Document:

Registration Rights Agreement, dated as of May 27, 2010

 EXHIBIT 4.3 

EXECUTION VERSION 

REGISTRATION RIGHTS AGREEMENT 

by and among 

COOPER-STANDARD HOLDINGS, INC., 

THE BACKSTOP PURCHASERS 

and 

THE OTHER HOLDERS PARTY HERETO 

Dated as of May 27, 2010 

 Table of Contents 

 

					
	 	  	 	  	Page
			
	1.	  	Definitions	  	1
			
	2.	  	Demand Registrations	  	6
			
	3.	  	Shelf Registration	  	9
			
	4.	  	Piggyback Takedowns	  	12
			
	5.	  	Suspension Period	  	13
			
	6.	  	Holdback Agreements	  	14
			
	7.	  	Company Undertakings	  	15
			
	8.	  	Registration Expenses	  	20
			
	9.	  	Hedging Transactions	  	21
			
	10.	  	Indemnification; Contribution	  	21
			
	11.	  	Participation in Underwritten Offering/Sale of Registrable Securities	  	25
			
	12.	  	Free Writing Prospectuses	  	26
			
	13.	  	Information from Holders	  	26
			
	14.	  	Financial Reports	  	27
			
	15.	  	Private Placement	  	27
			
	16.	  	Rule 144	  	27
			
	17.	  	Transfer of Registration Rights	  	28
			
	18.	  	Amendment, Modification and Waivers; Further Assurances	  	28
			
	19.	  	Miscellaneous	  	29

  

			
		
	Annex A	 	Plan of Distribution
	Annex B	 	Form of Joinder Agreement

 EXHIBIT 4.3 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of May 27, 2010 by and among
Cooper-Standard Holdings, Inc., a Delaware corporation (the “Company”), the parties identified as “Backstop Purchasers” on the signature page hereto and the parties identified as
“Holders” on the signature page hereto. Capitalized terms used but not otherwise defined herein are defined in Section 1 hereof. 

RECITALS: 

WHEREAS, pursuant to the Commitment Agreement dated March 19, 2010 (the “Commitment Agreement”) by and
between the Company and the Backstop Purchasers, the Company has agreed to offer registration rights to certain holders of the Company’s New Common Stock, New Preferred Stock and Warrants on the terms and conditions set forth herein; and

 WHEREAS, the Company proposes to issue the New Common Stock, New Preferred Stock and Warrants pursuant to, and upon the terms
set forth in, the plan of reorganization of the Company and certain of its subsidiaries and affiliates under chapter 11 of Title 11 of the United States Code (the “Plan”). 

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

	 	1.	Definitions. 

“Affiliate” of any particular Person means any other Person directly or indirectly controlling, controlled by or
under common control with such Person. 
 “Agreement” has the meaning specified in the first paragraph
hereof. 
 “Automatic Shelf Registration Statement” means an “automatic shelf registration
statement” as defined in Rule 405 (or any successor rule then in effect) promulgated under the Securities Act. 

“Backstop Purchasers” has the meaning specified in the first paragraph hereof. 

“beneficially owned”, “beneficial ownership” and similar phrases have the same
meanings as such terms have under Rule 13d-3 and 13d-5 (or any successor rule then in effect) promulgated under the Exchange Act, except that in calculating the beneficial ownership of any Holder, such Holder shall be deemed to have beneficial
ownership of all securities that such Holder has the right to acquire, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition. 

“Board” means the Board of Directors of the Company. 

 “Business Day” means any day other than a Saturday, Sunday or other
day on which commercial banks in New York City are authorized or required by applicable law or executive order to close. 

“Commission” means the United States Securities and Exchange Commission or any successor governmental agency.

 “Commitment Agreement” has the meaning specified in the Recitals. 

“Company” has the meaning specified in the first paragraph hereof. 

“Company Demand Registration Notice” has the meaning specified in Section 2(b). 

“Company Shelf Takedown Notice” has the meaning specified in Section 3(c). 

“control” (including the terms “controlling,” “controlled by” and
“under common control with”) means, unless otherwise noted, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting
shares, by contract, or otherwise. 
 “Counsel to the Holders” means, with respect to any underwritten
offering pursuant to a Demand Registration (including a Shelf Takedown or any Underwritten Shelf Takedown), the one law firm or other legal counsel selected by the Holders of a majority of the Registrable Securities requested to be included in such
Demand Registration (or Shelf Takedown or Underwritten Shelf Takedown, if applicable). 
 “Demand
Holder” shall mean (i) any Backstop Purchaser or (ii) any Holder, in each case that, together with its Affiliates, beneficially owns at least 5% of the outstanding shares of New Common Stock (on a fully diluted basis assuming
the conversion of all New Preferred Stock and the exercise of all Warrants) as of the Effective Date, for so long as such Backstop Purchaser or Holder, in each case, together with its Affiliates continues to beneficially own at least 5% of the
aggregate outstanding shares of New Common Stock (on a fully diluted basis assuming the conversion of all New Preferred Stock and the exercise of all Warrants); provided, however, that any decrease in the beneficial ownership
percentage of any Demand Holder resulting from the issuance by the Company of New Common Stock, New Preferred Stock or other securities convertible into or exercisable for New Common Stock or New Preferred Stock, shall not cause any Demand Holder to
cease being a Demand Holder for purposes of this Agreement; provided, further, that a Demand Holder shall cease to be a Demand Holder at such time as such Demand Holder no longer holds any Registrable Securities. 

“Demand Registration” has the meaning specified in Section 2(a)(ii). 

“Demand Registration Notice” has the meaning specified in Section 2(b). 

“Demand Shelf Takedown Notice” has the meaning specified in Section 3(c). 

“Determination Date” has the meaning specified in Section 3(g). 

 

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 “EDGAR” means the Electronic Data Gathering, Analysis and Retrieval
System of the Commission. 
 “Effective Date” has the meaning assigned to such term in the Plan.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“FINRA” means the Financial Industry Regulatory Authority or any successor regulatory authority. 

“Follow-On Registration Notice” has the meaning specified in Section 3(h). 

“Follow-On Shelf” has the meaning specified in Section 3(h). 

“Form S-1 Shelf” has the meaning specified in Section 3(a). 

“Form S-3 Shelf” has the meaning specified in Section 3(a). 

“Free Writing Prospectus” means any “free writing prospectus” as defined in Rule 405 promulgated under
the Securities Act. 
 “Hedging Counterparty” means a broker dealer registered under Section 15(b)
of the Exchange Act or an Affiliate thereof. 
 “Hedging Transaction” means any transaction involving a
security linked to the Registrable Securities or any security that would be deemed to be a “derivative security” (as defined in Rule 16a-1(c) promulgated under the Exchange Act) with respect to the Registrable Securities or any
transaction (even if not a security) which would (were it a security) be considered such a derivative security, or which transfers some or all of the economic risk of ownership of the Registrable Securities, including any forward contract, equity
swap, put or call, put or call equivalent position, collar, non-recourse loan, sale of an exchangeable security or similar transaction. For the avoidance of doubt, the following transactions shall be deemed to be Hedging Transactions: 

(i) transactions by a Holder in which a Hedging Counterparty engages in short sales of Registrable Securities pursuant to a prospectus
and may use Registrable Securities to close out its short position; 
 (ii) transactions pursuant to which a Holder sells short
Registrable Securities pursuant to a prospectus and delivers Registrable Securities to close out its short position; 
 (iii)
transactions by a Holder in which the Holder delivers, in a transaction exempt from registration under the Securities Act, Registrable Securities to the Hedging Counterparty who will then publicly resell or otherwise transfer such Registrable
Securities pursuant to a prospectus or an exemption from registration under the Securities Act; and 
  

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 (iv) a loan or pledge of Registrable Securities to a Hedging Counterparty who may then
become a selling stockholder and sell the loaned shares or, in an event of default in the case of a pledge, sell the pledged shares, in each case, in a public transaction pursuant to a prospectus. 

“Holder” means (i) each Person (including each Backstop Purchaser) identified on the signature page hereto,
together with its Affiliates and (ii) any parties identified on the signature page of any joinder agreements executed and delivered to the Company pursuant to Section 17 hereof, together with its Affiliates. 

“Holder Free Writing Prospectus” means each Free Writing Prospectus prepared by or on behalf of the relevant
Holder or used or referred to by such Holder in connection with the offering of Registrable Securities. 
 “Initial
Public Offering” means the initial underwritten public offering of New Common Stock by the Company pursuant to an effective registration statement filed by the Company with the Commission (other than on Forms S-4 or S-8 or successors to
such forms) under the Securities Act, including as may result from the Initial Demand Registration. 
 “Initial
Demand Registration” has the meaning specified in Section 2(a)(i). 
 “Initial Requesting
Holder” has the meaning specified in Section 2(a)(i). 
 “Issuer Free Writing
Prospectus” means an issuer free writing prospectus as defined in Rule 433 under the Securities Act. 

“Lock-Up Period” has the meaning specified in Section 6. 

“Long-Form Registration” has the meaning specified in Section 2(a)(ii). 

“Losses” has the meaning specified in Section 10(a). 

“National Securities Exchange” means any exchange registered as a national securities exchange under the terms
and conditions of Section 6 and in accordance with the provisions of Section 19 of the Exchange Act (or any successor provisions then in effect). 

“New Common Stock” means the shares of common stock, par value $0.001 per share, of the Company issued on or
after the Effective Date. 
 “New Preferred Stock” means the shares of the Company’s 7% Cumulative
Participating Convertible Preferred Stock, issued on or after the Effective Date. 
 “Other Holders” has
the meaning specified in Section 4(c). 
 “Person” means an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, a governmental entity or any department, agency or political subdivision thereof or any other entity.

  

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 “Piggyback Takedown” has the meaning specified in
Section 4(a). 
 “Plan” has the meaning specified in the Recitals. 

“Proceeding” has the meaning specified in Section 10(a). 

“Prospectus” means the prospectus used in connection with a Registration Statement. 

“Registrable Securities” means at any time New Common Stock (including New Common Stock issuable upon conversion
of New Preferred Stock and New Common Stock issuable upon exercise of Warrants), New Preferred Stock and Warrants held or beneficially owned by any Holder, including (i) any New Common Stock issued pursuant to the Plan or upon the conversion,
exercise or exchange, as applicable, of any other securities and/or interests issued pursuant to the Plan and (ii) any shares of New Common Stock, New Preferred Stock or Warrants acquired in the open market or otherwise purchased or acquired by
the Holder after the Effective Date; provided, however, that as to any Registrable Securities, such securities shall irrevocably cease to constitute Registrable Securities upon the earliest to occur of: (A) the date on which such
securities have been disposed of pursuant to an effective registration statement under the Securities Act; (B) the date on which such securities have been disposed of pursuant to Rule 144; (C) with respect to the Registrable Securities of
any Holder, at any time that such Holder no longer holds or beneficially owns at least 2% of the outstanding New Common Stock, but only if such Holder is not an “affiliate” for purposes of Rule 144 (and has not been an
“affiliate” during the preceding three months and at least one year has elapsed since the Registrable Securities were acquired from the Company or an “affiliate” of the Company); (D) the date on which such securities have
been transferred to any Person, other than a Holder or a Person pursuant to Section 17 hereof; and (E) the date on which such securities cease to be outstanding. For purposes of determining the number or a percentage of Registrable
Securities in this Agreement, the number or percentage of Registrable Securities shall be determined based on a fully diluted common stock equivalent basis (assuming the conversion of all New Preferred Stock and the exercise of all Warrants).

 “Registration Statement” means any registration statement filed hereunder or in connection with a
Piggyback Takedown. 
 “Requesting Holder” has the meaning specified in Section 2(a)(ii).

 “Rule 144” means Rule 144 promulgated under the Securities Act (or any successor rule then in
effect). 
 “Rule 144A” means Rule 144A promulgated under the Securities Act (or any successor rule then
in effect). 
 “Securities Act” means the Securities Act of 1933, as amended from time to time.

 “Shelf Registration” means a registration of securities pursuant to a Registration Statement filed
with the Commission in accordance with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect) that, in accordance with Section 7(c), the Company may be required to keep effective for longer
than 90 days. 
  

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 “Shelf Takedown” means an Underwritten Shelf Takedown, a Piggyback
Takedown or another offering pursuant to a Shelf Registration. 
 “Short-Form Registration” has the
meaning specified in Section 2(a)(ii). 
 “Suspension Period” has the meaning specified in
Section 5(a). 
 “Underwritten Shelf Takedown” has the meaning specified in
Section 3(b). 
 “Warrants” means the warrants to purchase New Common Stock being issued to
certain of the Holders pursuant to the Warrant Agreement, dated as of May 27, 2010, between the Company and Computershare Inc. and Computershare Trust Company, N.A., collectively as Warrant Agent as of the date hereof. 

“Well-Known Seasoned Issuer” means a “well-known seasoned issuer” as defined in Rule 405
promulgated under the Securities Act (or any successor rule then in effect) and which (i) is a “well-known seasoned issuer” under paragraph (1)(i)(A) of such definition or (ii) is a “well-known seasoned
issuer” under paragraph (1)(i)(B) of such definition and is also eligible to register a primary offering of its securities relying on General Instruction I.B.1 of Form S-3 or Form F-3 under the Securities Act. 

 

	 	2.	Demand Registrations. 

(a) Requests for Registration. 

(i) At any time after the Effective Date and prior to an Initial Public Offering, (A) a Holder or group of Holders that
beneficially owns at least 35% of the outstanding Registrable Securities or (B) each Backstop Purchaser, for so long as such Backstop Purchaser and its Affiliates beneficially own at least 7.5% of the outstanding shares of New Common Stock (on
a fully diluted basis assuming the conversion of all New Preferred Stock and the exercise of all Warrants) (in the applicable capacity pursuant to clause (A) or (B), each an “Initial Requesting Holder”) may request
registration under the Securities Act of all or any portion of the Registrable Securities held by such Initial Requesting Holder(s) on Form S-1 (or any successor form then in effect) (the “Initial Demand Registration”);
provided that in the case of the Initial Demand Registration such Initial Requesting Holder(s) will be entitled to make such demand only if the total offering price of the shares to be sold in such offering (including piggyback shares and
before deduction of underwriting discounts) is reasonably expected to exceed, in the aggregate, $75 million. The Initial Requesting Holder may request that the Initial Demand Registration be an underwritten offering. For the avoidance of doubt, only
one Initial Demand Registration may be effected pursuant to this Section 2(a)(i). 
 (ii) At any time after the
Initial Public Offering, any Demand Holder or group of Demand Holders (in such capacity, each a “Requesting Holder”) may request registration under the Securities Act of all or any portion of the Registrable Securities held
by such Requesting Holder(s) (A) on Form S-1 (or any successor form then in effect) (a “Long-Form Registration”) or (B) on Form S-3 or any similar short-form registration (a “Short-Form
Registration”), if available (any registration under Sections 2(a)(i) or 2(a)(ii), a “Demand Registration”); provided that the Company will not be required to take any action pursuant to

  

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this Section 2(a) of this Agreement: (A) if within the 12-month period preceding the date of a Demand Registration Notice the Company has effected either (1) two Demand
Registrations pursuant to this Section 2 or (2) one registration pursuant to a Demand Registration Request and another registration statement of the Company under the Securities Act with respect to the New Common Stock has been
declared effective within the 12-month period preceding such Demand Registration Notice and at least $20 million (based on the total offering price of such shares before deduction of underwriting discounts) of the then outstanding Registrable
Securities were entitled pursuant to the terms of this Agreement to be included in such registration statement; (B) in the case of each such Long-Form Registration, unless the total offering price of the shares to be sold in such Long-Form
Registration (including piggyback shares and before deduction of underwriting discounts) is reasonably expected to exceed, in the aggregate, $50 million; (C) in the case of each such Short-Form Registration, unless the total offering price of
the shares to be sold in such Short-Form Registration (including piggyback shares and before deduction of underwriting discounts) is reasonably expected to exceed, in the aggregate, $20 million; or (D) during the pendency of any Suspension
Period. Notwithstanding the preceding sentence, Section 2(a)(i) hereof and Section 3(b) hereof, the Company shall be required to conduct no more than eight Long-Form Registrations for the Backstop Purchasers and no more than
twelve Demand Registrations in connection with underwritten offerings (including Long-Form Registrations, Short-Form Registrations and Shelf Registrations) in total. Any Requesting Holder may request that any offering conducted under a Long-Form
Registration or Short-Form Registration be underwritten. 
 (b) Demand Registration Notices. All requests for Demand
Registrations shall be made by giving written notice to the Company (the “Demand Registration Notice”). Each Demand Registration Notice shall specify (i) whether such Demand Registration shall be an underwritten
offering, (ii) the approximate number of Registrable Securities proposed to be sold in the Demand Registration and (iii) the expected price range (net of underwriting discounts and commissions) of such Demand Registration. Within five
Business Days after receipt of any Demand Registration Notice, the Company shall give written notice of such requested Demand Registration to all other Holders of Registrable Securities (the “Company Demand Registration
Notice”) and, subject to the provisions of Section 2(e) below, shall include in such Demand Registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within
20 days after sending the Company Demand Registration Notice. 
 (c) Long-Form Registrations. A registration shall not
count as one of the permitted Long-Form Registrations until both (i) it has become effective and (ii) the Requesting Holder(s) is able to register and sell pursuant to such registration at least 90% of the Registrable Securities requested
to be included in such registration either at the time of the registration or within 90 days thereafter; provided that a Long-Form Registration which is withdrawn at the sole request of the Requesting Holder(s) who demanded such Long-Form
Registration will count as a Long-Form Registration unless the Company is reimbursed by such Requesting Holder(s) for all reasonable out-of-pocket expenses incurred by the Company in connection with such registration. Subject to
Section 2(a) above, each Demand Holder shall be entitled to act as a Requesting Holder (whether alone or as part of a group of Requesting Holders) for up to two Long-Form Registrations in the aggregate. 

 

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 (d) Short-Form Registrations. Demand Registrations shall be Short-Form Registrations
whenever the Company is permitted to use any applicable short form registration statement under the rules and regulations of the Securities Act, unless the underwriters, in their reasonable discretion, determine that the use of a Long-Form
Registration is necessary in order for the successful offering of such Shares. Promptly after the Company has become eligible to use Form S-3 under the Securities Act, the Company shall use commercially reasonable efforts to make Short-Form
Registrations on Form S-3 (or any successor form) available for the resale of Registrable Securities on a continuous or delayed basis. 

(e) Priority on Demand Registrations. The Company shall not include in any Demand Registration any securities which are not
Registrable Securities without the prior written consent of the Holders of a majority of the Registrable Securities requested to be included in the Demand Registration. If the Demand Registration is an underwritten offering and the managing
underwriters for such Demand Registration advise the Company and applicable Requesting Holders in writing that in their opinion the number of Registrable Securities and, if permitted hereunder, other securities requested to be included in such
Demand Registration exceeds the number of Registrable Securities and other securities, if any, which can be sold in an orderly manner in such offering within a price range acceptable to the Holders of a majority of the Registrable Securities
requested to be included in the Demand Registration, the Company shall include in such Demand Registration the number of Registrable Securities which can be so sold in the following order of priority: (i) first, the Registrable
Securities requested to be included in such Demand Registration, which in the opinion of such underwriter can be sold in an orderly manner within the price range of such offering, pro rata among the respective Holders of such Registrable
Securities on the basis of the number of Registrable Securities owned by each such Holder, and (ii) second, other securities requested to be included in such Demand Registration to the extent permitted hereunder. 

(f) Restrictions on Demand Registrations. In addition to the provisions of Section 2(a)(ii) of this Agreement, the
Company shall not be obligated to effect (i) any Long-Form Registration within 180 days or (ii) any Short-Form Registration within 90 days, in each case, after the effective date of a previous Demand Registration or a previous registration
in which the Holders of Registrable Securities were given piggyback rights pursuant to Section 4. In addition, the Company shall not be obligated to effect any Demand Registration during the period starting with the date that is 60 days
prior to the Board’s good faith estimate of the date of filing of, and ending on the date that is 90 days after the effective date of, a Company initiated registration statement, provided that the Company is actively employing in good
faith all commercially reasonable efforts to cause such registration to become effective and the Company has complied with the requirements of Section 4 hereof. In the event of any such suspension or delay, the Holder of Registrable
Securities initially requesting a Demand Registration that is suspended by operation of this Section 2(f) shall be entitled to withdraw such request and, if such request is withdrawn, such Demand Registration shall not count as one of
the permitted Demand Registrations hereunder, and, notwithstanding the proviso in Section 2(c), the Company shall pay all Registration Expenses in connection with such registration. 

(g) Selection of Underwriters. The Holders of a majority of the Registrable Securities requested to be included in a Demand
Registration which is an underwritten offering shall have the right to select the investment banker(s) and manager(s) to administer the offering (which shall consist of one or more reputable nationally recognized investment banks), subject to the
Company’s approval which shall not be unreasonably withheld, conditioned or delayed. 
  

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 (h) Other Registration Rights. As of the date hereof and except as provided pursuant
to the Plan, the Company represents and warrants that it is not a party to, or otherwise subject to, any other agreement granting registration rights to any other Person with respect to any securities of the Company, including securities
convertible, exercisable or exchangeable into or for shares of any equity securities of the Company. 
  

	 	3.	Shelf Registration. 

 (a)
Filing. The Company shall use commercially reasonable efforts to file, no later than 60 days following any written request from any Demand Holder, a Registration Statement for a Shelf Registration on Form S-1 covering the resale of the
Registrable Securities on a delayed or continuous basis (the “Form S-1 Shelf”) (unless the Form S-1 Shelf would be required pursuant to the rules and regulations of the Securities Act to include any audited or unaudited
consolidated or pro forma financial statements that are not then currently available, in which case, as soon as reasonably practicable after such financial statements are available) and shall use commercially reasonable efforts to cause such Form
S-1 Shelf to become effective as soon as reasonably practicable thereafter. The Company shall give written notice of the filing of the Form S-1 Shelf at least 15 days prior to filing thereof to all Holders of Registrable Securities (the
“Registration Notice”) and shall include in such Registration Statement all Registrable Securities with respect to which the Company has received written requests for inclusion therein within 10 days after sending the
Registration Notice. The Company shall maintain the Form S-1 Shelf in accordance with the terms hereof. The Company shall use commercially reasonable efforts to convert the Form S-1 Shelf (and any Follow-On Shelf) to a Registration Statement for a
Shelf Registration on Form S-3 (the “Form S-3 Shelf,” and together with the Form S-1 Shelf (and any Follow-On Shelf), the “Shelf”) as soon as reasonably practicable after the Company is eligible to use
Form S-3. The Company shall not be required to effect more than one Form S-1 Shelf. For the avoidance of doubt, the filing of the Form S-1 Shelf under this Section 3(a) shall count as a Demand Registration. 

(b) Requests for Underwritten Shelf Takedowns. At any time and from time to time after the Initial Public Offering and the Shelf
having been declared effective by the Commission, (i) any Backstop Purchaser that is a Demand Holder, (ii) if consented to in writing by the Backstop Purchasers that are Demand Holders, any other Demand Holder or (iii) if there are no
Backstop Purchasers that are also Demand Holders, any Demand Holder, may request to sell all or any portion of their Registrable Securities in an underwritten offering that is registered pursuant to the Shelf (each, an “Underwritten Shelf
Takedown”); provided that in the case of each such Underwritten Shelf Takedown such Demand Holder will be entitled to make such demand only if the total offering price of the shares to be sold in such offering (including
piggyback shares and before deduction of underwriting discounts) is reasonably expected to exceed, in the aggregate, $20 million. For the avoidance of doubt, each Underwritten Shelf Takedown shall count as a Demand Registration. 

(c) Demand Notices. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company (the
“Demand Shelf Takedown Notice”). Each 
  

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Demand Shelf Takedown Notice shall specify the approximate number of Registrable Securities proposed to be sold in the Underwritten Shelf Takedown and the expected price range (net of
underwriting discounts and commissions) of such Underwritten Shelf Takedown. Within five Business Days after receipt of any Demand Shelf Takedown Notice, the Company shall give written notice of such requested Underwritten Shelf Takedown to all
other Holders which have Registrable Securities included on such Shelf Registration (the “Company Shelf Takedown Notice”) and, subject to the provisions of Section 3(d) below, shall include in such Underwritten
Shelf Takedown all Registrable Securities with respect to which the Company has received written requests for inclusion therein within five Business Days after sending the Company Shelf Takedown Notice. 

