Document:

Exhibit 4.5

 

Execution Copy

 

REGISTRATION
RIGHTS AGREEMENT

 

 

Dated as of
January 31, 2005

by and among

 

Accuride
Corporation

 

as Issuer,

 

the Guarantors named on Schedule A
hereto

 

and

 

Lehman
Brothers Inc.

Citigroup Global Markets Inc.

UBS Securities
LLC

 

 

as the Initial Purchasers

 

 

This
Registration Rights Agreement (this “Agreement”) is dated as of January 31, 2005,
by and among Accuride Corporation, a Delaware corporation (the “Company”), the
subsidiaries listed on Schedule A hereto (the “Guarantors”), and Lehman Brothers Inc., Citigroup
Global Markets Inc. and UBS Securities LLC (each an “Initial Purchaser” and, collectively, the “Initial Purchasers”), each of whom has agreed to purchase the
Company’s 81⁄2% Senior Subordinated Notes due February 1, 2015 (the “Notes”) pursuant to the Purchase Agreement (as
defined below).

 

This Agreement is made
pursuant to the Purchase Agreement, dated January 26, 2005 (the “Purchase Agreement”), by and among the Company, the Guarantors
and the Initial Purchasers.  In order to
induce the Initial Purchasers to purchase the Notes, the Company and the
Guarantors have agreed to provide the registration rights set forth in this
Agreement.  The execution and delivery of
this Agreement is a condition to the obligations of the Initial Purchasers set
forth in Section 7 of the Purchase Agreement. 
Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Indenture, dated the date hereof (the “Indenture”), among
the Company, the Guarantors and The Bank of New York Trust Company, N.A., as
trustee (the “Trustee”),
relating to the Notes and the Exchange Notes (as defined below).

 

The parties hereby agree as
follows:

 

SECTION 1.         DEFINITIONS

 

As used in this Agreement,
the following capitalized terms shall have the following meanings:

 

Act:  The Securities Act of 1933, as amended.

 

Affiliate:  As defined in Rule 144 of the Act.

 

Applicable Holder:  As defined in Section 6(d) hereof.

 

Blackout Period:  The period of time when (i) the Shelf Registration
Statement or (ii) after the date on which the Exchange Offer is Consummated,
the Exchange Offer Registration Statement that is required to remain effective
to permit resales of Exchange Notes by Broker-Dealers as contemplated by
Section 3(c) below, in each case, ceases to be effective or any related
Prospectus is not usable for a period not to exceed 60 days in the aggregate in
any twelve-month period if (a) such action is required by applicable law; or
(b) due to the existence of material non-public information, disclosure of such
material non-public information would be required to make the statements
contained in the applicable registration statement not misleading (including
for the avoidance of doubt, the pendency of an acquisition, disposition or
public or private offering by the Company), and the Company has a bona fide
business purpose for preserving as confidential such material non-public
information (other than avoidance of its obligations hereunder); provided, that (x) the Company promptly
thereafter complies with its obligations hereunder and the required period of
effectiveness of such registration statement shall be extended by the number of
days during which such registration statement was not effective or usable
pursuant to the foregoing provisions.

 

 

Broker-Dealer:  Any broker or dealer
registered under the Exchange Act.

 

Certificated Securities:  Definitive Notes, as defined
in the Indenture.

 

Closing Date:  The date hereof.

 

Commission:  The Securities and Exchange Commission.

 

Consummate:  An Exchange Offer shall be deemed “Consummated”
for purposes of this Agreement upon the occurrence of (a) the filing and
effectiveness under the Act of the Exchange Offer Registration Statement
relating to the Exchange Notes to be issued in the Exchange Offer, (b) the
maintenance of such Exchange Offer Registration Statement continuously
effective and the keeping of the Exchange Offer open for a period not less than
the period required pursuant to Section 3(b) hereof and (c) the delivery by the
Company to the Registrar under the Indenture of Exchange Notes in the same
aggregate principal amount as the aggregate principal amount of Notes validly
tendered by Holders thereof pursuant to the Exchange Offer.

 

Consummation Deadline: 
As defined in Section 3(b) hereof.

 

Effectiveness Deadline:  As defined in Section 3(a) and
4(a) hereof.

 

Exchange Act:  The Securities Exchange Act of 1934, as
amended.

 

Exchange Notes:  The Company’s 81⁄2% Senior
Subordinated Notes due 2015, registered under the Act, to be issued pursuant to
the Indenture (a) in the Exchange Offer or (b) as contemplated by Section 4
hereof.

 

Exchange Note Initial Purchaser: 
As defined
in Section 6(d) hereof.

 

Exchange Offer:  The exchange and issuance by
the Company of a principal amount of Exchange Notes (which shall be registered
pursuant to the Exchange Offer Registration Statement) equal to the outstanding
principal amount of Notes that are tendered by such Holders in connection with
such exchange and issuance.

 

Exchange Offer Registration Statement:  The
Registration Statement relating to the Exchange Offer, including the related
Prospectus that forms a part thereof.

 

Exempt Resales:  The transactions in which the
Initial Purchasers propose to sell the Notes to certain “qualified institutional
buyers,” as such term is defined in Rule 144A under the Act, and to certain
non-U.S. persons pursuant to Regulation S under the Act.

 

Filing Deadline:  As defined in Sections 3(a)
and 4(a) hereof.

 

Holders:  As defined in Section 2 hereof.

 

Interest Payment Date:  As defined in the Notes and
the Exchange Notes.

 

Person:  As defined in the Indenture.

 

2

 

Prospectus:  The prospectus included in a Registration
Statement at the time such Registration Statement is declared effective, as
amended or supplemented by any prospectus supplement and by all other
amendments thereto, including post-effective amendments, and all material
incorporated by reference into such Prospectus.

 

Recommencement Date:  As defined in Section 6(e)
hereof.

 

Registration Default:  As defined in Section 5
hereof.

 

Registration Statement:  Any registration statement of
the Company and the Guarantors relating to (a) an offering of Exchange Notes
and related Subsidiary Guarantees pursuant to an Exchange Offer or (b) the
registration for resale of Transfer Restricted Securities pursuant to the Shelf
Registration Statement, in each case (i) that is filed pursuant to the
provisions of this Agreement and (ii) including the Prospectus included
therein, all amendments and supplements thereto (including post-effective
amendments) and all exhibits and material incorporated by reference therein.

 

Regulation S:  Regulation S promulgated under the Act.

 

Rule 144:  Rule 144 promulgated under the Act.

 

Shelf Holder:  As defined in Section 6(d)(i)
hereof.

 

Shelf Registration Statement:  As
defined in Section 4(a) hereof.

 

Subsidiary Guarantees:  The guarantees of the Notes
and the Exchange Notes of the Guarantors under the Indenture, as amended from
time to time.

 

Suspension Notice:  As defined in Section 6(e)
hereof.

 

TIA:  The Trust Indenture Act of 1939 (15
U.S.C.  Section
77aaa-77bbbb) as in effect on the date of the Indenture.

 

Transfer Restricted Securities:  (a)
Each Note, and the related Subsidiary Guarantee, until the earliest to occur of
(i) the date on which such Note has been exchanged by a Person other than a
Broker-Dealer for an Exchange Note in the Exchange Offer and is entitled to be
resold to the public by such Person without complying with the prospectus
delivery requirements of the Act, (ii) the date on which such Note has been
effectively registered under the Act and disposed of in accordance with the
Shelf Registration Statement, (iii) following the exchange by a Broker-Dealer
in the Exchange Offer of a Note for an Exchange Note, the date on which such
Exchange Note is sold to a purchaser who receives from such Broker-Dealer on or
prior to the date of such sale a copy of the Prospectus contained in the
Exchange Offer Registration Statement, or (iv) the date on which such Note is
distributed to the public pursuant to Rule 144 under the Act.

 

3

 

SECTION 2.         HOLDERS

 

A Person is deemed to be a
holder of Transfer Restricted Securities (each, a “Holder”) whenever such Person owns Transfer
Restricted Securities.

 

SECTION 3.         REGISTERED EXCHANGE OFFER

 

(a)           Unless
the Exchange Offer shall not be permitted by applicable federal law or
Commission policy (after the procedures set forth in Section 6(a)(i) below have
been complied with), the Company and the Guarantors shall (i) cause the
Exchange Offer Registration Statement to be filed with the Commission within
150 days after the Closing Date (such 150th day being the “Filing Deadline”), (ii) use their commercially reasonable efforts to cause
such Exchange Offer Registration Statement to become effective within 230 days
after the Closing Date (such 230th day being the “Effectiveness Deadline”), (iii) in
connection with the foregoing, (A) file all pre-effective amendments to such
Exchange Offer Registration Statement as may be necessary in order to cause it
to become effective, (B) file, if applicable, a post-effective amendment to
such Exchange Offer Registration Statement pursuant to Rule 430A under the Act
and (C) cause all necessary
filings, if any, in connection with the registration and qualification of the
Exchange Notes to be made under the Blue Sky laws of such jurisdictions as are
necessary to permit Consummation of the Exchange Offer, and (iv) upon the
effectiveness of such Exchange Offer Registration Statement, use their
commercially reasonable efforts to commence and Consummate the Exchange
Offer.  The Exchange Offer shall be on
the appropriate form permitting (I) registration of the Exchange Notes to be
offered in exchange for the Notes that are Transfer Restricted Securities and
(II) resales of Exchange Notes by Broker-Dealers that tendered into the
Exchange Offer Notes that such Broker-Dealer acquired for its own account as a
result of market making activities or other trading activities (other than
Notes acquired directly from the Company or any of its Affiliates) as
contemplated by Section 3(c) below.

 

(b)           The
Company and the Guarantors shall use their commercially reasonable efforts to
cause the Exchange Offer Registration Statement to be effective continuously,
and shall keep the Exchange Offer open for a period of not less than the
minimum period required under applicable federal and state securities laws to
Consummate the Exchange Offer; provided, however, that in no event shall such
period be less than 20 business days. 
The Company and the Guarantors shall cause the Exchange Offer to comply
with all applicable federal and state securities laws.  No securities other than the Exchange Notes
shall be included in the Exchange Offer Registration Statement.  The Company and the Guarantors shall use
their commercially reasonable efforts to cause the Exchange Offer to be
Consummated within 30 business days after the Exchange Offer Registration
Statement has become effective (such 30th business day being the “Consummation
Deadline”).

 

(c)           The
Company and the Guarantors shall include a “Plan of Distribution” section in
the Prospectus contained in the Exchange Offer Registration Statement and
indicate therein that any Broker-Dealer who holds Transfer Restricted
Securities that were acquired for the account of such Broker-Dealer as a result
of market-making activities or other trading activities (other than Notes
acquired directly from the Company or any Affiliate of the Company), may
exchange such Transfer Restricted Securities pursuant to the Exchange
Offer.  Such “Plan of Distribution”
section shall also contain all other information with respect to such 

 

4

 

sales by such Broker-Dealers that the
Commission may require in order to permit such sales pursuant thereto, but such
“Plan of Distribution” shall not name any such Broker-Dealer or disclose the
amount of Transfer Restricted Securities held by any such Broker-Dealer, except
to the extent required by the Commission.

 

Because such Broker-Dealer
may be deemed to be an “underwriter” within the meaning of the Act and must,
therefore, deliver a prospectus meeting the requirements of the Act in
connection with its initial sale of any Exchange Notes received by such
Broker-Dealer in the Exchange Offer, the Company and the Guarantors shall
permit the use of the Prospectus contained in the Exchange Offer Registration
Statement by such Broker-Dealer to satisfy such prospectus delivery
requirement.  To the extent necessary to
ensure that the prospectus contained in the Exchange Offer Registration
Statement is available for sales of Exchange Notes by Broker-Dealers, the
Company and the Guarantors agree to use their commercially reasonable efforts
to keep the Exchange Offer Registration Statement continuously effective,
supplemented, amended and current as required by and subject to the provisions
of subsections (a) and (c) of Section 6 hereof and subject to any applicable
Blackout Period and in conformity with the requirements of this Agreement, the
Act and the policies, rules and regulations of the Commission as announced from
time to time, for a period of 180 days from the date on which the Exchange
Offer is Consummated or such shorter period as will terminate when all Transfer
Restricted Securities covered by such Registration Statement have been sold
pursuant thereto.  The Company shall
provide sufficient copies of the latest version of such Prospectus to such
Broker-Dealers, promptly upon request, and in no event later than two days
after such request, at any time during such period; provided, however, that if the Exchange Offer Registration
Statement ceases to be effective during any Blackout Period, such 180-day period
shall be extended by the number of days such Blackout Period continued.

