Document:

EXHIBIT 10.1

 Exhibit 10.1 
 ASSET PURCHASE AGREEMENT 
 This Asset Purchase Agreement
(this “Agreement”) is entered into on July 22, 2013, by and among nCrowd, Inc., a Delaware corporation (“Buyer”), Local Corporation, a Delaware corporation (“Local”), and
Screamin Media Group, Inc., a Delaware corporation (a wholly owned subsidiary of Local, “SMG”, and collectively with Local, “Seller”). Buyer, Local and SMG are referred to collectively herein as the
“Parties.” 
 This Agreement contemplates a transaction in which Buyer will purchase
certain of the assets (and assume certain of the liabilities) of Seller in return for cash in conjunction with the transfer of Seller’s collective buying and “daily deals” business commonly known as Spreebird (and specifically
excluding (i) all general and administrative functions, such as finance, human resources and other similar functions, provided by Seller in support of the Business, and the foregoing will not be included as part of the Business, and
(ii) the operation of proprietary web sites, such as www.local.com, the operation of a location-based shopping data company, including the placement of location-based shopping data within rich media advertising, such as available at www.krillion.com, the operation of a private label directory
business, such as Seller’s Local Connect offering, the operation of a premium ad network, and the operation of a sales and ad services business pursuant to which the Seller sells or licenses websites, web listings, display advertising
(including rich media advertising), pay-per-click advertising and other services to small and medium size businesses) (the “Business”). 

Now, therefore, in consideration of the premises and the mutual promises herein made, and in consideration of the
representations, warranties, and covenants herein contained, the Parties agree as follows. 
 SECTION
1.    DEFINITIONS. 
 “Acquired Assets” (including data relating to active,
inactive, and unsubscribed customers) means all right, title, and interest in and to (a) Seller’s customer subscriber base related to the Business, (b) the Merchant Database, and (c) those assets specifically set forth on
Schedule 1.1 hereto; provided, however, that the Acquired Assets shall NOT include (i) the company charter, minute books, shares transfer books, blank share certificates, and other documents relating to the organization,
maintenance, and existence of either SMG or Local as a company, (ii) any cash and cash equivalents, including cash on hand or in bank accounts, certificates of deposit, commercial paper and securities, (iii) any prepaid expenses
(iv) any accounts receivable and notes receivable and books and records relating to such accounts receivable and notes receivable, or (v) any of the rights of SMG or Local under this Agreement. 

“Business” has the meaning set forth in the second paragraph of this Agreement. 

“Buyer” has the meaning set forth in the preface above. 

“Closing” has the meaning set forth in Section 2(d) below. 

“Closing Date” has the meaning set forth in Section 2(d) below. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Confidential Information” means any information concerning the Business that is not already generally
available to the public other than by reason of a breach of this Agreement. “Confidential Information” includes any information in the Merchant Database and any other information or data used or gathered in the Business or relating to the
Acquired Assets. 
 “Excluded Assets” has the meaning set forth in Section 2(a) hereof.

 “Excluded Liabilities” has the meaning set forth in Section 2(b) hereof. 

  
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 “Financial Statements” has the meaning set forth in
Section 3(i) below. 
 “Intellectual Property” means all of the following in any
jurisdiction throughout the world: (a) all inventions (whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all
reissuances, continuations, divisions, continuations-in-part, revisions, extensions, and reexaminations thereof, (b) all trademarks, service marks, trade dress, logos, slogans, trade names, corporate names, Internet domain names, other source
identifiers, and rights in telephone numbers, together with all translations, adaptations, derivations, and combinations thereof and including all goodwill associated therewith, and all applications, registrations, and renewals in connection
therewith, (c) all copyrightable works, all copyrights, and all applications, registrations, and renewals in connection therewith, (d) all mask works and all applications, registrations, and renewals in connection therewith, (e) all
trade secrets and confidential, technical, and business information (including ideas, research and development, know-how, formulas, compositions, manufacturing and production processes and techniques, technical data, designs, drawings,
specifications, customer and supplier lists, pricing and cost information, and business and marketing plans and proposals), (f) all computer software (including source code, executable code, data, databases, and related documentation),
(g) all material advertising and promotional materials, (h) all other proprietary rights, and (i) all copies and tangible embodiments thereof (in whatever form or medium). 

“Knowledge” means actual knowledge after a reasonable inquiry. “Knowledge of Seller” shall mean
the actual knowledge, after a reasonable inquiry, of Heath Clarke and Michael Sawtell. 

“Liability” or “Liabilities” (whether or not capitalized) means any direct or indirect
indebtedness, guaranty, endorsement, claim, loss, damage, deficiency, cost, expense (including capital improvements), fine, penalty, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted, liquidated or
unliquidated, secured or unsecured. 
 “Lien” means any mortgage, pledge, lien, encumbrance,
charge, or other security interest. 
 “Material Adverse Effect” or “Material Adverse
Change” means any effect or change that would be materially adverse to the Acquired Assets, taken as a whole, or to the ability of any Party to consummate timely the transactions contemplated hereby. 

“Merchant Database” means all merchant contact information contained in Seller’s CRM (or similar)
system related to the Business, including all merchants who have run “deals” with Seller since its inception (including all data relating to those deals), and all merchants considered leads to the extent maintained in such database.

 “Merchant Payables” means all payables or Liabilities to merchants who have run
“deals” with Seller related to the Business since its inception. 
 “Minimum Purchase
Price” means Two Hundred Nine Thousand Nine Hundred Fifty Dollars ($209,950). 
 “Monthly
Revenue Share” means an amount equal to the product of (i) forty percent (40%), multiplied by (ii) the Net Revenue for the preceding month at the time of calculation. 

“Net Revenue” means, for any month, the difference between (i) the Buyer’s gross billing
revenue resulting directly from the Acquired Assets during the month, minus (ii) the aggregate sum of Buyer’s merchant costs, credit card fees, refunds and credits (excluding PCL Claims that are set off pursuant to Section 7(f)
of this Agreement), discounts and affiliate fees that are incurred with respect to the Acquired Assets for the month. 
 “Party” has the meaning set forth in the preface above. 
 “Payoff Date” means the thirteen (13) month anniversary of the Closing Date. 

  
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 “Person” means an individual, a partnership, a corporation,
a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, any other business entity or a governmental entity (or any department, agency, or political subdivision thereof).

 “Purchase Price” has the meaning set forth in Section 2(c) below. 

“Recent Balance Sheet” has the meaning set forth in Section 3(i) below. 

“Seller” has the meaning set forth in the preface above. 

“Taxes” means any federal, state, county, local, territorial, provincial or foreign income, net income,
gross receipts, single business, unincorporated business, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Section 59A of the Internal Revenue Code of 1986, as
amended), customs duties, capital stock, franchise, profits, gains, withholding, social security (or similar), payroll, unemployment, disability, workers compensation, real property, personal property, ad valorem, replacement, sales, use, transfer,
registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty or addition, whether or not disputed and whether imposed by law, order, contract or otherwise. 

“Tax Return” means any return, declaration, report, estimate, claim for refund, or information return or
statement relating to, or required to be filed in connection with, any Taxes, including any schedule, form, attachment or amendment. 
 SECTION 2. 
 BASIC TRANSACTION 

(a)            Purchase and Sale of Assets. On and
subject to the terms and conditions of this Agreement, Buyer agrees to purchase from Seller, and Seller agrees to sell, transfer, convey, and deliver to Buyer, all of the Acquired Assets at the Closing for the consideration specified below in this
Section 2. The Acquired Assets specifically do not include those items set forth on Schedule 2(a) (the “Excluded Assets”). 
 (b)            No Assumption of Liabilities. Buyer will not assume or have any responsibility with respect to any obligation or liability
of Seller or related to the Acquired Assets to the extent such liability was incurred on or prior to the Closing Date or related to the period on or prior to the Closing Date (referred to as “Excluded Liabilities”). The
“Excluded Liabilities” shall include, but not be limited to, the Merchant Payables owed with respect to the period on or prior to the Closing Date, credit-card chargebacks related to transactions undertaken on or prior to the Closing Date,
refunds payable related to transactions undertaken on or prior to the Closing Dated, other accounts payable related to liabilities incurred on or prior to the Closing Date, Liabilities for accrued vacation pay or paid-time off owed by Seller, and
Liabilities for Taxes owed by Seller. 

(c)            Purchase Price. Buyer agrees to pay to
Seller the following consideration: 
  (i)        Commencing on
August 22, 2013 (the “First Payment Date”) and on each of next twelve monthly anniversaries of the First Payment Date (with the First Payment Date, each a “Monthly Payment Date”) until and
including the Payoff Date, Buyer shall pay to Local a monthly amount (a “Monthly Payment”) equal to the greater of (A) Five Thousand Dollars ($5,000), or (B) the Monthly Revenue Share. 

 (ii)        If, and only if, the aggregate sum of the Monthly Payments made
by the Buyer to the Local through and including the Payoff Date does not exceed the Minimum Purchase Price, commencing on the fourteen (14) month anniversary of the Closing Date and continuing on each succeeding monthly anniversary of the
Closing Date, Buyer shall make Monthly Payments to Local, until the sum of all Monthly Payments made by Buyer equals the Minimum Purchase Price. For purposes of clarity, in the event that Local receives the Minimum Purchase Price prior to the Payoff
Date, then Local shall continue to receive the Monthly Payment through and including the Payoff Date. 

  
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(d)            Closing. The closing of the transactions
contemplated by this Agreement (the “Closing”) shall take place in escrow via facsimile exchange of documents at such place and on such date as the Parties may mutually determine no later than one (1) business day
following the satisfaction or waiver of all conditions set forth in Section 6 hereof (the “Closing Date”). Effective as of the closing, Local hereby releases and all Liens that it has in the assets of SMG that are
included in the Acquired Assets. 

(e)            Deliveries at the Closing. At the
Closing, (i) Seller will deliver to Buyer a bill of sale in a form acceptable to Buyer plus the various certificates, instruments, and documents referred to in Section 6(a) below, and such other instruments as Buyer and its counsel
may reasonably request (such as a bill of sale); (ii) Buyer will deliver to Seller the various certificates, instruments, and documents referred to in Section 6(b) below, and such other instruments as Seller and its counsel may reasonably
request; and (iii) Buyer will deliver to Seller the consideration specified in Section 2(c) above. 

