Document:

Exhibit 4.9

 

EXECUTION COPY

 

CDRV Acquisition Corporation

 

8%
Senior Subordinated Notes due 2014

 

Exchange and Registration Rights
Agreement

 

April 7, 2004

 

	
  Deutsche Bank Securities Inc.

  
	
  Citigroup Global Markets Inc.

  
	
  Banc of America Securities LLC

  
	
  BNP Paribas Securities Corp.

  
	
  Barclays Capital Inc.

  
	
  PNC Capital Markets, Inc.,

  
	
  As representatives of
  the several Purchasers

  named in Schedule I to the Purchase Agreement

  
	
  c/o Deutsche Bank Securities Inc.

  
	
  60 Wall Street

  
	
  New York, New York 10005

  

 

Ladies and Gentlemen:

 

CDRV Acquisition Corporation, a Delaware corporation
(the “Company”), proposes to issue and sell to the Purchasers (as defined
herein) upon the terms set forth in the Purchase Agreement (as defined herein)
its 8% Senior Subordinated Notes due 2014. 
As an inducement to the Purchasers to enter into the Purchase Agreement
and in satisfaction of a condition to the obligations of the Purchasers
thereunder, the Company agrees with the Purchasers for the benefit of holders
(as defined herein) from time to time of the Registrable Securities (as defined
herein) as follows:

 

1.                                       Certain Definitions.  For purposes of this Exchange and
Registration Rights Agreement, the following terms shall have the following
respective meanings:

 

“Base Interest”
shall mean the interest that would otherwise accrue on the Securities under the
terms thereof and the Indenture, without giving effect to the provisions of
this Agreement.

 

The term “broker-dealer”
shall mean any broker or dealer registered with the Commission under the
Exchange Act.

 

“Closing Date”
shall mean the date on which the Securities are initially issued.

 

“Commission”
shall mean the United States Securities and Exchange Commission, or any other
federal agency at the time administering the Exchange Act or the Securities
Act, whichever is the relevant statute for the particular purpose.

 

 

“Effective Time,”
in the case of (i) an Exchange Registration, shall mean the time and date
as of which the Commission declares the Exchange Registration Statement effective
or as of which the Exchange Registration Statement otherwise becomes effective
and (ii) a Shelf Registration, shall mean the time and date as of which
the Commission declares the Shelf Registration Statement effective or as of
which the Shelf Registration Statement otherwise becomes effective.

 

“Electing Holder”
shall mean any holder of Registrable Securities that has returned a completed
and signed Notice and Questionnaire to the Company in accordance with
Section 3(d)(ii) or 3(d)(iii) hereof.

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, or any successor thereto, as
the same shall be amended from time to time.

 

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

 

“Exchange
Registration” shall have the meaning assigned thereto in
Section 3(c) hereof.

 

“Exchange
Registration Statement” shall have the meaning assigned thereto in
Section 2(a) hereof.

 

“Exchange
Securities” shall have the meaning assigned thereto in
Section 2(a) hereof.

 

“Guarantors”
shall have the meaning assigned to the term “Subsidiary Guarantors” in the
Indenture.

 

The term “holder”
shall mean each of the Purchasers and other persons who acquire Registrable
Securities from time to time (including any successors or assigns), in each
case for so long as such person owns any Registrable Securities.

 

“Indenture”
shall mean the Indenture, dated as of April 7, 2004, between the Company, the
Guarantors, if any, from time to time parties thereto and Wells Fargo Bank,
National Association, as Trustee governing the Company’s 8% Senior Subordinated
Notes due 2014, as the same shall be amended from time to time.

 

“Notice and
Questionnaire” means a Notice of Registration Statement and Selling
Securityholder Questionnaire substantially in the form of Exhibit A hereto,
with such changes thereto as the Company may reasonably determine.

 

The term “person”
shall mean a corporation, association, partnership, organization, business,
individual, government or political subdivision thereof or governmental agency.

 

“Purchase Agreement”
shall mean the Purchase Agreement, dated as of April 7, 2004, between the
Purchasers and the Company relating to the Securities.

 

2

 

“Purchasers”
shall mean the Purchasers named in Schedule I to the Purchase Agreement.

 

“Registrable
Securities” shall mean the Securities; provided, however, that a
Security shall cease to be a Registrable Security when (i) the Security
has been exchanged for an Exchange Security in an Exchange Offer as contemplated
in Section 2(a) hereof (provided that any Exchange Security that, pursuant
to the last two sentences of Section 2(a), is included in a prospectus for
use in connection with resales by broker-dealers shall be deemed to be a
Registrable Security with respect to Sections 6 and 9 until resale of such
Registrable Security has been effected within the 90-day period referred to in
Section 2(a)); (ii) a Shelf Registration Statement registering such
Security under the Securities Act has been declared or becomes effective and
such Security has been sold or otherwise transferred by the holder thereof
pursuant to and in a manner contemplated by such effective Shelf Registration
Statement; (iii) such Security is sold pursuant to Rule 144 under
circumstances in which any legend borne by such Security relating to
restrictions on transferability thereof, under the Securities Act or otherwise,
is removed by the Company or pursuant to the Indenture; (iv) such Security
is eligible to be sold pursuant to paragraph (k) of Rule 144; or (v) such
Security shall cease to be outstanding.

 

“Registration
Default” shall have the meaning assigned thereto in
Section 2(c) hereof.

 

“Registration
Expenses” shall have the meaning assigned thereto in Section 4
hereof.

 

“Resale Period”
shall have the meaning assigned thereto in Section 2(a) hereof.

 

“Restricted Holder”
shall mean (i) a holder that is an affiliate of the Company within the
meaning of Rule 405, (ii) a holder that acquires Exchange Securities
outside the ordinary course of such holder’s business, (iii) a holder that
has arrangements or understandings with any person to participate in the
Exchange Offer for the purpose of distributing Exchange Securities and
(iv) a holder that is a broker-dealer, but only with respect to Exchange
Securities received by such broker-dealer pursuant to an Exchange Offer in
exchange for Registrable Securities acquired by the broker-dealer directly,
from the Company.

 

“Rule 144,”
“Rule 405” and “Rule 415” shall mean, in each case, such
rule promulgated under the Securities Act (or any successor provision), as the
same shall be amended from time to time.

 

“Securities”
shall mean, collectively, the 8% Senior Subordinated Notes due 2014 of the
Company to be issued and sold to the Purchasers, and securities issued in
exchange therefor or in lieu thereof pursuant to the Indenture.  Each Security is entitled to the benefit of
the guarantees, if any, provided for in the Indenture (the “Guarantee”) and,
unless the context otherwise requires, any reference herein to a “Security,” an
“Exchange

 

3

 

Security” or a
“Registrable Security” shall include a reference to the related Guarantees, if
any.

 

“Securities Act”
shall mean the Securities Act of 1933, or any successor thereto, as the same
shall be amended from time to time.

 

“Shelf Registration”
shall have the meaning assigned thereto in Section 2(b) hereof.

 

“Shelf Registration
Statement” shall have the meaning assigned thereto in
Section 2(b) hereof.

 

“Special Interest”
shall have the meaning assigned thereto in Section 2(c) hereof.

 

“Trust Indenture
Act” shall mean the Trust Indenture Act of 1939, or any successor
thereto, and the rules, regulations and forms promulgated thereunder, all as
the same shall be amended from time to time.

 

Unless the context otherwise requires, any reference
herein to a “Section” or “clause” refers to a Section or clause, as the case
may be, of this Exchange and Registration Rights Agreement, and the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to
this Exchange and Registration Rights Agreement as a whole and not to any
particular Section or other subdivision.

 

2.                                       Registration Under the Securities Act.

 

(a)                                  Except
as set forth in Section 2(b) below, the Company agrees to use its
reasonable best efforts to file under the Securities Act, within 150 days after
the Closing Date, a registration statement relating to an offer to exchange
(such registration statement, the “Exchange Registration Statement”, and such
offer, the “Exchange Offer”) any and all of the Securities for a like aggregate
principal amount of debt securities issued by the Company and guaranteed by the
Guarantors (if any), which debt securities and guarantees (if any) are
substantially identical to the Securities (and are entitled to the benefits of
a trust indenture which is substantially identical to the Indenture or is the
Indenture and which has been qualified under the Trust Indenture Act), except
that they have been registered pursuant to an effective registration statement
under the Securities Act and do not contain restrictions on transfer or
provisions for the additional interest contemplated in Section 2(c) below
or the liquidated damages provided in Section 2 (d) below (such new debt
securities hereinafter called “Exchange Securities”).  The Company agrees to use its reasonable best efforts to cause
the Exchange Registration Statement to become effective under the Securities
Act within 240 days after the Closing Date. 
The Exchange Offer will be registered under the Securities Act on the
appropriate form and will comply with all applicable tender offer rules and
regulations under the Exchange Act.  The
Company further agrees to use its reasonable best efforts to commence the
Exchange Offer promptly, hold the Exchange Offer open for the period required
by applicable law (including pursuant to any applicable interpretation by the
staff of the Commission), but in any event for at least 10 business days, and
exchange the Exchange Securities for all Registrable Securities that have been
validly tendered and not withdrawn on or prior to the expiration of the
Exchange Offer.  If the Company
commences the Exchange Offer, the Company will be entitled

 

4

 

to close
the Exchange Offer 30 days after the commencement thereof (or at the end of
such shorter period permitted by applicable law), provided that the Company has
accepted all the Registrable Securities validly tendered in accordance with the
terms of the Exchange Offer.  The
Company agrees (x) to include in the Exchange Registration Statement a
prospectus for use in any resales by any holder of Exchange Securities that is
a broker-dealer and (y) to keep such Exchange Registration Statement effective
for a period (the “Resale Period”) beginning when Exchange Securities are first
issued in the Exchange Offer and ending upon the earlier of the expiration of
the 90th day after the Exchange Offer has been completed and such time as such
broker-dealers no longer own any Registrable Securities.

 

Each holder participating in the Exchange Offer shall
be required to represent to the Company that (i) any Exchange Securities
received by such holder will be acquired in the ordinary course of business,
(ii) at the time of the commencement of the Exchange Offer such holder has
no arrangements or understanding with any person to participate in the
distribution of the Securities or the Exchange Securities within the meaning of
the Securities Act, (iii) such holder is not an “affiliate,” as defined in
Rule 405 of the Securities Act, of the Company, (iv) if such holder is not
a broker-dealer, that it is not engaged in, and does not intend to engage in,
the distribution of the Exchange Securities, (v) if such holder is a
broker-dealer, that it will receive Exchange Securities for its own account in
exchange for Securities that were acquired as a result of market-making
activities or other trading activities and that it will deliver a prospectus in
connection with any resale of such Exchange Securities and (vi) such
holder is not acting on behalf of any person who could not truthfully make the
foregoing representations.

