Document:

EX-4.4

 

Exhibit 4.4

CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS OF

SERIES D PARTICIPATING CONVERTIBLE PREFERRED STOCK OF

MONEYGRAM INTERNATIONAL, INC.

Pursuant to Section 151 of the

General Corporation Law of the State of Delaware

     The undersigned, pursuant to the provisions of Section 151 of the General Corporation Law (the
“DGCL”) of the State of Delaware, does hereby certify that, pursuant to the authority expressly
vested in the Board of Directors of MoneyGram International, Inc., a Delaware corporation (the
“Corporation”), by the Corporation’s Amended and Restated Certificate of Incorporation, the Board
of Directors has by resolution duly provided for the issuance of and created a series of Preferred
Stock of the Corporation, par value $0.01 per share (the “Preferred Stock”), and in order to fix
the designation and amount and the voting powers, designations, preferences and relative,
participating, optional and other special rights, and the qualifications, limitations and
restrictions, of a series of Preferred Stock, has duly adopted resolutions setting forth such
rights powers and preferences, and the qualifications, limitations and restrictions thereof, of a
series of Preferred Stock as set forth in this Certificate of Designations, Preferences and Rights
of the Series D Preferred Stock (the “Certificate”).

     Each share of such series of Preferred Stock shall rank equally in all respects and shall be
subject to the following provisions:

     1. Number of Shares and Designation. 200,000 shares of Preferred Stock of the Corporation
shall constitute a series of Preferred Stock designated as Series D Participating Convertible
Preferred Stock (the “Series D Preferred Stock”). The number of shares of Series D Preferred Stock
may be increased (to the extent of the Corporation’s authorized and unissued Preferred Stock) or
decreased (but not below the number of shares of Series D Preferred Stock then outstanding plus the
maximum number of shares of Series D Preferred Stock issuable upon conversion of all then
outstanding shares of Series B Preferred Stock and Series B-1 Preferred Stock pursuant to the terms
set forth in the Series B Certificate and the Series B-1 Certificate) by further resolution duly
adopted by the Board of Directors and the filing of a certificate of increase or decrease, as the
case may be, with the Secretary of State of the State of Delaware.

     2. Rank. The Series D Preferred Stock shall, with respect to payment of dividends and rights
(including as to the distribution of assets) upon liquidation, dissolution or winding up of the
affairs of the Corporation (i) except to the extent otherwise provided herein rank on a parity with
the Common Stock (the “Parity Securities”), and (ii) rank junior to each other class or series of
equity securities of the Corporation, whether currently issued or issued in the future without
violation of this Certificate, that by its terms ranks senior to the Series D Preferred Stock as to
payment of dividends or rights upon liquidation, dissolution or winding up of the affairs of the
Corporation (all of such equity securities are collectively referred to herein as the “Senior
Securities”). The respective definitions of Parity Securities and Senior Securities shall also
include any rights or options exercisable or exchangeable for or convertible into any of the Parity
Securities or Senior Securities, as the case may be.

 

 

     3. Dividends.

     (a) Holders of shares of Series D Preferred Stock shall be entitled to participate equally and
ratably with the holders of shares of Common Stock in all dividends and distributions paid (whether
in the form of cash, stock, other assets or otherwise, and including, without limitation, any
dividend or distribution of shares of stock or other equity of any Person other than the
Corporation, evidences of indebtedness of any Person including without limitation the Corporation
or any Subsidiary) on the shares of Common Stock as if immediately prior to each Common Stock
Dividend Record Date (as defined below), shares of Series D Preferred Stock then outstanding were
converted into shares of Common Stock (in the manner described in Section 5 without regard
to any limitations contained therein); provided, however, that if a stock dividend
of additional shares of Common Stock shall be paid to the holders of shares of Common Stock, the
holders of shares of Series D Preferred Stock shall be paid in additional shares of Series D
Preferred Stock (in the same ratio as such dividend was paid to the Common Stock).

     (b) Each dividend or distribution payable pursuant to Section 3(a) hereof shall be
payable to the holders of record of shares of Series D Preferred Stock as they appear on the stock
records of the Corporation at the close of business on the same day as the record date for the
payment of dividends to the holders of shares of Common Stock (the “Common Stock Dividend Record
Date”). Dividends or distributions payable pursuant to this Section 3 shall be payable on
the same date the such dividends or distributions are payable to holders of share of Common Stock
(the “Common Stock Dividend Payment Date”).

     (c) For the avoidance of doubt, the shares of Series D Preferred Stock that have been redeemed
upon payment of the Liquidation Payment Amount shall not be entitled to receive any dividend
pursuant to this Section 3 payable on or after the redemption date.

     4. Liquidation Preference.

     (a) In the event of any voluntary or involuntary liquidation, dissolution or winding up of the
Corporation, the holders of shares of Series D Preferred Stock then outstanding shall, with respect
to each share of Series D Preferred Stock, be entitled to be paid in redemption of such share out
of the assets of the Corporation available for distribution to its stockholders a liquidation
preference equal to of the sum of (x) $0.01 per share of Series D Preferred Stock, before any
distribution is made to holders of shares of Common Stock and (y) the payment such holders would
have received had such holders, immediately prior to such liquidation, dissolution or winding up,
converted their shares of Series D Preferred Stock into shares of Common Stock (in the manner
described in the Section 5 without regard to any limitations contained therein) (the
“Liquidation Preference”).

     (b) Neither a consolidation or merger of the Corporation with or into any other entity, nor a
merger of any other entity with or into the Corporation, nor a sale or transfer of all or any part
of the Corporation’s assets for cash, securities or other property shall by itself be considered a
liquidation, dissolution or winding up of the Corporation within the meaning of this Section
4.

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     5. Conversion.

     (a) Right to Convert.

     (i) Subject to the provisions of this Section 5, each holder of shares of
Series D Preferred Stock shall have the right, at any time and from time to time, at such
holder’s option, to convert any or all such holder’s shares of Series D Preferred Stock, in
whole or in part, into fully paid and non assessable shares of Common Stock. The number of
shares of Common Stock to be issued upon conversion shall be determined by multiplying each
share of Series D Preferred Stock by 1,000 (the “Conversion Ratio”); provided that,
notwithstanding anything in this Certificate to the contrary, the Series D Preferred Stock
may not be converted into Common Stock under this Section 5 if such conversion would
(i) require prior notice and/or approval (in each case that has not yet been received) under
the laws relating to money transmission or the sale of checks of any state, or (ii) result
in a number of shares of Common Stock to be issued that would exceed the number of shares of
Common Stock authorized for issuance by the Corporation; provided, however,
that in the event that there shall not be sufficient shares of Common Stock issued but not
outstanding or authorized but unissued to permit the exercise in full of the rights
contained in this Certificate, the Corporation shall use its best efforts to take all such
action as may be necessary to promptly authorize sufficient additional shares of Common
Stock for issuance upon exercise of all such rights.

     (ii) Notwithstanding the provisions of Section 5(a)(i), shares of Series D
Preferred Stock beneficially owned by holders that own such shares by virtue of having
converted their shares of Series B-1 Preferred Stock into shares of Series D Preferred Stock
(such holders, collectively, “GS”) shall not, under any circumstance, be entitled to convert
into Common Stock pursuant to Section 5(a) hereof; provided,
however, if GS shall, subject to the transfer restrictions contained in Section
9 hereof, transfer any such shares of Series D Preferred Stock to any other person such
that they are no longer beneficially owned by GS or an Affiliate thereof, such transferred
shares shall be entitled to exercise the conversion rights set forth in this Section
5 (subject to the limitations contained herein).

     (b) Mechanics of Conversion.

     (i) A holder of shares of Series D Preferred Stock that elects to exercise its
conversion rights pursuant to Section 5(a) shall provide notice to the Corporation
as follows: to exercise its conversion right pursuant to Section 5(a), a holder of
shares of Series D Preferred Stock to be converted shall surrender the certificate or
certificates representing such shares at the office of the Corporation (or any transfer
agent of the Corporation previously designated by the Corporation to the holders of Series D
Preferred Stock for this purpose) with a written notice of election to convert, completed
and signed, specifying the number of shares to be converted. A holder shall also provide to
the Corporation confirmation, reasonably acceptable to the Corporation, that the holder has
complied with prior notice and approval procedures applicable to such holder under the laws
and regulations of all states relating to investments in entities engaged in money
transmission or the sale of checks, to the extent required in connection with such

-3-

 

conversion. Unless the shares issuable upon conversion are to be issued in the same
name as the name in which such shares of Series D Preferred Stock are registered, each share
surrendered for conversion shall be accompanied by instruments of transfer, in form
reasonably satisfactory to the Corporation, duly executed by the holder thereof or such
holder’s duly authorized attorney and an amount sufficient to pay any transfer or similar
tax in accordance with Section 5(b)(v) (or evidence reasonably satisfactory to the
Corporation that such tax has been or will be timely paid). As promptly as practicable, and
in any event within two (2) Business Days after the surrender by the holder of the
certificates representing shares of Series D Preferred Stock as aforesaid, the Corporation
shall issue and shall deliver to such holder or, on the holder’s written order, to the
holder’s transferee, a certificate or certificates representing the number of shares of
Common Stock issuable upon conversion of such shares and a check payable in an amount
corresponding to any fractional interest in a share of Common Stock as provided in
Section 5(b)(vi)).

     (ii) Each conversion shall be deemed to have been effected immediately prior to the
close of business on the first Business Day on which the certificates representing shares of
Series D Preferred Stock shall have been surrendered and such notice received by the
Corporation as aforesaid (the “Conversion Date”). At such time on the Conversion Date:

     (A) the Person in whose name or names any certificate or certificates
representing shares of Common Stock shall be issuable upon such conversion shall be
deemed to have become the holder of record of the shares of Common Stock represented
thereby at such time; and

     (B) such shares of Series D Preferred Stock so converted shall no longer be
deemed to be outstanding, and all rights of a holder with respect to such shares
surrendered for conversion shall immediately terminate except the right to receive
the Common Stock and other amounts payable pursuant to this Section 5.

All shares of Common Stock delivered upon conversion of the Series D Preferred Stock
will, upon delivery, be duly and validly authorized and issued, fully paid and
nonassessable, free from all preemptive rights and free from all taxes, liens,
security interests and charges (other than liens or charges created by or imposed
upon the holder or taxes in respect of any transfer occurring contemporaneously
therewith).

     (iii) Holders of shares of Series D Preferred Stock at the close of business on a
Common Stock Dividend Record Date shall be entitled to receive the dividend payable on such
shares on the corresponding Common Stock Dividend Payment Date notwithstanding the
conversion thereof following such Common Stock Dividend Record Date and prior to such
Dividend Payment Date. A holder of shares of Series D Preferred Stock on a Common Stock
Dividend Record Date who (or whose transferee) tenders any such shares for conversion into
shares of Common Stock prior to the close of business on such Common Stock Dividend Record
Date will not be entitled to receive any portion of

-4-

 

the dividend payable by the Corporation on such shares of Series D Preferred Stock on
the corresponding Common Stock Dividend Payment Date.

     (iv) The Corporation will procure, at its sole expense, the listing of the shares of
Common Stock, subject to issuance or notice of issuance, and, to the extent that the
Corporation does not have enough authorized and unissued shares of Common Stock, subject to
the approval by the Company’s shareholders and Board of Directors to increase the number of
authorized shares of Common Stock, on the principal domestic stock exchange on which the
Common Stock is then listed or traded.

     (v) Issuances of certificates representing shares of Common Stock upon conversion of
the Series D Preferred Stock shall be made without charge to any holder of shares of Series
D Preferred Stock for any issue or transfer tax (other than taxes in respect of any transfer
occurring contemporaneously therewith) or other incidental expense in respect of the
issuance of such certificates, all of which taxes and expenses shall be paid by the
Corporation; provided, however, that the Corporation shall not be required
to pay any tax which may be payable in respect of any transfer involved in the issuance or
delivery of shares of Common Stock in a name other than that of the holder of the Series D
Preferred Stock to be converted, and no such issuance or delivery shall be made unless and
until the Person requesting such issuance or delivery has paid to the Corporation the amount
of any such tax or has established, to the reasonable satisfaction of the Corporation, that
such tax has been, or will be timely, paid.

