Document:

Exhibit 10.3

Exhibit 10.3

REAL ESTATE PURCHASE AGREEMENT

This Real Estate Purchase Agreement (this “Agreement”) is made by and between
Kelmilfeen Ltd., an Ohio limited liability company (“Seller”) and LSI Acquisition Inc., an
Ohio corporation (“Buyer”), and is effective as of July22, 2009.

In consideration of the mutual covenants and provisions herein contained and other good and
valuable consideration paid, Seller and Buyer agree as follows:

ARTICLE 1.

DESCRIPTION OF PROPERTY

Seller hereby agrees to sell, assign, and convey to Buyer and Buyer agrees to purchase, in
accordance with the terms and subject to the conditions contained herein, certain real estate
containing approximately 5.002 acres of land, located at 2727 Scioto Parkway, Columbus, Ohio 43221
(the “Land”), and more particularly described on Exhibit A attached hereto and made
a part hereof, together with certain improvements containing an approximately 53,396 square foot
building (the “Improvement”) located on the Land, together with all easements, and other
rights and privileges appurtenant to the Land, and together with fixtures, heating, ventilating and
air-conditioning equipment and systems, and plumbing, telephone, and electrical equipment and
systems that are now located in or attached to the Improvement, and all items of personal property
currently located on the Land or in the Improvement (except for the Kubota tractor owned by
Seller), including those items specifically identified on Exhibit B attached hereto and
made a part hereof, (hereinafter collectively referred to as “Personal Property”) and all
other assets owned by Seller, including without limitation all cash, cash equivalents and
marketable securities, with the exception of the Purchase Price (hereinafter defined), which Seller
shall retain. The Land, Improvement, and Personal Property are hereinafter collectively referred to
as the “Property”.

ARTICLE 2.

RELATIONSHIP TO PURCHASE AGREEMENT

Buyer is a party to that certain Purchase and Sale Agreement, dated as of even date herewith
(the “Purchase Agreement”), whereby Buyer has agreed to purchase substantially all of the
assets of Seller’s affiliated entities, ADL Technology Inc. and ADL Engineering Inc. Seller’s and
Buyer’s obligations under this Agreement are expressly conditioned upon the consummation of the
transactions contemplated by the Purchase Agreement and are intended to occur simultaneously
therewith. In the event the transactions contemplated by the Purchase Agreement do not close as of
the date of this Agreement, Buyer shall have no obligation to purchase the Property, Seller shall
have no obligation to sell the Property, and both Buyer and Seller shall be released from their
respective obligations under this Agreement. Capitalized terms used, but not otherwise defined in
this Agreement, shall have the meanings set forth in the Purchase Agreement.

 

 

 

ARTICLE 3.

PURCHASE PRICE

3.1 Determination of Purchase Price. The aggregate purchase price (the “Purchase
Price”) for the Property shall be as follows:

(a) Seven Hundred Thousand Four Hundred Thirty Eight Dollars ($700,438.00) payable by
Buyer at the Closing by bank or certified check or by wire transfer of immediately available
funds; and

(b) the assumption by Buyer of all of Seller’s obligations under those certain documents
set forth on Exhibit D attached hereto and made a part hereof (collectively, the
“Mortgage Loan Documents”).

3.2 Allocation of Purchase Price. The Purchase Price for the Property shall be
allocated as follows:

	 	 	 	 	 
	Land and Improvement
	 	$	1,500,000.00	 
	 
	 	 	 	 
	Equipment
	 	$	686,300.00	 
	 
	 	 	 	 
	Cash and Marketable Securities
	 	$	85,491.00	 

Seller and Buyer shall report the transactions contemplated by this Agreement in a manner
consistent with such allocation, including the reports required to be filed under Section 1060 of
the Code. Buyer shall prepare and deliver IRS Form 8594 to Seller within forty-five (45) days
after the Closing Date to be filed with the IRS.

ARTICLE 4.

CLOSING AND TRANSFER OF TITLE

4.1 Closing. The closing (the “Closing”) of the purchase and sale of the
Property shall take place at the law offices of Keating Muething & Klekamp PLL, One East Fourth
Street, Suite 1400, Cincinnati, Ohio 45202, or by means of electronic data transmission methods
including facsimile transmission and PDF e-mail transmission of executed signature pages among the
parties simultaneously with the execution and delivery of this Agreement. The date on which
Closing occurs is referenced to as the Closing Date. The Closing shall be effective at the close
of business on the Closing Date.

4.2 Seller’s Documents; Other Deliveries. At Closing, Seller shall execute and
deliver to Buyer the following documents, and shall also make the other deliveries provided for
hereinafter, all as follows:

(a) A Limited Warranty Deed for the Land and the Improvement proper for recording,
conveying marketable title in the Land and the Improvement to Buyer free and clear of any
Encumbrances, except for the Encumbrances set forth on Exhibit C (the “Permitted
Exceptions);

 

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(b) A certified copy of the resolution of Seller’s members evidencing authorization of
Seller to enter into this Agreement and evidencing authorization of the officer acting on
behalf of Seller to consummate the transactions contemplated herein;

(c) A Bill of Sale for all items of Personal Property in form and substance acceptable
to Seller;

(d) Assignment and Assumption of Permits, assigning to Buyer all Permits held by Seller
with respect to the operation of the Improvement on the Property and the Personal Property,
and that are legally assignable, if any such Permits exist, in form and substance reasonably
acceptable to Seller;

(e) A Termination of Lease terminating that certain Lease between Seller and ADL
Technology Inc. and ADL Engineering Inc., dated July 20, 2004, and recorded August 10, 2004
in Instrument No. 200408100186675 (the “ADL Lease”), in form and substance sufficient
to terminate the ADL Lease as of record;

(f) the Assignment and Assumption Agreement dated as of even date herewith among Seller,
Buyer and National City Bank in form and substance acceptable to the parties thereto (the
“Assumption of Loan”); and

(g) Such other documents or instruments as may be reasonably required by Buyer, required
by other provisions of this Agreement, or reasonably necessary to effectuate the Closing.

4.3 Buyer’s Documents and Deliveries. At Closing, Buyer shall execute and deliver to
Seller the following documents, and shall also make the other deliveries provided for hereinafter,
all as follows:

(a) Counterpart of Assignment and Assumption of Permits, containing Buyer’s undertaking
to assume all duties and obligations under said Permits;

(b) Executed duplicate originals, with evidence of filing and governmental approval, or
with appropriate arrangements for prompt filing thereafter, of governmentally required
transfer applications for all Permits held by Seller with respect to the operation of the
Improvement on the Property and the Personal Property that are being assigned to Buyer;

(c) A corporate secretary’s certified copy of the resolution of Buyer’s Board of
Directors evidencing authorization of the Buyer to enter into this Agreement and evidencing
authorization of the officer acting on behalf of Buyer to consummate the transactions
contemplated herein;

(d) The Purchase Price;

(e) the Assumption of Loan executed by Buyer and National City Bank; and

(f) Such other documents or instruments as may be reasonably required by Seller,
required by other provisions of this Agreement, or reasonably necessary to effectuate the
Closing.

 

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ARTICLE 5.

REAL ESTATE TAXES AND ASSESSMENTS; UTILITY EXPENSES

AND MISCELLANEOUS EXPENSES; AND ESTIMATES

5.1 Real Estate Taxes and Assessments. Seller’s obligation to pay real estate taxes
and assessments upon the Property for Ohio tax year 2009 shall be assumed by Buyer at Closing.
Notwithstanding anything to the contrary contained in this Agreement, Seller warrants that all real
estate taxes and special assessments have been paid in full for tax year 2008.

5.2 Utility Expenses and Miscellaneous Expenses. Buyer shall assume Seller’s
obligation to pay all utilities for the Property’s gas, water, and electric usage, provided,
however, Seller does not have any bills or invoices for such utilities that are delinquent in
payment. If there are any unpaid or delinquent bills or invoices for such utilities, Seller shall
pay the same in full prior to Closing.

ARTICLE 6.

BROKER

Buyer represents and warrants that it has dealt with no agent or broker who in any way has
participated as the procuring cause of the sale of the Property other than J. Jeffrey Brausch &
Company (“Buyer’s Broker”), and that Buyer shall be solely responsible for any amounts due
to Buyer’s Broker in connection with this transaction. Seller represents and warrants that it has
dealt with no agent or broker who in any way has participated as the procuring cause of the sale of
the Property. Each party agrees to indemnify and hold harmless the other from and against any and
all judgments, costs of suit, attorneys’ fees and other reasonable costs and expenses which the
other may incur by reason of any action or claim made against the other by any agent, advisor or
intermediary appointed by or instructed by Seller or Buyer, as the case may be, arising out of this
Agreement or any subsequent sale of the Property to Buyer.

ARTICLE 7.

REPRESENTATIONS OF SELLER

7.1 Seller represents to Buyer as to the following matters, and shall be deemed to remake all
of the following representations as of the date of Closing:

(a) Seller has good and marketable indefeasible fee simple title to the Property, free
and clear of all Encumbrances, except Permitted Exceptions.

(b) Other than the ADL Lease, which shall be terminated at Closing, Seller has not
leased, licensed or otherwise granted to any Person the right to use or occupy the Land or
the Improvement or any portion thereof.

