Document:

Senior Discount Warrant Escrow Agreement, dated as of December 12, 2003

 EX – 10.8 
  
 SENIOR DISCOUNT WARRANT ESCROW AGREEMENT 
  
 THIS SENIOR DISCOUNT WARRANT ESCROW AGREEMENT (this “Agreement”), is dated as of December 12, 2003, by and
among DDi Corp., a Delaware corporation (the “Company”) and Mellon Investor Services LLC, a New Jersey limited liability company, as escrow agent (the “Escrow Agent”). 
  
 WHEREAS, it is a condition to the effectiveness of the Debtors’ Modified
First Amended Joint Plan of Reorganization, dated as of August 30, 2003, as confirmed by Order of the United States Bankruptcy Court for the Southern District of New York entered December 2, 2003 that the Company, among other things, issue warrants
(the “Warrants”) to the Senior Discount Note Holders (each a “Holder” and collectively, the “Holders”), representing the right to purchase up to an aggregate of 762,876 shares of its common stock,
$0.001 par value per share (the “Warrant Shares”), which Warrants will be deposited on the effective date of the Plan (the “Effective Date”) with the Escrow Agent hereunder and released and delivered to the Holders
on the first business day after the twenty-four (24) month anniversary of the Effective Date (the “Release Date”) upon the terms and conditions set forth herein; 
  
 WHEREAS, each Holder’s acceptance of the Warrant Certificate in the form attached as Exhibit A to the Senior Discount
Warrant Agreement dated the date hereof by and between the Company and Mellon Investor Services LLC, a New Jersey limited liability company, as Warrant Agent (the “Senior Discount Warrant Agreement”), shall constitute agreement to
the terms and provisions of this Agreement; and 
  
 WHEREAS, the
Company wishes to engage the Escrow Agent to act, and the Escrow Agent is willing to act, as escrow agent hereunder and, in that capacity, to hold, administer and distribute the Warrants deposited in escrow hereunder in accordance with, and subject
to, the terms of this Agreement. 
  
 Capitalized terms used but
not defined herein shall have the meaning ascribed to such terms in the Senior Discount Warrant Agreement. 
  
 NOW THEREFORE, for valuable consideration, the receipt whereof is hereby acknowledged, the parties hereto agree as follows: 
  
 SECTION 1. Escrow Agreement; Deposit of the Warrant.

  
 (a) Appointment of and Acceptance by Escrow Agent. The
Company hereby appoints the Escrow Agent to serve as escrow agent hereunder. The Escrow Agent hereby accepts such appointment and, upon receipt of the Warrants in accordance with section l(b) below, agrees to hold and release such Warrants in
accordance with the terms this Agreement. 
  
 (b) Deposit of
Warrant. On the Effective Date, the Company shall deposit the Warrants with the Escrow Agent (such Warrants while held by the Escrow Agent pursuant to this Agreement, the “Escrow Property”). The Escrow Agent hereby agrees that,
upon receipt thereof, such Escrow Property shall be released from escrow hereunder only in conformity with, and upon the terms and conditions set forth in this Agreement. 

 SECTION 2. Release of the Escrow Property from Escrow. On the Release Date, the Escrow
Agent shall release all or any portion of the Escrow Property in accordance with the instructions set forth in a certificate substantially in the form of Exhibit A hereto (the “Release Certificate”) which shall be executed by
the Company. The number of Warrants to be released shall be the number of Warrants calculated under the terms of Sections 4.2 and 4.3 of the Senior Discount Warrant Agreement. The Release Certificate shall provide in reasonable detail instructions
as to the delivery of the Escrow Property and the name(s) of the parties who will be receiving the Escrow Property. To the extent that certificates representing all or any portion of the Warrants are to be registered in names and/or denominations
other than those set forth on the certificates constituting the Escrow Property, the Release Certificate shall provide such information and instructions. If necessary, the Escrow Agent shall present such certificates and information to the Company
for registration of transfer, assignment or exchange and shall deliver such Warrants and any replacement Warrant(s) in accordance with the terms of the Release Certificate. 
  
 SECTION 3. Compensation and Reimbursement of Escrow Agent. The Company shall pay to the Escrow Agent
compensation in accordance with the fee schedule attached hereto as Exhibit B for its engagement hereunder on or before the date hereof and to reimburse the Escrow Agent for all reasonable out-of-pocket costs and expenses, including the
reasonable compensation and expenses of one counsel to the Escrow Agent incurred in the preparation, administration, delivery, execution and amendment of this Agreement and the performance of its duties under this Agreement, the escrow created
hereby, and the performance or observance of duties hereunder. 
  
 SECTION 4. Responsibilities of the Escrow Agent. The Escrow Agent shall be obligated to perform only such duties as are expressly set forth in this Agreement. No implied covenants or obligations shall be inferred from this
Agreement against the Escrow Agent, nor shall the Escrow Agent be bound by the provisions of any agreement of the Company or the Holders beyond the specific terms hereof. 
  
 (a) Except as otherwise provided in section 5 below, the Escrow Agent shall not be liable hereunder except for its own gross
negligence, bad faith or willful misconduct (each as finally determined by a court of competent jurisdiction) and the Company and the Holders shall jointly and severally agree to indemnify and hold the Escrow Agent and its affiliates and their
respective successors, assigns, directors, officers, managers, employees, agents, attorneys, accountants and experts for and hold it harmless as to any and all losses, liabilities or expenses, including judgments, damages, fines, penalties, claims,
demands, settlements, costs and agents’ and attorneys’ fees, and expenses for anything done or omitted by the Escrow Agent arising out of or in connection with this Agreement except as a result of its gross negligence, bad faith or willful
misconduct (each as finally determined by a court of competent jurisdiction). The Escrow Agent shall notify the Company and the Holders promptly of any claim for which it may seek indemnity. The Company and the Holders’ obligations pursuant to
this Section 4(a) shall survive the termination of this Agreement. The costs and expenses incurred by the Escrow Agent in enforcing the right to indemnification shall be jointly and severally paid by the 

  

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Company and the Holders unless it is determined by a final order, judgment, decree or ruling of a court of competent jurisdiction that the Escrow Agent is
not entitled to indemnification due to its own gross negligence, bad faith or willful misconduct. In no event shall the Escrow Agent be liable (i) for acting in good faith, without gross negligence, bad faith or willful misconduct (each as finally
determined by a court of competent jurisdiction), in accordance with instructions from the Company and/or any Holder in accordance with the terms hereof, (ii) for the acts or omissions of its nominees, correspondents, designees, sub-holders or
sub-custodians that do not constitute gross negligence, bad faith or willful misconduct (each as finally determined by a court of competent jurisdiction), (iii) for incidental, indirect, special, punitive or consequential losses or damages, or (iv)
for any amount in excess of the fees paid by the Company to the Escrow Agent. 
  
