Document:

Exhibit 4.2

 

 

 

REGISTRATION RIGHTS AGREEMENT

 

Dated as of April 23, 2004

 

By and Among

 

CURATIVE HEALTH SERVICES, INC.,

 

the GUARANTORS named herein

 

and

 

UBS SECURITIES LLC

 

as Initial Purchaser

 

10 3/4% Senior Notes due 2011

 

 

 

 

TABLE OF CONTENTS

 

	
  Section
  1.

  	
   

  	
  Definitions

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section
  2.

  	
   

  	
  Exchange
  Offer

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 3.

  	
   

  	
  Shelf Registration

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 4.

  	
   

  	
  Additional Interest

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 5.

  	
   

  	
  Registration Procedures

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 6.

  	
   

  	
  Registration Expenses

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section
  7.

  	
   

  	
  Indemnification

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 8.

  	
   

  	
  Rules 144 and 144A

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 9.

  	
   

  	
  Underwritten Registrations

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Section
  10.

  	
   

  	
  Miscellaneous

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  (a)

  	
   

  	
  No Inconsistent Agreements

  	
   

  
	
  (b)

  	
   

  	
  Adjustments Affecting Registrable Notes

  	
   

  
	
  (c)

  	
   

  	
  Amendments and Waivers

  	
   

  
	
  (d)

  	
   

  	
  Notices

  	
   

  
	
  (e)

  	
   

  	
  Guarantors

  	
   

  
	
  (f)

  	
   

  	
  Successors and Assigns

  	
   

  
	
  (g)

  	
   

  	
  Counterparts

  	
   

  
	
  (h)

  	
   

  	
  Headings

  	
   

  
	
  (i)

  	
   

  	
  Governing
  Law

  	
   

  
	
  (j)

  	
   

  	
  Severability

  	
   

  
	
  (k)

  	
   

  	
  Securities Held by the Issuers or Their
  Affiliates

  	
   

  
	
  (l)

  	
   

  	
  Third-Party Beneficiaries

  	
   

  
	
  (m)

  	
   

  	
  Entire
  Agreement

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  SIGNATURES

  	
   

  

 

i

 

REGISTRATION RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”) is dated as of April
23, 2004, by and among CURATIVE HEALTH SERVICES, INC., a Minnesota corporation
(the “Company”), and each of the Guarantors (as defined herein) (the
Company and the Guarantors are referred to collectively herein as the “Issuers”),
on the one hand, and UBS SECURITIES LLC (the “Initial Purchaser”), on
the other hand.

 

This Agreement
is entered into in connection with the Purchase Agreement, dated as of April
20, 2004, by and among the Issuers and the Initial Purchaser (the “Purchase
Agreement”), relating to the offering of $185,000,000 aggregate principal
amount of 10   3/4%
Senior Notes due 2011 of the Company (including the guarantees thereof by the
Guarantors, the “Notes”).  The
execution and delivery of this Agreement is a condition to the Initial
Purchaser’s obligation to purchase the Notes under the Purchase Agreement.

 

The parties
hereby agree as follows:

 

Section 1.               Definitions

 

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

 

“action”
shall have the meaning set forth in Section 7(c) hereof.

 

“Additional
Interest” shall have the meaning set forth in Section 4(a) hereof.

 

“Advice”
shall have the meaning set forth in Section 5 hereof.

 

“Additional
Interest Payment Date” shall have the meaning set forth in Section 4(b)
hereof.

 

“Agreement”
shall have the meaning set forth in the first introductory paragraph hereto.

 

“Applicable
Period” shall have the meaning set forth in Section 2(b) hereof.

 

“Board of
Directors” shall have the meaning set forth in Section 5 hereof.

 

“Business
Day” shall mean a day that is not a Legal Holiday.

 

“Company”
shall have the meaning set forth in the introductory paragraph hereto and shall
also include the Company’s permitted successors and assigns.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“day”
shall mean a calendar day.

 

 

“Delay
Period” shall have the meaning set forth in Section 5 hereof.

 

“Effectiveness
Period” shall have the meaning set forth in Section 3(b) hereof.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder.

 

“Exchange
Notes” shall have the meaning set forth in Section 2(a) hereof.

 

“Exchange
Offer” shall have the meaning set forth in Section 2(a) hereof.

 

“Exchange
Offer Registration Statement” shall have the meaning set forth in Section
2(a) hereof.

 

“Guarantors”
means each subsidiary of the Company listed on the signature page to this
Agreement and each Person who executes and delivers a counterpart of this
Agreement after the date hereof pursuant to Section 10(e) hereof.

 

“Holder”
shall mean any holder of a Registrable Note or Registrable Notes.

 

“Indenture”
shall mean the Indenture, dated as of April 23, 2004, by and among the Issuers
and Wells Fargo Bank Minnesota, National Association, as trustee, pursuant to
which the Notes are being issued, as amended or supplemented from time to time
in accordance with the terms thereof.

 

“Initial
Purchaser” shall have the meaning set forth in the first introductory paragraph
hereof.

 

“Inspectors”
shall have the meaning set forth in Section 5(n) hereof.

 

“Issue Date”
shall mean April 23, 2004, the date of original issuance of the Notes.

 

“Issuers”
shall have the meaning set forth in the first introductory paragraph hereto.

 

“Legal
Holiday” shall mean a Saturday, a Sunday or a day on which banking institutions
in New York, New York are required by law, regulation or executive order to remain
closed.

 

“Losses”
shall have the meaning set forth in Section 7(a) hereof.

 

“NASD”
shall have the meaning set forth in Section 5(s) hereof.

 

“Notes”
shall have the meaning set forth in the second introductory paragraph hereto.

 

“Participant”
shall have the meaning set forth in Section 7(a) hereof.

 

“Participating
Broker-Dealer” shall have the meaning set forth in Section 2(b) hereof.

 

2

 

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

 

“Private
Exchange” shall have the meaning set forth in Section 2(b) hereof.

 

“Private
Exchange Notes” shall have the meaning set forth in Section 2(b) hereof.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement (including,
without limitation, any prospectus subject to completion and a prospectus that
includes any information previously omitted from a prospectus filed as part of
an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus
supplement, and all other amendments and supplements to the Prospectus,
including post-effective amendments, and all material incorporated by reference
or deemed to be incorporated by reference in such Prospectus.

 

“Purchase Agreement”
shall have the meaning set forth in the second introductory paragraph hereof.

 

“Records”
shall have the meaning set forth in Section 5(n) hereof.

 

“Registrable
Notes” shall mean each Note upon its original issuance and at all times
subsequent thereto, each Exchange Note as to which Section 2(c)(iv) hereof is
applicable upon original issuance and at all times subsequent thereto and each
Private Exchange Note upon original issuance thereof and at all times
subsequent thereto, in each case until (i) a Registration Statement (other
than, with respect to any Exchange Note as to which Section 2(c)(iv) hereof is
applicable, the Exchange Offer Registration Statement) covering such Note,
Exchange Note or Private Exchange Note has been declared effective by the
Commission and such Note, Exchange Note or such Private Exchange Note, as the
case may be, has been disposed of in accordance with such effective
Registration Statement, (ii) such Note has been exchanged pursuant to the
Exchange Offer for an Exchange Note or Exchange Notes that may be resold
without restriction under state and federal securities laws, (iii) such
Note, Exchange Note or Private Exchange Note, as the case may be, ceases to be
outstanding for purposes of the Indenture or (iv) such Note, Exchange Note or
Private Exchange Note has been sold in compliance with Rule 144 or is
salable pursuant to Rule 144(k).

 

“Registration
Default” shall have the meaning set forth in Section 4(a) hereof.

 

“Registration
Statement” shall mean any appropriate registration statement of the Issuers
covering any of the Registrable Notes filed with the Commission under the Securities
Act, and all amendments and supplements to any such Registration Statement,
including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto and all material incorporated by
reference therein.

 

“Representative”
shall have the meaning set forth in the introductory paragraph hereto.

 

3

 

“Requesting
Participating Broker-Dealer” shall have the meaning set forth in Section 2(b)
hereof.

 

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

 

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

 

“Rule 415”
shall mean Rule 415 promulgated under the Securities Act, as such Rule may be
amended from time to time, or any similar rule or regulation hereafter adopted
by the Commission.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

 

“Shelf
Filing Event” shall have the meaning set forth in Section 2(c) hereof.

 

“Shelf
Registration” shall have the meaning set forth in Section 3(a) hereof.

 

“TIA” shall
mean the Trust Indenture Act of 1939, as amended.

 

“Trustee”
shall mean the trustee under the Indenture and the trustee (if any) under any
indenture governing the Exchange Notes and Private Exchange Notes.

 

“underwritten
registration” or “underwritten offering” shall mean a registration
in which securities of the Issuers are sold to an underwriter for reoffering to
the public.

 

Section 2.               Exchange Offer

 

(a)           Unless the Exchange
Offer would violate applicable law or interpretation of the staff of the Commission,
the Issuers shall (i) file a Registration Statement (the “Exchange
Offer Registration Statement”) with the Commission on an appropriate
registration form with respect to a registered offer (the “Exchange Offer”)
to exchange any and all of the Registrable Notes for a like aggregate principal
amount of notes (including the guarantees with respect thereto, the “Exchange
Notes”) that are identical in all material respects to the Notes (except
that the Exchange Notes shall not contain restrictive legends, terms with
respect to transfer restrictions or Additional Interest upon a Registration
Default or any rights contained in this Agreement), (ii) use their
reasonable best efforts to cause the Exchange Offer Registration Statement to
be declared effective under the Securities Act and (iii) use their
reasonable best efforts to consummate the Exchange Offer within 180 days after
the Issue Date.  Upon the Exchange Offer
Registration Statement being declared effective by the Commission, the Issuers
will offer the Exchange Notes in exchange for surrender of the Notes.  The Issuers

 

4

 

shall keep the
Exchange Offer open for not less than 30 days (or longer if required by
applicable law) after the date notice of the Exchange Offer is mailed to
Holders.

 

Each Holder
that participates in the Exchange Offer will be required to represent to the
Issuers in writing that (i) any Exchange Notes to be received by it will be
acquired in the ordinary course of its business, (ii) it has no arrangement or
understanding with any Person to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Notes in violation of the provisions
of the Securities Act, (iii) it is not an affiliate of the Company or any
Guarantor as defined by Rule 405 of the Securities Act, or if it is an
affiliate, it will comply with the registration and prospectus delivery requirements
of the Securities Act to the extent applicable, (iv) if such Holder is not a
broker-dealer, it is not engaged in, and does not intend to engage in, a
distribution of Exchange Notes and (v) if such Holder is a broker-dealer that
will receive Exchange Notes for its own account in exchange for Notes that were
acquired as a result of market-making or other trading activities, it will
deliver a prospectus in connection with any resale of such Exchange Notes.