(c) There are no outstanding options, rights of first offer or rights of first refusal
to purchase the Property or any portion thereof or interest therein.

 

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(d) Seller has delivered or made available to Buyer copies of the deeds and other
instruments (as recorded) by which Seller acquired the Land and the Improvement, and copies
of all title insurance policies, opinions, abstracts, and surveys in the possession of Seller
and relating to the Land and the Improvement.

(e) Seller is an Ohio limited liability company in full force and effect and authorized
to do business in Ohio and has the full limited liability power and authority to execute this
Agreement and convey the Property at the time of Closing.

(f) The execution and delivery of this Agreement by Seller, the execution and delivery
of every other document and instrument delivered pursuant hereto by or on behalf of Seller,
and the consummation of the transaction contemplated hereby have been duly authorized and
validly executed and delivered by Seller, and will not: (i) constitute or result in the
breach of or default under any oral or written agreement to which Seller is a party or which
affects the Property; (ii) constitute or result in a violation of any order, decree, or
injunction with respect to which Seller and/or the Property is bound; and/or (iii) cause or
entitle any party to have a right to accelerate or declare a default under any oral or
written agreement to which Seller is a party or which affects the Property. This Agreement
constitutes, and, when executed and delivered at the Closing, such other agreements,
documents and instruments executed by or on behalf of Seller will constitute, the legal,
valid and binding obligations of Seller, as the case may be, enforceable against Seller in
accordance with their respective terms.

(g) The entering into of this Agreement and the consummation of the sale of the Property
will not require Seller to obtain (either before or after the Closing) any consent, Permit,
waiver, approval, authorization, or other action of, by, or with respect to any Governmental
Authority or other Person, with the exception of National City Bank with respect to the
Assumed Indebtedness.

(h) Except for the matters set forth on Schedule 3.9 to the Purchase Agreement, no
litigation, arbitration, action, suit, investigation or other proceeding by or before any
court, arbitrator or Governmental Authority is pending or, to the Knowledge of Seller,
threatened against Seller or the Land or Improvement at law or in equity.

(i) The Improvement (i) to the Knowledge of Seller is free from material defects (patent
and latent), (ii) has been maintained in accordance with normal industry practice, (iii) is
in good operating condition and repair (ordinary wear and tear excepted), and (iv) is
reasonably suitable for the purposes for which it presently is used and presently is proposed
to be used.

(j) Seller has no Knowledge of any pending or contemplated eminent domain, condemnation,
or other governmental or quasi governmental taking of all or any part of the Land or the
Improvement.

(k) Seller has no Knowledge of public improvements which have been ordered to be made on
the Land by a Governmental Authority and/or which have not
heretofore been assessed, and Seller is not aware of any special assessments pending,
threatened against, affecting, or to affect the Land.

 

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(l) The outstanding principal balance of the indebtedness evidenced by the Mortgage Loan
Documents is $1,592,062.

(m) Seller holds all Environmental Permits reasonably necessary or proper for the lawful
conduct and the occupancy and use of the Real Property, and all such Environmental Permits
are in full force and effect. Seller has timely submitted renewal applications, application
fees and annual filing fees for all such Environmental Permits and has paid all fees
associated with the Environmental Permits. Seller has not received any written notice from
any Governmental Authority revoking, canceling, rescinding, materially modifying or refusing
to renew any Environmental Permits or threatening to revoke, cancel, rescind, materially
modify or refuse to renew any Environmental Permit or providing written notice of violations
or liabilities or alleged violations or liabilities, under any Environmental Laws or
Environmental Permits. Seller has been and is presently in substantial compliance with all
applicable Environmental Laws and its Environmental Permits and the terms, conditions, and
requirements of the Environmental Permits and all Environmental Laws.

(n) Except as disclosed in Schedule 3.15 of the Purchase Agreement:

(i) to the Knowledge of Seller, Regulated Substances have not been
released, spilled or disposed from, on, at, in or under the Property by
Seller nor from, on, at, in or under any real property, on, at, in or under
any real property owned, leased, or formerly owned, leased or used by Seller
or, to Seller’s Knowledge, by any other Person in violation of or which
creates liability under any Environmental Laws, and no Regulated Substances
have been generated, used, handled, disposed, treated or stored on, or
transported to or from, the Property, other than in substantial compliance
with all applicable Environmental Laws and Environmental Permits;

(ii) Seller has not disposed of any Regulated Substances in a manner
which is not in compliance with all applicable Environmental Laws and
Environmental Permits;

(iii) there are no pending or, to the Knowledge of Seller, threatened
Environmental Claims or Environmental Liabilities against any of the Seller
or Property, and Seller has not received any written notice of any such
Environmental Claims or Environmental Liabilities;

(iv) there are not currently nor were there previously any: (a) USTs or
associated contamination on the Property; (b) asbestos-containing materials
in any form on the Property; (c) materials or equipment containing
polychlorinated biphenyls; or (d) landfills or disposal areas on the
Property. Any USTs and associated contamination previously existing
on the Property were removed in accordance with Environmental Laws, and
to the extent applicable Seller has obtained a closure certificate, or
comparable approval from the respective Governmental Authority for such
removal and cleanup.

 

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(v) Seller has provided Buyer, prior to the Closing, with access to
complete and accurate copies of all written information in their possession
or control pertaining to Seller’s compliance with and Liability under all
Environmental Laws and Environmental Permits, including compliance audits
and environmental assessments, notices of violation and liability, orders,
regulatory inspections, and sampling of the Environment at, on, in, under or
around the Property.

(vi) During Seller’s ownership and operation of the Property: and
except as disclosed on Schedule 3.15 of the Purchase Agreement: (a) Seller
has substantially complied with all Environmental Laws and Environmental
Permits; (b) no Release has occurred by Seller or, to the Knowledge of
Seller, by any other Person, of any Regulated Substances into the
Environment at the Property in violation of any Environmental Laws; (c) no
landfill, disposal area, dry wells, fills, injection wells, dumps, flooding,
historical or archaeological areas, wetlands or other adverse environmental
conditions exist or occurred on the Property; and (d) to the Knowledge of
Seller no contaminants exist on or about the Property.

7.2 All representations and warranties made by Seller in this Agreement shall not merge into
any instrument or conveyance delivered at Closing and shall survive Closing and shall be deemed to
be separate and apart from those set forth in the Purchase Agreement. The provisions, terms, and
conditions of this Section 7.2 shall control over any contrary or inconsistent provision, term, or
condition contained herein.

ARTICLE 8.

REPRESENTATIONS OF BUYER

8.1 Buyer represents to Seller as to the following matters, and shall be deemed to remake all
of the following representations as of the date of Closing:

(a) The execution and delivery of this Agreement by Buyer, the execution and delivery of
every other document and instrument delivered pursuant hereto by or on behalf of Buyer
(including, without limitation the Assumption of Loan, and the consummation of the
transaction contemplated hereby have been duly authorized and validly executed and delivered
by Buyer, and will not (i) constitute or result in the breach of or default under any oral or
written agreement to which Buyer is a party or which affects the Property; (ii) constitute or
result in a violation of any order, decree, or injunction with respect to which the Buyer is
bound and/or; (iii) cause or entitle any Person to have a right to accelerate or declare a
default under any oral or written agreement to which Buyer is a party. This Agreement
constitutes, and, when executed and delivered at the Closing, such other agreements,
documents and instruments executed by
or on behalf of Buyer will constitute, the legal, valid and binding obligations of
Seller, as the case may be, enforceable against Buyer in accordance with their respective
terms.

 

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(b) The entering into of this Agreement and the consummation of the sale of the Property
will not require Buyer to obtain (either before or after the Closing) any Permit.

(c) All action required pursuant to this Agreement necessary to effectuate the
transaction contemplated herein has been, or will be, taken promptly and in good faith by
Buyer.

ARTICLE 9.

INDEMNIFICATION; REMEDIES

The members of Seller are parties to the Purchase Agreement. Therefore, the parties hereto
agree that Article X of the Purchase Agreement shall provide the sole and exclusive remedy for any
and all Losses sustained or incurred by Seller or Buyer, as the case may be, in connection with the
transactions contemplated by this Agreement absent fraud or willful misconduct on the part of
either Seller or Buyer. Notwithstanding the decision of any party to complete the transactions
contemplated by this Agreement, each party shall be entitled to rely upon the representations and
warranties set forth in this Agreement. The right to indemnification, reimbursement or any other
remedy based upon such representations, warranties, covenants and obligations shall not be affected
by any investigation (including any environmental investigation or assessment) conducted with
respect to, or any Knowledge acquired (or capable of being acquired) at any time, whether before or
after the execution and delivery of this Agreement, with respect to, the accuracy or inaccuracy of
or compliance with any such representation, warranty, covenant or obligation.

ARTICLE 10.

ASSIGNMENT

This Agreement and all the terms and conditions hereof shall be binding upon and shall inure
to the benefit of the parties and their respective successors and assigns. Buyer may assign its
rights hereunder to another entity wholly owned by the Buyer with the prior written consent of
Seller, which consent will not be unreasonably withheld.

ARTICLE 11.