(d) Priority on Underwritten Shelf Takedowns. The Company shall not include in any Underwritten Shelf Takedown any securities
which are not Registrable Securities without the prior written consent of the Holders of a majority of the Registrable Securities requested to be included in such Underwritten Shelf Takedown. If the managing underwriters for such Underwritten Shelf
Takedown advise the Company and the Holders of Registrable Securities included in the Shelf Takedown in writing that in their opinion the number of Registrable Securities and, if permitted hereunder, other securities requested to be included in such
Underwritten Shelf Takedown exceeds the number of Registrable Securities and other securities, if any, which can be sold in an orderly manner in such offering within a price range acceptable to the Holders of a majority of the Registrable Securities
requested to be included in the Underwritten Shelf Takedown, the Company shall include in such Underwritten Shelf Takedown the number of Registrable Securities which can be so sold in the following order of priority: (i) first, the
Registrable Securities requested to be included in such Underwritten Shelf Takedown, which in the opinion of such underwriter can be sold in an orderly manner within the price range of such offering, pro rata among the respective Holders of
such Registrable Securities on the basis of the number of Registrable Securities owned by each such Holder; and (ii) second, other securities requested to be included in such Underwritten Shelf Takedown to the extent permitted hereunder.

 (e) Restrictions on Underwritten Shelf Takedowns. The Company shall not be obligated to effect more than two
Underwritten Shelf Takedowns during any period of 12 consecutive months and shall not be obligated to effect an Underwritten Shelf Takedown within 60 days after the pricing of a previous Underwritten Shelf Takedown. 

(f) Selection of Underwriters. The Holders of a majority of the Registrable Securities requested to be included in an Underwritten
Shelf Takedown shall have the right to select the investment banker(s) and manager(s) to administer the offering (which shall consist of one or more reputable nationally recognized investment banks), subject to the Company’s approval which
shall not be unreasonably withheld, conditioned or delayed. 
 (g) Automatic Shelf Registration. Further, upon the
Company becoming a Well-Known Seasoned Issuer, (i) the Company shall give written notice to all of the Holders as promptly as reasonably practicable, and such notice shall describe, in reasonable detail, the basis on which the Company has
become a Well-Known Seasoned Issuer, and (ii) the Company shall, as promptly as practicable, register, under an Automatic Shelf Registration Statement, the sale of all of the Registrable Securities in accordance with the terms of this
Agreement. The Company 
  

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shall use commercially reasonable efforts to file such Automatic Shelf Registration Statement as promptly as practicable, but in no event later than 90 days after it becomes a Well-Known Seasoned
Issuer, and to cause such Automatic Shelf Registration Statement to remain effective thereafter until there are no longer any Registrable Securities. The Company shall give written notice of filing such Automatic Shelf Registration Statement to all
of the Holders as promptly as practicable thereafter. At any time after the filing of an Automatic Shelf Registration Statement by the Company, if the Company is no longer a Well-Known Seasoned Issuer (the “Determination
Date”), the Company shall (A) as promptly as practicable, but in no event more than 20 days after such Determination Date, give written notice thereof to all of the Holders and (B) within 30 days after such Determination Date,
file a Registration Statement on an appropriate form (or a post effective amendment converting the Automatic Shelf Registration Statement to an appropriate form) covering all of the Registrable Securities, and use commercially reasonable efforts to
have such Registration Statement declared effective as promptly as reasonably practicable after the date the Automatic Shelf Registration Statement is no longer useable by the Holders to sell their Registrable Securities. 

(h) Additional Selling Stockholders and Additional Registrable Securities. 

(i) If the Company is not a Well-Known Seasoned Issuer, within 45 days after a written request by a Demand Holder to register for resale
any additional Registrable Securities owned by such Demand Holder, the Company shall file a Registration Statement substantially similar to the Shelf then effective, if any (each, a “Follow-On Shelf”) (unless the Follow-On
Shelf would be required pursuant to the rules and regulations of the Securities Act to include any audited or unaudited consolidated or pro forma financial statements that are not then currently available, in which case, as soon as reasonably
practicable after such financial statements are available), to register for resale such Registrable Securities. The Company shall give written notice of the filing of the Follow-On Shelf at least 15 days prior to filing the Follow-On Shelf to all
Holders of Registrable Securities (the “Follow-On Registration Notice”) and shall include in such Follow-On Shelf all Registrable Securities with respect to which the Company has received written requests for inclusion
therein within ten days after sending the Follow-On Registration Notice. Notwithstanding the foregoing, the Company shall not be required to file a Follow-On Shelf (A) if the aggregate amount of Registrable Securities requested to be registered
on such Follow-On Shelf by all Holders that have not yet been registered represent less than 1% of the then outstanding New Common Stock or (B) if the Company is not then eligible for use of Form S-3 for secondary offerings and the Company has
filed a Follow-On Shelf in the prior 180 days. The Company shall use all commercially reasonable efforts to cause such Follow-On Shelf to be declared effective as promptly as practicable and in any event within 90 days of filing such Follow-On
Shelf. Any Registrable Securities requested to be registered pursuant to this Section 3(h)(i) that have not been registered on a Shelf or pursuant to Section 4 below at the time the Follow-On Shelf is filed shall be
registered pursuant to such Follow-On Shelf. 
 (ii) If the Company is a Well-Known Seasoned Issuer, within ten Business Days
after a written request by one or more Holders of Registrable Securities to register for resale any additional Registrable Securities owned by such Holders, the Company shall make all necessary filings to include such Registrable Securities in the
Automatic Shelf Registration Statement filed pursuant to Section 3(g). 
  

 11 

 (iii) If a Form S-3 Shelf or Automatic Shelf Registration Statement is effective, within
five Business Days after written request therefor by a Holder of Registrable Securities, the Company shall file a prospectus supplement or current report on Form 8-K to add such Holder as a selling stockholder and/or to include any Warrants owned by
such Holder on such Form S-3 Shelf or Automatic Shelf Registration Statement to the extent permitted under the rules and regulations promulgated by the Commission. 
  

	 	4.	Piggyback Takedowns. 

 (a)
Right to Piggyback. Whenever the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of any class of equity securities (other than a Demand Registration or registrations on Form S-8 or Form
S-4, a “Piggyback Registration”), and such registration may include the registration of Registrable Securities (together with a Piggyback Registration, a “Piggyback Takedown”), the Company shall give
written notice to all Holders of Registrable Securities of its intention to effect such Piggyback Takedown. In the case of a Piggyback Takedown that is an offering under a Shelf Registration, such notice shall be given not less than five Business
Days prior to the expected date of commencement of marketing efforts for such Piggyback Takedown. In the case of a Piggyback Takedown that is an offering under a registration statement that is not a Shelf Registration, such notice shall be given not
less than 15 days prior to the expected date of filing of such registration statement. The Company shall, subject to the provisions of Section 4(b) and Section 4(c) below, include in such Piggyback Takedown, as applicable,
all Registrable Securities with respect to which the Company has received written requests for inclusion therein within five days after sending the Company’s notice. Nothing in this Section 4(a) shall create an obligation on behalf
of the Company to proceed with a Piggyback Takedown, and the Company may cancel any Piggyback Takedown upon written notice to the Holders of Registrable Securities requesting to include their Registrable Securities in such Piggyback Takedown. Any
Holder of Registrable Securities may withdraw its request for inclusion of Registrable Shares in a Piggyback Takedown by giving written notice to the Company of its intention to withdraw from that registration within two days prior to the expected
date of the commencement of marketing efforts for such Piggyback Takedown; provided, however, that the withdrawal shall be irrevocable and after making the withdrawal, a Holder shall no longer have any right to include its Registrable
Securities in that Piggyback Takedown. 
 (b) Priority on Primary Piggyback Takedowns. If a Piggyback Takedown is an
underwritten primary registration on behalf of the Company, and the managing underwriters for a Piggyback Takedown advise the Company in writing that in their reasonable opinion the number of securities requested to be included in such Piggyback
Takedown exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Company, the Company shall include in such Piggyback Takedown the number which can be so sold in the following order of
priority: (i) first, the securities the Company proposes to sell; (ii) (A) if such Piggyback Takedown occurs within 36 months of the date hereof, second, the Registrable Securities requested to be included in such Piggyback
Takedown by the Backstop Purchasers (pro rata among the Backstop Purchasers on the basis of the number of Registrable Securities owned by each such Backstop Purchaser) and third, the Registrable Securities requested to be included in
such Piggyback Takedown by Holders other than the Backstop Purchasers (pro rata among such Holders on the basis of the number of Registrable Securities 

 

 12 

 
owned by each such Holder), or (B) if such Piggyback Takedown occurs after 36 months from the date hereof, second, the Registrable Securities requested to be included in such
Piggyback Takedown by Holders (including the Backstop Purchasers) (pro rata among the Holders on the basis of the number of Registrable Securities owned by each Holder); and (iii) fourth in the case of (ii)(A) of this clause
(b) or third in the case of (ii)(B) of this clause (b), other securities requested to be included in such Piggyback Takedown, if any. For the avoidance of doubt and in accordance with the priorities set forth in the preceding sentence,
the full amount of Registrable Securities requested to be included and other securities included in such Piggyback Takedown may be entirely excluded from such Piggyback Takedown. 

(c) Priority on Secondary Piggyback Takedowns. If a Piggyback Takedown is an underwritten secondary registration on behalf of
holders of the Company’s securities that are not Registrable Securities (“Other Holders”), and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be
included in such Piggyback Takedown exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the Other Holders, the Company shall include in such registration the number which can be so sold in
the following order of priority: (i) first, the securities requested to be included therein by the Other Holders and the Registrable Securities requested to be included in such registration (pro rata among the Other Holders and
the Holders on the basis of the number of such securities and Registrable Securities owned by each such Other Holder or Holder, as applicable), (ii) second, securities proposed to be included in such registration by the Company and
(iii) third, other securities requested to be included in such registration, if any. For the avoidance of doubt and in accordance with the priorities set forth in the preceding sentence, the full amount of securities proposed to be
included by the Company and other securities requested to be included in such Piggyback Takedown may be entirely excluded from such Piggyback Takedown. 

(d) Selection of Underwriters. If any Piggyback Takedown is an underwritten primary offering on behalf of the Company, the Company
will have the sole right to select the investment banker(s) and manager(s) for the offering. 
  

	 	5.	Suspension Period. 

 (a)
Suspension Period. Notwithstanding any provision of this Agreement to the contrary, if the Board determines in good faith that the registration and distribution of Registrable Securities (i) would reasonably be expected to materially
impede, delay or interfere with, or require premature disclosure of, any material financing, offering, acquisition, merger, corporate reorganization or segment reclassification or discontinuance of operations, which is required to be reflected in
pro forma or restated financial statements that amends a historical financial statement of the Company, or other significant transaction or any negotiations, discussions or pending proposals with respect thereto, involving the Company or any of its
subsidiaries, or (ii) would require disclosure of non-public material information, the disclosure of which would reasonably be expected to materially and adversely affect the Company, subject to the provisions of Section 5(b), the
Company shall be entitled to suspend, for a reasonable period of time (each, a “Suspension Period”), the use of any Registration Statement or Prospectus and shall not be required to amend or supplement the Registration
Statement, any related Prospectus 
  

 13 

 
or any document incorporated therein by reference. The Company shall use all commercially reasonable efforts to amend the Registration Statement and/or Prospectus to correct such untrue statement
or omission as soon as reasonably practicable unless such amendment would reasonably be expected to have a material adverse effect on any proposal or plan of the Company to effect a merger, acquisition, disposition, financing, reorganization,
recapitalization or similar transaction, in each case that is material to the Company. It is also agreed that, notwithstanding Section 7(c) hereof or any other provision of this Agreement to the contrary, each year the Company updates a
Form S-1 Shelf (A) the Company may need to suspend use of the Form S-1 Shelf to the extent such registration statement has not been declared effective by the Commission prior to the time it is required to be updated under the Securities Act and
(B) to the extent such registration statement undergoes Commission review, the Company will need to suspend use of the Form S-1 Shelf pending completion of such review. The Company promptly will give written notice of any such Suspension Period
to each Holder that has Registrable Securities registered on a Registration Statement filed hereunder. 
 (b) Limitations on
Suspension Periods. Notwithstanding anything contained in Section 5(a) to the contrary, the Company shall not be entitled to more than three Suspension Periods in any 12-month period, and in no event shall the number of days included
in all Suspension Periods during any consecutive 12-month period exceed 90 days in the aggregate; provided, however, that the applicable time period set forth in Section 7(c) shall be extended for a length of time equal to
the Suspension Period. 
  

	 	6.	Holdback Agreements. 

 (a)
Holders of Registrable Securities. Subject to the last sentence of this Section 6(a), in connection with any underwritten public offering of equity securities by the Company (including pursuant to any Shelf Takedown), no Holder
who beneficially owns five percent (5%) or more of the outstanding shares of New Common Stock (on a fully diluted basis assuming the conversion of all New Preferred Stock and the exercise of all Warrants) shall effect any public sale or
distribution of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, without the prior written consent of the Company, (i) in the case of an Initial Public Offering, during the
seven days prior to and the 180-day period beginning on the date of the pricing of the Initial Public Offering or (ii) during the seven days prior to and the 90-day period beginning on the date of pricing of any other underwritten public equity
offering (including pursuant to any Shelf Takedown) (each, a “Lock-Up Period”), except as part of the underwritten public equity offering, and (A) unless the underwriters managing such underwritten public equity offering
by the Company otherwise agree by written consent and (B) only if such Lock Up Period (or a longer period) is applicable on substantially similar terms to the Company and the executive officers and directors of the Company; provided,
however, that if (1) during the last 17 days of a Lock-Up Period, the Company releases earnings results or material news or a material event relating to the Company occurs or (2) prior to the expiration of a Lock-Up Period, the
Company announces that it will release earnings results during the 16-day period beginning on the last day of a Lock-Up Period, then in each case such Lock-Up Period will be extended until the expiration of the 18-day period beginning on the date of
release of the earnings results or the occurrence of the material news or material event, as applicable, unless the managing underwriter(s) waives, in writing, such extension; provided, further, that nothing herein will prevent any
Holder from making a gift of 
  

 14 

 
Registrable Securities or prevent any Holder that is a partnership or corporation from making a distribution of Registrable Securities to the partners or stockholders thereof or prevent any
Holder from making a transfer to an Affiliate that is otherwise in compliance with the applicable securities laws, so long as in each case such donees, distributees or transferees agree to be bound by the restrictions set forth in this
Section 6, such transfer shall not involve a disposition for value and either (x) no filing by any party (donor, donee, transferor or transferee) under the Exchange Act shall be required or shall be voluntarily made in connection
with such transfer (other than a filing on Form 5 made after the expiration of the Lock-Up Period) or (y) if a filing is required or is voluntarily made, such filing discloses that such transfer did not involve a disposition for value and such
donees, distributees or transferees will be bound by the restrictions set forth in this Section 6. Each Holder agrees to execute a customary lock-up agreement in favor of the Company’s underwriters to such effect and, in any
event, that the Company’s underwriters in any underwritten public offering of equity securities shall be third party beneficiaries of this Section 6. The provisions of this Section 6 will no longer apply to a Holder once
such Holder ceases to hold Registrable Securities. The provisions of this Section 6(a) will not apply in connection with any underwritten public offering of equity securities by the Company (including pursuant to any Shelf Takedown)
within nine months of the date hereof in which the total offering price of the firm shares to be sold in such offering (excluding piggyback shares and before deduction of underwriting discounts) is not reasonably expected to exceed, in the
aggregate, $75 million. 
 (b) The Company. In connection with any underwritten public equity offering (including
pursuant to any Shelf Takedown), and only upon the reasonable request of the managing underwriter, the Company shall, and shall cause its executive officers and directors to, agree to a lock-up provision in an underwriting agreement or lock-up
agreement, as applicable, in customary form and substance, and with exceptions that are customary, for an underwritten public offering. 
  

	 	7.	Company Undertakings. 

Whenever Registrable Securities are registered pursuant to this Agreement, the Company shall use commercially reasonable efforts to effect
the registration and the sale of such Registrable Securities as soon as reasonably practicable in accordance with the intended method of disposition thereof, and pursuant thereto the Company shall as promptly as reasonably practicable: 

(a) prepare and file with the Commission a Registration Statement with regard to such Registrable Securities as soon as reasonably
practicable (but in the case of a Demand Registration, not later than 60 days of its receipt of a Demand Registration Notice for a Long-Form Registration (unless the Registration Statement relating to such Demand Registration would be required
pursuant to the rules and regulations of the Securities Act to include any audited or unaudited consolidated or pro forma financial statements that are not then currently available, in which case, promptly after such financial statements are
available) and not later than 30 days of its receipt of a Demand Registration Notice for a Short-Form Registration (unless the Registration Statement relating to such Demand Registration would be required pursuant to the rules and regulations of the
Securities Act to include any audited or unaudited consolidated or pro forma financial statements that are not then currently available, in which case, promptly after such financial statements are available)) and use commercially reasonable efforts
to cause such Registration Statement to become effective as soon thereafter as is reasonably practicable; 
  

 15 

 (b) before filing a Registration Statement or Prospectus or any amendments or supplements
thereto, furnish to the Holders whose Registrable Securities are covered by the Registration Statement copies of all such documents, other than exhibits, documents that are incorporated by reference and such documents that are otherwise publicly
available on EDGAR, proposed to be filed and such other documents reasonably requested by such Holders and provide their counsel with a reasonable opportunity to review and comment on such documents; 

(c) notify each Holder of Registrable Securities of the effectiveness of each Registration Statement and prepare and file with the
Commission such amendments and supplements to such Registration Statement as may be necessary to keep such Registration Statement effective for a period of not less than (i) 90 days in the case of a Demand Registration that is not a Shelf
Registration or if any Warrants have been registered until the date on which all the registered Warrants have been exercised for New Common Stock, (ii) in the case of a Shelf Registration, until the date on which all Registrable Securities have
been sold pursuant to the Shelf Registration or have otherwise ceased to be Registrable Securities, (or, in each case, if sooner, until all Registrable Securities have been sold under such Registration Statement), and comply with the provisions of
the Securities Act (including by preparing and filing with the Commission any Prospectus or supplement to be used in connection therewith) with respect to the disposition of all securities covered by such Registration Statement during such period in
accordance with the intended methods of disposition by the Holders as set forth in such Registration Statement; 
 (d) furnish
to each seller of Registrable Securities, and the managing underwriters, without charge, such number of copies of the applicable Registration Statement, each amendment and supplement thereto, the Prospectus included in such Registration Statement
(including each preliminary Prospectus, final Prospectus, and any other Prospectus (including any Prospectus filed under Rule 424, Rule 430A or Rule 430B promulgated under the Securities Act and any Issuer Free Writing Prospectus)), all exhibits and
other documents filed therewith and such other documents as such seller or such managing underwriters may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller, and upon request, a copy of any
and all transmittal letters or other correspondence to or received from, the Commission or any other governmental authority relating to such offer; 

(e) use commercially reasonable efforts (i) to register or qualify such Registrable Securities under such other securities or blue
sky laws of such jurisdictions as any seller reasonably requests in writing, (ii) keep such registration or qualification in effect for so long as such Registration Statement remains in effect, and (iii) to do any and all other acts and
things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller (provided that the Company shall not be required to
(A) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (B) subject itself to taxation in any such jurisdiction or (C) consent to general service of process
in any such jurisdiction); 
  

 16 

 (f) notify each seller of such Registrable Securities, Counsel to the Holders and the
managing underwriters (i) at any time when a Prospectus relating to the applicable Registration Statement is required to be delivered under the Securities Act, (A) upon discovery that, or upon the happening of any event as a result of
which, such Registration Statement, or the Prospectus or Issuer Free Writing Prospectus relating to such Registration Statement, or any document incorporated or deemed to be incorporated therein by reference contains an untrue statement of a
material fact or omits any material fact necessary to make the statements in the Registration Statement or the Prospectus or Issuer Free Writing Prospectus relating thereto not misleading or otherwise requires the making of any changes in such
Registration Statement, Prospectus, Issuer Free Writing Prospectus or document, and, at the request of any such seller and subject to Section 5(a) hereof, the Company shall promptly prepare a supplement or amendment to such Prospectus or
Issuer Free Writing Prospectus, furnish a reasonable number of copies of such supplement or amendment to each seller of such Registrable Securities, Counsel to the Holders and the managing underwriters and file such supplement or amendment with the
Commission so that, as thereafter delivered to the purchasers of such Registrable Securities, such Prospectus or Issuer Free Writing Prospectus as so amended or supplemented shall not contain an untrue statement of a material fact or omit to state
any fact necessary to make the statements therein not misleading, (B) as soon as the Company becomes aware of any comments or inquiries by the Commission or any requests by the Commission or any Federal or state governmental authority for
amendments or supplements to a Registration Statement or related Prospectus or Issuer Free Writing Prospectus covering Registrable Securities or for additional information relating thereto, (C) as soon as the Company becomes aware of the
issuance or threatened issuance by the Commission of any stop order suspending or threatening to suspend the effectiveness of a Registration Statement covering the Registrable Securities or (D) of the receipt by the Company of any notification
with respect to the suspension of the qualification or exemption from qualification of any Registrable Security for sale in any jurisdiction, or the initiation or threatening of any proceeding for such purpose; and (ii) when each Registration
Statement or any amendment thereto has been filed with the Commission and when each Registration Statement or the related Prospectus or Issuer Free Writing Prospectus or any Prospectus supplement or any post effective amendment thereto has become
effective; 
 (g) use commercially reasonable efforts to cause all such Registrable Securities (i) if the New Common Stock
is then listed on a National Securities Exchange or included for quotation in a recognized trading market, to continue to be so listed or included, (ii) if the Registrable Securities are to be distributed in an underwritten offering and the New
Common Stock is not then listed on a National Securities Exchange or included for quotation in a recognized trading market, to, as promptly as practicable (subject to the limitations set forth in the Plan), be listed on a National Securities
Exchange, and (iii) to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of the Registrable Securities; 

(h) provide and cause to be maintained a transfer agent and registrar for all such Registrable Securities from and after the effective
date of the applicable Registration Statement; 
 (i) in connection with any underwritten offering, enter into and perform under
such customary agreements (including underwriting agreements in customary form, including 
  

 17 

 
customary representations and warranties and provisions with respect to indemnification and contribution) and take all such other actions as the Holders of a majority of the Registrable
Securities being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including effecting a stock split, a combination of shares, or other recapitalization) and
provide reasonable cooperation, including causing appropriate officers to attend and participate in “road shows” and analyst or investor presentations and such other selling or other informational meetings organized by the
underwriters, if any (taking into account the needs of the Company’s businesses and the responsibilities of such officers with respect thereto and the requirement of the marketing process); provided, that the Company shall have no
obligation to participate in “road shows” in connection with any underwritten offering (including pursuant to a Shelf Takedown) (A) in which the total offering price of the Registrable Securities to be sold therein is less than
$50 million and (B) more than twice in any consecutive 12-month period; 
 (j) in connection with any underwritten offering
(including an Underwritten Shelf Takedown), use commercially reasonable efforts to obtain and cause to be furnished to each such Holder of Registrable Securities included in such underwritten offering and the managing underwriter(s) a signed
counterpart of (i) a cold comfort letter from the Company’s independent public accountants and (ii) a legal opinion of counsel to the Company addressed to the relevant underwriters and/or such Holders of Registrable Securities, in
each case in customary form and covering such matters of the type customarily covered by such letters as the managing underwriters and/or Holders of a majority of the Registrable Securities included in such underwritten offering reasonably request;

 (k) upon reasonable notice and at reasonable times during normal business hours, make available for inspection by any Holder
of Registrable Securities covered by the applicable Registration Statement, Counsel to the Holders, any underwriter participating in any disposition pursuant to such registration, as applicable, and any other attorney or accountant retained by such
Holder or underwriter, all financial and other records and pertinent corporate documents of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any
such Holder, underwriter, attorney or accountant in connection with such Registration Statement or Shelf Takedown, as applicable, provided that recipients of such financial and other records and pertinent corporate documents agree in writing
to keep the confidentiality thereof pursuant to a written agreement reasonably acceptable to the Company and the applicable underwriter (which shall contain customary exceptions thereto); 

