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Exhibit 4.7  

 
 

REGISTRATION RIGHTS AGREEMENT    
    

among  

 INTERMUNE, INC.  

 as Issuer,  

 and  

 MORGAN STANLEY & CO. INCORPORATED,  

 BANC OF AMERICA SECURITIES LLC,  

 CREDIT SUISSE FIRST BOSTON LLC,  

 HARRIS NESBITT CORP.  

 and  

 RBC CAPITAL MARKETS CORPORATION  

 as Initial Purchasers  

Dated as of February 17, 2004  

   
        THIS REGISTRATION RIGHTS AGREEMENT dated as of February 17, 2004 between InterMune, Inc., a Delaware corporation (the
"Company"), and Morgan Stanley & Co. Incorporated, Banc of America Securities LLC, Credit Suisse First Boston LLC, Harris Nesbitt Corp. and RBC
Capital Markets Corporation (the "Initial Purchasers"), is entered into pursuant to the Purchase Agreement dated February 10, 2004 (the
"Purchase Agreement"), among the Company and the Initial Purchasers. In order to induce the Initial Purchasers to enter into the Purchase Agreement, the
Company has agreed to provide the registration rights set forth in this Agreement. 

        The
Company agrees with the Initial Purchasers, (i) for their benefit as Initial Purchasers and (ii) for the benefit of the beneficial owners (including the Initial
Purchasers) from time to time of the Notes (as defined herein) and the beneficial owners from time to time of the Underlying Common Stock (as defined herein) issued upon conversion of the Notes (each
of the foregoing a "Holder" and together the "Holders"), as follows: 

        SECTION 1.    Definitions.    Capitalized terms used herein without definition shall have their respective
meanings set forth in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings: 

        "Affiliate" means with respect to any specified person, an "affiliate," as defined in Rule 144, of such person. 

        "Amendment Effectiveness Deadline Date" has the meaning set forth in Section 2(d) hereof. 

        "Business Day" means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in the City of
New York are authorized or obligated by law or executive order to close. 

        "Common Stock" means the shares of common stock, $0.001 par value per share, of the Company, together with the rights evidenced by such
common stock to the extent provided in the Rights Agreement, dated as of July 17, 2001, between the Company and Mellon Investor Services LLC (unless such rights shall have been redeemed or have
terminated previously), and any other shares of common stock as may constitute "Common Stock" for purposes of the Indenture, including the Underlying Common Stock. 

        "Conversion Price" has the meaning assigned such term in the Indenture. 

        "Conversion Rate" has the meaning assigned such term in the Indenture. 

        "Damages Accrual Period" has the meaning set forth in Section 2(e) hereof. 

        "Damages Payment Date" means each March 1 and September 1. 

        "Deferral Notice" has the meaning set forth in Section 3(h) hereof. 

        "Deferral Period" has the meaning set forth in Section 3(h) hereof. 

        "Effectiveness Deadline Date" has the meaning set forth in Section 2(a) hereof. 

        "Effectiveness Period" means the period commencing on the date hereof and ending on the date that all Registrable Securities have ceased
to be Registrable Securities. 

        "Event" has the meaning set forth in Section 2(e) hereof. 

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

        "Filing Deadline Date" has the meaning set forth in Section 2(a) hereof. 

        "Holder" has the meaning set forth in the second paragraph of this Agreement. 

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        "Indenture" means the Indenture, dated as of February 17, 2004, between the Company and The Bank of New York, as trustee, pursuant
to which the Notes are being issued. 

        "Initial Purchasers" means Morgan Stanley & Co. Incorporated, Banc of America Securities LLC, Credit Suisse First Boston LLC,
Harris Nesbitt Corp. and RBC Capital Markets Corporation. 

        "Initial Shelf Registration Statement" has the meaning set forth in Section 2(a) hereof. 

        "Issue Date" means February 17, 2004. 

        "Liquidated Damages Amount" has the meaning set forth in Section 2(e) hereof. 

        "Material Event" has the meaning set forth in Section 3(h) hereof. 

        "Notes" means the .25% Convertible Senior Notes Due 2011 of the Company to be purchased pursuant to the Purchase Agreement. 

        "Notice and Questionnaire" means a written notice delivered to the Company containing all material information called for by the Form of
Selling Securityholder Notice and Questionnaire attached as Annex A to the Offering Memorandum of the Company dated February 17, 2004 relating to the Notes. 

        "Notice Holder" means, on any date, any Holder that has delivered a duly executed and completed Notice and Questionnaire to the Company on
or prior to such date. 

        "Purchase Agreement" has the meaning set forth in the preamble hereof. 

        "Prospectus" means 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 promulgated under the Securities Act), as amended or
supplemented by any amendment or prospectus supplement, including post-effective amendments, and all materials incorporated by reference or explicitly deemed to be incorporated by
reference in such Prospectus. 

        "Record Holder" means with respect to any Damages Payment Date relating to any Notes or Underlying Common Stock as to which any Liquidated
Damages Amount has accrued, the registered holder of such Note or Underlying Common Stock on the February 15 immediately preceding a Damages Payment Date occurring on a March 1, and on
the August 15 immediately preceding a Damages Payment Date occurring on a September 1. 

        "Registrable Securities" means the Notes until such Notes have been converted into or exchanged for the Underlying Common Stock and, at
all times subsequent to any such conversion, the Underlying Common Stock and any securities into or for which such Underlying Common Stock has been converted or exchanged, and any security issued with
respect thereto upon any stock dividend, split or similar event until, in the case of any such security, (A) the earliest of (i) its effective registration under the Securities Act and
resale in accordance with the Registration Statement covering it, (ii) expiration of the holding period that would be applicable thereto under Rule 144(k), (iii) its sale to the
public pursuant to Rule 144 under the Securities Act, or (iv) the date such security ceases to be outstanding (whether as a result of redemption, repurchase and cancellation, conversion
or otherwise), and (B) as a result of the event or circumstance described in any of the foregoing clauses (A)(i) through (A)(iii), the legend with respect to transfer restrictions
required under the Indenture is removed or removable in accordance with the terms of the Indenture or such legend, as the case may be. 

        "Registration Statement" means any registration statement of the Company that covers the registration of any of the Registrable Securities
pursuant to the provisions of this Agreement, 

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including
the Prospectus contained therein, amendments and supplements to such registration statement, including post-effective amendments, all exhibits and all materials incorporated by
reference or explicitly deemed to be incorporated by reference in such registration statement. 

        "Restricted Securities" means "Restricted Securities" as defined in Rule 144. 

        "Rule 144" means Rule 144 under the Securities Act, as such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the SEC. 

        "Rule 144A" means Rule 144A under the Securities Act, as such Rule may be amended from time to time, or any similar rule or
regulation hereafter adopted by the SEC. 

        "SEC" means the Securities and Exchange Commission. 

        "Securities Act" means the Securities Act of 1933, as amended, and the rules and regulations promulgated by the SEC thereunder. 

        "Shelf Registration Statement" has the meaning set forth in Section 2(a) hereof. 

        "Special Counsel" means Davis Polk & Wardwell or one such other successor counsel as shall be specified by the Holders of a
majority of the Registrable Securities, but which may, with the written consent of the Initial Purchasers (which shall not be unreasonably withheld), be another nationally recognized law firm
experienced in securities law matters designated by the Company, the reasonable fees and expenses in connection with Blue Sky qualifications of the Registrable Securities of which will be paid by the
Company pursuant to Section 5 hereof. For purposes of determining the Holders of a majority of the Registrable Securities in this definition, Holders of Notes shall be deemed to be the Holders
of the number of shares of Underlying Common Stock into which such Notes are or would be convertible as of the date the consent is requested. 

        "Subsequent Shelf Registration Statement" has the meaning set forth in Section 2(b) hereof. 

        "TIA" means the Trust Indenture Act of 1939, as amended. 

        "Trustee" means The Bank of New York, the Trustee under the Indenture. 

        "Underlying Common Stock" means the Common Stock into which the Notes are convertible or issued upon any such conversion. 

