Document:

AMKR 12.31.14 Ex  10.9

Exhibit 10.9

AMKOR TECHNOLOGY, INC.
AMENDED AND RESTATED 2007 EQUITY INCENTIVE PLAN
STOCK OPTION AWARD AGREEMENT

Unless otherwise defined herein, the terms defined in the Amkor Technology, Inc. Amended and Restated 2007 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Stock Option Award Agreement (the “Award Agreement”).

Participant Name:

Address:

You have been granted an Option to purchase Common Stock of Amkor Technology, Inc. (the “Company”), subject to the terms and conditions of the Plan and this Award Agreement, as follows:

Grant Number

Date of Grant

Vesting Commencement Date    See Vesting Schedule Below

Exercise Price per Share

Total Number of Shares Granted

Type of Option:    ___ Incentive Stock Option       Nonstatutory Stock Option

Term/Expiration Date:

1.    Grant of Option. The Company hereby grants to the individual named in this Award Agreement (the “Participant”) an option (the “Option”) to purchase the number of Shares, as set forth in this Award Agreement, at the exercise price per Share set forth in this Award Agreement (the “Exercise Price”), subject to all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions of the Plan shall prevail.

If designated in the Award Agreement as an Incentive Stock Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option under Section 422 of the Code. However, if this Option is intended to be an Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code Section 422(d) it shall be treated as a Nonstatutory Stock Option (“NSO”).

2.    Vesting Schedule. Except as provided in Section 4 and subject to any acceleration provisions contained in the Plan or set forth below, this Option will become vested and exercisable in accordance with the following schedule. Shares scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting is scheduled to occur:

3.    Termination Period. In the event that Participant ceases to be a Service Provider, the portion of the Option that is not vested as of such date shall be immediately forfeited with no consideration due Participant and the portion of the Option that is vested and exercisable as of the date of such cessation shall remain exercisable (except as otherwise provided below): (x) if Participant ceases to be a Service Provider due to Participant’s resignation for any reason (other than Retirement (as defined in the Plan)) or due to his termination by the Company for any reason, for three (3) months after Participant ceases to be a Service Provider; (y) if Participant ceases to be a Service Provider due to his death or Disability, for twenty-four (24) months after Participant ceases to be a Service Provider; and (z) if Participant ceases to be a Service Provider due to Retirement, for twenty-four (24) months following Participant’s Retirement. If the exercise of the Option following the termination of Participant’s status as a Service Provider (other than upon Participant’s death or Disability) would result in liability under Section 16(b), then the vested portion of the Option will terminate on the earlier of (A) the Term/Expiration Date or (B) the tenth (10th) day after the last date on which such exercise would result in such liability under Section 16(b). If the exercise of the Option following the termination of Participant’s status as a Service Provider (other than upon Participant’s death or Disability) would be prohibited at any time solely because the issuance of Shares would violate the registration requirements under the Securities Act, then the vested portion of the Option will terminate on the earlier of (A) the Term/Expiration Date or (B)  three (3) months after the last day on which the exercise of the Option would be in violation of such registration requirements. Notwithstanding anything contained herein to the contrary, in no event shall this Option be exercised later than the Term/Expiration Date as provided above. In addition, the Option may be subject to earlier termination as provided in Section 16(c) of the Plan.

4.    Administrator Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Option at any time, subject to the terms of the Plan. If so accelerated, such Option will be considered as having vested as of the date specified by the Administrator.

5.    Exercise of Option. This Option is exercisable during its term in accordance with the Vesting Schedule set out in the Award Agreement and the applicable provisions of the Plan and this Award Agreement. This Option is exercisable by completing the transaction through the Company's captive broker assisted transactions via voice response system or the Internet secured transaction system.

The Option shall be deemed to be exercised upon receipt by the Company of a fully executed exercise notice or other form as may be required by the Company (the “Exercise Notice”). The Exercise Notice shall be accompanied by payment of the aggregate Exercise Price as to the number of Shares in respect of which the Option is being exercised (the “Exercised Shares”), together with any applicable tax withholding. No Shares shall be issued pursuant to the exercise of this Option unless such issuance and exercise complies with Applicable Laws.

6.    Method of Payment. Payment of the aggregate Exercise Price shall be by any of the following, or a combination thereof, at the election of Participant:

(a)    Cash;

(b)    Check;

(c)    Consideration received by the Company under a cashless exercise program implemented by the Company in connection with the Plan;

(d)    Surrender of other Shares which have a Fair Market Value on the date of exercise equal to the aggregate Exercise Price of the Exercised Shares, provided that accepting such Shares, in the sole discretion of the Administrator, will not result in any adverse accounting consequences to the Company; or

(e)    Retention by the Company of a number of the Shares otherwise deliverable to the Participant on exercise of the Option having an aggregate Fair Market Value (determined on the date of exercise) equal to the aggregate Exercise Price of the Exercised Shares, unless, in the case of Participants who are not subject to the reporting requirements of Section 16 of the Exchange Act, such right is revoked by the Administrator prior to the time of exercise.

In all events, the aggregate Exercise Price must be paid to the Company within three days after the date of exercise.

7.    Tax Obligations.

(a)    Withholding Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) have been made by Participant with respect to the payment of income, employment and other taxes which the Company determines must be withheld with respect to such exercise. If Participant fails to make satisfactory arrangements for the payment of any required tax withholding obligations hereunder at the time of the Option exercise, Participant acknowledges and agrees that the Company may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. A Participant may satisfy his or her tax withholding obligations by directing the Company to retain a number of the Shares otherwise deliverable to the Participant upon exercise of the Option having an aggregate Fair Market Value (determined on the date of exercise) equal to the minimum withholding taxes due, unless, in the case of Participants who are not subject to the reporting requirements of Section 16 of the Exchange Act, such right is revoked by the Administrator prior to the time of exercise.

(b)    Notice of Disqualifying Disposition of ISO Shares. If the Option granted to Participant herein is an ISO, and if Participant sells or otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (i) the date two (2) years after the Date of Grant or (ii) the date one (1) year after the date of exercise, Participant will immediately notify the Company in writing of such disposition. Participant agrees that Participant may be subject to income tax withholding by the Company on the compensation income recognized by Participant as a result of such disposition.

(c)    Code Section 409A. The Option is intended to comply with, or be exempt from, Code Section 409A and all regulations, guidance, compliance programs and other interpretative authority thereunder, and shall be interpreted in a manner consistent therewith. Notwithstanding anything contained herein to the contrary, in the event the Option is subject to Code Section 409A, the Company may, in its sole discretion and without Participant’s prior consent, amend the Plan and/or the Award Agreement, adopt policies and procedures, or take any other actions as deemed appropriate by the Company to (i) exempt the Option from the application of Code Section 409A, (ii) preserve the intended tax treatment of the Option or (iii) comply with the requirements of Code Section 409A. Notwithstanding anything contained herein to the contrary, in no event shall the Company or any Subsidiary have any liability or obligation to Participant or any other person in the event that the Plan or the Option is not exempt from, or compliant with, Code Section 409A.

8.    Rights as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to such Shares, including voting and receipt of dividends and distributions on such Shares.

9.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE OPTION PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THE OPTION OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR THE SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

10.    Address for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company, in care of its Stock Plan Administrator at Amkor Technology, Inc., 2045 East Innovation Circle, Tempe, Arizona, 85284, or at such other address as the Company may hereafter designate in writing.

11.    Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Participant only by Participant.

12.    Binding Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto (provided that neither the Option nor this Award Agreement may be assigned by Participant).

13.    Additional Conditions to Issuance of Stock. If at any time the Company determines, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions not acceptable to the Company. Assuming such compliance, for income tax purposes the Exercised Shares will be considered transferred to Participant on the date the Option is exercised with respect to such Exercised Shares.

14.    Administrator Authority. The Administrator has the power to interpret the Plan and this Award Agreement and to adopt such rules for the administration, interpretation and application of the Plan and this Award Agreement as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Shares subject to the Option have vested). All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Award Agreement.

15.    Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the Option or the Plan by electronic means or request Participant’s consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.

16.    Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award Agreement.

17.    Agreement Severable. In the event that any provision in this Award Agreement is held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Award Agreement.

18.    Modifications to the Award Agreement. The Plan and this Award Agreement constitute the entire understanding of the parties on the subjects covered herein. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Except as otherwise provided herein or in the Plan, modifications to this Award Agreement can be made only in an express written contract executed by Participant and a duly authorized officer of the Company.

19.    Amendment, Suspension or Termination of the Plan. By accepting this Award, Participant expressly warrants that he or she has received an Option under the Plan, and has received, read and understands the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

20.    Governing Law. This Award Agreement will be governed by the laws of the State of Delaware without giving effect to the conflict of law principles thereof. For purposes of litigating any dispute that arises under this Option or this Award Agreement, the parties hereby submit to and consent to the jurisdiction of the State of Arizona, and agree that such litigation will be conducted solely in the courts of Maricopa County, Arizona, or the federal courts for the United States for the District of Arizona.

21.    Agreement. Participant’s receipt of the Option and this Award Agreement constitutes Participant’s agreement to be bound by the terms and conditions of this Award

Agreement and the Plan. Participant’s signature is not required in order to make this Award Agreement effective.

Optionee:    Amkor Technology, Inc.

By:                     
(Name)            

Date:             Date:debtofferingexhibit41

1    PURCHASE AGREEMENT   $60,000,000   First NBC Bank Holding Company   5.75% Subordinated Notes due 2025      February 18, 2015         Ladies and Gentlemen:   First NBC Bank Holding Company, a Louisiana corporation (the “Company”), agrees   with the several purchasers named in Schedule I hereto (the “Purchasers”) as follows:   1. Issuance of Notes. Subject to the terms and conditions herein contained, the   Company agrees to issue and sell to the Purchasers $60,000,000 in aggregate principal amount of   the Company’s 5.75% Subordinated Notes due 2025 (each a “Subordinated Note” and,   collectively, the “Subordinated Notes”).  The Subordinated Notes are being issued pursuant to an   Indenture (the “Indenture”), dated as of February 18, 2015, between the Company and U.S. Bank   National Association, a national banking association, as trustee (the “Trustee”).   All references in this Purchase Agreement to information that has been “Previously   Disclosed” means information set forth in (i) the Company’s Annual Report on Form 10-K for   the fiscal year ended December 31, 2013, as filed by it with the Securities and Exchange   Commission (“SEC”), (ii) the Company’s Definitive Proxy Statement on Schedule 14A related   to its 2014 Annual Meeting, as filed by it with the SEC, (iii) any Current Report on Form 8-K, as   filed or furnished by the Company with the SEC since January 1, 2014, or (iv) its Quarterly   Reports on Form 10-Q for the periods ending on March 31, 2014, June 30, 2014, and September   30, 2014, as filed by it with the SEC (the foregoing, collectively, the “Company Reports”).   This Purchase Agreement, the Indenture and the Subordinated Notes are collectively   referred to herein as the “Documents,” and the transactions contemplated hereby and thereby are   collectively referred to herein as the “Transactions.”   2. Purchase, Sale and Delivery.    (a) On the basis of the representations, warranties, agreements and covenants   herein contained and subject to the terms and conditions herein set forth, the Company   agrees to issue and sell to each Purchaser, severally and not jointly, and each Purchaser,   severally and not jointly, agrees to purchase from the Company, at a purchase price of   100% of the aggregate principal amount thereof, the aggregate principal amount of the   Subordinated Notes set forth in Schedule I opposite the name of such Purchaser.    Delivery to the Purchasers of, and payment for, the Subordinated Notes will be made at a   closing (the “Closing”) to be held at 10:00 a.m., Austin, Texas time, on February 18,   2015 (the “Closing Date”) at the offices of Fenimore, Kay, Harrison & Ford, LLP, 812   San Antonio Street, Suite 600, Austin, Texas 78701 (or at such other place as will be   reasonably acceptable to the Purchasers).     

 

2    (b) The Company will deliver to the respective Purchasers one or more   certificates representing the Subordinated Notes in definitive form (or provide evidence   of same with the original to be delivered by the Trustee by overnight delivery on the next   calendar day in accordance with the delivery instructions of Purchaser), registered in such   names and denominations as such Purchasers may request, against payment by such   Purchasers of the purchase price therefor by immediately available federal funds bank   wire transfer to such bank account or accounts as the Company will designate to the   Purchasers at least two business days prior to the Closing. The certificates representing   the Subordinated Notes in definitive form will be made available to the Purchasers for   inspection at the offices of Fenimore, Kay, Harrison & Ford, LLP, 812 San Antonio   Street, Suite 600, Austin, Texas 78701 (or such other place as will be reasonably   acceptable to the Purchasers) prior to the Closing.   (c) In conjunction with and as additional (but independent) supporting   evidence for certain of the covenants, representations and warranties made by the   Company herein, at the Closing, the Company will deliver or cause to be delivered to   each Purchaser each of the following, the delivery of which will be a condition to the   Purchaser’s obligation to purchase the Subordinated Notes:    A copy, certified by the Secretary or Assistant Secretary of the   Company, of (1) the articles of incorporation of the Company, (2) the bylaws of   the Company and (3) the resolutions of the Board of Directors of the Company   authorizing the execution, delivery and performance of this Documents;    A good standing certificate of the Company issued by the   Secretary of State of the State of Louisiana;    An incumbency certificate of the Secretary or Assistant Secretary   of the Company certifying the names of the officer or officers of the Company   authorized to sign this Purchase Agreement, the Subordinated Notes and the other   documents provided for in this Purchase Agreement, together with a sample of the   true signature of each such officer (a Purchaser may conclusively rely on such   certificate until formally advised by a like certificate of any changes therein);    The opinion of Fenimore, Kay, Harrison & Ford, LLP, counsel to   the Company, dated as of the Closing Date, substantially in the form of Exhibit A   attached hereto and addressed to the Purchasers;     Such other additional information regarding the Company and its   assets, liabilities (including any liabilities arising from, or relating to, legal   proceedings) and contracts as a Purchaser may reasonably request; and    Such other certificates, affidavits, schedules, resolutions or notes   as are provided for hereunder or as a Purchaser may reasonably request.   3. Representations and Warranties of the Company. The Company represents and   warrants to, and agrees with, each Purchaser that, as of the Closing Date:     