 

(b)           The Issuers and the
Initial Purchaser acknowledge that the staff of the Commission has taken the
position that any broker-dealer that elects to exchange Notes that were acquired
by such broker-dealer for its own account as a result of market-making or other
trading activities for Exchange Notes in the Exchange Offer (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of
the Securities Act and must deliver a prospectus meeting the requirements of
the Securities Act in connection with any resale of such Exchange Notes (other
than a resale of an unsold allotment resulting from the original offering of
the Notes).

 

The Issuers
and the Initial Purchaser also acknowledge that the staff of the Commission has
taken the position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement
to the above effect and the means by which Participating Broker-Dealers may
resell the Exchange Notes, without naming the Participating Broker-Dealers or
specifying the amount of Exchange Notes owned by them, such Prospectus may be
delivered by Participating Broker-Dealers to satisfy their prospectus delivery
obligations under the Securities Act in connection with resales of Exchange
Notes for their own accounts, so long as the Prospectus otherwise meets the
requirements of the Securities Act.

 

In light of
the foregoing, if requested by a Participating Broker-Dealer (a “Requesting
Participating Broker-Dealer”), the Issuers agree to use their reasonable
best efforts to keep the Exchange Offer Registration Statement continuously
effective for a period necessary to comply with applicable law in connection
with such resales but in no event more than 180 days after the date on which
the Exchange Registration Statement is declared effective, or such longer
period if extended pursuant to any Delay Period in accordance with the last paragraph
of Section 5 hereof (such period, the “Applicable Period”), or such
earlier date as each Requesting Participating Broker-Dealer shall have notified
the Company in writing that such Requesting Participating Broker-Dealer has resold
all Exchange Notes acquired by it in the Exchange Offer.  The Issuers shall include a plan of distribution
in such Exchange Offer Registration Statement that meets the requirements set
forth in the preceding paragraph.

 

If, prior to
consummation of the Exchange Offer, the Initial Purchaser holds any Notes
acquired by it that have, or that are reasonably likely to be determined to
have, the status of an unsold

 

5

 

allotment in an initial distribution, or if
any Holder is prohibited by law or SEC policy from participating in the
Exchange Offer, the Issuers upon the request of the Initial Purchaser or any
such Holder, as the case may be, shall simultaneously with the delivery of the
Exchange Notes in the Exchange Offer, issue and deliver to the Initial
Purchaser or any such Holder, as the case may be, in exchange (the “Private
Exchange”) for such Notes held by such Initial Purchaser or any such Holder
a like principal amount of notes (the “Private Exchange Notes”) of the
Issuers that are identical in all material respects to the Exchange Notes
except that the Private Exchange Notes may be subject to restrictions on transfer
and bear a legend to such effect.  The
Private Exchange Notes shall be issued pursuant to the same indenture as the
Exchange Notes and bear the same CUSIP number as the Exchange Notes (if permitted
by the CUSIP Service Bureau).

 

Upon
consummation of the Exchange Offer in accordance with this Section 2, the Issuers
shall have no further registration obligations other than the Issuers’
continuing registration obligations with respect to (i) Private Exchange Notes,
(ii) Exchange Notes held by Participating Broker-Dealers and (iii) Notes or
Exchange Notes as to which clause (c)(iv) of this Section 2 applies.

 

In connection
with the Exchange Offer, the Issuers shall:

 

(1)           mail
or cause to be mailed to each Holder entitled to participate in the Exchange
Offer a copy of the Prospectus forming part of the Exchange Offer Registration
Statement, together with an appropriate letter of transmittal and related documents;

 

(2)           utilize
the services of a depositary for the Exchange Offer with an address in the
Borough of Manhattan, The City of New York;

 

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

 

(4)           otherwise
comply in all material respects with all applicable laws, rules and
regulations.

 

As soon as
practicable after the close of the Exchange Offer and the Private Exchange, if
any, the Issuers shall:

 

(1)           accept
for exchange all Notes validly tendered and not validly withdrawn by the
Holders pursuant to the Exchange Offer and the Private Exchange, if any;

 

(2)           deliver
or cause to be delivered to the Trustee for cancellation all Registrable Notes
so accepted for exchange; and

 

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

 

6

 

The Exchange
Offer and the Private Exchange shall not be subject to any conditions, other
than that (i) the Exchange Offer or Private Exchange, as the case may be,
does not violate applicable law or any applicable interpretation of the staff
of the Commission, (ii) no action or proceeding shall have been instituted
or threatened in any court or by any governmental agency which might materially
impair the ability of the Issuers to proceed with the Exchange Offer or the
Private Exchange, and no material adverse development shall have occurred in
any existing action or proceeding with respect to the Issuers and (iii) all
governmental approvals shall have been obtained, which approvals the Company
deems necessary for the consummation of the Exchange Offer or Private Exchange.

 

The Exchange
Notes and the Private Exchange Notes shall be issued under (i) the Indenture or
(ii) an indenture identical in all material respects to the Indenture (in
either case, with such changes as are necessary to comply with any requirements
of the Commission to effect or maintain the qualification thereof under the
TIA) and which, in either case, has been qualified under the TIA and shall
provide that (a) the Exchange Notes shall not be subject to the transfer
restrictions set forth in the Indenture and (b) the Private Exchange Notes
shall be subject to the transfer restrictions set forth in the Indenture.  The Indenture or such indenture shall
provide that the Exchange Notes, the Private Exchange Notes and the Notes shall
vote and consent together on all matters as one class and that none of the
Exchange Notes, the Private Exchange Notes or the Notes will have the right to
vote or consent as a separate class on any matter.

 

(c)           In the event that
(i) any changes in law or the applicable interpretations of the staff of
the Commission do not permit the Issuers to effect the Exchange Offer, (ii) for
any reason the Exchange Offer is not consummated within 180 days of the Issue
Date, (iii) any Holder notifies the Company prior to the 30th day
following consummation of the Exchange Offer that it is prohibited by law or
the applicable interpretations of the staff of the Commission from
participating in the Exchange Offer, (iv) in the case of any Holder who participates
in the Exchange Offer, such Holder does not receive Exchange Notes on the date
of the exchange that may be sold without restriction under state and federal
securities laws (other than due solely to the status of such Holder as an
affiliate of any Issuer within the meaning of the Securities Act) or (v) the
Initial Purchaser so requests with respect to Notes or Private Exchange Notes
that have, or that are reasonably likely to be determined to have, the status
of unsold allotments in an initial distribution (each such event referred to in
clauses (i) through (v) of this sentence, a “Shelf Filing Event”), then
the Issuers shall file a Shelf Registration pursuant to Section 3 hereof.

 

Section 3.               Shelf Registration

 

If at any time
a Shelf Filing Event shall occur, then:

 

(a)           Shelf Registration.  The Issuers shall file with the Commission a
Registration Statement for an offering to be made on a continuous basis
pursuant to Rule 415 covering all of the Registrable Notes not exchanged in the
Exchange Offer, Private Exchange Notes and Exchange Notes as to which Section
2(c)(iv) is applicable (the “Shelf Registration”); provided, however,
that in any event the Issuers shall not be required to file the Shelf
Registration prior to 60 days after the Issue Date.  The Shelf Registration shall be on Form S-1 or S-3, if
applicable, or another appropriate form permitting registration of such
Registrable Notes for resale by Holders in the manner or manners designated

 

7

 

by them (including,
without limitation, one or more underwritten offerings).  The Issuers shall not permit any securities
other than the Registrable Notes to be included in the Shelf Registration.

 

(b)           The Issuers shall use
all their reasonable best efforts (x) to cause the Shelf Registration to
be declared effective under the Securities Act on or prior to the later of (A)
the 180th day after the Issue Date and (B) the 150th day after the occurrence
of the applicable Shelf Filing Event and (y) to keep the Shelf
Registration continuously effective under the Securities Act for the period
ending on the date which is two years from the Issue Date, subject to extension
pursuant to the penultimate paragraph of Section 5 hereof (the “Effectiveness
Period”), or such shorter period ending when all Registrable Notes covered
by the Shelf Registration have been sold in the manner set forth and as
contemplated in the Shelf Registration; provided, however, that
(i) the Effectiveness Period in respect of the Shelf Registration shall be
extended to the extent required to permit dealers to comply with the applicable
prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise
provided herein, if applicable and (ii) the Company may suspend the
effectiveness of the Shelf Registration by written notice to the Holders solely
(A) as a result of the filing of a post-effective amendment to the Shelf
Registration to incorporate annual audited financial information with respect
to the Company where such post-effective amendment is not yet effective and
needs to be declared effective to permit Holders to use the related Prospectus
or (B) to the extent and for so long as permitted by the penultimate paragraph
of Section 5.

 

(c)           Supplements and
Amendments.  The Issuers agree to
supplement or make amendments to the Shelf Registration as and when required by
the rules, regulations or instructions applicable to the registration form used
for such Shelf Registration or by the Securities Act or rules and regulations
thereunder for shelf registration, or if reasonably requested by the Holders of
a majority in aggregate principal amount of the Registrable Notes covered by
such Registration Statement or by any underwriter of such Registrable Notes.

 

Section 4.               Additional Interest

 

(a)           The Issuers and the
Initial Purchaser agree that the Holders will suffer damages if the Issuers
fails to fulfill their obligations under Section 2 or Section 3
hereof and that it would not be feasible to ascertain the extent of such
damages with precision.  Accordingly,
the Issuers agree that if:

 

(i)      the
Exchange Offer is not consummated on or prior to the 180th day following the
Issue Date, or, if that day is not a Business Day, the next day that is a
Business Day; or

 

(ii)     the
Shelf Registration is required to be filed but is not declared effective within
the time period specified in Section 3(b)(x), or is declared effective by such
date but thereafter ceases to be effective or usable during the period
specified in Section 3(b)(y) (unless the Shelf Registration ceases to be
effective or usable as specifically permitted by the penultimate paragraph of
Section 5 hereof),

 

(each such
event referred to in clauses (i) and (ii) a “Registration Default”),
additional interest in the form of additional cash interest (“Additional
Interest”) will accrue on the affected Registrable Notes.  The rate of Additional Interest will be
0.25% per annum for the first 90-day period immediately following

 

8

 

the occurrence
of a Registration Default, increasing by an additional 0.25% per annum with respect
to each subsequent 90-day period up to a maximum amount of Additional Interest
of 1.00% per annum, from and including the date on which any such Registration
Default shall occur to, but excluding, the earlier of (1) the date on which all
Registration Defaults have been cured or (2) the date on which such
Registrable Note ceases to be a Registrable Note or otherwise become freely
transferable by Holders other than affiliates of the Issuers without further
registration under the Securities Act. 
If, after the cure of all Registration Defaults then in effect, there is
a subsequent Registration Default, the rate of Additional Interest for such
subsequent Registration Default shall initially be 0.25% regardless of the rate
in effect with respect to any prior Registration Default at the time of cure of
such Registration Default and shall increase in the manner and be subject to
the maximum Additional Interest rate contained in the preceding sentence.

