Document:

Exhibit 4.4

 

 

REGISTRATION RIGHTS AGREEMENT

 

Dated as of August 23, 2006

 

Among

 

TDS INVESTOR CORPORATION

 

the Guarantors listed herein

 

and

 

LEHMAN BROTHERS INC., 

UBS SECURITIES LLC

 

and

 

CREDIT SUISSE SECURITIES (USA) LLC

 

117/8% Dollar Senior Subordinated Notes due 2016

107/8% Euro Senior Subordinated Notes due 2016

 

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  1.

  	
  Definitions

  	
  1

  
	
   

  	
   

  	
   

  
	
  2.

  	
  Exchange
  Offer

  	
  5

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Shelf
  Registration

  	
  8

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Additional
  Interest

  	
  9

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Registration
  Procedures

  	
  10

  
	
   

  	
   

  	
   

  
	
  6.

  	
  Registration
  Expenses

  	
  17

  
	
   

  	
   

  	
   

  
	
  7.

  	
  Indemnification
  and Contribution

  	
  18

  
	
   

  	
   

  	
   

  
	
  8.

  	
  Rules 144
  and 144A

  	
  22

  
	
   

  	
   

  	
   

  
	
  9.

  	
  Underwritten
  Registrations

  	
  22

  
	
   

  	
   

  	
   

  
	
  10.

  	
  Miscellaneous

  	
  22

  

 

i

 

REGISTRATION RIGHTS
AGREEMENT

 

This Registration Rights
Agreement (this “Agreement”) is dated as of August 23, 2006, among
TDS INVESTOR CORPORATION, a Delaware corporation (the “Issuer”), the
guarantors listed on Schedule I hereto (the “Guarantors”)
and LEHMAN BROTHERS INC., UBS SECURITIES LLC and CREDIT SUISSE SECURITIES (USA)
LLC, as representatives (the “Representatives”) of the several initial
purchasers (the “Initial Purchasers”) named on Schedule I to
the Purchase Agreement (as defined below).

 

This Agreement is entered
into in connection with the Purchase Agreement, dated as of August 11,
2006 (the “Purchase Agreement”), by and among the Issuer, TDS Investor
(Bermuda) Ltd., a Bermuda corporation, Waltonville Ltd., a Gibraltar
corporation, and the Initial Purchasers, which provides for, among other
things, the sale by the Issuer to the Initial Purchasers of $150,000,000
aggregate principal amount of the Issuer’s Senior Dollar Floating Rate Notes
due 2014 (the “Senior Dollar Floating Rate Notes”), €235,000,000
aggregate principal amount of the Issuer’s Senior Euro Floating Rate Notes due
2014 (the “Senior Euro Floating Rate Notes” and, together with the
Senior Dollar Floating Rate Notes, the “Floating Rate Notes”),
$450,000,000 aggregate principal amount of the Issuer’s 97/8% Senior Dollar Fixed Rate Notes due 2014 (the “Fixed Rate Notes”
and together with the Floating Rate Notes, the “Senior Notes”) and
$300,000,000 aggregate principal amount of the Issuer’s 117/8% Dollar Senior Subordinated Notes due 2016 (the “Dollar Senior
Subordinated Notes”) and €160,000,000 aggregate principal amount of the
Issuer’s 107/8% Euro Senior Subordinated Notes due 2016
(the “Euro Senior Subordinated Notes” and, together with the Dollar
Senior Subordinated Notes, the “Notes”). The Notes are issued under an
indenture, dated as of the date hereof (as amended or supplemented from time to
time, the “Indenture”), among the Issuer, the Guarantors and The Bank of
Nova Scotia Trust Company of New York, as trustee (the “Trustee”).
Pursuant to the Purchase Agreement and the Indenture, the Guarantors are
required to guarantee (collectively, the “Guarantees”) the Issuer’s
obligations under the Notes and the Indenture. References to the “Securities”
shall mean, collectively, the Notes and, when issued, the Guarantees. In order
to induce the Initial Purchasers to enter into the Purchase Agreement, the
Issuer has agreed to provide the registration rights set forth in this
Agreement for the benefit of the Initial Purchasers and any subsequent holder
or holders of the Securities. The execution and delivery of this Agreement is a
condition to the Initial Purchasers’ obligations under the Purchase Agreement.

 

The parties hereby agree as
follows:

 

1.                                       Definitions

 

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

 

Additional Interest:  See
Section 4(a) hereof.

 

Advice:  See
the last paragraph of Section 5 hereof.

 

Agreement:  See
the introductory paragraphs hereto.

 

Applicable Period:  See
Section 2(b) hereof.

 

Business Day: 
Shall have the meaning ascribed to such term in Rule 14d-1 under
the Exchange Act.

 

Dollar Senior Subordinated
Notes:  See the introductory paragraphs hereto.

 

 

Effectiveness Date:  With
respect to any Shelf Registration Statement, the 90th day after the Filing Date
with respect thereto; provided, however, that if the
Effectiveness Date would otherwise fall on a day that is not a Business Day,
then the Effectiveness Date shall be the next succeeding Business Day.

 

Effectiveness Period:  See
Section 3(a) hereof.

 

Euro Senior Subordinated
Notes:  See the introductory paragraphs hereto.

 

Exchange Act:  The
Securities Exchange Act of 1934, as amended, and the rules and regulations
of the SEC promulgated thereunder.

 

Exchange Notes:  See
Section 2(a) hereof.

 

Exchange Offer:  See
Section 2(a) hereof.

 

Exchange Offer Registration
Statement:  See Section 2(a) hereof.

 

Exchange Securities:  See
Section 2(a) hereof.

 

Filing Date:  The
90th day after the delivery of a Shelf Notice as required pursuant to
Section 2(c) hereof; provided, however, that if the
Filing Date would otherwise fall on a day that is not a Business Day, then the
Filing Date shall be the next succeeding Business Day.

 

Fixed Rate Notes:  See
the introductory paragraphs hereto.

 

Floating Rate Notes:  See
the introductory paragraphs hereto.

 

Guarantees:  See
the introductory paragraphs hereto.

 

Guarantors:  See
the introductory paragraphs hereto.

 

Holder:  Any
holder of a Registrable Security or Registrable Securities.

 

Indenture:  See
the introductory paragraphs hereto.

 

Information:  See
Section 5(n) hereof.

 

Initial Purchasers:  See
the introductory paragraphs hereto.

 

Initial Shelf Registration:  See
Section 3(a) hereof.

 

Inspectors:  See
Section 5(n) hereof.

 

Issue Date: 
August 23, 2006, the date of original issuance of the Notes.

 

Issuer:  See
the introductory paragraphs hereto.

 

NASD:  See
Section 5(r) hereof.

 

Notes:  See
the introductory paragraphs hereto.

 

 

Participant:  See
Section 7(a) hereof.

 

Participating Broker-Dealer:  See
Section 2(b) hereof.

 

Person:  An
individual, trustee, corporation, partnership, limited liability company, joint
stock company, trust, unincorporated association, union, business association,
firm or other legal entity.

 

Private Exchange:  See
Section 2(b) hereof.

 

Private Exchange Notes:  See
Section 2(b) hereof.

 

Prospectus:  The
prospectus included in any Registration Statement (including, without
limitation, any prospectus subject to completion and a prospectus that includes
any information previously omitted from a prospectus filed as part of an
effective registration statement in reliance upon Rule 430A under the
Securities Act and any term sheet filed pursuant to Rule 434 under the
Securities Act), as amended or supplemented by any prospectus supplement, and
all other amendments and supplements to the Prospectus, including
post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such Prospectus.

 

Purchase Agreement:  See
the introductory paragraphs hereof.

 

Records:  See
Section 5(n) hereof.

 

Registrable Securities:  Each
Security upon its original issuance and at all times subsequent thereto, each
Exchange Security as to which Section 2(c)(iv) hereof is applicable
upon original issuance and at all times subsequent thereto and each Private
Exchange Note (and the related Guarantees) upon original issuance thereof and
at all times subsequent thereto, until, in each case, the earliest to occur of
(i) a Registration Statement (other than, with respect to any Exchange Securities
as to which Section 2(c)(iv) hereof is applicable, the Exchange Offer
Registration Statement) covering such Security, Exchange Security or Private
Exchange Note (and the related Guarantees) has been declared effective by the
SEC and such Security, Exchange Security or such Private Exchange Note (and the
related Guarantees), as the case may be, has been disposed of in
accordance with such effective Registration Statement, (ii) such Security
has been exchanged pursuant to the Exchange Offer for an Exchange Security or
Exchange Securities that may be resold without restriction under state and
federal securities laws, (iii) such Security, Exchange Security or Private
Exchange Note (and the related Guarantees), as the case may be, ceases to
be outstanding for purposes of the Indenture or (iv) such Security,
Exchange Security or Private Exchange Note (and the related Guarantees), as the
case may be, may be resold without restriction pursuant to
Rule 144(k) (as amended or replaced) under the Securities Act.

 

Registration Statement:  Any
registration statement of the Issuer that covers any of the Securities, the
Exchange Securities or the Private Exchange Notes (and the related Guarantees)
filed with the SEC under the Securities Act, including, in each case, the
Prospectus, amendments and supplements to such registration statement,
including post-effective amendments, all exhibits, and all material
incorporated by reference or deemed to be incorporated by reference in such
registration statement.

 

Rule 144:  Rule 144 under the Securities Act.

 

Rule 144A: 
Rule 144A under the Securities Act.

 

Rule 405: 
Rule 405 under the Securities Act.

 

 

Rule 415: 
Rule 415 under the Securities Act.

 

Rule 424: 
Rule 424 under the Securities Act.

 

SEC:  The
U.S. Securities and Exchange Commission.

 

Securities:  See
the introductory paragraphs hereto.

 

Securities Act:  The
Securities Act of 1933, as amended, and the rules and regulations of the
SEC promulgated thereunder.

 

Senior Dollar Floating Rate
Notes:  See the introductory paragraphs hereto.

 

Senior Dollar Fixed Rate
Notes:  See the introductory paragraphs hereto.

 

Senior Euro Floating Rate
Notes:  See the introductory paragraphs hereto.

 

Senior Notes:  See
the introductory paragraphs hereto.

 

Shelf Notice:  See
Section 2(c) hereof.

 

Shelf Registration:  See
Section 3(b) hereof.

 

Shelf Registration Statement:  Any
Registration Statement relating to a Shelf Registration.

 

Shelf Suspension Period:  See
Section 3(a) hereof.

 

Subsequent Shelf
Registration:  See Section 3(b) hereof.

 

TIA:  The
Trust Indenture Act of 1939, as amended.

 

Trustee:  The
trustee under the Indenture and the trustee under any indenture (if different)
governing the Exchange Securities and Private Exchange Notes (and the related
Guarantees).

 

Underwritten registration or
underwritten offering:  A registration in which securities of the
Issuer is sold to an underwriter for reoffering to the public.

 

Except as otherwise
specifically provided, all references in this Agreement to acts, laws,
statutes, rules, regulations, releases, forms, no-action letters and other
regulatory requirements (collectively, “Regulatory Requirements”) shall
be deemed to refer also to any amendments thereto and all subsequent Regulatory
Requirements adopted as a replacement thereto having substantially the same
effect therewith; provided that Rule 144 shall not be deemed to
amend or replace Rule 144A.

