Document:

Exhibit 10.1

 

REGISTRATION
RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS AGREEMENT dated March 15,
2010 (this “Agreement”) is entered into by and among Reddy Ice Corporation, a
Nevada corporation (the “Company”), Reddy Ice Holdings, Inc. (“Parent”)
and J.P. Morgan Securities Inc., as representative (the “Representative”) of
the several initial purchasers (the “Initial Purchasers”) named on Schedule 1
to the Purchase Agreements (as defined below).

 

The Company, Parent and the Initial Purchasers are
parties to the Purchase Agreement dated February 26, 2010 and the Purchase
Agreement dated March 3, 2010 (the “Purchase Agreements”), which provide
for the sale by the Company to the Initial Purchasers of $300,000,000 aggregate
principal amount of the Company’s 11.25% Senior Secured Notes due 2015 (the “Securities”)
which will be guaranteed on a senior secured basis by each of Parent and any
subsidiary of the Company that executes a Guarantee under the Indenture after
the date of this Agreement (the “Subsidiary Guarantors”).  As an inducement to the Initial Purchasers to
enter into the Purchase Agreements, the Company and Parent have agreed to
provide to the Initial Purchasers and their direct and indirect transferees the
registration rights set forth in this Agreement.  The execution and delivery of this Agreement
is a condition to the closing under the Purchase Agreements.

 

In consideration of the foregoing, the
parties hereto agree as follows:

 

1.             Definitions.  As used in this Agreement, the following
terms shall have the following meanings:

 

“Business Day” shall mean any day that is not a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed.

 

“Company” shall have the meaning set forth in the
preamble and shall also include the Company’s successors.

 

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

 

“Exchange Dates” shall have the meaning set forth in
Section 2(a)(ii) hereof.

 

“Exchange Offer” shall mean the exchange offer by
the Company, Parent and any future Subsidiary Guarantors of Exchange Securities
for Registrable Securities pursuant to Section 2(a) hereof.

 

“Exchange Offer Registration” shall mean a
registration under the Securities Act effected pursuant to Section 2(a) hereof.

 

“Exchange Offer Registration Statement” shall mean
an exchange offer registration statement on Form S-4 (or, if applicable,
on another appropriate form) and all amendments and supplements to such
registration statement, in each case including the Prospectus contained therein
or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein.

 

 

“Exchange Securities” shall mean senior secured
notes issued by the Company and guaranteed by Parent and any future Subsidiary
Guarantors under the Indenture containing terms identical to the Securities
(except that the Exchange Securities will not be subject to restrictions on
transfer or to any increase in annual interest rate for failure to comply with
this Agreement) and to be offered to Holders of Securities in exchange for
Securities pursuant to the Exchange Offer.

 

“Free Writing Prospectus” means each free writing
prospectus (as defined in Rule 405 under the Securities Act) prepared by
or on behalf of the Company or used or referred to by the Company in connection
with the sale of the Securities or the Exchange Securities.

 

“Guarantees” shall mean the guarantees of the
Securities and Exchange Securities executed by Parent and the Subsidiary
Guarantors, if any, under and in accordance with the terms of the Indenture.

 

“Holders” shall mean the Initial Purchasers, for so
long as they own any Registrable Securities, and each of their successors,
assigns and direct and indirect transferees who become owners of Registrable
Securities under the Indenture; provided that for purposes of Sections 4 and 5
of this Agreement, the term “Holders” shall include Participating
Broker-Dealers.

 

“Indemnified Person” shall have the meaning set
forth in Section 5(c) hereof.

 

“Indemnifying Person” shall have the meaning set
forth in Section 5(c) hereof.

 

“Indenture” shall mean the Indenture relating to the
Securities dated as of March 15, 2010 among the Company, Parent, the
Subsidiary Guarantors, if any, and Wells Fargo Bank, National Association, as
trustee and collateral agent, and as the same may be amended from time to time
in accordance with the terms thereof.

 

“Initial Purchasers” shall have the meaning set
forth in the preamble.

 

“Inspector” shall have the meaning set forth in Section 3(a)(xiii)
hereof.

 

“Issue Date” shall mean March 15, 2010.

 

“Issuer Information” shall have the meaning set
forth in Section 5(a) hereof.

 

“Majority Holders” shall mean the Holders of a
majority of the aggregate principal amount of the outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a
specified percentage of Registrable Securities is required hereunder, any
Registrable Securities owned directly or indirectly by the Company or any of
its affiliates shall not be counted in determining whether such consent or
approval was given by the Holders of such required percentage or amount; and
provided, further, that if the Company shall issue any additional Securities
under the Indenture prior to consummation of the Exchange Offer or, if applicable,
the effectiveness of any Shelf Registration Statement, such additional
Securities and the Registrable Securities to which this Agreement relates shall
be treated together as one class for purposes

 

2

 

of determining whether the
consent or approval of Holders of a specified percentage of Registrable
Securities has been obtained.

 

“Parent” shall have the meaning set forth in the
preamble.

 

“Participating Broker-Dealers” shall have the
meaning set forth in Section 4(a) hereof.

 

“Person” shall mean an individual, partnership,
limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof.

 

“Prospectus” shall mean the prospectus included in,
or, pursuant to the rules and regulations of the Securities Act, deemed a
part of, a Registration Statement, including any preliminary prospectus, and
any such prospectus as amended or supplemented by any prospectus supplement,
including a prospectus supplement with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Shelf Registration
Statement, and by all other amendments and supplements to such prospectus, and
in each case including any document incorporated by reference therein.

 

“Purchase Agreements” shall have the meaning set
forth in the preamble.

 

“Registrable Securities” shall mean the Securities;
provided that the Securities shall cease to be Registrable Securities (i) when
a Registration Statement with respect to such Securities has become effective
under the Securities Act and such Securities have been exchanged or disposed of
pursuant to such Registration Statement, (ii) the date which is two years
from the Issue Date or (iii) when such Securities cease to be outstanding.

 

“Registration Expenses” shall mean any and all
expenses incident to performance of or compliance by the Company, Parent and
the Subsidiary Guarantors, if any, with this Agreement, including without
limitation: (i) all SEC, stock exchange or Financial Industry Regulatory Authority, Inc.
registration and filing fees, (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of counsel for any Underwriters or Holders in
connection with blue sky qualification of any Exchange Securities or
Registrable Securities), (iii) all expenses of any Persons in preparing or
assisting in preparing, word processing, printing and distributing any
Registration Statement, any Prospectus and any amendments or supplements
thereto, any underwriting agreements, securities sales agreements or other
similar agreements and any other documents relating to the performance of and
compliance with this Agreement, (iv) all rating agency fees, (v) all
fees and disbursements relating to the qualification of the Indenture under
applicable securities laws, (vi) the fees and disbursements of the Trustee
and its counsel, (vii) the fees and disbursements of counsel for the
Company, Parent and the Subsidiary Guarantors, if any, and, in the case of a
Shelf Registration Statement, the reasonable fees and disbursements of one
counsel for the Holders (which counsel shall be selected by the Majority Holders
and which counsel may also be counsel for the Initial Purchasers) in an amount
not to exceed $25,000 and (viii) the fees and disbursements of the
independent public accountants of the Company, Parent and the Subsidiary
Guarantors, if any, including the expenses of any special audits or “comfort”
letters required by or incident to the performance of and compliance with this
Agreement, but excluding fees and expenses of counsel to the Underwriters
(other than fees and expenses set forth in clause (ii) above) or the 

 

3

 

Holders and underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any,
relating to the sale or disposition of Registrable Securities by a Holder.

 

“Registration Statement” shall mean any registration
statement of the Company, Parent and the Subsidiary Guarantors, if any, that
covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all
exhibits thereto and any document incorporated by reference therein.

 

“Representative” shall have the meaning set forth in
the preamble.

 

“SEC” shall mean the United States Securities and
Exchange Commission.

 

“Securities” shall have the meaning set forth in the
preamble.

 

“Securities Act” shall mean the Securities Act of
1933, as amended from time to time.

 

“Shelf Additional Interest Date” shall have the
meaning set forth in Section 2(d) hereof.

 

“Shelf Effectiveness Period” shall have the meaning
set forth in Section 2(b) hereof.

 

“Shelf Registration” shall mean a registration
effected pursuant to Section 2(b) hereof.

 

“Shelf Registration Statement” shall mean a “shelf”
registration statement of the Company, Parent and the Subsidiary Guarantors, if
any, that covers all or a portion of the Registrable Securities (but no other
securities unless approved by a majority of the Holders whose Registrable
Securities are to be covered by such Shelf Registration Statement) on an
appropriate form under Rule 415 under the Securities Act, or any similar rule that
may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits
thereto and any document incorporated by reference therein.

 

“Shelf Request” shall have the meaning set forth in Section 2(b) hereof.

 

“Subsidiary Guarantor” shall have the meaning set
forth in the preamble.

 

“Staff” shall mean the staff of the SEC.

 

“Target Registration Date” shall have the meaning
set forth in Section 2(d) hereof.

 

“Trust Indenture Act” shall mean the Trust Indenture
Act of 1939, as amended from time to time.

 

“Trustee” shall mean the trustee with respect to the
Securities under the Indenture.

 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof.

 

4

 

“Underwritten Offering” shall mean an offering in
which Registrable Securities are sold to an Underwriter for reoffering to the
public.

 

2.             Registration Under the
Securities Act.  (a) 
To the extent not prohibited by any applicable law or applicable
interpretations of the Staff, the Company, Parent and the Subsidiary
Guarantors, if any, shall use their reasonable best efforts to (i) cause
to be filed an Exchange Offer Registration Statement covering an offer to the
Holders to exchange all the Registrable Securities for Exchange Securities and (ii) have
such Registration Statement remain effective until 180 days after the last Exchange
Date for use by one or more Participating Broker-Dealers.  The Company, Parent and the Subsidiary
Guarantors, if any, shall commence the Exchange Offer promptly after the
Exchange Offer Registration Statement is declared effective by the SEC and use
their reasonable best efforts to complete the Exchange Offer not later than 60
days after such effective date.

 

The Company, Parent and the Subsidiary Guarantors,
if any, shall commence the Exchange Offer by mailing the related Prospectus,
appropriate letters of transmittal and other accompanying documents to each
Holder stating, in addition to such other disclosures as are required by
applicable law, substantially the following:

 

(i)            that the Exchange Offer is
being made pursuant to this Agreement and that all Registrable Securities
validly tendered and not properly withdrawn will be accepted for exchange;

 

(ii)           the dates of acceptance for
exchange (which shall be a period of at least 20 Business Days from the date
such notice is mailed) (the “Exchange Dates”);

 

(iii)          that any Registrable
Security not tendered will remain outstanding and continue to accrue interest
but will not retain any rights under this Agreement, except as otherwise
specified herein;

 

(iv)          that any Holder electing to
have a Registrable Security exchanged pursuant to the Exchange Offer will be
required to (A) surrender such Registrable Security, together with the
appropriate letters of transmittal, to the institution and at the address (located
in the Borough of Manhattan, The City of New York) and in the manner specified
in the notice, or (B) effect such exchange otherwise in compliance with
the applicable procedures of the depositary for such Registrable Security, in
each case prior to the close of business on the last Exchange Date; and

 

(v)           that any Holder will be
entitled to withdraw its election, not later than the close of business on the
last Exchange Date, by (A) sending to the institution and at the address
(located in the Borough of Manhattan, The City of New York) specified in the
notice, a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered
for exchange and a statement that such Holder is withdrawing its election to
have such Securities exchanged or (B) effecting such withdrawal in
compliance with the applicable procedures of the depositary for the Registrable
Securities.

 

5

 

As a condition to participating in the Exchange
Offer, a Holder will be required to represent to the Company, Parent and the
Subsidiary Guarantors, if any, that (i) any Exchange Securities to be
received by it will be acquired in the ordinary course of its business, (ii) at
the time of the commencement of the Exchange Offer it has no arrangement or
understanding with any Person to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Securities in violation of the
provisions of the Securities Act, (iii) it is not an “affiliate” (within
the meaning of Rule 405 under the Securities Act) of the Company, Parent
or any Subsidiary Guarantor, and (iv) if such Holder is a broker-dealer
that will receive Exchange Securities for its own account in exchange for
Registrable Securities that were acquired as a result of market-making or other
trading activities, then such Holder will deliver a Prospectus (or, to the extent
permitted by law, make available a Prospectus to purchasers) in connection with
any resale of such Exchange Securities.