 

(b)                                 If
(i) on or prior to the time the Exchange Offer is consummated existing
Commission interpretations are changed such that the Exchange Securities
received by holders other than Restricted Holders in the Exchange Offer for
Registrable Securities are not or would not be, upon receipt, transferable by
each such holder without restriction under the Securities Act, (ii) the
Exchange Offer has not been completed within 270 days following the Closing
Date, (iii) any Purchaser so requests with respect to Registrable
Securities not eligible to be exchanged for Exchange Securities in the Exchange
Offer and held by it following consummation of the Exchange Offer or
(iv) any holder (other than a Purchaser) shall be, and shall notify the
Company that such holder is, prohibited by law or Commission policy from
participating in the Exchange Offer or such holder may not resell the Exchange
Securities acquired in the Exchange Offer to the public without delivering a
prospectus and the prospectus contained in the Exchange Registration Statement
is not available for such resales by such holder (other than in either case (x) due
solely to the status of such holder as an affiliate of the Company within the
meaning of the Securities Act or (y) due to such holder’s inability to
make the representations set forth in the second paragraph of Section 2(a)
hereof) and any such holder so requests, the Company shall, in lieu of (or, in
the case of clauses (iii) and (iv), in addition to) conducting the Exchange
Offer contemplated by Section 2(a), use its reasonable best efforts to
file under the Securities Act as promptly as reasonably practicable, a “shelf’
registration statement providing for the registration of, and the sale on a
continuous or delayed basis by the holders of, all of the Registrable
Securities (or in the case of clause (iii), the Registrable Securities held by
the Purchasers), pursuant to Rule 415 or any similar rule that may be adopted
by the Commission (such filing, the “Shelf Registration” and such registration
statement, the “Shelf Registration Statement”).  The Company agrees to use its reasonable best efforts (x) to
cause the Shelf Registration Statement to become effective within 150 days
after the date on which the obligation to file such Shelf

 

5

 

Registration
Statement arises and to use its reasonable best efforts to cause such Shelf
Registration Statement to remain effective for a period ending on the earlier
of the second anniversary of the Effective Time or such shorter period that
will terminate when all the Registrable Securities covered by the Shelf Registration
Statement have been sold pursuant to the Shelf Registration Statement or are
distributed to the public pursuant to Rule 144 or become eligible for resale
pursuant to Rule 144 without volume restriction, if any; provided, however,
that no holder shall be entitled to be named as a selling securityholder in the
Shelf Registration Statement or to use the prospectus forming a part thereof
for resales of Registrable Securities unless such holder is an Electing Holder,
and (y) after the Effective Time of the Shelf Registration Statement,
promptly upon the request of any holder of Registrable Securities that is not
then an Electing Holder, to take any action reasonably necessary to enable such
holder to use the prospectus forming a part thereof for resales of Registrable
Securities, including, without limitation, any action necessary to identify
such holder as a selling securityholder in the Shelf Registration Statement;
provided, however, that nothing in this clause (y) shall relieve any such
holder of the obligation to return a completed and signed Notice and
Questionnaire to the Company in accordance with Section 3(d)(iii)
hereof.  The Company further agrees to
supplement or make amendments to the Shelf Registration Statement, as and when
required by the rules, regulations or instructions applicable to the
registration form used by the Company for such Shelf Registration Statement or
by the Securities Act or rules and regulations thereunder for shelf
registration, and the Company agrees to furnish to each Electing Holder copies
of any such supplement or amendment promptly following its filing with the
Commission.

 

Notwithstanding the foregoing, the Company may suspend
the availability of any Shelf Registration Statement (x) for up to an
aggregate of 30 days in any consecutive twelve-month period if (i) such
action is required by applicable law or (ii) such action is taken by the
Company in good faith and for valid business reasons (not including avoidance
of the Company’s obligations hereunder), including the acquisition or
divestiture of assets, or (y) with respect to a Shelf Registration
Statement required to be filed due to a failure to consummate the Exchange
Offer within the required time period, if such action occurs following the
consummation of the Exchange Offer.

 

(c)                                  In
the event that (i) the Company has not filed the Exchange Registration
Statement or a Shelf Registration Statement (applicable to all of the
Registrable Securities) on or before 150 days after the Closing Date, or
(ii) the Exchange Registration Statement has not become effective or been
declared effective by the Commission on or before 240 days after the Closing
Date, or (iii) the Exchange Offer has not been consummated within 270 days
after the Closing Date, or (iv) if a Shelf Registration Statement required
to be filed under Section 2(b) hereof is not declared effective on or
before 150 days after the date on which the obligation to file the Shelf
Registration Statement arises, or (v) if any Shelf Registration Statement
required by Section 2(b) hereof is filed and declared effective, and
during the period the Company is required to use its reasonable best efforts to
cause the Shelf Registration Statement to remain effective, (x) the
Company shall have suspended the Shelf Registration Statement pursuant to
Section 2(b) hereof for more than 30 days in the aggregate in any
consecutive twelve-month period and be continuing to suspend the availability
of the Shelf Registration Statement or (y) the Shelf Registration
Statement shall cease to be effective (other than by action of the Company
pursuant to the second paragraph of Section 2(b) hereof) without being
replaced within 60 days by a shelf registration statement that is filed and
declared effective (each such event referred to in clauses

 

6

 

(i)
through (v), a “Registration Default” and each period during which a
Registration Default has occurred and is continuing, a “Registration Default
Period”), then, as liquidated damages for such Registration Default, subject to
the provisions of Section 9(b), special interest (“Special Interest”), in
addition to the Base Interest, shall accrue on Registrable Securities for the
Registration Default Period (but only with respect to one Registration Default
at any particular time) until such time as all Registration Defaults have been
cured at a per annum rate of 0.25% for the first 90 days of the Registration
Default Period, which rate shall increase by an additional 0.25% during each
subsequent 90-day period, up to a maximum of 0.50% regardless of the number of
Registration Defaults that shall have occurred and be continuing.  Following the cure of all Registration
Defaults, the accrual of Special Interest will cease.  A Registration Default under clause (iv) or (v) will be deemed
cured upon consummation of the Exchange Offer in the case of a Shelf
Registration Statement required to be filed due to a failure to consummate the
Exchange Offer within the required time period.

 

(d)                                 If
during the 90 day period referenced in the penultimate sentence of the first
paragraph of Section 2(a) hereof the Exchange Offer Registration Statement
is suspended by the Company or ceases to be effective such that any
broker-dealer that (i) receives Exchange Securities in the Exchange Offer
and (ii) is subject to prospectus delivery requirements cannot fulfill
such requirements, the Company shall pay liquidated damages to such
broker-dealers in an amount calculated in a manner consistent with that
specified above with respect to Registration Defaults.

 

(e)                                  The
Company shall take all actions reasonably necessary or advisable to be taken by
it to ensure that the transactions contemplated herein are effected as so
contemplated, including all actions necessary or desirable to register the Guarantees
(if any) under the registration statement contemplated in Section 2(a) or
2(b) hereof, as applicable.

 

(f)                                    Any
reference herein to a registration statement as of any time shall be deemed to
include any document incorporated, or deemed to be incorporated, therein by
reference as of such time and any reference herein to any post-effective
amendment to a registration statement as of any time shall be deemed to include
any document incorporated, or deemed to be incorporated, therein by reference
as of such time.

 

3.                                       Registration Procedures.

 

If the Company files a registration statement pursuant
to Section 2(a) or Section 2(b), the following provisions shall
apply:

 

(a)                                  At
or before the Effective Time of the Exchange Offer or the Shelf Registration,
as the case may be, the Company shall qualify the Indenture under the Trust
Indenture Act.

 

(b)                                 In
the event that such qualification would require the appointment of a new
trustee under the Indenture, the Company shall appoint a new trustee thereunder
pursuant to the applicable provisions of the Indenture.

 

7

 

(c)                                  In
connection with the Company’s obligations with respect to the registration of
Exchange Securities as contemplated by Section 2(a) (the “Exchange Registration”),
if applicable, the Company shall:

 

(i)                                     use
its reasonable best efforts to prepare and file with the Commission within 150
days after the Closing Date, an Exchange Registration Statement on any form
which may be utilized by the Company and which shall permit the Exchange Offer
and resales of Exchange Securities by broker-dealers during the Resale Period
to be effected as contemplated by Section 2(a), and use its reasonable
best efforts to cause such Exchange Registration Statement to become effective
within 240 days after the Closing Date;

 

(ii)                                  prepare
and file with the Commission such amendments and supplements to such Exchange
Registration Statement and the prospectus included therein as may be necessary
to effect and maintain the effectiveness of such Exchange Registration
Statement for the periods and purposes contemplated in Section 2(a) hereof
and as may be required by the applicable rules and regulations of the
Commission and the instructions applicable to the form of such Exchange Registration
Statement, and promptly provide each broker-dealer holding Exchange Securities
with such number of copies of the prospectus included therein (as then amended
or supplemented), in conformity in all material respects with the requirements
of the Securities Act and the rules and regulations of the Commission
thereunder, as such broker-dealer reasonably may request prior to the
expiration of the Resale Period, for use in connection with resales of Exchange
Securities;

 

(iii)                               promptly
notify each broker-dealer that has requested or received copies of the
prospectus included in such registration statement, and confirm such advice in
writing, (A) when such Exchange Registration Statement or the prospectus
included therein or any prospectus amendment or supplement or post-effective
amendment has been filed, and, with respect to such Exchange Registration
Statement or any post-effective amendment, when the same has become effective,
(B) of any request by the Commission for amendments or supplements to such
Exchange Registration Statement or prospectus or for additional information,
(C) of the issuance by the Commission of any stop order suspending the
effectiveness of such Exchange Registration Statement or the initiation of any
proceedings for that purpose, (D) of the receipt by the Company of any
notification with respect to the suspension of the qualification of the
Exchange Securities for sale in any jurisdiction or the initiation of any
proceeding for such purpose, or (E) at any time during the Resale Period
when a prospectus is required to be delivered under the Securities Act, that
such Exchange Registration Statement, prospectus, prospectus amendment or
supplement or post-effective amendment does not conform in all material
respects to the applicable requirements of the Securities Act and the rules and
regulations of the Commission thereunder or contains an untrue statement of a
material fact or omits to state any material fact required to be stated therein
or necessary to make the statements therein not misleading in light of the
circumstances then existing;

 

(iv)                              in
the event that the Company would be required, pursuant to
Section 3(c)(iii)(E) above, to notify any broker-dealers holding Exchange
Securities, use

