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Exhibit 4.2    
    

THIS
SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. 

THE
HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT),
(B) IT IS A NON-U.S. PURCHASER AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF REGULATION S UNDER THE U.S. SECURITIES ACT, OR (C) IT IS AN
INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE U.S. SECURITIES ACT AND (2) AGREES TO OFFER, SELL OR OTHERWISE
TRANSFER SUCH SECURITY, PRIOR TO THE DATE WHICH IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF
THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER
THE U.S. SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE
144A UNDER THE U.S. SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE
144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PURCHASERS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE U.S. SECURITIES ACT, (E) TO AN
INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE U.S. SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN
ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
U.S. SECURITIES ACT OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT, SUBJECT TO THE COMPANY'S AND THE TRUSTEE'S, OR TRANSFER
AGENT'S, AS APPLICABLE, RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E), OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM
AND IN EACH OF THE FOREGOING CASES, A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED BY THE TRANSFEROR TO THE TRUSTEE OR TRANSFER AGENT. 

THIS
NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE
IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE
(OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE
REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK TO THE ISSUER OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK (AND ANY PAYMENT IS MADE
TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED), HAS AN INTEREST HEREIN. 

2

 
ALTRA INDUSTRIAL MOTION, INC.  

 111/4% SENIOR NOTES DUE 2013  

	ISIN No. XS0243854691

Common Code 24385469	 	U.K.£33,000,000	 	Initial Aggregate Principal Balance
	Certificate No. Q-1	 	U.K.£5,500,000	 	Initial Principal Balance of this Certificate

        Altra
Industrial Motion, Inc., a Delaware corporation (the "Company," which term includes any successor entity), for value received
promises to pay to THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) or registered assigns the principal sum of up to THIRTY-THREE MILLION AND 00/100 Pounds Sterling (U.K.£33,000,000),
initial issuance of FIVE MILLION FIVE HUNDRED THOUSAND AND 00/100 Pounds Sterling (U.K.£5,500,000) (or such principal amount at maturity as may be set forth in the records of the Trustee
hereinafter referred to in accordance with the Indenture) on February 15, 2013 and to pay interest thereon as hereinafter set forth. 

        Interest
Rate: 111/4% 

        Interest
Payment Dates: February 15 and August 15, commencing August 15, 2006. 

        Record
Dates: February 1 and August 1 

        Reference
is made to the further provisions of this Note contained on the reverse side of this Note, which will for all purposes have the same effect as if set forth at this place. 

[Signature page follows] 

3

 

        IN
WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by its duly authorized officer. 

	

 	
 	

ALTRA INDUSTRIAL MOTION, INC.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT       
 Name: Michael L. Hurt

Title: Chief Executive Office

Dated:
February 8, 2006 

4

 
TRUSTEE CERTIFICATE OF AUTHENTICATION  

        This is one of the 111/4% Senior Notes due 2013 referred to in the within-mentioned Indenture. 

	

 	
 	

THE BANK OF NEW YORK, as Trustee
	

Dated: February 8, 2006	
 	

By:	
 	

/s/  LUIS PEREZ      
 Name: Luis Perez

Authorized Signatory

5

   (REVERSE OF SECURITY)  

 111/4% SENIOR NOTES DUE 2013  

        1.    Interest.    

        Altra
Industrial Motion, Inc., a Delaware corporation (the "Issuer"), promises to pay interest on the principal amount of this Note
at the rate per annum shown above. Interest on the Notes will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from and including the date of
issuance. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 15, 2006. Interest will be computed on the basis of a
360-day year comprised of twelve 30-day months. 

        2.    Method of Payment.    

        The
Issuer shall pay interest on the Notes to the Persons who are the registered Holders at the close of business on the Record Date immediately preceding the Interest Payment Date even
if the Notes are cancelled on registration of transfer or registration of exchange after such Record Date, and on or before such Interest Payment Date. Holders must surrender Notes to a Paying Agent
to collect principal payments. The Issuer shall pay principal and interest in money of the United Kingdom that at the time of payment is legal tender for payment of public and private debts
("U.K. Legal Tender"). However, the Issuer may pay principal and interest by check payable in such U.K. Legal Tender. The Issuer may deliver any such
interest payment to the Paying Agent or to a Holder at the Holder's registered address. 

        3.    Paying Agent and Registrar.    

        Initially,
The Bank of New York (the "Trustee") will act as Registrar and as paying agent in the City of New York (the
"Principal Paying Agent") and The Bank of New York (Luxembourg) S.A. will act as paying agent in Luxembourg (the "Luxembourg
Paying Agent" and, together with the Principal Paying Agent, the "Paying Agent"). The Issuer may change any Paying Agent,
Registrar or co-Registrar without notice to the Holders. 

        4.    Indenture.    

        The
Notes and the Guarantees were issued under an Indenture, dated as of February 8, 2006, by and among the Issuer, the Guarantors named therein, the Trustee and Principal Paying
Agent and the Luxembourg Paying Agent (the "Indenture"). The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the U.S. Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) (the "U.S. TIA"), as
in effect on the date of the Indenture until such time as the Indenture is qualified under the U.S. TIA, and thereafter as in effect on the date on which the Indenture is qualified under the U.S. TIA.
Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to in the Indenture and the U.S. TIA for a statement of such terms. The
Notes are senior unsecured obligations of the Issuer. Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the Indenture, as the same may be amended from time to
time. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. 

        5.    Redemption on or After February 15, 2010.    

        (a)    Optional Redemption.    Except as described below, the Notes are not redeemable before February 15,
2010. On or after February 15, 2010, the Company may redeem the Notes, at its option, in whole or in part, upon not less than 30 nor more than 60 days' notice, at the following
redemption 

6

 

prices
(expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on February 15 of the year set forth below: 

	Year
 
	 	Percentage
	 
	2010	 	105.625	%
	2011	 	102.813	%
	2012 and thereafter	 	100.000	%

        In
addition, the Company must pay accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed to the date of redemption (subject to the right of the Holders of the
relevant record date to receive interest due on the relevant interest payment date). 

        (b)    Optional Redemption upon Equity Offerings.    In addition, at any time, or from time to time, until
February 15, 2009, the Company may, at its option, use an amount not to exceed the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the aggregate principal amount of the
Notes (which includes Additional Notes, if any) originally issued under the Indenture at a redemption price of 111.25% of the aggregate principal amount thereof, plus accrued and unpaid interest and
Additional Interest, if any, to the date of redemption; provided that: 

        (1)   at
least 65% of the original principal amount of Notes (which includes Additional Notes, if any) issued under the Indenture remains outstanding immediately after any
such redemption; and 

        (2)   the
Company makes such redemption not more than 120 days after the consummation of any such Equity Offering. 

        (c)    Notice of Redemption.    Notice of redemption will be mailed by first-class mail at least 30 days but
not more than 60 days before the redemption date to each Holder of Notes to be redeemed at such Holder's registered address. If fewer than all of the Notes are to be redeemed, at any time,
selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal U.S. or foreign securities exchange, if any, on which the Notes are listed, or, if
the Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee reasonably determines to be fair and appropriate;  provided that
no partial redemption will reduce the principal amount of a Note not redeemed to a denomination of less than £50,000; and
provided, further, that any such
partial redemption made with the proceeds of an Equity Offering will be made only on a pro rata basis or on as nearly a pro
rata basis as practicable (subject to the procedures of Euroclear or Clearstream or any other depository) unless such method is otherwise prohibited. Notes in denominations of
£50,000 or more may be redeemed in part. 

        Except
as set forth in the Indenture, if monies for the redemption of the Notes called for redemption shall have been deposited with the Paying Agent for redemption on such redemption
date sufficient to pay such redemption price plus accrued and unpaid interest and Additional Interest, if any, the Notes called for redemption will cease to bear interest from and after such
redemption date, and the only remaining right of the Holders of such Notes will be to receive payment of the redemption price plus accrued and unpaid interest and Additional Interest, if any, as of
the redemption date upon surrender to the Paying Agent of the Notes redeemed. 

        6.    Offers to Purchase.    

        Sections
4.10 and 4.19 of the Indenture provide that after certain Asset Sales and upon the occurrence of a Change of Control and subject to further limitations contained therein, the
Issuer will make an offer to purchase the Notes in accordance with the procedures set forth in the Indenture. 

7

 

        7.    Registration Rights.    

        Pursuant
to the Registration Rights Agreement among the Issuer, the Guarantors and the Initial Purchasers, the Issuer will be obligated to consummate an exchange offer. Upon such
exchange offering, the Holders of the Initial Notes shall have the right, subject to compliance with securities laws, to exchange such Initial Notes for Notes, which have been registered under the
U.S. Securities Act, in like principal amount and having terms identical in all material respects to the Initial Notes. The Holders of the Initial Notes shall be entitled to receive certain Additional
Interest payments in the event such exchange offer is not consummated and upon certain other conditions, all pursuant to and in accordance with the terms of the Registration Rights Agreement. 

        8.    Denominations; Transfer; Exchange.    

        The
Notes are in registered form, without coupons, in denominations of £50,000 and integral multiples of £1,000 in excess thereof. A Holder shall register the
transfer of or exchange of Notes in accordance with the Indenture. The Registrar may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and to pay any taxes, fees or similar governmental charges payable in connection therewith as permitted by the Indenture. The
Registrar need not register the transfer of or exchange of any Notes or portions thereof selected for redemption. 

        9.    Persons Deemed Owners.    

        The
registered Holder of a Note shall be treated as the owner of such Note for all purposes. 

        10.    Unclaimed Money.    

        If
money for the payment of principal or interest remains unclaimed for two years, the Trustee and the Paying Agent may pay the money without interest thereon back to the Issuer. After
that, all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

        11.    Discharge Prior to Redemption or Maturity.    

        If
the Issuer at any time deposits with the Trustee U.K. Legal Tender or Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or Maturity and
complies with the other provisions of the Indenture relating thereto, the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, except for
the rights of Holders to receive payments in respect of the principal of, and premium, if any, interest and Additional Interest, if any, on the Notes when such payments are due from the deposits
referred to above. 

        12.    Amendment; Supplement; Waiver.    

        Subject
to certain exceptions, the Indenture, the Notes or the Guarantees may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate
principal amount of the Notes then outstanding, and any existing Default or Event of Default or noncompliance with any provision may be waived with the written consent of the Holders of a majority in
aggregate principal amount of the Notes then outstanding. Without consent of any Holder, the parties thereto may amend or supplement the Indenture, the Notes or the Guarantees to, among other things,
cure any ambiguity, defect or inconsistency, provide for uncertificated Notes or Guarantees in addition to or in place of certificated Notes or Guarantees, comply with the U.S. TIA, or comply with
Article Five of the Indenture or make any other change that does not adversely affect in any material respect the rights of any Holder of a Note. 

        13.    Restrictive Covenants.    

        The
Indenture imposes certain limitations on the ability of the Issuer and the Restricted Subsidiaries to, among other things, incur additional Indebtedness or Liens, make payments in
respect of their Capital Stock or certain Indebtedness, enter into transactions with Affiliates, create dividend or 

8

 

other
payment restrictions affecting Subsidiaries, merge or consolidate with any other Person, sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets.
Such limitations are subject to a number of important qualifications and exceptions. The Issuer must annually report to the Trustee on compliance with such limitations. 

        14.    Successors.    

        When
a successor assumes, in accordance with the Indenture, all the obligations of its predecessor under the Indenture, the Notes and the Guarantees, the predecessor will be released
from those obligations. 