NOTICES

All notices hereunder or required by law shall be in writing, and shall be deemed properly
delivered when and if deposited in the (i) United States mail, postage prepaid, certified or
registered mail, return receipt requested, or (ii) via recognized overnight delivery service
addressed to the parties hereto at their respective addresses set forth below with receipted
delivery, or (iii) by any other electronic means, with a confirmed delivery receipt, addressed as
follows:

 

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	 	If to Buyer:
	 	LSI Acquisition Inc.
	 

	 	 	 	10000 Alliance Road
	 

	 	 	 	Cincinnati, Ohio 45242
	 

	 	 	 	Attention: Ronald S. Stowell
	 
	 	 	 	 
	 

	 	with a copy to:
	 	Keating Muething & Klekamp PLL
	 

	 	 	 	One East Fourth Street
	 

	 	 	 	Cincinnati, Ohio 45202
	 

	 	 	 	Attention: Michael J. Moeddel
	 
	 	 	 	 
	 

	 	If to Seller:
	 	Kelmilfeen Ltd.
	 

	 	 	 	c/o David Feeney
	 

	 	 	 	5521 Kinvarra Court
	 

	 	 	 	Dublin, OH 43016
	 
	 	 	 	 
	 

	 	with a copy to:
	 	Bricker & Eckler LLP
	 

	 	 	 	100 South Third Street
	 

	 	 	 	Columbus, Ohio 43215
	 

	 	 	 	Attention: John W. Cook III

ARTICLE 12.

EXPENSES

Any transfer, documentary, sales, use, stamp, registration and other such Taxes and fees
(including recording fees) incurred in connection with this Agreement and the transactions
contemplated hereby and thereby (“Transfer Taxes”) shall be paid one-half (1/2) by Seller
and one-half (1/2) by Buyer when due, and Seller will file all necessary Tax returns and other
documentation with respect to all such transfer, documentary, sales, use, stamp, registration and
other Taxes and fees (including recording fees), if required by applicable Law. The expense of
preparing and making such filing or filings shall be borne by Seller. Seller shall pay for the
cost of deed preparation in connection with the sale of the Property. Buyer shall pay for the cost
of any title insurance purchased by Buyer with respect to the Property. Any other miscellaneous
Closing expenses properly allocable to both parties shall be paid for by Buyer and Seller as to
one-half (1/2) each. Each party shall pay for its own legal and accounting fees and incidental
expenses.

ARTICLE 13.

MISCELLANEOUS

13.1 Gender. Words of any gender used in this Agreement shall be held and construed
to include any other gender, any words in the singular number shall be held to include the plural,
and vice versa, unless the context requires otherwise.

 

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13.2 Captions. The captions in this Agreement are inserted only for the purpose of
convenient reference and in no way define, limit, or prescribe the scope or intent of this
Agreement or any part hereof.

13.3 Recording. The parties agree that this Agreement shall not be recorded.

13.4 No Continuance. Buyer acknowledges that there shall be no assignment, transfer
or continuance of any of Seller’s insurance coverage.

13.5 Time of Essence. Time is of the essence in this Agreement.

13.6 Counterparts. This Agreement may be executed in any number of counterparts and
any party hereto may execute any such counterpart, each of which when executed and delivered shall
be deemed to be an original and all of which counterparts taken together shall constitute but one
and the same instrument. This Agreement shall become binding when one or more counterparts taken
together shall have been executed and delivered by the parties. It shall not be necessary in
making proof of this Agreement or any counterpart hereof to produce or account for any of the other
counterparts.

13.7 Entire Agreement. This Agreement, including the Exhibits, Schedules and other
documents referred to herein which form a part hereof, and the Purchase Agreement, contain the
entire understanding of the parties hereto with respect to the subject matter contained herein and
therein. Such agreements, documents and instruments supersede all prior agreements and
understandings between the parties with respect to such subject matter, including the Letter of
Intent dated June 6, 2009 between LSI Industries, Inc. and Sellers.

13.8 Amendments; Waivers. This Agreement may not be changed orally, but only by an
agreement in writing signed by each of the parties hereto. Any provision of this Agreement can be
amended, supplemented or modified only by written agreement of each of the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of
any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver.
No waiver shall be binding unless executed in writing by the party making the waiver.

13.9 Assignment and Binding Effect. This Agreement may not be assigned by any party
hereto without the prior written consent of the other parties, except by Buyer to any of its
Affiliates or in connection with the merger, consolidation or sale of all or substantially all of
its business or assets. Subject to the foregoing, all of the terms and provisions of this
Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties and
their successors and permitted assigns and their respective, executors, heirs, legal
representatives. The parties expressly acknowledge and agree that Buyer may designate one or more
of its Affiliates to acquire the Property or portion of the Property, provided however, Seller and
Buyer shall continue to remain responsible for their obligations under this Agreement.

13.10 Construction. This Agreement is to be deemed to have been prepared jointly by
the parties hereto after arms-length negotiations, and any uncertainty or ambiguity existing herein
shall not be interpreted against any party, but according to the application of the rules of
interpretation of contracts.

 

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13.11 Governing Law. The Agreement shall be governed by and construed in accordance
with the laws of the State of Ohio without regard to its conflict of law provisions.

13.12 Submission to Jurisdiction; Waiver. Each of the parties hereto irrevocably
agrees that any legal action or proceeding with respect to this Agreement or for the recognition
and enforcement of any judgment in respect hereof brought by any other party hereto or its or his
executors, heirs, legal representatives, successors or permitted assigns may be brought and
determined in any federal or state court located in Hamilton County, Ohio, and each of the parties
hereby irrevocably submits with regard to any action or proceeding for itself and himself and in
respect to its or his property, generally and unconditionally, to the exclusive jurisdiction of the
aforesaid courts. Each of the parties hereby irrevocably waives and agrees not to assert, by way
of motion, as a defense, counterclaim or otherwise, in any action or proceeding with respect to
this Agreement (a) any claim that it or he is not personally subject to the jurisdiction of the
above-named courts for any reason other than the failure to lawfully serve process, (b) that it or
he or its or his property is exempt or immune from jurisdiction of any such court or from any legal
process commenced in such courts (whether through service of notice, attachment prior to judgment,
attachment in aid of execution of judgment, execution of judgment or otherwise), and (c) to the
fullest extent permitted by applicable Law, that (i) the suit, action or proceeding in any such
court is brought in an inconvenient forum, (ii) the venue of such suit, action or proceeding is
improper and (iii) this Agreement, or the subject matter hereof, may not be enforced in or by such
courts.

13.13 Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY
WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED IN
CONTRACT, TORT OR OTHERWISE) ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY
AGREEMENT, DOCUMENT OR INSTRUMENT EXECUTED OR DELIVERED PURSUANT TO THIS AGREEMENT OR ANY RELATED
DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENT OF ACTION RELATED HERETO OR
THERETO.

13.14 Non-Merger and Survival. In addition to the specific language of non-merger or
survival found in certain sections of this Agreement, any provision hereof which by its terms would
be performed after Closing shall survive the Closing and shall not merge in the Closing or in the
deed, except as specifically provided to the contrary herein.

Remainder of Page Intentionally Blank. Signatures to Follow.

 

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Seller and Buyer have executed duplicate originals of this Real Estate Purchase Agreement as
of the day and year first written above.

	 	 	 	 	 
	 	SELLER:

KELMILFEEN LTD.,

an Ohio limited liability company

 	 
	 	By:  	/s/ Craig
A. Miller	 
	 	 	Name:  	Craig
A. Miller	 
	 	 	Title:  	President	 
	 
	 	BUYER:

LSI ACQUISITION INC.,

an Ohio corporation.

 	 
	 	By:  	/s/ Ronald
S. Stowell	 
	 	 	Ronald S. Stowell                          	 
	 	 	Secretary and Treasurer 	 

 

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EXHIBIT A

PROPERTY DESCRIPTION

Situate in the City of Columbus, County of Franklin, in the State of Ohio and being further
described as:

Being Lot Number Three (3) of Scioto Industrial Park, as the same is numbered and delineated upon
the recorded plat thereof, of record in Plat Book 54, Page 41, Record’s Office, Franklin County,
Ohio.

 

 

 

EXHIBIT B

LIST OF PERSONAL PROPERTY

 

 

 

EXHIBIT C

PERMITTED EXCEPTIONS

Provisions of existing building and zoning laws, restrictions and regulations of all Governmental
Authorities having jurisdiction and all zoning variances and special exceptions, if any.

Such Taxes for the calendar year in which the Closing takes place (or portion of such Taxes) as are
not due and payable on the date of the delivery of the Deed.

Any Encumbrances for municipal betterments ratified, approved and assessed but not due as of the
date of the Closing.

All recorded agreements, covenants, conditions, easements, restrictions or reservations affecting
the Land or the Improvement as of the date hereof.

Minor survey exceptions, reciprocal easement agreements and other customary encumbrances that (i)
were not incurred in connection with any Indebtedness, (ii) do not render title to the Land or the
Improvement encumbered thereby unmarketable and (iii) do not, individually or in the aggregate,
have a Material Adverse Effect on the Land or the Improvement.

Mortgage from Kelmilfeen, Ltd., an Ohio limited liability company to National City Bank in the
amount of $1,211,000.00 dated August 2, 2007 and recorded August 15, 2007 in Instrument No.
200708150143978 of the Franklin County, Ohio Records.