 (b) The Escrow Agent shall (in the absence of gross negligence, bad faith or willful misconduct; each as finally determined by a court of competent jurisdiction) be entitled to rely upon any order, judgment,
certification, instruction, notice, opinion or other writing delivered to it in compliance with the provisions of this Agreement without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or
validity of service thereof or such court’s jurisdiction in the matter. The Escrow Agent may (in the absence of gross negligence, bad faith or willful misconduct; each as finally determined by a court of competent jurisdiction) act in reliance
upon any instrument comporting with the provisions of this Agreement or signature believed by it to be genuine and assume that any person purporting to give notice or receipt or advice or make any statement or execute any document in connection with
the provisions hereof has been duly authorized to do so. The Escrow Agent shall have no duty to inquire into or investigate the validity, accuracy or content of any such instrument or signature. 
  
 The Escrow Agent may at any time request in writing written instructions from
the Company and the Holders and may at its option include in such request the course of action it proposes to take, and the date on which it proposes to act, regarding any matter arising in connection with its duties and obligations hereunder. In
the absence of gross negligence, bad faith or willful misconduct (each as finally determined by a court of competent jurisdiction), the Escrow Agent shall not be liable for acting without the consent of the Company and the Holders in accordance with
such a proposal and the terms of this Agreement on or after the date specified therein, provided that the specified date shall be at least five (5) business days after the Company and the Holders receive the Escrow Agent’s request for
instructions and its proposed course of action, and provided further that, prior to so acting, the Escrow Agent has not received the written instructions requested or other written instructions signed by the Company and the Holders not inconsistent
with the terms of this Agreement. The Company and the Holders and the Escrow Agent shall send copies of all such written correspondence received or sent by such party to the other parties hereto. 
  
 (c) The Escrow Agent shall not be obligated to take any legal action or
commence any proceeding in connection with the Escrow Property, any account in which Escrow Property is deposited or this Agreement, or to prosecute or defend any such legal action or proceeding brought by persons not a party to this Agreement. The
Escrow Agent may act in accordance with the written advice of counsel chosen by it with respect to any matter relating to this Agreement and shall not be liable and shall be fully indemnified for any liability whatsoever for any action taken or
omitted to be taken in accordance with such written advice. The Company and the Holders shall promptly pay, upon demand, the reasonable fees and expenses of any such counsel. 
  

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 (d) The Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving
as escrow agent only and has only possession thereof. 
  
 (e) The
Escrow Agent makes no representation as to the validity, value, genuineness or collectability of any security or other document or instrument held by or delivered to it by the Company or any Holder. 
  
 (f) The Escrow Agent shall not be called upon to advise any party as to
selling or retaining, or taking or refraining from taking any action with respect to, any securities or other property deposited hereunder. 
  
 (g) The Escrow Agent may consult and obtain advice from counsel (who may be counsel to a party hereto or an employee of the Escrow Agent) and shall be
fully protected in taking, suffering, or omitting to take any action in reliance on said advice. 
  
 (h) The Escrow Agent shall not be required to invest any amounts held as part of the Escrow Property. 
  
 (i) The Escrow Agent shall have no duties, responsibilities or obligations as
the Escrow Agent except those which are expressly set forth herein, and in any modification or amendment hereof to which the Escrow Agent has consented in writing, and no duties, responsibilities or obligations shall be implied or inferred. Without
limiting the foregoing, the Escrow Agent shall not be subject to, nor be required to comply with any agreement between or among the parties hereto, even though reference thereto may be made in this Agreement, or to comply with any notice,
instruction, direction, request or other communication, paper or document other than as expressly set forth in this Agreement. 
  
 (j) The Escrow Agent may execute or perform any duty, responsibility or obligation hereunder either directly or through agents, attorneys, accountants or
other experts. 
  
 (k) The Escrow Agent may engage or be
interested in any financial or other transaction with any party hereto or affiliate thereof, and may act on, or as depositary, trustee or agent for, any committee or body of holders of obligations of such party or affiliate, as freely as if it were
not the Escrow Agent hereunder. 
  
 (l) The Escrow Agent shall not
be obligated to expand or risk its own funds or to take any action which it believes would expose it to expense or liability or to a risk of incurring expense or liability, unless it has been furnished with assurances of repayment or
indemnity satisfactory to it. 
  
 (m) The Escrow Agent shall not
take instructions or directions except those given in accordance with this Agreement. 
  
 (n) The Escrow Agent shall not incur any liability for not performing any act, duty, obligation or responsibility by reason of any occurrence beyond the control of the Escrow Agent 

  

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(including without limitation any act or provision of any present or future law or regulation or governmental authority, any act of God, war, civil disorder
or failure of any means of communication). 
  
 (o) This Section 4
shall survive termination of this Agreement and the resignation or substitution of the Escrow Agent. 
  
 SECTION 5. No Reimbursement or Indemnification Under Certain Circumstances. Notwithstanding anything herein to the contrary, any costs and
expenses (including, but not limited to attorneys’ fees) incurred as a result of any legal action, proceeding or dispute between any or all of the parties hereunder shall be born by the party adjudged liable or responsible in connection
therewith. 
  
 SECTION 6. Resignation and Removal of
Escrow Agent. The Escrow Agent may resign at any time by giving at least thirty (30) days written notice to the Company and the Holders. Such resignation shall take effect upon the appointment of a successor escrow agent as provided below.
During such 30-day period, the Company shall appoint a successor escrow agent that is reasonably acceptable to the Holders of a majority of the Warrant Shares (“Majority Holders”) at which time the Escrow Agent shall hold such
property or funds, pending distribution, until all fees, costs and expenses or other obligations owed to the Escrow Agent are paid. If a successor escrow agent has not been appointed or has not accepted such appointment by the end of the 30-day
period, the Escrow Agent shall apply to a court of competent jurisdiction for the appointment of a successor escrow agent, or for other appropriate relief. 
  
 (b) The Company may remove the Escrow Agent upon thirty (30) days written notice to the Escrow Agent and the Majority Holders. Such removal shall take
effect upon delivery of the Escrow Property to a successor escrow agent designated in writing by the Company that is reasonably acceptable to the Majority Holders and the Escrow Agent shall thereupon be discharged from all obligations under this
Agreement and shall have no further duties or responsibilities in connection herewith. The Escrow Agent shall deliver the Escrow Property without unreasonable delay after receiving notice from the Company of its designation of a successor escrow
agent and upon receipt of all fees and reimbursement for all reasonable costs and other expenses or other obligations owed to the Escrow Agent. 
  