        SECTION 2.    Shelf Registration.    (a) The Company shall prepare and file or cause to be prepared and
filed with the SEC, as soon as practicable but in any event on or before the date (the "Filing Deadline Date") ninety (90) days after the Issue
Date, a Registration Statement for an offering to be made on a delayed or continuous basis pursuant to Rule 415 of the Securities Act (a "Shelf Registration
Statement") registering the resale from time to time by Holders thereof of all of the Registrable Securities (the "Initial Shelf Registration
Statement"). The Initial Shelf Registration Statement shall be on Form S-3 or another appropriate form permitting registration of such Registrable Securities
for resale by such Holders in accordance with the methods of distribution elected by the Holders and set forth in the Initial Shelf Registration Statement. The Company shall use commercially
reasonable efforts to cause the Initial Shelf Registration Statement to be declared effective under the Securities Act as promptly as is practicable but in any event on or before the date (the
"Effectiveness Deadline Date") that is two hundred ten (210) days after the Issue Date, and, subject to the Company's right to suspend the use of
a Registration Statement pursuant to Section 3(h) hereof, to keep the Initial Shelf Registration Statement (or any Subsequent Shelf Registration Statement) continuously effective under the
Securities Act until the expiration of the Effectiveness Period. At the time the Initial Shelf Registration Statement is declared effective, each Holder that became a Notice Holder on or prior to the
date ten (10) Business Days prior to such time of effectiveness shall be named as a selling securityholder in the Initial Shelf Registration Statement and the related Prospectus in such a
manner as to permit such Holder to deliver such Prospectus to purchasers of Registrable Securities in 

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accordance
with applicable law. No holder shall be entitled to be named as a selling securityholder in the Initial Shelf Registration Statement or to use the Prospectus forming a part thereof for
offers or resales of Registrable Securities unless such holder is a Notice Holder on or prior to the date ten (10) Business Days prior to such time of effectiveness. None of the Company's
security holders (other than the Holders of Registrable Securities) shall have the right to include any of the Company's securities in the Shelf Registration Statement. 

        (b)   If
the Initial Shelf Registration Statement or any Subsequent Shelf Registration Statement ceases to be effective for any reason at any time during the Effectiveness
Period (other than because all Registrable Securities registered thereunder shall have been resold pursuant thereto or shall have otherwise ceased to be Registrable Securities), the Company shall use
commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall within thirty (30) days of such cessation of
effectiveness amend the Shelf Registration Statement in a manner reasonably expected to obtain the withdrawal of the order suspending the effectiveness thereof, or file an additional Shelf
Registration Statement covering all of the securities that as of the date of such filing are Registrable Securities (a "Subsequent Shelf Registration
Statement"). If a Subsequent Shelf Registration Statement is filed, the Company shall use commercially reasonable efforts to cause the Subsequent Shelf Registration Statement
to become effective as promptly as is reasonably practicable after such filing, and, subject to the Company's right to suspend the use of a Registration Statement pursuant to Section 3(h)
hereof, to keep such Registration Statement (or subsequent Shelf Registration Statement) continuously effective until the end of the Effectiveness Period. 

        (c)   The
Company shall supplement and amend the Shelf Registration Statement if required by the rules, regulations or instructions applicable to the registration form used by
the Company for such Shelf Registration Statement, if required by the Securities Act or as otherwise necessary to name a Notice Holder as a selling securityholder pursuant to Section (d) below. 

        (d)   Each
Holder agrees that if such Holder wishes to sell Registrable Securities pursuant to a Shelf Registration Statement and related Prospectus, it will do so only in
accordance with this Section 2(d) and Section 3(h) of this Agreement. Following the date that the Initial Shelf Registration Statement is declared effective, each Holder that is not a
Notice Holder wishing to sell Registrable Securities pursuant to a Shelf Registration Statement and related Prospectus agrees to deliver a Notice and Questionnaire to the Company at least ten
(10) Business Days prior to any intended distribution of Registrable Securities under the Shelf Registration Statement. From and after the date the Initial Shelf Registration Statement is
declared effective, the Company shall, as promptly as reasonably practicable after the date a Notice and Questionnaire is delivered pursuant to Section 8(c), and in any event upon the later of
(x) fifteen (15) Business Days after such date or (y) five (5) Business Days after the expiration of any Deferral Period in effect when the Notice and Questionnaire is
delivered or put into effect within fifteen (15) Business Days of such delivery date: 

        (i)    if
required by applicable law, file with the SEC a post-effective amendment to the Shelf Registration Statement or prepare and, if required by applicable
law, file a supplement to the related Prospectus or a supplement or amendment to any document incorporated therein by reference or file any other required document so that the Holder delivering
such Notice and Questionnaire is named as a selling securityholder in the Shelf Registration Statement and the related Prospectus in such a manner as to permit such Holder to deliver such Prospectus
to purchasers of the Registrable Securities in accordance with applicable law and, if the Company shall file a post-effective amendment to the Shelf Registration Statement, use
commercially reasonable efforts to cause such post-effective amendment to be declared effective under the Securities Act as promptly as is reasonably practicable, but in any event by the
date (the "Amendment Effectiveness Deadline Date") that is sixty (60) days after the date such post-effective amendment is required
by this clause to be filed; 

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        (ii)   provide
such Holder copies of any documents filed pursuant to Section 2(d)(i); and 

        (iii)  notify
such Holder as promptly as practicable after the effectiveness under the Securities Act of any post-effective amendment filed pursuant to
Section 2(d)(i); 

provided, that if such Notice and Questionnaire is delivered during a Deferral Period, the Company shall so inform the Holder delivering such Notice and
Questionnaire and shall take the actions set forth in clauses (i), (ii) and (iii) above upon expiration of the Deferral Period in accordance with
Section 3(h). Notwithstanding anything contained herein to the contrary, (i) the Company shall be under no obligation to name any Holder that is not a Notice Holder as a selling
securityholder in any Registration Statement or related Prospectus and (ii) the Amendment Effectiveness Deadline Date shall be extended by up to ten (10) Business Days from the
expiration of a Deferral Period (and the Company shall incur no obligation to pay Liquidated Damages during such extension) if such Deferral Period shall be in effect on the Amendment Effectiveness
Deadline Date. 

        (e)   The
parties hereto agree that the Holders of Registrable Securities will suffer damages, and that it would not be feasible to ascertain the extent of such damages with
precision, if, other than as permitted hereunder, 

        (i)    the
Initial Shelf Registration Statement has not been filed on or prior to the Filing Deadline Date, 

        (ii)   the
Initial Shelf Registration Statement has not been declared effective under the Securities Act on or prior to the Effectiveness Deadline Date, 

        (iii)  the
Company has failed to perform its obligations set forth in Section 2(d)(i) within the time period required therein, 

        (iv)  any
post-effective amendment to a Shelf Registration Statement filed pursuant to Section 2(d)(i) has not become effective under the Securities
Act on or prior to the Amendment Effectiveness Deadline Date, 

        (v)   the
aggregate duration of Deferral Periods in any period exceeds the number of days permitted in respect of such period pursuant to Section 3(h) hereof, or 

        (vi)  the
number of Deferral Periods in any period exceeds the number permitted in respect of such period pursuant to Section 3(h) hereof. 

Each
event described in any of the foregoing clauses in Section 2(e)(i) through (vi) is individually referred to herein as an
"Event." For purposes of this Agreement, each Event set forth above shall 

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begin
on the day immediately following each Beginning Date set forth in the table below and shall end on each Ending Date set forth in the table below: 

	Type of

Event by

Clause
	 	Beginning

Date
	 	Ending

Date

	(i)	 	Filing Deadline Date	 	the date the Initial Shelf Registration Statement is filed
	

(ii)	
 	

Effectiveness Deadline Date	
 	

the date the Initial Shelf Registration Statement becomes effective under the Securities Act
	

(iii)	
 	

the date by which the Company is required to perform its obligations under Section 2(d)(i)	
 	

the date the Company performs its obligations set forth in Section 2(d)(i)
	

(iv)	
 	

the Amendment Effectiveness Deadline Date	
 	

the date the applicable post-effective amendment to a Shelf Registration Statement becomes effective under the Securities Act
	

(v)	
 	

the date on which the aggregate duration of Deferral Periods in any period exceeds the number of days permitted by Section 3(h)	
 	

termination of the Deferral Period that caused the limit on the aggregate duration of Deferral Periods to be exceeded
	

(vi)	
 	

the date of commencement of a Deferral Period that causes the number of Deferral Periods to exceed the number permitted by Section 3(h)	
 	

termination of the Deferral Period that caused the number of Deferral Periods to exceed the number permitted by Section 3(h)

        Commencing
on (and including) any date that an Event has begun and ending on (but excluding) the next date on which there are no Events that have occurred and are continuing (a
"Damages Accrual Period"), the Company shall pay, as liquidated damages and not as a penalty, to Record Holders of Registrable Securities an amount (the
"Liquidated Damages Amount") accruing, for each day in the Damages Accrual Period, (i) in respect of any Note, at a rate per annum equal to 0.25%
of the aggregate principal amount of such Note and (ii) in respect of each share of Underlying Common Stock that is a Registrable Security at a rate per annum equal to 0.25% of the Conversion
Price on such date, as the case may be to and including the 90th day following the date of such Event, and at a rate per annum equal to 0.50% thereof with respect to each of
(i) and (ii) of this sentence from and after the 91st day following the date of such Event; provided that in no event shall
the Liquidated Damages Amount accrue at a rate per annum exceeding 0.50% of the principal amount of the aggregate principal amount of such Note or Conversion Price, as the case may be, regardless of
whether one or multiple Events exist; provided further that in the case of a Damages Accrual Period that is in effect solely as a result of an Event of
the type described in Section 2(e)(iii) or (iv), such Liquidated Damages Amount shall be paid only to the Holders (as set forth in the succeeding paragraph) that have delivered Notices
and Questionnaires that caused the Company to incur the obligations set forth in Section 2(d), the non-performance of which is the basis of such Event. In calculating the Liquidated
Damages Amount on shares of Underlying Common Stock on any date on which no Notes are outstanding, the Conversion Price shall be calculated as if the Notes were still outstanding. Notwithstanding the
foregoing, no Liquidated Damages Amount shall accrue as to any Registrable Security from and after the earlier of (x) the date such security is no longer a Registrable Security and
(y) expiration of the Effectiveness Period. The rate of accrual of the Liquidated Damages Amount with respect to any period shall not exceed the rate provided for in this paragraph
notwithstanding the occurrence of multiple concurrent Events. 