 

 

 

EXHIBIT D

MORTGAGE LOAN DOCUMENTS

	1.	 	Promissory Note by Seller in favor of National City Bank in the Principal Amount of
$1,211,000.00, dated August 2, 2007.

	2.	 	Funding Cost Recovery Addendum by Seller in favor of National City Bank, dated August
2, 2007.

	3.	 	Open-End Mortgage by Seller in favor of National City Bank, dated August 2, 2007,
recorded with the Franklin County, Ohio Recorder (the “Recorder”) as Instrument No.
200708150143978.

	4.	 	Assignment of Rents by Seller in favor of National City Bank, dated August 2, 2007,
recorded with the Recorder as Instrument No. 200708150143979.

	5.	 	Agreement to Provide Insurance by Seller in favor of National City Bank, dated August
2, 2007.

	6.	 	Promissory Note by Seller in favor of National City Bank in the Principal Amount of
$200,000, dated April 13, 2005, as modified by that certain Promissory Note Modification
Agreement dated as of September 23, 2005 by and between Seller and National City Bank,
increasing the Principal Amount to $600,000.

	7.	 	Funding Cost Recovery Addendum by Seller in favor of National City Bank, dated April
13, 2005.

	8.	 	Commercial Note Addendum by Seller in favor of National City Bank, dated April 13,
2005.

 

-exv4w20

EXHIBIT
4.20

Execution
Version

REGISTRATION AGREEMENT

     REGISTRATION AGREEMENT (this “Agreement”), dated as of July 20, 2009, by and among Smith &
Wesson Holding Corporation, a Nevada corporation (the “Company”), and the undersigned holders of
Common Stock (each, a “Holder”, and collectively, the “Holders”).

     WHEREAS, each Holder was a stockholder of Universal Safety Response, Inc., a New York
corporation (“USR”).

     WHEREAS, as contemplated by an Agreement and Plan of Merger dated as of June 18, 2009 among
the Company, USR, and others (the “Merger Agreement”), USR became a wholly owned subsidiary of the
Company and stockholders of USR received shares of Common Stock (as defined herein) as partial
consideration for the transactions contemplated by the Merger Agreement.

     WHEREAS, the Merger Agreement requires the entering into of this Agreement.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and each of the Holders hereby agree as follows:

     1. Definitions. Capitalized terms used herein and not otherwise defined herein shall have the respective
meanings set forth in the Merger Agreement. As used in this Agreement, the following terms shall
have the following meanings:

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

          “1934 Act” means the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder.

          “Affiliate” of any specified Person means any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” (including, with correlative meanings, the terms
“controlling,” “controlled by,” and “under common control with”), as used with respect to any
Person, shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person whether through the ownership of voting
securities or by agreement or otherwise.

          “Business Day” means any day other than Saturday, Sunday, or any other day on which commercial
banks in Delaware are authorized or required by law to remain closed.

          “Common Stock” means the common stock, par value $0.001 per share, of the Company issued to
the Holders pursuant to the Merger Agreement, as it exists on the date of this Agreement and any
other shares of capital stock or other securities of the Company into which such Common Stock may
be reclassified or changed, together with any and all other shares of
Common Stock that at any time may be issued pursuant to the Merger Agreement (including any

 

shares that may continue to have vesting or other restrictions following consummation of the
transactions contemplated by the Merger Agreement).

          “Company” has the meaning set forth in the preamble of this Agreement.

          “Covered Securities” means the Common Stock and any security issued with respect thereto upon
any stock dividend, split, or similar event until the earliest of the date on which such Common
Stock, or any security issued with respect thereto upon any stock dividend, split, or similar
event, as the case may be (i) has been transferred pursuant to a Shelf Registration Statement or
another registration statement covering such Common Stock that has been filed with the SEC pursuant
to the 1933 Act, in either case after such registration statement has become effective and while
such registration statement is effective under the 1933 Act; (ii) has been transferred pursuant to
Rule 144; (iii) may be sold or transferred pursuant to Rule 144 without volume or timing
restrictions or limitations; or (iv) ceases to be outstanding.

          “Effective Date” means the date the Shelf Registration Statement has been declared effective
by the SEC.

          “Filing Deadline” means 10 calendar days after date of this Agreement and 10 days after any
subsequent issue of Common Stock pursuant to the Merger Agreement.

          “FINRA” means the Financial Industry Regulatory Authority.

          “Holders” has the meaning set forth in the preamble of this Agreement.

          “Holder Information” with respect to any Holder means information with respect to such Holder
required to be included in any Shelf Registration Statement or the related Prospectus pursuant to
the 1933 Act and which information is included therein in reliance upon and in conformity with
information furnished to the Company in writing by such Holder specifically for inclusion therein.

          “Majority Holders” means the Holders of a majority of the then outstanding Common Stock being
registered under a Shelf Registration Statement; provided that shares of Common Stock that have
been sold or otherwise transferred pursuant to the Shelf Registration Statement shall not be
included in the calculation of Majority Holders.

          “Merger Agreement” has the meaning set forth in the recitals to this Agreement.

          “Notice and Questionnaire” means a Selling Securityholder Notice and Questionnaire
substantially in the form of Exhibit A attached hereto.

          “Notice Holder” means any Holder of Covered Securities that has delivered a properly completed
and signed Notice and Questionnaire to the Company in accordance with Section 2(b) hereof.

          “Person” means any natural person, corporation, limited liability company, unincorporated
association, partnership, association, joint stock company, or trust.

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          “Prospectus” means the prospectus included in any Shelf Registration Statement (including,
without limitation, a prospectus that discloses information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A, 430B, or 430C
under the 1933 Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Covered Securities covered by such Shelf Registration
Statement, and all amendments and supplements to such prospectus, including all documents
incorporated or deemed to be incorporated by reference in such prospectus.

          “Questionnaire Deadline” has the meaning set forth in Section 2(b) hereof.

          “Record Holder” means each Person who is registered on the books of the registrar of the
Company’s Common Stock as the holder of Common Stock.

          “Rule 144” means Rule 144 under the 1933 Act (or any successor provision promulgated by the
SEC).

          “Rule 415” means Rule 415 under the 1933 Act (or any successor provision promulgated by the
SEC).

          “SEC” means the Securities and Exchange Commission.

          “Shelf Registration” means a registration effected pursuant to Section 2 hereof.

          “Shelf Registration Period” has the meaning set forth in Section 2(c) hereof.

          “Shelf Registration Statement” means any “shelf” registration statement of the Company filed
pursuant to the provisions of Section 2(a) hereof that covers the Covered Securities on
Form S-3 or on another appropriate form (as determined by the Company) for an offering to be made
on a delayed or continuous basis pursuant to Rule 415 and all amendments and supplements to such
registration statement, including post-effective amendments, in each case including the Prospectus
contained therein, all exhibits thereto, and all documents incorporated or deemed to be
incorporated by reference therein.

          “Suspension Period” has the meaning set forth in Section 2(d) hereof.

          All references in this Agreement to financial statements and schedules and other information
that is “contained,” “included,” or “stated” in the Shelf Registration Statement, any preliminary
Prospectus, or Prospectus (and all other references of like import) shall be deemed to mean and
include all such financial statements and schedules and other information incorporated or deemed to
be incorporated by reference in such Shelf Registration Statement, preliminary Prospectus, or
Prospectus, as the case may be; and all references in this Agreement to amendments or supplements
to the Shelf Registration Statement, any preliminary Prospectus, or Prospectus shall be deemed to
mean and include any document filed with the SEC under the 1934 Act, after the date of such Shelf
Registration Statement, preliminary Prospectus, or Prospectus, as the case may be, which is
incorporated or deemed to be incorporated by reference therein.

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     2. Shelf Registration Statement.

          (a) Filing of Registration Statement. The Company shall, at its expense, prepare and, as soon as practicable but in no event
later than the Filing Deadline, file with the SEC one or more Shelf Registration Statements
(collectively the “Shelf Registration Statement”) with respect to resales of the Covered Securities
by the Holders from time to time on a delayed or continuous basis pursuant to Rule 415 and in
accordance with the methods of distribution set forth in such Shelf Registration Statement and
thereafter shall use its commercially reasonable efforts to cause such Shelf Registration Statement
to be declared effective under the 1933 Act as soon as possible. The Company shall supplement or
amend the Shelf Registration Statement if required by the rules, regulations, or instructions
applicable to the registration form used by the Company for the Shelf Registration Statement, or by
the 1933 Act, the 1934 Act, or the SEC. Promptly following the Effective Date, the Company
promptly shall file with the SEC in accordance with Rule 424 under the 1933 Act the final
Prospectus to be used in connection with sales pursuant to such Shelf Registration Statement.

          (b) Securities Registered

               (i) Holders to be Named in Shelf Registration Statement. The Company shall name each Holder that delivers a properly completed and signed Notice and
Questionnaire to the Company as a selling security holder in the Shelf Registration Statement. A
Holder of Covered Securities may include such securities in the Shelf Registration Statement only
if the Holder sends by first-class registered mail or by courier or recognized delivery company
with delivery confirmation, a properly completed Notice and Questionnaire to the Company. In order
to be included in the Shelf Registration Statement at the time of its effectiveness, the Notice and
Questionnaire must be sent on or prior to the 15th Business Day after the date the Notice and
Questionnaire is deemed to have been given in accordance with Section 7(c) hereof
(“Questionnaire Deadline”).