 (c) If after forty-five (45) days from the date of delivery of its written notice of intent to resign or of the Company’s notice of removal the
Escrow Agent has not received a written designation of a successor escrow agent, the Escrow Agent’s sole responsibility shall be to retain custody of the Escrow Property, or to apply to a court of competent jurisdiction for appointment of a
successor escrow agent and after such appointment to have no further duties or responsibilities in connection herewith. 
  
 (d) Upon the appointment of a successor escrow agent and the acceptance of such appointment, such successor escrow agent shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Escrow Agent, and the retiring Escrow Agent shall be discharged from its duties and obligations under this Agreement, but shall not be discharged from any liability for
actions taken as Escrow Agent hereunder prior to such succession. After any retiring Escrow Agent’s resignation or removal, the provisions of this Agreement shall continue to inure to its benefit as to any actions taken or omitted to be taken
by it while it was Escrow Agent under this Agreement. 
  

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 SECTION 7. Dispute Resolution. Except as provided in section 2, which provision shall be
unaffected by this section 7, it is understood and agreed that, should any dispute arise with respect to the delivery, ownership, right of possession, and/or disposition of the Escrow Property, or should any claim be made upon the Escrow Agent or
the Escrow Property by any party hereunder or any third party, the Escrow Agent upon receipt of notice of such dispute or claim is authorized and shall retain in its possession without liability to anyone, all or any of said Escrow Property until
such dispute shall have been settled either by the mutual written agreement of the parties involved, by a final order, decree or judgment of a court of competent jurisdiction in New York, New York, the time for perfection of an appeal of such order,
decree or judgment having expired. The Escrow Agent may, but shall be under no duty whatsoever to, institute or defend any legal proceedings which relate to the Escrow Property. 
  
 SECTION 8. Waiver of Jury Trial. THE ESCROW AGENT, THE COMPANY AND THE HOLDERS HEREBY WAIVE A TRIAL BY JURY
OF ANY AND ALL ISSUES ARISING IN ANY ACTION OR PROCEEDING BETWEEN THE ESCROW AGENT, THE COMPANY AND THE HOLDERS OR THEIR RESPECTIVE SUCCESSORS OR ASSIGNS, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF ITS PROVISIONS OR ANY NEGOTIATIONS IN
CONNECTION HEREWITH. 
  
 SECTION 9. Governing
Law. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York. 
  
 SECTION 10. Persons Benefiting. Nothing in this Agreement is intended or shall be construed to confer upon any Person other than the
Company, the Holders and the Escrow Agent any legal or equitable right, remedy or claim under or by reason of this Agreement or any part hereof, and this Agreement shall be for the sole and exclusive benefit of the Company, the Holders and the
Escrow Agent and their successors and permitted assigns. 
  
 SECTION 11. Amendment and Waiver. This Agreement may be amended by the parties hereto for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or making any
other provisions with respect to matters or questions arising under this Agreement as the parties hereto may deem necessary or desirable. 
  
 SECTION 12. Headings. The headings contained in this Agreement are for convenience of reference only and shall have no effect on the
interpretation or operation thereof. 
  
 SECTION 13.
Notices. Any notice or communication shall be in writing and delivered in person or mailed by first-class mail addressed as follows: 
  

	 	(a)	if to the Escrow Agent: 

  
 Mellon Investor Services LLC 
 400 S. Hope
Street, 4th Floor 
  

 6 

 Los Angeles, CA 90071 
 Attn: Relationship Manager 
  
 with a copy to: 
  
 Mellon Investor Services LLC

 85 Challenger Road 
 Ridgefield
Park, New Jersey 07660 
 Attn: General Counsel 
  

	 	(b)	if to the Company: 

  
 DDi Corp. 
 1220 North Simon Circle

 Anaheim, CA 92806 
 Attn:
Timothy J. Donnelly 
  
 with a copy to: 
  
 Kirkland & Ellis LLP 
 777 South Figueroa Street 
 Los Angeles, CA
90017 
 Attention: Eva H. Davis 
  

	 	(c)	if to the Holders: 

  
 JP Morgan Partners 
 1221 Avenue of the
Americas, 34th Floor 
 New York, NY 10020 
 Attn: Kevin O’Brien 
  
 with a copy to: 
  
 Hahn & Hessen LLP 
 488 Madison Avenue

 New York, NY 10022 
 Attention:
Jeffrey L. Schwartz 
  
 The Company, the Escrow Agent or the
Holders by notice to the other may designate additional or different addresses for subsequent notices or communications. 
  
 Any notice or communication mailed to a Holder shall be mailed to the Holder at the Holder’s address as it appears on the Certificate Register and
shall be sufficiently given if so mailed within the time prescribed. 
  

 7 

 Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it. 
  
 SECTION 14. Business Days. In any case where the Release Date or any date on which a Holder has a right to
exercise Warrants shall not be a business day, then (notwithstanding any other provision of this Agreement), such action may be made or taken on the next succeeding business day with the same force and effect as if made or taken on the Release Date.

  
 SECTION 15. Severability. The provisions of this
Agreement are severable, and if any clause or provision shall be held invalid, illegal or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall affect in that jurisdiction only such clause or
provision, or part thereof, and shall not in any manner affect such clause or provision in any other jurisdiction or any other clause or provision of this Agreement in any jurisdiction. 
  
 SECTION 16. Entire Agreement. This Agreement shall constitute the entire agreement of the parties with respect
to the subject matter herein and supersedes all prior oral or written agreements in regard thereto. 
  
 SECTION 17. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 
  
 SECTION 18. Successors. All agreements of the Company in this Agreement shall bind its successors. All agreements of the Escrow Agent in
this Agreement shall bind its successors. 
  
 SECTION 19.
Table of Contents. The table of contents and headings of the sections of this Agreement have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the
terms or provisions hereof. 
  
 SECTION 20.
Termination. This Agreement shall terminate automatically following (i) disbursement of all Escrow Property or (ii) by agreement of the parties hereto (in accordance with the terms hereof); provided, however, that the
obligations of the Company under section 3 and the Company and the Holders under section 4(b) (and any existing claims thereunder) shall survive termination of this Agreement and the resignation or removal of the Escrow Agent; provided,
further, that until such disbursement, the Company and the Holders will cause this Agreement (or any permitted successor agreement) to remain in effect and will cause there to be an escrow agent (including any permitted successor thereto)
acting hereunder (or under any such permitted successor agreement). 
  