 

SECTION 4.         SHELF REGISTRATION

 

(a)           Shelf
Registration.  If (i) the Exchange
Offer is not permitted by applicable federal law or Commission policy (after
the Company and the Guarantors have complied with the procedures set forth in
Section 6(a)(i) hereof) or (ii) any Holder shall notify the Company within 20
business days following the Consummation of the Exchange Offer that (A) such
Holder was prohibited by applicable federal law or Commission policy from
participating in the Exchange Offer or (B) such Holder may not resell the
Exchange Notes acquired by it in the Exchange Offer to the public without
delivering a prospectus and the Prospectus contained in the Exchange Offer
Registration Statement is not appropriate or available for such resales by such
Holder or (C) such Holder is a
Broker-Dealer and holds Notes acquired directly from the Company or any of its
Affiliates, then the Company and the Guarantors shall:

 

(I)            use their commercially reasonably efforts to cause
to be filed, on or prior to 60 days after the earlier of (x) the date on which
the Company determines that the Exchange Offer Registration Statement cannot be
filed as a result of clause
(a)(i) of this Section and (y) the date on which the Company receives the
notice specified in clause (a)(ii) of this Section (such earlier date being the
“Filing
Deadline”), a
shelf registration statement pursuant to Rule 415 under the Act (which may be
an amendment to the Exchange Offer Registration Statement (the 

 

5

 

“Shelf
Registration Statement”)), relating
to all Transfer Restricted Securities in accordance with the provisions of
Section 4(b) hereof; and

 

(II)           use their
commercially reasonable efforts to cause such Shelf Registration Statement to
become effective within 120 days after the Shelf Registration Statement is filed (such 120th day being the “Effectiveness
Deadline”).

 

If, after the Company and
the Guarantors have filed an Exchange Offer Registration Statement that
satisfies the requirements of Section 3(a) above, the Company and the
Guarantors are required to file and make effective a Shelf Registration
Statement solely because the Exchange Offer is not permitted under applicable
federal law or Commission policy (i.e.,
clause (a)(i) of this Section), then the filing of the Exchange Offer
Registration Statement shall be deemed to satisfy the requirements of clause
(I) above; provided that, in such
event, the Company and the Guarantors shall remain obligated to meet the
Effectiveness Deadline set forth in clause (II) above.

 

To the extent necessary to
ensure that the Shelf Registration Statement is available for sales of Transfer
Restricted Securities by the Holders thereof entitled to the benefit of this
Section 4(a) and the other securities required to be registered therein
pursuant to Section 6(b)(ii) hereof, the Company and the Guarantors shall use
their commercially reasonable efforts to keep any Shelf Registration Statement
required by this Section 4(a) continuously effective, supplemented, amended and
current as required by and subject to the provisions of subsections (b) and (c)
of Section 6 hereof and subject to any Blackout Period and in conformity with
the requirements of this Agreement, the Act and the policies, rules and
regulations of the Commission as announced from time to time, for a period of
at least two years (as extended pursuant to Section 6(c)(i)hereof) following
the date on which such Shelf Registration Statement first becomes effective
under the Act, or such shorter period as will terminate when all Notes and
Exchange Notes cease to be Transfer Restricted Securities or such Notes or
Exchange Notes covered by such Shelf Registration Statement have been sold pursuant
thereto.

 

(b)           Provision
by Holders of Certain Information in Connection with the Shelf Registration
Statement.  No Holder may include any
of its Transfer Restricted Securities in any Shelf Registration Statement
pursuant to this Agreement unless and until such Holder furnishes to the
Company in writing, within 20 days after receipt of a request therefor, the
information specified in Item 507 or 508 of Regulation S-K, as applicable, of
the Act, or other information reasonably requested by the Company and required
by Regulation S-K of the Act for use in connection with any Shelf Registration
Statement or Prospectus or preliminary Prospectus included therein.  No Holder shall be entitled to special
interest pursuant to Section 5 hereof unless and until such Holder shall have
provided all such information.  By its
acceptance of Transfer Restricted Securities, each Holder agrees to promptly
furnish additional information required to be disclosed in order to make the information
previously furnished to the Company by such Holder not materially misleading.

 

SECTION 5.         SPECIAL INTEREST

 

If
(a) any Registration Statement required by this Agreement is not filed with the
Commission on or prior to the applicable Filing Deadline, b) any such
Registration Statement 

 

6

 

has not been declared effective by the
Commission on or prior to the applicable Effectiveness Deadline, (c) the
Exchange Offer has not been Consummated on or prior to the Consummation
Deadline or (d) any Registration Statement required by this Agreement is filed
and declared effective but shall thereafter cease to be effective (except as
specifically permitted herein) or fail to be usable for its intended purpose
without being succeeded within five business days by a post-effective amendment
to such Registration Statement that cures such failure and that is itself
declared effective within ten business days of filing such post-effective
amendment to such Registration Statement (except during any Blackout Period)
(each such event referred to in clauses (a) through (d), a “Registration
Default”), then
the Company and the Guarantors hereby jointly and severally agree to pay to
each Holder of affected thereby special interest in an amount equal to $.05 per
week per $1,000 in principal amount of Transfer Restricted Securities held by
such Holder for the first 90-day period immediately following the occurrence of
such Registration Default.  The amount of
special interest shall increase by an additional $.05 per week per $1,000 in
principal amount of Transfer Restricted Securities with respect to each
subsequent 90-day period until all Registration Defaults have been cured, up to
a maximum amount of special interest of $.20 per week per $1,000 in principal
amount of Transfer Restricted Securities; provided
that the Company and the Guarantors shall in no event be required to
pay special interest for more than one Registration Default at any given
time.  Notwithstanding anything to the
contrary set forth herein, upon (i) filing of the Exchange Offer Registration
Statement (and/or, if applicable, the Shelf Registration Statement), in the
case of (a) above, (ii) the effectiveness of the Exchange Offer Registration
Statement (and/or, if applicable the Shelf Registration Statement), in the case
of (b) above, (iii) Consummation of the Exchange Offer, in the case of (c)
above, or (iv) upon the filing of a post-effective amendment to the
Registration Statement or an additional Registration Statement that causes the
Exchange Offer Registration Statement (and/or, if applicable, the Shelf
Registration Statement) to again be declared effective or made usable, in the
case of (d) above, special interest payable with respect to the Transfer
Restricted Securities as a result of such clause (a), (b), (c) or (d), as
applicable, shall cease.

 

All
accrued special interest shall be paid to the Holders entitled thereto, in the
manner provided for the payment of interest in the Indenture, on each Interest
Payment Date, as more fully set forth in the Indenture and the Notes and the
Exchange Notes.  Notwithstanding the fact
that any securities for which special interest is due cease to be Transfer
Restricted Securities, all obligations of the Company and the Guarantors to pay
special interest that has accrued with respect to securities shall survive
until such time as such obligations with respect to such securities shall have
been satisfied in full.

 

SECTION 6.         REGISTRATION PROCEDURES

 

(a)           Exchange
Offer Registration Statement.  In
connection with the Exchange Offer, the Company and the Guarantors shall (i)
comply with all applicable provisions of Section 6(c) below, (ii) use their
commercially reasonable efforts to effect such exchange and to permit the
resale of Exchange Notes by any Broker-Dealer that tendered Notes in the
Exchange Offer that such Broker-Dealer acquired for its own account as a result
of its market making activities or other trading activities (other than Notes
acquired directly from the Company or any of its Affiliates) being sold in
accordance with the intended method or methods of distribution thereof, and
(iii) comply with all of the following provisions:

 

7

 

(A)          If, following the date hereof
there has been announced a change in Commission policy with respect to exchange
offers such as the Exchange Offer, that in the reasonable opinion of counsel to
the Company raises a substantial question as to whether the Exchange Offer is
permitted by applicable federal law, the Company and the Guarantors hereby
agree either to (x) seek a no-action letter or other favorable decision from
the Commission allowing the Company and the Guarantors to Consummate an
Exchange Offer for such Transfer
Restricted Securities or (y) file, in accordance with Section 4(a) hereof, a
Shelf Registration Statement to permit the exchange and/or resale of the
Transfer Restricted Securities that would otherwise be covered by the Exchange
Offer Registration statement but for the announcement of a change in Commission
policy.  The Company and the Guarantors
hereby agree to pursue the issuance of such a decision to the Commission staff
level, but shall not be required to take commercially unreasonable actions to
effect a change in Commission policy.  In
connection with the foregoing, the Company and the Guarantors hereby agree to
take all such other actions as may be requested by the Commission or otherwise
required in connection with the issuance of such decision, including without
limitation (I) participating in telephonic conferences with the Commission
staff, (II) delivering to the Commission staff an analysis prepared by counsel
to the Company setting forth the legal bases, if any, upon which such counsel
has concluded that such an Exchange Offer should be permitted and (III)
diligently pursuing a resolution (which need not be favorable) by the
Commission staff.

 

(B)           As a condition to
its participation in the Exchange Offer, each Holder (including, without
limitation, any Holder who is a Broker-Dealer) shall furnish, upon the request
of the Company, prior to the Consummation of the Exchange Offer, a written
representation to the Company and the Guarantors (which may be contained in the
letter of transmittal contemplated by the Exchange Offer Registration
Statement) to the effect that (I) it is not an Affiliate of the Company, (II)
it is not engaged in, and does not intend to engage in, and has no arrangement
or understanding with any person to participate in, a distribution of the
Exchange Notes to be issued in the Exchange Offer and (III) it is acquiring the
Exchange Notes in its ordinary course of business.  In addition, all such Holders shall otherwise
reasonably cooperate in the Company’s and the Guarantors’ preparation for the
Exchange Offer.  Each Holder using the
Exchange Offer to participate in a distribution of the Exchange Notes will be
required to acknowledge and agree that it (1) could not, under Commission
policy as in effect on the date of this Agreement, rely on the position of the
Commission enunciated in Morgan Stanley and Co., Inc. (available June 5,
1991) and Exxon Capital Holdings Corporation (available May 13, 1988),
as interpreted in the Commission’s letter to Shearman & Sterling dated
July 2, 1993, and similar no-action letters (including, if applicable, any
no-action letter obtained pursuant to clause (A) above), and (2) must comply
with the registration and prospectus delivery requirements of the Act in
connection with a secondary resale transaction and that such a secondary resale
transaction must be covered by an effective Registration Statement containing
the selling security holder information required by Item 507 or 508, as
applicable, of Regulation S-K, if the resales are of Exchange Notes obtained by
such Holder in exchange for Notes acquired directly from the Company or an
Affiliate thereof.

 

8

 

(C)           Prior to
effectiveness of the Exchange Offer Registration Statement, the Company and the
Guarantors shall, if requested by the staff of the Commission, provide a
supplemental letter to the Commission (I) stating that the Company and the
Guarantors are registering the Exchange Offer in reliance on the position of
the Commission enunciated in Exxon Capital Holdings Corporation
(available May 13, 1988), Morgan Stanley and Co., Inc. (available June
5, 1991) as interpreted in the Commission’s letter to Shearman &
Sterling dated July 2, 1993, and, if applicable, any no-action letter
obtained pursuant to clause (A) above, (II) including a representation that
neither the Company nor any Guarantor has entered into any arrangement or
understanding with any Person to distribute the Exchange Notes to be received
in the Exchange Offer and that, to the best of the Company’s and each Guarantor’s
information and belief, each Holder participating in the Exchange Offer is
acquiring the Exchange Notes in its ordinary course of business and has no
arrangement or understanding with any Person to participate in the distribution
of the Exchange Notes received in the Exchange Offer and (III) any other
undertaking or representation required by the Commission as set forth in any
no-action letter obtained pursuant to clause (A) above, if applicable.

 

(b)           Shelf
Registration Statement.  In
connection with the Shelf Registration Statement, the Company and the
Guarantors shall:

 

(i)            comply
with all the provisions of Sections 6(c) and (d) below and use their
commercially reasonable efforts to effect such registration to permit the sale
of the Transfer Restricted Securities being sold in accordance with the
intended method or methods of distribution thereof (as indicated in the
information furnished to the Company pursuant to Section 4(b) hereof), and
pursuant thereto the Company and the Guarantors will prepare and file with the
Commission a Registration Statement relating to the registration on any
appropriate form under the Act, which form shall be available for the sale of
the Transfer Restricted Securities in accordance with the intended method or
methods of distribution thereof within the time periods and otherwise in
accordance with the provisions hereof; and

 

(ii)           register
Notes and the related Subsidiary Guarantees on any Shelf Registration Statement
covered by any Shelf Registration Statement contemplated by this Agreement, and
issue Exchange Notes having an aggregate principal amount equal to the
aggregate principal amount of Notes to any purchaser of such Notes subject to
the Shelf Registration Statement in the names as such Holder or purchaser shall
designate.