(l) permit any Holder of Registrable Securities which Holder in its reasonable judgment might be deemed to be an Affiliate of the
Company, Counsel to the Holders, any underwriter participating in any disposition pursuant to a Registration Statement, and any other attorney, accountant or other agent retained by such Holder of Registrable Securities or underwriter, to
participate (including, but not limited to, reviewing, commenting on and attending all meetings) in the preparation of such Registration Statement and any Prospectus supplements relating to a Shelf Takedown, if applicable; 

(m) in the event of the issuance or threatened issuance of any stop order suspending the effectiveness of a Registration Statement, or of
any order suspending or 
  

 18 

 
preventing the use of any related Prospectus or suspending the qualification of any New Common Stock included in such Registration Statement for sale in any jurisdiction, the Company shall use
commercially reasonable efforts to (i) prevent the issuance of any such stop order, and in the event of such issuance, to obtain the withdrawal of such order and (ii) obtain the withdrawal of any order suspending or preventing the use of
any related Prospectus or Issuer Free Writing Prospectus or suspending qualification of any Registrable Securities included in such Registration Statement for sale in any jurisdiction at the earliest practicable date; 

(n) provide a CUSIP number for the Registrable Securities prior to the effective date of the first Registration Statement including
Registrable Securities; 
 (o) promptly notify in writing the participating Holders, the sales or placement agent, if any,
therefor and the managing underwriters of the securities being sold, (i) when such Registration Statement or related Prospectus or Free Writing Prospectus or any Prospectus amendment or supplement or post effective amendment has been filed,
and, with respect to any such Registration Statement or any post effective amendment, when the same has become effective and (ii) of any written comments by the Commission and by the blue sky or securities commissioner or regulator of any state
with respect thereto; 
 (p) (i) prepare and file with the Commission such amendments and supplements to each Registration
Statement as may be necessary to comply with the provisions of the Securities Act, including post effective amendments to each Registration Statement as may be necessary to keep such Registration Statement continuously effective for the applicable
time period required hereunder and if applicable, file any Registration Statements pursuant to Rule 462(b) promulgated under the Securities Act; (ii) cause the related Prospectus to be supplemented by any required Prospectus supplement, and as
so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) comply with the provisions of the Securities Act and the Exchange Act and any applicable securities exchange
or other recognized trading market with respect to the disposition of all securities covered by such Registration Statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such
Registration Statement as so amended or in such Prospectus as so supplemented; and (iv) provide additional information related to each Registration Statement as requested by, and obtain any required approval necessary from, the Commission or
any Federal or state governmental authority; 
 (q) cooperate with each Holder of Registrable Securities and each underwriter,
if any, participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA; 

(r) within the deadlines specified by the Securities Act, make all required filing fee payments in respect of any Registration Statement
or Prospectus used under this Agreement (and any offering covered thereby); 
 (s) if requested by any participating Holder of
Registrable Securities or the managing underwriters, promptly include in a Prospectus supplement or amendment such information as the Holder or managing underwriters may reasonably request, including in order to permit the intended method of
distribution of such securities, and make all required filings of such Prospectus supplement or such amendment as soon as reasonably practicable after the Company has received such request; 

 

 19 

 (t) in the case of certificated Registrable Securities, cooperate with the participating
Holders of Registrable Securities and the managing underwriters 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 participating Holder that the Registrable Securities represented by the certificates so delivered by such 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 Holders or managing underwriters may reasonably request at least two Business Days prior to any sale of Registrable Securities; and 

(u) use commercially reasonable efforts to take all other actions deemed necessary or advisable in the reasonable judgment of the Company
to effect the registration and sale of the Registrable Securities contemplated hereby. 
 Notwithstanding anything contained
herein to the contrary, the Company shall be obligated to register Registrable Securities of a Holder in a Shelf Registration or in a Registration Statement on Form S-3 only to the extent permitted by applicable securities laws. 

 

	 	8.	Registration Expenses. 

(a) Expenses. All fees and expenses incurred by the Company in complying with Section 2 (subject to
Section 2(c) of this Agreement), Section 3(a), Section 4, Section 6 and Section 7 of this Agreement (“Registration Expenses”) will be borne by the Company. These
fees and expenses will include without limitation (i) Stock exchange, Commission, FINRA and other registration and filing fees, (ii) all fees and expenses incurred in connection with complying with any securities or blue sky laws
(including reasonable fees, charges and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), (iii) all printing, messenger and delivery expenses, (iv) the fees, charges and disbursements of
counsel to the Company and of its independent public accountants and any other accounting and legal fees, charges and expenses incurred by the Company (including any expenses arising from any special audits or “comfort letters”
required in connection with or incident to any registration), and (v) the fees and expenses incurred in connection with the listing of the Registrable Securities on a National Securities Exchange.

(b) Reimbursement of Counsel. The Company will also reimburse or pay, as the case may be, the Holders of Registrable Securities
included in such registration for the reasonable fees and out-of-pocket expenses of one counsel retained by the Holders of a majority of Registrable Securities included in such registration relating to any action taken pursuant to
Section 2 of this Agreement within 30 days of presentation of a detailed invoice approved by such Holders. 
 (c)
Payment of Certain Selling Expenses. Notwithstanding anything contained herein to the contrary, all underwriting fees, discounts, selling commissions and stock transfer taxes applicable to the sale of Registrable Securities and all fees and
expenses of more than one counsel representing the Holders selling Registrable Securities and otherwise not covered by Section 8(b) of this Agreement shall not be borne by the Company. 

 

 20 

	 	9.	Hedging Transactions. 

(a) The Company agrees that, in connection with any proposed Hedging Transaction, if, in the reasonable judgment of Counsel to the
Holders, it is necessary or desirable to have a Registration Statement under the Securities Act cover such Hedging Transaction or sales or transfers (whether short or long) of Registrable Securities in connection therewith, then the Company shall
use commercially reasonable efforts to take such actions (which may include the filing of a prospectus supplement to include additional or changed information that is material or is otherwise required to be disclosed, including a description of such
Hedging Transaction, the name of the Hedging Counterparty, identification of the Hedging Counterparty or its Affiliates as underwriters or potential underwriters, if applicable, or any change to the plan of distribution, but shall not include the
filing of a post-effective amendment to a Registration Statement) as may reasonably be required to have such Hedging Transaction or sales or transfers of Registrable Securities in connection therewith covered by a Registration Statement under the
Securities Act in a manner consistent with the rights and obligations of the Company hereunder. 
 (b) All Registration
Statements in which Holders may include Registrable Securities under this Agreement shall be subject to the provisions of this Section 9. The Hedging Counterparty shall be selected by the Holders of a majority of the Registrable
Securities subject to the Hedging Transaction that is proposed to be effected. 
 (c) If in connection with a Hedging
Transaction, a Hedging Counterparty or any Affiliate thereof is (or may be considered) an underwriter or selling stockholder, then it shall be required to provide customary indemnities to the Company regarding the plan of distribution and like
matters. 
 (d) The Company further agrees to include, under the caption “Plan of Distribution” (or the
equivalent caption), in each Registration Statement, and any related Prospectus (to the extent such inclusion is permitted under applicable Commission regulations and is consistent with comments received from the Commission during any Commission
review of the Registration Statement), language substantially in the form of Annex A hereto and to include in each prospectus supplement filed in connection with any proposed Hedging Transaction language mutually agreed upon by the Company,
the relevant Holders and the Hedging Counterparty describing such Hedging Transaction. 
 (e) In connection with a Hedging
Transaction, each Hedging Counterparty shall be treated in the same manner as a managing underwriter for purposes of Section 7 of this Agreement. 
  

	 	10.	Indemnification; Contribution. 

(a) Indemnification by the Company. The Company agrees to indemnify and hold harmless each Holder of Registrable Securities
registered pursuant to this Agreement, such Holder’s Affiliates, directors, officers, employees, members, managers, agents and any Person, if any, who controls any such Holder (within the meaning of Section 15 of the Securities Act or

  

 21 

 
Section 20 of the Exchange Act), and any underwriter that facilitates the sale of the Registrable Securities and any Person who controls such underwriter (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities and expenses (“Losses”) to
which they or any of them may become subject insofar as such Losses arise out of or are based upon any untrue or alleged untrue statement of a material fact contained in a Registration Statement pursuant to which Registrable Securities were
registered, Prospectus, preliminary prospectus or Issuer Free Writing Prospectus included in any such Registration Statement, or in any amendment thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to
state therein a material fact required to be stated therein or necessary in the case of any Prospectus, preliminary prospectus or Issuer Free Writing Prospectus, in light of the circumstances under which they were made, to make the statements
therein not misleading and the Company agrees to reimburse each such indemnified party for any reasonable legal or other reasonable out-of-pocket expenses incurred by them in connection with investigating or defending any such Losses (whether or not
the indemnified party is a party to any proceeding); provided, however, that the Company will not be liable in any case to the extent that any such Loss arises (i) out of or is based upon any such untrue or alleged untrue
statement or omission or alleged omission made therein in reliance upon and in conformity with written information furnished to the Company by or on behalf of any such Holder specifically for inclusion therein, including, without limitation, any
notice and questionnaire, or (ii) out of sales of Registrable Securities made during a Suspension Period after notice is given pursuant to Section 5(a) hereof. This indemnity agreement will be in addition to any liability which the
Company may otherwise have. 
 (b) Indemnification by the Holders. Each Holder severally (and not jointly) agrees to
indemnify and hold harmless the Company and each of its Affiliates, directors, employees, members, managers, agents and each Person who controls the Company (within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act), and any underwriter that facilitates the sale of Registrable Securities and any Person who controls such underwriter (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) to the fullest
extent permitted by applicable law, from and against any and all Losses to which they or any of them may become subject insofar as such Losses arise out of or are based upon any untrue or alleged untrue statement of a material fact contained in a
Registration Statement pursuant to which Registrable Securities were registered, Prospectus, preliminary prospectus, Issuer Free Writing Prospectus or Holder Free Writing Prospectus included in any such Registration Statement, or in any amendment
thereof or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary in the case of any Prospectus, preliminary prospectus, Issuer Free Writing
Prospectus or Holder Free Writing prospectus, in light of the circumstances under which they were made, to make the statements therein not misleading, to the extent, but only to the extent (except with respect to a Holder Free Writing Prospectus),
that any such untrue statement or alleged untrue statement or omission or alleged omission is contained in any written information furnished to the Company by or on behalf of such Holder specifically for inclusion therein; provided,
however, that the total amount to be indemnified by such Holder pursuant to this Section 9(b) shall be limited to the net proceeds (after deducting underwriters’ discounts and commissions) received by such Holder in the
offering to which such Registration Statement, Prospectus, preliminary prospectus or Free Writing Prospectus relates; provided, further, that a 

 

 22 

 
Holder shall not be liable in any case to the extent that prior to the filing of any such Registration Statement, Prospectus, preliminary prospectus or Issuer Free Writing Prospectus or any
amendment thereof or supplement thereto, each Holder has furnished in writing to the Company, information expressly for use in, and within a reasonable period of time prior to the effectiveness of such Registration Statement or the use of the
Prospectus, preliminary prospectus or Issuer Free Writing Prospectus, or any amendment thereof or supplement thereto which corrected or made not misleading information previously provided to the Company. This indemnity agreement will be in addition
to any liability which any such Holder may otherwise have. 
 (c) Conduct of Indemnification Proceedings. Promptly after
receipt by an indemnified party under this Section 10 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 10,
notify the indemnifying party in writing of the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve it from liability under Section 10(a) or Section 10(b) above unless and to
the extent such action and such failure results in material prejudice to the indemnifying party and forfeiture by the indemnifying party of substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party from
any obligations to any indemnified party other than the indemnification obligation provided in Section 10(a) or Section 10(b) above. The indemnifying party shall be entitled to participate therein and, to the extent that it
shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be counsel to the
indemnifying party), and, except as provided in the next sentence, after notice from the indemnifying party to such indemnified party of its election to so assume the defense thereof, the indemnifying party shall not be liable to such indemnified
party for any legal expenses of other counsel or any other expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation. Notwithstanding the indemnifying party’s
rights in the prior sentence, the indemnified party shall have the right to employ its own counsel (and one local counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such separate counsel if: 

(i) the use of counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with an actual or
potential conflict of interest; 
 (ii) the actual or potential defendants in, or targets of, any such action include both the
indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the
indemnifying party; 
 (iii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to
represent the indemnified party within a reasonable time after notice of the institution of such action; or 
 (iv) the
indemnifying party shall authorize the indemnified party to employ separate counsel at the expense of the indemnifying party. 
  

 23 

 No indemnifying party shall, in connection with any one action or separate but substantially similar or
related actions in the same jurisdiction arising out of the same general circumstances or allegations, be liable for the fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) for all indemnified parties. An
indemnifying party shall not be liable under this Section 10 to any indemnified party regarding any settlement or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent is consented to by
such indemnifying party, which consent shall not be unreasonably withheld. No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party (which consent shall not be unreasonably
withheld), consent to entry of any judgment or enter into any settlement or compromise unless such settlement or compromise (x) includes as an unconditional term thereof the giving by the claimant or plaintiff therein, to such indemnified
party, of a full and final release from all liability in respect to such claim or litigation and (y) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of such indemnified party.

 (d) Contribution. 

(i) In the event that the indemnity provided in Section 10(a) or Section 10(b) above is unavailable to or
insufficient to hold harmless an indemnified party for any reason, then each applicable indemnifying party agrees to contribute to the aggregate Losses (including reasonable legal or other reasonable out-of-pocket expenses incurred in connection
with investigating or defending same) to which such indemnifying party may be subject in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party on the one hand and by the indemnified party on the other
from the offering of the New Common Stock. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law, then each indemnifying party shall contribute to such amount paid or payable by such
indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also the relative fault of the indemnifying party on the one hand and the indemnified party on the other in connection with the statements or
omissions which resulted in such Losses, as well as any other relevant equitable considerations. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the indemnifying party on the one hand or the indemnified party on the other and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. 
 (ii) The parties agree that it would not be just and equitable
if contribution pursuant to this Section 10(d) were determined by pro rata allocation (even if the Holders of Registrable Securities or any agents or underwriters or all of them were treated as one entity for such purpose) or by
any other method of allocation which does not take account of the equitable considerations referred to above in this Section 10(d). The amount paid or payable by an indemnified party as a result of the Losses referred to above in this
Section 10(d) shall be deemed to include any reasonable legal or other reasonable out-of-pocket expenses incurred by such indemnified party in connection with investigating or defending any such action or claim. 

 

 24 

 (iii) Notwithstanding the provisions of this Section 10(d), 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) For purposes of this Section 10, each Person who controls any Holder of Registrable Securities, agent or underwriter
(within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and each director, officer, employee and agent of any such Holder, agent or underwriter shall have the same rights to contribution as such Holder,
agent or underwriter, and each Person who controls the Company (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and each officer and director of the Company shall have the same rights to
contribution as the Company, subject in each case to the applicable terms and conditions of this Section 10(d). 

(v) To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 10 to the fullest extent permitted by law; provided, however, that (i) no Person involved in the sale of
Registrable Securities which Person is guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) in connection with such sale shall be entitled to contribution from any Person involved in such sale of
Registrable Securities who was not guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such
Registrable Securities pursuant to such Shelf Registration. 
 (e) The provisions of this Section 10 will remain in
full force and effect, regardless of any investigation made by or on behalf of any Holder of Registrable Securities or the Company or any of the officers, directors or controlling Persons referred to in this Section 10 hereof, and will
survive the transfer of Registrable Securities. 
 (f) For the avoidance of doubt, the provisions of this Section 10
shall apply to the Shelf Registration Statement contemplated by Section 9.11 of the Plan. 
  

	 	11.	Participation in Underwritten Offering/Sale of Registrable Securities. 

(a) No Person may participate in any underwritten offering hereunder unless such Person (i) agrees to sell such Person’s
securities on the basis provided in any underwriting arrangements in customary form entered into pursuant to this Agreement and (ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents reasonably required under the terms of such underwriting arrangements; provided that no Holder of Registrable Securities included in any underwritten registration shall be required to make any representations or warranties to the
Company or the underwriters (other than (A) representations and warranties regarding (1) such Holder’s ownership of its Registrable Securities to be sold or transferred, (2) such Holder’s power and authority to effect such
transfer, and (3) such matters pertaining to compliance with securities laws as may be reasonably requested by the Company or the underwriters, and (B) such other representations, warranties and other provisions relating to such
Holder’s participation in such offering as may be 
  

 25 

 
reasonably requested by the underwriters) or to undertake any indemnification obligations to the Company with respect thereto, except as otherwise provided in Section 10(b) hereof, or
to the underwriters with respect thereto, except to the extent of the indemnification being given to the underwriters and their controlling persons in Section 10(b) hereof. 

(b) Each selling Holder will be deemed to have agreed that, upon receipt of any notice from the Company of the occurrence of any event of
the type described in Section 7(f)(i)(A), (B), (C) and (D) or the happening of an event specified in Section 5(a), such Holder will discontinue disposition of Registrable Securities covered by a
Registration Statement, Prospectus or Issuer Free Writing Prospectus and suspend use of such Prospectus or Issuer Free Writing Prospectus until the earlier to occur of such Holder’s receipt of (i) copies of the supplemented or amended
Prospectus or Issuer Free Writing Prospectus contemplated by Section 7(f)(ii) and Section 5(a), as applicable, and (ii) (A) notice from the Company that the use of the applicable Prospectus or Issuer Free Writing
Prospectus may be resumed and (B) copies, if applicable, of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus or Issuer Free Writing Prospectus. 

 

	 	12.	Free Writing Prospectuses 

Each Holder represents that it has not prepared or had prepared on its behalf or used or referred to, and agrees that it will not prepare
or have prepared on its behalf or used or refer to, any Free Writing Prospectus, and has not distributed and will not distribute any written materials in connection with the offer or sale of New Common Stock without the prior written consent of the
Company and, in connection with any underwritten offering, the underwriters. Any such Free Writing Prospectus consented to by the Company and the underwriters, as the case may be, is hereinafter referred to as a “Permitted Free Writing
Prospectus.” The Company represents and agrees that it has treated and will treat, as the case may be, each Permitted Free Writing Prospectus as an Issuer Free Writing Prospectus, including in respect of timely filing with the SEC,
legending and record keeping. 
  

	 	13.	Information from Holders 

(a) Each selling Holder that has requested inclusion of its Registrable Securities in any Registration Statement shall furnish to the
Company such information regarding such Holder and its plan and method of distribution of such Registrable Securities as the Company may, from time to time, reasonably request in writing. The Company may refuse to proceed with the registration of
such Holder’s Registrable Securities if such Holder unreasonably fails to furnish such information within a reasonable time after receiving such request. 

(b) Each selling Holder will promptly (i) following its actual knowledge thereof, notify the Company of the occurrence of any event
that makes any statement made in a Registration Statement, Prospectus or Issuer Free Writing Prospectus regarding such selling Holder untrue in any material respect or that requires the making of any changes in a Registration Statement, Prospectus
or Issuer Free Writing Prospectus so that, in such regard, it will not contain any untrue statement of a material fact or omit any material fact required to be stated therein or necessary to make the statements not misleading and (ii) provide
the Company 
  

 26 

 
with such information as may be required to enable the Company to prepare a supplement or post-effective amendment to any Registration Statement or a supplement to such Prospectus or Issuer Free
Writing Prospectus. 
  

	 	14.	Financial Reports 

 (a)
Until such time as the Company is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the Company must provide to each Holder within the time periods specified in the Commission’s rules and regulations
applicable to non-accelerated filers (as in effect on the Effective Date) with (i) all quarterly and annual financial information that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were
required to file such forms, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to annual information only, a report thereon by the Company’s certified
independent accountants, and (ii) all current reports that would be required to be filed with the Commission on Form 8-K if the Company were required to file such reports. 

(b) In addition, whether or not required by the Commission, the Company will, if the Commission will accept the filing, file a copy of
all of the information and reports referred to in clauses (i) and (ii) of Section 14(a) with the Commission for public availability within the time periods specified in the Commission’s rules and regulations. In addition,
the Company will make the information and reports available to securities analysts and prospective investors upon request. The Company will be deemed to have furnished the Holders with the reports referred to in clauses (i) and (ii) of
Section 14(a) if the Company has either filed such reports with the Commission (and such reports are publicly available) or posted such reports on the Company’s website and issued a press release in respect thereof. 

 

	 	15.	Private Placement 

 Except
for Section 5, the Company agrees that nothing in this Agreement shall prohibit the Holders, at any time and from time to time, from selling or otherwise transferring Registrable Securities pursuant to a private placement or other
transaction which is not registered pursuant to the Securities Act. To the extent reasonably requested by a Holder and the total price of the Registrable Securities to be sold or transferred in such sale or transfer is reasonably expected to exceed
$20 million, the Company shall assist and cooperate with such Holder to facilitate such sale or transfer by providing due diligence access to potential purchasers. 
  

	 	16.	Rule 144 

 With a view to
making available certain rules and regulations of the Commission that may permit the sale of the Registrable Securities to the public without registration, until such date as no Holder owns any Registrable Securities, the Company agrees to
(a) use commercially reasonable efforts to continue to file in a timely manner all reports and other documents required, if any, to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted thereunder
and (b) make available information necessary to comply with Rule 144 and Rule 144A, if available, with respect to resales of the Registrable Securities under the Securities Act, at all times, all to the extent required from time to time to
enable such Holder 
  

 27 

 
to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (i) Rule 144 and Rule 144A (if available with respect to
resales of the Registrable Securities) (ii) Regulation S promulgated under the Securities Act, as may be amended from time to time, or (iii) any other similar rules or regulations now existing or hereafter adopted by the Commission and
(c) upon the reasonable request of any Holder of Registrable Securities, the Company will deliver to such Holder a written statement as to whether the Company has complied with such information requirements, and, if not, the specific reasons
for non-compliance. 
  

	 	17.	Transfer of Registration Rights. 

The rights of a Holder hereunder may be transferred, assigned, or otherwise conveyed on a pro rata basis in connection with any
transfer, assignment, or other conveyance of Registrable Securities to any transferee or assignee; provided that all of the following additional conditions are satisfied with respect to any transfer, assignment or conveyance of rights
hereunder: (a) such transfer or assignment is effected in accordance with applicable securities laws; (b) such transferee or assignee agrees in writing to become subject to the terms of this Agreement by executing and delivering to the
Company a joinder agreement in the form attached hereto as Annex B; and (c) the Company is given written notice by such Holder within 10 Business Days of such transfer or assignment, stating the name and address of the transferee or
assignee, identifying the Registrable Securities with respect to which such rights are being transferred or assigned and the total number of Registrable Securities and other equity securities of the Company beneficially owned by such transferee or
assignee. 
  

	 	18.	Amendment, Modification and Waivers; Further Assurances. 

(a) Amendment. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions of
this Agreement may be waived, only by a written instrument, (a) signed by (i) the Company, and (ii) the Holders of at least two thirds (66.67%) of the Registrable Securities; provided, that no provision of this Agreement
shall be modified or amended in a manner that is disproportionately adverse to any Holder, without the prior written consent of such Holder, as applicable, or (b) in the case of a waiver, by the party hereto waiving compliance. 

(b) Changes in New Common Stock or New Preferred Stock. If, and as often as, there are any changes in the New Common Stock or New
Preferred Stock by way of stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof as may
be required so that the rights and privileges granted hereby shall continue with respect to the Registrable Securities as so changed and the Company shall make appropriate provision in connection with any merger, consolidation, reorganization or
recapitalization that any successor to the Company (or resulting parent thereof) shall agree, as a condition to the consummation of any such transaction, to expressly assume the Company’s obligations hereunder. 

(c) Effect of Waiver. No waiver of any terms or conditions of this Agreement shall operate as a waiver of any other breach of such
terms and conditions or any other term or 
  

 28 

 
condition, nor shall any failure to enforce any provision hereof operate as a waiver of such provision or of any other provision hereof. No written waiver hereunder, unless it by its own terms
explicitly provides to the contrary, shall be construed to effect a continuing waiver of the provisions being waived and no such waiver in any instance shall constitute a waiver in any other instance or for any other purpose or impair the right of
the party against whom such waiver is claimed in all other instances or for all other purposes to require full compliance with such provision. The failure of any party to enforce any provision of this Agreement shall not be construed as a waiver of
such provision and shall not affect the right of such party thereafter to enforce each provision of this Agreement in accordance with its terms. 