 *    *    *    *    * 
  

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 IN WITNESS WHEREOF, the parties have caused this Senior Discount Warrant Escrow Agreement to be
executed by duly authorized representatives as of the day and year first written above. 
  

	 DDI CORP.

		
	 By:
	 	 /s/    Timothy
Donnelly        

	 	 	 Name: Timothy Donnelly

	 	 	 Title: Vice President

  
 [SIGNATURE PAGE
TO SENIOR DISCOUNT WARRANT ESCROW AGREEMENT] 

	 MELLON INVESTOR SERVICES LLC,
 as Escrow Agent

		
	 By:
	 	 /s/    Martha
Mijango        

	 	 	 Name: Martha Mijango

	 	 	 Title: Assistant Vice President

  
 [SIGNATURE PAGE
TO SENIOR DISCOUNT WARRANT ESCROW AGREEMENT] 

 Exhibit A 
  
 Release Certificate 
  
 Release Certificate 
  
 I. [Use the following paragraph in the event of release pursuant to Section 4.2 of the Senior Discount Warrant Agreement:] 
  
 The undersigned hereby certifies that as of the Release Date, each Holder
listed on the attached Schedule I was the holder of the number of Warrants set forth beside such Holder’s name. 
  
 Upon receipt of this duly completed Release Certificate, the Warrant Escrow Agent is hereby instructed to release to each Holder the number of Warrants
set forth beside such Holder’s name on the attached Schedule I, as provided under Section 4.2 of the Senior Discount Warrant Agreement between DDi Corp. and Mellon Investor Services LLC, dated as of
[        ], 2003. 
  

	 	 	 	  	 DDi Corp.

			
	 Date:
	 	  

	  	

	 	 	 	  	 Authorized Representative

			
	 	 	 	  	 CONSENTED TO AND AGREED BY:

			
	 	 	 	  	 [Holders of Warrants]

	 	 	 	  	 By:
	  	  

  
 [Attach Schedule I, which shall
include a complete list of Holder names, the percentage and the corresponding total number of Warrants to be released from escrow, and the percentage of the total number of Warrants to be released to each Holder.] 
  
 II. [Use the following paragraph in the event of release pursuant to Section 4.3 of the
Senior Discount Warrant Agreement:] 
  
 As the authorized
representative of DDI Corp., I hereby certify in consideration of the terms and conditions of the Senior Discount Warrant Agreement between DDi Corp. and Mellon Investor Services LLC, dated as of
[            ], 2003, that the Company has repaid any and all of its SDN Indebtedness to the New Senior Accreting Note Holders via cash payment. 

 The undersigned therefore requests that Mellon Investor Services LLC, as Warrant Escrow Agent, release
one hundred percent (100%) of the unearned Warrants for the Common Stock of DDi Corp. in escrow as of the date hereof and deliver such Warrants to DDi Corp. for cancellation in accordance with Section 4.3 of such agreement. 
  

	 	 	 	  	 	  	DDI CORP.
				
	 Date:
	 	  

	  	 By:
	  	  

				
	 	 	 	  	 	  	 CONSENTED TO AND AGREED BY:

				
	 	 	 	  	 	  	 [Holder of Warrants]

	 	 	 	  	 	  	 By:
	  	  

	 	 	 	  	 	  	 [Holder of Warrants]

	 	 	 	  	 	  	 By:
	  	  

 Exhibit B 
  
 MELLON INVESTORS SERVICES LLC 
 Schedule of Fees 
 As Escrow Agent 
  

	 Annual Fee
	  	$	1,500.00
	 Includes:
	  	 	 
		
	 Set-Up of escrow account
	  	 	 
		
	 Processing of Escrow IssuancesRegistration Rights Agreement relating to DDi Corp. Secured Lender Warrants

 EX-10.9 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 (Secured Lender Warrants) 
  
 THIS AGREEMENT is made as of December 12, 2003, by and among DDi Corp., a Delaware corporation (the “Company”), and JPMorgan Chase Bank,
as Administrative Agent (in such capacity, the “Administrative Agent”) on behalf each of the holders of the Registrable Securities (as defined below) listed on the Schedule of Holders attached hereto (collectively referred to
herein as the “Holders” and individually as a “Holder”). The Company and the Administrative Agent are sometimes collectively referred to herein as the “Parties” and individually as a
“Party”. 
  
 WHEREAS, on August 20, 2003, the
Company and DDi Capital Corp. (“DDi Capital”, and together with the Company, the “Debtors”) filed voluntary petitions for relief pursuant to chapter 11 of title 11 of the United States Code in the United States
Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) as Case No. 03-15261; 
  
 WHEREAS, in connection with the Debtors’ Modified First Amended Joint Plan of Reorganization (as may be further amended, amended and restated,
supplemented or modified from time to time, the “Plan”), as confirmed by the Bankruptcy Court on December 2, 2003, the Company is issuing to the Holders, warrants, representing the right to purchase up to an aggregate of 3,051,507
shares (the “Warrants”) of the Company’s common stock, $.001 par value per share (the “Common Stock”); 
  
 WHEREAS, in order to induce the Holders to support the Plan, the Company has agreed to provide the registration rights set forth in this Agreement; and

  
 WHEREAS, the execution and delivery of this Agreement is a
condition precedent to the effectiveness of the Plan and the occurrence of the effective date of the Plan (the “Effective Date”). 
  
 Unless otherwise provided in this Agreement, capitalized terms used herein shall have the meanings ascribed to them in Section 8 hereof. Other capitalized
terms used but not defined herein shall have the meanings ascribed to them in the Plan. 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby
agree as follows: 
  
 1. Shelf Registration Statement.

  
 (a) Filing of Registration Statement. Subject to the
provisions set forth in Section 4 below, the Company shall prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-3 or on another appropriate form under the Securities Act
of 1933 (the “Securities Act”) (the “Shelf Registration Statement”) relating to the offer and sale of the Registrable Securities by the Holders thereof from time to time in accordance with the methods of
distribution set forth in the Shelf Registration Statement 

 
and Rule 415 under the Securities Act and thereafter shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the
Securities Act on or prior to the first Business Day after the twenty-four (24) month anniversary of the Effective Date (the “Second Anniversary Date”), and once effective, to cause such Shelf Registration Statement to remain effective for
a period ending on the earlier of (i) three (3) years after the Second Anniversary Date; and (ii) the date in which all the warrants covered by the Shelf Registration Statement have been exercised (the “Effective Period”);
provided, however, that no Holder shall be entitled to have the Registrable Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement
applicable to such Holder. 
  