     (vi) In connection with the conversion of any shares of Series D Preferred Stock into
Common Stock, no fractional interests of Common Stock shall be issued, but in lieu thereof,
a cash adjustment in respect of such fractional shares shall be paid in an amount equal to
such fractional Common Stock interest multiplied by the Market Price per share of Common
Stock at the applicable Conversion Date.

     (vii) The Corporation shall ensure that each share of Common Stock issued as a result
of conversion of Series D Preferred Stock shall be accompanied by all rights associated
generally with each other share of Common Stock outstanding as of the applicable Conversion
Date, subject to any applicable restrictions on transfer of the shares of Series D Preferred
Stock set forth in the Purchase Agreement.

     (c) Adjustments to Conversion Ratio.

     (i) Stock Splits, Subdivisions, Reclassifications or Combinations. If the Corporation
shall (1) subdivide or reclassify the outstanding shares of Common Stock into a greater
number of shares or (2) combine or reclassify the outstanding Common Stock into a smaller
number of shares, the Conversion Ratio in effect at the effective date of such subdivision,
combination or reclassification shall be adjusted to the number obtained by multiplying the
Conversion Ratio in effect at the time of the effective date of such subdivision,
combination or reclassification by a fraction, the numerator of which shall be the number of
shares of Common Stock outstanding immediately following such action, and the denominator of
which shall be the number of shares of Common Stock outstanding immediately prior to such
action.

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     (ii) Successive Adjustments. Successive adjustments in the Conversion Ratio shall be
made, without duplication, whenever any event specified in Section 5(c)(i) or
(iv)  shall occur.

     (iii) Rounding of Calculations; Minimum Adjustments. All calculations under this
Section 5(c) shall be made to the nearest one one-thousandth (1/1000th) of a whole
number. No adjustment in the Conversion Ratio is required if the amount of such adjustment
would be less than one one-hundredth (1/100th); provided,
however, that any adjustments which by reason of this Section 5(c)(iii) are
not required to be made will be carried forward and given effect in any subsequent
adjustment.

     (iv) Adjustment for Unspecified Actions. If the Corporation takes any action affecting
the Common Stock, other than action described in this Section 5(c), which upon a
determination by the Independent Directors, such determination intended to be a “fact” for
purposes of Section 151(a) of the Delaware General Corporation Law, would materially
adversely affect the conversion rights of the holders of shares of Series D Preferred Stock,
the Conversion Ratio, may be adjusted, to the extent permitted by law, in such manner, if
any, and at such time, as such Independent Directors may determine in good faith to be
equitable in the circumstances. Failure of the Independent Directors to provide for any
such adjustment prior to the effective date of any such action by the Corporation affecting
the Common Stock will be evidence that the Independent Directors have determined that it is
equitable to make no adjustments in the circumstances.

     (v) Statement Regarding Adjustments. Whenever the Conversion Ratio shall be adjusted
as provided in this Section 5(c), the Corporation shall forthwith file, at the
principal office of the Corporation, a statement showing in reasonable detail the facts
requiring such adjustment, and the Conversion Ratio that shall be in effect after such
adjustment and the Corporation shall also cause a copy of such statement to be sent by mail,
first class postage prepaid, to each holder of shares of Series D Preferred Stock at the
address appearing in the Corporation’s records.

     (vi) Notices. In the event that the Corporation shall give notice or make a public
announcement to the holders of Common Stock of any action of the type described in this
Section 5(c) (but only if the action of the type described in this Section
5(c) would result in an adjustment in the Conversion Ratio or a change in the type of
securities or property to be delivered upon conversion of the Series D Preferred Stock), the
Corporation shall, at the time of such notice or announcement, and in the case of any action
which would require the fixing of a record date, at least ten (10) days prior to such record
date, give notice to each holder of shares of Series D Preferred Stock, in the manner set
forth in this Section 5(c)(vi), which notice shall specify the record date, if any,
with respect to any such action and the approximate date on which such action is to take
place. Such notice shall also set forth the facts with respect thereto as shall be
reasonably necessary to indicate the effect on the Conversion Ratio and the number, kind or
class of shares or other securities or property which shall be deliverable upon conversion
or redemption of the Series D Preferred Stock. Failure to give such notice, or any defect
therein, shall not affect the legality or validity of any such action.

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     (vii) Miscellaneous. Except as provided in Section 5(c), no adjustment in
respect of any dividends or other payments or distributions made to holders of Series D
Preferred Stock or securities issuable upon the conversion of the Series B Preferred Stock
or Series B-1 Preferred Stock will be made while the Series D Preferred Stock is outstanding
or upon the conversion of the Series D Preferred Stock. In addition, notwithstanding any of
the foregoing, no such adjustment will be made for the issuance or conversion of any
Securities (as defined in the Purchase Agreement).

     6. Business Combinations. In case of any Business Combination or reclassification of the
Common Stock (except a reclassification described in Section 5(c)(1) above), the
Corporation shall cause lawful provision to be made as part of the terms of such Business
Combination or reclassification such that each holder of a share of Series D Preferred Stock then
outstanding shall have the right thereafter to exchange such share for, or convert such share into,
the kind and amount of securities, cash and other property, if any, receivable upon the Business
Combination or reclassification by a holder of the number of shares of Common Stock into which a
share of Series D Preferred Stock would have been convertible (without regard to any limitations on
conversion set forth in Section 5 hereof) immediately prior to the Business Combination or
reclassification.

     7. Status of Shares. Unless otherwise approved by the written consent of, or the affirmative
vote in favor at a meeting called for that purpose by, holders of at least a majority of the
outstanding shares of Series D Preferred Stock, all shares of Series D Preferred Stock that are
converted pursuant to Section 5 hereof or exchanged pursuant to the terms of the Purchase
Agreement and all shares of Series D Preferred Stock that are otherwise reacquired by the
Corporation shall (upon compliance with any applicable provisions of the laws of the State of
Delaware) have the status of authorized but unissued shares of preferred stock, without designation
as to series, subject to reissuance by the Board of Directors as shares of Series D Preferred Stock
or of any one or more other series.

     8. Voting Rights.

     (a) Subject to the restrictions contained in Section 8(d), the holders of record of
shares of Series D Preferred Stock shall be entitled to vote with the holders of Common Stock on an
as-converted basis on all matters submitted for a vote of holders of Common Stock (voting together
with the holders of Common Stock as one class).

     (b) The holders of the shares of Series D Preferred Stock shall be entitled to notice of all
stockholders’ meetings in accordance with the Certificate of Incorporation and the Bylaws of the
Corporation as if they are holders of Common Stock.

     (c) So long as shares of Series D Preferred Stock are outstanding, the Corporation shall not,
without the written consent or affirmative vote at a meeting called for that purpose by holders of
at least a majority of the outstanding shares of Series D Preferred Stock, amend, alter or repeal
any provision of this Certificate (by merger, consolidation or otherwise) in any manner adverse to
the holders of the Series D Preferred Stock, provided that no such consent or vote of the
holders of Series D Preferred Stock shall be required if, at or prior to the time when such

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amendment, alteration or repeal is to take effect, all shares of Series D Preferred Stock at
the time outstanding shall have been converted into Common Stock pursuant to Section 5.

     (d) Restrictions on Voting Rights. Except as provided in this Section 8(d), any
portion of the Series D Preferred Stock that is held as nonvoting shall be identical in all
respects to Series D Preferred Stock is voting.

     (i) If, and to the extent that, prior notice and/or approval under the laws relating to
money transmission or the sale of checks of any state is required in order for any holder
(or group of related holders) of record to hold or vote more than 9.9%, or such other
threshold as may be applicable (the “Applicable Threshold”), of the Corporation’s
outstanding voting securities, then, to the extent permitted by applicable law, that portion
of the Series D Preferred Stock that is in excess of the Applicable Threshold shall be
nonvoting in all respects. This Section 8(d)(i) shall terminate on the Voting Date.

     (ii) Any shares of Series D Preferred Stock beneficially owned by GS shall not, under
any circumstance, be entitled to the voting rights contained in Section 8(a) hereof,
and shall not be entitled to vote on any matter presented to stockholders for approval;
provided, however, if GS shall, subject to applicable transfer restrictions,
transfer any such shares of Series D Preferred Stock to any other person such that they are
not beneficially owned by GS or an Affiliate thereof, such transferred shares shall, from
and after the time of such transfer, be entitled to the voting rights set forth in this
Section 8 (subject to the limitations contained herein).

     (e) The consent or votes required in Section 8(c) shall be in addition to any approval
of the stockholders of the Corporation which may be required by law or pursuant to any provision of
the Corporation’s Certificate of Incorporation or Bylaws, which approval shall be obtained by vote
of the stockholders of the Corporation in the manner provided in Section 8(a).

     9. Definitions.

     Unless the context otherwise requires, when used herein the following terms shall have the
meaning indicated.

“Affiliate” means, with respect to any Person, any other Person directly, or indirectly
through one or more intermediaries, controlling, controlled by or under common control with
such Person. For purposes of this definition, the term “control” (and correlative terms
“controlling,” “controlled by” and “under common control with”) means possession of the
power, whether by contract, equity ownership or otherwise, to direct the policies or
management of a Person.

“Board of Directors” means the board of directors of the Corporation.

“Business Combination” means (i) any reorganization, consolidation, merger, share exchange
or similar business combination transaction involving the Corporation with any Person or
(ii) the sale, assignment, conveyance, transfer, lease or other disposition by the
Corporation of all or substantially all of its assets.

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“Common Stock” means the common stock of the Corporation, par value $0.01 per share.

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor
statute, and the rules and regulations promulgated thereunder.

“Independent Director” shall have the meaning set forth in the Purchase Agreement,

“Person” means an individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act).

“Purchase Agreement” means the Amended and Restated Purchase Agreement, dated as of March
17, 2008 among the Corporation and the purchasers named therein, including all schedules
and exhibits thereto, as the same may be amended from time to time.

“Series B Certificate” shall mean that Certificate of Designations, Preferences and Rights
of Series B Participating Convertible Preferred Stock of the Corporation in the form
contemplated by the Purchase Agreement.

“Series B Preferred Stock” means the Series B Participating Convertible Preferred Stock of
the Corporation, par value $0.01 per share.

“Series B-1 Certificate” shall mean that Certificate of Designations, Preferences and Rights
of Series B-1 Participating Convertible Preferred Stock of the Corporation in the form
contemplated by the Purchase Agreement.

“Series B-1 Preferred Stock” means the Series B-1 Participating Convertible Preferred Stock
of the Corporation, par value $0.01 per share.

“Subsidiary” of a Person means (i) a corporation, a majority of whose stock with voting
power, under ordinary circumstances, to elect directors is at the time of determination,
directly or indirectly, owned by such Person or by one or more Subsidiaries of such Person,
or (ii) any other entity (other than a corporation) in which such Person or one or more
Subsidiaries of such Person, directly or indirectly, at the date of determination thereof
has at least a majority ownership interest.

“Voting Date” means the earlier of (i) such date as all applicable state regulatory
approvals for the acquisition of control of the Corporation by the holders of the Series B
Preferred Stock as of the Closing Date (as defined in the Purchase Agreement) (such holders,
collectively, “THL”) have been obtained as reasonably determined by the Corporation and THL,
or (ii) June 15, 2008. If a stockholder vote (or action by written consent) on any matter
is required by law to occur prior to the Voting Date, then the Voting Date shall occur no
later than immediately prior to such record date.

     10. Certain Other Provisions.

     (a) If any Series D Preferred Stock certificate shall be mutilated, lost, stolen or destroyed,
the Corporation will issue, in exchange and in substitution for and upon cancellation

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of the mutilated certificate, or in lieu of and substitution for the certificate lost, stolen
or destroyed, a new Series D Preferred Stock certificate of like tenor and representing an
equivalent amount of Series D Preferred Stock, upon receipt of evidence of such loss, theft or
destruction of such certificate and, if requested by the Corporation, an indemnity on customary
terms for such situations reasonably satisfactory to the Corporation.

     (b) The headings of the various subdivisions hereof are for convenience of reference only and
shall not affect the interpretation of any of the provisions hereof.

     (c) This Certificate shall become effective upon the filing thereof with the Secretary of
State of the State of Delaware.

