Document:

Lease Agreement

 Exhibit 10.36 
 THIS LEASE is made the 29th day of March 2005 BETWEEN J.J. RHATIGAN &
COMPANY LIMITED having its registered office at Wolfe Tone House, Fr. Griffin Road, Galway (hereinafter called “the Landlord”) of the First Part CONOR MEDSYSTEMS, INC. having its registered office at 1003 Hamilton
Court, Menlo Park, CA 94025, U.S.A. (hereinafter called “the Guarantor”) of the Second Part and CONOR MEDSYSTEMS IRELAND LIMITED having its Registered Office at 30 Herbert Street, Dublin 2 (hereinafter called “the
Tenant”) of the Third Part. 
 WITNESSETH as follows:- 
 DEFINITIONS: 
 1.1 The terms defined in this clause shall for all purposes of this Lease have the meanings specified
in this clause. 
 1.2 “the Premises” shall mean ALL THAT plot of ground comprising 2.0 acres or thereabouts being part of the lands
comprised in Folios 2450 F and 15014 F of the County of Westmeath which said plot of land is more particularly delineated and edged red on the attached Plan TOGETHER WITH the factory erected thereon or on some part thereof TOGETHER ALSO
WITH the Landlord’s fixtures and fittings therein. 
 1.3 “the Rights” shall mean the rights set out in Schedule I hereof. 
 1.4 “the Exceptions” shall mean the exceptions and reservations set out in Schedule II hereof. 
 1.5 “Pipes” shall mean and include pipes, sewers, drains, conduits, ditches, water courses, culverts, wires, cables, channels and all other conducting media. 
 1.6 “the Term” shall mean the term of 20 years and 1 day from and including the 16th day of February Two Thousand and Five and in relation to Clauses 4 - 6 hereof shall include the period of any holding-over or any extension or continuance
thereof whether by statute or by common law where the context so admits. 
  

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 1.7 “the Rent” shall mean; 
  

	(a)	until the 15th day of February 2010 the yearly
rent of €185,353 exclusive; 

  

	(b)	during the remainder of the Term such other rent as may become payable under the provisions of Schedule III hereof. 

 1.8 “the Additional Rent” shall mean the yearly rent of €99,031 
 1.9 “the Tenant’s Covenants” shall mean the covenants set out in Schedule IV hereof. 
 1.10 “the Landlord’s
Covenants” shall mean the covenants set out in Schedule V hereof. 
 1.11 “the Insured Risks” shall mean fire, lightning, explosion, storm,
tempest, flood, bursting and overflowing of water tanks, apparatus, drains, sewers or pipes, impact from vehicles and from aircraft and other aerial devices and any articles dropped therefrom, earthquake, riot, civil commotion, strikes, locked out
workers and malicious persons and including demolition and site clearance expenses, architects, engineers and surveyors fees and Value Added Tax and any other duty exigible on any building contract as may be entered into relevant to the
reconstruction, reinstatement or repair of the demised premises or any part thereof resulting from the destruction loss or damage thereof or thereto or from any of the perils aforesaid and such other risks as the Landlord in its sole discretion
shall from time to time consider necessary subject to the availability of insurance cover against such risks and to the extent that and subject to such conditions as insurance cover against any such buildings is generally available. 
  

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 1.12 “interest” shall mean interest at the rate of interest charged in respect of Income Tax under the Taxes
Consolidation Act 1997. 
 1.13 “the Planning Acts” shall mean the Planning and Development Act 2000 and all statutes regulations and orders
included by virtue of Clause 2.5 hereof. 
 1.14 “development” shall have the meaning given to it by the Planning Acts. 
 1.15 “the Surveyor” shall mean any person or firm appointed by or acting for the Landlord to perform the function of the Surveyor for any purposes of this
Lease. 
 1.16 “the Superior Lease” shall mean the Indenture of Lease made the 20th day of March 2002 between Industrial Development Agency (Ireland) of the One Part and the Landlord of the Other Part. 
 INTERPRETATION:- 
 2.1 The expression
“the Landlord” means the above named its successors and assigns and where the context so admits includes such other person or parties in whom for the time being the reversion immediately expectant upon the term granted by this Lease shall
be vested and “the Tenant” means the above named its successors in title and permitted assigns and where the context so admits includes such other parties or party in whom for the time being the Term shall be vested. 
 2.2 Where the Landlord or the Tenant for the time being are two or more individuals the terms the Landlord and the Tenant shall include the plural number and the
obligations expressed or implied to be made by or with such party shall be deemed to be made by or with such individuals jointly and severally. 
 2.3 Words
importing the neuter gender include the masculine or feminine gender (as the case may be) and words importing the masculine gender include the feminine gender and vice versa and words importing the singular number include the plural number and vice
versa.
  

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 2.4 References to any right exercised by the Landlord or any right exercisable by the Tenant in common with the Landlord
shall be construed as including (where appropriate) the exercise of such right by and in common with all persons authorised by the Landlord and all other persons having a like right. 
 2.5 Any reference to a statute shall include any statutory extension or modification or re-enactment of such statute and any regulations or orders made thereunder. 
 2.6 Any covenant by the Tenant not to do an act or thing shall be deemed to include an obligation not to permit such act or thing to be done. 
 2.7 The paragraph headings do not form part of this Lease and shall not be taken into account in the construction or interpretation thereof. 
 THE DEMISE 
 3. The Landlord
HEREBY DEMISES unto the Tenant the Premises TOGETHER WITH the Rights EXCEPT and RESERVING unto the Landlord the Exceptions TO HOLD the same unto the Tenant for the Term PAYING therefor unto the Landlord the
Rent and the Additional Rent without any deduction each by quarterly payments in advance on the lst day of January, lst day of April, lst day of July and lst day of October in every year and so in proportion for any period less than a year the first
such payment being a proportionate sum in respect of the period from the date hereof to the quarter day next hereafter to be paid on the execution hereof. 
 COVENANTS: 
 4.1 The Tenant hereby
covenants with the Landlord to observe and perform the Tenant’s Covenants at all times during the term. 
 4.2 The Landlord hereby covenants with the
Tenant to observe and perform the Landlord’s Covenants at all times during the Term. 
  

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 PROVISOES: 
 5.1 The Additional Rent shall be payable by the Tenant for the period of 10 years only, commencing on the date of commencement of the Term and expiring on that date which is 10 years therefrom. For the avoidance of
doubt the Additional Rent shall not be reviewed in accordance with the Rent Review provisions herein. 
 5.2 If and whenever during the Term 
  

	(a)	the rents (that is the Rent and the Additional Rent as defined and the proportion of the insurance premium) shall be in arrear and unpaid for twenty one days next after becoming
payable (whether formally demanded or not); or 

  

	(b)	there shall be any breach or non performance or non-observance of any of the covenants on the part of the Tenant herein contained; or 

  

	(c)	the Tenant (being an individual) shall become bankrupt or (being a company) shall enter into liquidation whether compulsory or voluntary (save for the purpose of amalgamation or
reconstruction of a solvent company) or have a receiver appointed of its undertaking or (in either case) shall enter into an arrangement or composition for the benefit of its creditors or suffer any distress or execution to be levied on its goods;

 then, and in any of the said cases, it shall be lawful for the Landlord at any time thereafter and notwithstanding the waiver of any
previous right of re-entry to re-enter into and upon the Premises or any part thereof in the name of the whole and thereupon the Term shall absolutely cease and determine but without prejudice to any rights or remedies which may then have accrued to
either party against the other in respect of any antecedent breach of any of the covenants herein contained. 
 5.2 Nothing herein contained or implied shall
give the Tenant the benefit of or the right to enforce or to prevent the release or modification of any covenant agreement or condition entered into by any Tenant of the Landlord in respect of any property not comprised in this Lease. 
  

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 5.3 The Landlord shall not be responsible to the Tenant or (save as is otherwise provided by statute) to the
Tenant’s Licensees, servants, agents or other persons in the Premises or calling upon the Tenant for any accident happening or injury suffered or damage to or loss of any chattel or property sustained in the Premises or the building of which
the same forms part. 
 5.4 Each of the Tenant’s Covenants shall remain in full force both at law and in equity notwithstanding that the Landlord shall
have waived or released temporarily any such covenant or waived or released temporarily or permanently revocably or irrevocably a similar covenant or similar covenants affecting other adjoining or neighbouring premises belonging to the Landlord.

 5.5 Such of the internal division walls as divide the Premises from other premises of the Landlord shall be deemed to be party walls. 
 5.6 Nothing in this Lease or in any consent granted by the Landlord under this Lease shall imply or warrant that the Premises may be used for the purpose herein
authorised under the Planning Acts provided that the premises is in compliance with all statutory and Local Authority requirements on the date this Lease is granted and where there is any non-compliance that the Landlord shall make good and
indemnify the Tenant for same. 
 5.7 The Tenant acknowledges that this Lease has not been entered into in reliance wholly or partly on any statement or
representation made by or on behalf of the Landlord save in so far as such statement or representation is expressly set out in this Lease. 
 5.8 Except
where any statutory provision prohibits the Tenant’s right to compensation being reduced or excluded by agreement the Tenant shall not be entitled to claim from the Landlord on quitting the Premises or any part thereof any compensation under
the Landlord and Tenant (Amendment) Act, 1980. 
  

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 5.9 Any notice or document under or in connection with this Lease shall be effectively given or served if sent by
registered post to his Solicitor or at its registered office Where sent by registered post, the notice or document shall be deemed to be given or served on the second day after posting. 
 5.10 If the Premises or any part thereof or access thereto shall at any time during the Term be destroyed or so damaged by fire or any other risk insured against by the Landlord so that the Premises or any part
thereof shall be unfit for occupation or use then (i) the Tenant shall not be entitled to surrender this Lease under the provisions of Section 40 of the Landlord and Tenant Law Amendment Act, Ireland, 1860, and (ii) unless the
insurance of the Premises or the building of which the same forms part shall have been vitiated by the act, neglect, default or omission of the Tenant the Rents (including the Additional Rent) hereby reserved or a fair proportion thereof according
to the nature and extent of the damage sustained, the amount of such proportion to be determined by the Surveyor, shall be suspended and cease to be payable until the Premises or the damaged portion thereof shall have been reinstated or made fit for
occupation or until the expiration of three years from the catastrophe whichever is the shorter. 
 BREAK CLAUSE

 6.1 The Tenant shall be entitled to determine this Lease on the fifth anniversary of the commencement of the Term (“termination date”)
provided that in such event the Tenant so desiring termination shall deliver notice in writing of such intention to the Landlord, not less than twelve months before the termination date. Time shall be of the essence in relation to delivery of such
notice. In the event of exercise by the Tenant of its rights hereunder and subject absolutely to compliance with the conditions of this clause the present demise and everything herein contained shall cease and be void on the termination date but
without prejudice to the 
  

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 rights and remedies of either party against the other in respect of any antecedent claim or breach of covenant provided
however that: 
 (a) the purported termination of the Lease by the Tenant shall be conditional upon the Tenant having discharged in full all of the
Tenant’s liabilities hereunder and performed all covenants and conditions (including, without prejudice to the generality of the foregoing, as to payment of the Rent, the Additional Rent, service charges and Insurance) on the Tenant’s part
to be performed and 
  

	(a)	further the purported termination of the Lease by the Tenant shall be void unless the Tenant shall deliver with the said notice in writing of intention to terminate a bank draft in
such sum as shall equal the total of: 

  

	 	(i)	that figure which is equal to 50% of the annual Rent (excluding V.A.T.) then being paid by the Tenant to the Landlord hereunder and 

  

	 	(ii)	€450,000 being a payment by way of recompense by the Tenant to the Landlord for fit-out of the Premises by the Landlord to the Tenants particular needs and specifications

 6.2 In the event that the provisions of the foregoing clause have not been exercised the Tenant shall further be entitled to determine this
Lease on the tenth anniversary of the commencement of the Term and in such event such termination shall be on the same terms and conditions as set forth in the foregoing clause 6.1 save that: 
  

	(a)	the “termination date” shall be the tenth anniversary of the commencement of the Term and not the fifth anniversary. 