 (b) Registration Expenses.
As further provided in Section 5 below, all Registration Expenses (as defined below) incurred in connection with the Shelf Registration Statement (whether incurred by the Company or the Holders) shall be borne by the Company (including, without
limitation, all fees and expenses of the investment banker and manager (the “Managing Underwriter”) but excluding any commissions or underwriting discount of any investment banker or Managing Underwriter). 
  
 (c) Selection of Underwriter. The Holders of a majority of Registrable
Securities shall have the right to retain and select an investment banker and the Managing Underwriter to administer the Shelf Registration Statement, subject to the Company’s approval which shall not be unreasonably withheld. 
  
 (d) Rule 144A. In the event the Shelf Registration Statement is not
effective during any period during the Effective Period, the Company hereby agrees with each Holder to make available during such period, upon request of any Holders, to any Holder or beneficial owner of the Registrable Securities in connection with
any sale thereof and any prospective purchaser thereof from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in order to permit resales pursuant to Rule 144A. 
  
 (e) Method of Distribution. The methods of distribution set forth in
the Shelf Registration Statement shall be substantially in accordance with this subsection (e) for each Holder unless such Holder, individually, notifies the Company that such Holder wishes to change its methods of distribution to other methods
reasonably acceptable to the Company, and the Company shall modify the methods of distribution for such Holder accordingly. The Registrable Securities may be sold from time to time by the Holders, or by pledgees, donees, transferees or other
successors in interest. Such sales may be made on one or more exchanges or in the over-the-counter market, or otherwise at prices and at terms then prevailing or at prices related to the then current market price, or in negotiated transactions. The
Registrable Securities may be sold by one or more of the following : (i) a block trade in which the broker or dealer so engaged will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate
the transaction; (ii) purchases by a broker or dealer as principal and resale by such broker or dealer for its account pursuant to the Shelf Registration Statement; (iii) an exchange distribution in accordance with the rules of such exchange; (iv)
ordinary brokerage transactions and transactions and transactions in which the broker solicits purchasers; (v) transactions between sellers and purchasers without a broker/dealer; and (vi) underwritten offerings. In addition, any securities covered
by the Shelf Registration Statement which qualify 

  

 -2- 

 
for sale pursuant to Rule 144 may be sold under Rule 144 rather than pursuant to the Shelf Registration Statement. From time to time the Holders may engage
in short sales, short sales versus the box, puts and calls and other transactions in securities of the issuer or derivatives thereof, and may sell and deliver the Registrable Securities in connection therewith. In effecting sales, brokers or dealers
engaged by the Holders may arrange for other brokers or dealers to participate. Brokers or dealers will receive commissions or discounts from Holders in amounts to be negotiated immediately prior to the sale. The Holders and agents who execute
orders on their behalf may be deemed to be underwriters as that term is defined in Section 2(11) of the Securities Act and a portion of any proceeds of sales and discount, commissions or other compensation may be deemed to be underwriting
compensation for purposes of the Securities Act. 
  
 2.
Piggyback Registrations. 
  
 (a) Right to
Piggyback. Whenever the Company proposes to register any of its equity securities under the Securities Act and the registration form to be used may be used for the registration of Registrable Securities (a “Piggyback
Registration”), the Company shall give prompt written notice to all Holders of its intention to effect such a registration and, subject to the terms of Sections 2(c) and 2(d) hereof, shall include in such registration (and in all related
registrations or qualifications under blue sky laws or in compliance with other registration requirements and in any related underwriting) all Registrable Securities with respect to which the Company has received written requests for inclusion
therein within 10 Business Days after the receipt of the Company’s notice. 
  
 (b) Piggyback Expenses. The Registration Expenses of the Holders, including without limitation, the reasonable fees of one counsel to the Holders shall be paid by the Company in all Piggyback Registrations.

  
 (c) Priority on Primary Registrations. If a Piggyback
Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their good faith judgment the number of securities requested to be included in such registration
exceeds the maximum number which can be sold therein without adversely affecting the marketability of the offering, the Company shall include in such registration (i) first, the securities the Company proposes to sell, (ii) second, the Registrable
Securities and the SDN Registrable Securities requested to be included therein by the Holders and the holders of the SDN Registrable Securities (the “SDN Holders”), respectively, pro rata according to their respective ownership and
(iii) third, other securities selected by the Company in accordance with then existing agreements. 
  
 (d) Priority on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of holders of the
Company’s securities, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the maximum number which can be sold in such offering without
adversely affecting the marketability of the offering the Company shall include in such registration (i) first, (A) the securities requested to be included therein by the holders requesting such registration and (B) the Registrable Securities and
the SDN Registrable Securities requested to be included therein by the Holders and the SDN Holders, respectively, pro rata according to their respective ownership and (ii) second, other securities selected by the Company in accordance with then
existing agreements. 
  

 -3- 

 (e) Other Registrations. If the Company has previously filed a registration statement which has
been declared effective with respect to Registrable Securities pursuant to Section 1 or this Section 2, and if such previous registration has not been withdrawn or abandoned, the Company shall not file or cause to be effected any other registration
of any of its equity securities or securities convertible or exchangeable into or exercisable for its equity securities under the Securities Act (except on Form S-8 or any successor form), whether on its own behalf or at the request of any Holder or
Holders, until a period of at least 120 days has elapsed from the effective date of such previous registration. 
  
 (f) Other Obligations. Notwithstanding any other provisions hereof, the Company shall use its best efforts to ensure that (i) any registration
statement filed in connection with a Piggyback Registration, and any amendment thereto, and any prospectus forming a part thereof, and any supplement thereto, complies in all material respects with the Securities Act, (ii) any registration statement
filed in connection with a Piggyback Registration, and any amendment thereto, does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, and (iii) any prospectus forming part of any registration statement filed in connection with a Piggyback Registration, and any supplement to such prospectus, does not include an untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they are made, not misleading. 
  

3. Holdback Agreements. 
  
 (a) Each Holder shall not effect any public sale or distribution (including sales pursuant to Rule 144) of equity securities of the Company, or any
securities convertible into or exchangeable or exercisable for such securities, during (i) the period the Company reasonably believes is 7 days prior to the effective date of any underwritten registration and (ii) the 90-day period beginning on the
effective date of any underwritten registration ((i) and (ii) are referred to herein as the “Holdback Period”) (in each of cases (i) and (ii), except as part of such underwritten registration), so long as such limitation applies to
all directors, executive officers and greater than five (5) percent holders of the Company’s Common Stock and the Company provides each Holder notice of such Holdback Period at least 3 days prior to the commencement of such Holdback Period.

