Document:

Exhibit 4.3

 

 

EXECUTION VERSION

 

 

 

COLLATERAL AGENCY AGREEMENT

 

dated as of

 

September 29, 2006

 

among

 

KASLION ACQUISITION B.V.,

as Holdings,

 

NXP B.V.,

as the Company,

 

THE SUBSIDIARIES OF THE
COMPANY PARTY HERETO,

as Guarantors,

 

THE SECURED PARTIES PARTY
HERETO,

 

MORGAN STANLEY SENIOR
FUNDING, INC.,

as Global Collateral Agent

 

and

 

MIZUHO CORPORATE BANK,
LTD.,

as Taiwan Collateral Agent

 

 

 

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
   

  	
  PAGE

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 1

  DEFINITIONS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 1.01.

  	
  Defined
  Terms

  	
   

  	
  2

  
	
  Section 1.02.

  	
  Terms
  Generally

  	
   

  	
  15

  
	
  Section 1.03.

  	
  Amounts
  Due to Secured Parties

  	
   

  	
  16

  
	
  Section 1.04.

  	
  Holdings
  and the Guarantors

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 2

  APPOINTMENT OF COLLATERAL AGENTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 2.01.

  	
  Initial
  Appointment

  	
   

  	
  16

  
	
  Section 2.02.

  	
  No
  Other Agency

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 3

  INSTRUCTIONS TO AND ACTIONS BY COLLATERAL AGENTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 3.01.

  	
  Instructions
  in Writing

  	
   

  	
  17

  
	
  Section 3.02.

  	
  Actions
  Under Security Documents

  	
   

  	
  17

  
	
  Section 3.03.

  	
  Enforcement
  Notices

  	
   

  	
  18

  
	
  Section 3.04.

  	
  Rescission
  of Instructions

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 4

  ENFORCEMENT ACTION AND APPLICATION OF PROCEEDS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 4.01.

  	
  Remedies
  Upon Enforcement Event

  	
   

  	
  18

  
	
  Section 4.02.

  	
  Limitation
  on Duty in Respect of Collateral

  	
   

  	
  20

  
	
  Section 4.03.

  	
  Restrictions
  on Actions

  	
   

  	
  20

  
	
  Section 4.04.

  	
  Application
  of Proceeds

  	
   

  	
  21

  
	
  Section 4.05.

  	
  Currency
  Conversions for Calculations

  	
   

  	
  24

  
	
  Section 4.06.

  	
  Determinations
  Conclusive

  	
   

  	
  24

  
	
  Section 4.07.

  	
  Turnover
  of Receipts

  	
   

  	
  24

  
	
  Section 4.08.

  	
  Avoidance
  Issues

  	
   

  	
  25

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 5

  RELEASE OF LIENS AND COLLATERAL

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 5.01.

  	
  Termination
  on Satisfaction of Release Conditions

  	
   

  	
  25

  
	
  Section 5.02.

  	
  Release
  of Lien Grantors

  	
   

  	
  25

  
	
  Section 5.03.

  	
  Release
  of Assets from Liens

  	
   

  	
  25

  

 

i

 

	
  Section 5.04.

  	
  Reinstatement
  of Liens and Collateral

  	
  26

  
	
  Section 5.05.

  	
  Release
  Documentation

  	
  26

  
	
  Section 5.06.

  	
  No
  Release By Other Secured Parties

  	
  26

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 6

  COLLATERAL ACCOUNTS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 6.01.

  	
  Establishment
  of Collateral Accounts

  	
  26

  
	
  Section 6.02.

  	
  Deposits
  to Collateral Accounts

  	
  26

  
	
  Section 6.03.

  	
  Rights
  in Collateral Accounts

  	
  27

  
	
  Section 6.04.

  	
  Investment
  of Balance of Collateral Accounts

  	
  27

  
	
  Section 6.05.

  	
  Conversion
  of Currencies

  	
  28

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 7

  INFORMATION, NOTICES AND AMENDMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.01.

  	
  Delivery
  of Agreements

  	
  28

  
	
  Section 7.02.

  	
  Information

  	
  28

  
	
  Section 7.03.

  	
  Waivers
  and Amendments

  	
  28

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 8

  THE COLLATERAL AGENT

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.01.

  	
  General
  Provisions Concerning the Collateral Agents

  	
  29

  
	
  Section 8.02.

  	
  No
  Reliance by Secured Parties

  	
  31

  
	
  Section 8.03.

  	
  Resignation
  and Removal; Successor Collateral Agent

  	
  31

  
	
  Section 8.04.

  	
  Fees
  and Expenses; Indemnification

  	
  32

  
	
  Section 8.05.

  	
  Appointment
  of Supplemental Collateral Agents

  	
  33

  
	
  Section 8.06.

  	
  Specific
  Provisions Relating To Parallel Debt

  	
  35

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 9

  AGREED SECURITY PRINCIPLES AND CONFLICTS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 9.01.

  	
  Agreed
  Security Principles

  	
  35

  
	
  Section 9.02.

  	
  Conflicts

  	
  35

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 10

  ADDITIONAL PARTIES AND OBLIGATIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 10.01.

  	
  Note
  Secured Obligations

  	
  35

  
	
  Section 10.02.

  	
  Additional
  Secured Obligations

  	
  36

  
	
  Section 10.03.

  	
  Secured
  Hedging Agreements

  	
  36

  
	
  Section 10.04.

  	
  Additional
  Lien Grantors

  	
  36

  
	
  Section 10.05.

  	
  Rights
  and Obligations Unaffected

  	
  36

  

 

ii

 

	
   

  	
  ARTICLE 11

  PARALLEL DEBT AND JOINT AND SEVERAL CLAIMS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 11.01.

  	
  Parallel
  Debt

  	
  37

  
	
  Section 11.02.

  	
  Fall
  Back

  	
  37

  
	
  Section 11.03.

  	
  Payment

  	
  38

  
	
  Section 11.04.

  	
  Application

  	
  38

  
	
  Section 11.05.

  	
  Joint
  and Several Claims

  	
  38

  
	
   

  	
   

  	
   

  
	
   

  	
  ARTICLE 12

  MISCELLANEOUS

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 12.01.

  	
  Continuing
  Nature of Provisions

  	
  38

  
	
  Section 12.02.

  	
  Notices

  	
  39

  
	
  Section 12.03.

  	
  No
  Implied Waivers; Remedies Not Exclusive

  	
  41

  
	
  Section 12.04.

  	
  Successors
  and Assigns

  	
  41

  
	
  Section 12.05.

  	
  Choice
  of Law

  	
  41

  
	
  Section 12.06.

  	
  Waiver
  of Jury Trial

  	
  41

  
	
  Section 12.07.

  	
  Severability

  	
  41

  
	
  Section 12.08.

  	
  Termination

  	
  42

  

 

	
  Schedule 1

  	
  Form of
  Enforcement Notice

  
	
  Schedule 2

  	
  Form of
  Rescission Notice

  
	
  Schedule 3

  	
  Form of Note
  Secured Obligations Certification

  
	
  Schedule 4

  	
  Form of Note
  Supplement

  
	
  Schedule 5

  	
  Agreed Security
  Principles

  
	
  Schedule 6

  	
  Form of Lien
  Grantor Supplement

  
	
  Schedule 7

  	
  Form of
  Additional Secured Obligations Supplement

  
	
  Schedule 8

  	
  Form of
  Additional Secured Obligations Certification

  
	
  Schedule 9

  	
  Security
  Documents

  
	
  Schedule 10

  	
  Form of Secured
  Hedging Supplement

  
	
  Schedule 11

  	
  Form of Secured
  Hedging Certification

  

 

iii

 

COLLATERAL AGENCY
AGREEMENT dated as of September 29, 2006, among KASLION ACQUISITION B.V. with
its corporate seat in Amsterdam, the Netherlands (“Holdings”), NXP B.V. with its corporate seat in Eindhoven,
the Netherlands (the “Company”),
the Subsidiaries of the Company from time to time party hereto (each a “Guarantor”), the Secured Parties from time
to time party hereto, MORGAN STANLEY SENIOR FUNDING, INC. in its capacity as
Global Collateral Agent (in such capacity, the “Global Collateral Agent”) and MIZUHO CORPORATE BANK, LTD. in
its capacity as Taiwan Collateral Agent (in such capacity, the “Taiwan Collateral Agent”).

 

WHEREAS, each Lien
Grantor is party to certain of the Secured Agreements;

 

WHEREAS, the Lien
Grantors have entered or will enter into, and may from time to time enter into,
the Security Documents in order to secure the Secured Obligations;

 

WHEREAS, the
Company and certain of the other Lien Grantors may, after the date of this
Agreement, enter into the Note Secured Documents and incur Note Secured
Obligations and, from time to time, may enter into the Additional Secured
Documents and incur the Additional Secured Obligations. In addition, the
Company and certain of the other Lien Grantors may, from time to time, enter
into the Secured Hedging Agreements and incur the Secured Hedging Obligations;

 

WHEREAS, the
Secured Obligations include the obligations of the Lien Grantors under the
Secured Agreements and, with respect to certain jurisdictions, the Parallel
Debt;

 

WHEREAS, the
Global Collateral Agent has agreed to enter into the Security Documents (other
than the Taiwan Security Documents) and hold the Collateral subject thereto for
the benefit of the Secured Parties on the terms set out in this Agreement and,
with respect to certain jurisdictions, as a direct creditor in respect of the
Parallel Debt; and

 

WHEREAS, the
Taiwan Collateral Agent has agreed to enter into the Taiwan Security Documents
and hold the Collateral subject thereto for the benefit of the Secured Parties
as a joint and several creditor in accordance with Article 283 of the Civil
Code of the Republic of China;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

 

ARTICLE 1

DEFINITIONS

 

Section 1.01. Defined Terms. As used in this Agreement,
the following terms have the meanings specified below:

 

“Additional
Secured Document” means any document designated as such in
any Additional Secured Obligations Supplement in accordance with Section 10.02.

 

“Additional
Secured Obligations” means any obligations of any Lien
Grantor designated as such in an Additional Secured Obligations Supplement in
accordance with Section 10.02 (including any Contingent Secured Obligations in
respect thereof).

 

“Additional
Secured Obligations Supplement” means a supplement hereto
substantially in the form set forth on Schedule 7.

 

“Additional
Secured Party” means any Person that becomes a party to this
Agreement pursuant to an Additional Secured Obligations Supplement (whether in
its individual capacity or as agent or trustee for and on behalf of any other
Person).

 

“Affiliate”
of any specified Person means any other Person, directly or indirectly,
controlling or controlled by or under direct or indirect common control with
such specified Person. For the purposes of this definition, “control” when used with respect to any
Person means the power to direct the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling”
and “controlled” have meanings
correlative to the foregoing.

 

“Agent”
means the RCF Administrative Agent or the Bridge Administrative Agent.

 

“Agreed
Security Principles” means the principles set forth on
Schedule 5.

 

“Authorized
Signatory” means, in relation to any Person and any document,
an individual duly authorized by such Person to sign such document and in
respect of whom a certified copy of the authorizing resolution and specimen
signature has been provided to each other Person which is party to or a
recipient of such document.

 

“Base
Currency” means Euros.

 

“Base
Currency Equivalent” shall mean, on any date of
determination, (a) with respect to any amount denominated in the Base Currency,
such amount,

 

2

 

and (b) with respect to
any amount denominated in any Foreign Currency, the equivalent in the Base
Currency of such amount, determined by the Collateral Agent using the Exchange
Rate.

 

“Bridge
Administrative Agent” means Morgan Stanley Senior Funding,
Inc. or any successor administrative agent appointed under the Bridge Facility
Agreement.

 

“Bridge
Facility Agreement” means the €1,500,000,000 and
US$1,921,290,000 Senior Secured Increasing Rate Bridge Facility dated as of the
date of this Agreement between the Bridge Administrative Agent, the Bridge
Lenders, Holdings, the Company and NXP Funding LLC.

 

“Bridge
Guarantee” means the Guaranty dated as of the date of this
Agreement between Holdings, the Company, each of the Subsidiaries of the
Company named as guarantors and the Bridge Administrative Agent.

 

“Bridge
Loan” means a loan made under the Bridge Facility Agreement and
includes any extended loan or exchange note issued in exchange for any such
loan pursuant to the terms of the Bridge Facility Agreement.

 

“Bridge
Lender” means, at any time, a lender under the Bridge
Facility Agreement at that time (and includes such lender as the holder of any
rollover loan or exchange notes issued thereunder).

 

“Bridge
Secured Document” means the Bridge Facility Agreement, the
Bridge Guarantee, or any security agreement or other instrument or document
entered into from time to time to secure or guarantee any of the Bridge Secured
Obligations.

 

“Bridge
Secured Obligations” means all principal of all Bridge Loans
outstanding from time to time under the Bridge Facility Agreement, all interest
(including Post-Petition Interest) on such Bridge Loans and all other amounts
now or hereafter payable by the Company and/or the Guarantors pursuant to the
Bridge Secured Documents (including any Contingent Secured Obligations in
respect thereof).

 

“Bridge
Take-out Date” means the date on which the Bridge
Administrative Agent confirms in writing to the Collateral Agent that the
Bridge Loans have been repaid in full and all other Bridge Secured Obligations
(other than contingent indemnities and similar obligations which are not then
due and payable) have been paid and performed in full. The Bridge
Administrative Agent shall provide such confirmation to the Collateral Agents
promptly upon such repayment, payment and performance.

 

3

 

“Business
Day” means a day (other than a Saturday or Sunday) on which banks
are open for general business in London, United Kingdom and New York, New York,
United States.

 

“Cash
Equivalents” means:

 

(a)       securities issued or
directly and fully guaranteed or insured by the United States or Canadian
governments, a member state of the European Union, Switzerland or Norway or, in
each case, any agency or instrumentality of thereof (provided that the full
faith and credit of such country or such member state is pledged in support
thereof), having maturities of not more than two years from the date of
acquisition;

 

(b)       certificates of deposit,
time deposits, Eurodollar time deposits, overnight bank deposits or bankers’
acceptances having maturities of not more than one year from the date of
acquisition thereof issued by any Secured Party or by any bank or trust company
(i) whose commercial paper is rated at least “A-l” or the equivalent thereof by
S&P or at least “P-l” or the equivalent thereof by Moody’s (or if at the
time neither is issuing comparable ratings, then a comparable rating of another
Nationally Recognized Statistical Rating Organization) or (ii) (in the event
that the bank or trust company does not have commercial paper which is rated)
having combined capital and surplus in excess of €500,000,000;

 

(c)       repurchase obligations with
a term of not more than 30 days for underlying securities of the types
described in clauses (a) and (b) entered into with any bank meeting the
qualifications specified in clause (b) above;

 

(d)       commercial paper rated at
the time of acquisition thereof at least “A-2” or the equivalent thereof by
S&P or “P-2” or the equivalent thereof by Moody’s or carrying an equivalent
rating by a Nationally Recognized Statistical Rating Organization, if both of
the two named rating agencies cease publishing ratings of investments or, if no
rating is available in respect of the commercial paper, the issuer of which has
an equivalent rating in respect of its long-term debt, and in any case maturing
within one year after the date of acquisition thereof;

 

(e)       readily marketable direct
obligations issued by any state of the United States of America, any province
of Canada, any member of the European Union, Switzerland or Norway or any political
subdivision thereof, in each case, having one of the two highest rating
categories obtainable from either Moody’s or S&P (or, if at the time,
neither is issuing comparable ratings, then a comparable rating of another
Nationally Recognized Statistical Rating Organization) with maturities of not
more than two years from the date of acquisition;

 

(f)        Indebtedness or preferred
stock issued by Persons with a rating of “BBB-” or higher from S&P or
“Baa3” or higher from Moody’s (or, if at the time,

 

4

 

neither is issuing
comparable ratings, then a comparable rating of another Nationally Recognized
Statistical Rating Organization) with maturities of 12 months or less from the
date of acquisition;

 

(g)       bills of exchange issued in
the United States, Canada, a member state of the European Union, Switzerland,
Norway or Japan eligible for rediscount at the relevant central bank and
accepted by a bank (or any dematerialized equivalent); and

 

(h)       interests in any investment
company, money market or enhanced high yield fund which invests 95% or more of
its assets in instruments of the type specified in clauses (a) through (g)
above.

 

“Collateral”
means all property and assets, whether now owned or hereafter acquired, on
which a Lien is granted or purported to be granted to the Collateral Agent
pursuant to the Security Documents. When used with respect to a specific Lien
Grantor, the term “Collateral”
means all its property and assets on which such a Lien is granted or purported
to be granted.

 

“Collateral
Account” means the Restricted Proceeds Collateral Account or
the Unrestricted Proceeds Collateral Account.

 

“Collateral
Agent” means the Global Collateral Agent or the Taiwan
Collateral Agent.

 

“Combined
Dutch Parallel Debt” has the meaning given in Section
11.02(a).

 

“Contingent
Secured Obligations” means, at any time, any Secured
Obligation (or portion thereof) that is contingent in nature at such time,
including any Secured Obligation that is:

 

(a)       an obligation to reimburse
a bank for drawings not yet made under a letter of credit issued by it;

 

(b)       any other obligation
(including any guarantee) that is contingent in nature at such time; or

 

(c)       an obligation to provide
collateral to secure any of the foregoing types of obligations.

 

“Designated
Note Release” means a release of a Lien Grantor, any Lien or
any assets or properties of a Lien Grantor subject to a Lien which, under the
terms of the Note Secured Documents, does not require the consent of, or any
action by, the Note Secured Party or the holders of any of the Note Secured
Obligations and in respect of which the Company has certified in writing to the
Collateral Agents that the conditions for such release have been satisfied and
the

 

5

 

Company and the Lien
Grantors are in compliance with their respective obligations under the Note
Secured Documents with respect to such release.

 

“Dutch
Lien Grantors” means the Lien Grantors under the Dutch
Security Documents.

 

“Effective
Date” means the date of this Agreement.

 

“Enforcement
Event” means the occurrence of a default, Event of Default or
termination event (however described) under a Secured Agreement in respect of
which notice of acceleration of amounts outstanding under such Secured
Agreement has been given by the relevant Secured Party or amounts outstanding under
such Secured Agreement have otherwise become due and payable prior to the
scheduled maturity thereof.

 

“Dutch
Security Document” means each document, agreement and
instrument set forth in Part A of Schedule 9 or any other document, agreement
or instrument designated as such by the Global Collateral Agent and the Lien
Grantor entering into such document, agreement or instrument.

 

“Enforcement
Notice” has the meaning given in Section 3.03.

 

“English
Security Document” means each document, agreement and instrument
set forth in Part B of Schedule 9 or any other document, agreement or
instrument designated as such by the Global Collateral Agent and the Lien
Grantor entering into such document, agreement or instrument.

 

“Environmental
Law” shall mean any applicable Federal, state, foreign or
local statute, Law, rule, regulation, ordinance, code and rule of common law
now or hereafter in effect and in each case as amended, and any binding
judicial or administrative interpretation thereof, including any binding judicial
or administrative order, consent decree or judgment, relating to the protection
of environment, including, without limitation, ambient air, surface water,
groundwater, land surface and subsurface strata and natural resources such as
wetlands, or human health or safety (to the extent relating to human exposure
to Hazardous Materials), or Hazardous Materials.

 

“Euro”
and “€” means the lawful currency
of Participating Member States.

 

“Event
of Default” means any event of default under and as defined
in any Secured Agreement.

 

“Exchange
Rate” means, for the purposes of determining the Base
Currency Equivalent of the amount of any Secured Obligation as of any date, the
rate at which a currency may be exchanged into the Base Currency, as set forth
at approximately 11:00 a.m. on such day on the Reuters World Currency Page for

 

6

 

such currency; in the
event that such rate does not appear on any Reuters World Currency Page, the
Exchange Rate shall be determined by reference to such other publicly available
service for displaying exchange rates as may be agreed upon by the relevant
Collateral Agent and the Company, or, in the absence of such agreement, such
Exchange Rate shall instead be the arithmetic average of the spot rates of
exchange of the relevant Collateral Agent in the market where its foreign
currency exchange operations in respect of such currency are then being conducted,
at or about 11.00 a.m. on such date for the purchase of the Base Currency for
delivery two Business Days later.

 

“Federal
Funds Effective Rate” shall mean, for any day, the weighted
average of the per annum rates on
overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers, as published on the next succeeding Business
Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upward, if
necessary, to a whole multiple of 1/100 of 1%) of the quotations for the day of
such transactions received by a Collateral Agent from three federal funds
brokers of recognized standing selected by it.

 

“Financial Officer” means the chief financial officer, principal
accounting officer, treasurer or controller of the Company or, if not
authorized to act individually and so notified to the Collateral Agents in
writing, any two of the foregoing.

 

“Foreign Currency” shall mean any currency other than the Base
Currency.

 

“French Guarantor” means NXP Semiconductors France SAS.

 

“French Security Document” means each document, agreement and instrument
set forth in Part C of Schedule 9 or any other document, agreement or
instrument designated in writing as such by the Global Collateral Agent and the
Lien Grantor entering into such document, agreement or instrument.

 

“German Security Document” means each document, agreement and instrument
set forth in Part D of Schedule 9 or any other document, agreement or
instrument designated in writing as such by the Global Collateral Agent and the
Lien Grantor entering into such document, agreement or instrument.

 

“Governmental Authority” shall mean any nation, sovereign or
government, any state, province, territory or other political subdivision
thereof, and any entity or authority exercising executive, legislative,
judicial, regulatory, self-regulatory or administrative functions of or
pertaining to government, including a central bank, stock exchange or regulator
of any financial market.

 

7

 

“Hazardous
Materials” shall mean (a) any petroleum or petroleum
products, radioactive materials, friable asbestos, urea formaldehyde foam
insulation, transformers or other equipment that contain dielectric fluid
containing regulated levels of polychlorinated biphenyls, and radon gas; (b)
any chemicals, materials or substances defined as or included in the definition
of “hazardous substances”, “hazardous waste”, “hazardous materials”, “extremely
hazardous waste”, “restricted hazardous waste”, “toxic substances”, “toxic
pollutants”, “contaminants”, or “pollutants”, or words of similar import, under
any applicable Environmental Law; and (c) any other chemical, material or
substance, which is prohibited, limited or regulated by any Environmental Law.

 

“Hedging
Secured Obligations” means all amounts now or hereafter
payable by the Company and/or the Guarantors pursuant to the Secured Hedging
Agreements (including any Contingent Secured Obligations in respect thereof).

 

“Hong
Kong Security Document” means each document, agreement and
instrument set forth in Part E of Schedule 9 or any other document, agreement
or instrument designated in writing as such by the Global Collateral Agent and
the Lien Grantor entering into such document, agreement or instrument.

 

“Indebtedness”
has the meaning given in the Secured Agreements (excluding any Additional
Secured Document and any Secured Hedging Agreement) as in effect on the date
hereof.

 

“Insolvency
Proceeding” means any proceeding in respect of bankruptcy,
insolvency, winding up, receivership, dissolution or assignment for the benefit
of creditors, in each of the foregoing events whether under the Bankruptcy Code
of the United States or any similar federal, state or foreign bankruptcy, insolvency,
reorganization, receivership or similar Law.

 

“Investment
Grade Securities” means:

 

(a)       securities issued or
directly and fully guaranteed or insured by the United States or Canadian
government or any agency or instrumentality thereof (other than Cash
Equivalents);

 

(b)       securities issued or
directly and fully guaranteed or insured by a member of the European Union, or
any agency or instrumentality thereof (other than Cash Equivalents);

 

(c)       debt securities or debt
instruments with a rating of “A-” or higher from S&P or “A3” or higher by
Moody’s or the equivalent of such rating by such rating organization or, if no
rating of Moody’s or S&P then exists, the equivalent of such rating by any
other Nationally Recognized Statistical Ratings Organization, but excluding any
debt securities or instruments constituting loans or advances among the Company
and its Subsidiaries; and

 

8

 

(d)       investments in any fund
that invests exclusively in investments of the type described in clauses (a),
(b) and (c) above which fund may also hold cash and Cash Equivalents pending
investment or distribution.

 

“Law”
includes common or customary law, principles of equity and
any constitution, code of practice, decree, judgment, decision, legislation,
order, ordinance, regulation, by-law, statute, treaty or other legislative
measure in any jurisdiction or any present or future directive, regulation,
guideline, request, rule or requirement (in each case, whether or not having
the force of law but, if not having the force of law, the compliance with which
is in accordance with the general practice of persons to whom the directive,
regulation, guideline, request, rule or requirement is intended to apply) of
any Governmental Authority.