(f)            Proration of Expenses. The operating
expenses relating to the Acquired Assets and Business listed on Schedule 2(f) shall be prorated as of the Closing Date, with Seller liable to the extent such items relate to any time period up to and including the Closing Date and Buyer
liable to the extent such items relate to periods subsequent to the Closing Date. Except as otherwise specifically provided herein, the net amount of all such prorations will be settled and paid on the Closing Date or as soon thereafter as mutually
agreed upon by the Parties. 
 SECTION 3. 
 REPRESENTATIONS AND WARRANTIES BY SMG AND LOCAL 
 SMG and Local jointly and
severally represent and warrant to Buyer that the statements contained in this Section 3 are correct and complete as of the date of this Agreement and will be correct and complete as of the Closing Date (as though made then and as though the
Closing Date were substituted for the date of this Agreement throughout this Section 3). 

(a)            Organization of Seller. SMG is a
corporation duly organized and validly existing with an “active” status under the laws of the State of Delaware. Local is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware.

 (b)            Authorization of
Transaction. Each of SMG and Local has full power and authority (including full corporate or other entity power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid
and legally binding obligation of SMG and Local, enforceable in accordance with its terms and conditions. 

(c)            Non-contravention. Neither the execution
and delivery of this Agreement, nor the consummation of the transactions contemplated hereby, will (i) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any
government, governmental agency, or court to which Local, SMG or any of their subsidiaries is subject or any provision of the certificate of incorporation or bylaws of Local or SMG, or (ii) conflict with, result in a breach of, constitute a
default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which SMG or Local is a
party or by which it is bound or to which any of its respective assets is subject (or result in the imposition of any Lien upon any of the Acquired Assets), except (A) where the violation, conflict, breach, default, acceleration, termination,
modification, cancellation, failure to give notice, would not have a Material Adverse Effect and would not create a Lien on the Acquired Assets, and (B) except for the third-party consents listed on Schedule 3(c) hereto, which consents
will be provided on or prior to Closing. Neither SMG nor Local needs to give any notice to, make any filing with, or obtain any authorization, consent, or approval of any government or 

  
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governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement, except where the failure to give notice, to file, or to obtain any authorization,
consent, or approval would not have a Material Adverse Effect. 

(d)            Brokers’ Fees. Neither SMG nor
Local has any Liability or obligation to pay any fees or commissions to any broker, finder, or agent with respect to the transactions contemplated by this Agreement for which Buyer could become liable or obligated. 

(e)            Title to Assets. SMG and Local have good
and marketable title to all of the Acquired Assets, free and clear of any Liens or restriction on transfer. The Acquired Assets comprise all assets necessary to operate the Business immediately after the Closing in substantially the same manner that
the Business was operated immediately prior to the Closing. Schedule 3(e) sets forth a list, as of the date hereof, of the number of direct subscribers to “deals” that the Seller has in each county in which the Seller operates the
Business. 
 (f)            Subsidiaries. SMG
is a wholly owned subsidiary of Local. SMG does not have any subsidiaries. 

(g)            Legal Compliance. SMG has complied with
all applicable laws (including rules, regulations, codes, plans, injunctions, judgments, orders, decrees, rulings, and charges thereunder and including the Foreign Corrupt Practices Act, 15 U.S.C. 78dd-1, et seq.) of federal, state, local, and
non-U.S. governments (and all agencies thereof), and no action, suit, proceeding, hearing, investigation, charge, complaint, claim, demand, or notice has been filed or commenced (or, to the Knowledge of SMG, threatened) against SMG alleging any
failure so to comply. 

(h)            Intellectual Property. To the Knowledge
of Seller, none of the Acquired Assets infringe upon, dilute, misappropriate, or otherwise come into conflict with, any Intellectual Property rights of third parties. To the Knowledge of Seller, no third-party is currently infringing,
misappropriating or otherwise violating, or has infringed, misappropriated or otherwise violated, the rights of Seller in any Acquired Assets. 
 (i)            Financial Statements. Attached as Schedule 3(i) hereto are financial statements related to the Business and the
Acquired Assets (collectively, the “Financial Statements”) consisting of (A) the unaudited pro forma balance sheet of the Business as of March 31, 2013 (the “Recent Balance Sheet”) and the
related unaudited statements of earnings for the three-month period then ended, and (B) the unaudited pro forma balance sheet of the Business as of December 31, 2012 and the related unaudited statements of earnings for the twelve-month
period then ended. The Financial Statements (a) are correct and complete in all material respects; (b) are prepared in accordance with the books and records of Seller on the accrual basis of accounting; and (c) fairly present, in all
material respects, the assets, Liabilities, financial position, and results of operations of the Business as of the dates and for the periods indicated. 
 (j)            Books and Records. All accounts, books, ledgers, and official and other records material to the Business have been
properly and accurately kept and completed in all material respects, and there are no material inaccuracies or discrepancies of any kind contained or reflected therein. 
 (k)            Tax Matters. All Tax Returns required to be filed by or on behalf of the SMG and Local have been timely filed and, when
filed, were true, correct and complete, and such Tax Returns contain all disclosures required by law. SMG and Local have duly paid and/or withheld all Taxes that they are required to withhold and/or pay, including without limitation all employment
withholding Taxes. 
 (l)            Absence of Undisclosed
Liabilities. Except as and to the extent specifically set forth on the face of the Recent Balance Sheet or in Schedule 3(l), the Seller does not have any Liabilities related to the Business, other than commercial Liabilities related to
the Business incurred since the date of the Recent Balance Sheet in the ordinary course of business consistent with past practice. Schedule 3(l) also sets forth a true, correct, and complete list of all Merchant Payables as of the date
hereof. 

  
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(m)            Contracts.    
Schedule 3(m) contains a true, correct, and complete list of all material contracts, agreements, instruments, permits, and licenses (whether oral or written) that are used or held for use in the Business or necessary to operate the Business as
it is currently conducted. Each contract or other document disclosed on Schedule 3(m) or required to be disclosed on Schedule 3(m) is a valid and binding contract of Seller and is in full force and effect, and neither Seller nor,
to the Knowledge of Seller, any other party thereto, is in default or breach under the terms of any such contract. 
 (n)            Litigation. Except as set forth on Schedule 3(n), neither SMG nor Local is subject to any outstanding injunction,
judgment, order, decree, ruling, or charge nor is it a party to any action, suit, proceeding, hearing, or investigation of, in, or before any court or quasi-judicial or administrative agency of any federal, state, local, or non-U.S. jurisdiction or
before any arbitrator related to the Business. To the Knowledge of Seller, no such action, suit, proceeding, hearing, or investigation has been threatened against SMG or Local related to the Business. 

(o)            Subscribers and Merchants. Seller’s
customer subscriber base information provided to Buyer sets forth all of Seller’s customers since inception related to the Business. The Merchant Database provided to Buyer sets forth all of merchants that are offering or have offered deals via
Seller’s services since inception related to the Business, as well as all active target merchants related to the Business. 
 (p)            Privacy. Seller has complied with all applicable laws and regulations as well as its policies applicable to data privacy,
data security, and/or personal information. 

(q)            Disclosure. The representations and
warranties contained in this Section 3 and the schedules hereto do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements and information contained therein not
misleading. 
 (r)            Employees.
Seller is not required to give any notice under, or otherwise comply with, the Workers Adjustment and Retraining Notification Act and any similar applicable state or local law, rule or regulation in connection with the entering into of this
Agreement or any agreement contemplated hereby or the consummation of the transactions contemplated hereby and thereby. 
 (s)            Dissolution of Seller. Neither Local nor SMG have an intention of dissolving without satisfying or settling known
Liabilities to its creditors to the extent of its assets. The transactions contemplated hereby are not being made to hinder, delay, or avoid creditors of the Seller. 

(t)            NO OTHER WARRANTIES OR REPRESENTATIONS.
EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 3, NEITHER LOCAL, SMG NOR ANY OF THEIR REPRESENTATIVES MAKES ANY OTHER EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY WITH RESPECT TO LOCAL, SMG OR THE CONTEMPLATED TRANSACTIONS,
AND LOCAL AND SMG DISCLAIM ANY OTHER REPRESENTATIONS OR WARRANTIES, WHETHER MADE BY LOCAL, SMG OR ANY OF ITS REPRESENTATIVES. 

SECTION 4. 

BUYER’S REPRESENTATIONS AND WARRANTIES 
 Buyer represents and warrants to SMG and to Local that the statements contained in this Section 4 are correct and complete as of the date of this Agreement and will be correct and complete as of the
Closing Date (as though made then and as though the Closing Date were substituted for the date of this Agreement throughout this Section 4). 

  
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(a)            Organization of Buyer. Buyer is a
corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. 

(b)            Authorization of Transaction. Buyer has
full power and authority (including full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of Buyer, enforceable in
accordance with its terms and conditions. Buyer need not give any notice to, make any filing with, or obtain any authorization, consent, or approval of any government or governmental agency in order to consummate the transactions contemplated by
this Agreement. The execution, delivery and performance of this Agreement and all other agreements contemplated hereby have been duly authorized by Buyer. 
 (c)            Brokers’ Fees. Buyer has no Liability or obligation to pay any fees or commissions to any broker, finder, or agent
with respect to the transactions contemplated by this Agreement for which Seller could become liable or obligated. 
 (d)            Non-contravention. Neither the execution and delivery of this Agreement, nor the consummation of the transactions
contemplated hereby, will (i) violate any constitution, statute, regulation, rule, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, governmental agency, or court to which Buyer or any of its
subsidiaries is subject or any provision of the certificate of incorporation or bylaws of Buyer, or (ii) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any party the right to
accelerate, terminate, modify, or cancel, or require any notice under any agreement, contract, lease, license, instrument, or other arrangement to which Buyer is a party or by which it is bound or to which any of its respective assets is subject,
except (A) where the violation, conflict, breach, default, acceleration, termination, modification, cancellation, failure to give notice, would not have a Material Adverse Effect and would not create a Lien on the Acquired Assets, and
(B) except for the third-party consents listed on Schedule 4(d) hereto, which consents will be provided on or prior to Closing. Buyer does not need to give any notice to, make any filing with, or obtain any authorization, consent, or
approval of any government or governmental agency in order for the Parties to consummate the transactions contemplated by this Agreement, except where the failure to give notice, to file, or to obtain any authorization, consent, or approval would
not have a Material Adverse Effect. 