     11. No Other Rights.

     The shares of Series D Preferred Stock shall not have any relative, participating, optional or
other special rights and powers except as set forth herein or as may be required by law.

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     IN WITNESS WHEREOF, the Corporation has caused this Certificate to be duly executed and
acknowledged by its undersigned duly authorized officer this
24th day of March, 2008.

	 	 	 	 	 	 	 
	 	 	MONEYGRAM INTERNATIONAL, INC.
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/  Teresa H. Johnson
	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:  Teresa H. Johnson	 	 
	 

	 	 	 	Title:  Executive Vice
President, General Counsel & Secretary	 	 

-11-EX-4.5

 

Exhibit
4.5

REGISTRATION RIGHTS AGREEMENT

By and Among

THE SEVERAL INVESTORS LISTED ON SCHEDULE I HERETO

and

MONEYGRAM INTERNATIONAL, INC.

Dated as of March 25, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE I	 	DEFINITIONS	 	 	1	 
	 
	 	Section 1.1.	 	Certain Defined Terms	 	 	1	 
	 
	 	Section 1.2.	 	Terms Generally	 	 	4	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE II	 	REGISTRATION RIGHTS	 	 	4	 
	 
	 	Section 2.1.	 	Demand Registrations	 	 	4	 
	 
	 	Section 2.2.	 	Piggyback Registrations	 	 	7	 
	 
	 	Section 2.3.	 	Lock-Up Agreements	 	 	9	 
	 
	 	Section 2.4.	 	Registration Procedures	 	 	9	 
	 
	 	Section 2.5.	 	Rule 144	 	 	15	 
	 
	 	Section 2.6.	 	Certain Additional Agreements	 	 	15	 
	 
	 	Section 2.7.	 	Indemnification	 	 	16	 
	 
	 	Section 2.8.	 	Rule 144; Rule 144A	 	 	19	 
	 
	 	Section 2.9.	 	Underwritten Registrations	 	 	20	 
	 
	 	Section 2.10.	 	Registration Expenses	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE III	 	MISCELLANEOUS	 	 	21	 
	 
	 	Section 3.1.	 	Other Activities; Nature of Holder Obligations	 	 	21	 
	 
	 	Section 3.2.	 	Adjustments Affecting Registrable Securities	 	 	21	 
	 
	 	Section 3.3.	 	Other Registration Rights Agreements	 	 	21	 
	 
	 	Section 3.4.	 	Conflicting Agreements	 	 	22	 
	 
	 	Section 3.5.	 	Termination	 	 	22	 
	 
	 	Section 3.6.	 	Amendment and Waiver	 	 	22	 
	 
	 	Section 3.7.	 	Severability	 	 	22	 
	 
	 	Section 3.8.	 	Entire Agreement	 	 	22	 
	 
	 	Section 3.9.	 	Successors and Assigns	 	 	22	 
	 
	 	Section 3.10.	 	Counterparts; Execution by Facsimile Signature	 	 	23	 
	 
	 	Section 3.11.	 	Remedies	 	 	23	 
	 
	 	Section 3.12.	 	Notices	 	 	23	 
	 
	 	Section 3.13.	 	Governing Law; Consent to Jurisdiction	 	 	24	 

-i-

 

 

Index of Principal Terms

	 	 	 	 	 
	Defined Term	 	Page(s)
	 
	 	 	 	 
	Action
	 	 	1	 
	Affiliate
	 	 	1	 
	Agreement
	 	 	1	 
	automatic shelf registration statement
	 	 	15	 
	Beneficially Own
	 	 	2	 
	Business Day
	 	 	1	 
	Common Stock
	 	 	2	 
	Company
	 	Recitals
	Company Indemnitees
	 	 	18	 
	Demand Notice
	 	 	5	 
	Demand Registration
	 	 	5	 
	Demand Registration Statement
	 	 	5	 
	Exchange Act
	 	 	2	 
	Governmental Entity
	 	 	2	 
	GS Group
Investor
	 	 	2	 
	GS Investors
	 	 	2	 
	GS Representative
	 	 	2	 
	Holder Indemnitees
	 	 	17	 
	Holders
	 	 	2	 
	Holders’ Representative
	 	 	2	 
	Holding Period
	 	 	2	 
	indemnified party
	 	 	18	 
	indemnifying party
	 	 	18	 
	Investor
	 	Recitals
	Issuer Free Writing Prospectus
	 	 	2	 
	Law
	 	 	2	 
	Losses
	 	 	17	 
	Other Securities
	 	 	2	 
	Partnership Distribution
	 	 	5	 
	Person
	 	 	2	 
	Piggyback Notice
	 	 	8	 
	Piggyback Registration
	 	 	8	 
	Prospectus
	 	 	3	 
	Purchase Agreement
	 	Recitals
	Registrable Securities
	 	 	3	 
	Registration Statement
	 	 	3	 
	Rule 144
	 	 	3	 
	Rule 144A
	 	 	3	 
	SEC
	 	 	3	 
	Securities Act
	 	 	3	 
	Selling Holder
	 	 	4	 
	Series B Preferred Shares
	 	Recitals

-ii-

 

 

	 	 	 	 	 
	Defined Term	 	Page(s)
	 
	 	 	 	 
	Series D Preferred Shares
	 	 	3	 
	Subscription
Agreement
	 	 	Recitals	 
	Subsidiary
	 	 	4	 
	THL Investors
	 	 	3	 
	THL Representative
	 	 	4	 
	Transfer
	 	 	4	 
	Transferee
	 	 	4	 
	WKSI
	 	 	15	 

-iii-

 

 

REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT dated as of
March 25, 2008, by and among MoneyGram
International, Inc., a Delaware corporation (the “Company”), and the several investors
listed on Schedule I hereto (such investors are sometimes referred to individually as an
“Investor” and collectively as the “Investors”).

     WHEREAS,
the Company, the THL Investors and the GS Investors (each as defined
below) have entered into the Amended and Restated Purchase
Agreement, dated as of March 17, 2008 (as amended, supplemented, restated or otherwise modified
from time to time, the “Purchase Agreement”), pursuant to and subject to the terms and
conditions of which, among other things, the Company has agreed to
sell to the THL Investors and the GS Investors and the THL Investors
and GS Investors have agreed to purchase from the Company shares of the Company’s Series B Participating
Convertible Preferred Stock and Series B-1 Preferred Stock (collectively, the “Series B
Preferred Shares”).

     WHEREAS,
the Company has issued to the GS Group Investor shares of the
Company’s Series B-1 Participating Convertible Preferred
Stock pursuant to that certain Subscription Agreement, dated
March 25, 2008, by and between the Company and the GS Group
Investor (the “Subscription Agreement”).

     WHEREAS, pursuant to the Purchase Agreement, the Company has agreed to provide to the
THL Investors and the GS Investors certain rights as set forth
herein, and pursuant to the Subscription Agreement, the Company has
agreed to provide to the GS Group Investor certain rights as set forth herein.

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants and obligations
hereinafter set forth, the parties hereto hereby agree as follows:

ARTICLE I

DEFINITIONS

     Section 1.1. Certain Defined Terms. As used herein, the following terms shall have
the following meanings:

     “Action” means any legal, administrative, regulatory or other suit, action, claim,
audit, assessment, arbitration or other proceeding, investigation or inquiry.

     “Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling, controlled by or under common control with, such Person. For purposes of
this definition, “control” when used with respect to any Person, means the possession, directly or
indirectly, of the power to cause the direction of management and/or policies of such Person,
whether through the ownership of voting securities by contract or otherwise.

     “Agreement” means this Registration Rights Agreement as it may be amended,
supplemented, restated or modified from time to time.

     “Beneficial Ownership” by a Person of any securities includes ownership by any Person
who, directly or indirectly, through any contract, arrangement, understanding, relationship or
otherwise, has or shares (i) voting power which includes the power to vote, or to direct the voting
of, such security; and/or (ii) investment power which includes the power to dispose, or to direct
the disposition, of such security; and shall otherwise be interpreted in accordance with the term
“beneficial ownership” as defined in Rule 13d-3 adopted by the SEC under the Exchange Act. The
term “Beneficially Own” shall have a correlative meaning.

 

 

     “Business Day” means any day, other than a Saturday, Sunday or a day on which banking
institutions in New York, New York are authorized or obligated to close.

     “Common Stock” means the common stock of the Company, par value $0.01 per share.

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

     “Governmental Entity” shall mean any court, administrative agency or commission or
other governmental authority or instrumentality, whether federal, state, local or foreign and any
applicable industry self-regulatory organization.

     “GS
Investors” means the investors listed under the
heading “GS Investors” on Schedule I.

     “GS
Representative” means Bradley Gross or any or any
other person designated by the GS Investors and the GS Group Investor, in lieu of
Bradley Gross, as GS Representative.

     “Holders” means any Investor and any permitted Transferee of Registrable Securities.

     “Holders’
Representative” means Tom Hagerty or any or any
other Holder designated by Tom Hagerty, in
lieu of Tom Hagerty, as the Holders’ Representative.

     “Holding Period” means the period from the date of this Agreement until January 1,
2009.

     “Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined
in Rule 433 under the Securities Act, relating to an offer of the Registrable Securities.

     “Law” means any statute, law, code, ordinance, rule or regulation of any Governmental
Entity.

     “GS
Group Investor” means the investor listed under the
heading “GS Group Investor” on Schedule I.

     “Other Securities” means shares of equity securities of the Company other than
Registrable Securities.

     “Person” means any individual, corporation, limited liability company, limited or
general partnership, joint venture, association, joint stock company, trust, unincorporated
organization, government or any agency or political subdivisions thereof or any group (within the
meaning of Section 13(d)(3) of the Exchange Act) comprised of two or more of the foregoing.

     “Prospectus” means the prospectus included in any Registration Statement (including a
prospectus that discloses information previously omitted from a prospectus filed as part of an
effective Registration Statement in reliance upon Rule 430A promulgated under the Securities Act),
as amended or supplemented by any prospectus supplement with respect to the terms of the offering
of any portion of the Registrable Securities covered by such Registration Statement, any Issuer
Free Writing Prospectus related thereto, and all other amendments and supplements to such
prospectus, including post-effective amendments, and all material incorporated by reference or
deemed to be incorporated by reference in such prospectus.

2

 

     “Registrable Securities” means (i) all shares of Common Stock acquired by any Investor
and its Affiliates on, and from and after, the date of this Agreement, (ii) the Series B Preferred
Shares, (iii) Series D Preferred Shares issued upon conversion of Series B Preferred Shares, (iv)
shares of Common Stock issued upon conversion of Series B Preferred Shares or Series D Preferred
Shares, and (v) any securities issued directly or indirectly with respect to such shares described
in clauses (i), (ii), (iii) or (iv) because of stock splits, stock dividends, reclassifications,
recapitalizations, mergers, consolidations, or similar events. As to any particular Registrable
Securities, once issued such securities shall cease to be Registrable Securities when (i) a
Registration Statement with respect to the sale of such securities shall have become effective
under the Securities Act and such securities shall have been disposed of in accordance with such
Registration Statement or (ii) such securities shall have been sold to the public pursuant to Rule
144 (or any successor provision) under the Securities Act.

     “Registration Statement” means any registration statement of the Company under the
Securities Act which permits the public offering of any of the Registrable Securities pursuant to
the provisions of this Agreement, including the Prospectus, amendments and supplements to such
registration statement, including post-effective amendments, all exhibits and all material
incorporated by reference or deemed to be incorporated by reference in such registration statement.

     “Rule 144” means Rule 144 under the Securities Act, as such rule may be amended from
time to time, or any successor rule that may be promulgated by the SEC.

     “Rule 144A” means Rule 144A under the Securities Act, as such rule may be amended from
time to time, or any successor rule that may be promulgated by the SEC.

     “SEC” means the United States Securities and Exchange Commission.

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

     “Selling Holder” means each Holder of Registrable Securities included in a
registration pursuant to Article II.

     “Series D Preferred Shares” means the Series D Participating Convertible Preferred
Stock of the Company, par value $0.01 per share.

     “Subsidiary” of any Person shall mean those corporations and other entities of which
such Person owns or controls more than 50% of the outstanding equity securities either directly or
through an unbroken chain of entities as to each of which more than 50% of the outstanding equity
securities is owned directly or indirectly by its parent; provided, however, that there shall not
be included any such entity to the extent that the equity securities of such entity were acquired
in satisfaction of a debt previously contracted in good faith or are owned or controlled in a bona
fide fiduciary capacity.