  
 (b) The Company shall not effect any public sale or
distribution of its equity securities, or any securities convertible into or exchangeable or exercisable for such securities, during the Holdback Period (except as part of such underwritten registration or pursuant to registrations on Form S-8 or
any successor form), unless the underwriters managing such underwritten registration otherwise agree. 
  
 4. Registration Procedures. Whenever the Holders have requested that any Registrable Securities be registered pursuant to this Agreement, the
Company shall use its best efforts to effect the registration and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto the Company shall as expeditiously as possible: 

 

 -4- 

 (a) prepare and file with the Commission a registration statement, and all amendments and supplements
thereto and related prospectuses as may be necessary to comply with applicable securities laws, with respect to such Registrable Securities and use its best efforts to cause such registration statement to become effective (provided that before
filing a registration statement or prospectus or any amendments or supplements thereto, the Company shall furnish to each Holder copies of all such documents proposed to be filed); 
  
 (b) notify each Holder of the effectiveness of each registration statement filed hereunder and prepare and file with the
Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for the Effective Period and comply with the provisions of
the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement;

  
 (c) furnish to each seller of Registrable Securities such
number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such seller may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by such seller; 
  
 (d) use its best efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things
which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller (provided that the Company shall not be required to (i) qualify generally to
do business in any jurisdiction where it would not otherwise be required to qualify but for this subparagraph, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction);

  
 (e) notify each seller of such Registrable Securities, at any
time when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement of a material fact
or omits any fact necessary to make the statements therein not misleading, and, at the request of any such seller, the Company shall prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of such
Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading; 
  
 (f) advise such Holders, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop
order by the Commission suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for that purpose and promptly use its best efforts to prevent the issuance of any stop order or to obtain its
withdrawal, if such stop order should be issued; 
  

 -5- 

 (g) cause all such Registrable Securities to be listed on each securities exchange on which similar
securities issued by the Company are then listed and, if not so listed, to be listed on the NASD Stock Market, Inc.; 
  
 (h) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement;

  
 (i) enter into such customary agreements (including
underwriting agreements in customary form) and take all such other actions as the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of
such Registrable Securities (including effecting a stock split or a combination of shares); 
  
 (j) make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other agent retained
by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information
reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such registration statement; 
  
 (k) otherwise use its best efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders, as
soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company’s first full calendar quarter after the effective date of the registration statement, which earnings
statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 
  
 (l) promptly prior to the filing of any document which is to be incorporated by reference into the registration statement or the prospectus (after initial
filing of the registration statement), provide copies of such document to counsel to the selling Holders and to the Managing Underwriter, if any, make the Company’s representatives available for discussion of such document and give due
consideration to changes in such document prior to the filing thereof as counsel for the selling Holders may propose; and 
  
 (m) subject to all the other provisions of this Agreement, use its best efforts to take all other steps necessary to effect the registration of such
Registrable Securities contemplated hereby. 
  
 5. Registration
Expenses. All expenses incident to the Company’s performance of or compliance with this Agreement, including without limitation, all registration, qualification and filing fees, fees and expenses of compliance with securities or blue sky
laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, fees and disbursements of counsel for the Company and all independent certified public accountants, underwriters (excluding discounts and commissions)
and other Persons retained by the Company (all such expenses being herein called “Registration Expenses”), the Company’s internal expenses (including, without limitation, all salaries and expenses of its officers and employees

  

 -6- 

 
performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance and the expenses and fees
for listing the securities to be registered on each securities exchange on which similar securities issued by the Company are then listed or on the NASD automated quotation system, shall be borne by the Company. 
  
 6. Indemnification. 
  
 (a) The Company agrees to indemnify, to the extent permitted by law, each
Holder, its officers, directors, employees, equity holders, general partners, limited partners, members, advisory directors, managing directors, each other Person who controls such Holder (within the meaning of the Securities Act) (each, a
“Holder Member” and collectively, the “Holder Members”) and any underwriter (only in the case of underwritten registrations) against all losses, claims, actions, damages, liabilities and expenses caused by (i) any
untrue or alleged untrue statement of material fact contained in any registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be
stated therein or necessary to make the statements therein not misleading, or (ii) any violation or alleged violation by the Company of the Securities Act or any other similar federal or state securities laws or any rule or regulation promulgated
thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such registration, qualification or compliance; provided, however, that the Company shall not be required to
indemnify, in the case of any underwritten registration, any underwriter or, in the case of any registration which is not underwritten, each Holder and Holder Member, if (i) such untrue statement or omission or alleged untrue statement or omission
was contained in any preliminary prospectus and corrected in the final prospectus or (ii) any amendment or supplement made in any preliminary prospectus does not contain any untrue statement or omission or alleged untrue statement or omission of a
material fact that was the subject matter of the related proceeding and any such loss, liability, claim, damage or expense suffered or incurred by such Holder or Holder Member resulted from the action, claim or suit by any Person who purchased
Registrable Securities which are the subject thereof from the Company and it is established in the related proceeding that the Holder or any underwriter, as the case may be, failed to deliver or provide a copy of the final prospectus (as amended or
supplemented) to such Person with or prior to the confirmation of the sale of such Registrable Securities sold to such Person if required by applicable law and such failure to deliver or provide a copy of the final prospectus (as amended or
supplemented) was a result of noncompliance by the Holder or any underwriter, as the case may be, with this Section 6 or as a result of the failure of the Holder or any underwriter, as the case may be, to provide such final prospectus. In addition,
the Company agrees to reimburse each Holder and Holder Member for any legal and any other expenses reasonably incurred by them as such expenses are incurred in connection with investigating, preparing or defending any such claim, loss, damage,
liability, action or proceeding, except insofar as the same are caused directly by any information furnished in writing to the Company by such Holder expressly for use in the registration statement, prospectus or preliminary prospectus or any
amendment or by such Holder’s failure to deliver a copy of the registration statement, prospectus or preliminary prospectus or any amendments or supplements thereto after the Company has furnished such Holder with a sufficient number of copies
of the same. In connection with an underwritten registration, the Company shall indemnify such underwriters, their officers and directors and each Person who controls such underwriters (within the meaning of the Securities Act) to the same extent as
provided above with respect to the indemnification of the Holders. 
  

