Document:

exv10w4

Exhibit 10.4

Logan’s Roadhouse, Inc.

3011 Armory Drive, Suite 300

Nashville, TN 37204

October 4, 2010

Kelso & Company, L.P.

320 Park Avenue, 24th Floor

New York, New York 10022

Ladies and Gentlemen:

          Logan’s Roadhouse, Inc. (the “Company”) hereby acknowledges that Kelso & Company, L.P.
(“Kelso”) has provided consulting and advisory services to the Company in connection with
the acquisition of LRI Holdings, Inc., the direct parent of the Company (“LRI”), pursuant
to the Agreement and Plan of Merger, dated as of August 27, 2010, by and among LRI, Roadhouse
Parent Inc., Roadhouse Merger Inc and LRI Acquisition, LLC, as the stockholders’ representative
(the “Merger Agreement”). In consideration of the services rendered in connection with the
acquisition and the related debt financing (together, the “Transaction”), the Company
hereby agrees (i) to pay Kelso on or before January 3, 2011 a transaction fee of $7,000,000
and (ii) to reimburse Kelso on the date hereof for Kelso’s out-of-pocket costs and expenses
incurred in connection with the Transaction through the date hereof.

          From time to time following the Transaction until such date on which Kelso and its affiliates
cease to own any equity interest in the Company, Kelso or any of its affiliates or designees
(collectively, the “Kelso Group”), may, at the request of the Board of Directors of the
Company, provide consulting and advisory services to the Company. Such services may include
(i) assisting in the raising of additional debt and equity capital from time to time for
the Company, if deemed advisable by the Board of Directors of the Company, (ii) assisting
the Company in its long-term strategic planning generally, (iii) providing the Company with
financial, investment banking, management advisory and other services with respect to proposed
transactions, including, without limitation, an initial public offering, directly or indirectly
involving Roadhouse Holding Inc., an indirect parent of the Company, or any of its subsidiaries
(collectively, the “Transaction Services”) and (iv) providing such other consulting
and advisory services as the Company may reasonably request.

          In consideration of the Kelso Group’s providing such services (other than Transaction
Services), from the date hereof the Company will pay Kelso an annual advisory fee of $1,000,000,
which advisory fee shall begin accruing on a daily basis on the date hereof and shall be payable
quarterly in advance on January 1, April 1, July 1 and October 1 (or the first business day
following each such date); provided, that the first quarterly payment thereof shall be pro
rated taking into account the number of days

 

 

remaining between the Closing Date (as defined in the Merger Agreement) and December 31, 2010,
and shall be due on or before the date on which the second quarterly payment thereof is due; and
provided, further, that the annual advisory fee shall terminate in connection with
an initial public offering involving Roadhouse Holding Inc. or any of its subsidiaries upon payment
by the Company to Kelso of a fee in respect of such initial public offering in an amount to be
mutually agreed among the Company and Kelso. If the Kelso Group invests additional equity in the
Company or any of its affiliates on one or more occasions after the date hereof, then, in each such
case, the Company and Kelso will negotiate in good faith to effect a mutually acceptable increase
to such advisory fee. In consideration of the Kelso Group’s providing Transaction Services, except
as otherwise provided in the second proviso to the first sentence of this paragraph, the Company
will pay Kelso a fee equal to a percentage (such percentage to be mutually agreed to between the
Company and Kelso) of the transaction value of any such transaction.

          The Company shall reimburse the Kelso Group promptly for the Kelso Group’s out-of-pocket costs
and expenses incurred in connection with any direct or indirect investment by the Kelso Group in
the Company after the date hereof. Such costs and expenses shall include, but not be limited to,
those incurred by the Kelso Group in the course of monitoring its investment in the Company and
performing Kelso’s duties (including, without limitation, Transaction Services) hereunder.

          The Company will indemnify each member of the Kelso Group, and their respective officers,
directors, partners, employees, agents and control persons (as such term is used in the Securities
Act of 1933, as amended, and the rules and regulations thereunder) to the full extent lawful
against any and all claims, losses and expenses as incurred (including all reasonable fees and
disbursements of any such indemnitee’s counsel and other out-of-pocket expenses incurred in
connection with the investigation of and preparation for any such pending or threatened claims and
any litigation or other proceedings arising therefrom) arising in connection with the Transaction
or any additional direct or indirect equity investment by the Kelso Group, whether as a result of
the Transaction or such additional investment or in connection with any services rendered by the
Kelso Group hereunder or any such indemnitee being a controlling person of Roadhouse Holding Inc.
or any of its subsidiaries, provided, however, there shall be excluded from such
indemnification any such claim, loss or expense to the extent that it is based upon any action or
failure to act by such indemnitee that is found in a final judicial determination to constitute
gross negligence or intentional misconduct on such indemnitee’s part. The Company will advance
costs and expenses, including attorney’s fees, incurred by any such indemnitee in defending any
such claim in advance of the final disposition of such claim upon receipt of an undertaking by or
on behalf of such indemnitee to repay amounts so advanced if it shall ultimately be determined that
such indemnitee is not entitled to be indemnified by the Company pursuant to this letter agreement.

2

 

          The Company’s obligations set forth in this letter agreement shall survive the termination of
Kelso’s services pursuant to this letter agreement. This letter agreement may not be amended or
revised except by a writing signed by the parties. This letter agreement shall be governed by the
laws of the State of New York.

[Remainder of the page intentionally left blank]

3

 

          If you are in agreement with the foregoing, kindly so indicate by signing a counterpart of
this letter, whereupon it will become a binding agreement between us.

	 	 	 	 	 
	 	Very truly yours,

LOGAN’S ROADHOUSE, INC.

 	 
	 	By:  	/s/
G. Thomas Vogel	 
	 	 	Name:  	G. Thomas Vogel	 
	 	 	Title:  	Chief Executive Officer	 
	 

	 	 	 	 	 	 	 

	Agreed and accepted:	 	 
	 
	 	 	 	 	 	 
	KELSO & COMPANY, L.P.	 	 
	 
	 	 	 	 	 	 
	By:	 	Kelso & Companies, Inc.,	 	 
	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James J. Connors, II	 	 
	 

	 	 	 	 

Name: James J. Connors, II
	 	 
	 

	 	 	 	Title: Vice President & General Counselexv10w5

Exhibit 10.5

 

REGISTRATION RIGHTS AGREEMENT

ROADHOUSE HOLDING INC.

Dated as of November 19, 2010

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	1. Registrations Upon Request
	 	 	1	 
	1.1 Requests by the Kelso Stockholders
	 	 	1	 
	1.2 Registration Statement Form
	 	 	3	 
	1.3 Expenses
	 	 	3	 
	1.4 Priority in Demand Registrations
	 	 	4	 
	 
	 	 	 	 
	2. Piggyback Registrations
	 	 	4	 
	 
	 	 	 	 
	3. Registration Procedures
	 	 	6	 
	 
	 	 	 	 
	4. Underwritten Offerings
	 	 	10	 
	4.1 Underwriting Agreement
	 	 	10	 
	4.2 Selection of Underwriters
	 	 	11	 
	 
	 	 	 	 
	5. Holdback Agreements
	 	 	11	 
	 
	 	 	 	 
	6. Preparation; Reasonable Investigation
	 	 	13	 
	 
	 	 	 	 
	7. No Grant of Future Registration Rights
	 	 	13	 
	 
	 	 	 	 
	8. Indemnification
	 	 	13	 
	8.1 Indemnification by the Company
	 	 	13	 
	8.2 Indemnification by the Sellers
	 	 	14	 
	8.3 Notices
of Claims, etc.
	 	 	15	 
	8.4 Other Indemnification
	 	 	16	 
	8.5 Indemnification Payments
	 	 	16	 
	8.6 Other Remedies
	 	 	16	 
	 