     “THL
Investors” means the investors listed under the heading
“THL Investors” on Schedule I.

     “THL
Representative” means Tom Hagerty or any or any other person designated by Tom Hagerty, in lieu
of Tom Hagerty, as THL Representative.

3

 

     “Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber,
hypothecate or similarly dispose of, or to enter into any contract, option or other arrangement or
understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or
similar disposition.

     “Transferee” means any of (i) the transferee of all or any portion of the Registrable
Securities held by any Investor or (ii) the subsequent transferee of all or any portion of the
Registrable Securities held by any Transferee; provided, that no Transferee shall be
entitled to any benefits of a Transferee hereunder unless such Transferee executes and delivers to
the Company an instrument substantially in the form provided as Exhibit A attached hereto.

     Section 1.2. Terms Generally. The definitions in Section 1.1 shall apply equally to
both the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”,
unless the context expressly provides otherwise. All references herein to Sections, paragraphs,
subparagraphs, clauses, Exhibits or Schedules shall be deemed references to Sections, paragraphs,
subparagraphs or clauses of, or Exhibits or Schedules to this Agreement, unless the context
requires otherwise. Unless otherwise expressly defined, terms defined in this Agreement have the
same meanings when used in any Exhibit or Schedule hereto. Unless otherwise specified, the words
“this Agreement”, “herein”, “hereof”, “hereto” and “hereunder” and other words of similar import
refer to this Agreement as a whole (including the Schedules and Exhibits) and not to any particular
provision of this Agreement. The term “or” is not exclusive. The word “extent” in the phrase “to
the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall
not mean simply “if”. Unless expressly stated otherwise, any Law defined or referred to herein
means such Law as from time to time amended, modified or supplemented, including by succession of
comparable successor Laws and references to all attachments thereto and instruments incorporated
therein. References to a Person are also to its permitted successors and assigns. The table of
contents and headings contained in this Agreement are for reference purposes only and shall not
affect in any way the meaning or interpretation of this Agreement.

ARTICLE II

REGISTRATION RIGHTS

     Section 2.1. Demand Registrations.

     (a) At any time and from time to time following the last day of the Holding Period, the
Holders’ Representative shall have the right by delivering a written notice to the Company (a
“Demand Notice”) to require the Company to, pursuant to the terms of this Agreement,
register under and in accordance with the provisions of the Securities Act the number of
Registrable Securities Beneficially Owned by Holders and requested by such Demand Notice to be so
registered (a “Demand Registration”); provided, however, that in respect of
four out of the five Demand Registrations to which the Holders are entitled under this Agreement, a
Demand Notice may only be made if the amount of Registrable Securities requested to be registered
by the Holders’ Representative is reasonably expected to generate aggregate gross proceeds (prior to

4

 

deducting underwriting discounts and commissions and offering expenses) of at least $50 million. A
Demand Notice shall also specify the expected method or methods of disposition of the applicable
Registrable Securities, including any distribution to, and resale by, any partners of a Holder (a
“Partner Distribution”). As promptly as practicable, but no later than 7 Business Days
after receipt of a Demand Notice, the Company shall give written notice of such Demand Notice to
all Holders of record of Registrable Securities.

     (b) Following receipt of a Demand Notice, the Company shall use its reasonable best efforts to
file, as promptly as reasonably practicable, but not later than 30 days after receipt by the
Company of such Demand Notice (subject to paragraph (f) of this Section 2.1), a Registration
Statement (including, without limitation, on Form S-3 (or any comparable or successor form or forms
or any similar short-form registration) by means of a shelf registration pursuant to Rule 415 under
the Securities Act, if so requested and the Company is then eligible to use such a registration and
if there is no then-currently effective shelf registration statement on file with the SEC which
would cover all the Registrable Securities requested to be registered) (a “Demand Registration
Statement”) relating to the offer and sale of the Registrable Securities requested to be
included therein by the Holders’ Representative and any other Holder of Registrable Securities
which shall have made a written request to the Company for inclusion in such registration (which
request shall specify the maximum number of Registrable Securities intended to be disposed of by
such Selling Holder) within 20 days after the receipt of the Demand Notice (or 10 days if, at the
request of the Holders’ Representative, the Company states in such written notice or gives
telephonic notice to all Holders, with written confirmation to follow promptly thereafter, that
such registration will be on a Form S-3), in accordance with the method or methods of disposition
of the applicable Registrable Securities elected by such Holders (including a Partner
Distribution), and the Company shall use its reasonable best efforts to cause such Registration
Statement to be declared effective under the Securities Act as promptly as practicable after the
filing thereof. The Company shall, at the request of any Holder seeking to effect a Partner
Distribution, use its reasonable best efforts to file a Prospectus supplement or one or more
post-effective amendments and otherwise take action necessary to include therein all disclosure and
language deemed necessary or advisable by such Holder if such disclosure or language was not
included in the initial Registration Statement, or revise such disclosure or language if deemed
necessary or advisable by such Holder, to effect such Partner Distribution; provided that no
language shall be included that the Company’s counsel considers misleading, inaccurate or otherwise
inappropriate for inclusion in such document.

     (c) If any of the Registrable Securities registered pursuant to a Demand Registration are to
be sold in a firm commitment underwritten offering, and the managing underwriter(s) of such
underwritten offering advise the Holders in writing that it is their good faith opinion that the
total number or dollar amount of Registrable Securities proposed to be sold in such offering,
together with any Other Securities proposed to be included by holders thereof which are entitled to
include securities in such Registration Statement, exceeds the total number or dollar amount of
such securities that can be sold without having an adverse effect on the amount, price, timing or
distribution of the Registrable Securities to be so included together with all such Other
Securities, then there shall be included in such offering the number or dollar amount of
Registrable Securities and such Other Securities that in the opinion of such managing
underwriter(s) can be sold without so adversely affecting such offering, and such number of
Registrable Securities and Other Securities shall be allocated for inclusion as follows:

5

 

          (i) first, the Registrable Securities for which inclusion in such demand offering was
requested by an Investor or its Affiliates, pro rata (if applicable), based on the number of
Registrable Securities Beneficially Owned by each such Holder;

          (ii) second, the Registrable Securities for which inclusion in such demand offering was
requested by the other Holders, pro rata (if applicable), based on the number of Registrable
Securities Beneficially Owned by each such Holder; and

          (iii) third, among any holders of Other Securities, pro rata, based on the number of Other
Securities Beneficially Owned by each such holder.

     (d) The Holders collectively shall be entitled to request no more than five Demand
Registrations on the Company, and in no event shall the Company be required to effect more than one
Demand Registration in any nine month period.

     (e) In the event of a Demand Registration, the Company shall be required to maintain the
continuous effectiveness of the applicable Registration Statement for a period of at least 180 days
after the effective date thereof or such shorter period in which all Registrable Securities
included in such Registration Statement have actually been sold; provided, however,
that nothing in this Section 2.1(e) is intended to limit the Company’s obligations to maintain the
continuous effectiveness of Short Form Registrations in accordance with the provisions of Section
2.1(i).

     (f) The Company shall be entitled to postpone (but not more than once in any six-month
period), for a reasonable period of time not in excess of 75 days (and not for periods exceeding,
in the aggregate, 100 days during any twelve-month period), the filing or initial effectiveness of
a Demand Registration Statement if the Company delivers to the Holders’ Representative a
certificate signed by both the Chief Executive Officer and Chief Financial Officer of the Company
certifying that, in the good faith judgment of the Board of Directors of the Company, such
registration, offering or use would reasonably be expected to materially adversely affect or
materially interfere with any bona fide and reasonably imminent material financing of the Company
or any reasonably imminent material transaction under consideration by the Company or would require
the disclosure of information that has not been, and is not otherwise required to be, disclosed to
the public, the premature disclosure of which would materially adversely affect the Company.

     (g) The Holders’ Representative shall have the right to notify the Company that it has
determined that the Registration Statement relating to a Demand Registration be abandoned or
withdrawn, in which event the Company shall promptly abandon or withdraw such Registration
Statement.

     (h) No request for registration will count for the purposes of the limitations in Section
2.1(c) if (A) the Holders’ Representative determines in good faith to withdraw the proposed
registration prior to the effectiveness of the Registration Statement relating to such request due
to marketing conditions or regulatory reasons relating to the Company, (B) the Registration
Statement relating to such request is not declared effective within 60 days of the date such
Registration Statement is first filed with the SEC (other than by reason of the applicable
Holders having refused to proceed or a misrepresentation or an omission by the

6

 

applicable Holders), (C) prior to the sale or distribution of at least 90% of the Registrable Securities included in the
applicable registration relating to such request, such registration is adversely affected by any
stop order, injunction or other order or requirement of the SEC or other Governmental Entity or
court, or (D) the conditions to closing specified in any underwriting agreement or purchase
agreement entered into in connection with the registration relating to such request are not
satisfied (other than as a result of a material default or breach thereunder by the one or more
Holders). Notwithstanding anything to the contrary, the Company will pay all expenses (in
accordance with Section 2.9) in connection with any request for registration pursuant to this
Agreement regardless of whether or not such request counts toward the limitation set forth above.

     (i) Subject to Section 2.5, in addition to the Demand Registrations provided pursuant to this
Section 2.1, at all times following the last day of the Holding Period, the Company will use its
reasonable best efforts to qualify for registration on Form S-3 or any comparable or successor form
or forms or any similar short-form registration (including pursuant to Rule 415 under the
Securities Act) (“Short-Form Registration”) and such Short-Form Registration shall promptly
following the last day of the Holding Period be filed by the Company and constitute a shelf
registration statement providing for the registration of, and the sale on a continuous or delayed
basis of, the Registrable Securities, pursuant to Rule 415 under the Securities Act, to permit the
distribution of the Registrable Securities in accordance with the methods of distribution elected
by the Holders. In no event shall the Company be obligated to effect any shelf registration other
than pursuant to a Short-Form Registration. Upon filing a Short-Form Registration, the Company
will use its reasonable best efforts to keep such Short-Form Registration effective with the SEC at
all times (notwithstanding anything to the contrary in Section 2.1(d)) and to refile such
Short-Form Registration upon its expiration, and to cooperate in any shelf take-down by amending or
supplementing the prospectus statement related to such Short-Form Registration as may reasonably be
requested by the Holders’ Representative or as otherwise required, until the Holders no longer hold
Registrable Securities.

     Section 2.2. Piggyback Registrations. (a) If, at any time following the last day
of the Holding Period, the Company (other than pursuant to Section 2.1) proposes or is required to
file a registration statement under the Securities Act with respect to an offering of Common Stock
or other equity securities, whether or not for sale for its own account (other than a registration
statement (i) on Form S-4, Form S-8 or any successor forms thereto, (ii) filed solely in connection
with any employee benefit or dividend reinvestment plan or (iii) pursuant to a Demand Registration
in accordance with Section 2.1 hereof), in a manner that would permit registration of Registrable
Securities for sale to the public under the Securities Act, then the Company shall give prompt
written notice of such proposed filing at least 30 days before the anticipated filing date (the
“Piggyback Notice”) to the Holders. The Piggyback Notice shall offer the Holders the
opportunity to include in such registration statement the number of Registrable Securities as they
may request (a “Piggyback Registration”). Subject to Section 2.2(b) hereof, the Company
shall use its reasonable best efforts to include in each such Piggyback Registration all
Registrable Securities with respect to which the Company has received from any Holder written
requests for inclusion therein within 15 days following receipt of any Piggyback Notice by such
Holder, which request shall specify the maximum number of Registrable Securities intended to be
disposed of by such Holder and the intended method of distribution thereof. The Holders shall be permitted to withdraw all
or part of the Registrable

7

 

Securities from a Piggyback Registration at any time at least 2 Business
Days prior to the effective date of the Registration Statement relating to such Piggyback
Registration. The Company shall be required to maintain the effectiveness of the Registration
Statement for a Piggyback Registration for a period of 180 days after the effective date thereof or
such shorter period in which all Registrable Securities included in such Registration Statement
have actually been sold. There is no limitation on the number of Piggyback Registrations pursuant
to this Section 2.2 which the Company is obligated to effect. No Piggyback Registration shall
count towards registrations required under Section 2.1.