               (ii) Amendments to Shelf Registration Statement. Following the effectiveness of the Shelf Registration Statement, upon receipt of a
completed Notice and Questionnaire from a Holder, the Company shall, as promptly as practicable,
but in any event within 10 Business Days after its receipt thereof, file any amendments to the
Shelf Registration Statement or supplements to the related Prospectus as are necessary to permit
the Holder to deliver the Prospectus to purchasers of Covered Securities (subject to the right of
the Company to suspend the use of the Prospectus as described in Section 2(d) hereof);
provided, however, that (A) if a supplement to the related Prospectus is required to permit the
Holder (or other Holders not included in the Shelf Registration Statement upon effectiveness) to
deliver the Prospectus to purchasers of Covered Securities, the Company shall not be required to
file more than one such supplement during any 30-day period and (B) if a post-effective amendment
to the Shelf Registration Statement is required to permit the Holder (or other Holders not included
in the Shelf Registration Statement upon effectiveness) to deliver the
Prospectus to purchasers of Covered Securities, the Company shall have 30 Business Days to
file such post-effective amendment and shall not be required to file more than one post-effective
amendment to the Shelf Registration Statement in any 90-day period. The Company shall use its
commercially reasonable efforts to cause any such post-effective amendment to become effective
under the 1933 Act as promptly as is practicable; provided, that if a Notice and Questionnaire is
delivered

4

 

to the Company during a Suspension Period, the Company shall not be obligated to amend
the Shelf Registration Statement or supplement the Prospectus until the termination of such
Suspension Period.

               (iii) Holder Information. Each Holder as to which the Shelf Registration Statement is being effected shall furnish
promptly to the Company upon the written request of the Company, which request shall only be made
within three days of the proposed effectiveness of the Shelf Registration Statement or an amendment
thereto, (A) such other information as the Company may reasonably request for use in connection
with the Shelf Registration Statement or Prospectus or in any application to be filed with or under
state securities laws and (B) all information required to be disclosed in order to make the
information previously furnished to the Company by such Holder not misleading.

          (c) Period of Effectiveness. The Company shall use its commercially reasonable efforts to keep the applicable Shelf
Registration Statement continuously effective, supplemented, and amended under the 1933 Act in
order to permit the Prospectus forming a part thereof to be usable by the Notice Holders until the
earliest to occur of (i) the one year anniversary of the date of the issuance of the Covered
Securities; (ii) the date as of which, in the opinion of counsel to the Company, the Covered
Securities may be sold under Rule 144 without volume or timing restrictions or limitations; (iii)
the date as of which all applicable Covered Securities have been transferred under Rule 144; and
(iv) such date as of which all Covered Securities have been sold pursuant to the applicable Shelf
Registration Statement (in any such case, such period being called the “Shelf Registration
Period”). The Company shall, in order to fulfill its obligations under this Section 2(c):
(A) subject to Section 2(d), prepare and file with the SEC such amendments and
post-effective amendments to the Shelf Registration Statement as may be necessary to keep the Shelf
Registration Statement continuously effective for the Shelf Registration Period; (B) subject to
Section 2(d), cause the related Prospectus to be supplemented by any required supplement,
and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force)
under the 1933 Act; and (C) comply in all material respects with the provisions of the 1933 Act
with respect to the disposition of all Covered Securities covered by the Shelf Registration
Statement during the Shelf Registration Period.

          (d) Suspension of Registration Statement. The Company may suspend the availability of any Shelf Registration Statement and the use of
any Prospectus (the period during which the availability of any Shelf Registration Statement and
any Prospectus may be suspended herein referred to as the “Suspension Period”) for a period not to
exceed 90 days in the aggregate during any 12-month period, in each case for
valid business reasons determined in good faith by the Company in its reasonable judgment,
after consultation with and upon the advice of outside legal counsel (which shall not include the
avoidance of the Company’s obligations hereunder), including, without limitation, the acquisition
or divestiture of assets, pending corporate developments, public filings with the SEC, and similar
events. Notwithstanding any other provision of this Agreement, the Company shall not voluntarily
take any actions not required by applicable laws or regulations that would require it to suspend
the availability of the Shelf Registration Statement or the use of any Prospectus and shall not
suspend the Registration Statement unless required by applicable law or regulation, in either case
during the first 90 days after the effectiveness of the Shelf Registration Statement

5

 

          (e) Underwriters. The Company shall have the right to select the underwriter or underwriters, if any, subject
to the approval of the Holders, which approval shall not be unreasonably withheld or delayed (with
Deutsche Bank Securities and Cowan and Company being hereby approved) that will undertake the sale
and distribution from time to time of the Covered Securities covered by the Shelf Registration
Statement.

     3. Registration Procedures. In connection with any Shelf Registration Statement, the following provisions shall apply:

          (a) Copies to Holders: The Company shall (i) furnish to the Holders and the underwriters, if any, within a
reasonable period of time, but in any event within five Business Days, prior to the filing thereof
with the SEC to afford the Holders and their counsel a reasonable opportunity for review, a copy of
each Shelf Registration Statement, and each amendment thereof, and a copy of each Prospectus, and
each amendment or supplement thereto (excluding amendments caused by the filing of a report under
the 1934 Act), and shall reflect in each such document, when so filed with the SEC, such comments
as the Holders may reasonably propose therein; and (ii) include information regarding the Notice
Holders and the methods of distribution they have elected for their Covered Securities provided to
the Company in Notice and Questionnaires as necessary to permit such distribution by the methods
specified therein.

          (b) Compliance with Law. Subject to Section 2(d), the Company shall ensure that (i) any Shelf Registration
Statement and any amendment thereto and any Prospectus forming a part thereof and any amendment or
supplement thereto comply in all material respects with the 1933 Act and the rules and regulations
thereunder; (ii) any Shelf Registration Statement and any amendment thereto does not, when it
becomes effective, contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading; and (iii)
any Prospectus forming a part of any Shelf Registration Statement, and any amendment or supplement
to such Prospectus, does not include an untrue statement of a material fact or omit to state a
material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided that the Company makes no representation with
respect to any Holder Information.

          (c) Notification to Holders. The Company, as promptly as reasonably practicable (but in any event within two Business
Days), shall notify the Holders, each Notice Holder, and the underwriters, if any, of the
following:

               (i) when any Prospectus or any supplement thereto has been filed with the SEC and when the
Shelf Registration Statement or any post-effective amendment thereto has become effective;

               (ii) of the issuance by the SEC or any other federal or state governmental authority of any
stop order suspending the effectiveness of the Shelf Registration Statement or of any order
preventing or suspending the use of any Prospectus or the initiation of any proceedings for that
purpose;

6

 

               (iii) of the receipt by the Company of any notification with respect to the suspension of the
qualification or exemption from qualification of the Covered Securities included in any Shelf
Registration Statement for sale in any jurisdiction or the initiation of any proceeding for that
purpose;

               (iv) of the occurrence of, but not the nature of or details concerning, any event or the
existence of any condition that requires the making of any changes in the Shelf Registration
Statement or the Prospectus so that, as of such date, neither such Shelf Registration Statement nor
the Prospectus contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein (in the case of the
Prospectus, in the light of the circumstances under which they were made) not misleading;

               (v) of the Company’s determination that a post-effective amendment to the Shelf Registration
Statement is necessary (other than a post-effective amendment pursuant to Section
2(b)(ii)); and

               (vi) of the commencement and termination of any Suspension Period.

          (d) Withdrawal of Suspension. The Company shall use commercially reasonable efforts to obtain (i) the withdrawal of any
order suspending the effectiveness of any Shelf Registration Statement and the use of any related
Prospectus; and (ii) the lifting of any suspension of the qualification (or exemption from
qualification) of any of the Covered Securities for offer or sale in any jurisdiction in which they
have been qualified for sale, in each case at the earliest possible time, and shall provide notice
to each Notice Holder and the Holders of the withdrawal of any such orders or suspensions.

          (e) Holders. The Company shall promptly furnish, upon written request and without charge, to the Holders
and any Notice Holder, (i) at least one copy of any Shelf Registration Statement and any
post-effective amendment thereto, excluding all documents incorporated or deemed to
be incorporated therein by reference and all exhibits thereto, (ii) promptly after the same is
prepared and filed with the SEC, one copy of any Shelf Registration Statement and any amendment(s)
thereto, including financial statements and schedules, all documents incorporated therein by
reference, if requested by a Holder, and all exhibits, and (iii) upon the effectiveness of any
Shelf Registration Statement, one copy of the Prospectus included in such Shelf Registration
Statement and all amendments and supplements thereto, provided that the Company shall only be
obligated to furnish those documents that are not available on the EDGAR System.

          (f) Copies of Prospectus. The Company shall, during the Shelf Registration Period, promptly deliver to the Holders,
each Notice Holder, and the underwriters, if any, as many copies of the Prospectus (including each
preliminary Prospectus) included in any Shelf Registration Statement, and any amendment or
supplement thereto, as such person may reasonably request and except as provided in Sections
2(d) and 3(n) hereof; and the Company hereby consents (except during a Suspension Period or
during the continuance of an event described in Section 3(c)(ii) through (v)) to the use of
the Prospectus and any amendment or supplement thereto by each of the selling Holders in connection
with the offering and sale of the

7

 

Covered Securities covered by the Prospectus or any amendment or
supplement thereto during the Shelf Registration Period.