 

Notwithstanding the foregoing, (1) the amount of Additional Interest
payable shall not increase because more than one Registration Default has
occurred and is pending and (2) a Holder of Registrable Notes that is not
entitled to the benefits of the Shelf Registration (e.g., such Holder
has not elected to include information) shall not be entitled to Additional
Interest with respect to a Registration Default that pertains to the Shelf
Registration.

 

(b)           So long as Notes remain
outstanding, the Company shall notify the Trustee within five Business Days
after each and every date on which an event occurs in respect of which Additional
Interest is required to be paid.  Any
amounts of Additional Interest due pursuant to clauses (a)(i) or (a)(ii) of
this Section 4 will be payable in cash semi-annually on each May 1 and
November 1 (each a “Additional Interest Payment Date”), commencing with
the first such date occurring after any such Additional Interest commences to
accrue, to Holders to whom regular interest is payable on such Additional
Interest Payment Date with respect to Notes that are Registrable Notes.  The amount of Additional Interest for each
Registrable Note will be determined by multiplying the applicable rate of
Additional Interest by the aggregate principal amount of such Registrable Note
outstanding on the Additional Interest Payment Date following such Registration
Default in the case of the first such payment of Additional Interest with
respect to a Registration Default (and thereafter at the next succeeding Additional
Interest Payment Date until the cure of such Registration Default), and
multiplying the product of the foregoing by a fraction, the numerator of which
is the number of days such Additional Interest rate was applicable during such
period (determined on the basis of a 360-day year comprised of twelve 30-day
months and, in the case of a partial month, the actual number of days elapsed),
and the denominator of which is 360. 
The Additional Interest provided for in this Section 4 shall be the
exclusive monetary remedy available to holders of Registrable Notes, Exchange
Notes or Private Exchange Notes for Registration Defaults.

 

Section 5.               Registration Procedures

 

In connection
with the filing of any Registration Statement pursuant to Section 2 or 3
hereof, the Issuers shall effect such registrations to permit the sale of the
securities covered thereby in accordance with the intended method or methods of
disposition thereof, and pursuant thereto and in connection with any
Registration Statement filed by the Issuers hereunder:

 

(a)           The
Issuers shall prepare and file with the Commission the Registration Statement
or Registration Statements prescribed by Section 2 or 3 hereof, and use their
reasonable

 

9

 

best efforts to cause each such Registration Statement to become
effective and remain effective as provided herein; provided, however,
that, if (1) such filing is pursuant to Section 3 hereof, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period relating thereto, before filing any Registration
Statement or Prospectus or any amendments or supplements thereto, the Issuers
shall furnish to and afford the Holders of the Registrable Notes covered by
such Registration Statement or each such Participating Broker-Dealer, as the
case may be, their counsel (if requested by any such person) and the managing
underwriters, if any, a reasonable opportunity to review copies of all such
documents (including copies of any documents to be incorporated by reference
therein and all exhibits thereto) proposed to be filed (in each case at least
five Business Days prior to such filing). 
The Issuers shall not file any such Registration Statement or Prospectus
or any amendments or supplements thereto if the Holders of a majority in
aggregate principal amount of the Registrable Notes covered by such Registration
Statement, or any such Participating Broker-Dealer, as the case may be, their
counsel, or the managing underwriters, if any, shall reasonably object.  However, this objection will toll the
Issuer’s obligations to file such Registration Statement under this Agreement,
unless such objection arises from reasonable allegations of a material violation
of the securities law by the filing of the Registration Statement.

 

(b)           The
Issuers shall prepare and file with the Commission such amendments and
post-effective amendments to each Shelf Registration or Exchange Offer
Registration Statement, as the case may be, as may be necessary to keep such
Shelf Registration or Exchange Offer Registration Statement continuously
effective for the Effectiveness Period or the Applicable Period, as the case
may be; cause the related Prospectus to be supplemented by any Prospectus
supplement required by applicable law, and as so supplemented to be filed
pursuant to Rule 424 (or any similar provisions then in force) promulgated
under the Securities Act; and comply with the applicable provisions of the
Securities Act and the Exchange Act with respect to the disposition of all
securities covered by such Registration Statement as so amended or in such
Prospectus as so supplemented and with respect to the subsequent resale of any
securities being sold by a Participating Broker-Dealer covered by any such
Prospectus, in each case, in accordance with the intended methods of distribution
set forth in such Registration Statement or Prospectus, as so amended or supplemented.

 

(c)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period relating thereto from whom the Company has received
written notice that such Broker-Dealer will be a Participating Broker-Dealer in
the applicable Exchange Offer, the Issuers shall notify the selling Holders of
Registrable Notes, or each such Participating Broker-Dealer, as the case may
be, their counsel (if such counsel is known to the Issuers) and the managing
underwriters, if any, as promptly as possible, and, if requested by any of the
above parties, confirm such notice in writing, (i) when a Prospectus or
any Prospectus supplement or post-effective amendment has been filed, and, with
respect to a Registration Statement or any post-effective amendment, when the
same has become effective under the Securities Act  (including in such notice a written statement that

 

10

 

any Holder may, upon request, obtain, at the sole expense of the
Issuers, one copy of such Registration Statement or post-effective amendment
including financial statements and schedules, documents incorporated or deemed
to be incorporated by reference therein and the exhibits of the Registration
Statement), (ii) of the issuance by the Commission of any stop order
suspending the effectiveness of a Registration Statement or of any order
preventing or suspending the use of any Prospectus or the initiation of any
proceedings for that purpose, (iii) if at any time when a Prospectus is
required by the Securities Act to be delivered in connection with sales of the
Registrable Notes or resales of Exchange Notes by Participating Broker-Dealers,
the representations and warranties of the Issuers contained in any agreement
(including any underwriting agreement) contemplated by Section 5(m) hereof
cease to be true and correct in all material respects, (iv) of the receipt
by any of the Issuers of any notification with respect to the suspension of the
qualification or exemption from qualification of a Registration Statement or
any of the Registrable Notes or the Exchange Notes for offer or sale in any
jurisdiction, or the initiation or threatening of any proceeding for such
purpose by any governmental authority, (v) of the happening of any event,
the existence of any condition or any information becoming known to any Issuer
that makes any statement made in such Registration Statement or related
Prospectus or any document incorporated or deemed to be incorporated therein by
reference untrue in any material respect or that requires the making of any
changes in or amendments or supplements to such Registration Statement, or
related Prospectus so that, in the case of the Registration Statement, it will
not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading, and that in the case of the Prospectus, it will not
contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading,
and (vi) of the Company’s determination that a post-effective amendment to
a Registration Statement would be appropriate.

 

(d)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, the Issuers shall use their reasonable best efforts to
prevent the issuance of any order suspending the effectiveness of a Registration
Statement or of any order preventing or suspending the use of a Prospectus or
suspending the qualification (or exemption from qualification) of any of the
Registrable Notes or the Exchange Notes, as the case may be, for sale in any
jurisdiction during the applicable Effectiveness Period or the Applicable
Period, and, if any such order is issued during such period, to use their
reasonable best efforts to obtain the withdrawal of any such order at the
earliest practicable moment.

 

(e)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof or
(2) a Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period and if requested by the managing underwriter or underwriters
(if any), the Holders of a majority in aggregate principal amount of the
Registrable Notes covered by such Registration Statement or any Participating
Broker-Dealer, as the case may be, the Issuers shall (i) promptly
incorporate into such Registration

 

11

 

Statement or Prospectus a prospectus supplement or post-effective
amendment containing such information as the managing underwriter or
underwriters (if any), such Holders or any Participating Broker-Dealer, as the
case may be (based upon advice of counsel), determine is reasonably required to
be included therein under federal securities laws and (ii) make all
required filings of such prospectus supplement or such post-effective amendment
as soon as practicable after the Company has received notification of the
matters to be incorporated in such prospectus supplement or post-effective
amendment; provided, however, that the Issuers shall not be
required to take any action hereunder that would, in the written opinion of counsel
to the Issuers, violate applicable laws.

 

(f)            If
(1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, the Issuers shall furnish to each selling Holder of
Registrable Notes or each such Participating Broker-Dealer, as the case may be,
who so requests, their counsel (if requested by any such person) and each
managing underwriter, if any, at the sole expense of the Issuers, one copy of
the Registration Statement or Registration Statements and each post-effective
amendment thereto, including financial statements and schedules, and, if requested,
all documents incorporated or deemed to be incorporated therein by reference
and all exhibits.

 

(g)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, the Issuers shall deliver to each selling Holder of
Registrable Notes or each such Participating Broker-Dealer, as the case may be,
their respective counsel (if requested) and the underwriters, if any, at the
sole expense of the Issuers, as many copies of the Prospectus or Prospectuses
(including each form of preliminary prospectus) and each amendment or
supplement thereto and any documents incorporated by reference therein as such
Persons may reasonably request; and, subject to the last paragraph of this
Section 5, the Issuers hereby consent to the use of such Prospectus and
each amendment or supplement thereto by each of the selling Holders of
Registrable Notes or each such Participating Broker-Dealer, as the case may be,
and the underwriters or agents, if any, and dealers (if any), in connection
with the offering and sale of the Registrable Notes covered by, or the sale by
Participating Broker-Dealers of the Exchange Notes pursuant to, such Prospectus
and any amendment or supplement thereto.

 

(h)           Prior
to any public offering of Registrable Notes or Exchange Notes pursuant to the
Exchange Offer or any delivery of a Prospectus contained in the Exchange Offer
Registration Statement by any Participating Broker-Dealer who seeks to sell
Exchange Notes during the Applicable Period, the Issuers shall use their
reasonable best efforts to register or qualify, and to cooperate with the
selling Holders of Registrable Notes or each such Participating Broker-Dealer,
as the case may be, the managing underwriter or underwriters, if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable Notes or
Exchange Notes, as the case may be, for offer and sale under the securities or
Blue Sky laws of such jurisdictions within the United

 

12

 

States as any selling Holder, Participating Broker-Dealer, or the
managing underwriter or underwriters reasonably request; provided, however,
that where Exchange Notes or Registrable Notes are offered other than through
an underwritten offering, the Issuers agree to cause the Issuers’ counsel to perform
Blue Sky investigations and file registrations and qualifications required to
be filed pursuant to this Section 5(h); keep each such registration or
qualification (or exemption therefrom) effective during the period such
Registration Statement is required to be kept effective and do any and all
other acts or things reasonably necessary or advisable to enable the disposition
in such jurisdictions of such Exchange Notes or Registrable Notes covered by
the applicable Registration Statement; provided, however, that no
Issuer shall be required to (A) qualify generally to do business in any
jurisdiction where it is not then so qualified, (B) take any action that would
subject it to general service of process in any such jurisdiction where it is
not then so subject or (C) subject itself to taxation in excess of a nominal
dollar amount in any such jurisdiction where it is not then so subject.