(d) Further Assurances. Each of the parties hereto shall execute all such further instruments and documents and take all such
further action as any other party hereto may reasonably require in order to effectuate the terms and purposes of this Agreement. 
  

	 	19.	Miscellaneous. 

 (a)
Successors and Assigns. All covenants and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto (including any trustee in
bankruptcy) whether so expressed or not. In addition, whether or not any express assignment has been made, the provisions of this Agreement which are for the benefit of purchasers or Holders of Registrable Securities are also for the benefit of, and
enforceable by, any subsequent Holder of Registrable Securities. No assignment or delegation of this Agreement by the Company, or any of the Company’s rights, interests or obligations hereunder, shall be effective against any Holder without the
prior written consent of such Holder. 
 (b) Remedies; Specific Performance. Any Person having rights under any provision
of this Agreement shall be entitled to enforce such rights specifically, to recover damages caused by reason of any breach of any provision of this Agreement and to exercise all other rights existing in their favor. The parties hereto agree and
acknowledge that money damages would not be an adequate remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance
and/or injunctive relief (without posting any bond or other security) in order to enforce or prevent violation of the provisions of this Agreement and shall not be required to prove irreparable injury to such party or that such party does not have
an adequate remedy at law with respect to any breach of this Agreement (each of which elements the parties admit). The parties hereto further agree and acknowledge that each and every obligation applicable to it contained in this Agreement shall be
specifically enforceable against it and hereby waives and agrees not to assert any defenses against an action for specific performance of their respective obligations hereunder. All rights and remedies existing under this Agreement are cumulative
to, and not exclusive of, any rights or remedies available under this Agreement or otherwise. 
 (c) Notices. All
notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when (i) delivered personally to the recipient,
(ii) telecopied or sent by facsimile to the recipient, or (iii) one Business Day after being sent to the recipient by 

 

 29 

 
reputable overnight courier service (charges prepaid). Such notices, demands and other communications shall be sent to the Company at the address set forth below and to any Holder of Registrable
Securities at the address set forth on the signature page hereto (with copies sent at the address set forth below), or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the
sending party. 
 The Company’s address is: 

Cooper-Standard Holdings, Inc. 

39550 Orchard Hill Place Drive 

Novi, Michigan 48375 

Attention: General Counsel 

Fax: (248) 596-6535 

with copies to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 

New York, NY 10004 

			
	Attention:	 	Christopher Ewan
	Facsimile:	 	(212) 859-4000

 Copies of notices to the
Holders shall be sent to: 
 Akin Gump Strauss Hauer & Feld LLP 

One Bryant Park 

New York, NY 10036 

			
	Attention:	 	Adam Weinstein
	Facsimile:	 	(212) 872-1002

 and 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, NY 10017 

			
	Attention:	 	Christopher Mayer
		 	Alan Dean
	Facsimile:	 	(212) 701-5800

 If any time period for
giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or legal holiday in the State of New York or the jurisdiction in which the Company’s principal office is located, the time period shall automatically be
extended to the Business Day immediately following such Saturday, Sunday or legal holiday. 
 (d) No Inconsistent
Agreements. The Company shall not hereafter enter into any agreement with respect to its securities which is inconsistent with or violates the rights granted to the Holders of Registrable Securities in this Agreement. 

 

 30 

 (e) Adjustments Affecting Registrable Securities. The Company shall not take any
action, or permit any change to occur, with respect to its securities which would materially and adversely affect the ability of the Holders of Registrable Securities to include such Registrable Securities in a registration undertaken pursuant to
this Agreement or which would materially and adversely affect the marketability of such Registrable Securities in any such registration (including effecting a stock split or a combination of shares). 

(f) Counterparts. This Agreement may be executed in one or more counterparts, and may be delivered by means of facsimile or
electronic transmission in portable document format (“pdf”), each of which shall be deemed to be an original and shall be binding upon the party who executed the same, but all of such counterparts shall constitute the same
agreement. 
 (g) Descriptive Headings; Interpretation; No Strict Construction. The descriptive headings of this
Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the
singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance
with the terms thereof, and, if applicable, hereof. The words “include,” “includes” or “including” in this Agreement shall be deemed to be followed by “without limitation.” The use
of the words “or,” “either” or “any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this
Agreement. All references to laws, rules, regulations and forms in this Agreement shall be deemed to be references to such laws, rules, regulations and forms, as amended from time to time or, to the extent replaced, the comparable successor thereto
in effect at the time. All references to agencies, self-regulatory organizations or governmental entities in this Agreement shall be deemed to be references to the comparable successors thereto from time to time. 

(h) Delivery by Facsimile and Electronic Means. This Agreement, the agreements referred to herein, and each other agreement or
instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or other electronic means, shall be treated in
all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such
agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or other
electronic means to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or other electronic means as a defense to the formation or enforceability of a
contract and each such party forever waives any such defense. 
  

 31 

 (i) Arm’s Length Agreement. Each of the parties to this Agreement agrees and
acknowledges that this Agreement has been negotiated in good faith, at arm’s length, and not by any means prohibited by law. 

(j) Sophisticated Parties; Advice of Counsel. Each of the parties to this Agreement specifically acknowledges that (i) it is
a knowledgeable, informed, sophisticated Person capable of understanding and evaluating the provisions set forth in this Agreement and (ii) it has been fully advised and represented by legal counsel of its own independent selection and has
relied wholly upon its independent judgment and the advice of such counsel in negotiating and entering into this Agreement. 

(k) Notification of Status. Each Holder shall provide written notice to the Company within ten Business Days from the first day on
which the Holder no longer holds Registrable Securities. 
 (l) Governing Law. This Agreement and the exhibits,
attachments and annexes hereto shall be governed by, and construed in accordance with, the laws of the State of New York, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any
other jurisdiction) to the extent such rules or provisions would cause the application of the laws of any jurisdiction other than the State of New York. 

(m) Submission to Jurisdiction. Any action, suit or proceeding seeking to enforce any provision of, or based on any matter arising
out of or in connection with, this Agreement or the transactions contemplated hereby must be brought in the United States District Court for the in the Southern District of New York or any New York state court, in each case, located in the Borough
of Manhattan, and each party consents to the exclusive jurisdiction and venue of such courts (and of the appropriate appellate courts therefrom) in any such action, suit or proceeding and irrevocably waives, to the fullest extent permitted by law,
any objection that it may now or hereafter have to the laying of the venue of any such, action, suit or proceeding in any such court or that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

 (n) Waiver of Jury Trial. Each of the parties to this Agreement hereby agrees to waive its respective rights to a jury
trial of any claim or cause of action based upon or arising out of this Agreement. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of this
Agreement, including contract claims, tort claims and all other common law and statutory claims. Each party hereto acknowledges that this waiver is a material inducement to enter into this Agreement, that each has already relied on this waiver in
entering into this Agreement, and that each will continue to rely on this waiver in their related future dealings. Each party hereto further warrants and represents that it has reviewed this waiver with its legal counsel and that it knowingly and
voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS
SECTION 19(n) AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. In the event of litigation, this Agreement may be filed as a
written consent to a trial by the court. 
  

 32 

 (o) Complete Agreement. This Agreement and any certificates, documents, instruments
and writings that are delivered pursuant hereto, represent the complete agreement among the parties hereto as to all matters covered hereby, and supersedes any prior agreements or understandings among the parties. 

(p) Severability. In the event any one or more of the provisions contained in this Agreement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a
particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

(q) Termination. 

The obligations of the Company and of any Holder, other than those obligations contained in Section 10 hereof, shall
terminate with respect to the Company and such Holder if (A) such Holder no longer holds any Registrable Securities or (B) such Holder no longer holds or beneficially owns at least 2% of the outstanding New Common Stock, but only if such
Holder is not an “affiliate” for purposes of Rule 144 (and has not been an “affiliate” during the preceding three months and at least one year has elapsed since the Registrable Securities were acquired from the Company or an
“affiliate” of the Company). Notwithstanding anything to the contrary contained herein, this Agreement will terminate (A) at any time by a written instrument signed by each Holder or (B) simultaneously with the termination of the
Commitment Agreement if the Rights Offering (as defined in the Commitment Agreement) is not consummated prior to such termination of the Commitment Agreement. 

*        *        *      
  *        * 
  

 33 

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

			
	Cooper-Standard Holdings, Inc.
		
	By:	 	 /s/ Timothy W. Hefferon

		 	Name: Timothy W. Hefferon
		 	Title: V.P., General Counsel & Secretary

Signature Page for Registration Rights Agreement 

			
	TCW Shared Opportunity Fund IV, L.P.
	By: TCW Asset Management Company, its Investment Adviser
		
	By:	 	 /s/ Richard H. Stevenson

		 	Name: Richard H. Stevenson
		 	Title: Senior Vice President
		
	By:	 	 /s/ Chad Brownstein

		 	Name: Chad Brownstein
		 	Title: Senior Vice President
	
	TCW Shared Opportunity Fund IVB, L.P.
	By: TCW Asset Management Company, its Investment Adviser
		
	By:	 	 /s/ Richard H. Stevenson

		 	Name: Richard H. Stevenson
		 	Title: Senior Vice President
		
	By:	 	 /s/ Chad Brownstein

		 	Name: Chad Brownstein
		 	Title: Senior Vice President
	
	TCW Shared Opportunity Fund V, L.P.
	By: TCW Asset Management Company, its Investment Adviser
		
	By:	 	 /s/ Richard H. Stevenson

		 	Name: Richard H. Stevenson
		 	Title: Senior Vice President
		
	By:	 	 /s/ Chad Brownstein

		 	Name: Chad Brownstein
		 	Title: Senior Vice President
	
	OHSF II FINANCING, LTD.
		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Person

Signature Page for Registration Rights Agreement 

 

			
	OHA STRATEGIC CREDIT MASTER FUND, L.P.
	
	By: OHA Strategic Credit GenPar, LLC, its general partner
		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Signatory
	
	OAK HILL CREDIT OPPORTUNITIES FINANCING, LTD.
		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Person
	
	OHA STRATEGIC CREDIT MASTER FUND II, L.P.
	
	By: OHA Strategic Credit GenPar, LLC, its general partner
		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Signatory
	
	LERNER ENTERPRISES, LLC
	
	 By: OAK HILL ADVISORS, L.P.

As advisor and attorney-in-fact to Lerner Enterprises, LLC

		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Person
	
	FUTURE FUND BOARD OF GUARDIANS
	
	By: OAK HILL ADVSORS, L.P.
	As its Investment Advisor
		
	By:	 	 /s/ Scott D. Krase

		 	Name: Scott D. Krase
		 	Title: Authorized Person

Signature Page for Registration Rights Agreement 

  

							
	 CAPITAL RESEARCH AND MANAGEMENT

COMPANY, for and on behalf of the following

funds:

			
		 		 	American High-Income Trust
			
		 		 	American Funds Insurance Series, Asset
		 		 	Allocation Fund
			
		 		 	American Funds Insurance Series, High-Income Bond Fund
		
	By:	 	 /s/ Abner D. Goldstine

		 	Name:	 	 Abner D. Goldstine

		 	Title:	 	 Director

  

 Signature Page for Registration Rights Agreement 

					
	TD HIGH YIELD INCOME FUND
	By:	 	     TD Asset Management Inc.,

		 	     as manager and trustee

		
	By:	 	 /s/ Gregory Kocik

		 	Name:	 	Gregory Kocik
		 	Title:	 	Managing Director

  

 Signature Page for Registration Rights Agreement 

					
	 LORD, ABBETT & CO. LLC, as investment

advisor on behalf of multiple clients

		
	By:	 	 /s/ Lawrence H. Kaplan

		 	Name:	 	Lawrence H. Kaplan
		 	Title:	 	Member & General Counsel

  

 Signature Page for Registration Rights Agreement 

					
	 BARCLAYS BANK PLC

by Barclays Capital, Inc., solely as agent

		
	By:	 	 /s/ Jeff Psaki

		 	Name:	 	Jeff Psaki
		 	Title:	 	Managing Director

  

 Signature Page for Registration Rights Agreement 

			
	SILVER POINT CAPITAL, L.P. , on behalf of its affiliates and related funds
		
	By:	 	 /s/ Michael A. Gatto

	Name:	 	Michael A. Gatto
	Title:	 	Authorized Signatory

  

 Signature Page for Registration Rights Agreement 

 ANNEX A 

Plan of Distribution 

A selling stockholder may also enter into hedging and/or monetization transactions. For example, a selling stockholder may: 

(a) enter into transactions with a broker-dealer or affiliate of a broker-dealer or other third party in connection with which that
other party will become a selling stockholder and engage in short sales of the common stock under this prospectus, in which case the other party may use shares of common stock received from the selling stockholder to close out any short positions;

 (b) itself sell short common stock under this prospectus and use shares of common stock held by it to close out any short
position; 
 (c) enter into options, forwards or other transactions that require the selling stockholder to deliver, in a
transaction exempt from registration under the Securities Act, common stock to a broker-dealer or an affiliate of a broker-dealer or other third party who may then become a selling stockholder and publicly resell or otherwise transfer that common
stock under this prospectus; or 
 (d) loan or pledge common stock to a broker-dealer or affiliate of a broker-dealer or other
third party who may then become a selling stockholder and sell the loaned shares or, in an event of default in the case of a pledge, become a selling stockholder and sell the pledged shares, under this prospectus. 

Annex A 

 ANNEX B 

Form of Joinder Agreement 

THIS JOINDER AGREEMENT is made and entered into by the undersigned with reference to the following facts: 

Reference is made to the Registration Rights Agreement, dated as of [    ], 2010, as amended (the
“Registration Rights Agreement”), by and among Cooper-Standard Holdings, Inc., a Delaware corporation (the “Company”), the parties identified as “Backstop Purchasers” on the
signature page thereto and the parties identified as “Holders” on the signature page thereto. “Holder” means (i) each Backstop Purchaser and each other Holder identified on the signature page
thereto, together with its Affiliates and (ii) any parties identified on the signature page of any joinder agreements executed and delivered pursuant to Section 17 thereof, together with its Affiliates. Capitalized terms used but
not defined in this Joinder Agreement shall have the meanings ascribed thereto in the Registration Rights Agreement. 
 As a
condition to the acquisition of rights under the Registration Rights Agreement in accordance with the terms thereof, the undersigned agrees as follows: 

1. The undersigned hereby agrees to be bound by the provisions of the Registration Rights Agreement and undertakes to perform each
obligation as if a Holder thereunder and an original signatory thereto in such capacity. 
 2. This Joinder Agreement shall
bind, and inure to the benefit of, the undersigned hereto and its respective devisees, heirs, personal and legal representatives, executors, administrators, successors and assigns. 

3. This Joinder Agreement shall be governed by, and construed in accordance with, the laws of the State of New York, without giving
effect to any choice of law or conflict of law rules or provisions (whether of the State of New York or any other jurisdiction) to the extent such rules or provisions would cause the application of the laws of any jurisdiction other than the State
of New York. 
 [Signature Page Follows] 

Annex B 

 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement this
[    ] day of [            ], 2010. 
  

			
	(Print Name of Holder)
		
	By:	 	
		 	Name:
		 	Title:

  

					
	Address:	  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
		  	  
	  	

					
			
	Phone Number:	  	  
	  	
			
	Facsimile Number:	  	  
	  	
			
	Email for Notice:	  	  
	  	
			
	I.R.S. I.D. Number:	  	  
	  	
			
	Amount of Registrable Securities Acquired:	  	  
	  	

 Annex BWarrant Agreement, dated as of May 27, 2010

 EXHIBIT 4.4 

WARRANT AGREEMENT 

dated as of May 27, 2010 

between 

Cooper-Standard Holdings Inc. 

and 

Computershare Inc. 

and 

Computershare Trust Company, N.A., collectively 

as Warrant Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	 	  	Page
		
	 Article 1 Definitions
	  	1
		 	Section 1.01	  	Certain Definitions	  	1
		
	 Article 2 Issuance, Execution and Transfer of Warrants
	  	6
		 	Section 2.01	  	Issuance of Warrants	  	6
		 	Section 2.02	  	Global Warrants	  	7
		 	Section 2.03	  	Execution and Authentication of Warrants	  	9
		 	Section 2.04	  	Registration, Transfer, Exchange and Substitution	  	9
		 	Section 2.05	  	Form of Warrant Certificates	  	11
		 	Section 2.06	  	Surrender of Warrant Certificates	  	11
		 	Section 2.07	  	Restrictions on Transfer	  	11
		
	 Article 3 Exercise and Settlement of Warrants
	  	12
		 	Section 3.01	  	Exercise of Warrants	  	12
		 	Section 3.02	  	Procedure for Exercise	  	12
		 	Section 3.03	  	Settlement of Warrants	  	13
		 	Section 3.04	  	Delivery of New Common Stock	  	14
		 	Section 3.05	  	No Fractional Shares to Be Issued	  	15
		 	Section 3.06	  	Acquisition of Warrants by Company	  	15
		 	Section 3.07	  	Obligations of the Warrant Agent	  	15
		 	Section 3.08	  	Validity of Exercise	  	16
		 	Section 3.09	  	Direction of Warrant Agent	  	16
		
	 Article 4 Adjustments
	  	17
		 	Section 4.01	  	Adjustments to Exercise Price	  	17
		 	Section 4.02	  	Adjustments to Number of Warrants	  	23
		 	Section 4.03	  	Certain Distributions of Rights and Warrants	  	23
		 	Section 4.04	  	Shareholder Rights Plans	  	24
		 	Section 4.05	  	Restrictions on Adjustments	  	24
		 	Section 4.06	  	Deferral of Adjustments	  	25
		 	Section 4.07	  	Successor upon Consolidation, Merger and Sale of Assets	  	26
		 	Section 4.08	  	Adjustment upon Reorganization Event	  	26
		 	Section 4.09	  	New Common Stock Outstanding; Shares Reserved for Issuance on Exercise	  	28
		 	Section 4.10	  	Calculations	  	29
		 	Section 4.11	  	Notice of Adjustments	  	29
		 	Section 4.12	  	Warrant Agent Not Responsible for Adjustments or Validity	  	29
		 	Section 4.13	  	Statements on Warrants	  	30
		
	 Article 5 Other Provisions Relating to Rights of Warrantholders
	  	30
		 	Section 5.01	  	No Rights as Stockholders	  	30
		 	Section 5.02	  	Mutilated or Missing Warrant Certificates	  	30
		 	Section 5.03	  	Modification, Waiver and Meetings	  	31
		
	 Article 6 Concerning the Warrant Agent and Other Matters
	  	32
		 	Section 6.01	  	Payment of Certain Taxes	  	32

  

 i 

							
		 	Section 6.02	  	Certain Tax Filings	  	32
		 	Section 6.03	  	Change of Warrant Agent	  	32
		 	Section 6.04	  	Compensation; Further Assurances	  	34
		 	Section 6.05	  	Reliance on Counsel	  	34
		 	Section 6.06	  	Proof of Actions Taken	  	34
		 	Section 6.07	  	Correctness of Statements	  	34
		 	Section 6.08	  	Validity of Agreement	  	34
		 	Section 6.09	  	Use of Agents	  	35
		 	Section 6.10	  	Liability of Warrant Agent	  	35
		 	Section 6.11	  	Legal Proceedings	  	35
		 	Section 6.12	  	Other Transactions in Securities of the Company	  	35
		 	Section 6.13	  	Actions as Agent	  	36
		 	Section 6.14	  	Appointment and Acceptance of Agency	  	36
		 	Section 6.15	  	Successors and Assigns	  	36
		 	Section 6.16	  	Notices	  	36
		 	Section 6.17	  	Applicable Law; Jurisdiction	  	37
		 	Section 6.18	  	Benefit of this Warrant Agreement	  	37
		 	Section 6.19	  	Registered Warrantholders	  	37
		 	Section 6.20	  	Inspection of this Warrant Agreement	  	38
		 	Section 6.21	  	Headings	  	38
		 	Section 6.22	  	Counterparts	  	38
		 	Section 6.23	  	Entire Agreement	  	38
		 	Section 6.24	  	Severability	  	38
		
	 EXHIBIT A FORM OF LEGENDS
	  	A-1
		
	 EXHIBIT B FORM OF WARRANT CERTIFICATE
	  	B-1
		
	 EXHIBIT C FORM OF NEW COMMON SHARES REQUISITION ORDER
	  	C-1
		
	 EXHIBIT D WARRANT AGENT FEE SCHEDULE
	  	D-1

  

 ii 

 WARRANT AGREEMENT 

This Warrant Agreement (“Warrant Agreement”) dated as of May 27, 2010 is between Cooper-Standard Holdings Inc., a
Delaware corporation (the “Company”), and Computershare Inc., a Delaware corporation and Computershare Trust Company, N.A., a federally chartered, limited purpose trust company (collectively, the “Warrant Agent,” or
individually, “Computershare” and the “Trust Company,” respectively). 
 WITNESSETH THAT:

 WHEREAS, pursuant to the terms and conditions of the Debtors’ First Amended Joint Plan of Reorganization, dated
March 19, 2010, as the same may be amended, modified or restated from time to time (the “Plan”) relating to the reorganization under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) of
the Company and certain of its direct and indirect subsidiaries, the Subordinated Holders and Backstop Parties (such parties, the “Initial Warrantholders”) are to be issued warrants (the “Warrants”) exercisable
until the Expiration Date (as defined below), to purchase up to an aggregate of 2,419,753 shares of New Common Stock at an exercise price of $27.33 per share, as the same may be adjusted pursuant to Article 4 hereof (the “Exercise
Price”); 
 WHEREAS, certain of the Warrants are being issued to Subordinated Holders in an offering in reliance on the
exemption from the registration requirements of the Securities Act afforded by Section 1145 of the Bankruptcy Code, and of any applicable state securities or “blue sky” laws; 

WHEREAS, certain of the Warrants are being issued to the Backstop Parties in an offering exempt from the registration requirements of the
Securities Act, and of any applicable state securities or “blue sky” laws; and 
 WHEREAS, the Company desires that
the Warrant Agent act on behalf of the Company, and the Warrant Agent is willing to act, in connection with the issuance, exchange, transfer, substitution and exercise of Warrants. 

NOW THEREFORE in consideration of the mutual agreements herein contained, the Company and the Warrant Agent agree as follows: 

Article 1 

Definitions 

Section 1.01 Certain Definitions. As used in this Warrant Agreement, the following terms shall have their respective meanings
set forth below: 
 “Adjustment Event” has the meaning set forth in Section 4.06. 

“Affiliate” shall mean, with respect to any specified Person, any other Person that directly, or indirectly through one
or more intermediaries, controls, is controlled by, or is under common control with, such specified Person. 
  

 1 

 “Agent Members” has the meaning set forth in Section 2.02(b).

 “Authentication Order” means a Company Order for authentication and delivery of Warrants. 

“Backstop Parties” means the parties identified as “Backstop Parties” in the Plan. 

“Beneficial Holder” means any Person beneficially owning an interest in a Global Warrant, as evidenced by the book-entry
system maintained by the Depositary (or its agent). 
 “Board of Directors” means the board of directors of the
Company or any committee of such board duly authorized to exercise the power of such board with respect to the matters provided for in this Warrant Agreement as to which the board is authorized or required to act. 

“Business Day” means any day other than a Saturday or Sunday or other than a day on which the New York Stock Exchange is
authorized or obligated by law or executive order to close. 
 “Capital Stock” means any and all shares,
interests, participations or other equivalents (however designated) of capital stock of the Company and all warrants or options to acquire such capital stock. 

“Cash” means such coin or currency of the United States as at any time of payment is legal tender for the payment of
public and private debts. 
 “Certificated Warrant” means a Warrant represented by a Warrant Certificate, in
definitive, fully registered form. 
 “Close of Business” means 5:00 p.m., New York City time. 

“Closing Date” means the effective date of the Plan. 