 

3    (a) Reporting Compliance.  The Company is subject to, and is in compliance   in all material respects with, the reporting requirements of Section 13 and Section 15(d),   as applicable, of the Securities Exchange Act of 1934, as amended, and the rules and   regulations of the SEC thereunder (collectively, the “Exchange Act ”). The Company   Reports, at the time they were or hereafter are filed with the SEC, complied in all   material respects with the requirements of the Exchange Act and did not and do not   include any untrue statement of a material fact or omit to state a material fact necessary to   make the statements therein, in the light of the circumstances under which they were   made, not misleading.   (b) Preparation of Financial Statements.  The audited consolidated financial   statements and related notes and supporting schedules of the Company and the   Subsidiaries (as defined in Section 3(e)) contained in the Company Reports, as   applicable, (the “Financial Statements”) present fairly in accordance with generally   accepted accounting principles of the United States, applied on a consistent basis   throughout the periods involved (“GAAP”), in all material respects, the financial   position, results of operations and cash flows of the Company and its consolidated   Subsidiaries, as of the respective dates and for the respective periods to which they apply   and have been prepared in accordance with GAAP and the requirements of Regulation S-   X. The unaudited as adjusted financial information and related notes and supporting   schedules of the Company and the Subsidiaries contained in the Company Reports, as   applicable, have been prepared in accordance with the requirements of Regulation S-X   and have been properly presented on the basis described therein, and give effect to   assumptions used in the preparation thereof that are on a reasonable basis and in good   faith and the adjustments used therein are appropriate to give effect to the transactions   and circumstances referred to therein. All other financial, statistical and market and   industry data and forward-looking statements (within the meaning of Section 27A of the   Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the   Exchange Act) contained in the Company Reports are fairly and accurately presented, in   all material respects, are based on or derived from sources that the Company believes to   be reliable and accurate and are presented on a reasonable basis. To the extent applicable,   all disclosures contained in the Company Reports regarding “non-GAAP financial   measures” (as such term is defined by the SEC’s rules and regulations) comply in all   materials respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K   under the Exchange Act, as applicable.   (c) Disclosure Controls and Procedures. The Company and the Subsidiaries   maintain an effective system of “disclosure controls and procedures” (as defined in Rule   13a-15(e) of the Exchange Act) that is designed to ensure that material information   required to be disclosed by the Company in reports that it files or submits under the   Exchange Act is reported within the time periods specified in the SEC’s rules and forms,   including controls and procedures designed to ensure that such information is made   known to the Company’s management as appropriate in the period in which such reports   are prepared. The Company and the Subsidiaries have carried out evaluations of the   effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of   the Exchange Act. The statements relating to disclosure controls and procedures made by   the principal executive officers (or their equivalents) and principal financial officers (or     

 

4    their equivalents) of the Company in the certifications required by the Sarbanes-Oxley   Act of 2002 and the rules and regulations promulgated in connection therewith (the   “Sarbanes-Oxley Act ”) are complete and correct.   (d) No Material Adverse Change.  Subsequent to the respective dates as of   which information is contained in the Company Reports, except as Previously Disclosed,   (i) neither the Company nor any of the Subsidiaries has incurred any liabilities, direct or   contingent, including without limitation any losses or interference with its business from   fire, explosion, flood, earthquakes, accident or other calamity, whether or not covered by   insurance, or from any strike, labor dispute or court or governmental action, order or   decree, that are material, individually or in the aggregate, to the Company and the   Subsidiaries, taken as a whole, or has entered into any transactions not in the ordinary   course of business, (ii) there has not been any material decrease in the capital stock or   any material increase in any short-term or long-term indebtedness of the Company or the   Subsidiaries, or any payment of or declaration to pay any dividends or any other   distribution with respect to the Company, and (iii) there has not been any material   adverse change in the properties, business, operations, earnings, assets, liabilities or   condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole   (each of clauses (i), (ii) and (iii), a “Material Adverse Change”).   (e) Subsidiaries. Each of the Company’s subsidiaries that is a “significant   subsidiary” as defined in Rule 1-02 of Regulation S-X (each a “Subsidiary” and   collectively, the “Subsidiaries”) is listed on Schedule II attached hereto.   (f) Incorporation and Good Standing of the Company and its Subsidiaries.   The Company and each of the Subsidiaries (i) has been duly organized or formed, as the   case may be, is validly existing and is in good standing under the laws of its jurisdiction   of organization, (ii) has all requisite power and authority to carry on its business and to   own, lease and operate its properties and assets as described in Company Reports and (iii)   is duly qualified or licensed to do business and is in good standing as a foreign   corporation, partnership or other entity as the case may be, authorized to do business in   each jurisdiction in which the nature of such businesses or the ownership or leasing of   such properties requires such qualification, except where the failure to be so qualified   would not, individually or in the aggregate, have a material adverse effect on (1) the   properties, business, operations, earnings, assets, liabilities or condition (financial or   otherwise) of the Company and the Subsidiaries, taken as a whole, (2) the ability of the   Company or any Subsidiary to perform its obligations in all material respects under any   Document, (3) the validity or enforceability of any of the Documents, or (4) the   consummation of any of the Transactions (each, a “Material Adverse Effect”). The   Company is registered as a bank holding company under the Bank Holding Company Act   of 1956, as amended. First NBC Bank (the “Bank”) is a Louisiana state bank and is   validly existing and in good standing under the laws of the State of Louisiana. The   deposit accounts of the Bank are insured up to the applicable limits by the Deposit   Insurance Fund of the Federal Deposit Insurance Corporation (the “FDIC”) to the fullest   extent permitted by law and the rules and regulations of the FDIC, and no proceeding for   the revocation or termination of such insurance has been instituted or is pending or, to the   knowledge of the Company, is threatened or contemplated.     

 

5    (g) Capitalization and Other Capital Stock Matters. All of the issued and   outstanding shares of capital stock of the Company and each of the Subsidiaries have   been duly authorized and validly issued, are fully paid and nonassessable and were not   issued in violation of, and are not subject to, any preemptive or similar rights. All of the   outstanding shares of capital stock or other equity interests of each of the Subsidiaries are   owned, directly or indirectly, by the Company, free and clear of all liens, security   interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or   encumbrances of any kind (collectively, “Liens”), other than those imposed by the   Securities Act and the securities or “Blue Sky” laws of certain U.S. state jurisdictions.    (h) Legal Power and Authority. The Company has all necessary power and   authority to execute, deliver and perform its obligations under the Documents to which it   is a party and to consummate the Transactions.   (i) The Purchase Agreement and the Indenture. This Purchase Agreement has   been duly and validly authorized, executed and delivered by the Company. The Indenture   has been duly and validly authorized by the Company. The Indenture, when executed and   delivered by the Company and the Trustee, will constitute a legal, valid and binding   obligation of the Company, enforceable against the Company in accordance with its   terms, except that the enforcement thereof may be subject to (i) bankruptcy, insolvency,   reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or   other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii)   general principles of equity (whether applied by a court of law or equity) and the   discretion of the court before which any proceeding therefor may be brought.   (j) Notes. The Subordinated Notes have been duly and validly authorized by   the Company and when issued and delivered to and paid for by the Purchasers in   accordance with the terms of this Purchase Agreement and the Indenture, will have been   duly executed, authenticated, issued and delivered and will constitute legal, valid and   binding obligations of the Company, entitled to the benefit of the Indenture, and   enforceable against the Company in accordance with their terms, except that the   enforcement thereof may be subject to (i) bankruptcy, insolvency, reorganization,   receivership, moratorium, fraudulent conveyance, fraudulent transfer or other similar   laws now or hereafter in effect relating to creditors’ rights generally and (ii) general   principles of equity (whether applied by a court of law or equity) and the discretion of the   court before which any proceeding therefor may be brought. When executed and   delivered, the Subordinated Notes will be substantially in the form contemplated by the   Indenture.   (k) Compliance with Existing Instruments.  Neither the Company nor any of   the Subsidiaries is (i) in violation of its certificate of incorporation, bylaws or other   organizational documents (the “Charter Documents”); (ii) in violation of any U.S.   federal, state or local statute, law (including, without limitation, common law) or   ordinance, or any judgment, decree, rule, regulation, order or injunction (collectively,   “Applicable Law”) of any U.S. federal, state, local or other governmental or regulatory   authority, governmental or regulatory agency or body, court, arbitrator or self-regulatory   organization (each, a “Governmental Authority”), applicable to any of them or any of     

 

6    their respective properties; or (iii) in breach of or default under any material bond,   debenture, note, loan or other evidence of indebtedness, indenture, mortgage, deed of   trust, lease or any other agreement or instrument (in each case, excluding deposits) to   which any of them is a party or by which any of them or their respective property is   bound (collectively, the “Applicable Agreements”), except, in the case of clauses (ii) and   (iii) for such violations, breaches or defaults that would not, individually or in the   aggregate, reasonably be expected to have a Material Adverse Effect.     (l) No Conflicts. Neither the execution, delivery or performance of the   Documents nor the consummation of any of the Transactions will conflict with, violate,   constitute a breach of or a default (with the passage of time or otherwise) or a Debt   Repayment Triggering Event (as defined below) under, or result in the imposition of a   Lien on any assets of the Company or any of the Subsidiaries, the imposition of any   penalty or a Debt Repayment Triggering Event under or pursuant to (i) the Charter   Documents, (ii) any Applicable Agreement, (iii) any Applicable Law or (iv) any order,   writ, judgment, injunction, decree, determination or award binding upon or affecting the   Company.  “Debt Repayment Triggering Event” means any event or condition that gives,   or with the giving of notice or lapse of time would give, the holder of any note, debenture   or other evidence of indebtedness (or any person acting on such holder’s behalf) the right   to require the repurchase, redemption or repayment of all or a portion of such   indebtedness by the Company or any of the Subsidiaries or any of their respective   properties.   (m) No Consents.  No governmental orders, permissions, consents, approvals   or authorizations are required to be obtained by the Company that have not been   obtained, and no registrations or declarations are required to be filed by the Company in   connection with, or, contemplation of, the execution and delivery of, and performance   under, the Documents that have not been filed, except for applicable requirements, if any,   of the Securities Act, the Exchange Act, state securities or blue sky laws and any   applicable federal or state banking laws and regulations.   (n) No Material Applicable Laws or Proceedings. (i) No Applicable Law has   been enacted, adopted or issued, (ii) no stop order suspending the qualification or   exemption from qualification of any of the Subordinated Notes in any jurisdiction has   been issued and no proceeding for that purpose has been commenced or, to the   Company’s knowledge, after due inquiry, is pending or contemplated as of the Closing   Date and (iii) except as Previously Disclosed, there is no action, claim, suit, demand,   hearing, notice of violation or deficiency, or proceeding pending or, to the knowledge of   the Company or any of the Subsidiaries, after due inquiry, threatened or contemplated by   Governmental Authorities or threatened by others that, with respect to clauses (i), (ii) and   (iii) of this paragraph (A) would, as of the date hereof, restrain, enjoin, prevent or   interfere with the consummation of the Transactions or (B) would, individually or in the   aggregate, have a Material Adverse Effect.   (o) All Necessary Permits. Each of the Company and the Subsidiaries possess   all licenses, permits, certificates, consents, orders, approvals and other authorizations   from, and has made all declarations and filings with, all Governmental Authorities,     

 

7    presently required or necessary to own or lease, as the case may be, and to operate its   properties and to carry on its businesses as now or proposed to be conducted as described   in the Company Reports (“Permits”), except where the failure to possess such Permits   would not, individually or in the aggregate, have a Material Adverse Effect; each of the   Company and the Subsidiaries has fulfilled and performed all of its obligations with   respect to such Permits; no event has occurred which allows, or after notice or lapse of   time would allow, revocation or termination of any such Permit or has resulted, or after   notice or lapse of time would result, in any other material impairment of the rights of the   holder of any such Permit; and none of the Company or the Subsidiaries has received or   has any reason to believe it will receive any notice of any proceeding relating to   revocation or modification of any such Permit, except as Previously Disclosed or except   where such revocation or modification would not, individually or in the aggregate, have a   Material Adverse Effect.   (p) Tax Law Compliance.   All income and franchise Tax (as hereinafter   defined) returns required to be filed by the Company and each of the Subsidiaries have   been filed and all such returns are true, complete and correct in all material respects. All   material Taxes that are due from the Company and the Subsidiaries have been paid other   than those (i) currently payable without penalty or interest or (ii) being contested in good   faith and by appropriate proceedings and for which adequate accruals have been   established in accordance with GAAP. To the knowledge of the Company, there are no   actual or proposed Tax assessments against the Company or any of the Subsidiaries that   would, individually or in the aggregate, have a Material Adverse Effect. The accruals on   the books and records of the Company and the Subsidiaries in respect of any material Tax   liability for any period not finally determined are adequate to meet any assessments of   Tax for any such period. For purposes of this Purchase Agreement, the term “Tax” and   “Taxes” will mean all U.S. and non-U.S. federal, state and local taxes, and other   assessments of a similar nature (whether imposed directly or through withholding),   including any interest, additions to tax or penalties applicable thereto.   (q) Intellectual Property Rights. Each of the Company and the Subsidiaries   owns, or is licensed under, and has the right to use, all patents, patent rights, licenses,   inventions, copyrights, know-how (including trade secrets and other unpatented and/or   unpatentable proprietary or confidential information, systems or procedures), trademarks,   service marks, domain names and trade names (collectively, “Intellectual Property”)   necessary for the conduct of its businesses, except for those that would not have a   Material Adverse Effect, and, as of the Closing Date, the Intellectual Property will be free   and clear of all Liens. The Company is not a party to, or bound by, any options, licenses   or agreements with respect to the intellectual property rights of any other person or entity   that are necessary to be described in the Company Reports, no claims or notices of any   potential claim have been asserted by any person challenging the use of any such   Intellectual Property by the Company or any of the Subsidiaries or questioning the   validity or effectiveness of any Intellectual Property or any license or agreement related   thereto, other than any claims that, if successful, would not, individually or in the   aggregate, have a Material Adverse Effect. None of the Intellectual Property used by the   Company or any of the Subsidiaries has been obtained or is used by the Company or any   of the Subsidiaries in violation of any contractual obligation binding on the Company or     