 

8

 

its reasonable best efforts to prepare and furnish as
soon as practicable to each such broker-dealer a reasonable number of copies of
a prospectus supplemented or amended so that, as thereafter delivered to
purchasers of such Exchange Securities during the Resale Period, such
prospectus shall conform in all material respects to the applicable
requirements of the Securities Act and the rules and regulations of the
Commission thereunder and shall not contain an untrue statement of a material
fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing;

 

(v)                                 use
its reasonable best efforts to obtain the withdrawal of any order suspending
the effectiveness of such Exchange Registration Statement or any post-effective
amendment thereto at the earliest practicable date;

 

(vi)                              use
its reasonable best efforts to (A) register or qualify the Exchange
Securities under the securities laws or blue sky laws of such jurisdictions as
any participating holder of the Registrable Securities reasonably requests in
writing no later than the commencement of the Exchange Offer, (B) keep
such registrations or qualifications in effect and comply with such laws so as
to permit the continuance of offers, sales and dealings therein in such
jurisdictions until the expiration of the Resale Period and (C) take any
and all other actions as may be reasonably necessary to enable each
broker-dealer holding Exchange Securities to consummate the disposition thereof
in such jurisdictions; provided, however, that neither the Company nor any
Guarantor shall be required for any such purpose to (1) qualify as a
foreign corporation in any jurisdiction wherein it would not otherwise be required
to qualify but for the requirements of this Section 3(c)(vi),
(2) consent to general service of process in any such jurisdiction or
(3) make any changes to its certificate of incorporation, by-laws or other
organizational document, or any agreement between it and any of its
equityholders;

 

(vii)                           provide
a CUSIP number for all Exchange Securities, not later than the consummation of
the Exchange Offer; and

 

(viii)                        comply in
all material respects with all applicable rules and regulations of the Commission,
and make generally available to its securityholders as soon as practicable but
no later than eighteen months after the effective date of such Exchange
Registration Statement, an earning statement of the Company and its
subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Company, Rule 158 thereunder).

 

(d)                                 In
connection with the Company’s obligations with respect to the Shelf
Registration, if applicable, the Company shall:

 

(i)                                     use
its reasonable best efforts to prepare and file with the Commission within the
time periods specified in Section 2(b), a Shelf Registration Statement on
any form which may be utilized by the Company and which shall register all of
the Registrable Securities (or in the case of a Shelf Registration Statement
filed pursuant to Section 2(b)(iii), the Registrable Securities held by
the Purchasers) for resale by the holders thereof in accordance with such
method or methods of disposition as may be

 

9

 

specified in the applicable Notice and Questionnaire
by such of the holders as, from time to time, may be Electing Holders and use
their reasonable best efforts to cause such Shelf Registration Statement to
become effective within the time periods specified in Section 2(b);

 

(ii)                                  not
less than 15 calendar days prior to the Effective Time of the Shelf
Registration Statement, mail the Notice and Questionnaire to the holders of
Registrable Securities; no holder shall be entitled to be named as a selling
securityholder in the Shelf Registration Statement as of the Effective Time,
and no holder shall be entitled to use the prospectus forming a part thereof
for resales of Registrable Securities at any time, unless such holder has
returned a completed and signed Notice and Questionnaire to the Company by the
deadline for response set forth therein; provided, however, holders of
Registrable Securities shall have at least 13 calendar days from the date on
which the Notice and Questionnaire is first mailed to such holders to return a
completed and signed Notice and Questionnaire to the Company;

 

(iii)                               after
the Effective Time of the Shelf Registration Statement, upon the request of any
holder of Registrable Securities that is not then an Electing Holder, promptly
send a Notice and Questionnaire to such holder; provided that the Company shall
not be required to take any action to name such holder as a selling
securityholder in the Shelf Registration Statement or to enable such holder to
use the prospectus forming a part thereof for resales of Registrable Securities
until such holder has returned a completed and signed Notice and Questionnaire
to the Company;

 

(iv)                              as
soon as practicable prepare and file with the Commission such amendments and
supplements to such Shelf Registration Statement and the prospectus included
therein as may be necessary to effect and maintain the effectiveness of such
Shelf Registration Statement for the period specified in Section 2(b)
hereof and as may be required by the applicable rules and regulations of the
Commission and the instructions applicable to the form of such Shelf
Registration Statement, and furnish to the Electing Holders copies of any such
supplement or amendment as soon as practicable following its filing with the
Commission.  Notwithstanding the
foregoing, the Company may suspend the availability of any Shelf Registration
Statement (x) for up to an aggregate of 30 days in any consecutive
twelve-month period if (i) such action is required by applicable law or,
(ii) such action is taken by the Company in good faith and for valid
business reasons (not including avoidance of the Company’s obligations
hereunder), including the acquisition or divestiture of assets, or
(y) with respect to a Shelf Registration Statement required to be filed
due to a failure to consummate the Exchange Offer within the required time
period, if such action occurs following the consummation of the Exchange Offer;

 

(v)                                 comply
in all material respects with the provisions of the Securities Act with respect
to the disposition of all of the Registrable Securities covered by such Shelf
Registration Statement in accordance with the intended methods of disposition
by the Electing Holders provided for in such Shelf Registration Statement;

 

10

 

(vi)                              for
a reasonable period prior to the filing of such Shelf Registration Statement,
and throughout the period specified in Section 2(b), make reasonably
available at reasonable times at the Company’s principal place of business or
such other reasonable place for inspection by a representative of, and not more
than one counsel acting for, Electing Holders holding at least a majority in
aggregate principal amount of the Registrable Securities at the time
outstanding (the “Majority Electing Holders”) and any underwriter participating
in the distribution of the Registrable Securities being sold (including any
person who may be deemed an underwriter within the meaning of
Section 2(a)(ii) of the Securities Act) such relevant financial and other
pertinent information and books and records of the Company, and use its
reasonable best efforts to cause the officers, employees, counsel and
independent certified public accountants of the Company to respond to such
inquiries, as shall be reasonably necessary to conduct a reasonable
investigation within the meaning of Section 11 of the Securities Act;
provided, however, that the foregoing investigation and information gathering
shall be coordinated on behalf of all such parties by one counsel designated by
and on behalf of all such parties and provided, further, that each such party
shall be required (pursuant to an agreement in form and substance reasonably
satisfactory to the Company) to maintain in confidence and not to disclose to
any other person any information or records reasonably designated by the
Company as being confidential, until such time as (A) such information
becomes a matter of public record (whether by virtue of its inclusion in such
registration statement or otherwise except as a result of a breach of this or
any other obligation of confidentiality to the Company known to such party), or
(B) such person shall be required so to disclose such information pursuant
to a subpoena or order of any court or other governmental agency or body having
jurisdiction over the matter (subject to the requirements of such order, and
only after such person shall have given the Company prompt prior written notice
of such requirement so that the Company, at its expense, may undertake
appropriate action to prevent disclosure of such information or records), or
(C) such information is required to be set forth in such Shelf
Registration Statement or the prospectus included therein or in an amendment to
such Shelf Registration Statement or an amendment or supplement to such
prospectus in order that such Shelf Registration Statement, prospectus,
amendment or supplement, as the case may be, complies with applicable
requirements of the federal securities laws and the rules and regulations of
the Commission and does not contain an untrue statement of a material fact or
omit to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing;

 

(vii)                           promptly
notify each of the Electing Holders and any managing underwriter thereof and
confirm such advice in writing, (A) when such Shelf Registration Statement
or the prospectus included therein or any prospectus amendment or supplement or
post-effective amendment has been filed, and, with respect to such Shelf
Registration Statement or any post-effective amendment, when the same has
become effective, (B) of any request by the Commission for amendments or
supplements to such Shelf Registration Statement or prospectus or for
additional information, (C) of the issuance by the Commission of any stop
order suspending the effectiveness of such Shelf Registration Statement or the
initiation of any proceedings for that purpose, (D) of the receipt by the
Company of any notification with respect to the suspension of the qualification
of the Registrable Securities for sale in any jurisdiction or the initiation of
any proceeding for

 

11

 

such purpose or (E) if at any time when a prospectus
is required to be delivered under the Securities Act, that such Shelf
Registration Statement, prospectus, prospectus amendment or supplement or
post-effective amendment does not conform in all material respects to the
applicable requirements of the Securities Act and the rules and regulations of
the Commission thereunder or contains an untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary to
make the statements therein not misleading in light of the circumstances then
existing;

 

(viii)                        use its
reasonable best efforts to obtain the withdrawal of any order suspending the
effectiveness of such registration statement or any post-effective amendment
thereto at the earliest practicable date;

 

(ix)                                if
requested by any managing underwriter or the Majority Electing Holders,
promptly incorporate in a prospectus supplement or post-effective amendment
such information as is required by the applicable rules and regulations of the
Commission and as such managing underwriter or such Majority Electing Holders
shall specify should be included therein relating to the terms of the sale of
such Registrable Securities, including information with respect to the
principal amount of Registrable Securities being sold by such Majority Electing
Holders or to any underwriters, the names and descriptions of such Majority
Electing Holders or underwriters, the offering price of such Registrable
Securities and any discount, commission or other compensation payable in respect
thereof, the purchase price being paid therefor by such underwriters and with
respect to any other terms of the offering of the Registrable Securities to be
sold by such Majority Electing Holders or to such underwriters; and make all
required filings of such prospectus supplement or post-effective amendment as
soon as practicable after notification of the matters to be incorporated in
such prospectus supplement or post-effective amendment;

 

(x)                                   furnish
to each Electing Holder, and each underwriter, if any, thereof such number of
copies of such Shelf Registration Statement (excluding exhibits thereto and
documents incorporated by reference therein) and of the prospectus included in
such Shelf Registration Statement (including each preliminary prospectus), in
conformity in all material respects with the applicable requirements of the
Securities Act and the rules and regulations of the Commission thereunder, as
such Electing Holder and underwriter, if any, may reasonably request in order
to facilitate the offering and disposition of the Registrable Securities owned
by such Electing Holder or underwritten by such underwriter and to permit such
Electing Holder and underwriter, if any, to satisfy the prospectus delivery
requirements of the Securities Act; and the Company hereby consents to the use
of such prospectus (including such preliminary prospectus) and any amendment or
supplement thereto by each such Electing Holder and by any such underwriter, in
each case in the form most recently provided to such person by the Company, in
connection with the offering and sale of the Registrable Securities covered by
the prospectus (including such preliminary prospectus) or any supplement or
amendment thereto;

 

(xi)                                use
its reasonable best efforts to (A) register or qualify the Registrable
Securities to be included in such Shelf Registration Statement under such
securities laws