	 	 	 	 
	9. Representations and Warranties
	 	 	17	 
	 
	 	 	 	 
	10. Definitions
	 	 	17	 
	 
	 	 	 	 
	11. Miscellaneous
	 	 	20	 
	11.1
Rule 144, etc.
	 	 	20	 
	11.2 Successors, Assigns and Transferees
	 	 	20	 
	11.3 Stock
Splits, etc.
	 	 	20	 
	11.4 Amendment and Modification
	 	 	21	 
	11.5 Additional Stockholders
	 	 	21	 
	11.6
Governing Law, etc.
	 	 	21	 
	11.7 Invalidity of Provision
	 	 	21	 
	11.8 Notices
	 	 	21	 
	11.9 Headings; Execution in Counterparts
	 	 	23	 
	11.10 Injunctive Relief
	 	 	23	 
	11.11 Term
	 	 	23	 
	11.12 Further Assurances
	 	 	24	 
	11.13 No Third Party Beneficiaries
	 	 	24	 
	11.14 Entire Agreement
	 	 	24	 

i

 

REGISTRATION RIGHTS AGREEMENT

          REGISTRATION RIGHTS AGREEMENT, dated as of November 19, 2010 among Roadhouse Holding Inc., a
Delaware corporation (the “Company”), Kelso Investment Associates VIII, L.P. (“KIA
VIII”), a Delaware limited partnership, KEP VI, LLC, a Delaware limited liability company
(“KEP VI” and, together with KIA VIII, the “Kelso Stockholders”), those employees
of the Company or its subsidiaries named on the signature pages hereto (collectively, the
“Management Stockholders”) and any other Person who may become a party to this Agreement
pursuant to Section 11.5 (together with the Kelso Stockholders and the Management Stockholders, the
“Stockholders”). Capitalized terms used herein without definition are defined in Section
10.

          WHEREAS, the Kelso Stockholders and the Management Stockholders have purchased or,
simultaneously with the execution of this Agreement, are purchasing shares of Common Stock;

          WHEREAS, the parties hereto wish to set forth certain rights and obligations with respect to
the registration of the shares of Common Stock under the Securities Act.

          NOW, THEREFORE, in consideration of the mutual covenants and obligations set forth in this
Agreement, the parties hereto agree as follows:

     1. Registrations Upon Request.

     1.1 Requests by the Kelso Stockholders.

     (a) Notice of Request. At any time, and from time to time, the Kelso
Stockholders shall have the right to request that the Company effect the registration under
the Securities Act of all or a portion of the Registrable Securities owned by the Kelso
Stockholders, each such request to specify the intended method or methods of disposition
thereof (it being understood that the right to request registration on a Shelf Registration
Statement shall be governed by Section 1.1(b)). Upon any such request, the Company will
promptly, but in any event within 15 days, give written notice of such request to all
holders of Registrable Securities and thereupon the Company will, subject to Section 1.4,
use its best efforts to effect the prompt registration under the Securities Act of:

     (i) the Registrable Securities which the Company has been so requested to
register by the Kelso Stockholders, and

 

 

     (ii) all other Registrable Securities which the Company has been requested to
register by the holders thereof (provided that such request shall not be for a
greater portion of such holder’s Registrable Securities than the portion requested
by the Kelso Stockholders) by written request given to the Company by such holders
within 15 days after the giving of such written notice by the Company to such
holders,

all to the extent required to permit the disposition of the Registrable Securities so to be
registered in accordance with the intended method or methods of disposition of the Kelso
Stockholders.

     (b) Shelf Registration. The right of the Kelso Stockholders to request a
registration of Registrable Securities pursuant to Section 1.1(a) shall include the right
to request that the Company file a registration statement to permit the requesting holder
to sell Registrable Securities on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act (or any similar rule that may be adopted by the Commission) in
accordance with the intended method or methods of disposition by such requesting holder (a
“Shelf Registration Statement”). Notwithstanding anything to the contrary herein,

     (i) upon any Shelf Registration Statement having been declared effective, the
Company shall use reasonable best efforts to keep such Shelf Registration Statement
continuously effective until the earlier of (x) such time as all
Registrable Securities that could be sold under such Shelf Registration Statement
have been sold or are no longer outstanding and (y) two years from the date
of effectiveness;

     (ii) if at any time following the effectiveness of any Shelf Registration
Statement, the Kelso Stockholders desire to sell Registrable Securities pursuant
thereto, the Kelso Stockholders shall notify the Company of such intent at least
ten Business Days prior to any such sale (any such proposed transaction, a
“Take-down Transaction”), and the Company thereupon shall, subject to
Section 1.1(c), prepare and file within ten Business Days a prospectus supplement
or post-effective amendment to the Shelf Registration Statement, as necessary, to
permit the consummation of such Take-down Transaction;

     (iii) upon receipt of notice from the Kelso Stockholders regarding a Take-down
Transaction as provided in clause (ii) of this Section 1.1(b), the Company shall
immediately deliver notice to any other holders of Registrable Securities whose
Registrable Securities have been included in such Shelf Registration Statement and
shall permit such holders to participate in such Take-down Transaction (subject to
Section 1.4), it

2

 

being understood, for the avoidance of doubt, that no holder other than the
Kelso Stockholders shall have the right to initiate a Take-Down Transaction; and

     (iv) each holder who participates in a Take-Down Transaction shall be deemed
through such participation to have represented to the Company that any information
previously supplied by such holder, unless modified by such holder by written
notice to the Company, remains accurate as of the date of the prospectus
supplement or amendment to the Shelf Registration Statement, as applicable.

     (c) Blackout. Notwithstanding the foregoing, but subject to the rights of
holders of Registrable Securities under Section 2, (a) if the Board determines in
its good faith judgment, after consultation with a firm of nationally recognized
underwriters, that a requested registration under this Section 1.1 will have a material and
adverse effect on the offering price of a then contemplated IPO, the Company may defer the
filing (but not the preparation) of the registration statement which is required to effect
such registration during the period starting with the 30th day immediately preceding the
date of anticipated filing by the Company of the registration statement and ending on the
later of (i) a date 60 days following the effective date of the registration
statement relating to such IPO or (ii) such later date (not to exceed 180 days) as
may be required by the managing underwriter of the IPO; provided that at all times
the Company is in good faith using all reasonable efforts to cause such registration
statement to be filed as soon as possible; and provided, further, that such
period shall end on such earlier date as may be permitted by the underwriters of such
underwritten public offering, and (b) if the Company shall at any time (including
upon receipt of notice regarding a Take-down Transaction) furnish to the Kelso Stockholders
a Material Event Notice, the Company may defer the filing (but not the preparation) of a
registration statement (or prospectus supplement or post-effective amendment, as
applicable) to be filed pursuant to this Section 1.1 for up to 60 days (but the Company
shall use its best efforts to complete the transaction and file the registration statement
as soon as possible).

     1.2 Registration Statement Form. A registration requested pursuant to Section 1.1
shall be effected by the filing of a registration statement on a form agreed to by the Kelso
Stockholders.

     1.3 Expenses. The Company shall pay all Registration Expenses in connection with any
registration requested under Section 1.1; provided that each seller of Registrable
Securities shall pay (a) all Registration Expenses to the extent required to be paid by
such seller under applicable law and (b) its pro rata share (based on the number

3

 

of Registrable Securities included in such offering) of all underwriting discounts and
commissions and transfer taxes, if any.