 

8    any of the Subsidiaries or, to the Company or any of the Subsidiaries’ knowledge, its   officers, directors or employees or otherwise in violation of the rights of any person.   (r) Compliance with Environmental Laws. Each of the Company and the   Subsidiaries is (i) in compliance with any and all applicable U.S. federal, state and local   laws and regulations relating to the protection of human health and safety, or the   pollution or the protection of the environment  or hazardous  or toxic  substances of   wastes,  pollutants or  contaminants (“Environmental Laws”), (ii) has received and is in   compliance with all permits, licenses or other approvals required of them under   applicable Environmental Laws to conduct its respective businesses and (iii) has not   received notice of, and is not aware of, any actual or potential liability for damages to   natural resources or the investigation or remediation of any disposal, release or existence   of hazardous or toxic substances or wastes, pollutants or contaminants, in each case   except where such non-compliance with Environmental Laws, failure to receive and   comply with required permits, licenses or other approvals, or liability would not,   individually or  in the aggregate, have a Material Adverse Effect.   (s) Insurance. Each of the Company and the Subsidiaries are insured by   insurers of recognized financial responsibility against such losses and risks and in such   amounts as are prudent and customary in the businesses in which they are engaged.   Neither the Company nor any such Subsidiary has been refused any insurance coverage   sought or applied for, and neither the Company nor any such Subsidiary has any reason to   believe that it will not be able to renew its existing insurance coverage as and when such   coverage expires or to obtain similar coverage from similar insurers as may be necessary   to continue its business at a cost that would not, individually or in the aggregate, have a   Material Adverse Effect.   (t) Accounting System. The Company and each of the Subsidiaries make and   keep accurate books and records and maintain a system of internal accounting controls   and procedures sufficient to provide reasonable assurance that (i) transactions are   executed in accordance with management’s general or specific authorization, (ii)   transactions are recorded as necessary to permit preparation of financial statements in   conformity with GAAP, and to maintain asset accountability, (iii) access to assets is   permitted only in accordance with management’s general or specific authorization and   (iv) the recorded accountability for assets is compared with the existing assets at   reasonable intervals and appropriate action is taken with respect to any material   differences.   (u) Investment Company Act. Neither the Company nor any of its Subsidiaries   is an “investment company” that is required to be registered under the Investment   Company Act of 1940, as amended, and the rules and regulations of the SEC thereunder.   (v) No Brokers.  Neither the Company nor any of its affiliates is under any   obligation to pay any broker’s fee or commission or finder’s fee in connection with the   Transactions, other than commissions or fees to Sandler, O’Neill & Partners, L.P. and   Keefe, Bruyette & Woods, Inc., as placement agents (the “Placement Agents”).     

 

9    (w) Solvency.  After giving effect to the consummation of the transactions   contemplated by this Purchase Agreement, the Company has capital sufficient to carry on   its business and transactions and all businesses and transactions in which it is about to   engage and is solvent and able to pay its debts as they mature. No transfer of property is   being made and no indebtedness is being incurred in connection with the transactions   contemplated by this Purchase Agreement with the intent to hinder, delay or defraud   either present or future creditors of the Company, Bank or any other Subsidiary.   (x) Foreign Corrupt Practices Act.  None of the Company or any Subsidiary,   nor, to the knowledge of the Company or any Subsidiary, any director, officer, employee,   agent or other person acting on behalf of the Company or any Subsidiary has, in the   course of its actions for, or on behalf of, the Company or any Subsidiary (i) used any   corporate funds for any unlawful contribution, gift, entertainment or other unlawful   expenses relating to political activity; (ii) made any direct or indirect unlawful payment   to any domestic government official, “foreign official” (as defined in the U.S. Foreign   Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder   (collectively, the “FCPA”)   or   employee   from   corporate   funds; (iii) violated or is in   violation of any provision of the FCPA; or (iv) made any unlawful bribe, rebate, payoff,   influence payment, kickback or other unlawful payment to any domestic government   official, such foreign official or employee.   (y) Regulatory Matters. The Company and its Subsidiaries are in compliance   in all material respects with all laws administered by and regulations of any   Governmental Authority applicable to it or to them, the failure to comply with which   would have a Material Adverse Effect.  Except as Previously Disclosed, neither the   Company nor any of the Subsidiaries is subject or is party to, or has received any notice   or advice that any of them may become subject or party to any investigation with respect   to, any corrective, suspension or cease-and-desist order, agreement, consent agreement,   memorandum of understanding or other regulatory enforcement action, proceeding or   order with or by, or is a party to any commitment letter or similar undertaking to, or is   subject to any directive by, or has been a recipient of any supervisory letter from, or has   adopted any board resolutions at the request of, any Regulatory Agency (as defined   below) that currently restricts in any material respect the conduct of their business, that in   any manner relates to their capital adequacy, or that in any material respect relates to   credit policies or management (each, a “Regulatory Agreement”), nor has the Company   or any of the Subsidiaries been advised by any Regulatory Agency that it is considering   issuing or requesting any such Regulatory Agreement. There is no unresolved violation,   criticism or exception by any Regulatory Agency with respect to any report or statement   relating to any examinations of the Company or any of the Subsidiaries which, in the   reasonable judgment of the Company, is expected to result in a Material Adverse Effect.   As used herein, the term “Regulatory Agency” means any federal or state agency charged   with the supervision or regulation of depositary institutions or holding companies of   depositary institutions, or engaged in the insurance of depositary institution deposits, or   any court, administrative agency or commission or other Governmental Authority having   supervisory or regulatory authority with respect to the Company or any of the   Subsidiaries.     

 

10    (z) Derivative Financial Instruments. Any and all material swaps, caps,   floors, futures, forward contracts, option agreements (other than stock options issued to   the Company’s employees, directors, agents or consultants) and other derivative financial   instruments, contracts or arrangements, whether entered into for the account of the   Company or one of the Subsidiaries or for the account of a customer of the Company or   one of the Subsidiaries, were entered into in the ordinary course of business and in   accordance with Applicable Laws, rules, regulations and policies of all applicable   regulatory agencies and with counterparties believed by the Company to be financially   responsible at the time. The Company and each of the Subsidiaries have duly performed   in all material respects all of their obligations thereunder to the extent that such   obligations to perform have accrued, and there are no breaches, violations or defaults or   allegations or assertions of such by any party thereunder which would, singly or in the   aggregate, reasonably be expected to result in a Material Adverse Effect.   4. Representations and Warranties of the Purchasers. Each Purchaser represents and   warrants to the Company, severally and not jointly, as follows:   (a) Legal Power and Authority. The Purchaser has all necessary power and   authority to execute, deliver and perform its obligations under the Documents and to   consummate the Transactions.   (b) Authorization and Execution. This Purchase Agreement has been duly and   validly authorized, executed and delivered by the Purchaser.   (c) No Conflicts. Neither the execution, delivery or performance of the   Documents nor the consummation of any of the Transactions will conflict with, violate,   constitute a breach of or a default (with the passage of time or otherwise) under (i) any   agreement to which the Purchaser is a party, (ii) any Applicable Law or (iii) any order,   writ, judgment, injunction, decree, determination or award binding upon or affecting the   Purchaser.   (d) Investment. The Purchaser is acquiring the Subordinated Notes for   investment for its own account and not with a view to, or for resale in connection with,   any distribution thereof, and such Purchaser has no present intention of selling or   distributing the Subordinated Notes.  The Purchaser does not have any contract,   undertaking, agreement or arrangement with any person or entity to sell, transfer or grant   participation to such person or entity or to any third person or entity with respect to the   Subordinated Notes other than as set forth in this Purchase Agreement.   (e) Knowledge and Experience.    The Purchaser has substantial experience in evaluating and   investing in private placement transactions of securities in companies similar to   the Company such that the Purchaser is capable of evaluating the merits and risks   of its investment in the Company and has the capacity to protect its own interests   in connection with such an investment. The Purchaser is an “accredited investor”   as defined in Rule 501 of Regulation D promulgated under the Securities Act. The     

 

11    Purchaser is able to bear the economic risk of holding the Subordinated Notes   indefinitely, or losing its entire investment in the Company, which is not   disproportionate to the Purchaser’s net worth.    The Purchaser acknowledges that such Purchaser and its advisors   have been furnished with all materials relating to the business, finances and   operations of the Company that have been requested by such Purchaser or its   advisors and has been given the opportunity to ask questions of, and to receive   answers from, persons acting on behalf of the Company concerning terms and   conditions of the transactions contemplated by this Purchase Agreement in order   to make an informed and voluntary decision to enter into such Agreement.   Notwithstanding the foregoing, such Purchaser acknowledges that, at the request   of such Purchaser, the Company has not disclosed or provided any material   nonpublic information in its possession to such Purchaser and that,   notwithstanding the withholding of any such material nonpublic information by   the Company at the request of such Purchaser, such Purchaser desire to enter into   this Purchase Agreement and the Transactions. Such Purchaser acknowledges that   it has reviewed the materials posted in the Company’s online data room, including   the risk factors and the Company Reports.    The Purchaser has made its own investment decision based upon   its own judgment, due diligence and advice from such advisers as it has deemed   necessary and not upon any view expressed by any other person or entity,   including, without limitation, the Placement Agents.  Neither such inquiries nor   any other due diligence investigations conducted by such Purchaser or its advisors   or representatives, if any, will modify, amend or affect the Purchaser’s right to   rely on the Company’s representations and warranties contained herein. The   Purchaser is not relying upon, and has not relied upon, any advice, statement,   representation or warranty made by any person or entity by or on behalf of the   Company, including, without limitation, the Placement Agents, except for the   express statements, representations and warranties of the Company made or   contained in this Purchase Agreement. Furthermore, the Purchaser acknowledges   that: (i) the Placement Agents have not performed any due diligence review on   behalf of the Purchaser; (ii) nothing in this Purchase Agreement or any other   materials presented by or on behalf of the Company to the Purchaser in   connection with the purchase of the Subordinated Notes constitutes legal, tax or   investment advice and such Purchaser has consulted such legal, tax and   investment advisors as it, in its sole discretion, has deemed necessary or   appropriate in connection with its purchase of the Subordinated Notes; and (iii)   the Purchaser received or had access to all of the information such Purchaser   deemed necessary in order to make its decision to invest in the Subordinated   Notes. The Placement Agents and their respective affiliates (and their respective   officers, directors, employees, agents, advisors, attorneys and consultants) are   third-party beneficiaries to this Section 4.    Private Placement; No Registration of Securities.  The Purchaser   understands and acknowledges that the Subordinated Notes are being sold by the     

 

12    Company without registration under the Securities Act in reliance on the   exemption from federal and state registration set forth in, respectively, Rule   506(b) of Regulation D promulgated under Section 4(a)(2) of the Securities Act   and Section 18 of the Securities Act, or any state securities laws, and accordingly,   may be resold, pledged or otherwise transferred only if exemptions from the   Securities Act and applicable state securities laws are available to it.    No Offering Memorandum.  The Purchaser acknowledges that: (i)   the Company is not providing the Purchasers with the written disclosures that   would be required if the offer and sale of the Subordinated Notes were registered   under the Securities Act, nor are the Purchasers being provided with any offering   circular or prospectus prepared in connection with the offer and sale of the   Subordinated Notes; (ii) the Purchaser has conducted its own examination of the   Company and its Subsidiaries and the terms of the Subordinated Notes to the   extent it deems necessary to make its decision to purchase the Subordinated   Notes; and (iii) the Purchaser has availed itself of access to financial and other   information concerning the Company and its Subsidiaries to the extent it deems   necessary to make its decision to purchase the Subordinated Notes.    Placement Agent.  The Purchaser will purchase the Subordinated   Note(s) directly from the Company and not from the Placement Agents and   understands that neither the Placement Agents nor any other broker or dealer has   any obligation to make a market in the Subordinated Notes.    Accuracy of Representations.  The Purchaser understands that each   of the Placement Agent and the Company is relying upon the truth and accuracy   of the foregoing representations, acknowledgements and agreements in   connection with the transactions contemplated by this Purchase Agreement.    Confidential Investor Questionnaire. Purchaser hereby represents   and warrants that the information about the Purchaser set forth in the Confidential   Investor Questionnaire delivered to the Company together with this Purchase   Agreement is true, correct and complete in all respects. The Purchaser covenants   that prior to the Closing Date it will promptly notify the Company of any material   changes to the information set forth in such Confidential Investor Questionnaire.   5. Covenants.   (a) Registration.  Subject to the terms and conditions of this Purchase   Agreement, the Company covenants and agrees to provide to the Purchasers with the   registration rights as described in Exhibit B to this Purchase Agreement.   (b) Payment of Expenses. Whether or not the Transactions are consummated,   the Company agrees to pay (i) all costs, expenses, fees and taxes incident to and in   connection with the negotiation, printing, processing and distribution (including, without   limitation, word processing and duplication costs) and delivery of, each of the   Documents, and the preparation, issuance and delivery of the Subordinated Notes, (ii) all     

 

