Document:

Exhibit 4.1

SUPPLEMENTAL INDENTURE

SUPPLEMENTAL INDENTURE
(this “Supplemental Indenture”), dated as of October 3,
2005, is entered into by and among Mueller Group Co-Issuer, Inc. (the “Co-Issuer”), a subsidiary of Mueller Group, LLC (the “Company”), the Company, the certain Guarantors (as defined
in the Indenture referred to herein) and Law Debenture Trust Company of New
York, as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Company has heretofore executed and
delivered to the Trustee an indenture (the “Indenture”),
dated as of April 23, 2004, providing for the issuance of 10% Senior
Subordinated Notes due 2012 (the “Notes”);

WHEREAS, the Company has converted to a limited
liability company, and the Indenture provides that under certain circumstances
the Co-Issuer shall execute and deliver to the Trustee a supplemental indenture
pursuant to which the Co-Issuer shall become a co-issuer of the Notes;

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 Co-Issuer and the Trustee
mutually covenant and agree for the equal and ratable benefits 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 Co-Issue.   The
Co-Issuer hereby agrees to be deemed the co-issuer of the Notes under the terms
and subject to the conditions set forth in the Indenture, and shall, jointly
with the Company, assume all obligations of the Company under the Notes, the
Indenture and the Registration Rights Agreement.

3.     No Recourse Against Others.   No past, present or future
director, officer, employee, incorporator, stockholder or agent of the
Co-Issuer, as such, shall have any liability for any obligations of the Company
or the Co-Issuer under the Notes, the Indenture or this Supplemental Indenture
or for any claim based on, in respect of, or by any reason of, such obligations
or their creation. Each Holder of the Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes.

4.     NEW YORK
LAW TO GOVERN.   THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND
BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO THE
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF
THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

5.     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.

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

	
  

  	
  MUELLER GROUP, LLC

  
	
   

  	
  By:

  	
  /s/ MILES C. DEARDEN

  
	
   

  	
   

  	
  Name: Miles C. Dearden

  
	
   

  	
   

  	
  Title:   Vice President

  
	
   

  	
  MUELLER
  GROUP CO-ISSUER, INC.

  
	
   

  	
  By:

  	
  /s/ JOSEPH J. TROY

  
	
   

  	
   

  	
  Name: Joseph J. Troy

  
	
   

  	
   

  	
  Title:   President

  
	
   

  	
  ANVILSTAR
  LLC

  MUELLER INTERNATIONAL, INC.

  MUELLER INTERNATIONAL, L.L.C.

  MUELLER INTERNATIONAL FINANCE, INC.

  MUELLER INTERNATIONAL FINANCE, L.L.C.

  
	
   

  	
  By:

  	
  /s/ THOMAS E. FISH

  
	
   

  	
   

  	
  Name: Thomas E. Fish

  
	
   

  	
   

  	
  Title:   Authorized Person

  
	
   

  	
  ANVIL
  INTERNATIONAL, INC.

  MUELLER SERVICE CO.

  HERSEY METERS CO.

  HENRY PRATT COMPANY

  HENRY PRATT INTERNATIONAL LTD.

  HYDRO GATE ACQUISITION CORP.

  J.B. SMITH MFG CO.

  JAMES JONES COMPANY

  MILLIKEN ACQUISITION CORP.

  MUELLER CO.

  
	
   

  	
  By:

  	
  /s/ THOMAS E. FISH

  
	
   

  	
   

  	
  Name: Thomas E. Fish

  
	
   

  	
   

  	
  Title:   Authorized Person

  
	
   

  	
  LAW
  DEBENTURE TRUST COMPANY OF NEW YORK

  
	
   

  	
  By:

  	
  /s/ PATRICK J. HEALY

  
	
   

  	
   

  	
  Name: Patrick J. Healy

  
	
   

  	
   

  	
  Title:   Vice PresidentExhibit 4.1

SUPPLEMENTAL INDENTURE

SUPPLEMENTAL INDENTURE
(this “Supplemental Indenture”), dated as of October 3,
2005, is entered into by and among Mueller Water Products Co-Issuer, Inc.
(the “Co-Issuer”), a subsidiary of Mueller
Water Products, LLC (the “Company”), the
Company and Law Debenture Trust Company of New York, as trustee under the
Indenture referred to below (the “Trustee”).