     1.4 Priority in Demand Registrations. If a registration pursuant to Section 1.1
(including any Take-down Transaction) involves an underwritten offering, and the managing
underwriter (or, in the case of an offering which is not underwritten, a nationally recognized
investment banking firm) shall advise the Company in writing (with a copy to each Person requesting
registration of Registrable Securities) that, in its view, the number of securities requested, and
otherwise proposed to be included in such registration, exceeds the number which can be sold in
such offering without materially and adversely affecting the offering price, the Company shall
include in such registration, first, the Registrable Securities of the Stockholders on a
pro rata basis (based on the number of shares of Registrable Securities owned by
each such Stockholder), and second, the securities, if any, being sold by the Company up to
the amount which the Company is so advised can be sold in such offering without such material
adverse effect. Notwithstanding the foregoing, the Management Stockholders shall not be entitled
to participate in any such registration requested by the Kelso Stockholders (including any
Take-down Transaction) to the extent that the Board, in consultation with the managing underwriter
(or, in the case of an offering that is not underwritten, a nationally recognized investment
banking firm) shall determine in good faith, that the participation of such Management Stockholders
would materially and adversely affect the marketability or offering price of the securities being
sold in such registration, it being understood that the Company shall include in such registration
that number of shares of the Management Stockholders which can be sold in such offering without
materially and adversely affecting the marketability or offering price of the other securities to
be sold in such registration. In the event of any such determination under this Section 1.4, the
Company shall give the affected holders of Registrable Securities notice of such determination and
in lieu of the notice otherwise required under Section 1.1.

     2. Piggyback Registrations. If the Company at any time proposes to register any of
its equity securities under the Securities Act for its own account (including, but not limited to,
a Shelf Registration Statement, but other than pursuant to (i) a registration on Form S-4
or S-8 or any successor form or (ii) a registration of securities which are a combination
of debt and equity), then the Company shall give prompt written notice to all holders of
Registrable Securities regarding such proposed registration. Upon the written request of any such
holder made within 15 days after the receipt of any such notice (which request shall specify the
number of Registrable Securities intended to be disposed of by such holder and the intended method
or methods of disposition thereof), the Company shall use its best efforts to effect the
registration under the Securities Act of such Registrable Securities on a pro rata basis (based on
the number of shares of Registrable Securities owned by each such Stockholder) in accordance with
such intended method or methods of disposition; provided that:

4

 

     (a) (i) the Company shall not include Registrable Securities in such proposed
registration to the extent that the Board shall have determined, after consultation with
the managing underwriter for such offering, that their inclusion would materially and
adversely affect the offering price and (ii) the Company shall not include
Registrable Securities of any Management Stockholder in any proposed registration pursuant
to this Section 2 to the extent that the Board, in consultation with the managing
underwriter (or, in the case of an offering that is not underwritten, a nationally
recognized investment banker) shall determine in good faith that the participation of such
Management Stockholder would materially and adversely affect the marketability or the
offering price of the securities being sold in such registration; provided, that in
the event of any such determination under clause (i) or (ii), the Company shall give the
affected holders of Registrable Securities notice of such determination in lieu of the
notice otherwise required by the first sentence of this Section 2;

     (b) if, at any time after giving written notice (pursuant to this Section 2) of its
intention to register equity securities and prior to the effective date of the registration
statement filed in connection with such registration, the Company shall determine for any
reason not to register such equity securities, the Company may, at its election, give
written notice of such determination to each holder of Registrable Securities and,
thereupon, shall not be obligated to register any Registrable Securities in connection with
such registration (but shall nevertheless pay the Registration Expenses in connection
therewith), without prejudice, however, to the rights of the Kelso Stockholders that a
registration be effected under Section 1.1; and

     (c) if in connection with a registration pursuant to this Section 2, the managing
underwriter of such registration (or, in the case of an offering that is not underwritten,
a nationally recognized investment banking firm) shall advise the Company in writing (with
a copy to each holder of Registrable Securities requesting registration thereof) that the
number of securities requested and otherwise proposed to be included in such registration
exceeds the number which can be sold in such offering without materially and adversely
affecting the offering price of the securities being sold in such registration, then in the
case of any registration pursuant to this Section 2, the Company shall include in such
registration to the extent of the number which the Company is so advised can be sold in
such offering without such material adverse effect, first, the securities, if any,
being sold by the Company, and second, the Registrable Securities of the
Stockholders, on a pro rata basis (based on the number of shares of Registrable Securities
owned by each such Stockholder).

5

 

     The Company shall pay all Registration Expenses in connection with each registration of
Registrable Securities requested pursuant to this Section 2; provided that each seller of
Registrable Securities shall pay (a) all Registration Expenses to the extent required to be paid by
such seller under applicable law and (b) its pro rata share (based on the number of Registrable
Securities included in such offering) of all underwriting discounts and commissions and transfer
taxes, if any. No registration effected under this Section 2 shall relieve the Company from its
obligation to effect registrations under Section 1.1.

     3. Registration Procedures. Subject to Section 1.1(b), if and whenever the Company is
required to use its best efforts to effect the registration of any Registrable Securities under the
Securities Act pursuant to Sections 1.1 or 2, the Company shall promptly:

     (a) prepare, and as soon as practicable, but in any event within 60 days thereafter,
file with the Commission, a registration statement with respect to such Registrable
Securities, make all required filings with FINRA and use its best efforts to cause such
registration statement to become effective as soon as practicable;

     (b) prepare and promptly file with the Commission such amendments and post-effective
amendments and supplements to such registration statement and the prospectus used in
connection therewith as may be necessary to keep such registration statement effective for
so long as is required to comply with the provisions of the Securities Act and to complete
the disposition of all securities covered by such registration statement in accordance with
the intended method or methods of disposition thereof, but (other than in the case of a
Shelf Registration Statement) in no event for a period of more than six months after such
registration statement becomes effective;

     (c) furnish copies of all documents proposed to be filed with the Commission in
connection with such registration to (i) counsel selected by the Kelso
Stockholders, which counsel may also be counsel to the Company, and (ii) each
seller of Registrable Securities (provided, that in the case of the initial filing
of a registration statement, such furnishing of copies may occur within five business days
of such initial filing) and such documents shall be subject to the review of such counsel
(which review shall be reasonably prompt); provided that the Company shall not file
any registration statement or any amendment or post-effective amendment or supplement to
such registration statement or the prospectus used in connection therewith to which such
counsel shall have reasonably objected on the grounds that such registration statement
amendment, supplement or prospectus does not comply (explaining why) in all material

6

 

respects with the requirements of the Securities Act or of the rules or regulations
thereunder;

     (d) furnish to each seller of Registrable Securities, without charge, such number of
conformed copies of such registration statement and of each such amendment and supplement
thereto (in each case including all exhibits and documents filed therewith) and such number
of copies of the prospectus included in such registration statement (including each
preliminary prospectus and any summary prospectus) and any other prospectus filed under
Rule 424 under the Securities Act, in conformity with the requirements of the Securities
Act, and such other documents, as such seller may reasonably request in order to facilitate
the disposition of the Registrable Securities owned by such seller in accordance with the
intended method or methods of disposition thereof;

     (e) use its best efforts to register or qualify such Registrable Securities covered by
such registration statement under the securities or blue sky laws of such jurisdictions as
each seller shall reasonably request, and do any and all other acts and things which may be
necessary or advisable to enable such seller to consummate the disposition of such
Registrable Securities in such jurisdictions in accordance with the intended method or
methods of disposition thereof; provided that the Company shall not for any such
purpose be required to qualify generally to do business as a foreign corporation in any
jurisdiction wherein it is not so qualified, subject itself to taxation in any jurisdiction
wherein it is not so subject, or take any action which would subject it to general service
of process in any jurisdiction wherein it is not so subject;