     (b) If any of the securities to be registered pursuant to the registration giving rise to the
Holders’ rights under this Section 2.2 are to be sold in an underwritten offering, the Holders
shall be permitted to include all Registrable Securities requested to be included in such
registration in such offering on the same terms and conditions as any Other Securities included
therein; provided, however, that if such offering involves a firm commitment
underwritten offering and the managing underwriter(s) of such underwritten offering advise the
Company in writing that it is their good faith opinion that the total amount of Registrable
Securities requested to be so included, together with all Other Securities that the Company and any
other Persons having rights to participate in such registration intend to include in such offering,
exceeds the total number or dollar amount of such securities that can be sold without having an
adverse effect on the price, timing or distribution of the Registrable Securities to be so included
together with all Other Securities, then there shall be included in such firm commitment
underwritten offering the number or dollar amount of Registrable Securities and such Other
Securities that in the opinion of such managing underwriter(s) can be sold without so adversely
affecting such offering, and such number of Registrable Securities and Other Securities shall be
allocated for inclusion as follows:

          (i) first, all Other Securities being sold by the Company or by any Person (other than a
Holder) exercising a contractual right to demand registration;

          (ii) second, all Registrable Securities requested to be included by the Holders, pro rata (if
applicable), based on the number of Registrable Securities Beneficially Owned by each such Holder;
and

          (iii) third, among any other holders of Other Securities requesting such registration, pro
rata, based on the number of Other Securities Beneficially Owned by each such holder of Other
Securities.

     (c) The Company shall, at the request of any Holder seeking to effect a Partner Distribution,
use its reasonable best efforts to file any Prospectus supplement or post-effective amendments and
otherwise take any action necessary to include therein all disclosure and language deemed necessary
or advisable by such Holder if such disclosure or language was not included in the initial
registration statement, or revise such disclosure or language if deemed necessary or advisable by
such Holder, to effect such Partner Distribution; provided that no language shall be included that
the Company’s counsel considers misleading, inaccurate or otherwise inappropriate for inclusion in
such document.

8

 

     Section 2.3. Lock-Up Agreements.

     (a) Each Holder agrees, in connection with any underwritten offering made pursuant to a
Registration Statement filed pursuant to this Article II in which such Holder has elected to
include Registrable Securities, if requested (pursuant to a written notice) by the managing
underwriter(s) not to effect any public sale or distribution of any common equity securities of the
Company (or securities convertible into or exchangeable or exercisable for such common equity
securities) (except as part of such underwritten offering) during the period commencing not earlier
than 7 days prior to and continuing for not more than 90 days (or such shorter period as the
managing underwriter(s) may permit) after the effective date of the related Registration Statement
(or a Prospectus supplement if the offering is made pursuant to a “shelf” registration) pursuant to
which such underwritten offering shall be made; provided, that such Holders shall only be
so bound so long as and to the extent that each other stockholder having registration rights with
respect to the securities of the Company is similarly bound, and provided further
that a request under this Section 2.3(a) shall not be effective more than once in any twelve-month
period.

     (b) With respect to each underwritten offering of Registrable Securities covered by a
registration pursuant to Section 2.1, the Company agrees not to effect any public sale or
distribution, or to file any registration statement (other than (x) any such registration statement
required under Section 2.1 or (y) a registration statement (i) on Form S-4, Form S-8 or any
successor forms thereto or (ii) filed solely in connection with any employee benefit or dividend
reinvestment plan) covering any of its equity securities, or any securities convertible into or
exchangeable or exercisable for such securities, during the period commencing not earlier than 7
days prior to and continuing for not more than 90 days (or such shorter period as the managing
underwriter(s) may permit) after the effective date of the related registration statement (or a
Prospectus supplement if the offering is made pursuant to a “shelf” registration) pursuant to which
such underwritten offering of Registrable Securities shall be made, in each case, as may be
requested by the managing underwriter for such offering; provided that a request under this Section
2.3(b) shall not be effective more than once in any twelve-month period.

     Section 2.4. Registration Procedures. If and whenever the Company is required to
use its reasonable best efforts to effect the registration of any Registrable Securities under the
Securities Act as provided in Article II, the Company shall effect such registration to permit the
sale of such Registrable Securities in accordance with the intended method or methods of
disposition thereof, and pursuant thereto the Company shall cooperate in the sale of the securities
and shall, as expeditiously as possible:

     (a) Prepare and file with the SEC a Registration Statement or Registration Statements on such
form which shall be available for the sale of the Registrable Securities by the Holders or the
Company in accordance with the intended method or methods of distribution thereof (including a
Partner Distribution), and use its reasonable best efforts to cause such Registration Statement to
become effective and to remain effective as provided herein; provided, however,
that before filing a Registration Statement or Prospectus or any amendments or supplements thereto
(including documents that would be incorporated or deemed to be incorporated therein by reference),
the Company shall furnish or otherwise make available to the Selling Holders, their
counsel and the managing underwriter(s), if any, copies of all such documents proposed to be

9

 

filed (including all exhibits thereto), which documents will be subject to the reasonable review
and comment of such counsel, and such other documents reasonably requested by such counsel,
including any comment letter from the SEC, and, if requested by such counsel, provide such counsel
reasonable opportunity to participate in the preparation of such Registration Statement and each
Prospectus included therein and such other opportunities to conduct a reasonable investigation
within the meaning of the Securities Act, including reasonable access to the Company’s books and
records, officers, accountants and other advisors. The Company shall not file any such
Registration Statement or Prospectus or any amendments or supplements thereto (including such
documents that, upon filing, would be incorporated or deemed to be incorporated by reference
therein) with respect to any registration pursuant to Section 2.1 or 2.2 to which the Holders’
Representative, its counsel, or the managing underwriter(s), if any, shall reasonably object, in
writing, on a timely basis, unless, in the opinion of the Company, such filing is necessary to
comply with applicable Law.

     (b) Prepare and file with the SEC such amendments and post-effective amendments to each
Registration Statement as may be necessary to keep such Registration Statement continuously
effective during the period provided herein and comply in all material respects with the provisions
of the Securities Act with respect to the disposition of all securities covered by such
Registration Statement, and cause the related Prospectus to be supplemented by any Prospectus
supplement or Issuer Free Writing Prospectus as may be necessary to comply with the provisions of
the Securities Act with respect to the disposition of the securities covered by such Registration
Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then
in force) under the Securities Act.

     (c) Notify each Selling Holder and the managing underwriter(s), if any, promptly, and (if
requested by any such Person) confirm such notice in writing, (i) when a Prospectus or any
Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment has been filed,
and, with respect to a Registration Statement or any post-effective amendment, when the same has
become effective, (ii) of any request by the SEC or any other Governmental Entity for amendments or
supplements to a Registration Statement or related Prospectus or Issuer Free Writing Prospectus or
for additional information, (iii) of the issuance by the SEC of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings for that purpose,
(iv) if at any time the representations and warranties of the Company contained in any agreement
(including any underwriting agreement contemplated by Section 2.4(o) below) cease to be true and
correct, (v) of the receipt by the Company of any notification with respect to the suspension of
the qualification or exemption from qualification of any of the Registrable Securities for sale in
any jurisdiction, or the initiation or threatening of any proceeding for such purpose, and (vi) of
the existence of any fact of which the Company becomes aware that makes any statement made in such
Registration Statement or related Prospectus or any document incorporated or deemed to be
incorporated therein by reference or any Issuer Free Writing Prospectus related thereto untrue in
any material respect or that requires the making of any changes in such Registration Statement,
Prospectus, documents or Issuer Free Writing Prospectus so that, in the case of the Registration
Statement, it will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements therein, not
misleading, and that in the case of any Prospectus or Issuer Free Writing Prospectus, it will not
contain any untrue statement of a

10

 

material fact or omit to state any material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading.

     (d) Use its reasonable best efforts to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement, or the lifting of any suspension of the qualification
(or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction
at the reasonably earliest practical date.

     (e) If requested by the managing underwriter(s), if any, or the Holders of a majority of the
Registrable Securities being sold in connection with an underwritten offering, promptly include in
a Prospectus supplement, post-effective amendment or Issuer Free Writing Prospectus such
information as the managing underwriter(s), if any, or such Holders may reasonably request in order
to permit the intended method of distribution of such securities and make all required filings of
such Prospectus supplement, such post-effective amendment or Issuer Free Writing Prospectus as soon
as practicable after the Company has received such request.

     (f) Furnish or make available to each Selling Holder, and each managing underwriter, if any,
without charge, such number of conformed copies of the Registration Statement and each
post-effective amendment thereto, including financial statements (but excluding schedules, all
documents incorporated or deemed to be incorporated therein by reference, and all exhibits, unless
requested in writing by such Holder, counsel or managing underwriter(s)), and such other documents,
as such Holders or such managing underwriter(s) may reasonably request, and upon request a copy of
any and all transmittal letters or other correspondence to or received from, the SEC or any other
Governmental Entity relating to such offering.

     (g) Deliver to each Selling Holder, and the managing underwriter(s), if any, without charge,
as many copies of the Prospectus or Prospectuses (including each form of Prospectus and any Issuer
Free Writing Prospectus related to any such Prospectuses) and each amendment or supplement thereto
as such Persons may reasonably request in connection with the distribution of the Registrable
Securities; and the Company, subject to the last paragraph of this Section 2.4, hereby consents to
the use of such Prospectus and each amendment or supplement thereto by each of the Selling Holders
and the managing underwriter(s), if any, in connection with the offering and sale of the
Registrable Securities covered by such Prospectus and any such amendment or supplement thereto.

     (h) Prior to any public offering of Registrable Securities, use its reasonable best efforts to
register or qualify or cooperate with the Selling Holders, the managing underwriter(s), if any, and
their respective counsel in connection with the registration or qualification (or exemption from
such registration or qualification) of such Registrable Securities for offer and sale under the
securities or “Blue Sky” laws of such jurisdictions within the United States as any seller or
managing underwriter(s) reasonably requests in writing and to keep each such registration or
qualification (or exemption therefrom) effective during the period such Registration Statement is
required to be kept effective and to take any other action that may be necessary or advisable to
enable such Selling Holders to consummate the disposition of such Registrable Securities in such
jurisdiction; provided, however, that the Company will not be required to (i)
qualify generally to do business in any jurisdiction where it is not then so qualified

11

 

or (ii) take any action that would subject it to general service of process in any such
jurisdiction where it is not then so subject.

     (i) Cooperate with the Selling Holders and the managing underwriter(s), if any, to facilitate
the timely preparation and delivery of certificates (not bearing any legends) representing
Registrable Securities to be sold after receiving written representations from each Selling Holder
that the Registrable Securities represented by the certificates so delivered by such Selling Holder
will be transferred in accordance with the Registration Statement, and enable such Registrable
Securities to be in such denominations and registered in such names as the managing underwriter(s),
if any, or the Selling Holders may request at least 2 Business Days prior to any sale of
Registrable Securities.

     (j) Use its reasonable best efforts to cause the Registrable Securities covered by the
Registration Statement to be registered with or approved by such other Governmental Entities within
the United States, except as may be required solely as a consequence of the nature of such Selling
Holder’s business, in which case the Company will cooperate in all reasonable respects with the
filing of such Registration Statement and the granting of such approvals, as may be necessary to
enable the seller or sellers thereof or the managing underwriter(s), if any, to consummate the
disposition of such Registrable Securities.

     (k) Upon the occurrence of any event contemplated by Section 2.4(c)(ii), (c)(iii), (c)(iv),
(c)(v) or (c)(vi) above, prepare a supplement or post-effective amendment to the Registration
Statement or a supplement to the related Prospectus or any document incorporated or deemed to be
incorporated therein by reference or an Issuer Free Writing Prospectus related thereto, or file any
other required document so that, as thereafter delivered to the Selling Holders, such Prospectus
will not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading.

     (l) Prior to the effective date of the Registration Statement relating to the Registrable
Securities, provide a CUSIP number for the Registrable Securities.

     (m) Provide and cause to be maintained a transfer agent and registrar for all Registrable
Securities covered by such Registration Statement from and after a date not later than the
effective date of such Registration Statement.