 

“L/C
Advance” has the meaning given in the Revolving Credit
Agreement.

 

“Lien”
means any mortgage, pledge, security interest, encumbrance,
lien or charge of any kind (including any conditional sale or other title
retention agreement or lease in the nature thereof).

 

“Lien
Grantor” means Holdings, the Company or a Guarantor.

 

“Lien
Grantor Supplement” means a
supplement hereto substantially in the form set forth on Schedule 6.

 

“Moody’s”
means Moody’s Investors Service, Inc. or any of its successors or assigns that
is a Nationally Recognized Statistical Rating Organization.

 

“Nationally
Recognized Statistical Rating Organization” means a
nationally recognized statistical rating organization within the meaning of
Rule 436 under the Securities Act.

 

“Non-Contingent
Secured Obligation” means at any time any Secured Obligation
(or portion thereof) that is not a Contingent Secured Obligation at such time.

 

“Note
Secured Document” means any document designated as such in
any Note Supplement in accordance with Section 10.01.

 

“Note
Secured Obligations” means any
obligations of any Lien Grantor designated as such in any Note Supplement in
accordance with Section 10.01 (including any Contingent Secured Obligations in
respect thereof).

 

“Note
Secured Party” means any Person that becomes a party to this
Agreement in its capacity as trustee under any Note Secured Document pursuant
to a Note Supplement.

 

9

 

“Note
Supplement” means a supplement hereto substantially in the
form set forth on Schedule 4.

 

“Parallel Debt” means, in relation to an Underlying Debt (and,
with respect to the Dutch Lien Grantors only, subject to Section 11.02), an
obligation to pay to the Global Collateral Agent an amount equal to (and in the
same currency as) the amount of that Underlying Debt.

 

“Participating Member State” means any member state of the European
Communities that adopts or has adopted the Euro as its lawful currency in
accordance with legislation of the European Community relating to Economic and
Monetary Union.

 

“Permitted Lien” means, at any time, a Lien permitted to exist
under each of the Secured Agreements (excluding any Additional Secured
Documents and Secured Hedging Agreements) at that time.

 

“Person” means any individual, corporation, partnership, joint venture,
association, joint-stock company, trust, unincorporated organization, limited
liability company, government or any agency or political subdivision thereof or
any other entity.

 

“Personal Property Collateral” means all property included in the Collateral
except Real Property Collateral.

 

“Philippines Security Document” means each document, agreement and instrument
set forth in Part F of Schedule 9 or any other document, agreement or
instrument designated in writing as such by the Global Collateral Agent and the
Lien Grantor entering into such document, agreement or instrument.

 

“Post-Petition Interest” means any interest that accrues after the
commencement of any case, proceeding or other action relating to the
bankruptcy, insolvency or reorganization of any Lien Grantor (or would accrue
but for the operation of applicable bankruptcy or insolvency laws), whether or
not such interest is allowed or allowable as a claim in any such proceeding.

 

“RCF Administrative Agent” means Morgan Stanley Senior Funding, Inc. or
any successor administrative agent appointed under the Revolving Credit
Agreement.

 

“RCF Finance Party” means any Lender or any Letter of Credit
Issuer under and as defined in the Revolving Credit Agreement.

 

“RCF Guarantee” means the Guarantee dated as of the date of
this Agreement between Holdings, the Company, each of the Subsidiaries of the
Company named as guarantors and the RCF Administrative Agent.

 

10

 

“RCF
Secured Document” means the Revolving Credit Agreement, the
RCF Guarantee, any Refinancing Document or any security agreement or other
instrument or document entered into from time to time to secure or guarantee
any of the RCF Secured Obligations.

 

“RCF Secured Obligations” mean (a) all principal of all Revolving
Loans, L/C Advances and Unpaid Drawings outstanding from time to time under the
Revolving Credit Agreement, all interest (including Post-Petition Interest) on
such Loans, L/C Advances and Unpaid Drawings, (b) all principal of and interest
(including any Post-Petition Interest) and premium (if any) on all loans made
pursuant to any Refinancing Document, all reimbursement obligations (if any)
and interest thereon (including Post-Petition Interest) with respect to any
letter of credit, bank guarantee or similar instruments issued pursuant to any
Refinancing Document, and (c) all other amounts now or hereafter payable by the
Company and/or the Guarantors pursuant to the RCF Secured Documents (including
any Contingent Secured Obligations in respect thereof).

 

“Real Property Collateral” means all real property (including leasehold
interests in real property) included in the Collateral.

 

“Refinancing Document” means any credit agreement, loan agreement,
note agreement, promissory note, indenture or other agreement or instrument
evidencing or governing the terms of any indebtedness or other financial
accommodation that has been incurred to extend, replace, refinance or refund in
whole or in part the RCF Secured Obligations or any other agreement or
instrument referred to in this definition, unless such agreement or instrument
expressly provides that it is not intended to be and is not a Refinancing
Document under and for the purposes of this Agreement.

 

“Regulated Subsidiary” means a Subsidiary as to which the consent of
a Governmental Authority is required for any acquisition of control or change
of control thereof.

 

“Related Parties” shall mean, with respect to any specified
Person, such Person’s Affiliates and the directors, officers, employees,
agents, trustees, advisors of such Person and any Person that possesses,
directly or indirectly, the power to direct or cause the direction of the
management or policies of such Person, whether through the ability to exercise
voting power, by contract or otherwise.

 

“Release Conditions” means:

 

(a)       in relation to Section 5.01, the relevant
Collateral Agent has received written confirmation from the Required Secured
Parties that the applicable Secured Obligations (other than contingent
indemnities and similar obligations which are not then due and payable) have
been paid and performed in full and all

 

11

 

commitments under the
applicable Secured Agreements have been terminated; and

 

(b)       in relation to Section 5.02
and Section 5.03, the relevant Collateral Agent has received written
confirmation from the Required Secured Parties that all conditions to the
release of such Lien Grantor or such assets or property, as applicable, set
forth in the relevant Secured Agreements and applicable under Law have been
satisfied or waived.

 

“Required
Secured Parties” means (a) with respect to any Restricted
Collateral, any Security Document which creates a Lien on any Restricted
Collateral or the Restricted Proceeds Collateral Account, the RCF
Administrative Agent, each Secured Hedge Counterparty holding Hedging Secured
Obligations secured by such Collateral, each Additional Secured Party holding
Additional Secured Obligations secured by such Collateral, and until the Bridge
Take-out Date, the Bridge Administrative Agent or (b) with respect to any
Unrestricted Collateral, any Security Document which creates a Lien on any
Unrestricted Collateral or the Unrestricted Proceeds Collateral Account, all of
the Secured Parties, provided that
(i) no consent of the Note Secured Party shall be required in respect of any
Designated Note Release and (ii) no consent of any Collateral Agent (acting in
its individual capacity) shall be required for the release of any Collateral
(so long as any fees and expenses owing to such Collateral Agent hereunder have
been paid in full).

 

“Rescission
Notice” has the meaning given in Section 3.04.

 

“Restricted
Collateral” means Collateral of the French Guarantor and
Collateral of Holdings and any proceeds of, and all other profits, products,
rents or receipts, in whatever form, arising from the collection, sale, lease,
exchange, assignment, licensing or other disposition of, or realization upon
any such Collateral.

 

“Restricted
Proceeds Collateral Account” means the segregated account
with such name established and maintained by the Global Collateral Agent.

 

“Restricted
Subsidiary” means a Subsidiary of the Company designated as
such under and in accordance with the Secured Agreements.

 

“Revolving
Credit Agreement” means the €500,000,000 Secured Revolving
Facility dated as of the date of this Agreement between the RCF Administrative
Agent, the banks and financial institutions party thereto, Holdings, the
Company and NXP Funding LLC.

 

“Revolving
Loan” means a loan made under the Revolving Credit Agreement.

 

12

 

“S&P”
means Standard & Poor’s Investors Ratings Services or any of its successors
or assigns that is a Nationally Recognized Statistical Rating Organization.

 

“Secured
Agreement” means any RCF Secured Document, any Bridge Secured
Document, any Note Secured Document, any Security Document or any other
document or agreement that evidences or governs the terms of any of the Secured
Obligations.

 

“Secured
Hedge Counterparty” means any RCF Finance Party or any
Affiliate thereof that is a party to any Secured Hedging Agreement and has
become a party to this Agreement in the capacity as such.

 

“Secured
Hedging Agreement” means any Hedging Agreement (as defined in
the Revolving Credit Agreement) in respect of which the relevant Lien Grantor
has granted security in favor of the counterparty to secure such Lien Grantor’s
obligations thereunder.

 

“Secured
Hedging Supplement” means a supplement hereto substantially
in the form set forth on Schedule 10.

 

“Secured
Obligations” means (a) the RCF Secured Obligations, (b) the
Bridge Secured Obligations, (c) the Hedging Secured Obligations, (d) any Note
Secured Obligations, (e) any Additional Secured Obligations or (f) any Parallel
Debt owed in relation to the obligations referred to under paragraphs (a) to
(e) (inclusive).

 

“Secured
Party” means (a) the RCF Administrative Agent, as agent for
and on behalf of the RCF Finance Parties, (b) until the Bridge Take-out Date
only, the Bridge Administrative Agent, as agent for and on behalf of the Bridge
Lenders, (c) each Secured Hedge Counterparty, (d) any Note Secured Party, (e)
any Additional Secured Party or (f) each Collateral Agent.

 

“Securities
Act” means the U.S. Securities Act of 1933, as amended, and
the rules and regulations of the SEC promulgated thereunder, as amended.

 

“Security
Document” means this Agreement, each French Security
Document, each German Security Document, each Hong Kong Security Document, each
Dutch Security Document, each Philippines Security Document, each Singapore
Security Document, each Taiwan Security Document, each Thai Security Document,
each English Security Document, each U.S. Security Document or any other document,
agreement or instrument designated in writing as such by the Global Collateral
Agent and the Lien Grantor entering into such document, agreement or
instrument.

 

13

 

“Singapore
Security Document” means each document, agreement and
instrument set forth in Part G of Schedule 9 or any other document, agreement
or instrument designated in writing as such by the Global Collateral Agent and
the Lien Grantor entering into such document, agreement or instrument.

 

“Subsidiary”
means, with respect to any Person:

 

(a)       any corporation,
association, or other business entity (other than a partnership, joint venture,
limited liability company or similar entity) of which more than 50% of the
total voting power of shares or stock (including preferred shares, but excluding
debt securities convertible into such equity) entitled (without regard to the
occurrence of any contingency) to vote in the election of directors, managers
or trustees thereof is at the time of determination owned or controlled,
directly or indirectly, by such Person or one or more of the other Subsidiaries
of that Person or a combination thereof; or

 

(b)       any partnership, joint
venture, limited liability company or similar entity of which:

 

(i)      more than 50% of the capital
accounts, distribution rights, total equity and voting interests or general or
limited partnership interests, as applicable, are owned or controlled, directly
or indirectly, by such Person or one or more of the other Subsidiaries of that
Person or a combination thereof whether in the form of membership, general,
special or limited partnership interests or otherwise; and

 

(ii)     such Person or any Subsidiary
of such Person is a controlling general partner or otherwise controls such
entity.

 

“Supplement”
means an Additional Secured Obligations Supplement, a Note
Supplement, a Secured Hedging Supplement or a Lien Grantor Supplement.

 

“Supplemental
Collateral Agent” has the meaning given in Section 8.05.

 

“Taiwan
Security Document” means each document, agreement and
instrument set forth in Part H of Schedule 9 or any other document, agreement
or instrument designated in writing as such by the Taiwan Collateral Agent and
the Lien Grantor entering into such document, agreement or instrument.

 

“Thai
Security Document” means each document, agreement and
instrument set forth in Part I of Schedule 9 or any other document, agreement
or instrument designated in writing as such by the Global Collateral Agent and
the Lien Grantor entering into such document, agreement or instrument.

 

“Transactions”
means the acquisition by Holdings of the Company and its Subsidiaries and the
related transactions (including disentanglement) pursuant to the Stock Purchase
Agreement dated as of September 29, 2006, the drawing of

 

14

 

Bridge Loans and the
refinancing thereof with one or more note issuances, and the extensions of
credit under the Revolving Credit Agreement.

 

“UCC”
means the New York Uniform Commercial Code as in effect from time to time.

 

“Underlying
Debt” means, in relation to a Lien Grantor and at any given
time, each obligation (whether present or future, actual or contingent) owing
by that Lien Grantor to a Secured Party under the Secured Agreements
(including, for the avoidance of doubt, any change or increase in those
obligations pursuant to or in connection with any amendment or supplement or
restatement or novation of any Secured Agreements, in each case whether or not
anticipated as of the date of this Agreement) excluding that Lien Grantor’s
Parallel Debts.

 

“Unpaid
Drawing” has the meaning given in the Revolving Credit
Agreement.

 

“Unrestricted
Collateral” means Collateral that is not Restricted
Collateral.

 

“Unrestricted
Proceeds Collateral Account” means the segregated account
with such name established and maintained by the Global Collateral Agent.

 

“U.S.
Security Document” means each document, agreement and
instrument set forth in Part J of Schedule 9 or any other document, agreement
or instrument designated in writing as such by the Global Collateral Agent and
the Lien Grantor entering into such document, agreement or instrument.

 

Section 1.02. Terms Generally. The definitions of terms
herein (including those incorporated by reference to another document) apply
equally to the singular and plural forms of the terms defined. Whenever the
context may require, any pronoun includes the corresponding masculine, feminine
and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed
by the phrase “without limitation”. The word “will”
shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires
otherwise, (a) any definition of or reference to any agreement, instrument or
other document herein shall be construed as referring to such agreement,
instrument or other document as from time to time amended, extended, novated,
amended and restated, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth
herein), (b) any reference herein to any Person shall be construed to include
such Person’s successors and assigns, (c) the words “herein”, “hereof”
and “hereunder”, and words of
similar import, shall be construed to refer to this Agreement in its entirety
and not to any particular provision hereof, (d) all references herein to
Sections, Exhibits and Schedules shall be construed to refer to Sections of,
and

 

15

 

Exhibits and Schedules
to, this Agreement, (e) the words “property”
and “assets” shall be construed to
refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights, (f) an Enforcement Event will
be “continuing” until a Rescission
Notice is received by the Global Collateral Agent in accordance with the terms
hereof, and (g) any reference to a time of day is a reference to London time.

 

Section 1.03. Amounts Due to Secured
Parties. If any Secured Party is an agent, trustee or representative
for any other Person or Persons, any reference in this Agreement to an amount
being “due”, “payable” or “owing” to such Secured Party shall include all
amounts (including Post-Petition Interest) that are due, payable or owing to
any Person for which such Secured Party acts as agent, trustee or other
representative.

 

Section 1.04. Holdings and the
Guarantors. Holdings and the Guarantors are parties to this
Agreement solely for the purpose of (a) giving the acknowledgements, and making
the agreements and covenants, set forth in Sections 11.01 and 11.02, (b) giving
the acknowledgments set forth in Section 7.03, (c) acknowledging the contents
of Article 8, (d) receiving excess proceeds pursuant to the final distribution
priority set forth in Section 4.04(a), (e) receiving the benefits of Sections
5.05, 6.02(c) and 7.03. Holdings and the Guarantors shall have no other rights
or obligations under this Agreement.

 

ARTICLE
2

APPOINTMENT OF COLLATERAL AGENTS

 

Section 2.01. Initial Appointment. (a) Each Secured
Party hereby appoints Morgan Stanley Senior Funding, Inc. as the Global
Collateral Agent:

 

(i)        to act as its agent (and
as trustee under and in connection with the Singapore Security Documents and
any Liens created thereunder) for all or any of the purposes set out in this
Agreement and the Security Documents (other than the Taiwan Security
Documents);

 

(ii)       without in any way limiting
the foregoing, to enforce on its behalf the rights which it may have under any
of the Security Documents (other than the Taiwan Security Documents);

 

(iii)      to apply the proceeds of
such enforcement in accordance with the terms of this Agreement; and

 

(iv)      to enter into the Security
Documents (other than the Taiwan Security Documents) in its capacity as
Collateral Agent and as agent (and to the extent specified in clause (i) above,
trustee) for that Secured Party and to perform its obligations thereunder,

 

16

 

and the Global
Collateral Agent accepts such appointment, subject to the conditions and
limitations set out in this Agreement; provided
that with respect to the Relevant Jurisdictions, the Global
Collateral Agent shall act in its own name in its capacity as a direct creditor
in respect of the Parallel Debt.

 

(b)       Each Secured Party hereby
appoints Mizuho Corporate Bank, Ltd. as the Taiwan Collateral Agent:

 

(i)      to act as its agent for all
or any of the purposes set out in this Agreement and the Taiwan Security
Documents;

 

(ii)     without in any way limiting
the foregoing, to enforce on its behalf the rights which it may have under any
of the Taiwan Security Documents;

 

(iii)    to apply the proceeds of such
enforcement in accordance with the terms of this Agreement; and

 

(iv)   to enter into the Taiwan
Security Documents in its capacity as Taiwan Collateral Agent and as agent for
that Secured Party and to perform its obligations thereunder,

 

and the Taiwan
Collateral Agent accepts such appointment, subject to the conditions and
limitations set out in this Agreement.

 

Section 2.02. No Other Agency. It is expressly declared
that each Collateral Agent is an agent (and to the extent specified in clause
(a) above, trustee) for the Secured Parties only and not for any Lien Grantor
or any of their respective Subsidiaries or any other Person whatsoever; provided that with respect to the Relevant
Jurisdictions, the Global Collateral Agent shall act in its own name in its
capacity as direct creditor in respect of the Parallel Debt.

 

ARTICLE
3

INSTRUCTIONS TO AND ACTIONS BY COLLATERAL AGENTS

 

Section 3.01. Instructions in Writing. Instructions to a
Collateral Agent shall only be effective if in writing and signed or
countersigned by an Authorized Signatory of the Secured Party giving such
instructions.

 

Section 3.02. Actions Under Security Documents. No
Collateral Agent shall be obliged or required to take any action under this
Agreement or any other Security Document in the absence of instructions
received from the Secured Parties in accordance with this Agreement but may
take, but shall have no obligation to take, any and all actions under any
applicable Security Document as

 

17

 

it shall deem necessary
in its sole discretion in order to maintain, protect or preserve the Collateral
and the rights and interests of the Secured Parties therein.

 

Section 3.03. Enforcement Notices. (a) Following the
occurrence and during the continuance of an Enforcement Event under a Secured
Agreement, the relevant Secured Party that holds, or that is the agent or
trustee for the holders of, the Secured Obligations under such Secured
Agreement may deliver to the Collateral Agents a notice in substantially the
form set forth on Schedule 1 (an “Enforcement
Notice”) instructing the Collateral Agents to take enforcement
action under the Security Documents. An Enforcement Notice must certify that
all or part of the relevant Secured Obligations have become due and payable
prior to or at the stated maturity thereof pursuant to the terms of the relevant
Secured Agreement and remain unpaid as of the date of such Enforcement Notice.
An Enforcement Notice shall be deemed to be in effect at all times after such
Enforcement Notice has been given until such time, if any, as a Rescission
Notice has been delivered in accordance with Section 3.04.

 

(b)       The Global Collateral Agent
shall promptly provide a copy of any Enforcement Notice received by it from any
Secured Party to the other Secured Parties and the Company.

 

Section 3.04. Rescission of Instructions. (a) Any
instruction given to the Collateral Agents pursuant to Section 3.01, 3.02 or
3.03 (including any Enforcement Notice) may only be revoked by further notice
in writing from the instructing Secured Party. In the case of revocation of an
Enforcement Notice, the Secured Party that delivered such Enforcement Notice
must deliver to the Collateral Agents a notice in substantially the form set
forth on Schedule 2 (a “Rescission Notice”).
Any such notice of revocation (including a Rescission Notice) shall not,
however, affect the liability of the Collateral Agents under this Agreement or
any Security Document for any action taken in reliance upon the relevant
instruction prior to actual receipt of such notice of revocation (including the
consequences of such action whether occurring before or after such receipt).

 

(b)       The Global Collateral Agent
shall promptly provide a copy of any Rescission Notice or other revocation
instruction received by it from any Secured Party to the other Secured Parties
and the Company.

 

ARTICLE
4

ENFORCEMENT ACTION AND APPLICATION OF PROCEEDS

 

Section 4.01. Remedies Upon
Enforcement Event. (a) If an Enforcement Event shall have occurred
and be continuing and a Secured Party shall have issued an Enforcement Notice,
each Collateral Agent shall exercise (or cause its sub-agents to exercise) any
or all of the remedies available to it (or to such sub-agents) under the
applicable Security Documents and at Law; provided
that no

 

18

 

Collateral Agent shall
exercise any remedy involving the acceptance of any Collateral in full or
partial satisfaction of any Secured Obligation, to the extent available in any
applicable jurisdiction, except with the consent of the Required Secured
Parties and any other Secured Party that has any Secured Obligation thereby
satisfied without payment in full in cash.

 

(b)       Without limiting the
generality of clause (a) above, if an Enforcement Event shall have occurred and
be continuing and a Secured Party shall have issued an Enforcement Notice, each
Collateral Agent may, to the extent permitted by applicable Law, exercise on
behalf of the Secured Parties all the rights of a secured party under the UCC
(whether or not in effect in the jurisdiction where such rights are exercised)
with respect to any Personal Property Collateral. In addition, the Collateral
Agents may, without being required to give any notice, except as herein
provided or as may be required by mandatory provisions of Law (i) withdraw all
amounts held in the Collateral Accounts and apply such amounts as provided in
Section 4.04 and (ii) if there shall be no such amounts or if such amounts
shall be insufficient to pay all the Secured Obligations in full, sell, lease,
license or otherwise dispose of the Collateral or any part thereof; provided that the right of a Collateral
Agent to sell or otherwise dispose of the capital stock of any Regulated
Subsidiary shall be subject to the relevant Collateral Agent or the relevant
Lien Grantor obtaining, to the extent necessary under applicable Law, the prior
approval of such sale or other disposition by the Governmental Authority having
jurisdiction with respect to such Regulated Subsidiary. Notice of any such sale
or other disposition shall be given to the relevant Lien Grantor in accordance
with the requirements set forth in the Security Documents or as otherwise
required by applicable Law. The foregoing provisions of this clause (b) shall
apply to Real Property Collateral only to the extent permitted by applicable
Law and the provisions of any applicable Security Document.

 

(c)       Following receipt of an
Enforcement Notice, each Collateral Agent shall enforce its rights under each
Security Document in accordance with the instructions of the Required Secured
Parties (which instructions shall relate to the manner of enforcement only and
not the requirement to take enforcement action, which shall be governed
exclusively by the Enforcement Notice).

 

(d)       Following receipt of a
Rescission Notice from each Secured Party that has issued an Enforcement
Notice, each Collateral Agent shall promptly cease enforcing its rights under
the Secured Documents. Receipt of a Rescission Notice shall not affect the
liability of the Collateral Agents under this Agreement or any Security
Documents for actions taken in reliance upon an Enforcement Notice or other
instruction received for the Required Secured Parties prior to actual receipt
of such Rescission Notice (including the consequences of such actions whether
occurring before or after such receipt).

 

19

 

Section 4.02. Limitation on Duty in Respect of Collateral. Beyond
the exercise of reasonable care in the custody and preservation thereof, no
Collateral Agent will have any duty as to any Collateral in its possession or
control or in the possession or control of any sub-agent or bailee or any
income therefrom or as to the preservation of rights against prior parties or
any other rights pertaining thereto. Each Collateral Agent will be deemed to
have exercised reasonable care in the custody and preservation of the
Collateral in its possession or control if such Collateral is accorded
treatment substantially equal to that which it accords its own assets or
property, and will not be liable or responsible for any loss or damage to any
Collateral, or for any diminution in the value thereof, by reason of any act or
omission of any sub-agent or bailee selected by a Collateral Agent in good
faith, except to the extent that such liability arises from such Collateral
Agent’s gross negligence or willful misconduct.