 

As soon as practicable after the last Exchange Date,
the Company, Parent and the Subsidiary Guarantors, if any, shall:

 

(i)            accept for exchange Registrable Securities or
portions thereof validly tendered and not properly withdrawn pursuant to the
Exchange Offer; and

 

(ii)           deliver, or cause to be delivered, to the Trustee
for cancellation all Registrable Securities or portions thereof so accepted for
exchange by the Company and issue, and cause the Trustee to promptly
authenticate and deliver to each Holder, Exchange Securities equal in principal
amount to the principal amount of the Registrable Securities tendered by such
Holder.

 

The Company, Parent and the Subsidiary Guarantors,
if any, shall use their reasonable best efforts to complete the Exchange Offer
as provided above and shall comply with the applicable requirements of the
Securities Act, the Exchange Act and other applicable laws and regulations in
connection with the Exchange Offer.  The
Exchange Offer shall not be subject to any conditions, other than that the Exchange
Offer does not violate any applicable law or applicable interpretations of the
Staff.

 

(b)           In the event that (i) the
Company, Parent and the Subsidiary Guarantors, if any, determine that the
Exchange Offer Registration provided for in Section 2(a) above is not
available or may not be completed as soon as practicable after the last
Exchange Date because it would violate any applicable law or applicable
interpretations of the Staff, (ii) the Exchange Offer is not for any other
reason completed by December 15, 2010 or (iii) upon receipt of a
written request (a “Shelf Request”) from any Initial Purchaser representing
that it holds Registrable Securities that are or were ineligible to be
exchanged in the Exchange Offer, the Company, Parent and the Subsidiary
Guarantors, if any, shall use their reasonable best efforts to cause to be
filed as soon as practicable after such determination, date or Shelf Request,
as the case may be, a Shelf Registration Statement providing for the sale of
all the Registrable Securities by the Holders thereof and to have such Shelf
Registration Statement become effective.

 

In the event that the Company, Parent and the
Subsidiary Guarantors, if any, are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Company,
Parent and the Subsidiary Guarantors, if any, shall use their reasonable best
efforts to file 

 

6

 

and have become effective
both an Exchange Offer Registration Statement pursuant to Section 2(a) with
respect to all Registrable Securities and a Shelf Registration Statement (which
may be a combined Registration Statement with the Exchange Offer Registration
Statement) with respect to offers and sales of Registrable Securities held by
the Initial Purchasers after completion of the Exchange Offer.

 

The Company, Parent and the Subsidiary Guarantors,
if any, agree to use their reasonable best efforts to keep the Shelf
Registration Statement continuously effective until the second anniversary of
the Issue Date or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been
sold pursuant to the Shelf Registration Statement (the “Shelf Effectiveness
Period”).  The Company, Parent and the
Subsidiary Guarantors, if any, further agree to supplement or amend the Shelf
Registration Statement and the related Prospectus if required by the rules,
regulations or instructions applicable to the registration form used by the
Company for such Shelf Registration Statement or by the Securities Act or by
any other rules and regulations thereunder or if reasonably requested by a
Holder of Registrable Securities with respect to information relating to such
Holder, and to use their reasonable best efforts to cause any such amendment to
become effective, if required, and such Shelf Registration Statement and
Prospectus to become usable as soon as thereafter practicable.  The Company, Parent and the Subsidiary
Guarantors, if any, agree to furnish to the Holders of Registrable Securities
copies of any such supplement or amendment 
promptly after its being used or filed with the SEC.

 

(c)           The Company, Parent and the
Subsidiary Guarantors, if any, shall pay all Registration Expenses in connection
with any registration pursuant to Section 2(a) or Section 2(b) hereof.  Each Holder shall pay all underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any,
relating to the sale or disposition of such Holder’s Registrable Securities
pursuant to the Shelf Registration Statement.

 

(d)           An Exchange Offer
Registration Statement pursuant to Section 2(a) hereof will not be
deemed to have become effective unless it has been declared effective by the
SEC.  A Shelf Registration Statement
pursuant to Section 2(b) hereof will not be deemed to have become effective
unless it has been declared effective by the SEC or is automatically effective
upon filing with the SEC as provided by Rule 462 under the Securities Act.

 

In the event that either the Exchange Offer is not
completed or the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or
2(b)(ii) hereof, has not become effective on or prior to December 15,
2010 (the “Target Registration Date”), the interest rate on the Registrable
Securities will be increased by (i) 0.25% per annum for the first 90-day
period immediately following the Target Registration Date and (ii) an
additional 0.25% per annum with respect to each subsequent 90-day period, in
each case until the Exchange Offer is completed or the Shelf Registration
Statement, if required hereby, becomes effective under the Securities Act or
two years after the Issue Date, up to a maximum increase of 1.00% per
annum.  In the event that the Company
receives a Shelf Request pursuant to Section 2(b)(iii), and the Shelf
Registration Statement required to be filed thereby has not become effective by
the later of December 15, 2010 or (y) 90 days after delivery of such
Shelf Request (such later date, the “Shelf Additional Interest Date”), then the
interest rate on the Registrable Securities will be increased by (i) 0.25%
per annum for the first 90-day period payable commencing from one day after the
Shelf 

 

7

 

Additional Interest Date and
(ii) an additional 0.25% per annum with respect to each subsequent 90-day
period, in each case until the Shelf Registration Statement becomes effective or the Prospectus
again becomes usable, up to a maximum increase of 1.00% per annum.

 

If the Shelf Registration Statement, if required
hereby, has become effective and thereafter either ceases to be effective or
the Prospectus contained therein ceases to be usable, in each case whether or
not permitted by this Agreement, at any time during the Shelf Effectiveness Period,
and such failure to remain effective or usable exists for more than 60 days
(whether or not consecutive) in any 12-month period, then the interest rate on
the Registrable Securities will be increased by 1.00% per annum commencing on
the 61st day in such 12-month period and ending on such date that the Shelf
Registration Statement has again become effective or the Prospectus again
becomes usable.

 

(e)           Without limiting the
remedies available to the Initial Purchasers and the Holders, the Company,
Parent and the Subsidiary Guarantors, if any, acknowledge that any failure by
the Company, Parent and the Subsidiary Guarantors, if any, to comply with their
obligations under Section 2(a) and Section 2(b) hereof may
result in material irreparable injury to the Initial Purchasers or the Holders
for which there is no adequate remedy at law, that it will not be possible to
measure damages for such injuries precisely and that, in the event of any such
failure, the Initial Purchasers or any Holder may obtain such relief as may be
required to specifically enforce the Company’s, Parent’s and the Subsidiary
Guarantors’, if any, obligations under Section 2(a) and Section 2(b) hereof.

 

(f)            The Company represents,
warrants and covenants that it (including its agents and representatives) will
not prepare, make, use, authorize, approve or refer to any Free Writing Prospectus.

 

3.             Registration Procedures.  (a)  In connection with their
obligations pursuant to Section 2(a) and Section 2(b) hereof,
the Company, Parent and the Subsidiary Guarantors, if any, shall as
expeditiously as possible:

 

(i)            prepare and file with the
SEC a Registration Statement on the appropriate form under the Securities Act,
which form (x) shall be selected by the Company, Parent and the Subsidiary
Guarantors, if any, (y) shall, in the case of a Shelf Registration, be
available for the sale of the Registrable Securities by the Holders thereof and
(z) shall comply as to form in all material respects with the requirements
of the applicable form and include all financial statements required by the SEC
to be filed therewith; and use their reasonable best efforts to cause such
Registration Statement to become effective and remain effective for the applicable
period in accordance with Section 2 hereof;

 

(ii)           prepare and file with the
SEC such amendments and post-effective amendments to each Registration
Statement as may be necessary to keep such Registration Statement effective for
the applicable period in accordance with Section 2 hereof and cause each
Prospectus to be supplemented by any required prospectus supplement and, as so
supplemented, to be filed pursuant to Rule 424 under the Securities Act;
and keep each Prospectus current during the period described in Section 4(3) of
and Rule 174 under the 

 

8

 

Securities Act that is
applicable to transactions by brokers or dealers with respect to the
Registrable Securities or Exchange Securities;

 

(iii)          in the case of a Shelf
Registration, furnish to each Holder of Registrable Securities, to counsel for
the Initial Purchasers, to counsel for such Holders and to each Underwriter of
an Underwritten Offering of Registrable Securities, if any, without charge, as
many copies of each Prospectus or preliminary prospectus, and any amendment or
supplement thereto, as such Holder, counsel or Underwriter may reasonably request
in order to facilitate the sale or other disposition of the Registrable
Securities thereunder; and the Company, Parent and the Subsidiary Guarantors,
if any, consent to the use of such Prospectus, preliminary prospectus and any
amendment or supplement thereto in accordance with applicable law by each of
the Holders of Registrable Securities and any such Underwriters in connection
with the offering and sale of the Registrable Securities covered by and in the
manner described in such Prospectus, preliminary prospectus or any amendment or
supplement thereto in accordance with applicable law;

 

(iv)          use their reasonable best
efforts to register or qualify the Registrable Securities under all applicable
state securities or blue sky laws of such jurisdictions as any Holder of
Registrable Securities covered by a Registration Statement shall reasonably request
in writing by the time the applicable Registration Statement becomes effective;
cooperate with such Holders in connection with any filings required to be made
with the Financial Industry Regulatory Authority Inc.; and do any and all other
acts and things that may be reasonably necessary or advisable to enable each
Holder to complete the disposition in each such jurisdiction of the Registrable
Securities owned by such Holder; provided that none of the Company,
Parent or any Subsidiary Guarantor, shall be required to (1) qualify as a
foreign corporation or other entity or as a dealer in securities in any such
jurisdiction where it would not otherwise be required to so qualify, (2) file
any general consent to service of process in any such jurisdiction or (3) subject
itself to taxation in any such jurisdiction if it is not so subject;

 

(v)           notify counsel for the
Initial Purchasers and, in the case of a Shelf Registration, notify each Holder
of Registrable Securities and counsel for such Holders promptly and, if
requested by any such Holder or counsel, confirm such advice in writing (1) when
a Registration Statement has become effective, when any post-effective
amendment thereto has been filed and becomes effective and when any amendment
or supplement to the Prospectus has been filed, (2) of any request by the
SEC or any state securities authority for amendments and supplements to a
Registration Statement or Prospectus or for additional information after the
Registration Statement has become effective, (3) of the issuance by the
SEC or any state securities authority of any stop order suspending the
effectiveness of a Registration Statement or the initiation of any proceedings
for that purpose, including the receipt by the Company of any notice of
objection of the SEC to the use of a Shelf Registration Statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the
Securities Act, (4) if, between the applicable effective date of a Shelf
Registration Statement and the closing of any sale of Registrable Securities
covered thereby, the representations and warranties of the Company or any Guarantor
contained in any underwriting agreement, securities sales agreement or other 

 

9

 

similar agreement, if any,
relating to an offering of such Registrable Securities cease to be true and
correct in all material respects or if the Company, Parent or any Subsidiary
Guarantor, receives any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the
initiation of any proceeding for such purpose, (5) of the happening of any
event during the period a Registration Statement is effective that makes any
statement made in such Registration Statement or the related Prospectus untrue
in any material respect or that requires the making of any changes in such
Registration Statement or Prospectus in order to make the statements therein
not misleading and (6) of any determination by the Company, Parent or any
Subsidiary Guarantor, that a post-effective amendment to a Registration
Statement or any amendment or supplement to the Prospectus would be appropriate;

 

(vi)          use their reasonable best
efforts to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement or, in the case of a Shelf Registration, the resolution
of any objection of the SEC pursuant to Rule 401(g)(2), including by
filing an amendment to such Shelf Registration Statement on the proper form, at
the earliest possible moment and provide immediate notice to each Holder of the
withdrawal of any such order or such resolution;

 

(vii)         in the case of a Shelf
Registration, furnish to each Holder of Registrable Securities, without charge,
at least one conformed copy of each Registration Statement and any
post-effective amendment thereto (without any documents incorporated therein by
reference or exhibits thereto, unless reasonably requested);

