Document:

NEWS RELEASE 

  	
   

  	
  

  

Exhibit
10.2

Media
Contact:
 Jared Matkin, Overstock.com, Inc.

+1 (801) 947-3880

jmatkin@overstock.com

Investor
Contact:

Kevin Moon,
Overstock.com, Inc.
 +1 (801) 947-3282
 kmoon@overstock.com

OVERSTOCK.COM COMPLETES SALE OF OTRAVEL.COM

SALT LAKE CITY (April 25, 2007) — Overstock.com, Inc.
(NASDAQ: OSTK) today announced that it has completed the sale of its wholly
owned subsidiary OTravel.com, Inc. to Castles Travel, Inc., an affiliate of
Kinderhook Industries, LLC, and Castles Media Company LLC, for $17.0 million,
including cash of $11.0 million.

OTravel (formerly known as Ski West, Inc.) is a Park
City, Utah-based on-line travel company specializing in customized lodging and
vacation packages, primarily in popular ski areas in the U.S. and Canada.

About Overstock.com

Overstock.com, Inc. is an online “closeout” retailer
offering discount, brand-name merchandise for sale over the Internet. The
company offers its customers an opportunity to shop for bargains conveniently,
while offering its suppliers an alternative inventory liquidation distribution
channel. Overstock.com, headquartered in Salt Lake City, is a publicly traded
company listed on the NASDAQ Global Market and can be found online at
http://www.overstock.com.

About Kinderhook

Kinderhook Industries, LLC (“Kinderhook”) is a private
equity firm with $470.0 million under management.  Kinderhook partners
with highly talented management teams to pursue private equity investments in
non-core divisions of public companies, management buyouts of
entrepreneurial-owned businesses and troubled situations and existing small 

capitalization companies lacking institutional
support.  Kinderhook’s principals have completed in excess of fifty
transactions, investing over $1.0 billion throughout their investment careers.
 Representative investments include companies in the health care services,
basic manufacturing and business services industries. More information
regarding Kinderhook can be found at http://www.kinderhookindustries.com.

About Castles Media Company

Castles Media Company was created to operate industry
leading, highly targeted media properties in attractive vertical markets. 
The Company plans to acquire and develop several category-specific media
properties that can generate significant value by connecting buyers and sellers
more efficiently and with greater utility than traditional mass
media.   Castles Media is led by
Julian Castelli, a tenured senior executive with a successful track record of both
leading large public companies and building and developing smaller start-up
organizations.   More information
regarding Castles Media can be found at http://www.castlesmedia.com.

# # #

Overstock.com is a registered
trademark of Overstock.com, Inc. All other trademarks are the property of their
respective companies.

 2Exhibit 4.1

Execution Copy

 

Registration Rights Agreement

Dated as of October 3, 2006

among

Georgia Gulf Corporation

The Guarantors listed on Schedule
A hereto

and

Merrill Lynch, Pierce, Fenner
& Smith

Incorporated,

Lehman Brothers Inc.,

and

Banc of America Securities LLC,

as Representatives of the several
Initial Purchasers listed on Schedule B hereto

 

REGISTRATION
RIGHTS AGREEMENT

This Registration Rights Agreement (the “Agreement”)
is made and entered into this 3rd day of October, 2006, among Georgia Gulf
Corporation, a Delaware corporation (the “Company”), the guarantors listed on Schedule
A hereto (the “Guarantors”) and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Lehman Brothers Inc., Banc of America Securities LLC, as
representatives (the “Representatives”) of the several Initial Purchasers named
in Schedule B hereto (collectively, the “Initial Purchasers”).

This Agreement is made pursuant to the Purchase
Agreement, dated September 28, 2006, among the Company, the Guarantors and the
Representatives (the “Purchase Agreement”), which provides for the sale by the
Company to the Initial Purchasers of $500.0 million in aggregate principal
amount of the Company’s 9.5% Senior Notes, Series A due 2014 (the “Senior Notes”)
and $200.0 million in aggregate principal amount of the Company’s 10.75% Senior
Subordinated Notes, Series A due 2016 (the “Senior Subordinated Notes” and
together with the Senior Notes, the “Securities”).  In order to induce the Initial Purchasers to
enter into the Purchase Agreement, the Company and the Guarantors have agreed
to provide to the Initial Purchasers and their direct and indirect transferees
the registration rights set forth in this Agreement.  The execution of this Agreement is a
condition to the closing under the Purchase Agreement.

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

1.                                       Definitions.

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

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

“1934 Act” shall mean the Securities
Exchange Act of l934, as amended from time to time.