 

Section 4.03. Restrictions on Actions. Each Secured
Party agrees that, unless and until this Agreement is terminated as provided
herein, the provisions of this Agreement shall provide the exclusive method by
which any Secured Party may exercise, or direct the exercise of, rights and
remedies under the Security Documents. Therefore, each Secured Party shall,
except as permitted under this Agreement:

 

(a)       refrain from taking or
filing any action, judicial or otherwise, to enforce any rights or pursue any
remedies under the Security Documents, except for delivering notices or
instructions hereunder; and

 

(b)       refrain from exercising any
rights or remedies under the Security Documents which may be exercisable as a
result of an Enforcement Event;

 

provided
that the foregoing shall not prevent (i) any Secured Party
from imposing a default rate of interest in accordance with any Secured
Agreement, (ii) a Collateral Agent from exercising any right or remedy or
taking any other action on behalf of the Secured Parties that it is permitted
or authorized to exercise or take or (iii) a Secured Party from exercising its
rights and remedies as a general creditor in accordance with the applicable
Secured Agreement and applicable Law, including the right to commence legal
proceedings to collect any of the Secured Obligations due and payable to such
Secured Party and remaining unpaid, to accelerate the maturity of any Secured
Obligations or to terminate any commitment under any Secured Agreement in
accordance with the applicable Secured Agreement, to commence legal proceedings
to enforce any Secured Agreement and obtain a judgment and to enforce such
judgment, in each case to the same extent as if such Secured Party were an
unsecured creditor. If any Secured Party shall enforce its rights or remedies
in violation of the terms of this Agreement, no Lien Grantor shall be entitled
to use such violation as a defense to any action by any Secured Party, nor to
assert such violation as a counterclaim or basis for set off or recoupment
against any Secured Party.

 

20

 

Section 4.04. Application of Proceeds. (a) The Global
Collateral Agent shall apply (i) any amounts held in the Collateral Accounts,
(ii) the proceeds of any enforcement of any Liens created by any of the
Security Documents, including from the sale or other disposition of all or any
part of the Collateral and (iii) any amount received or recovered pursuant to
any Insolvency Proceeding relating to any Lien Grantor, in the following order
of priorities; provided that all
amounts received or recovered from any Restricted Collateral or standing to the
credit of the Restricted Proceeds Collateral Account shall be applied solely to
pay and discharge the RCF Secured Obligations, the Bridge Secured Obligations
(until the Bridge Take-out Date), any Hedging Secured Obligations and any
Additional Secured Obligations in the priority specified below:

 

first,
to pay ratably (i) the costs, expenses, charges and
liabilities incurred by each Collateral Agent in exercising its rights under
the Security Documents (including in connection with any sale or other
disposition of any Collateral), including reasonable compensation to agents of
and counsel for the Collateral Agents, and all expenses, liabilities and
advances incurred or made by the Collateral Agents in connection with the Security
Documents, and any other amounts then due and payable to the Collateral Agents
pursuant to Section 8.04 or Section 8.05, (ii) any amounts due and payable to
any Agent for its own account under any RCF Secured Document or any Bridge
Secured Document, (iii) any fees payable to any Letter of Credit Issuer under
any RCF Secured Document, and (iv) any amounts due and payable to any agent or
trustee for its own account under any Note Secured Document or any Additional
Secured Documents;

 

second,
to pay ratably (i) all principal, Unpaid Drawings, L/C
Advances, interest and other RCF Secured Obligations (other than fees) due and
payable to the RCF Finance Parties under the Revolving Credit Agreement, (ii)
any amounts (other than fees) due and payable under any Secured Hedging
Agreement, and (iii) to the extent that the Additional Secured Obligations
under such Additional Secured Documents are designated to have such priority
under the applicable Additional Secured Obligations Supplement, all unpaid
principal, reimbursement obligations, interest and other Additional Secured
Obligations (other than fees) due and payable under the Additional Secured
Documents;

 

third,
to pay ratably all fees due and payable to (i) the RCF
Finance Parties under the RCF Secured Documents, (ii) the Secured Hedge
Counterparties under any Secured Hedging Agreements, and (iii) to the extent
that such Additional Secured Obligations are designated to have such priority
under the applicable Additional Secured Obligations Supplement, the Additional
Secured Parties under the relevant Additional Secured Documents;

 

fourth,
to pay ratably, all principal, interest, reimbursement
obligations and other Secured Obligations (other than fees) due and payable (i)
to the Bridge Lenders under the Bridge Secured Documents, (ii) to the holders
of the Note Secured Obligations under the Note Secured Documents, and (iii) to
the

 

21

 

extent that the
Additional Secured Obligations under such Additional Secured Documents are
designated under the applicable Additional Secured Obligations Supplement to be
equal in priority to the Secured Obligations described in the foregoing clauses
(i) and (ii) of this paragraph fourth, the
Additional Secured Parties under the relevant Additional Secured Documents;

 

fifth,
to pay ratably all fees due and payable (i) to the Bridge
Lenders under the Bridge Secured Documents, (ii) to the holders of Note Secured
Obligations under the Note Secured Documents, and (iii) to the extent that the
Additional Secured Obligations under such Additional Secured Documents are
designated under the applicable Additional Secured Obligations Supplement to be
equal in priority to the Secured Obligations described in the foregoing clauses
(i) and (ii) of this paragraph fifth,
the Additional Secured Parties under any Additional Secured Document;

 

sixth,
to pay to the relevant Lien Grantor, or as a court of
competent jurisdiction may direct, any surplus then remaining from the proceeds
of the Collateral owned by it.

 

(b)       Amounts distributed to
Secured Parties pursuant to the foregoing clause (a) shall be allocated among
such Secured Parties for all Secured Obligations referred to in the relevant
paragraph, in accordance with the requirements set forth in the applicable
Secured Agreements or, in the absence of any such requirement, pro rata among
such Secured Obligations in accordance with the respective amounts thereof.

 

(c)       In making distributions
pursuant to the foregoing clause (a), the relevant Collateral Agent may provide
for the payment of any Contingent Secured Obligation in accordance with clause
(f) below.

 

(d)       All amounts received or
recovered by the Taiwan Collateral Agent under or in connection with the Taiwan
Security Documents shall, to the extent permitted by applicable Law, be
deposited into the Unrestricted Proceeds Collateral Account. In the event that
the Taiwan Collateral Agent is not permitted under applicable Law to make such
deposits, the Taiwan Collateral Agent shall establish and maintain a
sub-account into which all amounts received or recovered (or any portion
thereof) shall be deposited. Amounts standing to the creditor of such
sub-account shall be applied in accordance with clause (a) above.

 

(e)       The Collateral Agents may
make such distributions hereunder in cash or in kind or, on a ratable basis, in
any combination thereof.

 

(f)        If at any time any portion
of any monies collected or received by a Collateral Agent would, but for the
provisions of this clause (f), be payable pursuant to clause (a) above in
respect of a Contingent Secured Obligation that would be payable if the amount
thereof were due and payable, the relevant

 

22

 

Collateral Agent shall
not apply any monies to pay such Contingent Secured Obligation but instead
shall request the holder thereof, at least three Business Days (or such shorter
period as the relevant Collateral Agent may agree) before each proposed
distribution hereunder, to notify the relevant Collateral Agent as to the
maximum amount of such Contingent Secured Obligation if then ascertainable
together with any detail and/or evidence of the computation of such amounts as
the relevant Collateral Agent may reasonably request. If the holder of such
Contingent Secured Obligation does not notify the relevant Collateral Agent of
the maximum ascertainable amount thereof and provide such additional detail
and/or evidence at least one Business Day before such distribution, such holder
will not be entitled to share in such distribution with respect to such
Contingent Secured Obligation. If such holder does so notify the relevant
Collateral Agent as to the maximum ascertainable amount thereof, the relevant
Collateral Agent will allocate to such holder a portion of the monies to be
distributed in such distribution, calculated as if such Contingent Secured
Obligation were due and payable in such maximum ascertainable amount. However,
the relevant Collateral Agent will not apply such portion of such monies to pay
such Contingent Secured Obligation, but instead will hold such monies or invest
such monies in Investment Grade Securities or Cash Equivalents as may be
directed by the Required Secured Parties from time to time. All such monies and
Investment Grade Securities or Cash Equivalents and all proceeds thereof will
constitute Collateral hereunder, but will be subject to distribution in
accordance with this clause (f) rather than clause (a) above. The relevant
Collateral Agent will hold all such monies and Investment Grade Securities or
Cash Equivalents and the net proceeds thereof in trust until all or part of
such Contingent Secured Obligation becomes a Non-Contingent Secured Obligation,
whereupon the relevant Collateral Agent at the request of the relevant Secured
Party will apply the amount so held in trust to pay such Non-Contingent Secured
Obligation; provided that, if the
other Secured Obligations theretofore paid pursuant to the same paragraph of
clause (a) above were not paid in full, the relevant Collateral Agent will
apply the amount so held in trust to pay the same percentage of such
Non-Contingent Secured Obligation as the percentage of such other Secured
Obligations theretofore paid pursuant to the same paragraph of clause (a)
above. If (i) the holder of such Contingent Secured Obligation shall advise the
relevant Collateral Agent that no portion thereof remains in the category of a
Contingent Secured Obligation and (ii) the relevant Collateral Agent still
holds any amount held in trust pursuant to this clause (f) in respect of such
Contingent Secured Obligation (after paying all amounts payable pursuant to the
preceding sentence with respect to any portions thereof that became
Non-Contingent Secured Obligations), such remaining amount will be applied by
the relevant Collateral Agent in the order of priorities set forth in clause
(a) above. Any interest, income or other amount received or any Investment
Grade Securities or Cash Equivalents shall form part of the Collateral and
shall not be the property of the relevant Secured Party and no Secured Party
shall have any liability or responsibility for

 

23

 

any diminution in value
of or losses upon sale or liquidation of Cash Equivalents or Investment Grade
Securities.

 

(g)       In making the payments and
allocations required by this Section, a Collateral Agent may request and rely
upon a certificate delivered to it by each of the Secured Parties to be dated
at a date specified by the relevant Collateral Agent and stating:

 

(i)      whether all Secured
Obligations owed or owing to that Secured Party have been paid or discharged in
full;

 

(ii)     any amounts due to that
Secured Party under the Secured Agreements;

 

(iii)    the currency or currencies in
which such amounts are due;

 

(iv)   the nature of any amounts due
and the date or dates on which such amounts are payable or repayable; and

 

(v)    such other matters as the
Relevant Collateral Agent may, acting in good faith, deem necessary or
desirable to enable it to make a distribution as at such date.

 

(h)       No Collateral Agent shall
be required, until it receives such certificate, to apply any sums in
accordance with clause (a) above if it has, as soon as reasonably practicable
after receipt or recovery of any amount under any Security Document, requested
but not received a certificate under clause (g) without which it is not able to
apply such sums in accordance with its obligation under clause (a) above. Each
Secured Party shall provide a certificate requested by the Collateral Agent
under clause (g) as soon as reasonably practicable after receipt of such
request.

 

Section 4.05. Currency Conversions for Calculations. For
the purposes of Section 4.04 the value of any Secured Obligations outstanding
under any Secured Agreement which are denominated in a currency other than the
Base Currency shall be determined by notionally converting such currency into
its Base Currency Equivalent.

 

Section 4.06. Determinations Conclusive. All
distributions made by any Collateral Agent pursuant to this Section shall be
final (except in the event of manifest error) and no Collateral Agent shall
have any duty to inquire as to the application by any Secured Party of any
amount distributed to it.

 

Section 4.07. Turnover of Receipts. Any Collateral,
including without limitation any such Collateral constituting proceeds of other
Collateral, that may be received by any Secured Party in violation of this
Agreement shall be segregated and held in trust and promptly paid over to the
Global Collateral

 

24

 

Agent, for the benefit of
the Secured Parties, in the same form as received, with any necessary
endorsements, and each Secured Party hereby authorizes the Global Collateral
Agent to make any such endorsements as agent for such Secured Party (which
authorization, being coupled with an interest, is irrevocable).

 

Section 4.08. Avoidance Issues. If any Secured Party is
required in any Insolvency Proceeding or otherwise to disgorge, turn over or
otherwise pay to the estate of any Lien Grantor, because such amount was
avoided or ordered to be paid or disgorged for any reason, including without
limitation because it was found to be a fraudulent or preferential transfer,
any amount (a “Recovery”), whether
received as proceeds of security, enforcement of any right of set-off or
otherwise, then the relevant Secured Obligations shall be reinstated to the
extent of such Recovery and deemed to be outstanding as if such payment had not
occurred.

 

ARTICLE 5

RELEASE OF LIENS AND COLLATERAL

 

Section 5.01. Termination on Satisfaction of Release Conditions. All
Liens granted by the Lien Grantors under the Security Documents shall terminate
when the relevant Release Conditions are satisfied. Promptly upon such
satisfaction, the Required Secured Parties will provide written confirmation
thereof to the Global Collateral Agent, and the Global Collateral Agent shall
forward a copy of such confirmation to the Company.

 

Section 5.02. Release of Lien Grantors. At any time
before the Liens granted by the Lien Grantors terminate in accordance with
Section 5.01, the Liens granted by a Lien Grantor under the Security Documents
to which such Lien Grantor is a party will terminate when the relevant Release
Conditions are satisfied, provided that
the Global Collateral Agent shall, and is hereby authorized and instructed by
the Secured Parties to, release the Liens created under the Thai Share Pledge
on each Accession Date (as defined therein) in accordance with and subject to
the conditions set forth in clause 2.2(b)(i) of the Thai Share Pledge and to
enter into a replacement pledge pursuant to clause 2.2(b)(ii) of the Thai Share
Pledge. Promptly upon such satisfaction, the Required Secured Parties will
provide written confirmation thereof to the Global Collateral Agent, and the
Global Collateral Agent shall forward a copy of such confirmation to the
Company.

 

Section 5.03. Release of Assets from Liens. The assets
or properties of a Lien Grantor subject to a Lien under the Security Documents
to which such Lien Grantor is a party will be released from such Lien when the
relevant Release Conditions are satisfied.

 

25

 

Section 5.04. Reinstatement of Liens and Collateral. Any
Lien shall continue to be effective, or be reinstated, as the case may be, if
at any time payment, or any part thereof, of any of the Secured Obligations is
rescinded or must otherwise be restored or returned by a Collateral Agent or
any other Secured Party upon the insolvency, bankruptcy, dissolution,
liquidation, reorganization or similar proceeding under any applicable Law of a
Lien Grantor, or upon or as a result of the appointment of a receiver,
intervenor or conservator of, or trustee or similar official for, a Lien
Grantor or any part of its property or assets, or otherwise, all as though such
payments had been due but not made at such time.

 

Section 5.05. Release Documentation. In connection with
any termination of a Lien or release of Collateral in accordance with Section
5.01, Section 5.02 or Section 5.03, the relevant Collateral Agent will, at the
expense of the relevant Lien Grantor, execute and deliver to such Lien Grantor
such documents as such Lien Grantor shall reasonably request to evidence the
termination of such Lien or the release of such Collateral, as the case may be.
Any execution and delivery of documents pursuant to this Section 5.05 shall be
without recourse to or warranty by the relevant Collateral Agent.

 

Section 5.06. No Release By Other Secured Parties. Release
or discharge of any Lien or any asset or property of any Lien Grantor subject
to any such Lien by a Secured Party shall not constitute a release or discharge
by any other Secured Party except to the extent approved by the Required
Secured Parties.

 

ARTICLE 6

COLLATERAL ACCOUNTS

 

Section 6.01. Establishment of Collateral Accounts. (a)
The Global Collateral Agent shall establish and maintain the Collateral
Accounts over which the Global Collateral Agent shall have sole dominion and
control. The Taiwan Collateral Agent, any sub-agent of a Collateral Agent
appointed pursuant to Section 8.0l(h) or Supplemental Collateral Agent may
establish and maintain one or more sub-accounts under the Collateral Accounts
of the Global Collateral Agent, and any such sub-accounts shall constitute part
of the Collateral Accounts of the Global Collateral Agent for purposes hereof.

 

Section 6.02. Deposits to Collateral Accounts. (a) While
a Notice of Enforcement received by it is in effect, all amounts which are
received or recovered by the Global Collateral Agent in respect of any
Restricted Collateral, whether in connection with the exercise of any right or
remedy provided in this Agreement or any other Security Document or otherwise
(including all amounts received on account of any sale of or other realization
upon any Restricted Collateral pursuant to any Security Document or in any
Insolvency Proceeding), shall be deposited in the Restricted Proceeds
Collateral Account.

 

26

 

(b)       While a Notice of
Enforcement received by it is in effect, all amounts which are received or
recovered by a Collateral Agent in respect of any Unrestricted Collateral,
whether in connection with the exercise of any right or remedy provided in this
Agreement or any other Security Document or otherwise (including all amounts
received on account of any sale of or other realization upon any Unrestricted
Collateral pursuant to any Security Document or in any Insolvency Proceeding),
shall be deposited in the Unrestricted Proceeds Collateral Account.

 

(c)       Following receipt of a
Rescission Notice in accordance with the terms hereof, the Collateral Agents
shall (subject to the payment of, or provision for, any Secured Obligations
then due and payable in accordance with Section 4.04, and after deducting
amounts reasonably estimated to be payable in respect of expenses incurred that
constitute Secured Obligations) release any funds then remaining on deposit in
any Collateral Account to the Lien Grantor or Lien Grantors entitled thereto.

 

Section 6.03. Rights in Collateral Accounts. (a) All
amounts deposited in the Restricted Proceeds Collateral Account shall be held
by the Global Collateral Agent solely for the benefit of the RCF Administrative
Agent, the Bridge Administrative Agent (until the Bridge Take-out Date), the
Secured Hedge Counterparties and each Additional Secured Party, subject to the
terms hereof and, if applicable, the Security Documents.

 

(b)       All amounts deposited in
the Unrestricted Proceeds Collateral Account shall be held by the Collateral
Agents for the benefit of the Secured Parties subject to the terms hereof and,
if applicable, the Security Documents.

 

(c)       No Lien Grantor shall have
any rights with respect to any Collateral Account other than the right to
receive excess proceeds pursuant to the final distribution priority set forth
in Section 4.04(a).

 

Section 6.04. Investment of Balance of Collateral Accounts. The
Collateral Agents will from time to time invest any cash held in any Collateral
Account in Cash Equivalents or Investment Grade Securities in accordance with
any directions received in writing from the Required Secured Parties; provided that no Collateral Agent shall be
obligated to make any such investment in Cash Equivalents unless directed in
writing by the Required Secured Parties. In the absence of any instruction to
invest any cash held in a Collateral Account in Cash Equivalents or Investment
Grade Securities, the Collateral Agent shall deposit any such cash in an
interest bearing account or short term time deposit, in each case, with the Global
Collateral Agent (or one of its Affiliates) and bearing a market rate of
interest. No Collateral Agent shall be obligated to pay any interest to any
Lien Grantor on any cash held in the Collateral Account, but any interest
earned on any Cash Equivalents, Investment Grade Securities, interest bearing
account or time deposit shall form part of the Collateral Account to be applied
as provided

 

27

 

herein. The Collateral
Agents shall have the right to sell or liquidate any Cash Equivalents or
Investment Grade Securities for the purpose of providing the cash necessary for
any withdrawal in accordance with this Agreement. No Collateral Agent shall
have any responsibility or liability for any diminution in value of or losses
upon sale or liquidation of any Cash Equivalents or Investment Grade
Securities.

 

Section 6.05. Conversion of
Currencies. In the event that any amount is received or recovered by
a Collateral Agent or any agent or nominee of a Collateral Agent in any
currency other than the currency in which the Secured Obligations (or any part
thereof) are denominated, the relevant Collateral Agent shall convert such
amount (or any part thereof) into the relevant currency at the applicable
Exchange Rate, unless otherwise directed in writing by a Secured Party with
respect to its share thereof. No Collateral Agent nor any agent or nominee of
any Collateral Agent shall be liable for any losses from such conversion of
currencies.

 

ARTICLE
7

INFORMATION, NOTICES AND AMENDMENTS

 

Section 7.01. Delivery of Agreements. The Company shall
deliver to each Collateral Agent, promptly upon the execution thereof, true and
complete copies of (a) all amendments, amendments and restatements, extensions,
novations, supplements or other modifications to any Secured Agreement, (b)
each Note Secured Document, (c) each Secured Hedging Agreement and (d) each
Additional Secured Document.

 

Section 7.02. Information. Within 120 days after the end
of each year, and while a Notice of Enforcement is in effect, upon the
reasonable request of any Collateral Agent, the Company shall promptly deliver
to such Collateral Agent a list, setting forth as of a specified date not more
than 10 Business Days prior to the date of delivery, of the aggregate
outstanding Secured Obligations and Secured Agreements and the name and address
of each Secured Party and the respective amounts of Secured Obligations
attributable to each. Each Collateral Agent shall provide a copy of the most
recent list delivered to it under this Section to any Secured Party upon
written request.

 

Section 7.03. Waivers and Amendments. (a) This Agreement
and the other Security Documents may only be amended, modified, supplemented,
waived or released with the written approval of (i) in the case of this
Agreement, the Collateral Agents, the Secured Parties and the Company, (ii) in
the case of any other Security Document (other than the Taiwan Security
Documents), the Global Collateral Agent, the Required Secured Parties and the
Lien Grantor that is a party thereto or (iii) in the case of any Taiwan
Security Document, the Taiwan Collateral Agent, the Required Secured Parties
and the Lien Grantor that is a party

 

28

 

thereto. Any amendment,
modification, supplement, waiver or release with respect to a Security Document
shall not affect any other Security Document.

 

(b)       Each Collateral Agent shall
promptly notify each Secured Party in the event that such Collateral Agent
receives any request by any party hereto or by any Lien Grantor for any
consent, waiver, amendment or modification with respect hereto or any other
Security Document.

 

(c)       Notwithstanding the
foregoing provisions of this Section 7.03, the Collateral Agents and the Lien
Grantors, at any time and from time to time, may enter into one or more
agreements supplemental hereto or to any other Security Document, in a form
satisfactory to the Collateral Agents, (i) to add to the covenants of the Lien
Grantors hereunder or thereunder, for the benefit of the Secured Parties or to
surrender any right or power herein or therein conferred upon the Lien Grantors
or (ii) to cure any ambiguity, to correct or supplement any provision herein or
in any other Security Document, or to make any other provision with respect to
matters or questions arising hereunder which shall not be inconsistent with any
provision hereof; provided, that any such action contemplated by this clause
(c) shall not adversely affect the interests of any Secured Party (as certified
by the Company to the Collateral Agents) and the Collateral Agents shall be
conclusively entitled to rely on such certification in taking any such action.

 

(d)       In connection with the
accession of any trustee representing the holders of any Note Secured
Obligations, the Collateral Agents shall make such changes to the terms hereof
relating to the rights and duties of such trustee and any other party as are
required by such trustee without the consent of any other party, provided that such changes would not have
a material adverse effect on the other parties.

 

ARTICLE
8

THE COLLATERAL AGENT

 

Section
8.01. General Provisions Concerning the
Collateral Agents. (a) Each Collateral Agent is authorized to take
such actions and to exercise such powers as are delegated to such Collateral
Agent by the terms of this Agreement and the other Security Documents, together
with such actions and powers as are reasonably incidental thereto.

 

(b)       Any bank serving as a Collateral Agent shall,
in its capacity as a Secured Party, have the same rights and powers as any
other Secured Party and may exercise the same as though it were not a
Collateral Agent. Such bank and its Affiliates may accept deposits from, lend
money to and generally engage in any kind of business with any the Company or
Affiliate thereof as if it were not a Collateral Agent hereunder.

 

29

 

(c)       No Collateral Agent shall
have any duties or obligations under this Agreement and the other Security
Documents to which it is a party except as expressly set forth herein and
therein. Without limiting the generality of the foregoing, (i) no Collateral
Agent shall be subject to any fiduciary or other implied duties, regardless of
whether an Enforcement Event has occurred and is continuing, (ii) no Collateral
Agent shall have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly
contemplated by the Security Documents to which it is a party that a Collateral
Agent is required in writing to exercise by the Required Secured Parties, and
(iii) except as expressly set forth in the Security Documents, no Collateral
Agent shall have any duty to disclose, and shall not be liable for any failure
to disclose, any information relating to the Company or its Affiliates that is
communicated to or obtained by any bank serving as a Collateral Agent or any of
its Affiliates in any capacity.