(e)            Availability of Funds. The Buyer will
have the funds sufficient to pay to Local the Purchase Price as and when such obligations become due and to consummate the transactions contemplated by this Agreement. 

(f)            Litigation. Except as set forth on
Schedule 4(f), Buyer is not subject to any outstanding injunction, judgment, order, decree, ruling, or charge nor is it a party to any action, suit, proceeding, hearing, or investigation of, in, or before any court or quasi-judicial or
administrative agency of any federal, state, local, or non-U.S. jurisdiction or before any arbitrator which questions the legality or propriety of the transactions contemplated by this Agreement or threatens to prevent or forestall the consummation
of the transactions contemplated by this Agreement. To the Knowledge of Buyer, no such action, suit, proceeding, hearing, or investigation has been threatened against Buyer. 

(g)            NO OTHER WARRANTIES OR REPRESENTATIONS.
EXCEPT FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS SECTION 4, NEITHER BUYER NOR ANY OF ITS REPRESENTATIVES MAKES ANY OTHER EXPRESS OR IMPLIED REPRESENTATION OR WARRANTY WITH RESPECT TO BUYER OR THE CONTEMPLATED TRANSACTIONS, AND BUYER
DISCLAIMS ANY OTHER REPRESENTATIONS OR WARRANTIES, WHETHER MADE BY BUYER OR ANY OF ITS REPRESENTATIVES. 

  
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 SECTION 5. 
 POST-CLOSING COVENANTS 

(a)               Post-Closing
Covenants. The Parties agree as follows with respect to the period following the Closing: 

(i)         Seller shall provide Buyer access to
Seller’s web- and database servers for up to thirty (30) days following the Closing Date for the sole purpose of integrating user and merchant data. 

(ii)        Reserved. 

(iii)       From and after the closing, SMG and Local shall not use or
disclose any Confidential Information without the prior written consent of Buyer, except that Local may make such regulatory disclosures, including without limitation disclosures on Form 8-K and in its annual and quarterly reports, as it deems
necessary or appropriate. 
 (iv)        Until the Buyer
has paid the Minimum Purchase Price, Buyer shall continue to operate the 10% school rewards program that was operated by Seller prior to this Agreement in substantially the same manner as it has historically been operated by Seller. 

(v)         Local and SMG agree that, for a period of two
(2) years after the Closing (the “Restrictive Period”), Local and SMG shall not (and shall cause their respective Affiliates not to), directly or indirectly, own, manage, operate or control any company or business substantially
similar to or competitive with the Business as of the Closing Date; provided however that nothing herein shall prevent Seller from (i) investing as a less than five percent (5%) shareholder of any company listed on a national securities
exchange, or (ii) displaying or syndicating “deals” on behalf of third parties engaged in the Business or a business similar to the Business, provided that in no instance during the Restrictive Period shall any such distribution of
“deals” be undertaken via email. For purposes of this paragraph, the term “Affiliate” shall have the meaning set forth in Rule 144 promulgated under the Securities Act of 1933, as amended. 

(vi)       Until the Buyer has paid the Minimum Purchase Price, Buyer
shall continue to provide “deals” to the customer subscriber base on at least a daily basis in substantially the same or better manner as it has historically been operated by Seller, including two (2) national deals per market per day
(but Buyer will not be required to run a local deal each day). 

(vii)      Until the Buyer has paid the Minimum Purchase Price or the 13
month anniversary following the Closing, whichever occurs later, Buyer shall provide Local with a monthly report of total Net Revenue derived from the Acquired Assets, an itemized schedule of those items substracted from the Buyer’s gross
billing revenue resulting directly from the Acquired Assets during the month to arrive at the Net Revenue amount, and a list of deals run pursuant to Section 5(a)(vi) for the immediately preceding month. 

SECTION 6. 

CONDITIONS TO OBLIGATION TO CLOSE 
 (a)             Conditions to Buyer’s Obligation. The obligation of Buyer to consummate the transactions to be performed by it
in connection with the Closing is subject to satisfaction of the following conditions: 

(i)       the representations and warranties set forth in
Section 3 above shall be true and correct in all material respects at and as of the Closing Date, except to the extent that such representations and warranties are qualified by the term “material,” or contain terms such as
“Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties (as so written, including the term “material” or “Material”) shall be true and correct in all respects
at and as of the Closing Date; 

  
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 (ii)      Seller shall have
performed and complied with all of its covenants hereunder in all material respects through the Closing, except to the extent that such covenants are qualified by the term “material,” or contain terms such as “Material Adverse
Effect” or “Material Adverse Change,” in which case Sellers shall have performed and complied with all of such covenants (as so written, including the term “material” or “Material”) in all respects through the
Closing; 
 (iii)      Seller shall have delivered to Buyer a
certificate to the effect that each of the conditions specified above in Section 6(a)(i)–(ii) is satisfied in all respects; 
 (iv)      Seller shall have delivered to Buyer administrative access to Spreebird.com applications, databases and code stores; 

(v)       all actions to be taken by Seller in connection with
consummation of the transactions contemplated hereby and all certificates, instruments, and other documents required to effect the transactions contemplated hereby will be in compliance with the terms and conditions of this Agreement; 

(vi)     all of Seller’s secured creditors shall have released any and all
interest in and to the Acquired Assets, including any Liens; and 

(vii)     Buyer shall have received all necessary third party consents for the
transfer of contracts and other rights included within the Acquired Assets. 
 Buyer may waive any condition specified in this
Section 6(a) if it executes a writing so stating at or prior to the Closing. 

(b)             Conditions to Seller’s
Obligation. The obligation of Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions: 

(i)        the representations and warranties set forth in
Section 4 above shall be true and correct in all material respects at and as of the Closing Date, except to the extent that such representations and warranties are qualified by the term “material,” or contain terms such as
“Material Adverse Effect” or “Material Adverse Change,” in which case such representations and warranties (as so written, including the term “material” or “Material”) shall be true and correct in all respects
at and as of the Closing Date; 
 (ii)        Buyer shall
have performed and complied with all of its covenants hereunder in all material respects through the Closing, except to the extent that such covenants are qualified by the term “material,” or contain terms such as “Material Adverse
Effect” or “Material Adverse Change,” in which case Buyer shall have performed and complied with all of such covenants (as so written, including the term “material” or “Material”) in all respects through the
Closing; 
 (iii)       Buyer shall have delivered to Seller a
certificate to the effect that each of the conditions specified above in Section 6(b)(i)–(ii) is satisfied in all respects; and 
 (iv)       all actions to be taken by Buyer in connection with consummation of the transactions contemplated hereby and all certificates, instruments, and other
documents required to effect the transactions contemplated hereby will be in compliance with the terms and conditions of this Agreement. 
 Seller may waive any condition specified in this Section 6(b) if it executes a writing so stating at or prior to the Closing. 

  
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 SECTION 7. 
 INDEMNITIES 

(a)            Indemnity by Seller. SMG and Local
shall jointly and severally indemnify and hold harmless Buyer and its directors, officers, and employees (collectively, “Buyer Indemnified Parties”), from and against any and all Liabilities, losses, damages, demands, claims,
suits, costs and expenses, including without limitation reasonable attorneys’ fees, and any and all amounts paid in settlement of any claim or litigation (collectively, “Damages”), asserted against, resulting to, imposed
upon, or incurred or suffered by any of them, directly or indirectly, as a result or arising out of the following: (i) any inaccuracy in or breach or non-fulfillment of any of the representations, warranties, covenants or agreements made by SMG
or Local in this Agreement or the other agreements and documents to be executed and delivered by SMG or Local pursuant to this Agreement; (ii) any and all Taxes (including all associated penalties, additions to Tax, and interest) relating to
the Acquired Assets for all taxable periods ending before the Closing Date and the portion through the end of the day immediately before the Closing Date for any taxable period that includes (but does not end on) such day; (iii) any Excluded
Liability and other Liability or obligation of SMG or Local of any nature whatsoever arising prior to the Closing Date; (iv) any unpaid Merchant Liabilities that Buyer, in Buyer’s sole reasonable discretion, elects to pay on behalf of
Seller after providing notice and opportunity for Seller to pay, (v) any refunds or credits that, Buyer’s sole discretion, elects to issue to Seller’s pre-Closing subscribers (unless Seller elects to process the refund itself), and/or
(vi) any claim made by any person against Buyer based on or resulting directly or indirectly from (a) any actual or alleged action or failure to act of SMG or Local (including, without limitation, its employees, officers or agents), but
only to the extent the same violates SMG’s or Local’s express representations and warranties contained in this Agreement; (b) any transaction, circumstance, sale of goods or services, state of facts, procedure, policy, practice or
other condition in connection with the Acquired Assets, in either event which occurred or existed before the Closing Date; or (c) with respect to an employee’s period of employment with SMG or Local, any violation of any employment Law or
regulation or Seller’s personnel policies including any policy concerning payment of wages, overtime, accrued vacation, paid time off, sick pay, severance pay or employee benefit. 

(b)            Indemnity by Buyer. Buyer shall
indemnify and hold harmless SMG and Local and their respective directors, officers, and employees (“Seller Indemnified Parties”) from and against all Damages asserted against, resulting to, imposed upon, or incurred or
suffered by any of them, directly or indirectly, as a result or arising out of the following: (i) any inaccuracy in or breach or non-fulfillment of any of the representations, warranties, covenants or agreements made by Buyer in this Agreement
or the other agreements and documents to be executed and delivered by Buyer pursuant to this Agreement, and/or (ii) any claim made by any person against a Seller Indemnified Party based on or resulting directly or indirectly from any
transaction, circumstance, sale of goods or services, state of facts, procedure, policy, practice or other condition in connection with the Acquired Assets, in either event which occurred on or after the Closing Date. 