        15.    Defaults and Remedies.    

        If
an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding may declare all the Notes to be
due and payable in the manner, at the time and with the effect provided in the Indenture. Holders of Notes may not enforce the Indenture except as provided in the Indenture. The Trustee is not
obligated to enforce the Indenture or the Notes unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in
aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of any continuing Default or
Event of Default (except a Default in payment of principal or interest) if it determines that withholding notice is in their interest. 

        16.    Trustee Dealings with Issuer.    

        Subject
to the terms of the U.S. TIA and the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of the Notes and may
otherwise deal with the Issuer, the Subsidiaries or their respective Affiliates as if it were not the Trustee. 

        17.    No Recourse Against Others.    

        No
past, present or future stockholder, director, officer, employee or incorporator, as such, of the Issuer or the Guarantors shall have any liability for any obligation of the Issuer
under the Notes, the Guarantees or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of a Note by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

        18.    Guarantees.    

        Payment
of principal, premium, if any, and interest and Additional Interest, if any, is unconditionally guaranteed, jointly and severally, by each of the Guarantors. 

        19.    Authentication.    

        This
Note shall not be valid until the Trustee or Authenticating Agent manually signs the certificate of authentication on this Note. 

        20.    Governing Law.    

        THE
LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS NOTE, THE GUARANTEES AND THE INDENTURE, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. 

        21.    Waiver of Jury Trial.    

        Each
of the parties hereto and the holders (by their acceptance of the Note) hereby irrevocably waives, to the fullest extent permitted by law, any and all right to trial by jury in any
action or 

9

 

proceeding
arising out of or in connection with the Indenture, this Note, the Guarantees or the transactions contemplated by the Indenture. 

        22.    Abbreviations and Defined Terms.    

        Customary
abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint
tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

        The
Issuer will furnish to any Holder of a Note upon written request and without charge a copy of the Indenture. Requests may be made to: Altra Industrial Motion, Inc., 14 Hayward
Street, Quincy, Massachusetts 02171. 

10

   GUARANTEE  

        Each of the undersigned and their respective successors under the Indenture (collectively, the "Guarantors") has
jointly and severally with each of the other Guarantors, irrevocably and unconditionally guaranteed, on a senior unsecured basis to the extent set forth in the Indenture, dated as of
February 8, 2006, by and among the Issuer, the Guarantors, The Bank of New York, as Trustee and Principal Paying Agent, and The Bank of New York (Luxembourg) S.A., as Luxembourg Paying Agent
(the "Indenture"), (i) the due and punctual payment of the principal of, premium, if any, and interest and Additional Interest, if any, on the
Notes, whether at maturity, by acceleration or otherwise, and the due and punctual performance of all other obligations of the Issuer to the Holders or the Trustee all in accordance with the terms set
forth in Article Ten of the Indenture and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full
when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Capitalized terms used herein have the meanings assigned to
them in the Indenture unless otherwise indicated. 

        THE
OBLIGATIONS OF THE UNDERSIGNED TO HOLDERS OF THE NOTES AND TO THE TRUSTEE PURSUANT TO THIS NOTATION OF GUARANTEE (THE "GUARANTEE") AND THE INDENTURE ARE EXPRESSLY SET FORTH IN
ARTICLE TEN OF THE INDENTURE AND REFERENCE IS HEREBY MADE TO THE INDENTURE FOR THE PRECISE TERMS OF THE GUARANTEE AND ALL OTHER PROVISIONS OF THE INDENTURE TO WHICH THE GUARANTEE RELATES. EACH HOLDER
OF A NOTE, BY ACCEPTING THE SAME, (A) AGREES TO AND SHALL BE BOUND BY SUCH PROVISIONS AND (B) APPOINTS THE TRUSTEE ATTORNEY-IN-FACT FOR SUCH HOLDER FOR SUCH
PURPOSES. 

        THIS
GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

11

 

        IN
WITNESS WHEREOF, each Guarantor has caused its Guarantee to be duly executed. 

	

 	
 	

AMERICAN ENTERPRISES MPT CORP.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

AMERICAN ENTERPRISES MPT HOLDINGS, LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

AMERIDRIVES INTERNATIONAL, LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

BOSTON GEAR LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

FORMSPRAG LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

KILIAN MANUFACTURING CORPORATION
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	 	 	 	 	 

12

 

	

 	
 	

NUTTALL GEAR LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

THE KILIAN COMPANY
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC INTERNATIONAL HOLDING, INC.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC TECHNOLOGY LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer

13

   ASSIGNMENT FORM  

        If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: 

I
or we assign and transfer this Note to: 

(Print or type name, address and zip code and

social security or tax ID number of assignee) 

	

and irrevocably appoint	
 	

	agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him.

	

Dated:	
 	

 	
 	

Signed:	
 	

 
	 	 	
	 	 	 	
 (Sign exactly as your name appears on the other side of this Note)

	

Signature Guarantee:	
 	

 	
 	

 
	 	 	
	 	 

        In
connection with any transfer of this Note occurring prior to the date which is the earlier of (i) the date of the declaration by the SEC of the effectiveness of a registration
statement under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), covering resales of this Note (which effectiveness shall not
have been suspended or terminated at the date of the transfer) and (ii) February 8, 2008, the undersigned confirms that it has not utilized any general solicitation or general
advertising in connection with the transfer and that this Note is being transferred: 

[Check One]

	(1)	 	o	 	to the Issuer or a subsidiary thereof; or
	

(2)	
 	

o	
 	

pursuant to and in compliance with Rule 144A under the U.S. Securities Act; or
	

(3)	
 	

o	
 	

to an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) under the U.S. Securities Act) that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of
which letter can be obtained from the Trustee); or
	

(4)	
 	

o	
 	

outside the United States to a person other than a "U.S. person" in compliance with Rule 904 of Regulation S under the U.S. Securities Act; or
	

(5)	
 	

o	
 	

pursuant to the exemption from registration provided by Rule 144 under the U.S. Securities Act; or
	

(6)	
 	

o	
 	

pursuant to an effective registration statement under the U.S. Securities Act.

Unless
one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof;  provided that if box
(3), (4) or (5) is checked, the Issuer or the Trustee may require, prior to registering any such transfer of the
Notes, in its sole discretion, such legal opinions, certifications (including an investment letter in the case of box (3) or (4)) and other information as the Trustee or the either Issuer has
reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. 

        If
none of the foregoing boxes is checked, the Trustee or Registrar shall not be obligated to register this Note in the name of any person other than the Holder hereof unless and until
the 

14

 

conditions
to any such transfer of registration set forth herein and in Section 2.15 of the Indenture shall have been satisfied. 

	

Dated:	
 	

 	
 	

Signed:	
 	

 
	 	 	
	 	 	 	
 (Sign exactly as your name appears on the other side of this Note)

	

Signature Guarantee:	
 	

 	
 	

 
	 	 	
	 	 

TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED  

        The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment
discretion and that it and any such account is a "qualified institutional buyer" within the meaning of Rule 144A under the U.S. Securities Act and is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the transferor is relying upon the undersigned's foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

	

Dated:	
 	

 	
 	

 
	 	 	
	 	
 NOTICE: To be executed by an executive officer

15

 
OPTION OF HOLDER TO ELECT PURCHASE  

        If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.10 or 4.19 of the Indenture, check the appropriate box: 

        Section 4.10
[            ] 

        Section 4.19
[            ] 

        If
you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.10 or 4.19 of the Indenture, state the amount you elect to have purchased: 

£

	

Dated:	
 	

 	
 	

 
	 	 	
	 	
 NOTICE: The signature on this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever and be
guaranteed by the endorser's bank or broker.

	

 	
 	

Signature Guarantee:	
 	

 
	 	 	 	 	

16

 
SCHEDULE A  

 SCHEDULE OF PRINCIPAL AMOUNT  

        The initial principal amount of this Note is £5,500,000. The following decreases/increases in the principal amount of this Note have been made: 

	Date of

Decrease/Increase
	 	Decrease in Principal

Amount
	 	Increase in Principal

Amount
	 	Principal Amount

Following such

Decrease/Increase
	 	Notation Made by or

on Behalf of

Registrar

	 	 	 	 	 	 	 	 	 
	

 	
 	

 	
 	

 	
 	

 	
 	

 

17

   
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. 

THE
HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF (1) REPRESENTS THAT (A) IT IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT),
(B) IT IS A NON-U.S. PURCHASER AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF REGULATION S UNDER THE U.S. SECURITIES ACT, OR (C) IT IS AN
INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE U.S. SECURITIES ACT AND (2) AGREES TO OFFER, SELL OR OTHERWISE
TRANSFER SUCH SECURITY, PRIOR TO THE DATE WHICH IS TWO YEARS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY WAS THE OWNER OF
THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER
THE U.S. SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A "QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE
144A UNDER THE U.S. SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE
144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PURCHASERS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE U.S. SECURITIES ACT, (E) TO AN
INSTITUTIONAL "ACCREDITED INVESTOR" WITHIN THE MEANING OF SUBPARAGRAPH (A)(1), (2), (3) OR (7) OF RULE 501 UNDER THE U.S. SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN
ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN INSTITUTIONAL ACCREDITED INVESTOR, FOR INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE
U.S. SECURITIES ACT OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT, SUBJECT TO THE COMPANY'S AND THE TRUSTEE'S, OR TRANSFER
AGENT'S, AS APPLICABLE, RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E), OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER
INFORMATION SATISFACTORY TO EACH OF THEM AND IN EACH OF THE FOREGOING CASES, A CERTIFICATE OF TRANSFER IN THE FORM APPEARING ON THE OTHER SIDE OF THIS SECURITY IS COMPLETED AND DELIVERED BY THE
TRANSFEROR TO THE TRUSTEE OR TRANSFER AGENT. 

UNTIL
40 DAYS AFTER THE COMMENCEMENT OF THE OFFERING, AN OFFER OR SALE OF SECURITIES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE U.S. SECURITIES ACT) MAY VIOLATE THE REGISTRATION
REQUIREMENTS OF THE U.S. SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A UNDER THE U.S. SECURITIES ACT. 

THIS
NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE OF A DEPOSITORY OR A SUCCESSOR DEPOSITORY. THIS NOTE
IS NOT 

18

 

EXCHANGEABLE
FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY) MAY BE REGISTERED
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK TO THE ISSUER OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED
IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK (AND ANY PAYMENT IS MADE
TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE BANK OF NEW YORK), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED), HAS AN INTEREST HEREIN. 

19

 
ALTRA INDUSTRIAL MOTION, INC.  

 111/4% SENIOR NOTES DUE 2013  

	ISIN No. XS0243854261

Common Code 24385426	 	U.K.£33,000,000	 	Initial Aggregate Principal Balance
	Certificate No. S-1	 	U.K.£27,500,000	 	Initial Principal Balance of this Certificate

        Altra
Industrial Motion, Inc., a Delaware corporation (the "Company," which term includes any successor entity), for value received
promises to pay to THE BANK OF NEW YORK DEPOSITORY (NOMINEES LIMITED) or registered assigns the principal sum of up to THIRTY-THREE MILLION AND 00/100 Pounds Sterling (U.K.£33,000,000),
initial issuance of TWENTY-SEVEN MILLION, FIVE HUNDRED THOUSAND AND 00/100 Pounds Sterling (U.K.£27,500,000) (or such principal amount at maturity as may be set forth in the records of the
Trustee hereinafter referred to in accordance with the Indenture) on February 15, 2013 and to pay interest thereon as hereinafter set forth. 

        Interest
Rate: 111/4% 

        Interest
Payment Dates: February 15 and August 15, commencing August 15, 2006. 

        Record
Dates: February 1 and August 1 

        Reference
is made to the further provisions of this Note contained on the reverse side of this Note, which will for all purposes have the same effect as if set forth at this place. 