W I T N E S S E T H

WHEREAS, the Company has heretofore executed and
delivered to the Trustee an indenture (the “Indenture”),
dated as of April 29, 2004, providing for the issuance of 143⁄4% Senior
Discount Notes due 2014 (the “Notes”);

WHEREAS, the Company has converted to a limited
liability company, and the Indenture provides that under certain circumstances
the Co-Issuer shall execute and deliver to the Trustee a supplemental indenture
pursuant to which the Co-Issuer shall become a co-issuer of the Notes;

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 Co-Issuer and the Trustee
mutually covenant and agree for the equal and ratable benefits 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 CO-ISSUE.   The Co-Issuer hereby agrees to be deemed the
co-issuer of the Notes under the terms and subject to the conditions set forth
in the Indenture, and shall, jointly with the Company, assume all obligations
of the Company under the Notes, the Indenture and the Registration Rights
Agreement.

3.     NO
RECOURSE AGAINST OTHERS.   No past, present or future director,
officer, employee, incorporator, stockholder or agent of the Co-Issuer, as
such, shall have any liability for any obligations of the Company or the
Co-Issuer under the Notes, the Indenture or this Supplemental Indenture or for
any claim based on, in respect of, or by any reason of, such obligations or
their creation. Each Holder of the Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the
consideration for issuance of the Notes.

4.     NEW YORK LAW TO GOVERN.   THE INTERNAL
LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS
SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO THE APPLICABLE PRINCIPLES OF
CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.

5.     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.

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

	
  

  	
  MUELLER WATER PRODUCTS, LLC.

  
	
   

  	
  By:

  	
  /s/ Miles C.
  Dearden, III

  
	
   

  	
   

  	
  Name:

  	
  Miles C.
  Dearden, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
  MUELLER
  WATER PRODUCTS CO-ISSUER, INC.

  
	
   

  	
  By:

  	
  /s/ Joseph J.
  Troy

  
	
   

  	
   

  	
  Name:

  	
  Joseph J. Troy

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
  LAW
  DEBENTURE TRUST COMPANY OF NEW YORK

  
	
   

  	
  By:

  	
  /s/ Patrick J.
  Healy

  
	
   

  	
   

  	
  Name:

  	
  Patrick J. Healy

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 [MWP Supplemental Indenture]Exhibit 10.15

 

HD PARTNERS ACQUISITION CORPORATION

 

FORM OF

FOUNDING DIRECTOR
WARRANT

PURCHASE AGREEMENT

 

THIS
FOUNDING DIRECTOR WARRANT PURCHASE AGREEMENT (the “Agreement”) is made as of
February     , 2006 between HD Partners Acquisition
Corporation, a Delaware corporation (the “Company”), on the one hand, and
Lawrence Chapman, Steven Cox, Eddy Hartenstein, Bruce Lederman
and Robert Meyers, or their designees, on the other hand (collectively, the “Purchasers”
or individually, a “Purchaser”). Except as otherwise indicated herein,
capitalized terms used herein are defined in Section 10 hereof.

 

WHEREAS,
the Purchasers are officers and directors of the Company; and

 

WHEREAS,
in furtherance of the Company’s plan to obtain funding through an initial
public offering (the “Offering”) of its units (the “Units”), each Unit
consisting of one share of common stock (the “Unit Common Stock”) and two
warrants, each to purchase one share of common stock (the “Unit Warrants” or a “Unit
Warrant”) and to demonstrate the commitment of the initial stockholders of the
Company to this plan, the Purchasers desire to make an investment in the
Company by purchasing 2,000,000 warrants (the “Founding Director Warrants” or a
“Founding Director Warrant” ) on the terms and conditions described herein; and

 

WHEREAS,
the consummation of this Agreement is a condition to the closing of the
Offering as described in the Underwriting Agreement by and between the Company
and Morgan Joseph & Co., Inc. (the “Representative”), which Underwriting
Agreement is filed as an exhibit to the Company’s registration statement on
Form S-1, SEC File No. 333-130531, as the same has been and may be amended
from time to time hereafter (the “Registration Statement”) and filed with the
Securities and Exchange Commission (the “Commission”).

 

NOW
THEREFORE, in consideration of the mutual promises contained in this Agreement
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties to this Agreement hereby agree as follows:

 

Section 1. Authorization, Purchase and Sale; Terms of the Founding Director
Warrants.

 

A. Authorization of the Founding Director Warrants.
The Company has authorized, and hereby ratifies such authorization by execution
hereof, the issuance and sale to the Purchasers of an aggregate of 2,000,000
Founding Director Warrants. Each Founding Director Warrant shall upon exercise
and payment of the exercise price specified therein entitle the holder to
purchase one share of the Company’s common stock, par value $0.001 per share
(the “Common Stock”).