 

(viii)        in the case of a Shelf
Registration, cooperate with the Holders of Registrable Securities to
facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be sold and not bearing any restrictive legends and enable
such Registrable Securities to be issued in such denominations and registered
in such names (consistent with the provisions of the Indenture) as such Holders
may reasonably request at least one Business Day prior to the closing of any
sale of Registrable Securities;

 

(ix)           in the case of a Shelf
Registration, upon the occurrence of any event contemplated by Section 3(a)(v)(5) hereof,
use their reasonable best efforts to prepare and file with the SEC a supplement
or post-effective amendment to such Shelf Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered (or, to the extent permitted
by law, made available) to purchasers of the Registrable Securities, such
Prospectus will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; and the Company,
Parent and the Subsidiary Guarantors, if any, shall notify the Holders of
Registrable Securities to suspend use of the Prospectus as promptly as
practicable after the occurrence of such an event, and such Holders hereby
agree to suspend use of the Prospectus until the Company, Parent and the Subsidiary
Guarantors, if any, have amended or supplemented the Prospectus to correct such
misstatement or omission;

 

10

 

(x)            a reasonable time prior to
the filing of any Registration Statement, any Prospectus, any amendment to a
Registration Statement or amendment or supplement to a Prospectus or of any
document that is to be incorporated by reference into a Registration Statement
or a Prospectus after initial filing of a Registration Statement, provide
copies of such document to the Initial Purchasers and their counsel (and, in
the case of a Shelf Registration Statement, to the Holders of Registrable
Securities and their counsel); and the Company, Parent and the Subsidiary
Guarantors, if any, shall not, at any time after initial filing of a
Registration Statement, use or file any Prospectus, any amendment of or
supplement to a Registration Statement or a Prospectus, or any document that is
to be incorporated by reference into a Registration Statement or a Prospectus,
of which the Initial Purchasers and their counsel (and, in the case of a Shelf
Registration Statement, the Holders of Registrable Securities and their
counsel) shall not have previously been advised and furnished a copy;

 

(xi)           obtain a CUSIP number for
all Exchange Securities or Registrable Securities, as the case may be, not
later than the initial effective date of a Registration Statement;

 

(xii)          cause the Indenture to be
qualified under the Trust Indenture Act in connection with the registration of
the Exchange Securities or Registrable Securities, as the case may be;
cooperate with the Trustee and the Holders to effect such changes to the Indenture
as may be required for the Indenture to be so qualified in accordance with the
terms of the Trust Indenture Act; and execute, and use their reasonable best
efforts to cause the Trustee to execute, all documents as may be required to
effect such changes and all other forms and documents required to be filed with
the SEC to enable the Indenture to be so qualified in a timely manner;

 

(xiii)         in the case of a Shelf
Registration, make available for inspection by a representative of the Holders
of the Registrable Securities (an “Inspector”), any Underwriter participating
in any disposition pursuant to such Shelf Registration Statement, any attorneys
and accountants designated by a majority of the Holders of Registrable Securities
to be included in such Shelf Registration and any attorneys and accountants
designated by such Underwriter, during business hours, all pertinent financial
and other records, documents and properties of the Company and its
subsidiaries, and cause the respective officers, directors and employees of the
Company, Parent and the Subsidiary Guarantors, if any, to supply all
information reasonably requested by any such Inspector, Underwriter, attorney
or accountant in connection with a Shelf Registration Statement; provided
that if any such information is identified by the Company, Parent or any
Subsidiary Guarantor as being confidential or proprietary, each Person
receiving such information shall take such actions as are requested  by the Company, Parent or such Subsidiary
Guarantor to protect the confidentiality of such information to the extent such
action is otherwise not inconsistent with, an impairment of or in derogation of
the rights and interests of any Inspector, Holder or Underwriter;

 

(xiv)        in the case of a Shelf
Registration, use their reasonable best efforts to cause all Registrable
Securities to be listed on any securities exchange or any automated quotation
system on which similar securities issued or guaranteed by the Company, 

 

11

 

Parent or any Subsidiary
Guarantor are then listed if requested by the Majority Holders, to the extent
such Registrable Securities satisfy applicable listing requirements;

 

(xv)         if reasonably requested by
any Holder of Registrable Securities covered by a Shelf Registration Statement,
promptly include in a Prospectus supplement or post-effective amendment such
information with respect to such Holder as such Holder reasonably requests to
be included therein and make all required filings of such Prospectus supplement
or such post-effective amendment as soon as the Company has received notification
of the matters to be so included in such filing;

 

(xvi)        in the case of a Shelf
Registration, enter into such customary agreements and take all such other
actions in connection therewith (including those requested by the Holders of a
majority in principal amount of the Registrable Securities covered by the Shelf
Registration Statement) in order to expedite or facilitate the disposition of
such Registrable Securities including, but not limited to, an Underwritten
Offering and in such connection, (1) to the extent possible, make such
representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its subsidiaries
and the Registration Statement, Prospectus and documents incorporated by
reference or deemed incorporated by reference, if any, in each case, in form,
substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) obtain
opinions of counsel to the Company, Parent and the Subsidiary Guarantors, if
any, (which counsel and opinions, in form, scope and substance, shall be
reasonably satisfactory to the Holders and such Underwriters and their
respective counsel) addressed to each selling Holder and Underwriter of
Registrable Securities, covering the matters customarily covered in opinions
requested in underwritten offerings, (3) obtain “comfort” letters from the
independent certified public accountants of the Company, Parent and the
Subsidiary Guarantors, if any, (and, if necessary, any other certified public
accountant of any subsidiary of the Company, Parent or any Subsidiary
Guarantor, or of any business acquired by the Company, Parent or any Subsidiary
Guarantor, for which financial statements and financial data are or are
required to be included in the Registration Statement) addressed to each
selling Holder (to the extent permitted by applicable professional standards)
and Underwriter of Registrable Securities, such letters to be in customary form
and covering matters of the type customarily covered in “comfort” letters in
connection with underwritten offerings, including but not limited to financial
information contained in any preliminary prospectus or Prospectus and (4) deliver
such documents and certificates as may be reasonably requested by the Holders
of a majority in principal amount of the Registrable Securities being sold or
the Underwriters, and which are customarily delivered in underwritten
offerings, to evidence the continued validity of the representations and warranties
of the Company, Parent and the Subsidiary Guarantors, if any, made pursuant to
clause (1) above and to evidence compliance with any customary conditions
contained in an underwriting agreement; and

 

(xvii)       so long as any Registrable
Securities remain outstanding, cause each Subsidiary Guarantor upon the
creation or acquisition by the Company of such Subsidiary Guarantor, to execute
a counterpart to this Agreement in the form attached hereto as 

 

12

 

Annex A and to deliver such
counterpart, together with an opinion of counsel as to the enforceability
thereof against such entity, to the Initial Purchasers no later than five Business
Days following the execution thereof.

 

(b)           In the case of a Shelf
Registration Statement, the Company may require each Holder of Registrable
Securities to furnish to the Company such information regarding such Holder and
the proposed disposition by such Holder of such Registrable Securities as the
Company, Parent and the Subsidiary Guarantors, if any, may from time to time
reasonably request in writing.

 

(c)           In the case of a Shelf
Registration Statement, each Holder of Registrable Securities covered in such
Shelf Registration Statement agrees that, upon receipt of any notice from the
Company, Parent and the Subsidiary Guarantors, if any, of the happening of any
event of the kind described in Section 3(a)(v)(3) or 3(a)(v)(5) hereof,
such Holder will forthwith discontinue disposition of Registrable Securities
pursuant to the Shelf Registration Statement until such Holder’s receipt of the
copies of the supplemented or amended Prospectus contemplated by Section 3(a)(ix) hereof
and, if so directed by the Company, Parent and the Subsidiary Guarantors, if
any, such Holder will deliver to the Company, Parent and the Subsidiary Guarantors,
if any, all copies in its possession, other than permanent file copies then in
such Holder’s possession, of the Prospectus covering such Registrable
Securities that is current at the time of receipt of such notice.

 

(d)           If the Company, Parent and
the Subsidiary Guarantors, if any, shall give any notice to suspend the disposition
of Registrable Securities pursuant to a Registration Statement, the Company,
Parent and the Subsidiary Guarantors, if any, shall extend the period during
which such Registration Statement shall be maintained effective pursuant to
this Agreement by the number of days during the period from and including the
date of the giving of such notice to and including the date when the Holders of
such Registrable Securities shall have received copies of the supplemented or
amended Prospectus necessary to resume such dispositions.  The Company, Parent and the Subsidiary Guarantors,
if any, may give any such notice only twice during any 365-day period and any
such suspensions shall not exceed 45 days for each suspension and there shall
not be more than two suspensions in effect during any 365-day period.

 

(e)           The Holders of Registrable
Securities covered by a Shelf Registration Statement who desire to do so may
sell such Registrable Securities in an Underwritten Offering.  In any such Underwritten Offering, the
investment bank or investment banks and manager or managers (each an “Underwriter”)
that will administer the offering will be selected by the Holders of a majority
in principal amount of the Registrable Securities included in such offering.

 

4.             Participation of
Broker-Dealers in Exchange Offer.  (a)  The Staff has taken the position
that any broker-dealer that receives Exchange Securities for its own account in
the Exchange Offer in exchange for Securities that were acquired by such
broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the
Securities Act and must deliver a prospectus 
meeting the requirements of the Securities Act in connection with any
resale of such Exchange Securities.

 

13

 

The Company, Parent and the Subsidiary Guarantors,
if any, understand that it is the Staff’s position that if the Prospectus
contained in the Exchange Offer Registration Statement includes a plan of
distribution containing a statement to the above effect and the means by which
Participating Broker-Dealers may resell the Exchange Securities, without naming
the Participating Broker-Dealers or specifying the amount of Exchange
Securities owned by them, such Prospectus may be delivered by Participating
Broker-Dealers (or, to the extent permitted by law, made available to
purchasers) to satisfy their prospectus delivery obligation under the
Securities Act in connection with resales of Exchange Securities for their own
accounts, so long as the Prospectus otherwise meets the requirements of the
Securities Act.

 

(b)           In light of the above, and
notwithstanding the other provisions of this Agreement, the Company, Parent and
the Subsidiary Guarantors, if any, agree to amend or supplement the Prospectus
contained in the Exchange Offer Registration Statement for a period of up to
180 days after the last Exchange Date (as such period may be extended pursuant
to Section 3(d) of this Agreement), in order to expedite or
facilitate the disposition of any Exchange Securities by Participating
Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above.  The Company, Parent and the Subsidiary
Guarantors, if any, further agree that Participating Broker-Dealers shall be
authorized to deliver such Prospectus (or, to the extent permitted by law, make
available) during such period in connection with the resales contemplated by
this Section 4.

 

(c)           The Initial Purchasers shall
have no liability to the Company, Parent, any Subsidiary Guarantor or any
Holder with respect to any request that they may make pursuant to Section 4(b) above.

 

5.             Indemnification and
Contribution.  (a) 
The Company, Parent and each Subsidiary Guarantor, if any, jointly and severally,
agree to indemnify and hold harmless each Initial Purchaser and each Holder,
their respective affiliates, directors and officers and each Person, if any,
who controls any Initial Purchaser or any Holder within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act, from and against
any and all losses, claims, damages and liabilities (including, without limitation,
legal fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted, as such fees and expenses are incurred),
joint or several, that arise out of, or are based upon, (1) any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the
statements therein not misleading, or (2) any untrue statement or alleged
untrue statement of a material fact contained in any Prospectus, any Free
Writing Prospectus used in violation of this Agreement or any “issuer information”
(“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under
the Securities Act, or any omission or alleged omission to state therein a
material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, in each case
except insofar as such losses, claims, damages or liabilities arise out of, or
are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating
to any Initial Purchaser information relating to any Holder furnished to the
Company in writing through the Representative any selling Holder, respectively
expressly for use therein.  In connection
with any Underwritten Offering permitted by Section 3, the 

 

14

 

Company, Parent and the Subsidiary
Guarantors, if any, jointly and severally, will also indemnify the
Underwriters, if any, selling brokers, dealers and similar securities industry
professionals participating in the distribution, their respective affiliates
and each Person who controls such Persons (within the meaning of the Securities
Act and the Exchange Act) to the same extent as provided above with respect to
the indemnification of the Holders, if requested in connection with any
Registration Statement, any Prospectus, any Free Writing Prospectus or any
Issuer Information.