 

2.                                       Exchange
Offer

 

(a)                                  Unless the Exchange Offer would violate
applicable law or any applicable interpretation of the staff of the SEC, the
Issuer shall use its reasonable best efforts to file with the SEC a
Registration Statement (the “Exchange Offer Registration Statement”) on
an appropriate registration form with respect to a registered offer (the “Exchange
Offer”) to exchange any and all of the Registrable Securities for a like
aggregate principal amount of debt securities of the Issuer (the “Exchange
Notes”), guaranteed, to the extent applicable, on an unsecured senior
subordinated basis by the Guarantors (such guarantees, 

 

 

together with the Exchange Notes, the “Exchange
Securities”), that are identical in all material respects to the Fixed Rate
Notes or Floating Rate Notes, as applicable, except that (i) the Exchange
Notes shall contain no restrictive legend thereon, (ii) interest thereon
shall accrue from the last date on which interest was paid on such Notes or, if
no such interest has been paid, from the Issue Date and (iii) which are
entitled to the benefits of the Indenture or a trust indenture which is
identical in all material respects to the Indenture (other than such changes to
the Indenture or any such identical trust indenture as are necessary to comply
with the TIA) and which, in either case, has been qualified under the TIA. The
Exchange Offer shall comply with all applicable tender offer rules and
regulations under the Exchange Act and other applicable laws. The Issuer shall
use its reasonable best efforts to (x) prepare and file with the SEC the
Exchange Offer Registration Statement with respect to the Exchange Offer;
(y) keep the Exchange Offer open for at least 20 Business Days (or longer
if required by applicable law) after the date that notice of the Exchange Offer
is mailed to Holders; and (z) consummate the Exchange Offer on or prior to
the 360th day following the Issue Date.

 

Each Holder (including,
without limitation, each Participating Broker-Dealer) that participates in the
Exchange Offer, as a condition to participation in the Exchange Offer, will be
required to represent to the Issuer in writing (which may be contained in
the applicable letter of transmittal) that: 
(i) any Exchange Securities acquired in exchange for Registrable
Securities tendered are being acquired in the ordinary course of business of the
Person receiving such Exchange Securities, whether or not such recipient is
such Holder itself; (ii) at the time of the commencement or consummation
of the Exchange Offer neither such Holder nor, to the actual knowledge of such
Holder, any other Person receiving Exchange Securities from such Holder has an
arrangement or understanding with any Person to participate in the distribution
(within the meaning of the Securities Act) of the Exchange Securities in
violation of the provisions of the Securities Act; (iii) neither the
Holder nor, to the actual knowledge of such Holder, any other Person receiving
Exchange Securities from such Holder is an “affiliate” (as defined in
Rule 405) of the Issuer or, if it is an affiliate of the Issuer, it will
comply with the registration and prospectus delivery requirements of the
Securities Act to the extent applicable and will provide information to be
included in the Shelf Registration Statement in accordance with Section 5
hereof in order to have their Securities included in the Shelf Registration
Statement and benefit from the provisions regarding Additional Interest in
Section 4 hereof; (iv) if such Holder is not a broker-dealer, neither
such Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is engaging in or intends to
engage in a distribution of the Exchange Securities; and (v) if such
Holder is a Participating Broker-Dealer, such Holder has acquired the
Registrable Securities for its own account in exchange for Securities that were
acquired as a result of market-making activities or other trading activities
and that it will comply with the applicable provisions of the Securities Act
(including, but not limited to, the prospectus delivery requirements
thereunder).

 

Upon consummation of the
Exchange Offer in accordance with this Section 2, the provisions of this
Agreement shall continue to apply, mutatis  mutandis, solely with
respect to Registrable Securities that are Private Exchange Notes (and the
related Guarantees), Exchange Securities as to which Section 2(c)(iv) is
applicable and Exchange Securities held by Participating Broker-Dealers, and
the Issuer shall have no further obligation to register Registrable Securities
(other than Private Exchange Notes (and the related Guarantees) and Exchange
Securities as to which clause 2(c)(iv) hereof applies) pursuant to
Section 3 hereof.

 

No securities other than the
Exchange Securities and the Senior Notes (and the related guarantees) shall be
included in the Exchange Offer Registration Statement.

 

(b)                                 The Issuer shall include within the
Prospectus contained in the Exchange Offer Registration Statement a
section entitled “Plan of Distribution,” which shall contain a summary
statement of the positions taken or policies made by the staff of the SEC with
respect to the potential “underwriter” 

 

 

status of any broker-dealer that is the
“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act) of
Exchange Notes received by such broker-dealer in the Exchange Offer (a “Participating
Broker-Dealer”), whether such positions or policies have been publicly
disseminated by the staff of the SEC or such positions or policies represent
the prevailing views of the staff of the SEC. Such “Plan of Distribution”
section shall also expressly permit, to the extent permitted by applicable
policies and regulations of the SEC, the use of the Prospectus by all
Participating Broker-Dealers, and include a statement describing the means by
which Participating Broker-Dealers may resell the Exchange Securities in
compliance with the Securities Act.

 

The Issuer shall use its
reasonable best efforts to keep the Exchange Offer Registration Statement
effective and to amend and supplement the Prospectus contained therein in order
to permit such Prospectus to be lawfully delivered by all Persons subject to
the prospectus delivery requirements of the Securities Act for such period of
time as is necessary to comply with applicable law in connection with any
resale of the Exchange Securities; provided, however, that such
period shall not be required to exceed 90 days, such longer period if extended
pursuant to the last paragraph of Section 5 hereof (the “Applicable
Period”).

 

If, prior to consummation of
the Exchange Offer, the Initial Purchasers hold any Notes acquired by them that
have the status of an unsold allotment in the initial distribution, the Issuer,
upon the request of the Initial Purchasers, shall simultaneously with the
delivery of the Exchange Notes issue and deliver to the Initial Purchasers, in
exchange (the “Private Exchange”) for such Notes held by any such
Holder, a like principal amount of notes (the “Private Exchange Notes”)
of the Issuer, guaranteed by the Guarantors, that are identical in all material
respects to the Exchange Notes except for the placement of a restrictive legend
on such Private Exchange Notes. The Private Exchange Notes shall be issued
pursuant to the same indenture as the Exchange Notes and bear the same CUSIP
number as the Exchange Notes if permitted by the CUSIP Service Bureau.

 

In connection with the Exchange
Offer, the Issuer shall:

 

(1)                                  mail, or cause to be mailed, to each Holder
of record entitled to participate in the Exchange Offer a copy of the
Prospectus forming part of the Exchange Offer Registration Statement,
together with an appropriate letter of transmittal and related documents;

 

(2)                                  use their respective reasonable best efforts
to keep the Exchange Offer open for not less than 20 Business Days from the
date that notice of the Exchange Offer is mailed to Holders (or longer if
required by applicable law);

 

(3)                                  utilize the services of a depositary for the
Exchange Offer with an address in the Borough of Manhattan, The City of New
York or in Wilmington, Delaware;

 

(4)                                  permit Holders to withdraw tendered Notes at
any time prior to the close of business, New York time, on the last Business
Day on which the Exchange Offer remains open; and

 

(5)                                  otherwise comply in all material respects
with all laws, rules and regulations applicable to the Exchange Offer.

 

As soon as practicable after
the close of the Exchange Offer and any Private Exchange, the Issuer shall:

 

(1)                                  accept for exchange all Registrable
Securities validly tendered and not validly withdrawn pursuant to the Exchange
Offer and any Private Exchange;

 

 

(2)                                  deliver to the Trustee for cancellation all
Registrable Securities so accepted for exchange; and

 

(3)                                  cause the Trustee to authenticate and deliver
promptly to each Holder of Notes, Exchange Notes or Private Exchange Notes, as
the case may be, equal in principal amount to the Notes of such Holder so
accepted for exchange; provided that, in the case of any Notes held in
global form by a depositary, authentication and delivery to such
depositary of one or more replacement Notes in global form in an
equivalent principal amount thereto for the account of such Holders in
accordance with the Indenture shall satisfy such authentication and delivery
requirement.

 

The Exchange Offer and the
Private Exchange shall not be subject to any conditions, other than that
(i) the Exchange Offer or Private Exchange, as the case may be, does
not violate applicable law or any applicable interpretation of the staff of the
SEC; (ii) no action or proceeding shall have been instituted or threatened
in any court or by any governmental agency which might materially impair the
ability of the Issuer to proceed with the Exchange Offer or the Private
Exchange, and no material adverse development shall have occurred in any
existing action or proceeding with respect to the Issuer; and (iii) all
governmental approvals shall have been obtained, which approvals the Issuer
deem necessary for the consummation of the Exchange Offer or Private Exchange.

 

The Exchange Securities and
the Private Exchange Notes (and related guarantees) shall be issued under
(i) the Indenture or (ii) an indenture identical in all material
respects to the Indenture and which, in either case, has been qualified under
the TIA or is exempt from such qualification and shall provide that the
Exchange Securities shall not be subject to the transfer restrictions set forth
in the Indenture. The Indenture or such indenture shall provide that the
Exchange Notes, the Private Exchange Notes and the Notes shall vote and consent
together on all matters as one class and that none of the Exchange Notes,
the Private Exchange Notes or the Notes will have the right to vote or consent
as a separate class on any matter.

 

(c)                                  If, (i) because of any change in law or
in currently prevailing interpretations of the staff of the SEC, the Issuer is
not permitted to effect the Exchange Offer, (ii) the Exchange Offer is not
consummated within 360 days of the Issue Date, (iii) any holder of
Private Exchange Notes so requests in writing to the Issuer at any time within
30 days after the consummation of the Exchange Offer, or (iv) in the case
of any Holder that participates in the Exchange Offer, such Holder does not
receive Exchange Securities on the date of the exchange that may be sold
without restriction under state and federal securities laws (other than due
solely to the status of such Holder as an affiliate of the Issuer within the
meaning of the Securities Act) and so notifies the Issuer within 30 days after
such Holder first becomes aware of such restrictions, in the case of each of
clauses (i) to and including (iv) of this sentence, then the Issuer
shall promptly deliver to the Trustee (to deliver to the Holders) written
notice thereof (the “Shelf Notice”) and shall file a Shelf Registration
pursuant to Section 3 hereof.

 

3.                                       Shelf
Registration

 

If at any time a Shelf
Notice is delivered as contemplated by Section 2(c) hereof, then:

 

(a)                                  Shelf Registration. The Issuer shall promptly file with the SEC
a Registration Statement for an offering to be made on a continuous basis
pursuant to Rule 415 covering all of the Registrable Securities (the “Initial
Shelf Registration”). The Issuer shall use their reasonable best efforts to
file with the SEC the Initial Shelf Registration on or prior to the Filing
Date. The Initial Shelf Registration shall be on Form S-1 or another
appropriate form permitting registration of such Registrable Securities
for resale by Holders in the manner or manners designated by them (including,
without limitation, one 

 

 

or more underwritten offerings). The Issuer shall not permit any
securities other than the Registrable Securities and the Guarantees and the
Senior Notes and the related guarantees to be included in the Initial Shelf
Registration or any Subsequent Shelf Registration (as defined below).