 

(c)           General
Provisions.  In connection with any
Registration Statement and any related Prospectus required by this Agreement,
the Company and the Guarantors shall:

 

(i)            use
their commercially reasonable efforts to keep such Registration Statement
continuously effective (subject to any applicable Blackout Period) and provide
all requisite financial statements for the period specified in Section 3 or 4
hereof, as applicable.  Upon the
occurrence of any event that would cause any such Registration Statement or the
Prospectus contained therein (A) to contain an untrue statement of material
fact or omit to state any material fact necessary to make the statements
therein, not misleading or (B) not to be effective and usable for resale of
Transfer Restricted Securities during the period required by this Agreement,
the Company and the Guarantors shall file promptly an appropriate amendment to 

 

9

 

such Registration
Statement curing such defect, and, if Commission review is required, use their commercially
reasonable efforts to cause such amendment to be declared effective as soon as
practicable.  If at any time the
Commission shall issue any stop order suspending the effectiveness of any
Registration Statement, or any state securities commission or other regulatory
authority shall issue an order suspending the qualification or exemption from
qualification of the Transfer Restricted Securities under state securities or
Blue Sky laws, the Company and the Guarantors shall use their commercially reasonable
efforts to obtain the withdrawal or lifting of such order at the earliest
possible time;

 

(ii)           prepare
and file with the Commission such amendments and post-effective amendments to
the applicable Registration Statement as may be necessary to keep such
Registration Statement effective for the applicable period set forth in Section
3 or 4 hereof, as the case may be; cause the Prospectus to be supplemented by
any required Prospectus supplement, and as so supplemented to be filed pursuant
to Rule 424 under the Act, and to comply fully with Rules 424, 430A and 462, as
applicable, under the Act in a timely manner; and comply with the provisions of
the Act with respect to the disposition of all securities covered by such
Registration Statement during the applicable period in accordance with the
intended method or methods of distribution by the sellers thereof set forth in
such Registration Statement or supplement to the Prospectus;

 

(iii)          in
connection with any sale of Transfer Restricted Securities that will result in
such securities no longer being Transfer Restricted Securities, cooperate with
the Holders to facilitate the timely preparation and delivery, if applicable,
of certificates representing Transfer Restricted Securities to be sold and not
bearing any restrictive legends; and to register such Transfer Restricted
Securities in such denominations and such names as the selling Holders may
request at least two business days prior to such sale of Transfer Restricted
Securities;

 

(iv)          use
their commercially reasonable efforts to cause the disposition of the Transfer
Restricted Securities covered by the Registration Statement to be registered
with or approved by such other governmental agencies or authorities as may be
necessary to enable the seller or sellers thereof to consummate the disposition
of such Transfer Restricted Securities; provided, however, that neither the Company nor any Guarantor shall be required to
register or qualify as a foreign corporation where it is not now so qualified
or to take any action that would subject it to the service of process in suits
or to taxation, other than as to matters and transactions relating to the
Registration Statement, in any jurisdiction where it is not now so subject;

 

(v)           provide a CUSIP number for all Transfer Restricted
Securities not later than the effective date of a Registration Statement
covering such Transfer Restricted Securities and provide the Trustee under the
Indenture with certificates for the Transfer Restricted Securities which are in
a form eligible for deposit with The Depository Trust Company;

 

(vi)          otherwise
use their commercially reasonable efforts to comply with all applicable rules
and regulations of the Commission, and make generally available to its security
holders with regard to any applicable Registration Statement, as soon as
practicable, a consolidated earnings statement meeting the requirements of Rule
158 (which need not be audited) covering a twelve-month period beginning with
the first fiscal quarter after the effective 

 

10

 

date of the
registration statement (as such term is defined in paragraph (c) of Rule 158
under the Act); and

 

(vii)         cause
the Indenture to be qualified under the TIA not later than the effective date
of the first Registration Statement required by this Agreement and, in
connection therewith, cooperate with the Trustee and the Holders to effect such
changes to the Indenture as may be required for such Indenture to be so
qualified in accordance with the terms of the TIA; and execute and use their
commercially reasonable efforts to cause the Trustee to execute, all documents
that may be required to be filed with the Commission to enable such Indenture
to be so qualified in a timely manner.

 

(d)           Additional
Provisions Applicable to Shelf Registration Statements and Certain Exchange
Offer Prospectuses.  In connection
with each Shelf Registration Statement, and each Exchange Offer Registration
Statement if and to the extent that an Initial Purchaser has notified the Company
that it is a holder of Exchange Notes that are Transfer Restricted Securities
(for so long as such Exchange Notes are Transfer Restricted Securities or for
the period provided in Section 3 hereof, whichever is shorter) (each, an “Exchange Note
Initial Purchaser”),
the Company and the Guarantors shall:

 

(i)            advise
each Holder of Transfer Restricted Securities included in any Shelf
Registration Statement (each, a “Shelf Holder” and, together with the Exchange Note Initial Purchasers, the “Applicable Holders”)
and each Exchange Note Initial Purchaser as promptly as practicable and, if
requested by such Holder, confirm such advice in writing, (A) when the
Prospectus or any Prospectus supplement or post-effective amendment has been
filed, and, with respect to any applicable Registration Statement or any
post-effective amendment thereto, when the same has become effective, (B) of
any request by the Commission for amendments to the Registration Statement or
amendments or supplements to the Prospectus or for additional information
relating thereto, (C) of the
issuance by the Commission of any stop order suspending the effectiveness of
the Registration Statement under the Act or of the suspension by any state
securities commission of the qualification of the Transfer Restricted
Securities for offering or sale in any jurisdiction, or the initiation of any
proceeding for any of the preceding purposes, (D) of the existence of any fact
or the happening of any event that makes any statement of a material fact made
in the Registration Statement, the Prospectus, any amendment or supplement
thereto or any document incorporated by reference therein untrue, or that
requires the making of any additions to or changes in the Registration
Statement in order to make the statements therein not misleading, or that
requires the making of any additions to or changes in the Prospectus in order
to make the statements therein, in the light of the circumstances under which
they were made, not misleading;

 

(ii)           if
any fact or event contemplated by Section 6(d)(i)(D) above shall exist or have
occurred, prepare a supplement or post-effective amendment to the Registration
Statement or related Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered
to the purchasers of Transfer Restricted Securities, the Prospectus will not
contain an untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading;

 

11

 

(iii)          furnish
to each Applicable Holder in connection with such exchange or sale, if any,
before filing with the Commission, copies of any Registration Statement or any
Prospectus included therein (except the Prospectus included in the Exchange
Offer Registration Statement at the time it was declared effective) or any
amendments or supplements to any such Registration Statement or Prospectus
(including all documents incorporated by reference after the initial filing of
such Registration Statement), which documents will be subject to the review and
comment of such Applicable Holders in connection with such sale, if any, for a
period of at least five business days, and the Company will not file any such
Registration Statement or Prospectus or any amendment or supplement to any such
Registration Statement or Prospectus (including all such documents incorporated
by reference) to which such Holders have reasonably objected within five
business days after the receipt thereof; an Applicable Holder shall be deemed
to have reasonably objected to such filing if such Registration Statement,
amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains
an untrue statement of a material fact or omits to state any material fact
necessary to make the statements therein not misleading or fails to comply with
the applicable requirements of the Act;

 

(iv)          make
available, at reasonable times, for inspection by each Applicable Holder and
any attorney or accountant retained by such Holders, all financial and other
records, pertinent corporate documents of the Company and the Guarantors and
cause the Company’s and the Guarantors’ officers, directors and employees to
supply all information reasonably requested by any such Holder, attorney or
accountant in connection with such Registration Statement or any post-effective
amendment thereto subsequent to the filing thereof and prior to its
effectiveness; provided, however,
that each such party shall be required to maintain in confidence and not to
disclose to any other person any information or records reasonably designated
by the Company as being confidential, until such time as (A) such information
becomes a matter of public record (whether by virtue of its inclusion in such
registration statement or otherwise), or (B) such person shall be required so
to disclose such information pursuant to a subpoena or order of any court or
other governmental agency or body having jurisdiction over the matter (subject
to the requirements of such order, and only after such person shall have given
the Company prompt prior written notice of such requirement) or (C) such
information is required to be set forth in such Shelf Registration Statement or
the prospectus included therein or in an amendment to such Shelf Registration
Statement  or an amendment or supplement
to such prospectus in order that such Shelf Registration Statement, prospectus,
amendment or supplement, as the case may be, complies with applicable
requirements of the federal securities laws and the rules and regulations of
the Commission and does not contain an untrue statement of a material fact or
omit to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the
circumstances then existing;

 

(v)           if
requested by any Applicable Holder in connection with such exchange or sale,
promptly include in any Registration Statement or Prospectus, pursuant to a
supplement or post-effective amendment if necessary, such information as such
Applicable Holders may reasonably request to have included therein, including,
without limitation, information relating to the “Plan of Distribution” of the
Transfer Restricted Securities; and make all required filings of such
Prospectus supplement or post-effective amendment as soon as practicable after
the Company is notified of the matters to be included in such Prospectus
supplement or post-effective amendment;

 

12

 

(vi)          furnish
to each Applicable Holder in connection with such exchange or sale without
charge, at least one copy of the Registration Statement, as first filed with
the Commission, and of each amendment thereto, including all documents
incorporated by reference therein and upon request, all exhibits (including
exhibits incorporated therein by reference);

 

(vii)         deliver
to each Applicable Holder without charge, as many copies of the Prospectus
(including each preliminary prospectus) and any amendment or supplement thereto
as such Holder reasonably may request; the Company and the Guarantors hereby
consent to the use (in accordance with law) of the Prospectus and any amendment
or supplement thereto by each selling Holder in connection with the offering
and the sale of the Transfer Restricted Securities covered by the Prospectus or
any amendment or supplement thereto;

 

(viii)        in
the case of a Shelf Registration Statement, upon the request of any Shelf
Holders aggregating at least 50% in aggregate principal amount of the Transfer
Restricted Securities at the time outstanding, enter into such agreements
(including underwriting agreements) and make such representations and
warranties and take all such other actions in connection therewith, in order to
expedite or facilitate the disposition of the Transfer Restricted Securities
pursuant to any applicable Registration Statement contemplated by this
Agreement as may be reasonably requested by any Holder in connection with any
sale or resale pursuant to any applicable Registration Statement.  In such connection, the Company and the
Guarantors shall:

 

(A)          upon request of any Applicable
Holder, furnish (or in the case of paragraphs (2) and (3), use their
commercially reasonable efforts to cause to be furnished) to each Applicable Holder, upon Consummation of
the Exchange Offer or upon the effectiveness of the Shelf Registration
Statement, as the case may be:

 

(1)           a
certificate, dated such date, signed on behalf of the Company and each Guarantor by (x) the President
or any Vice President and (y) a principal financial or accounting officer of
the Company and such Guarantor, confirming, as of the date thereof, the matters
set forth in Sections 7(f) and (g) of the Purchase Agreement and such other
similar matters as such Holders may reasonably request;

 

(2)           an
opinion, dated the date of Consummation of the Exchange Offer or the date of
effectiveness of the Shelf Registration Statement, as the case may be, of
counsel for the Company and the Guarantors covering matters similar to those
set forth in Sections
7(a) and (b) of the Purchase Agreement and such other matters as such Holder
may reasonably request, and in any event including a statement to the effect
that such counsel has participated in conferences with officers and other
representatives of the Company and the Guarantors, representatives of the
independent public accountants for the Company and the Guarantors and has
considered the matters required to be stated therein and the statements
contained therein, although such counsel has not independently verified the
accuracy, completeness or fairness of such statements; and that such counsel
advises that, on the basis of the foregoing, no facts came to such counsel’s
attention that caused such counsel to believe that the applicable Registration
Statement, at the time such Registration Statement or any post-effective
amendment thereto became effective and, in the case of the Exchange Offer
Registration Statement, as of the date of 

 

13

 

Consummation of the Exchange Offer, contained an untrue statement of a
material fact or omitted to state a material fact required to be stated therein
or necessary to make the statements therein, not misleading, or that the
Prospectus contained in such Registration Statement as of its date and, in the
case of the opinion dated the date of Consummation of the Exchange Offer, as of
the date of Consummation, contained an untrue statement of a material fact or
omitted to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.  Without limiting the
foregoing, such counsel may state further that such counsel assumes no responsibility
for, and has not independently verified, the accuracy, completeness or fairness
of the financial statements, notes and schedules and other financial data
included in any Registration Statement contemplated by this Agreement or the
related Prospectus; and

 

(3)           a
customary comfort letter, dated the date of Consummation of the Exchange Offer,
or as of the date of effectiveness of the Shelf Registration Statement, as the
case may be, from the Company’s independent accountants, in the customary form
and covering matters of the type customarily covered in comfort letters to
underwriters in connection with underwritten offerings, and affirming the
matters set forth in the comfort letters delivered pursuant to
Section 7(d) of the Purchase Agreement; and

 

(B)           deliver
such other documents and certificates as may be reasonably requested by the
selling Holders to evidence compliance with the matters covered in clause (A)
above and with any customary conditions contained in any agreement entered into
by the Company and the Guarantors pursuant to this clause (viii);

 

(ix)           prior
to any public offering of Transfer Restricted Securities, cooperate with the
Applicable Holders and their counsel in connection with the registration and
qualification of the Transfer Restricted Securities under the securities or
Blue Sky laws of such jurisdictions as the Applicable Holders may reasonably
request and do any and all other acts or things necessary or advisable to
enable the disposition in such jurisdictions of the Transfer Restricted
Securities covered by the applicable Registration Statement; provided,
however, that neither
the Company nor any Guarantor shall be required to register or qualify as a
foreign corporation where it is not now so qualified or to take any action that
would subject it to the service of process in suits or to taxation, other than
as to matters and transactions relating to the Registration Statement, in any
jurisdiction where it is not now so subject; and

 

(x)            provide promptly to each Applicable Holder, upon request,
each document filed with the Commission pursuant to the requirements of Section
13 or Section 15(d) of the Exchange Act.