     (f) use its best efforts to cause all Registrable Securities covered by such
registration statement to be registered with or approved by such other governmental
agencies, authorities or self-regulatory bodies as may be necessary by virtue of the
business and operations of the Company to enable the seller or sellers thereof to
consummate the disposition of such Registrable Securities in accordance with the intended
method or methods of disposition thereof;

     (g) in any underwritten offering, furnish to the Kelso Stockholders:

     (i) an opinion of counsel for the Company experienced in securities law
matters, dated the effective date of the registration statement (and, if such
registration includes an underwritten public offering, the date of the closing
under the underwriting agreement), and

     (ii) a “comfort” letter, dated the effective date of such registration
statement (and if such registration includes an underwritten public offering, dated
the date of the closing under the underwriting agreement), signed by the
independent public accountants who have issued an audit

7

 

report on the Company’s financial statements included in the registration
statement,

covering such matters as are customarily covered in opinions of counsel and in accountants’
letters delivered to the underwriters in underwritten public offerings of securities and
such other matters as the Kelso Stockholders may reasonably request;

     (h) notify each seller of any Registrable Securities covered by such registration
statement at any time when a prospectus relating thereto is required to be delivered under
the Securities Act of the happening of any event or existence of any fact as a result of
which the prospectus included in such registration statement, as then in effect, includes
an untrue statement of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the
circumstances then existing, (i) in the case of a Shelf Registration Statement, if
a Stockholder has provided notice of an intent to sell, within five Business Days of such
notice and (ii) in the case of any other registration statement hereunder, as
promptly as is practicable but in any event, no later than 30 days after the Company
receives notice of such event(s) or fact(s) (except in the case of clause (i) or (ii) to
the extent the Company delivers a Material Event Notice, in which case such period may be
up to 60 days but shall end upon public disclosure of the material transaction which
necessitated such Material Event Notice), prepare and furnish to such seller a reasonable
number of copies of a supplement to or an amendment of such prospectus as may be necessary
so that, as thereafter delivered to the purchasers of such securities, such prospectus
shall not include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in
light of the circumstances then existing;

     (i) otherwise comply with all applicable rules and regulations of the Commission, and
make available to its security holders, as soon as reasonably practicable, an earnings
statement of the Company (in form complying with the provisions of Rule 158 under the
Securities Act) covering the period of at least 12 months, but not more than 18 months,
beginning with the first month after the effective date of such registration statement;

     (j) notify each seller of any Registrable Securities covered by such registration
statement (i) when the prospectus or any prospectus supplement or post-effective
amendment has been filed, and, with respect to such registration statement or any
post-effective amendment, when the same has become effective, (ii) of any request
by the Commission for amendments or supplements to such registration statement or to amend
or to supplement such prospectus or for

8

 

additional information, (iii) of the issuance by the Commission of any stop
order suspending the effectiveness of such registration statement or the initiation of any
proceedings for that purpose and (iv) of the suspension of the qualification of
such securities for offering or sale in any jurisdiction, or of the institution of any
proceedings for any of such purposes;

     (k) use every reasonable effort to obtain the lifting of any stop order that might be
issued suspending the effectiveness of such registration statement at the earliest possible
moment;

     (l) use its best efforts (i) (A) to list such Registrable Securities
on any securities exchange on which the equity securities of the Company are then listed
or, if no such equity securities are then listed, on an exchange selected by the Company,
if such listing is then permitted under the rules of such exchange, or (B) if such
listing is not practicable, to secure designation of such securities as a NASDAQ “national
market system security” within the meaning of Rule 11Aa2-1 under the Exchange Act or,
failing that, to secure NASDAQ authorization for such Registrable Securities, and, without
limiting the foregoing, to arrange for at least two market makers to register as such with
respect to such Registrable Securities with FINRA, and (ii) to provide an
independent transfer agent and registrar for such Registrable Securities not later than the
effective date of such registration statement and to instruct such transfer agent
(A) to release any stop transfer order with respect to the certificates with
respect to the Registrable Securities being sold and (B) to furnish certificates
without restrictive legends representing ownership of the shares being sold, in such
denominations requested by the sellers of the Registrable Securities or the lead
underwriter;

     (m) enter into such agreements and take such other actions as the sellers of
Registrable Securities or the underwriters reasonably request in order to expedite or
facilitate the disposition of such Registrable Securities, including, without limitation,
preparing for, and participating in, such number of “road shows” and all such other
customary selling efforts as the underwriters reasonably request in order to expedite or
facilitate such disposition;

     (n) furnish to any holder of such Registrable Securities, and to any underwriter,
counsel, accountant or other agent retained by such holder or underwriter on a confidential
basis such information and assistance as such holder or underwriter may reasonably request
in connection with any “due diligence” effort which such seller deems appropriate; and

     (o) use its best efforts to take all other steps necessary to effect the registration
of such Registrable Securities contemplated hereby.

9

 

          As a condition to its registration of Registrable Securities of any prospective seller, the
Company may require such seller of any Registrable Securities as to which any registration is being
effected to execute powers-of-attorney, custody arrangements and other customary agreements
appropriate to facilitate the offering and to furnish to the Company such information regarding
such seller, its ownership of Registrable Securities and the disposition of such Registrable
Securities as the Company may from time to time reasonably request in writing and as shall be
required by law in connection therewith. Each such holder agrees to furnish promptly to the
Company all information required to be disclosed in order to make the information previously
furnished to the Company by such holder not materially misleading.

          The Company agrees not to file or make any amendment to any registration statement with
respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in
connection therewith, which refers to any holder of Registrable Securities, or otherwise identifies
any holder of Registrable Securities as the holder of any Registrable Securities, without the
consent of such holder, such consent not to be unreasonably withheld or delayed, unless such
disclosure is required by law, in which case the Company will provide written notice to such holder
no less than five days prior to such amendment of or supplement to the prospectus.

          By acquisition of Registrable Securities, each holder of such Registrable Securities shall be
deemed to have agreed that upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 3(h), such holder will promptly discontinue such holder’s
disposition of Registrable Securities pursuant to the registration statement covering such
Registrable Securities until such holder’s receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(h). If so directed by the Company, each holder of Registrable
Securities will deliver to the Company (at the Company’s expense) all copies, other than permanent
file copies, in such holder’s possession of the prospectus covering such Registrable Securities at
the time of receipt of such notice. In the event that the Company shall give any such notice, the
period mentioned in Section 3(a) shall be extended by the number of days during the period from and
including the date of the giving of such notice to and including the date when each seller of any
Registrable Securities covered by such registration statement shall have received the copies of the
supplemented or amended prospectus contemplated by Section 3(h).

     4. Underwritten Offerings.

     4.1 Underwriting Agreement. If requested by the underwriters for any underwritten
offering pursuant to a registration requested under Section 1.1 or 2 (including any Take-down
Transaction), the Company shall enter into an underwriting agreement with the underwriters for such
offering, such agreement to be reasonably satisfactory in substance and form to the underwriters
and to the Kelso Stockholders.