“Closing Sale Price” means, as of any date: 

(i) if the shares of New Common Stock or other security are listed on the New York Stock Exchange, the closing sale price
per share of New Common Stock or other security (or if no closing sale price is reported, the last reported sale price) on such date on the New York Stock Exchange; 

(ii) if the shares of New Common Stock or other security are not listed on the New York Stock Exchange, the closing sale
price per share of New Common Stock or other security (or if no closing sale price is reported, the last reported sale price) on such date in composite trading for the principal U.S. national or regional securities exchange on which the shares of
New Common Stock or other security are then listed; 
 (iii) if the shares of New Common Stock or other security
are not listed on a U.S. national or regional securities exchange, the last quoted bid price per share of New Common Stock or other security in the over-the-counter market on the relevant date as reported by Pink OTC Markets Inc. or a similar
organization; or 
  

 2 

 (iv) if the shares of New Common Stock or other security are not listed on a
U.S. national or regional securities exchange or quoted as described in clause (iii) above, the market price per share of New Common Stock or other security on the relevant date as determined in good faith by the Board of Directors, subject to
Section 4.10(b) hereof. 
 If during a period applicable for calculating Closing Sale Price, an (or another)
issuance, distribution, subdivision, combination or other transaction or event occurs that requires an adjustment to the Exercise Price or Number of Warrants pursuant to Article 3 hereof, Closing Sale Price shall be calculated for such period
in a manner determined by the Board of Directors to appropriately reflect the impact of such issuance, distribution, subdivision or combination or other transaction or event on the price of the New Common Stock during such period. 

“Company” has the meaning set forth in the preamble. 

“Company Order” means a written order signed in the name of the Company by any two officers, at least one of whom must
be its Chief Executive Officer, its Chief Financial Officer, its Treasurer, an Assistant Treasurer, or its Controller, and delivered to the Warrant Agent. 

“Convertible Securities” means options, rights, warrants or other securities convertible into or exchangeable or
exercisable for shares of New Common Stock. 
 “Depositary” means The Depository Trust Company, its nominees,
and their respective successors. 
 “Determination Date” has the meaning set forth in Section 4.06.

 “Effective Consideration” means the amount paid or payable to acquire shares of New Common Stock (or in the
case of Convertible Securities, the amount paid or payable to acquire the Convertible Security, if any, plus the exercise price for the underlying New Common Stock). 

“Equity Commitment Agreement” means the Commitment Agreement dated as of March 19, 2010 by and between the Company
and the Backstop Parties. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Ex-Date” (i) when used with respect to any issuance or distribution, means the first date on which the New Common
Stock trades, regular way, on the relevant exchange or in the relevant market from which the Closing Sale Price was obtained without the right to receive such issuance or distribution, and (ii) when used with respect to any subdivision, split,
combination or reclassification of shares of New Common Stock, means the first date on which the New Common Stock trades, regular way, on such exchange or in such market after the time at which such subdivision, split, combination or
reclassification becomes effective. 
 “Exercise Date” has the meaning set forth in
Section 3.02(b). 
  

 3 

 “Exercise Notice” means, for any Warrant, the exercise notice set forth on
the reverse of the Warrant Certificate, substantially in the form set forth in Exhibit B hereto. 
 “Exercise
Price” has the meaning set forth in the Recitals. 
 “Expiration Date” means, for any Warrant,
November 27, 2017. 
 “Full Physical Settlement” means the settlement method pursuant to which an
exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of New Common Stock equal to the Full Physical Share Amount in exchange for payment by the Warrantholder of the Exercise Price.

 “Full Physical Share Amount” has the meaning set forth in Section 3.03(b). 

“Fundamental Change” has the meaning set forth in Section 4.07(a). 

“Global Restricted Warrant” means a Warrant, other than a Global Unrestricted Warrant, in the form of a permanent global
Warrant Certificate, in definitive, fully registered form and bearing the Restricted Warrant Legend. 
 “Global
Unrestricted Warrant” means a Warrant in the form of a permanent global Warrant Certificate, in definitive, fully registered form, issued pursuant to Section 1145 of the Bankruptcy Code. 

“Global Warrant” means any Global Restricted Warrant or any Global Unrestricted Warrant. 

“Global Warrant Legend” means the legend substantially in the form set forth in Exhibit A-1 hereto. 

“Initial Warrantholders” has the meaning set forth in the Recitals. 

“Net Share Amount” has the meaning set forth in Section 3.03(c). 

“Net Share Settlement” means the settlement method pursuant to which an exercising Warrantholder shall be entitled to
receive from the Company, for each Warrant exercised, a number of shares of New Common Stock equal to the Net Share Amount without any payment therefor. 

“New Common Stock” means the new common stock, par value $0.001 per share, of the Company. 

“Number of Warrants” means, for a Warrant Certificate, the “Number of Warrants” specified on the face of such
Warrant Certificate (or, in the case of a Global Warrant, on Schedule A to such Warrant Certificate), subject to adjustment pursuant to Article 3. 

“Offer Expiration Date” has the meaning set forth in Section 4.01(e). 

 

 4 

 “Officer’s Certificate” means a certificate signed by any two officers
of the Company, at least one of whom must be its Chief Executive Officer, its Chief Financial Officer, its Treasurer, an Assistant Treasurer, or its Controller. 

“Open of Business” means 9:00 a.m., New York City time. 

“Person” means an individual, partnership, firm, corporation, limited liability company, business trust, joint stock
company, trust, unincorporated association, joint venture, governmental authority or other entity of whatever nature. 

“Plan” has the meaning set forth in the Recitals. 

“Record Date” means, with respect to any dividend, distribution or other transaction or event in which the holders of
New Common Stock have the right to receive any cash, securities or other property or in which New Common Stock (or other applicable security) is exchanged for or converted into any combination of cash, securities or other property, the date fixed
for determination of holders of New Common Stock entitled to receive such cash, securities or other property (whether such date is fixed by the Board of Directors or by statute, contract or otherwise). 

“Reference Property” has the meaning set forth in Section 4.08(a). 

“Reorganization Event” has the meaning set forth in Section 4.08(a). 

“Restricted Certificated Warrant” has the meaning set forth in Section 2.02(e). 

“Restricted Securities” has the meaning set forth in Section 2.07. 

“Restricted Warrant Legend” means the legend substantially in the form set forth in Exhibit A-2 hereto.

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

“Securities Act” means the Securities Act of 1933, as amended. 

“Settlement Date” means, in respect of a Warrant that is exercised hereunder, the third Trading Day immediately
following the Exercise Date for such Warrant. 
 “Subordinated Holders” means the holders
of pre-petition claims with respect to the Company’s
8 3/8% Senior Subordinated Notes due 2014 identified
as “Holders of Allowed Senior Subordinated Note Claims” in the Plan. 
 “Trading Day” is any
day during which trading in securities generally occurs on the New York Stock Exchange or, if the Common Stock is not listed on the New York Stock Exchange, on the principal United States national or regional securities exchange on which the Common
Stock is then listed or, if the Common Stock is not listed on a United States national or regional securities exchange, on the principal other market (including any over-the-counter market or quotation system) on which the Common Stock is then
traded. 
  

 5 

 “Trigger Event” has the meaning set forth in Section 4.03(a).

 “Unit of Reference Property” has the meaning set forth in Section 4.08(a). 

“Unit Value” has the meaning set forth in Section 4.08(c). 

“Valuation Period” has the meaning set forth in Section 4.01(d). 

“Vice President” means any vice president of the Company, whether or not designated by a number or a word or words added
before or after the title “vice president”. 
 “Voting Stock” means Capital Stock having the right to
vote for the election of directors under ordinary circumstances. 
 “Warrant” means a warrant of the Company
exercisable for one share of New Common Stock as provided herein, and issued pursuant to this Warrant Agreement with the terms, conditions and rights set forth in this Warrant Agreement. 

“Warrant Agent” means Computershare and the Trust Company, in their collective capacity as warrant agent hereunder.

 “Warrant Certificate” means any certificate representing Warrants satisfying the requirements set forth in
Section 2.05. 
 “Warrant Register” has the meaning set forth in Section 2.04(a).

 “Warrantholder” means each Person in whose name Warrants are registered in the Warrant Register. 

Article 2 

Issuance, Execution and Transfer of Warrants 

Section 2.01 Issuance of Warrants. 

(a) The Company shall execute and deliver to the Warrant Agent, for authentication and delivery to the Depositary, or its custodian, for
crediting to the accounts of its participants for the benefit of the Initial Warrantholders pursuant to the procedures of the Depositary on the Closing Date, one or more Global Unrestricted Warrants, together with Authentication Orders with respect
thereto. The initial aggregate Number of Warrants represented by the Global Unrestricted Warrants shall be equal to 725,926. On the Closing Date, the Warrant Agent shall, upon receipt of such Global Unrestricted Warrants and Authentication Orders,
authenticate, manually countersign and deliver such Global Warrant to the Depositary, or its custodian, for crediting to the accounts of its participants pursuant to the procedures of the Depositary in accordance with Section 2.04. All such
Warrants shall be dated as of the Closing Date. Each Global Warrant shall evidence one or more Warrants. Each Warrant evidenced by a Global Warrant entitles the holder, upon proper exercise and payment of the Exercise Price to receive from the
Company, as adjusted as provided herein, one share of New Common Stock. 
  

 6 

 (b) The Company shall execute and deliver to the Warrant Agent, for authentication and
delivery to the Initial Warrantholders, Certificated Warrants bearing the Restricted Warrant Legend (each, a “Restricted Certificated Warrant”) in the name of each Initial Warrantholder, together with Authentication Orders with respect
thereto, evidencing an initial Number of Warrants equal to the number indicated next to such Initial Warrantholder’s name on Schedule II hereto (such Number of Warrants subject to adjustment from time to time as described herein) in accordance
with the terms of this Warrant Agreement. The initial aggregate Number of Warrants represented by the Restricted Certificated Warrants shall be equal to 1,693,827. On the Closing Date, the Warrant Agent shall, upon receipt of such Restricted
Certificated Warrants and Authentication Orders, authenticate, manually countersign and deliver such Restricted Certificated Warrants to the applicable Initial Warrantholder and register such Initial Warrantholder as the Warrantholder of such
Warrants in accordance with Section 2.04. All such Warrants shall be dated as of the Closing Date. 
 (c) Except as set
forth in Section 2.04 and Section 5.02, the Warrants delivered to the Initial Warrantholders or the Depositary (or a nominee thereof) on the Closing Date shall be the only Warrants issued or outstanding under this Warrant Agreement.

 (d) All Warrants issued under this Warrant Agreement shall in all respects be equally and ratably entitled to the benefits
hereof, without preference, priority, or distinction on account of the actual time of the issuance and authentication or any other terms thereof. 

(e) The Company shall supply the Warrant Agent with an opinion of counsel with respect to the following: (i) Company’s
organization and existence under the laws of its state of organization; (ii) the status of all future issuances of equity securities of Company covered by the appointment under the Securities Act of 1933, as amended (the “1933 Act”),
and any other applicable federal or state statute; and (iii) that all issued Warrants, excluding any Warrants that are issued pursuant to an exemption from the registration requirements of Section 5 of the 1933 Act provided by
Section 1145 of the Bankruptcy Code, are validly issued, fully paid and non-assessable. For future issuances of Warrants, the Company agrees to supply an appropriate opinion of counsel. 

Section 2.02 Global Warrants. 

(a) The Warrants issued pursuant to Section 2.01(a) shall be issued in the form of one or more Global Unrestricted Warrants
evidencing an aggregate Number of Warrants equal to 725,926, to be registered in the name of the Depositary, or its nominee, and delivered by the Warrant Agent to the Depositary, or its custodian, for crediting to the accounts of its participants
pursuant to the procedures of the Depositary. The Company shall execute Global Unrestricted Warrants representing such aggregate Number of Warrants and deliver the same to the Warrant Agent for the authentication and delivery in accordance with
Section 2.03. Any Global Warrant shall bear the Global Warrant Legend. 
 (b) The Warrants issued pursuant to
Section 2.01(b) shall initially be issued in the form of Restricted Certificated Warrants evidencing an aggregate Number of Warrants equal to 1,693,827. However, if the Warrants are sold pursuant to an effective registration statement covering
the resale of such Warrants filed with the SEC, or at any other time selected by the 
  

 7 

 
Company, any Restricted Certificated Warrants may be presented to the Warrant Agent by Warrantholders in exchange for one or more Global Warrants up to the aggregate Number of Warrants evidenced
by Restricted Certificated Warrants then outstanding, to be registered in the name of the Depositary, or its nominee, and delivered by the Warrant Agent to the Depositary, or its custodian, for crediting to the accounts of its participants pursuant
to the procedures of the Depositary. Upon such presentation, the Company shall execute Global Warrants representing such aggregate Number of Warrants and deliver the same to the Warrant Agent for the authentication and delivery in accordance with
Section 2.03. The Global Warrants executed and delivered by the Company pursuant to this Section 2.02(b) shall be Global Restricted Warrants, to the extent the Warrants evidenced by such Global Warrant are Restricted Securities and subject
to the provisions of Section 2.07(c). The Global Unrestricted Warrants and the Global Restricted Warrants will be identical in all respects except with respect to the number of Warrants represented thereby and the inclusion of the Restricted
Legend on the Global Restricted Warrant. 
 (c) So long as any Global Warrant is registered in the name of the Depositary or its
nominee or members of, or participants in, the Depositary (the “Agent Members”), the Beneficial Holders shall have no rights under this Warrant Agreement with respect to such Global Warrant held on their behalf by the Depositary or
the Warrant Agent as its custodian, and the Depositary may be treated by the Company, the Warrant Agent and any agent of the Company or the Warrant Agent as the absolute owner of such Global Warrant for all purposes. Accordingly, any such Beneficial
Holder’s interest in such Global Warrant will be shown only on, and the transfer of such interest shall be effected only through, records maintained by the Depositary or its nominee or its Agent Members, and neither the Company nor the Warrant
Agent shall have any responsibility with respect to such records maintained by the Depositary or its nominee or its Agent Members. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Warrant Agent or any agent of the Company
or the Warrant Agent from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices governing the exercise of
the rights of a Warrantholder. 
 (d) The Beneficial Holders shall, by acceptance of a Global Warrant, agree that transfers of
beneficial interests in such Global Warrant may be effected only through a book-entry system maintained by the Depositary (or its agent), and that ownership of a beneficial interest in Warrants represented thereby shall be required to be reflected
in book-entry form. 
 (e) (e) A Global Warrant registered in the name of the Depositary or its nominee shall be exchanged for
Certificated Warrants only if the Depositary (A) has notified the Company that it is unwilling or unable to continue as or ceases to be a clearing agency registered under Section 17A of the Exchange Act and (B) a successor to the
Depositary registered as a clearing agency under Section 17A of the Exchange Act is not able to be appointed by the Company within 90 days or the Depositary is at any time unwilling or unable to continue as Depositary and a successor to the
Depositary is not able to be appointed by the Company within 90 days. In any such event, a Global Warrant registered in the name of the Depositary or its nominee shall be surrendered to the Warrant Agent for cancellation, and the Company shall
execute, and the Warrant Agent shall countersign and deliver, to each beneficial owner identified by the Depositary, in exchange for such beneficial owner’s beneficial interest in such Global

  

 8 

 
Warrant, Certificated Warrants representing, in the aggregate, the Number of Warrants theretofore represented by such Global Warrant with respect to such beneficial owner’s respective
beneficial interest. Any Certificated Warrant delivered in exchange for an interest in a Global Warrant pursuant to this Section 2.02(e) shall not bear the Global Warrant Legend. Any Certificated Warrant delivered in exchange for an
interest in a Global Restricted Warrant pursuant to this Section 2.02(e) shall be a Restricted Certificated Warrant. Interests in the Global Warrant may not be exchanged for Certificated Warrants other than as provided in this
Section 2.02(e). 
 (f) The holder of a Global Warrant registered in the name of the Depositary or its nominee may
grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Warrantholder is entitled to take under this Warrant Agreement or the Warrant.

 Section 2.03 Execution and Authentication of Warrants. 

(a) Each Global Warrant and Certificated Warrant shall be executed on behalf of the Company by the Chief Executive Officer, any Executive
Vice President, any Senior Vice President or any Vice President of the Company and attested by its Secretary or any one of its Assistant Secretaries. The signature of any of these officers on any Global Warrant and Certificated Warrant may be manual
or facsimile. 
 (b) Global Warrants and Certificated Warrants bearing the manual or facsimile signatures of individuals, each
of whom was, at the time he or she signed such Global Warrant and Certificated Warrant or his or her facsimile signature was affixed to such Global Warrant and Certificated Warrant, as the case may be, a proper officer of the Company, shall bind the
Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Global Warrants and Certificated Warrants or did not hold such offices at the date of such Global
Warrants and Certificated Warrants. 
 (c) No Global Warrant or Certificated Warrant shall be entitled to any benefit under this
Warrant Agreement or be valid or obligatory for any purpose unless there appears on such Global Warrant or Certificated Warrant a certificate of authentication substantially in the form provided for herein executed by the Warrant Agent by manual or
facsimile signature, and such signature upon any Global Warrant or Certificated Warrant shall be conclusive evidence, and the only evidence, that such Global Warrant or Certificated Warrant has been duly authenticated and delivered hereunder.

 Section 2.04 Registration, Transfer, Exchange and Substitution. 

(a) The Company shall cause to be kept at the office of the Warrant Agent, and the Warrant Agent shall maintain, a register (the
“Warrant Register”) in which the Company shall provide for the registration of Warrants and transfers, exchanges or substitutions of Warrants as herein provided. All Warrants issued upon any registration of transfer or exchange of
or substitution for Warrants shall be valid obligations of the Company, evidencing the same obligations, and entitled to the same benefits under this Warrant Agreement, as Warrants surrendered for such registration of transfer, exchange or
substitution. 
  

 9 

 (b) Transfers of a Global Warrant registered in the name of the Depositary or its nominee
shall be limited to transfers in whole, and not in part, to the Company, the Depositary, their successors, and their respective nominees. Interests of beneficial owners in a Global Warrant registered in the name of the Depositary or its nominee
shall be transferred in accordance with this Warrant Agreement and the procedures of the Depositary. 
 (c) A Warrantholder may
transfer a Certificated Warrant only upon surrender of such Certificated Warrant for registration of transfer. Certificated Warrants may be presented for registration of transfer and exchange at the offices of the Warrant Agent with a written
instruction of transfer in form satisfactory to the Warrant Agent, duly executed by such Warrantholder or by such Warrantholder’s attorney, duly authorized in writing. No such transfer shall be effected until, and the transferee shall succeed
to the rights of a Warrantholder only upon, final acceptance and registration of the transfer in the Warrant Register by the Warrant Agent. Prior to the registration of any transfer of a Certificated Warrant by a Warrantholder as provided herein,
the Company, the Warrant Agent, and any agent of the Company or the Warrant Agent may treat the Person in whose name Warrants are registered as the owner thereof for all purposes and as the Person entitled to exercise the rights represented thereby,
any notice to the contrary notwithstanding. 
 (d) Every Certificated Warrant presented or surrendered for registration of
transfer or for exchange or substitution shall (if so required by the Company or the Warrant Agent) be duly endorsed, or be accompanied by a duly executed instrument of transfer in form satisfactory to the Company and the Warrant Agent, by the
holder thereof or such Warrantholder’s attorney duly authorized in writing. 
 (e) When Certificated Warrants are presented
to the Warrant Agent with a request to register the transfer of, or to exchange or substitute, such Warrants, the Warrant Agent shall register the transfer or make the exchange or substitution as requested if its requirements for such transactions
and any applicable requirements hereunder are satisfied. Such requirements shall include, inter alia, a signature guarantee from an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer
Association. To permit registrations of transfers, exchanges and substitutions, the Company shall execute Warrant Certificates at the Warrant Agent’s request and the Warrant Agent shall countersign and deliver such Warrant Certificates. No
service charge shall be made for any registration of transfer or exchange of or substitution for Warrants, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with
any registration of transfer of Warrants. 
 (f) A Certificated Warrant may be exchanged at the option of the holder or holders
thereof, when presented or surrendered in accordance with this Warrant Agreement, for another Warrant Certificate or other Warrant Certificates of like tenor and representing in the aggregate a like Number of Warrants. If less than all Warrants
represented by a Certificated Warrant are transferred, exchanged or substituted in accordance with this Warrant Agreement, the Warrant Certificate shall be surrendered to the Warrant Agent and a new Warrant Certificate

  

 10 

 
for a Number of Warrants equal to the Warrants represented by such Warrant Certificate that were not transferred, exchanged or substituted, registered in such name or names as may be directed in
writing by the surrendering Warrantholder, shall be executed by the Company and delivered to the Warrant Agent and the Warrant Agent shall countersign such new Warrant Certificate and shall deliver such new Warrant Certificate to the Person or
Persons entitled to receive the same. 
 Section 2.05 Form of Warrant Certificates. Each Warrant Certificate shall
be in substantially the form set forth in Exhibit B hereto and shall have such insertions as are appropriate or required by this Warrant Agreement and may have such letters, numbers or other marks of identification and such legends and
endorsements, stamped, printed, lithographed or engraved thereon, as the Company may deem appropriate and as are not inconsistent with the provisions of this Warrant Agreement, such as may be required to comply with this Warrant Agreement, any law
or any rule of any securities exchange on which Warrants may be listed, and such as may be necessary to conform to customary usage. 

Section 2.06 Surrender of Warrant Certificates. Any Warrant Certificate surrendered for registration of transfer, exchange,
substitution or exercise of Warrants represented thereby shall, if surrendered to the Company, be delivered to the Warrant Agent, and all Warrant Certificates surrendered or so delivered to the Warrant Agent shall be promptly cancelled by the
Warrant Agent and shall not be reissued by the Company and, except as provided in this Article 2 in case of an exchange, transfer or substitution, or Article 3 in case of the exercise of less than all Warrants represented thereby, or
Section 5.02 in case of mutilation, no Warrant Certificate shall be issued hereunder in lieu thereof. The Warrant Agent shall deliver to the Company from time to time or otherwise dispose of such cancelled Warrant Certificates as the
Company may direct. 
 Section 2.07 Restrictions on Transfer. Any other provision of this Warrant Agreement
notwithstanding: 
 (a) Each Warrantholder and each Beneficial Holder that owns an interest in a Global Restricted Warrant or a
Restricted Certificated Warrant, by accepting the same, agrees not to sell, assign, transfer or pledge any Warrants represented by a Global Restricted Warrant or a Restricted Certificated Warrant or any New Common Stock issued upon any exercise of
any such Warrants (collectively “Restricted Securities”) except upon satisfaction of the conditions specified in this Section 2.07, which conditions are intended to ensure compliance with the provisions of the
Securities Act and any applicable state securities laws. Each Warrantholder beneficially owning any Restricted Securities will cause any proposed purchaser, assignee, transferee or pledge of the Restricted Securities to agree to take and hold such
securities subject to the provisions and conditions specified in this Section 2.07. Each certificate representing Restricted Securities shall be stamped or otherwise imprinted with the Restricted Warrant Legend. 

(b) Prior to any proposed transfer (including any transfer by means of exercising Warrants in such a manner as to cause the New Common
Stock to be registered in the name of another holder), sale, assignment or pledge of any such Restricted Securities, unless there is in effect a registration statement under the Securities Act covering the proposed transfer, sale, assignment or
pledge the holder thereof shall give written notice to the Company of such 
  

 11 

 
holder’s intention to effect such transfer, sale, assignment or pledge. Each such notice shall describe the manner and circumstances of the proposed transfer, sale, assignment or pledge in
sufficient detail and shall be accompanied, at such holder’s expense, by a written opinion of legal counsel (who shall be, and whose legal opinion shall be, reasonably satisfactory to the Company) addressed to the Company to the effect that the
proposed transfer of the securities may be effected without registration under the Securities Act and is in compliance with applicable state securities laws. 

(c) At the request of the Warrantholder, an interest in a Global Restricted Warrant and a Restricted Certificated Warrant may be
transformed into an interest in a Global Unrestricted Warrant and a Certificated Warrant, as applicable, based upon a written opinion of legal counsel (who shall be, and whose legal opinion shall be, reasonably satisfactory to the Company) addressed
to the Company to the effect that a proposed transfer of the securities may be effected without registration under the Securities Act and is in compliance with applicable state securities laws. Upon receipt of written approval from the Company, the
Warrant Agent shall cause such transformation to be consummated in accordance with the terms of this Section 2.07(c). 