 

(i)            If
a Shelf Registration is filed pursuant to Section 3 hereof, the Issuers
shall cooperate with the selling Holders of Registrable Notes and the managing
underwriter or underwriters, if any, to facilitate the timely preparation and
delivery of certificates representing Registrable Notes to be sold, which
certificates shall not bear any restrictive legends and shall be in a form eligible
for deposit with The Depository Trust Company; and the Issuers shall enable
such Registrable Notes to be in such denominations and registered in such names
as the managing underwriter or underwriters, if any, or selling Holders may
request at least two Business Days prior to any sale of such Registrable Notes.

 

(j)            The
Issuers shall use their reasonable best efforts to cause the Registrable Notes
or Exchange Notes covered by any Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be reasonably
necessary to enable the seller or sellers thereof or the underwriter or
underwriters, if any, to consummate the disposition of such Registrable Notes
or Exchange Notes, except as may be required solely as a consequence of the
nature of such selling Holder’s business, in which case the Issuers will
cooperate in all reasonable respects with the filing of such Registration
Statement and the granting of such approvals.

 

(k)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof, or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, the Issuers shall, upon the occurrence of any event
contemplated by Section 5(c)(v) or 5(c)(vi) hereof, as promptly as practicable
prepare and (subject to Section 5(a) and the penultimate paragraph of this
Section 5) file with the Commission, at the sole expense of the Issuers, a
supplement or post-effective amendment to the Registration Statement or a
supplement to the related Prospectus or any document incorporated or deemed to
be incorporated therein by reference, or file any other required document so
that, as thereafter delivered to the purchasers of the Registrable Notes being
sold thereunder or to the purchasers of the Exchange Notes to whom such
Prospectus will be delivered by a Participating Broker-Dealer, any such
Prospectus will not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary

 

13

 

to make the statements therein, in the light of the circumstances under
which they were made, not misleading.

 

(l)            Prior
to the effective date of the first Registration Statement relating to the
Registrable Notes, the Issuers shall (i) provide the Trustee with
certificates for the Registrable Notes in a form eligible for deposit with The
Depository Trust Company and (ii) provide a CUSIP number for the
Registrable Notes.

 

(m)          In
connection with any underwritten offering of Registrable Notes pursuant to a
Shelf Registration, the Issuers shall enter into an underwriting agreement as
is customary in underwritten offerings of debt securities similar to the Notes
and take all such other actions as are reasonably requested by the managing
underwriter or underwriters in order to expedite or facilitate the registration
or the disposition of such Registrable Notes and, whether or not such offering
is an underwritten offering, (i) make such representations and warranties
to the underwriter or underwriters (and to any Holder that has advised the
Company that such Holder may have a “due diligence” defense under
Section 11 of the Securities Act), and provide covenants to the
underwriters with respect to the business of the Issuers and their subsidiaries
(including any acquired business, properties or entity, if applicable), and the
Registration Statement, Prospectus and documents, if any, incorporated or
deemed to be incorporated by reference therein, in each case, as are
customarily made by issuers to underwriters in underwritten offerings of debt
securities similar to the Registrable Notes, and confirm the same in writing if
and when requested; (ii) use their reasonable best efforts to obtain the
written opinions of counsel to the Issuers and written updates thereof in form,
scope and substance reasonably satisfactory to the managing underwriter or
underwriters, addressed to the underwriters (and to any Holder that has advised
the Company that such Holder may have a “due diligence” defense under
Section 11 of the Securities Act) covering the matters customarily covered
in opinions requested in underwritten offerings of debt securities similar to
the Registrable Notes; (iii) use their reasonable best efforts to obtain
“cold comfort” letters and updates thereof in form, scope and substance
reasonably satisfactory to the managing underwriter or underwriters from the
independent certified public accountants of the Issuers (and, if necessary, any
other independent certified public accountants of any subsidiary of the Company
or of any business acquired by the Company for which financial statements and
financial data are, or are required to be, included or incorporated by
reference in the Registration Statement), addressed to each of the underwriters
(and to any Holder that has advised the Company that such Holder may have a
“due diligence” defense under Section 11 of the Securities Act), such
letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings of
debt securities similar to the Registrable Notes; and (iv) if an underwriting
agreement is entered into, the same shall contain indemnification provisions and
procedures no less favorable than those set forth in Section 7 hereof (or
such other provisions and procedures acceptable to Holders of a majority in
aggregate principal amount of Registrable Notes covered by such Registration
Statement and the managing underwriter or underwriters or agents) with respect
to all parties to be indemnified pursuant to said Section; provided that
the Issuers shall not be required to provide indemnification to any underwriter
selected in accordance with the provisions of Section 9 hereof with respect to
information relating to such underwriter furnished in writing to the Company by
or on behalf of such underwriter expressly for inclusion in such Registration
Statement.  The

 

14

 

above shall be done at each closing under such underwriting agreement,
or as and to the extent required thereunder.

 

(n)           If
(1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a
Prospectus contained in the Exchange Offer Registration Statement filed
pursuant to Section 2 hereof is required to be delivered under the Securities
Act by any Participating Broker-Dealer who seeks to sell Exchange Notes during
the Applicable Period, the Issuers shall make available for inspection by any
selling Holder of such Registrable Notes being sold or each such Participating
Broker-Dealer, as the case may be, any underwriter participating in any such
disposition of Registrable Notes, if any, and any attorney, accountant or other
agent retained by any such selling Holder or each such Participating
Broker-Dealer, as the case may be, or underwriter (collectively, the “Inspectors”),
at the offices where they are normally kept, during reasonable business hours,
all financial and other records, pertinent corporate documents and instruments
of the Company and its subsidiaries (collectively, the “Records”) as
shall be reasonably necessary to enable them to exercise any applicable due
diligence responsibilities under federal securities laws, and cause the
officers, directors and employees of the Company and its subsidiaries to supply
all information reasonably requested by any such Inspector in connection with
such Registration Statement and Prospectus. 
Each Inspector shall agree in writing that it will keep the Records confidential
and that it will not disclose or use any Records that the Company determines,
in good faith, to be confidential and are so marked as confidential or if the
Company notifies the Inspectors in writing that it is confidential unless
(i) the disclosure of such Records is necessary to avoid or correct a
misstatement or omission in such Registration Statement or Prospectus,
(ii) the release of such Records is ordered pursuant to a subpoena or
other order from a court of competent jurisdiction, (iii) disclosure of
such information is necessary or advisable in the opinion of counsel for an
Inspector in connection with any action, claim, suit or proceeding, directly or
indirectly, involving or potentially involving such Inspector and arising out
of, based upon, relating to, or involving this Agreement or the Purchase
Agreement, or any transactions contemplated hereby or thereby or arising
hereunder or thereunder, or (iv) the information in such Records has been
made generally available to the public; provided, however, that
(a) each Inspector shall agree to use reasonable best efforts to provide
notice to the Company of the potential disclosure of any information by such
Inspector pursuant to clause (i), (ii) or (iii) of this sentence to permit the
Issuers to obtain a protective order (or waive the provisions of this paragraph
(n)) and (b) each such Inspector shall take such actions as are reasonably
necessary to protect the confidentiality of such information to the extent such
action is otherwise not inconsistent with, an impairment of or in derogation of
the rights and interests of the Holder or any Inspector.

 

(o)           The
Issuers shall provide an indenture trustee for the Registrable Notes or the
Exchange Notes, as the case may be, and cause the Indenture or the trust
indenture provided for in Section 2(b) hereof to be qualified under the TIA not
later than the effective date of the Exchange Offer or the first Registration
Statement relating to the Registrable Notes; and in connection therewith,
cooperate with the trustee under any such indenture and the Holders of the
Registrable Notes or Exchange Notes, as applicable, to effect such changes to
such indenture as may be required for such indenture to be so qualified in
accordance with the terms of the TIA; and execute, and use their reasonable
best efforts to cause such trustee to execute, all documents as may be required
to effect such changes, and all other forms and documents required

 

15

 

to be filed with the Commission to enable such indenture to be so
qualified in a timely manner.

 

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

 

(q)           Upon
the request of a Holder, the Issuers shall, upon consummation of the Exchange
Offer or a Private Exchange, use their reasonable best efforts to obtain an
opinion of counsel to the Issuers, in a form customary for underwritten transactions,
addressed to the Trustee for the benefit of all Holders of Registrable Notes
participating in the Exchange Offer or the Private Exchange, as the case may
be, that the Exchange Notes or Private Exchange Notes, as the case may be, and
the related indenture constitute legal, valid and binding obligations of the Issuers,
enforceable against the Issuers in accordance with its respective terms,
subject to customary exceptions and qualifications.

 

(r)            If
the Exchange Offer or a Private Exchange is to be consummated, the Issuers
shall, upon delivery of the Registrable Notes by Holders to the Company (or to
such other Person as directed by the Company) in exchange for the Exchange
Notes or the Private Exchange Notes, as the case may be, mark, or cause to be
marked, on such Registrable Notes that such Registrable Notes are being
cancelled in exchange for the Exchange Notes or the Private Exchange Notes, as
the case may be; provided that in no event shall such Registrable Notes
be marked as paid or otherwise satisfied.

 

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

 

(t)            The
Issuers shall use their reasonable best efforts to take all other steps reasonably
necessary or advisable to effect the registration of the Exchange Notes and/or
Registrable Notes covered by a Registration Statement contemplated hereby.

 

The Company
may require each seller of Registrable Notes or Exchange Notes as to which any
registration is being effected to furnish to the Company such information regarding
such seller and the distribution of such Registrable Notes or Exchange Notes as
the Company may, from time to time, reasonably request.  The Company may exclude from such
registration the Registrable Notes of any seller so long as such seller fails
to furnish such information within a reasonable time after receiving such
request and in the event of such an exclusion, the Issuers shall have no
further obligation

 

16

 

under this Agreement (including, without
limitation, the obligations under Section 4) with respect to such seller
or any subsequent Holder of such Registrable Notes.  Each seller as to which any Shelf Registration is being effected
agrees to furnish promptly to the Company all information required to be
disclosed in order to make any information previously furnished to the Company by
such seller not materially misleading.

 

If any such
Registration Statement refers to any Holder by name or otherwise as the holder
of any securities of the Company or the Guarantors, then such Holder shall have
the right to require (i) the insertion therein of language, in form and
substance reasonably satisfactory to such Holder, to the effect that the
holding by such Holder of such securities is not to be construed as a recommendation
by such Holder of the investment quality of the securities covered thereby and
that such holding does not imply that such Holder will assist in meeting any
future financial requirements of the Company or the Guarantors, or (ii) in the
event that such reference to such Holder by name or otherwise is not required
by the Securities Act or any similar federal statute then in force, the
deletion of the reference to such Holder in any amendment or supplement to the
applicable Registration Statement filed or prepared subsequent to the time that
such reference ceases to be required.