10

 

Any such underwriting agreement shall contain such representations and warranties by the
Company and such other terms and provisions as are customarily contained in agreements of this
type, including, without limitation, indemnities to the effect and to the extent provided in
Section 8. Each holder of Registrable Securities to be distributed by such underwriter who owns
10% or more of the Common Stock (computed on a fully diluted basis) at the time of such offering
and any other holder of Registrable Securities selling shares of Common Stock in such underwritten
offering requested by such underwriter shall be a party to such underwriting agreement and may, at
such holder’s option, require that any or all of the representations and warranties by, and the
agreements on the part of, the Company to and for the benefit of such underwriters be made to and
for the benefit of such holder of Registrable Securities and that any or all of the conditions
precedent to the obligations of such underwriters under such underwriting agreement shall also be
conditions precedent to the obligations of such holder of Registrable Securities. No Stockholder
in its capacity as stockholder and/or controlling person (but not in its capacity as a director or
officer of the Company) shall be required by any underwriting agreement to make any representations
or warranties to or agreements with the Company or the underwriters other than representations,
warranties or agreements regarding such holder, the ownership of such holder’s Registrable
Securities and such holder’s intended method or methods of disposition and any other representation
required by law or to furnish any indemnity to any Person which is broader than the indemnity
furnished by such holder pursuant to Section 8.2.

     4.2 Selection of Underwriters. If the Company at any time proposes to register any of
its securities under the Securities Act for sale for its own account pursuant to an underwritten
offering, the Company will have the right to select the managing underwriter (which shall be of
nationally recognized standing) to administer the offering, with consent of the Kelso Stockholders,
such consent not to be unreasonably withheld. Notwithstanding the foregoing sentence, whenever a
registration requested pursuant to Section 1.1 is for an underwritten offering, the Kelso
Stockholders will have the right to select the managing underwriter (which shall be of nationally
recognized standing) to administer the offering, but only with the approval of the Company, such
approval not to be unreasonably withheld.

     5. Holdback Agreements.

     (a) If and whenever the Company proposes to register any of its equity securities
under the Securities Act for its own account (other than pursuant to (i) a
registration on Form S-4 or S-8 or any successor form or (ii) a registration of
securities which are a combination of debt and equity) or is required to use its best
efforts to effect the registration of any Registrable Securities under the Securities Act
pursuant to Section 1.1 or 2, each (x) Kelso Stockholder, upon written request of the
managing underwriter for any underwritten offering, agrees and (y) holder of Registrable
Securities (other than the Kelso Stockholders) agrees by acquisition

11

 

of such Registrable Securities not to effect any sale or distribution, including any
sale pursuant to Rule 144 under the Securities Act, or to request registration under
Section 1.1 of any Registrable Securities within seven days prior to and 90 days (unless
advised by the managing underwriter that a longer period, not to exceed 180 days, is
required, or such shorter period as the managing underwriter for any underwritten offering
may agree) after the effective date of the registration statement relating to such
registration (the “Trigger Date”), except as part of such registration or unless,
in the case of a sale or distribution not involving a public offering, the transferee
agrees in writing to be subject to this Section 5, even if such Registrable Securities
cease to be Registrable Securities upon such transfer; provided that, with respect
to any Shelf Registration Statement, the Trigger Date shall be the pricing of any offering
made under such registration statement. If requested by such managing underwriter, each
holder of Registrable Securities agrees to execute an agreement to such effect with the
Company and consistent with such managing underwriter’s customary form of holdback
agreement.

     (b) The Company agrees not to effect any public sale or distribution of its equity
securities or securities convertible into or exchangeable or exercisable for any of such
securities within seven days prior to and 90 days (or such longer period, not to exceed 180
days, which may be required by the managing underwriter, or such shorter period as the
managing underwriter may agree) after the Trigger Date with respect to any registration
statement filed pursuant to Section 1.1 (except (i) as part of such registration,
(ii) as permitted by any related underwriting agreement, (iii) pursuant to
an employee equity compensation plan, (iv) pursuant to an acquisition or strategic
relationship, bank or equipment financing or similar transaction, (v) pursuant to a
registration on Form S-4 or S-8 or any successor form and (vi) pursuant to a
registration of securities which are a combination of debt and equity; provided
that, with respect to any Shelf Registration Statement, the Trigger Date shall be the
pricing of any offering made under such registration statement. In addition, if, and to
the extent requested by the managing underwriter, the Company shall use its best efforts to
cause each holder (other than any holder already subject to Section 5(a)) of its equity
securities or any securities convertible into or exchangeable or exercisable for any of
such securities, whether outstanding on the date of this Agreement or issued at any time
after the date of this Agreement (other than any such securities acquired in a public
offering), to agree not to effect any such public sale or distribution of such securities
during such period, except as part of any such registration if permitted, and to cause each
such holder to enter into an agreement to such effect with the Company and consistent with
such managing underwriter’s customary form of holdback agreement.

12

 

     6. Preparation; Reasonable Investigation. In connection with the preparation and
filing of each registration statement registering Registrable Securities under the Securities Act,
the Company shall give the underwriters, counsel to such underwriters and counsel referred to in
clause (c) of Section 3 the opportunity to participate in the preparation of such registration
statement, each prospectus included therein or filed with the Commission, and each amendment
thereof or supplement thereto, and shall give such counsel access to the financial and other
records, pertinent corporate documents and properties of the Company and its subsidiaries and
opportunities to discuss the business of the Company with its officers and the independent public
accountants who have issued audit reports on its financial statements in each case as shall be
reasonably requested by such underwriters, counsel to such underwriters, accountants, agents and
counsel for holders of Registrable Securities in connection with such registration statement.

     7. No Grant of Future Registration Rights. Except for Persons who become party to
this Agreement in accordance with Section 11.5, the Company shall not grant any other demand or
piggyback registration rights to any other Person without the prior written consent of the Kelso
Stockholders.

     8. Indemnification.

     8.1 Indemnification by the Company. In the event of any registration of any
Registrable Securities pursuant to this Agreement, the Company shall indemnify, defend and hold
harmless (a) each seller of such Registrable Securities, (b) the directors,
members, stockholders, officers, partners, employees, agents and Affiliates of such seller,
(c) each Person who participates as an underwriter in the offering or sale of such
securities and (d) each person, if any, who controls (within the meaning of Section 15 of
the Securities Act or Section 20 of the Exchange Act) any of the foregoing (“Controlling
Persons”) against any and all losses, claims, damages or liabilities (or actions or proceedings
in respect thereof), jointly or severally, directly or indirectly, based upon or arising out of
(i) any untrue statement or alleged untrue statement of a fact contained in any
registration statement under which such Registrable Securities were registered under the Securities
Act, any preliminary prospectus, final prospectus, summary prospectus or free writing prospectus
(when taken together with the related prospectus) contained therein or used in connection with the
offering of securities covered thereby, offering circular, notification, pricing disclosure or like
document, or any amendment or supplement to any of the foregoing, or (ii) any omission or
alleged omission to state a fact required to be stated therein or necessary to make the statements
therein not misleading; and the Company will reimburse each such indemnified party for any legal or
any other expenses reasonably incurred by them in connection with enforcing its rights hereunder or
under the underwriting agreement entered into in connection with such offering or investigating,
preparing, pursuing or defending any such loss, claim, damage, liability, action or proceeding,
except insofar as any such loss, claim, damage, liability, action, proceeding or expense arises out
of or is based upon an untrue statement or

13

 

omission made in such registration statement, any such preliminary prospectus, final
prospectus, summary prospectus, free writing prospectus, offering circular, notification, pricing
disclosure, like document or amendment or supplement in reliance upon and in conformity with
written information furnished to the Company by such seller or any of its Controlling Persons
expressly for use in the preparation thereof in accordance with the second sentence of Section 8.2.
Such indemnity shall remain in full force and effect, regardless of any investigation made by such
indemnified party and shall survive the transfer of such Registrable Securities by such seller. If
the Company is entitled to, and does, assume the defense of the related action or proceedings
provided herein, then the indemnity agreement contained in this Section 8.1 shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability, action or proceeding if such
settlement is effected without the consent of the Company (which consent shall not be unreasonably
withheld or delayed).