 

B. Purchase and Sale of the Founding Director Warrants.
The Company shall sell to the Purchasers, and subject to the terms and
conditions set forth herein, the Purchasers shall severally purchase from the Company,
contemporaneously with the closing of the IPO, an aggregate of 2,000,000
Founding Director Warrants. Each Purchaser shall purchase that number of the
Founding Director Warrants as is set forth opposite his name in the table
contained in Exhibit A hereto. The purchase price of each Founding Director
Warrant shall be $0.60 per warrant (the “Purchase Price”), which shall be paid
in immediately available funds through wire transfers to the trust account (the
“Trust Account”) to be established pursuant to that certain Investment
Management Trust Agreement by and between the Company and American Stock
Transfer & Trust Company (“American”). The Purchase Price shall be
wired to the Trust Account by the Purchasers so as to be on deposit in the
Trust Account not less than 24 hours prior to the closing of the Offering.
Amounts so received in the Trust Account shall be credited against the
respective purchase obligations of the Purchasers as described on Exhibit A
hereto.

 

C. Terms of the Founding Director Warrants.
The Founding Director Warrants shall carry rights and terms identical to those
possessed by the Unit Warrants described in the Registration

 

 

Statement, subject to the
following exceptions: the Founding Director Warrants (i) will
not be transferable or salable by the Purchasers until such time as the Company
has completed a Business Combination, (ii) will be non-redeemable so long
as the Purchasers hold such warrants following their issuance by the Company to
such Purchasers, and (iii) together with the shares of Common Stock
underlying the Founding Director Warrants, are and will be entitled to
registration rights under the registration rights agreement (the “Registration
Rights Agreement”) to be signed contemporaneously herewith between the Purchasers,
the Initial Stockholders (as such term is defined in the Registration
Statement) and the Company. The transfer restriction set forth in (i) above shall not apply to (a) transfers
resulting from the death of any of the Purchasers, (b) transfers by operation
of law, (c) any transfer for estate planning purposes to persons
immediately related to the transferor by blood, marriage or adoption, or
(d) any trust solely for the benefit of such transferor and/or the persons
described in the preceding clause; provided, however, that with respect to each
of the transfers described in clauses (a), (b), (c) and (d) of this
sentence, that prior to such transfer, each permitted transferee or the trustee
or legal guardian for each permitted transferee (hereinafter collectively, “Permitted
Transferees” or a “Permitted Transferee”) agrees in writing to be bound by the
terms of this Agreement. Should any of the Purchasers transfer or sell Founding
Director Warrants to persons other than Permitted Transferees after the Company
has completed a Business Combination, then such Founding Director Warrants
shall on the date of such transfer immediately become redeemable under the same
terms as the Unit Warrants. Except as specifically provided
in this Agreement, the terms of the Founding Director Warrants shall in all
other respects be as set forth in the Warrant Agreement relating to the Unit
Warrants by and between the Company and American. In the event of any
conflict between this Agreement and the Warrant Agreement, the terms and
provisions of which are incorporated herein by reference, this Agreement shall
control.

 

Section 2. The Closing. The closing of the purchase and sale of
the Founding Director Warrants to the Purchasers (the “Closing”) shall take
place at the offices of Morgan Joseph & Co., Inc. at or immediately prior
to the closing of the IPO. At the Closing, the Company shall deliver warrant
certificates evidencing the Founding Director Warrants to be purchased by the
Purchasers hereunder, registered in each Purchaser’s name, upon the payment of
the aggregate purchase price therefor, by wire
transfer of immediately available funds to the Trust Account.

 

Section 3. Representations and Warranties of the Company. As a
material inducement to the Purchasers to enter into this Agreement and purchase
the Founding Director Warrants, the Company hereby represents and warrants
that:

 

A. Organization and Corporate Power. The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware and is qualified to do business in
every jurisdiction in which the failure to so qualify would reasonably be
expected to have a material adverse effect on the financial condition,
operating results or assets of the Company. The Company possesses all requisite
corporate power and authority necessary to carry out the transactions
contemplated by this Agreement.

 

B. Authorization; No Breach.

 

(i)
The execution, delivery and performance of this Agreement to which the Company
is a party will have been duly authorized by the Company as of the Closing upon
the approval hereof by the Company and its Board of Directors. This Agreement
constitutes a valid and binding obligation of the Company, enforceable in
accordance with its terms upon its execution.