 

12

 

or blue sky laws of such jurisdictions as any Electing
Holder and managing underwriter, if any, thereof shall reasonably request,
(B) keep such registrations or qualifications in effect and comply with
such laws so as to permit the continuance of offers, sales and dealings therein
in such jurisdictions during the period the Shelf Registration is required to
remain effective under Section 2(b) above and for so long as may be
necessary to enable any such Electing Holder or underwriter to complete its
distribution of Securities pursuant to such Shelf Registration Statement and
(C) take any and all other actions as may be reasonably necessary to
enable each such Electing Holder and underwriter, if any, to consummate the
disposition in such jurisdictions of such Registrable Securities; provided,
however, that neither the Company nor any Guarantor shall be required for any
such purpose to (1) qualify as a foreign corporation in any jurisdiction
wherein it would not otherwise be required to qualify but for the requirements
of this Section 3(d)(xi), (2) consent to general service of process
in any such jurisdiction or (3) make any changes to its certificate of
incorporation, by-laws or other organizational document, any agreement between
it and any of its equityholders;

 

(xii)                             unless
any Registrable Securities shall be in book-entry only form, cooperate with the
Electing Holders and the managing underwriters; if any, to facilitate the
timely preparation and delivery of certificates representing Registrable
Securities to be sold, which certificates shall not bear any restrictive
legends; and, in the case of an underwritten offering, enable such Registrable
Securities to be in such denominations and registered in such names as the
managing underwriter may request a reasonable amount of time prior to any sale
of the Registrable Securities;

 

(xiii)                          provide
a CUSIP number for all Registrable Securities, not later than the applicable
Effective Time;

 

(xiv)                         enter
into one or more underwriting agreements in customary form, including customary
provisions relating to indemnification and contribution, and use its reasonable
best efforts to take such other actions, if any, in connection therewith as any
Electing Holders aggregating at least 20% in aggregate principal amount of the
Registrable Securities at the time outstanding shall reasonably request in
order to expedite or facilitate the disposition of such Registrable Securities;

 

(xv)                            if
requested by the Majority Electing Holders or if the offering contemplated by
the Shelf Registration is an underwritten offering, use its reasonable best
efforts to (A) make such representations and warranties to the Electing
Holders and the underwriters, if any, thereof in form, substance and scope as
are customarily made in connection with an offering of debt securities pursuant
to any underwriting agreement; (B) obtain an opinion of counsel to the
Company in customary form subject to customary limitations, assumptions and
exclusions and covering such matters, of the type customarily covered by such
an opinion, as the managing underwriters, if any, or as any Electing Holders of
at least 20% in aggregate principal amount of the Registrable Securities at the
time outstanding may reasonably request, addressed to the Electing Holders and
the underwriters, if any, thereof and dated the effective date of such Shelf
Registration Statement (and if such Shelf Registration Statement contemplates
an underwritten offering of a part or all of the Registrable Securities, dated
the date of the

 

13

 

closing under the underwriting agreement relating
thereto); (C) obtain a “cold comfort” letter or letters from the
independent certified public accountants of the Company addressed to the
selling Electing Holders or the underwriters, if any, thereof, dated
(i) the effective date of such Shelf Registration Statement and
(ii) if such Shelf Registration Statement contemplates an underwritten
offering, dated the date of the closing under the underwriting agreement
relating thereto, such letter or letters to be in customary form and covering
such matters of the type customarily covered by letters of such type, subject
to receipt of appropriate documentation as contemplated, and only if permitted,
by Statement of Auditing Standards No. 72; and (D) deliver such
customary documents and certificates, including officers” certificates, as may
be reasonably requested by the Majority Electing Holders and the managing
underwriters, if any, thereof;

 

(xvi)                         notify in
writing each holder of Registrable Securities of any proposal by the Company to
amend or waive any provision of this Exchange and Registration Rights Agreement
pursuant to Section 9(h) hereof and of any amendment or waiver effected
pursuant thereto, each of which notices shall contain the text of the amendment
or waiver proposed or effected, as the case may be;

 

(xvii)                      in the event
that any broker-dealer registered under the Exchange Act shall underwrite any
Registrable Securities or participate as a member of an underwriting syndicate
(within the meaning of the Conduct Rules (the “Conduct Rules”) of the National
Association of Securities Dealers, Inc. (“NASD”) or any successor thereto, as
amended from time to time) thereof as an underwriter, use reasonable best
efforts to provide information to assist such broker-dealer in complying with
the requirements of such Conduct Rules; and

 

(xviii)                   comply in all
material respects with all applicable rules and regulations of the Commission,
and make generally available to its securityholders as soon as practicable but
in any event not later than eighteen months after the effective date of such
Shelf Registration Statement, an earning statement of the Company and its
subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Company, Rule 158 thereunder).

 

(e)                                  In
the event that the Company would be required, pursuant to
Section 3(d)(vii)(E) above, to notify the Electing Holders and the
managing underwriters, if any, thereof, the Company shall as soon as
practicable prepare and furnish to each of the Electing Holders and to each
such underwriter, if any, a reasonable number of copies of a prospectus
supplemented or amended so that, as thereafter delivered to purchasers of
Registrable Securities, such prospectus shall conform in all material respects
to the applicable requirements of the Securities Act and the rules and
regulations of the Commission thereunder and shall not contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing. 
Each broker-dealer and Electing Holder agrees that upon receipt of any
notice from the Company pursuant to Section 3(c)(iii)(E) or
Section 3(d)(vii)(E) hereof, such broker-dealer or Electing Holder shall
forthwith discontinue the disposition of Registrable Securities pursuant to the
Exchange Registration Statement or Shelf Registration Statement applicable to
such Registrable Securities until such broker-dealer or Electing Holder shall
have received copies of

 

14

 

such
amended or supplemented prospectus, and if so directed by the Company, such
broker-dealer or Electing Holder shall deliver to the Company (at the Company’s
expense) all copies, other than permanent file copies, then in such
broker-dealer’s or Electing Holder’s possession of the prospectus covering such
Registrable Securities at the time of receipt of such notice.

 

(f)                                    In
the event of a Shelf Registration, in addition to the information required to
be provided by each Electing Holder in its Notice and Questionnaire, the
Company may require such Electing Holder to furnish to the Company such
additional information regarding such Electing Holder and such Electing
Holder’s intended method of distribution of Registrable Securities as may be
required in order to comply with the Securities Act.  Each such Electing Holder agrees to notify the Company as
promptly as practicable of any inaccuracy or change in information previously
furnished by such Electing Holder to the Company or of the occurrence of any
event in either case as a result of which any prospectus relating to such Shelf
Registration contains or would contain an untrue statement of a material fact
regarding such Electing Holder or such Electing Holder’s intended method of
disposition of such Registrable Securities or omits to state any material fact
regarding such Electing Holder or such Electing Holder’s intended method of
disposition of such Registrable Securities required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing, and promptly to furnish to the Company any
additional information required to correct and update any previously furnished
information or required so that such prospectus shall not contain, with respect
to such Electing Holder or the disposition of such Registrable Securities, an
untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein not misleading
in light of the circumstances then existing.

 

4.                                       Registration Expenses.

 

The Company agrees to bear and to pay or cause to be
paid promptly all expenses incident to the Company’s performance of or
compliance with this Exchange and Registration Rights Agreement, including
(a) all Commission and any NASD registration, filing and review fees and
expenses including the reasonable fees and disbursements of counsel for the
underwriters, if any, in connection with such registration, filing and review, (b) all
fees and expenses in connection with the qualification of the Securities for
offering and sale under the State securities and blue sky laws referred to in
Section 3(d)(xi) hereof and determination of their eligibility for
investment under the laws of such jurisdictions as any managing underwriters or
the Electing Holders may reasonably designate, including the reasonable fees
and disbursements of counsel for the Electing Holders or underwriters in
connection with such qualification and determination, (c) all expenses
relating to the preparation, printing, production, distribution and
reproduction of each registration statement required to be filed hereunder,
each prospectus included therein or prepared for distribution pursuant hereto,
each amendment or supplement to the foregoing, the expenses of preparing the
Securities for delivery and the expenses of printing or producing any
underwriting agreements, agreements among underwriters, selling agreements and
blue sky or legal investment memoranda and all other documents in connection
with the offering, sale or delivery of Securities to be disposed of (including
certificates representing the Securities), (d) messenger, telephone and
delivery expenses relating to the offering, sale or delivery of Securities and
the preparation of documents referred in clause (c) above, (e) reasonable
fees and expenses of the Trustee under the Indenture, any agent of the Trustee
and

 

15

 

any counsel for the Trustee and of any collateral
agent or custodian, (f) internal expenses (including all salaries and
expenses of the Company’s officers and employees performing legal or accounting
duties), (g) fees, disbursements and expenses of counsel of the Company
and independent certified public accountants of the Company (including the
expenses of any opinions or “cold comfort” letters required by or incident to
such performance and compliance), (h) reasonable fees, disbursements and
expenses of any “qualified independent underwriter” engaged pursuant to
Section 3(d)(xvii) hereof, (i) the reasonable fees, disbursements and
expenses of one counsel for the Electing Holders retained in connection with a
Shelf Registration, as selected by the Electing Holders of at least a majority
in aggregate principal amount of the Registrable Securities held by Electing
Holders (which counsel shall be reasonably satisfactory to the Company),
(j) any fees charged by securities rating services for rating the
Securities, and (k) fees, expenses and disbursements of any other persons,
including special experts, retained by the Company in connection with such
registration (collectively, the “Registration Expenses”).  To the extent that any Registration Expenses
are incurred, assumed or paid by any holder of Registrable Securities or any
placement or sales agent therefor or underwriter thereof, the Company shall
reimburse such person for the full amount of the Registration Expenses so
incurred, assumed or paid promptly after receipt of a request therefor.  Notwithstanding the foregoing, the holders
of the Registrable Securities being registered shall pay all agency fees and
commissions and underwriting discounts and commissions attributable to the sale
of such Registrable Securities and the fees and disbursements of any counsel or
other advisors or experts retained by such holders (severally or jointly),
other than the counsel and experts specifically referred to above.

 

5.                                       [Intentionally
Omitted.]