“Additional Interest” shall have the meaning
set forth in Section 2.5 hereof.

“Closing Date” shall mean the Closing Time
as defined in the Purchase Agreement.

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

“Depositary” shall mean The Depository Trust
Company, or any other depositary appointed by the Company, provided,
however, that such depositary must have an address in the Borough of
Manhattan, in the City of New York.

“Effectiveness Period” shall have the meaning
set forth in Section 2.2 hereof.

“Event Date” shall have the meaning set forth
in Section 2.5 hereof.

“Exchange Offer” shall mean the exchange
offer by the Company of Exchange Securities for Transfer Restricted Securities
pursuant to Section 2.1 hereof.

“Exchange Offer Registration” shall
mean a registration under the 1933 Act effected pursuant to Section 2.1 hereof.

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

“Exchange Period” shall have the meaning set
forth in Section 2.1 hereof.

“Exchange Securities” shall mean the
Exchange Senior Notes and/or the Exchange Senior Subordinated Notes, as
applicable.

“Exchange Senior Notes” shall mean the 9.5%
Senior Notes due 2014, Series B, issued by the Company under the Senior
Indenture containing substantially the same terms as the Senior Notes (except
for references to certain interest rate provisions, restrictions on transfers
and restrictive legends), to be offered to Holders of Senior Notes in exchange
for such Senior Notes pursuant to the Exchange Offer.

“Exchange Senior Subordinated Notes” shall mean
the 10.75% Senior Subordinated Notes due 2016, Series B, issued by the Company
under the Senior Subordinated Indenture containing substantially the same terms
as the Senior Subordinated Notes (except for references to certain interest
rate provisions, restrictions on transfers and restrictive legends), to be
offered to Holders of Senior Subordinated Notes in exchange for such Senior
Subordinated Notes pursuant to the Exchange Offer.

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

“Holder” shall mean any Initial Purchaser, for
so long as it owns any Transfer Restricted Securities, and each of its
successors, assigns and direct and indirect transferees who become owners of
Transfer Restricted Securities, beneficial or otherwise, under the Indenture
and each Participating Broker-Dealer that holds Exchange Securities for so long
as such Participating Broker-Dealer is required to deliver a prospectus meeting
the requirements of the 1933 Act in connection with any resale of such Exchange
Securities.

“Indenture” shall mean the Senior Indenture
and/or the Senior Subordinated Indenture, as applicable.

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

“Issuer Free Writing Prospectus” shall have the
meaning set forth in Section 2.8 hereof.

 2
 

“Majority Holders” shall mean the Holders
of a majority of the aggregate principal amount of outstanding Senior Notes or
Senior Subordinated Notes, as applicable, that are Transfer Restricted
Securities;  provided
that whenever the consent or approval of Holders of a specified percentage of
Senior Notes or Senior Subordinated Notes, as applicable, that are Transfer Restricted
Securities is required hereunder, Senior Notes or Senior Subordinated Notes
that are Transfer Restricted Securities, 
held by the Company and other obligors on the Securities or any
Affiliate (as defined in the applicable Indenture) of the Company shall be
disregarded in determining whether such consent or approval was given by the
Holders of such required percentage amount.

“NASD” shall mean the National Association of
Securities Dealers, Inc.

“Participating Broker-Dealer” shall mean
any of the Initial Purchasers and any other broker-dealer which makes a market
in the Securities and exchanges Transfer Restricted Securities in the Exchange
Offer for Exchange Securities.

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

“Private Exchange” shall have the meaning set
forth in Section 2.1 hereof.

“Private Exchange Securities” shall have the
meaning set forth in Section 2.1 hereof.

“Prospectus” shall mean the prospectus included
in a Registration Statement, including any preliminary prospectus, and any such
prospectus as amended or supplemented by any prospectus supplement, including
any such prospectus supplement with respect to the terms of the offering of a
portion of any Transfer Restricted Securities covered by a Shelf Registration
Statement, and by all other amendments and supplements to a prospectus,
including post-effective amendments, and in each case including all material
incorporated by reference therein.

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

“Registration Default” shall have the meaning
set forth in Section 2.5 hereof.