 

(e)           Restrictions
on Holders.  Each Holder’s
acquisition of a Transfer Restricted Security constitutes such Holder’s agreement
that, upon receipt of the notice referred to in Section 6(d)(i)(C) or any
notice from the Company of the existence of any fact of the kind described in
Section 6(d)(i)(D) hereof or of any applicable Blackout Period (in each case, a
“Suspension Notice”), such Holder
will forthwith discontinue disposition of Transfer Restricted Securities
pursuant to the applicable Registration Statement and Prospectus until (i) such
Holder has received copies of the supplemented or amended Prospectus
contemplated by Section 6(d)(ii) 

 

14

 

hereof, or (ii) such Holder is advised in
writing by the Company that the use of the Prospectus may be resumed, and, if
applicable, has received copies of any additional or supplemental filings that
are incorporated by reference in the Prospectus (in each case, the “Recommencement
Date”).  Each
Holder receiving a Suspension Notice shall be required to either (I) destroy
any Prospectuses, other than permanent file copies, then in such Holder’s
possession that have been replaced by the Company with a more recently dated
Prospectus or (II) deliver to the Company (at the Company’s expense) all
copies, other than permanent file copies, then in such Holder’s possession of
the Prospectuses covering such Transfer Restricted Securities that was current
at the time of receipt of the Suspension Notice.  The time period regarding the effectiveness
of such Registration Statement set forth in Sections 3 or 4 hereof, as
applicable, shall be extended by a number of days equal to the number of days
in the period from and including the date of delivery of the Suspension Notice
to the date of delivery of the Recommencement Date.

 

SECTION 7.         REGISTRATION EXPENSES

 

(a)           All
expenses incident to the Company’s and the Guarantors’ performance of or
compliance with this Agreement will be borne by the Company, regardless of
whether a Registration Statement becomes effective, including without
limitation: (i) all registration and filing fees and expenses; (ii) all fees and
expenses of compliance with federal securities and state Blue Sky or securities
laws; (iii) all expenses of printing (including certificates for the Exchange
Notes to be issued in the Exchange Offer and printing of Prospectuses),
messenger and delivery services and telephone; (iv) all fees and disbursements
of counsel for the Company, the Guarantors and one counsel for the Shelf
Holders of Transfer Restricted Securities (which shall be Simpson Thacher &
Bartlett LLP or such other counsel as may be selected by a majority of such
Shelf Holders); (v) all application and filing fees in connection with listing
the Exchange Notes on a national securities exchange or automated quotation
system pursuant to the requirements hereof, if applicable; and (vi) all fees
and disbursements of independent certified public accountants of the Company
and the Guarantors (including the expenses of any special audit and comfort
letters required by or incident to such performance).  Notwithstanding the foregoing, the Holders of
the Transfer Restricted Securities being registered shall pay all agency fees
and commissions and underwriting discounts and commissions attributable to the
sale of such Transfer Restricted Securities and the fees and disbursements of
any counsel or other advisors or experts retained by such Holders (severally or
jointly), other than the counsel and experts specifically referred to above.

 

The Company will, in any
event, bear its and the Guarantors’ internal expenses (including, without
limitation, all salaries and expenses of its officers and employees performing
legal or accounting duties), the expenses of any annual audit and the fees and
expenses of any Person, including special experts, retained by the Company or
the Guarantors.

 

(b)           In
connection with any Registration Statement required by this Agreement
(including, without limitation, the Exchange Offer Registration Statement and
the Shelf Registration Statement), the Company and the Guarantors will
reimburse the Initial Purchasers and the Holders of Transfer Restricted
Securities who are tendering Notes into in the Exchange Offer and/or selling or
reselling Notes or Exchange Notes pursuant to the “Plan of Distribution”
contained in the Exchange Offer Registration Statement or the Shelf
Registration Statement, as applicable, for the reasonable fees and
disbursements of not more than one counsel (who shall be 

 

15

 

Simpson Thacher & Bartlett
LLP unless another firm shall be chosen by the Holders of a majority in
principal amount of the Transfer Restricted Securities for whose benefit such
Registration Statement is being prepared).

 

SECTION 8.         INDEMNIFICATION

 

(a)           The
Company and the Guarantors agree, jointly and severally, to indemnify and hold
harmless each Holder, its directors, officers and each Person, if any, who
controls such Holder (within the meaning of Section 15 of the Act or Section 20
of the Exchange Act), from and against any and all losses, claims, damages,
liabilities or judgments (including without limitation, any reasonable legal or
other expenses incurred in connection with investigating or defending any
matter, including any action that could give rise to any such losses, claims,
damages, liabilities or judgments) caused by any untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement,
preliminary prospectus or Prospectus (or any amendment or supplement thereto)
provided by the Company to any Holder or any prospective purchaser of Exchange
Notes or registered Notes, or caused by any omission or alleged omission to
state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, except insofar as such losses,
claims, damages, liabilities or judgments are caused by an untrue statement or
omission or alleged untrue statement or omission that is based upon information
relating to any of the Holders furnished in writing to the Company by any of
the Holders; provided, that the
Company and the Guarantors shall not be liable to any Holder under this
subsection (a) with respect to any preliminary prospectus to the extent that
such loss, claim, damage or liability of such Holder, agent or underwriter
results from an untrue statement or omission contained in or omitted the
preliminary prospectus, which untrue statement or omission was corrected in the
Prospectus, as then amended or supplemented and the Company furnished copies to
such Holder, agent or underwriter in sufficient quantity and sufficiently in advance
of the closing date and such Holder, agent or underwriter failed to deliver the
Prospectus as required by the Act.

 

(b)           By
its acquisition of Transfer Restricted Securities, each Holder agrees,
severally and not jointly, to indemnify and hold harmless the Company and the
Guarantors, and their respective directors and officers, and each person, if
any, who controls (within the meaning of Section 15 of the Act or Section 20 of
the Exchange Act) the Company or the Guarantors to the same extent as the foregoing
indemnity from the Company and the Guarantors set forth in Section 8(a) hereof,
but only with reference to information relating to such Holder furnished in
writing to the Company by such Holder expressly for use in any Registration
Statement, preliminary prospectus or Prospectus (or any amendment or supplement
thereto).  In no event shall any Holder,
its directors, officers or any Person who controls such Holder be liable or
responsible for any amount in excess of the amount by which the total amount received
by such Holder with respect to its sale of Transfer Restricted Securities
pursuant to a Registration Statement exceeds (i) the amount paid by such Holder
for such Transfer Restricted Securities and (ii) the amount of any damages that
such Holder, its directors, officers or any Person who controls such Holder has
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission.

 

(c)           In case any action shall be commenced involving any Person
in respect of which indemnity may be sought pursuant to Section 8(a) or (b) hereof (the “indemnified party”), 

 

16

 

the indemnified party shall promptly notify
the Person against whom such indemnity may be sought (the “indemnifying person”) in writing and the indemnifying party
shall assume the defense of such action, including the employment of counsel
reasonably satisfactory to the indemnified party and the payment of all fees
and expenses of such counsel, as incurred (except that in the case of any
action in respect of which indemnity may be sought pursuant to both Sections
8(a) and (b) hereof, a Holder shall not be required to assume the defense of
such action pursuant to this Section 8(c), but may employ separate counsel and
participate in the defense thereof, but the fees and expenses of such counsel,
except as provided below, shall be at the expense of the Holder).  Any indemnified party shall have the right to
employ separate counsel in any such action and participate in the defense
thereof, but the fees and expenses of such counsel shall be at the expense of
the indemnified party unless (i) the employment of such counsel shall have been
specifically authorized in writing by the indemnifying party, (ii) the indemnifying
party shall have failed to assume the defense of such action or employ counsel
reasonably satisfactory to the indemnified party or (iii) the named parties to
any such action (including any impleaded parties) include both the indemnified
party and the indemnifying party, and the indemnified party shall have been
advised by such counsel that there may be one or more legal defenses available
to it which are different from or additional to those available to the
indemnifying party (in which case the indemnifying party shall not have the
right to assume the defense of such action on behalf of the indemnified
party).  In any such case, the
indemnifying party shall not, in connection with any one action or separate but
substantially similar or related actions in the same jurisdiction arising out
of the same general allegations or circumstances, be liable for the reasonable
fees and expenses of more than one separate firm of attorneys (in addition to
any local counsel) for all indemnified parties and all such fees and expenses
shall be reimbursed as they are incurred. 
Such firm shall be designated in writing by a majority of the Holders,
in the case of the parties indemnified, pursuant to Section 8(a) hereof, and by
the Company and the Guarantors, in the case of parties indemnified, pursuant to
Section 8(b) hereof.  The indemnifying
party shall indemnify and hold harmless the indemnified party from and against
any and all losses, claims, damages, liabilities and judgments by reason of any
settlement of any action (A) effected with its written consent or (B) effected
without its written consent if the settlement is entered into more than 20
business days after the indemnifying party shall have received a request from
the indemnified party for reimbursement for the fees and expenses of counsel
(in any case where such fees and expenses are at the expense of the
indemnifying party) and, prior to the date of such settlement, the indemnifying
party shall have failed to comply with such reimbursement request.  No indemnifying party shall, without the
prior written consent of the indemnified party, effect any settlement or
compromise of, or consent to the entry of judgment with respect to, any pending
or threatened action in respect of which the indemnified party is or could have
been a party and indemnity or contribution may be or could have been sought
hereunder by the indemnified party, unless such settlement, compromise or
judgment (I) includes an unconditional release of the indemnified party from
all liability on claims that are or could have been the subject matter of  such action and (II) does not include a
statement as to or an admission of fault, culpability or a failure to act, by
or on behalf of the indemnified party.

 

(d)           To
the extent that the indemnification provided for in this Section 8 is
unavailable to an indemnified party in respect of any losses, claims, damages,
liabilities or judgments referred to therein, then each indemnifying party, in
lieu of indemnifying such indemnified party shall contribute to the amount paid
or payable by such indemnified party as a result of such losses, claims,
damages, liabilities or judgments (i) in such proportion as is 

 

17

 

appropriate to reflect the relative benefits
received by the Company and the Guarantors on the one hand, and the Holders, on
the other hand, from their initial sale of Transfer Restricted Securities (or
in the case of Exchange Notes that are Transfer Restricted Securities, the sale
of the Notes for which such Exchange Notes were exchanged) or (ii) if the
allocation provided by clause 8(d)(i) above is not permitted by applicable law,
in such proportion as is appropriate to reflect not only the relative benefits
referred to in such clause 8(d)(i) but also the relative fault of the Company
and the Guarantors, on the one hand, and of the Holder, on the other hand, in
connection with the statements or omissions which resulted in such losses,
claims, damages, liabilities or judgments, as well as any other relevant
equitable considerations.  The relative
fault of the Company and the Guarantors, on the one hand, and of the Holder, on
the other hand, 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 or such Guarantor, on the one hand, or by the Holder,
on the other hand, and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or
omission.  The amount paid or payable by
a party as a result of the losses, claims, damages, liabilities and judgments
referred to above shall be deemed to include, subject to the limitations set
forth in Section 8(c) hereof, any legal or other fees or expenses reasonably
incurred by such party in connection with investigating or defending any action
or claim.

 

The Company, the Guarantors
and, by its acquisition of Transfer Restricted Securities, each Holder agree
that it would not be just and equitable if contribution pursuant to this
Section 8(d) 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
which does not take account of the equitable considerations referred to in the
immediately preceding paragraph.  The
amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or judgments referred to in the immediately
preceding paragraph shall be deemed to include, subject to the limitations set
forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any matter,
including any action that could have given rise to such losses, claims,
damages, liabilities or judgments. 
Notwithstanding the provisions of this Section 8, no Holder, its
directors, its officers or any Person, if any, who controls such Holder shall
be required to contribute, in the aggregate, any amount in excess of the amount
by which the total received by such Holder with respect to the sale of Transfer
Restricted Securities pursuant to a Registration Statement exceeds (i) the
amount paid by such Holder for such Transfer Restricted Securities and (ii) the
amount of any damages which such Holder has otherwise been required to pay by
reason of such untrue or alleged untrue statement or omission or alleged
omission.  No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 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 8(d) are several in
proportion to the respective principal amount of Transfer Restricted Securities
held by each Holder hereunder and not joint.