13    fees and expenses of the counsel, accountants and any other experts or advisors retained   by the Company, (iii) all fees charged by rating agencies in connection with the rating of   the Subordinated Notes, and (iv) all fees and expenses (including reasonable fees and   expenses of counsel) of the Trustee.   (c) Transaction Documents. The parties agree to do and perform all things   required to be done and performed under the Documents after the Closing Date.   6. Miscellaneous.   (a) Notices. Notices given pursuant to any provision of this Purchase   Agreement will be addressed as follows: (i) if to the Company, to: First NBC Bank   Holding Company, 210 Baronne Street, New Orleans, Louisiana 70112, Attention:   Ashton J. Ryan, Jr., with a copy to: Fenimore, Kay, Harrison & Ford, LLP, 812 San   Antonio Street, Suite 600, Austin, Texas 78701, Attention: Geoffrey S. Kay, and (ii) if to   the Purchasers, to their respective addresses listed in Schedule I (or in any case to such   other address as the person to be notified may have requested in writing).   (b) Beneficiaries. This Purchase Agreement is made for the sole benefit of   Company and the Purchasers, and no other person will be deemed to have any privity of   contract hereunder nor any right to rely hereon to any extent or for any purpose   whatsoever, nor will any other person have any right of action of any kind hereon or be   deemed to be a third party beneficiary hereunder; provided, that the Placement Agents   may rely on the representations and warranties contained herein to the same extent as if it   were a party to this Purchase Agreement.  The term “successors and assigns” will not   include a purchaser of any of the Subordinated Notes from any Purchaser merely because   of such purchase.   (c) Governing Law; Waiver of Jury Trial. This Purchase Agreement will be   governed by, and construed in accordance with, the laws of the State of Texas, without   regard to conflicts of law principles.  TO THE EXTENT PERMITTED UNDER   APPLICABLE LAW, EACH OF THE COMPANY AND EACH PURCHASER   KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT   THAT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION ARISING IN   ANY WAY IN CONNECTION WITH THIS AGREEMENT OR THE   SUBORDINATED NOTES, OR ANY OTHER STATEMENTS OR ACTIONS OF THE   COMPANY OR PURCHASERS.  THE COMPANY AND EACH PURCHASER   ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED IN THE SIGNING OF   THIS AGREEMENT AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT   LEGAL COUNSEL SELECTED OF ITS OWN FREE WILL.     (d) Entire Agreement; Counterparts. This Purchase Agreement constitutes the   entire agreement of the parties to this Purchase Agreement and supersedes all prior   written or oral and all contemporaneous oral agreements, understandings and negotiations   with respect to the subject matter hereof..  This Purchase Agreement may be executed by   facsimile and in any number of counterparts and by different parties hereto in separate   counterparts, each of which when so executed and delivered will be deemed to be an     

 

14    original and all of which taken together will constitute but one and the same instrument.    In the event that any signature is delivered by facsimile transmission, or by e-mail   delivery of a “.pdf” format data file, such signature will create a valid and binding   obligation of the party executing (or on whose behalf such signature is executed) with the   same force and effect as if such signature page were an original thereof.   (e) Headings. The headings in this Purchase Agreement are for convenience   of reference only and will not limit or otherwise affect the meaning hereof.   (f) Severability. If any term, provision, covenant or restriction of this   Purchase Agreement is held by a court of  competent jurisdiction to be invalid,  illegal,   void or unenforceable, the remainder of the terms, provisions, covenants and restrictions   set forth herein will remain in full force and effect and will in no way be affected,   impaired or invalidated, and the parties hereto will use their reasonable best efforts to   find and employ an alternative means to achieve the same or substantially  the  same    result  as  that  contemplated  by such term,  provision,  covenant  or restriction.   (g) Amendment. This Purchase Agreement may be amended, modified or   supplemented, and waivers or consents to departures from the provisions hereof may be   given, provided that the same is executed by the Company and such Purchasers as may   intend to be bound by such amendment, modification, supplement, waiver or consent;   provided, however, that no such amendment, modification, supplement, waiver or   consent will be effective against any such Purchaser who fails to so execute.     

 

      [COMPANY SIGNATURE PAGE]      IN WITNESS WHEREOF, the Company has caused this Purchase Agreement to be   executed by its duly authorized representative as of the date first above written.           FIRST NBC BANK HOLDING COMPANY                  By:                  Ashton J. Ryan, Jr.          President and Chief Executive Officer            

 

      [PURCHASER SIGNATURE PAGE]      IN WITNESS WHEREOF, the Purchaser has caused this Purchase Agreement to be   executed by its duly authorized representative as of the date first above written.           [                                                         ]                  By:                 Name:                Title:                      

 

      EXHIBIT A   OPINION OF COUNSEL   1. Each of the Company and the Bank (i) has been organized or formed, as the case   may be, is validly existing and is in good standing under the laws of its jurisdiction of   organization, (ii) has all requisite power and authority to carry on its business and to own, lease   and operate its properties and assets as described in Company Reports and (iii) is duly qualified   or licensed to do business and is in good standing as a foreign corporation, partnership or other   entity as the case may be, authorized to do business in each jurisdiction in which the nature of   such businesses or the ownership or leasing of such properties requires such qualification, except   where the failure to be so qualified would not, individually or in the aggregate, have a Material   Adverse Effect.   2. The Company has all necessary power and authority to execute, deliver and   perform its obligations under the Documents to which it is a party and to consummate the   Transactions.   3. The Purchase Agreement has been duly and validly authorized, executed and   delivered by the Company. The Indenture has been duly and validly authorized by the Company.   The Indenture, when executed and delivered by the Company and the Trustee, will constitute a   legal, valid and binding obligation of the Company, enforceable against the Company in   accordance with its terms, except that the enforcement thereof may be subject to (i) bankruptcy,   insolvency, reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer   or other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii)   general principles of equity (whether applied by a court of law or equity) and the discretion of   the court before which any proceeding therefor may be brought.   4. The Subordinated Notes have been duly and validly authorized by the Company   and when issued and delivered to and paid for by the Purchasers in accordance with the terms of   this Purchase Agreement and the Indenture, will have been duly executed, authenticated, issued   and delivered and will constitute legal, valid and binding obligations of the Company, entitled to   the benefit of the Indenture, and enforceable against the Company in accordance with their   terms, except that the enforcement thereof may be subject to (i) bankruptcy, insolvency,   reorganization, receivership, moratorium, fraudulent conveyance, fraudulent transfer or other   similar laws now or hereafter in effect relating to creditors’ rights generally and (ii) general   principles of equity (whether applied by a court of law or equity) and the discretion of the court   before which any proceeding therefor may be brought.   5. Assuming the accuracy of the representations of each of the Purchasers set forth   in the Purchase Agreement, the Subordinated Notes to be issued and sold by the Company to the   Purchasers pursuant to the Purchase Agreement will be issued in a transaction exempt from the   registration requirements of the Securities Act.         

 

      EXHIBIT B   REGISTRATION RIGHTS PROVISIONS         

 

      1. Definitions.  All capitalized terms not otherwise defined in this Exhibit B have the   meanings assigned to them in the Purchase Agreement:   “Additional Interest” is defined in Section 2(e) of these Registration Rights Provisions.   “Business Day” means any day other than a Saturday, Sunday or other day on which   banking institutions in the City of Houston, Texas are authorized or obligated by law, regulation   or executive order to close.   “Depositary” means U.S. Bank National Association, or any other depositary appointed   by the Company, including any agent thereof; provided, however, that any such depositary must   at all times have an address in City of Houston, Texas or the City of New York, New York.   “Event Date” is defined in Section 2(e) of these Registration Rights Provisions.   “Exchange Offer” means the exchange offer by the Company of Exchange Securities for   Registrable Securities under Section 2(a) of these Registration Rights Provisions.   “Exchange Offer Registration” means a registration under the Securities Act effected in   accordance with Section 2(a) of these Registration Rights Provisions.   “Exchange Offer Registration Statement” means an exchange offer registration statement   on Form S-4 (or, if applicable, on another appropriate form) covering the Registrable Securities,   and all amendments and supplements to such registration statement, in each case including the   Prospectus contained therein, all exhibits thereto and all material incorporated or deemed to be   incorporated by reference therein.   “Exchange Securities” means the 5.75% Subordinated Notes due 2025 issued by the   Company under the Indenture containing terms identical to the Subordinated Notes issued as of   February 18, 2015 under the Purchase Agreement (except that (i) interest thereon will accrue   from the last date to which interest has been paid or duly provided for on the Subordinated Notes   or, if no such interest has been paid or duly provided for, from the Interest Accrual Date, (ii)   provisions relating to an increase in the stated rate of interest thereon upon the occurrence of a   Registration Default will be eliminated, (iii) the transfer restrictions and legends relating to   restrictions on ownership and transfer thereof as a result of the issuance of the Subordinated   Notes without registration under the Securities Act will be eliminated, (iv) the denominations   thereof will be $1,000 and integral multiples of $1,000) and (v) all of the Exchange Securities   will be represented by one or more global Exchange Securities in book-entry form unless   exchanged for Exchange Securities in definitive certificated form.   “FINRA” means the Financial Industry Regulatory Authority, Inc.   “Holders” means the Purchasers, for so long as they own any Registrable Securities, and   each of their respective successors, assigns and direct and indirect transferees who become   registered owners of Registrable Securities in accordance with the Indenture.   “Interest Accrual Date” means February 18, 2015.     

 

      “Majority Holders” means the Holders of a majority in aggregate principal amount of   Registrable Securities outstanding; provided that whenever the consent or approval of Holders of   a specified percentage of Registrable Securities or Exchange Securities is required hereunder,   Registrable Securities and Exchange Securities held by the Company or any of its affiliates (as   such term is defined in Rule 405 under the Securities Act) will be disregarded in determining   whether such consent or approval was given by the Holders of such required percentage.   “Notifying Broker-Dealer” is defined in Section 3(f) of these Registration Rights   Provisions.   “Participating Broker-Dealer” is defined in Section 3(f) of these Registration Rights   Provisions.   “Person” means an individual, partnership, joint venture, limited liability company,   corporation, trust or unincorporated organization, or a government or agency or political   subdivision thereof.   “Prospectus” means the prospectus included in a Registration Statement, including any   preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus   supplement, including a prospectus supplement with respect to the terms of the offering of any   portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other   amendments and supplements to a prospectus, including post-effective amendments, and in each   case including all material incorporated or deemed to be incorporated by reference therein.   “Registrable Securities” means the Subordinated Notes; provided, however, that any   Subordinated Notes will cease to be Registrable Securities when (i) a Registration Statement   with respect to such Subordinated Notes has been declared effective under the Securities Act and   such Subordinated Notes have been disposed of in accordance with such Registration Statement,   (ii) such Subordinated Notes have been sold to the public in accordance with Rule 144 (or any   similar provision then in force, but not Rule 144A) under the Securities Act, (iii) such   Subordinated Notes have ceased to be outstanding, or (iv) such Subordinated Notes have been   exchanged for Exchange Securities which have been registered under the Exchange Offer   Registration Statement upon consummation of the Exchange Offer unless, in the case of any   Exchange Securities referred to in this clause (iv), such Exchange Securities are held by   Participating Broker-Dealers or otherwise are not freely tradable without any limitations or   restrictions under the Securities Act (in which case such Exchange Securities will be deemed to   be Registrable Securities until such time as such Exchange Securities are sold to a purchaser in   whose hands such Exchange Securities are freely tradable without any limitations or restrictions   under the Securities Act).   “Registration Default” is defined in Section 2(e) of these Registration Rights Provisions.   “Registration Expenses” means any and all expenses incident to performance of or   compliance by the Company with these Registration Rights Provisions, including without   limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and   expenses incurred in connection with compliance with state or other securities or blue sky laws   and compliance with the rules of FINRA (including reasonable fees and disbursements of     

 

      counsel for any underwriters or Holders in connection with qualification of any of the Exchange   Securities or Registrable Securities under state or other securities or blue sky laws and any filing   with and review by FINRA), (iii) all expenses of any Persons in preparing, printing and   distributing any Registration Statement, any Prospectus, any amendments or supplements   thereto, any underwriting agreements, securities sales agreements, certificates representing the   Subordinated Notes, or Exchange Securities and other documents relating to the performance of   and compliance with these Registration Rights Provisions, (iv) all rating agency fees, (v) all fees   and expenses incurred in connection with the listing, if any, of any of the Subordinated Notes or   Exchange Securities on any securities exchange or exchanges or on any quotation system, (vi) all   fees and disbursements relating to the qualification of the Indenture under applicable securities   laws, (vii) the fees and disbursements of counsel for the Company and the fees and expenses of   independent public accountants for the Company or for any other Person, business or assets   whose financial statements are included in any Registration Statement or Prospectus, including   the expenses of any special audits or “cold comfort” letters required by or incident to such   performance and compliance, and (viii) the fees and expenses of the Trustee, any registrar, any   depositary, any paying agent, any escrow agent or any custodian, in each case including fees and   disbursements of their respective counsel.   “Registration Rights Provisions” means the rights and obligations contained in this   Exhibit B.   “Registration Statement” means any registration statement of the Company relating to   any offering of the Exchange Securities or Registrable Securities in accordance with the   provisions of this Agreement (including, without limitation, any Exchange Offer Registration   Statement and any Shelf Registration Statement), and all amendments and supplements to any   such Registration Statement, including post-effective amendments, in each case including the   Prospectus contained therein, all exhibits thereto and all material incorporated or deemed to be   incorporated by reference therein.   “Shelf Registration” means a registration effected in accordance with Section 2(b) of   these Registration Rights Provisions.   “Shelf Registration Statement” means a “shelf” registration statement of the Company in   accordance with the provisions of Section 2(b) of this Agreement which covers all of the   Registrable Securities on an appropriate form under Rule 415 under the Securities Act, or any   similar rule that may be adopted by the SEC, and all amendments and supplements to such   registration statement, including post-effective amendments, in each case including the   Prospectus contained therein, all exhibits thereto and all material incorporated or deemed to be   incorporated by reference therein.   “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended from time to   time, and the rules and regulations of the SEC promulgated thereunder.   For purposes of these Registration Rights Provisions, (i) all references to any Registration   Statement, preliminary prospectus or Prospectus or any amendment or supplement to any of the   foregoing will be deemed to include the copy filed with the SEC in accordance with its   Electronic Data Gathering, Analysis and Retrieval system; (ii) all references to financial     