 

(d)       No Collateral Agent shall
be liable for any action taken or not taken by it with the consent or at the
request of the Required Secured Parties or in the absence of its own gross
negligence or willful misconduct.

 

(e)       No Collateral Agent shall
be responsible for the existence, genuineness or value of any Collateral or for
the validity, perfection, priority or enforceability of any Lien created or
purported to be created under any Security Document, whether impaired by
operation of law or by reason of any action or omission to act on its part
under the Security Documents.

 

(f)        No Collateral Agent shall
be deemed to have knowledge of any Enforcement Event unless and until written
notice thereof is given to such Collateral Agent by a Secured Party, and no
Collateral Agent shall be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in
connection with any Security Document, (ii) the contents of any certificate,
report or other document delivered thereunder or in connection therewith, (iii)
the performance or observance of any of the covenants, agreements or other
terms or conditions set forth in any Security Document or any Secured
Agreement, (iv) the validity, enforceability, effectiveness or genuineness of
any Security Document, any Secured Agreement or any other agreement, instrument
or document, or (v) the satisfaction of any condition set forth in any Security
Document or any Secured Agreement.

 

(g)       Each Collateral Agent shall
be entitled to rely on, and shall not incur any liability for relying on, any
notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the
proper Person. Each Collateral Agent also may rely on any statement made to it
orally or by telephone and believed by it to be made by the proper Person, and
shall not incur any liability for relying thereon. A Collateral Agent may
consult with legal counsel (who may be counsel for a Secured Party or any Lien
Grantor), independent accountants and other experts

 

30

 

selected by it, and shall
not be liable for any action taken or not taken by it in accordance with the
advice of any such counsel, accountant or expert. Each Collateral Agent may
rely conclusively on advice from a Secured Party as to whether at any time the
maturity of the relevant Secured Obligations has been accelerated.

 

(h)       Each Collateral Agent may
perform any of its duties and exercise any of its rights and powers through one
or more sub-agents appointed by it. Each Collateral Agent and any such
sub-agent may perform any of its duties and exercise any of its rights and
powers through its Related Parties. All of the provisions of this Agreement
applicable to the Collateral Agents (excluding, for this purpose, the rights
arising in respect of the Parallel Debts under Section 11.01) shall apply to
and be enforceable by any such sub-agent and Related Parties of a Collateral
Agent and any such sub-agent. All references herein to a “Collateral Agent”
(excluding, for this purpose, the rights arising in respect of the Parallel
Debts under Section 11.01) shall include any such sub-agent and Related Parties
of a Collateral Agent or any such sub-agent. The parties hereto acknowledge
that as of the date hereof the Global Collateral Agent shall appoint The Hong
Kong and Shanghai Banking Corporation Limited, Philippines Branch to act as its
sub-agent under and in connection with the Philippine Security Documents and to
hold the benefit of all Liens and other rights created thereunder for the
benefit of the Secured Parties.

 

(i)        Promptly, and in any event
within two Business Days after receipt, each Collateral Agent shall send to
each Secured Party copies of any certificate or notice received or given by
such Collateral Agent under or in connection with any Security Document.

 

(j)        A Collateral Agent may
refuse to act on any notice, consent, direction or instruction from any Secured
Parties that, in such Collateral Agent’s opinion, (i) is contrary to Law or the
provisions of any Security Document to which it is a party, or (ii) may expose
such Collateral Agent to liability (unless such Collateral Agent shall have
been indemnified, to its reasonable satisfaction, for such liability by the
Secured Parties that gave such notice, consent, direction or instruction).

 

Section 8.02. No Reliance by Secured Parties. Each
Secured Party acknowledges that it will, independently and without reliance
upon any Collateral Agent or any other Secured Party and based on such
documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or
based upon this Agreement, any other Security Document or related agreement or
any document furnished hereunder or thereunder.

 

Section 8.03. Resignation and Removal; Successor Collateral Agent. (a)
Subject to the appointment and acceptance of a successor Collateral Agent as

 

31

 

provided in this Section,
a Collateral Agent may resign at any time by notifying the Secured Parties and
the Company. Upon any such resignation, the Secured Parties shall have the
right, in consultation with the Company, to appoint a successor Collateral
Agent. If no successor shall have been so appointed by the Secured Parties and
shall have accepted such appointment within 30 days after the retiring
Collateral Agent gives notice of its resignation, then the retiring Collateral
Agent may, on behalf of the Secured Parties, appoint a successor Collateral
Agent that complies with clause (b) below. In addition, the Required Secured
Parties may remove a Collateral Agent by notice in writing in the event that
such Collateral Agent becomes subject to, or affected by, an Insolvency
Proceeding; provided that the
Required Secured Parties shall have appointed a replacement Collateral Agent
that complies with clause (b) below and such replacement shall have accepted
such appointment.

 

(b)       Any replacement or
successor Collateral Agent shall (i) in the case of the Global Collateral
Agent, be a bank with an office in New York, New York or London, England, or an
Affiliate of any such bank or (ii) in the case of the Taiwan Collateral Agent,
be a bank which holds a commercial banking license in Taiwan and satisfies the
other criteria to qualify to hold registered security interests over collateral
located in the Republic of China as a joint and several creditor under Article
2.83 of the Civil Code of the Republic of China. Upon acceptance of its
appointment as Collateral Agent hereunder by a replacement or successor, such
replacement or successor shall succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Collateral Agent hereunder, and
the retiring Collateral Agent shall be discharged from its duties and
obligations hereunder.

 

(c)       The fees payable by the
Company to a replacement or successor Collateral Agent shall be the same as
those payable to its predecessor unless otherwise agreed by the Company and
such replacement or successor. After a Collateral Agent’s resignation or
removal hereunder, the provisions of this Section and Section 4.02 shall continue
in effect for the benefit of the Collateral Agent so retired or removed, its
sub-agents and their respective Related Parties in respect of any actions taken
or omitted to be taken by any of them while the Collateral Agent so retired or
removed was acting as Collateral Agent.

 

Section 8.04. Fees and Expenses; Indemnification. (a)
The Company will pay or reimburse to each Collateral Agent:

 

(i)      the amount of any taxes that
a Collateral Agent may have been required to pay under or in connection with
the creation of the Liens on the Collateral under the Security Documents on or
following the date of this Agreement (including, without limitation, any
filing, recordation or other registration fees) or to free any Collateral from
any other Lien thereon;

 

32

 

(ii)     the amount of any and all
reasonable and documented out-of-pocket expenses, including transfer taxes and
reasonable fees and expenses of counsel and other advisers, that a Collateral
Agent may incur after the date of this Agreement in connection with (x) the
enforcement of the Security Documents, including such expenses as are incurred
to preserve the value of the Collateral or the validity, perfection, rank or
value of any Lien created thereunder, (y) the collection, sale or other
disposition of any Collateral or (z) the exercise by such Collateral Agent of
any of its rights or powers under any of the Security Documents (including with
respect to the addition of new Collateral and the release of any Lien Grantor,
any Lien under any Security Documents or any assets or properties subject to a
Lien under any Security Documents);

 

(iii)    the amount of any fees that
the Company shall have agreed in writing to pay to each Collateral Agent and
that shall have become due and payable in accordance with such written agreement;
and

 

(iv)   the amount required to
indemnify each Collateral Agent for, or hold it harmless and defend it against,
any loss, liability or expense (including the reasonable fees and expenses of
its counsel and any advisers or sub-agents appointed by it hereunder) incurred
or suffered by each Collateral Agent in connection with the enforcement and
performance of the Security Documents, including, without limitation, any of
the foregoing relating to any violation of, noncompliance with or liability under,
any Environmental Law or to any actual or alleged presence, release or
threatened release of Hazardous Materials involving or attributable to the
operations of the Company or any of its Subsidiaries (all the foregoing in this
clause (iv), collectively, the “indemnified
liabilities”), provided that
the Company shall have no obligation hereunder with respect to indemnified
liabilities to the extent attributable to (A) the gross negligence or willful
misconduct of the party to be indemnified or any of its Related Parties or (B)
disputes among the Collateral Agents or any Collateral Agent and any of the
Secured Parties.

 

(b)       If any transfer tax,
documentary stamp tax or other tax is payable in connection with any transfer
or other transaction provided for in the Security Documents, the Company will
pay such tax and provide any required tax stamps to the relevant Collateral
Agent or as otherwise required by Law.

 

(c)       All amounts payable under
this Section 8.04 shall be paid within ten Business Days of receipt by the
Company of an invoice relating thereto setting forth such expense in reasonable
detail.

 

Section 8.05. Appointment of Supplemental Collateral Agents. (a)
It is the purpose of this Agreement and the other Security Documents that there
shall be no violation of any Law of any jurisdiction denying or restricting the
right of

 

33

 

banking corporations or
associations to transact business as agent or trustee in such jurisdiction.
Without limiting Section 8.02(h), it is recognized that in case of litigation
under, or enforcement of, this Agreement or any of the other Security
Documents, or in case a Collateral Agent deems that by reason of any present or
future Law of any jurisdiction it may not exercise any of the rights, powers or
remedies granted herein or in any of the Security Documents or take any other
action which may be desirable or necessary in connection therewith, each
Collateral Agent is hereby authorized to appoint an additional individual or
institution selected by such Collateral Agent in its sole discretion as a
separate trustee, co-trustee, administrative agent, collateral agent,
administrative sub-agent or administrative co-agent (any such additional
individual or institution being referred to herein individually as a “Supplemental Collateral Agent” and
collectively as “Supplemental Collateral
Agents”).

 

(b)       In the event that a
Collateral Agent appoints a Supplemental Collateral Agent with respect to any
Collateral, (i) each and every right, power, privilege or duty expressed or
intended by this Agreement or any of the other Security Documents (other than
the rights arising in respect of the Parallel Debts under Section 11.01) to be
exercised by or vested in or conveyed to such Collateral Agent with respect to
such Collateral shall be exercisable by and vest in such Supplemental
Collateral Agent to the extent, and only to the extent, necessary to enable
such Supplemental Collateral Agent to exercise such rights, powers and
privileges with respect to such Collateral and to perform such duties with
respect to such Collateral, and every covenant and obligation contained in the
Security Documents and necessary to the exercise or performance thereof by such
Supplemental Collateral Agent (other than covenants and obligations relating to
the Parallel Debt) shall run to and be enforceable by either such Collateral
Agent or such Supplemental Collateral Agent, and (ii) the provisions of this
Agreement (and, in particular, this Article 8) that refer to a Collateral Agent
shall inure to the benefit of such Supplemental Collateral Agent and all
references therein to a Collateral Agent shall be deemed to be references to a
Collateral Agent and/or such Supplemental Collateral Agent, as the context may
require.

 

(c)       Should any instrument in
writing from the Company or any other Lien Grantor be required by any
Supplemental Collateral Agent so appointed by a Collateral Agent for more fully
and certainly vesting in and confirming to him or it such rights, powers,
privileges and duties, the Company, shall, or shall cause the relevant Lien
Grantor to, execute, acknowledge and deliver any and all such instruments
promptly upon request by a Collateral Agent. In case any Supplemental
Collateral Agent, or a successor thereto, shall die, become incapable of
acting, resign or be removed, all the rights, powers, privileges and duties of
such Supplemental Collateral Agent, to the extent permitted by Law, shall vest
in and be exercised by a Collateral Agent until the appointment of a new
Supplemental Collateral Agent.

 

34

 

Section 8.06. Specific Provisions Relating To Parallel Debt. (a)
Notwithstanding any provision to the contrary in any Secured Agreement, in
relation to the Parallel Debts and with respect to any security governed by
Dutch law the rights, powers and authorities vested in the Global Collateral
Agent pursuant to the Secured Agreements are subject to any restrictions
imposed by mandatory Dutch law.

 

(b)       If the Global Collateral
Agent resigns or is replaced in accordance with Section 8.03, each Lien Grantor
shall execute such documents and take all such other action as is necessary or
(in the opinion of the Global Collateral Agent) desirable in connection with
the substitution, in accordance with applicable law, of the successor Global
Collateral Agent as creditor of the Parallel Debts and as secured party in
respect of any security securing the Parallel Debts.

 

ARTICLE 9

AGREED SECURITY PRINCIPLES AND CONFLICTS

 

Section 9.01. Agreed Security Principles. The parties
acknowledge and agree that the obligations of the Lien Grantors with respect to
the provision of Liens in favor of a Collateral Agent and the nature of any
assets or property that shall be subject to any such Lien are subject to the
Agreed Security Principles.

 

Section 9.02. Conflicts. To the extent permitted by
applicable Law, in the event of any inconsistency between the provisions of
this Agreement and the provisions of any Security Document, the provisions of
this Agreement shall prevail to the extent of such inconsistency.

 

ARTICLE 10

ADDITIONAL PARTIES AND OBLIGATIONS

 

Section 10.01. Note Secured Obligations. The Company may
from time to time designate obligations of any Lien Grantor under any Note
Secured Document entered into for the purpose of refinancing or repaying the
Bridge Secured Obligations (or any portion thereof) as Note Secured Obligations
for purposes hereof and the other Security Documents by delivering to the
Collateral Agents (a) a certificate signed by a Financial Officer in
substantially the form set forth in Schedule 3 that (i) certifies that the Note
Secured Documents have been entered into for the purpose of repaying Bridge
Secured Obligations, (ii) identifies such Note Secured Documents, specifies the
name and address of the Note Secured Party, describes the Note Secured Obligations
and the termination date thereof, and (iii) states that the Lien Grantors’
obligations thereunder are designated as Secured Obligations for purposes
hereof and (b) a Note Supplement hereto with respect to such Note Secured
Party.

 

35

 

Section 10.02. Additional Secured Obligations. The
Company may from time to time designate obligations of any Lien Grantor under
any Additional Secured Document entered into from time to time by the Company
or any of the Guarantors as Additional Secured Obligations for purposes hereof
and the other Security Documents by delivering to the Collateral Agents (a) a
certificate signed by a Financial Officer in substantially the form set forth
in Schedule 8 that (i) certifies that the Additional Secured Documents have
been entered into in compliance with the requirements of the Secured Agreements
and that such Indebtedness and such Liens are permitted thereunder, (ii)
specifies the priority which such Additional Secured Obligations shall have
under Section 4.04 and certifies that such priority is permitted under the
Secured Agreements, (iii) identifies such Additional Secured Documents,
specifies the name and address of each Additional Secured Party, describes the
Additional Secured Obligations and the maturity, expiration or termination date
thereof, and (iv) states that the Lien Grantors obligations thereunder are
designated as Secured Obligations for purposes hereof and (b) an Additional
Secured Obligations Supplement hereto with respect to such Additional Secured
Party.

 

Section 10.03. Secured Hedging Agreements. The Company
may from time to time designate obligations of any Lien Grantor under any
Hedging Agreement (as defined in the Revolving Credit Agreement) as Hedging
Secured Obligations by delivering to the Collateral Agents (a) a certificate
signed by a Financial Officer in substantially the form set forth in Schedule
11 that (i) certifies that the relevant Secured Hedging Agreements have been
entered into in compliance with the requirements of the Secured Agreements, (ii)
identifies such Secured Hedging Agreements, specifies the name and address of
the Secured Hedge Counterparty and describes the maturity, expiration or
termination date of the relevant Secured Hedging Obligations, and (iii) states
that the Lien Grantors obligations thereunder are designated as Secured
Obligations for purposes hereof and (b) a Secured Hedging Supplement hereto
with respect to such Secured Hedge Counterparty.

 

Section 10.04. Additional Lien Grantors. The Company
shall ensure that each Subsidiary of the Company that becomes a Guarantor
pursuant to the terms of any Secured Agreement shall become a party hereto by
signing and delivering to the Collateral Agents a Lien Grantor Supplement,
whereupon such Subsidiary shall become a party hereto as a “Guarantor” and a
“Lien Grantor”, with the same force and effect as if originally named as a
Guarantor and Lien Grantor herein.

 

Section 10.05. Rights and Obligations Unaffected. (a) The
execution and delivery of any Supplement shall not require the consent of any
Lien Grantor hereunder (other than the Company) and, in the case of a Lien
Grantor Supplement, the Lien Grantor to which such Lien Grantor Supplement
relates.

 

(b)       The rights and obligations
of each Lien Grantor hereunder shall remain in full force and effect
notwithstanding the addition of any new Lien

 

36

 

Grantor, Note Secured
Party, Additional Secured Party or Secured Hedge Counterparty as a party to
this Agreement.

 

ARTICLE
11

PARALLEL DEBT AND JOINT AND SEVERAL CLAIMS

 

Section 11.01. Parallel Deb. (a) Each Lien Grantor
undertakes with the Global Collateral Agent to pay to the Global Collateral
Agent its Parallel Debts. The parties acknowledge that the Global Collateral
Agent is the creditor of the Parallel Debts and shall act in its own name and
not as agent of any Secured Party (but always for the benefit of the Secured
Parties in accordance with the provisions of the Secured Agreements).

 

(b)       Paragraph (a) above is (i)
for the purpose of ensuring the validity and effect of any security right
governed by Dutch or German laws, or the laws of any other relevant
jurisdiction and granted or to be granted by any Lien Grantor pursuant to the
Secured Agreements; and (ii) without prejudice to the other provisions of the
Secured Agreements.

 

(c)       Each Parallel Debt is a
separate and independent obligation and shall not constitute the Global
Collateral Agent and any Secured Party as joint and several creditors (in
Dutch: hoofdelijk schuldeisers)  of any Underlying Debt.

 

Section 11.02. Fall Back. In respect of the Dutch Lien
Grantors only:

 

(a)       if (notwithstanding Section
11.01(c)) any Parallel Debt constitutes the Global Collateral Agent as a joint
and several creditor with any Secured Party, the Global Collateral Agent may
determine (at its discretion) that that Parallel Debt and one or more other
Parallel Debts shall be combined into one single Parallel Debt (a “Combined Dutch Parallel Debt”), whereupon
those Parallel Debts shall be combined into a Combined Dutch Parallel Debt:

 

(i)      the amount of which shall be
equal to the aggregate of the amounts of the Underlying Debts combined into it;

 

(ii)     which shall, if the
Underlying Debts are expressed in different currencies, be expressed in such of
those currencies or Euro as the Global Collateral Agent may determine (and, for
this purpose, each Underlying Debt shall be converted into the currency of the
Combined Dutch Parallel Debt at the applicable Exchange Rate);

 

(iii)    which shall, if the Underlying
Debts combined into it fall due at different times, fall due in parts
corresponding to those Underlying Debts (but otherwise in accordance with
Section 11.03); and

 

37

 

(iv)   to which this Agreement shall
otherwise apply as if the Combined Dutch Parallel Debt were a Parallel Debt.

 

(b)       if any Underlying Debt is avoided
or reduced other than (i) as a result of payment to, or recovery or discharge
by, the Secured Party to which the Underlying Debt is owed; or (ii) otherwise
with the consent of that Secured Party, then, in either case, the amount of the
Parallel Debt corresponding to that Underlying Debt shall be equal to the
amount which the Underlying Debt would have had if the avoidance or reduction
had not occurred.

 

Section 11.03. Payment. (a) No Lien Grantor may pay any
Parallel Debt other than at the instruction of, and in the manner determined
by, the Global Collateral Agent.

 

(b)       Without prejudice to clause
(a) above, no Lien Grantor shall be obliged to pay any Parallel Debt before the
corresponding Underlying Debt has fallen due.

 

Section 11.04. Application. Any payment made, or amount
recovered, in respect of a Lien Grantor’s Parallel Debts shall reduce the
Underlying Debts owed to any Secured Party by the amount which that Secured
Party is entitled to receive out of that payment or recovery under the Secured
Agreements and shall be applied in accordance with Article 4.

 

Section 11.05. Joint and Several Claims. The parties
hereto hereby agree that (a) as regards any Collateral located in or related to
the Republic of China, the Taiwan Collateral Agent and each Secured Party shall
be deemed a creditor jointly and severally with each other with respect to the
rights and claims against the Lien Grantors hereunder and under any of the
Secured Agreement pursuant to Article 283 of the Republic of China Civil Code and
shall be entitled to exercise and pursue all such rights and claims against the
Lien Grantors and (b) the Liens created under the Taiwan Security Documents
shall be created in favor of the Taiwan Collateral Agent in its capacity as a
joint and several creditor and for the joint and several benefit of the Secured
Parties; provided that nothing in
this Section 11.02 shall release the Taiwan Collateral Agent or any Secured
Party from its obligations as to actions requiring the authorization of the
Required Secured Parties or under Section 4.

 

ARTICLE
12

MISCELLANEOUS

 

Section 12.01. Continuing Nature of Provisions. This
Agreement shall continue to be effective, and shall not be revocable by any
party hereto, until this Agreement is terminated in accordance with Section
12.08. This is a continuing agreement and the Secured Parties may continue, at
any time and without notice

 

38

 

to the other parties
hereto, to extend credit and other financial accommodations, lend monies and
provide indebtedness to, or for the benefit of, the Company or any other Lien
Grantor on the faith hereof.

 

Section 12.02.  Notices.  Each notice, request or other
communication given to any party hereunder shall be in writing (which term
includes facsimile or other electronic transmission) and shall be effective (a)
when delivered to such party at its address specified below, (b) when sent to
such party by facsimile or other electronic transmission, addressed to it at
its facsimile number or electronic address specified below, and such party
sends back an electronic confirmation of receipt or (c) ten days after being
sent to such party by certified or registered United States mail, addressed to
it at its address specified below, with first class or airmail postage prepaid:

 

(i)        in the case of each Lien
Grantor:

 

NXP B.V.

High Tech Campus 60

5656 AG Eindhoven

The Netherlands

Telephone: (31) 40 272-2041

Telecopy: (31) 40 272-4005

Email: guido.dierick@nxp.com

Attention: Guido Dierick

 

With a copy to:

 

KASLION Acquisition B.V.

High Tech Campus 60

5656 AG Eindhoven

The Netherlands

Telephone: (31) 20 5407575

Telecopy: (31) 20 5407500

Email: erik.thyssen@alpinvest.com

Attn: Erik Thyssen

 

(ii)       in the case of the Global
Collateral Agent:

 

20 Cabot Square

Canary Wharf

London E14 4QW

England

Facsimile No: +44 20 7056 3377

Telephone No: +44 20 7672 4012

E-mail:
David.Hobbs@Morganstanley.com

Attention: David Hobbs

 

39

 

(iii)      in the case of the Taiwan
Collateral Agent:

 

Bracken House

One Friday Street

London EC4M 9JA

England

Facsimile: +44 20 7012 4304

Attention: +44 20 7012 4131

E-mail: neil.rickard@mhcb.co.uk

 

(iv)      in the case of the RCF
Administrative Agent:

 

20 Cabot Square

Canary Wharf

London E14 4QW

England

Facsimile No: +44 20 7056 3377

Telephone No: +44 20 7672 4012

E-mail: David.Hobbs@Morganstanley.com

Attention: David Hobbs

 

(v)       in the case of the Bridge
Administrative Agent:

 

20 Cabot Square

Canary Wharf

London E14 4QW

England

Facsimile No: +44 20 7056 3377

Telephone No: +44 20 7672 4012

E-mail: David.Hobbs@Morganstanley.com

Attention: David Hobbs

 

(vi)      in the case of any Note
Secured Party, its address, facsimile number and email address set forth in its
Note Supplement;

 

(vii)     in the case of any Additional
Secured Party, its address, facsimile number and email address set forth in its
Additional Secured Obligations Supplement; and

 

(viii)    in the case of any Secured
Hedge Counterparty, its address, facsimile number and email address set forth
in its Secured Hedging Supplement.

 

Any party may change its
address, facsimile number and/or e-mail address for purposes of this Section by
giving notice of such change to the Collateral Agents and the Company in the
manner specified above.

 

40

 

Section 12.03. No Implied Waivers; Remedies Not Exclusive. No
failure by a Collateral Agent or any Secured Party to exercise, and no delay in
exercising and no course of dealing with respect to, any right or remedy under
any Security Document shall operate as a waiver thereof; nor shall any single
or partial exercise by a Collateral Agent or any Secured Party of any right or
remedy under any Security Document preclude any other or further exercise
thereof or the exercise of any other right or remedy. The rights and remedies
specified in the Security Documents are cumulative and are not exclusive of any
other rights or remedies provided by law.