  

	(b)	The Tenant shall have no liability to make any payment to the Landlord save discharge of all liabilities accruing hereunder as instanced at Clause 6.1 (a) above and for the
purpose of clarity and in particular the Tenant shall have no liability to pay any such sums as are detailed at Clause 6.1 (b) above. 

  

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 GUARANTEE 
 7. The Guarantor hereby covenants with the Landlord that if at any time 
  

	(1)	During the Term or any statutory extension thereof the Tenant shall make any default in payment of rent or in observing or performing any of the covenants or restrictions herein
contained the Guarantor will pay the rent and observe or perform the covenants and conditions in respect of which the Tenant shall be in default notwithstanding 

  

	 	(a)	Any time or indulgence granted by the Landlord to the Tenant; 

  

	 	(b)	That the Tenant may have ceased to exist; 

  

	 	(c)	Any other act or thing whereby but for this provision the Guarantor would have been released. 

  

	(2)	During the Term the Tenant shall enter into liquidation and the Liquidator shall disclaim this Lease the Guarantor will if the Landlord shall by notice in writing within two months
after such disclaimer (in respect of which time is of the essence) so require take from the Landlord a lease of the Premises for the residue of the Term which would have remained had there been no disclaimer at the same rent and subject to the same
covenants and conditions as in this Lease with the exception of this clause such new Lease to take effect from the date of the said disclaimer and in such case the Guarantor shall deliver to the Landlord a counterpart of the new Lease.

  

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 SCHEDULE I THE RIGHTS 
 Right of Way 
 1. Full right and
liberty for the Tenant its servants and licensees (in common with the Landlord and all other persons having similar rights) with or without vehicles at all times for all purposes connected with the Premises but not for any other purpose to pass and
repass to and from the Premises over and along the roadway leading thereto to the pubic road. 
 Services 

2. The free right of passage and running of water, soil, gas, electricity and other services to and from the Premises through all the Pipes now made or passing under
or along the adjoining land of the Landlord to the public mains. 
 SCHEDULE II THE EXCEPTIONS 
 Services 
 1. The free passage and
running of water, soil, gas, electricity and other services from and to adjoining and neighbouring land and the buildings now or hereafter erected therein and through the pipes laid, made (or to be laid and made within 21 years) in, upon, through,
or under the Premises and the free and uninterrupted use of all gas, electric, telephone and other Pipes serving such adjoining and neighbouring land and buildings now or at any time (within twenty one years) during the term upon through, or under
the Premises. 
 Construct Easements 
 2. The right to construct and maintain in, over or under the Premises any easements or services for the benefit of any adjoining property of the Landlord. 
  

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 Access 
 3. The right at any time during the Term (but except in cases of emergency only at reasonable times during normal office hours after giving reasonable prior notice to the Tenant and by prior appointment except where
the Tenant unreasonably refuses to make an appointment within a reasonable time of a request from the Landlord) to enter (or in case of emergency to break and enter) upon the Premises in order; 
  

	(a)	to inspect, cleanse, repair, amend, remove or replace with others the Pipes referred to in Paragraph 1 of this Schedule; 

  

	(b)	to inspect and execute works in connection with any of the easements or the services referred to in this Schedule; 

  

	(c)	to view the state and condition of and to repair and maintain any adjoining property where such work would not otherwise be reasonably practicable; 

  

	(d)	to carry out work or to do anything whatsoever comprised within the Landlord’s obligations herein contained whether or not the Tenant is liable hereunder to make a
contribution; 

  

	(e)	to exercise any of the rights possessed by the Landlord under the terms of this Lease. 

 Light 
 4. Full right and liberty at
any time hereafter and from time to time to execute works and erections upon or to alter or rebuild any of the buildings erected on the Landlord’s adjoining and neighbouring lands and to use such adjoining and neighbouring lands and buildings
now or hereafter erected thereon in such manner as it shall think fit notwithstanding that the access of light and air to the premises may thereby be interfered with. 
 Support 
 5. The right of support and
protection by the buildings on the Premises for such other parts of the business park of which the Premises forms part or any extensions or alterations thereof or of any adjoining Premises as require such support and protection. 
  

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 Fire Escape 
 6. Such rights that are granted to third parties to use or pass along fire escape routes (if any) crossing, adjoining or forming part of the Premises. 
 Superior Lease 
 7. All rights,
easements and privileges now belonging to or enjoyed by any adjoining or neighbouring property or which are excepted and reserved by the Superior Lease under which the Premises are held by the Landlord 
 SCHEDULE III RENT REVIEW 
 Definitions and interpretation 
 1. For the purpose of this Lease; 
  

	(1)	“Review Date” shall mean the 16th day
of February 2010 and every fifth anniversary of that date. 

  

	(2)	“the Open Market Rent” shall mean the rent at which the Premises might reasonably be expected to be let as a whole at the relevant Review Date in the open market by a
willing Landlord to a willing Tenant without a premium with vacant possession of the whole and subject to the provisions of this Lease other than the amount of the Rent but including the provisions for rent review for a term equal to that granted by
this Lease. 

  

	 	(a)	on the assumptions that; 

  

	 	(i)	at the relevant Review Date the Premises are fit for immediate occupation and use and that no alterations nor additions had been carried out thereto by the Tenant or its
predecessors in title during the Term which have diminished the rental value of the Premises and that if the Premises have been destroyed or damaged they have been fully restored; 

  

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	 	(ii)	the Tenant’s covenants herein contained have been fully performed and observed until the relevant Review Date; 

  

	 	(b)	but there shall be disregarded 

 (i) all trade fixtures and
fittings affixed to the Premises either by the Tenant its sub-tenants or their respective predecessors in title during the Term or during any period of occupation prior thereto arising out of an agreement to grant the Term or by any tenant or
sub-tenant of the Premises before the commencement of the Term so long as the Landlord or its predecessors in title have not since the affixing to the Premises of the said fixture and fitting had vacant possession of the relevant part of the
Premises; 
 (ii) any effect on rent of the fact that the Tenant its sub-tenants or their respective predecessors in title have been in
occupation of the Premises; 
 (iii) any goodwill attached to the Premises by reason of the carrying on thereat of the business of the Tenant
its sub-tenants or their respective predecessors in title in their respective businesses; and 
 (iv) any increase in the rental value of the
Premises attributable to the existence at the relevant Review Date of any improvement to the Premises or any part thereof carried out with consent (where required) of and otherwise than in pursuance of an obligation to the Landlord or its
predecessors in title either by the Tenant its sub-tenants or their respective predecessors in title during the Term or during any period of occupation prior thereto arising out of an agreement to grant the Term or 
  

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 by any tenant or sub-tenant of the Premises before the commencement of the Term so long as the Landlord
or its predecessors in title have not since the improvement was carried out had vacant possession of the relevant part of the Premises. 
 (3) Any reference
to the President for the time being of the Society of Chartered Surveyors in the Republic of Ireland or to the President of the Law Society of Ireland shall include the duly appointed deputy of the said Presidents or any person authorised by either
of the said Presidents to make appointments on his behalf. 
 The Rent Review 
 2. At each Review Date the Rent shall be reviewed in accordance with the provisions of this Schedule and from and after each Review Date the Rent payable in respect of
the Premises shall be the greater of the Rent being paid immediately before the Review Date and the Open Market Rent on the Review Date. 
 Fixing the Reviewed Rent 
 3. The Open Market Rent at any Review Date may be agreed at any time between the Landlord
and the Tenant or (in the absence of agreement) will be determined by an arbitrator to be appointed either by agreement between the parties or subject to paragraph 4 of this Schedule on the application of either party made not more than three months
before or at any time after the relevant Review Date by the President for the time being of the Society of Chartered Surveyors in the Republic of Ireland or the President for the time being of the Incorporated Law Society of Ireland. 
 The Appointer 
 4. If the parties
cannot agree which President shall nominate the arbitrator within 14 days, time being of the essence, of either party giving notice to the other of its intention to make application for the appointment of an arbitrator such notice specifying the
President who in the 
  

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 opinion of the party giving the notice should make the appointment either party may apply to the President for the time
being of the Incorporated Law Society of Ireland who will decide having regard to the issues which of the Presidents would be the more appropriate to nominate the Arbitrator and whose decision as to who shall make the said nomination shall be final
and binding. 
 Arbitration 
 5. The arbitration shall be conducted in accordance with the Arbitration Acts, 1954 to 1998 and the decision of the arbitrator shall be final and binding. 
 Memoranda of Revised Rent 
 6. When
the amount of any Rent to be ascertained as hereinbefore provided shall have been so ascertained, memoranda thereof shall thereupon be signed by or on behalf of the Landlord and the Tenant and annexed to this Lease and counterpart thereof and the
parties shall bear their own costs in respect thereof. 
 Payment on Account pending Determination 
 7. If and so often as the Rent in respect of any period has not been ascertained pursuant to the foregoing provisions before the first day hereby appointed for payment
the Tenant shall continue to pay at the rate equal to the Rent payable immediately before the commencement of the relevant period (such payments being on account of the Rent for that period) until the first day for payment of the Rent after Rent for
that period has been ascertained (hereinafter called “the Payment Date”). 
 Payment on Determination

 8. On the payment date there shall be payable by the Tenant to the Landlord by way of rent (in addition to the amount of the Rent otherwise due on that
day) the aggregate of the amounts by which the instalments of the Rent payable on account in respect of that period in 
  

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 accordance with paragraph 7 hereof fall short of the amounts which would have been payable if the Rent for that period
had been ascertained before the first day for payment (hereinafter called “the Ascertained Rent”) and in addition the Tenant shall pay interest on each instalment due prior to the Payment Date on the difference between the Rent paid on
account in accordance with paragraph 7 hereof and the Ascertained Rent for the period from the date the said instalment was due up to the date upon which payment is actually made. at 
 Statutory Rent Restriction 
 9. If at
any of the Review Dates there shall be in force a statute which shall prevent, restrict or modify the Landlord’s right to review and increase the Rent in accordance with this Lease, the Landlord shall when such restriction or modification is
removed, relaxed or modified be entitled on giving not less than one month’s notice in writing to the Tenant to proceed with any review of the Rent which may have been prevented (or further to review the Rent in respect of any review where the
Landlord’s right was restricted or modified) and the date specified in the said notice shall be deemed for the purposes hereof to be a Review Date (providing that nothing herein shall be construed as varying any subsequent Review Dates) and the
Landlord shall be entitled to recover any resulting increase in Rent with effect from such date as shall then be permitted by law. 
 SCHEDULE IV THE TENANT’S COVENANTS 
 Rent 
 1. To pay the Rent and the Additional Rent on the days and in the manner aforesaid provided that the Additional Rent shall not be payable on or after the tenth
anniversary of the commencement of the Term and provided that if and so long as the amount of rent which the Tenant is liable to pay shall be restricted by law the Tenant will in lieu of the Rent pay the maximum amount of rent which such restriction
may from time to time allow and in such circumstances the term “the Rent” shall be construed as meaning such maximum amount. 
  

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 Outgoings 
 2. To pay and indemnify the Landlord against all rates, taxes, assessments, duties, charges, impositions and outgoings which now are or during the Term shall be charged, assessed or imposed upon the Premises or any
part thereof or upon the owner or occupier thereof and to pay the Value Added Tax and Stamp Duty due or payable or arising under or in connection with this Lease and the Counterpart thereof. 
 Shared Items 
 3. To pay the Landlord
on demand a fair proportion (to be finally and conclusively determined by the Surveyor (such determination to be conclusive as to matters of fact but not as to questions of law)) of the expense of maintaining and keeping in good and substantial
repair and condition and (where appropriate) cleaning all party walls, fences, pipes and other things the use of which is common to the Premises and to other premises. 
 Insurance 
 4.1 To repay to the
Landlord on demand the sums which the Landlord shall from time to time pay by way of Premiums (and all of any increased premiums payable by reason of any act use or omission by or on the part of the Tenant) for keeping the Premises insured under the
covenant on the part of the Landlord contained in Paragraph 2 of Schedule V hereof. 
 4.2 Not to do or omit anything whereby any policy of insurance on the
building of which the Premises forms part may become void or voidable wholly or in part nor (unless the Tenant shall have previously notified the Landlord and has agreed to pay the increased premiums) anything whereby additional insurance premiums
may become payable. 
  