 

6.                                       Indemnification.

 

(a)                                  Indemnification by the Company.  The Company will indemnify and hold harmless
each of the broker-dealers whose Registrable Securities are included in an
Exchange Registration Statement and each of the Electing Holders of Registrable
Securities included in a Shelf Registration Statement against any losses,
claims, damages or liabilities, joint or several, to which such broker-dealer
or Electing Holder may become subject under the Securities Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Exchange Registration Statement
or Shelf Registration Statement, as the case may be, under which such
Registrable Securities were registered under the Securities Act, or any
preliminary, final or summary prospectus contained therein or furnished by the
Company to any such broker-dealer or Electing Holder, or any amendment 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 to make the statements therein not misleading, and will reimburse
such broker-dealer or Electing Holder for any legal or other expenses
reasonably incurred by them in connection with investigating or defending any
such action or claim as such expenses are incurred; provided, however, that
(i) the Company shall not be liable to any such person in any such case to
the extent that any such loss, claim, damage or liability arises out of or is
based upon an untrue statement or alleged untrue statement or omission or
alleged omission made in such registration statement, or preliminary, final or
summary prospectus, or amendment or supplement thereto, in reliance upon and in
conformity with written information furnished to the

 

16

 

Company
by such person expressly for use therein and (ii) with respect to any
untrue statement or alleged untrue statement or omission or alleged omission
made in a Shelf Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary prospectus relating to a Shelf
Registration Statement, the indemnity agreement contained in this
Section 6(a) will not inure to the benefit of any broker-dealer or
Electing Holder from whom the person asserting any such loss, claim, damage or
liability purchased the Registrable Securities purchased concerned, to the
extent that at the time of such purchase such broker-dealer or Electing Holder
had received timely written advice from the Company prior to such purchase that
the use of such prospectus, amendment, supplement or preliminary prospectus was
suspended as provided in Section 3(e).

 

(b)                                 Indemnification by the Holders.  The Company may require, as a condition to
including any Registrable Securities in any registration statement filed
pursuant to Section 2(b) hereof, that the Company shall have received an
undertaking reasonably satisfactory to it from the Electing Holder of such
Registrable Securities, severally and not jointly, to (i) indemnify and
hold harmless the Company and all other holders of Registrable Securities,
against any losses, claims, damages or liabilities to which the Company or such
other holders of Registrable Securities may become subject, under the
Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in
such registration statement, or any preliminary, final or summary prospectus
contained therein or furnished by the Company to any such Electing Holder, or
any amendment 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 to make the statements therein not misleading, in
each case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information furnished to the Company by
such Electing Holder expressly for use therein, and (ii) reimburse the
Company for any legal or other expenses reasonably incurred by the Company in
connection with investigating or defending any such action or claim as such
expenses are incurred; provided, however, that no such Electing Holder shall be
required to undertake liability to any person under this Section 6(b) for
any amounts in excess of the dollar amount of the proceeds to be received by
such Electing Holder from the sale of such Electing Holder’s Registrable
Securities pursuant to such registration.

 

(c)                                  Notices of Claims, Etc.  Promptly after receipt by an indemnified
party under subsection (a) or (b) above of written notice of the
commencement of any action, such indemnified party shall, if a claim in respect
thereof is to be made against an indemnifying party pursuant to the
indemnification provisions of or contemplated by this Section 6, notify
such indemnifying party in writing of the commencement of such action; but the
omission so to notify the indemnifying party shall not relieve it from any
liability which it may have to any indemnified party otherwise than under the
indemnification provisions of or contemplated by Section 6(a) or 6(b)
hereof.  In case any such action shall
be brought against any indemnified party and it shall notify an indemnifying
party of the commencement thereof, such 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 reasonably satisfactory to such indemnified party (who shall not,
except with the consent of the indemnified party, be counsel to the
indemnifying party), and, after notice from the indemnifying

 

17

 

party to
such indemnified party of its election so to assume the defense thereof, such
indemnifying party shall not be liable to such indemnified party for any legal
expenses of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense thereof
other than reasonable costs of investigation. 
No indemnifying party shall, without the written consent of the
indemnified party, effect the settlement or compromise of, or consent to the
entry of any judgment with respect to, any pending or threatened action or
claim in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified party is an actual or potential party
to such action or claim) unless such settlement, compromise or judgment
(i) includes an unconditional release of the indemnified party from all
liability arising out of such action or claim and (ii) does not include a
statement as to or an admission of fault, culpability or a failure to act by or
on behalf of any indemnified party.

 

(d)                                 Contribution.  If for any reason the indemnification provisions contemplated by
Section 6(a) or Section 6(b) are unavailable to or insufficient to
hold harmless an indemnified party in respect of any losses, claims, damages or
liabilities (or actions in respect thereof) referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages or liabilities
(or actions in respect thereof) in such proportion as is appropriate to reflect
the relative fault of the indemnifying party and the indemnified party in
connection with the statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect thereof), as well as any
other relevant equitable considerations. 
The relative fault of such indemnifying party and indemnified party
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or omission or alleged omission to
state a material fact relates to information supplied by such indemnifying
party or by such indemnified party, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission.  The parties hereto
agree that it would not be just and equitable if contributions pursuant to this
Section 6(d) were determined by pro rata allocation (even if the holders
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 in this Section 6(d).  The amount paid or payable by an indemnified
party as a result of the losses, claims, damages, or liabilities (or actions in
respect thereof) referred to above shall be deemed to include any legal or
other fees or expenses reasonably incurred by such indemnified party in
connection with investigating or defending any such action or claim.  Notwithstanding the provisions of this
Section 6(d), no holder shall be required to contribute any amount in
excess of the amount by which the dollar amount of the proceeds received by
such holder from the sale of any Registrable Securities (after deducting any
fees, discounts and commissions applicable thereto) exceeds the amount of any
damages which such holder has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any person who was not guilty of
such fraudulent misrepresentation.  The
holders’ and any underwriters’ obligations in this Section 6(d) to
contribute shall be several in proportion to the principal amount of
Registrable Securities registered or underwritten, as the case may be, by them
and not joint.

 

18

 

(e)                                  The
obligations of the Company under this Section 6 shall be in addition to
any liability which the Company may otherwise have and shall extend, upon the
same terms and conditions, to each officer, director and partner of each holder
and each person, if any, who controls any holder within the meaning of the
Securities Act; and the obligations of the holders contemplated by this
Section 6 shall be in addition to any liability which the respective
holder may otherwise have and shall extend, upon the same terms and conditions,
to each officer and director of the Company (including any person who, with his
consent, is named in any registration statement as about to become a director
of the Company) and to each person, if any, who controls the Company within the
meaning of the Securities Act.

 

7.                                       Underwritten Offerings.

 

(a)                                  Selection of Underwriters.  If any of the Registrable Securities covered
by the Shelf Registration are to be sold pursuant to an underwritten offering,
the managing underwriter or underwriters thereof shall be designated by
Electing Holders holding at least a majority in aggregate principal amount of
the Registrable Securities to be included in such offering, subject to the
consent of the Company (which shall not be unreasonably withheld or delayed)
and such Electing Holders shall be responsible for all underwriting discounts
and commissions in connection therewith.

 

(b)                                 Participation by Holders.  Each holder of Registrable Securities hereby
agrees with each other such holder that no such holder may participate in any
underwritten offering hereunder unless such holder (i) agrees to sell such
holder’s Registrable Securities on the basis provided in any underwriting
arrangements approved by the persons entitled hereunder to approve such
arrangements and (ii) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements.

 

8.                                       Rule 144.

 

The Company covenants to
the holders of Registrable Securities that to the extent it shall be required
to do so under the Exchange Act, the Company shall timely file the reports
required to be filed by it under the Exchange Act or the Securities Act
(including the reports under Section 13 and 15(d) of the Exchange Act
referred to in subparagraph (c)(1) of Rule 144 adopted by the Commission under
the Securities Act) and the rules and regulations adopted by the Commission
thereunder, and shall take such further action as any holder of Registrable
Securities may reasonably request, all to the extent required from time to time
to enable such holder to sell Registrable Securities without registration under
the Securities Act within the limitations of the exemption provided by Rule 144
under the Securities Act, as such Rule may be amended from time to time, or any
similar or successor rule or regulation hereafter adopted by the
Commission.  Upon the request of any
holder of Registrable Securities in connection with that holder’s sale pursuant
to Rule 144, the Company shall deliver to such holder a written statement as to
whether it has complied with such requirements.  The Company will be deemed to have satisfied the foregoing
requirements if either of the Company’s parents, CDRV Holdings, Inc. or CDRV
Investors, Inc. files such reports and takes such actions of the types otherwise
so required, in each case within the applicable time periods.

 

19

 

9.                                       Miscellaneous.

 

(a)                                  No Inconsistent Agreements.  The Company represents, warrants, covenants
and agrees that it has not granted, and shall not grant, registration rights
with respect to Registrable Securities or any other securities which would be
inconsistent with the terms contained in this Exchange and Registration Rights
Agreement.

 

(b)                                 Specific Performance.  The parties hereto acknowledge that there
would be no adequate remedy at law if the Company fails to perform any of its
obligations hereunder and that the Purchasers and the holders from time to time
of the Registrable Securities may be irreparably harmed by any such failure,
and accordingly agree that the Purchasers and such holders, in addition to any
other remedy to which they may be entitled at law or in equity, shall be
entitled to compel specific performance of the obligations of the Company under
this Exchange and Registration Rights Agreement in accordance with the terms
and conditions of this Exchange and Registration Rights Agreement, in any court
of the United States or any State thereof having jurisdiction.

 

(c)                                  Notices. 
All notices, requests, claims, demands, waivers and other communications
hereunder shall be in writing and shall be deemed to have been duly given when
delivered by hand, if delivered personally or by courier, or three days after
being deposited in the mail (registered or certified mail, postage prepaid,
return receipt requested) as follows: 
If to the Company, to it at 1310 Goshen Parkway, P.O. Box 2656, West
Chester, Pennsylvania 19380, Attention: 
Secretary, with a copy to David A. Brittenham, Esq., Debevoise &
Plimpton LLP, 919 Third Avenue, New York, New York 10022, and if to a holder, to
the address of such holder set forth in the security register or other records
of the Company, or to such other address as the Company or any such holder may
have furnished to the other in writing in accordance herewith, except that
notices of change of address shall be effective only upon receipt.

 

(d)                                 Parties in Interest.  All the terms and provisions of this
Exchange and Registration Rights Agreement shall be binding upon, shall inure
to the benefit of and shall be enforceable by the parties hereto and the
holders from time to time of the Registrable Securities and the respective
successors and assigns of the parties hereto and such holders.  In the event that any transferee of any
holder of Registrable Securities shall acquire Registrable Securities, in any
manner, whether by gift, bequest, purchase, operation of law or otherwise, such
transferee shall, without any further writing or action of any kind, be deemed
a beneficiary hereof for all purposes and such Registrable Securities shall be
held subject to all of the terms of this Exchange and Registration Rights
Agreement, and by taking and holding such Registrable Securities such
transferee shall be entitled to receive the benefits of, and be conclusively
deemed to have agreed to be bound by all of the applicable terms and provisions
of this Exchange and Registration Rights Agreement.  If the Company shall so request, any such successor, assign or
transferee shall agree in writing to acquire and hold the Registrable
Securities subject to all of the applicable terms hereof.