 

(ii) The execution and
delivery by the Company of this Agreement, the sale and issuance of the
Founding Director Warrants hereunder, the issuance of the Common Stock upon
exercise of the Founding Director Warrants (except, with respect thereto, any
filings required under Federal or state securities laws or issuance of one or
more legal opinions in form and content reasonably satisfactory to the Company
pertaining to the availability of one or more exemptions with respect to the
issuance of the Founding Director Warrants under applicable securities laws)
and the fulfillment of and compliance with the respective terms hereof and

 

 

thereof by the Company, do
not and will not as of the Closing (i) conflict
with or result in a breach of the terms, conditions or provisions of,
(ii) constitute a default under, (iii) result in the creation of any
lien, security interest, charge or encumbrance upon the Company’s capital stock
or assets pursuant to, (iv) result in a violation of, or (v) require
any authorization, consent, approval, exemption or other action by or notice or
declaration to, or filing with, any court or administrative or governmental
body or agency pursuant to the Certificate of Incorporation of the Company or
the bylaws of the Company, or any material law, statute, rule or regulation to
which the Company is subject, or any agreement, order, judgment or decree to
which the Company is subject, except for any filings required after the date
hereof under Federal or state securities laws.

 

C. Title to Securities. Upon issuance in
accordance with, and payment pursuant to, the terms hereof, the Founding
Director Warrants to be purchased hereunder and, upon exercise of the Founding
Director Warrants, payment of the exercise price set forth therein and
conformance with the other provisions relating to the exercise thereto, the
Common Stock issuable upon exercise of such Founding
Director Warrants will be duly and validly issued, fully paid, nonassessable, and the Purchasers will have or receive good
title to such securities, free and clear of all liens, claims and encumbrances
of any kind, other than (a) transfer restrictions hereunder and under the
other agreements contemplated hereby, (b) transfer restrictions under
federal and state securities laws, and (c) liens, claims or encumbrances
imposed due to the actions of the Purchaser.

 

D. Governmental Consents. No permit, consent,
approval or authorization of, or declaration to or filing with, any
governmental authority is required in connection with the execution, delivery
and performance by the Company of this Agreement, or the consummation by the
Company of any other transactions contemplated hereby.

 

E. Disclosure. (a) The Company has
provided each Purchaser with a copy of the Registration Statement and each
Amendment to the Company’s Registration Statement, or informed each Purchaser
of the filing thereof and instructed or requested the Purchasers to review the
Registration Statement and each such Amendment on the Commission’s website .
The Company will provide the Purchasers with a copy of any and all amendments
to the Registration Statement filed by the Company with the Commission prior to
the Closing. (b) To the best of the Company’s knowledge as of the date
hereof, neither this Agreement nor the Registration Statement, taken as a
whole, contains any untrue statement of a material fact or omits to state a
material fact necessary to make the statements herein or therein not misleading
in light of the circumstances in which such statements were made.

 

Section 4. Representations, Warranties and Covenants of Purchasers.
As a material inducement to the Company to enter into this Agreement and issue
and sell the Founding Director Warrants to the Purchasers, the Purchasers
hereby severally represent, warrant and covenant to the Company (which
representations, warranties and covenants shall survive the Closing) that:

 

A. Capacity and State Law Compliance. Each
Purchaser is an individual over the age of 21 years with the legal capacity to
execute and perform the obligations imposed on each of the Purchasers
hereunder. Each Purchaser has engaged in the transactions contemplated by this
Agreement within a state in which the offer and sale of the Founding Director
Warrants is permitted under applicable securities laws. The Purchaser
understands and acknowledges that the purchase of Common Stock on exercise of
the Founding Director Warrants may require the registration of such Common
Stock under Federal and/or state securities laws or the availability of an
exemption from such registration requirements.

 

B. Authorization; No Breach.

 

(i)
This Agreement constitutes a valid and binding obligation of each Purchaser,
enforceable in accordance with its terms.

 

(ii) The execution and
delivery by Purchasers of this Agreement and the fulfillment of and compliance
with the respective terms hereof by Purchasers do not and shall not as of the

 

 

Closing conflict with or
result in a breach of the terms, conditions or provisions of any other
agreement, instrument, order, judgment or decree to which Purchaser is subject.

 

C. Investment Representations.

 

(i)
Each of the Purchasers is acquiring the Founding Director Warrants and, upon
exercise thereof, the Common Stock issuable upon such
exercise (collectively, the “Securities”) for his own account, for investment
only and not with a view towards, or for resale in connection with, any public
sale or distribution thereof.