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 4.3 In the event of the Premises or any part thereof being destroyed by any of the Insured Risks at any time during the
Term and the insurance money under any policy of insurance effected thereon being by reason of any act or default of the Tenant wholly or partially irrecoverable forthwith in every such case to rebuild and reinstate at its own expense the building
of which the Premises forms part or the part destroyed or damaged to the reasonable satisfaction and under the supervision of the Surveyor the Tenant being allowed towards the expenses of so doing upon such rebuilding and reinstatement being
completed the amount (if any) actually received in respect of such destruction or damage under any such insurance as aforesaid. 
 4.4 If at any time the
Tenant shall be entitled to the benefit of any insurance on the Premises (which is not effected or maintained in pursuance of an obligation herein contained) then to apply all moneys received by virtue of such insurance in making good the loss or
damage in respect of which the same shall have been received. 
 Repair 
 5. To keep the Premises and the Pipes therein or used exclusively by the Tenant together with the fences or walls and any other means of demarcation on the boundaries in
good and substantial repair and condition and well cleansed and maintained. 
 Decoration 
 6. In the year 2009 and every fourth year thereafter and also in the last year of the Term whether determined by affluxion of time or otherwise) in like manner to paint,
grain, varnish, whitewash, colour and paper with paper of a suitable quality all internal parts of the Premises previously or usually so treated such painting (both external and internal) to be with two coats of good quality paint previously
approved by the Landlord. 
  

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 Keep Tidy 
 7. Not at any time during the Term to allow or permit any weeds or undergrowth to accumulate upon the Premises or any part thereof for the time being remaining unbuilt upon nor to cause or allow any roads or pavements
abutting on the Premises to be untidy or in a dirty condition but at all times to keep the Premises and the said land, roads and footpaths in a clean neat and tidy state and condition and free from weeds, deposits of materials and refuse and not to
bring or keep or suffer to be brought or kept upon any land as aforesaid any materials, equipment or plant or anything which is or might become untidy, uncleanly, unsightly or in any way detrimental to the amenity of the area and within one month of
the service thereof to comply with the requirements of any written notice to restore the amenity as aforesaid and in the event of the Tenant failing to comply with such notice the Landlord shall be entitled to enter upon the Premises and carry out
any necessary works and to recover the cost thereof from the Tenant. 
 Amenity Land 
 8. To maintain any amenity land comprising part of the Premises in good order and condition and properly tended, manured, planted, cultivated and restored and keep cut
and properly trimmed any grass, hedges, trees and bushes and not to cut down any trees at any time growing on the Premises. 
 Residence 
 9. Not to permit or suffer the Premises or any part thereof to be used as a residence or sleeping place of any person.

 Smoke Abatement 
 10.
To ensure that every furnace employed in the working of engines by steam or other motive power and every other furnace employed in any building or erection on the Premises is constructed so as substantially to consume or burn the smoke arising
therefrom and not to use or 
  

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 suffer to be used negligently any such furnace so that the smoke arising therefrom is not substantially consumed or
burned and not to cause or permit any grit or noxious or offensive effluvia to be emitted from any engine, furnace, chimney or other apparatus on the Premises without using the best practicable means for preventing or counteracting such emission.

 Pollution 
 11. Not to
permit any oil or grease or any deleterious objectionable, dangerous, poisonous or explosive matter or substance to be discharged into any Pipes and to take all reasonable measures for ensuring that any effluent so discharged will not be corrosive
or otherwise harmful to the Pipes or cause obstruction or deposit therein nor to discharge or allow to be discharged therein any fluid of a poisonous or noxious nature or of a kind calculated to or that does in fact destroy sicken or injure the fish
or contaminate or pollute the water of any stream or river and not to do or omit or allow or suffer to be done or omitted any act or thing whereby the waters of any stream or river may be polluted or the composition thereof so changed as to render
the Landlord liable to any action or proceedings by any person whomsoever. 
 Drains 
 12. To bear and pay and indemnify the Landlord against all the costs and expenses which the Landlord as the Owner of the Premises or any part thereof during the
continuance of the Term ought or would be liable to bear or contribute to in or about any works, drainage or sewerage by any Act or Acts of the Oireachtas already made or hereafter to be made or by any direction or requirement of any local or public
Authority in pursuance of any such Act or Acts. 
 Roof and Floor Weighting 
 13.1 Not without the consent in writing of the Landlord to 
 (a) suspend any
weight from the roof or roof trusses or use the roof or roof trusses of any building forming part of the Premises for the storage of goods or to place or permit or suffer to be placed any weight thereon; 
  

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 (b) bring or permit to remain upon the said Buildings any safes, machinery, goods or other articles which shall or may
strain or damage the said Buildings or any part thereof. 
 13.2 On any application by the Tenant for the Landlord’s consent under Paragraph 13.1 hereof
the Landlord shall be entitled to consult and obtain the advice of an Engineer in relation to the roof or floor loading proposed by the Tenant and the Tenant shall repay to the Landlord on demand the fees of such Engineer. 
 Refuse 
 14. Not to deposit or permit
to be deposited any rubbish or refuse or to store, stack or lay out any material used for the purpose of manufacture or otherwise on any part of the land surrounding the buildings on the Premises. 
 Machinery 
 15. To keep all plant
apparatus and machinery (including any boilers or lifts) upon the Premises properly maintained and in good working order and to ensure by directions to the Tenant’s staff and otherwise that such plant apparatus and machinery is properly
operated and to avoid damage to the Premises by vibration or otherwise. 
 Unloading 
 16. Not to unload any goods or materials from carts, wagons or lorries and convey the same from an estate road or the public highway into the Premises except through the
approved entrance or entrances provided for the purpose and not to cause thereby congestion of the adjoining estate roads and public highways nor inconvenience any other use thereof and not to permit any vehicles or animals belonging to the Tenant
or its licensees, servants, agents or other persons 
  

 21 

 calling on the Tenant or the Premises to stand on the estate road or any footpath or public highway in the neighbourhood
of the Premises and to use its best endeavours to ensure that such licensees, servants, agents, and other persons calling on the Tenant or the Premises shall not permit any vehicle or animals to stand on any such estate, road, footpath or public
highway. 
 User 
 17.1
Not to do (or permit or suffer to remain upon the Premises or any part thereof) anything which may be or become a nuisance, annoyance, disturbance, inconvenience, injury or damage to the Landlord or its Tenants or the occupiers of adjacent or
neighbouring Premises. 
 17.2 Not to store or bring upon the Premises any article, substance or liquid of especially combustible, inflammable or dangerous
nature and to comply with all requirements of the insurers and fire authority as to fire precautions relating to the Premises. 
 17.3 Not to use the
Premises or any part thereof nor permit the same to be used for any dangerous, noxious, noisy or offensive trade or business or as a betting office or for residential purposes nor for any illegal or immoral act or purpose and no sale by auction
shall take place therein. 
 17.4 To use and occupy the Premises for such trade or business as is permitted by the Planning Acts and any regulatory laws or
instruments and as may from time to time be approved in writing by the Landlord (such approval not to be unreasonably withheld). 
 17.5 To use and occupy
the Premises for manufacturing purposes and purposes ancillary thereto or as offices for internationally trade services specified in the Industrial Development (Services Industries) Order 1998 (Statutory Instrument No. 258/98) as same may be
amended from time to time and purposes ancillary thereto. 
  

 22 

 Alterations 
 18.1 Not to excavate or dig remove sell or dispose of any minerals, earth, clay, gravel, chalk or sand from the Premises nor to sink any well thereon except so far as shall be approved by the Landlord in writing.

 18.2 Not to commit or permit waste and not to cut, remove, divide, alter, maim or injure the Premises or any part thereof or any of the ceilings, walls,
floors, principal girders or structure of any buildings now or at any time hereafter forming part of the Premises nor the Pipes in on or under or serving the Premises nor (without the prior written consent of the Landlord which consent shall not be
unreasonably withheld or delayed provided that it shall be reasonable for the Landlord, as a condition of such consent to require the Tenant to restore the premises to its condition prior to any of the works hereinafter referred to being carried out
at the expiration or sooner determination of the Term) to 
  

	(a)	build, erect, construct, or place any new or additional building erections or work on the Premises or any part thereof; 

  

	(b)	make any alterations or additions or improvement to the Premises or any buildings now or at any time hereafter forming part of the Premises. 

 18.3 Not to change the design or appearance or decorative scheme of the exterior of the Premises. 
 18.4 To remove any additional buildings, additions or alterations made to the Premises at the expiration or sooner determination of the Term if so requested by the Landlord. 
 Planning Acts 
 19.1 To comply in all
respects with the provisions and requirements of the Planning Acts whether as to the permitted user hereunder or otherwise and to indemnify (both after the expiration 
  

 23 

 of the Term by affluxion of time or otherwise and during its continuance) and to keep the Landlord indemnified against
all liability whatsoever including costs and expenses in respect of any contravention thereof provided that the Premises is in compliance with all statutory and Local Government requirements on the date hereof and where there is any noncompliance
the Landlord shall make good and hereby indemnifies the Tenant for same 
 19.2 Forthwith to produce to the Landlord any notice, order or proposal,
permission or consent relating to the Premises given or issued to the Tenant by a Planning Authority under or by virtue of the Planning Acts and at the cost of the Landlord join with the Landlord in making any objection or representation against the
same that the Landlord shall deem appropriate. 
 19.3 To obtain at the expense in all respects of the Tenant all planning permissions and serve all such
notices as may be required for the carrying out of any operations on the Premises or any use thereof at the commencement which may constitute development provided that no application for planning permission shall be made without the previous consent
in writing of the Landlord. 
 19.4 Subject only to any statutory direction to the contrary to pay and satisfy any charge or levy that may hereafter be
imposed under the Planning Acts in respect of the carrying out or maintenance of any such operations or the commencement or continuance of any such use as aforesaid. 
 19.5 Notwithstanding any consent which may be granted by the Landlord under this Lease not to carry out or make any alteration or addition to the Premises or any change of use thereof before all necessary notices
under the Planning Acts in respect thereof have been served or before all such notices and all such necessary planning permissions have been produced to the Landlord and in the case of a planning permission acknowledged by it in writing as is
satisfactory to 
  

 24 

 the Landlord it being understood that the Landlord may refuse so to express its satisfaction with any such planning
permission on the grounds that any condition contained therein or anything omitted therefrom or the period thereof would in the reasonable opinion of the Surveyor be or be likely to be prejudicial to its interest in the Premises or the building of
which the Premises forms part whether during the Term or following the determination or expiration thereof. 
 19.6 Unless the Landlord shall otherwise
direct to carry out and complete before the expiration or sooner determination of the Term; 
  

	(a)	any works stipulated to be carried out to the Premises by a date subsequent to such expiration or sooner determination as a condition of any planning permission granted for any
development begun before such expiration or sooner determination; 

 and 
  

	(b)	any development begun upon the Premises in respect of which the Landlord shall or may be or become liable for any charge or levy under the Planning Acts. 

Statutory Obligations 
 20.1 At
its own expense to do and execute all such works as shall be required at any time during the Term to be done or executed in or upon the Premises by the occupier under or by virtue of any Act being in force or by the direction of any Local or Public
Authority. 
 20.2 Without prejudice to the generality of the foregoing provisions to comply in all respects with the provisions of any statutes and any
other obligations imposed by law or by any bye laws applicable to the Premises or in regard to carrying on the trade or business for the time being carried on by the Tenant on the Premises. 
  

 25 

 Access of Landlord and Notice to Repair 
 21.1 To permit the Landlord at reasonable times to enter upon the Premises for the purpose of 
  

	(a)	taking schedules or inventories of fixtures and fittings to be yielded up at the expiration of the Term; 

 and 
  

	(b)	ascertaining that the covenants and conditions herein contained have been duly observed and performed and in particular to view the state of repair and condition of the Premises and
of defects and wants of repair, cleansing, maintenance amendments and painting then and there found and to give to the Tenant or leave upon the Premises a notice in writing specifying any repairs, cleaning, maintenance, amendments and painting
necessary to be done and to require the Tenant forthwith to execute the same. 