 

      statements and schedules and other information which are “contained,” “included” or “stated” in   any Registration Statement, preliminary prospectus or Prospectus (or other references of like   import) will be deemed to mean and include all such financial statements and schedules and   other information which is incorporated or deemed to be incorporated by reference in such   Registration Statement, preliminary prospectus or Prospectus, as the case may be; (iii) all   references to amendments or supplements to any Registration Statement, preliminary prospectus   or Prospectus will be deemed to mean and include the filing of any document under the   Exchange Act which is incorporated or deemed to be incorporated by reference in such   Registration Statement, preliminary prospectus or Prospectus, as the case may be; (iv) all   references to Rule 144, Rule 144A, Rule 405 or Rule 415 under the Securities Act, and all   references to any sections or subsections thereof or terms defined therein, will in each case   include any successor provisions thereto; and (v) all references to days (but not to Business   Days) means calendar days.   2. Registration Under the Securities Act.   (a) Exchange Offer Registration.  The Company will file with the SEC on or   prior to the 60th day after the Closing Date an Exchange Offer Registration Statement   covering the offer by the Company to the Holders to exchange all of the Registrable   Securities for a like aggregate principal amount of Exchange Securities (“Exchange   Offer”), use its reasonable best efforts to cause such Exchange Offer Registration   Statement to be declared effective by the SEC no later than the 120th day after the   Closing Date, use its reasonable best efforts to cause such Registration Statement to   remain effective until the closing of the Exchange Offer and use its reasonable best   efforts to consummate the Exchange Offer no later than 45 days after the effective date of   the Exchange Offer Registration Statement.  Upon the effectiveness of the Exchange   Offer Registration Statement, the Company will promptly commence the Exchange   Offer, it being the objective of such Exchange Offer to enable each Holder eligible and   electing to exchange Registrable Securities for Exchange Securities (assuming that such   Holder is not an affiliate of the Company within the meaning of Rule 405 under the   Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s   business and has no arrangements or understandings with any Person to participate in the   Exchange Offer for the purpose of distributing such Exchange Securities) to trade such   Exchange Securities from and after their receipt without any limitations or restrictions   under the Securities Act or under the securities or blue sky laws of the states of the   United States.   In connection with the Exchange Offer, the Company will promptly 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; keep   the Exchange Offer open for not less than 20 Business Days (or longer if required by   applicable law) after the date notice thereof is mailed to the Holders and, during the   Exchange Offer, offer to all Holders who are legally eligible to participate in the   Exchange Offer the opportunity to exchange their Registrable Securities for Exchange   Securities; use the services of a depositary with an address in the City of Houston, Texas   or the City of New York, New York for the Exchange Offer; permit Holders to withdraw   tendered Registrable Securities at any time prior to the close of business, Houston, Texas     

 

      time, on the last Business Day on which the Exchange Offer will remain open, by   sending to the institution specified in the Prospectus or the related letter of transmittal or   related documents a facsimile transmission or letter setting forth the name of such   Holder, the principal amount of Registrable Securities delivered for exchange, and a   statement that such Holder is withdrawing its election to have such Subordinated Notes   exchanged; notify each Holder that any Registrable Security not tendered will remain   outstanding and continue to accrue interest, but will not retain any rights under these   Registration Rights Provisions (except in the case of the Participating Broker-Dealers as   provided herein); and otherwise comply in all material respects with all applicable laws   relating to the Exchange Offer.   The Exchange Securities will be issued under the Indenture, which will be   qualified under the Trust Indenture Act.   As soon as practicable after the close of the Exchange Offer, the Company will   accept for exchange all Registrable Securities duly tendered and not validly withdrawn in   accordance with the Exchange Offer in accordance with the terms of the Exchange Offer   Registration Statement and the letter of transmittal which is an exhibit thereto; deliver, or   cause to be delivered, to the Trustee for cancellation all Registrable Securities so   accepted for exchange by the Company; and cause the Trustee promptly to authenticate   and deliver Exchange Securities to each Holder of Registrable Securities so accepted for   exchange equal in principal amount to the principal amount of the Registrable Securities   of such Holder so accepted for exchange.   Interest on each Exchange Security will accrue from the last date on which   interest was paid or duly provided for on the Subordinated Notes surrendered in exchange   therefor or, if no interest has been paid or duly provided for on such Securities, from the   Interest Accrual Date.  The Exchange Offer will not be subject to any conditions, other   than that the Exchange Offer, or the making of any exchange by a Holder, does not   violate any applicable law or any applicable interpretation of the staff of the SEC; that no   action or proceeding will have been instituted or threatened in any court or by or before   any governmental agency with respect to the Exchange Offer which, in the Company’s   judgment, would reasonably be expected to impair the ability of the Company to proceed   with the Exchange Offer; and that the Holders tender the Registrable Securities to the   Company in accordance with the Exchange Offer.  Each Holder of Registrable Securities   (other than Participating Broker-Dealers) who wishes to exchange such Registrable   Securities for Exchange Securities in the Exchange Offer will be required to represent   that it is not an affiliate (as defined in Rule 405 under the Securities Act) of the   Company; any Exchange Securities to be received by it will be acquired in the ordinary   course of business; and it has no arrangement with any Person to participate in the   distribution (within the meaning of the Securities Act) of the Exchange Securities, and   will be required to make such other representations as may be reasonably necessary under   applicable SEC rules, regulations or interpretations to render the use of Form S-4 or   another appropriate form under the Securities Act available.   (b) Shelf Registration.  (i) If, because of any change in law or applicable   interpretations thereof by the staff of the SEC, the Company is not permitted to effect the     

 

      Exchange Offer as contemplated by Section 2(a) of these Registration Rights Provisions   or (ii) if for any other reason the Exchange Offer Registration Statement is not declared   effective within 180 days following the Closing Date or the Exchange Offer is not   consummated within 45 days after effectiveness of the Exchange Offer Registration   Statement (provided that if the Exchange Offer Registration Statement is declared   effective after such 180-day period or if the Exchange Offer is consummated after such   45-day period, then the Company’s obligations under this clause (ii) arising from the   failure of the Exchange Offer Registration Statement to be declared effective within such   180-day period or the failure of the Exchange Offer to be consummated within such 45-   day period, respectively, will terminate), or (iii) if any Holder (other than a Participating   Broker) is not eligible to participate in the Exchange Offer or elects to participate in the   Exchange Offer but does not receive Exchange Securities that are freely tradable without   any limitations or restrictions under the Securities Act, the Company will, at its cost:   (A) as promptly as practicable, but no later than the 210th day after the   Closing Date or the 60th day after any such filing obligation arises, whichever is   later, file with the SEC a Shelf Registration Statement relating to the offer and   sale of the Registrable Securities by the Holders from time to time in accordance   with the methods of distribution elected by the Majority Holders of such   Registrable Securities and set forth in such Shelf Registration Statement;   (B) use its reasonable best efforts to cause such Shelf Registration   Statement to be declared effective by the SEC as promptly as practicable, but in   no event later than the 255th day after the Closing Date.  In the event that the   Company is required to file a Shelf Registration Statement under clause (iii)   above, the Company will file and use its reasonable best efforts to have declared   effective by the SEC both an Exchange Offer Registration Statement under   Section 2(a) with respect to all Registrable Securities and a Shelf Registration   Statement (which may be a combined Registration Statement with the Exchange   Offer Registration Statement) with respect to offers and sales of Registrable   Securities held by such Holder;   (C) use its reasonable best efforts to keep the Shelf Registration   Statement continuously effective, supplemented and amended as required, in   order to permit the Prospectus forming part thereof to be usable by Holders for a   period of two years after the latest date on which any Subordinated Notes are   originally issued by the Company (subject to extension in accordance with the last   paragraph of Section 3) or, if earlier, when all of the Registrable Securities   covered by such Shelf Registration Statement have been sold in accordance with   the Shelf Registration Statement in accordance with the intended method of   distribution thereunder or cease to be Registrable Securities; and   (D) notwithstanding anything to the contrary herein these Registration   Rights Provisions, use its best efforts to ensure that (i) any Shelf Registration   Statement and any amendment thereto and any Prospectus forming a part thereof   and any supplements thereto comply in all material respects with the Securities   Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement     

 

      and any amendment thereto does not, when it becomes effective, contain an   untrue statement of a material fact or omit to state a material fact required to be   stated therein or necessary to make the statements therein not misleading and (iii)   any Prospectus forming part of any Shelf Registration Statement and any   amendment or supplement to such Prospectus does not include an untrue   statement of a material fact or omit to state a material fact necessary in order to   make the statements therein, in the light of the circumstances under which they   were made, not misleading; provided, however, clauses (ii) and (iii) will not apply   to any statement in or omission from a Shelf Registration Statement or a   Prospectus made in reliance upon and conformity with information relating to any   Holder, Participating Broker-Dealer or underwriter of Registrable Securities   furnished to the Company in writing by such Holder, Participating Broker-Dealer   or underwriter, respectively, expressly for use in such Shelf Registration   Statement or Prospectus.   The Company further agrees, if necessary, to supplement or amend the Shelf   Registration Statement if reasonably requested by the Majority Holders with respect to   information relating to the Holders and otherwise as required by Section 3(b) below, to   use its reasonable best efforts to cause any such amendment to become effective and such   Shelf Registration Statement to become usable as soon as practicable thereafter and to   furnish to the Holders of Registrable Securities copies of any such supplement or   amendment promptly after its being used or filed with the SEC.   (c) Expenses.  The Company will pay all Registration Expenses in connection   with any registration under Section 2(a) and 2(b) and, in the case of any Shelf   Registration Statement, will reimburse the Holders for the reasonable fees and   disbursements of one counsel (in addition to any local counsel) designated in writing by   the Majority Holders to act as counsel for the Holders of the Registrable Securities in   connection therewith.  Each Holder will pay all fees and disbursements of its counsel   other than as set forth in the preceding sentence or in the definition of Registration   Expenses and all underwriting discounts and commissions and transfer taxes, if any,   relating to the sale or disposition of such Holder’s Registrable Securities under a Shelf   Registration Statement.   (d) Effective Registration Statement.   (i) The Company will be deemed not to have used its reasonable best   efforts to cause the Exchange Offer Registration Statement or any Shelf   Registration Statement, as the case may be, to become, or to remain, effective   during the requisite periods set forth herein if the Company voluntarily takes any   action that could reasonably be expected to result in any such Registration   Statement not being declared effective or remaining effective or in the Holders of   Registrable Securities (including, under the circumstances contemplated by   Section 3(f) of these Registration Rights Provisions, Exchange Securities) covered   thereby not being able to exchange or offer and sell such Registrable Securities   during that period unless such action is required by applicable law or such action   is taken by the Company in good faith and for valid business reasons (but not     

 

      including avoidance of the Company’s obligations hereunder), including the   acquisition or divestiture of assets or a material corporate transaction or event, so   long as the Company promptly complies with the notification requirements of   Section 3(k) of these Registration Rights Provisions, if applicable.  Nothing in this   paragraph will prevent the accrual of Additional Interest on any Subordinated   Notes or Exchange Securities.   (ii) An Exchange Offer Registration Statement under Section 2(a) of   these Registration Rights Provisions or a Shelf Registration Statement under   Section 2(b) of these Registration Rights Provisions will not be deemed to have   become effective unless it has been declared effective by the SEC; provided,   however, that if, after such Registration Statement has been declared effective, the   offering of Registrable Securities under a Registration Statement is interfered with   by any stop order, injunction or other order or requirement of the SEC or any   other governmental agency or court, such Registration Statement will be deemed   not to have been effective during the period of such interference until the offering   of Registrable Securities under such Registration Statement may legally resume.   (iii) During any 365-day period, the Company may, by notice as   described in Section 3(e), suspend the availability of a Shelf Registration   Statement (and, if the Exchange Offer Registration Statement is being used in   connection with the resale of Exchange Securities by Participating Broker-Dealers   as contemplated by Section 3(f), the Exchange Offer Registration Statement) and   the use of the related Prospectus for up to two periods of up to 45 consecutive   days each (except for the consecutive 45-day period immediately prior to final   maturity of the Subordinated Notes), but no more than an aggregate of 90 days   during any 365-day period, upon the happening of any event or the discovery of   any fact referred to in Section 3(e)(vi) of these Registration Rights Provisions, but   subject to compliance by the Company with its obligations under the last   paragraph of Section 3 of these Registration Rights Provisions.   (e) Increase in Interest Rate.  In the event that:   (i) the Exchange Offer Registration Statement is not filed with the   SEC on or prior to the 90th day following the Closing Date,    (ii) the Exchange Offer Registration Statement is not declared   effective by the SEC on or prior to the 180th day following the Closing Date,    (iii) the Exchange Offer is not consummated on or prior to the 45th day   following the effective date of the Exchange Offer Registration Statement,    (iv) if required, a Shelf Registration Statement is not filed with the SEC   on or prior to the 210th day following the Closing Date or the 60th day after the   filing obligation arises, whichever is later,    (v) if required, a Shelf Registration Statement is not declared effective   on or prior to the 255th day following the Closing Date,      

 

      (vi) a Shelf Registration Statement is declared effective by the SEC but   such Shelf Registration Statement ceases to be effective or such Shelf   Registration Statement or the Prospectus included therein ceases to be usable in   connection with resales of Registrable Securities for any reason and (A) the   aggregate number of days in any consecutive 365-day period for which the Shelf   Registration Statement or such Prospectus will not be effective or usable exceeds   90 days, (B) the Shelf Registration Statement or such Prospectus will not be   effective or usable for more than two periods (regardless of duration) in any   consecutive 365-day period or (C) the Shelf Registration Statement or such   Prospectus will not be effective or usable for a period of more than 45 consecutive   days, or   (vii) the Exchange Offer Registration Statement is declared effective by   the SEC but, if the Exchange Offer Registration Statement is being used in   connection with the resale of Exchange Securities as contemplated by Section 3(f)   of this Agreement, the Exchange Offer Registration Statement ceases to be   effective or the Exchange Offer Registration Statement or the Prospectus included   therein ceases to be usable in connection with resales of Exchange Securities for   any reason during the 180-day period referred to in Section 3(f)(B) of this   Agreement (as such period may be extended under the last paragraph of Section 3   of this Agreement) and (A) the aggregate number of days in any consecutive 365-   day period for which the Exchange Offer Registration Statement or such   Prospectus will not be effective or usable exceeds 90 days, (B) the Exchange   Offer Registration Statement or such Prospectus will not be effective or usable for   more than two periods (regardless of duration) in any consecutive 365-day period   or (C) the Exchange Offer Registration Statement or the Prospectus will not be   effective or usable for a period of more than 45 consecutive days,   (each of the events referred to in clauses (i) through (vii) above being hereinafter called a   “Registration Default”), the per annum interest rate borne by the Registrable Securities   will be increased (“Additional Interest”) by one-quarter of one percent (0.25%) per   annum immediately following such 90-day period in the case of clause (i) above,   immediately following such 180-day period in the case of clause (ii) above, immediately   following such 45-day period in the case of clause (iii) above, immediately following any   such 210-day period or 60-day period, whichever ends later, in the case of clause (iv)   above, immediately following any such 255-day period, in the case of clause (v) above,   immediately following the 90th day in any consecutive 365-day period, as of the first day   of the third period in any consecutive 365-day period or immediately following the 45th   consecutive day, whichever occurs first, that a Shelf Registration Statement will not be   effective or a Shelf Registration Statement or the Prospectus included therein will not be   usable as contemplated by clause (vi) above, or immediately following the 90th day in   any consecutive 365-day period, as of the first day of the third period in any consecutive   365-day period or immediately following the 45th consecutive day, whichever occurs   first, that the Exchange Offer Registration Statement will not be effective or the   Exchange Offer Registration Statement or the Prospectus included therein will not be   usable as contemplated by clause (vii) above, which rate will be increased by an   additional one-quarter of one percent (0.25%) per annum immediately following each 90-    