(c)            Survival and Limitations. All of the
warranties, covenants and representations that are covered by the indemnification agreements in Sections 7(a) shall (i) survive the Closing and (ii) the representations and warranties shall expire on the first (1st) anniversary of the
Closing Date, provided that the representations and warranties set forth in Sections 3(a), 3(b), and 3(e) shall survive until the expiration of all statutes of limitations applicable to the matters referenced therein. No party shall seek or be
entitled to any punitive damages, consequential damages or damages based on estimated lost profits. The aggregate liability of the Seller for Damages under Section 7(a) shall not exceed the Purchase Price actually paid to and received by
Seller. 
 (d)            Claims Procedure for
Third-Party Claims. For purposes of this Agreement, “Indemnified Party” means the Buyer Indemnified Party or Seller Indemnified Party seeking indemnification under this Section 7 of this Agreement.
“Indemnifying Party” means the Party from whom indemnification is sought by the Indemnified Party. Promptly following receipt by an Indemnified Party of notice by a third party (including any governmental entity) of, or the
time at which the Indemnified Party discovered or reasonably should have discovered, any complaint, claim or demand or the commencement of any audit, investigation, action or proceeding with respect to which such Indemnified Party may be entitled to

  
 10 

 
receive indemnification pursuant to this Agreement (a “Third Party Claim”), such Indemnified Party shall notify Seller or Buyer, as the case may be, as the Indemnifying
Party, in a writing (a “Third Party Claim Notice”) that shall describe in reasonable detail the particulars of such Third Party Claim and alleged Damages of which the Party has Knowledge relating thereto (including a copy of
the written underlying complaint, claim or demand, if any); provided, however, that the failure to so notify the Indemnifying Party shall relieve the Indemnifying Party from liability under this Agreement with respect to such Third Party Claim only
if, and only to the extent that, such failure to notify the Indemnifying Party results in the forfeiture by the Indemnifying Party of rights and defenses otherwise available to the Indemnifying Party with respect to such Third Party Claim or the
Indemnifying Party is otherwise actually prejudiced by such failure or delay. The Indemnifying Party shall have the right (but not the obligation), upon written notice delivered to the Indemnified Party within twenty (20) calendar days after
the receipt of the Third Party Claim Notice, to assume the defense of such Third Party Claim, if such Third Party Claim involves solely monetary damages, including the employment of counsel of the Indemnifying Party’s own choosing and the
payment of the fees and disbursements of such counsel, and the Indemnifying Party shall not, as long as it diligently conducts such defense, be liable to the Indemnified Party for any fees or expenses of any other counsel or any other expenses with
respect to the defense of such Third Party Claim, in each case, incurred by or on behalf of the Indemnified Party; provided, however, that an Indemnifying Party will not be entitled to assume the defense of any such Third Party Claim if
(i) such Third Party Claim could reasonably be expected to result in criminal liability of, or equitable remedies against, the Indemnified Party; or (ii) the Indemnified Party reasonably and in good faith believes that the interests of the
Indemnifying Party and the Indemnified Party with respect to such Third Party Claim are in material conflict with one another, and as a result, the Indemnifying Party could not adequately represent the interests of the Indemnified Party in such
Third Party Claim. In the event, however, that the Indemnifying Party declines or fails to assume (or to give timely notice of the same within such twenty (20) calendar days), or is not permitted to assume the defense of such Third Party Claim
on the terms provided above, or if the Indemnifying Party is not entitled to assume the defense of any such Third Party Claim in accordance with the preceding sentence, then such Indemnified Party may employ counsel to represent or defend it from
any such Third Party Claim and the Indemnifying Party shall, if and at such time as it is ultimately determined that the Indemnifying Party is obligated to indemnify the Indemnified Party in respect of Damages arising from such Third Party Claim,
pay the reasonable fees and disbursements of such counsel for the Indemnified Party. The Indemnified Party or the Indemnifying Party, whichever is not assuming the defense of any such Third Party Claim in accordance with this Section 7(d),
shall have the right to participate in, but not control, the defense of such Third Party Claim and to retain its own counsel at its own expense. The Parties agree that, notwithstanding the assumption of the defense of any Third Party Claim by the
Indemnifying Party, all reasonable fees and expenses of its or the Indemnified Party’s counsel or any other reasonable expenses with respect to the defense of such Third Party Claim, in each case, incurred by or on behalf of the Indemnifying
Party in connection with the defense of such Third Party Claim (including all indemnifiable fees, expenses and other amounts and Damages incurred by or on behalf of the Indemnified Party prior to the Indemnifying Party’s assumption of such
defense) shall be reimbursed to such Indemnifying Party by the Indemnified Parties promptly upon invoice, as and when the same are incurred. The Indemnifying Party or the Indemnified Party (as the case may be) controlling the defense of any such
Third Party Claim shall at all times use reasonable efforts to keep the other reasonably apprised of the status of the defense of such Third Party Claim. The Indemnifying Party and the Indemnified Party shall cooperate in good faith with each other
with respect to the defense of any such Third Party Claim. No Indemnified Party may settle or compromise any Third Party Claim with respect to which indemnification is being sought hereunder without the prior written consent of the Indemnifying
Party (which consent shall not be unreasonably withheld or delayed). An Indemnifying Party may not, without the prior written consent of the Indemnified Party (which consent shall not be unreasonably withheld or delayed), settle or compromise, or
consent to the entry of any judgment with respect to, any Third Party Claim for which indemnification is being sought hereunder unless such settlement, compromise or consent (A) includes an 

  
 11 

 
unconditional release of the Indemnified Party and its officers, directors, managers, and employees from all liability arising out of such Third Party Claim, (B) does not contain any
admission or statement admitting to any wrongdoing or liability on behalf of the Indemnified Party and (C) does not contain any equitable order, judgment or term that in any manner affects, restrains or interferes with the business of the
Indemnified Party. 
 (e)            Procedure
for Claims. An Indemnified Party wishing to assert a claim for indemnification under this Section 7 shall deliver to the Indemnifying Party the Third Party Claim Notice. Within twenty (20) calendar days after receipt of a Third Party
Claim Notice, the Indemnifying Party shall deliver to the Indemnified Party a written response in which the Indemnifying Party shall: (i) agree that the Indemnified Party is entitled to receive all of the claimed amount of Damages set forth in
the Third Party Claim Notice (the “Claimed Amount”) (in which case the Indemnifying Party shall pay the Claimed Amount to the Indemnified Party by wire transfer of immediately available funds within ten (10) days after
providing such response), (ii) agree that the Indemnified Party is entitled to receive a portion of the Claimed Amount (in which case such response shall be promptly followed by a payment by the Indemnifying Party to the Indemnified Party of
the agreed upon portion of the Claimed Amount, by wire transfer of immediately available funds), or (iii) contest that the Indemnified Party is entitled to receive any of the Claimed Amount. The Parties shall cooperate in good faith to resolve
any disagreement with respect to the Claimed Amount. 

(f)            Setoff of Monthly Payments. Buyer shall
have the option of recouping all or any part of any mutually approved Claimed Amount to which is its entitled by notifying Seller that Buyer is setting off such amount from the amount payable under the remaining Monthly Payments; provided, however,
if the Claimed Amount arises under Section 7(a)(v) (a “PCL Claim”), such right of offset shall be limited (i) such that no individual Monthly Payment may be reduced to less than Five Thousand Dollars ($5,000), and
(2) Buyer may not set off an aggregate amount of PCL Claims greater than Twenty Thousand Dollars ($20,000). 
 SECTION 8.

 MISCELLANEOUS 
 (a)            Press Releases and Public Announcements. No Party shall issue any press release or make any public announcement relating
to the subject matter of this Agreement prior to the Closing without the prior written approval of the other Party. After the Closing, Local shall announce the transaction on Form 8-K filed with the Securities and Exchange Commission, along with a
copy of this Agreement and such other information as may be required by applicable regulation. 

(c)            No Third-Party Beneficiaries. This
Agreement shall not confer any rights or remedies upon any Person other than the Parties and their respective successors and permitted assigns. 
 (d)            Entire Agreement. This Agreement (including the documents referred to herein) constitutes the entire agreement between the
Parties and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral, to the extent they relate in any way to the subject matter hereof. 

(e)            Succession and Assignment. This
Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without
the prior written approval of the other Party; provided, however, that Buyer may (i) assign any or all of its rights and interests hereunder to one or more of its Affiliates, and (ii) designate one or more of its Affiliates to perform its
obligations hereunder (in any or all of which cases Buyer nonetheless shall remain responsible for the performance of all of its obligations hereunder). 

  
 12 

(f)            Counterparts. This Agreement may be
executed in one or more counterparts (including by means of facsimile or .pdf scan), each of which shall be deemed an original but all of which together will constitute one and the same instrument. 

(g)            Headings. The section headings contained
in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement. 
 (h)            Notices. All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice,
request, demand, claim, or other communication hereunder shall be deemed duly given (i) when delivered personally to the recipient, (ii) one (1) business day after being sent to the recipient by reputable overnight courier service
(charges prepaid), (iii) one (1) business day after being sent to the recipient by electronic mail, or (iv) four (4) business days after being mailed to the recipient by certified or registered mail, return receipt requested and
postage prepaid, and addressed to the intended recipient as set forth below: 
  

					
		 	 If to Seller or

Local:
	    	 Local Corporation
 Attn: Chief
Financial Officer
 Address: 7555 Irvine Center Drive
 City, State, Zip: Irvine, CA 92618
 Email: kcragun@local.com

Telephone: 949-789-0800

			
		 	If to Buyer:	    	 nCrowd, Inc.
 Attn: Brian
Conley
 810 W. Clinch Ave
 Knoxville,
TN 37902
 Email: brian@ncrowd.com

Telephone: (865) 771-2425

			
		 	With a copy to:	    	 Curt Creely
 Foley &
Lardner LLP
 100 North Tampa St., Suite 2700
 Tampa, Florida 33602
 Email: ccreely@foley.com

Phone: (813) 225-4122

 Any Party may change the address to which notices, requests, demands, claims, and other communications
hereunder are to be delivered by giving the other Party notice in the manner herein set forth. 