 

(b)           Each Holder agrees, severally
and not jointly, to indemnify and hold harmless the Company, Parent, the
Subsidiary Guarantors, if any, the Initial Purchasers and the other selling
Holders, the directors of the Company, Parent and the Subsidiary Guarantors, if
any, each officer of the Company, Parent and the Subsidiary Guarantors, if any,
who signed the Registration Statement and each Person, if any, who controls the
Company, Parent, the Subsidiary Guarantors, if any, any Initial Purchaser and
any other selling Holder within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the
indemnity set forth in paragraph (a) above, but only with respect to any
losses, claims, damages or liabilities that arise out of, or are based upon,
any untrue statement or omission or alleged untrue statement or omission made
in reliance upon and in conformity with any information relating to such Holder
furnished to the Company in writing by such Holder expressly for use in any
Registration Statement and any Prospectus.

 

(c)           If any suit, action,
proceeding (including any governmental or regulatory investigation), claim or
demand shall be brought or asserted against any Person in respect of which indemnification
may be sought pursuant to either paragraph (a) or (b) above, such
Person (the “Indemnified Person”) shall promptly notify the Person against whom
such indemnification may be sought (the “Indemnifying Person”) in writing; provided
that the failure to notify the Indemnifying Person shall not relieve it from
any liability that it may have under this Section 5 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 Person shall not relieve it from any
liability that it may have to an Indemnified Person otherwise than under this Section 5.  If any such proceeding shall be brought or
asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the
fees and expenses of such proceeding and shall pay the fees and expenses of
such counsel related to such proceeding, as incurred.  In any such proceeding, any Indemnified
Person shall have the right to retain its own counsel, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Person
unless (i) the Indemnifying Person and the Indemnified Person shall have
mutually agreed to the contrary; (ii) the Indemnifying Person has failed
within a reasonable time to retain counsel reasonably satisfactory to the
Indemnified Person; (iii) the Indemnified Person shall have reasonably
concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the
named parties in any such proceeding (including any impleaded parties) include
both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or
potential differing interests between them. 
It is understood and agreed that the Indemnifying Person shall not, in
connection with any proceeding or related proceeding in the 

 

15

 

same jurisdiction, be liable for the fees and
expenses of more than one separate firm (in addition to any local counsel) for
all Indemnified Persons, and that all such fees and expenses shall be reimbursed
as they are incurred.  Any such separate
firm (x) for any Initial Purchaser, its affiliates, directors and officers
and any control Persons of such Initial Purchaser shall be designated in
writing by the Representative, (y) for any Holder, its directors and
officers and any control Persons of such Holder shall be designated in writing
by the Majority Holders and (z) in all other cases shall be designated in
writing by the Company.  The Indemnifying
Person shall not be liable for any settlement of any proceeding effected
without its written consent, but if settled with such consent or if there be a
final judgment for the plaintiff, the Indemnifying Person agrees to indemnify
each Indemnified Person from and against any loss or liability by reason of
such settlement or judgment. 
Notwithstanding the foregoing sentence, if at any time an Indemnified Person
shall have requested that an Indemnifying Person reimburse the Indemnified
Person for fees and expenses of counsel as contemplated by this paragraph, the
Indemnifying Person shall be liable for any settlement of any proceeding
effected without its written consent if (i) such settlement is entered
into more than 45 days after receipt by the Indemnifying Person of such request
and (ii) the Indemnifying Person shall not have reimbursed the Indemnified
Person in accordance with such request prior to the date of such
settlement.  No Indemnifying Person
shall, without the written consent of the Indemnified Person, effect any
settlement of any pending or threatened proceeding in respect of which any
Indemnified Person is or could have been a party and indemnification could have
been sought hereunder by such Indemnified Person, unless such settlement (A) includes
an unconditional release of such Indemnified Person, in form and substance reasonably
satisfactory to such Indemnified Person, from all liability on claims that are
the subject matter of such proceeding and (B) does not include any
statement as to or any admission of fault, culpability or a failure to act by
or on behalf of any Indemnified Person.

 

(d)           If the indemnification
provided for in paragraphs (a) and (b) above is unavailable to an
Indemnified Person or insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall
contribute to the amount paid or payable by such Indemnified Person as a result
of such losses, claims, damages or liabilities (i) in such proportion as
is appropriate to reflect the relative benefits received by the Company, Parent
and the Subsidiary Guarantors, if any, from the offering of the Securities and
the Exchange Securities, on the one hand, and by the Holders from receiving
Securities or Exchange Securities registered under the Securities, on the other
hand, or (ii) if the allocation provided by 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) but also the relative fault of
the Company, Parent and the Subsidiary Guarantors, if any, on the one hand and
the Holders on the other in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities, as well as any other relevant
equitable considerations.  The relative fault
of the Company, Parent and the Subsidiary Guarantors, if any, on the one hand
and the Holders on the other 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, Parent and the Subsidiary Guarantors, if
any, or by the Holders and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

 

16

 

(e)           The Company, Parent, the
Subsidiary Guarantors, if any, and the Holders agree that it would not be just
and equitable if contribution pursuant to this Section 5 were determined
by pro rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation that does not take account of the
equitable considerations referred to in paragraph (d) above.  The amount paid or payable by an Indemnified
Person as a result of the losses, claims, damages and liabilities referred to
in paragraph (d) above shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses incurred by such Indemnified
Person in connection with any such action or claim.  Notwithstanding the provisions of this Section 5,
in no event shall a Holder be required to contribute any amount in excess of
the amount by which the total price at which the Securities or Exchange
Securities sold by such Holder exceeds the amount of any damages that such
Holder has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission.  No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. 
The Holders’ obligations to contribute pursuant to this Section 5
are several and not joint.

 

(f)            The remedies provided for in
this Section 5 are not exclusive and shall not limit any rights or
remedies that may otherwise be available to any Indemnified Person at law or in
equity.

 

(g)           The indemnity and
contribution provisions contained in this Section 5 shall remain operative
and in full force and effect regardless of (i) any termination of this
Agreement, (ii) any investigation made by or on behalf of the Initial
Purchasers or any Holder or any Person controlling any Initial Purchaser or any
Holder, or by or on behalf of the Company, Parent or the Subsidiary Guarantors,
if any, or the officers or directors of or any Person controlling the Company,
Parent or the Subsidiary Guarantors, if any,, (iii) acceptance of any of
the Exchange Securities and (iv) any sale of Registrable Securities pursuant
to a Shelf Registration Statement.

 

6.             General.

 

(a)           No Inconsistent Agreements.   The Company and Parent represent, warrant
and agree that (i) the rights granted to the Holders hereunder do not in
any way conflict with and are not inconsistent with the rights granted to the
holders of any other outstanding securities issued or guaranteed by the Company
or Parent under any other agreement and (ii) none of the Company, Parent
or any Subsidiary Guarantor has entered into, or on or after the date of this
Agreement will enter into, any agreement that is inconsistent with the rights
granted to the Holders of Registrable Securities in this Agreement or otherwise
conflicts with the provisions hereof.

 

(b)           Amendments and Waivers.   The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be
given unless the Company, Parent and the Subsidiary Guarantors, if any, have
obtained the written consent of Holders of at least a majority in aggregate principal
amount of the outstanding Registrable Securities affected by such amendment,
modification, supplement, waiver or consent; provided that no amendment,
modification, supplement, waiver or consent to any departure from the
provisions of Section 5 hereof shall be effective as against any Holder of
Registrable Securities unless consented to in writing 

 

17

 

by such Holder.  Any amendments, modifications, supplements,
waivers or consents pursuant to this Section 6(b) shall be by a
writing executed by each of the parties hereto.

 

(c)           Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand-delivery,
registered first-class mail, telex, telecopier, or any courier guaranteeing
overnight delivery (i) if to a Holder, at the most current address given
by such Holder to the Company by means of a notice given in accordance with the
provisions of this Section 6(c), which address initially is, with respect
to the Initial Purchasers, the address set forth in the Purchase Agreements; (ii) if
to the Company, Parent and the Subsidiary Guarantors, if any, initially at the
Company’s address set forth in the Purchase Agreements and thereafter at such
other address, notice of which is given in accordance with the provisions of
this Section 6(c); and (iii) to such other persons at their
respective addresses as provided in the Purchase Agreements and thereafter at
such other address, notice of which is given in accordance with the provisions
of this Section 6(c).  All such
notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if
telexed; when receipt is acknowledged, if telecopied; and on the next Business
Day if timely delivered to an air courier guaranteeing overnight delivery.  Copies of all such notices, demands or other
communications shall be concurrently delivered by the Person giving the same to
the Trustee, at the address specified in the Indenture.

 

(d)           Successors and Assigns. This
Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each of the parties, including, without limitation
and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase
Agreements or the Indenture.  If any
transferee of any Holder shall acquire Registrable Securities in any manner,
whether by operation of law or otherwise, such Registrable Securities shall be
held subject to all the terms of this Agreement, and by taking and holding such
Registrable Securities such Person shall be conclusively deemed to have agreed
to be bound by and to perform all of the terms and provisions of this Agreement
and such Person shall be entitled to receive the benefits hereof.  The Initial Purchasers (in their capacity as
Initial Purchasers) shall have no liability or obligation to the Company,
Parent or the Subsidiary Guarantors, if any, with respect to any failure by a
Holder to comply with, or any breach by any Holder of, any of the obligations
of such Holder under this Agreement.

 

(e)           Third Party Beneficiaries.  Each Holder shall be a third party
beneficiary to the agreements made hereunder (excluding those agreements made
in Section 5 hereto) between the Company, Parent and the Subsidiary
Guarantors, if any, on the one hand, and the Initial Purchasers, on the other
hand, and shall have the right to enforce such agreements directly to the extent
it deems such enforcement necessary or advisable to protect its rights or the
rights of other Holders hereunder.

 

(f)            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.  Delivery of an executed
counterpart of a signature page to this Agreement by 

 

18

 

telecopier, facsimile, email, or other
electronic transmission (i.e. “pdf” or “tif”) shall be effective as delivery
of a manually executed counterpart to this Agreement.

 

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

 

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

 

(i)            Entire Agreement; Severability.  This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and supersedes all
oral statements and prior writings with respect thereto.  If any term, provision, covenant or restriction
contained in this Agreement is held by a court of competent jurisdiction to be
invalid, void or unenforceable or against public policy, the remainder of the
terms, provisions, covenants and restrictions contained herein shall remain in
full force and effect and shall in no way be affected, impaired or
invalidated.  The Company, Parent, the
Subsidiary Guarantors, if any, and the Initial Purchasers shall endeavor in
good faith negotiations to replace the invalid, void or unenforceable
provisions with valid provisions the economic effect of which comes as close as
possible to that of the invalid, void or unenforceable provisions.

 

[Signature page follows]

 

19

 

 

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

 

 

	
   

  	
   

  	
  REDDY ICE CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven J. Janusek

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Steven J. Janusek

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President, Chief

  
	
   

  	
   

  	
   

  	
   

  	
  Financial Officer and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  REDDY ICE HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Steven J. Janusek

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Steven J. Janusek

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Executive Vice President, Chief

  
	
   

  	
   

  	
   

  	
   

  	
  Financial Officer and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Confirmed and accepted as of the date first above written:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  J.P. MORGAN SECURITIES INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  For
  itself and on behalf of the several

  Initial Purchasers named on Schedule 1

  to the Purchase Agreements

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By

  	
  /s/ Paul K. Finger

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized Signatory

  	
   

  	
   

  
						

 

20

 

Annex A

 

Counterpart
to Registration Rights Agreement

 

The undersigned hereby absolutely, unconditionally
and irrevocably agrees as a Subsidiary Guarantor (as defined in the
Registration Rights Agreement, dated as of February [                          ],
2010 by and among Reddy Ice Corporation, Reddy Ice Holdings, Inc., the guarantors
party thereto and J.P. Morgan Securities Inc., on behalf of itself and the
other Initial Purchasers) to be bound by the terms and provisions of such
Registration Rights Agreement.