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        The Liquidated Damages Amount shall accrue from the first day of the applicable Damages Accrual Period, and shall be payable on each Damages Payment Date during the Damage Accrual Period
(and on the Damages Payment Date next succeeding the end of the Damages Accrual Period if the Damage Accrual Period does not end on a Damages Payment Date) to the Record Holders of the Registrable
Securities entitled thereto; provided that any Liquidated Damages Amount accrued with respect to any Note or portion thereof redeemed by the Company on
a redemption date or converted into Underlying Common Stock on a conversion date prior to the Damages Payment Date, shall, in any such event, be paid instead to the Holder who submitted such Note or
portion thereof for redemption or conversion on the applicable redemption date or conversion date, as the case may be, on such date (or promptly following the conversion date, in the case of
conversion); provided further, that, in the case of an Event of the type described in clause (iii) or (iv) of the first paragraph of this
Section 2(e), such Liquidated Damages Amount shall be paid only to the Holders entitled thereto pursuant to such first paragraph by check mailed to the address set forth in the Notice and
Questionnaire delivered by such Holder. The Trustee shall be entitled, on behalf of registered holders of Notes or Underlying Common Stock, to seek any available remedy for the enforcement of this
Agreement, including for the payment of such Liquidated Damages Amount. Notwithstanding the foregoing, the parties agree that the sole damages payable for a violation of the terms of this Agreement
with respect to which liquidated damages are expressly provided shall be such liquidated damages. Nothing shall preclude any Holder from pursuing or obtaining specific performance or other equitable
relief with respect to this Agreement. 

        All
of the Company's obligations set forth in this Section 2(e) to pay any Liquidated Damages Amount that is outstanding with respect to any Registrable Security at the time such
security ceases to be a Registrable Security shall survive until such time as all such obligations with respect to such security have been satisfied in full (notwithstanding termination of this
Agreement pursuant to Section 8(k)). 

        The
parties hereto agree that the liquidated damages provided for in this Section 2(e) constitute a reasonable estimate of the damages that may be incurred by Holders of
Registrable Securities by reason of the failure of the Shelf Registration Statement to be filed or declared effective or available for effecting resales of Registrable Securities in accordance with
the provisions hereof. 

        SECTION 3.    Registration Procedures.    In connection with the registration obligations of the Company under
Section 2 hereof, during the Effectiveness Period, the Company shall: 

        (a)   Prepare
and file with the SEC a Registration Statement or Registration Statements on any appropriate form under the Securities Act available for the sale of the
Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable 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 with the SEC, the Company shall furnish to the Initial Purchasers and the Special Counsel of such offering, if any, copies of all such documents
substantially in the form proposed to be filed (other than correspondence and supplemental information not directly related to the Holder or the transactions contemplated by the Purchase Agreement) at
least three (3) Business Days prior to the filing of such Registration Statement or amendment thereto or Prospectus or supplement thereto and use commercially reasonable efforts to reflect in
each such document when so filed with the SEC such comments as the Initial Purchasers or the Special Counsel, if any, reasonably shall propose within three (3) Business Days of the delivery of
such copies to the Initial Purchasers and the Special Counsel. 

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        (b)   Subject
to Section 3(h), prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be
necessary to keep such Registration Statement continuously effective for the applicable period specified in Section 2(a); cause the related Prospectus to be supplemented by any required
prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to
comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Registration Statement during the Effectiveness Period in accordance
with the intended methods of disposition by the sellers thereof set forth in such Registration Statement as so amended or such Prospectus as so supplemented. 

        (c)   As
promptly as practicable give notice to the Notice Holders, the Initial Purchasers and the Special Counsel, (i) when any Prospectus, prospectus supplement,
Registration Statement or post-effective amendment to a Registration Statement has been filed with the SEC and, with respect to a Registration Statement or any post-effective
amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any
other federal or state governmental authority for amendments or supplements to any Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC
or any other federal or state governmental authority of any stop order suspending the effectiveness of any Registration Statement or the initiation or threatening of any proceedings for that purpose,
(iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) of the occurrence of, but not the nature of or details concerning, a Material Event and (vi) of the
determination by the Company that a post-effective amendment to a Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required
pursuant to Section 3(h)), state that it constitutes a Deferral Notice, in which event the provisions of Section 3(h) shall apply. 

        (d)   Use
commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or the lifting of any suspension of
the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which
they have been qualified for sale, in either case at the earliest possible moment, and provide immediate notice to each Notice Holder and the Initial Purchasers of the withdrawal of any such order. 

        (e)   As
promptly as practicable furnish to each Notice Holder, the Special Counsel and the Initial Purchasers, upon request and without charge, at least one
(1) conformed copy of the Registration Statement and any amendment thereto, including exhibits and all documents incorporated or deemed to be incorporated therein by reference. 

        (f)    During
the Effectiveness Period, deliver to each Notice Holder, the Special Counsel, if any, and the Initial Purchasers, in connection with any sale of Registrable
Securities pursuant to a Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and
any amendment or supplement thereto as such Notice Holder may reasonably request; and the Company hereby consents (except during such periods that a Deferral Notice is outstanding and has not been
revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder in connection with any offering and sale of the Registrable Securities covered by such Prospectus
or any amendment or supplement thereto in the manner set forth therein. 

        (g)   Prior
to any public offering of the Registrable Securities pursuant to a Registration Statement, use commercially reasonable efforts to register or qualify or cooperate
with the Notice 

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Holders
and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the
securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to
any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption
therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption
therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the
relevant Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign
corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general
service of process in suits or to taxation in any such jurisdiction where it is not then so subject. 

        (h)   Upon
(A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to
the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact (a "Material
Event") as a result of which any Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made,
not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of
the Shelf Registration Statement and the related Prospectus: 

        (i)    in
the case of clause (B) above, subject to the next sentence, as promptly as practicable prepare and file, if necessary pursuant to applicable law, a
post-effective amendment to such Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that
would be incorporated by reference into such Registration Statement and Prospectus so that such Registration Statement does not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, as thereafter delivered to
the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Registration Statement, subject to the next sentence, use
commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and 

        (ii)   give
notice to the Notice Holders, and the Special Counsel, if any, that the availability of the Shelf Registration Statement is suspended (a
"Deferral Notice") and, upon receipt of any Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to the
Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company
that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. 

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The
Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable,
(y) in the case of clause (B) above, as soon as, in the sole judgment of the Company, public disclosure of such Material Event would not be prejudicial to or contrary to the interests of
the Company or, if necessary to avoid unreasonable burden or expense, as soon as practicable thereafter and (z) in the case of clause (C) above, as soon as in the reasonable discretion
of the Company, such suspension is no longer appropriate. The Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf Registration
Statement or any Prospectus, without incurring or accruing any obligation to pay liquidated damages pursuant to Section 2(e), no more than one (1) time in any three month period or three
(3) times in any twelve month period, and any such period during which the availability of the Registration Statement and any Prospectus is suspended (the "Deferral
Period") shall, without incurring any obligation to pay liquidated damages pursuant to Section 2(e), not exceed 30 days;  provided that the aggregate duration of any
Deferral Periods shall not exceed 30 days in any three month period (or 60 days in any three
month period in the event of a Material Event pursuant to which the Company has delivered a second notice as permitted below) or 90 days in any twelve
(12) month period; provided that in the case of a Material Event relating to an acquisition or a probable acquisition or financing,
recapitalization, business combination or other similar transaction, the Company may, without incurring any obligation to pay liquidated damages pursuant to Section 2(e), deliver to Notice
Holders a second notice to the effect set forth above, which shall have the effect of extending the Deferral Period by up to an additional 30 days, or such shorter period of time as is
specified in such second notice. 

        (i)    Cause
the Indenture to be qualified under the Trust Indenture Act of 1939, as amended ("TIA"), in connection with the
registration of the Notes or Registrable Securities, as the case may be, cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be
so qualified in accordance with the terms of the TIA and execute, and use its best efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms
and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner. 

