Document:

eLong, Inc. Stock and Annual Incentive Plan

 Exhibit 4.14 
  
 ELONG, INC. 
 STOCK AND ANNUAL INCENTIVE PLAN

  
 SECTION 1.    Purpose;
Definitions 
  
 The purpose of the Plan is to give the Corporation a
competitive advantage in attracting, retaining and motivating officers and employees and to provide the Corporation and its subsidiaries with a stock plan providing incentives more directly linked to the profitability of the Corporation and
increases in shareholder value. This Plan shall not have any effect on options to purchase the ordinary shares of the Corporation outstanding immediately prior to the date hereof. 
  
 For purposes of the Plan, the following terms are defined as set forth below: 
  
 (a)    “Affiliate” means a
corporation or other entity controlling, controlled by or under common control with the Corporation. 
  
 (b)    “Award” means a Stock Appreciation Right, Stock Option or Restricted Stock, Performance Unit.

  
 (c)    “Award
Cycle” shall mean a period of consecutive fiscal years or portion thereof designated by the Committee over which Performance Units are to be earned. 
  

(d)    “Board” means the Board of Directors of the Corporation. 
  
 (e)    “Cause” means, except as
otherwise determined by the Committee pursuant to an Award agreement, the willful and continued failure on the part of a participant substantially to perform his employment duties in any material respect, or such other events as shall be determined
by the Committee; provided, that “Cause” includes, without limitation: (i) the plea of guilty or nolo contendere to, or conviction for, the commission of a felony offense by a participant; (ii) a material breach by a participant of a
fiduciary duty owed to the Corporation or any of its subsidiaries; (iii) a material breach by a participant of any nondisclosure, non-solicitation or non-competition obligation owed to the Corporation or any of its subsidiaries; and (iv) the willful
or gross neglect by a participant of his employment duties. The Committee shall have the sole discretion to determine whether “Cause” exists, and its determination shall be final. 
  
 (f)    “Change in Control” have
the meaning set forth in Section 10(b). 
  
 (g)    “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 
  

(h)    “Commission” means the Securities and Exchange Commission or any successor agency. 
  
 (i)    “Committee” means the
Committee referred to in Section 2. 
  
 (j)    “Corporation” means eLong, Inc., a Cayman Islands corporation. 
  
 (k)    “Disability” means, except as otherwise determined by the Committee in an Award agreement, permanent and
total disability as determined under procedures established by the Committee for purposes of the Plan. 
  
 (l)    “Disaffiliation” means a subsidiary’s or Affiliate’s ceasing to be a subsidiary or Affiliate
for any reason (including, without limitation, as a result of a public offering, or a spinoff or sale by the Corporation, of the stock of the subsidiary or Affiliate) or a sale of a division of the Corporation and its Affiliates. 
  

 (m)    “Early Retirement” means retirement from active
employment with the Corporation, a subsidiary or Affiliate pursuant to the early retirement provisions of the applicable pension plan of such employer. 
  
 (n)    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any
successor thereto. 
  
 (o)    “Fair Market Value” means, as of any given date, in the absence of an established market for the Ordinary Shares, the value as determined in good faith by the Committee. If the Ordinary Shares are
listed on a national market system, its Fair Market Value shall mean the last reported sales price of the Ordinary Shares in the over-the-counter market, as reported by NASDAQ (or, if the Ordinary Shares are listed on a national securities exchange,
as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national security exchange on which the Ordinary Shares are listed or admitted to trading) on the last preceding date or, if
there are no reported sales on that date, on the last day prior to that date on which there are such reported sales. 
  
 (p)    “Incentive Stock Option” means any Stock Option designated as, and qualified as, an “incentive
stock option” within the meaning of Section 422 of the Code. 
  
 (q)    “Investors Agreement” means the Investors Agreement, dated as of July 23, 2004, by and among the Corporation, IACT Asia Pacific Limited and the other shareholders of the Corporation
set forth therein. 
  
 (r)    “Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 
  
 (s)    “Normal Retirement” means retirement from active employment with the Corporation, a subsidiary or
Affiliate at or after age 65. 
  
 (t)    “Option Price” shall have the meaning set forth in Section 5(a). 
  
 (u)    “Ordinary Shares” means ordinary shares, par value $.01 per share, of the Corporation. 
  
 (v)    “Parent” means
InterActiveCorp. 
  
 (w)    “Performance Goals” means the performance goals established by the Committee in connection with the grant of an Award. Such Performance Goals may be based upon the attaining of specified levels of
Corporation performance under one or more of the measures described above relative to the performance of other corporations. 
  
 (x)    “Performance Units” means an award made pursuant to Section 8. 
  
 (y)    “Plan” means the eLong,
Inc., Stock and Annual Incentive Plan, as set forth herein and as hereinafter amended from time to time. 
  
 (z)    “Plan Effective Date” shall have the meaning set forth in Section 14. 
  
 (aa)    “Restricted Stock” means
an award granted under Section 7. 
  
 (bb)    “Retirement” means Normal or Early Retirement. 
  
 (cc)    “Stock Appreciation Right” means a right granted under Section 6. 
  
 (dd)    “Stock Option” means an
option granted under Section 5. 
  
 (ee)    “Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Corporation and the Parent and any of their respective
subsidiaries or Affiliates. A participant employed by, or performing 

  

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services for, a subsidiary or an Affiliate or a subsidiary or an affiliate of the Parent shall also be deemed to incur a Termination of Employment if the subsidiary or
Affiliate or the subsidiary or affiliate of the Parent ceases to be such a subsidiary or an affiliate, as the case may be, and the participant does not immediately thereafter become an employee of, or service-provider for, the Corporation or another
subsidiary or Affiliate or the Parent or another subsidiary or affiliate. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Corporation and its subsidiaries and Affiliates shall not be
considered Terminations of Employment. For avoidance of doubt, a participant who is eligible to participate in the Plan and, without a break-in-service, becomes eligible to participate based upon providing another form of services to the Corporation
or any of its subsidiaries or Affiliates (e.g., an employee becomes a director) shall not be treated as having a Termination of Employment under the Plan, except for any such participant who becomes eligible to participate based upon
providing consulting services to the Corporation. 
  
 (ff)    “Transaction Agreement” means Transaction Agreement by and among Parent, IACT Asia Pacific Limited, the Corporation, eLongnet Information Technology (Beijing) Co., Ltd. and eLongnet Hi-Tech
(Beijing) Co., Ltd. dated as of July 23, 2004. 
  
 In addition, certain
other terms used herein have definitions given to them in the first place in which they are used. 
  
 SECTION 2.    Administration 
  
 The Plan shall be administered by the Compensation/Benefits Committee or such other committee of directors as the Board may from time to time designate (the
“Committee”), which shall be appointed by and serve at the pleasure of the Board. 
  
 The Committee shall have plenary authority to grant Awards pursuant to the terms of the Plan to officers and employees of the Corporation and its subsidiaries and
Affiliates, subject to the terms and conditions of the Investors Agreement. 
  
 Among other things, the Committee shall have the authority, subject to the terms and conditions of the Plan and the Investors Agreement: 
  
 (a)    To select the officers and employees, to whom Awards may from time to time be granted; 
  
 (b)    Determine whether and to what extent
Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock and Performance Units or any combination thereof are to be granted hereunder; 
  
 (c)    Determine the number of shares of Ordinary Shares to be covered by each Award granted
hereunder; 
  
 (d)    Determine the
terms and conditions of any Award granted hereunder (including, but not limited to, the option price (subject to Section 5(a)), any vesting condition, restriction or limitation (which may be related to the performance of the participant, the
Corporation or any subsidiary or Affiliate) and any vesting acceleration or forfeiture or waiver regarding any Award and the shares of Ordinary Shares relating thereto, based on such factors as the Committee shall determine; 
  
 (e)    Modify, amend or adjust the terms and
conditions of any Award, at any time or from time to time, including but not limited to Performance Goals; 
  

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 (f)    Determine to what extent and under what circumstances Ordinary Shares
and other amounts payable with respect to an Award shall be deferred; and 
  
 (g)    Determine under what circumstances an Award may be settled in cash or Ordinary Shares under Sections 5(k) and 8(b)(i). 
  
 The Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the
Plan as it shall from time to time deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreement relating thereto) and to otherwise supervise the administration of the Plan. 
  
 The Committee may act only by a majority of its members then in office, except that the
members thereof may, except to the extent prohibited by applicable law or the applicable rules of NASDAQ or a stock exchange, delegate to any one or more of its members or to an officer of the Corporation all or any part of its responsibilities or
powers (provided that no such delegation may be made that would cause Awards or other transactions under the Plan to cease to be exempt from Section 16(b) of the Exchange Act to the extent applicable). Any action permitted to be taken by the
Committee under the Plan may be taken by the full Board in its discretion, and in such case the Board shall be treated as the Committee hereunder. Any such delegation may be revoked by the Committee at any time. 
  
 Any determination made by the Committee or pursuant to delegated authority pursuant to
the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Committee or such delegate at the time of the grant of the Award or, unless in contravention of any express term of the Plan, at any time thereafter.
All decisions made by the Committee, the Board or any appropriately delegated officer pursuant to the provisions of the Plan shall be final and binding on all persons, including the Corporation and Plan participants. 
  
 SECTION 3.    Ordinary Shares Subject To Plan

  
 (a)    The total number of shares of Ordinary Shares
reserved and available for grant under the Plan shall be 4,000,000. Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares. 
  
 (b)    If any Award is forfeited, or if any Stock Option (and related Stock Appreciation Right, if any)
terminates, expires or lapses without being exercised, or if any Stock Appreciation Right is exercised for cash, shares of Ordinary Shares subject to such Awards shall again be available for distribution in connection with Awards under the Plan. If
the Option Price of any Stock Option granted under the Plan is satisfied by delivering shares of Ordinary Shares to the Corporation (by either actual delivery or by attestation), only the number of shares of Ordinary Shares issued net of the shares
of Ordinary Shares delivered or attested to shall be deemed delivered for purposes of determining the maximum numbers of shares of Ordinary Shares available for delivery pursuant to Awards other than Incentive Stock Options under the Plan. To the
extent any shares of Ordinary Shares subject to an Award are not delivered to a participant because such shares are used to satisfy an applicable tax-withholding obligation, such shares shall not be deemed to have been delivered for purposes of
determining the maximum number of shares of Ordinary Shares available for delivery under the Plan. The maximum number of shares of Ordinary Shares that may be issued, pursuant to Stock Options intended to be Incentive Stock Options shall be
4,000,000 shares. 
  
 (c)    In the event of (i) a stock
dividend, stock split, reverse stock split, share combination, or recapitalization or similar event of or by the Corporation (each, a “Share Change”), or (ii) a 

  

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merger, consolidation, acquisition of property or shares, separation, spinoff, reorganization, stock rights offering, liquidation, Disaffiliation, or similar event of
or by the Corporation (each, a “Corporate Transaction”), the Committee or the Board may in its discretion make such substitutions or adjustments as it deems appropriate and equitable to (A) the aggregate number and kind of shares or other
securities reserved for issuance and delivery under the Plan, (B) the various maximum limitations set forth in Sections 3(a) and 3(b) with respect to certain types of Awards, (C) the number and kind of shares or other securities subject to
outstanding Awards; and (D) the exercise price of outstanding Stock Options and Stock Appreciation Rights. In the case of Corporate Transactions, (x) unless otherwise determined by the Committee, if the Corporate Transaction results in shareholders
of Ordinary Shares receiving cash, securities, property, or any combination thereof in exchange for each share, such consideration being exchanged for each share shall be substituted for each share subject to outstanding Awards, and (y) the
Committee may in its discretion make such alternative or additional substitutions or adjustments as it deems appropriate and equitable, including, without limitation, (1) the cancellation of outstanding Awards in exchange for payments of cash,
property or a combination thereof having an aggregate value equal to the value of such Awards, as determined by the Committee or the Board in its sole discretion (it being understood that in the case of a Corporate Transaction with respect to which
shareholders of Ordinary Shares receive consideration other than equity securities of the ultimate surviving entity, any such determination by the Committee that the value of a Stock Option or Stock Appreciation Right shall for this purpose be
deemed to equal the excess, if any, of the value of the consideration being paid for each share pursuant to such Corporate Transaction over the exercise price of such Stock Option or Stock Appreciation Right shall conclusively be deemed valid); (2)
the substitution of other property (including, without limitation, cash or other securities of the Corporation and securities of entities other than the Corporation) for the shares subject to outstanding Awards; and (3) in connection with any
Disaffiliation, arranging for the assumption of Awards, or replacement of Awards with new awards based on other property or other securities (including, without limitation, other securities of the Corporation and securities of entities other than
the Corporation), by the affected subsidiary, Affiliate, or division or by the entity that controls such subsidiary, Affiliate, or division following such Disaffiliation (as well as any corresponding adjustments to Awards that remain based upon
Corporation securities). In the event of a corporate merger, consolidation, acquisition of property or stock, separation, reorganization or liquidation, the Board shall be authorized to cause the Corporation to issue or assume stock options, whether
or not in a transaction to which Section 424(a) of the Code applies, by means of substitution of new stock options for previously issued stock options or an assumption of previously issued stock options. In such event, the aggregate number of shares
of the Stock available for issuance under Awards under Section 3 will be increased to reflect such substitution or assumption. Any adjustment under this Section 3(c) need not necessarily be the same for all participants. 
  