     (n) Use its reasonable best efforts to cause all shares of Registrable Securities covered by
such Registration Statement to be authorized to be listed on each national securities exchange, if
any, on which similar securities issued by the Company are then listed.

     (o) Enter into such agreements (including an underwriting agreement in form, scope and
substance as is customary in underwritten offerings) and take all such other actions reasonably
requested by the Holders of a majority of the Registrable Securities being sold in connection
therewith or by the managing underwriter(s), if any, to expedite or facilitate the disposition of
such Registrable Securities, and in connection therewith, whether or not an underwriting agreement
is entered into and whether or not the registration is an underwritten registration, (i) make such
representations and warranties to the Selling Holders and the

12

 

managing underwriter(s), if any, with respect to the business of the Company and its
subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or
deemed to be incorporated by reference therein, in each case, in form, substance and scope as are
customarily made by issuers in underwritten offerings, and, if true, confirm the same if and when
requested, (ii) use its reasonable best efforts to furnish to the Selling Holders of such
Registrable Securities opinions of counsel to the Company and updates thereof (which counsel and
opinions (in form, scope and substance) shall be reasonably satisfactory to the managing
underwriter(s), if any, and counsels to the Selling Holders of the Registrable Securities),
addressed to each Selling Holder of Registrable Securities and each of the managing underwriter(s),
if any, covering the matters customarily covered in opinions requested in underwritten offerings
and such other matters as may be reasonably requested by such counsel and managing underwriter(s),
(iii) use its reasonable best efforts to obtain “cold comfort” letters and updates thereof from the
independent certified public accountants of the Company (and, if necessary, any other independent
certified public accountants of any Subsidiary of the Company or of any business acquired by the
Company for which financial statements and financial data are, or are required to be, included in
the Registration Statement) who have certified the financial statements included in such
Registration Statement, addressed to each Selling Holder of Registrable Securities (unless such
accountants shall be prohibited from so addressing such letters by applicable standards of the
accounting profession) and each of the managing underwriter(s), if any, such letters to be in
customary form and covering matters of the type customarily covered in “cold comfort” letters in
connection with underwritten offerings, (iv) if an underwriting agreement is entered into, the same
shall contain indemnification provisions and procedures substantially to the effect set forth in
Section 2.7 hereof with respect to all parties to be indemnified pursuant to said Section except as
otherwise agreed by the Holders of a majority of the Registrable Securities being sold in
connection therewith and the managing underwriter(s) and (v) deliver such documents and
certificates as may be reasonably requested by the Holders of a majority of the Registrable
Securities being sold in connection therewith, their counsel and the managing underwriter(s), if
any, to evidence the continued validity of the representations and warranties made pursuant to
clause (i) above and to evidence compliance with any customary conditions contained in the
underwriting agreement or other agreement entered into by the Company. The above shall be done at
each closing under such underwriting or similar agreement, or as and to the extent required
thereunder.

     (p) Upon execution of a customary confidentiality agreement, make available for inspection by
a representative of the Selling Holders, the managing underwriter(s), if any, and any attorneys or
accountants retained by such Selling Holders or managing underwriter(s), at the offices where
normally kept, during reasonable business hours, financial and other records, pertinent corporate
documents and properties of the Company and its Subsidiaries, and cause the officers, directors and
employees of the Company and its Subsidiaries to supply all information in each case reasonably
requested by any such representative, managing underwriter(s), attorney or accountant in connection
with such Registration Statement.

     (q) Cause its officers to use their reasonable best efforts to support the marketing of the
Registrable Securities covered by the Registration Statement (including, without limitation, by
participation in “road shows”) taking into account the Company’s business needs.

13

 

     (r) Otherwise use its reasonable best efforts to comply with all applicable rules and
regulations of the SEC and any applicable national securities exchange, and make available to its
security holders, as soon as reasonably practicable (but not more than 18 months) after the
effective date of the Registration Statement, an earnings statement which shall satisfy the
provisions of Section 11(a) of the Securities Act.

     (s) Take all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in
connection with any registration covered by Section 2.1 or 2.2 complies in all material respects
with the Securities Act, is filed in accordance with the Securities Act to the extent required
thereby, is retained in accordance with the Securities Act to the extent required thereby and, when
taken together with the related Prospectus, Prospectus supplement and related documents, will not
contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading.

     (t) Use its reasonable best efforts to take all other steps necessary to effect the
registration of Registrable Securities contemplated hereby.

     To the extent the Company is a well-known seasoned issuer (as defined in Rule 405 under the
Securities Act) (a “WKSI”) at the time any Demand Registration request is submitted to the
Company, and such Demand Registration request requests that the Company file an automatic shelf
registration statement (as defined in Rule 405 under the Securities Act) (an “automatic shelf
registration statement”) on Form S-3, the Company shall file an automatic shelf registration
statement which covers those Registrable Securities which are requested to be registered. The
Company shall use its reasonable best efforts to remain a WKSI (and not become an ineligible issuer
(as defined in Rule 405 under the Securities Act)) during the period during which such automatic
shelf registration statement is required to remain effective. If the Company does not pay the
filing fee covering the Registrable Securities at the time the automatic shelf registration
statement is filed, the Company agrees to pay such fee at such time or times as the Registrable
Securities are to be sold. Subject to Section 2.5, if the automatic shelf registration
statement has been outstanding for at least three years, at the end of the third year the Company
shall, upon written request by the Holders’ Representative, refile a new automatic shelf
registration statement covering the Registrable Securities, if there are any remaining Registrable
Securities covered thereunder. If at any time when the Company is required to re-evaluate its WKSI
status the Company determines that it is not a WKSI, the Company shall use its reasonable best
efforts to refile the shelf registration statement on Form S-3 and, if such form is not available,
Form S-1 and keep such registration statement effective during the period during which such
registration statement is required to be kept effective.

     If the Company files any shelf registration statement for the benefit of the holders of any of
its securities other than the Holders, the Company agrees that it shall use its reasonable best
efforts to include in such registration statement such disclosures as may be required by Rule 430B
under the Securities Act (referring to the unnamed selling security holders in a generic manner by
identifying the initial offering of the securities to the Holders) in order to ensure that the
Holders may be added to such shelf registration statement at a later time through the filing of a
Prospectus supplement rather than a post-effective amendment.

14

 

     The Company may require each Selling Holder to furnish to the Company in writing such
information required in connection with such registration regarding such Selling Holder and the
distribution of such Registrable Securities as the Company may, from time to time, reasonably
request in writing and the Company may exclude from such registration the Registrable Securities of
any Selling Holder who unreasonably fails to furnish such information within a reasonable time
after receiving such request.

     Each Selling Holder agrees that, upon receipt of any notice from the Company of the happening
of any event of the kind described in Section 2.4(c)(ii), (c)(iii), or (c)(vi) hereof, such Holder
will forthwith discontinue disposition of such Registrable Securities covered by such Registration
Statement or Prospectus until such Holder’s receipt of the copies of the supplemented or amended
Prospectus contemplated by Section 2.4(k) hereof, or until it is advised in writing by the Company
that the use of the applicable Prospectus may be resumed, and has received copies of any additional
or supplemental filings that are incorporated or deemed to be incorporated by reference in such
Prospectus; provided, however, that the Company shall extend the time periods under
Section 2.1 and Section 2.2 with respect to the length of time that the effectiveness of a
Registration Statement must be maintained by the amount of time the Holder is required to
discontinue disposition of such securities.

     Section 2.5. Rule 144. Notwithstanding anything in this Agreement to the contrary,
the Company shall not be required to file or refile any registration statement pursuant to the
provisions of Section 2.1(i), or refile any automatic shelf registration statement pursuant
to Section 2.4(t), if the Company and the Holders’ Representative shall receive a written
opinion from counsel reasonably satisfactory to the Company and the Holders’ Representative that
the Holders can sell their Registrable Securities freely under Rule 144 without (x) any limitations
on the amount of Registrable Securities which may be sold by the Holders or (y) any other
requirement imposed by Rule 144 (including, without limitation, the requirement relating to the
availability of current public information with respect to the Company).

     Section 2.6. Certain Additional Agreements. If any Registration Statement or
comparable statement under state “blue sky” laws refers to any Holder by name or otherwise as the
Holder of any securities of the Company, then such Holder shall have the right to require (a) the
insertion therein of language, in form and substance satisfactory to such Holder and the Company,
to the effect that the holding by such Holder of such securities is not to be construed as a
recommendation by such Holder of the investment quality of the Company’s securities covered thereby
and that such holding does not imply that such Holder will assist in meeting any future financial
requirements of the Company, or (b) in the event that such reference to such Holder by name or
otherwise is not in the judgment of the Company, as advised by counsel, required by the Securities
Act or any similar federal statute or any state “blue sky” or securities law then in force, the
deletion of the reference to such Holder; provided, however, that if any
Registration Statement refers to any Holder by name or otherwise as the holder of any securities of
the Company and if in such Holder’s sole and exclusive judgment, such Holder is or might be deemed
to be an underwriter or a controlling Person of the Company, such Holder shall have the right to
require (i) the insertion therein of language, in form and substance reasonably satisfactory to
such Holder and the Company and presented to the Company in writing, to the effect that the holding
by such Holder of such securities is not to be construed as a recommendation by such Holder of the
investment quality of the Company’s securities covered

15

 

thereby and that such holding does not imply that such Holder will assist in meeting any future financial requirements of the Company, or (ii)
in the event that such reference to such Holder by name or otherwise is not required by the
Securities Act or any similar federal statute or any state “blue sky” or securities law then in
force, the deletion of the reference to such Holder; provided that with respect to this clause
(ii), if reasonably requested by the Company, such Holder shall furnish to the Company an opinion
of counsel to such effect, which opinion and counsel shall be reasonably satisfactory to the
Company.

     Section 2.7. Indemnification.

     (a) Indemnification by the Company. The Company shall indemnify and hold harmless, to
the fullest extent permitted by Law, each Selling Holder whose Registrable Securities are covered
by a Registration Statement or Prospectus, the officers, directors, partners (limited and general),
members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each
Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) each such Selling Holder and the officers, directors, partners (limited and general),
members, managers, shareholders, accountants, attorneys, agents and employees of each such
controlling Person, each underwriter (including any Holder that is deemed to be an underwriter
pursuant to any SEC comments or policies), if any, and each Person who controls (within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act) such underwriter
(collectively, “Holder Indemnitees”), from and against any and all losses, claims, damages,
liabilities, expenses (including, without limitation, costs of preparation and reasonable
attorneys’ fees and any other reasonable fees or expenses incurred by such party in connection with
any investigation or Action), judgments, fines, penalties, charges and amounts paid in settlement
(collectively, “Losses”), as incurred, arising out of or based upon (i) any untrue
statement (or alleged untrue statement) of a material fact contained in any applicable Registration
Statement or any other offering circular, amendment of or supplement to any of the foregoing or
other document incident to any such registration, qualification, or compliance, or the omission (or
alleged omission) to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, (ii) any untrue statement (or alleged untrue statement)
of a material fact contained in any preliminary or final Prospectus, any document incorporated by
reference therein or any Issuer Free Writing Prospectus, or the omission or alleged omission to
state therein a material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading,
and (iii) any violation by the Company of any Law applicable in connection with any such
registration, qualification, or compliance; provided, that the Company will not be liable
to a Selling Holder or underwriter, as the case may be, in any such case to the extent that any
such Loss arises out of or is based on any untrue statement or omission by such Selling Holder or
underwriter, as the case may be, but only to the extent, that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such Registration Statement (or in
any preliminary or final Prospectus contained therein, any document incorporated by reference
therein or Issuer Free Writing Prospectus related thereto), offering circular, amendment of or
supplement to any of the foregoing or other document in reliance upon and in conformity with
written information furnished to the Company by such Selling Holder or underwriter specifically for
inclusion in such document; and provided, further, that the Company will not be liable to
any Person who participates as an underwriter in any underwritten offering or sale of Registrable
Securities, or to

16

 

any Person who is a selling Holder in any non-underwritten offering or sale of
Registrable Securities, or any other Person, if any, who controls such underwriter or selling
Holder within the meaning of the Securities Act, under the indemnity agreement in this Section 2.7
with respect to any preliminary Prospectus or the final Prospectus (including any amended or
supplemented preliminary or final Prospectus), as the case may be, to the extent that any such
loss, claim, damage or liability of such underwriter, selling Holder or controlling Person results
from the fact that such underwriter or selling Holder sold Registrable Securities to a Person to
whom there was not sent or given, at or prior to the written confirmation of such sale, a copy of
the final Prospectus as then amended or supplemented, whichever is most recent, if the Company has
previously furnished copies thereof to such underwriter or selling Holder and such final
Prospectus, as then amended or supplemented, has corrected any such misstatement or omission. Such
indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of any Holder Indemnitee or any other Holder and shall survive the transfer of such
securities. The foregoing indemnity agreement is in addition to any liability that the Company may
otherwise have to each Holder Indemnitee.