 

SECTION 9.         RULE 144A AND RULE 144

 

The Company and each
Guarantor agrees with each Holder, for so long as any Transfer Restricted
Securities remain outstanding and during any period in which the Company or
such Guarantor (a) is not subject to Section 13 or 15(d) of the Exchange Act,
or no longer files 

 

18

 

reports required to be filed under Section 13
or 15(d) of the Exchange Act as if the Company were required to file such
reports, to make available, upon request of any Holder, to such Holder or
beneficial owner of Transfer Restricted Securities in connection with any sale
thereof and any prospective purchaser of such Transfer Restricted Securities
designated by such Holder or beneficial owner, the information required by Rule
144A(d)(4) under the Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A, and (b) is subject to Section 13 or 15(d) of the
Exchange Act, to make all filings required thereby in a timely manner in order
to permit resales of such Transfer Restricted Securities pursuant to Rule 144.

 

SECTION 10.  FUTURE SUBSIDIARY GUARANTEES

 

If, prior to
the Consummation of the Exchange Offer or prior to the effectiveness of the
Shelf Registration Statement, as the case may be, any subsidiary of the Company
executes a Subsidiary Guarantee in accordance with the terms and provisions of
the Indenture, the Company shall cause such subsidiary to execute and deliver
to the parties hereto a counterpart signature page to this Agreement and such
subsidiary shall be bound by all the provisions of this Agreement as a “Guarantor.”

 

SECTION 11.  MISCELLANEOUS

 

(a)           Remedies.  The Company and the Guarantors acknowledge
and agree that any failure by the Company and/or the Guarantors to comply with
their respective obligations under Sections 3 and 4 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 and the Guarantors’ obligations under
Sections 3 and 4 hereof.  The Company and
the Guarantors further agree to waive the defense in any action for specific
performance that a remedy at law would be adequate.

 

(b)           No
Inconsistent Agreements.  The Company
and the Guarantors will not, on or after the date of this Agreement, enter into
any agreement with respect to their respective securities that is inconsistent
with the rights granted to the Holders in this Agreement or otherwise conflicts
with the provisions hereof.  The Company
and the Guarantors have not previously entered into any agreement granting any
registration rights with respect to their respective securities to any Person
that would require such securities to be included in any Registration Statement
filed hereunder.  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 the Company’s and the Guarantors’
securities under any agreement in effect on the date hereof.

 

(c)           Amendments
and Waivers.  The provisions of this
Agreement may not be amended, modified or supplemented, and waivers or consents
to or departures from the provisions hereof may not be given unless (i) in the
case of Section 5 hereof and this Section 11(c)(i), the Company has obtained
the written consent of Holders of all outstanding Transfer Restricted
Securities and (ii) in the case of all other provisions hereof, the Company has
obtained the written consent of Holders of a majority of the outstanding
principal amount of Transfer Restricted Securities (excluding Transfer
Restricted Securities held by the Company or its 

 

19

 

Affiliates). 
Notwithstanding the foregoing, a waiver of or consent to departure from
the provisions hereof that relates exclusively to the rights of Holders whose
Transfer Restricted Securities are being tendered pursuant to the Exchange
Offer, and that does not affect directly or indirectly the rights of other
Holders whose Transfer Restricted Securities are not being tendered pursuant to
such Exchange Offer, may be given by the Holders of a majority of the
outstanding principal amount of Transfer Restricted Securities subject to such
Exchange Offer.

 

(d)           Third
Party Beneficiary.  The Holders shall
be third party beneficiaries to the agreements made hereunder between the
Company and the Guarantors, 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 they may deem such enforcement necessary or advisable to protect their
rights hereunder.

 

(e)           Notices.  All notices and other communications provided
for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail (registered or certified, return receipt requested), telecopier, or air courier guaranteeing overnight delivery:

 

(i)            if to a Holder, at the address set forth on the records of
the Registrar under the Indenture, with a copy to the Registrar under the
Indenture; and

 

(ii)           if to the Company or any of the Guarantors:

 

Accuride Corporation

7140 Office Circle

Evansville, Indiana  47715

Attention:  David K. Armstrong, Esq.

Facsimile:  (812) 962-5470

 

With a copy to:

 

Latham & Watkins LLP

885 Third Avenue

New York, New York  10022

Attention: 
Gregory Ezring, Esq.

Facsimile: 
(212) 751-4864

 

All such notices and
communications shall be deemed to have been duly given at the time delivered by
hand, 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.

 

(f)            Successors
and Assigns.  This Agreement shall
inure to the benefit of and be binding upon the successors and assigns of each
of the parties, including without limitation and without the need for an
express assignment, subsequent Holders; provided,
however, that this Agreement shall not inure to the benefit of or be
binding upon a successor or assign of a Holder 

 

20

 

unless and to the extent such successor or
assign acquired Transfer Restricted Securities from such Holders; provided, further that nothing herein
shall be deemed to permit any assignment, transfer or other disposition of
Transfer Restricted Securities in violation of the terms hereof or of the
Purchase Agreement or the Indenture.  If
any transferee of any Holder shall acquire Transfer Restricted Securities in
any manner, whether by operation of law or otherwise, such Transfer Restricted
Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Transfer Restricted 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, including the restrictions on resale
set forth in this Agreement and, if applicable, the Purchase Agreement, and
such Person shall be entitled to receive the benefits hereof and shall have the
right to enforce this Agreement directly to the extent such Person may deem
such enforcement necessary or advisable to protect such Person’s rights
hereunder.

 

(g)           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.

 

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

 

(i)            Governing
Law.  THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.

 

(j)            Severability.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired
thereby.

 

(k)           Entire
Agreement.  This Agreement is
intended by the parties as a final expression of their agreement and intended
to be a complete and exclusive statement of the agreement and understanding of
the parties hereto in respect of the subject matter contained herein.  There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein
with respect to the registration rights granted by the Company and the
Guarantors with respect to the Transfer Restricted Securities.  This Agreement supersedes all prior
agreements and understandings between the parties with respect to such subject
matter.

 

21

 

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

 

	
   

  	
  ACCURIDE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ACCURIDE CUYAHOGA FALLS, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ACCURIDE ERIE L.P.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  AKW GENERAL PARTNER L.L.C., AS GENERAL
  PARTNER

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE CORPORATION, AS MEMBER

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ACCURIDE HENDERSON LIMITED

  
	
   

  	
    LIABILITY COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE CORPORATION, AS

  MEMBER

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
							

 

 

	
   

  	
  ACCURIDE TEXAS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AKW GENERAL PARTNER L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  ACCURIDE CORPORATION, AS

  MEMBER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOSTROM HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOSTROM SEATING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BOSTROM SPECIALTY SEATING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
							

 

2

 

	
   

  	
  BRILLION IRON WORKS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ERIE LAND HOLDING, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Elizabeth I. Hamme

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Elizabeth I. Hamme

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FABCO AUTOMOTIVE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GUNITE CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  GUNITE EMI CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  

 

3

 

	
   

  	
  IMPERIAL GROUP HOLDING CORP. - 1

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  IMPERIAL GROUP HOLDING CORP. - 2

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  IMPERIAL GROUP, L.P.

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  IMPERIAL GROUP HOLDING CORP. – 1,

  ITS GENERAL PARTNER

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  JAII MANAGEMENT COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
							

 

4

 

	
   

  	
  TRANSPORTATION TECHNOLOGIES

  
	
   

  	
   

  	
  INDUSTRIES, INC.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  TRUCK COMPONENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/

  	
  Terrence J. Keating

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Terrence J. Keating

  
	
   

  	
   

  	
  Title:

  	
  Chairman

  
						

 

5

 

	
  LEHMAN
  BROTHERS INC.

  CITIGROUP GLOBAL MARKETS INC.

  UBS SECURITIES LLC

  
	
   

  
	
   

  
	
  By
  LEHMAN BROTHERS INC.,

  
	
   

  	
  AS AUTHORIZED REPRESENTATIVE

  
	
   

  
	
   

  
	
  By:

  	
  /s/   Illegible

  	
   

  
	
  Name:

  
	
  Title:

  
				

 

6

 

Schedule A

 

Guarantors

 

Accuride
Cuyahoga Falls, Inc.

 

Accuride Erie
L.P. (f/k/a AKW L.P.)

 

Accuride
Henderson Limited Liability Company

 

Accuride Texas
Inc.

 

AKW General
Partner L.L.C.

 

Bostrom
Holdings, Inc.

 

Bostrom
Seating, Inc.

 

Bostrom
Specialty Seating, Inc.

 

Brillion Iron
Works, Inc.

 

Erie Land
Holding, Inc.

 

Fabco
Automotive Corporation

 

Gunite
Corporation

 

Gunite EMI
Corporation

 

Imperial Group
Holding Corp.-1

 

Imperial Group
Holdings Corp.-2

 

Imperial
Group, L.P.

 

JAII
Management Company

 

Transportation
Technologies Industries, Inc.

 

Truck Components,
Inc.EXHIBIT 4.6

 

STOCKHOLDERS’ AGREEMENT

 

This
Stockholders’ Agreement (this “Agreement”) is entered into as of January 21,
1998 by and among Accuride Corporation, a Delaware corporation, (the “Company”),
Phelps Dodge Corporation, a New York corporation (“Phelps Dodge”) and Hubcap
Acquisition L.L.C., a Delaware limited liability company (the “Hubcap”).

 

RECITALS

 

Pursuant to a
Stock Subscription and Redemption Agreement, dated as of November 17, 1997,
among the Company, Phelps Dodge and Hubcap (the “Subscription Agreement”), upon
the satisfaction of certain conditions in the Subscription Agreement, (a)
Hubcap has subscribed for and purchased from the Company, and the Company has
issued and sold to Hubcap ninety (90) shares of Common Stock and (b) the
Company has purchased from Phelps Dodge ninety (90) shares of Common Stock,
immediately after which Phelps Dodge owns ten (10) shares of Common Stock (the “Retained
Shares”).

 

AGREEMENT

 

To implement
the foregoing and in consideration of the mutual agreements contained herein,
the parties agree as follows:

 

1.             Definitions.

 

As used in
this Agreement, the following capitalized terms shall have the following
meanings:

 

Affiliate:  When used with respect to a specified Person,
another Person that, either directly or indirectly, through one or more
intermediaries, controls, or is controlled by, or is under common control with,
the Person specified.

 

Board:  The Board of Directors of the Company.

 

Closing Date:  The date hereof.

 

Common Stock:  The Common Stock, par value $0.01 per share,
of the Company.

 

Common Stock
Outstanding: 
The aggregate number of shares of Common Stock from time to time
outstanding and all such shares issuable (i) upon conversion of all
indebtedness or shares of stock convertible into or exchangeable for Common
Stock from time to time outstanding, and (ii) upon the exercise of all
outstanding rights, warrants or options to subscribe for or purchase Common
Stock or any securities set forth in subsection (i) hereof.

 

Exchange Act:  The Securities Exchange Act of 1934, as
amended from time to time.

 

 

Exempt
Transaction: 
See Section 3(f) hereof.

 

Initial Public
Offering:  The
first Underwritten Offering of Common Stock.

 

KKR Affiliate:
With respect to a KKR Investor shall mean a Person that directly or indirectly
through one or more intermediaries controls, is controlled by or is under
common control with the KKR Investor; provided, however, that KKR
Affiliate shall not in any event include any limited partner of a KKR Investor
or any limited partner of a member or a general partner of a KKR Investor.

 

KKR Holder:  The KKR Investor and any Person to whom a KKR
Holder transfers shares of Common Stock which Person is required by this
Agreement to be bound by the provisions of this Agreement.

 

KKR Investor:  Hubcap.

 

KKR Shares:  As of any date of determination, the shares
of Common Stock then held by the KKR Holders.

 

NASD:  National Association of Securities Dealers,
Inc.

 

Person:  An individual, partnership, limited liability
company, joint venture, corporation, trust or unincorporated organization, a
government or any department, agency or political subdivision thereof or other
entity.

 

Phelps Holder:  Phelps
Dodge and any Person to whom Phelps Dodge transfers shares of Common Stock
which Person is required by this Agreement to be bound by the provisions of
this Agreement.

 

Phelps Shares:  As of any date of determination, the shares
of Common Stock then held by the Phelps Holder.

 

Piggyback
Notice:  See
Section 5(a) hereof.

 

Piggyback
Registration:  A
registration pursuant to Section 5 hereof.

 

Prospectus:  The prospectus included in any Registration
Statement, as amended or supplemented by any prospectus supplement, including
post-effective amendments and all material incorporated by reference in such
prospectus.