 -7- 

 (b) In connection with any registration statement in which a Holder and any underwriter is participating,
each such Holder or any underwriter shall furnish to the Company in writing such information and affidavits concerning such Holder or underwriter as the Company reasonably requests for use in connection with any such registration statement or
prospectus and, to the extent permitted by law, shall indemnify the Company, its directors, officers, employees, equity holders, general partners, limited partners, members, advisory directors, managing directors and each Person who controls the
Company (within the meaning of the Securities Act) (each, a “Company Member” and collectively, the “Company Members”) against any losses, claims, damages, liabilities and expenses resulting from any untrue or
alleged untrue statement of material fact contained in the registration statement, prospectus or preliminary prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any information or affidavit concerning such Holder or underwriter so furnished in writing by such
Holder or underwriter; provided, however, that the obligation to indemnify shall be individual, not joint and several, for each Holder and shall be limited to the net amount of proceeds received by such Holder from the sale of
Registrable Securities pursuant to such registration statement; provided, further, that such Holder or underwriter shall not be required to indemnify the Company and/or each Company Member if (i) such untrue statement or omission or
alleged untrue statement or omission was contained in any preliminary prospectus and corrected in the final prospectus or (ii) any amendment or supplement made in any preliminary prospectus does not contain any untrue statement or omission or
alleged untrue statement or omission of a material fact that was the subject matter of the related proceeding and any such loss, liability, claim, damage or expense suffered or incurred by the Company or Company Member resulted from action, claim or
suit by any Person who purchased Registrable Securities which are the subject thereof from the Company and it is established in the related proceeding that the Company failed to deliver or provide a copy of the final prospectus (as amended or
supplemented) to such Person with or prior to the confirmation of the sale of such Registrable Securities sold to such Person if required by applicable law, unless such failure to deliver or provide a copy of the final prospectus (as amended or
supplemented) was a result of noncompliance by the Holder or any underwriter with this Section 6 or as a result of the failure of the Holder or any underwriter to provide such final prospectus. Notwithstanding anything herein to the contrary, the
Company shall not be obligated to effect any underwritten registration unless all the underwriters participating in any such underwritten registration agree to the terms of this Section 6(b). 
  
 (c) Any Person entitled to indemnification hereunder shall (i) give prompt
written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any Person’s right to indemnification hereunder to the extent such failure
has not prejudiced the indemnifying party) and (ii) unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying
party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and
expenses of more 

  

 -8- 

 
than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified
party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. 
  
 (d) The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of
the indemnified party or any officer, director or controlling Person of such indemnified party and shall survive the transfer of securities. The Company also agrees to make such provisions, as are reasonably requested by any indemnified party, for
contribution to such party in the event the Company’s indemnification is unavailable for any reason. 
  
 (e) If the indemnification provided for in this Section 6 is held by a court of competent jurisdiction to be unavailable to an indemnified party or is
otherwise unenforceable with respect to any loss, claim, damage, liability or action referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amounts paid or payable by such
indemnified party as a result of such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other hand in connection
with the statements or omissions which resulted in such loss, claim, damage, liability or action as well as any other relevant equitable considerations; provided that the maximum amount of liability in respect of such contribution shall be limited,
in the case of each seller of Registrable Securities, to an amount equal to the net proceeds actually received by such seller from the sale of Registrable Securities effected pursuant to such registration. The relative fault of the indemnifying
party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just or equitable
if the contribution pursuant to this Section were to be determined by pro rata allocation or by any other method of allocation that does not take into account such equitable considerations. The amount paid or payable by an indemnified party as a
result of the losses, claims, damages, liabilities or expenses referred to herein shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending against any action
or claim which is the subject hereof. 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 is not guilty of such fraudulent
misrepresentation. 
  
 (f) Notwithstanding anything in this
Section 6 to the contrary, the indemnifying party shall not be liable for any amounts paid in settlement of any loss, claim, damage, liability or action if such settlement is effected without the consent of the indemnifying party (which consent
shall not be unreasonably withheld). 
  
 7. Participation in
Underwritten Registrations. No Person may participate in any registration hereunder which is underwritten unless such Person (i) agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the

  

 -9- 

 
Person or Persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 
  
 8. Definitions. 
  
 (a) “Registrable Securities” means (i) the Warrants, (ii) the Common Stock issuable upon exercise of the Warrants and (iii) any
securities issued with respect to the Common Stock issuable upon exercise of the Warrants by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization. As to
any particular Registrable Securities, such securities shall cease to be Registrable Securities when they have been distributed to the public pursuant to a offering registered under the Securities Act. For purposes of this Agreement, a Person shall
be deemed to be a Holder, and the Registrable Securities shall be deemed to be in existence, whenever such Person has the right to acquire directly or indirectly such Registrable Securities (upon conversion or exercise in connection with a transfer
of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected, and such Person shall be entitled to exercise the rights of a Holder
hereunder. 
  
 (b) “SDN Registrable Securities”
means (i) the warrants representing the right to purchase shares of Common Stock issued to the SDN Holders pursuant to the Plan, (ii) the Common Stock 762,876 issuable upon exercise of such warrants and (iii) any securities issued with respect to
the Common Stock issuable upon the exercise of such warrants by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization. As to any particular SDN
Registrable Securities, such securities shall cease to be SDN Registrable Securities when they have been distributed to the public pursuant to a offering registered under the Securities Act. 
  
 9. Miscellaneous. 
  
 (a) No Inconsistent Agreements. The Company shall not hereafter enter
into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the Holders in this Agreement. The Holders acknowledge that the other registration rights agreements entered into by the Company pursuant
to the Plan are not inconsistent with or violative of the rights granted to the Holders under this Agreement. 
  
 (b) Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change to occur, with respect to its
securities which would materially and adversely affect the ability of the Holders to include such Registrable Securities in a registration undertaken pursuant to this Agreement or which would materially and adversely affect the marketability of such
Registrable Securities in any such registration (including, without limitation, effecting a stock split or a combination of shares). 
  
 (c) Remedies. Any Person having rights under any provision of this Agreement shall be entitled to enforce such rights specifically to recover
damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights granted 

  

 -10- 

 
by law. The parties hereto agree and acknowledge that money damages would not be an adequate remedy for any breach of the provisions of this Agreement and
that, in addition to any other rights and remedies existing in its favor, any party shall be entitled to specific performance and/or other injunctive relief from any court of law or equity of competent jurisdiction (without posting any bond or other
security) in order to enforce or prevent violation of the provisions of this Agreement. 
  
 (d) Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may be amended or waived only upon the prior written consent of the Company and Holders of at least 50% of the
Registrable Securities. The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions and shall not affect the right of such party thereafter to enforce each and every
provision of this Agreement in accordance with its terms. 
  
 (e)
Successors and Assigns. All covenants and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or
not. In addition, whether or not any express assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or Holders are also for the benefit of, and enforceable by, any subsequent Holder. 
  
 (f) Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such
prohibition or invalidity, without invalidating the remainder of this Agreement. 
  