     8.2 Indemnification by the Sellers. The Company may require as a condition to
including any Registrable Securities in any registration statement filed pursuant to Section 1.1,
or 2 (including any Take-down Transaction) that the Company shall have received an undertaking
satisfactory to it from each of the prospective sellers of such Registrable Securities to indemnify
and hold harmless, severally, not jointly, in the same manner and to the same extent as set forth
in Section 8.1, the Company, its directors, officers, employees, agents and each person, if any,
who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act) the Company, with respect to any statement or alleged statement in or omission or alleged
omission from such registration statement, any preliminary prospectus, final prospectus, summary
prospectus or free writing prospectus (when taken together with the related prospectus) contained
therein, offering circular, notification, pricing disclosure or like document, or any amendment or
supplement to any of the foregoing, if such statement or alleged statement or omission or alleged
omission was made in reliance upon and in conformity with written information furnished to the
Company by such seller expressly for use in the preparation of such registration statement,
preliminary prospectus, final prospectus, summary prospectus, free writing prospectus, amendment or
supplement. The Company and the holders of the Registrable Securities in their capacities as
stockholders and/or controlling persons (but not in their capacities as managers of the Company)
hereby acknowledge and agree that, unless otherwise expressly agreed to in writing by such holders,
the only information furnished or to be furnished to the Company for use in any registration
statement, preliminary prospectus, final prospectus, summary prospectus, free writing prospectus,
offering circular, notification, pricing disclosure or like document relating to the Registrable
Securities or in any amendment, supplement or preliminary materials associated therewith are
statements specifically relating to (a) the beneficial ownership of shares of Common Stock
by such holder and its Affiliates and (b) the name and address of such holder and its
Affiliates. If any additional information about such holder or the plan of distribution (other
than for an underwritten offering) is specifically required by law to be disclosed in any such
document, then such holder shall not

14

 

unreasonably withhold its agreement referred to in the immediately preceding sentence of this
Section 8.2. Such indemnity shall remain in full force and effect, regardless of any investigation
made by or on behalf of the Company or any such director, officer or controlling person and shall
survive the transfer of such Registrable Securities by such seller. The indemnity agreement
contained in this Section 8.2 shall not apply to amounts paid in settlement of any such loss,
claim, damage, liability, action or proceeding if such settlement is effected without the consent
of such seller (which consent shall not be unreasonably withheld or delayed). The indemnity
provided by each seller of Registrable Securities under this Section 8.2 shall be limited in amount
to the net amount of proceeds actually received by such seller from the sale of Registrable
Securities pursuant to such registration statement (or prospectus, as applicable).

     8.3 Notices of Claims, etc. Promptly after receipt by an indemnified party of notice
of the commencement of any action or proceeding involving a claim referred to in the preceding
paragraphs of this Section 8, such indemnified party shall, if a claim in respect thereof is to be
made against an indemnifying party, give written notice to the indemnifying party of the
commencement of such action or proceeding; provided that the failure of any indemnified
party to give notice as provided herein shall not relieve the indemnifying party of its obligations
under the preceding paragraphs of this Section 8, except to the extent that the indemnifying party
is materially prejudiced by such failure to give notice. In case any such action is brought
against an indemnified party, the indemnifying party shall be entitled to participate therein and
to assume the defense thereof, jointly with any other indemnifying party similarly notified, to the
extent that it may wish, with counsel reasonably satisfactory to such indemnified party, and after
notice from the indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party will not be liable to such indemnified party for any legal
or other expenses subsequently incurred by the latter in connection with the defense thereof except
for the reasonable fees and expenses of any counsel retained by such indemnified party to monitor
such action or proceeding. Notwithstanding the foregoing, if such indemnified party reasonably
determines, based upon advice of independent counsel, that a conflict of interest may exist between
the indemnified party and the indemnifying party with respect to such action and that it is
advisable for such indemnified party to be represented by separate counsel, such indemnified party
may retain other counsel, reasonably satisfactory to the indemnifying party, to represent such
indemnified party, and the indemnifying party shall pay all reasonable fees and expenses of such
counsel. No indemnifying party, in the defense of any such claim or litigation, shall, except with
the consent of such indemnified party, which consent shall not be unreasonably withheld, consent to
entry of any judgment or enter into any settlement which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such indemnified party of a release from all
liability in respect of such claim or litigation.

15

 

     8.4 Other Indemnification. Indemnification similar to that specified in the preceding
paragraphs of this Section 8 (with appropriate modifications) shall be given by the Company and
each seller of Registrable Securities with respect to any required registration (other than under
the Securities Act) or other qualification of such Registrable Securities under any federal or
state law or regulation of any governmental authority.

     8.5 Indemnification Payments. Any indemnification required to be made by an
indemnifying party pursuant to this Section 8 shall be made by periodic payments to the indemnified
party during the course of the action or proceeding, as and when bills are received by such
indemnifying party with respect to an indemnifiable loss, claim, damage, liability or expense
incurred by such indemnified party.

     8.6 Other Remedies. If for any reason any indemnification specified in the preceding
paragraphs of this Section 8 is unavailable, or is insufficient to hold harmless an indemnified
party, other than by reason of the exceptions provided therein, then the indemnifying party shall
contribute to the amount paid or payable by the indemnified party as a result of such losses,
claims, damages, liabilities, actions, proceedings or expenses in such proportion as is appropriate
to reflect the relative benefits to and relative fault of the indemnifying party, on the one hand,
and the indemnified party on the other hand, in connection with the statements or omissions or
alleged statements or omissions which resulted in such losses, claims, damages, liabilities,
actions, proceedings or expenses, as well as any other relevant equitable considerations. The
relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue statement of a material fact or the omission
to state a material fact relates to information supplied by the indemnifying party or by the
indemnified party and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statements or omissions. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation.
Notwithstanding the other provisions of this Section 8, in respect of any claim for indemnification
pursuant to this Section 8, no indemnifying party (other than the Company) shall be required to
contribute pursuant to this Section 8.6 any amount in excess of (a) the net proceeds
received and retained by such indemnifying party from the sale of its Registrable Securities
covered by the applicable registration statement, preliminary prospectus, final prospectus or
supplement or amendment thereto, filed pursuant hereto, minus (b) any amounts
previously paid by such indemnifying party pursuant to this Section 8 in respect of such claim, it
being understood that insofar as such net proceeds have been distributed by any indemnifying party
to its partners, stockholders or members, the amount of such indemnifying party’s contribution
hereunder shall be limited to the net proceeds which it actually recovers from its partners,
stockholders or members based upon their relative fault and that to the extent that such
indemnifying party has not distributed such net proceeds, the amount such indemnifying

16

 

party’s contribution hereunder shall be limited by the percentage of such net proceeds which
corresponds to the percentage equity interests in such indemnifying party held by those of its
partners, stockholders or members who have been determined to be at fault. No party shall be
liable for contribution under this Section 8.6 except to the extent and under such circumstances as
such party would have been liable for indemnification under this Section 8 if such indemnification
were enforceable under applicable law.