“Registration Expenses” shall mean any and
all expenses incident to performance of or compliance by the Company and the
Guarantors with this Agreement, whether or not a Registration Statement becomes
effective, including without limitation: 
(i) all SEC, stock exchange or NASD registration and filing fees,
including, if applicable, the fees and expenses of any “qualified independent
underwriter” (and its counsel) that is required to be retained by any holder of
Transfer Restricted Securities in accordance with the rules and regulations of
the NASD, (ii) all fees and expenses incurred in connection with
compliance with state securities or blue sky laws and compliance with the rules
of the NASD (including reasonable fees and disbursements of counsel for any
underwriters or Holders in connection with blue sky qualification of any
Exchange Securities or Transfer Restricted Securities and any filings with the
NASD), (iii) all expenses of any Persons in preparing or assisting in
preparing, word processing, printing and distributing any Registration Statement,
any Prospectus, any

 3
 

amendments or supplements thereto, any underwriting
agreements, securities sales agreements and other documents relating to the
performance of and compliance with this Agreement, (iv) all fees and expenses
incurred in connection with the listing, if any, of any Transfer Restricted
Securities on any securities exchange or exchanges, (v) all rating agency fees,
(vi) the fees and disbursements of counsel for the Company and the
Guarantors and of the independent public accountants of the Company, including
the expenses of any special audits or “comfort” letters required by or incident
to such performance and compliance, (vii) the fees and expenses of the
Trustee, and any escrow agent or custodian, (viii) the reasonable fees and
expenses of the Initial Purchasers in connection with the Exchange Offer,
including the reasonable and documented fees and expenses of counsel to the
Initial Purchasers in connection therewith, (ix) the reasonable and documented
fees and disbursements of Latham & Watkins LLP, special counsel
representing the Holders of Transfer Restricted Securities and (x) any
fees and disbursements of the underwriters customarily required to be paid by
issuers or sellers of securities, but excluding underwriting discounts and commissions
and transfer taxes, if any, relating to the sale or disposition of Transfer
Restricted Securities by a Holder.

“Registration Statement” shall mean any
registration statement of the Company and the Guarantors which covers any of
the Exchange Securities or Transfer Restricted Securities pursuant to the
provisions of this Agreement, and all amendments and supplements to any such
Registration Statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

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

“SEC” shall mean the Securities and Exchange
Commission or any successor agency or government body performing the functions
currently performed by the United States Securities and Exchange Commission.

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

“Senior Indenture” shall mean the Indenture
relating to the Senior Notes, dated as of the date hereof, among the Company,
the Guarantors and LaSalle Bank, National Association, as trustee, as the same
may be amended, supplemented, waived or otherwise modified from time to time in
accordance with the terms thereof.

“Senior Notes” shall have the meaning set forth
in the preamble.

“Senior Subordinated Indenture” shall mean the
Indenture relating to the Senior Subordinated Notes, dated as of the date
hereof, among the Company, the Guarantors and LaSalle Bank National
Association, as trustee, as the same may be amended, supplemented, waived or
otherwise modified from time to time in accordance with the terms thereof.

“Senior Subordinated Notes” shall have the
meaning set forth in the preamble.

“Shelf Registration” shall mean a
registration effected pursuant to Section 2.2 hereof.

 4
 

“Shelf Registration Statement” shall
mean a “shelf” registration statement of the Company and the Guarantors
pursuant to the provisions of Section 2.2 of this Agreement which covers all of
the Transfer Restricted Securities or all of the Private Exchange Securities on
an appropriate form under Rule 415 under the 1933 Act, or any similar rule that
may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

“Suspension Period” shall have the meaning set
forth in Section 2.7 hereof.

“TIA” shall mean the Trust Indenture Act of
1939, as amended.

“Transfer Restricted Securities” shall mean the
Securities and, if issued, the Private Exchange Securities; provided, however, that Securities and, if issued, the
Private Exchange Securities, shall cease to be Transfer Restricted Securities
upon the earliest to occur of (i)  the
date on which such Security has been exchanged by a Person other than a
broker-dealer for an Exchange Security in the Exchange Offer; (ii) following
the exchange by a Participating Broker-Dealer in the Exchange Offer of a
Security for an Exchange Security, the date on which such Exchange Security is
sold to a purchaser who receives from such broker-dealer on or prior to the
date of such sale a copy of the prospectus contained in the Exchange Offer
Registration Statement; (iii) the date on which such Security has been
effectively registered under the 1933 Act and disposed of in accordance with
the Shelf Registration Statement; or (iv) the date on which such Security is
distributed to the public pursuant to Rule 144 under the 1933 Act.

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

“Underwriter” shall have the meaning set forth
in Section 4(a) hereof.