 

The
Issuer shall use its respective reasonable best efforts to cause the Shelf
Registration to be declared effective under the Securities Act on or prior to
the Effectiveness Date and to keep the Initial Shelf Registration continuously
effective under the Securities Act until the earliest of (i) the date that
is two years from the Issue Date (ii) such shorter period ending when all
Registrable Securities covered by the Initial Shelf Registration have been sold
in the manner set forth and as contemplated in the Initial Shelf Registration
or, if applicable, a Subsequent Shelf Registration or (iii) the date upon
which all Registrable Securities become eligible for resale without regard to
volume, manner of sale or other restrictions contained in Rule 144(k) (the
“Effectiveness Period”); provided, however, that the
Effectiveness Period in respect of the Initial Shelf Registration shall be
extended to the extent required to permit dealers to comply with the applicable
prospectus delivery requirements of Rule 174 under the Securities Act and
as otherwise provided herein. Notwithstanding anything to the contrary in this
Agreement, at any time, the Issuer may delay the filing of any Initial
Shelf Registration Statement or delay or suspend the effectiveness thereof, for
a reasonable period of time, but not in excess of 60 consecutive days or more
than three (3) times during any calendar year (each, a “Shelf
Suspension Period”), if the Board of Directors of the Issuer determines
reasonably and in good faith that the filing of any such Initial Shelf
Registration Statement or the continuing effectiveness thereof would require
the disclosure of non-public material information that, in the reasonable
judgment of the Board of Directors of the Issuer, would be detrimental to the
Issuer if so disclosed or would otherwise materially adversely affect a
financing, acquisition, disposition, merger or other material transaction or
such action is required by applicable law.

 

(b)                                 Withdrawal of Stop Orders; Subsequent Shelf
Registrations. If the
Initial Shelf Registration or any Subsequent Shelf Registration ceases to be
effective for any reason at any time during the Effectiveness Period (other
than because of the sale of all of the Securities registered thereunder), the
Issuer shall use its reasonable best efforts to obtain the prompt withdrawal of
any order suspending the effectiveness thereof, and in any event shall file an
additional Shelf Registration Statement pursuant to Rule 415 covering all
of the Registrable Securities covered by and not sold under the Initial Shelf
Registration or an earlier Subsequent Shelf Registration (each, a “Subsequent
Shelf Registration”). If a Subsequent Shelf Registration is filed, the
Issuer shall use its reasonable best efforts to cause the Subsequent Shelf
Registration to be declared effective under the Securities Act as soon as
practicable after such filing and to keep such subsequent Shelf Registration
continuously effective for a period equal to the number of days in the
Effectiveness Period less the aggregate number of days during which the Initial
Shelf Registration or any Subsequent Shelf Registration was previously
continuously effective. As used herein the term “Shelf Registration”
means the Initial Shelf Registration and any Subsequent Shelf Registration.

 

(c)                                  Supplements and Amendments. The Issuer shall promptly supplement and
amend the Shelf Registration if required by the rules, regulations or
instructions applicable to the registration form used for such Shelf
Registration, if required by the Securities Act, or if reasonably requested by
the Holders of a majority in aggregate principal amount of the Registrable
Securities (or their counsel) covered by such Registration Statement with
respect to the information included therein with respect to one or more of such
Holders, or, if reasonably requested by any underwriter of such Registrable
Securities, with respect to the information included therein with respect to
such underwriter.

 

4.                                       Additional
Interest

 

(a)                                  The Issuer and the Initial Purchasers agree
that the Holders will suffer damages if the Issuer fails to fulfill its
obligations under Section 2 or Section 3 hereof and that it would not
be feasible to ascertain the extent of such damages with precision.
Accordingly, the Issuer agrees to pay, jointly 

 

 

and severally, as liquidated damages,
additional interest on the Notes (“Additional Interest”) if (A) the
Issuer has neither (i) exchanged Exchange Securities for all Securities
validly tendered in accordance with the terms of the Exchange Offer nor
(ii) had a Shelf Registration Statement declared effective, in either case
on or prior to the 360th day after the Issue Date, (B) notwithstanding
clause (A), the Issuer is required to file a Shelf Registration Statement and
such Shelf Registration Statement is not declared effective on or prior to the
360th day after the date such Shelf Registration Statement filing was requested
or required or (C), if applicable, a Shelf Registration has been declared
effective and such Shelf Registration ceases to be effective at any time during
the Effectiveness Period (other than because of the sale of all of the
Securities registered thereunder), then Additional Interest shall accrue on the
principal amount of the Notes at a rate of 0.25% per annum (which rate will be
increased by an additional 0.25% per annum for each subsequent 90 day period
that such Additional Interest continues to accrue, provided that the rate at
which such Additional Interest accrues may in no event exceed 1.00% per
annum) (such Additional Interest to be calculated by the Issuer) commencing on the
(x) 361st day after the Issue Date, in the case of (A) above,
(y) the 361st day after the date such Shelf Registration Statement filing was
requested or required in the case of (B) above or (z) the day such Shelf
Registration ceases to be effective in the case of (C) above; provided,
however, that upon the exchange of the Exchange Securities for all
Securities tendered (in the case of clause (A) of this Section 4),
upon the effectiveness of the applicable Shelf Registration Statement (in the
case of (B) of this Section 4), or upon the effectiveness of the
applicable Shelf Registration Statement which had ceased to remain effective
(in the case of (C) of this Section 4), Additional Interest on the
Notes in respect of which such events relate as a result of such clause (or the
relevant subclause thereof), as the case may be, shall cease to accrue.
Notwithstanding any other provisions of this Section 4, the Issuer shall
not be obligated to pay Additional Interest provided in
Section 4(a)(B) during a Shelf Suspension Period permitted by
Section 3(a) hereof.

 

(b)                                 The Issuer shall notify the Trustee within
one business day after each and every date on which an event occurs in respect
of which Additional Interest is required to be paid. Any amounts of Additional
Interest due pursuant to (a) of this Section 4 will be payable in
cash semiannually on each March 1 and September 1 (to the holders of
record on the February 15 and August 15 immediately preceding such
dates), commencing with the first such date occurring after any such Additional
Interest commences to accrue. The amount of Additional Interest will be
determined by the Issuer by multiplying the applicable Additional Interest rate
by the principal amount of the Registrable Securities, multiplied by a
fraction, the numerator of which is the number of days such Additional Interest
rate was applicable during such period (determined on the basis of a
360 day year comprised of twelve 30 day months and, in the case of a
partial month, the actual number of days elapsed), and the denominator of which
is 360.

 

5.                                       Registration
Procedures

 

In connection with the
filing of any Registration Statement pursuant to Section 2 or 3 hereof,
the Issuer shall effect such registrations to permit the sale of the securities
covered thereby in accordance with the intended method or methods of
disposition thereof, and pursuant thereto and in connection with any
Registration Statement filed by the Issuer hereunder the Issuer shall:

 

(a)                                  Prepare and file with the SEC (prior to the
applicable Filing Date in the case of a Shelf Registration), a Registration
Statement or Registration Statements as prescribed by Section 2 or 3
hereof, and use its reasonable best efforts to cause each such Registration
Statement to become effective and remain effective as provided herein; provided,
however, that if (1) such filing is pursuant to Section 3
hereof or (2) a Prospectus contained in the Exchange Offer Registration
Statement filed pursuant to Section 2 hereof is required to be delivered
under the Securities Act by any Participating Broker-Dealer who seeks to sell
Exchange Securities during the Applicable Period relating thereto from whom the
Issuer has received prior written notice that it will be a Participating
Broker-Dealer in the Exchange Offer, before filing any Registration Statement
or Prospectus or any amendments or supplements thereto, the Issuer 

 

 

shall furnish to and afford counsel for the Holders of the Registrable
Securities covered by such Registration Statement (with respect to a
Registration Statement filed pursuant to Section 3 hereof) or counsel for
such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, and counsel to the managing underwriters,
if any, a reasonable opportunity to review copies of all such documents
(including copies of any documents to be incorporated by reference therein and
all exhibits thereto) proposed to be filed (in each case at least three
business days prior to such filing). The Issuer shall not file any Registration
Statement or Prospectus or any amendments or supplements thereto if the Holders
of a majority in aggregate principal amount of the Registrable Securities
covered by such Registration Statement, their counsel, or the managing
underwriters, if any, shall reasonably object.

 

(b)                                 Prepare and file with the SEC such amendments
and post-effective amendments to each Shelf Registration Statement or Exchange
Offer Registration Statement, as the case may be, as may be necessary
to keep such Registration Statement continuously effective for the
Effectiveness Period, the Applicable Period or until consummation of the
Exchange Offer, as the case may be; cause the related Prospectus to be
supplemented by any Prospectus supplement required by applicable law, and as so
supplemented to be filed pursuant to Rule 424; and comply with the
provisions of the Securities Act and the Exchange Act applicable to it with
respect to the disposition of all securities covered by such Registration
Statement as so amended or in such Prospectus as so supplemented and with
respect to the subsequent resale of any securities being sold by an
Participating Broker-Dealer covered by any such Prospectus in all material
respects. The Issuer shall be deemed not to have used its reasonable best
efforts to keep a Registration Statement effective if it voluntarily takes any
action that is reasonably expected to result in selling Holders of the
Registrable Securities covered thereby or Participating Broker-Dealers seeking
to sell Exchange Securities not being able to sell such Registrable Securities
or such Exchange Securities during that period unless such action is required
by applicable law or permitted by this Agreement.

 

(c)                                  If (1) a Shelf Registration is filed
pursuant to Section 3 hereof or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period
relating thereto from whom the Issuer has received written notice that it will
be a Participating Broker-Dealer in the Exchange Offer, notify the selling
Holders of Registrable Securities (with respect to a Registration Statement
filed pursuant to Section 3 hereof), or each such Participating
Broker-Dealer (with respect to any such Registration Statement), as the case
may be, their counsel and the managing underwriters, if any, promptly (but
in any event within three Business Days), and confirm such notice in writing,
(i) when a Prospectus or any Prospectus supplement or post-effective
amendment has been filed, and, with respect to a Registration Statement or any
post-effective amendment, when the same has become effective under the
Securities Act (including in such notice a written statement that any Holder
may, upon request, obtain, at the sole expense of the Issuer, one conformed
copy of such Registration Statement or post-effective amendment including
financial statements and schedules, documents incorporated or deemed to be
incorporated by reference and exhibits), (ii) of the issuance by the SEC
of any stop order suspending the effectiveness of a Registration Statement or
of any order preventing or suspending the use of any preliminary prospectus or
the initiation of any proceedings for that purpose, (iii) if at any time
when a prospectus is required by the Securities Act to be delivered in
connection with sales of the Registrable Securities or resales of Exchange
Securities by Participating Broker-Dealers the representations and warranties
of the Issuer contained in any agreement (including any underwriting agreement)
contemplated by Section 5(m) hereof cease to be true and correct,
(iv) of the receipt by the Issuer of any notification with respect to the
suspension of the qualification or exemption from qualification of a
Registration Statement or any of the Registrable Securities or the Exchange
Securities to be sold by any Participating Broker-Dealer for offer or sale in
any jurisdiction, or the initiation or threatening of any proceeding for such
purpose, (v) of the happening of any event, the existence of any condition
or any information becoming known that makes any statement made in such
Registration Statement or related Prospectus or any document incorporated or
deemed to be incorporated therein by 

 

 

reference untrue in any material respect or that requires the making of
any changes in or amendments or supplements to such Registration Statement,
Prospectus or documents so that, in the case of the Registration Statement, it
will not contain any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading, and that in the case of the Prospectus, it will not contain
any untrue statement of a material fact or omit to state any material fact
required to be stated therein or necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading, and
(vi) of the Issuer’s determination that a post-effective amendment to a
Registration Statement would be appropriate.