 

(e)                                  Survival. 
The respective indemnities, agreements, representations, warranties and
each other provision set forth in this Exchange and Registration Rights
Agreement or made pursuant hereto shall remain in full force and effect regardless
of any investigation (or statement as to the results thereof) made by or on
behalf of any holder of

 

20

 

Registrable
Securities, any director, officer or partner of such holder, any agent or
underwriter or any director, officer or partner thereof, or any controlling
person of any of the foregoing, and shall survive delivery of and payment for
the Registrable Securities pursuant to the Purchase Agreement and the transfer
and registration of Registrable Securities by such holder and the consummation
of an Exchange Offer.

 

(f)                                    Governing Law.  This Exchange and Registration Rights Agreement shall be governed
by and construed in accordance with the laws of the State of New York.

 

(g)                                 Headings. 
The descriptive headings of the several Sections and paragraphs of this
Exchange and Registration Rights Agreement are inserted for convenience only,
do not constitute a part of this Exchange and Registration Rights Agreement and
shall not affect in any way the meaning or interpretation of this Exchange and
Registration Rights Agreement.

 

(h)                                 Entire Agreement; Amendments.  This Exchange and Registration Rights
Agreement and the other writings referred to herein (including the Indenture
and the form of Securities) or delivered pursuant hereto which form a part
hereof contain the entire understanding of the parties with respect to its
subject matter.  This Exchange and
Registration Rights Agreement supersedes all prior agreements and
understandings between the parties with respect to its subject matter.  This Exchange and Registration Rights
Agreement may be amended and the observance of any term of this Exchange and
Registration Rights Agreement may be waived (either generally or in a
particular instance and either retroactively or prospectively) only by a
written instrument duly executed by the Company and the holders of at least a
majority in aggregate principal amount of the Registrable Securities at the
time outstanding.  Each holder of any
Registrable Securities at the time or thereafter outstanding shall be bound by
any amendment or waiver effected pursuant to this Section 9(h), whether or
not any notice, writing or marking indicating such amendment or waiver appears
on such Registrable Securities or is delivered to such holder.

 

(i)                                     Counterparts.  This agreement may be executed by the parties in counterparts,
each of which shall be deemed to be an original, but all such respective
counterparts shall together constitute one and the same instrument.

 

If the foregoing is in accordance with your
understanding, please sign and return to us six counterparts hereof, and upon
the acceptance hereof by you, on behalf of each of the Purchasers, this letter
and such acceptance hereof shall constitute a binding agreement between each of
the Purchasers and the Company.  It is
understood that your acceptance of this letter on behalf of each of the
Purchasers is pursuant to the authority set forth in a form of Agreement among
Purchasers, the form of which shall be submitted to the Company for examination
upon request, but without warranty on your part as to the authority of the
signers thereof.

 

 

[Signature Pages Follow]

 

21

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CDRV Acquisition
  Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ GEORGE K. JAQUETTE

  	
   

  
	
   

  	
   

  	
  Name:  George K. Jaquette

  
	
   

  	
   

  	
  Title:  Vice President and Treasurer

  

 

 

	
  Accepted as of the date
  hereof:

  	
   

  
	
   

  	
   

  
	
  DEUTSCHE BANK
  SECURITIES INC.

  	
   

  
	
  CITIGROUP GLOBAL
  MARKETS INC.

  	
   

  
	
  BANC OF AMERICA
  SECURITIES LLC

  	
   

  
	
  BNP PARIBAS SECURITIES
  CORP.

  	
   

  
	
  BARCLAYS CAPITAL INC.

  	
   

  
	
  PNC CAPITAL MARKETS,
  INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ DAVID S. BAILEY

  	
   

  	
   

  
	
   

  	
  (Deutsche Bank
  Securities Inc.)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ MARK FEDERICK

  	
   

  	
   

  
	
   

  	
  (Deutsche Bank
  Securities Inc.)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  On behalf of each of
  the Purchasers

  	
   

  

 

 

[Senior Subordinated
Notes Exchange and Registration Rights Agreement]

 

 

Exhibit A

 

VWR International, Inc.

 

 

INSTRUCTION TO DTC PARTICIPANTS

 

 

(Date of Mailing)

 

 

URGENT - IMMEDIATE ATTENTION REQUESTED

 

 

DEADLINE FOR RESPONSE:  [DATE](a)

 

The Depository Trust Company (“DTC”) has identified
you as a DTC Participant through which beneficial interests in the VWR
International, Inc. (the “Company”) 8% Senior Subordinated Notes due 2014 (the
“Securities”) are held.

 

The Company is in the process of registering the Securities
under the Securities Act of 1933 for resale by the beneficial owners
thereof.  In order to have their
Securities included in the registration statement, beneficial owners must
complete and return the enclosed Notice of Registration Statement and Selling
Securityholder Questionnaire.

 

It is important that beneficial owners of the
Securities receive a copy of the enclosed materials as soon as possible
as their rights to have the Securities included in the registration statement
depend upon their returning the Notice and Questionnaire by [Deadline For
Response].  Please forward a copy of the
enclosed documents to each beneficial owner that holds interests in the
Securities through you.  If you require
more copies of the enclosed materials or have any questions pertaining to this
matter, please contact VWR International, Inc., 1310 Goshen Parkway, P.O. Box
2656, West Chester, Pennsylvania 19380, Attention:  Secretary, (610) 431-1700.

 

(a)                        Not less
than 28 calendar days from date of mailing.

 

A-1

 

VWR International, Inc.

 

 

Notice of Registration Statement 

and

Selling Securityholder Questionnaire

 

 

(Date)

 

Reference is hereby made to the Exchange and
Registration Rights Agreement (the “Exchange and Registration Rights
Agreement”) between VWR International, Inc. (the “Company”) and the Purchasers
named therein.  Pursuant to the Exchange
and Registration Rights Agreement, the Company has filed with the United States
Securities and Exchange Commission (the “Commission”) a registration statement
on Form [    ] (the “Shelf Registration Statement”) for the
registration and resale under Rule 415 of the Securities Act of 1933, as
amended (the “Securities Act”), of the Company’s 8% Senior Subordinated Notes
due 2014 (the “Securities”).  A copy of
the Exchange and Registration Rights Agreement is attached hereto.  All capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Exchange and
Registration Rights Agreement.

 

Each beneficial owner of Registrable Securities (as
defined below) is entitled to have the Registrable Securities beneficially
owned by it included in the Shelf Registration Statement.  In order to have Registrable Securities included
in the Shelf Registration Statement, this Notice of Registration Statement and
Selling Securityholder Questionnaire (“Notice and Questionnaire”) must be
completed, executed and delivered to the Company’s counsel at the address set
forth herein for receipt ON OR BEFORE [Deadline for Response].  Beneficial owners of Registrable Securities
who do not complete, execute and return this Notice and Questionnaire by such
date (i) will not be named as selling securityholders in the Shelf
Registration Statement and (ii) may not use the Prospectus forming a part
thereof for resales of Registrable Securities.

 

Certain legal consequences arise from being named as a
selling securityholder in the Shelf Registration Statement and related
Prospectus.  Accordingly, holders and
beneficial owners of Registrable Securities are advised to consult their own
securities law counsel regarding the consequences of being named or not being
named as a selling securityholder in the Shelf Registration Statement and
related Prospectus.

 

The term “Registrable Securities” is defined in
the Exchange and Registration Rights Agreement.

 

A-2

 

ELECTION

 

The undersigned holder (the “Selling Securityholder”)
of Registrable Securities hereby elects to include in the Shelf Registration Statement
the Registrable Securities beneficially owned by it and listed below in Item
(3).  The undersigned, by signing and
returning this Notice and Questionnaire, agrees to be bound with respect to
such Registrable Securities by the terms and conditions of this Notice and
Questionnaire and the Exchange and Registration Rights Agreement, including,
without limitation, Section 6 of the Exchange and Registration Rights
Agreement, as if the undersigned Selling Securityholder were an original party
thereto.

 

Upon any sale of Registrable Securities pursuant to
the Shelf Registration Statement, the Selling Securityholder will be required
to deliver to the Company and Trustee the Notice of Transfer set forth in
Appendix A to the Prospectus and as Exhibit B to the Exchange and Registration
Rights Agreement.

 

The Selling Securityholder hereby provides the
following information to the Company and represents and warrants that such
information is accurate and complete:

 

A-3

 

QUESTIONNAIRE

 

(1)                                  (a)                                  Full Legal Name of Selling Securityholder:

 

(b)                                 Full
Legal Name of Registered Holder (if not the same as in (a) above) of
Registrable Securities Listed in Item (3) below:

 

(c)                                  Full
Legal Name of DTC Participant (if applicable and if not the same as (b) above)
Through Which Registrable Securities Listed in Item (3) below are Held:

 

(2)                                  Address for Notices to Selling
Securityholder:

 

 

 

Telephone:

 

Fax:

 

Contact Person:

 

(3)                                  Beneficial Ownership of Securities:

 

Except as set forth below
in this Item (3), the undersigned does not beneficially own any Securities.

 

(a)                                  Principal
amount of Registrable Securities beneficially owned:

CUSIP No(s). of such Registrable Securities:

(b)                                 Principal
amount of Securities other than Registrable Securities beneficially owned:

CUSIP No(s). of such other Securities:

(c)                                  Principal
amount of Registrable Securities which the undersigned wishes to be included

in the Shelf Registration Statement:

CUSIP No(s). of such Registrable Securities to be included in the Shelf
Registration Statement:

 

(4)                                  Beneficial Ownership of Other Securities
of the Company:

 

Except as set forth below
in this Item (4), the undersigned Selling Securityholder is not the beneficial
or registered owner of any other securities of the Company, other than the
Securities listed above in Item (3).

 

State any exceptions
here:

 

A-4

 

(5)                                  Relationships with the Company:

 

Except as set forth
below, neither the Selling Securityholder nor any of its affiliates, officers,
directors or principal equity holders (5% or more) has held any position or
office or has had any other material relationship with the Company (or its
predecessors or affiliates) during the past three years.