 SECTION 4.    Eligibility 
  
 Persons who serve or agree to serve as officers, employees, directors or consultants of
the Corporation (including prospective officers, employees or consultants), its subsidiaries and Affiliates who are responsible for or contribute to the management, growth and profitability of the business of the Corporation, its subsidiaries and
Affiliates are eligible to be granted Awards under the Plan. 
  
 SECTION 5.    Stock Options 
  
 Stock Options
may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock Options and Nonqualified Stock Options. Any Stock 

  

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Option granted under the Plan shall be in such form as the Committee may from time to time approve. 
  
 The Committee shall have the authority to grant any participant Incentive Stock Options, Nonqualified Stock Options or both types of
Stock Options (in each case with or without Stock Appreciation Rights). Incentive Stock Options may be granted only to employees of the Corporation and its “subsidiaries” and “parent”, if any (within the meaning of Section 424(f)
of the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or even if so designated does not qualify as an Incentive Stock Option, it shall constitute a Nonqualified Stock Option. 
  
 Stock Options shall be evidenced by option agreements, the terms and provisions of
which may differ. An option agreement shall indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a Nonqualified Stock Option. The grant of a Stock Option shall occur on the date the Committee by resolution
selects an individual to be a participant in any grant of a Stock Option, determines the number of shares of Ordinary Shares to be subject to such Stock Option to be granted to such individual and specifies the terms and provisions of the Stock
Option. The Corporation shall notify a participant of any grant of a Stock Option, and a written option agreement or agreements shall be duly executed and delivered by the Corporation to the participant. Such grant shall become effective upon the
date of grant (subject to conditions set forth therein), and the execution of the option agreements(s) may occur following the grant of the Stock Option. 
  
 Stock Options granted under the Plan shall be subject to the following terms and conditions and shall contain such additional terms and conditions as the Committee
shall deem desirable: 
  
 (a)    Option Price.    The option price per share of Ordinary Shares purchasable under a Stock Option shall be determined by the Committee and set forth in the option agreement (the
“Option Price”), and shall not be less than the Fair Market Value of the Ordinary Shares subject to the Stock Option on the date of grant. 
  
 (b)    Option Term.    The term of each Stock Option shall be fixed by the Committee, but no
Incentive Stock Option shall be exercisable more than 10 years after the date the Incentive Stock Option is granted. 
  
 (c)    Exercisability.    Except as otherwise provided herein, Stock Options shall be exercisable at
such time or times and subject to such terms and conditions as shall be determined by the Committee. If the Committee provides that any Stock Option is exercisable only in installments, the Committee may at any time waive such installment exercise
provisions, in whole or in part, based on such factors as the Committee may determine. In addition, the Committee may at any time accelerate the exercisability of any Stock Option. 
  
 (d)    Method of Exercise.    Subject to the provisions of this Section
5, Stock Options may be exercised, in whole or in part, at any time during the option term by giving written notice of exercise to the Corporation specifying the number of shares of Ordinary Shares subject to the Stock Option to be purchased.

  
 Such notice shall be accompanied by payment in full of
the purchase price by certified or bank check or such other instrument as the Corporation may accept. If approved by the Committee, payment, in full or in part, may also be made in the form of unrestricted Ordinary Shares already owned by the
optionee of the same class as the Ordinary Shares subject to the Stock Option (based on the Fair Market Value of the Ordinary Shares on the date the Stock Option is exercised); provided, however, that, in the case of an Incentive 

  

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Stock Option the right to make a payment in the form of already owned shares of Ordinary Shares of the same class as the Ordinary Shares subject to the Stock Option
may be authorized only at the time the Stock Option is granted. 
  
 Following the closing of any sale of Ordinary Shares or other equity securities of the Corporation in a firm commitment, underwritten public offering under the Securities Act in which any securities of the Corporation (including the Shares)
are listed on a stock exchange or authorized for trading through NASDAQ (an “IPO”), in the discretion of the Committee and to the extent permitted by applicable law, payment for any shares subject to a Stock Option may also be made by
delivering a properly executed exercise notice to the Corporation, together with a copy of irrevocable instructions to a broker to deliver promptly to the Corporation the amount of sale or loan proceeds from shares of Ordinary Shares owned by the
optionee necessary to pay the Option Price, and, if requested, to pay the amount of any federal, state, local or foreign withholding taxes. To facilitate the foregoing, the Corporation may enter into agreements for coordinated procedures with one or
more brokerage firms. 
  
 In addition, in the discretion of
the Committee, payment for any shares subject to a Stock Option may also be made by instructing the Committee to withhold a number of such shares having a Fair Market Value on the date of exercise equal to the aggregate Option Price of such Stock
Option. 
  
 No shares of Ordinary Shares shall be issued
until full payment therefor has been made. An optionee shall have all of the rights of a shareholder of the Corporation holding the class or series of Ordinary Shares that is subject to such Stock Option (including, if applicable, the right to vote
the shares and the right to receive dividends), when the optionee has given written notice of exercise, has paid in full for such shares and, if requested, has given the representation described in Section 13(a). 
  
 (e)    Nontransferability of Stock
Options.    No Stock Option shall be transferable by the optionee other than (i) by will or by the laws of descent and distribution; or (ii) in the case of a Nonqualified Stock Option, pursuant to (a) a qualified domestic
relations order (as defined in the Code, or the regulations thereunder), (b) a gift to a “family member” of such optionee or other specified individuals or entities, whether directly or indirectly or by means of a trust, partnership,
limited liability corporation or otherwise, if expressly permitted under the applicable option agreement or (c) a gift to a charitable organization, if expressly permitted under the applicable option agreement; or (iii) with the approval of (a) on
or prior to the Closing Date (as defined in the Transaction Agreement), Parent and (b) following the Closing Date (as defined in the Transaction Agreement), a majority of the Board and, so long as Parent or IACT Asia Pacific Limited beneficially
owns at least 15% of the voting power of the Corporation’s shares, a majority of the Parent-designated or IACT Asia Pacific Limited-designated directors on the Board. All Stock Options shall be exercisable, subject to the terms of this Plan,
during the optionee’s lifetime, only by the optionee or any person to whom the Stock Option is transferred by will or the laws of descent and distribution or, in the case of a Nonqualified Stock Option, pursuant to a qualified domestic
relations order or a gift permitted under the applicable option agreement. For purposes of this Section 5(e), “family member” shall have the meaning given to such term in General Instructions A.1(a)(5) to form S-8 under the Securities Act
of 1933 (the “Act”), as amended, or any successor thereto, except as otherwise defined by the Committee. Such transferees may transfer a Stock Option only by will or the laws of descent and distribution. Notwithstanding any transfer under
this Section 5(e), Termination of Employment under the Plan shall refer to Termination of Employment of the original participant. 
  

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 (f)    Termination by Death.    Unless otherwise
determined by the Committee (in the option agreement or otherwise), subject to Section 13(j), if an optionee’s Termination of Employment is by reason of death, any Stock Option held by such optionee may thereafter be exercised, to the extent
then exercisable, or on such accelerated basis as the Committee may determine, for a period of one year (or such other period as the Committee may specify in the option agreement) from the date of such death or until the expiration of the stated
term of such Stock Option, whichever period is the shorter. 
  
 (g)    Termination by Reason of Disability.    Unless otherwise determined by the Committee (in the option agreement or otherwise), subject to Section 13(j) and 5(j), if an optionee’s
Termination of Employment is by reason of Disability, any Stock Option held by such optionee may thereafter be exercised, to the extent then exercisable, or on such accelerated basis as the Committee may determine, for a period of one year (or such
other period as the Committee may specify in the option agreement) from the date of such Termination of Employment or until the expiration of the stated term of such Stock Option, whichever period is the shorter; provided, however, that if the
optionee dies within such period, any unexercised Stock Option held by such optionee shall, notwithstanding the expiration of such period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of 12
months from the date of such death or until the expiration of the stated term of such Stock Option, whichever period is the shorter. In the event of Termination of Employment by reason of Disability, if an Incentive Stock Option is exercised after
the expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Nonqualified Stock Option. 
  
 (h)    Termination by Reason of Retirement.    Unless otherwise
determined by the Committee (in the option agreement or otherwise), subject to Sections 13(j) and 5(j), if an optionee’s Termination of Employment is by reason of Retirement, any Stock Option held by such optionee may thereafter be exercised by
the optionee, to the extent it was exercisable at the time of such Retirement, or on such accelerated basis as the Committee may determine, for a period of one year from the date of such termination of employment or until the expiration of the
stated term of such Stock Option, whichever period is the shorter; provided, however, that if the optionee dies within such period any unexercised Stock Option held by such optionee shall, notwithstanding the expiration of such period, continue to
be exercisable to the extent to which it was exercisable at the time of death for a period of 12 months from the date of such death or until the expiration of the stated term of such Stock Option, whichever period is the shorter. In the event of
Termination of Employment by reason of Retirement, if an Incentive Stock Option is exercised after the expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a
Nonqualified Stock Option. 
  
 (i)    Other Termination.    Unless otherwise determined by the Committee (in the option agreement or otherwise), subject to Sections 13(j) and 5(j): (A) if an optionee incurs a Termination of
Employment for Cause, all Stock Options held by such optionee shall thereupon terminate; and (B) if an optionee incurs a Termination of Employment for any reason other than death, Disability, Retirement or Cause, any Stock Option held by such
optionee, to the extent then exercisable, or on such accelerated basis as the Committee may determine, subject to Section 5(j), may be exercised for the lesser of 3 months from the date of such Termination of Employment or the balance of such Stock
Option’s term; provided, however, that if the optionee dies within such 3-month period, any unexercised Stock Option held by such optionee shall, notwithstanding the expiration of such 3-month period, continue to be exercisable to the extent to
which it was exercisable at the time of death for a period of 12 months from the date of such death or until the expiration of the stated term 

  

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of such Stock Option, whichever period is the shorter. In the event of Termination of Employment, if an Incentive Stock Option is exercised after the expiration of the
exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Nonqualified Stock Option. 
  
 (j)    Sixty Days limitation.    The Corporation may retain the shares of stock issuable upon
exercise of a Stock Option pursuant to Sections 5(g), 5(h) and 5(i)(B) for a period of sixty days from exercise and, if the optionee becomes employed or otherwise associated with a competitor or enters into an agreement to do so during that sixty
day period, either as a director, officer, employee, agent, representative or otherwise, then the Corporation may retain and cancel those shares, refund the exercise price paid by the optionee and thereafter all rights of the optionee in the stock
shall immediately cease.1 
  
 (k)    Cashing Out of Stock Option.    On receipt of written notice of exercise, the Committee may
elect to cash out all or part of the portion of the shares of Ordinary Shares for which a Stock Option is being exercised by paying the optionee an amount, in cash or Ordinary Shares, equal to the excess of the Fair Market Value of the Ordinary
Shares over the Option Price times the number of shares of Ordinary Shares for which the Stock Option is being exercised on the effective date of such cash-out. 
  