 

      day period that any Additional Interest continues to accrue under any circumstances;   provided that the aggregate increase in such annual interest rate may in no event exceed   one-half of one percent (0.50%) per annum.  Upon the filing of the Exchange Offer   Registration Statement after the 90-day period described in clause (i) above, the   effectiveness of the Exchange Offer Registration Statement after the 180-day period   described in clause (ii) above, the consummation of the Exchange Offer after the 45-day   period described in clause (iii) above, the filing of the Shelf Registration Statement after   the 210-day period or 60-day period day, as the case may be, described in clause (iv)   above, the effectiveness of a Shelf Registration Statement after the 255-day period or 30-   day period, as the case may be, described in clause (v) above, or the Shelf Registration   Statement once again being effective or the Shelf Registration Statement and the   Prospectus included therein becoming usable in connection with resales of Registrable   Securities, as the case may be, in the case of clause (vi) above, or the Exchange Offer   Registration Statement once again becoming effective or the Exchange Offer Registration   Statement and the Prospectus included therein becoming usable in connection with   resales of Exchange Securities, as the case may be, in the case of clause (vii) thereof, the   interest rate borne by the Subordinated Notes from the date of such filing, effectiveness,   consummation or resumption of effectiveness or usability, as the case may be, will be   reduced to the original interest rate so long as no other Registration Default will have   occurred and will be continuing at such time and the Company is otherwise in   compliance with this paragraph; provided, however, that, if after any such reduction in   interest rate, one or more Registration Defaults will again occur, the interest rate will   again be increased in accordance with the foregoing provisions.  Notwithstanding   anything in these Registration Rights Provisions to the contrary, the Company will not be   obligated to pay any Additional Interest in the case of a Shelf Registration Statement with   respect to any Holder of Registrable Securities who fails to timely provide all information   with respect to Holder that is reasonably requested by the Company to enable it to timely   comply with its obligations under Section 2(b) of these Registration Rights Provisions.    The Company will notify the Trustee within three Business Days after each and   every date on which an event occurs in respect of which Additional Interest is required to   be paid (an “Event Date”).  Additional Interest will be paid by depositing with the   Trustee, in trust, for the benefit of the Holders of Registrable Securities, on or before the   applicable interest payment date, immediately available funds in sums sufficient to pay   the Additional Interest then due.  The Additional Interest due will be payable on each   interest payment date to the record Holder of Subordinated Notes entitled to receive the   interest payment to be paid on such date as set forth in the Indenture. Each obligation to   pay Additional Interest will be deemed to accrue from and including the day following   the applicable Event Date.   Anything herein to the contrary notwithstanding, any Holder who was, at the time   the Exchange Offer was pending and consummated, eligible to exchange, and did not   validly tender, its Subordinated Notes for Exchange Securities in the Exchange Offer will   not be entitled to receive any Additional Interest.   (f) Specific Enforcement.  Without limiting the remedies available to the   Holders or any Participating Broker-Dealer, the Company acknowledges that any failure     

 

      by the Company to comply with its obligations under Sections 2(a) and 2(b) of these   Registration Rights Provisions may result in material irreparable injury to the Holders or   the Participating Broker-Dealers for which there is no adequate remedy at law, that it will   not be possible to measure damages for such injuries precisely and that, in the event of   any such failure, any Holder and any Participating Broker-Dealer may obtain such relief   as may be required to specifically enforce the Company’s obligations under Sections 2(a)   and 2(b) of these Registration Rights Provisions.   3. Registration Procedures.  In connection with the obligations of the Company   under Sections 2(a) and 2(b) of these Registration Rights Provisions, the Company will:   (a) prepare and file with the SEC a Registration Statement or, if required,   Registration Statements, within the time periods specified in Section 2, on the appropriate   form under the Securities Act, which form (i) will be selected by the Company, (ii) will,   in the case of a Shelf Registration Statement, be available for the sale of the Registrable   Securities by the selling Holders thereof and (iii) will comply as to form in all material   respects with the requirements of the applicable form and include or incorporate by   reference all financial statements required by the SEC to be filed therewith, and use its   reasonable best efforts to cause such Registration Statement to become effective and   remain effective in accordance with Section 2 of these Registration Rights Provisions;   (b) prepare and file with the SEC such amendments and post-effective   amendments to each Registration Statement as may be necessary under applicable law to   keep such Registration Statement effective for the applicable period; cause each   Prospectus to be supplemented by any required prospectus supplement, and as so   supplemented to be filed under Rule 424 under the Securities Act; and comply with the   provisions of the Securities Act and the Exchange Act with respect to the disposition of   all Subordinated Notes covered by each Registration Statement during the applicable   period in accordance with the intended method or methods of distribution by the selling   Holders thereof;   (c) in the case of a Shelf Registration, (i) notify each Holder of Registrable   Securities, at least ten Business Days prior to filing, that a Shelf Registration Statement   with respect to the Registrable Securities is being filed and advising such Holders that the   distribution of Registrable Securities will be made in accordance with the method elected   by the Majority Holders; (ii) furnish to each Holder of Registrable Securities, to counsel   for the Holders and to each underwriter of an underwritten offering of Registrable   Securities, if any, without charge, as many copies of each Prospectus, including each   preliminary Prospectus, and any amendment or supplement thereto and such other   documents as such Holder, counsel or underwriter may reasonably request, including   financial statements and schedules and, if such Holder, counsel or underwriter so   requests, all exhibits (including those incorporated by reference) in order to facilitate the   public sale or other disposition of the Registrable Securities; and (iii) subject to the   penultimate paragraph of this Section 3, the Company consents to the use of the   Prospectus, including each preliminary Prospectus, or any amendment or supplement   thereto by each of the Holders and underwriters of Registrable Securities in connection     

 

      with the offering and sale of the Registrable Securities covered by any Prospectus or any   amendment or supplement thereto;   (d) use its reasonable best efforts to register or qualify the Registrable   Securities under all applicable state securities or “blue sky” laws of such jurisdictions as   any Holder of Registrable Securities covered by a Registration Statement and each   underwriter of an underwritten offering of Registrable Securities will reasonably request,   to cooperate with the Holders and the underwriters of any Registrable Securities in   connection with any filings required to be made with FINRA, to keep each such   registration or qualification effective during the period such Registration Statement is   required to be effective and do any and all other acts and things which may be reasonably   necessary or advisable to enable such Holder to consummate the disposition in each such   jurisdiction of such Registrable Securities owned by such Holder; provided, however,   that the Company will not be required to (i) qualify as a foreign corporation or as a dealer   in securities in any jurisdiction where it would not otherwise be required to qualify but   for this Section 3(d) or (ii) take any action which would subject it to general service of   process or taxation in any such jurisdiction if it is not then so subject;   (e) in the case of a Shelf Registration, notify each Holder of Registrable   Securities and counsel for such Holders promptly and, if requested by such Holder or   counsel, confirm such advice in writing promptly (i) when a Registration Statement has   become effective and when any post-effective amendments and supplements thereto   become effective, (ii) of any request by the SEC or any state securities authority for post-   effective amendments or supplements to a Registration Statement or Prospectus or for   additional information after a Registration Statement has become effective, (iii) of the   issuance by the SEC or any state securities authority of any stop order suspending the   effectiveness of a Registration Statement or the initiation of any proceedings for that   purpose, (iv) if between the effective date of a Registration Statement and the closing of   any sale of Registrable Securities covered thereby the representations and warranties of   the Company contained in any underwriting agreement, securities sales agreement or   other similar agreement, if any, relating to such offering cease to be true and correct, (v)   of the receipt by the Company of any notification with respect to the suspension of the   qualification of the Registrable Securities for sale in any jurisdiction or the initiation or   threatening of any proceeding for such purpose, (vi) of the happening of any event or the   discovery of any facts during the period a Shelf Registration Statement is effective which   is contemplated in Section 2(d)(i) of these Registration Rights Provisions or which makes   any statement made in such Shelf Registration Statement or the related Prospectus untrue   in any material respect or which constitutes an omission to state a material fact in such   Shelf Registration Statement or Prospectus and (vii) of any determination by the   Company that a post-effective amendment to a Registration Statement would be   appropriate.  Without limitation to any other provisions of these Registration Rights   Provisions, the Company agrees that this Section 3(e) will also be applicable, mutatis   mutandis, with respect to the Exchange Offer Registration Statement and the Prospectus   included therein to the extent that such Prospectus is being used by Participating Broker-   Dealers as contemplated by Section 3(f);   (f) in the case of an Exchange Offer,     

 

      (A) (i) include in the Exchange Offer Registration Statement, a “Plan of   Distribution” section covering the use of the Prospectus included in the Exchange   Offer Registration Statement by broker-dealers who have exchanged their   Registrable Securities for Exchange Securities for the resale of such Exchange   Securities and a statement to the effect that any such broker-dealers who wish to   use the related Prospectus in connection with the resale of Exchange Securities   acquired as a result of market-making or other trading activities will be required   to notify the Company to that effect, together with instructions for giving such   notice (which instructions will include a provision for giving such notice by   checking a box or making another appropriate notation on the related letter of   transmittal) (each such broker-dealer who gives notice to the Company as   aforesaid being hereinafter called a “Notifying Broker-Dealer”), (ii) furnish to   each Notifying Broker-Dealer who desires to participate in the Exchange Offer,   without charge, as many copies of each Prospectus included in the Exchange   Offer Registration Statement, including any preliminary prospectus, and any   amendment or supplement thereto, as such broker-dealer may reasonably request,   (iii) include in the Exchange Offer Registration Statement a statement that any   broker-dealer who holds Registrable Securities acquired for its own account as a   result of market-making activities or other trading activities (a “Participating   Broker-Dealer”), and who receives Exchange Securities for Registrable Securities   in accordance with the Exchange Offer, may be a statutory underwriter and must   deliver a prospectus meeting the requirements of the Securities Act in connection   with any resale of such Exchange Securities, (iv) subject to the penultimate   paragraph of this Section 3, the Company hereby consents to the use of the   Prospectus forming part of the Exchange Offer Registration Statement or any   amendment or supplement thereto by any Notifying Broker-Dealer in connection   with the sale or transfer of Exchange Securities, and (v) include in the transmittal   letter or similar documentation to be executed by an exchange offeree in order to   participate in the Exchange Offer the following provision:   “If the undersigned is not a broker-dealer, the undersigned   represents that it is not engaged in, and does not intend to engage   in, a distribution of Exchange Securities.  If the undersigned is a   broker-dealer that will receive Exchange Securities for its own   account in exchange for Registrable Securities, it represents that   the Registrable 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   meeting the requirements of the Securities Act in connection with   any resale of such Exchange Securities in accordance with the   Exchange Offer; however, by so acknowledging and by delivering   a prospectus, the undersigned will not be deemed to admit that it is   an “underwriter” within the meaning of the Securities Act;”   (B) to the extent any Notifying Broker-Dealer participates in the   Exchange Offer, (i) the Company will use its reasonable best efforts to maintain   the effectiveness of the Exchange Offer Registration Statement for a period of 180     

 

      days (subject to extension under the last paragraph of this Section 3) following the   last date on which exchanges are accepted under the Exchange Offer, and (ii) the   Company will comply, insofar as relates to the Exchange Offer Registration   Statement, the Prospectus included therein and the offering and sale of Exchange   Securities pursuant thereto, with its obligations under Section 2(b)(D), the last   paragraph of Section 2(b), Section 3(c), 3(d), 3(e), 3(i), 3(j), 3(k), 3(o) and 3(p),   and the last two paragraphs of this Section 3 as if all references therein to a Shelf   Registration Statement, the Prospectus included therein and the Holders of   Registrable Securities referred, mutatis mutandis, to the Exchange Offer   Registration Statement, the Prospectus included therein and the applicable   Notifying Broker-Dealers and, for purposes of this Section 3(f), all references in   any such paragraphs or sections to the “Majority Holders” will be deemed to   mean, solely insofar as relates to this Section 3(f), the Notifying Broker-Dealers   who are the Holders of the majority in aggregate principal amount of the   Exchange Securities which are Registrable Securities; and   (C) the Company will not be required to amend or supplement the   Prospectus contained in the Exchange Offer Registration Statement as would   otherwise be contemplated by Section 3(b) or 3(k) of these Registration Rights   Provisions, or take any other action as a result of this Section 3(f), for a period   exceeding 180 days (subject to extension in accordance with the last paragraph of   this Section 3) after the last date on which exchanges are accepted under the   Exchange Offer and Notifying Broker-Dealers will not be authorized by the   Company to, and will not, deliver such Prospectus after such period in connection   with resales contemplated by this Section 3;   (g) in the case of a Shelf Registration, furnish counsel for the Holders of   Registrable Securities and counsel for any underwriters of Registrable Securities copies   of any request by the SEC or any state securities authority for amendments or   supplements to a Registration Statement or Prospectus or for additional information;   (h) use its reasonable best efforts to obtain the withdrawal of any order   suspending the effectiveness of a Registration Statement as soon as practicable and   provide immediate notice to each Holder of the withdrawal of any such order;   (i) in the case of a Shelf Registration, furnish to each Holder of Registrable   Securities, without charge, at least one conformed copy of each Registration Statement   and any post-effective amendments thereto (without documents incorporated or deemed   to be incorporated therein by reference or exhibits thereto, unless requested);   (j) in the case of a Shelf Registration, cooperate with the selling Holders of   Registrable Securities to facilitate the timely preparation and delivery of certificates   representing Registrable Securities to be sold and not bearing any restrictive legends; and   cause such Registrable Securities to be in such denominations (consistent with the   provisions of the Indenture) and in a form eligible for deposit with the Depositary and   registered in such names as the selling Holders or the underwriters, if any, may     