          (g) Acceleration Request. The Company shall submit to the SEC, within five Business Days after the Company learns
that no review of a particular Shelf Registration Statement will be made by the staff of the SEC or
that the staff has no further comments on a particular Shelf Registration Statement, as the case
may be, a request for acceleration of effectiveness of such Shelf Registration Statement to a time
and date not later than 72 hours after the submission of such request.

          (h) Blue Sky Laws. Prior to any offering of Covered Securities pursuant to any Shelf Registration Statement,
the Company shall, at its expense, register or qualify or cooperate with the Notice Holders in
connection with the registration or qualification (or exemption from such registration or
qualification) of such Covered Securities for offer and sale, under the securities or blue sky laws
of such jurisdictions within the United States as any such Notice Holders reasonably request and
shall maintain such qualification in effect so long as required and do any and all other acts or
things necessary or advisable to enable the offer and sale in such jurisdictions of the Covered
Securities covered by such Shelf Registration Statement; provided, however, that the Company will
not be required to (i) qualify generally to do business as a foreign corporation or as a dealer in
securities in any jurisdiction where it is not then so qualified or; (ii) take any action which
would subject it to service of process or taxation in excess of a nominal dollar amount in any such
jurisdiction where it is not then so subject.

          (i) Stock Certificates. If the Covered Securities are in certificated form, the Company shall cooperate with the
Holders to facilitate the timely preparation and delivery of certificates representing
Covered Securities sold pursuant to any Shelf Registration Statement free of any restrictive
legends and registered in such names as Holders may request at least two Business Days prior to
settlement of sales of Covered Securities pursuant to such Shelf Registration Statement.

          (j) FINRA. Subject to the exceptions contained in (i) and (ii) of Section 3(h) above, the
Company shall use commercially reasonable efforts to cause the Covered Securities covered by the
applicable Shelf Registration Statement to be registered with or approved by such other federal,
state, and local governmental agencies or authorities, and self-regulatory organizations in the
United States as may be necessary to enable the Holders to consummate the disposition of such
Covered Securities as contemplated by the Shelf Registration Statement; without limitation to the
foregoing, the Company shall provide all such information as may be required by FINRA in connection
with the offering under the Shelf Registration Statement of the Covered Securities, and shall
cooperate with each Holder in connection with any filings required to be made with FINRA by such
Holder in that regard.

          (k) Post-Effective Amendments. Upon the occurrence of any event described in Section 3(c)(iv) or 3(c)(v)
hereof, the Company shall promptly prepare and file with the SEC a post-effective amendment to any
Shelf Registration Statement, or an amendment or supplement to the related Prospectus, or any
document incorporated therein by reference, or file a document that is incorporated or deemed to be
incorporated by reference in such Shelf Registration Statement or Prospectus, as the case may be,
so that, as thereafter delivered to

8

 

purchasers of the Covered Securities included therein, the
Shelf Registration Statement and the Prospectus, in each case as then amended or supplemented, will
not include an untrue statement of a material fact or omit to state any material fact required to
be stated therein or necessary in order to make the statements therein (in the case of the
Prospectus, in the light of the circumstances under which they were made) not misleading and, in
the case of a post-effective amendment, use its commercially reasonable efforts to cause it to
become effective as promptly as practicable; provided that the Company’s obligations under this
paragraph (k) shall be suspended if the Company has suspended the use of the Prospectus in
accordance with Section 2(d) hereof and given notice of such suspension to Notice Holders,
it being understood that the Company’s obligations under this Section 3(k) shall be
automatically reinstated at the end of such Suspension Period.

          (l) Compliance with SEC Rules. The Company shall use commercially reasonable efforts to comply with all applicable rules
and regulations of the SEC and shall make generally available to its security holders an earnings
statement satisfying the provisions of Section 11(a) of the 1933 Act and Rule 158 promulgated by
the SEC thereunder (or any similar rule promulgated under the 1933 Act) for a 12-month period
commencing on the first day of the first fiscal quarter of the Company commencing after the
effective date of any Shelf Registration Statement or each post-effective amendment to any Shelf
Registration Statement, which such statements shall be made available no later than 45 days after
the end of the 12-month period or 90 days after the end of the 12-month period, if the 12-month
period coincides with the fiscal year of the Company. In addition,
the Company shall use commercially reasonable efforts to file in a timely manner all reports
required to be filed pursuant to the 1934 Act to allow the Company to remain eligible to use Form
S-3 during the Shelf Registration Period for any offering of the Covered Securities.

          (m) Exchange Listing. The Company shall cause all shares of Common Stock to be reserved for listing on each
securities exchange or quotation system on which the Common Stock is then listed no later than the
date the applicable Shelf Registration Statement is declared effective and shall cause all Common
Stock to be so listed when issued, and, in connection therewith, to make such filings as may be
required under the 1934 Act and to have such filings declared effective as and when required
thereunder.

          (n) Suspension of Disposition. Each Notice Holder agrees that, upon receipt of notice of the happening of an event
described in Sections 3(c)(ii) through and including 3(c)(vi), such Notice Holder
shall forthwith discontinue (and shall cause its agents and representatives to discontinue)
disposition of Covered Securities and will not resume disposition of Covered Securities until such
Notice Holder has received copies of an amended or supplemented Prospectus contemplated by
Section 3(k) hereof, or until such Notice Holder is advised in writing by the Company that
the use of the Prospectus may be resumed or that the relevant Suspension Period has been
terminated, as the case may be, provided that the foregoing shall not prevent the sale, transfer,
or other disposition of Covered Securities by a Holder in a transaction that is exempt from, or not
subject to, the registration requirements of the 1933 Act, so long as such Holder does not and is
not required to deliver the applicable Prospectus or Shelf Registration Statement in connection
with such sale, transfer, or other disposition, as the case may be.

9

 

          (o) Cooperation with Underwriters. To the extent that underwriters are involved in an offering of Covered Securities, the
Company shall:

               (i) make representations and warranties to the underwriters in form, scope, and substance as
are customarily made by issuers to underwriters in such underwritten offerings;

               (ii) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions
shall be reasonably satisfactory in form, scope, and substance to the underwriters) addressed to
the underwriters, covering the matters customarily covered in opinions requested in such
underwritten offerings and such other matters as may be reasonably requested by such underwriters;

               (iii) obtain “comfort letters” and updates thereof from the Company’s independent certified
public accountants addressed to the underwriters; such letters shall be in customary form and
covering matters of the type customarily covered in “comfort letters” to underwriters in connection
with such underwritten offerings;

               (iv) if an underwriting agreement is entered into, enter into customary indemnification and
contribution provisions and procedures as the underwriters shall reasonably request with respect to
all parties to be indemnified pursuant to Section 5; and

               (v) deliver such documents and certificates as may be reasonably requested by the
underwriters, and with any customary conditions contained in the underwriting agreement or other
agreement entered into by the Company.

     4. Registration Expenses. The Company shall bear all fees and expenses incurred by it in connection with the performance
of its obligations under Sections 2 and 3 hereof. Such fees and expenses shall
include, without limitation (a) all registration and filing fees and expenses (including filings
made with FINRA); (b) all fees and expenses of compliance with federal securities and state Blue
Sky or securities laws; (c) all expenses of printing (including printing of Prospectuses) and the
Company’s expenses for messenger and delivery services and telephone; (d) all fees and
disbursements of counsel to the Company; (e) all application and filing fees in connection with
listing (or authorizing for quotation) the Common Stock on a national securities exchange or
automated quotation system pursuant to the requirements hereof; and (f) all fees and disbursements
of independent certified public accountants of the Company. The Company shall bear its internal
expenses (including, without limitation, all salaries and expenses of their officers and employees
performing legal, accounting, or other duties), the expenses of any annual audit, and the fees and
expenses of any Person, including special experts, retained by the Company. Notwithstanding the
provisions of this Section 4, each Holder shall bear the expense of any broker’s
commission, agency fee, and underwriter’s discount or commission, if any, relating to the sale or
disposition of such Holder’s Covered Securities pursuant to a Shelf Registration Statement.