 

(d)                                 Use its reasonable best efforts to prevent
the issuance of any order suspending the effectiveness of a Registration
Statement or of any order preventing or suspending the use of a Prospectus or
suspending the qualification (or exemption from qualification) of any of the
Registrable Securities or the Exchange Securities to be sold by any
Participating Broker-Dealer, for sale in any jurisdiction.

 

(e)                                  If a Shelf Registration is filed pursuant to
Section 3 and if requested during the Effectiveness Period by the managing
underwriter or underwriters (if any) or the Holders of a majority in aggregate
principal amount of the Registrable Securities being sold in connection with an
underwritten offering, (i) as promptly as practicable incorporate in a
prospectus supplement or post-effective amendment such information as the
managing underwriter or underwriters (if any), such Holders or counsel for
either of them reasonably request to be included therein, (ii) make all
required filings of such prospectus supplement or such post-effective amendment
as soon as practicable after the Issuer has received notification of the
matters to be incorporated in such prospectus supplement or post-effective
amendment, and (iii) supplement or make amendments to such Registration
Statement.

 

(f)                                    If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Securities during the Applicable
Period, furnish to each selling Holder of Registrable Securities (with respect
to a Registration Statement filed pursuant to Section 3 hereof) and to
each such Participating Broker-Dealer who so requests (with respect to any such
Registration Statement) and to their respective counsel and each managing
underwriter, if any, at the sole expense of the Issuer, one conformed copy of
the Registration Statement or Registration Statements and each post-effective
amendment thereto, including financial statements and schedules, and, if
requested, all documents incorporated or deemed to be incorporated therein by
reference and all exhibits.

 

(g)                                 If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Securities during the Applicable
Period, deliver to each selling Holder of Registrable Securities (with respect
to a Registration Statement filed pursuant to Section 3 hereof), or each
such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, their respective counsel, and the
underwriters, if any, at the sole expense of the Issuer, as many copies of the
Prospectus or Prospectuses (including each form of preliminary prospectus)
and each amendment or supplement thereto and any documents incorporated by
reference therein as such Persons may reasonably request; and, subject to
the last paragraph of this Section 5, the Issuer hereby consents to the
use of such Prospectus and each amendment or supplement thereto by each of the
selling Holders of Registrable Securities or each such Participating
Broker-Dealer, as the case may be, and the underwriters or agents, if any,
and dealers, if any, in connection with the offering and sale of the
Registrable Securities covered by, or the sale by Participating Broker-Dealers
of the Exchange Securities pursuant to, such Prospectus and any amendment or
supplement thereto.

 

 

(h)                                 Prior to any public offering of Registrable
Securities or any delivery of a Prospectus contained in the Exchange Offer
Registration Statement by any Participating Broker-Dealer who seeks to sell
Exchange Securities during the Applicable Period, use its reasonable best
efforts to register or qualify, and to cooperate with the selling Holders of
Registrable Securities or each such Participating Broker-Dealer, as the case
may be, the managing underwriter or underwriters, if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable
Securities for offer and sale under the securities or Blue Sky laws of such
jurisdictions within the United States as any selling Holder, Participating
Broker-Dealer, or the managing underwriter or underwriters reasonably request
in writing; provided, however, that where Exchange Securities
held by Participating Broker-Dealers or Registrable Securities are offered
other than through an underwritten offering, the Issuer agrees to cause its
counsel to perform Blue Sky investigations and file registrations and
qualifications required to be filed pursuant to this Section 5(h), keep
each such registration or qualification (or exemption therefrom) effective
during the period such Registration Statement is required to be kept effective
and do any and all other acts or things necessary or advisable to enable the
disposition in such jurisdictions of the Exchange Securities held by
Participating Broker-Dealers or the Registrable Securities covered by the
applicable Registration Statement; provided, however, that the
Issuer shall not be required to (A) qualify generally to do business in
any jurisdiction where it is not then so qualified, (B) take any action
that would subject it to general service of process in any such jurisdiction
where it is not then so subject or (C) subject itself to taxation in
excess of a nominal dollar amount in any such jurisdiction where it is not then
so subject.

 

(i)                                     If a Shelf Registration is filed pursuant to
Section 3 hereof, cooperate with the selling Holders of Registrable
Securities and the managing underwriter or underwriters, if any, to facilitate
the timely preparation and delivery of certificates representing Registrable
Securities to be sold, which certificates shall not bear any restrictive
legends and shall be in a form eligible for deposit with The Depository
Trust Company; and enable such Registrable Securities to be in such
denominations (subject to applicable requirements contained in the Indenture)
and registered in such names as the managing underwriter or underwriters, if
any, or Holders may request.

 

(j)                                     Use its reasonable best efforts to cause the
Registrable Securities covered by the Registration Statement to be registered
with or approved by such other U.S. governmental agencies or authorities as
may be necessary to enable the seller or sellers thereof or the
underwriter or underwriters, if any, to consummate the disposition of such
Registrable Securities, except as may be required solely as a consequence
of the nature of such selling Holder’s business, in which case the Issuer will
cooperate in all respects with the filing of such Registration Statement and
the granting of such approvals.

 

(k)                                  If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof
is required to be delivered under the Securities Act by any Participating Broker-Dealer
who seeks to sell Exchange Securities during the Applicable Period, upon the
occurrence of any event contemplated by paragraph 6(c)(v) or
6(c)(vi) hereof, as promptly as practicable prepare and (subject to
Section 5(a) hereof) file with the SEC, at the sole expense of the
Issuer, a supplement or post-effective amendment to the Registration Statement
or a supplement to the related Prospectus or any document incorporated therein
by reference, or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Securities being sold thereunder
(with respect to a Registration Statement filed pursuant to Section 3
hereof) or to the purchasers of the Exchange Securities to whom such Prospectus
will be delivered by a Participating Broker-Dealer (with respect to any such
Registration Statement), any such Prospectus will not contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

 

 

(l)                                     Prior to the effective date of the first
Registration Statement relating to the Registrable Securities, (i) provide
the Trustee with certificates for the Registrable Securities in a
form eligible for deposit with The Depository Trust Company and
(ii) provide a CUSIP number for the Registrable Securities.

 

(m)                               In connection with any underwritten offering
of Registrable Securities pursuant to a Shelf Registration, enter into an underwriting
agreement as is customary in underwritten offerings of debt securities similar
to the Securities (including, without limitation, a customary condition to the
obligations of the underwriters that the underwriters shall have received “cold
comfort” letters and updates thereof in form, scope and substance reasonably
satisfactory to the managing underwriter or underwriters from the independent
certified public accountants of the Issuer (and, if necessary, any other
independent certified public accountants of the Issuer, or of any business
acquired by the Issuer, for which financial statements and financial data are,
or are required to be, included or incorporated by reference in the
Registration Statement), addressed to each of the underwriters, such letters to
be in customary form and covering matters of the type customarily covered
in “cold comfort” letters in connection with underwritten offerings of debt
securities similar to the Securities), and take all such other actions as are
reasonably requested by the managing underwriter or underwriters in order to
expedite or facilitate the registration or the disposition of such Registrable
Securities and, in such connection, (i) make such representations and
warranties to, and covenants with, the underwriters with respect to the
business of the Issuer (including any acquired business, properties or entity,
if applicable), and the Registration Statement, Prospectus and documents, if
any, incorporated or deemed to be incorporated by reference therein, in each
case, as are customarily made by Issuer to underwriters in underwritten
offerings of debt securities similar to the Securities, and confirm the same in
writing if and when requested; (ii) obtain the written opinions of counsel
to the Issuer, and written updates thereof in form, scope and substance
reasonably satisfactory to the managing underwriter or underwriters, addressed
to the underwriters covering the matters customarily covered in opinions
reasonably requested in underwritten offerings; and (iii) if an
underwriting agreement is entered into, the same shall contain indemnification
provisions and procedures no less favorable to the sellers and underwriters, if
any, than those set forth in Section 7 hereof (or such other provisions
and procedures reasonably acceptable to Holders of a majority in aggregate
principal amount of Registrable Securities covered by such Registration
Statement and the managing underwriter or underwriters or agents, if any). The
above shall be done at each closing under such underwriting agreement, or as
and to the extent required thereunder.

 

(n)                                 If (1) a Shelf Registration is filed
pursuant to Section 3 hereof, or (2) a Prospectus contained in the
Exchange Offer Registration Statement filed pursuant to Section 2 hereof
is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Securities during the Applicable
Period, make available for inspection by any Initial Purchaser, any selling
Holder of such Registrable Securities being sold (with respect to a
Registration Statement filed pursuant to Section 3 hereof), or each such
Participating Broker-Dealer, as the case may be, any underwriter
participating in any such disposition of Registrable Securities, if any, and any
attorney, accountant or other agent retained by any such selling Holder or each
such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, or underwriter (any such Initial
Purchasers, Holders, Participating Broker-Dealers, underwriters, attorneys,
accountants or agents, collectively, the “Inspectors”), upon written
request, at the offices where normally kept, during reasonable business hours,
all pertinent financial and other records, pertinent corporate documents and
instruments of the Issuer and subsidiaries of the Issuer (collectively, the “Records”),
as shall be reasonably necessary to enable them to exercise any applicable due
diligence responsibilities, and cause the officers, directors and employees of
the Issuer and any of its subsidiaries to supply all information (“Information”)
reasonably requested by any such Inspector in connection with such due
diligence responsibilities. Each Inspector shall agree in writing that it will
keep the Records and Information confidential, to use the Information only for
due diligence purposes, to abstain from using the Information as the basis for
any market transactions in 

 

 

Securities of the Issuer and that it will not disclose any of the
Records or Information that the Issuer determines, in good faith, to be
confidential and notifies the Inspectors in writing are confidential unless
(i) the disclosure of such Records or Information is necessary to avoid or
correct a misstatement or omission in such Registration Statement or Prospectus,
(ii) the release of such Records or Information is ordered pursuant to a
subpoena or other order from a court of competent jurisdiction,
(iii) disclosure of such Records or Information is necessary or advisable,
in the opinion of counsel for any Inspector, in connection with any action,
claim, suit or proceeding, directly or indirectly, involving or potentially
involving such Inspector and arising out of, based upon, relating to, or
involving this Agreement or the Purchase Agreement, or any transactions
contemplated hereby or thereby or arising hereunder or thereunder, or
(iv) the information in such Records or Information has been made
generally available to the public other than by an Inspector or an “affiliate”
(as defined in Rule 405) thereof; provided, however, that
prior notice shall be provided as soon as practicable to the Issuer of the
potential disclosure of any information by such Inspector pursuant to
clauses (i) or (ii) of this sentence to permit the Issuer to
obtain a protective order (or waive the provisions of this paragraph (o))
and that such Inspector shall take such actions as are reasonably necessary to
protect the confidentiality of such information (if practicable) to the extent
such action is otherwise not inconsistent with, an impairment of or in
derogation of the rights and interests of the Holder or any Inspector.