[Signature page follows] 

20

 

        IN
WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by its duly authorized officer. 

	

 	
 	

ALTRA INDUSTRIAL MOTION, INC.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT       
 Name: Michael L. Hurt

Title: Chief Executive Office

Dated:
February 8, 2006 

21

 
TRUSTEE CERTIFICATE OF AUTHENTICATION  

        This is one of the 111/4% Senior Notes due 2013 referred to in the within-mentioned Indenture. 

	

 	
 	

THE BANK OF NEW YORK, as Trustee
	

Dated: February 8, 2006	
 	

By:	
 	

/s/  LUIS PEREZ      
 Name: Luis Perez

Authorized Signatory

22

   (REVERSE OF SECURITY)  

 111/4% SENIOR NOTES DUE 2013  

        23.    Interest.    

        Altra
Industrial Motion, Inc., a Delaware corporation (the "Issuer"), promises to pay interest on the principal amount of this Note
at the rate per annum shown above. Interest on the Notes will accrue from the most recent date on which interest has been paid or, if no interest has been paid, from and including the date of
issuance. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 15, 2006. Interest will be computed on the basis of a
360-day year comprised of twelve 30-day months. 

        24.    Method of Payment.    

        The
Issuer shall pay interest on the Notes to the Persons who are the registered Holders at the close of business on the Record Date immediately preceding the Interest Payment Date even
if the Notes are cancelled on registration of transfer or registration of exchange after such Record Date, and on or before such Interest Payment Date. Holders must surrender Notes to a Paying Agent
to collect principal payments. The Issuer shall pay principal and interest in money of the United Kingdom that at the time of payment is legal tender for payment of public and private debts
("U.K. Legal Tender"). However, the Issuer may pay principal and interest by check payable in such U.K. Legal Tender. The Issuer may deliver any such
interest payment to the Paying Agent or to a Holder at the Holder's registered address. 

        25.    Paying Agent and Registrar.    

        Initially,
The Bank of New York (the "Trustee") will act as Registrar and as paying agent in the City of New York (the
"Principal Paying Agent") and The Bank of New York (Luxembourg) S.A. will act as paying agent in Luxembourg (the "Luxembourg
Paying Agent" and, together with the Principal Paying Agent, the "Paying Agent"). The Issuer may change any Paying Agent,
Registrar or co-Registrar without notice to the Holders. 

        26.    Indenture.    

        The
Notes and the Guarantees were issued under an Indenture, dated as of February 8, 2006, by and among the Issuer, the Guarantors named therein, the Trustee and Principal Paying
Agent and the Luxembourg Paying Agent (the "Indenture"). The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the U.S. Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) (the "U.S. TIA"), as
in effect on the date of the Indenture until such time as the Indenture is qualified under the U.S. TIA, and thereafter as in effect on the date on which the Indenture is qualified under the U.S. TIA.
Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to in the Indenture and the U.S. TIA for a statement of such terms. The
Notes are senior unsecured obligations of the Issuer. Each Holder, by accepting a Note, agrees to be bound by all of the terms and provisions of the Indenture, as the same may be amended from time to
time. Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein. 

        27.    Redemption on or After February 15, 2010.    

        (a)    Optional Redemption.    Except as described below, the Notes are not redeemable before February 15,
2010. On or after February 15, 2010, the Company may redeem the Notes, at its option, in whole or in part, upon not less than 30 nor more than 60 days' notice, at the following
redemption 

23

 

prices
(expressed as percentages of the principal amount thereof) if redeemed during the twelve-month period commencing on February 15 of the year set forth below: 

	Year
 
	 	Percentage
	 
	2010	 	105.625	%
	2011	 	102.813	%
	2012 and thereafter	 	100.000	%

        In
addition, the Company must pay accrued and unpaid interest and Additional Interest, if any, on the Notes redeemed to the date of redemption (subject to the right of the Holders of the
relevant record date to receive interest due on the relevant interest payment date). 

        (b)    Optional Redemption upon Equity Offerings.    In addition, at any time, or from time to time, until
February 15, 2009, the Company may, at its option, use an amount not to exceed the net cash proceeds of one or more Equity Offerings to redeem up to 35% of the aggregate principal amount of the
Notes (which includes Additional Notes, if any) originally issued under the Indenture at a redemption price of 111.25% of the aggregate principal amount thereof, plus accrued and unpaid interest and
Additional Interest, if any, to the date of redemption; provided that: 

        (3)   at
least 65% of the original principal amount of Notes (which includes Additional Notes, if any) issued under the Indenture remains outstanding immediately after any
such redemption; and 

        (4)   the
Company makes such redemption not more than 120 days after the consummation of any such Equity Offering. 

        (c)    Notice of Redemption.    Notice of redemption will be mailed by first-class mail at least 30 days but
not more than 60 days before the redemption date to each Holder of Notes to be redeemed at such Holder's registered address. If fewer than all of the Notes are to be redeemed, at any time,
selection of Notes for redemption will be made by the Trustee in compliance with the requirements of the principal U.S. or foreign securities exchange, if any, on which the Notes are listed, or, if
the Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee reasonably determines to be fair and appropriate;  provided that
no partial redemption will reduce the principal amount of a Note not redeemed to a denomination of less than £50,000; and
provided, further, that any such
partial redemption made with the proceeds of an Equity Offering will be made only on a pro rata basis or on as nearly a pro
rata basis as practicable (subject to the procedures of Euroclear or Clearstream or any other depository) unless such method is otherwise prohibited. Notes in denominations of
£50,000 or more may be redeemed in part. 

        Except
as set forth in the Indenture, if monies for the redemption of the Notes called for redemption shall have been deposited with the Paying Agent for redemption on such redemption
date sufficient to pay such redemption price plus accrued and unpaid interest and Additional Interest, if any, the Notes called for redemption will cease to bear interest from and after such
redemption date, and the only remaining right of the Holders of such Notes will be to receive payment of the redemption price plus accrued and unpaid interest and Additional Interest, if any, as of
the redemption date upon surrender to the Paying Agent of the Notes redeemed. 

        28.    Offers to Purchase.    

        Sections
4.10 and 4.19 of the Indenture provide that after certain Asset Sales and upon the occurrence of a Change of Control and subject to further limitations contained therein, the
Issuer will make an offer to purchase the Notes in accordance with the procedures set forth in the Indenture. 

24

 

        29.    Registration Rights.    

        Pursuant
to the Registration Rights Agreement among the Issuer, the Guarantors and the Initial Purchasers, the Issuer will be obligated to consummate an exchange offer. Upon such
exchange offering, the Holders of the Initial Notes shall have the right, subject to compliance with securities laws, to exchange such Initial Notes for Notes, which have been registered under the
U.S. Securities Act, in like principal amount and having terms identical in all material respects to the Initial Notes. The Holders of the Initial Notes shall be entitled to receive certain Additional
Interest payments in the event such exchange offer is not consummated and upon certain other conditions, all pursuant to and in accordance with the terms of the Registration Rights Agreement. 

        30.    Denominations; Transfer; Exchange.    

        The
Notes are in registered form, without coupons, in denominations of £50,000 and integral multiples of £1,000 in excess thereof. A Holder shall register the
transfer of or exchange of Notes in accordance with the Indenture. The Registrar may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and to pay any taxes, fees or similar governmental charges payable in connection therewith as permitted by the Indenture. The
Registrar need not register the transfer of or exchange of any Notes or portions thereof selected for redemption. 

        31.    Persons Deemed Owners.    

        The
registered Holder of a Note shall be treated as the owner of such Note for all purposes. 

        32.    Unclaimed Money.    

        If
money for the payment of principal or interest remains unclaimed for two years, the Trustee and the Paying Agent may pay the money without interest thereon back to the Issuer. After
that, all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

        33.    Discharge Prior to Redemption or Maturity.    

        If
the Issuer at any time deposits with the Trustee U.K. Legal Tender or Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or Maturity and
complies with the other provisions of the Indenture relating thereto, the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, except for
the rights of Holders to receive payments in respect of the principal of, and premium, if any, interest and Additional Interest, if any, on the Notes when such payments are due from the deposits
referred to above. 

        34.    Amendment; Supplement; Waiver.    

        Subject
to certain exceptions, the Indenture, the Notes or the Guarantees may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate
principal amount of the Notes then outstanding, and any existing Default or Event of Default or noncompliance with any provision may be waived with the written consent of the Holders of a majority in
aggregate principal amount of the Notes then outstanding. Without consent of any Holder, the parties thereto may amend or supplement the Indenture, the Notes or the Guarantees to, among other things,
cure any ambiguity, defect or inconsistency, provide for uncertificated Notes or Guarantees in addition to or in place of certificated Notes or Guarantees, comply with the U.S. TIA, or comply with
Article Five of the Indenture or make any other change that does not adversely affect in any material respect the rights of any Holder of a Note. 

        35.    Restrictive Covenants.    

        The
Indenture imposes certain limitations on the ability of the Issuer and the Restricted Subsidiaries to, among other things, incur additional Indebtedness or Liens, make payments in
respect of their Capital Stock or certain Indebtedness, enter into transactions with Affiliates, create dividend or 

25

 

other
payment restrictions affecting Subsidiaries, merge or consolidate with any other Person, sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its assets.
Such limitations are subject to a number of important qualifications and exceptions. The Issuer must annually report to the Trustee on compliance with such limitations. 

        36.    Successors.    

        When
a successor assumes, in accordance with the Indenture, all the obligations of its predecessor under the Indenture, the Notes and the Guarantees, the predecessor will be released
from those obligations. 

        37.    Defaults and Remedies.    

        If
an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding may declare all the Notes to be
due and payable in the manner, at the time and with the effect provided in the Indenture. Holders of Notes may not enforce the Indenture except as provided in the Indenture. The Trustee is not
obligated to enforce the Indenture or the Notes unless it has received indemnity satisfactory to it. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in
aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of any continuing Default or
Event of Default (except a Default in payment of principal or interest) if it determines that withholding notice is in their interest. 

        38.    Trustee Dealings with Issuer.    

        Subject
to the terms of the U.S. TIA and the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of the Notes and may
otherwise deal with the Issuer, the Subsidiaries or their respective Affiliates as if it were not the Trustee. 

        39.    No Recourse Against Others.    

        No
past, present or future stockholder, director, officer, employee or incorporator, as such, of the Issuer or the Guarantors shall have any liability for any obligation of the Issuer
under the Notes, the Guarantees or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of a Note by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

        40.    Guarantees.    

        Payment
of principal, premium, if any, and interest and Additional Interest, if any, is unconditionally guaranteed, jointly and severally, by each of the Guarantors. 

        41.    Authentication.    

        This
Note shall not be valid until the Trustee or Authenticating Agent manually signs the certificate of authentication on this Note. 

        42.    Governing Law.    

        THE
LAWS OF THE STATE OF NEW YORK SHALL GOVERN THIS NOTE, THE GUARANTEES AND THE INDENTURE, WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS. 

        43.    Waiver of Jury Trial.    

        Each
of the parties hereto and the holders (by their acceptance of the Note) hereby irrevocably waives, to the fullest extent permitted by law, any and all right to trial by jury in any
action or 

26

 

proceeding
arising out of or in connection with the Indenture, this Note, the Guarantees or the transactions contemplated by the Indenture. 

        44.    Abbreviations and Defined Terms.    

        Customary
abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint
tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

        The
Issuer will furnish to any Holder of a Note upon written request and without charge a copy of the Indenture. Requests may be made to: Altra Industrial Motion, Inc., 14 Hayward
Street, Quincy, Massachusetts 02171. 