 21.2 To forthwith repair, cleanse, maintain, amend and paint
the Premises as required by such notice and in accordance with the covenants in that behalf hereinbefore contained. 
 21.3 If the Tenant shall not within
one month after service of such notice proceed diligently with the execution of the same or shall have failed to complete the same within two months to permit the Landlord and its contractors, agents and workmen to enter upon the Premises to execute
such works as may be necessary to comply with the same and to pay to the Landlord the cost of executing such works and all expenses incurred by the Landlord in connection with the same (including legal costs and surveyor’s fees) within fourteen
days of a written demand in that behalf. 
 Dealing 
 22.1 Not to assign, charge, underlet nor part with the possession of part only of the Premises nor to share the occupation of the Premises or any part thereof with any other person, firm or company. 
  

 26 

 22.2 In the case of an underlease not to underlet the Premises (or any part thereof) at a rent below the Rent payable by
the Tenant hereunder at the date of the said underletting. 
 22.3 Not to assign, charge, underlet nor part with possession of the whole of the Premises
except with the previous written consent of the Landlord which shall not be unreasonably withheld or delayed and upon any assignment or underletting to: 
  

	(a)	obtain a direct covenant by the assignee or under-tenant with the Landlord to observe and perform the covenants and restrictions of this Lease for the remainder of the Term and in
the case of an assignment to pay the rent reserved by this Lease; and 

  

	(b)	if the Landlord shall require, provide an acceptable Guarantor for any incorporated body. 

 22.4 To include in or to ensure that there is included in every underlease and sub-lease similar restrictions on assignment, underletting and parting with possession and the same provisions for direct covenants with
and registration with the Landlord as those contained in this Lease. 
 Signs and Advertisements 
 23. Not to erect any hoardings or advertising station on the Premises and not to permit any signs, placards or bills to affixed to any buildings forming part of the
Premises other than such reasonable notices relating to the Tenant’s business which are normally and reasonably displayed subject to the approval of the Landlord and compliance with the Planning Acts. 
 24. Not to erect or to bring upon the Premises or any part thereof any hut, shed, garage, cycle shelter, store, caravan, house on wheels or any building or erection of a
temporary or moveable character, design or nature without the approval of the Landlord such approval not to be unreasonably refused. 
  

 27 

 Notices Specifying Breach 
 25.1 To pay all costs, charges and expenses including Solicitors’ costs and Surveyors’ fees incurred by the Landlord for the purposes of and incidental to the
preparation and service of a notice under Section 14 of the Conveyancing Act, 1881 and Section 2 and 4 of the Conveyancing Act, 1892 or incurred in or in contemplation of proceedings under the said Sections notwithstanding in any such case
forfeiture is avoided otherwise than by relief granted by the Court. 
 25.2 To pay all costs, charges and expenses including Solicitors’ costs and
Surveyors’ fees incurred by the Landlord for the purposes of and incidental to the service of all notices and schedules relating to wants of repair to the Premises and whether served during or after the expiration or sooner determination of the
Term (but relating in all cases to such wants of repair that accrued not later than such expiration or sooner determination). 
 Indemnities 
 26. To be responsible for and to indemnify the Landlord against all damage occasioned to the Premises or any adjacent or
neighbouring Premises or to any person and to indemnify the Landlord against all actions, claims, proceedings, costs, expenses and demands made against the Landlord as a result of 
  

	(a)	any act, omission or negligence of the Tenant or the servants, agents, licensees or invitees of the Tenant and 

  

	(b)	any breach or non-observance by the Tenant of the Tenant’s Covenants and other terms hereof. 

  

 28 

 Re-Letting Boards 
 27. To permit the Landlord at any time during the last six months of the Term (or sooner if the Rent or any part thereof shall be in arrear and unpaid for upwards of one calendar month) to enter upon the Premises and
affix and retain without interference upon any part of the Premises a notice for re-letting the same and during such period to permit persons with written authority of the Landlord or its agent at reasonable times of the day to view the Premises
without interruption. 
 Landlord’s Rights 
 28. To permit the Landlord at all times during the Term to exercise without interruption or interference any of the rights excepted and reserved to it by virtue of the provisions of this Lease. 
 Plans 
 29. If and when called upon
so to do to produce to the Landlord or the Surveyor all such Plans documents and other evidence as the Landlord may reasonably require in order to satisfy itself that the provisions of this Lease have been complied with in all respects. 

Encroachment 
 30.1 Not to stock
up darken or obstruct any windows or lights belonging to the Premises or any other premises belonging to the Landlord. 
 30.2 Not to permit any new window
light opening doorway path passage drain or other encroachment or easement to be made or acquired in against out of or upon the Premises and that in case any such window, light, opening, path, passage, drain or other encroachment or easement shall
be made or acquired or attempted to be made or acquired the Tenant will give immediate notice thereof to the Landlord and will at the request and cost of the Landlord adopt such means as may be reasonably required or deemed proper for preventing any
such encroachment or the acquisition of any such easement. 
  

 29 

 Yield Up 
 31. To yield up the Premises at the expiration or sooner determination of the Term in good and substantial repair and condition in accordance with the Tenant’s covenants and to dismantle and remove from the
Premises all the Tenant’s fixtures if so required by the Landlord and to make good any part or parts of the Premises which may be damaged in such dismantling and/or removal. 
 Licence Fees 
 32. To pay all
reasonable legal costs and surveyors’ fees incurred by the Landlord attendant upon or incidental to every application made by the Tenant for a consent or licence hereinbefore required or made necessary whether the same be granted, refused,
withdrawn or offered subject to qualifications or conditions. 
 Landscaping Charge/Service Charge 
 33. To pay to the Landlord on demand the Landscaping Charge (if any) and the Service Charge as provided for in the Superior Lease under which the Premises are held by the
Landlord. 
 Superior Lease 
 34. To comply in so far as the same are applicable with the covenants of and conditions (other than the covenant for payment of rent) contained in the Superior Lease. 
 Interest on Arrears 
 35. If and
whenever the Tenant shall fail to pay the Rent or any other sum due under this Lease within fourteen days of the due date the Tenant shall pay to the Landlord Interest on such Rent or other money as the case may be from the date when it was due to
the date on which it is actually paid. 
  

 30 

 Registration of Documents 
 36. Within twenty eight days of any assignment, charge, under-letting or sub-lease or any transmission or other devolution relating to the Premises to produce to the
Landlord a certified copy of any such Instrument and the originals of all such Instruments shall be registered in the Registry of Deeds or Land Registry in Ireland where appropriate. 
 Sale of reversion 
 37. To permit
upon reasonable notice at any time during the Term prospective purchasers of or dealers in or agents instructed in connection with the sale of the Landlord’s reversion or of any interest superior to the Term upon reasonable notice to view the
Premises without interruption providing the same are authorised in writing by the Landlord or its agents. 
 Notices

 38. To give full particulars to the Landlord of any notice direction or order or proposal for the same made, given or issued to the Tenant by any Local
or Public Authority within seven days of the receipt of the same and if so required by the Landlord to produce the same to the Landlord and without delay to take all necessary steps to comply with any such notice, direction or order and at the
request and cost of the Landlord to make or join with the Landlord in making, such objection or representation against or in respect of any proposal for such a notice, direction or order as the Landlord shall deem expedient. 
 SCHEDULE V THE LANDLORD’S COVENANTS 
 Quiet Enjoyment 
 1. That the Tenant may peaceably and quietly hold and enjoy the Premises without any lawful
interruption or disturbance from or by the Landlord or any person claiming under or in trust for the Landlord. 
  

 31 

 Insurance 
 2. To insure and keep insured (unless such insurance shall be vitiated by any act of the Tenant or the Tenants servants or visitors) in such sum as the Landlord shall from time to time be advised by the Surveyor as
being the full cost of reinstatement thereof the Premises (together with an appropriate addition for professional fees and three years loss of rent under this Lease) against loss or damage by any or all of the Insured Risks and to produce to the
Tenant on demand either a policy of such insurance and the receipt for the last premium or reasonable evidence from the insurers of the terms of the policy and the fact that the same is subsisting and in effect together with either a letter of
waiver of subrogation rights or evidence that the Tenant’s interest is noted on such Policy and (subject as hereinafter provided) in case of destruction of or damage to the Premises by the Insured Risks or any of them the Landlord will with all
convenient speed take such steps as may be requisite and proper to obtain any necessary permits and consents under any regulations or enactment for the time being in force to enable the Landlord to rebuild and reinstate the same and will as soon as
such permits and consents have been obtained, spend and lay out all monies received in respect of such Insurance (except sums in respect of loss of rent) in rebuilding or reinstating the part of the Premises so destroyed or damaged provided always
that if the rebuilding or reinstatement of the Premises shall be prevented or frustrated, all such insurance monies relating to the Premises shall be the absolute property of the Landlord. 
 Superior Lease 
 3. All reservations
and exceptions herein in favour of the Landlord shall enure for the benefit of the Superior Landlord of the Landlord and in relation to any covenant or obligation of the Landlord hereunder or any consent required to be sought from the Landlord the
Term “the Landlord” shall mean and include the Landlord and such Superior Landlord. 
  

 32 

 IT IS HEREBY CERTIFIED that the consideration (other than rent) for the Lease is wholly attributable to property
which is not residential property and that the transaction hereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value or the aggregate amount or value of the consideration (other
than rent) which is attributable to property which is not residential property exceeds €6,350. 
 IT IS HEREBY FURTHER CERTIFIED that
Section 53 (Lease combined with Building Agreement for dwellinghouse/apartment) of the Stamp Duties Consolidation Act 1999 does not apply to this instrument. 
 IT IS HEREBY FURTHER CERTIFIED that the property hereby demised is situate in the Town of Athlone. 
 IT IS HEREBY FURTHER CERTIFIED
for the purposes of Section 29 of the Companies Act l990 that the Landlord and the Tenant are not Bodies Corporate connected with one another in a manner which would require this transaction to be ratified by Resolution of either. 

IN WITNESS WHEREOF the seals of the parties were affixed hereto and the Landlords have hereunto signed their names the day and year first herein written.

  

 33 

 PRESENT when the common seal of the 
 LANDLORD 
 was affixed hereto: 
 /s/ 
  
 PRESENT when the common seal of the 
 TENANT 
 was affixed hereto: 
 /s/ 
  
 PRESENT when the common seal of the 
 GUARANTOR 
 was affixed hereto:

  
  
  
  

	
	 /s/ Michael Boennighausen

	CFO
	Conor Medsystems, Inc.