SECTION 6.    Stock Appreciation Rights 
  
 (a)    Grant and Exercise.     Stock Appreciation Rights may be granted in conjunction
with all or part of any Stock Option granted under the Plan. In the case of a Nonqualified Stock Option, such rights may be granted either at or after the time of grant of such Stock Option. In the case of an Incentive Stock Option, such rights may
be granted only at the time of grant of such Stock Option. A Stock Appreciation Right shall terminate and no longer be exercisable upon the termination or exercise of the related Stock Option. 
  
 A Stock Appreciation Right may be exercised by an optionee in accordance with Section
6(b) by surrendering the applicable portion of the related Stock Option in accordance with procedures established by the Committee. Upon such exercise and surrender, the optionee shall be entitled to receive an amount determined in the manner
prescribed in Section 6(b). Stock Options which have been so surrendered shall no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
  
 (b)    Terms and Conditions.    Stock Appreciation Rights shall be subject to such
terms and conditions as shall be determined by the Committee, including the following: 
  
 (i)    Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the Stock Options to
which they relate are exercisable in accordance with the provisions of Section 5 and this Section 6. 
  
 (ii)    Upon the exercise of a Stock Appreciation Right, an optionee shall be entitled to receive an amount in cash, shares of
Ordinary Shares or both, in value equal to the excess of the Fair Market Value of one share of Ordinary Shares over the Option Price per share specified in the related Stock Option multiplied by the number of shares in respect of which the Stock
Appreciation Right shall have been exercised, with the Committee having the right to determine the form of payment. 
  
 (iii)    Stock Appreciation Rights shall be transferable only to permitted transferees of the underlying Stock Option in
accordance with Section 5(e). 
  

	1	 	Subject to review by auditors. 

  

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 (iv)    Upon the exercise of a Stock Appreciation Right, the Stock Option or
part thereof to which such Stock Appreciation Right is related shall be deemed to have been exercised for the purpose of the limitation set forth in Section 3 on the number of shares of Ordinary Shares to be issued under the Plan, but only to the
extent of the number of shares in respect of which the Stock Appreciation Right has been exercised. 
  
 SECTION 7.    Restricted Stock 
  
 (a)    Administration.    Shares of Restricted Stock may be awarded either alone or in addition to other Awards
granted under the Plan. The Committee shall determine the officers and employees to whom and the time or times at which grants of Restricted Stock will be awarded, the number of shares to be awarded to any participant, the conditions for vesting,
the time or times within which such Awards may be subject to forfeiture and any other terms and conditions of the Awards, in addition to those contained in Section 7(c). 
  
 The Committee may, prior to or at the time of grant, condition the vesting of or grant of Restricted Stock upon the continued service
of the participant, the attainment of Performance Goals or both. The provisions of Restricted Stock Awards (including the applicable Performance Goals) need not be the same with respect to each recipient. 
  
 (b)    Awards and
Certificates.    Shares of Restricted Stock shall be evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. Any certificate issued in
respect of shares of Restricted Stock shall be registered in the name of such participant and shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form:

  
 “The transferability of this certificate and the shares of stock
represented hereby are subject to the terms and conditions (including forfeiture) of the eLong, Inc., Stock and Annual Incentive Plan and Restricted Stock Agreement. Copies of such Plan and Agreement are on file at the offices of eLong, Inc.”

  
 The Committee may require that the certificates evidencing such shares be held in
custody by the Corporation until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the participant shall have delivered a stock power, endorsed in blank, relating to the Ordinary Shares covered by
such Award. 
  
 (c)    Terms and
Conditions.    Shares of Restricted Stock shall be subject to the following terms and conditions: 
  
 (i)    Subject to the provisions of the Plan and the Restricted Stock Agreement referred to in Section 7(c)(vi), during the
period, if any, set by the Committee, commencing with the date of such Award for which such participant’s continued service is required (the “Restriction Period”), and until the later of (i) the expiration of the Restriction Period
and (ii) the date the applicable Performance Goals (if any) are satisfied, the participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock; provided, that, to the extent permitted by
applicable law, the foregoing shall not prevent a participant from pledging Restricted Stock as security for a loan, the sole purpose of which is to provide funds to pay the Option Price for Stock Options. Within these limits, the Committee may
provide for the lapse of restrictions based upon period of service in installments or otherwise and may accelerate or waive, in whole or in part, restrictions based upon period of service or upon performance. 
  

 10 

 (ii)    Except as provided in this paragraph (ii) and Section 7(c)(i) and the
Restricted Stock Agreement, the participant shall have, with respect to the shares of Restricted Stock, all of the rights of a stockholder of the Corporation holding the class or series of Ordinary Shares that is the subject of the Restricted Stock,
including, if applicable, the right to vote the shares and the right to receive any cash dividends. If so determined by the Committee in the applicable Restricted Stock Agreement and subject to Section 13(e) of the Plan, (1) cash dividends on the
class or series of Ordinary Shares that is the subject of the Restricted Stock Award shall be automatically deferred and reinvested in additional Restricted Stock, held subject to the vesting of the underlying Restricted Stock, or held subject to
meeting Performance Goals applicable only to dividends, (2) dividends payable in Ordinary Shares shall be paid in the form of Restricted Stock of the same class as the Ordinary Shares with which such dividend was paid, held subject to the vesting of
the underlying Restricted Stock, or held subject to meeting Performance Goals applicable only to dividends and (3) dividends payable in shares of a subsidiary of the Corporation upon a spin-off transaction shall be held as restricted shares subject
to the vesting provisions of the underlying Restricted Stock. 
  
 (iii)    Except to the extent otherwise provided in the applicable Restricted Stock Agreement and Sections 7(c)(i), 7(c)(iv) and 10(a), upon a participant’s Termination of Employment for any reason during the
Restriction Period or before the applicable Performance Goals are satisfied, all shares still subject to restriction shall be forfeited by the participant. 
  
 (iv)    In the event of a participant’s Retirement or a participant’s involuntary Termination of Employment (other
than for Cause), the Committee shall have the discretion to waive, in whole or in part, any or all remaining restrictions with respect to any or all of such participant’s shares of Restricted Stock. 
  
 (v)    If and when the Restriction Period expires
without a prior forfeiture of the Restricted Stock, unlegended certificates for such shares shall be delivered to the participant upon surrender of the legended certificates. 
  
 (vi)    Each Award shall be confirmed by, and be subject to, the terms of a Restricted Stock
Agreement. 
  
 SECTION 8.    Performance
Units 
  
 (a)    Performance Units may be awarded either
alone or in addition to other Awards granted under the Plan. The Committee shall determine the officers and employees to whom and the time or times at which Performance Units shall be awarded, the number of Performance Units to be awarded to any
participant, the duration of the Award Cycle and any other terms and conditions of the Award, in addition to those contained in Section 8(b). 
  
 The Committee may condition the settlement of or grant of Performance Units upon the continued service of the participant, the attainment of Performance Goals, or
both. The provisions of such Awards (including the applicable Performance Goals) need not be the same with respect to each recipient. 
  
 (b)    Terms and Conditions.    Performance Units Awards shall be subject to the following terms and conditions:

  
 (i)    Subject to the provisions of
the Plan and the Performance Units Agreement referred to in Section 8(b)(vi), Performance Units may not be sold, assigned, transferred, pledged or otherwise encumbered during the Award Cycle. At the expiration of the Award 

  

 11 

 
Cycle, the Committee shall evaluate the Corporation’s performance in light of the Performance Goals for such Award to the extent applicable, and shall determine
the number of Performance Units granted to the participant which have been earned, and the Committee may then elect to deliver (1) a number of shares of Ordinary Shares equal to the number of Performance Units determined by the Committee to have
been earned, or (2) cash equal to the Fair Market Value of such number of shares of Ordinary Shares to the participant. 
  
 (ii)    Except to the extent otherwise provided in the applicable Performance Unit Agreement and Sections 8(b)(iii) and 10(a),
upon a participant’s Termination of Employment for any reason during the Award Cycle or before any applicable Performance Goals are satisfied, the rights to the shares still covered by the Performance Units Award shall be forfeited by the
participant. 
  
 (iii)    Except to the
extent otherwise provided in Section 10(a), upon a participant’s Termination of Employment (other than for Cause), or in the event of a participant’s Retirement, the Committee shall have the discretion to waive, in whole or in part, any or
all remaining payment limitations with respect to any or all of such participant’s Performance Units. 
  
 (iv)    A participant may elect to further defer receipt of the Performance Units payable under an Award (or an installment of
an Award) for a specified period or until a specified event, subject in each case to the Committee’s approval and to such terms as are determined by the Committee (the “Elective Deferral Period”). Subject to any exceptions adopted by
the Committee, such election must generally be made prior to commencement of the Award Cycle for the Award (or for such installment of an Award). 
  
 (v)    If and when any applicable Performance Goals are satisfied and the Elective Deferral Period expires without a prior
forfeiture of the Performance Units, payment in accordance with Section 8(b)(i) hereof shall be made to the participant. 
  
 (vi)    Each Award shall be confirmed by, and be subject to, the terms of a Performance Unit Agreement. 
  
 (vii)    The Committee may determine in the
applicable Performance Unit Agreement (or otherwise), whether and, the manner in which, dividend equivalents shall be payable on the shares of Ordinary Shares with respect to which Performance Units have been awarded. In the event that the Committee
determines to provide for the payment of dividend equivalents, such dividend equivalents shall be subject to vesting and payment restrictions (including the form of payment in cash or Ordinary Shares) as determined by the Committee in its
discretion. 
  
 SECTION 9.    Tax Offset
Bonuses 
  
 At the time an Award is made hereunder or at any time
thereafter, the Committee may grant to the participant receiving such Award the right to receive a cash payment in an amount specified by the Committee, to be paid at such time or times (if ever) as the Award results in compensation income to the
participant, for the purpose of assisting the participant to pay the resulting taxes, all as determined by the Committee and on such other terms and conditions as the Committee shall determine. 
  
 SECTION 10.    Change In Control Provisions

  
 (a)    Effect of Change in
Control.    Notwithstanding any other provision of the Plan to the contrary, unless otherwise determined by the Committee (in the Award agreement or 

  

 12 

 
otherwise), if, during the one-year period following a Change in Control, an Award holder incurs a Termination of Employment by the Corporation other than by reason of
death, Disability or Cause or the Award holder resigns for Good Reason (as defined in any applicable Award agreement), the Award holder shall be entitled as of the Termination of Employment to an additional 12 months of vesting of the Award to the
extent unvested as of the Termination of Employment, and in the case of any Stock Option or Stock Appreciation Right, any such vested Stock Options or Stock Appreciation Rights shall remain exercisable for the lesser of (i) 90 days following such
Termination of Employment, and (ii) the balance of such Stock Option’s term. 
  
 (b)    Definition of Change in Control.    For purposes of the Plan, unless otherwise provided in an Award agreement, a “Change in Control” shall mean the happening of
any of the following events: 
  
 (i)    The acquisition by any individual entity or group, within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act, other than the Parent, Barry Diller, Liberty Media Corporation, and their respective
affiliates (a “Person”), directly or indirectly, of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of equity securities of the Corporation representing more than 50% of the voting power of
the then outstanding equity securities of the Corporation entitled to vote generally in the election of directors (the “Outstanding Corporation Voting Securities”); provided, however, that for purposes of this
subsection (i), the following acquisitions shall not constitute a Change in Control: (1) any acquisition by the Corporation, (2) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any
corporation controlled by the Corporation, or (3) any acquisition by any Person pursuant to a transaction which complies with clauses (A) and (B) of subsection (ii); or 
  
 (ii)    Individuals who, as of the Plan Effective Date, constitute the Board (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Plan Effective Date, whose election, or nomination for election by the Corporation’s
shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person
other than the Board; or 
  
 (iii)    The consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Corporation or the purchase of assets or stock of another entity (a
“Business Combination”), in each case, unless immediately following such Business Combination, (A) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Corporation Voting
Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then outstanding combined voting power of the then outstanding voting securities entitled to vote generally in the election of
directors of the entity resulting from such Business Combination (including, without limitation, an entity which as a result of such transaction owns the Corporation or all or substantially all of the Corporation’s assets either directly or
through one or more subsidiaries) in substantially the same proportion as their ownership immediately prior to such Business Combination of the Outstanding Corporation Voting Securities, and (B) no Person (excluding Parent, Barry Diller, Liberty
Media Corporation and their respective Affiliates, any employee benefit plan (or related trust) of the Corporation or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, more than a majority of the
combined voting power of the then outstanding voting securities of such entity except to the extent 

  

 13 

 
that such ownership of the Corporation existed prior to the Business Combination; and (C) at least a majority of the members of the board of directors (or equivalent
governing body, if applicable) of the entity resulting from such Business Combination will have been members of the Incumbent Board at the time of the initial agreement, or action of the Board, providing for such Business Combination; or 

 
 (iv) Approval by the stockholders of the Corporation of a complete
liquidation or dissolution of the Corporation. 
  