 

Section 12.04. Successors and Assigns. This Agreement is
for the benefit of the Collateral Agents and the Secured Parties. If all or any
part of any Secured Party’s interest in any Secured Obligation is assigned or
otherwise transferred, the transferor’s rights hereunder, to the extent
applicable to the obligation so transferred, shall be automatically transferred
with such obligation. This Agreement shall be binding on the parties hereto and
their respective successors and assigns.

 

Section 12.05. Choice of Law. This Agreement shall be
construed in accordance with and governed by the laws of the State of New York,
except as otherwise required by mandatory provisions of law and except to the
extent that remedies provided by the laws of any jurisdiction other than the
State of New York are governed by the laws of such jurisdiction.

 

Section 12.06. Waiver of Jury Trial. EACH PARTY HERETO
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO ANY SECURITY DOCUMENT OR ANY TRANSACTION CONTEMPLATED
THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (b)
ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

 

Section 12.07. Severability. If any provision of any
Security Document is invalid or unenforceable in any jurisdiction, then, to the
fullest extent permitted by applicable Law, (a) the other provisions of the
Security Documents shall remain in full force and effect in such jurisdiction
and shall be liberally construed in favor of the Collateral Agents and the
Secured Parties in order to carry out the intentions of the parties thereto as
nearly as may be possible and (b) the invalidity

 

41

 

or unenforceability of
such provision in such jurisdiction shall not affect the validity or
enforceability thereof in any other jurisdiction.

 

Section 12.08. Termination. This Agreement shall
automatically terminate (provided that the provisions of Article 8 shall not be
affected by any such termination) when (a) all Liens and security interests
granted under the Security Documents have terminated, (b) all the Secured Obligations
have been indefeasibly paid in full in cash and no Secured Party has any
further commitment to extend credit under any Secured Agreement, and (c) each
Secured Party has notified the Collateral Agents in writing that the events
described in clauses (a) and (b) have occurred (and each Secured Party agrees
to provide such notification promptly after such occurrence); provided, however, that (i) this Agreement
shall continue to be effective or be reinstated, as the case may be, if at any
time payment, or any part thereof, of any Secured Obligation is rescinded or
must otherwise be restored by any Collateral Agent, any Secured Party, the
Company or any other Lien Grantor in any Insolvency Proceeding of the Company,
any other Lien Grantor or otherwise and (ii) Section 8.04 shall survive
termination of this Agreement.

 

42

 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above
written.

 

	
   

  	
   

  	
  GLOBAL COLLATERAL AGENT

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   MORGAN
  STANLEY SENIOR

  FUNDING, INC.,

  as Global Collateral Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  

  /s/ Mathias Blumschein

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mathias
  Blumschein

  
	
   

  	
   

  	
   

  	
  Title: Authorised
  Attorney

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

	
   

  	
   

  	
  TAIWAN COLLATERAL AGENT

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MIZUHO
  CORPORATE BANK, LTD.,

  as Taiwan Collateral Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ M. Kobayashi

  	
   

  
	
   

  	
   

  	
   

  	
  Name: M. Kobayashi

  
	
   

  	
   

  	
   

  	
  Title: Joint General Manager

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

	
   

  	
   

  	
  SECURED
  PARTIES

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MORGAN
  STANLEY SENIOR

  FUNDING, INC.,

  as RCF Administrative Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Mathias Blumschein

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mathias
  Blumschein

  
	
   

  	
   

  	
   

  	
  Title: Authorised
  Attorney

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  MORGAN
  STANLEY SENIOR

  FUNDING, INC.,

  as Bridge Administrative Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Mathias Blumschein

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Mathias
  Blumschein

  
	
   

  	
   

  	
   

  	
  Title: Authorised
  Attorney

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  KASLION ACQUISITION B.V.

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: [Illegible]

  
	
   

  	
   

  	
   

  	
  Title: [Illegible]

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  

  /s/ J.M.L.M. Ingenhousz

  	
   

  
	
   

  	
   

  	
   

  	
  Name: J.M.L.M.
  Ingenhousz

  
	
   

  	
   

  	
   

  	
  Title: 

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS ELECTRONIC

  BUILDING ELEMENTS

  INDUSTRIES (TAIWAN) LTD.

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ J. J. Wang

  	
   

  
	
   

  	
   

  	
   

  	
  Name: J. J. Wang

  
	
   

  	
   

  	
   

  	
  Title: Director

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  PHILIPPINES INC.

  
	
   

  	
   

  	
   

  
	
  

  	
  By:

  	
  

  /s/ Virginia Melba A. Cuyahon

  
	
   

  	
   

  	
   

  	
  VIRGINIA MELBA A. CUYAHON

  
	
   

  	
   

  	
   

  	
  General Manager - Calamba Plant

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  	
  

  /s/ Steven Brader

  
	
   

  	
   

  	
   

  	
  STEVEN BRADER

  
	
   

  	
   

  	
   

  	
  General Manager - Cabuyao Plant

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  NXP FUNDING LLC

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: [Illegible]

  
	
   

  	
   

  	
   

  	
  Title: Secretary

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  FRANCE SAS

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Alain Millet

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Alain Millet

  
	
   

  	
   

  	
   

  	
  Title: [Illegible]

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ J. A. W. Schreurs

  	
   

  
	
   

  	
   

  	
   

  	
  Name: J. A. W. Schreurs

  
	
   

  	
   

  	
   

  	
  Title: attorney

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  USA, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
  Title: 

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  GERMANY GMBH

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Kuckhermann

  
	
   

  	
   

  	
   

  	
  Title: CEO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
  Title: 

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  GERMANY GMBH

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
  Title: 

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Dr. Michael
  Hommel

  
	
   

  	
   

  	
   

  	
  Title: Geschäftsführer

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  SINGAPORE PTE. LTD.

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By:

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
  Title: 

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  HONG KONG LIMITED

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

 

SIGNATURE PAGE TO
COLLATERAL AGENCY AGREEMENT

 

Schedule 1

 

FORM OF ENFORCEMENT NOTICE

 

	
  Morgan Stanley Senior
  Funding, Inc.

  	
   

  	
  Mizuho Corporate Bank,
  Ltd.

  
	
  20 Cabot Square

  	
   

  	
  [Address]

  
	
  Canary Wharf

  	
   

  	
   

  
	
  London
  E14 4QW

  	
   

  	
   

  
	
  England

  	
   

  	
   

  
	
  Attention:
  [          ]

  	
   

  	
   

  

 

Ladies and Gentlemen:

 

Reference is made
to the Collateral Agency Agreement (the “Collateral
Agency Agreement”) dated as of September 29, 2006, among KASLION
ACQUISITION B.V. (“Holdings”), NXP
B.V. (the “Company”), the
Subsidiaries of the Company from time to time party thereto, the Secured
Parties from time to time party thereto, and MORGAN STANLEY SENIOR FUNDING,
INC. in its capacity as Global Collateral Agent and MIZUHO CORPORATE BANK, LTD.
in its capacity as Taiwan Collateral Agent.

 

This is an
Enforcement Notice for the purposes of the Collateral Agency Agreement.

 

Pursuant to
Section 3.03 of the Collateral Agency Agreement, we hereby instruct you to take
enforcement action under the Security Documents and [describe relevant Secured
Obligations] have become due and payable prior to the stated maturity thereof
pursuant to the terms of the relevant Secured Agreement and remain unpaid as of
the date hereof.

 

 

Very  truly yours,

 

[Secured
Party]

 

By:

Name:

Title:

 

 

Schedule 2

 

FORM OF RESCISSION NOTICE

 

	
  Morgan Stanley Senior
  Funding, Inc.

  	
   

  	
  Mizuho Corporate Bank,
  Ltd.

  
	
  20 Cabot Square

  	
   

  	
  [Address]

  
	
  Canary Wharf

  	
   

  	
   

  
	
  London E14 4QW

  	
   

  	
   

  
	
  England

  	
   

  	
   

  
	
  Attention:
  [           ]

  	
   

  	
   

  

 

Ladies and Gentlemen:

 

Reference is made
to the Collateral Agency Agreement (the “Collateral
Agency Agreement”) dated as of September 29, 2006, among KASLION
ACQUISITION B.V. (“Holdings”), NXP
B.V. (the “Company”), the
Subsidiaries of the Company from time to time party thereto, the Secured
Parties from time to time party thereto, and MORGAN STANLEY SENIOR FUNDING,
INC. in its capacity as Global Collateral Agent and MIZUHO CORPORATE BANK, LTD.
in its capacity as Taiwan Collateral Agent

 

This is a
Rescission Notice for the purposes of the Collateral Agency Agreement.

 

Pursuant to
Section 3.04 of the Collateral Agency Agreement, the instruction given on
[date] pursuant to [Section 3.01] [Section 3.02] [Section 3.03] of the
Collateral Agency Agreement and attached hereto as Exhibit A is hereby revoked.

 

 

Very truly yours,

 

[Secured Party](1)

 

By:

Name:

Title:

 

(1) Must be the same
Secured Party that provided the instruction being revoked.

 

 

EXHIBIT A

 

See Attached

 

2

 

Schedule 3

 

FORM OF NOTE SECURED OBLIGATIONS CERTIFICATION

 

	
  Morgan Stanley Senior
  Funding, Inc.

  	
   

  	
  Mizuho Corporate Bank,
  Ltd.

  
	
  20 Cabot Square

  	
   

  	
  [Address]

  
	
  Canary Wharf

  	
   

  	
   

  
	
  London E14 4QW

  	
   

  	
   

  
	
  England

  	
   

  	
   

  
	
  Attention:
  [           ]

  	
   

  	
   

  

 

Ladies and Gentlemen:

 

Reference is made
to the Collateral Agency Agreement (the “Collateral
Agency Agreement”) dated as of September 29, 2006, among KASLION
ACQUISITION B.V. (“Holdings”), NXP
B.V. (the “Company”), the
Subsidiaries of the Company from time to time party thereto, the Secured
Parties from time to time party thereto, and MORGAN STANLEY SENIOR FUNDING,
INC. in its capacity as Global Collateral Agent and MIZUHO CORPORATE BANK, LTD.
in its capacity as Taiwan Collateral Agent. Capitalized terms used and not
otherwise defined herein are used as defined in the Collateral Agency
Agreement.

 

This is a Note
Certification for the purposes of the Collateral Agency Agreement.

 

I,                                 ,
hereby certify that I am the duly elected, qualified and acting [Financial Officer] of the Company and am
authorized to execute this Note Certification on behalf of the Company.

 

Solely in my
capacity as [Financial Officer] of
the Company, I hereby certify that:

 

1.                         The
following documents have been entered into for the purpose of repaying the
Bridge Secured Obligations and shall be Note Secured Documents for the purposes
of the Collateral Agency Agreement:

 

(a)                     [                             ]

 

(b)                    [                             ]

 

(c)                     [                             ]

 

2.                         The Note
Secured Party is [                             ]
as trustee for and in behalf of [                            ].

 

 

3.                         The maturity
date of the Note Secured Obligation is [                       ].

 

4.                         The Lien
Grantors obligations under the Note Secured Documents specified above are
designated as Secured Obligations for purposes of the Collateral Agency
Agreement.

 

	
  Very truly yours,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NXP
  B.V.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  
						

 

 

2

 

Schedule 4

 

FORM OF NOTE SUPPLEMENT

 

NOTE SUPPLEMENT
dated as of                ,
        , between [NAME OF NOTE SECURED
PARTY] (the “Note Secured Party”),
MORGAN STANLEY SENIOR FUNDING, INC., as Global Collateral Agent (the “Global Collateral Agent”), MIZUHO
CORPORATE BANK, LTD., as Taiwan Collateral Agent (the “Taiwan Collateral Agent”) and NXP B.V.
(the “Company”).

 

WHEREAS, KASLION
Acquisition B.V., the Company, the Subsidiaries of the Company from time to
time party thereto, the Secured Parties from time to time party thereto the
Global Collateral Agent and the Taiwan Collateral Agent are parties to a
Collateral Agency Agreement dated as of September 29, 2006 (as amended and/or
supplemented, the “Collateral Agency
Agreement”);

 

WHEREAS, Section
10.01 of the Collateral Agency Agreement provides that Persons may become party
to the Collateral Agency Agreement as Note Secured Parties by execution and
delivery of a supplement in the form of this Note Supplement; and

 

WHEREAS, terms
defined in the Collateral Agency Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.                          Party to Collateral Agency Agreement. In
accordance with Section 10.01 of the Collateral Agency Agreement, on and from
the date of this Note Supplement (the “Effective
Date”), the Note Secured Party will become a party to the Collateral
Agency Agreement and will have all the rights, obligations and liabilities of a
Note Secured Party thereunder and be bound by all the provisions thereof as
fully as if the Note Secured Party were one of the original parties thereto.

 

2.                          Notices. The contact information of the
Note Secured Party for purposes of notices under the Collateral Agency
Agreement is as follows:

 

[Address] 

Attention:

Facsimile: 

E-mail:

 

 

3.                          Governing Law. This Note Supplement shall
be construed in accordance with and governed by the laws of the State of New
York.

 

IN WITNESS
WHEREOF, the parties hereto have caused this Note Supplement to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

 

	
   

  	
   

  	
  [NAME OF NOTE SECURED
  PARTY]

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
  MORGAN STANLEY SENIOR
  FUNDING, 

  INC., as Global Collateral Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
  MIZUHO CORPORATE BANK,
  LTD., 

  as Taiwan Collateral Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:

  

 

2

 

Schedule 5

 

AGREED SECURITY PRINCIPLES

 

1.                         Agreed
Security Principles

 

1.1                   The guarantees
and security interests to be provided by the Lien Grantors will be given in
accordance with certain agreed security principles (the “Agreed Security Principles”). This
Schedule 6 identifies the Agreed Security Principles and addresses the manner
in which the Agreed Security Principles will impact on or be determinant of the
guarantees and security interests to be taken in relation to this Secured
Agreements.

 

1.2                   The Agreed
Security Principles embody a recognition by all parties that there may be
certain legal, commercial and practical difficulties in obtaining effective
security from the Company and each of its Restricted Subsidiaries in every
jurisdiction in which the Company and its Restricted Subsidiaries are located.
In particular:

 

(a)                    general
statutory limitations, financial assistance, corporate benefit, fraudulent
preference, “thin capitalization” rules, retention of title claims and similar
matters may limit the ability of the Company or any of its Restricted
Subsidiaries to provide a guarantee or security interest or may require that it
be limited as to amount or otherwise, and if so the same shall be limited
accordingly, provided that the
Company or the relevant Restricted Subsidiary shall use reasonable endeavors to
overcome such obstacle. The Company will use reasonable endeavors to assist in
demonstrating that adequate corporate benefit accrues to each of the Restricted
Subsidiary;

 

(b)                   the Company and
its Restricted Subsidiaries will not be required to give Guarantees or enter
into Security Documents if (or to the extent) it is not within the legal
capacity of the Company or its relevant Restricted Subsidiary or if the same
would conflict with the fiduciary duties of their directors or contravene any
legal prohibition or regulatory condition or result in, or could reasonably be
expected to result in, a material risk of personal or criminal liability for
any officer or director of the Company or any of the Restricted Subsidiaries, provided that the Company and each of its
Restricted Subsidiaries shall use reasonable endeavors to overcome any such
obstacle;

 

(c)                    a key factor
in determining whether or not security shall be taken is the applicable cost
(including adverse effects on interest deductibility, registration taxes and
notarial costs) which shall not be

 

 

disproportionate to the
benefit to the Secured Parties of obtaining such security;

 

(d)                   where there is
material incremental cost involved in creating security over all assets owned
by any of the Lien Grantors in a particular category (e.g. real estate), regard
shall be had to the principle stated at paragraph 1.2(c) of this Schedule 1.1(a)
which shall apply to the immaterial assets and, subject to the Agreed Security
Principles, only the material assets in that category (e.g. real estate of
material economic value) shall be subject to security;

 

(e)                    it is
expressly acknowledged that it may be either impossible or impractical to
create security over certain categories of assets in which event security will
not be taken over such assets;

 

(f)                      any assets
subject to contracts, leases, licenses or other arrangements with a third party
that exist concurrently (but which are not created in contemplation of the Transactions)
or are not prohibited by this Agreement and which (subject to override by the
UCC and other relevant provisions of applicable law), effectively prevent those
assets from being charged will be excluded from any relevant Security Document;
provided that reasonable
endeavors to obtain consent to creating Security Interests in any such assets
shall be used by the Company and each of its Restricted Subsidiaries to avoid
or overcome such restrictions if a Secured Party reasonably determines that the
relevant asset is material (which endeavors shall not include the payment of
any consent fees), but unless effectively prohibited by contracts, leases,
licenses or other arrangements with a third party that exist concurrently (but
which are not created in contemplation of the Transactions) or are not
prohibited by the Secured Agreements, this shall not prevent security being
given over any receipt or recovery under such contract, lease or license;

 

(g)                   the giving of a
guarantee, the granting of security or the perfection of the security granted
will not be required if it would have a material adverse effect (as reasonably
determined in good faith by management of the relevant obligor) on the ability
of the relevant obligor to conduct its operations and business in the ordinary
course as otherwise permitted by the Secured Agreements;

 

(h)                   in the case of
accounts receivable, a material adverse effect on Holdings’ or a Lien Grantor’s
relationship with or sales to the customer generating such receivables or material
legal or commercial difficulties (as reasonably determined by management of the
relevant obligor in good faith) provided that
none of Holdings nor any Lien Grantor may utilize this exception unless, after
giving effect thereto no

 

2

 

less than a majority of
the book value of the accounts receivable of the Company and its Subsidiaries
on a consolidated basis (as measured at the end of each fiscal quarter) is
subject to perfected liens, and provided further
that any accounts receivable of the Lien Grantors excluded from collateral by
virtue of this clause (except where prohibited by law and subject to the
remainder of these Agreed Security Principles) shall be subject to perfected
liens promptly if and when the corporate credit of the Company is downgraded to
“B” or lower from S&P and “B2” or lower from Moody’s;

 

(i)                       security
will be limited so that the aggregate of notarial costs and all registration
and like taxes relating to the provision of security shall not exceed an amount
to be agreed. Any additional costs may be paid by the Secured Parties at their
option; and

 

(k)                    all security
shall be given in favor of a single security trustee or collateral agent and
not the secured parties individually. “Parallel debt” provisions and other
similar structural options will be used where necessary and such provisions
will be contained in the intercreditor agreement and not the individual
security documents unless required under local law. No action will be required to
be taken in relation to the guarantees or security when any lender assigns or
transfers any of its participation in any Secured Agreement to a new lender.

 

2.                         Terms of
Security Documents

 

The following principles
will be reflected in the terms of any Security Document to be executed and
delivered as part of the Transaction:

 

(a)                    subject to
permitted liens and these Agreed Security Principles the security will be first
ranking and the perfection of security (when required) and other legal
formalities will be completed as soon as practicable and, in any event, within
the time periods specified in the Secured Agreements or, if earlier or to the
extent no such time period is specified in the Secured Agreements, within the
time periods specified by applicable law in order to ensure due perfection;

 

(b)                   the security
will not be enforceable until an Enforcement Event has occurred;

 

(c)                    prior to the
maturity date of loans and credit extended under the Secured Agreements,
notification of any security interest over bank accounts will be given (subject
to legal advice) to the  banks with
whom the accounts are maintained only if an Enforcement Event has occurred;

 

3

 

(d)                   notification of
receivables security to debtors who are not members of the Company or its
Subsidiaries will only be given if an Enforcement Event has occurred;

 

(e)                    notification
of any security interest over insurance policies will be served on any insurer
of the Company’s or any Restricted Subsidiaries’ assets (other than in respect
of any insurance policy maintained by the Company or any of its Restricted
Subsidiaries which is due to expire on or before December 31, 2006);

 

(f)                      the Security
Documents should only operate to create security rather than to impose new
commercial obligations. Accordingly, they should not contain material
additional representations, undertakings or indemnities (such as in respect of
insurance, information or the payment of costs) unless these are the same as or
consistent with those contained in the Secured Agreements or are necessary for
the creation or perfection of the security;

 

(g)                   in respect of
the share pledges and pledges of intra-group receivables, until an Enforcement
Event has occurred, the pledgors will be permitted to retain and to exercise
voting rights to any shares pledged by them in a manner which does not
materially adversely affect the value of the security (taken as a whole) or the
validity or enforceability of the security or cause an event of default under any
Secured Agreement to occur, and the pledgors will be permitted to receive
dividends on pledged shares and payment of intra-group receivables and retain
the proceeds and/or make the proceeds available to Holdings and its
Subsidiaries to the extent not prohibited under the Secured Agreements;

 

(h)                   Secured Parties
will only be able to exercise a power of attorney in any Security Document
following the occurrence of an Enforcement Event or with respect to perfection
or further assurance obligations that following request, the relevant obligor
has failed to satisfy;

 

(i)                       no obligor
shall be required to provide surveys on real property (unless such surveys
already exist in which case there shall be no requirement that such surveys be
certified to the Secured Parties) or to remove any encumbrances on title (not
created in contemplation of the Transactions) that are reflected in any title
insurance or any other existing encumbrances on real property (not created in
contemplation of the Transactions) (not including Liens securing Indebtedness
of the Company or any of its Restricted Subsidiaries);

 

(j)                       no obligor
shall be required to protect any security interests in the United States prior
to the occurrence of an Enforcement Event by

 

4

 

means other than
customary filings (including UCC-1s, mortgage or deed of trust filings and
patent and trademark, filings) and delivery of share certificates (accompanied
by powers of attorney executed in blank) and any intercompany promissory notes;
and

 

(k)                    information,
such as lists of assets, will be provided if, and only to the extent, required
by local law to be provided to protect or create, perfect or register the
security and, to the extent so required will be provided annually (unless
required to be provided by local law more frequently, but not more frequently
than quarterly) and following the occurrence and during the continuance of an
event of default under any Secured Agreement, on the applicable Collateral
Agent’s reasonable request.

 

5

 

Schedule 6

 

FORM OF LIEN GRANTOR SUPPLEMENT

 

LIEN GRANTOR
SUPPLEMENT dated as of                  ,
              ,
between [NAME OF LIEN GRANTOR] (the “New Lien
Grantor”), MORGAN STANLEY SENIOR FUNDING, INC., as Global Collateral
Agent (the “Global Collateral Agent”),
MIZUHO CORPORATE BANK, LTD., as Taiwan Collateral Agent (the “Taiwan Collateral Agent”) and NXP B.V.
(the “Company”).

 

WHEREAS, KASLION
Acquisition B.V., the Company, the Subsidiaries of the Company from time to
time party thereto, the Secured Parties from time to time party thereto, the
Global Collateral Agent and the Taiwan Collateral Agent are parties to a
Collateral Agency Agreement dated as of September 29, 2006 (as heretofore amended
and/or supplemented, the “Collateral Agency
Agreement”);

 

WHEREAS, Section
10.04 of the Collateral Agency Agreement provides that additional Subsidiaries
may become Lien Grantors under the Collateral Agency Agreement by execution and
delivery of a supplement in the form of this Lien Grantor Supplement; and

 

WHEREAS, terms
defined in the Collateral Agency Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.                          Party to Collateral Agency Agreement. In
accordance with Section 11.01 of the Collateral Agency Agreement, on and from
the date of this Lien Grantor Supplement (the “Effective
Date”), the New Lien Grantor will become a party to the Collateral
Agency Agreement and will have all the rights, obligations and liabilities of a
Guarantor and a Lien Grantor thereunder and be bound by all the provisions
thereof as fully as if the New Lien Grantor were one of the original parties
thereto. On and from the Effective Date, each reference to a Guarantor or Lien
Grantor in the Collateral Agency Agreement shall be deemed to include the New
Lien Grantor.

 

2.                          Representations and Warranties. The New
Lien Grantor represents and warrants that the representations and warranties
made by or under the Secured Agreements to which it is a party are true and
correct in all material respects on and as of the date hereof.

 

 

3.                          Governing Law. This Lien Grantor
Supplement shall be construed in accordance with and governed by the laws of
the State of New York.