  

 34 

					
	1.	  	Definitions
			
	1.2	  		  	The Premises
			
	1.3	  		  	The Rights
			
	1.4	  		  	The Exceptions
			
	1.5	  		  	The Pipes
			
	1.6	  		  	The Term
			
	1.7	  		  	The Rent
			
	1.8	  		  	The Tenant’s Covenants
			
	1.9	  		  	The Landlord’s Covenants
			
	1.10	  		  	The Insured Risks
			
	1.11	  		  	Interest
			
	1.12	  		  	The Planning Acts
			
	1.13	  		  	Development
			
	1.14	  		  	The Surveyor
			
	1.15	  		  	The Superior Lease
			
	2.	  		  	Interpretation
			
	3.	  		  	The Demise
			
	4.	  		  	The Covenants
			
	5.	  		  	Provisoes
			
		  	5.1	  	Re-entry
			
		  	5.2	  	Covenants relating to Adjoining Land
			
		  	5.3	  	Accidents

  

 35 

					
		  	5.4	  	Effect of Waiver
			
		  	5.5	  	Party Walls
			
		  	5.6	  	Exclusion of Use Warranty
			
		  	5.7	  	Representations
			
		  	5.8	  	Compensation
			
		  	5.9	  	Service of Notices
			
		  	5.10	  	Suspension of Rent
			
	6.	  		  	Break Clause
			
	7.	  		  	Guarantee
		
	Schedules	  	
			
	I	  		  	The Rights
			
		  		  	 1       Right of Way

			
		  		  	 2       Services

			
	II	  		  	The Exceptions
			
		  		  	 1       Services

			
		  		  	 2       Construct Easements

			
		  		  	 3       Access

			
		  		  	 4       Light

			
		  		  	 5       Support

			
		  		  	 6       Fire Escape

  

 36 

					
		  	7	  	Superior Lease.
		
	III	  	Rent Review
			
		  	1	  	Definitions and Interpretation
			
		  	2	  	The Rent Review
			
		  	3	  	Fixing the Reviewed Rent
			
		  	4	  	The Appointer
			
		  	5	  	Arbitration
			
		  	6	  	Memoranda of Revised Rent
			
		  	7	  	Payment on Account pending Determination
			
		  	8	  	Payment on Determination
			
		  	9	  	Statutory Rent Restriction
		
	IV	  	The Tenant’s Covenants
			
		  	1	  	Rent
			
		  	2	  	Outgoings
			
		  	3	  	Shared Items
			
		  	4	  	Insurance
			
		  	5	  	Repair
			
		  	6	  	Decoration
			
		  	7	  	Keep Tidy
			
		  	8	  	Amenity Land
			
		  	9	  	Residence

  

 37 

					
		 	10	  	Smoke Abatement
			
		 	11	  	Pollution
			
		 	12	  	Drains
			
		 	13	  	Roof and Floor Weighting
			
		 	14	  	Refuse
			
		 	15	  	Machinery
			
		 	16	  	Unloading
			
		 	17	  	User
			
		 	18	  	Alterations
			
		 	19	  	Planning Acts
			
		 	20	  	Statutory Obligations
			
		 	21	  	Access of Landlord and Notice to Repair
			
		 	22	  	Dealing
			
		 	23	  	Signs and Advertisements
			
		 	24	  	Temporary Buildings
			
		 	25	  	Notices Specifying Breach
			
		 	26	  	Indemnities
			
		 	27	  	Reletting Boards
			
		 	28	  	Landlord’s Rights
			
		 	29	  	Plans
			
		 	30	  	Encroachment
			
		 	31	  	Yield Up
			
		 	32	  	Licence Fees

  

 38 

					
		 	 33     
	 	Landscaping Charge/Service Charge
			
		 	 34     
	 	Superior Lease
			
		 	 35     
	 	Interest on Arrears
			
		 	 36     
	 	Registration of Documents
			
		 	 37     
	 	Sale of Reversion
			
		 	 38     
	 	Notices
		
		 	The Landlord’s Covenants
			
		 	 1       
	 	Quiet Enjoyment
			
		 	 2       
	 	Insurance

  

 39 

			
		 	Dated the      day of                     
2005
		
		 	BETWEEN                        
		
		 	J.J. RHATIGAN & COMPANY LIMITED
		
		 	Landlord                
		
		 	CONOR MEDSYSTEMS, INC.
		
		 	Guarantors            
		
		 	CONOR MEDSYSTEMS IRELAND LIMITED
		
		 	Tenant                    
		
		 	LEASE                        

 Kieran Murphy & Co.,   
 Solicitors,                       
 9 The Crescent,             
 Galway                           
 Ref: L499_04/JT/NT     
  

 40Registration Rights Agreement

 Exhibit 4.1 
 Execution Version 
 $296,834,000 Principal Amount 
 DYNEGY HOLDINGS INC. 
 8.375% Senior
Unsecured Notes due 2016 
 REGISTRATION RIGHTS AGREEMENT 
 July 21, 2006 
 RCP Debt, LLC 
 RCMF Debt, LLC 

	 	c/o	Reservoir Capital Group, L.L.C. 

 650 Madison Avenue, 26th
Floor 
 New York, NY 10022 
 Dear Sirs: 
 Dynegy Holdings Inc., a Delaware corporation (the “Company”),
proposes to issue and sell to the purchasers named on the signature page hereto (collectively, the “Purchasers”) pursuant to the exchange agreement of even date herewith (the “Exchange Agreement”),
subject to the terms and conditions stated therein, $296,834,000 aggregate principal amount of its 8.375% Senior Unsecured Notes due 2016 (the “Initial Securities”). The Initial Securities will be issued under the second
supplemental indenture dated as of April 12, 2006 to the indenture dated as of September 26, 1996, as amended and restated as of March 23, 1998, amended and restated again as of March 14, 2001 and as supplemented by a first
supplemental indenture dated as of July 25, 2003 (collectively, the “Indenture”), between the Company and Wilmington Trust Company (as successor to JPMorgan Chase Bank, N.A., the “Trustee”).
As an inducement to the Purchasers to enter into the Exchange Agreement, the Company agrees with the Purchasers, for the benefit of the holders of the Initial Securities (including, without limitation, the Purchasers) and the Exchange Securities (as
defined below) (collectively, the “Holders”), as follows: 
 1. Registered Exchange Offer. (a) The
Company shall, at its own cost, prepare and, not later than 90 days after (or if the 90th day is not a business day, the first business day thereafter) the date of original issuance of the Initial Securities pursuant to the Exchange Agreement (the
“Issue Date”), file with the Securities and Exchange Commission (the “Commission”) a registration statement (the “Exchange Offer Registration Statement”) on an appropriate form
under the Securities Act of 1933, as amended (the “Securities Act”), with respect to a proposed offer (the “Registered Exchange Offer”) to the Holders of Transfer Restricted Securities (as defined in
Section 6 hereof) who are not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer, to issue and deliver to such Holders, in exchange for the Initial Securities, a like aggregate principal amount
of debt 

 securities (the “Exchange Securities”) of the Company issued under the Indenture and identical in
all material respects to the Initial Securities (except for the transfer restrictions relating to the Initial Securities and the provisions relating to the matters described in Section 6 hereof) that would be registered under the Securities
Act. Notwithstanding any provision of this Agreement to the contrary, the Company shall, unless in the reasonable opinion of its counsel such action is not permissible under the rules, regulations and interpretations of the Commission (including but
not limited to (i) “no-action” letters and other releases of the Commission; (ii) telephone interpretations of the Commission, whether published and made publicly available by the Commission or otherwise; and (iii) comments,
correspondence and other communications from the staff of the Commission received by or made available to the Company, whether with respect to the Exchange Offer Registration Statement, any amendment thereto or otherwise) or other applicable law,
use its reasonable best efforts to satisfy its obligations described in the immediately preceding sentence by including the Initial Securities in an amendment to the Registration Statement on Form S-4 (File No. 333-135203) filed by the Company
with the Commission on June 21, 2006, in which case such registration statement shall be the “Exchange Offer Registration Statement” for purposes of this Agreement. 
 The Company shall use its reasonable best efforts to cause the Exchange Offer Registration Statement to become effective under the Securities Act within
180 days (or if the 180th day is not a business day, the first business day thereafter) after the Issue Date and shall keep the Exchange Offer Registration Statement effective for not less than 30 days (or longer, if required by applicable law)
after the date notice of the Registered Exchange Offer is mailed to the Holders (such period being called the “Exchange Offer Registration Period”). 
 The Initial Securities and the Exchange Securities are herein collectively called the “Securities”. 
 (b) If the Company effects the Registered Exchange Offer, the Company will be entitled to close the Registered Exchange Offer 30 days after the
commencement thereof; provided that the Company has accepted all the Initial Securities theretofore validly tendered in accordance with the terms of the Registered Exchange Offer. 
 (c) Following the declaration of the effectiveness of the Exchange Offer Registration Statement, the Company shall as soon as practicable commence the
Registered Exchange Offer, it being the objective of such Registered Exchange Offer to enable each Holder of Transfer Restricted Securities (as defined in Section 6 hereof) electing to exchange the Initial Securities for Exchange Securities
(assuming that such Holder is not an affiliate of the Company within the meaning of the Securities Act, acquires the Exchange Securities in the ordinary course of such Holder’s business and has no arrangements with any person to participate in
the distribution (within the meaning of the Securities Act) of the Exchange Securities and is not prohibited by any law or policy of the Commission from participating in the Registered Exchange Offer) to trade such Exchange Securities from and after
their receipt without any limitations or restrictions under the Securities Act and without material restrictions under the securities laws of the several states of the United States. 
 (d) The Company acknowledges that, pursuant to current interpretations by the Commission’s staff of Section 5 of the Securities Act, in the
absence of an applicable exemption 
  

 2 

 therefrom, (i) each Holder which is a broker-dealer electing to exchange Securities, acquired for its own account as
a result of market making activities or other trading activities, for Exchange Securities (an “Exchanging Dealer”), is required to deliver a prospectus containing the information set forth in (a) Annex A hereto on the
cover, (b) Annex B hereto in the “Exchange Offer Procedures” section or corresponding section and the “Purpose of the Exchange Offer” section or corresponding section, and (c) Annex C hereto
in the “Plan of Distribution” section or corresponding section of such prospectus in connection with a sale of any such Exchange Securities received by such Exchanging Dealer pursuant to the Registered Exchange Offer and
(ii) a Purchaser that elects to sell Exchange Securities acquired in exchange for Initial Securities constituting any portion of an unsold allotment is required to deliver a prospectus containing the information required by Items 507 or 508 of
Regulation S-K under the Securities Act, as applicable, in connection with such sale. 
 (e) The Company shall use its reasonable best
efforts to keep the Exchange Offer Registration Statement effective and to amend and supplement the prospectus contained therein, in order to permit such prospectus to be lawfully delivered by all persons subject to the prospectus delivery
requirements of the Securities Act for such period of time as such persons must comply with such requirements in order to resell the Exchange Securities; provided, however, that (i) in the case where such prospectus and any
amendment or supplement thereto must be delivered by an Exchanging Dealer or a Purchaser, such period shall be the lesser of 180 days following the effective date of the Exchange Offer Registration Statement and the date on which all Exchanging
Dealers and Purchasers have sold all Exchange Securities held by them (unless such period is extended pursuant to Section 3(j) below) and (ii) the Company shall make such prospectus and any amendment or supplement thereto available to any
broker-dealer for use in connection with any resale of any Exchange Securities for a period of not less than 90 days after the consummation of the Registered Exchange Offer. 
 (f) In connection with the Registered Exchange Offer, the Company shall: 
 (i) mail to each Holder a copy of the prospectus forming part of the Exchange Offer Registration Statement, together with an appropriate
letter of transmittal and related documents; 
 (ii) keep the Registered Exchange Offer open for not less than 30 days (or
longer, if required by applicable law) after the date notice thereof is mailed to the Holders; 
 (iii) utilize the services
of a depositary for the Registered Exchange Offer, which may be the Trustee or an affiliate of the Trustee; 
 (iv) permit
Holders to withdraw tendered Securities at any time prior to the close of business, New York time, on the last business day on which the Registered Exchange Offer shall remain open; and 
 (v) otherwise comply with all applicable laws. 
 (g) As soon as practicable after the close of the Registered Exchange Offer, the Company shall: 
 (i) accept for exchange all the Initial Securities validly tendered and not withdrawn pursuant to the Registered Exchange Offer; 
  

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 (ii) deliver to the Trustee for cancellation all the Initial Securities so accepted for
exchange; and 
 (iii) cause the Trustee to authenticate and deliver promptly to each Holder Exchange Securities equal in
principal amount to the Initial Securities of such Holder so accepted or tendered for exchange. 
 (h) The Indenture provides that the
Exchange Securities will not be subject to the transfer restrictions set forth in the Indenture and that all the Securities will vote and consent together on all matters as one class and that none of the Securities will have the right to vote or
consent as a class separate from one another on any matter. 
 (i) Interest on each Exchange Security issued pursuant to the Registered
Exchange Offer will accrue from the last interest payment date on which interest was paid on the Initial Securities surrendered in exchange therefor or, if no interest has been paid on the Initial Securities, from the date from which interest
accrues as specified in the Initial Securities. 
 (j) Each Holder participating in the Registered Exchange Offer shall be required to
represent to the Company that at the time of the consummation of the Registered Exchange Offer (i) any Exchange Securities received by such Holder will be acquired in the ordinary course of business, (ii) such Holder will have no
arrangements or understanding with any person to participate in the distribution of 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 or if it is an affiliate, such Holder will comply with the registration and prospectus delivery requirements of the Securities Act to the extent applicable, (iv) if such Holder is not a broker-dealer, that it is not engaged
in, and does not intend to engage in, the distribution of the Exchange Securities and (v) if such Holder is a broker-dealer, that it will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a
result of market-making activities or other trading activities and that it will be required to acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. 
 (k) Notwithstanding any other provisions hereof, the Company will ensure that (i) any Exchange Offer Registration Statement and any amendment
thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Exchange Offer Registration Statement and any amendment
thereto does not, when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any prospectus
forming part of any Exchange Offer Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading. 
  