 

(ii) Each Purchaser is an “accredited
investor” as defined in Rule 501(a)(3) of Regulation 

 

D.

 

(iii) Each Purchaser
understands that the Securities are being offered and sold to him in reliance
on specific exemptions from the registration requirements of United States
federal and state securities laws and that the Company is relying in part upon
the truth and accuracy of, and Purchaser’s compliance with, the
representations, warranties and agreements of Purchaser set forth herein in
order to determine the availability of such exemptions and the eligibility of
Purchaser to acquire such securities.

 

(iv)
Each Purchaser
initiated discussions with the Company relating to the purchase and sale of the
Securities contemplated by this Agreement on an unsolicited basis prior to the
date of this Agreement. The Purchasers did not initiate such discussions, nor
did Purchasers decide to enter into this Agreement, as a result of any general
solicitation or general advertising within the meaning of Rule 502(c) under the
Securities Act of 1933, as amended (the “Securities Act”), including the filing
of the Registration Statement.

 

(v) Each Purchaser has been
furnished with all materials relating to the business, finances and operations
of the Company and materials relating to the offer and sale of the Securities
which have been requested by Purchaser. Each Purchaser has been afforded the
opportunity to ask questions of the other executive officers and directors of
the Company. Each Purchaser understands that his investment in the Securities
involves a high degree of risk. Each Purchaser has sought such accounting,
legal and tax advice as he has considered necessary to make an informed
investment decision with respect to his acquisition of the Securities. Each
Purchaser has received and reviewed a copy of the Registration Statement,
including without limitation, the language therein under the caption “Risk
Factors,” and signed the Registration Statement signature page in his capacity
as an officer or director (or both) of the Company, as the case may be.

 

(vi)
Each Purchaser
understands that no United States federal or state agency or any other
government or governmental agency has passed on or made any recommendation or
endorsement of the Securities or the fairness or suitability of the investment
in the Securities nor have such authorities passed upon or endorsed the merits
of the offering of the Securities.

 

(vii) Each Purchaser
understands that: (a) the Securities have not been and are not being
registered under the Securities Act or any state securities laws, and may not
be offered for sale, sold, assigned or transferred unless (A) subsequently
registered thereunder or (B) sold in reliance on
an exemption therefrom; and (b) except as
specifically set forth in the Registration Rights Agreement, neither the
Company nor any other person is under any obligation to register such
securities under the Securities Act or any state securities laws or to comply
with the terms and conditions of any exemption thereunder.
In this regard, each Purchaser represents that he is familiar with Rule 144
adopted pursuant to the Securities Act, and understands the resale limitations
imposed thereby and by the Securities Act. Each Purchaser is able to bear the
economic risk of its investment in the Securities for an indefinite period of
time.

 

(viii) Each Purchaser is an
investor in securities of companies in the development stage and acknowledges
that he is able to fend for himself, has knowledge and experience in financial
and business matters, knows of the high degree of risk associated with
investments

 

 

generally and particularly
investments in the securities of companies in the development stage such as the
Company, is capable of evaluating the merits and risks of an investment in the
Securities and is able to bear the economic risk of an investment in the
Securities in the amount contemplated hereunder. Each Purchaser has adequate
means of providing for his current financial needs and contingencies and will
have no current or anticipated future needs for liquidity which would be
jeopardized by the investment in the Securities. Each Purchaser can afford a
complete loss of his investment in the Securities.

 

(ix) Without in any way
limiting the representations set forth above, the Purchasers agree not to make
any disposition of all or any portion of the Securities unless and until:

 

(1) There is then in effect
a registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with such registration
statement; or

 

(2)(i)
The Purchaser shall have notified the Company of the proposed disposition and
shall have furnished the Company with a detailed statement of the circumstances
surrounding the proposed disposition, and (ii) if reasonably requested by
the Company, the Purchaser shall have furnished the Company with an opinion of
counsel, reasonably satisfactory to the Company, that such disposition will not
require registration of such Securities under the Securities Act.
Notwithstanding the foregoing, each Purchaser also understands and acknowledges
that the transfer or exercise of the Founding Director Warrants is subject to
the specific conditions to such transfer or exercise as outlined herein, as to
which each Purchaser specifically assents by his execution hereof.