 

      reasonably request in writing at least one Business Day prior to the closing of any sale of   Registrable Securities;   (k) in the case of a Shelf Registration, upon the occurrence of any event or the   discovery of any facts as contemplated by Section 3(e)(vi) of these Registration Rights   Provisions, use its best efforts to prepare a supplement or post-effective amendment to a   Registration Statement or the related Prospectus or any document incorporated or deemed   to be incorporated therein by reference or file any other required document so that, as   thereafter delivered to the purchasers of the Registrable Securities, such Prospectus will   not contain at the time of such delivery any untrue statement of a material fact or omit to   state a material fact necessary in order to make the statements therein, in light of the   circumstances under which they were made, not misleading.  The Company agrees to   notify each Holder to suspend use of the Prospectus as promptly as practicable after the   occurrence of such an event, and each Holder hereby agrees to suspend use of the   Prospectus until the Company has amended or supplemented the Prospectus to correct   such misstatement or omission.  At such time as such public disclosure is otherwise made   or the Company determines that such disclosure is not necessary, in each case to correct   any misstatement of a material fact or to include any omitted material fact, the Company   agrees promptly to notify each Holder of such determination and to furnish each Holder   such number of copies of the Prospectus, as amended or supplemented, as such Holder   may reasonably request;   (l) obtain CUSIP and ISIN numbers for all Exchange Securities or   Registrable Securities, as the case may be, not later than the effective date of a   Registration Statement, and provide the Trustee with printed or word-processed   certificates for the Exchange Securities or Registrable Securities, as the case may be, in a   form eligible for deposit with the Depositary;   (m) cause the Indenture to be qualified under the Trust Indenture Act in   connection with the registration of the Exchange Securities or Registrable Securities, as   the case may be; cooperate with the Trustee and the Holders to effect such changes, if   any, to the Indenture as may be required for the Indenture to be so qualified in   accordance with the terms of the Trust Indenture Act; and execute, and use its reasonable   best efforts to cause the Trustee to execute, all documents as may be required to effect   such changes, if any, and all other forms and documents required to be filed with the SEC   to enable the Indenture to be so qualified in a timely manner;   (n) in the case of a Shelf Registration, the holders of a majority in principal   amount of the Registrable Securities registered under such Shelf Registration Statement   will have the right to direct the Company to effect not more than one underwritten   registration and, in connection with such underwritten registration, the Company will   enter into agreements (including underwriting agreements or similar agreements) and   take all other customary and appropriate actions (including those reasonably requested by   the holders of a majority in principal amount of the Registrable Securities being sold) in   order to expedite or facilitate the disposition of such Registrable Securities and in such   connection, in a manner that is reasonable and customary:     

 

      (i) make such representations and warranties to the Holders of such   Registrable Securities and the underwriters, in form, substance and scope as are   customarily made by issuers to underwriters in similar underwritten offerings as   may be reasonably requested by such Holders and underwriters;   (ii) obtain opinions of counsel to the Company (which counsel and   opinions (in form, scope and substance) will be reasonably satisfactory to the   managing underwriters, and the Holders of a majority in principal amount of the   Registrable Securities being sold) addressed to each selling Holder and the   underwriters, covering the matters customarily covered in opinions requested in   sales of securities or underwritten offerings and such other matters as may be   reasonably requested by such Holders and underwriters;   (iii) obtain “cold comfort” letters and updates thereof with respect to   such Shelf Registration Statement and the Prospectus included therein, all   amendments and supplements thereto and all documents incorporated or deemed   to be incorporated by reference therein from the Company’s independent certified   public accountants and from the independent certified public accountants for any   other Person or any business or assets whose financial statements are included or   incorporated by reference in the Shelf Registration Statement, each addressed to   the underwriters, and use reasonable best efforts to have such letters addressed to   the selling Holders of Registrable Securities, such letters to be in customary form   and covering matters of the type customarily covered in “cold comfort” letters to   underwriters in connection with similar underwritten offerings and such letters to   be delivered at the time of the pricing of such underwritten registration with an   update to such letter to be delivered at the time of closing of such underwritten   registration;   (iv) if an underwriting agreement or other similar agreement is entered   into, cause the same to set forth indemnification and contributions provisions and   procedures substantially equivalent to the indemnification and contributions   provisions and procedures set forth in Section 5 of these Registration Rights   Provisions with respect to the underwriters and all other parties to be indemnified   under Section 5 of these Registration Rights Provisions or such other   indemnification and contributions as will be satisfactory to the Company, the   applicable underwriters and the Holders of the majority in principal amount of the   Registrable Securities being sold; and   (v) deliver such other documents and certificates as may be reasonably   requested and as are customarily delivered in similar offerings.   The documents referred to in Sections 3(n)(ii) and 3(n)(v) will be delivered at the closing   under any underwriting or similar agreement as and to the extent required thereunder.  In   the case of any such underwritten offering, the Company will provide written notice to   the Holders of all Registrable Securities of such underwritten offering at least 30 days   prior to the filing of a prospectus supplement for such underwritten offering.  Such notice   will offer each such Holder the right to participate in such underwritten offering; specify     

 

      a date, which will be no earlier than 15 days following the date of such notice, by which   such Holder must inform the Company of its intent to participate in such underwritten   offering; and include the instructions such Holder must follow in order to participate in   such underwritten offering;   (o) in the case of a Shelf Registration, make available for inspection by   representatives of the Holders of the Registrable Securities and any underwriters   participating in any disposition under a Shelf Registration Statement and any counsel or   accountant retained by such Holders or underwriters, all financial statements and other   records, documents and properties of the Company reasonably requested by any such   Persons, and cause the respective officers, directors, employees, and any other agents of   the Company to supply all information reasonably requested by any such Persons in   connection with a Shelf Registration Statement;   (p) in the case of a Shelf Registration, a reasonable time prior to filing any   Shelf Registration Statement, any Prospectus forming a part thereof, any amendment to   such Shelf Registration Statement or amendment or supplement to such Prospectus,   provide copies of such document to the Holders of Registrable Securities, to the   underwriter or underwriters, of an underwritten offering of Registrable Securities, and to   counsel for any such Holders, or underwriters, and make such changes in any such   document prior to the filing thereof as the Holders of Registrable Securities, any such   underwriter or underwriters or any of their respective counsel may reasonably request;   and cause the representatives of the Company to be available for discussion of such   documents as will be reasonably requested by the Holders of Registrable Securities, or   any underwriter, and not at any time make any filing of any such document of which such   Holders, their counsel or any underwriter will not have previously been advised and   furnished a copy or to which such Holders, their counsel or any underwriter will   reasonably object within a reasonable time period;   (q) in the case of a Shelf Registration, use its reasonable best efforts to cause   the Registrable Securities to be rated with the appropriate rating agencies, if so requested   by the Majority Holders of Registrable Securities or by the underwriter or underwriters of   an underwritten offering, unless the Registrable Securities are already so rated;   (r) otherwise use its reasonable best efforts to comply with all applicable   rules and regulations of the SEC and, with respect to each Registration Statement and   each post-effective amendment, if any, thereto and each filing by the Company of an   Annual Report on Form 10-K, make available to its security holders, as soon as   reasonably practicable, an earnings statement covering at least twelve months which will   satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; and   (s) cooperate and assist in any filings required to be made with FINRA and in   the performance of any due diligence investigation by any underwriter and its counsel.   In the case of a Shelf Registration Statement, the Company may (as a condition to   such Holder’s participation in the Shelf Registration) require each Holder of Registrable   Securities to furnish to the Company such information regarding such Holder and the     

 

      proposed distribution by such Holder of such Registrable Securities as the Company may   from time to time reasonably request in writing and require such Holder to agree in   writing to be bound by all provisions of this Agreement applicable to such Holder.   In the case of a Shelf Registration Statement, each Holder agrees and, in the event   that any Participating Broker-Dealer is using the Prospectus included in the Exchange   Offer Registration Statement in connection with the sale of Exchange Securities in   accordance with Section 3(f), each such Participating Broker-Dealer agrees that, upon   receipt of any notice from the Company of the happening of any event or the discovery of   any facts of the kind described in Section 3(e)(ii), 3(e)(iii) or 3(e)(v) through 3(e)(vii) of   these Registration Rights Provisions, such Holder or Participating Broker-Dealer, as the   case may be, will forthwith discontinue disposition of Registrable Securities under a   Registration Statement until receipt by such Holder or Participating Broker-Dealer, as the   case may be, of (i) the copies of the supplemented or amended Prospectus contemplated   by Section 3(k) of these Registration Rights Provisions or (ii) written notice from the   Company that the Shelf Registration Statement or the Exchange Offer Registration   Statement, respectively, are once again effective or that no supplement or amendment is   required.  If so directed by the Company, such Holder or Participating Broker-Dealer, as   the case may be, will deliver to the Company (at the Company’s expense) all copies in its   possession, other than permanent file copies then in its possession, of the Prospectus   covering such Registrable Securities current at the time of receipt of such notice.    Nothing in this paragraph will prevent the accrual of Additional Interest on any Securities   or Exchange Securities.   If the Company will give any such notice to suspend the disposition of   Registrable Securities in accordance with the immediately preceding paragraph, the   Company will be deemed to have used its reasonable best efforts to keep the Shelf   Registration Statement or, in the case of Section 3(f), the Exchange Offer Registration   Statement, as the case may be, effective during such period of suspension; provided that   (i) such period of suspension will not exceed the time periods provided in Section   2(d)(iii) of these Registration Rights Provisions and (ii) the Company will use its   reasonable best efforts to file and have declared effective (if an amendment) as soon as   practicable thereafter an amendment or supplement to the Shelf Registration Statement or   the Exchange Offer Registration Statement or both, as the case may be, or the Prospectus   included therein and will extend the period during which the Shelf Registration Statement   or the Exchange Offer Registration Statement or both, as the case may be, will be   maintained effective in accordance with this Agreement (and, if applicable, the period   during which Participating Broker-Dealers may use the Prospectus included in the   Exchange Offer Registration Statement in accordance with Section 3(f) of these   Registration Rights Provisions) by the number of days during the period from and   including the date of the giving of such notice to and including the earlier of the date   when the Holders or Participating Broker-Dealers, respectively, will have received copies   of the supplemented or amended Prospectus necessary to resume such dispositions and   the effective date of written notice from the Company to the Holders or Participating   Broker-Dealers, respectively, that the Shelf Registration Statement or the Exchange Offer   Registration Statement, respectively, are once again effective or that no supplement or   amendment is required.     

 

      4. Underwritten Registrations.  If any of the Registrable Securities covered by any   Shelf Registration are to be sold in an underwritten offering, the investment banker or investment   bankers and manager or managers that will manage the offering will be selected by the Majority   Holders of such Registrable Securities included in such offering and will be reasonably   acceptable to the Company.   No Holder of Registrable Securities may participate in any underwritten registration   hereunder unless such Holder agrees to sell such Holder’s Registrable Securities on the basis   provided in any underwriting arrangements approved by the Persons entitled hereunder to   approve such arrangements and completes and executes all questionnaires, powers of attorney,   indemnities, underwriting agreements and other documents required under the terms of such   underwriting arrangements.   5. Indemnification and Contribution.   (a) The Company agrees to indemnify and hold harmless each Holder, each   Participating Broker-Dealer, each underwriter who participates in an offering of   Registrable Securities (each, an “Underwriter”) and each Person, if any, who controls any   Holder, Participating Broker-Dealer or Underwriter within the meaning of either Section   15 of the Securities Act or Section 20 of the Exchange Act, as follows:   (i) against any and all loss, liability, claim, damage and expense   whatsoever, as incurred, arising out of any untrue statement or alleged untrue   statement of a material fact contained in any Registration Statement (or any   amendment thereto) under which Exchange Securities or Registrable Securities   were registered under the Securities Act, including all documents incorporated   therein by reference, or any omission or alleged omission therefrom of a material   fact required to be stated therein or necessary to make the statements therein not   misleading, or arising out of any untrue statement or alleged untrue statement of a   material fact contained in any preliminary prospectus or Prospectus (or any   amendment or supplement thereto) or any omission or alleged omission therefrom   of a material fact necessary in order to make the statements therein, in the light of   the circumstances under which they were made, not misleading;   (ii) against any and all loss, liability, claim, damage and expense   whatsoever, as incurred, to the extent of the aggregate amount paid in settlement   of any litigation, or any investigation or proceeding by any governmental agency   or body, commenced or threatened, or of any claim whatsoever based upon any   such untrue statement or omission, or any such alleged untrue statement or   omission; provided that (subject to Section 5(d) below) any such settlement is   effected with the written consent of the Company; and   (iii) against any and all expense whatsoever, as incurred (including,   subject to Section 5(c) below, the fees and disbursements of counsel chosen by   any indemnified party), reasonably incurred in investigating, preparing or   defending against any litigation, or any investigation or proceeding by any   governmental agency or body, commenced or threatened, or any claim     