 

(o)                                 Provide an indenture trustee for the
Registrable Securities or the Exchange Securities, as the case may be, and
cause the Indenture or the trust indenture provided for in
Section 2(a) hereof, as the case may be, to be qualified under
the TIA not later than the effective date of the first Registration Statement
relating to the Registrable Securities; and in connection therewith, cooperate
with the trustee under any such indenture and the Holders of the Registrable
Securities, to effect such changes (if any) to such indenture as may be
required for such indenture to be so qualified in accordance with the terms of
the TIA; and execute, and use its commercially reasonable best efforts to cause
such trustee to execute, all documents as may be required to effect such
changes, and all other forms and documents required to be filed with the SEC to
enable such indenture to be so qualified in a timely manner.

 

(p)                                 Comply in all material respects with all
applicable rules and regulations of the SEC and make generally available
to its securityholders with regard to any applicable Registration Statement, a
consolidated earning statement satisfying the provisions of Section 10(a) of
the Securities Act and Rule 158 thereunder (or any similar
rule promulgated under the Securities Act) no later than 45 days
after the end of any fiscal quarter (or 90 days after the end of any
12-month period if such period is a fiscal year) (i) commencing at the end
of any fiscal quarter in which Registrable Securities are sold to underwriters
in a firm commitment or best efforts underwritten offering and (ii) if not
sold to underwriters in such an offering, commencing on the first day of the first
fiscal quarter of the Issuer, after the effective date of a Registration
Statement, which statements shall cover said 12-month periods; provided that
this requirement shall be deemed satisfied by the Issuer complying with
Section 4.03 of the Indenture.

 

(q)                                 Upon consummation of the Exchange Offer or a
Private Exchange, obtain an opinion of counsel to the Issuer, in a
form customary for underwritten transactions, addressed to the Trustee for
the benefit of all Holders of Registrable Securities participating in the
Exchange Offer or the Private Exchange, as the case may be, that the
Exchange Securities or Private Exchange Notes (and the related Guarantees), as
the case may be, the related guarantee and the related indenture
constitute legal, valid and binding obligations of the Issuer, enforceable
against the Issuer in accordance with their respective terms, subject to
customary exceptions and qualifications. If the Exchange Offer or a Private
Exchange is to be consummated, upon delivery of the Registrable Securities by
Holders to the Issuer (or to such other Person as directed by the Issuer), in
exchange for the Exchange Securities or the Private Exchange Notes (and the
related Guarantees), as the case may be, the Issuer shall mark, or cause
to be marked, on such Registrable Securities that such Registrable Securities
are being cancelled in exchange 

 

 

 

for the Exchange Securities or the Private Exchange Notes (and the
related Guarantees), as the case may be; in no event shall such
Registrable Securities be marked as paid or otherwise satisfied.

 

(r)                                    Use reasonable efforts to cooperate with each
seller of Registrable Securities covered by any Registration Statement and each
underwriter, if any, participating in the disposition of such Registrable
Securities and their respective counsel in connection with any filings required
to be made with the National Association of Securities Dealers, Inc. (the
“NASD”).

 

(s)                                  Use its respective reasonable best efforts to
take all other steps reasonably necessary to effect the registration of the
Exchange Securities and/or Registrable Securities covered by a Registration
Statement contemplated hereby.

 

The Issuer may require
each seller of Registrable Securities as to which any registration is being
effected to furnish to the Issuer such information regarding such seller and
the distribution of such Registrable Securities as the Issuer may, from time to
time, reasonably request. The Issuer may exclude from such registration
the Registrable Securities of any seller so long as such seller fails to
furnish such information within a reasonable time after receiving such request.
Each seller as to which any Shelf Registration is being effected agrees to
furnish promptly to the Issuer all information required to be disclosed in
order to make the information previously furnished to the Issuer by such seller
not materially misleading.

 

If any such Registration
Statement refers to any Holder by name or otherwise as the holder of any
securities of the Issuer, then such Holder shall have the right to require
(i) the insertion therein of language, in form and substance
reasonably satisfactory to such Holder, to the effect that the holding by such
Holder of such securities is not to be construed as a recommendation by such
Holder of the investment quality of the securities covered thereby and that
such holding does not imply that such Holder will assist in meeting any future
financial requirements of the Issuer, or (ii) in the event that such
reference to such Holder by name or otherwise is not required by the Securities
Act or any similar federal statute then in force, the deletion of the reference
to such Holder in any amendment or supplement to the Registration Statement
filed or prepared subsequent to the time that such reference ceases to be required.

 

Each Holder of Registrable
Securities and each Participating Broker-Dealer agrees by its acquisition of
such Registrable Securities or Exchange Securities to be sold by such
Participating Broker-Dealer, as the case may be, that, upon actual receipt
of any notice from the Issuer of the happening of any event of the kind
described in Section 5(c)(ii), 5(c)(iv), 5(c)(v), or 5(c)(vi) hereof,
such Holder will forthwith discontinue disposition of such Registrable
Securities covered by such Registration Statement or Prospectus or Exchange
Securities to be sold by such Holder or Participating Broker-Dealer, as the
case may be, until such Holder’s or Participating Broker-Dealer’s receipt
of the copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof, or until it is advised in writing (the “Advice”)
by the Issuer that the use of the applicable Prospectus may be resumed,
and has received copies of any amendments or supplements thereto. In the event
that the Issuer shall give any such notice, each of the Applicable Period and
the Effectiveness Period shall be extended by the number of days during such
periods from and including the date of the giving of such notice to and
including the date when each seller of Registrable Securities covered by such
Registration Statement or Exchange Securities to be sold by such Participating
Broker-Dealer, as the case may be, shall have received (x) the copies
of the supplemented or amended Prospectus contemplated by Section 5(k)
hereof or (y) the Advice.

 

6.                                       Registration
Expenses

 

All fees and expenses
incident to the performance of or compliance with this Agreement by the Issuer
of its obligations under Sections 2, 3, 5 and 8 shall be borne by the Issuer,
whether or not the 

 

 

Exchange Offer Registration
Statement or any Shelf Registration Statement is filed or becomes effective or
the Exchange Offer is consummated, including, without limitation, (i) all
registration and filing fees (including, without limitation, (A) fees with
respect to filings required to be made with the NASD in connection with an
underwritten offering and (B) fees and expenses of compliance with state
securities or Blue Sky laws (including, without limitation, reasonable fees and
disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Securities or Exchange Securities and determination of the
eligibility of the Registrable Securities or Exchange Securities for investment
under the laws of such jurisdictions in the United States (x) where the
holders of Registrable Securities are located, in the case of the Exchange
Securities, or (y) as provided in Section 5(h) hereof, in the
case of Registrable Securities or Exchange Securities to be sold by a
Participating Broker-Dealer during the Applicable Period)), (ii) printing
expenses, including, without limitation, printing prospectuses if the printing
of prospectuses is requested by the managing underwriter or underwriters, if
any, by the Holders of a majority in aggregate principal amount of the Registrable
Securities included in any Registration Statement or in respect of Registrable
Securities or Exchange Securities to be sold by any Participating Broker-Dealer
during the Applicable Period, as the case may be, (iii) fees and
expenses of the Trustee, any exchange agent and their counsel, (iv) fees
and disbursements of counsel for the Issuer and, in the case of a Shelf
Registration, reasonable fees and disbursements of one special counsel for all
of the sellers of Registrable Securities selected by the Holder of a majority
in aggregate principal amount of Registrable Securities covered by such Shelf
Registration (which counsel shall be reasonably satisfactory to the Issuer)
exclusive of any counsel retained pursuant to Section 7 hereof),
(v) fees and disbursements of all independent certified public accountants
referred to in Section 5(m) hereof (including, without limitation, the
expenses of any “cold comfort” letters required by or incident to such
performance), (vi) rating agency fees, if any, and any fees associated
with making the Registrable Securities or Exchange Securities eligible for
trading through The Depository Trust Company, (vii) Securities Act
liability insurance, if the Issuer desires such insurance, (viii) fees and
expenses of all other Persons retained by the Issuer, (ix) internal
expenses of the Issuer (including, without limitation, all salaries and
expenses of officers and employees of the Issuer performing legal or accounting
duties), (x) the expense of any annual audit, (xi) any fees and expenses
incurred in connection with the listing of the securities to be registered on
any securities exchange, and the obtaining of a rating of the securities, in
each case, if applicable and (xii) the expenses relating to printing, word
processing and distributing all Registration Statements, underwriting
agreements, indentures and any other documents necessary in order to comply
with this Agreement.

 

7.                                       Indemnification
and Contribution.

 

(a)                                  The Issuer and the Guarantors jointly and
severally agree, to indemnify and hold harmless each Holder of Registrable
Securities and each Participating Broker-Dealer selling Exchange Securities
during the Applicable Period, and each Person, if any, who controls such Person
or its affiliates within the meaning of Section 15 of the Act or
Section 20 of the Exchange Act (each, a “Participant”)
against any losses, claims, damages or liabilities, joint or several, to which
any Participant may become subject under the Securities Act, the Exchange
Act or otherwise, insofar as any such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon:

 

(i)                  any untrue statement or alleged untrue
statement of any material fact contained in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if the Issuer
shall have furnished any amendments or supplements thereto) or any preliminary
prospectus; or

 

(ii)               the omission or alleged omission to state, in
any Registration Statement (or any amendment thereto) or Prospectus (as amended
or supplemented if the Issuer shall have furnished any amendments or
supplements thereto) or any preliminary prospectus or any other document or 

 

 

any
amendment or supplement thereto, a material fact required to be stated therein
or necessary to make the statements therein not misleading,

 

except,
in each case, insofar as such losses, claims, damages or liabilities are
arising out of or based upon any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with any
information relating to any Initial Purchaser or any Holder furnished to the
Issuer in writing through the Initial Purchasers or any selling Holder
expressly for use therein;

 

and agree (subject to the
limitations set forth in the proviso to this sentence) to reimburse, as
incurred, the Participant for any reasonable legal or other expenses incurred
by the Participant in connection with investigating, defending against or
appearing as a third-party witness in connection with any such loss, claim,
damage, liability or action; provided, however, neither the
Issuer nor the Guarantors will be liable in any such case to the extent that
any such loss, claim, damage, or liability arises out of or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission
made in any Registration Statement (or any amendment thereto) or Prospectus (as
amended or supplemented if the Issuer shall have furnished any amendments or
supplements thereto) or any preliminary prospectus or any amendment or
supplement thereto in reliance upon and in conformity with written information
relating to any Participant furnished to the Issuer by such Participant
specifically for use therein. The indemnity provided for in this Section 7
will be in addition to any liability that the Issuer may otherwise have to
the indemnified parties. The Issuer and the Guarantors shall not be liable
under this Section 7 to any indemnified party regarding any settlement or
compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not
the indemnified parties are actual or potential parties to such claim or
action) unless such settlement, compromise or consent is consented to by the
Issuer and the Guarantors, which consent shall not be unreasonably withheld.