27

   GUARANTEE  

        Each of the undersigned and their respective successors under the Indenture (collectively, the "Guarantors") has
jointly and severally with each of the other Guarantors, irrevocably and unconditionally guaranteed, on a senior unsecured basis to the extent set forth in the Indenture, dated as of
February 8, 2006, by and among the Issuer, the Guarantors, The Bank of New York, as Trustee and Principal Paying Agent, and The Bank of New York (Luxembourg) S.A., as Luxembourg Paying Agent
(the "Indenture"), (i) the due and punctual payment of the principal of, premium, if any, and interest and Additional Interest, if any, on the
Notes, whether at maturity, by acceleration or otherwise, and the due and punctual performance of all other obligations of the Issuer to the Holders or the Trustee all in accordance with the terms set
forth in Article Ten of the Indenture and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full
when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Capitalized terms used herein have the meanings assigned to
them in the Indenture unless otherwise indicated. 

        THE
OBLIGATIONS OF THE UNDERSIGNED TO HOLDERS OF THE NOTES AND TO THE TRUSTEE PURSUANT TO THIS NOTATION OF GUARANTEE (THE "GUARANTEE") AND THE INDENTURE ARE EXPRESSLY SET FORTH IN
ARTICLE TEN OF THE INDENTURE AND REFERENCE IS HEREBY MADE TO THE INDENTURE FOR THE PRECISE TERMS OF THE GUARANTEE AND ALL OTHER PROVISIONS OF THE INDENTURE TO WHICH THE GUARANTEE RELATES. EACH HOLDER
OF A NOTE, BY ACCEPTING THE SAME, (A) AGREES TO AND SHALL BE BOUND BY SUCH PROVISIONS AND (B) APPOINTS THE TRUSTEE ATTORNEY-IN-FACT FOR SUCH HOLDER FOR SUCH
PURPOSES. 

        THIS
GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

28

 

        IN
WITNESS WHEREOF, each Guarantor has caused its Guarantee to be duly executed. 

	

 	
 	

AMERICAN ENTERPRISES MPT CORP.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

AMERICAN ENTERPRISES MPT HOLDINGS, LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

AMERIDRIVES INTERNATIONAL, LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

BOSTON GEAR LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

FORMSPRAG LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

KILIAN MANUFACTURING CORPORATION
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	 	 	 	 	 

29

 

	

 	
 	

NUTTALL GEAR LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

THE KILIAN COMPANY
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC INTERNATIONAL HOLDING, INC.
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer
	

 	
 	

WARNER ELECTRIC TECHNOLOGY LLC
	

 	
 	

By:	
 	

/s/  MICHAEL L. HURT      
 Name: Michael L. Hurt

Title: Chief Executive Officer

30

   ASSIGNMENT FORM  

        If you the Holder want to assign this Note, fill in the form below and have your signature guaranteed: 

I
or we assign and transfer this Note to: 

(Print or type name, address and zip code and

social security or tax ID number of assignee) 

	

and irrevocably appoint	
 	

	agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him.

	

Dated:	
 	

 	
 	

Signed:	
 	

 
	 	 	
	 	 	 	
 (Sign exactly as your name appears on the other side of this Note)

	

Signature Guarantee:	
 	

 	
 	

 
	 	 	
	 	 

        In
connection with any transfer of this Note occurring prior to the date which is the earlier of (i) the date of the declaration by the SEC of the effectiveness of a registration
statement under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), covering resales of this Note (which effectiveness shall not
have been suspended or terminated at the date of the transfer) and (ii) February 8, 2008, the undersigned confirms that it has not utilized any general solicitation or general
advertising in connection with the transfer and that this Note is being transferred: 

[Check One]

	(1)	 	o	 	to the Issuer or a subsidiary thereof; or
	

(2)	
 	

o	
 	

pursuant to and in compliance with Rule 144A under the U.S. Securities Act; or
	

(3)	
 	

o	
 	

to an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) under the U.S. Securities Act) that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of
which letter can be obtained from the Trustee); or
	

(4)	
 	

o	
 	

outside the United States to a person other than a "U.S. person" in compliance with Rule 904 of Regulation S under the U.S. Securities Act; or
	

(5)	
 	

o	
 	

pursuant to the exemption from registration provided by Rule 144 under the U.S. Securities Act; or
	

(6)	
 	

o	
 	

pursuant to an effective registration statement under the U.S. Securities Act.

Unless
one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof;  provided that if box
(3), (4) or (5) is checked, the Issuer or the Trustee may require, prior to registering any such transfer of the
Notes, in its sole discretion, such legal opinions, certifications (including an investment letter in the case of box (3) or (4)) and other information as the Trustee or the either Issuer has
reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. 

        If
none of the foregoing boxes is checked, the Trustee or Registrar shall not be obligated to register this Note in the name of any person other than the Holder hereof unless and until
the 

31

 

conditions
to any such transfer of registration set forth herein and in Section 2.15 of the Indenture shall have been satisfied. 

	

Dated:	
 	

 	
 	

Signed:	
 	

 
	 	 	
	 	 	 	
 (Sign exactly as your name appears on the other side of this Note)

	

Signature Guarantee:	
 	

 	
 	

 
	 	 	
	 	 

TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED  

        The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment
discretion and that it and any such account is a "qualified institutional buyer" within the meaning of Rule 144A under the U.S. Securities Act and is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request
such information and that it is aware that the transferor is relying upon the undersigned's foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

	

Dated:	
 	

 	
 	

 
	 	 	
	 	
 NOTICE: To be executed by an executive officer

32

 
OPTION OF HOLDER TO ELECT PURCHASE  

        If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.10 or 4.19 of the Indenture, check the appropriate box: 

        Section 4.10
[            ] 

        Section 4.19
[            ] 

        If
you want to elect to have only part of this Note purchased by the Issuer pursuant to Section 4.10 or 4.19 of the Indenture, state the amount you elect to have purchased: 

£

	

Dated:	
 	

 	
 	

 
	 	 	
	 	
 NOTICE: The signature on this assignment must correspond with the name as it appears upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever and be
guaranteed by the endorser's bank or broker.

	

 	
 	

Signature Guarantee:	
 	

 
	 	 	 	 	

33

 
SCHEDULE A  

 SCHEDULE OF PRINCIPAL AMOUNT  

        The initial principal amount of this Note is £27,500,000. The following decreases/increases in the principal amount of this Note have been made: 

	Date of

Decrease/Increase
	 	Decrease in Principal

Amount
	 	Increase in Principal

Amount
	 	Principal Amount

Following such

Decrease/Increase
	 	Notation Made by or

on Behalf of

Registrar

	 	 	 	 	 	 	 	 	 
	

 	
 	

 	
 	

 	
 	

 	
 	

 

34

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Exhibit 4.2QuickLinks
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EXHIBIT 4.3    
    

£33,000,000

Altra Industrial Motion, Inc.

111/4% Senior Notes due 2013  

REGISTRATION RIGHTS AGREEMENT  

February 8,
2006 

JEFFERIES &
COMPANY, INC.

11100 Santa Monica Boulevard

10th Floor

Los Angeles, California 90025 

JEFFERIES
INTERNATIONAL LIMITED

Bracken House, Floor 4

1 Friday Street

London EC4M 9JA

England 

Ladies
and Gentlemen: 

        ALTRA
INDUSTRIAL MOTION, INC., a Delaware corporation (the "Company"), is issuing and selling to Jefferies &
Company, Inc. and Jefferies International Limited (the "Initial Purchasers"), upon the terms set forth in the Purchase Agreement dated
February 3, 2006, by and among the Company, the Initial Purchasers and the subsidiary guarantors named therein (the "Purchase Agreement"),
£33,000,000 aggregate principal amount of 111/4% Senior Notes due 2013 issued by the Company (the "Notes") pursuant to the
Indenture (as defined below). As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and the subsidiary guarantors listed in the signature pages hereto agree with
the Initial Purchasers, for the benefit of the Holders (as defined below) of the Notes (including, without limitation, the Initial Purchasers), as follows: 

	1.
	Definitions

        Capitalized
terms that are used herein without definition and are defined in the Purchase Agreement shall have the respective meanings ascribed to them in the Purchase Agreement. As used
in this Agreement, the following terms shall have the following meanings: 

        Additional Interest:    See Section 4(a). 

        Advice:    See Section 6(w). 

        Agreement:    This Registration Rights Agreement, dated as of the Closing Date, between the Company and the Initial Purchasers. 

        Applicable Period:    See Section 2(e). 

        Applicable Period:    See Section 2(e). 

        Board:    See Section 11(n). 

        Blackout Periods:    See Section 11(n). 

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

        Closing Date:    February 8, 2006. 

        Company:    See the introductory paragraph to this Agreement. 

 

        Effectiveness Date:    The 210th day after the Closing Date. 

        Effectiveness Period:    See Section 3(a). 

        Event Date:    See Section 4(b). 

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

        Exchange Notes:    111/4% Senior Notes due 2013 of the Company, identical in all material respects to the Notes,
including the guarantees endorsed thereon, except for references to series and restrictive legends. 

        Exchange Offer:    See Section 2(a). 

        Exchange Registration Statement:    See Section 2(a). 

        Filing Date:    The 120th day after the Closing Date. 

        Holder:    Any registered holder of Registrable Notes. 

        Indemnified Party:    See Section 8(c). 

        Indemnifying Party:    See Section 8(c). 

        Indenture:    The Indenture, dated as of the Closing Date, among the Company, the Subsidiary Guarantors, The Bank of New York,
as trustee and principal paying agent, and The Bank of New York (Luxembourg), S.A., as Luxembourg paying agent, pursuant to which the Notes are being issued, as amended or supplemented from time to
time in accordance with the terms hereof. 

        Initial Purchasers:    See the introductory paragraph to this Agreement. 

        Initial Shelf Registration:    See Section 3(a). 

        Inspectors:    See Section 6(o). 

        Lien:    Shall have the meaning set forth in the Indenture. 

        Losses:    See Section 8(a). 

        NASD:    National Association of Securities Dealers, Inc. 

        Notes:    See the introductory paragraph to this Agreement. 

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

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

        Private Exchange:    See Section 2(f). 

        Private Exchange Notes:    See Section 2(f). 

        Prospectus:    The prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated under the Securities Act), as amended or
supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Notes covered by such Registration Statement, and all other 

2

 

amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 

        Purchase Agreement:    See the introductory paragraph to this Agreement. 

        Records:    See Section 6(o). 

        Registrable Notes:    (i) Notes, (ii) Private Exchange Notes and (iii) Exchange Notes received in the
Exchange Offer, in each case, that may not be sold without restriction under federal or state securities laws. 

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

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

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

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

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

        SEC:    The Securities and Exchange Commission. 

        Securities:    The Notes, the Exchange Notes and the Private Exchange Notes. 

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

        Shelf Notice:    See Section 2(j). 

        Shelf Registration:    See Section 3(b). 

        Subsequent Shelf Registration:    See Section 3(b). 

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

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

        Trustee:    The trustee under the Indenture and, if applicable, the trustee under any indenture governing the Exchange Notes and
Private Exchange Notes (if any). 

        Underwritten Registration or Underwritten Offering: A registration in which securities of the Company are sold to an underwriter for
reoffering to the public. 