 Notwithstanding
paragraphs (i), (ii) and (iii) above, in no event shall a Change in Control be deemed to occur under paragraphs (i), (ii) and (iii) above (1) if Parent or its Affiliates (or Barry Diller) maintains a direct or indirect Controlling Interest in the
Corporation or in an entity that maintains a Controlling Interest in the Corporation, (2) as a result of Liberty Media Corporation or its Affiliates obtaining a direct or indirect Controlling Interest in Parent or (3) upon an IPO. A
“Controlling Interest” in an entity shall mean (x) beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of (A) more than 50% of the outstanding equity securities of the entity or (B) equity securities
representing more than 50% of the voting power of the outstanding equity securities of the entity or (y) voting control of more than 50% of the voting power of the entity. 
  
 SECTION 11.    Term, Amendment And Termination 
  
 The Plan will terminate 10 years after the Plan Effective Date; provided, that the
Awards outstanding as of such date shall not be affected or impaired by the termination of the Plan. 
  
 The Board may amend, alter, or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which would impair the rights of an optionee
under a Stock Option or a recipient of a Stock Appreciation Right, Restricted Stock Award or Performance Unit Award theretofore granted without the optionee’s or recipient’s consent, except as required by applicable law, NASDAQ or stock
exchange rules, tax rules or accounting rules. In addition, no such amendment shall be made without the approval of the Corporation’s stockholders to the extent such approval is required by applicable law, NASDAQ or stock exchange rules or by
agreement. Notwithstanding anything to the contrary herein, the Committee or Board may amend or alter the Plan (or set up a program under the Plan) in such manner as may be necessary so as to have the Plan conform to local rules and regulations in
any jurisdiction outside the United States. 
  
 The Committee may amend the
terms of any Stock Option or other Award theretofore granted, prospectively or retroactively, but no such amendment shall impair the rights of any holder of such Award without the holder’s consent, except as required by applicable law, NASDAQ
or stock exchange rules, tax rules or accounting rules. 
  
 Subject to the
above provisions, the Board shall have authority to amend the Plan to take into account changes in law and tax and accounting rules as well as other developments, and to grant Awards which qualify for beneficial treatment under such rules without
stockholder approval. 
  
 SECTION
12.    Unfunded Status Of Plan 
  
 It is presently
intended that the Plan constitute an “unfunded” plan for incentive and deferred compensation. The Committee may authorize the creation of trusts or other 

  

 14 

 
arrangements to meet the obligations created under the Plan to deliver Ordinary Shares or make payments; provided, however, that unless the Committee otherwise
determines, the existence of such trusts or other arrangements shall be consistent with the “unfunded” status of the Plan. 
  
 SECTION 13.    General Provisions 
  
 (a)    The Committee may require each person purchasing or receiving shares pursuant to an Award to represent to and agree with the Corporation
in writing that such person is acquiring the shares without a view to the distribution thereof. The certificates for such shares may include any legend which the Committee deems appropriate to reflect any restrictions on transfer. 
  
 Notwithstanding any other provision of the Plan or agreements made pursuant thereto,
the Corporation shall not be required to issue or deliver any certificate or certificates for shares of Ordinary Shares under the Plan prior to fulfillment of all of the following conditions: 
  
 (i)    If the Ordinary Shares are listed on a
national market system or on any established stock exchange—listing or approval for listing upon notice of issuance, of such shares on NASDAQ or on the New York Stock Exchange, Inc., or such other securities exchange as may at the time be the
principal market for the Ordinary Shares; 
  
 (ii)    Any registration or other qualification of such shares of the Corporation under any state or federal law or regulation or the maintaining in effect of any such registration or other qualification which the
Committee shall, in its absolute discretion upon the advice of counsel, deem necessary or advisable; and 
  
 (iii)    Obtaining any other consent, approval, or permit from any state or federal governmental agency which the Committee
shall, in its absolute discretion after receiving the advice of counsel, determine to be necessary or advisable. 
  
 (b)    Nothing contained in the Plan shall prevent the Corporation or any subsidiary or Affiliate from adopting other or additional compensation
arrangements for its employees. 
  
 (c)    Adoption of
the Plan shall not confer upon any employee any right to continued employment, nor shall it interfere in any way with the right of the Corporation or any subsidiary or Affiliate to terminate the employment of any employee at any time 
  
 (d)    No later than the date as of which an amount first becomes
includible in the gross income of the participant for federal income tax purposes with respect to any Award under the Plan, the participant shall pay to the Corporation, or make arrangements satisfactory to the Corporation regarding the payment of,
any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Corporation, withholding obligations may be settled with Ordinary Shares, including Ordinary Shares
that is part of the Award that gives rise to the withholding requirement. The obligations of the Corporation under the Plan shall be conditional on such payment or arrangements, and the Corporation and its subsidiaries and Affiliates shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of
withholding obligations with Ordinary Shares. 
  
 (e)    Reinvestment of dividends in additional Restricted Stock or Performance Units at the time of any dividend payment with respect to Restricted Stock or Performance Units, respectively, shall only be permissible if
sufficient shares of Ordinary Shares are available under Section 3 for such reinvestment (taking into account then outstanding Stock Options and other Awards). 
  

 15 

 (f)    The Committee shall establish such procedures as it deems appropriate for a participant
to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights of the participant, after the participant’s death, may be exercised. 
  
 (g)    In the case of a grant of an Award to any employee of a
subsidiary or other Affiliate of the Corporation, the Corporation may, if the Committee so directs, issue or transfer the shares of Ordinary Shares, if any, covered by the Award to the subsidiary or such other Affiliate, for such lawful
consideration as the Committee may specify, upon the condition or understanding that the subsidiary will transfer the shares of Ordinary Shares to the employee in accordance with the terms of the Award specified by the Committee pursuant to the
provisions of the Plan. 
  
 (h)    The Plan and all
Awards made and actions taken thereunder shall be governed by and construed in accordance with the laws of Delaware, without reference to principles of conflict of laws. 
  
 (i)    In the event an Award is granted to a participant who is employed or providing services outside the United
States and who is not compensated from a payroll maintained in the United States, the Committee may, in its sole discretion, modify the provisions of the Plan as they pertain to such individual to comply with applicable foreign law or to recognize
differences in local law, currency or tax policy. The Committee may also impose conditions on the exercise or vesting of Awards in order to minimize the Corporation’s obligations with respect to tax equalization for participants on assignments
outside their home country. 
  
 (j)    Registration
of Shares and Lock-Up Period.    Notwithstanding anything in this Plan to the contrary, to the extent set forth in an Award agreement, in the event the Corporation registers the offering of any securities of the Corporation
under the Act, the Award holder, upon notice from the Corporation, shall not exercise any Stock Options or Stock Appreciation Rights granted under this Plan, or sell or otherwise transfer any securities of the Corporation obtained in connection with
this Plan, during the 180-day period following the effective date of a registration statement filed under the Act; provided, however, that such registration shall only apply to public offerings which include securities to be sold on behalf of the
Corporation to the public in an underwritten public offering under the Act. The Corporation may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such 180-day period. In such event,
notwithstanding anything in this Plan to the contrary, the post-termination exercise period referred to in Sections 5 and 6 shall be suspended for such 180-day period and the balance of the post-termination exercise period shall recommence following
the end of such 180-day period. If the expiration of the stated term of a Stock Option or Stock Appreciation Right granted under this Plan falls within the 180-day period, the Award holder may exercise such Stock Option or Stock Appreciation Right,
but in no event shall sell or otherwise transfer it during the 180-day period. In no event shall a Stock Option or Stock Appreciation Right be exercisable after the expiration of the stated term of such Stock Option or Stock Appreciation Right.

  
 SECTION 14.    Plan Effective Date

  
 The Plan shall be effective as of July 23, 2004, the date it was
approved by the Board (the “Plan Effective Date”), subject to later approval by the Corporation’s stockholders. 
  

 16Registration Rights Agreement

 Exhibit 4.a 
  
 EXECUTION COPY 
  
 CROWN EUROPEAN HOLDINGS SA 
  
 €110,000,000 6 1/4% First Priority Senior Secured Notes due 2011 
  
 REGISTRATION RIGHTS AGREEMENT 
  
 New York, New York 
 October 6, 2004 
 Citigroup Global Markets Inc. 
 Lehman Brothers Inc. 
     As Representatives of the several Initial 
     Purchasers named in Schedule I hereto 
 c/o Citigroup Global Markets Inc. 
 388 Greenwich Street 
 New York, New York 10013 
  
 Dear Sirs: 
  
 Crown European Holdings SA, a société anonyme organized under the laws of France (the “Company”), proposes, among
other things, to issue and sell to the several initial purchasers named in Schedule I hereto (the “Initial Purchasers”), for whom you are acting as representatives, €110,000,000 aggregate principal amount of its 6 1/4% First Priority Senior Secured Notes due 2011 (the “Notes”) upon the terms and conditions set
forth in a purchase agreement dated September 15, 2004 (the “Purchase Agreement”) relating to the initial placement of the Notes (the “Initial Placement”). The Company’s obligations under the Notes will be
unconditionally guaranteed (the “Guarantees”) by Crown Holdings, Inc., a Pennsylvania corporation (“Crown”), and each of Crown’s subsidiaries named in Schedule II to the Purchase Agreement (collectively, the
“Guarantors”). References herein to the “Issuers” refer to the Company and the Guarantors. References herein to the “Securities” refer to the Notes and the Guarantees. To induce the Initial
Purchasers to enter into the Purchase Agreement and to satisfy a condition of your obligations thereunder, the Issuers hereby agree with you for your benefit and the benefit of the holders from time to time of Securities and Exchange Securities (as
defined below) (including the Initial Purchasers) (each a “Holder” and collectively the “Holders”) as follows: 
  
 1. Definitions. Capitalized terms used herein without definition shall have their respective meanings set forth in the Purchase Agreement. As used
in this Agreement, the following defined terms shall have the following respective meanings: 
  
 “Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Affiliate” of any specified Person shall mean any other Person that, directly or indirectly, is in control
of, is controlled by, or is under common control with, such specified Person. For purposes of this definition, “control” of a Person shall mean the power, direct or indirect, to direct or cause the direction of the management and
policies of such Person whether by contract or otherwise; and the terms “controlling” and “controlled” shall have meanings correlative to the foregoing. 

 “Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange
Act. 
  
 “Business Day” shall mean any day other
than a Saturday, a Sunday or a legal holiday or a day on which banking institutions or trust companies are authorized or obligated by law to close in New York City. 
  
 “Commission” shall mean the Securities and Exchange Commission. 
  
 “Company” shall mean Crown European Holdings SA, a
société anonyme organized under the laws of France, and any successor thereto. 
  
 “Conduct Rules” shall have the meaning set forth in Section 4(u) hereof. 
  
 “Crown” shall mean Crown Holdings, Inc., a Pennsylvania corporation, and any successor thereto. 

 
 “CT” shall have the meaning set forth in Section 17
hereof. 
  
 “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 
  
 “Exchange Offer Registration Period” shall mean the one-year period following the consummation of the Registered Exchange Offer,
exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement. 
  