2.                             Registration Under the 1933 Act.

2.1   Exchange Offer.   The
Company and the Guarantors shall, at their cost, (A) prepare and, on or
prior to 210 days following the Closing Date, file with the SEC an Exchange
Offer Registration Statement on an appropriate form under the 1933 Act with
respect to a proposed Exchange Offer and the issuance and delivery to the
Holders, in exchange for the Transfer Restricted Securities (other than Private
Exchange Securities), of a like principal amount of Exchange Securities,
(B) use all commercially reasonable efforts to cause the Exchange Offer
Registration Statement to be declared effective under the 1933 Act on or prior
to 300 days following the Closing Date, (C) use all commercially
reasonable efforts to keep the Exchange Offer Registration Statement effective
until the closing of the Exchange Offer, and (D) use all commercially
reasonable efforts to cause the Exchange Offer to be consummated not later than
30 business days after the effective date of the Exchange Offer Registration
Statement.  Upon the effectiveness of the
Exchange Offer Registration Statement, the Company and the Guarantors shall
promptly commence the Exchange Offer, it being the objective of such Exchange
Offer to enable each Holder eligible and electing to exchange Transfer
Restricted Securities for Exchange Securities (assuming that such Holder
(a) is not an affiliate of the Company within the meaning of Rule 405
under the 1933 Act, (b) is not a broker-dealer tendering Transfer
Restricted Securities acquired directly from the Company for its own account,

 5
 

(c) acquired the Exchange Securities in the
ordinary course of such Holder’s business, and (d) has no arrangements or
understandings with any Person to participate in the Exchange Offer for the
purpose of distributing the Exchange Securities) to transfer such Exchange
Securities from and after their receipt without any limitations or restrictions
under the 1933 Act and under state securities or blue sky laws.

In connection with the
Exchange Offer, the Company and the Guarantors shall:

(a)        mail as promptly as practicable to each Holder a copy of the
Prospectus forming part of the Exchange Offer Registration Statement, together
with an appropriate letter of transmittal and related documents;

(b)        keep the Exchange Offer open for acceptance for a period of
not less than 30 calendar days after the date notice thereof is mailed to
the Holders (or longer if required by applicable law) (such period referred to
herein as the “Exchange Period”);

(c)        utilize the services of the Depositary for the Exchange Offer;

(d)        permit Holders to withdraw tendered Transfer Restricted
Securities at any time prior to 5:00 p.m. (Eastern Time), on the last business
day of the Exchange Period;

(e)        notify each Holder that any Transfer Restricted Security not
tendered will remain outstanding and continue to accrue interest, but will not
retain any rights under this Agreement (except in the case of the Initial
Purchasers and Participating Broker-Dealers as provided herein); and

(f)         otherwise comply in all respects with all applicable laws
relating to the Exchange Offer.

If, prior to consummation of
the Exchange Offer, the Initial Purchasers hold any Securities acquired by them
and having the status of an unsold allotment in the initial distribution, the
Company and the Guarantors upon the request of any Initial Purchaser shall,
simultaneously with the delivery of the Exchange Securities in the Exchange
Offer, issue and deliver to such Initial Purchaser in exchange (the “Private
Exchange”) for the Securities held by such Initial Purchaser, a like principal
amount of debt securities of the Company that are identical (except that such
securities shall bear appropriate transfer restrictions) to the Exchange
Securities (the “Private Exchange Securities”).

The Exchange Securities and
the Private Exchange Securities 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 but that the
Private Exchange Securities shall be subject to such transfer
restrictions.  The Senior Indenture or
such indenture shall provide that the Exchange Senior Notes, the Senior Notes
that are Private Exchange Securities and the Senior Notes shall vote and
consent together on all matters as one class and that none of them will have
the right to vote or consent as a separate class on any matter.  The Senior Subordinated Indenture or such
indenture

 6
 

shall provide that the Exchange Senior Subordinated
Notes, the Senior Subordinated Notes that are Private Exchange Securities, and
the Senior Subordinated Notes shall vote and consent together on all matters as
one class and that none of them will have the right to vote or consent as a
separate class on any matter.  The
Private Exchange Securities shall be of the same series as and the Company and
the Guarantors shall use all commercially reasonable efforts to have the
Private Exchange Securities bear the same CUSIP numbers as the applicable
Exchange Securities.  Neither the Company
nor the Guarantors shall have any liability under this Agreement solely as a
result of such Private Exchange Securities not bearing the same CUSIP numbers
as the applicable Exchange Securities.