 

(b)                                 Each Participant, severally and not jointly,
agrees to indemnify and hold harmless the Issuer, the Guarantors, their
respective directors (or equivalent), their respective officers who sign any
Registration Statement and each person, if any, who controls the Issuer within
the meaning of Section 15 of the Act or Section 20 of the Exchange Act
against any losses, claims, damages or liabilities to which the Issuer, the
Guarantors or any such director, officer or controlling person may become
subject under the Act, the Exchange Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon (i) any untrue statement or alleged untrue statement of any
material fact contained in any Registration Statement or Prospectus, any
amendment or supplement thereto, or any preliminary prospectus, or
(ii) the omission or the alleged omission to state therein a material fact
necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in reliance upon and in
conformity with written information concerning such Participant, furnished to
the Issuer by or on behalf of such Participant, specifically for use therein;
and subject to the limitation set forth immediately preceding this clause, will
reimburse, as incurred, any reasonable legal or other expenses incurred by the
Issuer, the Guarantors or any such director, officer or controlling person in
connection with investigating or defending against or appearing as a third
party witness in connection with any such loss, claim, damage, liability or
action in respect thereof. The indemnity provided for in this Section 7
will be in addition to any liability that the Participants may otherwise
have to the indemnified parties. The Participants shall not be liable under
this Section 7 to any indemnified party regarding any settlement or
compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which
indemnification or contribution may be sought hereunder (whether or not
the indemnified parties are actual or potential parties to such claim or
action) unless such settlement, compromise or consent is consented to by the
Participants, which consent shall not be unreasonably withheld. The Issuer and
the Guarantors shall not, without the prior written 

 

 

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

 

(c)                                  Promptly after receipt by an indemnified
party under this Section 7 of notice of the commencement of any action,
such indemnified party will, if a claim in respect thereof is to be made
against the indemnifying party under this Section 7, notify the
indemnifying party of the commencement thereof in writing; but the omission to
so notify the indemnifying party (i) will not relieve it from any
liability under paragraph (a) or (b) above unless and to the extent
it did not otherwise learn of such action and such failure results in the
forfeiture by the indemnifying party of substantial rights and defenses and
(ii) will not, in any event, relieve the indemnifying party from any
obligations to any indemnified party other than the indemnification obligation
provided in paragraphs (a) and (b) above. The indemnifying party
shall be entitled to appoint counsel (including local counsel) of the
indemnifying party’s choice at the indemnifying party’s expense to represent
the indemnified party in any action for which indemnification is sought (in
which case the indemnifying party shall not thereafter be responsible for the
fees and expenses of any separate counsel, other than local counsel if not
appointed by the indemnifying party, retained by the indemnified party or
parties except as set forth below); provided, however, that such
counsel shall be reasonably satisfactory to the indemnified party.
Notwithstanding the indemnifying party’s election to appoint counsel (including
local counsel) to represent the indemnified party in an action, the indemnified
party shall have the right to employ separate counsel (including local
counsel), and the indemnifying party shall bear the reasonable fees, costs and
expenses of such separate counsel if (i) the use of counsel chosen by the
indemnifying party to represent the indemnified party would present such
counsel with a conflict of interest (based on the advice of counsel to the
indemnified person); (ii) such action includes both the indemnified party
and the indemnifying party and the indemnified party shall have reasonably
concluded (based on the advice of counsel to the indemnified person) that there
may be legal defenses available to it and/or other indemnified parties
that are different from or additional to those available to the indemnifying
party; (iii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of the institution of such action;
or (iv) the indemnifying party shall authorize the indemnified party to
employ separate counsel at the expense of the indemnifying party. It is
understood and agreed that the indemnifying person shall not, in connection
with any proceeding or separate but related or substantially similar
proceedings 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 (in addition to any local counsel) representing the
indemnified parties under paragraph (a) or paragraph (b) of this
Section 7, as the case may be, who are parties to such action or
actions. Any such separate firm for any Participants shall be designated in
writing by Participants who sold a majority in interest of the Registrable
Securities and Exchange Securities sold by all such Participants in the case of
paragraph (a) of this Section 7 or the Issuer in the case of
paragraph (b) of this Section 7. In the event that any Participants
are indemnified persons collectively entitled, in connection with a proceeding
or separate but related or substantially similar proceedings in a single
jurisdiction, to the payment of fees and expenses of a single separate firm
under this Section 7(c), and any such Participants cannot agree to a
mutually acceptable separate firm to act as counsel thereto, then such separate
firm for all such Indemnified Persons shall be designated in writing by
Participants who sold a majority in interest of the Registrable Securities and
Exchange Securities sold by all such Participants. An indemnifying party will
not, without the prior written consent of the indemnified parties, settle or
compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which indemnification
or contribution may be sought hereunder (whether or not the indemnified
parties are actual or potential parties to such claim or 

 

 

action) unless such settlement, compromise or
consent includes an unconditional release of each indemnified party from all
liability arising out of such claim, action, suit or proceeding and does not
include any statement as to, or any admission of, fault, culpability or failure
to act by or on behalf of any indemnified party. All fees and expenses
reimbursed pursuant to this paragraph (c) shall be reimbursed as they are
incurred.

 

(d)                                 After notice from the indemnifying party to
such indemnified party of its election so to assume the defense thereof and
approval by such indemnified party of counsel appointed to defend such action,
the indemnifying party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses, other than reasonable costs of
investigation, subsequently incurred by such indemnified party in connection
with the defense thereof, unless (i) the indemnified party shall have
employed separate counsel in accordance with the third sentence of paragraph
(c) of this Section 7 or (ii) the indemnifying party has
authorized in writing the employment of counsel for the indemnified party at
the expense of the indemnifying party. After such notice from the indemnifying
party to such indemnified party, the indemnifying party will not be liable for
the costs and expenses of any settlement of such action effected by such
indemnified party without the prior written consent of the indemnifying party
(which consent shall not be unreasonably withheld), unless such indemnified
party waived in writing its rights under this Section 7, in which case the
indemnified party may effect such a settlement without such consent.

 

(e)                                  In circumstances in which the indemnity
agreement provided for in the preceding paragraphs of this Section 7 is
unavailable to, or insufficient to hold harmless, an indemnified party in
respect of any losses, claims, damages or liabilities (or actions in respect
thereof) (other than by virtue of the failure of an indemnified party to notify
the indemnifying party of its right to indemnification pursuant to paragraph
(a) or (b) of this Section 7, where such failure materially
prejudices the indemnifying party (through the forfeiture of substantial rights
or defenses)), each indemnifying party, in order to provide for just and
equitable contribution, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages or liabilities
(or actions in respect thereof) in such proportion as is appropriate to reflect
(i) the relative benefits received by the indemnifying party or parties on
the one hand and the indemnified party on the other from the offering of the
Securities or (ii) if the allocation provided by the foregoing clause
(i) is not permitted by applicable law, not only such relative benefits
but also the relative fault of the indemnifying party or parties on the one
hand and the indemnified party on the other in connection with the statements
or omissions or alleged statements or omissions that resulted in such losses,
claims, damages or liabilities (or actions in respect thereof). The relative
benefits received by the Issuer and the Guarantors on the one hand and such
Participant on the other shall be deemed to be in the same proportion that the
total net proceeds from the offering (before deducting expenses) of the
Securities received by the Issuer bear to the total discounts and commissions
received by such Participant in connection with the sale of the Securities (or
if such Participant did not receive discounts or commissions, the value or
receiving the Securities). The relative fault of the parties shall be
determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to
state a material fact relates to information supplied by the Issuer on the one
hand, or the Participants on the other, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission, and any other equitable
considerations appropriate in the circumstances. The parties agree that it
would not be equitable if the amount of such contribution were determined by
pro rata or per capita allocation or by any other method of allocation that
does not take into account the equitable considerations referred to in the
first sentence of this paragraph (e). Notwithstanding any other provision of
this paragraph (e), no Participant shall be obligated to make contributions
hereunder that in the aggregate exceed the total discounts, commissions and
other compensation or net proceeds on the sale of Securities received by such
Participant in connection with the sale of the Securities, less the aggregate
amount of any damages that such Participant has otherwise been required to pay
by reason of the untrue or alleged untrue statements or the 

 

 

omissions or alleged omissions to state a
material fact, and 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.
For purposes of this paragraph (d), each person, if any, who controls a
Participant within the meaning of Section 15 of the Act or Section 20
of the Exchange Act shall have the same rights to contribution as the
Participants, and each director of the Issuer and the Guarantors, each officer
of the Issuer and the Guarantors and each person, if any, who controls the
Issuer and the Guarantors within the meaning of Section 15 of the Act or
Section 20 of the Exchange Act, shall have the same rights to contribution
as the Issuer.

 

8.                                       Rules 144
and 144A

 

The Issuer covenants and
agrees that it will use reasonable best efforts to 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 SEC thereunder in a timely manner in
accordance with the requirements of the Securities Act and the Exchange Act
and, if at any time the Issuer is not required to file such reports, the Issuer
will, upon the request of any Holder or beneficial owner of Registrable
Securities, make available such information necessary to permit sales pursuant
to Rule 144A. The Issuer further covenants and agrees, for so long as any
Registrable Securities remain outstanding that it will 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 Rule 144(k) under the Securities Act and
Rule 144A unless the Issuer is then subject to Section 13 or
15(d) of the Exchange Act and reports filed thereunder satisfy the
information requirements of Rule 144A then in effect.

 

9.                                       Underwritten
Registrations

 

The Issuer shall not be
required to assist in an underwritten offering unless requested by the Holders
of a majority in aggregate principal amount of the Registrable Securities. If
any of the Registrable Securities covered by any Shelf Registration are to be sold
in an underwritten offering, the investment banker or investment bankers and
manager or managers that will manage the offering will be selected by the
Holders of a majority in aggregate principal amount of such Registrable
Securities included in such offering and shall be reasonably acceptable to the
Issuer.

 

No Holder of Registrable
Securities may participate in any underwritten registration hereunder
unless such Holder (a) agrees to sell such Holder’s Registrable Securities
on the basis provided in any underwriting arrangements approved by the Persons
entitled hereunder to approve such arrangements and (b) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting
arrangements.

 

10.                                 Miscellaneous

 

(a)                                  No Inconsistent Agreements. The Issuer has not as of the date hereof,
and the Issuer shall not, after the date of this Agreement, enter into any
agreement with respect to any of its securities that is inconsistent with the
rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. 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 Issuer other issued and outstanding
securities under any such agreements. The Issuer will not enter into any
agreement (other than the Registration Rights Agreement dated as of the date
hereof in respect of the Senior Notes) with respect to any of its securities
which will grant to any Person piggy-back registration rights with respect to
any Registration Statement.

 

 

(b)                                 Adjustments Affecting Registrable Securities. The Issuer shall not, directly or
indirectly, take any action with respect to the Registrable Securities as a
class that would adversely affect the ability of the Holders of
Registrable Securities to include such Registrable Securities in a registration
undertaken pursuant to this Agreement.