 “Exchange Offer Registration Statement” shall mean a registration statement of the Issuers on an appropriate form under the Act with
respect to the Registered Exchange Offer, all amendments and supplements to such registration statement, including post-effective amendments thereto, in each case including the Prospectus contained therein, all exhibits thereto and all material
incorporated by reference therein. 
  
 “Exchange
Securities” shall mean debt securities of the Company guaranteed by the Guarantors identical in all material respects to the Securities (except that the cash interest and interest rate step-up provisions and U.S. transfer restrictions shall
be modified or eliminated as appropriate) to be issued under the Indenture. 
  
 “Exchanging Dealer” shall mean any Holder (which may include any Initial Purchaser) that is a Broker-Dealer and elects to exchange any Securities that it acquired for its own account as a result of
market-making activities or other trading activities (but not directly from any Issuer or any Affiliate of any Issuer) for Exchange Securities. 
  
 “Final Memorandum” shall have the meaning set forth in the Purchase Agreement. 
  
 “Guarantees” shall have the meaning set forth in the
preamble hereto. 
  
 “Guarantors” shall have the
meaning set forth in the preamble hereto. 
  
 “Holder” shall have the meaning set forth in the preamble hereto. 
  

 -2- 

 “Indenture” shall mean the Indenture relating to the Securities dated September 1, 2004
among the Company, the Guarantors and Wells Fargo Bank, N.A., as trustee, as amended or supplemented from time to time in accordance with the terms thereof. 
  
 “Initial Placement” shall have the meaning set forth in the preamble hereto. 
  
 “Initial Purchasers” shall have the meaning set forth in the
preamble hereto. 
  
 “Issuers” shall have the
meaning set forth in the preamble hereto. 
  
 “Judgment
Currency” shall have the meaning set forth in Section 18 hereof. 
  
 “Losses” shall have the meaning set forth in Section 6(d) hereof. 
  
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of Securities and Exchange Securities
registered under a Registration Statement. 
  
 “Managing
Underwriters” shall mean the investment banker or investment bankers and manager or managers that shall administer an underwritten offering. 
  
 “Notes” shall have the meaning set forth in the preamble hereto. 
  
 “Person” shall mean an individual, trustee, corporation, partnership, limited liability company, joint
stock company, trust, unincorporated association, union, business association, firm or other legal entity. 
  
 “Prospectus” shall mean the prospectus included in any Registration Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A under the Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Securities or the Exchange Securities covered by such Registration Statement, and all amendments and supplements thereto and all material incorporated by reference therein. 
  
 “Purchase Agreement” shall have the meaning set forth in the
preamble hereto. 
  
 “Registered Exchange Offer”
shall mean the proposed offer of the Issuers to issue and deliver to the Holders of the Securities that are not prohibited by any law or policy of the Commission from participating in such offer, in exchange for the Securities, a like aggregate
principal amount of the Exchange Securities. 
  
 “Registration Statement” shall mean any Exchange Offer Registration Statement or Shelf Registration Statement that covers any of the Securities or the Exchange Securities pursuant to the provisions of this Agreement, any
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. 
  
 “Securities” shall have the meaning set forth in the
preamble hereto. 
  
 “Shelf Registration” shall
mean a registration effected pursuant to Section 3 hereof. 
  
 “Shelf Registration Period” shall have the meaning set forth in Section 3(b) hereof. 
  

 -3- 

 “Shelf Registration Statement” shall mean a “shelf” registration statement of
the Issuers pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or Exchange Securities, as applicable, on an appropriate form under Rule 415 under the Act, or any similar rule that may be adopted by the
Commission, 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 mean any underwriter of Securities or Exchange Securities in connection with an offering thereof under a Shelf Registration Statement. 
  
 2. Registered Exchange Offer. (a) The Issuers shall prepare and, not later than 90 days following the date of the original issuance of the
Securities (or if such 90th day is not a Business Day, the next succeeding Business Day), shall file with the Commission the Exchange Offer Registration Statement with respect to the Registered Exchange Offer. The Issuers shall use their reasonable
best efforts to cause the Exchange Offer Registration Statement to become effective under the Act within 210 days of the date of the original issuance of the Securities (or if such 210th day is not a Business Day, the next succeeding Business Day).

  
 (b) Upon the effectiveness of the Exchange Offer Registration
Statement, the Issuers shall promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder electing to exchange Securities for Exchange Securities (assuming that such Holder is not an
Affiliate of any Issuer, acquires the Exchange Securities in the ordinary course of such Holder’s business, has no arrangements with any Person to participate in the distribution of the Exchange Securities and is not prohibited by any law or
policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after their receipt without any limitations or restrictions under the Act and without material restrictions under the securities
laws of a substantial proportion of the several states of the United States. 
  
 (c) In connection with the Registered Exchange Offer, the Issuers shall: 
  
 (i) mail to each Holder a copy of the Prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate
letter of transmittal and related documents; 
  
 (ii) keep the Registered Exchange Offer open for not less than 30 days after the date notice thereof is mailed to the Holders (or longer if required by applicable law); 
  
 (iii) use their reasonable best efforts to keep the Exchange Offer Registration Statement continuously
effective under the Act, supplemented and amended as required under the Act, to ensure that it is available for sales of Exchange Securities by Exchanging Dealers during the Exchange Offer Registration Period; 
  
 (iv) utilize the services of a depositary for the
Registered Exchange Offer with an address in the Borough of Manhattan in New York City, which may be the Trustee or an Affiliate of the Trustee; 
  

 -4- 

 (v) permit Holders to withdraw tendered Securities at any time prior to the close of
business, New York time, on the last Business Day on which the Registered Exchange Offer is open; 
  
 (vi) if requested by the Commission, prior to effectiveness of the Exchange Offer Registration Statement, provide a supplemental letter
to the Commission (A) stating that the Issuers are conducting the Registered Exchange Offer in reliance on the position of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc.
(pub. avail. June 5, 1991); and (B) including a representation that the Issuers have not entered into any arrangement or understanding with any Person to distribute the Exchange Securities to be received in the Registered Exchange Offer and that, to
the best of the Issuers’ information and belief, each Holder participating in the Registered Exchange Offer is acquiring the Exchange Securities in the ordinary course of business and has no arrangement or understanding with any Person to
participate in the distribution of the Exchange Securities; and 
  
 (vii) comply in all respects with all applicable laws. 
  
 (d) As soon as practicable after the close of the Registered Exchange Offer, the Issuers shall: 
  
 (i) accept for exchange all Securities validly tendered and not validly withdrawn pursuant to the Registered Exchange Offer; 

 
 (ii) deliver to the Trustee for cancellation in
accordance with Section 4(s) hereof all Securities so accepted for exchange; and 
  
 (iii) cause the Trustee promptly to authenticate and deliver to each Holder of Securities a principal amount of Exchange Securities equal
to the principal amount of the Securities of such Holder so accepted for exchange. 
  
 (e) Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder using the Registered Exchange Offer to participate in a distribution of the Exchange Securities (x) could not under Commission
policy as in effect on the date of this Agreement rely on the position of the Commission in Morgan Stanley and Co., Inc. (pub. avail. June 5, 1991) and Exxon Capital Holdings Corporation (pub. avail. May 13, 1988), as interpreted in
the Commission’s letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters; and (y) must comply with the registration and prospectus delivery requirements of the Act in connection with any secondary resale transaction
which must be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K under the Act if the resales are of Exchange Securities obtained by such
Holder in exchange for Securities acquired by such Holder directly from any Issuer or one of its Affiliates. Accordingly, each Holder participating in the Registered Exchange Offer shall be required to represent to the Issuers that, at the time of
the consummation of the Registered Exchange Offer: 
  
 (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business; 
  

 -5- 

 (ii) such Holder will have no arrangement or understanding with any Person to
participate in the distribution of the Securities or the Exchange Securities within the meaning of the Act; and 
  
 (iii) such Holder is not an Affiliate of any Issuer. 
  
 (f) If any Initial Purchaser determines that it is not eligible to participate in the Registered Exchange Offer with respect
to the exchange of Securities constituting any portion of an unsold allotment, at the request of such Initial Purchaser, the Issuers shall issue and deliver to such Initial Purchaser or the Person purchasing Exchange Securities registered under a
Shelf Registration Statement as contemplated by Section 3 hereof from such Initial Purchaser, in exchange for such Securities, a like principal amount of Exchange Securities. The Issuers shall use their reasonable best efforts to cause the same
CUSIP, ISIN and Common Code numbers to be assigned for such Exchange Securities as for Exchange Securities issued pursuant to the Registered Exchange Offer. 
  
 (g) Interest on each Exchange Security shall accrue from the last date on which interest was paid on the Security surrendered in exchange therefor or, if
no interest has been paid on such Security, from the date of such Security’s original issue. 
  
 3. Shelf Registration. (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Issuers
determine upon advice of their outside counsel that they are not permitted to effect the Registered Exchange Offer as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not consummated within 240 days after
the date of the original issuance of the Securities; or (iii) prior to the 20th day following the consummation of the Registered Exchange Offer (x) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged
for Exchange Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer, (y) any Holder notifies the Company that it is not or was not eligible to participate in the Registered
Exchange Offer or (z) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Securities pursuant to Section 2(f) hereof, such Initial Purchaser notifies the Company that it will not or did not
receive freely tradeable Exchange Securities in exchange for Securities constituting any portion of an unsold allotment (it being understood that (A) the requirement that an Initial Purchaser deliver a Prospectus containing the information required
by Item 507 or 508 of Regulation S-K under the Act in connection with sales of Exchange Securities acquired in exchange for such Securities shall result in such Exchange Securities being not “freely tradeable”; and (B) the requirement that
an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Securities acquired in the Registered Exchange Offer in exchange for Securities acquired as a result of market-making activities or other trading activities shall not
result in such Exchange Securities being not “freely tradeable”), the Issuers shall effect a Shelf Registration in accordance with Section 3(b) hereof. 
  
 (b) (i) The Issuers shall as promptly as practicable (but in no event more than 60 days after so required or requested
pursuant to this Section 3), file with the Commission, and thereafter shall use their reasonable best efforts to cause to be declared effective under the Act within 120 days after so required or requested pursuant to this Section 3, a Shelf
Registration Statement relating to the offer and sale of the Securities or the Exchange Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such
Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to
be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to Exchange Securities received by an Initial Purchaser in exchange for Securities constituting any portion of an
unsold allotment, the Issuers may, if permitted by current interpretations by the Commission’s staff, file a post-effective amendment to 
  

 -6- 

 the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K, as
applicable, in satisfaction of their obligations under this subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a
Shelf Registration Statement. 
  
 (ii) The Issuers shall use
their reasonable best efforts to keep the Shelf Registration Statement continuously effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders until the earliest of (x)
the time when all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement can be sold pursuant to Rule 144 under the Act without any limitations under clauses (c), (e), (f) and (h) of Rule 144 under the Act,
(y) two years from the effective date of the Shelf Registration Statement (or until one year from the effective date of the Shelf Registration Statement if the Shelf Registration Statement is filed at the request of an Initial Purchaser) and (z) the
date on which all the Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement (in any such case, such period being called the “Shelf
Registration Period”). The Issuers shall be deemed not to have used their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if any of them voluntarily takes any action that would
reasonably be expected to result in Holders of Securities or Exchange Securities covered thereby not being able to offer and sell such Securities or Exchange Securities during that period, unless (A) such action is required by applicable law; or (B)
such action is taken by such Issuer in good faith and for valid business reasons (not including avoidance of its obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuers thereafter comply with the
requirements of Section 4(k) hereof, if applicable. 
  