 

IN WITNESS
WHEREOF, the parties hereto have caused this Lien Grantor Supplement to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

	
   

  	
   

  	
   

  	
  [NAME OF LIEN GRANTOR]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  MORGAN STANLEY SENIOR
  FUNDING,

  INC., as Global Collateral Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  MIZUHO CORPORATE BANK,
  LTD.

  as Taiwan Collateral
  Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

2

 

Schedule 7

 

FORM OF ADDITIONAL SECURED
OBLIGATIONS SUPPLEMENT

 

ADDITIONAL SECURED
OBLIGATIONS SUPPLEMENT dated as of              ,
           , between
[NAME OF ADDITIONAL SECURED PARTY] (the “Additional
Secured Party”), MORGAN STANLEY SENIOR FUNDING, INC., as Global
Collateral Agent (the “Global Collateral
Agent”), MIZUHO CORPORATE BANK, LTD., as Taiwan Collateral Agent
(the “Taiwan Collateral Agent”)
and NXP B.V. (the “Company”).

 

WHEREAS, KASLION
Acquisition B.V., the Company, the Subsidiaries of the Company from time to
time party thereto, the Secured Parties from time to time party thereto, the
Global Collateral Agent and the Taiwan Collateral Agent are parties to a
Collateral Agency Agreement dated as of September 29, 2006 (as amended and/or supplemented,
the “Collateral Agency Agreement”);

 

WHEREAS, Section
10.02 of the Collateral Agency Agreement provides that Persons may become party
to the Collateral Agency Agreement as Additional Secured Parties by execution
and delivery of a supplement in the form of this Additional Secured Obligations
Supplement; and

 

WHEREAS, terms
defined in the Collateral Agency Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.                          Party to Collateral Agency Agreement. In
accordance with Section 10.02 of the Collateral Agency Agreement, on and from
the date of this Additional Secured Obligations Supplement (the “Effective Date”),  the Additional Secured Party will become a
party to the Collateral Agency Agreement and will have all the rights,
obligations and liabilities of an Additional Secured Party thereunder and be
bound by all the provisions thereof as fully as if the Additional Secured Party
were one of the original parties thereto.

 

2.                          Notices. The contact information of the
Additional Secured Party for purposes of notices under the Collateral Agency
Agreement is as follows:

 

[Address] 

Attention:

Facsimile:

E-mail:

 

 

4.                          Governing Law. This Additional Secured
Obligations Supplement shall be construed in accordance with and governed by
the laws of the State of New York.

 

IN WITNESS
WHEREOF, the parties hereto have caused this Note Supplement to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

 

	
   

  	
   

  	
   

  	
  [NAME OF
  ADDITIONAL SECURED

  PARTY]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  

  	
   

  	
  By:

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  MORGAN STANLEY SENIOR
  FUNDING, 

  INC., as Global Collateral Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  MIZUHO CORPORATE BANK,
  LTD.,

  as Taiwan Collateral
  Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

 

	
   

  	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  

 

2

 

Schedule 8

 

FORM OF ADDITIONAL SECURED OBLIGATIONS CERTIFICATION

 

	
  Morgan Stanley Senior
  Funding, Inc.

  	
   

  	
  Mizuho Corporate Bank,
  Ltd.,

  
	
  20 Cabot Square

  	
   

  	
  [Address]

  
	
  Canary Wharf

  	
   

  	
   

  
	
  London E14 4QW

  	
   

  	
   

  
	
  England

  	
   

  	
   

  
	
  Attention:
  [        ]

  	
   

  	
   

  

 

Ladies and Gentlemen:

 

Reference is made
to the Collateral Agency Agreement (the “Collateral
Agency Agreement”) dated as of September 29, 2006, among KASLION
ACQUISITION B.V. (“Holdings”), NXP
B.V. (the “Company”), the
Subsidiaries of the Company from time to time party thereto, the Secured
Parties from time to time party thereto, and MORGAN STANLEY SENIOR FUNDING,
INC. in its capacity as Global Collateral Agent and MIZUHO CORPORATE BANK, LTD.
in its capacity as Taiwan Collateral Agent. Capitalized terms used and not
otherwise defined herein are used as defined in the Collateral Agency
Agreement.

 

This is an
Additional Secured Obligations Certification for the purposes of the Collateral
Agency Agreement.

 

I,                         ,
hereby certify that I am the duly elected, qualified and acting [Financial Officer]  of the Company and am authorized to
execute this Additional Secured Obligations Certification on behalf of the
Company.

 

Solely in my capacity
as [Financial Officer]  of the Company, I hereby certify that:

 

1.                         The
following documents have been entered into in compliance with the requirements
of the Secured Agreements:

 

(a)                     [                   ]

 

(b)                    [                   ]

 

(c)                     [                   ]

 

2.                         The
Indebtedness incurred under the documents specified in clause 1 above and the
Liens granted in respect thereof are permitted under the Secured Agreements.

 

 

3.                         The
Additional Secured Obligations shall have [specify priority] under Section 4.04
of the Collateral Agency Agreement and such priority is permitted under the
Secured Agreements;

 

4.                         The Lien
Grantors obligations under the documents specified above are designated as
Secured Obligations for purposes of the Collateral Agency Agreement.

 

 

Very truly yours,

 

NXP
B.V.

 

	
  By: 

  	
  

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  

 

 

2

 

Schedule 9

 

Security Documents

 

PART A – DUTCH SECURITY
DOCUMENTS

 

(a)                    Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee, in relation to the shares in Philips Semiconductors B.V.

 

(b)                   Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee, in relation to the shares in Philips Software B.V.

 

(c)                    Pledge of
Shares between KASLION Acquisition B.V., as pledgor, and Morgan Stanley Senior
Funding, Inc., as pledgee, in relation to the shares in NXP B.V.

 

(d)                   Disclosed
Pledge of Insurance Receivables between NXP B.V. and Philips Semiconductors
B.V., as pledgors, and Morgan Stanley Senior Funding, Inc., as pledgee.

 

(e)                    Disclosed
Pledge of Intercompany Receivables between KASLION Acquisition B.V., NXP B.V.
and Philips Semiconductors B.V., as pledgors, and Morgan Stanley Senior
Funding, Inc., as pledgee.

 

(f)                      Undisclosed
Pledge of Third Party Receivables between NXP B.V. and Philips Semiconductors
B.V., as pledgors, and Morgan Stanley Senior Funding, Inc., as pledgee.

 

(g)                   Non-Possessory
Pledge of Moveable Assets between KASLION Acquisition B.V., NXP B.V. and Philips
Semiconductors B.V., as pledgors, and Morgan Stanley Senior Funding, Inc., as
pledgee.

 

(h)                   Pledge of IP
Rights between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee.

 

(i)                       Deed of
Mortgage between Philips Semiconductors B.V. and Morgan Stanley Senior Funding,
Inc., as Global Collateral Agent.

 

PART B – ENGLISH SECURITY
DOCUMENTS

 

(a)                    Debenture
between NXP B.V. and Morgan Stanley Senior Funding, Inc., as Global Collateral
Agent, in relation to security over shares, receivables, intellectual property
rights and certain bank accounts.

 

(b)                   Debenture
between Philips Semiconductors UK Limited and Morgan Stanley Senior Funding,
Inc., as Global Collateral Agent.

 

 

(c)                    Charge over
intercompany receivables between Philips Semiconductors (Thailand) Co. Ltd. and
Morgan Stanley Senior Funding, Inc., as Global Collateral Agent.

 

PART C – FRENCH SECURITY
DOCUMENTS

 

(a)                    Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee, in relation to the shares in Philips Semiconductors France SAS.

 

(b)                   Intercompany
Debt Pledge Agreement between NXP B .V. and Morgan Stanley Senior Funding,
Inc., as Global Collateral Agent.

 

(c)                    IP Security
Agreement between NXP B.V. and Morgan Stanley Senior Funding, Inc., as Global
Collateral Agent, relating to intellectual property in France.

 

(d)                   Pledge of
Shares between Philips Semiconductors France SAS, as pledgor, and Morgan
Stanley Senior Funding, Inc., as pledgee, in relation to the shares in Crolles.

 

(e)                    Pledge of
Trade Receivables between Philips Semiconductors France SAS, as pledgor, and
Morgan Stanley Senior Funding, Inc., as pledgee.

 

(f)                      Pledge of
Business as an Ongoing Concern between Philips Semiconductors France SAS, as
pledgor, and Morgan Stanley Senior Funding, Inc., as pledgee.

 

PART D – GERMAN SECURITY
DOCUMENTS

 

(a)                      Pledge of Shares between NXP B.V., as pledgor,
and Morgan Stanley Senior Funding, Inc., as pledgee, in relation to the shares
in Philips Semiconductors Germany GmbH.

 

(b)                     Pledge of Shares between Philips
Semiconductors Germany GmbH, as pledgor, and Morgan Stanley Senior Funding,
Inc., as pledgee, in relation to the shares in Philips Semiconductors Dresden
AG.

 

(c)                      Land Charge Deeds between Philips
Semiconductors Germany GmbH and Morgan Stanley Senior Funding, Inc., as Global
Collateral Agent.

 

(d)                     Security Transfer of Moveable Assets between
Philips Semiconductors Germany GmbH and Morgan Stanley Senior Funding, Inc., as
Global Collateral Agent.

 

(e)                      Global Assignment of Receivables between Philips
Semiconductors Germany GmbH and Morgan Stanley Senior Funding, Inc., as Global
Collateral Agent.

 

2

 

(f)                      IP Security
Agreement between NXP B.V. and Morgan Stanley Senior Funding, Inc., as Global
Collateral Agent, relating to intellectual property in Germany.

 

PART E – HONG KONG
SECURITY DOCUMENTS

 

(a)                    Share and
Receivables Charge over the shares and receivables in Philips Semiconductors
Hong Kong Limited between NXP B.V. and Morgan Stanley Senior Funding, Inc., as
Global Collateral Agent.

 

(b)                   Debenture
between Philips Semiconductors Hong Kong Limited and Morgan Stanley Senior
Funding, Inc., as Global Collateral Agent.

 

PART F – PHILIPPINES
SECURITY DOCUMENTS

 

(a)                    Deed of
Conditional Assignment to be entered into among Philips Semiconductors
Philippines, Inc. and NXP B.V., as Assignors, and Hong Kong Shanghai Banking
Corporation, Philippine Branch, as Assignee and Escrow Agent.

 

PART G – SINGAPORE
SECURITY DOCUMENTS

 

(a)                    Charge over
the shares in Philips Semiconductors Singapore Pte. Ltd. between NXP B.V. and
Morgan Stanley Senior Funding, Inc., as Global Collateral Agent.

 

(b)                   Charge over the
shares in Systems On Silicon Manufacturing Company Pte. Ltd. between NXP B.V.
and Morgan Stanley Senior Funding, Inc., as Global Collateral Agent.

 

(c)                    Debenture
between Philips Semiconductors Singapore Pte. Ltd. and Morgan Stanley Senior
Funding, Inc., as Global Collateral Agent.

 

PART H – TAIWAN SECURITY
DOCUMENTS

 

(a)                    Mortgage over
the shares in Philips Electronics Building Elements Industries (Taiwan) Ltd. to
be entered into between Mizuho Corporate Bank, Ltd., as Taiwan Collateral
Agent, and NXP B.V.

 

(b)                   Mortgage of
land and buildings to be entered into between Mizuho Corporate Bank, Ltd., as
Taiwan Collateral Agent, and Philips Electronics Building Elements Industries
(Taiwan) Ltd.

 

(c)                    Mortgage of
equipment to be entered into between Mizuho Corporate Bank, Ltd., as Taiwan
Collateral Agent, and Philips Electronics Building Elements Industries (Taiwan)
Ltd.

 

3

 

(d)                   Assignment of
accounts receivable to be entered into between Mizuho Corporate Bank, Ltd., as
Taiwan Collateral Agent, and Electronics Building Elements Industries (Taiwan)
Ltd.

 

PART I – THAI SECURITY
DOCUMENTS

 

(a)                    Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee, in relation to the shares in Philips Semiconductors (Thailand) Co.
Ltd.

 

(b)                   Assignment of
Receivables from material contracts and insurances between Philips
Semiconductors (Thailand) Co. Ltd. and Morgan Stanley Senior Funding, Inc., as
Global Collateral Agent.

 

(c)                    Mortgage of
Real Property between Philips Semiconductors (Thailand) Co. Ltd. and Morgan
Stanley Senior Funding, Inc., as Global Collateral Agent.

 

(d)                   Mortgage of
Machinery between Philips Semiconductors (Thailand) Co. Ltd. and Morgan Stanley
Senior Funding, Inc., as Global Collateral Agent.

 

PART J – U.S. SECURITY
DOCUMENTS

 

(a)                    Security
Agreement among Philips Semiconductors USA Inc., NXP Funding LLC, and Morgan
Stanley Senior Funding, Inc., as Global Collateral Agent.

 

(b)                   Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee in relation to the shares in Philips Semiconductors USA Inc.

 

(c)                    Deed of Trust
between Philips Semiconductors USA Inc. and Morgan Stanley Senior Funding,
Inc., as Global Collateral Agent.

 

(d)                   Leasehold
Mortgage between Philips Semiconductors USA Inc. and Morgan Stanley Senior
Funding, Inc., as Global Collateral Agent.

 

(e)                    IP Security
Agreement between NXP B.V. and Morgan Stanley Senior Funding, Inc., as Global
Collateral Agent, relating to intellectual property in the United States and
any short form version thereof to be filed with any relevant governmental
authorities.

 

(f)                      Pledge of
Shares between NXP B.V., as pledgor, and Morgan Stanley Senior Funding, Inc.,
as pledgee in relation to the shares in non-Guarantor subsidiaries.

 

4

 

Schedule 10

 

FORM OF SECURED HEDGING SUPPLEMENT

 

SECURED HEDGING
SUPPLEMENT dated as of                            ,
            ,
between [NAME OF SECURED HEDGE COUNTERPARTY] (the “Secured Hedge Counterparty”), MORGAN STANLEY SENIOR FUNDING,
INC., as Global Collateral Agent (the “Global
Collateral Agent”), MIZUHO CORPORATE BANK, LTD., as Taiwan
Collateral Agent (the “Taiwan Collateral
Agent”) and NXP B.V. (the “Company”).

 

WHEREAS, KASLION
Acquisition B.V., the Company, the Subsidiaries of the Company from time to
time party thereto, the Secured Parties from time to time party thereto, the
Global Collateral Agent and the Taiwan Collateral Agent are parties to a
Collateral Agency Agreement dated as of September 29, 2006 (as amended and/or
supplemented, the “Collateral Agency
Agreement”);

 

WHEREAS, Section
10.03 of the Collateral Agency Agreement provides that Persons may become party
to the Collateral Agency Agreement as Secured Hedge Counterparties by execution
and delivery of a supplement in the form of this Secured Hedging Supplement;
and

 

WHEREAS, terms
defined in the Collateral Agency Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.                          Party to Collateral Agency Agreement. In
accordance with Section 10.03 of the Collateral Agency Agreement, on and from
the date of this Secured Hedging Supplement (the “Effective Date”), the Secured Hedge Counterparty will become a
party to the Collateral Agency Agreement and will have all the rights,
obligations and liabilities of a Secured Hedge Counterparty thereunder and be
bound by all the provisions thereof as fully as if the Secured Hedge
Counterparty were one of the original parties thereto.

 

2,                          Notices.
The contact information of the Secured Hedge Counterparty for purposes of
notices under the Collateral Agency Agreement is as follows:

 

[Address]

Attention:

 

 

Facsimile:

E-mail:

 

5.                          Governing Law. This Secured Hedging
Supplement shall be construed in accordance with and governed by the laws of
the State of New York.

 

IN WITNESS
WHEREOF, the parties hereto have caused this Note Supplement to be duly executed
by their respective authorized officers as of the day and year first above
written.

 

 

	
   

  	
   

  	
   

  	
  [NAME OF
  ADDITIONAL SECURED

  PARTY]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

	
   

  	
   

  	
   

  	
  MORGAN STANLEY SENIOR
  FUNDING,

  INC., as Global Collateral Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

	
   

  	
   

  	
   

  	
  MIZUHO CORPORATE BANK,
  LTD.

  as Taiwan Collateral Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

	
   

  	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

2

 

Schedule 11

 

FORM OF SECURED HEDGING CERTIFICATION

 

	
  Morgan Stanley
  Senior Funding, Inc.

  20 Cabot Square

  Canary Wharf

  London E14 4QW

  England

  Attention:
  [              ]

  	
  Mizuho Corporate Bank, Ltd..

  [Address]

  

 

Ladies and Gentlemen:

 

Reference is made
to the Collateral Agency Agreement (the “Collateral
Agency Agreement”) dated as of September 29, 2006, among KASLION
ACQUISITION B.V. (“Holdings”), NXP
B.V. (the “Company”), the
Subsidiaries of the Company from time to time party thereto, the Secured
Parties from time to time party thereto, and MORGAN STANLEY SENIOR FUNDING,
INC. in its capacity as Global Collateral Agent and MIZUHO CORPORATE BANK, LTD.
in its capacity as Taiwan Collateral Agent. Capitalized terms used and not
otherwise defined herein are used as defined in the Collateral Agency
Agreement.

 

This is a Secured
Hedging Certification for the purposes of the Collateral Agency Agreement.

 

I,                               ,
hereby certify that I am the duly elected, qualified and acting [Financial Officer]  of the Company and am authorized to
execute this Secured Hedging Certification on behalf of the Company.

 

Solely in my capacity as
[Financial Officer]  of the Company, I hereby certify that:

 

1.                         The
following documents have been entered into in compliance with the requirements
of the Secured Agreements:

 

(a)                      [                          ]

 

(b)                     [                          ]

 

(c)                      [                          ]

 

2.                         The Lien
Grantors obligations under the documents specified above are designated as
Secured Obligations for purposes of the Collateral Agency Agreement.

 

Very truly yours,

 

3

 

	
  NXP
  B.V.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  

  	
   

  	
   

  	
   

  	
  

  
	
   

  	
  Name:

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  	
   

  
						

 

4

 

NOTE SUPPLEMENT
dated as of October 12, 2006, between DEUTSCHE BANK TRUST COMPANY AMERICAS as
trustee for and on behalf of the holders of notes issued pursuant to the Senior
Secured Indenture referred to below (the “Note
Secured Party”), MORGAN STANLEY SENIOR FUNDING, INC., as Global Collateral
Agent (the “Global Collateral Agent”),
MIZUHO CORPORATE BANK, LTD., as Taiwan Collateral Agent (the “Taiwan Collateral Agent”) and NXP B.V.
(the “Company”).

 

WHEREAS, KASLION
Acquisition B.V., the Company, the Subsidiaries of the Company from time to
time party thereto, the Secured Parties from time to time party thereto, the
Global Collateral Agent and the Taiwan Collateral Agent are parties to a
Collateral Agency Agreement dated as of September 29, 2006 (as amended and/or
supplemented, the “Collateral Agency
Agreement”);

 

WHEREAS, Section
10.01 of the Collateral Agency Agreement provides that Persons may become party
to the Collateral Agency Agreement as Note Secured Parties by execution and
delivery of a supplement in the form of this Note Supplement;

 

WHEREAS, terms
defined in the Collateral Agency Agreement and not otherwise defined herein
have, as used herein, the respective meanings provided for therein; and

 

WHEREAS, the Note
Secured Party is the trustee for the holders of notes from time to time under
the Senior Secured Indenture dated as of October 12, 2006 among NXP B.V. and
NXP Funding LLC, as Issuers, the guarantors party thereto, Deutsche Bank Trust
Company Americas, as trustee, registrar, U.S. dollar paying agent, calculation
agent and transfer agent, Deutsche Bank AG, London Branch, as Euro paying
agent, Deutsche Bank Luxembourg S.A., as Irish listing agent, Deutsche
International Corporate Services (Ireland) Limited as Irish paying agent and
Mizuho Corporate Bank, Ltd., as Taiwan Collateral Agent;

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.                          Party to Collateral Agency Agreement. In
accordance with Section 10.01 of the Collateral Agency Agreement, on and from
the date of this Note Supplement (the “Effective
Date”), the Note Secured Party will become a party to the Collateral
Agency Agreement and will have all the rights, obligations and liabilities of a
Note Secured Party thereunder and be bound by all the provisions thereof as
fully as if the Note Secured Party were one of the original parties thereto.

 

 

2.                          Notices. The contact information of the
Note Secured Party for purposes of notices under the Collateral Agency
Agreement is as follows:

 

Deutsche
Bank Trust Company Americas 

60 Wall Street - 27th floor 

New York, New York 10005 

Attn: Trust and Securities Services 

Tel: 908 608 3153

Fax: 732 578 4635

 

with copy to:

 

Deutsche Bank National
Trust Company 

for Deutche Bank Trust Company Americas 

25 DeForest Avenue - 2nd floor 

Summit, New Jersey 07901 

Attn: Trust and Securities Services 

Tel: 908 608 3153 

Fax: 732 578 4635

 

3.                          Governing Law. This Note Supplement shall
be construed in accordance with and governed by the laws of the State of New
York.

 

IN WITNESS
WHEREOF, the parties hereto have caused this Note Supplement to be duly
executed by their respective authorized officers as of the day and year first
above written.

 

 

	
   

  	
   

  	
  DEUTSCHE BANK
  TRUST COMPANY 

  AMERICAS

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  /s/ Wanda Camacho

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Wanda Camacho

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  /s/ Richard Buckwalter

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Richard
  Buckwalter

  
	
   

  	
   

  	
   

  	
  Title: Vice President

  

 

 

	
   

  	
   

  	
  MORGAN STANLEY SENIOR
  FUNDING,

  INC., as Global Collateral Agent

  
	
   

  	
   

  	
   

  
	
  

  	
   

  	
  By: 

  	
  

  /s/ Mathias Blumschein

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
  Title: 

  

 

 

Signature
Page to the Supplement to the Collateral Agency Agreement

 

 

	
   

  	
   

  	
   

  	
  MIZUHO CORPORATE BANK,
  LTD.,

  as Taiwan Collateral
  Agent

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

	
   

  	
   

  	
   

  	
  NXP
  B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By: 

  	
  

  /s/ Illegible

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

NOTE SUPPLEMENTExhibit 4.4

 

EXECUTION VERSION

 

 

REGISTRATION RIGHTS AGREEMENT

 

 

Dated October 12, 2006

 

 

among

 

 

NXP B.V., 

MORGAN STANLEY & CO. INCORPORATED

DEUTSCHE BANK SECURITIES INC.

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

THE SUBSIDIARIES PARTY HERETO

 

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is made and entered
into as of October 12, 2006, among NXP B.V., a corporation incorporated under
the laws of The Netherlands with its corporate seat at Eindhoven, NXP FUNDING
LLC (together with NXP B.V., the “Company”), the Subsidiaries of the Company
party hereto (the “Guarantors”) and Morgan Stanley & Co. Incorporated,
Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith
Incorporated (the “Placement Agents”) as representatives of the Initial
Purchasers.

 

This Agreement is made pursuant to the Purchase Agreement dated as of
October 5, 2006, between the Company and the Placements Agents (the “Purchase
Agreement”), which provides for the issuance by the Company to the Placement
Agents of U.S. $1,026,000,000 7 7/8% Senior Secured Notes due 2014, U.S.
$1,535,000,000 Floating Rate Senior Secured Notes due 2013, €1,000,000,000
Floating Rate Senior Secured Notes due 2013, U.S. $1,250,000,000 9 1/2% Senior Unsecured
Notes due 2015 and €525,000,000 8 5/8% Senior Unsecured Notes due 2015 (the “Securities”).
In order to induce the Placement Agents to enter into the Purchase Agreement,
the Company has agreed to provide to the Placement Agents and their direct and indirect
transferees the registration rights set forth in this Agreement. Certain future
subsidiaries of NXP B.V. (the “Subsidiaries”) that become guarantors of the
Exchange Notes shall become party to this Agreement by execution of a joinder
agreement in the Form of Annex A hereto. References to the Subsidiaries herein
shall be construed as referring to such subsidiaries from and after their
execution of the Joinder Agreement. The execution of this Agreement is a
condition to the closing under the Purchase Agreement.

 

In consideration of the foregoing, the parties hereto agree as follows:

 

1.                          Definitions.

 

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

 

“1933 Act” shall mean the Securities Act of 1933, as amended from
time to time.

 

“1934 Act” shall mean the Securities Exchange Act of 1934, as
amended from time to time.

 

“Company” shall have the meaning set forth in the preamble and
shall also include the Company’s successors.

 

 

2

 

 

“Exchange Date” is
as defined in Section 2(a).

 

“Exchange Offer”
shall mean the exchange offer by the Company of Exchange Securities for
Registrable Securities pursuant to Section 2(a) hereof.