     5. Indemnification and Contribution.

          (a) Indemnification by Company. The Company agrees to indemnify and hold harmless each Holder of Covered Securities covered
by any Shelf Registration Statement,

10

 

its directors, officers, partners, members, advisors, and
employees and each Person, if any, who controls any such Holder within the meaning of either the
1933 Act or the 1934 Act (collectively referred to for purposes of this Section 5 as a
“Holder”) against any losses, claims, damages, or liabilities, joint or several, or actions in
respect thereof, to which any of them may become subject, under the 1933 Act or otherwise, insofar
as such losses, claims, damages, liabilities, or actions arise out of or are based upon an untrue
statement or alleged untrue statement of a material fact contained in the Shelf Registration
Statement, or in any Prospectus, or any amendment thereof or supplement thereto, or arise out of or
are based upon the omission or alleged omission to state therein a material fact necessary to make
the statements therein (in the case of any Prospectus, in the light of the circumstances under
which they were made) not misleading, and will reimburse each such Holder for any legal or other
expenses reasonably incurred by such Holder in connection with
investigating or defending any such action or claim as such expenses are incurred; provided,
however, that: (i) the Company shall not be liable in any such case to the extent that any such
loss, claim, damage, or liability arises out of or is based upon Holder Information; and (ii) with
respect to any untrue statement or omission of material fact made in any Shelf Registration
Statement, or in any Prospectus, the indemnity agreement contained in this Section 5(a)
shall not inure to the benefit of a Holder from whom the Person asserting any such loss, claim,
damage, or liability purchased the securities concerned, to the extent that any such loss, claim,
damage, or liability of such Holder occurs under the circumstance where it shall have been
established that: (w) the Company had previously furnished copies of the Prospectus, and any
amendments and supplements thereto, to such Holder; (x) delivery of the Prospectus, and any
amendment or supplements thereto, was required by the 1933 Act to be made to such Holder; (y) the
untrue statement or omission of a material fact contained in the Prospectus was corrected in
amendments or supplements thereto; and (z) there was not sent or given to such Holder, at or prior
to the written confirmation of the sale of such securities to such Holder, a copy of such
amendments or supplements to the Prospectus. This indemnity agreement will be in addition to any
liability that the Company may otherwise have. This indemnity agreement will not apply to any
loss, damage, expense, liability, or claim arising from an offer or sale, occurring during a
Suspension Period, of Covered Securities by a Notice Holder who has previously received notice from
the Company of the commencement of the Suspension Period pursuant to Section 3(c)(vi).

          (b) Indemnification by Holders. Each Holder, severally and not jointly, agrees to indemnify and hold harmless the Company,
each of its directors, officers, advisors, and employees and each Person, if any, who controls the
Company within the meaning of either the 1933 Act or the 1934 Act, to the same extent as the
foregoing indemnity from the Company to the Holders and agrees to reimburse each such indemnified
party, as incurred, for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any loss, claim, damage, liability, or action, but only with reference
to Holder Information supplied by such Holder. In no event shall any Holder, its directors,
officers, partners, members, or employees or any Person, if any, who controls such Holder be liable
or responsible for any amount in excess of the amount by which the total amount received by such
Holder with respect to its sale of Covered Securities pursuant to a Shelf Registration Statement
exceeds: (i) the amount paid by such Holder for such Covered Securities, plus (ii) the amount of
any damages that such Holder, its directors, officers, or any Person who controls such Holder has
otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or
alleged

11

 

omission. This indemnity agreement will be in addition to any liability that such Holder
may otherwise have.

          (c) Notification. Promptly after receipt by an indemnified party under this Section 5 of notice of any
claim or the commencement of any action or proceeding (including any governmental investigation),
such indemnified party will, if a claim for indemnification in respect thereof is to be made
against the indemnifying party under Section 5(a) or 5(b) hereof, notify the
indemnifying party in writing of the commencement thereof; but the omission so to notify the
indemnifying party will not relieve it from any liability which it may have to any indemnified
party to the extent it is not materially prejudiced as a result thereof and in any event
shall not relieve it from any liability which it may have otherwise than on account of this
indemnity agreement. In case any such action or proceeding is brought against any indemnified
party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party
will be entitled to participate therein (jointly with any other indemnifying party similarly
notified), and to the extent that it may elect, by written notice, delivered to such indemnified
party promptly after receiving the aforesaid notice from such indemnified party, to assume the
defense thereof, with counsel reasonably satisfactory to such indemnified party; provided, however,
that if the defendants (including any impleaded parties) in any such action include both the
indemnified party and the indemnifying party and the indemnified party shall have reasonably
concluded that there may be legal defenses available to it and/or other indemnified parties which
are different from or additional to those available to the indemnifying party, the indemnified
party or parties shall have the right to select separate counsel to defend such action on behalf of
such indemnified party or parties. Upon receipt of notice from the indemnifying party to such
indemnified party of its election so to appoint counsel to defend such action and approval by the
indemnified party of such counsel, the indemnifying party will not be liable to such indemnified
party under this Section 5 for any legal or other expenses subsequently incurred by such
indemnified party in connection with the defense thereof unless: (i) the indemnified party shall
have employed separate counsel in accordance with the proviso to the preceding sentence (it being
understood, however, that the indemnifying party shall not be liable for the expense of more than
one separate counsel (in addition to any local counsel), approved by the Holders in the case of
paragraph (a) of this Section 5, representing the indemnified parties under such paragraph
(a) who are parties to such action); (ii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified party within a
reasonable time after notice or commencement of the action; (iii) the indemnifying party has
authorized the employment of counsel for the indemnified party at the expense of the indemnifying
party; or (iv) the use of counsel chosen by the indemnifying party to represent the indemnified
party would present such counsel with a conflict of interest. An indemnifying party will not,
without the prior written consent of the indemnified parties, settle or compromise or consent to
the entry of any judgment with respect to any pending or threatened claim, action, suit, or
proceeding in respect of which indemnification or contribution may be sought hereunder (whether or
not the indemnified parties are actual or potential parties to such claim or action) unless such
settlement, compromise, or consent includes an unconditional release of each indemnified party from
all liability arising out of such claim, action, suit, or proceeding. Subject to the provisions of
the immediately following sentence, no indemnifying party shall be liable for any settlement,
compromise, or the consent to the entry of judgment in connection with any such action effected
without its written consent, but if settled with its written consent or if there be a final
judgment for the plaintiff in any such action other than a

12

 

judgment entered with the consent of
such indemnified party, the indemnifying party agrees to indemnify and hold harmless any
indemnified party from and against any loss or liability by reason of such settlement or judgment.
If at any time an indemnified party shall have requested that an indemnifying party reimburse the
indemnified party for reasonable fees and expenses of counsel as contemplated by this Section
5(c) and to which it would be entitled under Section 5(a) or 5(b) hereof, the
indemnifying party agrees that it shall be liable for any settlement of any proceeding effected
without its written consent if: (x) such settlement is entered into more than 45 days after receipt
by such indemnifying party of such request for reimbursement, (y) such indemnifying party shall
have received notice of the terms of such settlement at least 30 days
prior to such settlement being entered into, and (z) such indemnifying party shall not have
reimbursed such indemnified party in accordance with such request prior to the date of such
settlement.

          (d) Contribution. In the event that the indemnity provided in paragraph (a) or (b) of this Section 5
is unavailable to or insufficient to hold harmless an indemnified party for any reason, each
indemnifying party agrees to contribute to the aggregate losses, claims, damages, and liabilities
(including legal or other expenses reasonably incurred in connection with investigating or
defending same) (collectively, “Losses”) to which the indemnified party may be subject in such
proportion as is appropriate to reflect the relative benefits received by the Company from the
issuance of the Covered Securities, on the one hand, and a Holder with respect to the sale by such
Holder of Covered Securities, on the other hand; provided, however, that in no case shall an
indemnifying party that is a Holder be responsible for any amount in excess of the total price (net
of any commission or underwriting fee or discount) at which the Covered Securities are sold by such
Holder to a purchaser. If the allocation provided by the immediately preceding sentence is
unavailable for any reason, the Company and such Holder shall contribute in such proportion as is
appropriate to reflect not only such relative benefits but also the relative fault of the Company
on the one hand and of such Holder on the other in connection with the statements or omissions
which resulted in such Losses, as well as any other relevant equitable considerations. The
relative benefits received by the Company on the one hand and such Holder on the other shall be
deemed to be in the same respective proportions as the total net proceeds from the issuance of the
Covered Securities received by or on behalf of the Company, on the one hand, and the total proceeds
received by such Holder with respect to its sale of Covered Securities under the Shelf Registration
Statement, on the other hand, bear to the total of both such amounts. Relative fault shall be
determined by reference to, among other things, whether any untrue or any alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to
information provided by the Company on the one hand or relates to Holder Information supplied by
such Holder, on the other hand, the intent of the parties and their relative knowledge,
information, and opportunity to correct or prevent such untrue statement or omission. The parties
agree that it would not be just and equitable if contribution pursuant to this paragraph (d) were
determined by pro rata allocation or any other method of allocation that does not take account of
the equitable considerations referred to above. Notwithstanding the provisions of this paragraph
(d), no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
1933 Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 5(d), each Person who controls such Holder
within the meaning of either the 1933 Act or the 1934 Act shall have the same rights to
contribution as such Holder, and each Person who controls the Company within the meaning of either
the 1933 Act or the 1934 Act

13

 

shall have the same rights to contribution as the Company, subject in
each case to the applicable terms and conditions of this paragraph (d).

          (e) Survival. The provisions of this Section 5 will remain in full force and effect, regardless
of any investigation made by or on behalf of any Holder, any underwriter, or the Company or
any of the officers, directors, or controlling Persons referred to in Section 5
hereof, and will survive the sale by a Holder of Covered Securities covered by a Shelf Registration
Statement.