 

(c)                                  Amendments and Waivers. The provisions of this Agreement
may not be amended, modified or supplemented, and waivers or consents to
departures from the provisions hereof may not be given, otherwise than
with the prior written consent of (I) the Issuer, and (II) (A) the
Holders of not less than a majority in aggregate principal amount of the then
outstanding Registrable Securities and (B) in circumstances that would
adversely affect the Participating Broker-Dealers, the Participating
Broker-Dealers holding not less than a majority in aggregate principal amount
of the Exchange Notes held by all Participating Broker-Dealers; provided,
however, that Section 7 and this
Section 10(c) may not be amended, modified or supplemented
without the prior written consent of each Holder and each Participating
Broker-Dealer (including any person who was a Holder or Participating
Broker-Dealer of Registrable Securities or Exchange Securities, as the case
may be, disposed of pursuant to any Registration Statement) affected by
any such amendment, modification or supplement. Notwithstanding the foregoing,
a waiver or consent to depart from the provisions hereof with respect to a
matter that relates exclusively to the rights of Holders of Registrable
Securities whose securities are being sold pursuant to a Registration Statement
and that does not directly or indirectly affect, impair, limit or compromise
the rights of other Holders of Registrable Securities may be given by
Holders of at least a majority in aggregate principal amount of the Registrable
Securities being sold pursuant to such Registration Statement.

 

(d)                                 Notices. All notices and other communications (including, without limitation,
any notices or other communications to the Trustee) provided for or permitted
hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or facsimile:

 

(i)                  if to a Holder of the Registrable Securities
or any Participating Broker-Dealer, at the most current address of such Holder
or Participating Broker-Dealer, as the case may be, set forth on the
records of the registrar under the Indenture, with a copy in like manner to the
Initial Purchasers as follows:

 

Lehman Brothers Inc.

745 Seventh Avenue

New York, New York 10005

Facsimile No.: 212-526-0943;

Attention:  Syndicate Department

 

with a copy to:

 

Cahill Gordon & Reindel LLP

80 Pine Street

New York, New York 10005

Facsimile No.:  (212) 269-5420 

Attention:  William Hartnett, Esq.

 

(ii)  if to the Initial Purchasers, at the address specified
in Section 10(d)(i);

 

(iii) if to the Issuer, at the address as follows:

 

TDS
Investor Corporation

c/o The Blackstone Group

 

 

345 Park Avenue,
Floor 31

New York, NY 10154

Attention:  Paul V. Schorr

 

with a copy to:

 

Simpson Thacher & Bartlett LLP

425 Lexington Ave.

New York, New York 10017

Facsimile No.:  (212) 455-2502

Attention:  Edward P.
Tolley, III, Esq.

 

All such notices and
communications shall be deemed to have been duly given:  when delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; one Business Day after being timely delivered to a next-day
air courier; and upon written confirmation, if sent by facsimile.

 

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 and in the manner specified in
such Indenture.

 

(e)                                  Successors and Assigns. This Agreement shall inure to the benefit
of and be binding upon the successors and assigns of each of the parties hereto,
the Holders and the Participating Broker-Dealers; provided, however,
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Securities in violation of the terms of the Purchase
Agreement or the Indenture.

 

(f)                                    Counterparts. This Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

 

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

 

(h)                                 Governing Law.
THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY
WITHIN THE STATE OF NEW YORK. EACH OF THE PARTIES HEREBY WAIVE ANY RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT.

 

(i)                                     Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their best efforts to find and employ an
alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal,
void or unenforceable.

 

 

(j)                                     Notes Held by the Issuer or Its Affiliates. Whenever the consent or approval of Holders
of a specified percentage of Registrable Securities is required hereunder, Registrable
Securities held by the Issuer or its affiliates (as such term is defined in
Rule 405 under the Securities Act) shall not be counted in determining
whether such consent or approval was given by the Holders of such required
percentage.

 

(k)                                  Third-Party Beneficiaries. Holders of Registrable Securities and
Participating Broker-Dealers are intended third-party beneficiaries of this
Agreement, and this Agreement may be enforced by such Persons.

 

(l)                                     Entire Agreement. This Agreement, together with the Purchase
Agreement and the Indenture, is intended by the parties as a final and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein and therein and any and all
prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders
on the one hand and the Issuer on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof
are merged herein and replaced hereby.

 

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

 

 

	
   

  	
  TDS INVESTOR CORPORATION,

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and
  Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TDS INVESTOR (BERMUDA) LTD.,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and
  Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WALTONVILLE LIMITED,

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Director, Executive Vice

  
	
   

  	
   

  	
   

  	
  President, General Counsel

  
	
   

  	
   

  	
   

  	
  and Corporate Secretary

  

 

 

	
   

  	
  EACH OF THE SUBSIDIARIES

  
	
   

  	
  LISTED ON SCHEDULE I HERETO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  APOLLO GALILEO USA PARTNERSHIP,

  
	
   

  	
  By: APOLLO GALILEO USA SUB I, 

  INC., its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  NATIONAL INTERNET TRAVEL 

  AGENCY,

  
	
   

  	
  By: INTERNETWORK PUBLISHING 

  CORPORATION, its General 

  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ORBITZ AWAY LLC

  
	
   

  	
  By: ORBITZ, LLC, as Sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  

 

 

	
   

  	
  TDS DEVELOPMENT, LLC

  
	
   

  	
  By: TRAVELPORT INC., as Sole Member

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric J. Bock

  
	
   

  	
   

  	
  Name:

  	
  Eric J. Bock

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Corporate

  
	
   

  	
   

  	
   

  	
  Secretary

  

 

 

The foregoing Agreement is
hereby

confirmed and accepted as of the 

date first above written.

 

LEHMAN BROTHERS INC., 

UBS SECURITIES LLC

CREDIT SUISSE SECURITIES (USA) LLC

 

 

By:  Lehman Brothers Inc.

 

 

	
  By:

  	
  /s/ Peter J. Toal

  	
   

  
	
   

  	
  Name:

  	
  Peter J. Toal

  
	
   

  	
  Title:

  	
  Managing Director

  
				

 

 

For
itself, the other Representatives and the

other several Initial Purchasers.

 

 

 

 

SCHEDULE 1

 

	
   

  	
  Apollo Galileo USA Sub I, Inc.

  
	
   

  	
   

  
	
   

  	
  Apollo Galileo USA Sub II, Inc.

  
	
   

  	
   

  
	
   

  	
  Cendant Technology Holding, LLC

  
	
   

  	
   

  
	
   

  	
  Cendant Travel, Inc.

  
	
   

  	
   

  
	
   

  	
  Cendant UK Acquisition Corporation

  
	
   

  	
   

  
	
   

  	
  Distribution Systems, Inc.

  
	
   

  	
   

  
	
   

  	
  Galileo Ba, Inc.

  
	
   

  	
   

  
	
   

  	
  Galileo Brasil Limited

  
	
   

  	
   

  
	
   

  	
  Galileo International, Inc.

  
	
   

  	
   

  
	
   

  	
  Galileo International, L.L.C.

  
	
   

  	
   

  
	
   

  	
  Galileo International Services, Inc.

  
	
   

  	
   

  
	
   

  	
  Galileo Operations, LLC

  
	
   

  	
   

  
	
   

  	
  Galileo Technologies LLC

  
	
   

  	
   

  
	
   

  	
  Gta North America, Inc.

  
	
   

  	
   

  
	
   

  	
  HotelPORT, Inc.

  
	
   

  	
   

  
	
   

  	
  HotelPORT International, Inc.

  
	
   

  	
   

  
	
   

  	
  Internetwork Publishing Corporation

  
	
   

  	
   

  
	
   

  	
  Landmark Holding Company, Inc.

  
	
   

  	
   

  
	
   

  	
  Magellen Technologies, Inc.

  
	
   

  	
   

  
	
   

  	
  Neat Group Corporation

  
	
   

  	
   

  
	
   

  	
  O Holdings Inc.

  
	
   

  	
   

  
	
   

  	
  OctopusTravel.com (USA) Limited

  
	
   

  	
   

  
	
   

  	
  Orbitz, Inc.

  
	
   

  	
   

  
	
   

  	
  Orbitz, LLC

  
	
   

  	
   

  
	
   

  	
  Quantitude Services, Inc.

  
	
   

  	
   

  
	
   

  	
  Quantitude, Inc.

  
	
   

  	
   

  
	
   

  	
  Raccoon Acquisition I, LLC

  
	
   

  	
   

  
	
   

  	
  S.D. Shepherd Systems, Inc.

  

 

 

 

 

	
   

  	
  Travel Industries, Inc.

  
	
   

  	
   

  
	
   

  	
  Travelport China Holdings, Inc.

  
	
   

  	
   

  
	
   

  	
  Travelport for Business, Inc.

  
	
   

  	
   

  
	
   

  	
  Travelport Inc.

  
	
   

  	
   

  
	
   

  	
  Travelport Operations, Inc.

  
	
   

  	
   

  
	
   

  	
  Trip Network, Inc.

  
	
   

  	
   

  
	
   

  	
  Trip.com, Inc.

  
	
   

  	
   

  
	
   

  	
  Trust International Hotel Reservation
  Services, Inc.

  
	
   

  	
   

  
	
   

  	
  Wizcom, Inc.Exhibit 4.5

 

SUPPLEMENTAL INDENTURE No. 1

Supplemental Indenture (this “Supplemental Indenture”), dated as
of January 11, 2007, among Warpspeed Sub Inc. (the “Guaranteeing Subsidiary”),
a subsidiary of Travelport Inc., a Delaware Corporation (the “Issuer”),
and The Bank of Nova Scotia Trust Company of New York, as trustee (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture
referred to below) has heretofore executed and delivered to the Trustee an
indenture (the “Indenture”), dated as of August 23, 2006, providing for
the issuance of an unlimited aggregate principal amount of Senior Dollar
Floating Rate Notes due 2014, Senior Euro Floating Rate Notes due 2014 and 97/8% Senior Dollar Fixed Rate Notes due 2014 (together,
the “Notes”);

 

WHEREAS, the Indenture provides that under certain circumstances the
Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally
guarantee all of the Issuer’s Obligations under the Notes and the Indenture on
the terms and conditions set forth herein and under the Indenture (the “Guarantee”);
and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is
authorized to execute and deliver this Supplemental Indenture.

 

NOW THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
parties mutually covenant and agree for the equal and ratable benefit of the
Holders of the Notes as follows:

 

(1)           Capitalized Terms. 
Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture.