 

“Exchange Offer
Registration” shall mean a registration under the 1933 Act effected
pursuant to Section 2(a) hereof.

 

“Exchange Offer
Registration Statement” shall mean an exchange offer registration statement
on Form F-4 (or, if applicable, on another appropriate form) and all amendments
and supplements to such registration statement, in each case including the
Prospectus contained therein, all exhibits thereto and all material
incorporated by reference therein.

 

“Exchange Securities”
shall mean securities issued by the Company under the Indenture (and guaranteed
by the Guarantors) containing terms identical in all material respects to the
Securities (except that (i) interest thereon shall accrue from the last date on
which interest was paid on the Securities or, if no such interest has been
paid, from October 12, 2006 and (ii) the Exchange Securities will not contain
restrictions on transfer) and to be offered to Holders of Securities in
exchange for Securities pursuant to the Exchange Offer.

 

“Holder” shall
mean the Placement Agents, for so long as they own any Registrable Securities, and
each of their successors, assigns and direct and indirect transferees who
become registered owners of Registrable Securities under the Indenture; provided
that for purposes of Sections 4 and 5 of this Agreement, the term “Holder”
shall include Participating Broker-Dealers (as defined in Section 4(a)).

 

“Indenture” shall
mean the Indentures relating to the Securities dated as of October 12, 2006
between the Company, the Guarantors and Deutsche Bank Trust Company Americas,
as trustee, and as the same may be amended from time to time in accordance with
the terms thereof.

 

“Majority Holders”
shall mean the Holders of a majority of the aggregate principal amount of
outstanding Registrable Securities; provided that whenever the consent
or approval of Holders of a specified percentage of Registrable Securities is
required hereunder, Registrable Securities held by the Company or any
affiliates (as such term is defined in Rule 405 under the 1933 Act) that it
controls (other than the Placement Agents or subsequent Holders of Registrable
Securities if such subsequent holders are deemed to be such affiliates solely
by reason of their holding of such Registrable Securities) shall not be counted
in determining whether such consent or approval was given by the

 

3

 

Holders of such required
percentage or amount.

 

“Person” shall
mean an individual, partnership, limited liability company, corporation, trust
or unincorporated organization, or a government or agency or political
subdivision thereof.

 

“Placement Agents”
shall have the meaning set forth in the preamble.

 

“Purchase Agreement”
shall have the meaning set forth in the preamble.

 

“Prospectus” shall
mean the prospectus included in a Registration Statement, including any
preliminary prospectus, and any such prospectus as amended or supplemented by
any prospectus supplement, including a prospectus supplement with respect to
the terms of the offering of any portion of the Registrable Securities covered
by a Shelf Registration Statement, and by all other amendments and supplements
to such prospectus, and in each case including all material incorporated by
reference therein.

 

“Registrable
Securities” shall mean the Securities; provided, however,
that the Securities shall cease to be Registrable Securities (i) when a
Registration Statement with respect to such Securities shall have been declared
effective under the 1933 Act and such Securities shall have been disposed of or
exchanged pursuant to such Registration Statement, (ii) when such Securities
have been sold or may be resold to the public pursuant to Rule 144(k) (or any
similar provision then in force, but not Rule 144A) under the 1933 Act or (iii)
when such Securities shall have ceased to be outstanding.

 

“Registration Expenses”
shall mean any and all reasonable out-of-pocket expenses incident to
performance of or compliance by the Company and the Guarantors with this
Agreement, including without limitation: (i) all SEC, stock exchange or
National Association of Securities Dealers, Inc. registration and filing fees,
(ii) all fees and expenses incurred in connection with compliance with state
securities or blue sky laws (including reasonable fees and disbursements of
counsel for any underwriters in connection with blue sky qualification of any
of the Exchange Securities or Registrable Securities), (iii) all expenses of
any Persons in preparing or assisting in preparing, word processing, printing
and distributing any Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, securities sales agreements
and other documents relating to the performance of and compliance with this
Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating
to the qualification of the Indenture under applicable securities laws, (vi)
the fees and disbursements of the Trustee and its counsel, (vii) the fees and
disbursements of counsel for the Company and the Guarantors and, in the case of
a Shelf Registration Statement, the fees and disbursements of one counsel for
the Holders (which counsel shall be

 

4

 

selected by the Majority
Holders and which counsel may also be counsel for the Placement Agents) and
(viii) the fees and disbursements of the independent public accountants of the
Company and the Guarantors, including the expenses of any special audits or “cold
comfort” letters required by or incident to such performance and compliance,
but excluding fees and expenses of counsel to the underwriters (other than fees
and expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions and transfer taxes, if any, relating to the sale or
disposition of Registrable Securities by a Holder.

 

“Registration
Statement” shall mean any registration statement of the Company that covers
any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such
Registration Statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

 

“SEC” shall mean
the Securities and Exchange Commission.

 

“Shelf Registration”
shall mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf Registration
Statement” shall mean a “shelf” registration statement of the Company
pursuant to the provisions of Section 2(b) of this Agreement which covers all
of the Registrable Securities (but no other securities unless approved by the
Holders whose Registrable Securities are covered by such Shelf Registration
Statement) on an appropriate form under Rule 415 under the 1933 Act, or any
similar rule that may be adopted by the SEC, and all amendments and supplements
to such registration statement, including post-effective amendments, in each
case including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

 

“Trustee” shall
mean the trustee with respect to the Securities under the Indenture.

 

“Underwriter”
shall have the meaning set forth in Section 3 hereof.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a registration
in which Registrable Securities are sold to an Underwriter for reoffering to
the public.

 

2.                          Registration
Under the 1933 Act.

 

(a)  After the first date on which the Securities
are issued, the Company and the Guarantors shall use their commercially
reasonable efforts to cause to be filed an Exchange Offer Registration
Statement covering the offer by the Company to the Holders to exchange all of
the Registrable Securities for Exchange Securities and to have such
Registration Statement

 

5

 

remain effective until
the closing of the Exchange Offer. The Company shall commence the Exchange
Offer promptly after the Exchange Offer Registration Statement has been declared
effective by the SEC and use its commercially reasonable efforts to have the
Exchange Offer consummated not later than 450 days after the original issue
date of the Registrable Securities. The Company shall commence the Exchange
Offer by mailing the related exchange offer Prospectus and accompanying
documents to each Holder stating, in addition to such other disclosures as are
required by applicable law:

 

(i)        that the Exchange Offer is being made
pursuant to this Registration Rights Agreement and that all Registrable
Securities validly tendered will be accepted for exchange;

 

(ii)       the dates of acceptance for exchange
(which shall be a period of at least 20 New York business days from the date
such notice is mailed) (the “Exchange Dates”);

 

(iii)      that any Registrable Security not tendered
will remain outstanding and continue to accrue interest, but will not retain
any rights under this Registration Rights Agreement;

 

(iv)      that Holders electing to have a
Registrable Security exchanged pursuant to the Exchange Offer will be required
to surrender such Registrable Security, together with the enclosed letters of
transmittal, to the appropriate institution and at the appropriate address
(located in the Borough of Manhattan, The City of New York or at a European office)
specified in the notice prior to the close of business on the last Exchange
Date; and

 

(v)       that Holders will be entitled to withdraw
their election, not later than the close of business on the last Exchange Date,
by sending to the institution and at the address (located in the Borough of
Manhattan, The City of New York or at a European office) specified in the
notice a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered
for exchange and a statement that such Holder is withdrawing his or her
election to have such Securities exchanged.

 

As soon as practicable
after the last Exchange Date, the Company shall:

 

(i)        accept for exchange Registrable
Securities or portions thereof tendered and not validly withdrawn pursuant to
the Exchange Offer; and

 

(ii)       deliver, or cause to be delivered, to the
Trustee for cancellation all Registrable Securities or portions thereof so
accepted for exchange by the Company and issue, and cause the Trustee to
promptly authenticate and mail to each Holder, an Exchange Security equal in
principal amount to the principal amount of the Registrable Securities

 

6

 

surrendered by such
Holder; provided that in the case of any Notes held in global form by a
depositary, authentication and delivery to such depositary of one or more
replacement Securities in global form in an equivalent principal amount thereto
for the account of such Holders shall satisfy such requirement.

 

The Company and the Guarantors
shall use its commercially reasonable efforts to complete the Exchange Offer as
provided above and shall comply with the applicable requirements of the 1933
Act, the 1934 Act and other applicable laws and regulations in connection with
the Exchange Offer. The Exchange Offer shall not be subject to any conditions,
other than (i) that the Exchange Offer does not violate applicable law or any
applicable interpretation of the Staff of the SEC; (ii) no action or proceeding
shall have been instituted or threatened in any court or by any governmental
agency which might materially impair the ability of the Company to proceed with
the Exchange Offer, and no material adverse development shall have occurred in
any existing action or proceeding with respect to the Company; and (iii) all
governmental approvals shall have been obtained, which approvals the Company
deems necessary for the consummation of the Exchange Offer. The Company shall
inform the Placement Agents of the names and addresses of the Holders to whom
the Exchange Offer is made (if known by the Company), and the Placement Agents
shall have the right, in consultation with the Company and subject to
applicable law, to contact such Holders and otherwise facilitate the tender of
Registrable Securities in the Exchange Offer.

 

(b)       In the event that (i) the Company
determines that the Exchange Offer Registration provided for in Section 2(a)
above is not available or may not be consummated as soon as practicable after
the last Exchange Date because it would violate applicable law or the
applicable interpretations of the Staff of the SEC, (ii) the Exchange Offer is
not for any other reason consummated within 450 days of the original issue date
of the Registrable Securities or (iii) in the case of any Holder that
participates in the Exchange Offer, such Holder does not receive Exchange
Securities on the date of the exchange that may be sold without restriction
under state and federal securities laws (other than due solely to the status of
such Holder as an affiliate of the Company within the meaning of the Securities
Act) and so notifies the Company within 30 days after such Holder first becomes
aware of such restrictions, the Company and the Guarantors shall use their
commercially reasonable efforts to cause to be filed as soon as practicable
after such determination, date or notice of such opinion of counsel is given to
the Company, as the case may be, a Shelf Registration Statement providing for
the sale by the Holders of all of the Registrable Securities and to have such
Shelf Registration Statement declared effective by the SEC. In the event the
Company is required to file a Shelf Registration Statement solely as a result
of the matters referred to in clause (iii) of the preceding sentence, the
Company and the Guarantors shall use their commercially reasonable efforts to
file and have declared effective by the SEC both an Exchange Offer Registration
Statement pursuant to Section 2(a) with respect to all Registrable Securities
and a Shelf Registration Statement (which may be a combined Registration
Statement with the Exchange Offer Registration Statement)

 

7

 

with respect to offers
and sales of Registrable Securities held by the Initial Purchasers after
completion of the Exchange Offer. The Company and the Guarantors agree to use
its commercially reasonable efforts to keep the Shelf Registration Statement
continuously effective until the earliest of two years after the date of
original issuance of the Securities, the expiration of the period referred to
in Rule 144(k) with respect to the Registrable Securities or such shorter
period that will terminate when all of the Registrable Securities covered by
the Shelf Registration Statement have been sold pursuant to the Shelf
Registration Statement, subject to Section 2(f) hereof. The Company and the
Guarantors further agree within this period to supplement or amend the Shelf
Registration Statement if required by the rules, regulations or instructions
applicable to the registration form used by the Company for such Shelf Registration
Statement or by the 1933 Act or by any other rules and regulations thereunder
for shelf registration or if reasonably requested by the Majority Holders (or
their counsel) with respect to information relating to one or more of such
Holders, and to use its commercially reasonable efforts to cause any such
amendment to become effective and such Shelf Registration Statement to become
usable as soon as thereafter practicable. The Company agrees to furnish to the
Holders of Registrable Securities copies of any such supplement or amendment
promptly after its being used or filed with the SEC.

 

(c)       An Exchange Offer Registration Statement
pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to
Section 2(b) hereof will not be deemed to have become effective unless it has
been declared effective by the SEC; provided, however, that, if,
after it has been declared effective, the offering of Registrable Securities
pursuant to a Shelf Registration Statement is interfered with by any stop order,
injunction or other order or requirement of the SEC or any other governmental
agency or court, such Registration Statement will be deemed not to have become
effective during the period of such interference until the offering of
Registrable Securities pursuant to such Registration Statement may legally
resume. If (i) the Company has not exchanged the Registrable Securities in
accordance with the terms of the Exchange Offer on or prior to the 450th day
after the original issue date of the Registrable Securities or (ii) if
applicable, a Shelf Registration Statement covering resales of the Registrable
Securities has been declared effective and such Shelf Registration Statement
ceases to be effective (except for reasons specific to a particular Holder) at
any time during the period of the Shelf Registration except as provided in
Section 2(f), then additional interest (“Additional Interest”) shall accrue on
the principal amount of the Registrable Securities which remain restricted or
that have not been disposed of or exchanged pursuant to a Registration
Statement at a rate of 0.25% per annum (which rate will be increased by an
additional 0.25% per annum for each subsequent 90-day period that such
Additional Interest continues to accrue, provided
that the rate at which such additional interest accrues may in no
event exceed 0.50% per annum) commencing on (x) the 451st day after the
original issue date of the Registrable Securities, in the case of (i) above, or
(y) the day such shelf registration statement ceases to be effective, in the
case of (ii) above; provided however, that
upon the exchange of Registrable Securities tendered (in the case of clause (i)
above), or upon the effectiveness of a Shelf Registration Statement that

 

8

 

had ceased to remain
effective (in the case of clause (ii) above), Additional Interest on the
Registrable Securities as a result of such clause, as the case may be, shall
cease to accrue.

 

(d)       The Company shall pay all Registration
Expenses in connection with the registration pursuant to Section 2(a) and
Section 2(b), Each Holder shall pay all underwriting discounts and commissions
and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Registrable Securities pursuant to the Shelf Registration Statement.

 

(e)       Each Holder that participates in the
Exchange Offer, as a condition to participation in the Exchange Offer, will be
required to represent to the Company in writing (which may be contained in the
applicable letter of transmittal) that: (i) any Exchange Securities acquired in
exchange for Registrable Securities tendered are being acquired in the ordinary
course of business of the Person receiving such Exchange Securities, whether or
not such recipient is such Holder itself; (ii) at the time of the commencement
or consummation of the Exchange Offer neither such Holder nor, to the actual
knowledge of such Holder, any other Person receiving Exchange Securities from
such Holder has an arrangement or understanding with any Person to participate
in the distribution (within the meaning of the Securities Act) of the Exchange
Securities in violation of the provisions of the Securities Act; (iii) neither
the Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is an “affiliate” (as defined in
Rule 405) of the Company or, if it is an affiliate of the Company, it will
comply with the registration and prospectus delivery requirements of the
Securities Act to the extent applicable and will provide information to be
included in the Shelf Registration Statement in accordance with Section 6
hereof in order to have their Securities included in the Shelf Registration
Statement and benefit from the provisions regarding Additional Interest in
Section 5 hereof; (iv) if such Holder is not a broker-dealer, neither such
Holder nor, to the actual knowledge of such Holder, any other Person receiving
Exchange Securities from such Holder is engaging in or intends to engage in a
distribution of the Exchange Securities; and (v) if such Holder is a
Participating Broker-Dealer, such Holder has acquired the Registrable
Securities for its own account in exchange for Securities that were acquired as
a result of market-making activities or other trading activities and that it
will comply with the applicable provisions of the Securities Act (including,
but not limited to, the prospectus delivery requirements thereunder).

 

(f)        Notwithstanding anything to the contrary
in this Agreement, at any time, the Company may delay the filing of any Shelf
Registration Statement or delay or suspend the effectiveness thereof, for a
reasonable period of time, but not in excess of 60 consecutive days or more
than three (3) times during any calendar year (each, a “Shelf Suspension
Period”), if the Board of Directors of the Company determines reasonably
and in good faith that the filing of any such Initial Shelf Registration
Statement or the continuing effectiveness thereof would require the disclosure
of non-public material information that, in the reasonable judgment of the
Board of Directors of the Company, would be detrimental to the Company if so
disclosed or would

 

9

 

otherwise materially
adversely affect a financing, acquisition, disposition, merger or other
material transaction or such action is required by applicable law.

 

3.         Registration Procedures.

 

In connection with
the obligations of the Company with respect to the Registration Statements
pursuant to Section 2(a) and Section 2(b) hereof, the Company shall as
expeditiously as possible:

 

(a)       prepare and file with the SEC a
Registration Statement on the appropriate form under the 1933 Act, which form
(x) shall be selected by the Company and (y) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the selling
Holders thereof and (z) shall comply as to form in all material respects with
the requirements of the applicable form and include all financial statements
required by the SEC to be filed therewith (taking into account any relief
granted to the Company by the SEC in advance of such filing with respect to
such form and financial statement requirements), and use its commercially
reasonable efforts to cause such Registration Statement to become effective and
remain effective in accordance with Section 2 hereof;

 

(b)       prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may
be necessary to keep such Registration Statement effective for the applicable
period and cause each Prospectus to be supplemented by any required prospectus
supplement and, as so supplemented, to be filed pursuant to Rule 424 under the
1933 Act, to keep each Prospectus current during the period described under
Section 4(3) and Rule 174 under the 1933 Act that is applicable to transactions
by brokers or dealers with respect to the Registrable Securities or Exchange
Securities;

 

(c)       in the case of a Shelf Registration,
furnish to each Holder of Registrable Securities, to counsel for the Placement
Agents, to counsel for the Holders and to each Underwriter of an Underwritten
Offering of Registrable Securities, if any, without charge, as many copies of
each Prospectus, including each preliminary Prospectus, and any amendment or
supplement thereto and such other documents as such Holder or Underwriter may
reasonably request, in order to facilitate the public sale or other disposition
of the Registrable Securities; and the Company consents to the use of such
Prospectus and any amendment or supplement thereto in accordance with
applicable law by each of the selling Holders of Registrable Securities and any
such Underwriters in connection with the offering and sale of the Registrable
Securities covered by and in the manner described in such Prospectus or any
amendment or supplement thereto in accordance with applicable law;

 

(d)       use its commercially reasonable efforts
to register or qualify the Registrable

 

10

 

Securities under all
applicable state securities or “blue sky” laws of such jurisdictions as any
Holder of Registrable Securities covered by a Registration Statement shall
reasonably request in writing by the time the applicable Registration Statement
is declared effective by the SEC, to cooperate with such Holders in connection
with any filings required to be made with the National Association of
Securities Dealers, Inc. and do any and all other acts and things which may be
reasonably necessary or advisable to enable such Holder to consummate the
disposition in each such jurisdiction of such Registrable Securities owned by
such Holder; provided, however, that the Company shall not be
required to (i) qualify as a foreign corporation or as a dealer in securities
in any jurisdiction where it would not otherwise be required to qualify but for
this Section 3(d), (ii) file any general consent to service of process or (iii)
subject itself to taxation in any such jurisdiction if it is not so subject or
be subject to other unreasonable expense;

 

(e)       in the case of a Shelf Registration,
notify each Holder of Registrable Securities, counsel for the Holders and
counsel for the Placement Agents promptly and, if requested by any such Holder
or counsel, confirm such advice in writing (i) when a Registration Statement
has become effective and when any post-effective amendment thereto has been
filed and becomes effective, (ii) of the issuance by the SEC or any state
securities authority of any stop order suspending the effectiveness of a
Registration Statement or the initiation of any proceedings for that purpose,
(iii) if, between the effective date of a Registration Statement and the
closing of any sale of Registrable Securities covered thereby, the
representations and warranties of the Company contained in any underwriting
agreement, securities sales agreement or other similar agreement, if any,
relating to the offering cease to be true and correct in all material respects
or if the Company receives any notification with respect to the suspension of
the qualification of the Registrable Securities for sale in any jurisdiction or
the initiation of any proceeding for such purpose, (iv) of the happening of any
event during the period a Shelf Registration Statement is effective which makes
any statement made in such Registration Statement or the related Prospectus
untrue in any material respect or which requires the making of any changes in
such Registration Statement or Prospectus in order to make the statements
therein not misleading and (v) of any determination by the Company that a
post-effective amendment to a Registration Statement would be appropriate;

 

(f)        make every commercially reasonable
effort to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement at the earliest possible moment and provide immediate
notice to each Holder of the withdrawal of any such order;

 

(g)       in the case of a Shelf Registration,
furnish to each Holder of Registrable Securities, without charge, at least one
conformed copy of each Registration Statement and any post-effective amendment
thereto (without documents incorporated therein by reference or exhibits
thereto, unless requested) (it being understood and agreed that the

 

11

 

posting of such documents
on the SEC’s website shall constitute compliance with this Section 3(g));

 

(h)       in the case of a Shelf Registration,
cooperate with the selling Holders of Registrable Securities to facilitate the
timely preparation and delivery of certificates representing Registrable
Securities to be sold and not bearing any restrictive legends and enable such
Registrable Securities to be in such denominations (consistent with the
provisions of the Indenture) and registered in such names as the selling
Holders may reasonably request at least two business days prior to the closing
of any sale of Registrable Securities;

 

(i)        in the case of a Shelf Registration,
upon the occurrence of any event contemplated by Section 3(e)(v) hereof, use
its commercially reasonable efforts to prepare and file with the SEC a
supplement or post-effective amendment to a Registration Statement or the
related Prospectus or any document incorporated therein by reference or file
any other required document so that, as thereafter delivered to the purchasers
of the Registrable Securities, such Prospectus will not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements therein, in light of the circumstances under which they were
made, not misleading. The Company agrees to notify the Holders to suspend use
of the Prospectus as promptly as practicable after the occurrence of such an
event, and the Holders hereby agree to suspend use of the Prospectus until the
Company has amended or supplemented the Prospectus to correct such misstatement
or omission. Notwithstanding the foregoing, the Company shall not be required
to amend or supplement a Registration Statement, any related Prospectus or any
document incorporated therein by reference, for a reasonable period of time,
but not in excess of 60 consecutive days or more than three times during any
calendar year, if the Board of Directors of the Company determines reasonably
and in good faith that the filing of any such Registration Statement or the
continuing effectiveness thereof would require the disclosure of non-public
material information that, in the reasonable judgment of the Board of Directors
of the Company, would be detrimental to the Company if so disclosed or would
otherwise materially adversely affect a financing; acquisition, disposition,
merger or other material transaction or such other action as is required by
applicable law.