 

Registrable
Securities:  All
Retained Shares and any other securities of the Company which may be issued or
distributed with respect to, or in exchange or substitution for, or conversion
of, such Retained Shares and such other securities pursuant to a stock split,
stock dividends, or other distribution, merger, consolidation, reclassification
or recapitalization or otherwise; provided, however, that any
Registrable Securities shall cease to be Registrable Securities when (i) a
Registration Statement with respect to the sale of such Registrable Securities
has been declared effective under the Securities Act and such Registrable
Securities have been disposed of in accordance with the plan of distribution
set forth in such Registration

 

2

 

Statement,
(ii) such Registrable Securities are distributed pursuant to Rule 144 (or
any similar provision then in force) under the Securities Act, (iii) such
Registrable Securities shall have been otherwise transferred to a Person other
than a KKR Investor and new certificates for them not bearing a legend
restricting further transfer under the Securities Act shall have been delivered
by the Company or (iv) held by a Phelps Holder which is permitted to dispose of
such Registrable Securities pursuant to Rule 144(k) of the Securities Act and
such Phelps Holder and its Affiliates own in the aggregate less than 1% of
Common Stock on a fully diluted basis; and provided, further,
that any securities that have ceased to be Registrable Securities cannot
thereafter become Registrable Securities and any security that is issued or
distributed in respect of securities that have ceased to be Registrable
Securities is not a Registrable Security.

 

Registration:  A Piggyback Registration.

 

Regulation D:
The rules and regulations promulgated under the Securities Act and commonly
known as Regulation D.

 

Registration
Statement:  Any
registration statement of the Company which covers any of the Registrable
Securities pursuant to the provisions of this Agreement, including the
Prospectus, amendments and supplements to such Registration Statement,
including post-effective amendments, all exhibits and all material incorporated
by reference in such Registration Statement.

 

SEC:  The Securities and Exchange Commission.

 

Securities Act:  The Securities Act of 1933, as amended from
time to time.

 

Transfer:  See Section 2(b).

 

Underwritten
Registration or Underwritten Offering:  A sale of Common Stock to an underwriter for
reoffering to the public pursuant to an effective registration statement under
the Securities Act.

 

Capitalized
terms used herein and not defined herein shall have the meaning assigned to
them in the Subscription Agreement.

 

2.             Restrictions on Transfer; Right
of First Refusal.

 

(a)           Except for transfers to a
Proposed Purchaser pursuant to Section 3 or 4 hereof, and transfers
pursuant to an effective registration statement under the Securities Act, each
Phelps Holder agrees not to Transfer any Phelps Shares unless the transferee
executes an agreement in form reasonably satisfactory to the KKR Investor
providing that such transferee shall comply fully with the terms of this
Agreement.  No Transfer of Phelps Shares
shall be made unless the certificate (or certificates) representing shares of
Phelps Shares to be issued in such transfer shall bear the legend set forth
below, except for transfers pursuant to an effective registration statement:

 

THE SHARES REPRESENTED BY
THIS CERTIFICATE MAY NOT BE TRANSFERRED, SOLD, ASSIGNED, PLEDGED, HYPOTHECATED
OR

 

3

 

OTHERWISE DISPOSED OF
UNLESS SUCH TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER
DISPOSITION COMPLIES WITH THE PROVISIONS OF THE STOCKHOLDERS’ AGREEMENT DATED
AS OF JANUARY 21, 1998 AMONG ACCURIDE CORPORATION (THE “COMPANY”) , THE HOLDER
NAMED ON THE FACE HEREOF, HUBCAP ACQUISITION LLC AND OTHERS (A COPY OF WHICH IS
ON FILE WITH THE SECRETARY OF THE COMPANY). 
EXCEPT AS OTHERWISE PROVIDED IN SUCH AGREEMENT, NO TRANSFER, SALE,
ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SHARES
REPRESENTED BY THIS CERTIFICATE MAY BE MADE EXCEPT (A) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR (B) IF (I) THE COMPANY HAS BEEN FURNISHED WITH A SATISFACTORY OPINION
OF COUNSEL FOR THE HOLDER THAT SUCH TRANSFER, SALE, ASSIGNMENT, PLEDGE,
HYPOTHECATION OR OTHER DISPOSITION IS EXEMPT FROM THE PROVISIONS OF SECTION 5
OF THE SECURITIES ACT OR THE RULES AND REGULATIONS IN EFFECT THEREUNDER, AND IN
COMPLIANCE WITH APPLICABLE PROVISIONS OF STATE SECURITIES LAWS, AND (II) IF THE
HOLDER IS A CITIZEN OR RESIDENT OF ANY COUNTRY OTHER THAN THE UNITED STATES, OR
THE HOLDER DESIRES TO EFFECT ANY SUCH TRANSACTION IN ANY SUCH COUNTRY, THE
COMPANY HAS BEEN FURNISHED WITH A SATISFACTORY OPINION OR OTHER ADVICE OF
COUNSEL FOR THE HOLDER THAT SUCH TRANSACTION WILL NOT VIOLATE THE LAWS OF SUCH
COUNTRY.”

 

(b)           Each Phelps Holder agrees that
it will not, directly or indirectly, offer, transfer, sell, assign, pledge,
hypothecate or otherwise dispose of any shares of any Phelps Shares (any such
act, except if effected pursuant to Section 3 or 4 hereof, sometimes referred
to herein as a “Transfer,” whether voluntary or involuntary) unless such Transfer
is in compliance with the terms and conditions of this Agreement and (i) the
Transfer is pursuant to an effective registration statement under the
Securities Act or (ii) (A) counsel for such Phelps Holder shall have furnished
the Company with an opinion, reasonably satisfactory in form and substance to
the Company, that no such registration is required because of the availability
of an exemption from registration under the Securities Act and (B) if such
Phelps Holder is a citizen or resident of any country other than the United
States, or such Phelps Holder desires to effect any Transfer in any such
country, counsel for the Phelps Holder (which counsel shall be reasonably
satisfactory to the Company) shall have furnished the Company with an opinion
or other advice satisfactory in form and substance to the Company to the effect
that such Transfer will comply with the securities laws of such jurisdiction.

 

(c)           Notwithstanding any term of
this Agreement to the contrary, and subject to Sections 2(d) and 2(e), if, at
any time prior to an Underwritten Offering, a Phelps Holder receives a bona
fide offer to purchase any or all of its Phelps Shares (the “Offer”) from a
third party (the “Offeror”) which the Phelps Holder wishes to accept, the
Phelps Holder shall cause the Offer to be reduced to writing and shall notify
the Company in writing of its wish to accept the

 

4

 

Offer.  The Phelps Holder’s notice shall contain an
irrevocable offer to sell such Phelps Shares to the Company (in the manner set
forth below) at a purchase price equal to the price contained in, and on the
same terms and conditions of, the Offer, and shall be accompanied by a true
copy of the Offer (which shall identify the Offeror).  At any time within 45 days after the date of
the receipt by the Company of the Phelps Holders’ notice, the Company shall
have the right and option to purchase, or to arrange for a third party to
purchase, all of the Phelps Shares covered by the Offer either (i) at the same
price and on the same terms and conditions as the Offer or (ii) if the Offer
includes any consideration other than cash, then at the sole option of the
Phelps Holder, at the equivalent all-cash price, determined in good faith by
the Board, by delivering a certified bank check or checks or wire transfer in
the appropriate amount to the Phelps Holder at the principal office of the
Company against delivery of certificates or other instruments representing
Phelps Shares so purchased, appropriately endorsed by the Phelps Holder.  If at the end of such 45-day period, the
Company has not tendered the purchase price for such shares in the manner set
forth above, the Phelps Holder may during the succeeding 30-day period sell not
less than all of shares of Common Stock covered by the Offer to the Offeror at
a price and on terms materially no less favorable to the Phelps Holder than
those contained in the Offer.  No sale
may be made to any Offeror unless the Offeror agrees in writing with the
Company to be bound by the provisions of this Agreement as if it were a Phelps
Holder.  Promptly after such sale, the
Phelps Holder shall notify the Company of the consummation thereof and shall
furnish such evidence of the completion and time of completion of such sale and
of the terms thereof as may reasonably be requested by the Company.  If, at the end of the 30-day period following
the expiration of the 45-day period for the Company to purchase Phelps Shares,
the Phelps Holder has not completed the sale of such Phelps Shares as
aforesaid, all the restrictions on sale, transfer or assignment contained in
this Section 2(c) shall again be in effect with respect to such Phelps
Shares.  The terms of this Section 2(c)
shall not apply to a sale of Phelps Shares by a Phelps Holder under Section 3
or by a Bring-Along Seller pursuant to Section 4.

 

(d)           Subject
to Section 2(e), notwithstanding any other term of this Section 2,

 

(i)            Any holder of Phelps Shares
who is an individual may Transfer any of his or her Phelps Shares to a member
of the immediate family (as defined in Regulation S-K 404(a) under the
Securities Act) of such holder; provided, however, that no such Transfer shall
be effective until such member of the immediate family has delivered to the
Company a written acknowledgment and agreement in form and substance reasonably
satisfactory to the Company that the Phelps Shares to be received by such
member of the Immediate Family are subject to all the provisions of this
Agreement and that such Member of the Immediate Family is bound hereby and a
party hereto as a holder of Phelps Shares.

 

(ii)           Upon the death of any holder
of Phelps Shares who is an individual, the Phelps Shares held by such holder
may be distributed by will or other instrument taking effect at death or by
applicable laws of descent and distribution to such holder’s estate, executors,
administrators and personal representatives, and then to such holder’s heirs,
successors, legatees or distributees, whether or not such recipients are
Members of the Immediate Family of such holder; provided,
however, that no such Transfer shall be effective until the
recipient has delivered to the Company a written acknowledgment and agreement
in form and substance reasonably satisfactory to the Company that the Phelps
Shares to be received

 

5

 

by such recipient are subject to all
the provisions of this Agreement and that such recipient is bound hereby and a
party hereto as a holder of Phelps Shares.

 

(iii)          Any holder of the Phelps Shares
who is an individual may Transfer any or all of the Phelps Shares to a
charitable trust; provided, however, that no such
Transfer shall be effective until the trustees of each trust have delivered to
the Company a written acknowledgment and agreement in form and substance
reasonably satisfactory to the Company that the shares of Common Stock to be
received by such trust are subject to all the provisions of this Agreement and
that the trustees and the trust are bound hereby and a party hereto as a holder
of shares of Common Stock.

 

(iv)          Any holder of the Phelps Shares
may Transfer any or all of the Phelps Shares (A) to an Affiliate of such holder
or (B) in connection with a merger, consolidation, business combination or
similar transaction involving such holder; provided, however, that
no such Transfer shall be effective until the transferee has delivered to the
Company a written acknowledgment and agreement in form and substance reasonably
satisfactory to the Company that the shares of Common Stock to be received by
such transferee are subject to all the provisions of this Agreement and that
such transferee is bound hereby and a party hereto as a holder of shares of
Common Stock.

 

(e)           Further Restriction on
Transfer.  Notwithstanding any of the
terms of this Section 2, a Phelps Holder may not Transfer any Phelps Shares to
a Person which is engaged, directly or indirectly, in the manufacture, sale or
distribution, or owns, manages or controls, directly or indirectly, any Person
which engages in the manufacture, sale or distribution, of rims and wheels for
vehicles anywhere; provided, that the foregoing shall not prohibit a
Transfer that is otherwise permitted by Section 2(d) as long as the transferee
disposes of the Phelps Shares as promptly as practicable but in no event later
than 60 days after such Transfer.

 

3.             “Tag-Along” Right With Respect
to Sales by KKR Holders.

 

(a)           Sales of Common Stock by
KKR Holders.  With respect to any
proposed sale or other disposition for value (collectively, a “Sale”) of any
shares of Common Stock by a KKR Holder or KKR Holders (collectively, for
purposes of this Section 3, the “KKR Holder”), to a Person (a “Proposed
Purchaser”) during the term of this Agreement, other than pursuant to an Exempt
Transaction, each Phelps Holder shall have the right and option to participate
in such Sale, on the same terms and subject to the same conditions as the Sale by
such KKR Holder of its Common Stock, for up to a number of Phelps Shares owned
by such Phelps Holder equaling the number derived by multiplying the total
number of shares of Common Stock which the KKR Holder proposes to sell (the “Proposed
Number of Shares”) by a fraction, the numerator of which is the total number of
Phelps Shares owned by such Phelps Holder and the denominator of which is the
sum of (i) the total number of Phelps Shares owned by such Phelps Holder, (ii)
the total number of KKR Shares, and (iii) the total number of shares of Common
Stock (determined on a fully diluted basis) owned by Persons entitled to the
benefits of any other “tag-along” rights arising as a result of such transfer.