        (j)    If
requested in writing in connection with a disposition of Registrable Securities pursuant to a Registration Statement, make reasonably available for inspection during
normal business hours by a representative for the Notice Holders of such Registrable Securities, any broker-dealers, attorneys and accountants retained by such Notice Holders, and any attorneys or
other agents retained by a broker-dealer engaged by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries,
and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make reasonably available for inspection during normal business hours on reasonable notice all
relevant information reasonably requested by such representative for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is
customary for similar "due diligence" examinations; provided that such persons shall first agree in writing with the Company that any
non-public information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such
information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) in the opinion of Special Counsel, disclosure of such
information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Registration Statement or the use of any prospectus
referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or
(iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement, and provided
further that the foregoing 

11

 

inspection
and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by Special Counsel. Any person
legally compelled to disclose any such confidential information made available for inspection shall provide the Company with prompt prior written notice of such requirement so that the Company may
seek a protective order or other appropriate remedy. 

        (k)   During
the 12-month period commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Registration
Statement, comply with all applicable rules and regulations of the SEC in all material respects and make generally available to its securityholders earning statements (which need not be audited)
satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act), which statements shall be made
available no later than 45 days after the end of such 12-month period or 90 days if such 12-month period coincides with the fiscal year of the Company. 

        (l)    Cooperate
with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold or to be sold pursuant to a
Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in
such names as such Notice Holder may request in writing at least one (1) Business Day prior to any sale of such Registrable Securities. 

        (m)  Provide
a CUSIP number for all Registrable Securities covered by each Registration Statement not later than the effective date of such Registration Statement and provide
the Trustee and the transfer agent for the Common Stock with printed certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company. 

        (n)   Cooperate
and assist in any filings required to be made with the National Association of Securities Dealers, Inc. 

        (o)   Upon
(i) the filing of the Initial Shelf Registration Statement and (ii) the effectiveness of the Initial Shelf Registration Statement, issue a press
release announcing the same, in each case by release to PR Newswire. 

        SECTION 4.    Holder's Obligations.    

        (a)   Each
Holder agrees, by acquisition of the Registrable Securities, that no Holder shall be entitled to sell any of such Registrable Securities pursuant to a Registration
Statement or to receive a Prospectus relating thereto, unless such Holder has furnished the Company with a Notice and Questionnaire as required pursuant to Section 2(d) hereof (including the
information required to be included in such Notice and Questionnaire) and the information set forth in the next sentence. Each Notice Holder agrees promptly to furnish to the Company all information
required to be disclosed in order to make the information previously furnished to the Company by such Notice Holder not misleading and any other information regarding such Notice Holder and the
distribution of such Registrable Securities as the Company may from time to time reasonably request. Any sale of any Registrable Securities by any Holder shall constitute a representation and warranty
by such Holder that the information relating to such Holder and its plan of distribution is as set forth in the Prospectus delivered by such Holder in connection with such disposition, that such
Prospectus does not as of the time of such sale contain any untrue statement of a material fact relating to or provided by such Holder or its plan of distribution and that such Prospectus does not as
of the time of such sale omit to state any material fact relating to or provided by such Holder or its plan of distribution necessary to make the statements in such Prospectus, in the light of the
circumstances under which they were made, not misleading. 

12

 

        (b)   In
the event of a sale of Registrable Securities by the Holder under the Registration Statement, if requested by the Company, the Holder shall deliver to the Company's
transfer agent, with a copy to the Company, a Certificate of Subsequent Sale substantially in the form attached hereto as Exhibit A. 

        SECTION 5.    Registration Expenses.    The Company shall bear all fees and expenses incurred in connection
with the performance by the Company of its obligations under Sections 2 and 3 of this Agreement whether or not any Registration Statement is declared effective. Such fees and expenses shall include,
without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses with respect to (x) filings required to be made with the National Association
of Securities Dealers, Inc. and (y) of compliance with federal and state securities or Blue Sky laws (including, without limitation, reasonable fees and disbursements of the Special
Counsel in connection with Blue Sky qualifications of the Registrable Securities under the laws of such jurisdictions as Notice Holders of a majority of the Registrable Securities being sold pursuant
to a Registration Statement may designate)), (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities in a form eligible for deposit
with The Depository Trust Company), (iii) reasonable duplication expenses relating to copies of any Registration Statement or Prospectus delivered to any Holders hereunder, (iv) fees and
disbursements of counsel for the Company in connection with the Shelf Registration Statement, (v) reasonable fees and disbursements of the Trustee and its counsel and of the registrar and
transfer agent for the Common Stock and (vi) any Securities Act liability insurance obtained by the Company in its sole discretion. In addition, the Company shall pay the internal expenses of
the Company (including, without limitation, all salaries and expenses of officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred
in connection with the listing by the Company of the Registrable Securities on any securities exchange on which similar securities of the Company are then listed and the fees and expenses of any
person, including special experts, retained by the Company. Notwithstanding the provisions of this Section 5, each seller of Registrable Securities shall pay all selling expenses, including but
not limited to any broker's commissions, agency fees, underwriting discount and commissions, transfer taxes and all registration expenses to the extent required by applicable law. 

        SECTION 6.    Indemnification and Contribution.    

        (a)    Indemnification by the Company.    The Company agrees to indemnify and hold harmless each Notice Holder, each
person, if any, who controls any Notice Holder within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of any Notice Holder
within the meaning of Rule 405 under the Securities Act from and against any and all losses, claims, damages and liabilities (including, without limitation, any legal or other expenses
reasonably incurred in connection with defending or investigating any such action or claim) caused by any untrue statement or alleged untrue statement of a material fact contained in any Registration
Statement or any amendment thereof, any preliminary prospectus or the Prospectus (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto), or caused by
any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, not misleading, except insofar as such losses, claims,
damages or liabilities are caused by any such untrue statement or omission or alleged untrue statement or omission based upon information relating to any Holder furnished to the Company in writing by
such Holder expressly for use therein; provided that the indemnification contained in this paragraph shall not inure to the benefit of any Holder (or to
the benefit of any person controlling such Holder or any affiliate of such Holder) on account of any such losses, claims, damages or liabilities caused by any untrue statement or alleged untrue
statement or omission or alleged omission made in any preliminary prospectus provided in each case the Company has performed its obligations under Section 3(f) hereof if either (A) (x)
such Holder failed to send or deliver a copy of the Prospectus with or prior to the delivery of 

13

 

written
confirmation of the sale by such Holder to the person asserting the claim from which such losses, claims, damages or liabilities arise and (y) the Prospectus would have corrected such
untrue statement or alleged untrue statement or such omission or alleged omission, or (B) (x) such untrue statement or alleged untrue statement, omission or alleged omission is corrected in an
amendment or supplement to the Prospectus and (y) having previously been furnished by or on behalf of the Company with copies of the Prospectus as so amended or supplemented, such Holder
thereafter fails to deliver such Prospectus as so amended or supplemented, with or prior to the delivery of written confirmation of the sale of a Registrable Security to the person asserting the claim
from which such losses, claims, damages or liabilities arise. 

        (b)    Indemnification by Holders.    Each Holder agrees severally and not jointly to indemnify and hold harmless the
Company and its directors, its officers and each person, if any, who controls the Company (within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act) or any other Holder, to the same extent as the foregoing indemnity from the Company to such Holder, but only with reference to information relating to such Holder furnished to the Company in
writing by such Holder expressly for use in such Registration Statement or Prospectus or amendment or supplement thereto. In no event shall the liability of any Holder hereunder be greater in amount
than the dollar amount of the proceeds received by such Holder upon the sale of the Registrable Securities pursuant to the Registration Statement giving rise to such indemnification obligation. 