(i)            Governing Law; Venue. This Agreement
shall be governed by and construed in accordance with the domestic laws of the State of Georgia without giving effect to any choice or conflict of law provision or rule (whether of the State of Georgia or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Georgia. Each Party hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of Georgia and of the United States of America
located in the State of Georgia for any claims arising out of or relating to this Agreement and the transactions contemplated hereby (and agrees not to commence any action relating thereto except in such courts), waives any objection to the laying
of venue of any such litigation in such courts and agrees not to plead or claim in any Georgia court that such litigation brought therein has been brought in an inconvenient forum. 

  
 13 

(j)            Amendments and Waivers. No amendment of
any provision of this Agreement shall be valid unless the same shall be in writing and signed by Buyer and SMG and Local. No waiver by any Party of any provision of the Agreement or any default, misrepresentation, or breach of warranty or covenant
hereunder, whether intentional or not, shall be valid unless the same shall be in writing and signed by the Party making such waiver nor shall such waiver be deemed to extend to any prior or subsequent default, misrepresentation, or breach of
warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence. 
 (k)            Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any
jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. 

(l)            Expenses. Each of Buyer, Local and
Seller will bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby. All transfer, documentary, sales, use, stamp, registration and other such taxes, and
all conveyance fees, recording charges and other fees and charges (including any penalties and interest) incurred in connection with the consummation of the transactions contemplated by this Agreement shall be borne by Seller. 

(m)            Construction. The Parties have
participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of
proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. Any reference to any federal, state, local, or non-U.S. statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context requires otherwise. The word including shall mean including without limitation. 
 (n)            Incorporation of Exhibits and Schedules. The Exhibits and Schedules identified in this Agreement are incorporated herein
by reference and made a part hereof. 
 * * * * * 

  
 14 

 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the
date first above written. 
  

					
		 	nCrowd, Inc.,	  	
			
		 	By: /s/
Brian Conley                         	  	
			
		 	Title: CEO                           
              	  	
			
		 	Local Corporation	  	
			
		 	By: /s/
Heath B. Clarke                     	  	
			
		 	Title: CEO                           
              	  	
		
		 	Screamin Media Group, Inc.,
			
		 	By: /s/
Heath B. Clarke                     	  	
			
		 	Title: CEO                           
              	  	

  
 15 

 SCHEDULE 1.1 
 Additional Acquired Assets 
  

	1.	Assignment of all computer programs and code developed and owned by Seller with respect to the Business 

 

	2.	The following Internet domains of Seller: www.spreebird.com 

  

	3.	All books and records associated with the Business and the Acquired Assets, including vendor lists (although Seller may keep a copy for archival purposes), subject to
the exclusions set forth in the definition of the Acquired Assets and also excluding all accounting records (such as account payable files and historical journal entries) not specifically related to the Acquired Assets (provided that Seller will
provide Buyer, upon Buyer’s request, with a copy of any accounting records specifically related to the Acquired Assets). 

  

	4.	All goodwill associated with the Business and the Acquired Assets. 

  

	5.	The following trade names, trademarks, and fictitious names, and other Intellectual Property, used or held for use in the Business: 

 

	 	a.	Spreebird trademark 

	 	b.	Screamin Media Group tradename 

	 	c.	Spreebird backend software, including: 

					
		 	i.	 	Administration UI
		 	ii.	 	Reports
		 	iii.	 	Email Creation Application
		 	iv.	 	Email Templates
		 	v.	 	Customer Service UI
		 	vi.	 	Deal Construction UI
		 	vii.	 	Content Management System (Ready, Set, Go Platform License)

  

	6.	All claims, rights, and causes of action relating to the Acquired Assets to the extent accruing or continuing on or after the Closing Date. 

  
 16EX-4.2

 Exhibit 4.2 
 $225,000,000 
 HARBINGER GROUP INC. 

7.875% Senior Secured Notes due 2019 
 REGISTRATION RIGHTS AGREEMENT 
 July 23, 2013 

CREDIT SUISSE SECURITIES (USA) LLC 
 Eleven
Madison Avenue 
 New York, New York 10010 
     As representative of the several Purchasers referred to below 
 Dear Sirs:

 Harbinger Group Inc., a Delaware corporation (the “Company”), proposes to issue and sell to Credit Suisse
Securities (USA) LLC and the several initial purchasers named in Schedule A of the Purchase Agreement referred to below (collectively, the “Purchasers”), upon the terms set forth in the purchase agreement dated as of July 18,
2013, as amended by the Purchase Agreement Amendment dated July 19, 2013 (as amended, the “Purchase Agreement”), U.S.$225,000,000 aggregate principal amount of its 7.875% Senior Secured Notes due 2019 (the “Offered
Securities”). The Offered Securities will be issued pursuant to an Indenture, dated as of December 24, 2012 (the “Indenture”), between the Company and Wells Fargo Bank, National Association (the
“Trustee”). As an inducement to the Purchasers, the Company agrees with the Purchasers, for the benefit of the holders of the Offered Securities (including, without limitation, the Purchasers), the Exchange Securities (as defined
below) and the Private Exchange Securities (as defined below) (collectively the “Holders”), as follows: 

1. Registered Exchange Offer. Unless not permitted by applicable law, the Company shall, at its own cost, prepare and,
not later than 350 days (or if the 350th day is not a business day, the first business day thereafter) after December 24, 2012 (the “Existing Notes Closing Date”), file with the Securities and Exchange Commission (the
“Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form under the Securities Act of 1933, as amended (the “Securities Act”), with respect to a
proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined in Section 6(d) hereof), who are not prohibited by any law or policy of the Commission from participating in the
Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Offered Securities, a like aggregate principal amount of debt securities (the “Exchange Securities”) of the Company issued under the Indenture and
identical in all material respects to the Offered Securities (except for the removal of transfer restrictions relating to the Offered Securities and the provisions relating to the matters described in Section 6 hereof) that would be registered
under the Securities Act. The Company shall use its commercially reasonable efforts to cause such Exchange Offer Registration Statement to become effective under the Securities Act within 410 days (or if the 410th day is not a business day, the
first business day thereafter) after the Existing Notes Closing Date (an “effectiveness deadline”) and shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement effective for not less than 20 business
days (or longer, if required by applicable law) after the date notice of the Registered Exchange Offer is mailed to the Holders (such period being called the “Exchange Offer Registration Period”). 

 If the Company commences the Registered Exchange Offer, the Company (i) will be
entitled to close the Registered Exchange Offer 20 business days after such commencement provided that the Company has accepted all the Offered Securities theretofore validly tendered in accordance with the terms of the Registered Exchange Offer and
(ii) shall use commercially reasonable efforts to consummate the Registered Exchange Offer no later than 40 days (or longer if required by applicable law) after the date on which the Exchange Offer Registration Statement is declared effective
(or if the 40th day is not a business day, the first business day thereafter) (such 40th day (or first business day thereafter) being the “Consummation Deadline”). 

Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence the
Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities electing to exchange the Offered Securities for Exchange Securities (assuming that such Holder is not an
affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business, is not a broker-dealer tendering Offered Securities acquired directly from the Company for its
own account and is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any person to participate in the distribution of the Exchange Securities and is not prohibited by any law or policy of the Commission
from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or restrictions under the Securities Act and without material restrictions under the securities laws of the
several states of the United States. 
 The Company acknowledges that, pursuant to current interpretations by the
Commission’s staff of Section 5 of the Securities Act, in the absence of an applicable exemption therefrom, (i) each Holder which is a broker-dealer electing to exchange Offered Securities, acquired for its own account as a result of
market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the cover, (b) Annex
B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section, and (c) Annex C hereto in the “Plan of Distribution” section of such prospectus in connection with a sale of any
such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and (ii) if a Purchaser elects to sell Exchange Securities acquired in exchange for Offered Securities constituting any portion of an unsold
allotment, it is required to deliver a prospectus containing the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in connection with such sale. 

The Company shall use its commercially reasonable efforts to keep the Exchange Offer 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 Securities; provided, however, that (i) in the case where such prospectus and any amendment or supplement thereto must be delivered by an Exchanging Dealer or a Purchaser, such period shall be
the lesser of 180 days and the date on which all Exchanging Dealers and the Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such
prospectus and any amendment or supplement thereto, available to any broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 90 days after the consummation of the Registered Exchange Offer.

 If, upon consummation of the Registered Exchange Offer, any Purchaser holds Offered Securities acquired by it as part of its
initial distribution, the Company, simultaneously with the delivery of the Exchange Securities pursuant to the Registered Exchange Offer, shall issue and deliver to such Purchaser upon the written request of such Purchaser, in exchange (the
“Private Exchange”) for the Offered Securities held by such Purchaser, a like principal amount of debt securities of the Company issued under 

  
 2 

 
the Indenture and identical in all material respects (including the existence of restrictions on transfer under the Securities Act and the securities laws of the several states of the United
States, but excluding provisions relating to the matters described in Section 6 hereof) to the Offered Securities (the “Private Exchange Securities”). The Offered Securities, the Exchange Securities and the Private Exchange
Securities are herein collectively called the “Securities.” 
 In connection with the Registered Exchange
Offer, the Company shall: 
 (a) mail or otherwise furnish to each Holder a copy of the prospectus forming
part of the Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 
 (b) keep the Registered Exchange Offer open for not less than 20 business days (or longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 

(c) utilize the services of a depositary for the Registered Exchange Offer with an address in the Borough of
Manhattan, The City of New York, which may be the Trustee or an affiliate of the Trustee; 
 (d) permit
Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last business day on which the Registered Exchange Offer shall remain open; and 

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

As soon as practicable after the close of the Registered Exchange Offer or the Private Exchange, as the case may be, the Company shall:

 (x) accept for exchange all the Securities validly tendered and not withdrawn pursuant to the Registered
Exchange Offer and the Private Exchange; 
 (y) deliver to the Trustee for cancellation all the Offered
Securities so accepted for exchange; and 
 (z) cause the Trustee to authenticate and deliver promptly to
each Holder of the Offered Securities, Exchange Securities or Private Exchange Securities, as the case may be, equal in principal amount to the Offered Securities of such Holder so accepted for exchange. 