 

(b)           Notices.  The KKR Holder shall notify, or cause to be
notified, the Phelps Holders in writing of each proposed Sale subject to
Section 3(a) above (the “KKR Notice”)

 

6

 

promptly, but in any event no later than ten
(10) business days prior to the proposed Sale. 
Such notice shall set forth:  (i)
the Proposed Number of Shares, (ii) the name and address of the Proposed
Purchaser, and (iii) the proposed amount of consideration and the material
terms and conditions of the Sale (the “Material Terms”) and, if any portion of
the proposed consideration is not cash, the notice shall describe the terms of
the proposed consideration.  The
tag-along right may be exercised by any Phelps Holder by delivery of a written
notice to the KKR Holder (the “Tag-Along Notice”) within ten (10) business days
following receipt of the notice specified in the preceding sentence.  The Tag-Along Notice shall state the amount
of Phelps Shares that such Phelps Holder proposes to include in such Sale to
the Proposed Purchaser.  Each accepting
Phelps Holder shall (i) prior to closing of any such transfer, execute any
purchase agreement or other documentation required by the Proposed Purchaser to
consummate the transfer, which purchase agreement and other documentation
shall, subject to Section 3(h), be on terms no less favorable to the Phelps
Holder than those executed by the KKR Holder with respect to their Common
Stock, including, without limitation, the Sales price, the provision of, and
representation and warranty as to, information requested by the KKR Investor or
the KKR Holder, and the provision of requisite indemnifications; provided,
that (w) no Phelps Holder will be required to provide any information,
representations or warranties, or covenants (other than indemnification
permitted by this Section 3) with respect to the Company, its business or its
operations, (x) any indemnification provided by the Participating Sellers shall
be pro rata in proportion with the number of Phelps Shares to be sold (and on
terms no less favorable to the Phelps Holder than the indemnification provided
by the KKR Holder), (y) the Phelps Holder shall not be required to place any of
the consideration in a post-closing escrow if permitted by the Proposed
Purchaser and (z) the KKR Holder and KKR Affiliates shall be entitled to
provide advisory services in connection with any Sale and to receive
compensation therefrom not subject to the terms of this paragraph (b), and (ii)
at the closing of any such Sale, deliver to the Phelps Holder the certificate
or certificates representing Phelps Shares to be sold or otherwise disposed of
pursuant to such Sale by such Phelps Holder, duly endorsed for transfer with
signatures guaranteed, against receipt of the purchase price thereof.  If the Phelps Holder has not provided the Tag
Along Notice within the period specified above or
fails to otherwise comply with the terms of this Section 3 shall be deemed to
have waived its rights under this Section 3 with respect to the Sale to the
Proposed Purchaser.  A Tag-Along Notice
shall be irrevocable unless (A) there shall be a material adverse change in the
Material Terms or (B) otherwise mutually agreed to in writing by the KKR Holder
and such Participating Seller.  Promptly
after the receipt of the Tag-Along Notice, the KKR Holder or the KKR Investor
will furnish the Phelps Holder with a copy of the proposed agreement for the
transfer, if any.

 

(c)           Number
of Shares to be Sold.  If a Tag-Along
Notice is received pursuant to Section 3(b), a Phelps Holder shall be permitted
to sell to the Proposed Purchaser up to the maximum number of Phelps Shares
determined as set forth in Section 3(a) above, and the KKR Holder shall be permitted
to sell to the Proposed Purchaser up to a number of shares of Common Stock
equal to the Proposed Number of Shares, less the aggregate number of Phelps
Shares of all Phelps Holders and all other shares of Common Stock being sold to
such Proposed Purchaser in such transaction pursuant to tag-along rights
arising as a result of such transfer. 
Subject to the limitations of this Section 3(c), the KKR Holder shall
have the right for a 120-day period following provision of the KKR Notice to
sell to the Proposed Purchaser up to the Proposed Number of shares of Common
Stock on terms and conditions materially no more favorable to the KKR Holder
than those stated in the Tag-Along Notice; provided that the provisions of this

 

7

 

Section 3 will apply
to any such sale for so long as any shares of Common Stock are held by a Phelps
Holder.

 

(d)           Custody Agreement and Power
of Attorney.  Upon delivering a Tag Along Notice, the Phelps Holder will, if requested by the
KKR Holder, execute and deliver a custody agreement and power of attorney in
form and substance reasonably satisfactory to the KKR Holder (a “Custody
Agreement and Power of Attorney”) with respect to Phelps Shares which are to be
sold pursuant to Section 3(b).

 

(e)           Other Agreements.  Subject to Section 3(b), each Phelps Holder
agrees that it will execute such other agreements as the KKR Holder or Proposed
Transferee may reasonably request in connection with a Sale pursuant to Section
3(b), the consummation of such Sale and the transactions contemplated thereby.

 

(f)            Exempt Transaction Defined.  As used herein, the term “Exempt Transaction”
shall mean (i) Sales by any KKR Investor to any KKR Affiliates, (ii) Sales by
any KKR Affiliate to another KKR Affiliate or to a KKR Investor, (iii) Sales by
any KKR Investor and its respective KKR Affiliates to its partners or members
in the form of dividends or distributions (whether upon liquidation or
otherwise), and any subsequent Sales by such partners or members, (iv) Sales by
any KKR Holders made in a public distribution pursuant to an effective
registration statement under the Securities Act; or (v) a Sale, when combined
with series of transactions with the same transferee occurring within 12 months
of such Sale, represent less than (10%) of the then outstanding shares of
Common Stock, provided that in the case of clauses (i) and (ii) above
the transferee agrees in writing to be bound by the provisions of this
Agreement, including this paragraph (f); provided, further that in the
case of clause (iii) above, if the transferee is an Affiliate of Kohlberg,
Kravis, Roberts & Co., such transferee agrees in writing to be bound by the
provisions of this Agreement, including this paragraph (f).

 

4.             “Bring-Along” Right with Respect
to Phelps Shares.

 

(a)           Sales by KKR Holders.  In the event that the KKR Holders determine,
during the term of this Agreement, to effect a Sale of any of the KKR Shares to
a Proposed Purchaser, other than in an Exempt Transaction (a “Bring-Along Sale”),
then upon the request of the KKR Holders, each Phelps Holder (a “Bring-Along
Seller”) will sell to such Proposed Purchaser the number of Phelps Shares equal
to the product of (i) the number of Phelps Shares then held by such Phelps
Holder, multiplied by (ii) the ratio of (A) the number of shares of Common
Stock which the KKR Holders propose to sell in the Bring-Along Sale, divided by
(B) the number of shares of Common Stock then held by the KKR Holders.  The terms and conditions of such Sale shall
be no less favorable to the Phelps Holder than those received by the KKR
Holders with respect to their Common Stock, including, without limitation, the
sale price, the provision of, and representation and warranty as to,
information requested by the Company or the KKR Holders, and the provision of
requisite indemnifications; provided, that (i) no Phelps Holder will be
required to provide any information, representations or warranties, or
covenants (other than indemnification permitted by this Section 4) with respect
to the Company, its business or its operations, (ii) any indemnification
provided by the Bring-Along Sellers shall be pro rata in proportion with the
number of Phelps Shares to be sold (and on terms no less favorable to the
Bring-Along Sellers than the indemnification provided by the KKR Holders),

 

8

 

(iii) the Bring-Along Sellers shall not be required to place any
of the consideration in a post-closing escrow if permitted by the Proposed
Purchaser and (iv) KKR Holders and KKR Affiliates shall be entitled to provide
advisory services in connection with any Sale and to receive compensation
therefrom not subject to the terms of this paragraph (a).  Without limiting the foregoing, upon the
request of the KKR Holders made pursuant to this Section 4(a), the Phelps
Holder will agree, in connection with the Sale, to, and will, vote its shares
of Common Stock in favor of any Sale and will not exercise any dissenters’ or
appraisal rights with respect thereto (so long as the KKR Holders vote their
shares in favor of the Sale and not exercise such rights).

 

(b)           Notice.  Prior to making any Bring-Along Sale, the KKR
Holders shall, if they determine that Phelps Holders should participate in such
Sale, provide each Phelps Holder with written notice (the “Bring-Along Notice”)
not less than 10 business days prior to the proposed date of the
Bring-Along Sale (the “Bring-Along Sale Date”). 
The Bring-Along Notice shall set forth: 
(i) the name and address of the Proposed Purchaser; (ii) the
proposed amount and form of consideration to be paid per share of Common Stock
and the material terms and conditions of the Sale and, if any portion of the
proposal consideration is not cash, the notice shall describe the terms of such
consideration; and (iii) the Bring-Along Sale Date and the date upon which the
Phelps Holder shall deliver to the KKR Holders the certificates representing
Phelps Shares, duly endorsed, and the limited power of attorney referred to
below.  Each Phelps Holder shall (i)
prior to closing of any such transfer, execute any purchase agreement or other
documentation required by the Proposed Purchaser to consummate the Sale
(subject to paragraph (a) above), which purchase agreement and other
documentation shall be on terms no less favorable to the Phelps Holders than
those executed by the KKR Holders with respect to the Common Stock, and (ii) at
the closing of any such Sale, deliver to the Proposed Purchaser the certificate
or certificates representing Phelps Shares, duly endorsed for transfer with
signatures guaranteed, against receipt of the purchase price thereof.

 

(c)           Effect of Bring-Along Sale.  If a Phelps Holder receives its proportionate
share of the purchase price from a Bring-Along Sale, but has failed to deliver
certificates representing the number of Phelps Shares held by it as determined
in accordance with this Section 4, it shall for all purposes be deemed no
longer to be a holder of such shares, shall have no voting rights in respect of
such shares, shall not be entitled to any dividends or other distributions with
respect to such shares, and shall have no other rights or privileges granted to
stockholders under law or this Agreement.

 

5.             Registrations.

 

(a)           Piggyback Registration.  Subject to Section 6, if at any time after
the Company’s Initial Public Offering the Company files a Registration
Statement (other than a registration statement on Form S-4 or S-8 or any
successor form to such Forms or any registration of securities as it relates to
an offering and sale to management of the Company pursuant to any employee
stock plan or other employee benefit plan arrangement) with respect to an
offering that includes any shares of Common Stock, each Phelps Holder hereby
shall have all of the rights and privileges of the Registration Rights
Agreement of even date herewith, among the Company and Hubcap (the “Registration
Rights Agreement”) and the Company and each Phelps Holder agrees to be bound by
all of the terms, conditions and obligations of the

 

9

 

Registration Rights
Agreement, in each case as if the Phelps Holder were a “Holder” (as defined in
the Registration Rights Agreement) and as if the Registrable Securities under
this Agreement were “Registrable Securities” (as defined in the Registration
Rights Agreement); provided, however, that this Section 5(a)
shall not give the Phelps Holder any rights under Section 3 of the Registration
Rights Agreement to request registration of the Phelps Shares.  Notwithstanding the foregoing, in the event
that shares held by the KKR Holders are registered in the Company’s Initial
Public Offering, the Phelps Holder shall have the right to include in the
Initial Public Offering that percentage of the Phelps Shares equal to the
percentage of KKR Shares included in the Initial Public Offering.

 

(b)           Demand Registration.
Subject to Section 6 and the provisions of the Registration Rights Agreement,
at any time after the Company’s Initial Public Offering, on no more than one
occasion following 180 days after the Company’s Initial Public Offering, Phelps
Holders owning a majority of the Phelps Shares may make a written request to
the Company for a “shelf” registration under and in accordance with the
provisions of the Securities Act of all or part of the Phelps Shares.  Promptly upon receipt of any such request
(but in no event more than five business days thereafter), the Company will
serve written notice (the “Demand Notice”) of such registration request to all
Phelps Holders, and the Company will include in such registration all
Registrable Securities of any Phelps Holder with respect to which the Company
has received written requests for inclusion therein within 10 days after the
Demand Notice has been given to the applicable Phelps Holders.  All requests made pursuant to this
Section 5(b) will specify the aggregate amount of Registrable Securities
to be registered.  Upon making a request
pursuant to this Section 5(b), each Phelps Holder hereby shall have all of the
rights and privileges of the Registration Rights Agreement and the Company and
each Phelps Holder agrees to be bound by all of the terms, conditions and
obligations of the Registration Rights Agreement, in each case as if the Phelps
Holder were a “Holder” (as defined in the Registration Rights Agreement) and as
if the Registrable Securities under this Agreement were “Registrable Securities”
(as defined in the Registration Rights Agreement); provided, however,
that this Section 5(b) shall not give the Phelps Holder any rights under, or subject
the Phelps Holder to the limitations contained in, Sections 3(a), 3(f) and
3(g) of the Registration Rights Agreement.

 

6.             Participation in Underwritten
Registrations.

 

No Person may
participate in any Underwritten Registration hereunder unless such Person (a)
agrees to sell such Person’s securities on the basis provided in any
underwriting arrangements approved by the Persons entitled to approve such
arrangements and (b) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents required
under the terms of such underwriting arrangements.  Nothing in this Section 6 shall be construed
to create any additional rights regarding the Registration of shares of Common
Stock otherwise than as set forth herein.