        (c)    Conduct of Indemnification Proceedings.    In case any proceeding (including any governmental investigation)
shall be instituted involving any person in respect of which indemnity may be sought pursuant to Section 6(a) or 6(b) hereof, such person (the "indemnified
party") shall promptly notify the person against whom such indemnity may be sought (the "indemnifying party") in writing and the
indemnifying party, upon request of the indemnified party, shall retain counsel reasonably satisfactory to the indemnified party to represent the indemnified party and any others the indemnifying
party may designate in such proceeding and shall pay the fees and disbursements of such counsel related to such proceeding. In any such proceeding, any indemnified party shall have the right to retain
its own counsel, but the fees and expenses of such counsel shall be at the expense of such indemnified party unless (i) the indemnifying party and the indemnified party shall have mutually
agreed to the retention of such counsel or (ii) the named parties to any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and
representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood that the indemnifying party shall not, in
respect of the legal expenses of any indemnified party in connection with any proceeding or related proceedings in the same jurisdiction, be liable for (i) the fees and expenses of more than
one separate firm (in addition to any local counsel at its standard non-premium rates) for all Notice Holders and all persons, if any, who control any Notice Holder within the meaning of
either Section 15 of the Securities Act or Section 20 of the Exchange Act or who are affiliates of any Notice Holder within the meaning of Rule 405 under the Securities Act and
(ii) the fees and expenses of more than one separate firm (in addition to any local counsel at its standard non-premium rates) for the Company, its directors, its officers and all
persons, if any, who control the Company within the meaning of either such Section, and that all such fees and expenses shall be reimbursed as they are incurred. In the case of any such separate firm
for the Notice Holders and such control persons and such affiliates of any Notice Holders, such firm shall be designated in writing by the Holders of a majority (with Holders of Notes deemed to be the
Holders, for purposes of determining such majority, of the number of shares of Underlying Common Stock into which such Notes are or would be convertible as of the date on which such designation is
made) of the Registrable Securities covered by the Registration Statement held by Holders that are indemnified parties pursuant to Section 6(a). In the case of any such separate firm for the
Company, and such directors, officers and control persons of the Company, such firm 

14

 

shall
be designated in writing by the Company. The indemnifying party shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or
if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment that is
indemnifiable pursuant to Section 6(a) or 6(b), as the case may be. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to
reimburse the indemnified party for fees and expenses of counsel as contemplated by the second and third sentences of this paragraph, the indemnifying party agrees that it shall be liable for any
settlement of any proceeding effected without its written consent if: (i) the indemnifying party shall not have reimbursed the indemnified party in accordance with such request within
30 days of such request, (ii) the indemnified party shall have sent written notice to the indemnifying party (x) notifying the indemnifying party of its failure to reimburse the
indemnified party within 30 days of such request and providing the indemnifying party 15 days from the receipt of such notice to cure the same and (y) indicating the indemnified
party's intent to effect such settlement without the indemnifying party's written consent pursuant to the provisions of this Section 6(c), and (iii) the indemnifying party shall not have
reimbursed the indemnified party within such 15 day period. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any pending or
threatened proceeding in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes
an unconditional release
of such indemnified party from all liability on claims that are the subject matter of such proceeding. 

        (d)    Contribution.    To the extent that the indemnification provided for in Section 6(a) or 6(b) is
unavailable to an indemnified party or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each indemnifying party under such paragraph, in lieu of
indemnifying such indemnified party thereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (i) in such
proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party or parties on the other hand or (ii) if the
allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above
but also the relative fault of the indemnifying party or parties on the one hand and of the indemnified party or parties on the other hand in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative benefits received by the Company shall be deemed to be equal to the total net
proceeds from the initial placement pursuant to the Purchase Agreement (before deducting expenses) of the Registrable Securities to which such losses, claims, damages or liabilities relate. The
relative benefits received by any Holder shall be deemed to be equal to the value of receiving Registrable Securities that are registered under the Securities Act. The relative fault of the Company on
the one hand and the Holders on the other hand shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the Company or by the Holders, and the parties' relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. The Holders' respective obligations to contribute pursuant to this Section 6 are several in proportion to the respective number of Registrable Securities
that they have sold pursuant to a Registration Statement, and not joint. 

        The
parties hereto agree that it would not be just or equitable if contribution pursuant to this Section 6(d) were determined by pro
rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable
considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the 

15

 

immediately
preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6, no indemnifying party that is a selling Holder shall be required to contribute any amount
in excess of the amount by which the total price at which the Registrable Securities sold by it and distributed to the public were offered to the public exceeds the amount of any damages that such
indemnifying party 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
as provided in this Section 6(d) are several and not joint. 

        (e)   The
remedies provided for in this Section 6 are not exclusive and shall not limit any rights or remedies which may otherwise be available to an indemnified party
at law or in equity, hereunder, under the Purchase Agreement or otherwise. 

        (f)    The
indemnity and contribution provisions contained in this Section 6 shall remain operative and in full force and effect regardless of (i) any termination
of this Agreement, (ii) any investigation made by or on behalf of any Holder, any person controlling any Holder or any affiliate of any Holder or by or on behalf of the Company, its officers or
directors or any person controlling the Company and (iii) the sale of any Registrable Securities by any Holder. 

        SECTION 7.    Information Requirements.    The Company covenants that, if at any time before the end of the
Effectiveness Period the Company is not subject to the reporting requirements of the Exchange Act, it will cooperate with any Holder and take such further reasonable action as any Holder may
reasonably request in writing (including, without limitation, making such reasonable representations as any such Holder may reasonably request), all to the extent required from time to time to enable
such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A under the Securities
Act and customarily taken in connection with sales pursuant to such exemptions. Upon the written request of any Holder, the Company shall deliver to such Holder a written statement as to whether it
has complied with such filing requirements, unless such a statement has been included in the Company's most recent report filed pursuant to Section 13 or Section 15(d) of Exchange Act.
Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities (other than the Common Stock) under any section of the Exchange
Act. 

        SECTION 8.    Miscellaneous.    

        (a)    No Conflicting Agreements.    The Company is not, as of the date hereof, a party to, nor shall it, on or after
the date of this Agreement, enter into, any agreement with respect to its securities that conflicts with the rights granted to the Holders in this Agreement. The Company represents and warrants that
the rights granted to the Holders hereunder do not in any way conflict with the rights granted to the holders of the Company's securities under any other agreements. 

        (b)    Amendments and Waivers.    The provisions of this Agreement, including the provisions of this sentence, may not
be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Company has obtained the written consent of Holders of a majority of
the then outstanding Underlying Common Stock constituting Registrable Securities (with Holders of Notes deemed to be the Holders, for purposes of this Section, of the number of outstanding shares of
Underlying Common Stock into which such Notes are or would be convertible as of the date on which such consent is requested). 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 whose securities are being sold 

16

 

pursuant
to a Registration Statement and that does not directly or indirectly affect the rights of other Holders may be given by Holders of at least a majority of the Registrable Securities being sold
by such Holders pursuant to such Registration Statement; provided that the provisions of this sentence may not be amended, modified or supplemented
except in accordance with the provisions of the immediately preceding sentence. Notwithstanding the foregoing two sentences, this Agreement may be amended by written agreement signed by the Company
and the Initial Purchasers, without the consent of the Holders of Registrable Securities, to cure any ambiguity or to correct or supplement any provision contained herein that may be defective or
inconsistent with any other provision contained herein, or to make such other provisions in regard to matters or questions arising under this Agreement that shall not adversely affect the interests of
the Holders of Registrable Securities. Each Holder of Registrable Securities outstanding at the time of any such amendment, modification, supplement, waiver or consent or thereafter shall be bound by
any such amendment, modification, supplement, waiver or consent effected pursuant to this Section 8(b), whether or not any notice, writing or marking indicating such amendment, modification,
supplement, waiver or consent appears on the Registrable Securities or is delivered to such Holder. 

        (c)    Notices.    All notices and other communications provided for or permitted hereunder shall be made in writing
by hand delivery, by telecopier, by courier guaranteeing overnight delivery or by first-class mail, return receipt requested, and shall be deemed given (i) when made, if made by hand delivery,
(ii) upon confirmation, if made by telecopier, (iii) one (1) Business Day after being deposited with such courier, if made by a recognized overnight courier or (iv) on the
date indicated on the notice of receipt, if made by first-class mail, to the parties as follows: 

        (i)    if
to a Holder, at the most current address given by such Holder to the Company in a Notice and Questionnaire or any amendment thereto; 

        (ii)   if
to the Company, to: 

InterMune, Inc.

3280 Bayshore Boulevard

Brisbane, California 94005

Attention: General Counsel

Telecopy No.: (415) 508-0006 

With
a copy to: 

Cooley
Godward LLP

Five Palo Alto Square

3000 El Camino Real

Palo Alto, California 94306

Attention: Suzanne Sawochka Hooper, Esq.

Telecopy No.: (650) 947-9779 

        (iii)  if
to the Initial Purchasers, to: 

Morgan
Stanley & Co. Incorporated

1585 Broadway

New York, New York 10036

Attention: Equity Capital Markets

Telecopy No.: (212) 761-0538 

or
to such other address as such person may have furnished to the other persons identified in this Section 8(c) in writing in accordance herewith. 

        (d)    Approval of Holders.    Whenever the consent or approval of Holders of a specified percentage of Registrable
Securities is required hereunder, Registrable Securities held by the 

17

 

Company
or its affiliates (as such term is defined in Rule 405 under the Securities Act) (other than the Initial Purchasers or subsequent Holders if such subsequent Holders are deemed to be
such affiliates solely by reason of their holdings of such Registrable Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required
percentage. 