 

(2)           Agreement to Guarantee.  The
Guaranteeing Subsidiary hereby agrees as follows:

 

(a)           Along with all Guarantors named in the Indenture, to jointly and
severally unconditionally guarantee to each Holder of a Note authenticated and
delivered by the Trustee

 

 

and to the Trustee and its
successors and assigns, irrespective of the validity and enforceability of the
Indenture, the Notes or the obligations of the Issuer hereunder or thereunder,
that:

 

(i)             the principal of and interest, premium and
Additional Interest, if any, on the Notes will be promptly paid in full when
due, whether at maturity, by acceleration, redemption or otherwise, and
interest on the overdue principal of and interest on the Notes, if any, if
lawful, and all other obligations of the Issuer to the Holders or the Trustee
hereunder or thereunder will be promptly paid in full or performed, all in accordance
with the terms hereof and thereof; and

 

(ii)            in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same will be
promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at stated maturity, by acceleration or
otherwise.  Failing payment when due of
any amount so guaranteed or any performance so guaranteed for whatever reason,
the Guarantors and the Guaranteeing Subsidiary shall be jointly and severally
obligated to pay the same immediately. 
This is a guarantee of payment and not a guarantee of collection.

 

(b)           The obligations hereunder shall be unconditional, irrespective of the
validity, regularity or enforceability of the Notes or the Indenture, the
absence of any action to enforce the same, any waiver or consent by any Holder
of the Notes with respect to any provisions hereof or thereof, the recovery of
any judgment against the Issuer, any action to enforce the same or any other
circumstance which might otherwise constitute a legal or equitable discharge or
defense of a guarantor.

 

(c)           The following is hereby waived: 
diligence, presentment, demand of payment, filing of claims with a court
in the event of insolvency or bankruptcy of the Issuer, any right to require a
proceeding first against the Issuer, protest, notice and all demands
whatsoever.

 

(d)           This Guarantee shall not be discharged except by complete performance
of the obligations contained in the Notes, the Indenture and this Supplemental
Indenture, and the Guaranteeing Subsidiary accepts all obligations of a
Guarantor under the Indenture.

 

(e)           If any Holder or the Trustee is required by any court or otherwise to
return to the Issuer, the Guarantors (including the Guaranteeing Subsidiary),
or any custodian, trustee, liquidator or other similar official acting in
relation to either the Issuer or the Guarantors, any amount paid either to the
Trustee or such Holder, this Guarantee, to the extent theretofore discharged,
shall be reinstated in full force and effect.

 

(f)            The Guaranteeing Subsidiary shall not be
entitled to any right of subrogation in relation to the Holders in respect of
any obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby.

 

(g)           As between the Guaranteeing Subsidiary, on the one hand, and the
Holders and the Trustee, on the other hand, (x) the maturity of the obligations
guaranteed hereby may be accelerated as provided in Article 6 of the Indenture
for the purposes of this Guarantee, notwithstanding any stay, injunction or
other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (y) in the event of any declaration of acceleration of
such obligations as provided in Article 6 of the Indenture, such obligations
(whether or not due and payable) shall forthwith become due and payable by the
Guaranteeing Subsidiary for the purpose of this Guarantee.

 

2

 

(h)           The Guaranteeing Subsidiary shall have the right to seek contribution
from any non-paying Guarantor so long as the exercise of such right does not
impair the rights of the Holders under this Guarantee.

 

(i)            Pursuant to Section 10.02 of the Indenture,
after giving effect to all other contingent and fixed liabilities that are
relevant under any applicable Bankruptcy or fraudulent conveyance laws, and
after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of any other Guarantor in respect of the
obligations of such other Guarantor under Article 10 of the Indenture, this new
Guarantee shall be limited to the maximum amount permissible such that the
obligations of such Guaranteeing Subsidiary under this Guarantee will not constitute
a fraudulent transfer or conveyance.

 

(j)            This Guarantee shall remain in full force and
effect and continue to be effective should any petition be filed by or against
the Issuer for liquidation, reorganization, should the Issuer become insolvent
or make an assignment for the benefit of creditors or should a receiver or
trustee be appointed for all or any significant part of the Issuer’s assets,
and shall, to the fullest extent permitted by law, continue to be effective or
be reinstated, as the case may be, if at any time payment and performance of
the Notes are, pursuant to applicable law, rescinded or reduced in amount, or
must otherwise be restored or returned by any obligee on the Notes and
Guarantee, whether as a “voidable preference”, “fraudulent transfer” or
otherwise, all as though such payment or performance had not been made.  In the event that any payment or any part
thereof, is rescinded, reduced, restored or returned, the Note shall, to the
fullest extent permitted by law, be reinstated and deemed reduced only by such
amount paid and not so rescinded, reduced, restored or returned.

 

(k)           In case any provision of this Guarantee shall be invalid, illegal or unenforceable,
the validity, legality, and enforceability of the remaining provisions shall
not in any way be affected or impaired thereby.

 

(l)            This Guarantee shall be a general unsecured
senior obligation of such Guaranteeing Subsidiary, ranking pari passu
with any other future Senior Indebtedness of the Guaranteeing Subsidiary, if
any.

 

(m)          Each payment to be made by the Guaranteeing Subsidiary in respect of
this Guarantee shall be made without set-off, counterclaim, reduction or
diminution of any kind or nature.

 

(3)           Execution and Delivery.  The
Guaranteeing Subsidiary agrees that the Guarantee shall remain in full force
and effect notwithstanding the absence of the endorsement of any notation of
such Guarantee on the Notes.

 

(4)           Merger, Consolidation or Sale of All or
Substantially All Assets.

 

(a)           Except as otherwise provided in Section
5.01(c) of the Indenture, the Guaranteeing Subsidiary may not consolidate or
merge with or into or wind up into (whether or not the Issuer or Guaranteeing
Subsidiary is the surviving corporation), or sell, assign, transfer, lease,
convey or otherwise dispose of all or substantially all of its properties or
assets, in one or more related transactions, to any Person unless:

 

(i)            (A) the Guaranteeing Subsidiary is the
surviving corporation or the Person formed by or surviving any such consolidation
or merger (if other than the Guaranteeing Subsidiary) or to

 

3

 

which such sale, assignment,
transfer, lease, conveyance or other disposition will have been made is a
corporation organized or existing under the laws of the jurisdiction of
organization of the Guaranteeing Subsidiary, as the case may be, or the laws of
the United States, any state thereof, the District of Columbia, or any
territory thereof (the Guaranteeing Subsidiary or such Person, as the case may
be, being herein called the “Successor
Person”);

 

(B)           the Successor Person, if other than the Guaranteeing Subsidiary,
expressly assumes all the obligations of the Guaranteeing Subsidiary under the
Indenture and the Guaranteeing Subsidiary’s related Guarantee pursuant to
supplemental indentures or other documents or instruments in form reasonably
satisfactory to the Trustee;

 

(C)           immediately after such transaction, no Default exists; and

 

(D)          the Issuer shall have delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that such consolidation, merger or
transfer and such supplemental indentures, if any, comply with the Indenture;
or

 

(ii)           the transaction is made in compliance with Section 4.10 of the
Indenture;

 

(b)           Subject to certain limitations described in
the Indenture, the Successor Person will succeed to, and be substituted for,
the Guaranteeing Subsidiary under the Indenture and the Guaranteeing Subsidiary’s
Guarantee.  Notwithstanding the
foregoing, the Guaranteeing Subsidiary may merge into or transfer all or part
of its properties and assets to another Guarantor or the Issuer.

 

(5)           Releases. The Guarantee of the Guaranteeing Subsidiary shall be automatically
and unconditionally released and discharged, and no further action by the
Guaranteeing Subsidiary, the Issuer or the Trustee is required for the release
of the Guaranteeing Subsidiary’s Guarantee, upon:

 

(1)           (A)  any sale, exchange or
transfer (by merger or otherwise) of the Capital Stock of the Guaranteeing
Subsidiary (including any sale, exchange or transfer), after which the Guaranteeing
Subsidiary is no longer a Restricted Subsidiary or all or substantially all the
assets of the Guaranteeing Subsidiary which sale, exchange or transfer is made
in compliance with the applicable provisions of the Indenture;

 

(B)           the release or discharge of the guarantee by the Guaranteeing
Subsidiary of the Senior Credit Facilities or the guarantee which resulted in
the creation of the Guarantee, except a discharge or release by or as a result
of payment under such guarantee;

 

(C)           the proper designation of the Guaranteeing Subsidiary as an
Unrestricted Subsidiary; or

 

(D)          the Issuer exercising its Legal Defeasance option or Covenant
Defeasance option in accordance with Article 8 of the Indenture or the Issuer’s
obligations under the Indenture being discharged in accordance with the terms
of the Indenture; and

 

4

 

(2)            the
Guaranteeing Subsidiary delivering to the Trustee an Officer’s Certificate and
an Opinion of Counsel, each stating that all conditions precedent provided for
in the Indenture relating to such transaction have been complied with.

 

(6)           No Recourse Against Others.  No
director, officer, employee, incorporator or stockholder of the Guaranteeing
Subsidiary shall have any liability for any obligations of the Issuer or the
Guarantors (including the Guaranteeing Subsidiary) under the Notes, any
Guarantees, the Indenture or this Supplemental Indenture or for any claim based
on, in respect of, or by reason of, such obligations or their creation.  Each Holder by accepting Notes waives and
releases all such liability.  The waiver
and release are part of the consideration for issuance of the Notes.  

 

(7)           Governing Law.  THIS
SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

 

(8)           Counterparts.  The
parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but
all of them together represent the same agreement.

 

(9)           Effect of Headings.  The
Section headings herein are for convenience only and shall not affect the
construction hereof.

 

(10)         The Trustee.  The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals
contained herein, all of which recitals are made solely by the Guaranteeing
Subsidiary.

 

(11)         Subrogation.  The Guaranteeing Subsidiary
shall be subrogated to all rights of Holders of Notes against the Issuer in
respect of any amounts paid by the Guaranteeing Subsidiary pursuant to the
provisions of Section 2 hereof and Section 10.01 of the Indenture; provided
that, if an Event of Default has occurred and is continuing, the Guaranteeing
Subsidiary shall not be entitled to enforce or receive any payments arising out
of, or based upon, such right of subrogation until all amounts then due and
payable by the Issuer under the Indenture or the Notes shall have been paid in
full.

 

(12)         Benefits Acknowledged.  The
Guaranteeing Subsidiary’s Guarantee is subject to the terms and conditions set
forth in the Indenture.  The Guaranteeing
Subsidiary acknowledges that it

 

5

 

will receive direct and indirect benefits from the
financing arrangements contemplated by the Indenture and this Supplemental
Indenture and that the guarantee and waivers made by it pursuant to this
Guarantee are knowingly made in contemplation of such benefits.

 

(13)         Successors.  All agreements of the
Guaranteeing Subsidiary in this Supplemental Indenture shall bind its
Successors, except as otherwise provided in Section 2(k) hereof or elsewhere in
this Supplemental Indenture.  All
agreements of the Trustee in this Supplemental Indenture shall bind its
successors.

 

6

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, all as of the date first above written.

 

 

	
   

  	
  WARPSPEED
  SUB INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/

  	
  Eric Bock

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Eric Bock

  	
   

  
	
   

  	
   

  	
  Title:
  Executive Vice President, General

  
	
   

  	
   

  	
  Counsel and Secretary

  
	
   

  	
   

  
	
   

  	
  THE
  BANK OF NOVA SCOTIA TRUST

  COMPANY OF NEW YORK, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Warren
  Goshine

  	
   

  
	
   

  	
   

  	
  Name: Warren A.
  Goshine

  
	
   

  	
   

  	
  Title: Vice President

  

 

7

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