 

F. No Group. By virtue of the Purchasers
purchasing the Founding Director Warrants under this Agreement, such
participation shall not be construed so as to make any of the Purchasers part
of, or a participant in, a “group” as defined in Rule 13d-5 of the Exchange Act
with respect to any securities of the Company.

 

G. Rescission Right Waiver and Indemnification.

 

(i)
Each of the Purchasers understands and acknowledges that an exemption from the
registration requirements of the Securities Act requires that there be no
general solicitation of purchasers of the Founding Director Warrants. In this
regard, if the Offering of the Units were deemed to be a general solicitation
with respect to the Founding Director Warrants, the offer and sale of such
Founding Director Warrants may not be exempt from registration and, if not, the
Purchasers may have a right to rescind their purchases of the Founding Director
Warrants. In order to facilitate the completion of the Offering and in order to
protect the Company, its stockholders and the Trust Account from claims that
may adversely affect the Company or the interests of its stockholders, each of
the Purchasers hereby agrees to waive, to the maximum extent permitted by
applicable law, any claims, right to sue or rights in law or arbitration, as
the case may be, to seek rescission of his purchase of the Founding Director
Warrants. Each of the Purchasers acknowledges and agrees that this waiver is
being made in order to induce the Company to sell the Founding Director
Warrants to the Purchasers. Each Purchaser agrees that the foregoing waiver of
rescission rights shall apply to any and all known or unknown actions, causes
of action, suits, claims, or proceedings (collectively, “Claims”) and related
losses, costs, penalties, fees, liabilities and damages, whether compensatory,
consequential or exemplary, and expenses in connection therewith (collectively,
“Losses and Expenses”) including reasonable attorneys’ and expert witness fees
and disbursements and all other expenses reasonably incurred in investigating,
preparing or defending against any Claims, whether pending or threatened, in connection
with any present or future actual or asserted right to rescind the purchase of
the Founding Director Warrants hereunder or relating to the purchase of the
Founding Director Warrants and the transactions contemplated hereby.

 

(ii) Each Purchaser agrees
not to seek recourse against the Trust Account for any reason whatsoever in
connection with his purchase of the Founding Director Warrants or any Claim
that may arise now or in the future.

 

 

(iii) Each of the Purchasers
agree to severally indemnify and hold harmless the Company, the Representative
and the Trust Account against any and all Losses and Expenses whatsoever to
which the Company, the Representative and the Trust Account may become subject
as a result of the purchase of the Founding Director Warrants by the Purchasers
or a Purchaser, including but not limited to any Claim by any Purchaser of the
Founding Director Warrants, but only to the extent necessary to ensure that
such Losses and Expenses do not reduce the amount in the Trust Account. To the
extent that the foregoing several indemnification by the Purchasers may be
unenforceable for any reason, each of the Purchasers agree to make the maximum
contribution permissible by applicable law to the payment and satisfaction of
any Losses and Expenses relating to Claims that may or will otherwise reduce
the amount in the Trust Account. Any Losses and Expenses indemnified hereunder
by the Purchasers will be paid based on the number of Founding Director
Warrants purchased by such Purchaser relative to the total number of Founding
Director Warrants purchased by all Purchasers hereunder, except to the extent
that such Claims are brought by any of the Purchasers, in which case the
foregoing indemnity obligation shall only be that of the Purchaser making the
Claim, it being the understanding and agreement of the Purchasers that each of
them shall be held harmless by the other as to any Claims, Losses and Expenses.

 

(iv) The Purchasers
acknowledge and agree that the stockholders of the Company, including those who
purchase the Units in the Offering, are and shall be third-party beneficiaries
of the foregoing provisions of Section 5G of this Agreement.

 

(v) Each Purchaser agrees
that to the extent any waiver of rights under this Section 5G is
ineffective as a matter of law, each Purchaser has offered such waiver for the
benefit of the Company as an equitable right that shall survive any statutory
disqualification or bar that applies to a legal right. Each Purchaser
acknowledges the receipt and sufficiency of consideration received from the
Company hereunder in this regard.

 

Section 6. Conditions of the Purchasers’ Obligations at the Closing.

 

The obligation of the
Purchasers to purchase and pay for the Founding Director Warrants is subject to
the fulfillment, at or before the Closing, of each of the following conditions:

 

A. Representations and Warranties. The
representations and warranties of the Company contained in Section 3,
except for those stated to be made as of the date hereof, shall be true and
correct in all material respects at and as of the Closing as though then made,
except to the extent of changes caused by the transactions expressly
contemplated herein or in the prospectus contained in the Registration
Statement.