        (e)    Successors and Assigns.    Any person who purchases any Registrable Securities from any Initial Purchaser shall
be deemed, for purposes of this Agreement, to be an assignee of such Initial Purchaser. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the
parties and shall inure to the benefit of and be binding upon each Holder of any Registrable Securities, provided that nothing herein shall be deemed to
permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Indenture. If any transferee of any Holder shall acquire Registrable Securities, in any
manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all of the terms of this Agreement, and by taking and holding such Registrable Securities, such
person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and such person shall be entitled to receive the benefits hereof. 

        (f)    Counterparts.    This Agreement may be executed in any number of counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be original and all of which taken together shall constitute one and the same agreement. 

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

        (h)    Governing Law.    THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK. 

        (i)    Severability.    If any term provision, covenant or restriction of this Agreement is held 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 thereby, and the parties hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term,
provision, covenant or restriction, it being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 

        (j)    Entire Agreement.    This Agreement is intended by the parties as a final expression of their agreement and is
intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and the registration rights granted by the
Company with respect to the Registrable Securities. Except as provided in the Purchase Agreement, there are no restrictions, promises, warranties or undertakings, other than those set forth or
referred to herein, with respect to the registration rights granted by the Company with respect to the Registrable Securities. This Agreement supersedes all prior agreements and undertakings among the
parties with respect to such registration rights. No party hereto shall have any rights, duties or obligations other than those specifically set forth in this Agreement. In no event will such methods
of distribution take the form of an underwritten offering of the Registrable Securities without the prior agreement of the Company. 

        (k)    Termination.    This Agreement and the obligations of the parties hereunder shall terminate upon the end of the
Effectiveness Period, except for any liabilities or obligations under Section 4, 5 or 6 hereof and the obligations to make payments of and provide for the Liquidated Damages Amount under
Section 2(e) hereof to the extent such amount accrues prior to the end of the Effectiveness Period, each of which shall remain in effect in accordance with its terms. 

18

 

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

	 	 	INTERMUNE, INC.
	

 	
 	

By:	

/s/  STEPHEN N. ROSENFIELD      
 Name: Stephen N. Rosenfield

Title: Executive Vice President of Legal Affairs

	Confirmed and accepted as of the date first above written:	 
	

MORGAN STANLEY & CO. INCORPORATED

BANC OF AMERICA SECURITIES LLC

CREDIT SUISSE FIRST BOSTON LLC

HARRIS NESBITT CORP.

RBC CAPITAL MARKETS CORPORATION	

 
	

By:	

Morgan Stanley & Co. Incorporated

on behalf of itself and the other Initial Purchasers set forth herein	

 
	

By:	

/s/  BRYAN W. ANDRZEJEWSKI      
 Name:

Title:	

 

19

 
EXHIBIT A  

 CERTIFICATE OF SUBSEQUENT SALE  

Mellon
Investor Services LLC

Overpeck Centre

85 Challenger Road

Ridgefield Park, NJ 07660

Fax: (201) 296-4004 

Attention:            

	RE:
	Sale
of Shares of Common Stock of InterMune, Inc. (the "Company") pursuant to the Company's Prospectus
dated                        , 2004 (the "Prospectus") 

Dear
Sir/Madam: 

        The
undersigned hereby certifies, in connection with the sale of shares of Common Stock of the Company included in the table of Selling Stockholders in the Prospectus, that the
undersigned has sold the Shares pursuant to the Prospectus and in a manner described under the caption "Plan of Distribution" in the Prospectus and that such sale complies with all applicable
securities laws, including, without limitation, the Prospectus delivery requirements of the Securities Act of 1933, as amended. 

Selling
Stockholder (the beneficial owner): 

Record
Holder (e.g., if held in name of nominee): 

Restricted
Stock Certificate No.(s): 

Number
of Shares Sold: 

Date
of Sale: 

20

 

In
the event that you receive a stock certificate(s) representing more shares of Common Stock than have been sold by the undersigned, then you should return to the undersigned a newly issued
certificate for such excess shares in the name of the Record Holder and BEARING A RESTRICTIVE LEGEND. Further, you should place a stop transfer on your records with regard to such certificate. 

	 	 	Very truly yours,
	

 	
 	

By:	

 
	 	 	 	

	

 	
 	

Print Name:	

 
	 	 	 	

	

 	
 	

Title:	

 
	 	 	 	

	Dated:	 	 	 

	cc:
	Investor
Relations

InterMune, Inc.

3280 Bayshore Boulevard

Brisbane, California 94005 

21

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Exhibit 10.1  

 
 

THIRD AMENDMENT TO CREDIT AGREEMENT
  AND CONSENT TO SPECIFIC TRANSACTIONS    
    

        THIS THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT TO SPECIFIC TRANSACTIONS (this "Amendment") is made and entered into as of April 2, 2004, by and among  SUPERIOR ESSEX COMMUNICATIONS LLC, a Delaware limited liability company ("Superior"), ESSEX
GROUP, INC., a Michigan corporation ("Essex") (Superior and Essex being referred to collectively as "Borrowers," and individually as a "Borrower"); various financial
institutions ("Lenders"); FLEET CAPITAL CORPORATION, a Rhode Island corporation with an office at 300 Galleria Parkway, Suite 800, Atlanta, Georgia
30339, in its capacity as collateral and administrative agent for the Lenders (together with its successors in such capacity, "Administrative Agent"); and GENERAL ELECTRIC
CAPITAL CORPORATION, a Delaware corporation, in its capacity as syndication agent for the Lenders (together with its successors in such capacity, "Syndication Agent";
Administrative Agent and Syndication Agent are each hereafter referred to from time to time individually as an "Agent" and collectively as "Agents"). 

Recitals:  

        Borrowers, Lenders and Agents are parties to a certain Credit Agreement, dated November 10, 2003 (as at any time amended, the "Credit Agreement") pursuant
to which Lenders have made certain revolving credit loans and other extensions of credit to Borrowers. Capitalized terms used herein but not defined herein shall have the meaning ascribed thereto in
the Credit Agreement The Credit Agreement has previously been amended by a First Amendment to Credit Agreement, dated February 20, 2004 and a Second Amendment to Credit Agreement and Consent to
Certain transactions, dated March 18, 2004. The parties desire to make additional amendments to the Credit Agreement as hereinafter set forth. 

        Superior
has entered into an Asset Purchase Agreement dated as of March 18, 2004 (the "Belden Purchase Agreement") with Belden Communications Company ("BCC") and Belden
(Canada) Inc. ("Belden-Canada"; together with BCC, the "Seller") pursuant to which Superior proposes to purchase from Seller certain inventory, machinery and equipment and customer contracts of
Seller for a total purchase price of approximately $95,000,000, including, without limitation, the Additional Payment (as such term is defined in the Belden Purchase Agreement). 

        In
addition, Superior and Essex, as joint and several obligors, propose to issue certain unsecured notes in an aggregate principal amount of not less than $250,000,000 but not more than
$275,000,000, to mature on a date in April, 2012 and bearing interest at a rate not to exceed 9.0% per annum (the "Notes"), pursuant to the terms of a certain indenture to be entered into by Superior
and Essex, together with Superior Essex, Inc., Superior Essex Holdings Corp., Essex International, Inc. and certain of their subsidiaries, as guarantors, and the Bank of New York, as
indenture trustee. All of the notes will be senior unsecured obligations of Superior and Essex, ranking equal in right of payment with all other senior unsecured obligations of Superior and Essex. The
net proceeds from the Notes will be used to redeem the New Senior Secured Notes (plus pay the accrued but unpaid interest thereon), to finance the purchase pursuant to the Belden Purchase Agreement
(including related transaction fees and expenses) and for additional working capital purposes, including by reducing the outstanding balance of the Revolver Loans (without reducing the amount of the
Revolver Commitments). 

        Borrowers
seek the consent of Agents and Lenders to the consummation of the transactions contemplated by the Belden Purchase Agreement, the issuance of the Notes, the disposition of the
net proceeds derived from such issuance and the transactions contemplated by the foregoing. 

 

        NOW,
THEREFORE, for TEN DOLLARS ($10.00) in hand paid and other good and valuable consideration, the receipt and sufficiency of which are hereby severally acknowledged, the parties
hereto, intending to be legally bound hereby, agree as follows: 

        1.    Consent to Belden Purchase Agreement.    Notwithstanding anything in the Credit
Agreement to the contrary, Agents and Lenders hereby consent to the execution and delivery of and consummation of the transactions contemplated under the Belden Purchase Agreement in the form
previously delivered to Agents, without material amendment or modification. 

        2.    Consent to Issuance of Notes.    Notwithstanding anything in the Credit Agreement to the
contrary, Agents and Lenders hereby consent to the execution, delivery and performance of the Indenture, the issuance of the Senior Unsecured Notes in an aggregate principal amount of not less than
$250,000,000 but not to exceed $275,000,000 and the disposition of net proceeds thereof as set forth in the Recitals hereto (including, without limitation, the defeasance and subsequent redemption of
the New Senior Secured Notes in full in accordance with the terms of the New Senior Secured Note Indenture). 