The Indenture provides that the Exchange Securities will not be subject to the transfer restrictions set forth in the Indenture and that
all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or consent as a class separate from one another on any matter. 

Interest on each Exchange Security and Private Exchange Security issued pursuant to the Registered Exchange Offer and in the Private
Exchange will accrue from the last interest payment date on which interest was paid on the Offered Securities surrendered in exchange therefor or, if no interest has been paid on the Offered Securities, from July 15, 2013. 

Each Holder participating in the Registered Exchange Offer shall be required to represent to the Company that at the time of the
consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder is not engaged in, and does not intend to engage in, and has no
arrangement or understanding with any person 

  
 3 

 
to participate in the distribution of the Offered Securities or the Exchange Securities within the meaning of the Securities Act, (iii) such Holder is not an “affiliate,” as
defined in Rule 405 of the Securities Act, of the Company or a broker-dealer tendering Offered Securities acquired directly from the Company for its own account and (iv) if such Holder is a broker-dealer, that it will receive Exchange
Securities for its own account in exchange for Offered Securities that were acquired as a result of market-making activities or other trading activities and that it acknowledges its obligations to deliver a prospectus in connection with any resale
of such Exchange Securities. 
 Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange
Offer Registration Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange
Offer Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not
misleading and (iii) any prospectus forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 2. Shelf Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Company is not permitted to effect a Registered
Exchange Offer, as contemplated by Section 1 hereof, (ii) the Registered Exchange Offer is not consummated within 410 days after the Existing Notes Closing Date (or if the 410th day is not a business day, the first business day
thereafter), (iii) any Purchaser so requests with respect to the Offered Securities (or the Private Exchange Securities) held by it that are not eligible to be exchanged for Exchange Securities in the Registered Exchange Offer and held by it
following consummation of the Registered Exchange Offer or (iv) any Holder (other than an Exchanging Dealer) is prohibited by law or Commission policy from participating in the Registered Exchange Offer or any Holder (other than an Exchanging
Dealer) that participates in the Registered Exchange Offer does not receive freely tradeable Exchange Securities on the date of the exchange and, in each case, such Holder so requests, the Company shall take the following actions: 

(a) The Company shall, at its cost, within 60 days after so required or requested pursuant to this Section 2
file with the Commission and thereafter shall use its commercially reasonable efforts to cause to be declared effective (unless it becomes effective automatically upon filing) no later than 150 days after such requirement or request pursuant to this
Section 2 (such 150th day (or first business day thereafter), an “effectiveness deadline”) a registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a
“Registration Statement”) on an appropriate form under the Securities Act relating to the offer and sale of the Transfer Restricted Securities (as defined in Section 6(d) hereof) by the Holders thereof from time to time in
accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, the “Shelf Registration”); provided, however, that no Holder (other than a Purchaser)
shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Registration Rights Agreement (the “Agreement”) applicable to
such Holder; provided, further, that in no event shall the Company be required to file the Shelf Registration Statement or have such Shelf Registration Statement declared effective prior to the applicable deadlines for the Exchange Offer
Registration Statement. 
 (b) The Company shall use its commercially reasonable efforts to keep the Shelf
Registration Statement continuously effective until the earlier of (i) the date on which all Offered Securities registered thereunder are disposed of in accordance therewith and (ii) the time when the Offered Securities covered by the
Shelf Registration Statement are no longer restricted securities 

  
 4 

 
(as defined in Rule 144 under the Securities Act, or any successor rule thereof (“Rule 144”)) or may be sold pursuant to Rule 144 without limitation (the “Shelf
Registration Period”). The Company shall be deemed not to have used its commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in
Holders of Securities covered thereby not being able to offer and sell such Securities during that period, unless such action is required by applicable law. 
 (c) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement and the related prospectus and any amendment or supplement
thereto, as of its respective effective date, (i) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 

3. Registration Procedures. In connection with any Shelf Registration contemplated by Section 2 hereof and, to the
extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 
 (a) The Company shall (i) furnish to each Purchaser, prior to the filing thereof with the Commission, a copy of the Registration Statement and each amendment thereof and each supplement, if any,
to the prospectus included therein and, in the event that a Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the Registered Exchange Offer or the Shelf Registration Statement, the Company
shall use its commercially reasonable efforts to reflect in each such document, when so filed with the Commission, such comments as such Purchaser reasonably may propose in a timely manner; (ii) include the information set forth in Annex A
hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section and the “Purpose of the Exchange Offer” section and in Annex C hereto in the “Plan of Distribution” section of the prospectus forming a
part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by a Purchaser, include the
information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange
Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Purchasers, which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to
the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by
such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the
reasonable judgment of the Purchasers, based upon advice of counsel (which may be in-house counsel), represent the prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include in the prospectus
included in the Shelf Registration Statement (or, if permitted by Rule 430B(b) of the Securities Act, in a prospectus supplement that becomes a part thereof pursuant to Rule 430B(f) of the Securities Act) that is delivered to any Holder
pursuant to Section 3(d) and (f), the names of the Holders, who propose to sell Securities pursuant to the Shelf Registration Statement, as selling security holders; provided that such Holders have provided the Company with such
information in a timely manner prior to the filing of the Shelf Registration Statement or the prospectus supplement, as applicable. 

  
 5 

 (b) The Company shall give written notice to the Purchasers, the
Holders of the Securities and any Participating Broker-Dealer from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses
(ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the prospectus until the requisite changes have been made): 
 (i) when the Registration Statement or any amendment thereto has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective;

 (ii) of any request by the Commission for amendments or supplements to the Registration Statement or the
prospectus included therein or for additional information; 
 (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement
has been filed, and of the happening of any event that causes the Company to become an “ineligible issuer,” as defined in Rule 405 of the Securities Act; 

(iv) of the receipt by the Company or its legal counsel of any notification with respect to the suspension of the
qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and 
 (v) of the happening of any event that requires the Company to make changes in the Registration Statement or the prospectus in order that the Registration Statement or the prospectus do not contain
an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the prospectus, in light of the circumstances under which they were made) not
misleading. 
 (c) The Company shall use its commercially reasonable efforts to obtain the withdrawal at the
earliest possible time, of any order suspending the effectiveness of the Registration Statement. 
 (d) If
not otherwise available on the Commission’s Electronic Data Gathering, Analysis and Retrieval system (“EDGAR”), upon the written request of a Holder of Securities included within the coverage of the Shelf Registration, the
Company shall furnish, without charge, at least one copy of the Shelf Registration Statement and any post-effective amendment or supplement thereto, including financial statements and schedules, and, if such Holder so requests in writing, all
exhibits thereto (including those, if any, incorporated by reference). The Company shall not, without the prior consent of the Purchasers, make any offer relating to the Securities that would constitute a “free writing prospectus,” as
defined in Rule 405 of the Securities Act. Each Purchaser, each Holder of Securities and each Participating Broker Dealer shall not take any action that would result in the Company being required to file with the Commission a free writing
prospectus prepared by or on behalf of such Purchaser, such Holder of Securities or such Participating Broker Dealer that otherwise would not be required to be filed by the Company thereunder, but for the action of such Purchaser, such Holder of
Securities or such Participating Broker Dealer. 
 (e) If not otherwise available on EDGAR, upon the written
request of any Holder of Securities, any Purchaser or any Exchanging Dealer, the Company shall deliver to each 

  
 6 

 
Exchanging Dealer and/or such Purchaser, and to any other Holder who so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment
thereto, including financial statements and schedules, and, if any Purchaser or any such Holder requests, all exhibits thereto (including those incorporated by reference). 

(f) The Company shall, during the Shelf Registration Period, deliver to each Holder of Securities included within the
coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such person may reasonably request.
The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the selling Holders of the Securities in connection with the offering and sale of the Securities
covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 

(g) The Company shall deliver to each Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and such
other persons required to deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such
persons may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Purchaser, if necessary, any Participating Broker-Dealer and such other
persons required to deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange Offer
Registration Statement. 
 (h) Prior to any public offering of the Securities, pursuant to any Registration
Statement, the Company shall use its commercially reasonable efforts to register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification of the
Securities for offer and sale under the securities or “blue sky” laws of such states of the United States as any Holder of the Securities reasonably requests in writing and do any and all other acts or things necessary or advisable to
enable the offer and sale in such jurisdictions of the Securities covered by such Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then
so qualified or (ii) take any action which would subject it to general service of process or to taxation in any jurisdiction where it is not then so subject. 

(i) The Company shall cooperate with the Holders of the Securities to facilitate the timely preparation and delivery
of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may request a reasonable period of time prior to
sales of the Securities pursuant to such Registration Statement. 
 (j) Upon the occurrence of any event
contemplated by paragraphs (ii) through (v) of Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall promptly prepare and file a post-effective
amendment to the Registration Statement or a supplement to the related prospectus and any other required document so that, as thereafter delivered to Holders of the Securities or purchasers of Securities, the prospectus will not contain an 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. If the Company notifies the
Purchasers, the Holders of the Securities and any known Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above to suspend the use of the

  
 7 

 
prospectus until the requisite changes to the prospectus have been made, then the Purchasers, the Holders of the Securities and any such Participating Broker-Dealers shall suspend use of such
prospectus (and shall keep confidential the cause of such notice for so long as the cause is not otherwise publicly known), and the period of effectiveness of the Shelf Registration Statement provided for in Section 2(b) above and the Exchange
Offer Registration Statement provided for in Section 1 above shall be extended by the number of days from and including the date of the giving of such notice to and including the date when the Purchasers, the Holders of the Securities and any
known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). Each Holder receiving a notice pursuant to clauses (ii) through (v) of Section 3(b) hereby agrees that
(unless prohibited by applicable law or applicable document retention policy) it will either (i) destroy all prospectuses, other than permanent file copies, then in such Holder’s possession which have been replaced by the Company with more
recently dated prospectuses or (ii) deliver to the Company all copies, other than permanent file copies, then in such Holder’s possession of the prospectus covering such Securities that was current at the time of receipt of such notice.