(d) No Warrants, or shares of New Common Stock issuable upon exercise of the Warrants, shall be sold, exchanged or otherwise transferred
in violation of the Securities Act or applicable state securities laws. 
 Article 3 

Exercise and Settlement of Warrants 

Section 3.01 Exercise of Warrants. At any time prior to 5:00 p.m., New York City time, on the Expiration Date, a
Warrantholder shall be entitled to exercise, in accordance with this Article 3, the full Number of Warrants represented by any Warrant Certificate then registered in such Warrantholder’s name (which may include fractional Warrants) or
any portion thereof (which shall not include any fractional Warrants). Any Warrants not exercised prior to such time shall expire unexercised and all rights thereunder and all rights in respect thereof under this Warrant Agreement shall cease as of
the Expiration Date. 
 Section 3.02 Procedure for Exercise. 

(a) To exercise a Warrant (i) in the case of a Certificated Warrant, the Warrantholder must (x) surrender the Warrant
Certificate evidencing such Warrant at the principal office of the Warrant Agent (or successor warrant agent), (y) deliver the Exercise Notice set forth on the reverse of the Warrant Certificate duly completed and executed at the principal
office of the Warrant Agent (or successor warrant agent), together with any applicable transfer taxes as set forth in Section 6.01(b), and (z) in the event the exercising Warrantholder does not elect for Net Share Settlement in
accordance with Section 3.03, pay to the Warrant Agent (or successor warrant agent) the Exercise Price (determined as of such Exercise Date) by federal wire, as coordinated in conjunction with the Warrant Agent, or other immediately
available funds payable to the order of the Company to the account maintained by the Warrant Agent and notified to the Warrantholder in accordance with Section 6.16 or (ii) in the case of a

  

 12 

 
Global Warrant, the Warrantholder must (x) comply with the procedures established by the Depositary for the exercise of Warrants and (y) in the event the exercising Warrantholder does
not elect for Net Share Settlement in accordance with Section 3.03, pay to the Warrant Agent (or successor warrant agent) an amount equal to the Exercise Price as provided in (i)(z) above. 

(b) The date on which a Warrantholder complies with the requirements for exercise set forth in this Section 3.02 in respect
of a Warrant is the “Exercise Date” for such Warrant. However, if such date is not a Trading Day or the Warrantholder satisfies such requirements after the Close of Business on a Trading Day, then the Exercise Date shall be the
immediately succeeding Trading Day, unless that Trading Day falls after the Expiration Date, in which case the Exercise Date shall be the immediately preceding Trading Day (it being understood that in no event shall an Exercise Date occur following
the Expiration Date). 
 (c) Any exercise of a Warrant pursuant to the terms of this Warrant Agreement shall be irrevocable and
shall constitute a binding agreement between the holder and the Company, enforceable in accordance with its terms. 
 (d) The
Company acknowledges that the bank accounts maintained by Computershare in connection with the services provided under this Agreement will be in its name and that Computershare may receive investment earnings in connection with the investment at
Computershare risk and for its benefit of funds held in those accounts from time to time. Neither the Company nor the Warrantholders will receive interest on any deposits or Exercise Price. 

Section 3.03 Settlement of Warrants. 

(a) Full Physical Settlement shall apply to each Warrant unless the Warrantholder elects for Net Share Settlement to apply upon exercise
of such Warrant. Such election shall be made (i) in the case of a Certificated Warrant, in the Exercise Notice for such Warrant, or (ii) in the case of a Global Warrant, in accordance with the procedures established by the Depositary for
the exercise of Warrants. 
 (b) If Full Physical Settlement is applicable with respect to the exercise of a Warrant, then, for
each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company shall cause to be delivered to the Warrantholder one share of New Common Stock (the “Full Physical Share Amount”), together with Cash in respect
of any fractional Warrant as provided in Section 3.05. All funds received by the Warrant Agent upon exercise of such Warrant shall be deposited by the Warrant Agent for the account of the Company in accordance with account instructions
previously provided to the Warrant Agent by the Company in writing. 
 (c) If Net Share Settlement is applicable with respect to
the exercise of a Warrant, then, for each Warrant exercised hereunder, on the Settlement Date for such Warrant, the Company shall cause to be delivered to the Warrantholder a number of shares of New Common Stock (which in no event will be less than
zero) (the “Net Share Amount”) equal to (i) the Closing Sale Price as of the relevant Exercise Date, minus the Exercise Price (determined as of such Exercise Date), divided by (ii) such Closing Sale Price, together with
Cash in respect of any fractional shares of New Common Stock or fractional Warrants as provided in Section 3.05. 
  

 13 

 Section 3.04 Delivery of New Common Stock. 

(a) In connection with the delivery of shares of New Common Stock to an exercising Warrantholder pursuant to Section 3.03(b)
or Section 3.03(c), as the case may be, the Warrant Agent shall: 
 (1) inform the Company, within
one Business Day, or as promptly as practicable within reasonable time, following the satisfaction by the exercising Warrantholder of each of the applicable procedures for exercise set forth in Section 3.02(a), of the number of shares of New
Common Stock underlying the Warrants which were exercised; 
 (2) promptly deliver or deposit all funds delivered
to the Warrant Agent upon exercise of any Warrant(s) by bank wire transfer to an account designated by the Company or as the Warrant Agent may be directed in writing by the Company; 

(3) on the Settlement Date, or as promptly as practicable within reasonable time, deliver Cash to such Warrantholder in
respect of any fractional shares of New Common Stock or fractional Warrants, as provided in Section 3.05; 

(4) promptly cancel all Warrant Certificates surrendered to the Warrant Agent, destroy all such cancelled Warrant
Certificates and deliver a certificate of destruction to the Company, unless the Company shall otherwise direct; and 

(5) if the Number of Warrants represented by a Certificated Warrant shall not have been exercised in full, deliver a new
Warrant Certificate, countersigned by the Warrant Agent, for the balance of the number of Warrants represented by the surrendered Warrant Certificate. 

(b) If such shares of New Common Stock are in book-entry form at the Depositary, the Company shall (or shall cause its transfer agent to)
deliver such shares of New Common Stock by electronic transfer to such exercising Warrantholder’s account, or any other account as such exercising Warrantholder may designate, at the Depositary or at an Agent Member. If such shares of New
Common Stock are not in book-entry form at the Depositary, the Company shall (or shall cause its transfer agent to) deliver to or upon the order of such exercising Warrantholder a certificate or certificates, in each case with legends thereon as
appropriate (as determined by the Company) and for the number of full shares of New Common Stock to which such exercising Warrantholder is entitled, registered in such name or names as may be directed by such exercising Warrantholder. 

(c) Each Person in whose name any shares of New Common Stock are issued shall for all purposes be deemed to have become the holder of
record of such shares as of the Exercise Date or, in the case of a Warrant subject to Full Physical Settlement only, the date of payment by the Warrantholder of the Exercise Price in accordance with Section 3.03(b), if later. However, if
any such date is a date when the stock transfer books of the Company are closed, such Person shall be deemed to have become the holder of such shares at the Close of Business on the next succeeding date on which the stock transfer books are open.

  

 14 

 (d) Promptly after the Warrant Agent shall have taken the action required by
Section 3.04 (or at such later time as may be mutually agreeable to the Company and the Warrant Agent), the Warrant Agent shall account to the Company with respect to any Warrants exercised (including, without limitation, with respect to
any Exercise Price paid to the Warrant Agent). The Company shall reimburse the Warrant Agent for any amounts paid by the Warrant Agent in respect of a fractional share of New Common Stock or fractional Warrant upon such exercise in accordance with
Section 3.05 hereof. 
 Section 3.05 No Fractional Shares to Be Issued. 

(a) Notwithstanding anything to the contrary in this Warrant Agreement, the Company shall not be required to issue any fraction of a
Warrant or of a share of New Common Stock upon exercise of any Warrants. 
 (b) If any fraction of a Warrant shall be exercised
hereunder, the Company shall pay the relevant Warrantholder Cash in lieu of the corresponding fraction of a share of New Common Stock valued at the Closing Sale Price on the Exercise Date in excess of the corresponding fraction of the Exercise
Price. However, if more than one Warrant shall be exercised hereunder at one time by the same Beneficial Holder or holder of a Certificated Warrant, the number of full shares which shall be issuable upon exercise thereof shall be computed on the
basis of all Warrants (including any fractional Warrants) so exercised. If any fraction of a share of New Common Stock would, except for the provisions of this Section 3.05, be issuable on the exercise of any Warrant or Warrants
(including any fractional Warrants), the Company shall pay the Beneficial Holder or holder of the Certificated Warrant Cash in lieu of such fractional shares valued at the Closing Sale Price on the Exercise Date. 

(c) Each Warrantholder, by its acceptance of a Warrant Certificate, expressly waives its right to receive any fraction of a share of New
Common Stock or a stock certificate representing a fraction of a share of New Common Stock. 
 Section 3.06 Acquisition
of Warrants by Company. The Company shall have the right, except as limited by law, to purchase or otherwise to acquire Warrants at such times, in such manner and for such consideration as it may deem appropriate and shall have agreed with the
holder of such Warrants. 
 Section 3.07 Obligations of the Warrant Agent. The Warrant Agent shall: 

(a) examine all Exercise Notices and all other documents delivered to it by or on behalf of holders to ascertain whether, on their face,
such Exercise Notices and any such other documents have been executed and completed in accordance with their terms; 
 (b) where
an Exercise Notice or other document appears on its face to have been improperly completed or executed or some other irregularity in connection with the exercise of the Warrant exists, the Warrant Agent shall endeavor to inform the appropriate
parties (including the person submitting such instrument) of the need for fulfillment of all requirements, specifying those requirements which appear to be unfulfilled; 
  

 15 

 (c) inform the Company of and cooperate with and assist the Company in resolving any
reconciliation problems between the Exercise Notices received and delivery of Warrants to the Warrant Agent’s account; 

(d) advise the Company of (x) the instructions with respect to delivery of the shares of New Common Stock deliverable upon such
exercise, subject to the timely receipt from the Depositary of the necessary information, and (y) such other information as the Company shall reasonably require; and 

(e) provide to the Company, upon the Company’s request, the number of Warrants previously exercised, the number of shares of New
Common Stock issued in connection with such exercises and the number of remaining Warrants. 
 Section 3.08 Validity of
Exercise. All questions as to the validity, form and sufficiency (including time of receipt) of a Warrant exercise shall be determined by the Company in its sole discretion, which determination shall be final and binding with respect to the
Warrant Agent. The Warrant Agent shall incur no liability for or in respect of and, except to the extent such liability arises from the Warrant Agent’s negligence, willful misconduct or bad faith, shall be indemnified and held harmless by the
Company for acting or refraining from acting upon, or as a result of such determination by the Company. The Company reserves the absolute right to waive any of the conditions to the exercise of Warrants or defects in Exercise Notices with regard to
any particular exercise of Warrants. 
 Section 3.09 Direction of Warrant Agent. 

(a) The Company shall be responsible for performing all calculations required in connection with the exercise and settlement of the
Warrants and the payment or delivery, as the case may be, of Cash and/or New Common Stock as described in this Article 3. In connection therewith, the Company shall provide prompt written notice to the Warrant Agent of the amount of Cash and
the number of shares of New Common Stock payable or deliverable, as the case may be, upon exercise and settlement of the Warrants, including, without limitation, the Net Share Amount and the Full Physical Share Amount. 

(b) Any Cash to be paid, or New Common Stock to be delivered, to the Warrantholders hereunder shall be delivered to the Warrant Agent by
the Company (or, in the case of New Common Stock, by the transfer agent) no later than the Business Day immediately preceding the date, or as promptly as practicable within a reasonable time, such consideration is required to be delivered to the
Warrantholders. 
 (c) The Warrant Agent shall have no liability for any failure or delay in performing its duties hereunder
caused by any failure or delay of the Company in providing such calculations or items to the Warrant Agent. The Warrant Agent shall not be accountable with respect to the validity or value (or the kind or amount) of any shares of New Common Stock or
Units of Reference Property that may at any time be issued or delivered upon the exercise of any Warrant, and it makes no representation with respect thereto. The Warrant Agent shall not be 

 

 16 

 
responsible, to the extent not arising from the Warrant Agent’s negligence, willful misconduct or bad faith, for any failure of the Company to make any Cash payment or to issue, transfer or
deliver any shares of New Common Stock or stock certificates or Units of Reference Property, or to comply with any of the covenants of the Company contained in this Article 3. 

Article 4 

Adjustments 

Section 4.01 Adjustments to Exercise Price. The Exercise Price for the Warrants shall be subject to adjustment (without
duplication) upon the occurrence of any of the following events: 
 (a) The issuance of New Common Stock as a dividend or
distribution to all holders of New Common Stock, or a subdivision, combination or reclassification of the outstanding shares of New Common Stock into a greater or smaller number of shares, in which event the Exercise Price shall be adjusted based on
the following formula: 
  

					
	E1 = E
0 x	 	
    
N0    
	 	
	 	    
N1    	 	
			
	where:	 		 	

  

					
	E1
	 	=	  	the Exercise Price in effect immediately after the Open of Business on (i) the Ex-Date in the case of a dividend or distribution or (ii) the effective date in the case of a
subdivision, combination or reclassification;
			
	E0
	 	=	  	the Exercise Price in effect immediately prior to the Open of Business on (i) the Ex-Date in the case of a dividend or distribution or (ii) the effective date in the case of a
subdivision, combination or reclassification;
			
	N0
	 	=	  	the number of shares of New Common Stock outstanding immediately prior to the Open of Business on (i) the Ex-Date in the case of a dividend or distribution or (ii) the effective
date in the case of a subdivision, combination or reclassification; and
			
	N1
	 	=	  	the number of shares of New Common Stock equal to (i) in the case of a dividend or distribution, the sum of the number of shares outstanding immediately prior to the Open of
Business on the Ex-Date for such dividend or distribution plus the total number of shares issued pursuant to such dividend or distribution or (ii) in the case of a subdivision, combination or reclassification, the number of shares outstanding
immediately after such subdivision, combination or reclassification.

 Such adjustment shall become effective immediately after
the Open of Business on (i) the Ex-Date in the case of a dividend or distribution or (ii) the effective date in the case of a subdivision, combination or reclassification. If any dividend or distribution or subdivision, combination or

  

 17 

 
reclassification of the type described in this Section 4.01(a) is declared or announced but not so paid or made, the Exercise Price shall again be adjusted to the Exercise Price that
would then be in effect if such dividend or distribution or subdivision, combination or reclassification had not been declared or announced, as the case may be. 

(b) The issuance to all holders of New Common Stock of shares of New Common Stock (or Convertible Securities) at an Effective
Consideration per share that is below the Closing Sale Price of a share of New Common Stock on the Trading Day immediately preceding the date of the announcement of such issuance, in which event the Exercise Price will be adjusted based on the
following formula: 
  

					
	  

E1 = E
0 x
	 	
N0
 + C/M 
	 	
	 	 N0
 + 
NA 
	 	
			
	where:	 		 	

  

					
	E1
	  	=	  	the Exercise Price in effect immediately after the Open of Business on the Ex-Date for such issuance;
			
	E0
	  	=	  	the Exercise Price in effect immediately prior to the Open of Business on the Ex-Date for such issuance;
			
	N0
	  	=	  	the number of shares of New Common Stock outstanding immediately prior to the Open of Business on the Ex-Date for such issuance;
			
	NA
	  	=	  	the number of shares of New Common Stock issued and, if applicable, issuable upon exercise, conversion or exchange of any Convertible Securities assuming full physical settlement;

			
	C	  	=	  	the total consideration receivable by the Company on issuance and, if applicable, the exercise, conversion or exchange of any Convertible Securities assuming Full Physical
Settlement; and
			
	M	  	=	  	the Closing Sale Price of a share of New Common Stock on the Trading Day immediately preceding the date of the announcement of such issuance.

Such adjustment shall become effective immediately after the Open of Business on the Ex-Date for such issuance. In the event that an issuance of such New
Common Stock or Convertible Securities is announced but such New Common Stock or Convertible Securities are not so issued, the Exercise Price shall again be adjusted to be the Exercise Price that would then be in effect if the Ex-Date for such
issuance had not occurred. To the extent that any Convertible Securities are not exercised prior to their expiration or shares of New Common Stock are otherwise not delivered upon exercise of such Convertible Securities, upon the expiration,
termination or maturity of such Convertible Securities, the Exercise Price shall be readjusted to the Exercise Price that would then be in effect had the adjustments made upon the issuance of such Convertible Securities been made on the basis of the
delivery of only the number of shares 
  

 18 

 
of New Common Stock actually delivered. Except as set forth in the preceding two sentences, if the application of this clause (b) to any issuance would result in an increase in the Exercise
Price, no adjustment shall be made for such issuance under this clause (b). An Exercise Price adjustment will not be applicable to any issuance of shares of New Common Stock upon exercise, exchange or conversion of any Convertible Securities if the
Exercise Price was fully and properly adjusted at the time the Convertible Securities were issued or if no such adjustment was required hereunder at the time the Convertible Securities were issued. 

(c) The issuance of shares of New Common Stock (or Convertible Securities) at an Effective Consideration that is less than the Exercise
Price in effect immediately prior to the Open of Business on the date of such issuance, in which event the Exercise Price will be adjusted based on the following formula: 

 

															
	E1 = E
0 x 	 	
N0
 + 
C/E0
	  		  		  		  		  		  	
	 	N0 + N
A	  		  		  		  		  		  	

 where: 
  

					
	E1
	 	=	  	the Exercise Price in effect immediately after the Open of Business on the date of such issuance;
			
	E0
	 	=	  	the Exercise Price in effect immediately prior to the Open of Business on the date of such issuance;
			
	N0
	 	=	  	the number of shares of New Common Stock outstanding immediately prior to the Open of Business on the date of such issuance;
			
	NA
	 	=	  	the number of shares of New Common Stock issued and, if applicable, issuable upon exercise, conversion or exchange of any Convertible Securities assuming Full Physical
Settlement; and
			
	C	 	=	  	the total consideration receivable by the Company on issuance and, if applicable, the exercise, conversion or exchange of any Convertible Securities assuming Full Physical
Settlement.

 Such adjustment shall become effective immediately after the Open of Business on the date of such issuance. In the
event that an issuance of such New Common Stock or Convertible Securities is announced but such New Common Stock or Convertible Securities are not so issued, the Exercise Price shall again be adjusted to be the Exercise Price that would then be in
effect if the issuance had not occurred. To the extent that such Convertible Securities are not exercised prior to their expiration or shares of New Common Stock are otherwise not delivered pursuant to such Convertible Securities, upon the
expiration, termination or maturity of such Convertible Securities, the Exercise Price shall be readjusted to the Exercise Price that would then be in effect had the adjustments made upon the issuance of such Convertible Securities been made on the
basis of the delivery of only the number of shares of New Common Stock actually delivered. Except as set forth in the preceding two sentences, if the application of this clause (c) to any issuance would result in an increase in the Exercise
Price, no adjustment shall be made for 
  

 19 

 
such issuance under this clause (c). An Exercise Price adjustment will not be applicable to any issuance of shares of New Common Stock upon exercise, exchange or conversion of any Convertible
Securities if the Exercise Price was fully and properly adjusted at the time the Convertible Securities were issued or if no such adjustment was required hereunder at the time the Convertible Securities were issued. 

(d) The issuance as a dividend or distribution to all holders of New Common Stock of evidences of indebtedness, shares of capital stock
or other securities, cash or other property (excluding any dividend or distribution covered by Section 4.01(a) or Section 4.01(b)), in which event the Exercise Price will be adjusted based on the following formula:

  

															
	E1 = E
0 x 	 	 M - FMV
	  		  		  		  		  		  	
	 	M	  		  		  		  		  		  	

 where: 
  

					
	E1
	 	=	  	the Exercise Price in effect immediately after the Open of Business on the Ex-Date for such dividend or distribution;
			
	E0
	 	=	  	the Exercise Price in effect immediately prior to the Open of Business on the Ex-Date for such dividend or distribution;
			
	M	 	=	  	the Closing Sale Price of a share of New Common Stock on the Trading Day immediately preceding the Ex-Date for such dividend or distribution; and
			
	FMV	 	=	  	the fair value of the portion of such dividend or distribution applicable to one share of New Common Stock on the Trading Day immediately preceding the Ex-Date for such dividend
or distribution as determined by the Board of Directors.

 Such decrease shall become effective immediately after the Open of
Business on the Ex-Date for such dividend or distribution. In the event that such dividend or distribution is declared or announced but not so paid or made, the Exercise Price shall again be adjusted to be the Exercise Price which would then be in
effect if such distribution had not been declared or announced. 
 However, if the transaction that gives rise to an adjustment
pursuant to this Section 4.01(d) is one pursuant to which the payment of a dividend or other distribution on New Common Stock consists of shares of capital stock of, or similar equity interests in, a subsidiary of the Company or other
business unit of the Company (i.e., a spin-off) that are, or, when issued, will be, traded or quoted on the New York Stock Exchange or any other national or regional securities exchange or market, then the Exercise Price will instead be adjusted
based on the following formula: 
  

															
	E1 = E
0 x 	 	
M0

	  		  		  		  		  		  	
	 	M0 + FMV
0	  		  		  		  		  		  	

  

 20 

 where: 
  

					
	E1
	 	=	  	the Exercise Price in effect immediately after the Open of Business on the Ex-Date for such dividend or distribution;
			
	E0
	 	=	  	the Exercise Price in effect immediately prior to the Open of Business on the Ex-Date for such dividend or distribution;
			
	FMV0
	 	=	  	the average of the Closing Sale Prices of the capital stock or similar equity interests distributed to holders of New Common Stock applicable to one share of New Common Stock
over the 10 consecutive Trading Days commencing on, and including, the third Trading Day following the effective date of such spin-off (the “Valuation Period”); and
			
	M0
	 	=	  	the average of the Closing Sale Prices of the New Common Stock over the Valuation Period for such dividend or distribution.

Such decrease shall be made immediately after the Close of Business on the last Trading Day of the Valuation Period for such dividend or distribution,
but shall be given effect immediately after the Open of Business on the Ex-Date for such dividend or distribution; provided that in respect of any exercise during the Valuation Period, references to 10 consecutive Trading Days in the definition of
Valuation Period shall be deemed replaced with such lesser number of Trading Days as have elapsed commencing on, and including, the third Trading Day following the effective date of such spin-off and the Exercise Date in determining the applicable
Exercise Price. In the event that such dividend or distribution is declared or announced but not so paid or made, the Exercise Price shall again be adjusted to be the Exercise Price which would then be in effect if such distribution had not been
declared or announced. 
 (e) The payment in respect of any tender offer or exchange offer by the Company for New Common Stock,
where the cash and fair value of any other consideration included in the payment per share of the New Common Stock exceeds the Closing Sale Price of a share of New Common Stock on the Trading Day immediately following the expiration date of the
tender or exchange offer (the “Offer Expiration Date”), in which event the Exercise Price will be adjusted based on the following formula: 
  

															
	E1 = E
0 x 	 	
N0
 x P
	  		  		  		  		  		  	
	 	A + (P x 
N1)	  		  		  		  		  		  	

 where: 
  

					
	E1
	 	=	  	the Exercise Price in effect immediately after the Close of Business on the Offer Expiration Date;
			
	E0
	 	=	  	the Exercise Price in effect immediately prior to the Close of Business on the Offer Expiration Date;

 

 21 

					
			
	N0
	 	=	  	the number of shares of New Common Stock outstanding immediately prior to the expiration of the tender or exchange offer (prior to giving effect to the purchase or exchange of
shares);
			
	N1
	 	=	  	the number of shares of New Common Stock outstanding immediately after the expiration of the tender or exchange offer (after giving effect to the purchase or exchange of shares);

			
	A	 	=	  	the aggregate cash and fair value of any other consideration payable for shares of New Common Stock purchased in such tender offer or exchange offer; and
			
	P	 	=	  	the Closing Sale Price of a share of New Common Stock on the Trading Day immediately following the Offer Expiration Date.