        3.    Amendments to Appendix A to Credit Agreement.    Appendix A to the Credit
Agreement is hereby amended as follows: 

        (a)   By
deleting the definition of "Consolidated EBITDA" in its entirety and substituting in lieu thereof the following: 

        Consolidated EBITDA—for any period of Borrowers, on a Consolidated basis (without duplication), an amount equal to the sum for
such fiscal period of (i) Consolidated Adjusted Net Earnings plus (ii) provision for Taxes based on income  plus (iii) Consolidated Interest
Expense, plus (iv) depreciation and amortization  plus (v) other non-cash expenses (including non-cash compensation expenses relating to
restricted stock and stock-option
grants) plus (vi) any non-cash charge attributable to a loss or write-off incurred in connection with the sale, transfer,
disposition or liquidation of Essex's investment in Essex International Ltd. and Temple Electrical Ltd. (or the property and assets thereof), but not to exceed $7,000,000  plus (vii) to
the extent deducted in determining Consolidated Adjusted Net Earnings, any non-recurring charge or restructuring charge
in connection with the implementation of the Plan of Reorganization (including, without limitation, (1) all fees and expenses incurred in connection with the execution, delivery and performance
of the New Senior Secured Note Indenture; (2) payments made to Rothschild Inc. in its capacity as financial advisor to the Debtors; and (3) all other reorganization and
restructuring costs and expenses incurred prior to the Effective Date); plus (viii) plus fees and expenses (including any signing bonus and the
fees and expenses of any executive search firm) in respect of the retention of a Chief Executive Officer of New Parent and the selection of the members of the Board of Directors of New Parent  plus
(ix) fees and expenses (including SEC filing fees, New York Stock Exchange or other exchange or market listing fees and related professional
fees) incurred in connection with the initial filing on Form 10 of New Parent and the other filings required to be made by New Parent pursuant to (1) the Registration Rights Agreement,
dated the Closing Date, entered into by and among New Parent, the New Senior Secured Noteholders and the other signatories thereto with respect to the common stock of New Parent and (2) the
Registration Rights Agreement dated the Closing Date entered into by and among Superior, Essex, the other signatories thereto and certain holders of the New Senior Secured Notes with respect to the
New Senior Secured Notes; provided that for purposes of this definition the amount of clauses (vii) through (ix), including all accrued but
unpaid expenses referred to therein as of the Closing Date and all such expenses accrued and paid after the Closing Date, shall not exceed $16,000,000 in the aggregate,  plus (x) non-recurring fees,
expenses and charges incurred in connection with the (i) the acquisition contemplated under the
Belden 

2

 

Purchase
Agreement, (ii) the issuance of the Senior Unsecured Notes, (iii) the redemption of the New Senior Secured Notes, (iv) the shelf registration or registration on
Form S-4 of the Senior Unsecured Notes, and (v) the Second Amendment and the Third Amendment, provided the fees, charges and expenses under this clause (x) shall not
exceed $15,000,000 in the aggregate, of which no more than $10,000,000 shall be comprised of cash fees, expenses or charges. 

        (b)   By
deleting the definition of "Domestic Subsidiary" in its entirety and substituting in lieu thereof the following: 

        Domestic Subsidiary—a Subsidiary or a Borrower (other than a Subsidiary that is a Borrower or IP Licensing LLC) that is
incorporated under the laws of a state of the United States or the District of Columbia. 

        (c)   By
deleting the word "and" immediately prior to clause (xiv) in the definition of "Eligible Inventory," placing a semi-colon in lieu of a period at
the end of clause (xiv) of that definition, and following the semi-colon adding the following: "and (xv) if the Inventory consists of Belden Inventory, such Inventory is
Eligible Belden Inventory." 

        (d)   By
deleting the reference to "$15,000,000" in clause (i) of the definition of "Foreign Venture Investment" and substituting in lieu thereof a reference to
"$30,000,000". 

        (e)   By
deleting the reference to "$25,000,000" in clause (ii) of the definition of "LC Conditions" and substituting therefore a reference to "$35,000,000". 

        (f)    By
deleting the definition of "Permitted Distribution" in its entirety and substituting in lieu thereof the following: 

        Permitted Distribution—a Distribution that is (i) a dividend or other Distribution by a Borrower directly or indirectly
to New Subsidiary, the proceeds of which are used by a New Subsidiary to make payment of dividends with respect to the New Subsidiary Preferred Stock; (ii) Distributions by Subsidiaries of New
Subsidiary to New Subsidiary made for the purpose of reimbursement or payment of fees and expenses incurred in the Ordinary Course of Business, including franchise taxes and similar costs;
(iii) Distributions by Subsidiaries of New Parent to New Parent solely for the purpose of paying foreign Taxes owed by New Parent and its Consolidated Subsidiaries; (iv) Distributions
made by Subsidiaries of New Parent to New Parent made for the purpose of reimbursement or payment of fees and expenses of New Parent incurred in the Ordinary Course of Business, including
(x) franchise taxes and similar costs, (y) any such Subsidiaries' proportionate share of any fees and expenses payable to directors of New Parent and (z) insurance premiums in
respect of directors' and officers' liability insurance, and other costs and expenses in connection with New Parent's status as a publicly traded company (including, without limitation, fees and
expenses of professional and regulatory compliance); (v) Distributions made by Subsidiaries of New Parent to New Parent made for the purpose of reimbursement or payment of corporate employees
of New Parent; (vi) Distributions made by Subsidiaries of New Parent to New Parent made for the purpose of reimbursement or payment of the exercise price under warrants to purchase shares of
the common stocks of Essex Electric Inc., provided that no Default or Event of Default exists at the time of or after giving effect to any such
Distribution; (vii) dividends or other payments provided for in the Plan of Reorganization; and (viii) the redemption of any of the New Subsidiary Preferred Stock, provided that, both at
the time of such redemption and after giving effect thereto, (x) Availability is not less than $35,000,000, (y) no Default or Event of Default exists and (z) for the
30-day period immediately preceding such redemption Average Availability was at least $35,000,000. 

3

 

        (g)   By
adding the following new definitions to Appendix A to the Credit Agreement: 

        Belden Inventory—Inventory acquired pursuant to the Belden Purchase Agreement. 

        Belden Purchase Agreement—the Asset Purchase Agreement dated as of March 18, 2004, among Superior, as purchaser, and
Belden Communications Company and Belden (Canada) Inc. 

        Eligible Belden Inventory—Belden Inventory which is not excluded from qualification as Eligible Inventory by virtue of any of
clauses (i) through (xiv) of the definition of Eligible Inventory and which is adequately insured in accordance with the terms of the Agreement, is located in either the Belden
Communications Company facility in Phoenix, Arizona (and with respect to which Administrative Agent shall have completed a satisfactory field examination) or a warehouse facility in South Carolina
owned or leased by a Borrower, and, in the case of the Phoenix facility, the owner thereof has executed in favor of Administrative Agent a Lien Waiver. 

        Indenture—the Indenture, to be entered into in the month of April, 2004, among Borrowers, Superior Essex Inc., Superior
Essex Holdings Corp., Essex International Inc. and certain Subsidiaries of Borrowers, and The Bank of New York, as trustee. 

        Second Amendment—the Second Amendment to Credit Agreement, dated March 18, 2004, among Borrowers, Agents and Lenders. 

        Senior Unsecured Notes—the "Notes" issued by Borrowers pursuant to and as defined in the Indenture in the original principal
amount of $275,000,000 and such term shall include any "Exchange Notes" issued in exchange therefor pursuant to an exchange offer as contemplated by the Indenture. 

        Third Amendment—the Third Amendment to Credit Agreement and Consent to Certain Transactions, dated as of April 2, 2004,
among Borrowers, Agents and Lenders. 

        4.    Amendment to Credit Agreement.    The Credit Agreement is hereby amended as follows: 

        (a)   By
deleting clause (xiii) of Section 9.2.3 thereof in its entirety and by substituting in lieu thereof the
following: 

      (xiii)  Debt
for Money Borrowed issued or incurred in connection with (a) Permitted Acquisitions and referred to in clause (h) of such definition and
(b) the Indenture (including the Senior Unsecured Notes); 

        (b)   By
deleting Section 9.2.9 thereof in its entirety and by substituting in lieu thereof the following: 

        9.2.9    Capital Expenditures.    Make Capital Expenditures (including expenditures by way of capitalized leases to
the extent such expenditures are treated as Capital Expenditures in accordance with GAAP which, in the aggregate as to all Borrowers and their Subsidiaries, exceed (i) $5,000,000 for the period
from the Closing Date through December 31, 2003, (ii) $20,000,000 during Borrowers' Fiscal Year 2004 and (iii) $22,500,000 during any Fiscal Year of Borrowers thereafter;  provided,
however, that the amount of permitted Capital Expenditures for any Fiscal Year described above
will be increased by the sum of (i) the amount (if any) equal to the difference obtained by subtracting from the Capital Expenditures limit specified above (without giving effect to this
proviso) for the immediately preceding Fiscal Year the actual amount of Capital Expenditures during such preceding Fiscal Year and (ii) an amount equal to $4,000,000 per Fiscal Year (the "CapEx
Addition") for so long as at the time of or after giving effect to the making of any such CapEx Addition (A) no Event of 

4

 

Default
exists and (B) Availability is not less than $20,000,000 at all times during any Fiscal Quarter in which such CapEx Addition is made. 