 

(j)        a reasonable time prior to the filing of
any Registration Statement, any Prospectus, any amendment to a Registration
Statement or amendment or supplement to a Prospectus or any document which is
to be incorporated by reference into a Registration Statement or a Prospectus
after initial filing of a Registration Statement, provide copies of such
document to the Placement Agents and their counsel (and, in the case of a Shelf
Registration Statement, the Holders and their counsel) and make such of the
representatives of the Company as shall be reasonably requested by the
Placement

 

12

 

Agents or their counsel
(and, in the case of a Shelf Registration Statement, the Holders or their
counsel) available for discussion of such document, and shall not at any time
file or make any amendment to the Registration Statement, any Prospectus or any
amendment of or supplement to a Registration Statement or a Prospectus or any
document which is to be incorporated by reference into a Registration Statement
or a Prospectus, of which the Placement Agents and their counsel (and, in the
case of a Shelf Registration Statement, the Holders and their counsel) shall
not have previously been advised and furnished a copy or to which the Placement
Agents or their counsel (and, in the case of a Shelf Registration Statement,
the Holders or their counsel) shall object, except for any amendment or
supplement or document (a copy of which has been previously furnished to the
Placement Agents and its counsel (and, in the case of a Shelf Registration Statement,
the Holders and their counsel)) which counsel to the Company shall advise the
Company in writing is required in order to comply with applicable law;

 

(k)       obtain a CUSIP, ISIN or Common Code
number for all Exchange Securities or Registrable Securities, as the case may
be, not later than the effective date of a Registration Statement;

 

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

 

(m)      in the case of a Shelf Registration, make
available for inspection by a representative of the Majority Holders (which
representative shall be reasonably acceptable to the Company), any Underwriter
participating in any disposition pursuant to such Shelf Registration Statement,
and attorneys and accountants designated by the Majority Holders, at reasonable
times and in a reasonable manner, all financial and other records, pertinent
documents and properties of the Company, and cause the respective officers, directors
and employees of the Company to supply all relevant information reasonably
requested by any such representative, Underwriter, attorney or accountant in
connection with a Shelf Registration Statement;

 

(n)       in the case of a Shelf Registration, use
its commercially reasonable efforts to cause all Registrable Securities to be
listed on any securities exchange or any automated quotation system on which
similar securities issued by the Company are then listed if requested by the
Majority Holders, to the extent such Registrable Securities satisfy

 

13

 

applicable listing
requirements;

 

(o)       in the case of a Shelf Registration, use
its commercially reasonable efforts to cause the Exchange Securities or
Registrable Securities, as the case may be, to be rated by two nationally
recognized statistical rating organizations (as such term is defined in Rule
436(g)(2) under the 1933 Act);

 

(p)       if requested by the Majority Holders (or
their counsel), (i) promptly incorporate in a Prospectus supplement or
post-effective amendment such information with respect to any Holder as
reasonably requested to be included therein and (ii) make all required filings
of such Prospectus supplement or such post-effective amendment as soon as the
Company has received notification of the matters to be incorporated in such
filing; and

 

(q)       in the case of a Shelf Registration,
enter into such customary agreements and take all such other actions in
connection therewith (including those requested by the Holders of a majority of
the Registrable Securities being sold) in order to expedite or facilitate the
disposition of such Registrable Securities including, but not limited to, an
Underwritten Offering and in such connection, (i) to the extent possible, make
such representations and warranties to any Underwriters of such Registrable
Securities with respect to the business of the Company and its subsidiaries,
the Registration Statement, Prospectus and documents incorporated by reference
or deemed incorporated by reference, if any, in each case, in form, substance
and scope as are customarily made by the Company to underwriters in
underwritten offerings and confirm the same if and when requested, (ii) obtain
opinions of counsel to the Company (which counsel and opinions, in form, scope
and substance, shall be reasonably satisfactory to such Underwriters and their
respective counsel) addressed to each Underwriter of Registrable Securities,
covering the matters customarily covered in opinions requested in underwritten
offerings, (iii) obtain “cold comfort” letters from the independent certified
public accountants of the Company (and, if necessary, any other certified
public accountant of any subsidiary of the Company, or of any business acquired
by the Company for which financial statements and financial data are or are
required to be included in the Registration Statement) addressed to the
Underwriters of Registrable Securities, such letters to be in customary form
and covering matters of the type customarily covered in “cold comfort” letters
in connection with underwritten offerings, and (iv) deliver such documents and
certificates as may be reasonably requested by the representative of Holders of
a majority in principal amount of the Registrable Securities being sold (which
representative shall be reasonably acceptable to the Company) or the
Underwriters, and which are customarily delivered in underwritten offerings, to
evidence the continued validity of the representations and warranties of the
Company made pursuant to clause (i) above and to evidence compliance with any
customary conditions contained in an underwriting agreement.

 

14

 

In the case of a
Shelf Registration, the Company may require each Holder of Registrable
Securities to furnish to the Company such information regarding the Holder and
the proposed distribution by such Holder of such Registrable Securities as the
Company may from time to time reasonably request in writing.

 

In the case of a
Shelf Registration, each Holder agrees that, upon receipt of any notice from
the Company of the happening of any event of the kind described in Section
3(e)(v) hereof, such Holder will forthwith discontinue disposition of
Registrable Securities pursuant to a Registration Statement until such Holder’s
receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 3(i) hereof, and, if so directed by the Company, such Holder will
deliver to the Company, or confirm to the Company the destruction of (in each
case at its expense) all copies in its possession, other than permanent file copies
then in such Holder’s possession, of the Prospectus covering such Registrable
Securities current at the time of receipt of such notice. If the Company shall
give any such notice to suspend the disposition of Registrable Securities
pursuant to a Registration Statement, the Company shall extend the period
during which the Registration Statement shall be maintained effective pursuant
to this Agreement by the number of days during the period from and including
the date of the giving of such notice to and including the date when the
Holders shall have received copies of the supplemented or amended Prospectus
necessary to resume such dispositions. The Company may give any such notice
only in accordance with the provisions of Section 3(i).

 

The Holders of
Registrable Securities covered by a Shelf Registration Statement who desire to
do so may sell such Registrable Securities in an Underwritten Offering. In any
such Underwritten Offering, the investment banker or investment bankers and
manager or managers (the “Underwriters”) that will administer the offering will
be selected by the Majority Holders with the consent of the Company (such
consent not to be unreasonably withheld) of the Registrable Securities included
in such offering.

 

The Company shall
not be required to assist in an underwritten offering unless requested by the
Holders of a majority in aggregate principal amount of the Registrable
Securities.

 

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

 

15

 

4.                          Participation
of Broker-Dealers in Exchange Offer.

 

(a)       The Staff of the SEC has taken the
position that any broker-dealer that receives Exchange Securities for its own
account in the Exchange Offer in exchange for Securities that were acquired by
such broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”, which term shall be used herein to refer exclusively to the
Placement Agents), may be deemed to be an “underwriter” within the meaning of
the 1933 Act and must deliver a prospectus meeting the requirements of the 1933
Act in connection with any resale of such Exchange Securities.

 

The Company
understands that it is the Staffs position that if the Prospectus contained in
the Exchange Offer Registration Statement includes a plan of distribution
containing a statement to the above effect and the means by which Participating
Broker-Dealers may resell the Exchange Securities, without naming the
Participating Broker-Dealers or specifying the amount of Exchange Securities
owned by them, such Prospectus may be delivered by Participating Broker-Dealers
to satisfy their prospectus delivery obligation under the 1933 Act in
connection with resales of Exchange Securities for their own accounts, so long
as the Prospectus otherwise meets the requirements of the 1933 Act.

 

(b)       In light of the above, notwithstanding
the other provisions of this Agreement, the Company agrees that the provisions
of this Agreement as they relate to a Shelf Registration shall also apply to an
Exchange Offer Registration to the extent, and with such reasonable
modifications thereto as may be, reasonably requested by the Placement Agents
or by one or more Participating Broker-Dealers, in each case as provided in
clause (ii) below, in order to expedite or facilitate the disposition of any
Exchange Securities by Participating Broker-Dealers consistent with the
positions of the Staff recited in Section 4(a) above; provided that:

 

(i)        the Company shall not be required to
amend or supplement the Prospectus contained in the Exchange Offer Registration
Statement, as would otherwise be contemplated by Section 3(i), for a period exceeding
180 days after the last Exchange Date (as such period may be extended pursuant
to the penultimate paragraph of Section 3 of this Agreement) and Participating
Broker-Dealers shall not be authorized by the Company to deliver and shall not
deliver such Prospectus after such period in connection with the resales
contemplated by this Section 4; and

 

(ii)       the application of the Shelf Registration
procedures set forth in Section 3 of this Agreement to an Exchange Offer
Registration, to the extent not required by the positions of the Staff of the
SEC or the 1933 Act and the rules and regulations thereunder, will be in
conformity with the reasonable request to the Company by the Placement Agents
or with the reasonable request in writing to the Company by one or more
broker-dealers who certify to the Placement Agents and the Company in writing
that they anticipate that they will be Participating Broker-Dealers; and provided
further that, in connection with such application of the Shelf
Registration procedures set forth in Section 3 to an

 

16

 

Exchange Offer
Registration, the Company shall be obligated (x) to deal only with one
entity representing the Participating Broker-Dealers, which shall be Morgan
Stanley & Co. Incorporated unless it elects not to act as such
representative, (y) to pay the fees and expenses of only one counsel
representing the Participating Broker-Dealers, which shall be counsel to the
Placement Agents unless such counsel elects not to so act and (z) to cause
to be delivered only one, if any, “cold comfort” letter with respect to the
Prospectus in the form existing on the last Exchange Date and with respect to
each subsequent amendment or supplement, if any, effected during the period
specified in clause (i) above.

 

17

 

(c)       The Placement Agents shall have no
liability to the Company or any Holder with respect to any request that it may
make pursuant to Section 4(b) above.

 

5.         Indemnification and Contribution.

 

(a)       The Company and the Guarantors, jointly
and severally, agree to indemnify and hold harmless the Placement Agents, each
Holder of Registrable Securities and each Person, if any, who controls any
Placement Agent or any Holder within the meaning of either Section 15 of the
1933 Act or Section 20 of the 1934 Act, or is under common control with, or is
controlled by, any Placement Agent or any Holder, from and against all losses,
claims, damages and liabilities (including, without limitation, any legal or
other expenses reasonably incurred by the Agent, any Holder of any such controlling
or affiliated Person in connection with defending or investigating any such
action or claim), to which they or any of them may become subject under the
1933 Act, the 1934 Act or other U.S. federal or state statutory law or
regulation, at common law or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material fact contained
in any Registration Statement (or any amendment thereto) pursuant to which
Exchange Securities or Registrable Securities were registered under the 1933
Act, including all documents incorporated therein by reference and any free
writing prospectus used in connection therewith, or caused by any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or caused by any
untrue statement or alleged untrue statement of a material fact contained in
any Prospectus (as amended or supplemented if the Company shall have furnished
any amendments or supplements thereto) or any free writing prospectus, or
caused by any omission or alleged omission to state therein a material fact
necessary to make the statements therein in light of the circumstances under
which they were made not misleading, except insofar as such losses, claims,
damages or liabilities are caused by any such untrue statement or omission or
alleged untrue statement or omission based upon information relating to the
Placement Agents or any Holder furnished to the Company in writing through
Morgan Stanley &  Co.
Incorporated or by any selling Holder expressly for use therein. In connection
with any Underwritten Offering permitted by Section 3, the Company and the Guarantors,
jointly and severally, will also indemnify the Underwriters, if any, selling
brokers, dealers and similar securities industry professionals participating in
the distribution, their officers and directors and each Person who controls
such Persons (within the meaning of the 1933 Act and the 1934 Act) to the same
extent as provided above with respect to the indemnification of the Holders, if
requested in connection with any Registration Statement.

 

(b)       Each Holder agrees, severally and not
jointly, to indemnify and hold harmless the Company, the Placement Agents and
the other selling Holders, and each of their respective directors, officers who
sign the Registration Statement and each Person, if any, who controls the
Company, any Placement Agent and any other selling Holder within the meaning of

 

18

 

either Section 15 of the
1933 Act or Section 20 of the 1934 Act to the same extent as the foregoing
indemnity from the Company to the Placement Agents and the Holders, but only
with reference to information relating to such Holder furnished to the Company
in writing by such Holder expressly for use in any Registration Statement (or
any amendment thereto) or any Prospectus (or any amendment or supplement
thereto).

 

(c)       In case any proceeding (including any governmental
investigation) shall be instituted involving any Person in respect of which indemnity
may be sought pursuant to either paragraph (a) or paragraph (b) above, such
Person (the “indemnified party”) shall promptly notify the Person against whom
such indemnity may be sought (the “indemnifying party”) in writing and the
indemnifying party, upon request of the indemnified party, shall retain counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party and any others the indemnifying party may designate in such proceeding
and shall pay the fees and disbursements of such counsel related to such
proceeding. In any such proceeding, any indemnified party shall have the right
to retain its own counsel, but the fees and expenses of such counsel shall be
at the expense of such indemnified party unless (i) the indemnifying party and
the indemnified party shall have mutually agreed to the retention of such
counsel or (ii) the named parties to any such proceeding (including any impleaded
parties) include both the indemnifying party and the indemnified party and
representation of both parties by the same counsel would be inappropriate due
to actual or potential differing interests between them. It is understood that
the indemnifying party shall not, in connection with any proceeding or related
proceedings in the same jurisdiction, be liable for (a) the fees and expenses
of more than one separate firm (in addition to one local counsel) for the
Placement Agents and all Persons, if any, who control any Placement Agent
within the meaning of either Section 15 of the 1933 Act or Section 20 of the
1934 Act, (b) the fees and expenses of more than one separate firm (in addition
to one local counsel) for the Company, its directors, its officers who sign the
Registration Statement and each Person, if any, who controls the Company within
the meaning of either such Section and (c) the fees and expenses of more than
one separate firm (in addition to one local counsel) for all Holders and all
Persons, if any, who control any Holders within the meaning of either such
Section, and that all such fees and expenses shall be reimbursed as they are
incurred. In such case involving the Placement Agents and Persons who control
the Placement Agents, such firm shall be designated in writing by Morgan
Stanley & Co. Incorporated. In such case involving the Holders and such
Persons who control Holders, such firm shall be designated in writing by the
Majority Holders. In all other cases, such firm shall be designated by the
Company. The indemnifying party shall not be liable for any settlement of any
proceeding effected without its written consent but, if settled with such
consent or if there be a final judgment for the plaintiff, the indemnifying
party agrees to indemnify the indemnified party from and against any loss or
liability by reason of such settlement or judgment. No indemnifying party
shall, without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened proceeding in respect of which such
indemnified party is or could have been a party and indemnity could have been
sought hereunder by such indemnified

 

19

 

party, unless such
settlement includes an unconditional release of such indemnified party from all
liability on claims that are the subject matter of such proceeding.

 

(d)       If the indemnification provided for in
paragraph (a) or paragraph (b) of this Section 5 is unavailable to an
indemnified party or insufficient in respect of any losses, claims, damages or
liabilities, then each indemnifying party under such paragraph, in lieu of
indemnifying such indemnified party thereunder, shall contribute to the amount
paid or payable by such indemnified party as a result of such losses, claims,
damages or liabilities in such proportion as is appropriate to reflect the
relative fault of the indemnifying party or parties on the one hand and of the
indemnified party or parties on the other hand in connection with the
statements or omissions that resulted in such losses, claims, damages or
liabilities, as well as any other relevant equitable considerations. The
relative fault of the Company and the Holders shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company or by the Holders and the
parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The Holders’ respective
obligations to contribute pursuant to this Section 5(d) are several in
proportion to the respective principal amount of Registrable Securities of such
Holder that were registered pursuant to a Registration Statement.

 

(e)       The Company and each Holder agree that it
would not be just or equitable if contribution pursuant to this Section 5 were
determined by pro  rata allocation or by any other method of
allocation that does not take account of the equitable considerations referred
to in paragraph (d) above. The amount paid or payable by an indemnified party
as a result of the losses, claims, damages and liabilities referred to in
paragraph (d) above shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any such action
or claim. Notwithstanding the provisions of this Section 5, no Holder shall be
required to indemnify or contribute any amount in excess of the amount by which
the total price at which Registrable Securities were sold by such Holder
exceeds the amount of any damages that such Holder has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No Person guilty of fraudulent misrepresentation (within the
meaning of Section 1l(f) of the 1933 Act) shall be entitled to contribution
from any Person who was not guilty of such fraudulent misrepresentation. The
remedies provided for in this Section 5 are not exclusive and shall not limit
any rights or remedies which may otherwise be available to any indemnified
party at law or in equity.

 

The indemnity and
contribution provisions contained in this Section 5 shall remain operative and
in full force and effect regardless of (i) any termination of this Agreement,
(ii) any investigation made by or on behalf of the Placement Agents, any Holder
or any Person controlling any Placement Agent or any Holder, or by or on behalf
of the Company, its officers

 

20

 

or directors or any
Person controlling the Company and (iii) acceptance of any of the Exchange
Securities and (iv) any sale of Registrable Securities pursuant to a Shelf
Registration Statement.

 

6.         Miscellaneous.

 

(a)       No Inconsistent Agreements. The
Company has not entered into, and on or after the date of this Agreement will
not enter into, any agreement which is inconsistent with the rights granted to
the Holders of Registrable Securities in this Agreement or otherwise conflicts
with the provisions hereof. The rights granted to the Holders hereunder do not
in any way conflict with and are not inconsistent with the rights granted to
the holders of the Company’s other issued and outstanding securities under any
such agreements.

 

(b)       Amendments and Waivers. The
provisions of this Agreement, including the provisions of this sentence, may
not be amended, modified or supplemented, and waivers or consents to departures
from the provisions hereof may not be given unless the Company has obtained the
written consent of Holders of at least a majority in aggregate principal amount
of the outstanding Registrable Securities affected by such amendment,
modification, supplement, waiver or consent; provided, however,
that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any
Holder of Registrable Securities unless consented to in writing by such Holder.

 

(c)       Notices. All notices and other
communications provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current address
given by such Holder to the Company by means of a notice given in accordance
with the provisions of this Section 6(c), which address initially is, with
respect to the Placement Agents, the address set forth in the Purchase
Agreement; and (ii) if to the Company, initially at the Company’s address set
forth in the Purchase Agreement and thereafter at such other address, notice of
which is given in accordance with the provisions of this Section 6(c).

 

All such notices
and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five business days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if
telexed; when receipt is acknowledged, if telecopied; and on the next business
day if timely delivered to an air courier guaranteeing overnight delivery.

 

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

 

21

 

(d)       Successors and Assigns. This
Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each of the parties, including, without limitation
and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase
Agreement. If any transferee of any Holder shall acquire Registrable
Securities, in any manner, whether by operation of law or otherwise, such
Registrable Securities shall be held subject to all of the terms of this
Agreement, and by taking and holding such Registrable Securities such Person
shall be conclusively deemed to have agreed to be bound by and to perform all
of the terms and provisions of this Agreement and such Person shall be entitled
to receive the benefits hereof. The Placement Agents (in their capacity as
Placement Agents) shall have no liability or obligation to the Company with
respect to any failure by a Holder to comply with, or any breach by any Holder
of, any of the obligations of such Holder under this Agreement.

 

(e)       Purchases and Sales of Securities.
The Company shall not, and shall use its best efforts to cause its Subsidiaries
not to, purchase and then resell or otherwise transfer any Securities.

 

(f)        Third Party Beneficiary. The
Holders shall be third party beneficiaries to the agreements made hereunder
between the Company, on the one hand, and the Placement Agents, on the other
hand, and shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights
or the rights of Holders hereunder, provided that nothing herein shall prevent
this Agreement from being amended in accordance with the provisions of Section
6(b) hereof.

 

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

 

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

 

(i)        Governing Law. This Agreement
shall be governed by the laws of the State of New York.

 

(j)        Jurisdiction. The Company and
each Guarantor irrevocably submit to the non-exclusive jurisdiction of any New
York State or United States Federal court sitting in The City of New York over
any suit, action or proceeding arising out of or relating to this Agreement or
the Exchange Offer. The Company and each Guarantor irrevocably waive, to the
fullest extent permitted by law, any objection which it may now or hereafter
have to the laying of venue

 

22

 

of any such suit, action
or proceeding brought in such a court and any claim that any such suit, action
or proceeding brought in such a court has been brought in an inconvenient
forum. To the extent that the Company and the Guarantors have or hereafter may
acquire any immunity (on the grounds of sovereignty or otherwise) from the
jurisdiction of any court or from any legal process with respect to itself or
its property, the Company and each Guarantor irrevocably waive, to the fullest
extent permitted by law, such immunity in respect of any such suit, action or
proceeding.

 

(k)       Severability. In the event that
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.

 

6.         Joinder of Future Subsidiaries.
Until the time at which there is no obligation to file or keep effective any
Registration Statement, any subsidiary of NXP B.V. that is required to be a
guarantor under the Indenture shall become a party to this Agreement by
executing and delivering a joinder agreement in the form attached hereto as
Annex A.

 

23

 

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

 

 

	
   

  	
   

  	
   

  	
  NXP B.V.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By: 

  	
  /s/ [Illegible]

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  J.M.L.M. INGEN HOUSZ

  

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  NXP FUNDING LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  	
  [Illegible]

  
	
   

  	
   

  	
   

  	
  Title: 

  	
  Secretary

  
						

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS B.V.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Y.A.W. Schreurs

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  	
  Y.A.W. Schreurs

  
	
   

  	
   

  	
   

  	
  Title: 

  	
  Attorney

  
						

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  GERMANY GMBH

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
  [Illegible]

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  	
  CEO

  
							

 

 

	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  	
   

  
							

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  GERMANY GMBH

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By: 

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name: 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title: 

  

 

 

	
   

  	
   

  	
   

  	
  By: 

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
  [Illegible]

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  	
  [Illegible]

  
							

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS ELECTRONIC

  BUILDING ELEMENTS 

  INDUSTRIES (TAIWAN) LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ J. J. Wang

  	
   

  
	
   

  	
   

  	
   

  	
  Name: 

  	
  J. J. Wang

  
	
   

  	
   

  	
   

  	
  Title: 

  	
  Director

  
						

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
   

  	
  PHILIPS
  SEMICONDUCTORS 

  PHILIPPINES INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By: 

  	
  /s/ Virginia Melba A.
  Cuyahon

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  VIRGINIA MELBA A.
  CUYAHON

  General Manager - Calamba Plant

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  /s/ Steven Brader

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  STEVEN BRADER

  General Manager - Cabuyao Plant

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS 

  USA, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  	
   

  
							

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
   

  	
  PHILIPS SEMICONDUCTORS

  HONG KONG LIMITED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Anthony Lear

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Name: 

  	
  Anthony Lear

  
	
   

  	
   

  	
   

  	
   

  	
  Title: 

  	
  Director

  
							

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

 

 

	
   

  	
  PHILIPS
  SEMICONDUCTORS
 (THAILAND) CO. LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
  Name: 

  	
   

  
	
   

  	
   

  	
  Title: 

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  [STAMP]

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
   

  	
  Name: 

  	
   

  
	
   

  	
   

  	
  Title: 

  	
   

  
					

 

 

SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT

 

 

 

 

	
   

  	
  PHILIPS SEMICONDUCTORS

  SINGAPORE PTE. LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frederik Rausch

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Frederik Rausch

  
	
   

  	
   

  	
  Title: 

  	
  Chairman & Chief
  Executive Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michel Gerard Luc Besseau

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Michel Gerard Luc
  Besseau

  
	
   

  	
   

  	
  Title: 

  	
  Chief Financial Officer

  
					

 

 

SIGNATURE PAGE TO
REGISTRATION RIGHTS AGREEMENT

 

 

Confirmed
and accepted as of 

the date first above written:

 

 

	
  MORGAN STANLEY & CO. INCORPORATED,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Bryan W.
  Andrzejewski

  	
   

  
	
   

  	
  Name:

  	
  Bryan W. Andrzejewski

  
	
   

  	
  Title:

  	
  Executive Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEUTSCHE BANK SECURITIES INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MERRILL LYNCH, PIERCE, FENNER & SMITH
  INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

As Representatives of the Initial Purchasers

 

 

SIGNATURE PAGE FOR
THE REGISTRATION RIGHTS AGREEMENT

 

 

Confirmed
and accepted as of 

the date first above written:

 

 

	
  MORGAN STANLEY &
  CO. INCORPORATED,

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: 

  	
   

  	
   

  	
   

  
	
   

  	
  Title: 

  	
   

  	
   

  	
   

  
						

 

 

	
  DEUTSCHE BANK
  SECURITIES INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Stephen R. Lapidus

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: 

  	
  Stephen R. Lapidus

  	
   

  	
   

  	
   

  
	
   

  	
  Title: 

  	
  Director

  	
   

  	
   

  	
   

  
							

 

 

	
  MERRILL LYNCH, PIERCE,
  FENNER & SMITH INCORPORATED

  
	
   

  
	
   

  
	
  By

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: 

  	
   

  	
   

  	
   

  
	
   

  	
  Title: 

  	
   

  	
   

  	
   

  

 

As Representatives of the
Initial Purchasers

 

SIGNATURE PAGE FOR
THE REGISTRATION RIGHTS AGREEMENT

 

 

Confirmed
and accepted as of 

the date first above written:

 

 

	
  MORGAN STANLEY & CO. INCORPORATED,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEUTSCHE BANK SECURITIES INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Stephanie L. Perry

  	
   

  
	
   

  	
  Name:

  	
  Stephanie L. Perry

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MERRILL LYNCH, PIERCE, FENNER & SMITH
  INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

As Representatives of the
Initial Purchasers

 

 

 

Confirmed
and accepted as of 

the date first above written:

 

 

	
  MORGAN STANLEY & CO. INCORPORATED,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEUTSCHE BANK SECURITIES INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MERRILL LYNCH, PIERCE, FENNER & SMITH
  INCORPORATED

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ [Illegible]

  	
   

  
	
   

  	
  Name:

  	
  [Illegible]

  
	
   

  	
  Title:

  	
  Director

  
				

 

As Representatives of the
Initial Purchasers

 

SIGNATURE PAGE FOR
THE REGISTRATION RIGHTS AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]