 

7.             Financial Statements.  During the term of this Agreement, the
Company shall furnish the Phelps Holder with a copy of the Company’s financial
statements for each fiscal year ending after the date hereof (which shall be
audited if the Company has prepared audited financial statements) as soon as
practicable following the close of such fiscal year, and in any event within
120 days following the end of such fiscal year.

 

10

 

8.             Miscellaneous.

 

(a)           Termination of Agreement.  Section 2 of this Agreement (and applicable
definitions in Section 1) shall terminate upon the Common Stock (or such other
class of common equity securities then held by the Phelps Holder) being
registered under the Exchange Act.

 

(b)           Assignment, Binding Effect.  This Agreement shall not be assignable by the
parties hereto, except to (i) any Person who, in connection with a transfer of
KKR Shares, is required by this Agreement, in connection with such transfer, to
agree to be bound by the provisions of this Agreement, and (ii) any Person who
in connection with a transfer of Phelps Shares is required by this Agreement,
in connection with such transfer, to agree to be bound by the provisions of
this Agreement.  Subject to the foregoing,
the provisions of this Agreement shall be binding upon and accrue to the
benefit of the Parties and their respective heirs, legal representatives,
successors and permitted assigns.

 

(c)           Amendments.  The provision of this Agreement, including
the provisions of this sentence, may be amended, modified or supplemented only
by a written instrument executed by holders of (i) at least a majority of the
KKR Shares, and (ii) at least a majority of the issued Phelps Shares.

 

(d)           Governing Law.  The laws of the state of Delaware shall
govern the interpretation, validity and performance of the terms of this
Agreement, regardless of the law that might be applied under principles of
conflicts of law. Any suit, action or proceeding by a party hereto with respect
to this Agreement, or any judgment entered by any court in respect of any
thereof, may be brought in any state or federal court of competent jurisdiction
in the State of Delaware, and each party hereto hereby submits to the exclusive
jurisdiction of such courts for the purpose of any such suit, action,
proceeding or judgment.  By the execution
and delivery of this Agreement, the Company and Hubcap hereby appoint The
Corporation Trust Company, at its office in Wilmington, Delaware, and Phelps
Dodge hereby appoints The Corporation Trust Company, at its office in New York,
New York, in each case as its agent upon which process may be served in any
such suit, action or proceeding.  Service
of process upon such agent, together with notice of such service given to a party
hereto in the manner provided in Section 7(f) hereof, shall be deemed in every
respect effective service of process upon it in any suit, action or
proceeding.  Nothing herein shall in any
way be deemed to limit the ability of a party hereto to serve any such writs,
process or summonses in any other manner permitted by applicable law or to
obtain jurisdiction over any party hereto, in such other jurisdictions and in
such manner, as may be permitted by applicable law.  Each party hereto hereby irrevocably waives
any objections which it may now or hereafter have to the laying of the venue of
any suit, action or proceeding arising out of or relating to this Agreement
brought in any state or federal court of competent jurisdiction in the State of
Delaware, and hereby further irrevocably waives any claim that any such suit,
action or proceeding brought in any such court has been brought in any
inconvenient forum.  No suit, action or
proceeding against a party hereto with respect to this Agreement may be brought
in any court, domestic or foreign, or before any similar domestic or foreign
authority other than in a court of competent jurisdiction in the State of
Delaware, and each party hereto hereby irrevocably waives any right which it
may otherwise have had to bring such an action in any other court, domestic or
foreign, or before any similar domestic or foreign authority.

 

11

 

(e)           Interpretation.  The headings of the sections contained in
this Agreement are solely for the purpose of reference, are not part of the
agreement of the parties and shall not affect the meaning or interpretation of
this Agreement.

 

(f)            Notices.  All notices and other communications required
or permitted to be given under this Agreement shall be in writing and shall be
deemed to have been given if delivered personally or sent by certified mail,
return receipt requested, postage prepaid, to the parties to this Agreement at
the following address or to such other address as either party to this Agreement
shall specify by notice to the other:

 

(1)           If to the KKR Investor or a KKR
Holder, to it in care of:

 

Kohlberg Kravis Roberts & Co.

2800 Sand Hill Road, Suite 200

Menlo Park, California  94025

Attn:  James H. Greene, Jr.

 

with
a copy to:

 

Latham & Watkins

75 Willow Road

Menlo Park, CA  94025

Attention:  Peter F. Kerman, Esq.

 

(2)           If to the Company, to it in care of:

 

Accuride Corporation

2315 Adams Lane

P.O. Box 40

Henderson, Kentucky 42420

Attention:  President

 

with
a copy to:

 

Latham & Watkins

75 Willow Road

Menlo Park, CA  94025

Attention:  Peter F. Kerman, Esq.

 

(3)           If to Phelps Dodge or a Phelps
Holder, to it in care of:

 

Phelps Dodge Corporation

2600 North Central Avenue

Phoenix, Arizona 85004

Facsimile:  (602) 234-8050

 

12

 

with
a copy to:

 

Debevoise & Plimpton

875 Third Avenue

New York, New York 10022

Facsimile: (212) 909-6836

Attention:  James C. Scoville, Esq.

 

(g)           Waiver and Consent.  No action taken pursuant to this Agreement,
including, without limitation, any investigation by or on behalf of any party,
shall be deemed to constitute a waiver by the party taking such action of
compliance with any representations, warranties, covenants or agreements
contained herein.  The waiver by any
party hereto of a breach of any provision of this Agreement shall not operate
or be construed as waiver of any preceding or succeeding breach and no failure
by any party to exercise any right or privilege hereunder shall be deemed a
waiver of such party’s rights or privileges hereunder or shall be deemed a
waiver of such party’s rights to exercise the same at any subsequent time or
times hereunder.  Each party hereto, in
addition to being entitled to exercise all rights provided herein, in the
charter or granted by law, including recovery of damages, will be entitled to
specific performance of its rights under this Agreement.  Each party hereto agrees that monetary
damages would not be adequate compensation for any loss incurred by reason of a
breach by it of the provisions of this Agreement and hereby agrees to waive the
defense in any action for specific performance that a remedy at law would be
adequate.

 

(h)           Inspection.  Copies of this Agreement will be available
for inspection or copying by any party at the offices of the Company through
the Secretary of the Company.

 

(i)            Counterparts.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to constitute one and the same agreement.

 

(j)            Severability.  In the event that any one or more of the
provisions contained herein, or the application thereof in any circumstance, is
held invalid, illegal or unenforceable, the validity, legality and
enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired
thereby.

 

(k)           Entire Agreement.  This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. 
This Agreement supersedes all prior agreements and understandings
between the parties with respect to such subject matters.

 

(l)            Limited Liability.  Notwithstanding any provision hereof, none of
the obligations of the KKR Holders, the Company, any Phelps Holder or any
Affiliate of any of the foregoing under this Agreement shall be an obligation
of any officer, director, member, limited partner or general partner of any of
the foregoing entities (or of any officer, director, member, limited partner or
general partner of any member, limited partner or general partner of any of the
foregoing entities).  Any liability or
obligation of the KKR Holders, the Company, any Phelps Holder and any Affiliate
of the Company arising out of this Agreement shall be limited to and

 

13

 

satisfied only out of the assets of the KKR
Holders, the Company, any Phelps Holder and such Affiliate of the Company,
respectively.

 

14

 

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

 

	
   

  	
  ACCURIDE
  CORPORATION,

  
	
   

  	
  a Delaware
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William P.
  Greubel

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HUBCAP
  ACQUISITION L.L.C.,

  
	
   

  	
  a Delaware
  limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James H.
  Greene, Jr.

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PHELPS DODGE
  CORPORATION,

  
	
   

  	
  a New York
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Scott A.
  Crozier

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
  Duly Authorized
  Signatory

  	
   

  

 

15

 

ASSIGNMENT AND AMENDMENT OF STOCKHOLDERS’
AGREEMENT

 

This
Assignment and Amendment of Stockholders’ Agreement, dated as of September 30,
1998 (the “Assignment”) is made among Phelps Dodge Corporation, a New York
corporation (“Phelps Dodge”), Accuride Corporation, a Delaware corporation (“Accuride”),
Hubcap L.L.C., a Delaware limited liability company (“Hubcap”) and RSTW
Partners, III, L.P., a Delaware limited partnership (“RSTW”).

 

WHEREAS,
Phelps Dodge, Accuride and Hubcap are parties to the Stockholders’ Agreement,
dated as of January 21, 1998 (the “Stockholders’ Agreement”).  Capitalized terms used herein and not defined
herein, shall have the meaning assigned to them in the Stockholders’ Agreement
if defined therein.

 

WHEREAS,
Phelps Dodge is the owner of 2,400 shares of common stock, par value $.01 per
share (the “Shares”), of Accuride.

 

WHEREAS,
Phelps Dodge and RSTW have entered into a Share Purchase Agreement, dated as of
September 30, 1998, pursuant to which Phelps Dodge will sell the Shares to RSTW
for $12,800,000 in cash, a copy of which is attached hereto as Exhibit A.

 

NOW THEREFORE,
in consideration of these premises, and other valuable consideration the
receipt of which is acknowledged, the parties hereby agree as follows:

 

1.             Assignment and Assumption.

 

Phelps Dodge
hereby transfers, conveys, assigns and delivers to RSTW, and RSTW hereby
assumes, all of Phelps Dodge’s rights, duties and obligations under the
Stockholders’ Agreement, except that RSTW does not assume and shall not be
liable for any obligation of Phelps Dodge under the Stockholders’ Agreement
which arose out of or relate to events or circumstances which occurred or
existed prior to the date of this Assignment or any other obligations of Phelps
Dodge, which obligations and liabilities shall continue to be the obligations
and liabilities of Phelps Dodge.  Upon
execution of this Assignment, RSTW shall become a party to the Stockholders’
Agreement as a Phelps Holder, and agrees to be bound by, and to comply fully
with, the provisions of the Stockholders’ Agreement as a Phelps Holder.

 

2.             Acknowledgments.

 

Accuride
represents and warrants that (i) Exhibit B is a true and correct copy of
Accuride’s declination to accept the offer of Phelps Dodge set forth in its
letter of August 18, 1998 and (ii) the number of authorized shares of capital
stock of Accuride on the date of this Assignment is 50,000, of which 45,000
shares are common stock, of which 24,704 were outstanding as of June 30, 1998,
and 5,000 shares are preferred stock, none of which are outstanding as of such
date.  No shares of common stock have been
issued since June 30, 1998 other than in connection with Accuride’s 1998
Employee Stock Purchase and Option Plan.

 

RSTW
represents and warrants that it is not engaged, directly or indirectly, in the
manufacture, sale or distribution , and does not own, manage or control,
directly or indirectly,

 

 

any Person which engages in the
manufacture, sale or distribution of rims, and wheels for vehicles anywhere.

 

3.             Notices.

 

The parties
agree that after the date hereof, all notices to be sent to a Phelps Holder
shall be sent in care of:

 

RSTW Partners III, L.P.

Rice Sangalis Toole & Wilson

5847 San Felipe, Suite 4350

Houston, Texas  77057

Facsimile: (713) 783-9750

Attention: Robert Q. Berlin

 

with a copy to:

 

Patton Boggs LLP

2200 Ross Avenue, Suite 200

Dallas, Texas  75201

Facsimile: (214) 871-2688

Attention: James C. Chadwick

 

4.             Miscellaneous.

 

This
Assignment shall become effective upon it being executed by all of the parties
hereto and upon consummation of the sale of the Shares pursuant to the Share
Purchase Agreement.  Upon effectiveness
of this Assignment, Phelps Dodge shall no longer be a party to the Stockholders’
Agreement, and shall have no liability for performance after the effectiveness
of this Assignment of any provisions thereof or obligations thereunder.  The Stockholders’ Agreement shall remain in
full force and effect, and is not amended or modified except as expressly set
forth herein.  Once this Assignment is
fully executed and the

 

2

 

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

 

 

	
   

  	
  ACCURIDE
  CORPORATION,

  
	
   

  	
  a Delaware
  corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John R.
  Murphy

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HUBCAP
  ACQUISITION, L.L.C.

  
	
   

  	
  a Delaware
  limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James H.
  Greene, Jr.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  PHELPS DODGE
  CORPORATION

  
	
   

  	
  a New York
  Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Illegible

  	
   

  
	
   

  	
   

  	
  Senior Vice
  President

  	
   

  
	
   

  	
   

  
	
   

  	
  RSTW PARTNERS
  III, L.P.

  
	
   

  	
  a Delaware
  limited partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  RSTW Management,
  L.P.

  	
   

  
	
   

  	
   

  	
  its general
  partner

  	
   

  
	
   

  	
  By:

  	
  Rice Mezzanine
  Corporation,

  	
   

  
	
   

  	
   

  	
  its general
  partner

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Illegible

  	
   

  

 

3

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