3

 

	2.
	Exchange Offer

	(a)
	Unless
the Exchange Offer would not be permitted by applicable laws or a policy of the SEC, the Company shall (and shall cause each Subsidiary Guarantor to) (i) use
commercially reasonable efforts to prepare and file with the SEC promptly after the date hereof and by the Filing Date, a registration statement (the "Exchange Registration
Statement") on an appropriate form under the Securities Act with respect to an offer (the "Exchange Offer") to the Holders of
Notes to issue and deliver to such Holders, in exchange for the Notes, a like principal amount of Exchange Notes, (ii) use commercially reasonable efforts to cause the Exchange Registration
Statement to become effective as promptly as practicable after the filing thereof and on or before the Effectiveness Date, (iii) use its best efforts to keep the Exchange Registration Statement
effective until the consummation of the Exchange Offer in accordance with its terms, and (iv) commence the Exchange Offer and use its best efforts to issue on or prior to 30 Business Days after
the date on which the Exchange Registration Statement is declared effective, Exchange Notes in exchange for all Notes tendered prior thereto in the Exchange Offer. The Exchange Offer shall not be
subject to any conditions, other than that the Exchange Offer does not violate applicable law or any applicable interpretation of the staff of the SEC.

	(b)
	The
Exchange Notes shall be issued under, and entitled to the benefits of the Indenture or a trust indenture that is identical to the Indenture (other than such changes as are
necessary to comply with any requirements of the SEC to effect or maintain the qualifications thereof under the TIA).

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

	(d)
	The
Company may require each Holder as a condition to participation in the Exchange Offer to represent (i) that any Exchange Notes received by it will be acquired in the
ordinary course of its business, (ii) that at the time of the commencement and consummation of the Exchange Offer such Holder has not entered into any arrangement or understanding with any
Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Notes in violation of the provisions of the Securities Act, (iii) that if such Holder is an
"affiliate" of the Company within the meaning of Rule 405 of the Securities Act, it will comply with the registration and prospectus delivery requirements of the Securities Act to the extent
applicable to it, (iv) if such Holder is not a broker-dealer, that it is not engaged in, and does not intend to engage in, the distribution of the Notes and (v) if such Holder is a
Participating Broker-Dealer (as defined below), that it will deliver a Prospectus in connection with any resale of the Exchange Notes.

	(e)
	The
Company shall (and shall cause each Subsidiary Guarantor to) include within the Prospectus contained in the Exchange Registration Statement a section entitled "Plan of
Distribution" reasonably acceptable to the Initial Purchasers which shall contain a summary statement of the positions taken or policies made by the staff of the SEC with respect to the potential
"underwriter" status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the 

4

 

Exchange
Offer for its own account in exchange for Notes that were acquired by it as a result of market-making or other trading activity (a "Participating
Broker-Dealer"), whether such positions or policies have been publicly disseminated by the staff of the SEC or such positions or policies, in the judgment of the Initial
Purchasers, represent the prevailing views of the staff of the SEC. Such "Plan of Distribution" section shall also allow, to the extent permitted by applicable policies and regulations of the SEC, the
use of the Prospectus by all Persons subject to the prospectus delivery requirements of the Securities Act, including, to the extent so permitted, all Participating Broker-Dealers, and include a
statement describing the manner in which Participating Broker-Dealers may resell the Exchange Notes. The Company shall use its best efforts to keep the Exchange Registration Statement effective and to
amend and supplement the Prospectus contained therein, in order to permit such Prospectus to be lawfully delivered by all Persons subject to the prospectus delivery requirements of the Securities Act
for such period of time as such Persons must comply with such requirements in order to resell the Exchange Notes; provided that such period shall not
exceed the lesser of 180 days and the date on which all persons subject to the prospectus delivery requirements of the Securities Act have sold all Exchange Notes held by them (the
"Applicable Period"). 

	(f)
	If,
upon consummation of the Exchange Offer, the Initial Purchasers hold any Notes acquired by them and having the status of an unsold allotment in the initial distribution, the
Company (upon the written request from the Initial Purchaser) shall, simultaneously with the delivery of the Exchange Notes in the Exchange Offer, issue and deliver to the Initial Purchasers, in
exchange (the "Private Exchange") for the Notes held by the Initial Purchasers, a like principal amount of Notes that are identical to the Exchange
Notes except for the existence of restrictions on transfer thereof under the Securities Act and securities laws of the several states of the United States (the "Private
Exchange Notes") (and which are issued pursuant to the same indenture as the Exchange Notes). The Private Exchange Notes shall bear the same ISIN and Common Code numbers as the
Exchange Notes.

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

	(i)
	mail
to each Holder a copy of the Prospectus forming part of the Exchange Registration Statement, together with an appropriate letter of transmittal that is an exhibit
to the Exchange Registration Statement, and any related documents;

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

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

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

	(v)
	otherwise
comply in all material respects with all applicable laws.

	(h)
	As
soon as practicable after the close of the Exchange Offer or the Private Exchange, as the case may be, the Company shall (and shall cause each Subsidiary Guarantor to):

	(i)
	accept
for exchange all Registrable Notes validly tendered pursuant to the Exchange Offer or the Private Exchange, as the case may be, and not validly withdrawn;

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

5

 

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

	(i)
	The
Exchange Notes and the Private Exchange Notes may be issued under (i) the Indenture or (ii) an indenture identical to the Indenture (other than such
changes as are necessary to comply with any requirements of the SEC to effect or maintain the qualification thereof under the TIA), which in either event will provide that the Exchange Notes will not
be subject to the transfer restrictions set forth in the Indenture, that the Private Exchange Notes will be subject to the transfer restrictions set forth in the Indenture, and that the Exchange
Notes, the Private Exchange Notes and the Notes, if any, will be deemed one class of security (subject to the provisions of the Indenture).

	(j)
	If:
(i) prior to the consummation of the Exchange Offer, the Holders of a majority in aggregate principal amount of Registrable Notes determines in its or their reasonable
judgment that (A) the Exchange Notes would not, upon receipt, be tradeable by the Holders thereof without restriction under the Securities Act and the Exchange Act and without material
restrictions under applicable Blue Sky or state securities laws, or (B) the interests of the Holders under this Agreement, taken as a whole, would be materially adversely affected by the
consummation of the Exchange Offer; (ii) applicable interpretations of the staff of the SEC would not permit the consummation of the Exchange Offer prior to the Effectiveness Date;
(iii) subsequent to the consummation of the Private Exchange, any Holder of Private Exchange Notes so requests; (iv) the Exchange Offer is not consummated within 30 Business Days from
the date the Exchange Registration Statement was declared effective; or (v) in the case of (A) any Holder not permitted by applicable law or SEC policy to participate in the Exchange
Offer, (B) any Holder participating in the Exchange Offer that receives Exchange Notes that may not be sold without restriction under state and federal securities laws (other than due solely to
the status of such Holder as an affiliate of the Company within the meaning of the Securities Act) or (C) any broker-dealer that holds Notes acquired directly from the Company or any of its
affiliates and, in each such case contemplated by this clause (v), such Holder notifies the Company within six months of consummation of the Exchange Offer, then the Company shall promptly (and
in any event within five Business Days) deliver to the Holders (or in the case of an occurrence of any event described in clause (v) of this Section 2(j), to any such Holder) and the
Trustee notice thereof (the "Shelf Notice") and shall as promptly as possible thereafter (but in no event more than 45 days after delivery of the
Shelf Notice) file an Initial Shelf Registration pursuant to Section 3. 

        3.    Shelf Registration    If a Shelf Notice is delivered pursuant to Section 2(j), then this Section 3
shall apply to all Registrable Notes. Otherwise, upon consummation of the Exchange Offer in accordance with Section 2, the provisions of Section 3 shall apply solely with respect to
(i) Notes held by any Holder thereof not permitted to participate in the Exchange Offer, (ii) Notes held by any broker-dealer that acquired such Notes directly from the Company or any of
its affiliates and (iii) Exchange Notes that are not freely tradeable as contemplated by Section 2(j)(v) hereof, provided in each
case that the relevant Holder has duly notified the Company within six months of the Exchange Offer as required by Section 2(j)(v). 

	(a)
	Initial Shelf Registration. The Company shall (and shall cause each Subsidiary Guarantor to), as promptly as practicable, file with the
SEC a Registration Statement for an offering to be made on a continuous basis pursuant to Rule 415 covering all of the Registrable Notes (the "Initial Shelf
Registration"). If the Company (and any Subsidiary Guarantor) has not yet filed an Exchange Registration Statement, the Company shall (and shall cause each Subsidiary Guarantor
to) file with the SEC the Initial Shelf Registration on or prior to the Filing Date and shall use its best efforts to cause such Initial Shelf Registration to be declared effective 

6

 

under
the Securities Act on or prior to the Effectiveness Date. Otherwise, the Company shall (and shall cause each Subsidiary Guarantor to) use its best efforts to file with the SEC the Initial Shelf
Registration within 30 days of the delivery of the Shelf Notice and shall use its best efforts to cause such Shelf Registration to be declared effective under the Securities Act as promptly as
practicable thereafter (but in no event more than 45 days after delivery of the Shelf Notice). The Initial Shelf Registration shall be on Form S-1 or another appropriate form
permitting registration of such Registrable Notes for resale by Holders in the manner or manners reasonably designated by them (including, without limitation, one or more underwritten offerings). The
Company and Subsidiary Guarantors shall not permit any securities other than the Registrable Notes to be included in any Shelf Registration. The Company shall (and shall cause each Subsidiary
Guarantor to) use its best efforts to keep the Initial Shelf Registration continuously effective under the Securities Act until the date which is 24 months from the Closing Date (subject to
extension pursuant to the last paragraph of Section 6(w) (the "Effectiveness Period"), or such shorter period ending when (i) all
Registrable Notes covered by the Initial Shelf Registration have been sold in the manner set forth and as contemplated in the Initial Shelf Registration, (ii) a Subsequent Shelf Registration
covering all of the Registrable Notes covered by and not sold under the Initial Shelf Registration or an earlier Subsequent Shelf Registration has been declared effective under the Securities Act or
(iii) there cease to be any outstanding Registrable Notes. 

	(b)
	Subsequent Shelf Registrations. If the Initial Shelf Registration or any Subsequent Shelf Registration (as defined below) ceases to be
effective for any reason at any time during the Effectiveness Period (other than because of the sale of all of the securities registered thereunder), the Company shall (and shall cause each Subsidiary
Guarantor to) use its best efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof, and in any event shall within 30 days of such cessation of effectiveness
amend such Shelf Registration in a manner to obtain the withdrawal of the order suspending the effectiveness thereof, or file (and cause each Subsidiary Guarantor to file) an additional "shelf"
Registration Statement pursuant to Rule 415 covering all of the Registrable Notes (a "Subsequent Shelf Registration"). If a Subsequent Shelf
Registration is filed, the Company shall (and shall cause each Subsidiary Guarantor to) use its best efforts to cause the Subsequent Shelf Registration to be declared effective as soon as practicable
after such filing and to keep such Subsequent Shelf Registration continuously effective for a period equal to the number of days in the Effectiveness Period less the aggregate number of days during
which the Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously effective. As used herein the term "Shelf
Registration" means the Initial Shelf Registration and any Subsequent Shelf Registrations

	(c)
	Supplements and Amendments. The Company shall promptly supplement and amend any Shelf Registration if required by the rules,
regulations or instructions applicable to the registration form used for such Shelf Registration or if required by the Securities Act.

	(d)
	Provision of Information. No Holder of Registrable Notes shall be entitled to include any of its Registrable Notes in any Shelf
Registration pursuant to this Agreement unless such Holder furnishes to the Company and the Trustee in writing, within 20 days after receipt of a written request therefor, such information as
the Company and the Trustee after conferring with counsel with regard to information relating to Holders that would be required by the SEC to be included in such Shelf Registration or Prospectus
included therein, may reasonably request for inclusion in any Shelf Registration or Prospectus included therein, and no such Holder shall be entitled to Additional Interest pursuant to
Section 4 hereof unless and until such Holder shall have provided such information. 