 

IN WITNESS WHEREOF, the undersigned has executed
this counterpart as of
                              .

 

 

	
   

  	
   

  	
  [NAME]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
   

  	
  Title:Exhibit 10.2

 

REGISTRATION
RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS AGREEMENT dated March 15,
2010 (this “Agreement”) is entered into by and among Reddy Ice Corporation, a
Nevada corporation (the “Company”), Reddy Ice Holdings, Inc. (“Parent”)
and Broadpoint Capital, Inc., as dealer manager (the “Dealer Manager”).

 

The Company has commenced an offer (together with
any amendments, supplements or extensions thereof, the “Offer”) for any and all
of the outstanding 101⁄2% Senior Discount Notes due 2012 (collectively, the “Outstanding
Securities”) of Reddy Ice Holdings, Inc., a Delaware corporation and the
Company’s parent (“Reddy Holdings”), in exchange for consideration consisting
of, with respect to the Outstanding Securities, new 13.25% Second Lien Notes
due 2015 (collectively, the “Notes”) of the Company, on the terms and subject
to the conditions set forth in the Offer and Solicitation Materials (as such
term is defined in the Dealer Manager Agreement between the Dealer Manager, the
Company and Parent, dated February 22, 2010 (the “Dealer Manager Agreement”)).
The Notes will be guaranteed (the “Guarantees” and together with the Notes, the
“Securities”) on a senior secured basis by each of Parent and any subsidiary of
the Company that executes a Guarantee under the Indenture (as defined below)
after the date of this Agreement (the “Subsidiary Guarantors” and together with
Parent, the “Guarantors”).  The Company
has accepted for early settlement of the Offer $136,928,000 principal amount of
Outstanding Securities and will issue on the date hereof $137,571,000 principal
amount of Notes in consideration therefor, together with cash in payment of
fractional Notes that would otherwise be issuable pursuant to the Offer in
respect of such amount of Outstanding Securities and accrued interest on such
amount of Outstanding Securities from the last interest payment date thereunder
to, but not including, the date hereof. 
The execution and delivery of this Agreement is a condition to the
Dealer Manager’s obligation to act as Dealer Manager under the Dealer Manager
Agreement.

 

In consideration of the foregoing, the
parties hereto agree as follows:

 

1.             Definitions.  As used in this Agreement, the following
terms shall have the following meanings:

 

“Business Day” shall mean any day that is not a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed.

 

“Company” shall have the meaning set forth in the
preamble and shall also include the Company’s successors.

 

“Dealer Manager” shall have the meaning set forth in
the preamble.

 

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

 

“Exchange Dates” shall have the meaning set forth in
Section 2(a)(ii) hereof.

 

 

“Exchange Offer” shall mean the exchange offer by
the Company, Parent and any future Subsidiary Guarantors of Exchange Securities
for Registrable Securities pursuant to Section 2(a) hereof.

 

“Exchange Offer Registration” shall mean a
registration under the Securities Act effected pursuant to Section 2(a) hereof.

 

“Exchange Offer Registration Statement” shall mean
an exchange offer registration statement on Form S-4 (or, if applicable,
on another appropriate form) and all amendments and supplements to such
registration statement, in each case including the Prospectus contained therein
or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein.

 

“Exchange Securities” shall mean senior secured
notes issued by the Company and guaranteed by Parent and any future Subsidiary
Guarantors under the Indenture containing terms identical to the Securities
(except that the Exchange Securities will not be subject to restrictions on
transfer or to any increase in annual interest rate for failure to comply with
this Agreement) and to be offered to Holders of Securities in exchange for
Securities pursuant to the Exchange Offer.

 

“Free Writing Prospectus” means each free writing
prospectus (as defined in Rule 405 under the Securities Act) prepared by
or on behalf of the Company or used or referred to by the Company in connection
with the sale of the Securities or the Exchange Securities.

 

“Guarantees” shall have the meaning set forth in the
preamble.

 

“Holders” shall mean the holders of the Registrable
Securities from time to time, provided that for purposes of Sections 4 and 5 of
this Agreement the term Holders shall include Participating Broker Dealers..

 

“Indemnified Person” shall have the meaning set
forth in Section 5(c) hereof.

 

“Indemnifying Person” shall have the meaning set
forth in Section 5(c) hereof.

 

“Indenture” shall mean the Indenture relating to the
Securities dated as of March 15, 2010 among the Company, Parent, the
Subsidiary Guarantors, if any, and Wells Fargo Bank, National Association, as
trustee and collateral agent, and as the same may be amended from time to time
in accordance with the terms thereof.

 

“Inspector” shall have the meaning set forth in Section 3(a)(xiii)
hereof.

 

“Issue Date” shall mean March 15, 2010.

 

“Issuer Information” shall have the meaning set
forth in Section 5(a) hereof.

 

“Majority Holders” shall mean the Holders of a
majority of the aggregate principal amount of the outstanding Registrable
Securities; provided that whenever the consent or approval of Holders of a
specified percentage of Registrable Securities is required hereunder, any 

 

2

 

Registrable Securities owned
directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the
Holders of such required percentage or amount; and provided, further, that if
the Company shall issue any additional Securities under the Indenture prior to
consummation of the Exchange Offer or, if applicable, the effectiveness of any
Shelf Registration Statement, such additional Securities and the Registrable
Securities to which this Agreement relates shall be treated together as one
class for purposes of determining whether the consent or approval of Holders of
a specified percentage of Registrable Securities has been obtained.

 

“Parent” shall have the meaning set forth in the
preamble.

 

“Participating Broker-Dealers” shall have the
meaning set forth in Section 4(a) hereof.

 

“Person” shall mean an individual, partnership,
limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof.

 

“Prospectus” shall mean the prospectus included in,
or, pursuant to the rules and regulations of the Securities Act, deemed a
part of, a Registration Statement, including any preliminary prospectus, and
any such prospectus as amended or supplemented by any prospectus supplement,
including a prospectus supplement with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Shelf Registration
Statement, and by all other amendments and supplements to such prospectus, and
in each case including any document incorporated by reference therein.

 

“Registrable Securities” shall mean the Securities;
provided that the Securities shall cease to be Registrable Securities (i) when
a Registration Statement with respect to such Securities has become effective
under the Securities Act and such Securities have been exchanged or disposed of
pursuant to such Registration Statement, (ii) the date which is two years
from the Issue Date or (iii) when such Securities cease to be outstanding.

 

“Registration Expenses” shall mean any and all
expenses incident to performance of or compliance by the Company, Parent and
the Subsidiary Guarantors, if any, with this Agreement, including without
limitation: (i) all SEC, stock exchange or Financial Industry Regulatory Authority, Inc.
registration and filing fees, (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of counsel for any Underwriters or Holders in
connection with blue sky qualification of any Exchange Securities or
Registrable Securities), (iii) all expenses of any Persons in preparing or
assisting in preparing, word processing, printing and distributing any
Registration Statement, any Prospectus and any amendments or supplements
thereto, any underwriting agreements, securities sales agreements or other
similar agreements and any other documents relating to the performance of and
compliance with this Agreement, (iv) all rating agency fees, (v) all
fees and disbursements relating to the qualification of the Indenture under
applicable securities laws, (vi) the fees and disbursements of the Trustee
and its counsel, (vii) the fees and disbursements of counsel for the
Company, Parent and the Subsidiary Guarantors, if any, and, in the case of a
Shelf Registration Statement, the reasonable fees and disbursements of one
counsel for the Holders (which counsel shall be selected by the Majority
Holders and which counsel may also be counsel for the Dealer Manager) in an
amount not to exceed $25,000 and (viii) the fees and disbursements of the 

 

3

 

independent public
accountants of the Company, Parent and the Subsidiary Guarantors, if any,
including the expenses of any special audits or “comfort” letters required by
or incident to the performance of and compliance with this Agreement, but
excluding fees and expenses of counsel to the Underwriters (other than fees and
expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any, relating
to the sale or disposition of Registrable Securities by a Holder.

 

“Registration Statement” shall mean any registration
statement of the Company, Parent and the Subsidiary Guarantors, if any, that
covers any of the Exchange Securities or Registrable Securities pursuant to the
provisions of this Agreement and all amendments and supplements to any such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits
thereto and any document incorporated by reference therein.

 

“SEC” shall mean the United States Securities and
Exchange Commission.

 

“Securities” shall have the meaning set forth in the
preamble.

 

“Securities Act” shall mean the Securities Act of
1933, as amended from time to time.

 

“Shelf Additional Interest Date” shall have the
meaning set forth in Section 2(d) hereof.

 

“Shelf Effectiveness Period” shall have the meaning
set forth in Section 2(b) hereof.

 

“Shelf Registration” shall mean a registration
effected pursuant to Section 2(b) hereof.

 

“Shelf Registration Statement” shall mean a “shelf”
registration statement of the Company, Parent and the Subsidiary Guarantors, if
any, that covers all or a portion of the Registrable Securities (but no other securities
unless approved by a majority of the Holders whose Registrable Securities are
to be covered by such Shelf Registration Statement) on an appropriate form
under Rule 415 under the Securities Act, or any similar rule that may
be adopted by the SEC, and all amendments and supplements to such registration
statement, including post-effective amendments, in each case including the
Prospectus contained therein or deemed a part thereof, all exhibits thereto and
any document incorporated by reference therein.

 

“Subsidiary Guarantor” shall have the meaning set
forth in the preamble.

 

“Staff” shall mean the staff of the SEC.

 

“Target Registration Date” shall have the meaning
set forth in Section 2(d) hereof.

 

“Trust Indenture Act” shall mean the Trust Indenture
Act of 1939, as amended from time to time.

 

“Trustee” shall mean the trustee with respect to the
Securities under the Indenture.

 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof.

 

4

 

“Underwritten Offering” shall mean an offering in
which Registrable Securities are sold to an Underwriter for reoffering to the
public.

 

2.             Registration Under the
Securities Act.  (a) 
To the extent not prohibited by any applicable law or applicable interpretations
of the Staff, the Company, Parent and the Subsidiary Guarantors, if any, shall
use their reasonable best efforts to (i) cause to be filed an Exchange Offer
Registration Statement covering an offer to the Holders to exchange all the
Registrable Securities for Exchange Securities and (ii) have such
Registration Statement remain effective until 180 days after the last Exchange
Date for use by one or more Participating Broker-Dealers.  The Company, Parent and the Subsidiary
Guarantors, if any, shall commence the Exchange Offer promptly after the
Exchange Offer Registration Statement is declared effective by the SEC and use
their reasonable best efforts to complete the Exchange Offer not later than 60
days after such effective date.

 

The Company, Parent and the Subsidiary Guarantors,
if any, shall commence the Exchange Offer by mailing the related Prospectus,
appropriate letters of transmittal and other accompanying documents to each
Holder stating, in addition to such other disclosures as are required by
applicable law, substantially the following:

 

(i)            that the Exchange Offer is
being made pursuant to this Agreement and that all Registrable Securities
validly tendered and not properly withdrawn will be accepted for exchange;

 

(ii)           the dates of acceptance for
exchange (which shall be a period of at least 20 Business Days from the date
such notice is mailed) (the “Exchange Dates”);

 

(iii)          that any Registrable
Security not tendered will remain outstanding and continue to accrue interest
but will not retain any rights under this Agreement, except as otherwise
specified herein;

 

(iv)          that any Holder electing to
have a Registrable Security exchanged pursuant to the Exchange Offer will be
required to (A) surrender such Registrable Security, together with the appropriate
letters of transmittal, to the institution and at the address (located in the
Borough of Manhattan, The City of New York) and in the manner specified in the
notice, or (B) effect such exchange otherwise in compliance with the
applicable procedures of the depositary for such Registrable Security, in each
case prior to the close of business on the last Exchange Date; and

 

(v)           that any Holder will be
entitled to withdraw its election, not later than the close of business on the
last Exchange Date, by (A) sending to the institution and at the address
(located in the Borough of Manhattan, The City of New York) specified in the
notice, a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered
for exchange and a statement that such Holder is withdrawing its election to
have such Securities exchanged or (B) effecting such withdrawal in
compliance with the applicable procedures of the depositary for the Registrable
Securities.