An adjustment, if any, to the Exercise Price pursuant to this clause (e) shall become effective immediately after the Close of Business on the Offer
Expiration Date. In the event that the Company or a subsidiary of the Company is obligated to purchase shares of Common Stock pursuant to any such tender offer or exchange offer, but the Company or such subsidiary is permanently prevented by
applicable law from effecting any such purchases, or all such purchases are rescinded, then the Exercise Price shall again be adjusted to be the Exercise Price which would then be in effect if such tender offer or exchange offer had not been made.
Except as set forth in the preceding sentence, if the application of this clause (e) to any tender offer or exchange offer would result in an increase in the Exercise Price, no adjustment shall be made for such tender offer or exchange offer
under this clause (e). 
 (f) If any single action would require adjustment of the Exercise Price pursuant to more than one
subsection of this Section 4.01, only one adjustment shall be made and such adjustment shall be the amount of adjustment that has the highest, relative to the rights and interests of the registered holders of the Warrants then
outstanding, absolute value. 
 (g) The Company may from time to time, to the extent permitted by law and subject to applicable
rules of the principal U.S. national securities exchange on which the New Common Stock is then listed, decrease the Exercise Price and/or increase the Number of Warrants for each Warrant Certificate by any amount for any period of at least 20 days.
In that case, the Company shall give the Warrantholders at least 10 days’ prior notice of such increase or decrease, and such notice shall state the decreased Exercise Price and/or increased Number of Warrants for each Warrant Certificate and
the period during which the decrease and/or increase will be in effect. The Company may make such decreases in the Exercise Price and/or increases in the Number of Warrants for each Warrant Certificate, in addition to those set forth in this
Article 4, as the Company’s Board of Directors deems advisable, including to avoid or diminish any income tax to holders of the Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any
event treated as such for income tax purposes. 
 (h) Notwithstanding this Section 4.01 or any other provision of
this Warrant Agreement or the Warrants, if an Exercise Price adjustment becomes effective on any Ex-Date, and a holder that has exercised its Warrants on or after such Ex-Date and on or prior to the

  

 22 

 
related Record Date would be treated as the record holder of the New Common Stock on or prior to the Record Date, then, notwithstanding the Exercise Price adjustment provisions in this
Section 4.01, the Exercise Price adjustment relating to such Ex-Date will not be made for such exercising holder. Instead, such holder will be treated as if such holder were the record owner of shares of New Common Stock on an
un-adjusted basis and participate in the related dividend, distribution or other event giving rise to such adjustment. 

Section 4.02 Adjustments to Number of Warrants. Concurrently with any adjustment to the Exercise Price under
Section 4.01, the Number of Warrants for each Warrant Certificate will be adjusted such that the Number of Warrants for each such Warrant Certificate in effect immediately following the effectiveness of such adjustment will be equal to
the Number of Warrants for each such Warrant Certificate in effect immediately prior to such adjustment, multiplied by a fraction, (i) the numerator of which is the Exercise Price in effect immediately prior to such adjustment and (ii) the
denominator of which is the Exercise Price in effect immediately following such adjustment. 
 Section 4.03 Certain
Distributions of Rights and Warrants. 
 (a) Rights or warrants distributed by the Company to all holders of New Common
Stock entitling the holders thereof to subscribe for or purchase shares of the Company’s Capital Stock (either initially or under certain circumstances), which rights or warrants, until the occurrence of a specified event or events (a
“Trigger Event”): 
 (1) are deemed to be transferred with such shares of New Common Stock;

 (2) are not exercisable; and 

(3) are also issued in respect of future issuances of New Common Stock, 

shall be deemed not to have been distributed for purposes of Article 4 (and no adjustment to the Exercise Price or the Number of Warrants under
this Article 4 will be made) until the occurrence of the earliest Trigger Event, whereupon such rights and warrants shall be deemed to have been distributed and an appropriate adjustment (if any is required) to the Exercise Price and the
Number of Warrants for each Warrant Certificate shall be made under this Article 4 (subject in all respects to Section 4.04). 

(b) If any such right or warrant is subject to events, upon the occurrence of which such rights or warrants become exercisable to
purchase different securities, evidences of indebtedness or other assets, then the date of the occurrence of any and each such event shall be deemed to be the date of distribution and Record Date with respect to new rights or warrants with such
rights (subject in all respects to Section 4.04). 
 (c) In addition, except as set forth in
Section 4.04, in the event of any distribution (or deemed distribution) of rights or warrants, or any Trigger Event or other event (of the type described in Section 4.03(b)) with respect thereto that was counted for purposes
of calculating a distribution amount for which an adjustment to the Exercise Price and the Number of Warrants for each Warrant Certificate under Article 4 was made (including any adjustment contemplated in Section 4.04):

 (1) in the case of any such rights or warrants that shall all have been redeemed or repurchased without
exercise by the holders thereof, the Exercise Price and the Number of Warrants for each Warrant Certificate shall be readjusted upon such final redemption or repurchase to give effect to such distribution or Trigger Event, as the case may be, as
though it were a distribution under Section 4.01(d), equal to the per share redemption or repurchase price received by a holder or holders of New Common Stock with respect to such rights or warrants (assuming such holder had retained
such rights or warrants), made to all holders of New Common Stock as of the date of such redemption or repurchase; and 
  

 23 

 (2) in the case of such rights or warrants that shall have expired or been
terminated without exercise by the holders thereof, the Exercise Price and the Number of Warrants for each Warrant Certificate shall be readjusted as if such rights and warrants had not been issued. 

Section 4.04 Shareholder Rights Plans. If the Company has a shareholder rights plan in effect with respect to the New Common
Stock, upon exercise of a Warrant the holder shall be entitled to receive, in addition to the share of New Common Stock, the rights under such shareholder rights plan, unless, prior to such exercise, such rights have separated from the New Common
Stock, in which case the Exercise Price and the Number of Warrants for each Warrant Certificate shall be adjusted at the time of separation as if the Company had made a distribution to all holders of New Common Stock as described in the first
paragraph of Section 4.01(d), subject to readjustment in the event of the expiration, termination or redemption of such rights. 

Section 4.05 Restrictions on Adjustments. 

(a) Except in accordance with Section 4.01, the Exercise Price and the Number of Warrants for any Warrant Certificate will
not be adjusted for the issuance of New Common Stock or any securities convertible into or exchangeable for New Common Stock. 

(b) Neither the Exercise Price nor the Number of Warrants for any Warrant Certificate will be adjusted: 

(1) upon the issuance of any securities by the Company on the Closing Date of the Plan and pursuant to the Plan and upon
the issuance of shares of New Common Stock upon the exercise of such securities; 
 (2) upon the issuance of any
shares of New Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on the Company’s securities and the investment of additional optional amounts in shares of New Common Stock under
any plan; 
 (3) upon the issuance of Convertible Securities or shares of New Common Stock to employees,
officers, directors or consultants of the Company or its subsidiaries pursuant to management or director incentive plans or stock or stock option 

 

 24 

 
compensation plans as in effect on the Closing Date or approved by the affirmative vote of a majority of the Board of Directors after the Closing Date, including, but not limited to, any
employment, severance or consulting agreements, or the issuance of shares of New Common Stock upon the exercise of such Convertible Securities; 

(4) for a change in the par value of the New Common Stock. 

(c) In no event will the Company adjust the Exercise Price or make a corresponding adjustment to the Number of Warrants for any Warrant
Certificate to the extent that the adjustment would reduce the Exercise Price below the par value per share of New Common Stock. 

(d) No adjustment shall be made to the Exercise Price or the Number of Warrants for any Warrant Certificate for any of the transactions
described in Section 4.01 if the Company makes provisions for Warrantholders to participate in any such transaction without exercising their Warrants on the same basis as holders of New Common Stock on a full physical settlement basis
and with notice that the Board of Directors determines in good faith to be fair and appropriate. 
 (e) No adjustment shall be
made to the Exercise Price, nor will any corresponding adjustment be made to the Number of Warrants for any Warrant Certificate, unless the adjustment would result in a change of at least 1% of the Exercise Price; provided, however, that any
adjustment of less than 1% that was not made by reason of this Section 4.05(e) shall be carried forward and made as soon as such adjustment, together with any other adjustments not previously made by reason of this
Section 4.05(e), would result in a change of at least 1% in the aggregate. All calculations under this Article 4 shall be made to the nearest cent or to the nearest 1/100th of a share, as the case may be. 

(f) If the Company takes a record of the holders of New Common Stock for the purpose of entitling them to receive a dividend or other
distribution, and thereafter (and before the dividend or distribution has been paid or delivered to stockholders) legally abandons its plan to pay or deliver such dividend or distribution, then thereafter no adjustment to the Exercise Price or the
Number of Warrants for any Warrant Certificate then in effect shall be required by reason of the taking of such record. 

Section 4.06 Deferral of Adjustments. In any case in which Section 4.01 provides that an adjustment shall become
effective immediately after (a) the Open of Business on the Ex-Date for an event, (b) on the Open of Business on the effective date (in the case of a subdivision, combination or reclassification of the New Common Stock) or (c) the
Offer Expiration Date for any tender or exchange offer pursuant to Section 4.01(e) (each a “Determination Date”), the Company may elect to defer, until the later of the date the adjustment to the Exercise Price and
Number of Warrants for each Warrant Certificate can be definitively determined and the occurrence of the applicable Adjustment Event (as hereinafter defined), (i) issuing to the Warrantholder of any Warrant exercised after such Determination
Date and before the occurrence of such Adjustment Event, the additional shares of New Common Stock or other securities or assets issuable upon such exercise by reason of the adjustment required by such Adjustment Event over and above the New Common
Stock issuable upon such exercise before giving effect 
  

 25 

 
to such adjustment and (ii) paying to such Warrantholder any amount in Cash in lieu of any fractional share of New Common Stock or fractional Warrant pursuant to Section 3.05.
For the purposes of this Section 4.06, the term “Adjustment Event” shall mean, in any case referred to in clause (a) or clause (b) hereof, the occurrence of such event, and in any case referred to in clause
(c) hereof, the date a sale or exchange of New Common Stock pursuant to such tender or exchange offer is consummated and becomes irrevocable. 

Section 4.07 Successor upon Consolidation, Merger and Sale of Assets. 

(a) The Company may, without the consent of the Warrantholders, consolidate or merge with, or sell, lease, convey or otherwise transfer
in one transaction or a series of related transactions all or substantially all of the consolidated assets of the Company and its subsidiaries to, any other Person (a “Fundamental Change”) so long as the Company is the surviving
corporation, or, in the event that the Company is not the surviving corporation: 
 (1) the successor to the
Company assumes all of the Company’s obligations under this Warrant Agreement and the Warrants; and 
 (2)
the successor to the Company provides written notice of such assumption to the Warrant Agent. 
 (b) In case of any such
Fundamental Change, such successor entity shall succeed to and be substituted for the Company with the same effect as if it had been named herein as the Company. Such successor entity thereupon may cause to be signed, and may issue any or all of the
Warrants issuable pursuant to this Warrant Agreement which theretofore shall not have been signed by the Company; and, upon the order of such successor entity, instead of the Company, and subject to all the terms, conditions and limitations in this
Warrant Agreement prescribed, the Warrant Agent shall authenticate and deliver, as applicable, any Warrants that previously shall have been signed and delivered by the officers of the Company to the Warrant Agent for authentication, and any Warrants
which such successor entity thereafter shall cause to be signed and delivered to the Warrant Agent for such purpose. 

Section 4.08 Adjustment upon Reorganization Event. 

(a) If there occurs any Fundamental Change or any recapitalization, reclassification, change in the outstanding shares of New Common
Stock (other than changes resulting from a subdivision or combination to which Section 4.01(a) applies) or statutory share exchange (each such event a “Reorganization Event”), in each case as a result of which the New
Common Stock would be converted into, or exchanged for, stock, other securities, other property or assets (including cash or any combination thereof) (the “Reference Property”), then following the effective time of the
Reorganization Event, the right to receive shares of New Common Stock upon exercise of a Warrant shall be changed to a right to receive, upon exercise of such Warrant, the kind and amount of shares of stock, other securities or other property or
assets (including cash or any combination thereof) that a holder of one share of New Common Stock would have owned or been entitled to receive in connection with such Reorganization Event (such kind and amount of Reference Property per share of New
Common Stock, a “Unit of Reference Property”). In the event holders of New Common Stock have the opportunity to 

 

 26 

 
elect the form of consideration to be received in a Reorganization Event, the type and amount of consideration into which the Warrants shall be exercisable from and after the effective time of
such Reorganization Event shall be deemed to be the weighted average of the types and amounts of consideration received by the holders of New Common Stock in such Reorganization Event. The Company hereby agrees not to become a party to any
Reorganization Event unless its terms are consistent with this Section 4.08. 
 (b) At any time from, and including,
the effective time of a Reorganization Event: 
 (1) if Full Physical Settlement applies upon exercise of a
Warrant, the Full Physical Share Amount per Warrant shall be equal to a single Unit of Reference Property; 
 (2)
if Net Share Settlement applies upon exercise of a Warrant, the Net Share Amount per Warrant shall be a number of Units of Reference Property calculated as set forth in Section 3.03(c), except that the Closing Sale Price used to
determine such Net Share Amount on any Trading Day shall be the Unit Value for such Trading Day; 
 (3) the
Company shall pay Cash in lieu of delivering any fraction of a Unit of Reference Property or any fractional Warrant in accordance with Section 3.05 based on the Unit Value as of the Exercise Date; and 

(4) the Closing Sale Price shall be calculated with respect to a Unit of Reference Property. 

(c) The value of a Unit of Reference Property (the “Unit Value”) shall be determined as follows: 

(1) any shares of common stock of the successor or purchasing corporation or any other corporation that are traded on a
national or regional stock exchange included in such Unit of Reference Property shall be valued as if such shares were “New Common Stock” using procedures set forth in the definition of “Closing Sale Price” in
Section 1.01; 
 (2) any other property (other than Cash) included in such Unit of Reference Property
shall be valued in good faith by the Board of Directors (in a manner not materially inconsistent with the manner the Board of Directors valued such property for purposes of the Reorganization Event, if applicable) or by a New York Stock Exchange
member firm selected by the Board of Directors; and 
 (3) any Cash included in such Unit of Reference Property
shall be valued at the amount thereof. 
 (d) On or prior to the effective time of any Reorganization Event, the Company or the
successor or purchasing Person, as the case may be, shall execute an amendment to this Warrant Agreement providing that the Warrants shall be exercisable for Units of Reference Property in accordance with the terms of this Section 4.08.
If the Reference Property 
  

 27 

 
in connection with any Reorganization Event includes shares of stock or other securities and assets of a Person other than the successor or purchasing Person, as the case may be, in such
Reorganization Event, then the Company shall cause such amendment to this Warrant Agreement to be executed by such other Person and such amendment shall contain such additional provisions to protect the interests of the Warrantholders as the Board
of Directors shall reasonably consider necessary by reason of the foregoing. Any such amendment to this Warrant Agreement shall provide for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this
Article 4. In the event the Company shall execute an amendment to this Warrant Agreement pursuant to this Section 4.08, the Company shall promptly file with the Warrant Agent an Officers’ Certificate briefly stating the
reasons therefor, the kind or amount of cash, securities or property or assets that will comprise a Unit of Reference Property after the relevant Reorganization Event, any adjustment to be made with respect thereto and that all conditions precedent
have been complied with. The Company shall cause notice of the execution of amendment to be mailed to each Warrantholder, at its address appearing on the Warrant Register, within twenty (20) Business Days after execution thereof. Failure to
deliver such notice shall not affect the legality or validity of such amendment. 
 (e) The above provisions of this
Section 4.08 shall similarly apply to successive Reorganization Events. 
 (f) If this Section 4.08
applies to any event or occurrence, no other provision of this Article 4 shall apply to such event or occurrence (other than Section 4.07). 

Section 4.09 New Common Stock Outstanding; Shares Reserved for Issuance on Exercise. 

(a) For the purposes of this Article 4, the number of shares of New Common Stock at any time outstanding shall not include shares
held, directly or indirectly, by the Company. 
 (b) The Board of Directors has authorized and reserved for issuance such number
of shares of New Common Stock as will be issuable upon the exercise of all outstanding Warrants for shares of New Common Stock (assuming, for purposes of this covenant, that Full Physical Settlement applies to all Warrants exercised hereunder). The
Company covenants that all shares of New Common Stock that shall be so issuable shall be duly and validly issued, fully paid and non-assessable. 

(c) The Company agrees to authorize and direct its current and future transfer agents for the New Common Stock to reserve for issuance
the number of shares of New Common Stock specified in this Section 4.09. The Company shall instruct the transfer agent to deliver to the Warrant Agent, upon written request from the Warrant Agent substantially in the form of Exhibit C
(or as separately agreed between the Warrant Agent and the transfer agent), stock certificates (or beneficial interests therein) required to honor outstanding Warrants upon exercise thereof in accordance with the terms of this Warrant Agreement. The
Company shall pay to the Warrant Agent, as agent for the Warrantholders, any Cash that may be payable as provided in this Article 5. Promptly after the date of expiration of Warrants, the Warrant Agent shall certify to the Company the
aggregate Number of Warrants then outstanding, and thereafter no shares shall be required to be reserved in respect of such Warrants. 
  

 28 

 Section 4.10 Calculations. 

(a) Subject to Section 4.10(b), the Company shall be responsible for making all calculations called for under this Warrant
Agreement, including the Exercise Date, the Closing Sale Price, the Exercise Price, the Number of Warrants for each Warrant Certificate and the number of shares of New Common Stock or Units of Reference Property, if any, to be issued upon exercise
of any Warrants. The Company shall make the foregoing calculations in good faith and, absent manifest error, the Company’s calculations shall be final and binding on Warrantholders. The Company shall provide a schedule of the Company’s
calculations to the Warrant Agent, and the Warrant Agent is entitled to rely upon the accuracy of the Company’s calculations without independent verification. 

(b) For purposes of the computation of any adjustments required under Article 4, fair value shall be determined by the Board of Directors
in good faith; provided that if the holders of 25% or more of the outstanding Warrants shall object to any such determination, such fair value shall be determined by an independent appraiser selected by such holders and reasonably satisfactory to
the Company. The fees and expenses of such independent appraiser shall be paid by the Company. The holders of Warrants shall be notified promptly of any consideration other than cash to be received or paid by the Company and furnished with a
description of the consideration and the fair value thereof, as determined in accordance with the foregoing provisions. 

Section 4.11 Notice of Adjustments. Whenever the Exercise Price or the Number of Warrants for each Warrant Certificate is
adjusted, the Company shall promptly mail, or cause to be mailed, to the Warrantholders a notice of the adjustment in accordance with Section 6.16. The Company shall file with the Warrant Agent such notice and an Officer’s
Certificate briefly stating the facts requiring the adjustment and the manner of computing it. The certificate shall be conclusive evidence that the adjustment is correct, and the Warrant Agent shall not be deemed to have any knowledge of any
adjustments unless and until it has received such certificate. The Warrant Agent shall not be under any duty or responsibility with respect to any such certificate except to exhibit the same to any Warrantholder desiring inspection thereof.

 Section 4.12 Warrant Agent Not Responsible for Adjustments or Validity. The Warrant Agent shall at no time be
under any duty or responsibility to any Warrantholder to determine whether any facts exist that may require an adjustment of the Exercise Price and the Number of Warrants for each Warrant Certificate, or with respect to the nature or extent of any
such adjustment when made, or with respect to the method employed, herein or in any supplemental agreement provided to be employed, in making the same. The Warrant Agent shall have no duty to verify or confirm any calculation called for hereunder.
The Warrant Agent shall have no liability for any failure or delay in performing its duties hereunder caused by any failure or delay of the Company in providing such calculations to the Warrant Agent. The Warrant Agent shall not be accountable with
respect to the validity or value (or the kind or amount) of any shares of New Common Stock or of any securities or property which may at any time be issued or delivered upon the exercise of any Warrant or upon any adjustment pursuant to this
Article 4, and 
  

 29 

 
it makes no representation with respect thereto. The Warrant Agent shall not be responsible for any failure of the Company to make any Cash payment or to issue, transfer or deliver any shares of
New Common Stock or stock certificates or other securities or property or scrip upon the surrender of any Warrant for the purpose of exercise or upon any adjustment pursuant to this Article 4, or to comply with any of the covenants of the
Company contained in this Article 4. 
 Section 4.13 Statements on Warrants. The form of Warrant Certificate
need not be changed because of any adjustment made pursuant to this Article 4, and Warrant Certificates issued after such adjustment may state the same information (other than the adjusted Exercise Price and the adjusted Number of Warrants
for such Warrant Certificates) as are stated in the Warrant Certificates initially issued pursuant to this Warrant Agreement. 

Article 5 

Other Provisions Relating to Rights of Warrantholders 

Section 5.01 No Rights as Stockholders. Nothing contained in this Warrant Agreement or in any of the Warrant Certificates
shall be construed as conferring upon the holders of any Warrant Certificate or any Warrants, by virtue of holding Warrants, the right to vote, to consent, to receive any cash dividends, stock dividends, allotments or rights or other distributions
paid, allotted or distributed or distributable to the holders of New Common Stock, to receive notice as stockholders with respect to any meeting of stockholders for the election of the Company’s directors or any other matter, or to exercise any
rights whatsoever as the Company’s stockholders unless, until and only to the extent such holders become holders of record of shares of New Common Stock issued upon settlement of the Warrants. 

Section 5.02 Mutilated or Missing Warrant Certificates. If any Warrant Certificate at any time is mutilated, defaced, lost,
destroyed or stolen, then on the terms set forth in this Warrant Agreement, such Warrant Certificate may be replaced with a new Warrant Certificate, of like date and tenor and representing the same number of Warrants, at the cost of the applicant
(including legal fees of the Company) at the office of the Warrant Agent. The applicant for a new Warrant Certificate shall, in the case of any mutilated or defaced Warrant Certificate, surrender such Warrant Certificate to the Warrant Agent and, in
the case of any lost, destroyed or stolen Warrant Certificate, furnish evidence satisfactory to the Company of such loss, destruction or theft, and, in each case, furnish evidence satisfactory to the Company of the ownership and authenticity of the
Warrant together with such indemnity and security as required separately by the Company and the Warrant Agent. Such indemnity and security may include, inter alia, a corporate bond of indemnity satisfactory to the Warrant Agent. Any such new
Warrant Certificate shall constitute an original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant Certificate shall be at any time enforceable by anyone. An applicant for such a
substitute Warrant Certificate shall also comply with such other reasonable regulations and pay such other reasonable charges as the Company or the Warrant Agent may prescribe. All Warrant Certificates shall be held and owned upon the express
condition that the foregoing provisions are exclusive with respect to the substitution for lost, stolen, mutilated or destroyed Warrant Certificates, and shall preclude any and all other rights or remedies notwithstanding any law or statute existing
or hereafter enacted to the contrary with respect to the substitution for and replacement of negotiable instruments or other securities without their surrender. 
  

 30 

 Section 5.03 Modification, Waiver and Meetings. 

(a) This Warrant Agreement may be modified or amended by the Company and the Warrant Agent, without the consent of the holder of any
Warrant, for the purposes of, among other things, (i) curing any ambiguity or correcting or supplementing any defective provision contained in this Warrant Agreement; (ii) to add or modify any other provisions in regard to matters or
questions arising in this Warrant Agreement which the Company and the Warrant Agent may deem necessary or desirable; or (iii) providing for the assumption of the Company’s obligations in the case of a merger, consolidation, conveyance,
sale, lease or other transfer; provided that, in each case, any such modification or amendment does not adversely affect the interests of the Warrantholders in any material respect. 

(b) Modifications and amendments to this Warrant Agreement or to the terms and conditions of Warrants may also be made by the Company and
the Warrant Agent, and noncompliance with any provision of the Warrant Agreement or Warrants may be waived, with the written consent of the Warrantholders of Warrants representing a majority of the aggregate Number of Warrants at the time
outstanding. 
 (c) However, no such modification, amendment or waiver may, without the written consent or the affirmative vote
of: 
 (1) each Warrantholder affected: 

(A) change the Expiration Date; or 

(B) increase the Exercise Price or decrease the Number of Warrants (except as set forth in Article 4); 

(2) two-thirds of the Warrantholders affected: 

(A) impair the right to institute suit for the enforcement of any payment or delivery with respect to the exercise and
settlement of any Warrant; 
 (B) except as otherwise expressly permitted by provisions of this Warrant Agreement
concerning specified reclassifications or corporate reorganizations, impair or adversely affect the exercise rights of Warrantholders, including any change to the calculation or payment of the Full Physical Share Amount or the Net Share Amount, as
applicable; 
 (C) reduce the percentage of Warrants outstanding necessary to modify or amend this Warrant
Agreement or to waive any past default; or 
 (D) reduce the percentage in Warrants outstanding required for any
other waiver under this Warrant Agreement. 
  