          (f) Rule 144. The Company covenants that it shall use commercially reasonable efforts to file the reports
required to be filed by it under the 1933 Act and the 1934 Act in a timely manner so long as the
Covered Securities remain outstanding. The Company further covenants that, for as long as any
Covered Securities remain outstanding, it will take such further action as any Holder of Covered
Securities may reasonably request, all to the extent required from time to time to enable such
Holder to sell Covered Securities without registration under the 1933 Act within the limitation of
the exemptions provided by Rule 144. Upon the written request of any Holder of Covered Securities,
the Company shall deliver to such Holder a written statement as to whether it has complied with
such requirements. The Company further covenants that in the event the Company fails, in violation
of this Section 5, to take any actions required to enable any Holder to sell Covered
Securities pursuant to Rule 144, the Company will use commercially reasonable efforts to take any
such actions as may be required to again enable Holders to sell pursuant to Rule 144, and in the
event the Company determines that it is no longer eligible to use Form S-3, it shall use
commercially reasonable efforts to file a registration statement on the appropriate form, including
Form S-1, as soon as practicable covering the registration of the resale of the Covered Securities
by the Holders and shall use its commercially reasonable efforts to cause such registration
statement to be declared effective by the SEC under the 1933 Act as soon as possible.

     6. Holder’s Obligation. Each Holder agrees that no Holder shall be entitled to sell any of the Common Stock pursuant to
a Shelf Registration Statement or to receive a Prospectus relating thereto unless such Holder has
furnished the Company with a completed Notice and Questionnaire as required pursuant to Section
2(b).

     7. Miscellaneous.

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

          (b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be
amended, qualified, modified, or supplemented, and waivers or consents to departures from the
provisions hereof may not be given, unless the Company consents in writing and the Company has
obtained the written consent of at least the Majority Holders; provided that
with respect to any matter that adversely affects the rights of the Holders hereunder, the
Company shall obtain the written consent of the Holders against which such amendment,
qualification, supplement, waiver, or consent is to be effective.

14

 

Notwithstanding the foregoing
(except the foregoing proviso), a waiver or consent to departure from the provisions hereof with
respect to a matter that relates exclusively to the rights of Holders whose Covered Securities are
being sold pursuant to a Shelf Registration Statement and that does not adversely affect the rights
of other Holders may be given by the Majority Holders.

          (c) Notices. All notices and other communications provided for or permitted hereunder shall be made in
writing by hand-delivery, first-class mail, telecopier, or air courier guaranteeing overnight
delivery:

               (i) if to the Holders, at the most current address of such Holder maintained by the registrar
of the Common Stock, or, in the case of the Notice Holders, the address set forth in their Notice
and Questionnaire;

with copies to

William C. Cohen, Jr.

408 Hampton

Wichita, Kansas 67206

Phone: (316) 266-6210

Fax: (316) 266-6254

E-mail: wc.cohen@imacorpcapital.com

with a copy given in the manner

prescribed above, to:

Bass, Berry & Sims PLC

315 Deaderick Street

Suite 2700

Nashville, Tennessee 37238

Attention: Howard H. Lamar III, Esq.

Phone: (615) 742-6209

Fax: (615) 742-2709

E-mail: hlamar@bassberry.com

(ii) if to the Company, to:

Smith & Wesson Holding Corporation

2100 Roosevelt Avenue

Springfield, Massachusetts 01104

Telephone: (413) 747-3349

Facsimile: (413) 739-8528

Attention: Michael F. Golden

15

 

With a copy to:

Greenberg Traurig, LLP

2375 East Camelback Rd., Suite 700

Phoenix, AZ 85016

Telephone: (602) 445-8302

Facsimile: (602) 445-8100

Attention: Robert S. Kant, Esq.

     All such notices and communications shall be deemed to have been duly given when received, if
delivered by hand or air courier, and when sent (with confirmation of receipt), if sent by
first-class mail or telecopier.

     The Holders or the Company by notice to the other may designate additional or different
addresses for subsequent notices or communications.

          (d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns
of each of the parties.

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

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

          (g) Governing Law. All questions concerning the construction, validity, enforcement, and interpretation of
this Agreement shall be governed by the internal laws of the state of Delaware, without giving
effect to any choice of law or conflict of law provision or rule (whether of the state of Delaware
or any other jurisdictions) that would cause the application of the laws of any jurisdictions other
than the state of Delaware. Each party hereby irrevocably submits to the exclusive jurisdiction of
the state and federal courts of the state of Delaware located in New Castle County, for the
adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in
any suit, action, or proceeding, any claim that it is not personally subject to the jurisdiction of
any such court, that such suit, action or proceeding is brought in an inconvenient forum, or that
the venue of such suit, action, or proceeding is improper. Each party hereby irrevocably waives
personal service of process and consents to process being served in any such suit, action, or
proceeding by mailing a copy thereof to such party at the address for such notices to it under this
Agreement and agrees that such service shall constitute good and
sufficient service of process and notice thereof. Nothing contained herein shall be deemed to
limit in any way any right to serve process in any manner permitted by law. If any provision of
this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the remainder of this Agreement
in that jurisdiction or the validity or enforceability of any provision of this Agreement in any
other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES

16

 

ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR
ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

          (h) Severability. In the event that any one of more of the provisions contained herein, or the application
thereof in any circumstances, is held invalid, illegal, or unenforceable in any respect for any
reason, the validity, legality, and enforceability of any such provision in every other respect and
of the remaining provisions hereof shall not be in any way impaired or affected thereby, it being
intended that all of the rights and privileges of the parties shall be enforceable to the fullest
extent permitted by law.

          (i) Termination. This Agreement and the obligations of the parties hereunder shall terminate upon the end of
the Shelf Registration Period, except for any liabilities or obligations under Section 5 or
7(g).

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

17

 

     IN WITNESS WHEREOF, each Holder and the Company have caused their respective signature page to
this Registration Agreement to be duly executed as of the date first written above.

	 	 	 	 	 
	 	COMPANY:

SMITH & WESSON HOLDING CORPORATION

 	 
	 	By:  	/s/  Michael F. Golden
 	 
	 	 	Name:  	Michael F. Golden 	 
	 	 	Title:  	President and CEO 	 

SIGNATURE PAGE TO REGISTRATION AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HOLDERS:

 	 
	 	/s/  Matthew A. Gelfand
 	 
	 	MATTHEW A. GELFAND 	 
	 	 	 
	 	 	 
	 	
/s/  David R. Gelfand
 	 
	 	DAVID R. GELFAND 	 
	 	 	 
	 	 	 
	 	                                              /s/  James C. Herrmann
 	 
	 	JAMES C. HERRMANN 	 
	 	 	 
	 	 	 
	 	                                              /s/  Peter Nofi
 	 
	 	PETER NOFI 	 
	 	 	 
	 
	 	THE W.C. COHEN, JR. REVOCABLE TRUST DATED AS OF
DECEMBER 23, 1998

 	 
	 	By:  	/s/  William C. Cohen, Jr.
 	 
	 	 	Name:  	William C. Cohen, Jr. 	 
	 	 	Title:  	Trustee 	 
	 
	 	B&D — R&S, INC.

 	 
	 	By:  	/s/  William C. Cohen, Jr.
 	 
	 	 	Name:  	William C. Cohen, Jr. 	 
	 	 	Title:  	Secretary and Treasurer 	 
	 
	 	DAKOTAH INVESTMENTS, LLC

 	 
	 	By:  	/s/  Robert L. Cohen
 	 
	 	 	Name:  	Robert L. Cohen 	 
	 	 	Title:  	Manager 	 
	 
	 	TRIPLE J OF WICHITA, LLC

 	 
	 	By:  	/s/  Ronald J. Cornejo
 	 
	 	 	Name:  	Ronald J. Cornejo 	 
	 	 	Title:  	Member 	 
	 
	 	 	 
	 	                                              /s/  Howard N. Marcus
 	 
	 	HOWARD N. MARCUS 	 
	 	 	 

SIGNATURE PAGE TO REGISTRATION AGREEMENT

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SGM CAPITAL, LLC

 	 
	 	By:  	/s/  Stephen McConahey
 	 
	 	 	Name:  	Stephen McConahey 	 
	 	 	Title:  	Manager 	 
	 
	 	THE W. TOM MEREDITH MARITAL TRUST

 	 
	 	By:  	/s/  Judith Meredith
 	 
	 	 	Name:  	Judith Meredith 	 
	 	 	Title:  	Trustee 	 
	 
	 	COHEN-BUTLER, LLC

 	 
	 	By:  	/s/  William C. Cohen, Jr.
 	 
	 	 	Name:  	William C. Cohen, Jr. 	 
	 	 	Title:  	Manager 	 
	 	 	 
	 	                                              /s/  John C. Hamilton
 	 
	 	JOHN C. HAMILTON 	 
	 	 	 
	 	 	 
	 	
 	 
	 	JARL BERNTZEN 	 
	 	 	 
	 	 	 
	 	                                                       	 
	 	J. DANIEL PLANTS 	 
	 	 	 
	 	 	 
	 	                                               /s/  Shez Bandukwala
 	 
	 	SHEZ BANDUKWALA 	 
	 	 	 
	 

	 	 	 	 	 
	 	INVESTCORP INTERLACHEN MULTI-STRATEGY MASTER FUND LIMITED

 	 
	 	By:  	Interlachen Capital Group LP, Authorized Signatory
 	 
	 	 	 	 
	 	By:  	                  /s/  Gregg T. Colburn
 	 
	 	 	Name:  	Gregg T. Colburn 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	/s/  Wesley M. Foss
 	 
	 	WESLEY M. FOSS 	 
	 	 	 
	 	/s/  Leonard T. Safford
 	 
	 	LEONARD T. SAFFORD 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

SIGNATURE PAGE TO REGISTRATION AGREEMENT

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