 

5

 

As a condition to participating in the Exchange
Offer, a Holder will be required to represent to the Company, Parent and the
Subsidiary Guarantors, if any, that (i) any Exchange Securities to be received
by it will be acquired in the ordinary course of its business, (ii) at the
time of the commencement of the Exchange Offer it has no arrangement or
understanding with any Person to participate in the distribution (within the
meaning of the Securities Act) of the Exchange Securities in violation of the
provisions of the Securities Act, (iii) it is not an “affiliate” (within
the meaning of Rule 405 under the Securities Act) of the Company, Parent
or any Subsidiary Guarantor, and (iv) if such Holder is a broker-dealer
that will receive Exchange Securities for its own account in exchange for
Registrable Securities that were acquired as a result of market-making or other
trading activities, then such Holder will deliver a Prospectus (or, to the extent
permitted by law, make available a Prospectus to purchasers) in connection with
any resale of such Exchange Securities.

 

As soon as practicable after the last Exchange Date,
the Company, Parent and the Subsidiary Guarantors, if any, shall:

 

(i)            accept for exchange Registrable Securities or
portions thereof validly tendered and not properly withdrawn pursuant to the
Exchange Offer; and

 

(ii)           deliver, or cause to be delivered, to the Trustee
for cancellation all Registrable Securities or portions thereof so accepted for
exchange by the Company and issue, and cause the Trustee to promptly
authenticate and deliver to each Holder, Exchange Securities equal in principal
amount to the principal amount of the Registrable Securities tendered by such
Holder.

 

The Company, Parent and the Subsidiary Guarantors,
if any, shall use their reasonable best efforts to complete the Exchange Offer
as provided above and shall comply with the applicable requirements of the
Securities Act, the Exchange Act and other applicable laws and regulations in
connection with the Exchange Offer.  The
Exchange Offer shall not be subject to any conditions, other than that the Exchange
Offer does not violate any applicable law or applicable interpretations of the
Staff.

 

(b)           In the event that (i) the
Company, Parent and the Subsidiary Guarantors, if any, determine that the
Exchange Offer Registration provided for in Section 2(a) above is not
available or may not be completed as soon as practicable after the last
Exchange Date because it would violate any applicable law or applicable
interpretations of the Staff or (ii) the Exchange Offer is not for any
other reason completed by December 15, 2010, the Company, Parent and the
Subsidiary Guarantors, if any, shall use their reasonable best efforts to cause
to be filed as soon as practicable after such determination or date, as the
case may be, a Shelf Registration Statement providing for the sale of all the
Registrable Securities by the Holders thereof and to have such Shelf
Registration Statement become effective.

 

The Company, Parent and the Subsidiary Guarantors,
if any, agree to use their reasonable best efforts to keep the Shelf
Registration Statement continuously effective until the second anniversary of
the Issue Date or such shorter period that will terminate when all the
Registrable Securities covered by the Shelf Registration Statement have been
sold pursuant to the Shelf Registration Statement (the “Shelf Effectiveness
Period”).  The Company, Parent and the
Subsidiary 

 

6

 

Guarantors, if any, further
agree to supplement or amend the Shelf Registration Statement and the related
Prospectus if required by the rules, regulations or instructions applicable to
the registration form used by the Company for such Shelf Registration Statement
or by the Securities Act or by any other rules and regulations thereunder
or if reasonably requested by a Holder of Registrable Securities with respect
to information relating to such Holder, and to use their reasonable best efforts
to cause any such amendment to become effective, if required, and such Shelf
Registration Statement and Prospectus to become usable as soon as thereafter
practicable.  The Company, Parent and the
Subsidiary Guarantors, if any, agree to furnish to the Holders of Registrable Securities
copies of any such supplement or amendment 
promptly after its being used or filed with the SEC.

 

(c)           The Company, Parent and the
Subsidiary Guarantors, if any, shall pay all Registration Expenses in connection
with any registration pursuant to Section 2(a) or Section 2(b) hereof.  Each Holder shall pay all underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any,
relating to the sale or disposition of such Holder’s Registrable Securities pursuant
to the Shelf Registration Statement.

 

(d)           An Exchange Offer
Registration Statement pursuant to Section 2(a) hereof will not be
deemed to have become effective unless it has been declared effective by the
SEC.  A Shelf Registration Statement
pursuant to Section 2(b) hereof will not be deemed to have become
effective unless it has been declared effective by the SEC or is automatically
effective upon filing with the SEC as provided by Rule 462 under the
Securities Act.

 

In the event that either the Exchange Offer is not
completed or the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or
2(b)(ii) hereof, has not become effective on or prior to December 15,
2010 (the “Target Registration Date”), the interest rate on the Registrable Securities
will be increased by (i) 0.25% per annum for the first 90-day period immediately
following the Target Registration Date and (ii) an additional 0.25% per
annum with respect to each subsequent 90-day period, in each case until the
Exchange Offer is completed or the Shelf Registration Statement, if required
hereby, becomes effective under the Securities Act or two years after the Issue
Date, up to a maximum increase of 1.00% per annum.

 

If the Shelf Registration Statement, if required
hereby, has become effective and thereafter either ceases to be effective or
the Prospectus contained therein ceases to be usable, in each case whether or
not permitted by this Agreement, at any time during the Shelf Effectiveness Period,
and such failure to remain effective or usable exists for more than 60 days
(whether or not consecutive) in any 12-month period, then the interest rate on
the Registrable Securities will be increased by 1.00% per annum commencing on
the 61st day in such 12-month period and ending on such date that the Shelf
Registration Statement has again become effective or the Prospectus again
becomes usable.

 

(e)           Without limiting the
remedies available to the Dealer Manager and the Holders, the Company, Parent
and the Subsidiary Guarantors, if any, acknowledge that any failure by the
Company, Parent and the Subsidiary Guarantors, if any, to comply with their
obligations under Section 2(a) and Section 2(b) hereof may
result in material irreparable injury to the Dealer Manager or the Holders for
which there is no adequate remedy at law, that it will not be possible to
measure damages for such injuries precisely and that, in the event of any such
failure, the Dealer 

 

7

 

Manager or any Holder may obtain such relief
as may be required to specifically enforce the Company’s, Parent’s and the
Subsidiary Guarantors’, if any, obligations under Section 2(a) and Section 2(b) hereof.

 

(f)            The Company represents,
warrants and covenants that it (including its agents and representatives) will
not prepare, make, use, authorize, approve or refer to any Free Writing Prospectus.

 

3.             Registration Procedures.  (a)  In connection with their
obligations pursuant to Section 2(a) and Section 2(b) hereof,
the Company, Parent and the Subsidiary Guarantors, if any, shall as
expeditiously as possible:

 

(i)            prepare and file with the
SEC a Registration Statement on the appropriate form under the Securities Act,
which form (x) shall be selected by the Company, Parent and the Subsidiary
Guarantors, if any, (y) shall, in the case of a Shelf Registration, be
available for the sale of the Registrable Securities by the Holders thereof and
(z) shall comply as to form in all material respects with the requirements
of the applicable form and include all financial statements required by the SEC
to be filed therewith; and use their reasonable best efforts to cause such
Registration Statement to become effective and remain effective for the applicable
period in accordance with Section 2 hereof;

 

(ii)           prepare and file with the
SEC such amendments and post-effective amendments to each Registration
Statement as may be necessary to keep such Registration Statement effective for
the applicable period in accordance with Section 2 hereof and cause each
Prospectus to be supplemented by any required prospectus supplement and, as so
supplemented, to be filed pursuant to Rule 424 under the Securities Act;
and keep each Prospectus current during the period described in Section 4(3) of
and Rule 174 under the Securities Act that is applicable to transactions
by brokers or dealers with respect to the Registrable Securities or Exchange
Securities;

 

(iii)          in the case of a Shelf
Registration, furnish to each Holder of Registrable Securities, to counsel for
the Dealer Manager, to counsel for such Holders and to each Underwriter of an
Underwritten Offering of Registrable Securities, if any, without charge, as
many copies of each Prospectus or preliminary prospectus, and any amendment or
supplement thereto, as such Holder, counsel or Underwriter may reasonably request
in order to facilitate the sale or other disposition of the Registrable
Securities thereunder; and the Company, Parent and the Subsidiary Guarantors,
if any, consent to the use of such Prospectus, preliminary prospectus and any
amendment or supplement thereto in accordance with applicable law by each of
the Holders of Registrable Securities and any such Underwriters in connection
with the offering and sale of the Registrable Securities covered by and in the
manner described in such Prospectus, preliminary prospectus or any amendment or
supplement thereto in accordance with applicable law;

 

(iv)          use their reasonable best
efforts to register or qualify the Registrable Securities under all applicable
state securities or blue sky laws of such jurisdictions as any Holder of
Registrable Securities covered by a Registration Statement shall reasonably request
in writing by the time the applicable Registration Statement becomes effective;

 

8

 

cooperate with such Holders
in connection with any filings required to be made with the Financial Industry
Regulatory Authority Inc.; and do any and all other acts and things that may be
reasonably necessary or advisable to enable each Holder to complete the disposition
in each such jurisdiction of the Registrable Securities owned by such Holder; provided
that none of the Company, Parent or any Subsidiary Guarantor, shall be required
to (1) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to
so qualify, (2) file any general consent to service of process in any such
jurisdiction or (3) subject itself to taxation in any such jurisdiction if
it is not so subject;

 

(v)           notify counsel for the
Dealer Manager and, in the case of a Shelf Registration, notify each Holder of
Registrable Securities and counsel for such Holders promptly and, if requested
by any such Holder or counsel, confirm such advice in writing (1) when a
Registration Statement has become effective, when any post-effective amendment
thereto has been filed and becomes effective and when any amendment or
supplement to the Prospectus has been filed, (2) of any request by the SEC
or any state securities authority for amendments and supplements to a
Registration Statement or Prospectus or for additional information after the
Registration Statement has become effective, (3) of the issuance by the
SEC or any state securities authority of any stop order suspending the effectiveness
of a Registration Statement or the initiation of any proceedings for that purpose,
including the receipt by the Company of any notice of objection of the SEC to
the use of a Shelf Registration Statement or any post-effective amendment
thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if,
between the applicable effective date of a Shelf Registration Statement and the
closing of any sale of Registrable Securities covered thereby, the
representations and warranties of the Company or any Guarantor contained in any
underwriting agreement, securities sales agreement or other similar agreement,
if any, relating to an offering of such Registrable Securities cease to be true
and correct in all material respects or if the Company, Parent or any
Subsidiary Guarantor, receives any notification with respect to the suspension
of the qualification of the Registrable Securities for sale in any jurisdiction
or the initiation of any proceeding for such purpose, (5) of the happening
of any event during the period a Registration Statement is effective that makes
any statement made in such Registration Statement or the related Prospectus
untrue in any material respect or that requires the making of any changes in
such Registration Statement or Prospectus in order to make the statements
therein not misleading and (6) of any determination by the Company, Parent
or any Subsidiary Guarantor, that a post-effective amendment to a Registration
Statement or any amendment or supplement to the Prospectus would be appropriate;

 

(vi)          use their reasonable best
efforts to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement or, in the case of a Shelf Registration, the resolution
of any objection of the SEC pursuant to Rule 401(g)(2), including by
filing an amendment to such Shelf Registration Statement on the proper form, at
the earliest possible moment and provide immediate notice to each Holder of the
withdrawal of any such order or such resolution;

 

9

 

 

(vii)         in the case of a Shelf
Registration, furnish to each Holder of Registrable Securities, without charge,
at least one conformed copy of each Registration Statement and any
post-effective amendment thereto (without any documents incorporated therein by
reference or exhibits thereto, unless reasonably requested);

 

(viii)        in the case of a Shelf
Registration, cooperate with the Holders of Registrable Securities to
facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be sold and not bearing any restrictive legends and enable
such Registrable Securities to be issued in such denominations and registered
in such names (consistent with the provisions of the Indenture) as such Holders
may reasonably request at least one Business Day prior to the closing of any
sale of Registrable Securities;

 