 31 

 Article 6 

Concerning the Warrant Agent and Other Matters 

Section 6.01 Payment of Certain Taxes. 

(a) The Company shall pay any and all documentary, stamp or similar issue or transfer taxes that may be payable upon the initial issuance
of the Warrants hereunder. 
 (b) The Company shall pay any and all documentary, stamp or similar issue or transfer taxes that
may be payable upon the issuance of New Common Stock upon the exercise of Warrants hereunder and the issuance of stock certificates in respect thereof in the respective names of, or in such names as may be directed by, the exercising Warrantholders;
provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved in the issuance and delivery of any such stock certificate, any Warrant Certificates or other securities in a name other
than that of the registered holder of the Warrant Certificate surrendered upon exercise of the Warrant, and the Company shall not be required to issue or deliver such certificates or other securities unless and until the Person or Persons requesting
the issuance thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. 

Section 6.02 Certain Tax Filings. The Warrant Agent shall prepare and file with the appropriate governmental agency all
appropriate tax information forms in respect of any payments made by the Warrant Agent hereunder (including, without limitation, Internal Revenue Service Form 1099-B) during each calendar year, or any portion thereof, during which the Warrant Agent
performs services hereunder. 
 Section 6.03 Change of Warrant Agent. 

(a) The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and
liabilities hereunder (except for liability arising as a result of the Warrant Agent’s own negligence, willful misconduct or bad faith) after giving 60 days’ notice in writing to the Company, except that such shorter notice may be given as
the Company shall, in writing, accept as sufficient. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor warrant agent in place of the Warrant Agent. If
the Company shall fail to make such appointment within a period of 60 days after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated warrant agent or by any holder of Warrants (who shall, with such
notice, submit his Warrant Certificate for inspection by the Company), then the holder of any Warrants may apply to any court of competent jurisdiction for the appointment of a successor warrant agent. 

(b) The Warrant Agent may be removed by the Company at any time upon 30 days’ written notice to the Warrant Agent; provided,
however, that the Company shall not remove the Warrant Agent until a successor warrant agent meeting the qualifications hereof shall have been appointed. 
  

 32 

 (c) Any successor warrant agent, whether appointed by the Company or by such a court, shall
be a corporation or banking association organized, in good standing and doing business under the laws of the United States of America or any state thereof or the District of Columbia, and authorized under such laws to exercise corporate trust powers
and subject to supervision or examination by Federal or state authority and having a combined capital and surplus of not less than $50,000,000. The combined capital and surplus of any such successor warrant agent shall be deemed to be the combined
capital and surplus as set forth in the most recent report of its condition published prior to its appointment; provided that such reports are published at least annually pursuant to law or to the requirements of a Federal or state supervising or
examining authority. After acceptance in writing of such appointment by the successor warrant agent, such successor warrant agent shall be vested with all the authority, powers, rights, immunities, duties and obligations of its predecessor warrant
agent with like effect as if originally named as warrant agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor warrant agent shall execute and deliver, at the expense of the
Company, an instrument transferring to such successor warrant agent all the authority, powers and rights of such predecessor warrant agent hereunder; and upon request of any successor warrant agent, the Company shall make, execute, acknowledge and
deliver any and all instruments in writing to more fully and effectually vest in and conform to such successor warrant agent all such authority, powers, rights, immunities, duties and obligations. Upon assumption by a successor warrant agent of the
duties and responsibilities hereunder, the predecessor warrant agent shall deliver and transfer, at the expense of the Company, to the successor warrant agent any property at the time held by it hereunder. As soon as practicable after such
appointment, the Company shall give notice thereof to the predecessor warrant agent, the Warrantholders and each transfer agent for the shares of its New Common Stock. Failure to give such notice, or any defect therein, shall not affect the validity
of the appointment of the successor warrant agent. 
 (d) Any entity into which the Warrant Agent may be merged or with which it
may be consolidated, or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party, or any person succeeding to all or substantially all of the corporate trust or agency business of the Warrant Agent,
shall be the successor Warrant Agent under this Warrant Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto; provided that such entity would be eligible for appointment as a successor
warrant agent under Section 6.03(c). In case at the time such successor to the Warrant Agent shall succeed to the agency created by this Warrant Agreement, any of the Warrant Certificates shall have been countersigned but not delivered,
any such successor to the Warrant Agent may adopt the countersignature of the original Warrant Agent and deliver such Warrant Certificates so countersigned, and in case at that time any of the Warrant Certificates shall not have been countersigned,
any successor to the Warrant Agent may countersign such Warrant Certificates either in the name of the predecessor Warrant Agent or in the name of the successor Warrant Agent; and in all such cases Warrant Certificates shall have the full force
provided in the Warrant Certificates and in this Warrant Agreement. 
 (e) In case at any time the name of the Warrant Agent
shall be changed and at such time any of the Warrant Certificates shall have been countersigned but not delivered, the Warrant Agent may adopt the countersignatures under its prior name and deliver such Warrant Certificates so countersigned; and in
case at that time any of the Warrant Certificates shall not 
  

 33 

 
have been countersigned, the Warrant Agent may countersign such Warrant Certificates either in its prior name or in its changed name; and in all such cases such Warrant Certificates shall have
the full force provided in the Warrant Certificates and in this Warrant Agreement. 
 Section 6.04 Compensation; Further
Assurances. The Company agrees that it will (a) pay the Warrant Agent reasonable compensation for its services as Warrant Agent in accordance with Exhibit D attached hereto and, except as otherwise expressly provided, will pay or reimburse
the Warrant Agent upon written demand for all reasonable expenses, disbursements and advances incurred or made by the Warrant Agent in accordance with any of the provisions of this Warrant Agreement (including the reasonable compensation, expenses
and disbursements of its agents and counsel), except any such expense, disbursement or advance as may arise from its or any of their negligence, willful misconduct or bad faith, and (b) perform, execute, acknowledge and deliver or cause to be
performed, executed, acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Warrant Agreement.

 Section 6.05 Reliance on Counsel. The Warrant Agent may consult with legal counsel (who may be legal counsel for
the Company), and the written opinion of such counsel or any advice of legal counsel subsequently confirmed by a written opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or
omitted by it in good faith and in accordance with such written opinion or advice. 
 Section 6.06 Proof of Actions
Taken. Whenever in the performance of its duties under this Warrant Agreement the Warrant Agent shall deem it necessary or desirable that any matter be proved or established by the Company prior to taking or suffering or omitting any action
hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of bad faith on the part of the Warrant Agent, be deemed to be conclusively proved and established by an Officer’s
Certificate delivered to the Warrant Agent; and such Officer’s Certificate shall, in the absence of bad faith on the part of the Warrant Agent, be full warrant to the Warrant Agent for any action taken, suffered or omitted in good faith by it
under the provisions of this Warrant Agreement in reliance upon such certificate; but in its discretion the Warrant Agent may in lieu thereof accept other evidence of such fact or matter or may require such further or additional evidence as to it
may seem reasonable. 
 Section 6.07 Correctness of Statements. The Warrant Agent shall not be liable for or by
reason of any of the statements of fact or recitals contained in this Warrant Agreement or in the Warrant Certificates (except its countersignature thereof) or be required to verify the same, and all such statements and recitals are and shall be
deemed to have been made by the Company only. 
 Section 6.08 Validity of Agreement. From time to time, the Warrant
Agent may apply to any officer of the Company for instruction and the Company shall provide Warrant Agent with such instructions concerning the services to be provided hereunder. The Warrant Agent shall not be held to have notice of any change of
authority of any person, until receipt of notice thereof from the Company. The Warrant Agent shall not be under any responsibility in respect of the validity of this Warrant Agreement or the execution and delivery hereof or in respect of the
validity or execution of any Warrant Certificates (except its countersignature thereof); nor shall it 
  

 34 

 
be responsible for any breach by the Company of any covenant or condition contained in this Warrant Agreement or in any Warrant Certificate; nor shall it by any act hereunder be deemed to make
any representation or warranty as to the authorization or reservation of any shares of New Common Stock to be issued pursuant to this Warrant Agreement or any Warrants or as to whether any shares of New Common Stock will, when issued, be validly
issued and fully paid and nonassessable. 
 Section 6.09 Use of Agents. The Warrant Agent may execute and exercise
any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorneys or agents provided that the Warrant Agent shall remain responsible for the activities or omissions of any such agent or
attorney. 
 Section 6.10 Liability of Warrant Agent. The Warrant Agent shall incur no liability or responsibility
to the Company or to any holder of Warrants for any action taken in reliance on any notice, resolution, waiver, consent, order, certificate, or other paper, document or instrument believed by it to be genuine and to have been signed, sent or
presented by the proper party or parties. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all losses, expenses and liabilities, including judgments, costs and reasonable counsel fees, for anything done or
omitted in good faith by the Warrant Agent in the execution of this Warrant Agreement or otherwise arising in connection with this Warrant Agreement, except as a result of the Warrant Agent’s negligence or willful misconduct or bad faith. The
Warrant Agent agrees to indemnify the Company and save it harmless against any and all losses, expense and liabilities, including judgments, costs and reasonable counsel fees arising out of or attributable to the Warrant Agent’s refusal or
failure to comply with the terms of this Warrant Agreement, or which arise out of Warrant Agent’s negligence or willful misconduct or bad faith or which arise out of the breach of any representation or warranty of the Warrant Agent hereunder,
for which the Warrant Agent is not entitled to indemnification under this Warrant Agreement; provided, however, that, other than in the case of the Warrant Agent’s bad faith, the Warrant Agent’s aggregate liability during any
term of this Agreement with respect to, arising from, or arising in connection with actions under this Agreement, or from all services provided or omitted to be provided under this Agreement, whether in contract, or in tort, or otherwise, is limited
to, and shall not exceed, the amounts paid hereunder by the Company to Warrant Agent as fees and charges, but not including reimbursable expenses. 

Section 6.11 Legal Proceedings. The Warrant Agent shall be under no obligation to institute any action, suit or legal
proceeding or to take any other action likely to involve expense unless the Company or one or more Warrantholders shall furnish the Warrant Agent with reasonable security and indemnity for any costs and expenses which may be incurred, but this
provision shall not affect the power of the Warrant Agent to take such action as the Warrant Agent may consider proper, whether with or without any such security or indemnity. The Warrant Agent shall promptly notify the Company in writing of any
claim made or action, suit or proceeding instituted against it arising out of or in connection with this Warrant Agreement. 

Section 6.12 Other Transactions in Securities of the Company. The Warrant Agent in its individual or any other capacity may
become the owner of Warrants or other securities of the Company, or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as

  

 35 

 
though it were not Warrant Agent under this Warrant Agreement. Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity.

 Section 6.13 Actions as Agent. The Warrant Agent shall act hereunder solely as agent and not in a ministerial or
fiduciary capacity, and its duties shall be determined solely by the provisions hereof. The duties and obligations of the Warrant Agent shall be determined solely by the express provisions of the Warrant Agreement, and the Warrant Agent shall not be
liable except for the performance of such duties and obligations as are specifically set forth in the Warrant Agreement. No implied covenants or obligations shall be read into the Warrant Agreement against the Warrant Agent. No provision of the
Warrant Agreement shall require the Warrant Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have
reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. The Warrant Agent shall not be liable for anything that it may do or refrain from doing in good faith
in connection with this Warrant Agreement except for its own negligence or willful misconduct or bad faith. 
 Section 6.14
Appointment and Acceptance of Agency. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with the instructions set forth in this Warrant Agreement, and the Warrant Agent hereby accepts the agency
established by this Warrant Agreement and agrees to perform the same upon the terms and conditions herein set forth. 

Section 6.15 Successors and Assigns. All the covenants and provisions of this Warrant Agreement by or for the benefit of the
Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 

Section 6.16 Notices. Any notice or demand authorized by this Warrant Agreement to be given or made by the Warrant Agent or
by any Warrantholder to or on the Company shall be sufficiently given or made if sent by mail first-class, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

Cooper-Standard Holdings Inc. 

39550 Orchard Hill Place Drive 

Novi, Michigan 48375 

Attention: General Counsel 

Fax: (248) 596-6535 

with a copy to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 

New York, New York 10004 

			
	 Attention:
	 	Gary L. Kaplan
		 	David L. Shaw
	Fax: (212) 859-4000

  

 36 

 Any notice or demand authorized by this Warrant Agreement to be given or made by any
Warrantholder or by the Company to or on the Warrant Agent shall be sufficiently given or made if sent by mail first-class, postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

 Computershare Trust Company, N.A. 

Address: 250 Royall Street, Canton, Massachusetts 02021 

Attention: General Counsel 

Re: Cooper-Standard Holdings Inc. Warrant Agreement 

Fax: (781) 575-4210 

Any notice or demand authorized by this Warrant Agreement to be given or made to any Warrantholder shall be sufficiently given or made if
sent by first-class mail, postage prepaid to the last address of such Warrantholder as it shall appear on the Warrant Register. Any notice to the owners of a beneficial interest in a Global Warrant shall be distributed through the Depositary in
accordance with the procedures of the Depositary, and such notice shall be deemed to be effective at the time of dispatch to the Depositary. 

Section 6.17 Applicable Law; Jurisdiction. The validity, interpretation and performance of this Warrant Agreement and of the
Warrant Certificates shall be governed in accordance with the laws of the State of New York, without giving effect to the principles of conflicts of laws thereof. The parties hereto irrevocably consent to the jurisdiction of the courts of the State
of New York and any federal court located in such state in connection with any action, suit or proceeding arising out of or relating to this Warrant Agreement. 

Section 6.18 Benefit of this Warrant Agreement. Nothing in this Warrant Agreement expressed and nothing that may be implied
from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any Person or corporation other than the parties hereto and the Warrantholders any right, remedy or claim under or by reason of this Warrant Agreement
or of any covenant, condition, stipulation, promise or agreement hereof, and all covenants, conditions, stipulations, promises and agreements in this Warrant Agreement contained shall be for the sole and exclusive benefit of the parties hereto and
their successors and of the Warrantholders. 
 Section 6.19 Registered Warrantholders. Prior to due presentment for
registration of transfer, the Company and the Warrant Agent may deem and treat the Person in whose name any Warrants are registered in the Warrant Register as the absolute owner thereof for all purposes whatever (notwithstanding any notation of
ownership or other writing thereon made by anyone other than the Company or the Warrant Agent) and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary or be bound to recognize any equitable or other claim to or
interest in any Warrants on the part of any other Person and shall not be liable for any registration of transfer of Warrants that are registered or to be registered in the name of a fiduciary or the nominee of a fiduciary unless made with actual
knowledge that a fiduciary or nominee is committing a breach of trust in requesting such registration of transfer or with such knowledge of such facts that its participation therein amounts to bad faith. 

 

 37 

 Section 6.20 Inspection of this Warrant Agreement. A copy of this Warrant
Agreement shall be available at all reasonable times for inspection by any registered Warrantholder at the principal office of the Warrant Agent (or successor warrant agent). The Warrant Agent may require any such holder to submit his Warrant
Certificate for inspection by it before allowing such holder to inspect a copy of this Warrant Agreement. 
 Section 6.21
Headings. The Article and Section headings herein are for convenience only and are not a part of this Warrant Agreement and shall not affect the interpretation thereof. 

Section 6.22 Counterparts. This Warrant Agreement may be executed in any number of counterparts on separate counterparts,
each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 

Section 6.23 Entire Agreement. This Warrant Agreement and the Warrant Certificates constitute the entire agreement of the
Company, the Warrant Agent and the registered holders of the Warrant Certificates with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the Company, the Warrant Agent and the
registered holders of the Warrant Certificates with respect to the subject matter hereof. 
 Section 6.24
Severability. Wherever possible, each provision of this Warrant Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Warrant Agreement shall be prohibited by or invalid
under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Warrant Agreement. 

Section 6.25 Damages. Neither party to this Agreement shall be liable to the other party for any consequential, indirect,
special or incidental damages under any provision of this Agreement or for any consequential, indirect, penal, special or incidental damages arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen
the possibility of such damages. 
 Section 6.26 Force Majeure. Notwithstanding anything to the contrary contained
herein, no party shall be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or
malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 

Section 6.27 Survival. All provisions regarding indemnification, warranty, liability and limits thereon shall survive the
termination or expiration of this Agreement. 
 [signature pages follow] 

 

 38 

 IN WITNESS WHEREOF, this Warrant Agreement has been duly executed by the parties hereto as
of the day and year first above written. 
  

			
	Cooper-Standard Holdings Inc.
		
	By:	 	 /s/ Timothy W. Hefferon

		 	Name: Timothy W. Hefferon
		 	Title: V.P., General Counsel & Secretary
	
	Computershare Inc. and Computershare Trust Company, N.A., collectively as Warrant Agent For both parties:
		
	By:	 	 /s/ Thomas Borbely

		 	Name: Thomas Borbely
		 	Title: Manager, Corporate Actions

SIGNATURE PAGE TO WARRANT 

 EXHIBIT A-1 

FORM OF GLOBAL WARRANT LEGEND 

UNLESS THIS GLOBAL WARRANT IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO COOPER-STANDARD HOLDINGS INC. (THE “ISSUER”), THE CUSTODIAN OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFER OF THIS GLOBAL
WARRANT SHALL BE LIMITED TO TRANSFERS IN WHOLE, AND NOT IN PART, TO THE COMPANY, DTC, THEIR SUCCESSORS AND THEIR RESPECTIVE NOMINEES. 
  

 A-1-1 

 EXHIBIT A-2 

FORM OF RESTRICTED WARRANT LEGEND 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED UNLESS AND UNTIL SUCH SECURITIES ARE REGISTERED UNDER SUCH ACT, AND SUCH STATE LAW, OR THE COMPANY RECEIVES A WRITTEN OPINION OF LEGAL COUNSEL (WHO SHALL BE, AND
WHOSE LEGAL OPINION SHALL BE, REASONABLY SATISFACTORY TO THE COMPANY) ADDRESSED TO THE COMPANY TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED. THE TRANSFERABILITY OF THIS SECURITY IS ALSO SUBJECT TO RESTRICTIONS CONTAINED IN THE WARRANT
AGREEMENT, DATED AS OF                  , 2010, BETWEEN THE COMPANY AND A WARRANT AGENT, WHICH WARRANT AGREEMENT THE COMPANY WILL FURNISH TO THE HOLDER HEREOF UPON
REQUEST. 
  

 A-2-1 

 EXHIBIT B 

FORM OF WARRANT CERTIFICATE 
  

 B-1 

 EXHIBIT C 

FORM OF NEW COMMON SHARES REQUISITION ORDER 

[Date] 
 Via Facsimile
[                    ] 
 Cooper-Standard
Holdings Inc. 
 [            ] 

[            ] 

 

	Re:	DWAC Issuance 

 Control No.
[                    ] 
 Ladies and
Gentlemen: 
 You are hereby authorized to issue and deliver the shares of New Common Stock as indicated below via DWAC. The shares are being
issued to cover the exercise of Warrants under the Warrant Agreement, dated as of [                    ], 2010, between Cooper-Standard Holdings
Inc., and Computershare Inc. and Computershare Trust Company, N.A., together, as Warrant Agent (the “Warrant Agreement”). Defined terms used but not defined herein have the meaning assigned to them in the Warrant Agreement.

  

									
	Number of Shares:	 	  
	 	
					
		 	  
	 	Original Issue or	 		 	
					
		 	  
	 	Transfer from Treasury Account	 		 	
			
	Broker Name:	 	  
	 	
			
	Broker’s DTC Number:	 	  
	 	
			
	Contact and Phone:	 	  
	 	

  

 C-1 

 The Broker will initiate the DWAC transaction on (date). 

 

			
	Sincerely,
	
	
[                         
                                         
                               ],

as Warrant Agent

		
	By:	 	  

		 	Name:
		 	Title:

  

	cc:	[Insert name] via facsimile [insert fax number] 

Broker 
  

 C-2 

 EXHIBIT D 

Fee Schedule To Serve As Warrant Agent For Cooper-Standard Holdings Inc. 

 

	A.	FEES FOR SERVICES * 

  

					
	$	10,000.00	  	 	 Set –up Fee (includes first years annual maintenance fee)

		
	$	1,500.00	  	 	 Annual Maintenance Fee

		
	$	25.00	** 	 	 Per Transfer of Warrants

		
	$	50.00	** 	 	 Per Exercise of Warrants

		
	$	100.00	** 	 	 Per Wire Transfer

  

	*	Excludes out-of-pocket expenses as described in Section C, “Items Not Covered” 

	**	Maximum fee payable per transfer or exercise, as applicable, regardless of the number of Warrants transferred or exercised. 

 

	B.	SERVICES COVERED 

  

	 	•	 	 Designating an operational team to establish Warrant Agent procedures and duties, including document review, execution of legal agreement , operations
management, and on-going updates and reporting 

  

	 	•	 	 Establish Warrant issue under Cooper-Standard Holdings on Computershare’s Transfer Agent record keeping system 

 

	 	•	 	 Coordinate Warrant exercise and transfer procedures with the Depositary Trust Company 

 

	 	•	 	 Distribute Warrants to holders in connection with Cooper-Standard Holdings’ emergence from Bankruptcy 

 

	 	•	 	 Process Warrant exercise and transfer requests by issuing certificates or, if applicable, through the Direct Registration System

  

	 	•	 	 Tracking and reporting the number of warrants issued, transferred, outstanding and exercised, as required 

 

	 	•	 	 Processing warrants received and converted 

  

	 	•	 	 Deposit Warrant conversion checks and incoming wire transfers daily and forward all participant funds to Cooper-Standard Holdings

  

	 	•	 	 Providing receipt summation of checks and wire transfers received 

 

	 	•	 	 Issuing and mailing stock certificates, DRS share statements and warrants 

 

 D-1 

	 	•	 	 Affixing legends to appropriate stock certificates, where applicable 

 

	 	•	 	 Replace lost, stolen or destroyed securities in accordance with UCC guidelines and Computershare policy (subject to shareholder-paid fee and bond
premium) 

  

	 	•	 	 Process and post address changes plus mail confirmations if required 

 

	 	•	 	 Obtain W-9 and W8-BEN certifications 

  

	 	•	 	 Comply with SEC mandated annual lost shareholder search 

 

	 	•	 	 Perform OFAC (Office of Foreign Asset Control) and Patriot Act reporting 

 

	 	•	 	 Produce daily transfer reports and post them for online viewing 

 

	C.	ITEMS NOT COVERED 

  

	 	•	 	 Services associated with new duties, legislation or regulatory fiat which become effective after the date of this proposal (these will be provided on
an appraisal basis) 

  

	 	•	 	 All out-of-pocket expenses such as telephone line charges, overprinting, checks, cash management fees, postage, stationery, wire transfers, etc. (these
will be billed as incurred) 

  

	 	•	 	 Overtime charges assessed in the event of late delivery of material for mailings unless the target mail date is rescheduled

  

	 	•	 	 Overtime charges assessed in the event of a special request by client 

 

	 	•	 	 Special reporting requests (including but not limited to escheatment, reconciliation and audit reports) and requests to expedite processed items
outside of our standard target of 7-10 day turn around time 

  

	 	•	 	 Requests to expedite conversion of shareholder records in less than 3 days (minimum $2,500) 

 

	 	•	 	 Subsequent changes or updates to the certified shareholder records 

 

	 	•	 	 Shareholder processing rush fee of $250 per presentation 

 

	D.	ASSUMPTIONS 

  

	 	•	 	 Proposal based upon document review and information known at this time about the transaction. 

 

	 	•	 	 Significant changes made in the terms or requirements of this transaction could require modifications to this proposal 

 

	 	•	 	 Assumes the use of Computershare’s QuickCert for warrant certificates 

 

	 	•	 	 Proposal based upon approximately 500 warrant holders of record 

 

	E.	PAYMENT FOR SERVICES 

 The
Set-up Fee will be rendered and payable upon execution of this agreement. An invoice for any out-of-pockets and per item fees realized will be rendered and payable on a monthly basis, except for postage expenses in excess of $5,000. Funds for such
mailing expenses must be received one (1) business day prior to the scheduled mailing date. 
  

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