 (k) Not later than the effective date of the applicable Registration Statement, the Company will provide
a CUSIP number for the Offered Securities, the Exchange Securities or the Private Exchange Securities, as the case may be, and provide the applicable trustee with printed certificates for the Offered Securities, the Exchange Securities or the
Private Exchange Securities, as the case may be, in a form eligible for deposit with The Depository Trust Company. 
 (l) The Company will comply in all material respects with all rules and regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer or the Shelf
Registration and will make generally available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no
later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement, which
statement shall cover such 12-month period. 
 (m) The Company shall use its commercially reasonable efforts
to cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a timely manner and containing such changes, if any, as shall be necessary for such qualification. In the event that such qualification would require the
appointment of a new trustee under the Indenture, the Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture. 
 (n) The Company may require each Holder of Securities to be sold pursuant to the Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of
the Securities as the Company may from time to time reasonably require for inclusion in the Shelf Registration Statement, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such
information within a reasonable time after receiving such request. 
 (o) The Company shall enter into such
customary agreements (including, if requested, an underwriting agreement in customary form) and take all such other action, if any, as any Holder of the Securities shall reasonably request in order to facilitate the disposition of the Securities
pursuant to any Shelf Registration. 
 (p) In the case of any Shelf Registration, the Company shall
(i) make reasonably available for inspection by the Holders of the Securities, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant or other

  
 8 

 
agent retained by the Holders of the Securities or any such underwriter all relevant financial and other records, pertinent corporate documents and properties of the Company and (ii) cause
the Company’s officers, directors, employees, accountants and auditors to supply all relevant information reasonably requested by the Holders of the Securities or any such underwriter, attorney, accountant or agent in connection with the Shelf
Registration Statement, in each case, as shall be reasonably necessary to enable such persons, to conduct a reasonable investigation within the meaning of Section 11 of the Securities Act; provided, however, that the foregoing inspection and
information gathering shall be coordinated on behalf of the Purchasers by you and on behalf of the other parties, by one counsel designated by and on behalf of such other parties as described in Section 4 hereof; provided, further, that the
conduct of the foregoing inspection and information gathering shall be subject to the execution by all persons party to such inspection and information gathering of a reasonable confidentiality undertaking in customary form with respect to
confidential and proprietary information of the Company. 
 (q) In the case of any Shelf Registration, the
Company, if requested by any Holder of Securities covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities in customary form addressed to such Holders and the managing underwriters, if
any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement (it being agreed that the matters to be covered by such opinion shall include, without limitation, the due incorporation and good
standing of the Company and its subsidiaries; the qualification of the Company and its subsidiaries to transact business as foreign corporations; the due authorization, execution and delivery of the relevant agreement of the type referred to in
Section 3(o) hereof; the due authorization, execution, issuance and sale, and the validity and enforceability, of the applicable Securities; the absence of governmental approvals required to be obtained in connection with the Shelf Registration
Statement, the offering and sale of the applicable Securities, or any agreement of the type referred to in Section 3(o) hereof; the compliance in all material respects as to form of such Shelf Registration Statement and any documents
incorporated by reference therein and of the Indenture with the requirements of the Securities Act and the Trust Indenture Act, respectively; as of the date of the opinion and as of the effective date of the Shelf Registration Statement or most
recent post-effective amendment thereto or most recent prospectus supplement thereto that is deemed to establish a new effective date, as the case may be, the absence from such Shelf Registration Statement and the prospectus and any prospectus
supplement included therein, as then amended or supplemented and including any documents incorporated by reference therein, of an untrue statement of a material fact or the omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading; and as of an applicable time identified by such Holders or managing underwriters, the absence from the prospectus included in the Registration Statement, as amended or supplemented at such
applicable time and including any documents incorporated by reference therein, taken together with any other documents identified by such Holders or managing underwriters, of an untrue statement of a material fact or the 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; (ii) its officers to execute and deliver all customary documents and
certificates and updates thereof requested by any underwriters of the applicable Securities and (iii) its independent public accountants and the independent public accountants with respect to any other entity for which financial information is
provided in the Shelf Registration Statement to provide to the selling Holders of the applicable Securities and any underwriter therefor a comfort letter in customary form and covering matters of the type customarily covered in comfort letters in
connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by Statement of Auditing Standards No. 72. 

  
 9 

 (r) If a Registered Exchange Offer or a Private Exchange is to be
consummated, upon delivery of the Offered Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be, the Company shall
mark, or cause to be marked, on the Offered Securities so exchanged that such Offered Securities are being canceled in exchange for the Exchange Securities or the Private Exchange Securities, as the case may be; in no event shall the Offered
Securities be marked as paid or otherwise satisfied. 
 (s) The Company will use its commercially reasonable
efforts to (a) if the Offered Securities have been rated prior to the initial sale of such Offered Securities, confirm such ratings will apply to the Securities covered by a Registration Statement, or (b) if the Offered Securities were not
previously rated, cause the Securities covered by a Registration Statement to be rated with the appropriate rating agencies, in each case, if so requested by Holders of a majority in aggregate principal amount of Securities covered by such
Registration Statement, or by the managing underwriters, if any. 
 (t) In the event that any broker-dealer
registered under the Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning of the Conduct Rules (the
“Rules”) of the Financial Industry Regulatory Authority, Inc. (“FINRA”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or
otherwise, the Company will assist such broker-dealer in complying with the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require, engaging a “qualified independent
underwriter” (as defined in Rule 2720) to participate in the preparation of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if any portion of the offering contemplated
by such Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent underwriter to the extent of the
indemnification of underwriters provided in Section 5 hereof and (iii) providing such information to such broker-dealer as may be required in order for such broker-dealer to comply with the requirements of the Rules. 

(u) The Company shall use its commercially reasonable efforts to take all other steps necessary to effect the
registration of the Securities covered by a Registration Statement contemplated hereby. 
 (v) Each Holder and
each Participating Broker-Dealer agrees by acquisition of Offered Securities or Exchange Securities that, upon the Company providing notice to such Holder or Participating Broker-Dealer, as the case may be, (x) of the happening of any event of
the kind described in paragraphs (ii) through (v) of Section 3(b) hereof, or (y) that the Board of Directors of the Company has resolved that the Company has a bona fide business purpose for doing so, then, upon providing such
notice (which shall refer to this Section 3(w)), the Company may delay the filing or the effectiveness of the Shelf Registration Statement (if not then filed or effective, as applicable) and shall not be required to maintain the effectiveness
thereof or amend or supplement the Shelf Registration Statement, in all cases, for a period (a “Delay Period”) expiring upon the earlier to occur of (i) in the case of the immediately preceding clause (x), such Holder’s or
Participating Broker-Dealer’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(g) hereof or until it is advised in writing by the Company that the use of the applicable prospectus may be resumed,
and has received copies of any amendments or supplements thereto or (ii) in the case of the immediately preceding clause (y), the date which is the earlier of (A) the date on which such business purpose ceases to interfere with the
Company’s obligations to file or maintain the effectiveness of any such Registration Statement pursuant to this 

  
 10 

 
Agreement or (B) 60 days after the Company notifies the Holders of such good faith determination. There shall not be more than 60 days of Delay Periods during any 12-month period. The Shelf
Registration Period provided for in Section 2(b) above shall each be extended by a number of days equal to the number of days during any Delay Period. Any Delay Period will not alter the obligations of the Company to pay Additional Interest
under the circumstances set forth in Section 6 hereof. 
 4. Registration Expenses. The Company shall bear all
fees and expenses incurred in connection with the performance of its obligations under Sections 1 through 3 hereof (including the reasonable fees and expenses, if any, of Davis Polk & Wardwell LLP, counsel for the Purchasers, incurred in
connection with the Registered Exchange Offer), whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders of the Securities
covered thereby for the reasonable fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Offered Securities covered thereby to act as counsel for the Holders of the Offered Securities in
connection therewith. 
 5. Indemnification. (a) The Company agrees to indemnify and hold harmless each Holder
of the Securities, any Participating Broker-Dealer and each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating Broker-Dealer and
such controlling persons are referred to collectively as the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but not limited to, any
losses, claims, damages, liabilities or actions relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages,
liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus
or “issuer free writing prospectus,” as defined in Rule 433 of the Securities Act (“Issuer FWP”), relating to a Shelf Registration, or arise out of, or are based upon, the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading, and shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such loss, claim, damage, liability or action in respect thereof; provided, however, that the Company shall not be liable in any such case to the extent that such loss, claim, damage or liability arises out of or is
based upon any untrue statement or alleged untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf
Registration in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein; provided further, however, that this indemnity
agreement will be in addition to any liability which the Company may otherwise have to such Indemnified Party. The Company shall also indemnify underwriters, their officers and directors and each person who controls such underwriters within the
meaning of the Securities Act or the Exchange Act to the same extent as provided above with respect to the indemnification of the Holders of the Securities if requested by such Holders. 

(b) Each Holder of the Securities and each Participating Broker Dealer, severally and not jointly, will indemnify and hold harmless
the Company and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act from and against any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company or any
such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon any untrue statement or alleged untrue statement of a
material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or alleged
omission to state therein a material fact necessary to make 

  
 11 

 
the statements therein not misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in
conformity with written information pertaining to such Holder or Participating Broker Dealer and furnished to the Company by or on behalf of such Holder or Participating Broker Dealer specifically for inclusion therein; and, subject to the
limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company for any legal or other expenses reasonably incurred by the Company or any such controlling person in connection with investigating or defending any
loss, claim, damage, liability or action in respect thereof. This indemnity agreement will be in addition to any liability which such Holder or Participating Broker Dealer may otherwise have to the Company or any of its controlling persons.