 

State any exceptions here:

 

(6)                                  Plan of Distribution:

 

Except as set forth
below, the undersigned Selling Securityholder intends to distribute the
Registrable Securities listed above in Item (3) only as follows (if at
all):  Such Registrable Securities may
be sold from time to time directly by the undersigned Selling Securityholder
or, alternatively, through underwriters, broker-dealers or agents.  Such Registrable Securities may be sold in
one or more transactions at fixed prices, at prevailing market prices at the
time of sale, at varying prices determined at the time of sale, or at
negotiated prices.  Such sales may be
effected in transactions (which may involve crosses or block transactions)
(i) on any national securities exchange or quotation service on which the
Registered Securities may be listed or quoted at the time of sale, (ii) in
the over-the-counter market, (iii) in transactions otherwise than on such
exchanges or services or in the over-the-counter market, or (iv) through
the writing of options.  In connection
with sales of the Registrable Securities or otherwise, the Selling
Securityholder may enter into hedging transactions with broker-dealers, which
may in turn engage in short sales of the Registrable Securities in the course
of hedging the positions they assume. 
The Selling Securityholder may also sell Registrable Securities short
and deliver Registrable Securities to close out such short positions, or loan
or pledge Registrable Securities to broker-dealers that in turn may sell such
securities.

 

State any exceptions
here:

 

By signing below, the Selling Securityholder
acknowledges that it understands its obligation to comply, and agrees that it
will comply, with the provisions of the Exchange Act and the rules and
regulations thereunder, particularly Regulation M.

 

In the event that the Selling Securityholder transfers
all or any portion of the Registrable Securities listed in Item (3) above after
the date on which such information is provided to the Company, the Selling
Securityholder agrees to notify the transferee(s) at the time of the transfer
of its rights and obligations under this Notice and Questionnaire and the
Exchange and Registration Rights Agreement.

 

By signing below, the Selling Securityholder consents
to the disclosure of the information contained herein in its answers to Items
(1) through (6) above and the inclusion of such information in the Shelf
Registration Statement and related Prospectus. 
The Selling Securityholder understands that such information will be relied
upon by the Company in connection with the preparation of the Shelf
Registration Statement and related Prospectus.

 

In accordance with the Selling Securityholder’s
obligation under Section 3(d) of the Exchange and Registration Rights
Agreement to provide such information as may be required by law for inclusion
in the Shelf Registration Statement, the Selling Securityholder agrees to
promptly notify the Company of any inaccuracies or changes in the information
provided herein which may occur subsequent to the date hereof at any time while
the Shelf Registration Statement remains in effect.  All notices hereunder and

 

A-5

 

pursuant to the Exchange and Registration Rights
Agreement shall be made in writing, by hand-delivery, first-class mail, or air
courier guaranteeing overnight delivery as follows:

 

(i)                                    To the Company:

 

VWR International,
Inc.

1310 Goshen Parkway, P.O. Box 2656 

West Chester, Pennsylvania 19380

Attention:  Secretary

 

(ii)                                With a copy to:

 

David A.
Brittenham, Esq. 

Debevoise & Plimpton LLP 

919 Third Avenue

New York, New York 10022

 

Once this Notice and Questionnaire is executed by the
Selling Securityholder and received by the Company’s counsel, the terms of this
Notice and Questionnaire, and the representations and warranties contained
herein, shall be binding on, shall inure to the benefit of and shall be
enforceable by the respective successors, heirs, personal representatives, and
assigns of the Company and the Selling Securityholder (with respect to the
Registrable Securities beneficially owned by such Selling Securityholder and
listed in Item (3) above).  This
Agreement shall be governed in all respects by the laws of the State of New
York.

 

IN WITNESS WHEREOF, the undersigned, by authority duly
given, has caused this Notice and Questionnaire to be executed and delivered
either in person or by its duly authorized agent.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Selling Securityholder

  
	
   

  	
  (Print/type full legal
  name of beneficial owner of Registrable Securities)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

A-6

 

PLEASE RETURN THE COMPLETED AND EXECUTED NOTICE AND
QUESTIONNAIRE FOR RECEIPT ON OR BEFORE [DEADLINE FOR RESPONSE] TO THE COMPANY’S
COUNSEL AT:

 

David A.
Brittenham, Esq. 

Debevoise & Plimpton LLP 

919 Third Avenue

New York, New York 10022

 

A-7

 

Exhibit B

 

NOTICE OF TRANSFER PURSUANT TO REGISTRATION STATEMENT

 

Wells Fargo Bank, National Association

VWR International, Inc.

c/o Wells Fargo Bank, National Association 

213 Court Street, Suite 703

Middletown, Connecticut 06457

 

Attention: 
Trust Officer

 

Re:                               VWR
International, Inc. (the “Company”)

8% Senior Subordinated Notes due 2014

 

Dear Sirs:

 

Please be advised that
                     
has transferred $                     
aggregate principal amount of the above-referenced Notes pursuant to an
effective Registration Statement on Form
[       ] (File No. 333-) filed by the
Company.

 

We hereby certify that the prospectus delivery
requirements, if any, of the Securities Act of 1933, as amended, have been
satisfied and that the above-named beneficial owner of the Notes is named as a
“Selling Holder” in the Prospectus dated [date] or in supplements thereto, and
that the aggregate principal amount of the Notes transferred are the Notes
listed in such Prospectus opposite such owner’s name.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Name)

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  (Authorized Signature)

  
					

 

B-1Exhibit 4.10

 

Form of Note(1)

(FACE OF NOTE)

 

CDRV ACQUISITION CORPORATION

(to be succeeded by virtue of merger by VWR International, Inc.)

 

67/8% Senior Notes Due 2012

 

CUSIP No. [•](2)[•](3)

No.
                                                            $
                 

 

CDRV Acquisition Corporation, a corporation duly
organized and existing under the laws of the State of Delaware (and its
successors and assigns, including VWR International, Inc., a Delaware
corporation) (the “Company”), promises to pay to                                                  ,
or registered assigns, the principal sum of
$                               
([                               ]
United States Dollars) [(or such lesser or greater amount as shall be
outstanding hereunder from time to time in accordance with Sections 312 and 313
of the Indenture referred to on the reverse hereof)](4) (the “Principal
Amount”) on April 15, 2012.   The
Company promises to pay interest semi-annually on April 15 and October 15 in each
year, commencing October 15, 2004, at the rate of 67/8%
per annum [(subject to adjustment as provided below)](5) [, except that
interest accrued on this Note for periods prior to the date on which the
Initial Note was surrendered in exchange for this Note will accrue at the rate
or rates borne by such Initial Note from time to time during such periods](6),
until the Principal Amount is paid or made available for payment. [Interest on
this Note will accrue from the most recent date to which interest on this Note
or any of its Predecessor Notes has been paid or duly provided for or, if no
interest has been paid, from the Issue Date.](7)  [Interest on this Note will accrue (or will be deemed to have
accrued) from the most recent date to which interest on this Note or any of its
Predecessor Notes has been paid or duly provided for or, if no such interest
has been paid, from
[                     ,
          ](8).](9)  Interest on the Notes shall be computed on
the basis of a 360-day year of twelve 30-day months.  The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Note (or one or more Predecessor Notes) is
registered at the close of business on the Regular

 

(1)                                  Insert
any applicable legends from Article II.

(2)                                  Include
only for Initial Note.

(3)                                  Include only for
Exchange Note.

(4)                                  Include
only if the Note is issued in global form.

(5)                                  Include
only for Initial Note.

(6)                                  Include
only for Exchange Note.

(7)                                  Include
only for Original Notes.

(8)                                  Insert
the Interest Payment Date immediately preceding the date of issuance of the
applicable Additional Notes, or if the date of issuance of such Additional
Notes is an Interest Payment Date, such date of issuance.

(9)                                  Include
only for Additional Notes (and Exchange Notes issued in the exchange therefor).

 

 

Record Date for
such interest, which shall be the April 1 or October 1 (whether or not a
Business Day), as the case may be, next preceding such Interest Payment
Date.  Any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the
Holder on such Regular Record Date and may either be paid to the Person in
whose name this Note (or one or more Predecessor Notes) is registered at the
close of business on a Special Record Date for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to Holders
of Notes not more than 15 days nor less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent
with the requirements of any securities exchange on which the Notes may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture.

 

[The Holder of this Note is entitled to the benefits
of the Exchange and Registration Rights Agreement, dated April 7, 2004, among
the Company and the initial purchasers named therein (the “Registration Rights
Agreement”).  Until (i) this Note has been
exchanged for an Exchange Security (as defined in the Registration Rights
Agreement) in an Exchange Offer (as defined in the Registration Rights
Agreement); (ii) a Shelf Registration Statement (as defined in the Registration
Rights Agreement) registering this Note under the Securities Act has been
declared or becomes effective and this Note has been sold or otherwise
transferred by the holder thereof pursuant to and in a manner contemplated by
such effective Shelf Registration Statement; (iii) this Note is sold pursuant
to Rule 144 under circumstances in which any legend borne by this Note relating
to restrictions on transferability thereof, under the Securities Act or
otherwise, is removed by the Company or pursuant to the Indenture referred to
on the reverse hereof; or (iv) this Note is eligible to be sold pursuant to
paragraph (k) of Rule 144:  From and
including the date on which a Registration Default  (as defined below) shall occur to but excluding the date on which
such Registration Default has been cured, additional interest will accrue on
this Note until such time as all Registration Defaults have been cured at the
rate of (a) prior to the 91st day of such period (for so long as such period is
continuing), 0.25% per annum and (b) thereafter (so long as such period is
continuing), 0.50% per annum.  Any such
additional interest shall not exceed such respective rates for such respective
periods, and shall not in any event exceed 0.50% per annum in the aggregate,
regardless of the number of Registration Defaults that shall have occurred and
be continuing.  Any such additional
interest shall be paid in the same manner and on the same dates as interest
payments in respect of this Note. 
Following the cure of all Registration Defaults, the accrual of such
additional interest will cease.  A
Registration Default under clause (iv) or (v) below will be deemed cured upon
consummation of the Exchange Offer in the case of a Shelf Registration
Statement required to be filed due to a failure to consummate the Exchange
Offer within the required time period. 
For purposes of the foregoing, each of the following events, as more
particularly defined in the Registration Rights Agreement, is a “Registration
Default”:  (i) neither the Exchange
Registration Statement (as defined in the Registration Rights Agreement) nor a
Shelf Registration Statement (applicable to all of the Registrable Securities
(as defined in the Registration Rights Agreement)) has been filed with the SEC
on or before 150 days after the Issue Date; (ii) the Exchange Registration
Statement has not become effective or been declared effective on or before 240
days after the Issue Date; (iii) the Exchange Offer has not been consummated
within 270 days after the Issue Date; (iv) if a Shelf Registration Statement

 

 

required by the
Registration Rights Agreement is not declared effective by the SEC on or before
150 days after the date on which the obligation to file the Shelf Registration
Statement arises or (v) if any Shelf Registration Statement required by the
Registration Rights Agreement is filed and declared effective, and during the
time the Company is required to use its reasonable best efforts to cause the
Shelf Registration Statement to remain effective, (1) the Company shall have
suspended the Shelf Registration Statement for more than 30 days in the
aggregate in any consecutive twelve-month period and be continuing to suspend
the availability of the Shelf Registration Statement, or (2) the Shelf
Registration Statement ceases to be effective (other than by action of the
Company) without being succeeded within 60 days by a Shelf Registration
Statement that is filed and declared effective.](10) (11)

 

Payment of the principal of (and premium, if any) and
interest on this Note will be made at the Corporate Trust Office of the
Trustee, or such other office or agency of the Company maintained for that
purpose; provided, however, that at the option of the Company
payment of interest may be made by check mailed to the address of the Person
entitled thereto as such address shall appear in the Note Register.