 

      whatsoever based upon any such untrue statement or omission, or any such   alleged untrue statement or omission, to the extent that any such expense is not   paid under subparagraph (i) or (ii) above;   provided, however, that this indemnity agreement will not apply to any loss, liability,   claim, damage or expense to the extent arising out of any untrue statement or omission or   alleged untrue statement or omission made in reliance upon and in conformity with   written information furnished to the Company by any Holder, Participating Broker-   Dealer or Underwriter with respect to such Holder, Participating Broker-Dealer or   Underwriter, as the case may be, expressly for use in the Registration Statement (or any   amendment thereto) or the Prospectus (or any amendment or supplement thereto).   (b) Each Holder, severally but not jointly, agrees to indemnify and hold   harmless the Company, each director of the Company, each officer of the Company who   signed the Registration Statement, each Participating Broker-Dealer, each Underwriter   and each other selling Holder and each Person, if any, who controls the Company, any   Underwriter, any Participating Broker-Dealer or any other selling Holder within the   meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against   any and all loss, liability, claim, damage and expense described in the indemnity   contained in Section 5(a) of these Registration Rights Provisions, as incurred, but only   with respect to untrue statements or omissions, or alleged untrue statements or omissions,   made in the Shelf Registration Statement (or any amendment thereto) or any Prospectus   included therein (or any amendment or supplement thereto) in reliance upon and in   conformity with written information with respect to such Holder furnished to the   Company by such Holder expressly for use in the Shelf Registration Statement (or any   amendment thereto) or such Prospectus (or any amendment or supplement thereto);   provided, however, that no such Holder will be liable for any claims hereunder in excess   of the amount of net proceeds received by such Holder from the sale of Registrable   Securities under such Shelf Registration Statement.   (c) Each indemnified party will give notice as promptly as reasonably   practicable to each indemnifying party of any action commenced against it in respect of   which indemnity may be sought hereunder, but failure so to notify an indemnifying party   will not relieve such indemnifying party from any liability hereunder to the extent it is   not materially prejudiced as a result thereof and in any event will not relieve it from any   liability which it may have otherwise than on account of this indemnity agreement.    Counsel to the respective indemnified parties will be selected as follows: (i) counsel to   the Company, its directors, each of its officers who signed the Registration Statement and   all Persons, if any, who control the Company within the meaning of Section 15 of the   Securities Act or Section 20 of the Exchange Act will be selected by the Company; (ii)   counsel to the Holders (other than any Participating Broker-Dealers) and all Persons, if   any, who control any Holders (other than any Participating Broker-Dealers) within the   meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act will be   selected by the Holders who held or hold, as the case may be, a majority in aggregate   principal amount of the Registrable Securities held by all such Holders; (iii) counsel to   the Underwriters of any particular offering of Registrable Securities and all Persons, if   any, who control any such Underwriter within the meaning of Section 15 of the Securities     

 

      Act or Section 20 of the Exchange Act will be selected by such Underwriters; and (iv)   counsel to the Participating Broker-Dealers and all Persons, if any, who control any such   Participating Broker-Dealer within the meaning of Section 15 of the Securities Act or   Section 20 of the Exchange Act will be selected by the Participating Broker-Dealers who   held or hold, as the case may be, a majority in aggregate principal amount of the   Exchange Securities referred to in Section 3(f) of these Registration Rights Provisions   held by all such Participating Broker-Dealers.  An indemnifying party may participate at   its own expense in the defense of any such action; provided, however, that counsel to the   indemnifying party will not (except with the consent of the indemnified party) also be   counsel to the indemnified party.  In no event will the indemnifying party or parties be   liable for the fees and expenses of more than one counsel (in addition to any local   counsel) separate from the indemnifying parties’ own counsel for all other Persons   referred to in clause (i) of this paragraph; the fees and expenses of more than one counsel   (in addition to any local counsel) separate from the indemnifying parties’ own counsel for   the Company and all other Persons referred to in clause (ii) of this paragraph; the fees and   expenses of more than one counsel (in addition to any local counsel) separate from the   indemnifying parties’ own counsel for all Holders (other than any Participating Broker-   Dealers) and all other Persons referred to in clause (iii) of this paragraph; the fees and   expenses of more than one counsel (in addition to any local counsel) separate from the   indemnifying parties’ own counsel for all Underwriters of any particular offering of   Registrable Securities and all other Persons referred to in clause (iv) of this paragraph;   and the fees and expenses of more than counsel (in addition to any local counsel) separate   from the indemnifying parties’ own counsel for all Participating Broker-Dealers and all   other Persons referred to in clause (v) of this paragraph, in each case in connection with   any one action or separate but similar or related actions in the same jurisdiction arising   out of the same general allegations or circumstances.  No indemnifying party will,   without the prior written consent of the indemnified parties, settle or compromise or   consent to the entry of any judgment with respect to any litigation, or any investigation or   proceeding by any governmental agency or body, commenced or threatened, or any claim   whatsoever in respect of which indemnification or contribution could be sought under   this Section 5 (whether or not the indemnified parties are actual or potential parties   thereto), unless such settlement, compromise or consent includes an unconditional release   of each indemnified party from all liability arising out of such litigation, investigation,   proceeding or claim and does not include a statement as to or an admission of fault,   culpability or a failure to act by or on behalf of any indemnified party.   (d) If at any time an indemnified party will have requested an indemnifying   party to reimburse the indemnified party for fees and expenses of counsel, such   indemnifying party agrees that it will be liable for any settlement of the nature   contemplated by Section 5(a)(ii) effected without its written consent if such settlement is   entered into more than 45 days after receipt by such indemnifying party of the aforesaid   request; such indemnifying party will have received notice of the terms of such   settlement at least 30 days prior to such settlement being entered into; and such   indemnifying party will not have reimbursed such indemnified party in accordance with   such request prior to the date of such settlement.  Notwithstanding the immediately   preceding sentence, if at any time an indemnified party will have requested an   indemnifying party to reimburse the indemnified party for fees and expenses of counsel,     

 

      such indemnifying party will not be liable for any settlement of the nature contemplated   by Section 5(a)(ii) effected without its written consent if such indemnifying party   reimburses such indemnified party in accordance with such request to the extent that the   indemnifying party in its judgment considers such request to be reasonable and provides   written notice to the indemnified party stating the reason it deems the unpaid balance   unreasonable, in each case no later than 45 days after receipt by such indemnifying party   of the aforesaid request from the indemnified party.   (e) If the indemnification provided for in this Section 5 is for any reason   unavailable to or insufficient to hold harmless an indemnified party in respect of any   losses, liabilities, claims, damages or expenses referred to therein, then each   indemnifying party will contribute to the aggregate amount of such losses, liabilities,   claims, damages and expenses incurred by such indemnified party, as incurred, in such   proportion as is appropriate to reflect the relative fault of the indemnifying party or   parties on the one hand and of the indemnified party or parties on the other hand in   connection with the statements or omissions that resulted in such losses, liabilities,   claims, damages or expenses, as well as any other relevant equitable considerations.  The   relative fault of such indemnifying party or parties on the one hand and the indemnified   party or parties on the other hand will be determined by reference to, among other things,   whether the untrue or alleged untrue statement of a material fact or omission or alleged   omission to state a material fact relates to information supplied by such indemnifying   party or parties or such indemnified party or parties, and the parties’ relative intent,   knowledge, access to information and opportunity to correct or prevent such statement or   omission.   (f) The Company and the Holders agree that it would not be just or equitable   if contribution under this Section 5 were determined by pro rata allocation or by any   other method of allocation that does not take account of the equitable considerations   referred to in Section 5(e) above.  The aggregate amount of losses, liabilities, claims,   damages and expenses incurred by an indemnified party and referred to above in this   Section 5 will be deemed to include any legal or other expenses reasonably incurred by   such indemnified party in investigating, preparing or defending against any litigation, or   any investigation or proceeding by any governmental agency or body, commenced or   threatened, or any claim whatsoever based upon any such untrue or alleged untrue   statement or omission or alleged omission.   Notwithstanding the provisions of this Section 5, no Holder, Participating Broker-   Dealer or Underwriter will be required to contribute any amount in excess of the amount   by which the total price at which Registrable Securities sold by it were offered exceeds   the amount of any damages that such Holder, Participating Broker-Dealer or Underwriter   has otherwise been required to pay by reason of any such untrue or alleged untrue   statement or omission or alleged omission.   No Person guilty of fraudulent misrepresentation (within the meaning of Section   11(f) of the Securities Act) will be entitled to contribution from any Person who was not   guilty of such fraudulent misrepresentation.     

 

      For purposes of this Section 5, each Person, if any, who controls a Holder,   Participating Broker-Dealer or Underwriter within the meaning of Section 15 of the   Securities Act or Section 20 of the Exchange Act will have the same rights to   contribution as such Holder, Participating Broker-Dealer or Underwriter, as the case may   be, and each director of the Company, each officer of the Company who signed the   Registration Statement and each Person, if any, who controls the Company within the   meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act will have   the same rights to contribution as the Company.   The respective obligations of the Holders, Participating Broker-Dealers and   Underwriters to contribute under this Section 5 are several in proportion to the principal   amount of Subordinated Notes purchased by them and not joint.   The indemnity and contribution provisions contained in this Section 5 will remain   operative and in full force and effect regardless of (i) any termination of these   Registration Rights Provisions, (ii) any investigation made by or on behalf of any Holder,   Participating Broker-Dealer or Underwriter or any Person controlling any Holder,   Participating Broker-Dealer or Underwriter, or by or on behalf of the Company, its   officers or directors or any Person controlling the Company, (iii) acceptance of any of the   Exchange Securities and (iv) any sale of Registrable Securities or Exchange Securities   under a Shelf Registration Statement.   6. Miscellaneous.   (a) Rule 144 and Rule 144A.  For so long as the Company is subject to the   reporting requirements of Section 13 or 15 of the Exchange Act, the Company covenants   that it will file all reports required to be filed by it under Section 13(a) or 15(d) of the   Exchange Act and the rules and regulations adopted by the SEC thereunder, that if it   ceases to be so required to file such reports, it will upon the request of any Holder or   beneficial owner of Registrable Securities (i) make publicly available such information   (including, without limitation, the information specified in Rule 144(c)(2) under the   Securities Act) as is necessary to permit sales in accordance with Rule 144 under the   Securities Act, (ii) deliver or cause to be delivered, promptly following a request by any   Holder or beneficial owner of Registrable Securities or any prospective purchaser or   transferee designated by such Holder or beneficial owner, such information (including,   without limitation, the information specified in Rule 144A(d)(4) under the Securities Act)   as is necessary to permit sales in accordance with Rule 144A under the Securities Act,   and (iii) take such further action that is reasonable in the circumstances, in each case to   the extent required from time to time to enable such Holder to sell its Registrable   Securities without registration under the Securities Act within the limitation of the   exemptions provided by Rule 144 under the Securities Act, as such Rule may be   amended from time to time, Rule 144A under the Securities Act, as such Rule may be   amended from time to time, or any similar rules or regulations hereafter adopted by the   SEC.  Upon the request of any Holder or beneficial owner of Registrable Securities, the   Company will deliver to such Holder a written statement as to whether it has complied   with such requirements.     

 

      (b) No Inconsistent Agreements.  The Company has not entered into nor will   the Company on or after the date of this Purchase Agreement enter into any agreement   that is inconsistent with the rights granted to the Holders of Registrable Securities in this   Registration Rights Provisions or otherwise conflicts with the provisions of these   Registration Rights Provisions; provided that the Company will not be precluded from   entering into any agreement after the date of these Registration Rights Provisions which   may or does result, directly or indirectly, in the payment of Additional Interest.  The   rights granted to the Holders under these Registration Rights Provisions do not and will   not in any way conflict with and are not and will not be inconsistent with the rights   granted to the holders of any of the Company’s other issued and outstanding securities   under any other agreements entered into by the Company or any of its Subsidiaries.   (c) Amendments and Waivers.  Notwithstanding anything to the contrary in   the Purchase Agreement, these Registration Rights Provisions may be amended, modified   or supplemented, and waivers or consents to departures from these Registration Rights   Provisions may be given, only upon the written consent of Holders of at least a majority   in aggregate principal amount of the outstanding Registrable Securities affected by such   amendment, modification, supplement, waiver or departure.   (d) Notices.  Notwithstanding anything to the contrary in the Purchase   Agreement, all notices and other communications provided for or permitted under these   Registration Rights Provisions will be made in writing by hand-delivery, registered first-   class mail, electronic mail, or any courier guaranteeing overnight delivery (i) if to a   Holder, at the most current address set forth on the records of the registrar under the   Indenture, (ii) if to a Participating Broker-Dealer, at the address of its registered corporate   office, (iii) if to the Company, initially at the address set forth in the Purchase Agreement   and thereafter at such other address, notice of which is given in accordance with the   provisions of this Section 6(d), and (iv) if to any Underwriter, at the most current address   given by such Underwriter to the Company by means of a notice given in accordance   with the provisions of this Section 6(d), which address initially will be the address set   forth in the applicable underwriting agreement.   All such notices and communications will be deemed to have been duly given: at   the time delivered by hand, if personally delivered; five Business Days after being   deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if sent   via electronic mail; and on the next Business Day if timely delivered to an air courier   guaranteeing overnight delivery.   Copies of all such notices, demands or other communications will be concurrently   delivered by the Person giving the same to the Trustee, at the address specified in the   Indenture.   (e) Successors and Assigns.  These Registration Rights Provisions will inure   to the benefit of and be binding upon the successors, assigns and transferees of each of   the Holders and the Company, including, without limitation and without the need for an   express assignment, subsequent Holders; provided that nothing contained in these   Registration Rights Provisions will be deemed to permit any assignment, transfer or other     

 

      disposition of Registrable Securities in violation of the terms of these Registration Rights   Provisions, the Purchase Agreement, the Subordinated Notes or the Indenture.  If any   transferee of any Holder will acquire Registrable Securities, in any manner, whether by   operation of law or otherwise, such Registrable Securities will be held subject to all of the   terms of these Registration Rights Provisions, and by taking and holding such Registrable   Securities, such Person will be conclusively deemed to have agreed to be bound by and to   perform all of the terms and provisions of these Registration Rights Provisions, including   the restrictions on resale set forth in these Registration Rights Provisions and, if   applicable, the Purchase Agreement, and such Person will be entitled to receive the   benefits of these Registration Rights Provisions.   (f) Third Party Beneficiary.  Each Holder and Participating Broker-Dealer   will be a third party beneficiary of the agreements contained in these Registration Rights   Provisions and will have the right to enforce such agreements directly to the extent it   deems such enforcement necessary or advisable to protect its rights or the rights of other   Holders hereunder.   Each Holder, by its acquisition of Subordinated Notes, will be   deemed to have agreed to the provisions of Section 5(b) of these Registration Rights   Provisions.   (g) Restriction on Resales.  If the Company or any of its subsidiaries or   affiliates (as defined in Rule 144 under the Securities Act) will redeem, purchase or   otherwise acquire any Registrable Security or any Exchange Security which is a   “restricted security” within the meaning of Rule 144 under the Securities Act, the   Company will deliver or cause to be delivered such Registrable Security or Exchange   Security, as the case may be, to the Trustee for cancellation and neither the Company nor   any of its subsidiaries or affiliates will hold or resell such Registrable Security or   Exchange Security or issue any new Security or Exchange Security to replace the same.

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