 (iii) The
Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such amendment or supplement, (A) to comply in all material
respects with the applicable requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
  
 4. Additional Registration Procedures. In connection with any Shelf Registration Statement and, to the extent applicable, any Exchange Offer
Registration Statement, the following provisions shall apply: 
  
 (a) The Issuers shall: 
  
 (i) furnish
to each of you, not less than five Business Days prior to the filing thereof with the Commission, a copy of any Exchange Offer Registration Statement and any Shelf Registration Statement, and each amendment thereof and each amendment or supplement,
if any, to the Prospectus included therein (including all documents incorporated by reference therein after the initial filing) and shall use their reasonable best efforts to reflect in each such document, when so filed with the Commission, such
comments as you reasonably propose; 
  
 (ii) in
the case of an Exchange Offer Registration Statement, to the extent permitted by the Act, include the information set forth in Annex A hereto on the front cover of the Prospectus included in the Exchange Offer Registration Statement, in Annex B
hereto in the forepart of the Exchange Offer Registration Statement in a section setting forth details of the Exchange Offer, in Annex C hereto in the underwriting or plan of distribution section of the Prospectus contained in the Exchange Offer
Registration Statement, and in Annex D hereto in the letter of transmittal delivered pursuant to the Registered Exchange Offer; 
  

 -7- 

 (iii) in the case of an Exchange Offer Registration Statement, if requested by an
Initial Purchaser, include the information required by Item 507 or 508 of Regulation S-K, as applicable, in the Prospectus contained in the Exchange Offer Registration Statement; and 
  
 (iv) in the case of a Shelf Registration Statement, include the names of the Holders that propose to sell
Securities or Exchange Securities pursuant to the Shelf Registration Statement as selling security holders. 
  
 (b) The Issuers shall ensure that: 
  
 (i) any Registration Statement and any amendment thereto and any Prospectus forming part thereof and any amendment or supplement thereto
complies in all material respects with the Act and the rules and regulations thereunder; and 
  
 (ii) any Registration Statement and any amendment thereto does not, when it becomes effective, contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. 
  
 (c) The Issuers shall advise you, the Holders of Securities or Exchange Securities covered by any Shelf Registration Statement and any
Exchanging Dealer under any Exchange Offer Registration Statement that has provided in writing to any Issuer a telephone or facsimile number and address for notices, and, if requested by you or any such Holder or Exchanging Dealer, shall confirm
such advice in writing (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the Issuers shall have remedied the basis for such suspension): 
  
 (i) when a Registration Statement and any amendment thereto
has been filed with the Commission and when the Registration Statement or any post-effective amendment thereto has become effective; 
  
 (ii) of any request by the Commission for any amendment or supplement to the Registration Statement or the Prospectus or for additional
information; 
  
 (iii) of the issuance by the
Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose; 
  
 (iv) of the receipt by any Issuer of any notification with respect to the suspension of the qualification of the securities included
therein for sale in any jurisdiction or the initiation of any proceeding for such purpose; and 
  
 (v) of the happening of any event that requires any change in the Registration Statement or the Prospectus so that, as of such date, the
statements therein are not misleading and do not omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made)
not misleading. 
  

 -8- 

 (d) The Issuers shall use their reasonable best efforts to obtain the withdrawal of any
order suspending the effectiveness of any Registration Statement or the qualification of the securities therein for sale in any jurisdiction at the earliest possible time. 
  
 (e) The Issuers shall furnish to each Holder of Securities or Exchange Securities covered by any Shelf
Registration Statement, without charge, at least one copy of such Shelf Registration Statement and any post-effective amendment thereto, including all material incorporated therein by reference, and, if the Holder so requests in writing, all
exhibits thereto (including exhibits incorporated by reference therein). 
  
 (f) The Issuers shall, during the Shelf Registration Period, deliver to each Holder of Securities or Exchange Securities covered by any Shelf Registration Statement, without charge, as many copies of the Prospectus
(including each preliminary Prospectus) included in such Shelf Registration Statement and any amendment or supplement thereto as such Holder may reasonably request. The Issuers consent to the use of the Prospectus or any amendment or supplement
thereto by each of the selling Holders of securities in connection with the offering and sale of the securities covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
  
 (g) The Issuers shall furnish to each Exchanging Dealer
which so requests, without charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so requests in
writing, all exhibits thereto (including exhibits incorporated by reference therein). 
  
 (h) The Issuers shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and each other Person required to deliver a
Prospectus during the Exchange Offer Registration Period, without charge, as many copies of the Prospectus included in such Exchange Offer Registration Statement and any amendment or supplement thereto as any such Person may reasonably request. The
Issuers consent to the use of the Prospectus or any amendment or supplement thereto by the Initial Purchaser, any Exchanging Dealer and any such other Person that may be required to deliver a Prospectus following the Registered Exchange Offer in
connection with the offering and sale of the Exchange Securities covered by the Prospectus, or any amendment or supplement thereto, included in the Exchange Offer Registration Statement. 
  
 (i) Prior to the Registered Exchange Offer or any other offering of Securities or Exchange Securities
pursuant to any Registration Statement, the Issuers shall arrange, if necessary, for the qualification of the Securities or the Exchange Securities for sale under the laws of such jurisdictions as any Holder shall reasonably request and will
maintain such qualification in effect so long as required; provided that in no event shall any Issuer be obligated to qualify to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to
service of process in suits, other than those arising out of the Initial Placement, the Registered Exchange Offer or any offering pursuant to a Shelf Registration Statement, in any such jurisdiction where it is not then so subject. 
  
 (j) The Issuers shall cooperate with the Holders to
facilitate the timely preparation and delivery of certificates representing Exchange Securities or Securities to be issued or sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in
such names as Holders may request. 
  
 (k) Upon
the occurrence of any event contemplated by subsections (c)(ii) through (v) above, the Issuers shall promptly prepare a post-effective amendment to the applicable Registration Statement or an amendment or supplement to the related Prospectus or file
any other required document 
  

 -9- 

 so that, as thereafter delivered to purchasers of the Securities included therein, the Prospectus will
not include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. In such circumstances, the period of
effectiveness of the Exchange Offer Registration Statement provided for in Section 2 hereof and the Shelf Registration Statement provided for in Section 3(b) hereof shall each be extended by the number of days from and including the date of the
giving of a notice of suspension pursuant to Section 4(c) hereof to and including the date when the Initial Purchasers, the Holders and any known Exchanging Dealer shall have received such amended or supplemented Prospectus pursuant to this Section
4. 
  
 (l) Not later than the effective date of
any Registration Statement, the Issuers shall provide CUSIP, ISIN and Common Code numbers for the Securities or the Exchange Securities, as the case may be, registered under such Registration Statement and provide the Trustee with printed
certificates for such Securities or Exchange Securities, in a form eligible for deposit with the common depository for Euroclear and Clearstream Banking. 
  
 (m) The Company shall comply with all applicable rules and regulations of the Commission and shall make generally available to its
security holders as soon as practicable after the effective date of the applicable Registration Statement an earnings statement satisfying the provisions of Section 11(a) of the Act. 
  
 (n) The Issuers shall cause the Indenture to be qualified under the Trust Indenture Act in a timely manner.

  
 (o) The Company may require each Holder of
securities to be sold pursuant to any Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of such securities as the Company may from time to time reasonably require for inclusion in such
Registration Statement. The Company may exclude from such Shelf Registration Statement the Securities or Exchange Securities of any Holder that fails to furnish such information within a reasonable time after receiving such request. 
  
 (p) In the case of any Shelf Registration Statement, the
Issuers shall enter into such and take all other appropriate actions (including if requested an underwriting agreement in customary form) in order to expedite or facilitate the registration or the disposition of the Securities or Exchange
Securities, and in connection therewith, if an underwriting agreement is entered into, cause the same to contain indemnification provisions and procedures no less favorable than those set forth in Section 6 (or such other provisions and procedures
acceptable to the Majority Holders and the Managing Underwriters, if any, with respect to all parties to be indemnified pursuant to Section 6. 
  
 (q) In the case of any Shelf Registration Statement, the Issuers shall: 
  
 (i) make reasonably available for inspection by a representative for the Holders of Securities or Exchange
Securities to be registered thereunder, which representative shall be selected by the Majority Holders, by the underwriters, if any, participating in any disposition pursuant to such Shelf Registration Statement, and by any attorney, accountant or
other agent for the Holders retained by the Majority Holders or for the underwriters, if any, all relevant financial and other records, pertinent corporate documents and properties of each Issuer and its subsidiaries; 
  

 -10- 

 (ii) cause the officers, directors and employees of each Issuer to supply all relevant
information reasonably requested by the representative for the Holders, by the underwriters, if any, or by any such attorney, accountant or agent in connection with any such Shelf Registration Statement as is customary for similar due diligence
examinations; provided, however, that any information that is designated in writing by any Issuer, in good faith, as confidential at the time of delivery of such information shall be kept confidential by the Holders, the underwriters,
if any, and any such attorney, accountant or agent, unless such disclosure is made in connection with a court proceeding or required by law, or such information becomes available to the public generally or through a third party without an
accompanying obligation of confidentiality; 
  
 (iii) make such representations and warranties to the Holders of Securities or Exchange Securities registered thereunder and the underwriters, if any, in form, substance and scope as are customarily made by issuers to underwriters in
primary underwritten offerings and covering matters including, but not limited to, those set forth in the Purchase Agreement; 
  
 (iv) obtain opinions of counsel to the Issuers (which counsel and opinions (in form, scope and substance) shall be reasonably
satisfactory to the Managing Underwriters, if any, addressed to each selling Holder and the underwriters, if any, covering such matters as are customarily covered in opinions requested in underwritten offerings and such other matters as may be
reasonably requested by such Holders and underwriters; 
  
 (v) obtain “cold comfort” letters from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any Issuer or any subsidiary of
any Issuer or of any business acquired by any Issuer for which financial statements and financial data are, or are required to be, included in the Shelf Registration Statement), addressed to each selling Holder of securities registered thereunder
and the underwriters, if any, in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with primary underwritten offerings; and 
  
 (vi) deliver such documents and certificates as may be
reasonably requested by the Majority Holders and the Managing Underwriters, if any, including those to evidence compliance with Section 4(k) and with any customary conditions contained in the underwriting agreement or other agreement entered into by
the Issuers. 
  
 The actions set forth in clauses (iii), (iv),
(v) and (vi) of this Section 4(q) shall be performed at (A) the effectiveness of such Shelf Registration Statement and each post-effective amendment thereto; and (B) each closing under any underwriting or similar agreement as and to the extent
required thereunder. 
  
 (r) In the case of any
Exchange Offer Registration Statement, upon the request of any Initial Purchaser, the Issuers shall: 
  
 (i) make reasonably available for inspection by the Initial Purchasers, and any attorney, accountant or other agent retained by the
Initial Purchasers, all relevant financial and other records, pertinent corporate documents and properties of the Issuers and their respective subsidiaries; 
  

 -11- 

 (ii) cause the officers, directors and employees of each Issuer to supply all relevant
information reasonably requested by any Initial Purchaser or any attorney, accountant or agent retained by the Initial Purchasers in connection with any such Exchange Offer Registration Statement as is customary for similar due diligence
examinations; provided, however, that any information that is designated in writing by any Issuer, in good faith, as confidential at the time of delivery of such information shall be kept confidential by such Initial Purchaser or any such attorney,
accountant or agent, unless such disclosure is made in connection with a court proceeding or required by law, or such information becomes available to the public generally or through a third party without an accompanying obligation of
confidentiality; 
  
 (iii) make such
representations and warranties to the Initial Purchasers, in form, substance and scope as are customarily made by issuers to underwriters in primary underwritten offerings and covering matters including, but not limited to, those set forth in the
Purchase Agreement; 
  
 (iv) obtain opinions of
counsel to the Issuers (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the Initial Purchasers and their counsel, addressed to the Initial Purchasers, covering such matters as are customarily covered in
opinions requested in underwritten offerings and such other matters as may be reasonably requested by the Initial Purchasers or their counsel; 
  
 (v) obtain “cold comfort” letters from the independent certified public accountants of the Company (and, if necessary, any other
independent certified public accountants of any Issuer or any subsidiary of any Issuer or of any business acquired by any Issuer for which financial statements and financial data are, or are required to be, included in the Exchange Offer
Registration Statement), addressed to the Initial Purchasers, in customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with primary underwritten offerings, or if requested by the
Initial Purchasers or their counsel in lieu of a “cold comfort” letter, an agreed-upon procedures letter under Statement on Auditing Standards No. 35, covering matters requested by the Initial Purchasers or their counsel; and 

 
 (vi) deliver such documents and certificates as may be
reasonably requested by the Initial Purchasers or their counsel, including those to evidence compliance with Section 4(k) and with conditions customarily contained in underwriting agreements. 
  