(ix)           in the case of a Shelf
Registration, upon the occurrence of any event contemplated by Section 3(a)(v)(5) hereof,
use their reasonable best efforts to prepare and file with the SEC a supplement
or post-effective amendment to such Shelf Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered (or, to the extent permitted
by law, made available) to purchasers of the Registrable Securities, such
Prospectus will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; and the Company,
Parent and the Subsidiary Guarantors, if any, shall notify the Holders of
Registrable Securities to suspend use of the Prospectus as promptly as
practicable after the occurrence of such an event, and such Holders hereby
agree to suspend use of the Prospectus until the Company, Parent and the Subsidiary
Guarantors, if any, have amended or supplemented the Prospectus to correct such
misstatement or omission;

 

(x)            a reasonable time prior to
the filing of any Registration Statement, any Prospectus, any amendment to a
Registration Statement or amendment or supplement to a Prospectus or of any
document that is to be incorporated by reference into a Registration Statement
or a Prospectus after initial filing of a Registration Statement, provide
copies of such document to the Dealer Manager and its counsel (and, in the case
of a Shelf Registration Statement, to the Holders of Registrable Securities and
their counsel); and the Company, Parent and the Subsidiary Guarantors, if any,
shall not, at any time after initial filing of a Registration Statement, use or
file any Prospectus, any amendment of or supplement to a Registration Statement
or a Prospectus, or any document that is to be incorporated by reference into a
Registration Statement or a Prospectus, of which the Dealer Manager and its
counsel (and, in the case of a Shelf Registration Statement, the Holders of
Registrable Securities and their counsel) shall not have previously been
advised and furnished a copy;

 

(xi)           obtain a CUSIP number for
all Exchange Securities or Registrable Securities, as the case may be, not
later than the initial effective date of a Registration Statement;

 

(xii)          cause the Indenture to be
qualified under the Trust Indenture Act in connection with the registration of
the Exchange Securities or Registrable Securities, as the 

 

10

 

case may be; cooperate with
the Trustee and the Holders to effect such changes to the Indenture as may be
required for the Indenture to be so qualified in accordance with the terms of
the Trust Indenture Act; and execute, and use their reasonable best efforts to
cause the Trustee to execute, all documents as may be required to effect such
changes and all other forms and documents required to be filed with the SEC to
enable the Indenture to be so qualified in a timely manner;

 

(xiii)         in the case of a Shelf
Registration, make available for inspection by a representative of the Holders
of the Registrable Securities (an “Inspector”), any Underwriter participating
in any disposition pursuant to such Shelf Registration Statement, any attorneys
and accountants designated by a majority of the Holders of Registrable Securities
to be included in such Shelf Registration and any attorneys and accountants
designated by such Underwriter, during business hours, all pertinent financial
and other records, documents and properties of the Company and its
subsidiaries, and cause the respective officers, directors and employees of the
Company, Parent and the Subsidiary Guarantors, if any, to supply all
information reasonably requested by any such Inspector, Underwriter, attorney
or accountant in connection with a Shelf Registration Statement; provided
that if any such information is identified by the Company, Parent or any
Subsidiary Guarantor as being confidential or proprietary, each Person
receiving such information shall take such actions as are requested by the
Company, Parent or such Subsidiary Guarantor to protect the confidentiality of
such information to the extent such action is otherwise not inconsistent with,
an impairment of or in derogation of the rights and interests of any Inspector,
Holder or Underwriter;

 

(xiv)        in the case of a Shelf
Registration, use their reasonable best efforts to cause all Registrable
Securities to be listed on any securities exchange or any automated quotation
system on which similar securities issued or guaranteed by the Company, Parent
or any Subsidiary Guarantor, are then listed if requested by the Majority
Holders, to the extent such Registrable Securities satisfy applicable listing
requirements;

 

(xv)         if reasonably requested by
any Holder of Registrable Securities covered by a Shelf Registration Statement,
promptly include in a Prospectus supplement or post-effective amendment such
information with respect to such Holder as such Holder reasonably requests to
be included therein and make all required filings of such Prospectus supplement
or such post-effective amendment as soon as the Company has received notification
of the matters to be so included in such filing;

 

(xvi)        in the case of a Shelf
Registration, enter into such customary agreements and take all such other
actions in connection therewith (including those requested by the Holders of a
majority in principal amount of the Registrable Securities covered by the Shelf
Registration Statement) in order to expedite or facilitate the disposition of
such Registrable Securities including, but not limited to, an Underwritten
Offering and in such connection, (1) to the extent possible, make such
representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its
subsidiaries and the Registration Statement, Prospectus and documents
incorporated by reference or deemed incorporated by reference, if any, in each
case, in form, substance and scope as are customarily made by issuers to
underwriters in 

 

11

 

underwritten offerings and
confirm the same if and when requested, (2) obtain opinions of counsel to
the Company, Parent and the Subsidiary Guarantors, if any (which counsel and
opinions, in form, scope and substance, shall be reasonably satisfactory to the
Holders and such Underwriters and their respective counsel), addressed to each
selling Holder and Underwriter of Registrable Securities, covering the matters
customarily covered in opinions requested in underwritten offerings, (3) obtain
“comfort” letters from the independent certified public accountants of the
Company, Parent and the Subsidiary Guarantors, if any, (and, if necessary, any
other certified public accountant of any subsidiary of the Company, Parent or
any Subsidiary Guarantor, or of any business acquired by the Company, Parent or
any Subsidiary Guarantor, for which financial statements and financial data are
or are required to be included in the Registration Statement) addressed to each
selling Holder (to the extent permitted by applicable professional standards)
and Underwriter of Registrable Securities, such letters to be in customary form
and covering matters of the type customarily covered in “comfort” letters in
connection with underwritten offerings, including but not limited to financial
information contained in any preliminary prospectus or Prospectus and (4) deliver
such documents and certificates as may be reasonably requested by the Holders
of a majority in principal amount of the Registrable Securities being sold or
the Underwriters, and which are customarily delivered in underwritten
offerings, to evidence the continued validity of the representations and warranties
of the Company, Parent and the Subsidiary Guarantors, if any, made pursuant to
clause (1) above and to evidence compliance with any customary conditions
contained in an underwriting agreement; and

 

(xvii)       so long as any Registrable
Securities remain outstanding, cause each Subsidiary Guarantor upon the
creation or acquisition by the Company of such Subsidiary Guarantor, to execute
a counterpart to this Agreement in the form attached hereto as Annex A and to
deliver such counterpart, together with an opinion of counsel as to the enforceability
thereof against such entity, to the Dealer Manager no later than five Business
Days following the execution thereof.

 

(b)           In the case of a Shelf
Registration Statement, the Company may require each Holder of Registrable
Securities to furnish to the Company such information regarding such Holder and
the proposed disposition by such Holder of such Registrable Securities as the
Company, Parent and the Subsidiary Guarantors, if any, may from time to time
reasonably request in writing.

 

(c)           In the case of a Shelf
Registration Statement, each Holder of Registrable Securities covered in such
Shelf Registration Statement agrees that, upon receipt of any notice from the
Company, Parent and the Subsidiary Guarantors, if any, of the happening of any
event of the kind described in Section 3(a)(v)(3) or 3(a)(v)(5) hereof,
such Holder will forthwith discontinue disposition of Registrable Securities
pursuant to the Shelf Registration Statement until such Holder’s receipt of the
copies of the supplemented or amended Prospectus contemplated by Section 3(a)(ix) hereof
and, if so directed by the Company, Parent and the Subsidiary Guarantors, if
any, such Holder will deliver to the Company, Parent and the Subsidiary Guarantors,
if any, all copies in its possession, other than permanent file copies then in
such Holder’s possession, of the 

 

12

 

Prospectus covering such Registrable
Securities that is current at the time of receipt of such notice.

 

(d)           If the Company, Parent and
the Subsidiary Guarantors, if any, shall give any notice to suspend the disposition
of Registrable Securities pursuant to a Registration Statement, the Company,
Parent and the Subsidiary Guarantors, if any, shall extend the period during
which such Registration Statement shall be maintained effective pursuant to
this Agreement by the number of days during the period from and including the
date of the giving of such notice to and including the date when the Holders of
such Registrable Securities shall have received copies of the supplemented or
amended Prospectus necessary to resume such dispositions.  The Company, Parent and the Subsidiary Guarantors,
if any, may give any such notice only twice during any 365-day period and any
such suspensions shall not exceed 45 days for each suspension and there shall
not be more than two suspensions in effect during any 365-day period.

 

(e)           The Holders of Registrable
Securities covered by a Shelf Registration Statement who desire to do so may
sell such Registrable Securities in an Underwritten Offering.  In any such Underwritten Offering, the
investment bank or investment banks and manager or managers (each an “Underwriter”)
that will administer the offering will be selected by the Holders of a majority
in principal amount of the Registrable Securities included in such offering.

 

4.             Participation of
Broker-Dealers in Exchange Offer.  (a)  The Staff has taken the position
that any broker-dealer that receives Exchange Securities for its own account in
the Exchange Offer in exchange for Securities that were acquired by such
broker-dealer as a result of market-making or other trading activities (a “Participating
Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the
Securities Act and must deliver a prospectus 
meeting the requirements of the Securities Act in connection with any
resale of such Exchange Securities.

 

The Company, Parent and the Subsidiary Guarantors,
if any, understand that it is the Staff’s position that if the Prospectus
contained in the Exchange Offer Registration Statement includes a plan of
distribution containing a statement to the above effect and the means by which
Participating Broker-Dealers may resell the Exchange Securities, without naming
the Participating Broker-Dealers or specifying the amount of Exchange
Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers
(or, to the extent permitted by law, made available to purchasers) to satisfy
their prospectus delivery obligation under the Securities Act in connection
with resales of Exchange Securities for their own accounts, so long as the Prospectus
otherwise meets the requirements of the Securities Act.

 

(b)           In light of the above, and
notwithstanding the other provisions of this Agreement, the Company, Parent and
the Subsidiary Guarantors, if any, agree to amend or supplement the Prospectus
contained in the Exchange Offer Registration Statement for a period of up to
180 days after the last Exchange Date (as such period may be extended pursuant
to Section 3(d) of this Agreement), in order to expedite or
facilitate the disposition of any Exchange Securities by Participating
Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above.  The Company, Parent and the Subsidiary
Guarantors, if any, further agree that Participating Broker-Dealers shall be
authorized to deliver such Prospectus (or, to the extent permitted by 

 

13

 

law, make available) during such period in
connection with the resales contemplated by this Section 4.

 

(c)           The Dealer Manager shall
have no liability to the Company, Parent, any Subsidiary Guarantor or any
Holder with respect to any request that they may make pursuant to Section 4(b) above.

 

5.             Indemnification and
Contribution.  (a) 
The Company, Parent and each Subsidiary Guarantor, if any, jointly and
severally, agree to indemnify and hold harmless the Dealer Manager and each
Holder, their respective affiliates, directors and officers and each Person, if
any, who controls the Dealer Manager or any Holder within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act, from and against
any and all losses, claims, damages and liabilities (including, without limitation,
legal fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted, as such fees and expenses are incurred),
joint or several, that arise out of, or are based upon, (1) any untrue
statement or alleged untrue statement of a material fact contained in any
Registration Statement or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary in order to make the
statements therein not misleading, or (2) any untrue statement or alleged
untrue statement of a material fact contained in any Prospectus, any Free
Writing Prospectus used in violation of this Agreement or any “issuer
information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under
the Securities Act, or any omission or alleged omission to state therein a
material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, in each case
except insofar as such losses, claims, damages or liabilities arise out of, or
are based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating
to the Dealer Manager, information relating to any Holder furnished to the
Company in writing through the Dealer Manager or any selling Holder,
respectively expressly for use therein. 
In connection with any Underwritten Offering permitted by Section 3,
the Company, Parent and the Subsidiary Guarantors, if any, jointly and
severally, will also indemnify the Underwriters, if any, selling brokers,
dealers and similar securities industry professionals participating in the distribution,
their respective affiliates and each Person who controls such Persons (within
the meaning of the Securities Act and the Exchange Act) to the same extent as
provided above with respect to the indemnification of the Holders, if requested
in connection with any Registration Statement, any Prospectus, any Free Writing
Prospectus or any Issuer Information.