7

  

	4.
	Additional Interest

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

	(i)
	if
(A) neither the Exchange Registration Statement nor the Initial Shelf Registration has been filed on or prior to the Filing Date or (B) notwithstanding
that the Exchange Offer has or will be consummated, the Company is required to file a Shelf Registration Statement and such Shelf Registration Statement in not filed on or prior to the date
required under Section 3 of this Registration Rights Agreement, then Additional Interest shall accrue on the Notes over and above any stated interest at a rate of 0.25% per annum of the
principal amount of such Notes for the first 90 days immediately following the Filing Date, such Additional Interest rate increasing by an additional 0.25% per annum at the beginning of each
subsequent 90-day period;

	(ii)
	if
(A) neither the Exchange Registration Statement nor the Initial Shelf Registration is declared effective on or prior to the Effectiveness Date or
(B) notwithstanding that the Exchange Offer has or will be consummated, the Company is required to file a Shelf Registration Statement and such Shelf Registration Statement is not
declared effective by the SEC on or prior to the 90th day following the date such Shelf Registration Statement was filed, then, commencing on the day after either such required effective date,
Additional Interest shall accrue on the Notes over and above any stated interest at a rate of 0.25% per annum of the principal amount of such Notes for the first 90 days immediately following
the Effectiveness Date, such Additional Interest rate increasing by an additional 0.25% per annum at the beginning of each subsequent 90-day period;

	(iii)
	if
(A) the Company (and any Subsidiary Guarantor) has not exchanged Exchange Notes for all Notes validly tendered in accordance with the terms of the Exchange
Offer on or prior to the 30th Business Day after the Effectiveness Date or (B) if applicable, a Shelf Registration has been declared effective and such Shelf Registration ceases
to be effective at any time prior to the second anniversary of the Closing Date (other than such time as all Notes have been disposed of thereunder) and is not declared effective again within
30 days, then Additional Interest shall accrue on the Notes, over and above any stated interest, at a rate of 0.25% per annum of the principal amount of such Notes for the first 90 days
commencing on (x) the 31st Business Day after the Effectiveness Date, in the case of (A) above, or (y) the day such Shelf Registration ceases to be effective in the
case of (B) above, such Additional Interest rate increasing by an additional 0.25% per annum at the beginning of each such subsequent 90-day period; 

provided, however, that Additional Interest will not accrue under more than one of the foregoing clauses
(i), (ii) or (iii) at any one time; provided further, that the maximum Additional Interest rate on the Notes may not exceed at any one
time in the aggregate 1.00% per annum; and provided further, that (1) upon the filing of the Exchange Registration Statement or Initial Shelf
Registration (in the case of (i) above), (2) upon the effectiveness of the Exchange Registration Statement or Initial Shelf Registration (in the case of (ii) above), or
(3) upon the exchange of Exchange Notes for all Notes tendered (in the case of (iii)(A) above), or upon the effectiveness of a Shelf Registration which had ceased to remain effective (in the
case of (iii)(B) above), Additional 

8

 

Interest
on the Notes as a result of such clause (or the relevant subclause thereof), as the case may be, shall cease to accrue. 

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

	5.
	Hold-Back Agreements

        The
Company agrees that it will not effect any public or private sale or distribution (including a sale pursuant to Regulation D under the Securities Act) of any securities the
same as or similar to those covered by a Registration Statement filed pursuant to Section 2 or 3 hereof (other than Additional Notes (as defined in the Indenture) issued under the Indenture),
or any securities convertible into or exchangeable or exercisable for such securities, during the 10 days prior to, and during the 90-day period beginning on, the effective date of
any Registration Statement filed pursuant to Sections 2 and 3 hereof unless the Holders of a majority of the aggregate principal amount of the Registrable Notes to be included in such Registration
Statement consent, if the managing underwriter thereof (if any) so requests in writing. 

	6.
	Registration Procedures  

        In connection with the filing of any Registration Statement pursuant to Sections 2 or 3 hereof, the Company shall (and shall cause each Subsidiary Guarantor to)
effect such registrations to permit the sale of such securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with
any Registration Statement filed by the Company hereunder, the Company shall (and shall cause each Subsidiary Guarantor to): 

	(a)
	Prepare
and file with the SEC as soon as practicable after the date hereof but in any event on or prior to the Filing Date, the Exchange Registration Statement or if the Exchange
Registration Statement is not filed because of the circumstances contemplated by Section 2(j), a Shelf Registration as prescribed by Section 3, and use its commercially reasonable
efforts to cause each such Registration Statement to become effective and remain effective as provided herein; provided that, if (1) a Shelf
Registration is filed pursuant to Section 3 or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto, before filing any Registration Statement or Prospectus or any
amendments or supplements thereto the Company shall (and shall cause each Subsidiary Guarantor to), if requested, furnish to and afford the Holders of the Registrable Notes to be registered pursuant
to such Shelf Registration Statement, each Participating Broker-Dealer, the managing underwriters, if any, and each of their respective counsel, a reasonable opportunity to review copies of all such
documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at least five Business Days prior to such filing). The
Company and each Subsidiary Guarantor shall not file any such Registration Statement or Prospectus or any amendments or supplements thereto in respect of which the 

9

 

Holders
must provide information for the inclusion therein without the Holders being afforded an opportunity to review such documentation if the Holders of a majority in aggregate principal amount of
the Registrable Notes covered by such Registration Statement, or any such Participating Broker-Dealer, as the case may be, the managing underwriters, if any, or any of their respective counsel shall
reasonably object in writing on a timely basis. A Holder shall be deemed to have reasonably objected to such filing if such Registration Statement, amendment, Prospectus or supplement, as applicable,
as proposed to be filed, contains an untrue statement of a material fact or omits to state any material fact necessary to make the statements therein not misleading or fails to comply with the
applicable requirements of the Securities Act. 

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

	(c)
	Prepare
and file with the SEC such pre-effective amendments and post-effective amendments to each Shelf Registration or Exchange Registration Statement, as the
case may be, as may be necessary to keep such Registration Statement continuously effective for the Effectiveness Period or the Applicable Period, as the case may be; cause the related Prospectus to
be supplemented by any Prospectus supplement required by applicable law, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the
Securities Act; and comply with the provisions of the Securities Act and the Exchange Act applicable to them with respect to the disposition of all securities covered by such Registration Statement as
so amended or in such Prospectus as so supplemented and with respect to the subsequent resale of any securities being sold by a Participating Broker-Dealer covered by any such Prospectus. The Company
and each Subsidiary Guarantor shall not, during the Applicable Period, voluntarily take any action that would result in selling Holders of the Registrable Notes covered by a Registration Statement or
Participating Broker-Dealers seeking to sell Exchange Notes not being able to sell such Registrable Notes or such Exchange Notes during that period, unless such action is required by applicable law,
rule or regulation or permitted by this Agreement.

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

10

 

the
case may be, and the underwriters or agents, if any, and dealers, if any, in connection with the offering and sale of the Registrable Notes covered by, or the sale by Participating Broker-Dealers
of the Exchange Notes pursuant to, such Prospectus and any amendment or supplement thereto. 

	(e)
	If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period relating thereto, the Company shall notify in
writing the selling Holders of Registrable Notes, or each such Participating Broker-Dealer, as the case may be, the managing underwriters, if any, and each of their respective counsel promptly (but in
any event within two Business Days) (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to a Registration Statement or
any post-effective amendment, when the same has become effective (including in such notice a written statement that any Holder may, upon request, obtain, without charge, one conformed copy
of such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits),
(ii) of the issuance by the SEC of any stop order suspending the effectiveness of a Registration Statement or of any order preventing or suspending the use of any Prospectus or the initiation
of any proceedings for that purpose, (iii) if at any time when a Prospectus is required by the Securities Act to be delivered in connection with sales of the Registrable Notes the
representations and warranties of the Company and any Subsidiary Guarantor contained in any agreement (including any underwriting agreement) contemplated by Section 6(n) hereof cease to be true
and correct, (iv) of the receipt by the Company or any Subsidiary Guarantor of any notification with respect to the suspension of the qualification or exemption from qualification of a
Registration Statement or any of the Registrable Notes or the Exchange Notes to be sold by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or threatening of
any proceeding for such purpose, (v) of the happening of any event, the existence of any condition or any information becoming known that makes any statement made in such Registration Statement
or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in, or amendments or
supplements to, such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement and the Prospectus, it will not contain any untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, (vi) of
any reasonable determination by the Company or any Subsidiary Guarantor that a post-effective amendment to a Registration Statement would be appropriate and (vii) of any request by
the SEC for amendments to the Registration Statement or supplements to the Prospectus or for additional information relating thereto.

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

	(g)
	If
(A) a Shelf Registration is filed pursuant to Section 3, (B) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period or (C) reasonably requested in writing by the
managing underwriters, if 

11

 

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

	(h)
	Prior
to any public offering of Registrable Notes or any delivery of a Prospectus contained in the Exchange Registration Statement by any Participating Broker-Dealer who seeks to sell
Exchange Notes during the Applicable Period, use its best efforts to register or qualify, and to cooperate with the selling Holders of Registrable Notes or each such Participating Broker-Dealer, as
the case may be, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable
Notes or Exchange Notes, as the case may be, for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any selling Holder, Participating Broker-Dealer
or any managing underwriter or underwriters, if any, reasonably request in writing; provided that where Exchange Notes held by Participating
Broker-Dealers or Registrable Notes are offered other than through an underwritten offering, the Company and each Subsidiary Guarantor agree to cause its counsel to perform Blue Sky investigations and
file any registrations and qualifications required to be filed pursuant to this Section 6(h), keep each such registration or qualification (or exemption therefrom) effective during the period
such Registration Statement is required to be kept effective and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Exchange
Notes held by Participating Broker-Dealers or the Registrable Notes covered by the applicable Registration Statement; provided that neither the Company
nor any Subsidiary Guarantor shall be required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject it to
general service of process in any such jurisdiction where it is not then so subject or (C) subject itself to taxation in any such jurisdiction where it is not then so subject.

	(i)
	If
(A) a Shelf Registration is filed pursuant to Section 3 or (B) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is requested to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, cooperate with the selling Holders of
Registrable Notes and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Notes to be sold, which certificates
shall not bear any restrictive legends and shall be in a form eligible for deposit with Euroclear Bank N.A./S.A. and Clearstream Banking, societe
anomyne, or their common depository or any nominee thereof, and enable such Registrable Notes to be in such denominations and registered in such names as the managing
underwriter or underwriters, if any, or Holders may reasonably request.

	(j)
	Use
its commercially reasonable efforts to cause the Registrable Notes covered by any Registration Statement to be registered with or approved by such governmental agencies or
authorities as may be necessary to enable the seller or sellers thereof or the underwriter, if any, to consummate the disposition of such Registrable Notes, except as may be required solely as a
consequence of the nature of such selling Holder's business, in which case the Company shall (and shall cause each Subsidiary Guarantor to) cooperate in all reasonable respects with the filing of such
Registration Statement and the granting of such approvals; 

12

 

 provided that neither the Company nor any existing Subsidiary Guarantor shall be required to (A) qualify generally to do business in any jurisdiction where it is not
then so qualified, (B) take any action that would subject it to general service of process in any jurisdiction where it is not then so subject or (C) subject itself to taxation in any
such jurisdiction where it is not then so subject. 

	(k)
	If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, upon the occurrence of any event contemplated by
paragraph 6(e)(v) or 6(e)(vi) hereof, as promptly as practicable, prepare and file with the SEC, at the expense of the Company and the Subsidiary Guarantors, a supplement or
post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any
other required document so that, as thereafter delivered to the purchasers of the Registrable Notes being sold thereunder or to the purchasers of the Exchange Notes to whom such Prospectus will be
delivered by a Participating Broker-Dealer, such Prospectus will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading, and, if SEC review is required, use its best efforts to cause such post-effective
amendment to be declared effective as soon as possible.