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 2. Shelf Registration. (a) If, (i) because of any change in law or in applicable
interpretations thereof by the staff of the Commission, the Company is not permitted to effect a Registered Exchange Offer, as contemplated by Section 1 hereof, (ii) the Registered Exchange Offer is not consummated within 210 days of the
Issue Date, (iii) any Purchaser so requests with respect to the Initial Securities not eligible to be exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer or
(iv) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Registered Exchange Offer or, in the case of any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer, such Holder
does not receive freely tradeable Exchange Securities on the date of the exchange, the Company shall take the following actions: 
 (A) The Company shall, at its cost, as promptly as practicable (but in no event more than 30 days after so required or requested pursuant to this Section 2) file with the Commission a registration statement (the “Shelf
Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act relating to the offer and sale of the Transfer
Restricted Securities (as defined in Section 6 hereof) by the Holders thereof from time to time in accordance with the methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act (hereinafter, the
“Shelf Registration”); provided, however, that (1) in the case contemplated by clause (a)(i) of this Section, the Company shall use its reasonable best efforts to cause the Shelf Registration Statement to
be declared effective on or prior the 180th day of the Issue Date (unless it becomes effective automatically upon filing), and (2) in the cases contemplated by clauses (a)(ii), (a)(iii) and (a)(iv) of this Section 2, the Company shall
use its reasonable best efforts to cause the Shelf Registration Statement to be declared effective on or prior the 90th date after the date on which the Shelf Registration Statement is required to be filed (unless it becomes effective automatically
upon filing); provided, further, that no Holder (other than a Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the
provisions of this Agreement applicable to such Holder. 
 (B) The Company shall use its reasonable best efforts to keep the
Shelf Registration Statement continuously effective in order to permit the prospectus included therein to be lawfully delivered by the Holders of the Securities included within the coverage of the Shelf Registration, for a period of two years (or
for such longer period if extended pursuant to Section 3(j) below) from the Issue Date or such shorter period that will terminate when all the Securities covered by the Shelf Registration Statement (i) have been sold pursuant thereto or
(ii) are no longer restricted securities (as defined in Rule 144 under the Securities Act, or any successor rule thereof). 
 (C) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of its respective effective date,
(i) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission and (ii) not to contain any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. 
  

 5 

 3. Registration Procedures. In connection with any Shelf Registration contemplated by
Section 2 hereof and, to the extent applicable, any Registered Exchange Offer contemplated by Section 1 hereof, the following provisions shall apply: 
 (a) The Company shall (i) furnish to each Purchaser, prior to the filing thereof with the Commission, a copy of the Registration
Statement and each amendment thereof and each supplement, if any, to the prospectus included therein and, in the event that a Purchaser (with respect to any portion of an unsold allotment from the original offering) is participating in the
Registered Exchange Offer or the Shelf Registration Statement, the Company shall use its reasonable best efforts to reflect in each such document, when so filed with the Commission, such comments as such Purchaser reasonably may propose;
(ii) include the information set forth in Annex A hereto on the cover, in Annex B hereto in the “Exchange Offer Procedures” section or corresponding section and the “Purpose of the Exchange Offer” section or corresponding
section and in Annex C hereto in the “Plan of Distribution” section or corresponding section of the prospectus forming a part of the Exchange Offer Registration Statement and include the information set forth in Annex D hereto in the
Letter of Transmittal delivered pursuant to the Registered Exchange Offer; (iii) if requested by a Purchaser, include the information required by Items 507 or 508 of Regulation S-K under the Securities Act, as applicable, in the prospectus
forming a part of the Exchange Offer Registration Statement; (iv) include within the prospectus contained in the Exchange Offer Registration Statement a section entitled “Plan of Distribution,” reasonably acceptable to the Purchasers,
which shall contain a summary statement of the positions taken or policies made by the staff of the Commission with respect to the potential “underwriter” status of any broker-dealer that is the beneficial owner (as defined in Rule 13d-3
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of Exchange Securities received by such broker-dealer in the Registered Exchange Offer (a “Participating Broker-Dealer”),
whether such positions or policies have been publicly disseminated by the staff of the Commission or such positions or policies, in the reasonable judgment of the Purchasers based upon advice of counsel (which may be in-house counsel), represent the
prevailing views of the staff of the Commission; and (v) in the case of a Shelf Registration Statement, include in the prospectus included in the Shelf Registration Statement (or, if permitted by Commission Rule 430B(b), in a prospectus
supplement that becomes a part thereof pursuant to Commission Rule 430B(f)) that is delivered to any Holder pursuant to Section 3(d) and (f), the names of the Holders who propose to sell Securities pursuant to the Shelf Registration
Statement, as selling securityholders. 
 (b) The Company shall give written notice to the Purchasers, the Holders and any
Participating Broker-Dealer from whom the Company has received prior written notice that it will be a Participating Broker-Dealer in the Registered Exchange Offer (which notice pursuant to clauses (ii)-(v) hereof shall be accompanied by an
instruction to suspend the use of the prospectus until the requisite changes have been made): 
  

 6 

 (i) when the Registration Statement or any amendment thereto has been filed with the
Commission and when the Registration Statement or any post-effective amendment thereto has become effective (subject to the second sentence of Section 1(a)); 
 (ii) of any request by the Commission for amendments or supplements to the Registration Statement or the prospectus included therein or
for additional information; 
 (iii) of the issuance by the Commission of any stop order suspending the effectiveness of the
Registration Statement or the initiation of any proceedings for that purpose, of the issuance by the Commission of a notification of objection to the use of the form on which the Registration Statement has been filed, and of the happening of any
event that causes the Company to become an “ineligible issuer,” as defined in Commission Rule 405; 
 (iv) of
the receipt by the Company or its legal counsel of any notification with respect to the suspension of the qualification of the Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 (v) of the happening of any event that requires the Company to make changes in the Registration Statement or the prospectus
in order that the Registration Statement or the prospectus do not contain an untrue statement of a material fact nor omit to state a material fact required to be stated therein or necessary to make the statements therein (in the case of the
prospectus, in light of the circumstances under which they were made) not misleading. 
 (c) The Company shall make every
reasonable effort to obtain the withdrawal at the earliest possible time, of any order suspending the effectiveness of the Registration Statement. 
 (d) The Company shall furnish to each Holder of Securities included within the coverage of the Shelf Registration who so requests in writing, without charge, at least one copy of the Shelf Registration Statement and
any post-effective amendment or supplement thereto, including financial statements and schedules, and, if the Holder so requests in writing, all exhibits thereto (including those, if any, incorporated by reference). The Company shall not, without
the prior consent of the Purchasers, make any offer relating to the Securities that would constitute a “free writing prospectus,” as defined in Commission Rule 405. 
 (e) The Company shall deliver to each Exchanging Dealer, each Purchaser and to any other Holder who so requests in writing, without
charge, at least one copy of the Exchange Offer Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if any Exchanging Dealer or Purchaser or any such Holder requests in writing, all
exhibits thereto (including those incorporated by reference). 
  

 7 

 (f) The Company shall, during the Shelf Registration Period, deliver to each Holder of
Securities included within the coverage of the Shelf Registration, without charge, as many copies of the prospectus (including each preliminary prospectus) included in the Shelf Registration Statement and any amendment or supplement thereto as such
person may reasonably request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by each of the Holders of the Securities included within the coverage of the Shelf
Registration in connection with the offering and sale of the Securities covered by the prospectus, or any amendment or supplement thereto, included in the Shelf Registration Statement. 
 (g) The Company shall deliver to each Purchaser, any Exchanging Dealer, any Participating Broker-Dealer and such other persons required to
deliver a prospectus following the Registered Exchange Offer, without charge, as many copies of the final prospectus included in the Exchange Offer Registration Statement and any amendment or supplement thereto as such persons may reasonably
request. The Company consents, subject to the provisions of this Agreement, to the use of the prospectus or any amendment or supplement thereto by any Purchaser, if necessary, any Participating Broker-Dealer and such other persons required to
deliver a prospectus following the Registered Exchange Offer in connection with the offering and sale of the Exchange Securities covered by the prospectus, or any amendment or supplement thereto, included in such Exchange Offer Registration
Statement. 
 (h) Prior to any public offering of the Securities, pursuant to any Registration Statement, the Company shall
register or qualify or cooperate with the Holders of the Securities included therein and their respective counsel in connection with the registration or qualification of the Securities for offer and sale under the securities or “blue sky”
laws of such states of the United States as any Holder reasonably requests in writing and do any and all other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of the Securities covered by such Registration
Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ii) take any action which would subject it to general
service of process or to taxation in any jurisdiction where it is not then so subject. 
 (i) The Company shall cooperate with
the Holders to facilitate the timely preparation and delivery of certificates representing the Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the
Holders may request a reasonable period of time prior to sales of the Securities pursuant to such Registration Statement. 
 (j) Upon the occurrence of any event contemplated by paragraphs (ii) through (v) of Section 3(b) above during the period for which the Company is required to maintain an effective Registration Statement, the Company shall
promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the related prospectus and any other required document so that, as thereafter delivered to the Holders, the prospectus will not contain an untrue
statement of a material fact or omit to 
  

 8 

 state any material fact required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading. If the Company notifies the Purchasers, the Holders and any known Participating Broker-Dealer in accordance with paragraphs (ii) through (v) of Section 3(b) above
to suspend the use of the prospectus until the requisite changes to the prospectus have been made, then the Purchasers, the Holders and any such Participating Broker-Dealers shall suspend use of such prospectus, and the period of effectiveness of
the Shelf Registration Statement provided for in Section 2 above and the Exchange Offer Registration Statement provided for in Section 1 above shall each be extended by the number of days from and including the date of the giving of such
notice to and including the date when the Purchasers, the Holders and any known Participating Broker-Dealer shall have received such amended or supplemented prospectus pursuant to this Section 3(j). During the period during which the Company is
required to maintain an effective Shelf Registration Statement pursuant to this Agreement, the Company will prior to the three-year expiration of that Shelf Registration Statement file, and use its reasonable best efforts to cause to be declared
effective (unless it becomes effective automatically upon filing) within a period that avoids any interruption in the ability of the Holders of the Securities covered by the expiring Shelf Registration Statement to make registered dispositions, a
new registration statement relating to the Securities, which shall be deemed the “Shelf Registration Statement” for purposes of this Agreement. 
 (k) Not later than the effective date of the applicable Registration Statement, the Company will provide a CUSIP number for the Initial Securities and the Exchange Securities, and provide the applicable trustee with
printed certificates for the Initial Securities and the Exchange Securities in a form eligible for deposit with The Depository Trust Company. 
 (l) The Company will comply with all rules and regulations of the Commission to the extent and so long as they are applicable to the Registered Exchange Offer or the Shelf Registration and will make generally
available to its securityholders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a
12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the Company’s first fiscal quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month
period. 
 (m) The Company shall cause the Indenture to be qualified under the Trust Indenture Act of 1939, as amended, in a
timely manner and containing such changes, if any, as shall be necessary for such qualification. 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 
 (n) The Company may require each Holder of Securities to
be sold pursuant to the Shelf Registration Statement to furnish to the Company such information regarding the Holder and the distribution of the Securities as the Company may from time to time reasonably require for inclusion in the Shelf
Registration Statement, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 
  