     (b) Indemnification by Selling Holders. In connection with any Registration Statement
in which a Selling Holder is participating by registering Registrable Securities, such Selling
Holder agrees, severally and not jointly with any other Person, to indemnify and hold harmless, to
the fullest extent permitted by Law, the Company, the officers and directors of the Company, and
each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act) the Company, and each underwriter, if any, and each Person who controls (within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) such underwriter
(collectively, “Company Indemnitees”), from and against all Losses, as incurred, arising
out of or based on any untrue statement (or alleged untrue statement) of a material fact contained
in any such Registration Statement (or in any preliminary or final Prospectus contained therein,
any document incorporated by reference therein or Issuer Free Writing Prospectus related thereto)
or any other offering circular or any amendment of or supplement to any of the foregoing or any
other document incident to such registration, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the statements therein
(in the case of a final or preliminary Prospectus, in light of the circumstances under which they
were made) not misleading, in each case solely to the extent that such untrue statement (or alleged
untrue statement) or omission (or alleged omission) is made in such Registration Statement (or in
any preliminary or final Prospectus contained therein, any document incorporated by reference
therein or Issuer Free Writing Prospectus related thereto), offering circular, or any amendment of
or supplement to any of the foregoing or other document in reliance upon and in conformity with
written information furnished to the Company by such Selling Holder expressly for inclusion in such
document. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Company or any of its directors, officers or controlling Persons. The
Company may require as a condition to its including Registrable Securities in any Registration
Statement filed hereunder that the holder thereof acknowledge its agreement to be bound by the
provisions of this Agreement (including Section 2.7) applicable to it.

     (c) Conduct of Indemnification Proceedings. If any Person shall be entitled to
indemnity hereunder (an “indemnified party”), such indemnified party shall give prompt
notice to the party from which such indemnity is sought (the “indemnifying party”) of any
claim or of

17

 

the commencement of any Action with respect to which such indemnified party seeks
indemnification or contribution pursuant hereto; provided, however, that the delay
or failure to so notify the indemnifying party shall not relieve the indemnifying party from any
obligation or liability except to the extent that the indemnifying party has been actually
prejudiced by such delay or failure. The indemnifying party shall have the right, exercisable by
giving written notice to an indemnified party promptly after the receipt of written notice from
such indemnified party of such claim or Action, to assume, at the indemnifying party’s expense, the
defense of any such Action, with counsel reasonably satisfactory to such indemnified party;
provided, however, that an indemnified party shall have the right to employ
separate counsel in any such Action and to participate in the defense thereof, but the fees and
expenses of such counsel shall be at the expense of such indemnified party unless: (i) the
indemnifying party agrees to pay such fees and expenses; (ii) the indemnifying party fails promptly
to assume, or in the event of a conflict of interest cannot assume, the defense of such Action or
fails to employ counsel reasonably satisfactory to such indemnified party, in which case the
indemnified party shall also have the right to employ counsel and to assume the defense of such
Action; or (iii) in the indemnified party’s reasonable judgment a conflict of interest between such
indemnified and indemnifying parties may exist in respect of such Action; provided,
further, however, that the indemnifying party shall not, in connection with any one
such Action or separate but substantially similar or related Actions in the same jurisdiction,
arising out of the same general allegations or circumstances, be liable for the fees and expenses
of more than one firm of attorneys (together with appropriate local counsel) at any time for all of
the indemnified parties, or for fees and expenses that are not reasonable. Whether or not such
defense is assumed by the indemnifying party, such indemnified party will not be subject to any
liability for any settlement made without its consent (but such consent will not be unreasonably
withheld or delayed). The indemnifying party shall not consent to entry of any judgment or enter
into any settlement that does not include as an unconditional term thereof the giving by all
claimants or plaintiffs to such indemnified party of a release, in form and substance reasonably
satisfactory to the indemnified party, from all liability in respect of such claim or litigation.

     (d) Contribution.

          (i) If the indemnification provided for in this Section 2.7 is unavailable to an indemnified
party in respect of any Losses (other than in accordance with its terms), then each applicable
indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount
paid or payable by such indemnified party as a result of such Losses, in such proportion as is
appropriate to reflect the relative fault of the indemnifying party, on the one hand, and such
indemnified party, on the other hand, in connection with the actions, statements or omissions that
resulted in such Losses as well as any other relevant equitable considerations. The relative fault
of such indemnifying party, on the one hand, and indemnified party, on the other hand, shall be
determined by reference to, among other things, whether any action in question, including any
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a
material fact, has been taken by, or relates to information supplied by, such indemnifying party or
indemnified party, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent any such action, statement or omission.

          (ii) The parties hereto agree that it would not be just and equitable if contribution pursuant
to this Section 2.7(d) were determined by pro rata allocation or by any other method of

18

 

allocation that does not take account of the equitable considerations referred to in the immediately preceding
paragraph.

          (iii) No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any Person who was not guilty of such
fraudulent misrepresentation.

          (iv) The obligation of any Selling Holder obliged to make contribution pursuant to this
Section 2.7(d) shall be several and not joint.

     (e) Additional Provisions.

          (i) Notwithstanding anything to the contrary contained in this Agreement, an indemnifying
party that is a Holder shall not be required to indemnify or contribute any amount in excess of the
amount by which the net proceeds from the sale of the Registrable Securities sold by such Holder in
the applicable offering exceeds the amount of any damages that such Holder has otherwise been
required to pay pursuant to Section 2.7(b).

          (ii) The indemnification provided for under this Agreement shall remain in full force and
effect regardless of any investigation made by or on behalf of the indemnified party or any
officer, director, manager, partner or controlling Person of such indemnified party and shall
survive the Transfer of securities.

          (iii) The indemnification and contribution required by this Section 2.7 shall be made by
periodic payments of the amount thereof during the course of the investigation or defense, as and
when bills are received or Loss is incurred.

          (iv) To the extent that any of the Selling Holders is, or would be expected to be, deemed to
be an underwriter of Registrable Securities pursuant to any SEC comments or policies or any court
of law or otherwise, the Company agrees that (i) the indemnification and contribution provisions
contained in this Section 2.7 shall be applicable to the benefit of the Selling Holders in their
role as deemed underwriter in addition to their capacity as a Selling Holder (so long as the amount
for which any other Selling Holder is or becomes responsible does not exceed the amount for which
such Selling Holder would be responsible if the Selling Holder were not deemed to be an underwriter
of Registrable Securities) and (ii) the Selling Holders and their representatives shall be entitled
to conduct the due diligence which they would normally conduct in connection with an offering of
securities registered under the Securities Act, including receipt of customary opinions and comfort
letters.

     Section 2.8. Rule 144; Rule 144A. The Company covenants that it will timely file
the reports required to be filed by it under the Securities Act and the Exchange Act and the rules
and regulations adopted by the SEC thereunder (or, if the Company is not required to file such
reports, it will, upon the request of any Holder, make publicly available other information so long
as necessary to permit sales pursuant to Rule 144 or Rule 144A under the Securities Act or any
similar rules or regulations hereafter adopted by the SEC), and it will take such further action as
any Holder may reasonably request,
all to the extent required from time to time to enable such Holder to sell Registrable
Securities without registration under the Securities Act within the limitation of the exemptions
provided by (i) Rule 144 or Rule 144A or Regulation S

19

 

under the Securities Act, as such rules may be amended from time to time, or (ii) any similar rule or regulation hereafter adopted by the SEC.
Upon the request of any Holder, the Company will deliver to such Holder a written statement as to
whether it has complied with such requirements and, if not, the specifics thereof.

     Section 2.9. Underwritten Registrations. (a) If any offering of Registrable
Securities pursuant to any Demand Registration or shelf registration is an underwritten offering,
the Holders’ Representative shall have the right to select the investment banker or investment
bankers and managers to administer the offering, subject to approval by the Company, not to be
unreasonably withheld or delayed, which investment banker or investment bankers and managers may be
an Affiliate of any of the Investors. The Company shall have the right to select the investment
banker or investment bankers and managers to administer any incidental or Piggyback Registration.

     (b) No Person may participate in any underwritten registration hereunder unless such Person
(i) agrees to sell the Registrable Securities or Other Securities it desires to have covered by the
registration on the basis provided in any underwriting arrangements in customary form (including
pursuant to the terms of any over-allotment or “green shoe” option requested by the managing
underwriter, provided that no such person will be required to sell more than the number of
Registrable Securities that such Person has requested the Company to include in any registration),
and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting arrangements, provided
that such Person (other than the Company) shall not be required to make any representations or
warranties other than those related to title and ownership of shares and as to the accuracy and
completeness of statements made in a Registration Statement, Prospectus, offering circular, or
other document in reliance upon and in conformity with written information furnished to the Company
or the managing underwriter(s) by such Person and provided further, that such Person’s (other than
the Company’s) liability in respect of such representations and warranties shall not exceed such
Person’s net proceeds from the offering.

     Section 2.10. Registration Expenses. The Company shall pay all reasonable
documented expenses incident to the Company’s performance of or compliance with its obligations
under this Article II, including, without limitation, (i) all registration and filing fees
(including, without limitation, fees and expenses (A) with respect to filings required to be made
with the SEC, all applicable securities exchanges and/or the National Association of Securities
Dealers, Inc. and (B) of compliance with securities or Blue Sky laws including any fees and
disbursements of counsel for the underwriter(s) in connection with Blue Sky qualifications of the
Registrable Securities pursuant to Section 2.4(h)), (ii) printing expenses (including expenses of
printing certificates for Registrable Securities in a form eligible for deposit with The Depository
Trust Company and of printing Prospectuses if the printing of Prospectuses is requested by the
managing underwriter(s), if any, or by the Holders of a majority of the Registrable Securities
included in any Registration Statement), (iii) messenger, telephone and delivery expenses of the
Company, (iv) fees and disbursements of counsel for the Company, (v) expenses of the Company
incurred in connection with any road show, and (vi) fees and disbursements of all independent
certified public accountants (including, without limitation,
the expenses of any “cold comfort” letters required by this Agreement) and any other Persons,
including special experts retained by the Company. For the avoidance of doubt, the Company shall
pay the fees and disbursements of

20

 

one firm of counsel for the Holders in connection with each
registration under Article II, but the Company shall not pay any underwriting discounts
attributable to sales by Holders of Registrable Securities. In addition, the Company shall bear
all of its internal expenses (including all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit, the fees and expenses
incurred in connection with the listing of the securities to be registered on any securities
exchange on which similar securities issued by the Company are then listed and rating agency fees
and the fees and expenses of any Person, including special experts, retained by the Company.

ARTICLE III

MISCELLANEOUS

     Section 3.1. Other Activities; Nature of Holder Obligations. (a) Notwithstanding
anything in this Agreement, none of the provisions of this Agreement shall in any way limit an
Investor or any of its Affiliates from engaging in any brokerage, investment advisory, financial
advisory, anti-raid advisory, principaling, merger advisory, financing, asset management, trading,
market making, arbitrage, investment activity and other similar activities conducted in the
ordinary course of their business. Notwithstanding anything herein to the contrary, the
restrictions contained in this Agreement shall not apply to Common Stock or any other equity
securities of the Company, or any securities convertible into or exchangeable or exercisable for
such securities, acquired by an Investor or any of its Affiliates following the effective date of
the first Registration Statement of the Company covering Common Stock (or other equity securities
of the Company, or any securities convertible into or exchangeable or exercisable for such
securities) to be sold on behalf of the Company in an underwritten public offering.