 

Reference is hereby made to the further provisions of
this Note set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

 

Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof by manual signature,
this Note shall not be entitled to any benefit under the Indenture or be valid
or obligatory for any purpose.

 

 

(10)                            Include
only for Initial Note when required by the Registration Rights Agreement.

(11)                            For an
Initial Additional Note, add any similar provision, if any, as may be agreed by
the Issuers with respect to additional interest on such Initial Additional
Note.

 

 

IN WITNESS WHEREOF, the Company has caused this instrument
to be duly executed.

 

 

	
   

  	
  CDRV ACQUISITION CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
   Name:

  
	
   

  	
   

  	
   Title:

  

 

 

This is one of the Notes referred to in the
within-mentioned Indenture.

 

	
   

  	
  WELLS FARGO
  BANK, NATIONAL

  ASSOCIATION

  
	
   

  	
  As Trustee

  
	
   

  
	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized Officer

  
					

 

Dated:

 

 

(REVERSE OF NOTE)

 

This Note is one of the duly authorized issue of 67/8%
Senior Notes Due 2012 of the Company (herein called the “Notes”), issued under
an Indenture, dated as of April 7, 2004 (herein called the “Indenture,” which
term shall have the meanings assigned to it in such instrument), among the
Company, as issuer, the Subsidiary Guarantors from time to time parties
thereto, as Subsidiary Guarantors, and Wells Fargo Bank, National Association,
as Trustee (herein called the “Trustee,” which term includes any successor
trustee under the Indenture), and reference is hereby made to the Indenture for
a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, any other obligor upon this Note, the
Trustee and the Holders of the Notes and of the terms upon which the Notes are,
and are to be, authenticated and delivered. 
The terms of the Notes include those stated in the Indenture and those
made a part of the Indenture by reference to the Trust Indenture Act of 1939,
as amended, as in effect from time to time (the “TIA”).  The Notes are subject to all such terms, and
Holders are referred to the Indenture and the TIA for a statement of such
terms.  Additional Notes may be issued
under the Indenture which will vote as a class with the Notes and otherwise be
treated as Notes for purposes of the Indenture.

 

All terms used in this Note that are defined in the
Indenture shall have the meanings assigned to them in the Indenture.

 

This Note may hereafter be entitled to certain other
senior Subsidiary Guarantees made for the benefit of the Holders.  Reference is made to Article XIII of the
Indenture for terms relating to such Subsidiary Guarantees, including the
release, termination and discharge thereof. 
Neither the Company nor any Subsidiary Guarantor shall be required to
make any notation on this Note to reflect any Subsidiary Guarantee or any such
release, termination or discharge.

 

The Notes will be redeemable, at the Company’s option,
in whole or in part, and from time to time on and after April 15, 2008 and
prior to maturity at the applicable redemption price set forth below. Such
redemption may be made upon notice mailed by first-class mail to each Holder’s
registered address in accordance with the Indenture.  The Company may provide in such notice that payment of the
redemption price and the performance of the Company’s obligations with respect
to such redemption may be performed by another Person. Any such redemption and
notice may, in the Company’s discretion, be subject to the satisfaction of one
or more conditions precedent, including the occurrence of a Change of
Control.  The Notes will be so
redeemable at the following redemption prices (expressed as a percentage of
principal amount), plus accrued
and unpaid interest, if any, to the relevant Redemption Date (subject to the
right of Holders of record on the relevant Regular Record Date to receive
interest due on the relevant Interest Payment Date), if redeemed during the
12-month period commencing on April 15 of the years set forth below:

 

	
  Period

  	
   

  	
  Redemption
  Price

  	
   

  
	
  2008

  	
   

  	
  103.438

  	
  %

  
	
  2009

  	
   

  	
  101.719

  	
  %

  
	
  2010 and
  thereafter

  	
   

  	
  100.000

  	
  %

  

 

 

In addition, at any time and from time to time on or
prior to April 15, 2007, the Company at its option may redeem Notes in an
aggregate principal amount equal to up to 35% of the original aggregate
principal amount of Notes (including the principal amount of any Additional
Notes), with funds in an equal aggregate amount not exceeding the aggregate
proceeds of one or more Equity Offerings, at a redemption price (expressed as a
percentage of principal amount thereof) of 106.875%, plus accrued and unpaid interest, if any, to the Redemption
Date (subject to the right of Holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date); provided, however,
that an aggregate principal amount of Notes equal to at least 65% of the
original aggregate principal amount of Notes (including the principal amount of
any Additional Notes) must remain outstanding after each such redemption.  The Company may make such redemption upon
notice mailed by first-class mail to each Holder’s registered address in
accordance with the Indenture (but in no event more than 180 days after the
completion of the related Equity Offering). 
The Company may provide in such notice that payment of the redemption
price and performance of the Company’s obligations with respect to such
redemption may be performed by another Person. 
Any such notice may be given prior to the completion of the related
Equity Offering, and any such redemption or notice may, at the Company’s
discretion, be subject to the satisfaction of one or more conditions precedent,
including the completion of the related Equity Offering.

 

At any time prior to April 15, 2008, Notes may also be
redeemed or purchased (by the Company or any other Person) in whole or in part,
at the Company’s option, at a price equal to 100% of the principal amount
thereof plus the Applicable
Premium as of, and accrued but unpaid interest, if any, to, the date of
redemption or purchase (subject to the right of Holders of record on the
relevant record date to receive interest due on the relevant interest payment
date). Such redemption or purchase may be made upon notice mailed by
first-class mail to each Holder’s registered address in accordance with the
Indenture.  The Company may provide in
such notice that payment of the Redemption Price and performance of the
Company’s obligations with respect to such redemption or purchase may be
performed by another Person. Any such redemption, purchase or notice may, at
the Company’s discretion, be subject to the satisfaction of one or more
conditions precedent, including the occurrence of a Change of Control.

 

The Indenture provides that, upon the occurrence of a
Change of Control, each Holder will have the right to require that the Company
repurchase all or any part of such Holder’s Notes at a purchase price in cash
equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any,
to the date of such repurchase; provided,
however, that the Company shall
not be obligated to repurchase Notes in the event it has exercised its right to
redeem all the Notes as described above.

 

The Notes will not be entitled to the benefit of a
sinking fund.

 

The Indenture contains provisions for defeasance at
any time of the entire indebtedness of this Note or certain restrictive
covenants and certain Events of Default with

 

 

respect to this
Note, in each case upon compliance with certain conditions set forth in the
Indenture.

 

If an Event of Default with respect to the Notes shall
occur and be continuing, the principal of the Notes may be declared due and
payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Notes to be
affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of at least a majority in principal amount of the
Notes at the time Outstanding to be affected. 
The Indenture also contains provisions permitting the Holders of
specified percentages in principal amount of the Notes at the time Outstanding,
on behalf of the Holders of all Notes, to waive compliance by the Company with
certain provisions of the Indenture and certain past defaults under the
Indenture and their consequences.  Any
such consent or waiver by the Holder of this Note shall be conclusive and
binding upon such Holder and upon all future Holders of this Note and of any
Note issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note.

 

As provided in and subject to the provisions of the
Indenture, the Holder of this Note shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver
or trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Notes, the Holders of not less than 25% in principal amount
of the Notes at the time Outstanding shall have made written request to the
Trustee to pursue such remedy in respect of such Event of Default as Trustee
and offered the Trustee reasonable security or indemnity, and the Trustee shall
not have received from the Holders of a majority in principal amount of Notes
at the time Outstanding a direction inconsistent with such request, and shall
have failed to institute any such proceeding, for 60 days after receipt of such
notice, request and offer of security or indemnity.  The foregoing shall not apply to any suit instituted by the
Holder of this Note for the enforcement of any payment of principal hereof or
any premium or interest hereon on or after the respective due dates expressed
herein.

 

No reference herein to the Indenture and no provision
of this Note or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Note at the times, place and rate, and in the coin
or currency, herein prescribed.

 

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Note is registrable in the
Note Register, upon surrender of this Note for registration of transfer at the
office or agency of the Company in a Place of Payment, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the
Company and the Note Registrar duly executed by, the Holder hereof or such
Holder’s attorney duly authorized in writing, and thereupon one or more new
Notes of like tenor, of authorized

 

 

denominations and
for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

 

The Notes are issuable only in registered form without
coupons in denominations of $1,000.00 and any integral multiple thereof.  As provided in the Indenture and subject to
certain limitations therein set forth, the Notes are exchangeable for a like
aggregate principal amount of Notes of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same.

 

No service charge shall be made for any such
registration, transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge payable in connection
therewith.

 

Prior to due presentment of this Note for registration
or transfer, the Company, any other obligor in respect of this Note, the
Trustee and any agent of the Company, such other obligor or the Trustee may
treat the Person in whose name this Note is registered as the owner hereof for
all purposes, whether or not this Note be overdue, and none of the Company, any
other obligor upon this Note, the Trustee nor any such agent shall be affected
by notice to the contrary.

 

No director, officer, employee, incorporator or
stockholder, as such, of the Company, any Subsidiary Guarantor or any
Subsidiary of any thereof shall have any liability for any obligation of the
Company, or any Subsidiary Guarantor under the Indenture, the Notes or any
Subsidiary Guarantee, or for any claim based on, in respect of, or by reason
of, any such obligation or its creation. 
Each Holder, by accepting this Note, hereby waives and releases all such
liability.  The waiver and release are
part of the consideration for issuance of the Notes.

 

THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  THE TRUSTEE, THE COMPANY, ANY OTHER OBLIGOR
IN RESPECT OF THE NOTES AND (BY THEIR ACCEPTANCE OF THE NOTES) THE HOLDERS,
AGREE TO SUBMIT TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT
LOCATED IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES OR THE
SUBSIDIARY GUARANTEES.

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