 The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of
this Section 4(r) shall be performed at the close of the Registered Exchange Offer and the effective date of any post-effective amendment to the Exchange Offer Exchange Offer Registration Statement. 
  
 (s) If a Registered Exchange Offer is to be consummated,
upon delivery of the Securities by Holders to the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities, the Company shall mark, or caused to be marked, on the Securities so exchanged that such
Securities are being canceled in exchange for the Exchange Securities. In no event shall the Securities be marked as paid or otherwise satisfied. 
  
 (t) The Issuers will use their reasonable best efforts (i) if the Securities have been rated prior to the initial sale of such Securities,
to confirm such ratings will apply to the Securities or the 
  

 -12- 

 Exchange Securities, as the case may be, covered by a Exchange Offer Registration Statement; or (ii) if
the Securities were not previously rated, to cause the Securities covered by a Registration Statement to be rated with at least one nationally recognized statistical rating agency, if so requested by Majority Holders with respect to the related
Registration Statement or by any Managing Underwriters. 
  
 (u) In the event that any Broker-Dealer shall underwrite any Securities or Exchange Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within
the meaning of the Conduct Rules of the National Association of Securities Dealers, Inc. (the “Conduct Rules”)) thereof, whether as a Holder or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof,
or otherwise, the Issuers shall assist such Broker-Dealer in complying with the requirements of such Conduct Rules, including, without limitation, by: 
  
 (i) if such Conduct Rules shall so require, engaging a “qualified independent underwriter” (as defined in such Rules) to
participate in the preparation of the Registration Statement, to exercise usual standards of due diligence with respect thereto and, if any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made
through a placement or sales agent, to recommend the yield of such Securities or Exchange Securities; 
  
 (ii) indemnifying any such qualified independent underwriter to the extent of the indemnification of underwriters provided in Section 6
hereof; and 
  
 (iii) providing such information
to such Broker-Dealer as may be required in order for such Broker-Dealer to comply with the requirements of such Conduct Rules. 
  
 (v) The Issuers shall use their reasonable best efforts to take all other steps necessary to effect the registration of the Securities or
the Exchange Securities, as the case may be, covered by a Registration Statement. 
  
 5. Registration Expenses. The Issuers shall bear all expenses incurred in connection with the performance of their obligations under Sections 2, 3 and 4 hereof and, in the event of any Shelf Registration
Statement, will reimburse the Holders for the reasonable fees and disbursements of one firm or counsel designated by the Majority Holders to act as counsel for the Holders in connection therewith, and, in the case of any Exchange Offer Registration
Statement, will reimburse the Initial Purchasers for the reasonable fees and disbursements of counsel acting in connection therewith. 
  
 6. Indemnification and Contribution. (a) The Issuers (other than the Company) jointly and severally agree, and the Company severally agrees, to
indemnify and hold harmless each Holder of Securities or Exchange Securities, as the case may be, covered by any Registration Statement (including each Initial Purchaser and each Affiliate thereof and, with respect to any Prospectus delivery as
contemplated in Section 4(h) hereof, each Exchanging Dealer), the directors, officers, employees and agents of each such Holder and each person who controls any such Holder within the meaning of either the Act or the Exchange Act against any and all
losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other 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 the Registration Statement as originally filed or in any amendment
thereof, or in any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, 
  

 -13- 

 and to reimburse each such indemnified party, as incurred, for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the Issuers will not be liable in any case to the extent that any such loss, claim, damage or liability arises out of
or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Company by or on behalf of any such Holder specifically
for inclusion therein; provided, further, that with respect to any untrue statement or omission of material fact made in any preliminary Prospectus, the indemnity agreement contained in this Section 6 shall not inure to the benefit of
any Holder from whom the Person asserting any such loss, claim, damage or liability purchased such Securities or Exchange Securities, as the case may be, to the extent that any such loss, claim, damage or liability of such Holder occurs under the
circumstance where it shall have been determined by a court of competent jurisdiction by final and nonappealable judgment that (w) the Company had previously furnished copies of the Prospectus to such Holder, (x) delivery of the Prospectus was
required by the Act to be made to such Person, (y) the untrue statement or omission of a material fact contained in the preliminary Prospectus was corrected in the Prospectus and (z) there was not sent or given to such Person, at or prior to the
written confirmation of the sale of such securities to such Person, a copy of the Prospectus. This indemnity agreement will be in addition to any liability which the Issuers may otherwise have. 
  
 The Issuers (other than the Company) also jointly and severally agree, and
the Company severally agrees, to indemnify or contribute as provided in Section 6(d) to Losses of each underwriter of Securities or Exchange Securities, as the case may be, registered under a Shelf Registration Statement, their directors, officers,
employees or agents and each person who controls such underwriter on substantially the same basis as that of the indemnification of the Initial Purchasers and the selling Holders provided in this Section 6(a) and shall, if requested by any Holder,
enter into an underwriting agreement reflecting such agreement, as provided in Section 4(p) hereof. 
  
 (b) Each Holder of securities covered by a Registration Statement (including each Initial Purchaser and each Affiliate thereof and, with respect to any
Prospectus delivery as contemplated in Section 4(h) hereof, each Exchanging Dealer) severally and not jointly agrees to indemnify and hold harmless the Issuers, each of their respective directors, each of their respective officers who signs such
Registration Statement, and each person who controls any Issuer within the meaning of either the Act or the Exchange Act, to the same extent as the foregoing indemnity from the Issuers to each such Holder, but only with reference to written
information relating to such Holder furnished to the Issuers by or on behalf of such Holder specifically for inclusion in the documents referred to in the foregoing indemnity. This indemnity agreement will be in addition to any liability which any
such Holder may otherwise have. 
  
 (c) Promptly after receipt by
an indemnified party under this Section 6 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 6, notify the indemnifying party in
writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under paragraph (a) or (b) above unless and to the extent it did not otherwise learn of such action and such failure
results in the forfeiture by the indemnifying party of substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided
in paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel of the indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party in any action for which indemnification is
sought (in which case the indemnifying party shall not thereafter be responsible for the fees and expenses of any separate counsel retained by the indemnified party or parties except as set forth below); provided, however, that such
counsel shall be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel to represent the indemnified party in an action, the indemnified party shall have the right to employ
separate counsel (including local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the 
  

 -14- 

 indemnifying party to represent the indemnified party would present such counsel with a conflict of interest; (ii) the
actual or potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other
indemnified parties which are different from or additional to those available to the indemnifying party; (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party
within a reasonable time after notice of the institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. An indemnifying party will not,
without the prior written consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding. An indemnifying party shall not be liable under this Section 6 to any indemnified party regarding any settlement or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such
settlement, compromise or consent is consented to by such indemnifying party, which consent shall not be unreasonably withheld. 
  
 (d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 6 is unavailable to or insufficient to hold harmless an indemnified
party for any reason, then each applicable indemnifying party shall have a joint and several obligation (other than the Company, who shall have a several obligation) to contribute to the aggregate losses, claims, damages and liabilities (including
legal or other expenses reasonably incurred in connection with investigating or defending same) (collectively “Losses”) to which such indemnified party may be subject in such proportion as is appropriate to reflect the relative
benefits received by such indemnifying party, on the one hand, and such indemnified party, on the other hand, from the Initial Placement and the Registration Statement which resulted in such Losses; provided, however, that in no case
shall the Initial Purchaser or any subsequent Holder of any Security or Exchange Security be responsible, in the aggregate, for any amount in excess of the purchase discount or commission applicable to such Security, or in the case of an Exchange
Security, applicable to the Security that was exchangeable into such Exchange Security, as set forth on the cover page of the Final Memorandum, nor shall any underwriter be responsible for any amount in excess of the underwriting discount or
commission applicable to the securities purchased by such underwriter under the Registration Statement which resulted in such Losses. If the allocation provided by the immediately preceding sentence is unavailable for any reason, the indemnifying
party and the indemnified party shall contribute in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of such indemnifying party, on the one hand, and such indemnified party, on the other hand,
in connection with the statements or omissions which resulted in such Losses as well as any other relevant equitable considerations. Benefits received by the Issuers shall be deemed to be equal to the sum of (x) the total net proceeds from the
Initial Placement (before deducting expenses) as set forth on the cover page of the Final Memorandum and (y) the total amount of additional interest which the Issuers were not required to pay as a result of registering the securities covered by the
Registration Statement which resulted in such Losses. Benefits received by the Initial Purchasers shall be deemed to be equal to the total purchase discounts and commissions as set forth on the cover page of the Final Memorandum, and benefits
received by any other Holders shall be deemed to be equal to the value of receiving Securities or Exchange Securities, as applicable, registered under the Act. Benefits received by any underwriter shall be deemed to be equal to the total
underwriting discounts and commissions, as set forth on the cover page of the Prospectus forming a part of the Registration Statement which resulted in such Losses. Relative fault shall be determined by reference to, among other things, whether any
untrue or alleged untrue statement of or omission or alleged omission to state a material fact relates to information provided by the indemnifying party, on the one hand, or by the indemnified party, on the other hand, the intent of the parties and
their relative knowledge, access to information and opportunity to correct or prevent such untrue statement or omission. The parties agree that it would not be just and equitable if contribution were determined by pro rata 
  

 -15- 

 allocation (even if the Holders were treated as one entity for such purpose) or any other method of allocation which does
not take account of the equitable considerations referred to above. Notwithstanding the provisions of this paragraph (d), no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent misrepresentation. For purposes of this Section 6, each person who controls a Holder within the meaning of either the Act or the Exchange Act and each director, officer, employee and
agent of such Holder shall have the same rights to contribution as such Holder, and each person who controls any Issuer within the meaning of either the Act or the Exchange Act, each officer of any Issuer who shall have signed the Registration
Statement and each director of any Issuer shall have the same rights to contribution as the Issuers, subject in each case to the applicable terms and conditions of this paragraph (d). 
  
 (e) The provisions of this Section 6 will remain in full force and effect, regardless of any investigation made by or on
behalf of any Holder or the Issuers or any of the officers, directors or controlling Persons referred to in this Section 6 hereof, and will survive the sale by a Holder of securities covered by a Registration Statement. 
  
 7. Underwritten Registrations. (a) If any of the Securities or
Exchange Securities, as the case may be, covered by any Shelf Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall be selected by the Majority Holders. 
  
 (b) No Person may participate in any underwritten offering pursuant to any
Shelf Registration Statement, unless such Person (i) agrees to sell such Person’s Securities or Exchange Securities, as the case may be, on the basis reasonably provided in any underwriting arrangements approved by the Persons entitled
hereunder to approve such arrangements; and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements.

  
 8. No Inconsistent Agreements. No Issuer has, as of the
date hereof, entered into, nor shall it, on or after the date hereof, enter into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof.

  
 9. Amendments and Waivers. The provisions of this
Agreement, including the provisions of this sentence, may not be amended, qualified, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Issuers have obtained the written consent of
the Majority Holders; provided that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Issuers shall obtain the written consent of each Initial Purchaser against which such amendment,
qualification, supplement, waiver or consent is to be effective. Notwithstanding the foregoing (except the foregoing proviso), a waiver or consent to departure from the provisions hereof with respect to a matter that relates exclusively to the
rights of Holders whose Securities or Exchange Securities, as the case may be, are being sold pursuant to a Registration Statement and that does not directly or indirectly affect the rights of other Holders may be given by the Majority Holders,
determined on the basis of Securities or Exchange Securities, as the case may be, being sold rather than registered under such Registration Statement. 
  
 10. Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail,
telex, telecopier or air courier guaranteeing overnight delivery: 
  
 (a) if to a Holder, at the most current address given by such holder to the Issuers in accordance with the provisions of this Section 10, which address initially is, with respect to each Holder, the address of such
Holder maintained by the Registrar under the Indenture, with a copy in like manner to Citigroup Global Markets Inc.; 
  

 -16- 

 (b) if to you, initially at the respective addresses set forth in the Purchase Agreement;
and 
  
 (c) if to the Issuers, initially at their
address set forth in the Purchase Agreement. 
  