 9 

 (o) The Company shall enter into such customary agreements (including, if requested, an
underwriting agreement in customary form) and take all such other action, if any, as any Holder shall reasonably request in order to facilitate the disposition of the Securities pursuant to any Shelf Registration. 
 (p) In the case of any Shelf Registration with respect to an underwritten offering of Securities, the Company shall (i) make
reasonably available for inspection by the Holders of the Securities included within the coverage of the Shelf Registration, any underwriter participating in any disposition pursuant to the Shelf Registration Statement and any attorney, accountant
or other agent retained by the Holders of the Securities included within the coverage of the Shelf Registration or any such underwriter all relevant financial and other records, pertinent corporate documents and properties of the Company and
(ii) cause the Company’s officers, directors, employees, accountants and auditors to supply all material relevant information reasonably requested by the Holders of the Securities included within the coverage of the Shelf Registration or
any such underwriter, attorney, accountant or agent in connection with the Shelf Registration Statement, in each case, as shall be reasonably necessary to enable such persons to conduct a reasonable investigation within the meaning of
Section 11 of the Securities Act; provided, however, that the foregoing inspection and information gathering shall be coordinated on behalf of the Holders by one counsel designated by and on behalf of the Holders as described in
Section 4 hereof, and the Company shall have no obligation to pay the fees and expenses of the Holders other than as contemplated by Section 4. 
 (q) In the case of any Shelf Registration, the Company, if requested by any Holder of Securities covered thereby, shall cause (i) its counsel to deliver an opinion and updates thereof relating to the Securities
in customary form addressed to the managing underwriters, if any, thereof and dated, in the case of the initial opinion, the effective date of such Shelf Registration Statement (it being agreed that the matters to be covered by such opinion shall
include, without limitation, the valid existence and good standing of the Company and its subsidiaries; the due authorization, execution and delivery of the relevant agreement of the type referred to in Section 3(o) hereof; the due
authorization, execution, authentication and issuance, and the validity and enforceability, of the applicable Securities; the absence of material legal or governmental proceedings involving the Company and its subsidiaries; the absence of
governmental approvals required to be obtained in connection with the Shelf Registration Statement, the offering and sale of the applicable Securities, or any agreement of the type referred to in Section 3(o) hereof; the compliance as to form
of such Shelf Registration Statement and any documents incorporated by reference therein and of the Indenture with the requirements of the Securities Act and the Trust Indenture Act, respectively; as of the date of the opinion and as of the
effective date of the Shelf Registration Statement or most recent post-effective amendment thereto or most recent prospectus supplement thereto that is deemed to establish a new effective date, as the case may be, the absence from such Shelf
Registration Statement and the prospectus and any prospectus supplement included therein, as then amended or supplemented and including any 
  

 10 

 documents incorporated by reference therein, of an untrue statement of a material fact or the omission to
state therein a material fact required to be stated therein or necessary to make the statements therein not misleading; and as of an applicable time identified by such Holders or managing underwriters, the absence from the prospectus included in the
Registration Statement, as amended or supplemented at such applicable time and including any documents incorporated by reference therein, taken together with any other documents identified by such Holders or managing underwriters and the Company and
referenced in such opinion, of an untrue statement of a material fact or the omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading; (ii) its officers to execute and deliver all customary documents and certificates and updates thereof requested by any underwriters of the applicable Securities and (iii) its independent public accountants and the
independent public accountants with respect to any other entity for which financial information is provided in the Shelf Registration Statement to provide to any underwriter therefor a comfort letter in customary form and covering matters of the
type customarily covered in comfort letters in connection with primary underwritten offerings, subject to receipt of appropriate documentation as contemplated, and only if permitted, by AU sec. 634. 
 (r) In the case of the Registered Exchange Offer, if requested by any Purchaser or any known Participating Broker-Dealer, the Company
shall cause its counsel to deliver to such Purchaser or such Participating Broker-Dealer an opinion of such counsel as to the matters set forth in clauses (i), (ii), (iv), (v), (vii) and (viii) of Section 1.3(g) of the Exchange
Agreement. 
 (s) If a Registered Exchange Offer is to be consummated, upon delivery of the Initial Securities by Holders to
the Company (or to such other Person as directed by the Company) in exchange for the Exchange Securities, the Company shall mark, or caused to be marked, on the Initial Securities so exchanged that such Initial Securities are being canceled in
exchange for the Exchange Securities; in no event shall the Initial Securities be marked as paid or otherwise satisfied. 
 (t) In the event that any broker-dealer registered under the Exchange Act shall underwrite any Securities or participate as a member of an underwriting syndicate or selling group or “assist in the distribution” (within the meaning
of the Conduct Rules (the “Rules”) of the National Association of Securities Dealers, Inc. (“NASD”)) thereof, whether as a Holder of such Securities or as an underwriter, a placement or sales agent or
a broker or dealer in respect thereof, or otherwise, the Company will assist such broker-dealer in complying with the requirements of such Rules, including, without limitation, by (i) if such Rules, including Rule 2720, shall so require,
engaging a “qualified independent underwriter” (as defined in Rule 2720) to participate in the preparation of the Registration Statement relating to such Securities, to exercise usual standards of due diligence in respect thereto and, if
any portion of the offering contemplated by such Registration Statement is an underwritten offering or is made through a placement or sales agent, to recommend the yield of such Securities, (ii) indemnifying any such qualified independent
underwriter to the extent of the indemnification of underwriters provided in Section 5 hereof and (iii) providing such information to such broker-dealer as 
  

 11 

 may be required in order for such broker-dealer to comply with the requirements of the Rules; provided
that the Company shall have no obligation to pay such qualified independent underwriter’s fees and expenses. 
 (u) The
Company shall use its reasonable best efforts to take all other steps necessary to effect the registration of the Securities covered by a Registration Statement contemplated hereby. 
 4. Registration Expenses. The Company shall bear all fees and expenses incurred in connection with the performance of its obligations under
Sections 1 through 3 hereof, whether or not the Registered Exchange Offer or a Shelf Registration is filed or becomes effective, and, in the event of a Shelf Registration, shall bear or reimburse the Holders of the Securities covered thereby for the
reasonable fees and disbursements of one firm of counsel designated by the Holders of a majority in principal amount of the Initial Securities covered thereby to act as counsel for the Holders of the Initial Securities in connection therewith.

 5. Indemnification. (a) The Company agrees to indemnify and hold harmless each Holder, any Participating Broker-Dealer and
each person, if any, who controls such Holder or such Participating Broker-Dealer within the meaning of the Securities Act or the Exchange Act (each Holder, any Participating Broker-Dealer and such controlling persons are referred to collectively as
the “Indemnified Parties”) from and against any losses, claims, damages or liabilities, joint or several, or any actions in respect thereof (including, but not limited to, any losses, claims, damages, liabilities or actions
relating to purchases and sales of the Securities) to which each Indemnified Party may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages, liabilities or actions arise out of or are based
upon any untrue statement or alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or “issuer free writing prospectus,” as
defined in Commission Rule 433 (“Issuer FWP”), relating to a Shelf Registration, 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 shall reimburse, as incurred, the Indemnified Parties for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage,
liability or action in respect thereof; provided, however, that the Company shall not be liable in any such case to the extent that such loss, claim, damage or liability arises out of or is based upon any untrue statement or alleged
untrue statement or omission or alleged omission made in a Registration Statement or prospectus or in any amendment or supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration in reliance upon and in
conformity with written information pertaining to such Holder and furnished to the Company by or on behalf of such Holder specifically for inclusion therein. 
 (b) Each Holder, severally and not jointly, will indemnify and hold harmless the Company and each person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act from and against
any losses, claims, damages or liabilities or any actions in respect thereof, to which the Company or any such controlling person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such losses, claims, damages,
liabilities or actions arise out of or are based upon any untrue statement or 
  

 12 

 alleged untrue statement of a material fact contained in a Registration Statement or prospectus or in any amendment or
supplement thereto or in any preliminary prospectus or Issuer FWP relating to a Shelf Registration, or arise out of or are based upon the omission or alleged omission to state therein a material fact necessary to make the statements therein not
misleading, but in each case only to the extent that the untrue statement or omission or alleged untrue statement or omission was made in reliance upon and in conformity with written information pertaining to such Holder and furnished to the Company
by or on behalf of such Holder specifically for inclusion therein; and, subject to the limitation set forth immediately preceding this clause, shall reimburse, as incurred, the Company for any legal or other expenses reasonably incurred by the
Company or any such controlling person in connection with investigating or defending any loss, claim, damage, liability or action in respect thereof. This indemnity agreement will be in addition to any liability which such Holder may otherwise have
to the Company or any of its controlling persons. 
 (c) Promptly after receipt by an indemnified party under this Section 5 of notice
of the commencement of any action or proceeding (including a governmental investigation), such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 5, notify the indemnifying
party of the commencement thereof; but the failure to notify the indemnifying party shall not relieve the indemnifying party from any liability that it may have under subsection (a) or (b) above except to the extent that it has been
materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided further that the failure to notify the indemnifying party shall not relieve it from any liability that it may have to an
indemnified party otherwise than under subsection (a) or (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate therein and, to the extent that it may 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 party to such indemnified party of its election so to assume the defense thereof the indemnifying party will not be liable to
such indemnified party under this Section 5 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof. No indemnifying party shall,
without the prior written consent of the indemnified party, effect any settlement of any pending or threatened action in respect of which any indemnified party is or could have been a party and indemnity could have been sought hereunder by such
indemnified party unless such settlement (i) includes an unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action, 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) If the indemnification provided for in
this Section 5 is unavailable or insufficient to hold harmless an indemnified party under subsections (a) or (b) above, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result
of the losses, claims, damages or liabilities (or actions in respect thereof) referred to in subsection (a) or (b) above (i) in such proportion as is appropriate to reflect the relative benefits received by the indemnifying party or
parties on the one hand and the indemnified party on the other from the exchange of the Securities, pursuant to the Registered Exchange Offer, or (ii) if 
  

 13 

 the allocation provided by the foregoing clause (i) is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in connection with the statements or
omissions that 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 the parties shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company on the one hand or such Holder or such other indemnified party, as the case
may be, on the other, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid by an indemnified party as a result of the losses, claims, damages or
liabilities referred to in the first sentence of this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any action or claim which is
the subject of this subsection (d). Notwithstanding any other provision of this Section 5(d), the Holders shall not be required to contribute any amount in excess of the amount by which the net proceeds received by such Holders from the sale of
the Securities pursuant to a Registration Statement exceeds the amount of damages which such Holders have 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. For purposes of this paragraph (d), each person,
if any, who controls such indemnified party within the meaning of the Securities Act or the Exchange Act shall have the same rights to contribution as such indemnified party and each person, if any, who controls the Company within the meaning of the
Securities Act or the Exchange Act shall have the same rights to contribution as the Company. 
 (e) The agreements contained in this
Section 5 shall survive the sale of the Securities pursuant to a Registration Statement and shall remain in full force and effect, regardless of any termination or cancellation of this Agreement or any investigation made by or on behalf of any
indemnified party. 
 6. Additional Interest Under Certain Circumstances. (a) Additional interest (the “Additional
Interest”) with respect to the Initial Securities shall be assessed as follows if any of the following events occur (each such event in clauses (i) through (vi) below a “Registration Default”):

 (i) if the Company fails to file an Exchange Offer Registration Statement with the Commission on or prior to the 90th day
after the Issue Date (subject to the second sentence of Section 1(a)), or 
 (ii) if the Exchange Offer Registration
Statement is not declared effective by the Commission on or prior to the 180th day after the Issue Date or, if obligated to file a Shelf Registration Statement because of the circumstances described in Section 2(a)(i) above, a Shelf
Registration Statement has not become effective on or prior to the 180th day after the Issue Date, or 
  