 

Each Holder of
Registrable Notes and each Participating Broker-Dealer agrees by acquisition of
such Registrable Notes or Exchange Notes that, upon the Company providing
notice to such Holder or Participating Broker-Dealer, as the case may be, (x)
of the happening of any event of the kind described in Section 5(c)(ii),
5(c)(iii), 5(c)(iv), or 5(c)(v) hereof, or (y) that the Board of Directors
of the Company (the “Board of Directors”) has resolved that the Company
has a bona
fide business purpose for doing so, then, upon providing such notice
(which shall refer to the penultimate paragraph of this Section 5), the Issuers
may delay the filing or the effectiveness of the Exchange Offer Registration
Statement or the Shelf Registration (if not then filed or effective, as
applicable) and shall not be required to maintain the effectiveness thereof or
amend or supplement the Exchange Offer Registration Statement or the Shelf
Registration, in all cases, for a period (a “Delay Period”) expiring
upon the earlier to occur of (i) in the case of the immediately preceding
clause (x), such Holder’s or Participating Broker-Dealer’s receipt of the
copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof or until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus may be resumed, and
has received copies of any amendments or supplements thereto or (ii) in
the case of the immediately preceding clause (y), the date which is the
earlier of (A) the date on which such business purpose ceases to interfere
with the Issuers’ obligations to file or maintain the effectiveness of any such
Registration Statement pursuant to this Agreement or (B) 60 days after the
Company notifies the Holders of such good faith determination.  There shall not be more than 60 days of
Delay Periods during any 12-month period. 
The maximum length of the Applicable Period set forth in Section 2(b)
shall be extended by a number of days equal to the number of days during any
Delay Period.  Any Delay Period will not
alter the obligations of the Issuers to pay Additional Interest under the
circumstances set forth in Section 4 hereof.

 

Each Holder or
Participating Broker-Dealer, by its acceptance of any Registrable Note, agrees
that during any Delay Period, each Holder or Participating Broker-Dealer will
discontinue disposition of such Notes or Exchange Notes covered by such
Registration Statement or Prospectus or Exchange Notes to be sold by such
Holder or Participating Broker-Dealer, as the case may be.

 

17

 

Section 6.               Registration Expenses

 

All fees and
expenses incident to the performance of or compliance with this Agreement by
the Issuers (other than any underwriting discounts or commissions) shall be
borne by the Issuers, whether or not the Exchange Offer Registration Statement
or the Shelf Registration is filed or becomes effective or the Exchange Offer
is consummated, including, without limitation, (i) all registration and
filing fees (including, without limitation, fees and expenses of compliance
with state securities or Blue Sky laws (including, without limitation, fees and
disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Notes or Exchange Notes and determination of the eligibility of the
Registrable Notes or Exchange Notes for investment under the laws of such
jurisdictions (x) where the holders of Registrable Notes are located, in
the case of an Exchange Offer, or (y) as provided in Section 5(h) hereof,
in the case of a Shelf Registration or in the case of Exchange Notes to be sold
by a Participating Broker-Dealer during the Applicable Period)),
(ii) printing expenses, including, without limitation, expenses of
printing certificates for Registrable Notes or Exchange Notes in a form
eligible for deposit with The Depository Trust Company and of printing
prospectuses if the printing of prospectuses is requested by the managing
underwriter or underwriters, if any, or by the Holders of a majority in
aggregate principal amount of the Registrable Notes included in any
Registration Statement or in respect of Exchange Notes to be sold by any
Participating Broker-Dealer during the Applicable Period, as the case may be,
(iii) messenger, telephone and delivery expenses, (iv) fees and
disbursements of counsel for the Issuers and the reasonable fees and
disbursements of one special counsel for all of the sellers of Registrable
Notes (exclusive of any counsel retained pursuant to Section 7 hereof)
selected by the Holders of a majority in aggregate principal amount of Notes,
Exchange Notes and Private Exchange Notes being registered and reasonably
satisfactory to the Issuers, (v) fees and disbursements of all independent
certified public accountants referred to in Section 5(m)(iii) hereof
(including, without limitation, the expenses of any special audit and “cold comfort”
letters required by or incident to such performance), (vi) Securities Act
liability insurance, if the Issuers desire such insurance, (vii) fees and
expenses of all other Persons retained by any of the Issuers,
(viii) internal expenses of the Issuers (including, without limitation,
all salaries and expenses of officers and employees of the Company performing
legal or accounting duties), (ix) the expense of any annual audit,
(x) the fees and expenses incurred in connection with the listing of the
securities to be registered on any securities exchange, and the obtaining of a
rating of the securities, in each case, if applicable, (xi) any required fees
and expenses incurred in connection with any filing required to be made with
the NASD and (xii) the expenses relating to printing, word processing and
distributing all Registration Statements, underwriting agreements, indentures
and any other documents necessary in order to comply with this Agreement.  Notwithstanding the foregoing or anything to
the contrary, each Holder shall pay all underwriting discounts and commissions
of any underwriters with respect to any Registrable Notes sold by or on behalf
of it.

 

Section 7.               Indemnification

 

(a)           The Issuers, jointly
and severally, agree to indemnify and hold harmless each Holder of Registrable
Notes and each Participating Broker-Dealer selling Exchange Notes during the
Applicable Period, each Person, if any, who controls any such Person within the
meaning of Section 15 of the Securities Act or Section 20(a) of the
Exchange Act, the agents, employees, officers and directors of each Holder and
each such Participating Broker-Dealer and the agents, partners, members,
employees, officers, managers and directors of any such controlling Person
(each, a “Participant”)

 

18

 

from and
against any and all losses, liabilities, claims, damages and expenses
whatsoever (including, but not limited to, reasonable attorneys’ fees and any
and all reasonable expenses whatsoever actually incurred in investigating,
preparing or defending against any litigation, commenced or threatened, or any
claim whatsoever, and any and all reasonable amounts paid in settlement of any
claim or litigation) (collectively, “Losses”) to which they or any of
them may become subject under the Securities Act, the Exchange Act or otherwise
insofar as such Losses (or actions in respect thereof) arise out of or are
based upon any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement (or any amendment thereto) or
Prospectus (as amended or supplemented if the Company shall have furnished any
amendments or supplements thereto) or any preliminary prospectus, or caused by,
arising out of or based upon any omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein, in the case of the Prospectus, in the light of the
circumstances under which they were made, not misleading, provided that
(i) the foregoing indemnity shall not be available to any Participant insofar
as such Losses are caused by any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with information
relating to such Participant furnished to the Company in writing by or on behalf
of such Participant expressly for use therein, and (ii) the foregoing indemnity
with respect to any preliminary prospectus shall not inure to the benefit of
any Participant from whom the Person asserting such Losses purchased
Registrable Notes if (x) it is established in the related proceeding that
such Participant failed to send or give a copy of the Prospectus (as amended or
supplemented if such amendment or supplement was furnished to such Participant
prior to the written confirmation of such sale) to such Person with or prior to
the written confirmation of such sale, if required by applicable law, and
(y) the untrue statement or omission or alleged untrue statement or
omission was completely corrected in the Prospectus (as amended or supplemented
if amended or supplemented as aforesaid) and such Prospectus does not contain
any other untrue statement or omission or alleged untrue statement or omission
that was the subject matter of the related proceeding.  This indemnity agreement will be in addition
to any liability that the Issuers may otherwise have, including, but not
limited to, liability under this Agreement.

 

(b)           Each Participant
agrees, severally and not jointly, to indemnify and hold harmless each Issuer,
each Person, if any, who controls any Issuer within the meaning of
Section 15 of the Securities Act or Section 20(a) of the Exchange
Act, and each of their respective agents, partners, members, employees,
officers and members of the board of directors from and against any Losses to
which they or any of them may become subject under the Securities Act, the
Exchange Act or otherwise insofar as such Losses (or actions in respect
thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of a material fact contained in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) or any preliminary
prospectus, or caused by, arising out of or based upon any omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the case of the Prospectus, in the
light of the circumstances under which they were made, not misleading, in each
case to the extent, but only to the extent, that any such Loss arises out of or
is based upon any untrue statement or alleged untrue statement or omission or
alleged omission made in reliance upon and in conformity with information
relating to such Participant furnished in writing to the Company by or on
behalf of such Participant expressly for use therein.

 

19

 

(c)           Promptly after receipt
by an indemnified party under subsection 7(a) or 7(b) above of notice of the
commencement of any action, suit or proceeding (collectively, an “action”),
such indemnified party shall, if a claim in respect thereof is to be made
against the indemnifying party under such subsection, notify each party against
whom indemnification is to be sought in writing of the commencement of such
action (but the failure so to notify an indemnifying party shall not relieve
such indemnifying party from any liability that it may have under this Section
7 except to the extent that it has been prejudiced in any material respect by
such failure).  In case any such action
is brought against any indemnified party, and it notifies an indemnifying party
of the commencement of such action, the indemnifying party will be entitled to
participate in such action, and to the extent it may elect by written notice
delivered to the indemnified party promptly after receiving the aforesaid notice
from such indemnified party, to assume the defense of such action with counsel
reasonably satisfactory to such indemnified party.  Notwithstanding the foregoing, the indemnified party or parties
shall have the right to employ its or their own counsel in any such action, but
the reasonable fees and expenses of such counsel shall be at the expense of
such indemnified party or parties unless (i) the employment of such counsel
shall have been authorized in writing by the indemnifying parties in connection
with the defense of such action, (ii) the indemnifying parties shall not have
employed counsel to take charge of the defense of such action within a
reasonable time after notice of commencement of the action, or (iii) the named
parties to such action (including any impleaded parties) include such indemnified
party and the indemnifying party or parties (or such indemnifying parties have
assumed the defense of such action), and such indemnified party or parties
shall have reasonably concluded, after consultation with counsel, that there
may be defenses available to it or them that are different from or additional
to those available to one or all of the indemnifying parties (in which case the
indemnifying parties shall not have the right to direct the defense of such
action on behalf of the indemnified party or parties), in any of which events
such reasonable fees and expenses of counsel shall be borne by the indemnifying
parties.  In no event shall the
indemnifying party be liable for the reasonable fees and expenses of more than
one counsel (together with appropriate local counsel) at any time for all indemnified
parties in connection with any one action or separate but substantially similar
or related actions arising in the same jurisdiction out of the same general
allegations or circumstances.  Any such
separate firm for the Participants shall be designated in writing by
Participants who sold a majority in interest of Registrable Notes sold by all
such Participants and shall be reasonably acceptable to the Company and any
such separate firm for the Issuers, their affiliates, officers, directors, representatives,
employees and agents and such control Person of such Issuer shall be designated
in writing by such Issuers and shall be reasonably acceptable to the Participants
who sold a majority interest of Registrable Notes sold by all such
Participants.  An indemnifying party
shall not be liable for any settlement of any claim or action effected without
its written consent, which consent may not be unreasonably withheld.  Notwithstanding the foregoing sentence, if
at any time an indemnified party shall have requested an indemnifying party to
reimburse the indemnified party for fees and expenses of counsel as contemplated
by paragraph (a) or (b) of this Section 7, then the indemnifying
party agrees that it shall be liable for any settlement of any proceeding
effected without its written consent if (i) such settlement is entered
into more than 45 days after receipt by such indemnifying party of the
aforesaid request, (ii) such indemnifying party shall not have reimbursed
the indemnified party in accordance with such request prior to the date of such
settlement and (iii) such indemnified party shall have given the indemnifying
party at least 45 days’ prior notice of its intention to settle.  No indemnifying party shall, without the
prior written consent of the indemnified party, effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is
or could have been a party and indemnity could have been sought hereunder by
such indemnified party, unless such settlement (x) includes