 (g) Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together
shall constitute one and the same Agreement. 
  
 (h)
Descriptive Headings. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. 
  
 (i) Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. 
  
 (j) Notices. All notices, demands or other communications to be given
or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to the recipient by reputable overnight courier service (charges prepaid)
or mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid. 
  

 -11- 

	 	(1)	If to a Holder, at the most current address indicated on the Schedule of Holders. 

  
 with a copy to: 
  
 Simpson Thacher & Bartlett LLP 
 425 Lexington Avenue 
 New York, NY 10017 
 Attn: Kathrine A. McLendon 
  

	 	(2)	If to the Company, at the address indicated below: 

  
 DDi Corp. 
 1220 North Simon Circle 
 Anaheim, CA 92806-1827 
 Attn: Timothy J. Donnelly 
  
 with a copy to: 
  
 Kirkland & Ellis LLP 
 777 South Figueroa Street 
 Los Angeles, CA 90017 
 Attn: Eva H. Davis 
  
 or to such other address or to the attention of such other person as the recipient party has specified by prior written notice to the sending party. 
  
 [The remainder of this page is left blank intentionally] 
  

 -12- 

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

	 DDi CORP.

		
	 By:
	 	 /s/    Timothy Donnelly

	 	 	 Name: Timothy Donnelly
 Title: Vice President

  
 [Signature Page
to Registration Rights Agreement (Secured Lender Warrants)] 

	 JPMORGAN CHASE BANK, as Administrative

	 Agent

		
	 By:
	 	 /s/    Michael Lancia

	 	 	 Name: Michael Lancia

	 	 	 Title: Vice President

  
 [Signature Page
to Registration Rights Agreement (Secured Lender Warrants)] 

 Schedule of Holders 
  
 List of Initial Lenders and Warrant Shares Distribution 
  

	 	  	 Total
 Outstanding

	  	 % of Total
 Outstanding

	 	 	Warrant Shares

	  	 % of
 Warrant
 Shares

	 
	 JPMorgan Chase Bank
	  	$	6,392,896.04	  	8.77	%	 	267,625.0	  	8.77	%
	 Crescent/Mach I Partners, L.P.
	  	 	1,492,174.23	  	2.05	%	 	62,466.7	  	2.05	%
	 KZH Crescent-2 LLC
	  	 	1,989,565.64	  	2.73	%	 	83,288.9	  	2.73	%
	 KZH Crescent-3 LLC
	  	 	1,492,174.23	  	2.05	%	 	62,466.7	  	2.05	%
	 TCW Select Loan Fund, Limited
	  	 	3,153,468.21	  	4.33	%	 	132,013.2	  	4.33	%
	 Castle Hill I-Ingots, Ltd.
	  	 	6,631,885.45	  	9.10	%	 	277,629.8	  	9.10	%
	 Sankaty High Yield Partners II, L.P.
	  	 	1,432,289.53	  	1.96	%	 	59,959.8	  	1.96	%
	 Jana Master Fund, LTD
	  	 	6,963,479.80	  	9.55	%	 	291,511.3	  	9.55	%
	 Morgan Stanley Prime Income Trust
	  	 	4,642,319.86	  	6.37	%	 	194,340.9	  	6.37	%
	 Grayston CLO 2001-01 Ltd.
	  	 	3,882,422.21	  	5.33	%	 	162,529.4	  	5.33	%
	 KZH CypressTree-1 LLC
	  	 	3,398,841.33	  	4.66	%	 	142,285.3	  	4.66	%
	 Spring Street Partners - II, L.P.
	  	 	3,380,914.98	  	4.64	%	 	141,534.8	  	4.64	%
	 Van Kampen Senior Loan Fund
	  	 	2,984,348.47	  	4.09	%	 	124,933.4	  	4.09	%
	 Deutsche Bank Trust Company Americas
	  	 	2,535,686.24	  	3.48	%	 	106,151.1	  	3.48	%
	 CypressTree Investment Partners I
	  	 	2,155,362.80	  	2.96	%	 	90,229.7	  	2.96	%
	 CypressTree Investment Partners II
	  	 	331,594.30	  	0.45	%	 	13,881.5	  	0.45	%
	 IBM Credit LLC
	  	 	2,391,990.20	  	3.28	%	 	100,135.6	  	3.28	%
	 Dresdner Bank AG
	  	 	2,253,943.32	  	3.09	%	 	94,356.5	  	3.09	%
	 Citizens Financial Corporation
	  	 	2,253,943.32	  	3.09	%	 	94,356.5	  	3.09	%
	 Smoky River CDO, L.P.
	  	 	2,238,261.36	  	3.07	%	 	93,700.1	  	3.07	%
	 Bank of Nova Scotia
	  	 	1,690,457.49	  	2.32	%	 	70,767.4	  	2.32	%
	 Pilgrim CLO 1999-1 Ltd.
	  	 	1,661,293.93	  	2.28	%	 	69,546.5	  	2.28	%
	 Pilgrim America High Income Investments Ltd.
	  	 	1,492,174.23	  	2.05	%	 	62,466.7	  	2.05	%
	 JPMorgan Chase Bank
	  	 	1,286,292.21	  	1.76	%	 	53,847.9	  	1.76	%
	 Massachusetts Mutual Life Insurance Company
	  	 	746,087.12	  	1.02	%	 	31,233.4	  	1.02	%
	 Somers CDO Ltd.
	  	 	497,391.42	  	0.68	%	 	20,822.2	  	0.68	%
	 Bank Austria Creditanstalt Corp. Finance
	  	 	1,126,971.67	  	1.55	%	 	47,178.3	  	1.55	%
	 Brant Point II CBO 2000-1 Ltd.
	  	 	557,276.09	  	0.76	%	 	23,329.2	  	0.76	%
	 Harbour Town Funding Trust
	  	 	552,657.14	  	0.76	%	 	23,135.8	  	0.76	%
	 MassMutual High Yield Partners II, LLC
	  	 	746,087.12	  	1.02	%	 	31,233.4	  	1.02	%
	 Indosuez Capital Funding IIA, Ltd.
	  	 	407,847.67	  	0.56	%	 	17,073.7	  	0.56	%
	 SunAmerica Senior Floating Rate Fund Inc.
	  	 	82,898.56	  	0.11	%	 	3,470.4	  	0.11	%
	 GSC Partners Gemini Fund Limited
	  	 	47,920.00	  	0.07	%	 	2,006.1	  	0.07	%
	 	  	
	
	  	
	
	 	
	  	
	

	 Total
	  	$	72,892,916.17	  	100.00	%	 	3,051,507.0	  	100.00	%

  
 Schedule

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]