        (c)   By
deleting Section 9.2.10 thereof in its entirety and by substituting in lieu thereof the following: 

        9.2.10.    Disposition of Assets.    Sell, assign, lease, consign or otherwise dispose of any of its Properties or any
interest therein, including any disposition of Property as part of a sale and leaseback or synthetic lease transaction, to or in favor of any Person, except (i) sales of Inventory in the
Ordinary Course of Business, (ii) dispositions of Equipment to the extent authorized by Section 7.4.2 hereof, (iii) a transfer of
Property to a Borrower by a Subsidiary or by a Borrower to a Subsidiary Guarantor or by a Borrower to another Borrower, (iv) non-exclusive licenses of technology and other
Intellectual Property by and among any Borrower and any of its Subsidiaries, (v) other dispositions expressly authorized by other provisions of the Loan Documents, (vi) Permitted
Consigned Inventory, (vii) Permitted Real Estate Dispositions, (viii) dispositions of duplicate, surplus or obsolete Equipment as a consequence of the Belden Purchase Agreement having an
aggregate fair value not to exceed $5,000,000, and (ix) dispositions of Property referred to on Schedule 9.2.10. 

        (d)   By
adding a new Section 11.1.19 to the Credit Agreement at the appropriate numerical location to provide as
follows: 

        11.1.19.    Senior Unsecured Note and Indenture.    Any event of default shall occur and continue to exist beyond any
applicable grace or any cure period under the Senior Unsecured Notes or the Indenture. 

        5.    Application of Proceeds.    Each Borrower covenants and agrees that it shall utilize the
proceeds of the Senior Unsecured Notes solely for the purposes set forth in the Recitals to this Amendment. 

        6.    Payment of Certain Fees and Expenses.    Each Borrower represents and warrants to Agents
and Lenders that, of the $16,000,000 referenced in the proviso contained in the definition of "Consolidated EBITDA", not less than $11,634,000 of such amount has been expensed and properly reflected
on Borrowers' books and records on or before the date of this Amendment. 

        7.    Ratification and Reaffirmation.    Each Borrower hereby ratifies and reaffirms the
Obligations, each of the Loan Documents and all of such Borrower's covenants, duties, indebtedness and liabilities under the Loan Documents. 

        8.    Reference to Credit Agreement.    Upon the effectiveness of this Amendment, each
reference in the Credit Agreement to "this Agreement," "hereunder," or words of like import shall mean and be a reference to the Credit Agreement, as amended by this Amendment. 

        9.    Expenses of Agents.    Borrowers agree to pay, on
demand, all costs and expenses incurred by Agents in connection with the preparation, negotiation and execution of this Amendment and any other Loan Documents executed pursuant
hereto and any and all amendments, modifications, and supplements thereto, including, without limitation, the reasonable costs and fees of Agents' legal counsel and any taxes or expenses associated
with or incurred in connection with any instrument or agreement referred to herein or contemplated hereby. 

        10.    Effectiveness of Certain Provisions.    The effectiveness of  Sections 3 and 4 of this Amendment are subject to the issuance of the Notes under the Indenture. 

        11.    Miscellaneous.    This Amendment shall be effective upon acceptance by Agents and
Lenders, whereupon the same shall be governed by and construed in accordance with the internal laws of the State of Georgia. This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. This Amendment may be executed in any number of 

5

 

counterparts
and by different parties to this Amendment on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the
same agreement. Any signature delivered by a party by facsimile transmission shall be deemed to be an original signature hereto. Section titles and references used in this Amendment shall be without
substantive meaning or content of any kind whatsoever and are not a part of the agreements among the parties hereto. 

        12.    No Novation, etc.    Except as otherwise expressly provided in this Amendment, nothing
herein shall be deemed to amend or modify any provision of the Credit Agreement or any of the other Loan Documents, each of which shall remain in full force and effect. This Amendment is not intended
to be,
nor shall it be construed to create, a novation or accord and satisfaction, and the Credit Agreement as herein modified shall continue in full force and effect. 

        13.    Waiver of Jury Trial.    To the fullest extent permitted by
applicable law, the parties hereto each hereby waives the right to trial by jury in any action, suit, counterclaim or proceeding arising out of or related to this Amendment. 

6

 

        IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal and delivered by their respective duly authorized officers on the date first written
above. 

	 	 	BORROWERS:
	
ATTEST:	
 	
SUPERIOR ESSEX COMMUNICATIONS LLC
	

/s/  TRACYE GILLELAND      
	
 	

By:	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	 	Title:	 	Senior Vice President and CFO

	[COMPANY SEAL]	 	 	 	 	 
	

ATTEST:	
 	
ESSEX GROUP, INC.
	

/s/  TRACYE GILLELAND      
	
 	

By:	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	 	Title:	 	Senior Vice President and CFO

	[CORPORATE SEAL]	 	 	 	 	 

[Signatures
continued on next page] 

7

 

	 	 	LENDERS:
	

Revolver Commitment: $60,000,000.00	
 	
FLEET CAPITAL CORPORATION
	

 	
 	

By:	

/s/  GLENN LITTLE      

	 	 	 	Title:	 	Senior Vice President

	

Revolver Commitment: $60,000,000.00	
 	
GENERAL ELECTRIC CAPITAL CORPORATION
	

 	
 	

By:	

/s/  CURTIS J. CORREA      

	 	 	 	Title:	 	Duly Authorized Signatory

	

Revolver Commitment: $30,000,000.00	
 	
WACHOVIA BANK, NATIONAL ASSOCIATION
	

 	
 	

By:	

/s/  DANIEL L. DENTON      

	 	 	 	Title:	 	Director

[Signatures
continued on next page] 

8

 

	 	 	ADMINISTRATIVE AGENT:
	

 	
 	
FLEET CAPITAL CORPORATION, as Administrative Agent
	

 	
 	

By:	

/s/  GLENN LITTLE      

	 	 	 	Title:	 	Senior Vice President

	

 	
 	
SYNDICATION AGENT:
	

 	
 	
GENERAL ELECTRIC CAPITAL CORPORATION, as Syndication Agent
	

 	
 	

By:	

/s/  CURTIS J. CORREA      

	 	 	 	Title:	 	Duly Authorized Signatory

9

CONSENT AND REAFFIRMATION  

        Each of the undersigned guarantors of the Obligations of Borrowers at any time owing to Agents and Lenders hereby (i) acknowledges receipt of a copy of the
foregoing Third Amendment to Credit Agreement and Consent to Certain Transactions; (ii) consents to Borrowers' execution and delivery thereof; (iii) agrees to be bound thereby; and
(iv) affirms that nothing contained therein shall modify in any respect whatsoever its guaranty of the Obligations and reaffirms that such guaranty is and shall remain in full force and effect. 

        IN
WITNESS WHEREOF, the undersigned has executed this Consent and Reaffirmation as of the date of such Third Amendment to Credit Agreement and Consent to Certain Transactions. 

	ATTEST:	 	SUPERIOR ESSEX INC.
	

/s/  T. C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 
	

ATTEST:	
 	
SUPERIOR ESSEX HOLDING CORP.
	

/s/  T.C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 
	

ATTEST:	
 	
ESSEX INTERNATIONAL INC.
	

/s/  T.C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 
	

ATTEST:	
 	
ESSEX GROUP, INC.
	

/s/  T.C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 

[Signatures
continued on next page] 

	ATTEST:	 	ESSEX SERVICES, INC.
	

/s/  T.C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 
	

ATTEST:	
 	
ESSEX TECHNOLOGY, INC.
	

/s/  T. C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 
	

ATTEST:	
 	
ESSEX MEXICO HOLDINGS, L.L.C.
	

/s/  T. C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[COMPANY SEAL]	 	 	 	 
	

ATTEST:	
 	
ESSEX WIRE CORPORATION
	

/s/  T.C. GILLELAND      
	
 	

By:	
 	

/s/  DAVID S. ALDRIDGE      

	Secretary	 	Title: Senior Vice President and CFO
	[CORPORATE SEAL]	 	 	 	 

QuickLinks

THIRD AMENDMENT TO CREDIT AGREEMENT AND CONSENT TO SPECIFIC TRANSACTIONS

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