 (c) Promptly after receipt by an indemnified party under this Section 5 of notice of the commencement of any action
or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying party of the commencement thereof; but
the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture
of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an indemnified party otherwise than under subsection (a) or
(b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the extent that it may wish,
jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party, and after notice from the indemnifying party to such indemnified party of its election so to
assume the defense thereof the indemnifying party will not be liable to such indemnified party under this Section 5 for any legal or other expenses, other than reasonable and documented costs of investigation, subsequently incurred by such
indemnified party in connection with the defense thereof. In the event, however, such indemnified party reasonably determines in its judgment based on the advice of counsel that having common counsel would present such counsel with a conflict of
interest or if the defendants in or targets of any such action or proceeding include both an indemnified party and the indemnifying party and such indemnified party reasonably concludes that there may be legal defenses available to it or other
indemnified parties that are different from or in addition to those available to the indemnifying party, or if the indemnifying party fails to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to such
indemnified party in a timely manner, then such indemnified party may employ separate counsel to represent or defend it in any such action or proceeding and the indemnifying party will pay the reasonable and customary fees and disbursements of such
counsel. In no event shall the indemnifying parties be liable for the reasonable fees and expenses of more than one counsel (together with appropriate local counsel) at any time for all indemnified parties in connection with any one action or
separate but substantially similar or related actions arising in the same jurisdiction out of the same general allegations or circumstances. No indemnifying party shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such indemnified party unless such settlement (i) includes an unconditional
release of such indemnified party from all liability on any claims that are the subject matter of such action, and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any
indemnified party. No indemnifying party shall be liable for any settlement or compromise of, or consent to the party of judgment with respect to, any such action or claim effected without its consent (which consent shall not be unreasonably
withheld). 
 (d) If the indemnification provided for in this Section 5 is unavailable or insufficient to hold
harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of the losses, claims, damages or liabilities (or actions
in respect thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or parties on

  
 12 

 
the one hand and the indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if the allocation provided by the foregoing clause
(i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the
indemnified party on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault of
the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the
one hand or such Holder or such other indemnified party, as the case may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid by
an indemnified party as a result of the losses, claims, damages or liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending any action or claim which is the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), the Holders of the Securities shall not be required to contribute any amount
in excess of the amount by which the net proceeds received by such Holders from the sale of the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holders have 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. For purposes of this paragraph (d), each person, if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such
indemnified party and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as the Company. 

(e) The agreements contained in this Section 5 shall survive the sale of the Securities pursuant to a Registration Statement
and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any indemnified party. 
 6. Additional Interest Under Certain Circumstances. (a) Additional interest (the “Additional Interest”) with respect to the Offered Securities shall be assessed as
follows if any of the following events occur (each such event in clauses (i) through (iv) below a “Registration Default”): 
 (i) the Company fails to file any Registration Statement required by this Agreement on or prior to the applicable deadline; 

(ii) any Registration Statement is not declared effective on or prior to the applicable effectiveness deadline;

 (iii) the Registered Exchange Offer is not consummated on or prior to the Consummation Deadline; or

 (iv) If after either the Exchange Offer Registration Statement or the Shelf Registration Statement
required by this Agreement has been declared effective by the Commission but (A) such Registration Statement thereafter ceases to be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as
permitted in paragraph (b)) in connection with resales of Transfer Restricted Securities during the Exchange Offer Registration Period or the Shelf Registration Period, as applicable, except, in the case of the Exchange Offer Registration
Statement, following the consummation of the Registered Exchange Offer with respect to all Securities tendered in connection therewith, because either (1) any event occurs as a result of which the related prospectus forming part of such
Registration Statement would include any untrue 

  
 13 

 
statement of a material fact or omit to state any material fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, (2) it
shall be necessary to amend such Registration Statement or supplement the related prospectus, to comply with the Securities Act or the Exchange Act or the respective rules thereunder, or (3) such Registration Statement is a Shelf Registration
Statement that has expired before a replacement Shelf Registration Statement has become effective. 
 Additional Interest shall accrue on the
Transfer Restricted Securities affected by a Registration Default over and above the interest otherwise payable on the Transfer Restricted Securities from and including the date on which any such Registration Default shall occur to but excluding the
date on which all such Registration Defaults have been cured, at a rate of 0.25% per annum for the first 90-day period immediately following the occurrence of a Registration Default, to be increased by an additional 0.25% per annum with
respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum additional interest rate of 0.50% per annum. In no event shall the Company be obligated to pay Additional Interest for more than one
Registration Default under this Section 6(a) at any one time. 
 (b) A Registration Default referred to in
Section 6(a)(iv)(B) hereof shall be deemed not to have occurred and be continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the
filing of a post-effective amendment to such Shelf Registration Statement to incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to
permit Holders to use the related prospectus or (y) other material events, with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the
Company is proceeding promptly and in good faith to amend or supplement such Shelf Registration Statement and related prospectus to describe such events; provided, however, that in any case if such Registration Default occurs for a continuous period
in excess of 60 days, Additional Interest shall be payable in accordance with the above paragraph from and after the 60th day after such Registration Default occurs until such Registration Default is cured. 

(c) Any amounts of Additional Interest due pursuant to Section 6(a) above will be payable in cash on the regular interest
payment dates with respect to the Transfer Restricted Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the principal amount of the Transfer Restricted Securities, 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 the denominator of which is 360.

 (d) “Transfer Restricted Securities” means each Security until (i) the date on which such Transfer
Restricted Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer in the Registered Exchange Offer of a
Offered Security for an Exchange Security, the date on which such Exchange Security is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the Exchange Offer
Registration Statement or (iii) the date on which such Offered Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement. 

7. Rules 144 and 144A. The Company shall use its commercially reasonable efforts to file the reports required to be
filed by it 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 request of any Holder of Offered Securities, make publicly available other
information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A. The Company covenants that it will take such further action as any Holder of Offered Securities may reasonably request, all to the extent
required from time to time to enable such Holder to sell Offered Securities without registration under the Securities Act within the limitation of 

  
 14 

 
the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)). The Company will provide a copy of this Agreement to prospective purchasers of Offered
Securities identified to the Company by the Purchasers upon request. Upon the request of any Holder of Offered Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such requirements.
Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities pursuant to the Exchange Act. 
 8. Underwritten Registrations. If any of the Transfer Restricted Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or
investment bankers and manager or managers that will administer the offering (“Managing Underwriters”) will be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities to be included
in such offering, subject to the prior approval by the Company, which approval will not be unreasonably withheld or delayed. 

No person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such person’s
Transfer Restricted Securities on the basis reasonably provided in any underwriting arrangements approved by the persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires, powers of attorney,
indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements. 

9. Miscellaneous. 
 (a) 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, except by the Company and the written consent of the Holders of a majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents. 

(b) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand
delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
 (1) if to a Holder of
the Securities, at the most current address given by such Holder to the Company. 
 (2) if to the Purchasers; 

Credit Suisse Securities (USA) LLC 
 Eleven Madison Avenue 
 New York, New York 10010-3629 

Fax No.: (212) 325-4296 
 Attention: Transactions Advisory Group 
 with a copy to: 

Davis Polk & Wardwell LLP 
 450 Lexington Avenue 
 New York, NY 10017 

Attention: John Meade 

  
 15 

 (3) if to the Company, at its address as follows: 

Harbinger Group Inc. 
 450 Park Avenue, 30th floor 
 New York, NY 10022 

Attention: Thomas A. Williams 
 with a copy (which shall not constitute notice hereunder) to: 
 Paul, Weiss,
Rifkind, Wharton & Garrison LLP 
 1285 Avenue of the Americas 

New York, NY 10019 
 Attention: Raphael M. Russo 
 All such notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged by recipient’s facsimile machine operator, if sent
by facsimile transmission; and on the day delivered, if sent by overnight air courier guaranteeing next day delivery. 

(c) No Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall it, on or after the
date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 

(d) Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns. 

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

(g) 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 CONFLICTS OF LAWS. 
 (h) Severability. If any one or more of the
provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby. 
 (i) Securities Held by the Company. Whenever the consent
or approval of Holders of a specified percentage of principal amount of Securities is required hereunder, Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be
affiliates solely by reason of their holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 

  
 16 

 (j) Entire Agreement. This Agreement constitutes the entire agreement, and supersedes
all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter of this Agreement. 

  
 17 

 If the foregoing is in accordance with the Purchasers’ understanding of our agreement, please sign and
return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding agreement among the several Purchasers and the Company in accordance with its terms. 

 

					
	Very truly yours,
	
	HARBINGER GROUP INC.
		
	By:	 	 /s/ Thomas Williams

		 	Name: 	 	Thomas Williams
		 	Title:	 	Executive Vice President & Chief Financial Officer

					
	 The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above
written.

	
	CREDIT SUISSE SECURITIES (USA) LLC
			
		 	By:	 	 /s/ Ali R. Mehdi

		 	Name:	 	Ali R. Mehdi
		 	Title:	 	Managing Director

 ANNEX A 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange
Securities. The Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. This Prospectus, as it
may be amended or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Offered Securities where such Offered Securities were acquired by such broker-dealer as a
result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the Expiration Date (as defined herein), it will make this Prospectus available to any broker-dealer for use in connection
with any such resale. See “Plan of Distribution.” 

 ANNEX B 
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Offered Securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.” 

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives
Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to
time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Offered Securities where such Offered Securities were acquired as a result of market-making activities or other trading activities. The
Company has agreed that, for a period of 180 days after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until
                 , 20     all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus.(1) 

The Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange Securities received by
broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a
combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers
who may receive compensation in the form of commissions or concessions from any such broker-dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange Securities that
were received by it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Securities Act
and any profit on any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal states that, by acknowledging
that it will deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 

For a period of 180 days after the Expiration Date the Company will promptly send additional copies of this Prospectus and any amendment
or supplement to this Prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders of the
Securities) other than commissions or concessions of any brokers or dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 

 

	(1) 	 In addition, the legend required by Item 502(e) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus.

 ANNEX D 
  ̈        CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10
COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 
  

							
		 	Name:	 	  
	  	
		 	Address:	 	  
	  	
		 		 	  
	  	

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not intend to
engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Offered Securities that were acquired as a result of market-making activities or other
trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an
“underwriter” within the meaning of the Securities Act.

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