 

20

 

an
unconditional release of such indemnified party from all liability on claims
that are the subject matter of such proceeding and (y) 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)           In order to provide for
contribution in circumstances in which the indemnification provided for in this
Section 7 is for any reason held to be unavailable from the indemnifying party
for any Losses referred to therein, or is insufficient to hold harmless a party
indemnified under this Section 7 for any Losses referred to therein, each
indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of such aggregate Losses (i) in such proportion
as is appropriate to reflect the relative benefits received by each
indemnifying party, on the one hand, and each indemnified party, on the other
hand, from the sale of the Notes to the Initial Purchaser or the resale of the
Registrable Notes by such Holder, as applicable, or (ii) if such
allocation is not permitted by applicable law, in such proportion as is appropriate
to reflect not only the relative benefits referred to in clause (i) above but
also the relative fault of each indemnified party, on the one hand, and each
indemnifying party, on the other hand, in connection with the statements or
omissions that resulted in such Losses, as well as any other relevant equitable
considerations.  The relative benefits
received by the Issuers, on the one hand, and each Participant, on the other
hand, shall be deemed to be in the same proportion as (x) the total proceeds
from the sale of the Notes to the Initial Purchaser (net of discounts and
commissions but before deducting expenses) received by the Issuers are to (y)
the total net profit received by such Participant in connection with the sale
of the Registrable Notes.  The relative
fault of the parties shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Issuers or such Participant and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission.

 

(e)           The parties agree that
it would not be just and equitable if contribution pursuant to this Section 7
were determined by pro rata allocation or by any other method of allocation
that does not take into account the equitable considerations referred to
above.  Notwithstanding the provisions
of this Section 7, (i) in no case shall any Participant be required to
contribute any amount in excess of the amount by which the net profit received
by such Participant in connection with the sale of the Registrable Notes
exceeds the amount of any damages that such Participant has otherwise been
required to pay by reason of any untrue or alleged untrue statement or omission
or alleged omission and (ii) no person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled
to contribution from any person who was not guilty of such fraudulent
misrepresentation.  Any party entitled
to contribution will, promptly after receipt of notice of commencement of any
action against such party in respect of which a claim for contribution may be
made against another party or parties under this Section 7, notify such party
or parties from whom contribution may be sought, but the omission to so notify
such party or parties shall not relieve the party or parties from whom
contribution may be sought from any obligation it or they may have under this
Section 7 or otherwise, except to the extent that it has been prejudiced in any
material respect by such failure; provided, however, that no
additional notice shall be required with respect to any action for which notice
has been given under this Section 7 for purposes of indemnification.  Anything in this section to the contrary
notwithstanding, no party shall be liable for contribution with respect to any
action or claim settled without its written consent, provided, however,
that such written consent was not unreasonably withheld.

 

21

 

Section 8.               Rules 144 and 144A

 

The Issuers
covenant that they will file the reports required, if any, to be filed by them
under the Securities Act and the Exchange Act and the rules and regulations
adopted by the Commission thereunder in a timely manner in accordance with the
requirements of the Securities Act and the Exchange Act and, if at any time the
Issuers are not required to file such reports, they will, upon the request of
any Holder or beneficial owner of Registrable Notes, make available such
information necessary to permit sales pursuant to Rule 144A under the
Securities Act.  The Issuers further
covenant that for so long as any Registrable Notes remain outstanding they will
take such further action as any Holder of Registrable Notes may reasonably
request from time to time to enable such Holder to sell Registrable Notes
without registration under the Securities Act within the limitation of the
exemptions provided by (a) Rule 144(k) and Rule 144A under the Securities Act,
as such Rules may be amended from time to time, or (b) any similar rule or
regulation hereafter adopted by the Commission.

 

Section 9.               Underwritten Registrations

 

If any of the
Registrable Notes 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 Holders of a
majority in aggregate principal amount of such Registrable Notes included in
such offering and shall be reasonably acceptable to the Company.

 

No Holder of
Registrable Notes may participate in any underwritten registration hereunder if
such Holder does not (a) agree to sell such Holder’s Registrable Notes on
the basis provided in any underwriting arrangements approved by the Persons
entitled hereunder to approve such arrangements and (b) complete and
execute all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting
arrangements.

 

Section 10.             Miscellaneous

 

(a)           No Inconsistent Agreements.  The Issuers have not, as of the date hereof,
and shall not, after the date of this Agreement, enter into any agreement with
respect to any of their securities that is inconsistent with the rights granted
to the Holders of Registrable Notes in this Agreement or otherwise conflicts
with the provisions hereof.  The rights
granted to the Holders hereunder do not conflict with and are not inconsistent
with, in any material respect, the rights granted to the holders of any of the
Issuers’ other issued and outstanding securities under any such
agreements.  The Issuers have not
entered and will not enter into any agreement with respect to any of their
securities which will grant to any Person piggy-back registration rights with
respect to any Registration Statement.

 

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

 

(c)           Amendments and Waivers.  The provisions of this Agreement may not be
amended, modified or supplemented, and waivers or consents to departures from
the provisions hereof may not be given except pursuant to a written agreement
duly signed and delivered by (I) the Company

 

22

 

(on behalf of
all Issuers) and (II)(A) the Holders of not less than a majority in
aggregate principal amount of the then outstanding Registrable Notes and
(B) in circumstances that would adversely affect the Participating
Broker-Dealers, the Participating Broker-Dealers holding not less than a
majority in aggregate principal amount of the Exchange Notes held by all
Participating Broker-Dealers; provided, however, that Section 7 and this Section 10(c)
may not be amended, modified or supplemented except pursuant to a written
agreement duly signed and delivered by the Issuers and each Holder and each Participating
Broker-Dealer (including any Person who was a Holder or Participating Broker-Dealer
of Registrable Notes or Exchange Notes, as the case may be, disposed of
pursuant to any Registration Statement) affected by any such amendment,
modification, waiver or supplement. 
Notwithstanding the foregoing, a waiver or consent to depart from the provisions
hereof with respect to a matter that relates exclusively to the rights of
Holders of Registrable Notes whose securities are being sold pursuant to a
Registration Statement and that does not directly or indirectly affect, impair,
limit or compromise the rights of other Holders of Registrable Notes may be
given by Holders of at least a majority in aggregate principal amount of the
Registrable Notes being sold pursuant to such Registration Statement.

 

Notices.  Except as otherwise herein provided, all
statements, requests, notices and agreements shall be in writing or by
facsimile and, if to the Initial Purchaser, shall be sufficient in all respects
if delivered or sent to UBS Securities LLC, 677 Washington Boulevard, Stamford,
Connecticut 06901, Attention: High Yield Syndicate Department, telephone no.
(203) 719-3000, facsimile no. (203) 719-1075 with a copy to (for informational
purposes only): Attention: Legal Department, telephone no. (203) 719-0680,
facsimile no. (212) 821-4042, and, if to any Issuer, shall be sufficient in all
respects if delivered or sent to the Company at the offices of the Company at
150 Motor Parkway, Hauppauge, New York 11788, Attention:  Thomas Axmacher, Chief Financial Officer,
facsimile no. (631) 232-9323, with a copy to Nancy F. Lanis, Executive Vice
President, General Counsel and Secretary of the Company, facsimile no. (631)
233-8106.

 

(d)           Guarantors.  So long as any Registrable Notes remain outstanding,
the Issuers shall cause each Person that becomes a guarantor of the Notes under
the Indenture to execute and deliver a counterpart to this Agreement which
subjects such Person to the provisions of this Agreement as a Guarantor.  Each of the Guarantors agrees to join the
Issuers in all of their undertakings hereunder to effect the Exchange Offer for
the Exchange Notes and the filing of any Shelf Registration required hereunder.

 

(e)           Successors and Assigns.  This Agreement shall inure to the benefit of
and be binding upon the successors and assigns of each of the parties hereto,
the Holders and the Participating Broker-Dealers; provided, however,
that this Agreement shall not inure to the benefit of or be binding upon a
successor or assign of a Holder unless and to the extent such successor or
assign holds Registrable Notes.

 

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

 

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

 

23

 

(h)           Governing
Law.  THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
AS APPLIED TO CONTRACTS MADE AND PERFORMED WHOLLY WITHIN THE STATE OF NEW YORK,
WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

 

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

 

(j)            Securities Held by the Issuers or
Their Affiliates.  Whenever the
consent or approval of Holders of a specified percentage of Registrable Notes
is required hereunder, Registrable Notes held by the Issuers or any of their
affiliates (as such term is defined in Rule 405 under the Securities Act) shall
not be counted in determining whether such consent or approval was given by the
Holders of such required percentage.

 

(k)           Third-Party Beneficiaries.  Holders and beneficial owners of Registrable
Notes and Participating Broker-Dealers are intended third-party beneficiaries
of this Agreement, and this Agreement may be enforced by such Persons.  No other Person is intended to be, or shall
be construed as, a third-party beneficiary of this Agreement.

 

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

 

24

 

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

 

	
   

  	
  CURATIVE
  HEALTH SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas W. Axmacher

  	
   

  
	
   

  	
   

  	
  Name: Thomas
  W. Axmacher

  
	
   

  	
   

  	
  Title: Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  EBIOCARE.COM

  
	
   

  	
  APEX
  THERAPEUTIC CARE, INC.

  
	
   

  	
  CHS
  SERVICES, INC.

  
	
   

  	
  CRITICAL
  CARE SYSTEMS, INC.

  
	
   

  	
  CURATIVE
  HEALTH SERVICES OF NEW YORK, INC.

  
	
   

  	
  OPTIMAL CARE
  PLUS, INC.

  
	
   

  	
  MEDCARE,
  INC.

  
	
   

  	
  CURATIVE
  PHARMACY SERVICES, INC.

  
	
   

  	
  CURATIVE
  HEALTH SERVICES CO.