     9. Representations and Warranties. Each Stockholder represents and warrants to the
Company and each other Stockholder, as of the date such Stockholder becomes a party to this
Agreement, that:

     (a) such Stockholder has the power, authority and capacity (or, in the case of any
Stockholder that is a corporation, limited liability company or limited partnership, all
corporate, limited liability company or limited partnership power and authority, as the
case may be) to execute, deliver and perform this Agreement;

     (b) in the case of a Stockholder that is a corporation, limited liability company or
limited partnership, the execution, delivery and performance of this Agreement by such
Stockholder has been duly and validly authorized and approved by all necessary corporate,
limited liability company or limited partnership action, as the case may be;

     (c) this Agreement has been duly and validly executed and delivered by such
Stockholder and constitutes a valid and legally binding obligation of such Stockholder,
enforceable in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting or relating to creditors’ rights
generally and general principles of equity; and

     (d) the execution, delivery and performance of this Agreement by such Stockholder does
not and will not violate the terms of or result in the acceleration of any obligation under
(i) any material contract, commitment or other material instrument to which such
Stockholder is a party or by which such Stockholder is bound or (ii) in the case of
a Stockholder that is a corporation, limited liability company or limited partnership, the
certificate of incorporation, certificate of formation, certificate of limited partnership,
by-laws, limited liability company agreement or limited partnership agreement, as the case
may be.

     10. Definitions. For purposes of this Agreement, the following terms shall have the
following respective meanings:

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

17

 

          Board: the board of directors of the Company.

          Business Day: means any day on which banks are not required or authorized to close in
the City of New York.

          Commission: the Securities and Exchange Commission.

          Common Stock: the Common Stock of the Company, par value $.01 per share, or any other
securities of the Company or any other Person issued with respect to such Common Stock by way of a
conversion, exchange, replacement, stock dividend or stock split or other distribution in
connection with a combination of shares, conversion exchange, replacement, recapitalization,
merger, consolidation or other reorganization or otherwise.

          Exchange Act: the Securities Exchange Act of 1934, as amended, or any successor
federal statute, and the rules and regulations thereunder which shall be in effect at the time.

          FINRA: Financial Industry Regulatory Authority, Inc.

          IPO: an underwritten initial public offering of Common Stock having an aggregate
offering value (measured by the Company’s proceeds before underwriters’ discounts and selling
commissions) of at least $50 million and after which an established trading market exists for the
Common Stock.

          Material Event Notice: a certificate signed by the President of the Company stating
that the Company has pending or in process, as of the date of such certificate, a material
transaction (including, but not limited to, a financing transaction), the disclosure of which
would, in the good faith judgment of the Board, materially and adversely affect the Company.

          NASDAQ: the Nasdaq National Market.

          Person: an individual, corporation, partnership, limited liability company, joint
venture, association, trust or other entity or organization, including a government or political
subdivision or an agency or instrumentality thereof.

          Registrable Securities: the shares of Common Stock beneficially owned (within the
meaning of Rule 13d-3 of the Exchange Act) by the Kelso Stockholders, the Management Stockholders,
any other Stockholders or the Permitted Transferees (as such term is defined in Section 11.2),
except for any shares of Common Stock beneficially owned (x) by a
Management Stockholder that were issued to such Management Stockholder pursuant to an effective
registration statement under the Securities Act on Form S-8 or (y) by a Stockholder
(excluding Kelso Stockholders) that may be sold by

18

 

such Stockholder pursuant to Rule 144 under the Securities Act (or any similar provision then
in force under the Securities Act). As to any particular shares of Common Stock, such securities
shall cease to be Registrable Securities when (i) a registration statement with respect to
the sale of such securities shall have become effective under the Securities Act and such
securities shall have been disposed of in accordance with such registration statement, (ii)
in the case of Stock held by a Management Stockholder, a registration statement on Form S-8 with
respect to the sale of such securities shall have become effective under the Securities Act,
(iii) they shall have been sold to the public pursuant to Rule 144 under the Securities Act
(or any similar provision then in force under the Securities Act) such that the further disposition
of such Shares by the transferee or assignee is not further restricted under the Securities Act,
(iv) they shall have been otherwise transferred other than to a Permitted Transferee and
subsequent disposition of them shall not require registration or qualification of them under the
Securities Act or any similar state law then in force or (v) they shall have ceased to be
outstanding. Any and all shares of Common Stock which may be issued in respect of, in exchange
for, or in substitution for any Registrable Securities, whether by reason of any stock split, stock
dividend, reverse stock split, recapitalization, combination or otherwise, shall also be
“Registrable Securities” hereunder.

          Registration Expenses: all expenses incident to the Company’s performance of or
compliance with any registration pursuant to this Agreement, including, without limitation,
(i) registration, filing and FINRA fees, (ii) fees and expenses of complying with
securities or blue sky laws, (iii) fees and expenses associated with listing securities on
an exchange or NASDAQ, (iv) word processing, duplicating and printing expenses, (v)
messenger and delivery expenses, (vi) transfer agents’, trustees’, depositories’,
registrars’ and fiscal agents’ fees, (vii) fees and disbursements of counsel for the
Company and of its independent public accountants, including the expenses of any special audits or
“comfort” letters, (viii) reasonable fees and disbursements of the counsel retained by the
sellers of Registrable Securities, which counsel shall be designated in the manner specified in
Section 3(c), and (ix) any fees and disbursements of underwriters customarily paid by
issuers or sellers of securities, but excluding underwriting discounts and commissions and transfer
taxes, if any.

          Securities Act: the Securities Act of 1933, as amended, or any successor federal
statute, and the rules and regulations thereunder which shall be in effect at the time.

          Stockholders Agreement: the Stockholders Agreement, dated as of the date hereof, as
the same may be amended from time to time, among the Company, the Kelso Stockholders and the
Management Stockholders.

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     11. Miscellaneous.

     11.1 Rule 144, etc. If the Company shall have filed a registration statement pursuant
to the requirements of Section 12 of the Exchange Act or a registration statement pursuant to the
requirements of the Securities Act relating to any class of equity securities, the Company shall
file the reports required to be filed by it under the Securities Act and the Exchange Act and the
rules and regulations adopted by the Commission thereunder, and shall take such further action as
any holder of Registrable Securities may reasonably request, all to the extent required from time
to time to enable such holder to sell Registrable Securities without registration under the
Securities Act within the limitation of the exemptions provided by (a) Rule 144 under the
Securities Act, as such rule may be amended from time to time, or (b) any successor rule or
regulation hereafter adopted by the Commission. Upon the request of any holder of Registrable
Securities, the Company shall deliver to such holder a written statement as to whether it has
complied with such requirements.

     11.2 Successors, Assigns and Transferees. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective permitted successors and assigns
under this Section 11.2. The provisions of this Agreement which are for the benefit of a holder of
Registrable Securities shall be for the benefit of and enforceable by any transferee of such
Registrable Securities; provided that (i) such transferee acquires such Registrable
Securities in accordance with all of the terms of the Stockholders Agreement and this Agreement and
pursuant to an express assignment from the transferor, and (ii) such transferee executes a
joinder agreement agreeing to be bound by all of the transferor’s obligations hereunder, including,
without limitation, Section 5 hereof, copies of which shall have been delivered to the Company
(each such transferee, a “Permitted Transferee”). Notwithstanding anything herein to the
contrary, the Management Stockholders must exercise all rights hereunder on behalf of any of their
Permitted Transferees and all other parties hereto shall be entitled to deal exclusively with the
Management Stockholders and rely on the consent, waiver or any other action by the Management
Stockholders as the consent, waiver or other action, as the case may be, of any such Permitted
Transferees of such Management Stockholders.