 

B. Performance. The Company shall have
performed and complied with all agreements, obligations and conditions
contained in this Agreement that are required to be performed or complied with
by it on or before the Closing.

 

C. Registration Statement. The Registration
Statement shall have been declared effective by the Commission and the closing
of the Offering shall take place within four business days of such effective
date or, if the Registration Statement is declared effective before 2:00 p.m.
on a business day, the closing of the Offering shall take place within three
business days of such effective date.

 

Section 7. Conditions of the Company’s Obligations at the Closing.

 

The obligations of the
Company to the Purchasers under this Agreement are subject to the fulfillment
on or before the Closing of each of the following conditions:

 

A. Representations and
Warranties. The representations and warranties of Purchasers contained in
Section 4 shall be true at and as of the Closing as though then made.

 

 

B. Performance. The
Purchasers shall have performed and complied with all agreements, obligations
and conditions contained in this Agreement that are required to be performed or
complied with by them on or before the Closing.

 

C. Corporate Consents. The
Company shall have obtained the consent of its Board of Directors authorizing
the execution, delivery and performance of this Agreement and the issuance and
sale of the Founding Director Warrants hereunder.

 

Section 8. Termination. This Agreement may or will be terminated
at any time prior to the consummation of the Closing under the following
described circumstances:

 

(i)
automatically upon the mutual written consent of the
Company and the Purchasers;

 

(ii) by
either of the Company or the Purchasers by delivery of written notice thereof,
if the Offering shall not have been consummated prior to the one-month
anniversary of the date of this Agreement; or

 

(iii) automatically
if the Offering is not closed within the time periods described in the
Underwriting Agreement after the Registration Statement is declared effective.

 

Section 9. Survival of Representations and Warranties. All of
the representations and warranties contained herein shall survive the Closing
for a period of six (6) months except as otherwise specifically provided
herein.

 

Section 10. Definitions. For the purposes of this Agreement, the
following terms have the meanings set forth:

 

“Affiliate”
of any particular Person means any other Person controlling, controlled by or
under common control with such particular Person, where “control” means the
possession, directly or indirectly, of the power to direct the management and
policies of a Person whether through the ownership of voting securities,
contract or otherwise.

 

“Business
Combination” means a merger, stock exchange, asset acquisition or similar
business combination of the Company with a target business or businesses that is its initial business combination and
which meets the size, timing and other criteria outlined in the Registration
Statement.

 

“Common
Stock” means the Company’s Common Stock, par value $0.001 per share.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Person”
means any individual, partnership, corporation, limited liability company,
association, joint stock company, trust, joint venture, unincorporated
organization or governmental entity or any department, agency or political
subdivision thereof.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Securities
and Exchange Commission” or “Commission” means the United States Securities and
Exchange Commission.

 

Section 11. Miscellaneous.

 

A. Legends.

 

(i)
The certificates evidencing the Founding Director Warrants will include the
legend set forth below, which the Purchasers have read and understand:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD, TRANSFERRED OR
OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES

 

 

ACT OF 1933, AS AMENDED, AND
ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS
AVAILABLE. THESE SECURITIES ARE ALSO SUBJECT TO INVESTMENT REPRESENTATIONS AND
RESTRICTIONS ON TRANSFER OR SALE PURSUANT TO A PURCHASE AGREEMENT DATED [             ,
2006] WHICH RESTRICTS THE TRANSFER THEREOF UNTIL
                                        
                ,
A COPY OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE OFFICES.

 

(ii) By accepting the
certificates bearing the aforesaid legend, each Purchaser agrees, prior to any
permitted transfer of the Securities represented by the certificates and
subject to the restrictions contained herein, to give written notice to the
Company expressing his desire to effect such transfer
and describing briefly the proposed transfer. Upon receiving such notice, the
Company shall present copies thereof to its counsel and the following
provisions shall apply:

 

(a) subject to the transfer
restrictions contained elsewhere in this Agreement, if, in the reasonable
opinion of counsel to the Company, the proposed transfer of such Securities may
be effected without registration under the Securities Act and applicable state
securities acts, the Company shall promptly thereafter notify the transferring
Purchaser, whereupon the transferring Purchaser shall be entitled to transfer
such Securities, all in accordance with the terms of the notice delivered by
the transferring Purchaser and upon such further terms and conditions as shall
be required to ensure compliance with the Securities Act and the applicable
state securities acts, and, upon surrender of the certificate evidencing such
Securities, in exchange therefor, a new certificate
not bearing a legend of the character set forth above if such counsel
reasonably believes that such legend is no longer required under the Securities
Act and the applicable state securities acts; and

 

(b) subject to the transfer
restrictions contained elsewhere in this Agreement, if, in the reasonable
opinion of counsel to the Company, the proposed transfer of such Securities may
not be effected without registration under the Securities Act or the applicable
state securities acts, a copy of such opinion shall be promptly delivered to
the transferring Purchaser, and such proposed transfer shall not be made unless
such registration is then in effect.