 14 

 (iii) if the Exchange Offer is not consummated on or before the 40th day after the
Exchange Offer Registration Statement is declared effective, or 
 (iv) if obligated to file a Shelf Registration Statement
because of circumstances described in Section 2(a)(ii), 2(a)(iii), or 2(a)(iv) above, the Company fails to file the Shelf Registration Statement with the Commission on or prior to the 30th day (the “Shelf Filing Date”)
after the date on which the obligation to file a Shelf Registration Statement arises, or 
 (v) if obligated to file a Shelf
Registration Statement because of circumstances described in Section 2(a)(ii), 2(a)(iii), or 2(a)(iv) above, the Shelf Registration Statement has not become effective on or prior to the 90th day of the Shelf Filing Date, or 
 (vi) if after either the Exchange Offer Registration Statement or the Shelf Registration Statement becomes effective (A) such
Registration Statement thereafter ceases to be effective; or (B) such Registration Statement or the related prospectus ceases to be usable (except as permitted in paragraph (b)) in connection with resales of Transfer Restricted Securities
during the periods specified herein because either (1) any event occurs as a result of which the related prospectus forming part of such Registration Statement would include any untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein in the light of the circumstances under which they were made not misleading, (2) it shall be necessary to amend such Registration Statement or supplement the related prospectus to comply with the
Securities Act or the Exchange Act or the respective rules thereunder, or (3) such Registration Statement is a Shelf Registration Statement that has expired before a replacement Shelf Registration Statement has become effective. 
 Additional Interest shall accrue on the Initial Securities over and above the interest set forth in the title of the Securities from and including the date on which any
such Registration Default shall occur to but excluding the date on which all such Registration Defaults have been cured. The rate of the Additional Interest will be 0.25% per annum for the first 90-day period immediately following the
occurrence of a Registration Default, and such rate will increase by an additional 0.25% per annum with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum additional interest rate of
1.0% per annum. 
 (b) A Registration Default referred to in Section 6(a)(vi)(B) hereof shall be deemed not to have occurred and be
continuing in relation to a Shelf Registration Statement or the related prospectus if (i) such Registration Default has occurred solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration Statement to
incorporate annual audited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared effective to permit Holders to use the related prospectus or (y) other material
events, with respect to the Company that would need to be described in such Shelf Registration Statement or the related prospectus and (ii) in the case of clause (y), the Company is proceeding promptly and in good faith to amend or supplement
such Shelf Registration Statement and related prospectus to describe such events; provided, however, that, in any case, if such Registration Default occurs for a continuous period in excess of 30 days, Additional Interest shall be
payable in accordance with the above paragraph from the day such Registration Default occurs until such Registration Default is cured. 
  

 15 

 (c) Any amounts of Additional Interest due pursuant to clause (i), (ii) or (iii) of
Section 6(a) above will be payable in cash on the regular interest payment dates with respect to the Initial Securities. The amount of Additional Interest will be determined by multiplying the applicable Additional Interest rate by the
principal amount of the Initial Securities, multiplied by a fraction, the numerator of which is the number of days such Additional Interest rate was applicable during such period (determined on the basis of a 360-day year comprised of twelve 30-day
months), and the denominator of which is 360. 
 (d) “Transfer Restricted Securities” means each Security until
(i) the date on which such Transfer Restricted Security has been exchanged by a person other than a broker-dealer for a freely transferable Exchange Security in the Registered Exchange Offer, (ii) following the exchange by a broker-dealer
in the Registered Exchange Offer of a Initial Security for an Exchange Note, the date on which such Exchange Note is sold to a purchaser who receives from such broker-dealer on or prior to the date of such sale a copy of the prospectus contained in
the Exchange Offer Registration Statement, (iii) the date on which such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement or (iv) the date on which
such Initial Security is distributed to the public pursuant to Rule 144 under the Securities Act or is saleable pursuant to Rule 144(k) under the Securities Act. 
 7. Rules 144 and 144A. The Company shall use its reasonable best efforts to file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner and, if at any time
the Company is not required to file such reports, it will, upon the request of any Holder of Initial Securities, make publicly available other information so long as necessary to permit sales of their securities pursuant to Rules 144 and 144A.
The Company covenants that it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Initial Securities without registration under the Securities Act within the
limitation of the exemptions provided by Rules 144 and 144A (including the requirements of Rule 144A(d)(4)). To the extent not available on the Commission’s EDGAR system, the Company will provide a copy of this Agreement to
prospective purchasers of Initial Securities identified to the Company by the Purchasers upon request. Upon the request of any Holder, the Company shall deliver to such Holder a written statement as to whether it has complied with such requirements.
Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities pursuant to the Exchange Act. 
 8. Underwritten Registrations. If any of the Transfer Restricted Securities covered by any Shelf Registration are to be sold in an underwritten offering, the investment banker or investment bankers and
manager or managers that will administer the offering (“Managing Underwriters”) will be selected by the Holders of a majority in aggregate principal amount of such Transfer Restricted Securities to be included in such
offering. 
 No person may participate in any underwritten registration hereunder unless such person (i) agrees to sell such
person’s Transfer Restricted Securities on the basis reasonably provided in 
  

 16 

 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. 
 9. Miscellaneous. 
 (a) Amendments
and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, except by the Company and the written consent of the Holders of a
majority in principal amount of the Securities affected by such amendment, modification, supplement, waiver or consents. 
 (b)
Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand delivery, first-class mail, facsimile transmission, or air courier which guarantees overnight delivery: 
 (1) if to a Holder (other than the Purchasers), at the most current address given by such Holder to the Company in writing; 
 (2) if to the Purchasers; 
 RCP Debt, LLC 
 c/o Reservoir Capital Group, L.L.C. 
 650 Madison Avenue 
 26th Floor 
 New York, NY 10022 
 United States of America 
 Fax: (212) 610-9001 
 Attention: Craig Huff 
 RCMF Debt, LLC 
 c/o Reservoir Capital Group, L.L.C. 
 650 Madison Avenue 
 26th Floor 
 New York, NY 10022 
 United States of America 
 Fax: (212) 610-9001 
 Attention: Craig Huff 
 with a copy (which shall not constitute notice) to: 
 Hogan & Hartson L.L.P. 
 555 13th Street, N.W. 
 Washington, D.C. 20004-1109 
 Fax No.: (202) 637-5910 
 Attention: Robert B. Pender, Jr. 
  

 17 

 (3) if to the Company, at its address as follows: 
 Dynegy Holdings Inc. 
 1000 Louisiana Street, Suite 5800, 
 Houston, Texas 77002 
 Fax No.: (713) 507-6808 
 Attention: General Counsel 
 with a copy (which shall not constitute notice) to: 

Akin Gump Strauss Hauer & Feld LLP 
 1111 Louisiana Street, 44th Floor 
 Houston, TX 77002 
 Fax No.: (713) 236-0822 
 Attention: Julien Smythe 
 All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; three business days after being deposited in the mail, postage prepaid, if mailed; when receipt is
acknowledged by recipient’s facsimile machine operator, if sent by facsimile transmission; and on the day delivered, if sent by overnight air courier guaranteeing next day delivery. 
 (c) No Inconsistent Agreements. The Company has not, as of the date hereof, entered into, nor shall it, on or after the date hereof, enter
into, any agreement with respect to its securities that is inconsistent with the rights granted to the Holders herein or otherwise conflicts with the provisions hereof. 
 (d) Successors and Assigns. This Agreement shall be binding upon the Company and its successors and assigns. 
 (e) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all
of which taken together shall constitute one and the same agreement. 
 (f) Headings. The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (g) Governing Law. THIS AGREEMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. 
 (h) Severability. If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
  

 18 

 (i) Securities Held by the Company. Whenever the consent or approval of Holders of a
specified percentage of principal amount of the Securities is required hereunder, any Securities held by the Company or its affiliates (other than subsequent Holders of Securities if such subsequent Holders are deemed to be affiliates solely by
reason of their holdings of such Securities) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage. 
  

 19 

 Execution Version 
 If the foregoing is in accordance with your understanding of our agreement, please sign and return to the Company a counterpart hereof, whereupon this instrument, along with all counterparts, will become a binding
agreement among the Purchasers and the Company in accordance with its terms. 
  

			
	Very truly yours,
	
	DYNEGY HOLDINGS INC.
		
	By:	 	 /s/ Charles C. Cook

	Name:	 	Charles C. Cook
	Title:	 	Senior Vice President and Treasurer

 The foregoing Registration 
 Rights Agreement is hereby confirmed 
 and accepted as of the date first 
 above written. 
  

			
	PURCHASERS
	
	RCP DEBT, LLC
		
	By:	 	 /s/ Craig Huff

	Name:	 	Craig Huff
	Title:	 	President
	
	RCMF DEBT, LLC
		
	By:	 	 /s/ Craig Huff

	Name:	 	Craig Huff
	Title:	 	President

  

 S-1 

 ANNEX A 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. The
Letter of Transmittal states that by so acknowledging and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. This Prospectus, as it may be amended
or supplemented from time to time, may be used by a broker-dealer in connection with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired by such broker-dealer as a result of
market-making activities or other trading activities. The Company has agreed that, for a period of 180 days after the Expiration Date (as defined herein), it will make this Prospectus available to any broker-dealer for use in connection with any
such resale. See “Plan of Distribution.” 
  

 A-1 

 ANNEX B 
 Each broker-dealer that receives Exchange Securities for its own account in exchange for Securities, where such Initial Securities were acquired by such broker-dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. See “Plan of Distribution.” 
  

 B-1 

 ANNEX C 
 PLAN OF DISTRIBUTION 
 Each broker-dealer that receives Exchange Securities for its own account pursuant to
the Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of such Exchange Securities. This Prospectus, as it may be amended or supplemented from time to time, may be used by a broker-dealer in connection
with resales of Exchange Securities received in exchange for Initial Securities where such Initial Securities were acquired as a result of market-making activities or other trading activities. The Company has agreed that, for a period of 180 days
after the Expiration Date, it will make this prospectus, as amended or supplemented, available to any broker-dealer for use in connection with any such resale. In addition, until [•], all dealers effecting transactions in the Exchange
Securities may be required to deliver a prospectus.(1) 
 The Company will not receive any proceeds from any sale of Exchange Securities by broker-dealers. Exchange
Securities received by broker-dealers for their own account pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the over-the-counter market, in negotiated transactions, through the writing of options on the
Exchange Securities or a combination of such methods of resale, at market prices prevailing at the time of resale, at prices related to such prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers or to or
through brokers or dealers who may receive compensation in the form of commissions or concessions from any such broker-dealer or the purchasers of any such Exchange Securities. Any broker-dealer that resells Exchange Securities that were received by
it for its own account pursuant to the Exchange Offer and any broker or dealer that participates in a distribution of such Exchange Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit on
any such resale of Exchange Securities and any commission or concessions received by any such persons may be deemed to be underwriting compensation under the Securities Act. The Letter of Transmittal states that, by acknowledging that it will
deliver and by delivering a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the Securities Act. 
 For a period of 180 days after the Expiration Date the Company will promptly send additional copies of this Prospectus and any amendment or supplement to this Prospectus to any broker-dealer that requests such
documents in the Letter of Transmittal. The Company has agreed to pay all expenses incident to the Exchange Offer (including the expenses of one counsel for the Holders of the Securities) other than commissions or concessions of any brokers or
dealers and will indemnify the Holders of the Securities (including any broker-dealers) against certain liabilities, including liabilities under the Securities Act. 
  

	(1) 	In addition, the legend required by Item 502(e) of Regulation S-K will appear on the back cover page of the Exchange Offer prospectus.

  

 C-1 

 ANNEX D 
  

	 ̈	CHECK HERE IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO. 

  

			
	Name:	 	                                      
                                        
                                        
                  
	Address:	 	                                      
                                        
                                        
                  
		 	                                      
                                        
                                        
                  

 If the undersigned is not a broker-dealer, the undersigned represents that it is not engaged in, and does not
intend to engage in, a distribution of Exchange Securities. If the undersigned is a broker-dealer that will receive Exchange Securities for its own account in exchange for Initial Securities that were acquired as a result of market-making activities
or other trading activities, it acknowledges that it will deliver a prospectus in connection with any resale of such Exchange Securities; however, by so acknowledging and by delivering a prospectus, the undersigned will not be deemed to admit that
it is an “underwriter” within the meaning of the Securities Act. 
  

 D-1

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