     11.3 Stock Splits, etc. Each holder of Registrable Securities agrees that it will
vote to effect a stock split, reverse stock split, recapitalization or combination with respect to
any Registrable Securities in connection with any registration of any Registrable Securities
hereunder, or otherwise, if (i) the managing underwriter shall advise the Company in
writing (or, in connection with an offering that is not underwritten, if an investment banker shall
advise the Company in writing) that in its opinion such a stock split, reverse stock split,
recapitalization or combination would facilitate or increase the likelihood of success of the
offering, and (ii) such stock split, reverse stock split, recapitalization or combination does not
impact the respective ownership percentages of each such holder of Registrable Securities in the
Company.

20

 

The Company shall cooperate in all respects in effecting any such stock split, reverse stock
split, recapitalization or combination.

     11.4 Amendment and Modification. This Agreement may be amended, modified or
supplemented by the Company with the written consent of the Kelso Stockholders and, if applicable,
a majority (by number of shares) of the Stockholders (excluding the Kelso Stockholders) if the
interests of the Stockholders (excluding the Kelso Stockholders) would be materially and adversely
affected by such amendment, modification or supplement; provided that the interests of any
existing Stockholders shall not be materially and adversely affected by an amendment, modification
or supplement of this Agreement that provides for, or has the effect of providing for, an
additional grant of demand registration rights or of piggyback registration rights with a lower or
the same priority as the rights held by such existing Stockholders, as long as any such grant of
piggyback registration rights with the same priority are pari passu with those held by such
existing Stockholders.

     11.5 Additional Stockholders. Notwithstanding anything in this Agreement to the
contrary, the Company may, (i) admit to this Agreement any additional Management
Stockholders who become holders of Common Stock upon exercise of options and (ii) with the
consent of the Kelso Stockholders (and only the consent of the Kelso Stockholders), admit
additional Stockholders to this Agreement; provided, in each case, that any such
Stockholder has become a party to the Stockholders Agreement and executes and delivers to the
Company a joinder agreement to this Agreement in a form to be prescribed by the Company and such
other agreements or documents as may reasonably be requested by the Company.

     11.6 Governing Law, etc. This Agreement and the rights and obligations of the parties
hereunder and the Persons subject hereto shall be governed by, and construed and interpreted in
accordance with, the laws of the State of Delaware, without giving effect to the choice of law
principles thereof.

     11.7 Invalidity of Provision. The invalidity or unenforceability of any provision of
this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder
of this Agreement in that jurisdiction or the validity or enforceability of this Agreement,
including that provision, in any other jurisdiction.

     11.8 Notices. All notices, requests, demands, letters, waivers and other
communications required or permitted to be given under this Agreement shall be in writing and shall
be deemed to have been duly given if (a) delivered personally, (b) mailed,
certified or registered mail with postage prepaid, (c) sent by next-day or overnight mail
or delivery, (d) sent by fax or (e) sent by email with a response confirming
receipt, as follows:

21

 

(i)  If to the Company:

Roadhouse Holding Inc.

3011 Armory Drive, Suite 300

Nashville, TN 37204

Attention: Amy Bertauski

Facsimile No.: (615) 885-9057

Email: amyb@logansroadhouse.com

with copies to (which shall not constitute notice):

Kelso & Company

320 Park Avenue, 24th Floor

New York, New York 10022

Attention: James J. Connors II, Esq.

Facsimile No.: (212) 751-3939

Email: jconnors@kelso.com

and

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: Margaret A. Davenport, Esq.

Facsimile No.: (212) 909-6836

Email: madavenport@debevoise.com

(ii)  If to either or both of the Kelso Stockholders:

c/o Kelso & Company

320 Park Avenue, 24th Floor

New York, New York 10022

Attention: James J. Connors II, Esq.

Facsimile No.: (212) 751-3939

Email: jconnors@kelso.com

22

 

with a copy to (which shall not constitute notice):

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: Margaret A. Davenport, Esq.

Facsimile No.: (212) 909-6836

Email: madavenport@debevoise.com

     (iii) If to any other Stockholder, to the address set forth on such Stockholder’s
signature page hereto, or the signature page of such Stockholder’s joinder agreement, as
the case may be,

or to such other Person or address as any party shall specify by notice in writing to the Company.
All such notices, requests, demands, letters, waivers and other communications shall be deemed to
have been received (w) if by personal delivery on the day after such delivery, (x)
if by certified or registered mail, on the fifth business day after the mailing thereof,
(y) if by next-day or overnight mail or delivery, on the day delivered, or (z) if
by fax, on the day delivered; provided that such delivery is confirmed.

     11.9 Headings; Execution in Counterparts. The headings and captions contained herein
are for convenience and shall not control or affect the meaning or construction of any provision
hereof. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original and which together shall constitute one and the same instrument.

     11.10 Injunctive Relief. Each of the parties recognizes and agrees that money damages
may be insufficient and, therefore, in the event of a breach of any provision of this Agreement the
aggrieved party may elect to institute and prosecute proceedings in any court of competent
jurisdiction to enforce specific performance or to enjoin the continuing breach of this Agreement.
Such remedies shall, however, be cumulative and not exclusive, and shall be in addition to any
other remedy which such party may have. Each Stockholder irrevocably submits to the nonexclusive
jurisdiction of the state and federal courts in New York for the purposes of any suit, action or
other proceeding arising out of or based upon this Agreement or the subject matter hereof. Each
Stockholder hereby consents to service of process made in accordance with Section 11.8.

     11.11 Term. This Agreement shall be effective as of the date hereof and shall
continue in effect thereafter until the earlier of (a) its termination by the consent of
the parties hereto or their respective successors in interest and (b) the date on which no
Registrable Securities remain outstanding; provided that, the parties’ respective rights
and obligations under Section 8 shall survive the termination of this Agreement.

23

 

     11.12 Further Assurances. Subject to the specific terms of this Agreement, each of
the Company and the Stockholders shall make, execute, acknowledge and deliver such other
instruments and documents, and take all such other actions, as may be reasonably required in order
to effectuate the purposes of this Agreement and to consummate the transactions contemplated
hereby.

     11.13 No Third Party Beneficiaries. Except as provided in Section 7 with respect to
indemnified parties, this Agreement is not intended to confer upon any Person not a party hereto
any rights or remedies hereunder.

     11.14 Entire Agreement. This Agreement, the Stockholders Agreement, the Subscription
Agreements (as defined in the Stockholders Agreement) and any agreements entered into in connection
with any of the foregoing constitute the entire agreement and the understanding of the parties
hereto with the matters referred to herein. This Agreement and the agreements referred to in the
preceding sentence supersede all prior agreements and understandings between the parties with
respect to such matters.

24

 

     IN WITNESS WHEREOF, this Agreement has been signed by each of the parties hereto, and shall be
effective as of the date first above written.

	 	 	 	 	 
	 	ROADHOUSE HOLDING INC.

 	 
	 	By:  	/s/
George T. Vogel	 
	 	 	Name:  	George Thomas Vogel	 
	 	 	Title:  	CEO	 
	 

KELSO INVESTMENT ASSOCIATES VIII, L.P.

By: Kelso GP VIII, L.P., its general partner

By: Kelso GP VIII, LLC, its general partner

	 	 	 	 	 
	 	 	 
	 	By:  	/s/
James J. Connors II	 
	 	 	Name:  	James J. Connors II, Esq. 	 
	 	 	Title:  	Managing Member 	 
	 
	 	KEP VI, LLC

 	 
	 	By:  	/s/
James J. Connors II	 
	 	 	Name:  	James J. Connors II, Esq. 	 
	 	 	Title:  	Managing Member

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