 

(iii) The Company may, from
time to time, make stop transfer notations in its records and deliver stop
transfer instructions to its transfer agent to the extent its counsel considers
it necessary to ensure compliance with the Securities Act and the applicable
state securities acts.

 

B. Successors and Assigns.
Except as otherwise expressly provided herein, all covenants and agreements
contained in this Agreement by or on behalf of any of the parties hereto shall
bind and inure to the benefit of the respective successors and assigns of the
parties hereto whether so expressed or not. Notwithstanding the foregoing or
anything to the contrary herein, the parties may not assign this Agreement.

 

C. Severability. Whenever
possible, each provision of this Agreement shall be interpreted in such manner
as to be effective and valid under applicable law, but if any provision of this
Agreement is held to be prohibited by or invalid under applicable law, such
provision shall be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement.

 

D. Counterparts. This
Agreement may be executed simultaneously in two or more counterparts, any one
of which need not contain the signatures of more than one party, but all such
counterparts taken together shall constitute one and the same Agreement.

 

E. Descriptive Headings;
Interpretation. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a substantive part of this Agreement.
The use of the word “including” in this Agreement shall be by way of example
rather than by limitation.

 

 

F. Governing Law. The
general corporation law of the State of Delaware shall govern all issues and
questions concerning the construction, validity, enforcement and interpretation
of this Agreement, without giving effect to any choice of law or conflict of
law rules or provisions that would cause the application of the laws of any
jurisdiction other than the State of Delaware

 

G. Notices. All notices,
demands or other communications to be given or delivered under or by reason of
the provisions of this Agreement shall be in writing and shall be deemed to
have been given when delivered personally to the recipient, sent to the recipient
by reputable overnight courier service (charges prepaid) or mailed to the
recipient by certified or registered mail, return receipt requested and postage
prepaid. Such notices, demands and other communications shall be sent:

 

 

	
  If to the Company:

  	
   

  	
  HD Partners Acquisition
  Corporation

  
	
   

  	
   

  	
  2601 Ocean Park Boulevard,
  Suite 320

  
	
   

  	
   

  	
  Santa Monica, California
  90405

  
	
   

  	
   

  	
  Fax No.: (310) [               ]

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Ellenoff Grossman & Schole
  LLP

  
	
   

  	
   

  	
  370 Lexington Avenue

  
	
   

  	
   

  	
  New York, New York 10017
  Attn: Douglas Ellenoff, Esq.

  
	
   

  	
   

  	
  Fax No.: (212) 370-7889

  

 

If
to the Purchaser: At the address of the respective Purchaser as set forth in
the records of the Company.

 

or to such other address or to the attention of
such other person as the recipient party has specified by prior written notice
to the sending party.

 

H. No Strict Construction.
The parties hereto have participated jointly in the negotiation and drafting of
this Agreement. In the event an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly
by the parties hereto, and no presumption or burden of proof shall arise
favoring or disfavoring any party by virtue of the authorship of any of the
provisions of this Agreement.

 

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

 

 

	
   

  	
  HD PARTNERS ACQUISITION

  CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Eddy
  Hartenstein

  
	
   

  	
   

  	
  President
  and Chief Executive Officer

  
	
   

  	
   

  
	
   

  	
  THE
  PURCHASERS:

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Lawrence
  Chapman

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Steven
  Cox

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
							

 

 

	
   

  	
  Eddy
  Hartenstein

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bruce
  Lederman

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Robert
  Meyers

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
				

 

 

Exhibit A 

 

 

	
  Lawrence Chapman

  	
   

  	
  $

  	
          

  	
   

  
	
  Steven Cox

  	
   

  	
  $

  	
   

  	
   

  
	
  Eddy Hartenstein

  	
   

  	
  $

  	
          

  	
   

  
	
  Bruce Lederman

  	
   

  	
  $

  	
   

  	
   

  
	
  Robert Meyers

  	
   

  	
  $

  	
          

  	
   

  
	
  Total

  	
   

  	
  $

  	
  1,200,000

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