	(l)
	Use
its best efforts to cause the Registrable Notes covered by a Registration Statement to be rated with such appropriate rating agencies, if so requested in writing by the Holders of
a majority in aggregate principal amount of the Registrable Notes covered by such Registration Statement or the managing underwriter or underwriters, if any.

	(m)
	Prior
to the initial issuance of the Exchange Notes, (i) provide the Trustee with one or more certificates for the Registrable Notes in a form eligible for deposit with
Euroclear Bank N.A./S.A. and Clearstream Banking, societe anomyne, or their common depository or any nominee thereof and (ii) provide an ISIN and
Common Code number for the Exchange Notes.

	(n)
	If
a Shelf Registration is filed pursuant to Section 3, and the Registrable Notes are being offered in an Underwritten Offering, enter into such agreements (including an
underwriting agreement in form, scope and substance as is customary in underwritten offerings of debt securities similar to the Notes, as may be appropriate in the circumstances) and take all such
other actions in connection therewith (including those reasonably requested in writing by the managing underwriters, if any, or the Holders of a majority in aggregate principal amount of the
Registrable Notes being sold) in order to expedite or facilitate the registration or the disposition of such Registrable Notes, and in such connection, whether or not an underwriting agreement is
entered into and whether or not the registration is an Underwritten Registration, (i) make such representations and warranties to the Holders and the underwriters, if any, with respect to the
business of the Company and its subsidiaries as then conducted, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in
each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings of debt securities similar to the Notes, as may be appropriate in the
circumstances, and confirm the same if and when reasonably required; (ii) obtain an opinion of counsel to the Company and the Subsidiary Guarantors and updates thereof (which counsel and
opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any, and the Holders of a majority in aggregate principal amount of the Registrable Notes
being sold), addressed to each selling Holder and each of the underwriters, if any, covering the matters customarily covered in opinions of counsel to the Company and the Subsidiary Guarantors
requested in 

13

 

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

	(o)
	If
(1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2
is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period, make available for inspection by any selling
Holder of such Registrable Notes being sold, or each such Participating Broker-Dealer, as the case may be, any underwriter participating in any such disposition of Registrable Notes, if any, and any
attorney, accountant or other agent retained by any such selling Holder or each such Participating Broker-Dealer, as the case may be, or underwriter (collectively, the
"Inspectors"), at the offices where normally kept, during reasonable business hours, all financial and other records and pertinent corporate documents
of the Company and its subsidiaries (collectively, the "Records") as shall be reasonably necessary to enable them to exercise any applicable due
diligence responsibilities, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information reasonably requested in writing by any such Inspector in
connection with such Registration Statement. Each Inspector shall agree in writing that it will keep the Records confidential and not disclose any of the Records unless (i) the disclosure of
such Records is necessary to avoid or correct a misstatement or omission in such Registration Statement, (ii) the release of such Records is ordered pursuant to a subpoena or other order from a
court of competent jurisdiction, (iii) the information in such Records is public or has been made generally available to the public other than as a result of a disclosure or failure to
safeguard by such Inspector or (iv) disclosure of such information is, in the reasonable written opinion of counsel for any Inspector, necessary or advisable in connection with any action,
claim, suit or proceeding, directly or indirectly, involving or potentially involving such Inspector and arising out of, based upon, related to, or involving this Agreement, or any transaction
contemplated hereby or arising hereunder. Each selling Holder of such Registrable Notes and each such Participating Broker-Dealer will be required to agree that information obtained by it as a result
of such inspections shall be deemed confidential and shall not be used by it as the basis for any market transactions in the securities of the Company unless and until such is made generally available
to the public. Each Inspector, each selling Holder of such Registrable Notes and each such Participating Broker-Dealer will be required to further agree that it will, upon learning that disclosure of
such Records is sought in a court of competent jurisdiction, give notice to the Company and, to the extent 

14

 

practicable,
use its best efforts to allow the Company, at its expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential at its expense. 

	(p)
	Comply
with all applicable rules and regulations of the SEC and make generally available to the security holders of the Company with regard to any applicable Registration Statement
earning statements satisfying the provisions of section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than
45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) (i) commencing at the end of
any fiscal quarter in which Registrable Notes are sold to underwriters in a firm commitment or best efforts underwritten offering and (ii) if not sold to underwriters in such an offering,
commencing on the first day of the first fiscal quarter of the Company after the effective date of a Registration Statement, which statements shall cover said 12-month periods.

	(q)
	Upon
consummation of an Exchange Offer or Private Exchange, obtain an opinion of counsel to the Company and the Subsidiary Guarantors (in form, scope and substance reasonably
satisfactory to the Initial Purchasers), addressed to the Trustee for the benefit of all Holders participating in the Exchange Offer or Private Exchange, as the case may be, to the effect that
(i) the Company and the Subsidiary Guarantors have duly authorized, executed and delivered the Exchange Notes or the Private Exchange Notes, as the case may be, and the Indenture and
(ii) the Exchange Notes or the Private Exchange Notes, as the case may be, and the Indenture constitute legal, valid and binding obligations of the Company and the Subsidiary Guarantors,
enforceable against the Company and the Subsidiary Guarantors in accordance with their respective terms, except as such enforcement may be subject to customary United States and foreign exceptions.

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

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

	(t)
	Use
its best efforts to cause all Securities covered by a Registration Statement to be listed on each securities exchange, if any, on which similar debt securities issued by the
Company are then listed.

	(u)
	Use
its best efforts to take such other steps as may be reasonably necessary to effect the registration of the Registrable Notes covered by a Registration Statement contemplated
hereby. 

15

  

	(v)
	The
Company may require each seller of Registrable Notes or Participating Broker-Dealer as to which any registration is being effected to furnish to the Company such information
regarding such seller or Participating Broker-Dealer and the distribution of such Registrable Notes as the Company may, from time to time, reasonably request in writing. The Company may exclude from
such registration the Registrable Notes of any seller who fails to furnish such information within a reasonable time (which time in no event shall exceed 45 days, subject to
Section 3(d)) hereof) after receiving such request. Each seller of Registrable Notes or Participating Broker-Dealer as to which any registration is being effected agrees to furnish promptly to
the Company all information required to be disclosed in order to make the information previously furnished by such seller not materially misleading.

	(w)
	Each
Holder of Registrable Notes and each Participating Broker-Dealer agrees by acquisition of such Registrable Notes or Exchange Notes to be sold by such Participating Broker-Dealer,
as the case may be, that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 6(e)(2)(ii), 6(e)(2)(iii), 6(e)(2)(iv), 6(e)(2)(v), or
6(e)(2)(vi), such Holder will forthwith discontinue disposition of such Registrable Notes covered by a Registration Statement and such Participating Broker-Dealer will forthwith discontinue
disposition of such Exchange Notes pursuant to any Prospectus and, in each case, forthwith discontinue dissemination of such Prospectus until such Holder's or Participating Broker-Dealer's receipt of
the copies of the supplemented or amended Prospectus contemplated by Section 6(k), or until it is advised in writing (the "Advice") by the
Company and the Subsidiary Guarantors that the use of the applicable Prospectus may be resumed, and has received copies of any amendments or supplements thereto and, if so directed by the Company and
the Subsidiary Guarantors, such Holder or Participating Broker-Dealer, as the case may be, will deliver to the Company all copies, other than permanent file copies, then in such Holder's or
Participating Broker-Dealer's possession, of the Prospectus covering such Registrable Notes current at the time of the receipt of such notice. In the event the Company and the Subsidiary Guarantors
shall give any such notice, the Applicable Period shall be extended by the number of days during such periods from and including the date of the giving of such notice to and including the date when
each Participating Broker-Dealer shall have received (x) the copies of the supplemented or amended Prospectus contemplated by Section 6(k) or (y) the Advice.

	7.
	Registration Expenses

	(a)
	All
fees and expenses incident to the performance of or compliance with this Agreement by the Company and the Subsidiary Guarantors shall be borne by the Company and the Subsidiary
Guarantors, whether or not the Exchange Offer or a Shelf Registration is filed or becomes effective, including, without limitation, (i) all registration and filing fees, including, without
limitation, (A) fees with respect to filings required to be made with the NASD in connection with any Underwritten Offering and (B) fees and expenses of compliance with state securities
or Blue Sky laws as provided in Section 6(h) hereof (including, without limitation, reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the Registrable
Notes or Exchange Notes and determination of the eligibility of the Registrable Notes or Exchange Notes for investment under the laws of such jurisdictions (x) where the Holders are located, in
the case of the Exchange Notes, or (y) as provided in Section 6(h), in the case of Registrable Notes or Exchange Notes to be sold by a Participating Broker-Dealer during the Applicable
Period)), (ii) printing expenses, including, without limitation, expenses of printing Prospectuses if the printing of Prospectuses is requested by the managing underwriter or underwriters, if
any, or by the Holders of a majority in aggregate principal amount of the Registrable Notes included in any Registration Statement or by any Participating Broker-Dealer during the Applicable Period,
as the case 

16

 

may
be, (iii) messenger, telephone and delivery expenses incurred in connection with the performance of their obligations hereunder, (iv) fees and disbursements of counsel for the
Company, the Subsidiary Guarantors and, subject to 7(b), the Holders, (v) fees and disbursements of all independent certified public accountants referred to in Section 6 (including,
without limitation, the expenses of any special audit and "cold comfort" letters required by or incident to such performance), (vi) rating agency fees and the fees and expenses incurred in
connection with the listing of the Securities to be registered on any securities exchange, (vii) Securities Act liability insurance, if the Company and the Subsidiary Guarantors desire such
insurance, (viii) fees and expenses of all other Persons retained by the Company and the Subsidiary Guarantors, (ix) fees and expenses of any "qualified independent underwriter" or other
independent appraiser participating in an offering pursuant to Section 3 of Schedule E to the By-laws of the NASD, but only where the need for such a "qualified independent
underwriter" arises due to a relationship with the Company and the Subsidiary Guarantors, (x) internal expenses of the Company and the Subsidiary Guarantors (including, without limitation, all
salaries and expenses of officers and employees of the Company or the Subsidiary Guarantors performing legal or accounting duties), (xi) the expense of any annual audit, (xii) the fees
and expenses of the Trustee and the Exchange Agent and (xiii) the expenses relating to printing, word processing and distributing all Registration Statements, underwriting agreements,
securities sales agreements, indentures and any other documents necessary in order to comply with this Agreement. 