  
	
   

  	
  CURATIVE
  HEALTH SERVICES III CO.,

  
	
   

  	
  as Guarantors

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas W. Axmacher

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HEMOPHILIA
  ACCESS, INC.

  
	
   

  	
  as Guarantor

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William Tella

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  INFINITY
  INFUSION , LLC

  
	
   

  	
  By: Curative
  Health Services, Inc., its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas W. Axmacher

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

 

	
   

  	
  INFINITY
  INFUSION II, LLC

  
	
   

  	
  By: Curative
  Health Services, Inc., its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas W. Axmacher

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
  INFINITY
  INFUSION CARE, LTD.

  
	
   

  	
  By: Infinity
  Infusion II, LLC, its sole general partner

  
	
   

  	
  By: Curative
  Health Services, Inc., the sole member of Infinity Infusion II, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas W. Axmacher

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  UBS
  SECURITIES LLC, as Initial Purchaser

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Authorized Signatory

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Authorized Signatory

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:Exhibit 4.3

 

THE SECURITY (OR ITS PREDECESSOR) EVIDENCED BY THIS CERTIFICATE WAS
ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF
THE U.S. SECURITIES ACT OF 1933, AND THE SECURITY EVIDENCED BY THIS CERTIFICATE
MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF
REGISTRATION OR AN APPLICABLE EXEMPTION FROM THE SECURITIES ACT.  EACH PURCHASER OF THE SECURITY EVIDENCED BY
THIS CERTIFICATE (1) BY ITS ACQUISITION OF THE SECURITY REPRESENTS THAT (A) IT
IS A “QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE
SECURITIES ACT) OR (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THE SECURITY
EVIDENCED BY THIS CERTIFICATE IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH
REGULATION S UNDER THE SECURITIES ACT, AND (2) IS HEREBY NOTIFIED THAT THE
SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE
SECURITIES ACT PROVIDED BY RULE 144A OR ANOTHER EXEMPTION UNDER THE SECURITIES
ACT.  THE HOLDER OF THE SECURITY
EVIDENCED BY THIS CERTIFICATE AGREES FOR THE BENEFIT OF THE ISSUER AND THE
GUARANTORS THAT (X) THIS SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY (1)(A) TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES
ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (B) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144 UNDER THE SECURITIES ACT, IF
AVAILABLE, OR ANOTHER AVAILABLE EXEMPTION UNDER THE SECURITIES ACT, (C) OUTSIDE
THE UNITED STATES TO A PERSON THAT IS NOT A U.S. PERSON (AS DEFINED IN RULE 902
UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF
REGULATION S UNDER THE SECURITIES ACT, (D) TO AN ACCREDITED INVESTOR (WITHIN
THE MEANING OF RULE 501(a)(1), (2), (3), OR (7) UNDER THE SECURITIES ACT) (AN
“INSTITUTIONAL ACCREDITED INVESTOR”) THAT IS PURCHASING AT LEAST $250,000 OF
NOTES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF AN INSTITUTIONAL ACCREDITED
INVESTOR (AND BASED UPON AN OPINION OF COUNSEL IF THE ISSUER SO REQUESTS), (2)
TO THE ISSUER OR ANY OF ITS SUBSIDIARIES OR (3) UNDER AN EFFECTIVE REGISTRATION
STATEMENT AND, IN EACH CASE, IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (Y)
THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER FROM IT OF THE SECURITY EVIDENCED BY THIS CERTIFICATE OF THE RESALE RESTRICTIONS
DESCRIBED IN (X) ABOVE.  IN CONNECTION
WITH ANY TRANSFER OF THIS SECURITY WITHIN TWO YEARS AFTER THE ORIGINAL ISSUANCE
OF THIS SECURITY OR IF THE PROPOSED TRANSFEREE IS AN INSTITUTIONAL ACCREDITED
INVESTOR, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND
THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS EITHER
OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE
PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

 

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

 

 

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

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR
ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER
NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS
MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE,
BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR
SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE
LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
SECTION 2.16 OF THE INDENTURE.

 

[FACE OF NOTE]

 

CURATIVE HEALTH SERVICES, INC.

 

[   ]% Senior Notes due [  ]

 

	
   

  	
   

  	
  CUSIP No.

  	
   

  
	
  No.

  	
   

  	
  $

  	
   

  

 

CURATIVE
HEALTH SERVICES, INC., a Minnesota corporation (the “Issuer”), for value received
promise to pay to [        ] or its
registered assigns, the principal sum of or such other amount as is provided in
a schedule attached hereto on [       ],
2011.

 

Interest
Payment Dates: 
[                  ]
and [                  ],
commencing
[                  ],
2004.

 

Record
Dates: 
[                  ]
and
[                  ].

 

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

 

 

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

 

Dated: 
[             ],
2004

 

	
   

  	
  CURATIVE
  HEALTH SERVICES, INC., as Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
					

 

 

FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of
the [  ]% Senior Notes due 2011 described in the within-mentioned
Indenture.

 

Dated: 
[                  ],
2004

 

	
   

  	
  WELLS FARGO
  BANK, N.A., as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Signatory

  
					

 

 

[REVERSE OF NOTE]

 

[   ]% Senior Notes due 2011

 

Capitalized
terms used herein shall have the meanings assigned to them in the Indenture
referred to below unless otherwise indicated.

 

SECTION
1.  Interest.  Curative Health Services, Inc., a Minnesota
corporation (the “Issuer”), promises to pay interest on the
principal amount of this Note at [   ]% per annum from
[                   ],
2004 until maturity.  The Issuer will
pay interest semi-annually on
[                   ]
and [                   ]
of each year, or if any such day is not a Business Day, on the next succeeding
Business Day (each an “Interest Payment Date”), commencing
[                   ],
2004.  Interest on the Notes will accrue
from the most recent date to which interest has been paid or, if no interest
has been paid, from the date of original issuance.  The Issuer shall pay interest (including post-petition interest
in any proceeding under any Bankruptcy Law) on overdue principal and premium,
if any, from time to time on demand to the extent lawful at the interest rate
applicable to the Notes; it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace periods) from time to time on
demand at the same rate to the extent lawful. 
Interest will be computed on the basis of a 360-day year of twelve
30-day months.

 

SECTION
2.  Method of Payment.  The Issuer will pay interest on the Notes to
the Persons who are registered Holders of Notes at the close of business on the
[              ]
or [            ]
next preceding the Interest Payment Date, even if such Notes are canceled after
such record date and on or before such Interest Payment Date, except as
provided in Section 2.12 of the Indenture with respect to defaulted interest.  The Notes will be issued in denominations of
$1,000 and integral multiples thereof. 
The Issuer shall pay principal, premium, if any, and interest on the
Notes in such coin or currency of the United States of America as at the time
of payment is legal tender for payment of public and private debts (“U.S. Legal
Tender”).  Principal, premium,
if any, and interest on the Notes will be payable at the office or agency of
the Issuer maintained for such purpose except that, at the option of the
Issuer, the payment of interest may be made by check mailed to the Holders of
the Notes at their respective addresses set forth in the register of Holders of
Notes; provided
that for Holders that have given wire transfer instructions to the Issuer at
least ten Business Days prior to the applicable payment date, the Issuer will
make all payments of principal, premium and interest by wire transfer of
immediately available funds to the accounts specified by the Holders
thereof.  Until otherwise designated by
the Issuer, the Issuer’s office or agency in New York will be the office of the
Trustee maintained for such purpose.

 

SECTION
3.  Paying Agent and Registrar.  Initially, Wells Fargo Bank, N.A., the
Trustee under the Indenture, will act as Paying Agent and Registrar.  The Issuer may change any Paying Agent or
Registrar without notice to any Holder. 
Except as provided in the Indenture, the Issuer or any of their Subsidiaries
may act in any such capacity.

 

SECTION
4.  Indenture.  The Issuer issued the Notes under an Indenture
dated as of
[                   ],
2004 (“Indenture”)
by and among the Issuer, the Guarantors and the Trustee.  The terms of the Notes include those stated
in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb) (the
“Trust
Indenture Act”).  The Notes
are subject to all such terms, and Holders are referred to the Indenture and
the Trust Indenture Act for a statement of such terms.

 

SECTION
5.  Optional Redemption.  Except as set forth in Section 6 hereof, the
Notes will not be redeemable at the Issuer’s option prior to
[                   ],
2008 (the “First Call Date”).  On
or

 

 

after the First Call Date, the Notes will be
subject to redemption at any time at the option of the Issuer, in whole or in
part, upon not less than 30 nor more than 60 days’ notice, at the redemption
prices (expressed as percentages of principal amount) set forth below plus accrued
and unpaid interest thereon, if any, to the applicable Redemption Date, if
redeemed during the twelve-month period beginning on
[                   ]
of the years indicated below:

 

	
  Year

  	
   

  	
  Percentage

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  2008

  	
   

  	
  [             ]

  	
  %

  
	
  2009

  	
   

  	
  [             ]

  	
  %

  
	
  2010

  	
   

  	
  100.000

  	
  %

  

 

SECTION
6.  Redemption with Proceeds from
Equity Offerings.  At any time prior
to [           ], 2007,
the Issuer may redeem at its option on any one or more occasions up to 35% of
the aggregate principal amount of Notes issued under the Indenture with the net
cash proceeds of one or more Qualified Equity Offerings at a redemption price
equal to [   ]% of the principal amount of the Notes to be
redeemed, plus accrued and unpaid interest thereon, if any, to the Redemption
Date; provided
that (i) at least 65% of the aggregate principal amount of Notes issued under
the Indenture remains outstanding immediately after the occurrence of such
redemption and (ii) such redemption shall occur within 90 days of the date
of the closing of any such Qualified Equity Offering.

 

SECTION
7.  Notice of Redemption.  Notice of redemption will be mailed by first
class mail at least 30 days but not more than 60 days before the Redemption
Date to each Holder of Notes to be redeemed at its registered address.  Notes in denominations larger than $1,000
may be redeemed in part.  If any Note is
to be redeemed in part only, the notice of redemption that relates to such Note
shall state the portion of the principal amount thereof to be redeemed.  A new Note in principal amount equal to the
unredeemed portion thereof will be issued in the name of the Holder thereof
upon cancellation of the original Note. 
On and after the Redemption Date interest ceases to accrue on Notes or
portions thereof called for redemption.

 

SECTION
8.  No Mandatory Redemption.  For the avoidance of doubt, an
offer to purchase pursuant to Section 9 hereof shall not be deemed a
redemption.  The Issuer shall not be
required to make mandatory redemption payments with respect to the Notes.

 

SECTION
9.  Repurchase at Option of Holder.  Upon the occurrence of a Change
of Control, and subject to certain conditions set forth in the Indenture, the
Issuer will be required to offer to purchase all of the outstanding Notes at a
purchase price equal to 101% of the principal amount thereof, plus accrued and
unpaid interest, if any, thereon to the date of repurchase.