 All such notices
and communications shall be deemed to have been duly given when received. 
  
 The Initial Purchasers or the Issuers by notice to the other parties may designate additional or different addresses for subsequent notices or communications. 
  
 11. Successors. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties hereto, including, without the need for an express assignment or any consent by the Issuers thereto, subsequent Holders of Securities and the Exchange Securities. The Issuers hereby
agree to extend the benefits of this Agreement to any Holder of Securities or the Exchange Securities, and any such Holder may specifically enforce the provisions of this Agreement as if an original party hereto. 
  
 12. Counterparts. This Agreement may be in signed counterparts, each
of which shall an original and all of which together shall constitute one and the same agreement. 
  
 13. Headings. The headings used herein are for convenience only and shall not affect the construction hereof. 
  
 14. Applicable Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts made and to be performed in the State of New York. 
  
 15. Severability. In the event that any one of more of the provisions contained herein, or the application thereof in any circumstances, is held
invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired or affected thereby, it
being intended that all of the rights and privileges of the parties shall be enforceable to the fullest extent permitted by law. 
  
 16. Securities Held by the Issuers, etc. Whenever the consent or approval of Holders of a specified percentage of principal amount of Securities or
Exchange Securities is required hereunder, Securities or Exchange Securities, as applicable, held by any Issuers or its Affiliates (other than subsequent Holders of Securities or Exchange Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or Exchange Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
  
 17. Agent for Service; Submission to Jurisdiction; Waiver of
Immunities. By the execution and delivery of this Agreement, each Issuer (i) acknowledges that such Issuer has, by separate written instrument, irrevocably designated and appointed CT Corporation System (“CT”) (and any successor
entity) as its authorized agent upon which process may be served in any suit or proceeding arising out of or relating to this Agreement, the Securities or the Exchange Securities that may be instituted in any federal or state court in the State of
New York or brought under Federal or state securities laws, and acknowledges that CT has accepted such designation, (ii) submits to the jurisdiction of any such court in any such suit or proceeding and (iii) agrees that service of process upon CT
and written notices of said service to such Issuer in accordance with Section 10 hereof shall be deemed effective service of process upon such Issuer in any such suit or proceeding. Each Issuer 
  

 -17- 

 further agrees to take any reasonable action, including the execution and filing of any and all such documents and
instruments, as may be necessary to continue such designation and appointment of CT in full force and effect so long as any of the Securities shall be outstanding; provided, however, that such Issuer may, by written notice to the
Representatives, designate such additional or alternative agent for service of process under this Section 17 that (i) maintains an office located in the Borough of Manhattan, City of New York in the State of New York and (ii) is either (x) counsel
for such Issuer or (y) a corporate service company which acts as agent for service of process for other persons in the ordinary course of its business. Such written notice shall identify the name of such agent for process and the address of the
office of such agent for process in the Borough of Manhattan, City of New York, State of New York. 
  
 To the extent that any Issuer has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process with respect to itself or
its property, it hereby irrevocably waives such immunity in respect of its obligations under each of this Agreement, the Securities and the Exchange Securities. In addition, each Issuer irrevocably waives and agrees not to assert, by way of motion,
as a defense, or otherwise in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of the above-mentioned courts for any reason whatsoever, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue for such suit is improper, or that this Agreement, the Securities or the Exchange Securities or the subject matter hereof or thereof may not be enforced in such courts. 
  
 The Issuers and the Initial Purchasers agree that a final judgment in any
such suit, action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Section 17 shall affect the right of the Trustee to serve legal process in
any other manner permitted by law or affect the right of the Trustee to bring any action or proceeding against any Issuer or its property in the courts of any other jurisdictions. 
  
 18. Judgment Currency. The Issuers, jointly and severally, agree to indemnify and hold harmless each Holder
(including each Initial Purchaser and each Affiliate thereof and, with respect to any Prospectus delivery as contemplated by Section 4(h) hereof, each Exchanging Dealer), the directors, officers, employees and agents of each such Holder and each
person who controls any such Holder within the meaning of either the Act or the Exchange Act against any loss incurred by such indemnified party as a result of any judgment or order being given or made in favor of such indemnified party for any
amount due under this Agreement and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than euros, and as a result of any variation as between (i) the rate of exchange at which the euro
amount is converted into the Judgment Currency for the purpose of such judgment or order and (ii) the spot rate of exchange in The City of New York at which such indemnified party on the date of payment of such judgment or order is able to purchase
euros with the amount of the Judgment Currency actually received by such indemnified party. The foregoing indemnity shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term “spot rate of
exchange” shall include any premiums and costs of exchange payable in connection with the purchase of, or conversion into, euros. 
  

 -18- 

 If the foregoing is in accordance with your understanding of our agreement, please sign and return to us
the enclosed duplicate hereof, whereupon this Agreement and your acceptance shall represent a binding agreement among the Issuers and the several Initial Purchasers. 
  

			
	Very truly yours,
	
	Crown Holdings, Inc.
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Authorized Officer
	
	Attest:
		
	By:	 	 /s/ Rosemary Haselroth

	Name:	 	Rosemary Haselroth
	Title:	 	Assistant Secretary
	
	Crown European Holdings SA
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	GUARANTORS:
	
	United States:
	
	Central States Can Co. of Puerto Rico, Inc.
	CROWN Americas, Inc.
	CROWN Beverage Packaging Puerto Rico, Inc.
	Crown Consultants, Inc.
	Crown Cork & Seal Company (DE), LLC
	Crown Cork & Seal Company, Inc.
	Crown Financial Corporation
	Crown Financial Management, Inc.
	Crown International Holdings, Inc.
	Crown New Delaware Holdings, Inc.
	CROWN Packaging Technology, Inc.
	Foreign Manufacturers Finance Corporation
	NWR, Inc.
	Crown Beverage Packaging, Inc.
	CROWN Cork & Seal USA, Inc.
	CROWN Risdon USA, Inc.
	CROWN Zeller USA, Inc.
	Crown Holdings (PA), LLC
		
	By	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Authorized Officer

			
	Crown Cork & Seal Company (PA), Inc.
		
	By	 	 /s/ Timothy J. Donahue

	Name:	 	Timothy J. Donahue
	Title:	 	Vice President and Treasurer

			
	Belgium:
	
	Crown Verpakking België NV
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	Canada:
	
	889273 Ontario Inc.
		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President and Secretary
	
	CROWN Risdon Canada Inc.
		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President and Secretary
	
	CROWN Zeller Plastic Closures Canada Inc.
		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President and Secretary
	
	Crown Canadian Holdings ULC
		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President Finance and Secretary
	
	 CROWN Metal Packaging Canada LP,
 by its
general partner,
 Crown Metal Packaging Canada Inc.

		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President Finance and Secretary

			
	CROWN Metal Packaging Canada Inc.
		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President Finance and Secretary
	
	 3079939 Nova Scotia Company/
 3079939
Compaignie De La Nouvelle Ecosse

		
	By	 	 /s/ Adrian Cobbold

	Name:	 	Adrian Cobbold
	Title:	 	Vice President and Secretary

			
	France:
	
	CROWN Zeller France SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	Societe de Participations CarnaudMetalbox SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Astra SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Polyflex SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Bevcan France SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	CROWN Emballage France SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	Crown Developpement SAS
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	Germany:
	
	CROWN Verpackungen Deutschland GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	Crown Bender GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Nahrungsmitteldosen Deutschland GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Verschlusse Deutschland GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Specialty Packaging Deutschland GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney

			
	CROWN Nahrungsmitteldosen GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Zeller Deutschland GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Raku GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	CROWN Zeller Engineering GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney
	
	Crown Cork & Seal Deutschland
	Holdings GmbH
		
	By	 	 /s/ Martin Bouchon

	Name:	 	Martin Bouchon
	Title:	 	By Virtue of a Power of Attorney

			
	Mexico:
	
	CROWN Envases Mexico, S.A. de C.V.
		
	By	 	 /s/ Luis Alonso Ruiz Shelley

	Name:	 	Luis Alonso Ruiz Shelley
	Title:	 	Legal Representative
	
	CROWN Zeller Mexico, S.A. de C.V.
		
	By	 	 /s/ Gerardo Orta Gutierrez

	Name:	 	Gerardo Orta Gutierrez
	Title:	 	Attorney in Fact
	
	CROWN Mexican Holdings, S. de R.L. de C.V.
		
	By	 	 /s/ Luis Alonso Ruiz Shelley

	Name:	 	Luis Alonso Ruiz Shelley
	Title:	 	Legal Representative

			
	Switzerland:
	
	Crown Obrist AG (Switzerland)
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Vogel AG
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	United Kingdom:
	
	Crown UK Holdings Limited
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CarnaudMetalbox Overseas Limited
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	Crown Cork & Seal Finance PLC
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Packaging UK PLC
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN UCP plc
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	CarnaudMetalbox Engineering PLC
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Massmould Ltd.
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CROWN Specialty Packaging UK plc
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact
	
	CarnaudMetalbox Group UK Limited
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

			
	CROWN Aerosols UK Limited
		
	By:	 	 /s/ Paul Browett

	Name:	 	Paul Browett
	Title:	 	Attorney-in-Fact

 The foregoing Agreement is hereby confirmed 
 and accepted as of the date first above written. 
  
 Citigroup Global Markets Inc. 
 Lehman Brothers Inc. 
  

			
	By:	 	Citigroup Global Markets Inc.
		
	By:	 	 /s/ Whitner Marshall

	Name:	 	Whitner Marshall
	Title:	 	Director

  
 For themselves and the other several
Initial 
 Purchasers named in Schedule I to the 
 foregoing
Agreement. 

 SCHEDULE I 
  
 Initial Purchasers: 
  
 Citigroup Global Markets Inc. 
 Lehman Brothers Inc. 
 ABN AMRO Incorporated 
 BNP Paribas 
 CALYON 

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

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

 ANNEX C 
  
 Plan of Distribution 
  
 Each Broker-Dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus
in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a Broker-Dealer in connection with resales of Exchange Securities received in exchange for Securities
where such Securities were acquired as a result of market-making activities or other trading activities. The Issuers have agreed that, starting on the Expiration Date and ending on the close of business one year after the Expiration Date, they will
make this Prospectus, as amended or supplemented, available to any Broker-Dealer for use in connection with any such resale. In addition, until             ,
200    , all dealers effecting transactions in the Exchange Securities may be required to deliver a prospectus. 
  
 The Issuers will not receive any proceeds from any sale of Exchange Securities by Brokers-Dealers. Exchange Securities received by Broker-Dealers for
their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the Exchange Securities or a combination of such
methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or through brokers or dealers who may receive
compensation in the form of commissions or concessions from any such Broker-Dealer and/or the purchasers of any such Exchange Securities. Any Broker-Dealer that resells Exchange Securities that were received by it for its own account pursuant to the
Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Act and any profit of any such resale of Exchange Securities and any
commissions or concessions received by any such Persons may be deemed to be underwriting compensation under the Act. The Letter of Transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a Broker-Dealer will not
be deemed to admit that it is an “underwriter” within the meaning of the Act. 
  
 For a period of one year after the Expiration Date, the Issuers will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any Broker-Dealer that requests such
documents in the Letter of Transmittal. The Issuers have agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the holder of the Securities) other than commissions or concessions of any brokers or
dealers and will indemnify the holders of the Securities (including any Broker-Dealers) against certain liabilities, including liabilities under the Act. 
  
 If applicable, add information required by Regulation S-K Items 507 and/or 508. 

 ANNEX D 
  

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

  

			
	Name:	 	  

	Address:	 	  

	 	 	  

  
 If the undersigned is not a
Broker-Dealer, the undersigned represents that it acquired the Exchange Securities in the ordinary course of its business, it is not engaged in, and does not intend to engage in, a distribution of Exchange Securities and it has no arrangements or
understandings with any Person to participate in a distribution of the Exchange Securities. If the undersigned is a Broker-Dealer that will receive Exchange Securities for its own account in exchange for Securities, it represents that the Securities
to be exchanged for Exchange Securities were acquired by it as a result of market-making activities or other trading activities and acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by
so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Act.

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