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

	8.
	Indemnification

	(a)
	Indemnification by the Company and the Subsidiary Guarantors. The Company and the Subsidiary Guarantors jointly and severally agree to
indemnify and hold harmless each Holder of Registrable Notes, Exchange Notes or Private Exchange Notes and each Participating Broker-Dealer selling Exchange Notes during the Applicable Period, each
Person, if any, who controls each such Holder (within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act) and the officers, directors and partners of
each such Holder, Participating Broker-Dealer and controlling person, to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, costs (including, without
limitation, reasonable costs of preparation and reasonable attorneys' fees as provided in this Section 8) and expenses (including, without limitation, reasonable costs and expenses incurred in
connection with investigating, preparing, pursuing or defending against any of the foregoing) (collectively, "Losses"), as incurred, directly or
indirectly caused by, related to, based upon, arising out of or in connection with any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus or form
of prospectus, or in any amendment or supplement thereto, or in any preliminary prospectus, or any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to 

17

 

make
the statements therein, in light of the circumstances under which they were made, not misleading, but only to the extent, that such Losses are finally judicially determined by a court of
competent jurisdiction in a final, unappealable order, except insofar as such Losses are solely based upon information relating to such Holder or Participating Broker-Dealer and furnished in writing
to the Company and the Subsidiary Guarantors (or reviewed and approved in writing) by such Holder or Participating Broker-Dealer or their counsel expressly for use therein;  provided, however, that the
Company and the Subsidiary Guarantors will not be liable to any Indemnified Party (as defined below) under this
Section 8 to the extent Losses were solely caused by an untrue statement or omission or alleged untrue statement or omission that was contained or made in any preliminary prospectus and
corrected in the Prospectus or any amendment or supplement thereto if (i) the Prospectus does not contain any other untrue statement or omission or alleged untrue statement or omission of a
material fact that was the subject matter of the related proceeding, (ii) any such Losses resulted from an action, claim or suit by any Person who purchased Registrable Notes or Exchange Notes
which are the subject thereof from such Indemnified Party and (iii) it is established in the related proceeding that such Indemnified Party failed to deliver or provide a copy of the Prospectus
(as amended or supplemented) to such Person with or prior to the confirmation of the sale of such Registrable Notes or Exchange Notes sold to such Person if required by applicable law, unless such
failure to deliver or provide a copy of the Prospectus (as amended or supplemented) was a result of noncompliance by the Company with Section 6 of this Agreement. The Company and the Subsidiary
Guarantors also agree to indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals participating in the distribution, their officers, directors, agents and
employees and each Person who controls such Persons (within the meaning of Section 5 of the Securities Act or Section 20(a) of the Exchange Act) to the same extent as provided above with
respect to the indemnification of the Holders or the Participating Broker-Dealer. 

	(b)
	Indemnification by Holder. In connection with any Registration Statement, Prospectus or form of prospectus, any amendment or supplement
thereto, or any preliminary prospectus in which a Holder is participating, such Holder shall furnish to the Company and the Subsidiary Guarantors in writing such information as the Company and the
Subsidiary Guarantors reasonably request for use in connection with any Registration Statement, Prospectus or form of prospectus, any amendment or supplement thereto, or any preliminary prospectus and
shall indemnify and hold harmless the Company, the Subsidiary Guarantors, their respective directors and each Person, if any, who controls the Company and the Subsidiary Guarantors (within the meaning
of Section 15 of the Securities Act and Section 20(a) of the Exchange Act), and the directors, officers and partners of such controlling persons, to the fullest extent lawful, from and
against all Losses arising out of or based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus or form of prospectus or in any amendment
or supplement thereto or in any preliminary prospectus, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading to the extent, but only to the extent, that such losses are finally judicially determined by a court of competent
jurisdiction in a final, unappealable order to have resulted solely from an untrue statement or alleged untrue statement of a material fact or omission or alleged omission of a material fact contained
in or omitted from any information so furnished in writing by such Holder to the Company and the Subsidiary Guarantors expressly for use therein. Notwithstanding the foregoing, in no event shall the
liability of any selling Holder be greater in amount than such Holder's Maximum Contribution Amount (as defined below). 

18

 

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

        The
Indemnifying Party shall have the right, exercisable by giving written notice to an Indemnified Party, within 20 Business Days after receipt of written notice from such Indemnified
Party of such proceeding, to assume, at its expense, the defense of any such proceeding, provided, that an Indemnified Party shall have the right to
employ separate counsel in any such proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or parties unless:
(1) the Indemnifying Party has agreed to pay such fees and expenses; or (2) the Indemnifying Party shall have failed promptly to assume the defense of such proceeding or shall have
failed to employ counsel reasonably satisfactory to such Indemnified Party; or (3) the named parties to any such proceeding (including any impleaded parties) include both such Indemnified Party
and the Indemnifying Party or any of its affiliates or controlling persons, and such Indemnified Party shall have been advised by counsel that there may be one or more defenses available
to such Indemnified Party that are in addition to, or in conflict with, those defenses available to the Indemnifying Party or such affiliate or controlling person (in which case, if such Indemnified
Party notifies the Indemnifying Parties in writing that it elects to employ separate counsel at the expense of the Indemnifying Parties, the Indemnifying Parties shall not have the right to assume the
defense and the reasonable fees and expenses of such counsel shall be at the expense of the Indemnifying Party; it being understood, however, that, the Indemnifying Party shall not, in connection with
any one such proceeding or separate but substantially similar or related proceedings in the same jurisdiction, arising out of the same general allegations or circumstances, be liable for the fees and
expenses of more than one separate firm of attorneys (together with appropriate local counsel) at any time for such Indemnified Party). 

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

	(d)
	Contribution. If the indemnification provided for in this Section 8 is unavailable to an Indemnified Party or is insufficient to
hold such Indemnified Party harmless for any Losses in respect of which this Section 8 would otherwise apply by its terms (other than by reason of exceptions provided in this Section 8),
then each applicable Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall have a joint and several obligation to contribute to the amount paid or payable by such Indemnified Party
as a result of such Losses, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party, on the one hand, and such Indemnified Party, on the other hand, in connection
with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable 

19

 

considerations.
The relative fault of such Indemnifying Party, on the one hand, and Indemnified Party, on the other hand, shall be determined by reference to, among other things, whether any untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by such Indemnifying Party or Indemnified Party, and the parties'
relative intent, knowledge, access to information and opportunity to correct or prevent any such statement or omission. The amount paid or payable by an Indemnified Party as a result of any Losses
shall be deemed to include any legal or other fees or expenses incurred by such party in connection with any proceeding, to the extent such party would have been indemnified for such fees or expenses
if the indemnification provided for in Section 8(a) or 8(b) was available to such party. 

        The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were determined by pro rata allocation or by other method of
allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 8(d), a selling Holder
shall not be required to contribute, in the aggregate, any amount in excess of such Holder's Maximum Contribution Amount. A selling Holder's "Maximum Contribution
Amount" shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over
(ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. The Holders' obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each
Holder hereunder and not joint. The Company's and Subsidiary Guarantors' obligations to contribute pursuant to this Section 8(d) are joint and several. 

        The
indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties. 

	9.
	Rules 144 and 144A

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

20

  

	10.
	Underwritten Registrations of Registrable Notes

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

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

	11.
	Miscellaneous

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

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

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

	(d)
	Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, otherwise than with the prior written consent of the Holders of not less than a majority in aggregate principal amount of the then outstanding
Registrable Notes in circumstances that would adversely affect any Holders of Registrable Notes; provided,  however, that Section 8 and this
Section 11(d) may not be amended, modified or supplemented without the prior written consent of each
Holder. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders of Registrable Notes whose
securities are being tendered pursuant to the Exchange Offer or sold pursuant to a Notes Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the rights
of other Holders of Registrable Notes may be given by 

21

 

Holders
of at least a majority in aggregate principal amount of the Registrable Notes being tendered or being sold by such Holders pursuant to such Notes Registration Statement. 

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

	(i)
	if
to a Holder of Securities or to any Participating Broker-Dealer, at the most current address of such Holder or Participating Broker-Dealer, as the case may be, set
forth on the records of the registrar of the Notes, with a copy in like manner to the Initial Purchasers as follows: 

Jeffries &
Company, Inc.

11100 Santa Monica Boulevard

10th Floor

Los Angeles, California 90025

Facsimile No.: (310) 575-5165

Attention:    Lloyd H. Feller, Esq. 

and 

Jefferies
International Limited

Bracken House, Floor 4

1 Friday Street

London EC4M 9JA

England

Attention:    John Conroy 

with
a copy to: 

Proskauer
Rose LLP

1585 Broadway

New York, New York 10036

Facsimile No.: (212) 969-2900

Attention: Julie M. Allen, Esq. 

	(ii)
	if
to the Initial Purchasers, at the address specified in Section 11(e)(i);

	(iii)
	if
to the Company or any Subsidiary Guarantor, as follows: 

Altra
Industrial Motion, Inc.

14 Hayward Street

Quincy, Massachusetts 02171

Facsimile No. (617) 689-6202

Attention: Michael L. Hurt 

with
a copy to: 

Weil
Gotshal & Manges, LLP

767 Fifth Avenue

New York, NY 10153

Facsimile No. (212) 310-8007

Attention: Todd R. Chandler, Esq. 

        All
such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally delivered; five Business Days after being deposited in the United
States mail, postage prepaid, if mailed, one Business Day after being deposited in the United States mail, postage 

22

 

prepaid,
if mailed; one Business Day after being timely delivered to a next-day air courier guaranteeing overnight delivery; and when receipt is acknowledged by the addressee, if
telecopied. 

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

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

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

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

	(i)
	Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICT OF LAW. THE COMPANY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT
SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY ACCEPTS FOR ITS AND IN RESPECT OF
ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. THE COMPANY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TRIAL BY JURY
AND ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. THE COMPANY IRREVOCABLY CONSENTS, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, TO THE SERVICE OF PROCESS OF
ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE COMPANY AT ITS SAID ADDRESS, SUCH SERVICE TO
BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY HOLDER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST THE COMPANY IN ANY OTHER JURISDICTION.

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

23

 

	(k)
	Securities Held by the Company or Its Affiliates. Whenever the consent or approval of Holders of a specified percentage of Securities
is required hereunder, Securities held by the Company or its affiliates (as such term is defined in Rule 405 under the Securities Act) shall not be counted in determining whether such consent
or approval was given by the Holders of such required percentage.

	(l)
	Third Party Beneficiaries. Holders and Participating Broker-Dealers are intended third party beneficiaries of this Agreement and this
Agreement may be enforced by such Persons.

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

	(n)
	Blackout Period.

	(i)
	Notwithstanding
anything herein to the contrary, the Company may suspend the filing, effectiveness or use of any Registration Statement (and therefore suspend sales
thereunder) for certain periods ("Blackout Periods") if the majority of the Company's board of directors (the
"Board") determines in good faith that the offer or sale of Registrable Securities thereunder would (A) materially impede, delay or interfere
with any material pending or proposed financing, acquisition, corporate reorganization or other similar transaction involving the Company for which the Board has authorized negotiations; or (B)require
disclosure of material nonpublic information which, if disclosed at such time, would be materially harmful to the Company's interests.

	(ii)
	The
cumulative Blackout Periods in any 12-month period commencing on the Closing Date may not exceed an aggregate of 90 days during any
12 month period. The Company may exercise its rights pursuant to this Section 11(n) twice during any 12 month period, and then only as to separate events. 

24

EXECUTION COPY  

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

	 	ALTRA INDUSTRIAL MOTION, INC.
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
AMERICAN ENTERPRISE MPT CORP.
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
AMERICAN ENTERPRISES MPT HOLDINGS, LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
AMERIDRIVES INTERNATIONAL, LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
BOSTON GEAR LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
FORMSPRAG LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	 	 	 	 

	

 	
THE KILIAN COMPANY
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
KILIAN MANUFACTURING CORPORATION
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
NUTTALL GEAR LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
WARNER ELECTRIC INTERNATIONAL HOLDING, INC.
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	

 	
WARNER ELECTRIC LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer
	 	 	 	 

	

 	
WARNER ELECTRIC TECHNOLOGY, LLC
	
 	

By:	

/s/  MICHAEL L. HURT      

	 	 	Name:	Michael L. Hurt
	 	 	Title:	Chief Executive Officer

	
ACCEPTED AND AGREED TO:	

 
	

JEFFERIES & COMPANY, INC.	

 
	
By:	

/s/  M. BRENT STEVENS      

	 	Name: M. Brent Stevens

Title: Executive Vice President
	
JEFFERIES INTERNATIONAL LIMITED	

 
	
By:	

/s/  CLIFF SIEGEL      

	 	Name: Cliff Siegel

Title: Chief Executive Officer

QuickLinks

EXHIBIT 4.3

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