 

The Issuer is,
subject to certain conditions and exceptions, obligated to make an offer to
purchase Notes at 100% of their principal amount, plus accrued and unpaid interest,
if any, thereon to the date of repurchase, with certain net cash proceeds of
certain sales or other dispositions of assets in accordance with the Indenture.

 

SECTION
10.  Denominations, Transfer,
Exchange.  The Notes are in
registered form without coupons in denominations of $1,000 and integral
multiples of $1,000.  The transfer of
Notes may be registered and Notes may be exchanged as provided in the
Indenture.  The Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate endorsements
and transfer documents and the Issuer may require a Holder to pay any taxes and
fees required by law or permitted by the Indenture.  The Issuer and the Registrar are not required to transfer or
exchange any Note selected for

 

 

redemption. 
Also, the Issuer and the Registrar are not required to transfer or
exchange any Notes for a period of 15 days before a selection of Notes to be redeemed.

 

SECTION
11.  Persons Deemed Owners.  The registered Holder of a Note may be
treated as its owner for all purposes.

 

SECTION
12.  Amendment, Supplement and Waiver.  Subject to certain exceptions, the Indenture
and the Notes may be amended or supplemented with the written consent of the
Holders of at least a majority in aggregate principal amount of the Notes then
outstanding, and any existing Default or compliance with any provision may be
waived with the consent of the Holders of a majority in aggregate principal
amount of the Notes then outstanding. 
Without notice to or consent of any Holder, the parties thereto may
amend or supplement the Indenture and the Notes to, among other things, cure
any ambiguity, defect or inconsistency in the Indenture, provide for
uncertificated Notes in addition to certificated Notes, comply with any requirements
of the SEC in connection with the qualification of the Indenture under the
Trust Indenture Act, or make any change that does not materially adversely affect
the rights of any Holder of a Note.

 

SECTION
13.  Defaults and Remedies.  If a Default occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of the then
outstanding Notes generally may declare all the Notes to be due and payable
immediately.  Notwithstanding the foregoing,
in the case of a Default arising from certain events of bankruptcy or
insolvency as set forth in the Indenture, with respect to the Issuer, all outstanding
Notes will become due and payable without further action or notice.  Holders of the Notes may not enforce the
Indenture or the Notes except as provided in the Indenture.  Subject to certain limitations, Holders of a
majority in principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. 
The Trustee may withhold from Holders of the Notes notice of any
continuing Default (except a Default relating to the payment of principal or
interest, including an accelerated payment or the failure to make a payment on
the Change of Control Payment Date or the Net Proceeds Payment Date pursuant to
a Net Proceeds Offer, or a Default in complying with the provisions of Article
Five of the Indenture) if it determines that withholding notice is in their
interest.  The Holders of a majority in
aggregate principal amount of the Notes then outstanding, by notice to the
Trustee, may, on behalf of the Holders of all of the Notes, waive any existing
Default and its consequences under the Indenture, except a continuing Default
in the payment of interest on, or the principal of, or the premium on, the
Notes.

 

SECTION
14.  Restrictive Covenants.  The Indenture contains certain covenants
that, among other things, limit the ability of the Issuer and its Restricted
Subsidiaries to make restricted payments, to incur indebtedness, to create
liens, to sell assets, to permit restrictions on dividends and other payments
by Restricted Subsidiaries of the Issuer, to consolidate, merge or sell all or
substantially all of its assets or to engage in transactions with affiliates.  The limitations are subject to a number of
important qualifications and exceptions. 
The Issuer must annually report to the Trustee on compliance with such
limitations and other provisions in the Indenture.

 

SECTION
15.  No Recourse Against Others.  No director, officer, employee, incorporator,
stockholder, member or manager of the Issuer or any Guarantor shall have any
liability for any obligations of the Issuer under the Notes or the Indenture,
or of any Guarantor under its Note Guarantee or the Indenture or for any claim
based on, in respect of, or by reason of, such obligations or their
creation.  Each Holder of Notes, by
accepting a Note, waives and releases all such liability.  The waiver and release are part of the
consideration for issuance of the Notes.

 

 

SECTION
16.  Note Guarantees.  This Note will be entitled to the benefits
of certain Note Guarantees made for the benefit of the Holders.  Reference is hereby made to the Indenture
for a statement of the respective rights, limitations of rights, duties and
obligations thereunder of the Guarantors, the Trustee and the Holders.

 

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

 

SECTION
18.  Authentication.  This Note shall not be valid until authenticated
by the manual signature of the Trustee or an authenticating agent.

 

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

 

SECTION
20.  Additional Rights of Holders of
Restricted Global Notes and Restricted Definitive Notes.  Pursuant to, but subject to the exceptions
in, the Registration Rights Agreement, the Issuer and the Guarantors will be
obligated to use their commercially reasonable efforts to consummate an
exchange offer pursuant to which the Holder of this Note shall have the right
to exchange this Note for a [  ]% Senior Note due 2011 of the Issuer
which shall have been registered under the Securities Act, in like principal amount
and having terms identical in all material respects to this Note (except that
such note shall not be entitled to Additional Interest and shall not contain
terms with respect to transfer restrictions and the other rights under the
Registration Rights Agreement).  The
Holders shall be entitled to receive certain Additional Interest in the event
such exchange offer is not consummated or the Notes are not offered for resale
and upon certain other conditions, all pursuant to and in accordance with the
terms of the Registration Rights Agreement.

 

SECTION
21.  CUSIP and ISIN Numbers.  Pursuant to a recommendation promulgated by
the Committee on Uniform Security Identification Procedures, the Issuer has
caused CUSIP and ISIN numbers to be printed on the Notes and the Trustee may
use CUSIP or ISIN numbers in notices of redemption as a convenience to
Holders.  No representation is made as
to the accuracy of such numbers either as printed on the Notes or as contained
in any notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

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

 

The Issuer
will furnish to any Holder upon written request and without charge a copy of
the Indenture.

 

 

ASSIGNMENT FORM

 

	
  I or we
  assign and transfer this Note to

  
	
   

  
	
   

  
	
   

  
	
  (Print or
  type name, address and zip code of assignee or transferee)

  
	
   

  
	
   

  
	
  (Insert
  Social Security or other identifying number of assignee or transferee)

  

 

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

 

	
  Dated:

  	
   

  	
   

  	
  Signed:

  	
   

  	
   

  
	
   

  	
   

  	
  (Sign exactly as name appears on

  the other side of this Note)

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature Guarantee:

  	
   

  	
   

  
	
   

  	
  Participant in a recognized Signature Guarantee Medallion Program (or
  other signature guarantor program reasonably acceptable to the Trustee)

  
									

 

In connection
with any transfer of this Note occurring prior to the date which is the date
following the second anniversary of the original issuance of this Note, the
undersigned confirms that it has not utilized any general solicitation or
general advertising in connection with the transfer and is making the transfer
pursuant to one of the following:

 

[Check One]

 

	
  (1)

  	
  o

  	
   

  	
  to the
  Issuer or a subsidiary thereof; or

  
	
   

  	
   

  	
   

  	
   

  
	
  (2)

  	
  o

  	
   

  	
  to a person
  who the transferor reasonably believes is a “qualified institutional buyer”
  pursuant to and in compliance with Rule 144A under the Securities Act of
  1933, as amended (the “Securities Act”); or

  
	
   

  	
   

  	
   

  	
   

  
	
  (3)

  	
  o

  	
   

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

  
	
   

  	
   

  	
   

  	
   

  
	
  (4)

  	
  o

  	
   

  	
  outside the
  United States to a non-”U.S. person” as defined in Rule 902 of
  Regulation S under the Securities Act in compliance with Rule 904 of
  Regulation S under the Securities Act; or

  
	
   

  	
   

  	
   

  	
   

  
	
  (5)

  	
  o

  	
   

  	
  pursuant to
  the exemption from registration provided by Rule 144 under the Securities Act
  or pursuant to another exemption available under the Securities Act; or

  
	
   

  	
   

  	
   

  	
   

  
	
  (6)

  	
  o

  	
   

  	
  pursuant to
  an effective registration statement under the Securities Act.

  

 

 

and unless the
box below is checked, the undersigned confirms that such Note is not being transferred
to an “affiliate” of the Issuer as defined in Rule 144 under the Securities Act
(an “Affiliate”):

 

o    The transferee is an Affiliate
of the Issuer.

 

Unless one of
the foregoing items (1) through (6) is checked, the Trustee will refuse to
register any of the Notes evidenced by this certificate in the name of any
person other than the registered Holder thereof; provided, however,
that if item (3), (4) or (5) is checked, the Issuer or the Trustee may require,
prior to registering any such transfer of the Notes, in their sole discretion,
such written legal opinions, certifications (including an investment letter in
the case of box (3) or (4)) and other information as the Trustee or the Issuer
has reasonably requested to confirm that such transfer is being made pursuant
to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

 

If none of the
foregoing items (1) through (6) are checked, the Trustee or Registrar shall not
be obligated to register this Note in the name of any person other than the
Holder hereof unless and until the conditions to any such transfer of
registration set forth herein and in Section 2.16 of the Indenture shall
have been satisfied.

 

	
  Dated:

  	
   

  	
   

  	
  Signed:

  	
   

  	
   

  
	
   

  	
   

  	
  (Sign
  exactly as name appears on the other

  side of this Note)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature
  Guarantee:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Participant in a recognized Signature Guarantee Medallion Program (or
  other signature guarantor program reasonably acceptable to the Trustee)

  
							

 

 

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

 

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

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NOTICE:   To
  be executed by an executive officer

  

 

 

OPTION OF HOLDER TO ELECT PURCHASE

 

If you want to
elect to have this Note purchased by the Issuer pursuant to Section 4.09 or
Section 4.13 of the Indenture, check the appropriate box:

 

Section 4.09
[      ] Section 4.13
[       ]

 

If you want to
elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.09 or Section 4.13 of the Indenture, state the amount (in
denominations of $1,000 and integral multiples thereof): 
$                    

 

 

	
  Dated:

  	
   

  	
   

  	
  Signed:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (Sign
  exactly as name

  appears on the other

  side of this Note)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature
  Guarantee:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Participant in a recognized Signature Guarantee Medallion Program (or
  other signature guarantor program reasonably acceptable to the Trustee)

  
									

 

 

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

 

The following
exchanges of a part of this Global Note for an interest in another Global Note
or for a Physical Note, or exchanges of a part of another Global Note or
Physical Note for an interest in this Global Note, have been made:

 

	
  Date of Exchange

  	
   

  	
  Amount of
  decrease

  in

  Principal Amount of

  this Global Note

  	
   

  	
  Amount of
  increase

  in

  Principal Amount of

  this Global Note

  	
   

  	
  Principal
  Amount of

  this Global Note

  following such

  decrease

  (or increase)

  	
   

  	
  Signature
  of

  authorized officer

  of

  Trustee or Note

  Custodian

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]