 

(b)           Each Holder agrees,
severally and not jointly, to indemnify and hold harmless the Company, Parent,
the Subsidiary Guarantors, if any, the Dealer Manager and the other selling
Holders, the directors of the Company, Parent and the Subsidiary Guarantors, if
any, each officer of the Company, Parent and the Subsidiary Guarantors, if any,
who signed the Registration Statement and each Person, if any, who controls the
Company, Parent, the Subsidiary Guarantors, if any, the Dealer Manager and any
other selling Holders within the meaning of Section 15 of the Securities
Act or Section 20 of the Exchange Act to the same extent of the indemnity
set forth in paragraph (a) above but only with respect to any losses,
claims, damages or liabilities that arise out of, or are based upon, any untrue
statement or omission or alleged untrue statement or omission made in reliance
upon and in conformity with any information relating to such 

 

14

 

Holder furnished to the Company in writing by
such Holder expressly for use in any Registration Statement and any Prospectus.

 

(c)           If any suit, action,
proceeding (including any governmental or regulatory investigation), claim or
demand shall be brought or asserted against any Person in respect of which indemnification
may be sought pursuant to either paragraph (a) or (b) above, such
Person (the “Indemnified Person”) shall promptly notify the Person against whom
such indemnification may be sought (the “Indemnifying Person”) in writing; provided
that the failure to notify the Indemnifying Person shall not relieve it from
any liability that it may have under this Section 5 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 Person shall not relieve it from any
liability that it may have to an Indemnified Person otherwise than under this Section 5.  If any such proceeding shall be brought or
asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the
fees and expenses of such proceeding and shall pay the fees and expenses of
such counsel related to such proceeding, as incurred.  In any such proceeding, any Indemnified
Person shall have the right to retain its own counsel, but the fees and
expenses of such counsel shall be at the expense of such Indemnified Person
unless (i) the Indemnifying Person and the Indemnified Person shall have
mutually agreed to the contrary; (ii) the Indemnifying Person has failed
within a reasonable time to retain counsel reasonably satisfactory to the
Indemnified Person; (iii) the Indemnified Person shall have reasonably
concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the
named parties in any such proceeding (including any impleaded parties) include
both the Indemnifying Person and the Indemnified Person and representation of
both parties by the same counsel would be inappropriate due to actual or potential
differing interests between them.  It is
understood and agreed that the Indemnifying Person shall not, in connection
with any proceeding or related proceeding in the same jurisdiction, be liable
for the fees and expenses of more than one separate firm (in addition to any
local counsel) for all Indemnified Persons, and that all such fees and expenses
shall be reimbursed as they are incurred. 
Any such separate firm (x) for the Dealer Manager, its affiliates,
directors and officers and any control Persons of the Dealer Manager shall be
designated in writing by the Dealer Manager, (y) for any Holder, its
directors and officers and any control Persons of such Holder shall be
designated in writing by the Majority Holders and (z) in all other cases
shall be designated in writing by the Company. 
The Indemnifying Person shall not be liable for any settlement of any
proceeding effected without its written consent, but if settled with such
consent or if there be a final judgment for the plaintiff, the Indemnifying
Person agrees to indemnify each Indemnified Person from and against any loss or
liability by reason of such settlement or judgment.  Notwithstanding the foregoing sentence, if at
any time an Indemnified Person shall have requested that an Indemnifying Person
reimburse the Indemnified Person for fees and expenses of counsel as
contemplated by this paragraph, the Indemnifying Person shall be liable for any
settlement of any proceeding effected without its written consent if (i) such
settlement is entered into more than 45 days after receipt by the Indemnifying
Person of such request and (ii) the Indemnifying Person shall not have
reimbursed the Indemnified Person in accordance with such request prior to the
date of such settlement.  No Indemnifying
Person shall, without the 

 

15

 

written consent of the Indemnified Person,
effect any settlement of any pending or threatened proceeding in respect of
which any Indemnified Person is or could have been a party and indemnification
could have been sought hereunder by such Indemnified Person, unless such
settlement (A) includes an unconditional release of such Indemnified
Person, in form and substance reasonably satisfactory to such Indemnified
Person, from all liability on claims that are the subject matter of such
proceeding and (B) does not include any statement as to or any admission
of fault, culpability or a failure to act by or on behalf of any Indemnified
Person.

 

(d)           If the indemnification
provided for in paragraphs (a) and (b) above is unavailable to an
Indemnified Person or insufficient in respect of any losses, claims, damages or
liabilities referred to therein, then each Indemnifying Person under such
paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall
contribute to the amount paid or payable by such Indemnified Person as a result
of such losses, claims, damages or liabilities (i) in such proportion as
is appropriate to reflect the relative benefits received by the Company, Parent
and the Subsidiary Guarantors, if any, from the offering of the Securities and
the Exchange Securities, on the one hand, and by the Holders from receiving
Securities or Exchange Securities registered under the Securities, on the other
hand, or (ii) if the allocation provided by 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) but also the relative fault of
the Company, Parent and the Subsidiary Guarantors, if any, on the one hand and
the Holders on the other in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities, as well as any other relevant
equitable considerations.  The relative
fault of the Company, Parent and the Subsidiary Guarantors, if any, on the one
hand and the Holders on the other 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, Parent and the Subsidiary Guarantors, if
any, or by the Holders and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission.

 

(e)           The Company, Parent, the
Subsidiary Guarantors, if any, and the Holders agree that it would not be just
and equitable if contribution pursuant to this Section 5 were determined
by pro rata allocation (even if the Holders were treated as one entity for such
purpose) or by any other method of allocation that does not take account of the
equitable considerations referred to in paragraph (d) above.  The amount paid or payable by an Indemnified
Person as a result of the losses, claims, damages and liabilities referred to
in paragraph (d) above shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses incurred by such Indemnified
Person in connection with any such action or claim.  Notwithstanding the provisions of this Section 5,
in no event shall a Holder be required to contribute any amount in excess of
the amount by which the total price at which the Securities or Exchange
Securities sold by such Holder exceeds the amount of any damages that such
Holder has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission.  No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. 
The Holders’ obligations to contribute pursuant to this Section 5
are several and not joint.

 

16

 

(f)            The remedies provided for in
this Section 5 are not exclusive and shall not limit any rights or
remedies that may otherwise be available to any Indemnified Person at law or in
equity.

 

(g)           The indemnity and
contribution provisions contained in this Section 5 shall remain operative
and in full force and effect regardless of (i) any termination of this
Agreement, (ii) any investigation made by or on behalf of the Dealer
Manager or any Holder or any Person controlling the Dealer Manager or any
Holder, or by or on behalf of the Company, Parent or the Subsidiary Guarantors,
if any, or the officers or directors of or any Person controlling the Company,
Parent or the Subsidiary Guarantors, if any,, (iii) acceptance of any of
the Exchange Securities and (iv) any sale of Registrable Securities pursuant
to a Shelf Registration Statement.

 

6.             General.

 

(a)           No Inconsistent Agreements.   The Company and Parent represent, warrant
and agree that (i) the rights granted to the Holders hereunder do not in
any way conflict with and are not inconsistent with the rights granted to the
holders of any other outstanding securities issued or guaranteed by the Company
or Parent under any other agreement and (ii) none of the Company, Parent
or any Subsidiary Guarantor, if any, has entered into, or on or after the date
of this Agreement will enter into, any agreement that is inconsistent with the
rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof.

 

(b)           Amendments and Waivers.   The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be
given unless the Company, Parent and the Subsidiary Guarantors have obtained
the written consent of Holders of at least a majority in aggregate principal
amount of the outstanding Registrable Securities affected by such amendment,
modification, supplement, waiver or consent; provided that no amendment,
modification, supplement, waiver or consent to any departure from the
provisions of Section 5 hereof shall be effective as against any Holder of
Registrable Securities unless consented to in writing by such Holder.  Any amendments, modifications, supplements,
waivers or consents pursuant to this Section 6(b) shall be by a
writing executed by each of the parties hereto.

 

(c)           Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand-delivery,
registered first-class mail, telex, telecopier, or any courier guaranteeing
overnight delivery (i) if to a Holder, at the most current address given
by such Holder to the Company by means of a notice given in accordance with the
provisions of this Section 6(c), which address initially is, with respect
to the Dealer Manager, the address set forth in the Dealer Manager Agreement; (ii) if
to the Company, Parent and the Subsidiary Guarantors, if any, initially at the
Company’s address set forth in the Dealer Manager Agreement and thereafter at such
other address, notice of which is given in accordance with the provisions of
this Section 6(c); and (iii) to such other persons at their
respective addresses as provided in the Dealer Manager Agreement and thereafter
at such other address, notice of which is given in accordance with the provisions
of this Section 6(c).  All such
notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if telexed;
when receipt is acknowledged, if telecopied; and on the next Business Day if 

 

17

 

timely delivered to an air courier
guaranteeing overnight delivery.  Copies
of all such notices, demands or other communications shall be concurrently
delivered by the Person giving the same to the Trustee, at the address
specified in the Indenture.

 

(d)           Successors and Assigns. This
Agreement shall inure to the benefit of and be binding upon the successors,
assigns and transferees of each of the parties, including, without limitation
and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Dealer
Manager Agreement or the Indenture.  If
any transferee of any Holder shall acquire Registrable Securities in any
manner, whether by operation of law or otherwise, such Registrable Securities
shall be held subject to all the terms of this Agreement, and by taking and
holding such Registrable Securities such Person shall be conclusively deemed to
have agreed to be bound by and to perform all of the terms and provisions of
this Agreement and such Person shall be entitled to receive the benefits
hereof.  The Dealer Manager (in its
capacity as Dealer Manager) shall have no liability or obligation to the Company,
Parent or the Subsidiary Guarantors, if any, with respect to any failure by a
Holder to comply with, or any breach by any Holder of, any of the obligations
of such Holder under this Agreement.

 

(e)           Third Party Beneficiaries.  Each Holder shall be a third party
beneficiary to the agreements made hereunder (excluding those agreements made
in Section 5 hereto) between the Company, Parent and the Subsidiary
Guarantors, if any, on the one hand, and the Dealer Manager, on the other hand,
and shall have the right to enforce such agreements directly to the extent it
deems such enforcement necessary or advisable to protect its rights or the
rights of other Holders hereunder.

 

(f)            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.  Delivery of an executed
counterpart of a signature page to this Agreement by telecopier,
facsimile, email, or other electronic transmission (i.e. “pdf” or “tif”)
shall be effective as delivery of a manually executed counterpart to this
Agreement.

 

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

 

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

 

(i)            Entire Agreement; Severability.  This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and supersedes all
oral statements and prior writings with respect thereto.  If any term, provision, covenant or
restriction contained in this Agreement is held by a court of competent
jurisdiction to be invalid, void or unenforceable or against public policy, the
remainder of the terms, provisions, covenants and restrictions contained herein
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated.  The Company, Parent, the
Subsidiary Guarantors, if any, and the Dealer Manager shall endeavor in good
faith negotiations to replace the invalid, void or unenforceable provisions 

 

18

 

with valid provisions the economic effect of
which comes as close as possible to that of the invalid, void or unenforceable
provisions.

 

19

 

 

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

 

	
   

  	
  REDDY
  ICE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven J. Janusek

  
	
   

  	
   

  	
  Name:

  	
  Steven J. Janusek

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, Chief Financial Officer and Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  REDDY ICE HOLDINGS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven J. Janusek

  
	
   

  	
   

  	
  Name:

  	
  Steven J. Janusek

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President, Chief Financial Officer and Secretary

  

 

 

Confirmed and accepted as of the date first
above written:

 

	
  BROADPOINT
  CAPITAL, INC.

  	
   

  
	
   

  	
   

  
	
  By

  	
  /s/
  Leonard Sheer

  	
   

  
	
   

  	
  Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
  Authorized Signatory

  	
   

  

 

20

 

Annex A

 

Counterpart
to Registration Rights Agreement

 

The undersigned hereby absolutely, unconditionally
and irrevocably agrees as a Subsidiary Guarantor (as defined in the
Registration Rights Agreement, dated as of March 15, 2010 by and among
Reddy Ice Corporation, Reddy Ice Holdings, Inc., the guarantors party
thereto and Broadpoint Capital, Inc.) to be bound by the terms and provisions
of such Registration Rights Agreement.

 

IN WITNESS WHEREOF, the undersigned has executed
this counterpart as of                                .

 

 

	
   

  	
  [NAME]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]