     (b) Nature of Holders’ Obligations. The obligations of each Holder under this
Agreement are several and not joint with the obligations of any other Holder, and no Holder shall
be responsible in any way for the performance of the obligations of any other Holder under this
Agreement. Nothing contained herein, and no action taken by any Holder pursuant hereto or in
connection herewith, shall be deemed to constitute the Holders as a partnership, a joint venture or
any other kind of entity, or create a presumption that the Holders are in any way acting in concert
or as a group with respect to such obligations or any of the transactions contemplated by this
Agreement.

     Section 3.2. Adjustments Affecting Registrable Securities. The Company shall not
take any action, or permit any change to occur, with respect to its securities which would
adversely affect the ability of any Holder of Registrable Securities to include such Registrable
Securities in a registration undertaken pursuant to this Agreement.

     Section 3.3. Other Registration Rights Agreements. Until after the third Demand
Registration, the Company shall not enter into any agreement with respect to any equity securities that grants
or provides holders of such securities with registration rights that have terms more favorable than
the registration rights granted to Holders of the Registrable Securities in this Agreement unless
similar rights are granted to Holders of Registrable Securities.

21

 

     Section 3.4. Conflicting Agreements. Each party represents and warrants that it has
not granted and is not a party to any proxy, voting trust or other agreement that is inconsistent
with or conflicts with any provision of this Agreement.

     Section 3.5. Termination. This Agreement shall terminate upon the later of such
time as there are no Registrable Securities and the fifteenth anniversary of the Closing, except
for the provisions of Sections 2.7, 2.8, 2.10 and this Article III, which shall survive such
termination.

     Section 3.6. Amendment and Waiver. Except as otherwise provided herein, no
modification, amendment or waiver of any provision of this Agreement shall be effective against the
Company or any Holder unless such modification, amendment or waiver is approved in writing by the
Company, the THL Representative, and the GS Representative; provided that the written
consent of the Company and the Investors shall be sufficient in order to effect a modification,
amendment or waiver of any provision of this Agreement which (i) affects only the rights of the
Company or the Investors or (ii) does not adversely affect the rights of any party hereto other
than the Investors. Any party hereto may waive any right of such party hereunder by an instrument
in writing signed by such party and delivered to the other parties. The failure of any party to
enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such
provisions and shall not affect the right of such party thereafter to enforce each and every
provision of this Agreement in accordance with its terms.

     Section 3.7. Severability. If any provision of this Agreement shall be declared by
any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of
this Agreement shall not be affected and shall remain in full force and effect.

     Section 3.8. Entire Agreement. Except as otherwise expressly set forth herein, this
Agreement, the Purchase Agreement, and the Subscription Agreement, together with the several agreements and other documents and
instruments referred to herein or therein or annexed hereto or thereto, embody the complete
agreement and understanding among the parties hereto with respect to the subject matter hereof and
supersede and preempt any prior understandings, agreements or representations by or among the
parties, written or oral, that may have related to the subject matter hereof in any way.

     Section 3.9. Successors and Assigns. Neither this Agreement nor any right or
obligation hereunder is assignable in whole or in part by any party without the prior written
consent of the other party hereto, provided that an Investor may transfer its rights and
obligations hereunder (in whole or in part) to any Transferee (and any Transferee may transfer such
rights and obligations to any subsequent Transferee)
without the prior written consent of the Company. Any such assignment shall be effective upon
receipt by the Company of (x) written notice from the transferring Holder stating the name and
address of any Transferee and identifying the number of shares of Registrable Securities with
respect to which the rights under this Agreement are being transferred and the nature of the rights
so transferred and (y) a written agreement in substantially the form attached as Exhibit A
hereto from such Transferee to be bound by the applicable terms of this Agreement. Any such
transfer shall be without prejudice to Section 3.3. Any action taken by Holders’ Representative
shall not become void or ineffective as a result of a subsequent change in the identity of the
Holders’ Representative.

22

 

     Section 3.10. Counterparts; Execution by Facsimile Signature. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument. This Agreement may be executed by facsimile
signature(s).

     Section 3.11. Remedies. (a) Each party hereto acknowledges that monetary damages
would not be an adequate remedy in the event that any of the covenants or agreements in this
Agreement is not performed in accordance with its terms, and it is therefore agreed that, in
addition to and without limiting any other remedy or right it may have, the non-breaching party
will have the right to an injunction, temporary restraining order or other equitable relief in any
court of competent jurisdiction enjoining any such breach or threatened breach and enforcing
specifically the terms and provisions hereof. Each party hereto agrees not to oppose the granting
of such relief in the event a court determines that such a breach has occurred, and to waive any
requirement for the securing or posting of any bond in connection with such remedy.

     (b) All rights, powers and remedies provided under this Agreement or otherwise available in
respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or
beginning of the exercise of any thereof by any party shall not preclude the simultaneous or later
exercise of any other such right, power or remedy by such party.

     Section 3.12. Notices. All notices required or permitted hereunder shall be in
writing and shall be deemed effectively given (i) upon personal delivery to the party to be
notified, (ii) when sent by confirmed facsimile if sent during normal business hours of the
recipient, if not, then on the next Business Day or (iii) one Business Day after deposit with a
nationally recognized overnight courier, specifying next day delivery, with written verification of
receipt. All communications shall be sent to the addresses set forth below or such other address
or facsimile number as a party may from time to time specify by notice to the other parties hereto:

     If to the Company:

MoneyGram International Inc.

1500 Utica Avenue South, MS 8020

Minneapolis, Minnesota 55416

Fax No.: (952) 591-3859

Attn: Teresa H. Johnson, Esq.

     with a copy (which shall not constitute notice) to:

Wachtell, Lipton, Rosen & Katz

51 West 52nd Street

New York, NY 10019

Attention: David Silk

Fax: (212) 403-2000

     If to any Investor set forth on Schedule I hereto under the heading “THL Investors”, to it:

c/o Thomas H. Lee Partners, L.P.

23

 

	 	 	 
	100 Federal Street, 35th Floor
	Boston, Massachusetts 02110
	Fax No.: (617) 227-3514
	Attn:

	 	Thomas M. Hagerty
	 

	 	Seth W. Lawry
	 

	 	Scott L. Jaeckel

     with copies (which shall not constitute notice) to:

	 	 	 
	Weil, Gotshal & Manges LLP
	100 Federal Street, 34th Floor
	Boston, Massachusetts 02110
	Attn:

	 	James Westra
	 

	 	Steven Peck
	Fax: (617) 772-8333

     If to any Investor set forth on Schedule I hereto under the heading “GS Investors”, to it:

	 	 	 
	c/o Goldman, Sachs & Co.
	85 Broad Street
	New York, New York 10004
	Attention:

	 	Edward Pallesen
	 

	 	Bradley Gross
	Fax: (212) 357-5505

     with copies (which shall not constitute notice) to:

	 	 	 
	Fried, Frank, Harris, Shriver & Jacobson LLP
	One New York Plaza
	New York, New York 10004
	Attention:

	 	Robert Schwenkel
	 

	 	David Shaw
	Fax: (212) 859-4000

     Section 3.13. Governing Law; Consent to Jurisdiction. (a) This Agreement shall be
governed in all respects by the laws of the State of New York.

     (b) Each of the parties hereto (a) consents to submit itself to the personal jurisdiction of
any Federal or state court located in the Borough of Manhattan in the City of New York, New York in
the event any dispute arises out of this Agreement, (b) agrees that it will not attempt to deny or
defeat such personal jurisdiction by motion or other request for leave from any such court and (c)
agrees that it will not bring any Action relating to this Agreement in any court other than a
Federal or state court located in the Borough of Manhattan in the City of New York, New York.

     (c) Each of the parties hereto hereby irrevocably and unconditionally waives trial by jury in
any legal Action or proceeding in relation to this Agreement and for any counterclaim therein.

24

 

 

25

 

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

	 	 	 	 	 	 	 
	 	 	MONEYGRAM INTERNATIONAL,
	 

	 	 	 	INC.	 	 
	 

	 	By:
	 	/s/ Philip W. Milne

	 

	 	 	 	 	 	 
	 

	 	 	 	Name: Philip W. Milne	 	 
	 

	 	 	 	Title:   Chairman,
President and Chief Executive Officer

26

 

	 	 	 	 	 	 	 
	 	 	THOMAS H. LEE EQUITY FUND VI, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	THL EQUITY ADVISORS VI, LLC,
	 	 	 	 	its general partner
	 	 	By:	 	THOMAS H. LEE PARTNERS, L.P.,
	 	 	 	 	its sole member
	 	 	By:	 	THOMAS H. LEE ADVISORS, LLC,
	 	 	 	 	its general partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Jaeckel
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Scott Jaeckel
	 	 	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	THOMAS H. LEE PARALLEL FUND VI, L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	THL EQUITY ADVISORS VI, LLC
	 	 	 	 	its general partner
	 	 	By:	 	THOMAS H. LEE PARTNERS, L.P.,
	 	 	 	 	its sole member
	 	 	By:	 	THOMAS H. LEE ADVISORS, LLC,
	 	 	 	 	its general partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Jaeckel
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Scott Jaeckel
	 	 	 	 	Title: Managing Director
	 
	 	 	 	 	 	 
	 	 	THOMAS H. LEE PARALLEL (DT) FUND VI,
	 	 	 	 	L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	THL EQUITY ADVISORS VI, LLC
	 	 	 	 	its general partner
	 	 	By:	 	THOMAS H. LEE PARTNERS, L.P.,
	 	 	 	 	its sole member
	 	 	By:	 	THOMAS H. LEE ADVISORS, LLC,
	 	 	 	 	its general partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Jaeckel
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Scott Jaeckel
	 	 	 	 	Title: Managing Director

27

 

	 	 	 	 	 	 	 
	 	 	GS CAPITAL PARTNERS VI FUND,
	 	 	 	 	L.P.
	 	 	By:	 	GSCP VI Advisors, L.L.C.
	 	 	 	 	its General Partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Bradley Gross
	 	 	 	 	Title: Managing
Director and Vice President
	 
	 	 	 	 	 	 
	 	 	GS CAPITAL PARTNERS VI
	 	 	 	 	OFFSHORE FUND, L.P.
	 	 	By:	 	GSCP VI Offshore Advisors, L.L.C.
	 	 	 	 	its General Partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Bradley Gross
	 	 	 	 	Title: Managing
Director and Vice President
	 
	 	 	 	 	 	 
	 	 	GS CAPITAL PARTNERS VI GmbH &
	 	 	 	 	Co. KG
	 	 	By:	 	GS Advisors VI, L.L.C.
	 	 	 	 	its Managing Limited Partner
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Bradley Gross
	 	 	 	 	Title: Managing
Director and Vice President
	 
	 	 	 	 	 	 
	 	 	GS CAPITAL PARTNERS VI
	 	 	 	 	PARALLEL, L.P.
	 	 	By:	 	GS Advisors VI, L.L.C.
	 	 	 	 	its General Partner
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 	 	 	 	Name: Bradley Gross
	 	 	 	 	Title: Managing
Director and Vice President

28

 

	 	 	 	 	 	 	 
	 	 	GSMP V ONSHORE US, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Bradley Gross	 	 
	 

	 	Title:	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	GSMP V OFFSHORE US, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Bradley Gross	 	 
	 

	 	Title:	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	GSMP V INSTITUTIONAL US, LTD.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Bradley Gross	 	 
	 

	 	Title:	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	THE GOLDMAN SACHS GROUP, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Bradley Gross
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	Bradley Gross	 	 
	 

	 	Title:	 	Managing Director	 	 

29

 

SCHEDULE I

THL Investors:

THOMAS H. LEE EQUITY FUND VI, L.P.

THOMAS H. LEE PARALLEL FUND VI, L.P.

THOMAS H. LEE PARALLEL (DT) FUND VI, L.P.

GS Investors:

GS CAPITAL PARTNERS VI FUND, L.P.

GS CAPITAL PARTNERS VI OFFSHORE FUND, L.P.

GS CAPITAL PARTNERS VI GmbH & Co. KG

GS CAPITAL PARTNERS VI PARALLEL, L.P.

GSMP V ONSHORE US, LTD.

GSMP V OFFSHORE US, LTD.

GSMP V INSTITUTIONAL US, LTD.

GS Group Investors:

THE GOLDMAN SACHS GROUP, INC.

30

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