As soon as practicable after
the close of the Exchange Offer and/or the Private Exchange, as the case may
be, the Company shall:

(i)  accept for exchange all
Transfer Restricted Securities duly tendered and not validly withdrawn pursuant
to the Exchange Offer in accordance with the terms of the Exchange Offer
Registration Statement and the letter of transmittal which shall be an exhibit
thereto;

(ii)  accept for exchange all
Securities properly tendered pursuant to the Private Exchange;

(iii)  deliver to the Trustee for
cancellation all Transfer Restricted Securities so accepted for exchange; and

(iv)  cause the Trustee promptly
to authenticate and deliver Exchange Securities or Private Exchange Securities,
as the case may be, to each Holder of Transfer Restricted Securities so
accepted for exchange in a principal amount equal to the principal amount of
the Transfer Restricted Securities of such Holder so accepted for exchange.

Interest on each Exchange
Security and Private Exchange Security will accrue from the last date on which
interest was paid on the Transfer Restricted Securities surrendered in exchange
therefor or, if no interest has been paid on the Transfer Restricted
Securities, from the date of original issuance. 
The Exchange Offer and the Private Exchange shall not be subject to any
conditions, other than (i) that the Exchange Offer or the Private Exchange, or
the making of any exchange by a Holder, does not violate any applicable law or
any applicable interpretation of the staff of the SEC, (ii) the due tendering
of Transfer Restricted Securities in accordance with the Exchange Offer and the
Private Exchange, (iii) that each Holder of Transfer Restricted Securities
exchanged in the Exchange Offer shall have represented that all Exchange
Securities to be received by it shall be acquired in the ordinary course of its
business and that at the time of the consummation of the Exchange Offer it
shall have no arrangement or understanding with any person to participate in
the distribution (within the meaning of the 1933 Act) of the Exchange
Securities and shall have made such other representations as may be reasonably
necessary under applicable SEC rules, regulations or interpretations to render
the use of Form S-4 or other appropriate form under the 1933 Act available and
(iv) that no action or proceeding shall have been instituted or threatened
in any court or by or before any governmental agency with respect

 7
 

to the Exchange Offer or the Private Exchange which,
in the Company’s judgment, would reasonably be expected to impair the ability
of the Company or the Guarantors to proceed with the Exchange Offer or the
Private Exchange.  The Company shall
inform the Initial Purchasers of the names and addresses of the Holders to whom
the Exchange Offer is made, and the Initial Purchasers shall have the right to
contact such Holders and otherwise facilitate the tender of Transfer Restricted
Securities in the Exchange Offer.

2.2   Shelf Registration.   If
(i) the Company and the Guarantors are not (A) required to file the Exchange
Offer Registration Statement, or (B) permitted to consummate the Exchange Offer
because the Exchange Offer is not permitted by applicable law or SEC policy; or
(ii) any Holder of Transfer Restricted Securities notifies the Company prior to
the 20th business day following consummation of the Exchange Offer that (A) it
is prohibited by law or SEC policy from participating in the Exchange Offer,
(B) it may not resell the Exchange Securities acquired by it in the Exchange
Offer to the public without delivering a Prospectus and the Prospectus
contained in the Exchange Offer Registration Statement is not appropriate or
available for such resales, or (C) it is a Participating Broker-Dealer and owns
Securities acquired directly from the Company or an affiliate of the Company,
the Company and the Guarantors shall:

(a)        File with the SEC no
later than 30 days after such obligation arises (provided that in no event
shall the Company be obligation to make any such filing before 210 days
following the Closing Date), and thereafter shall use all commercially
reasonable efforts to cause to be declared effective on or prior to 90 days
after such filing obligation arises, a Shelf Registration Statement relating to
the offer and sale of the Transfer Restricted Securities by the Holders that
have provided information set forth in Section 2.6 hereof from time to time in
accordance with the methods of distribution elected by the Majority Holders
participating in the Shelf Registration and set forth in such Shelf
Registration Statement.

(b)        Use all commercially
reasonable efforts to keep the Shelf Registration Statement continuously
effective in order to permit the Prospectus forming part thereof to be usable
by Holders for a period of two years from the Closing Date, or for such shorter
period that will terminate with respect to the Transfer Restricted Securities
that are part of such Shelf Registration when all Transfer Restricted Securities
covered by the Shelf Registration Statement have been sold pursuant to the
Shelf Registration Statement or cease to be outstanding or otherwise to be
Transfer Restricted Securities (the “Effectiveness Period”);  provided, however,
that the Effectiveness Period in respect of the Shelf Registration Statement
shall be extended to the extent required to permit dealers to comply with the
applicable prospectus delivery requirements of Rule 174 under the 1933 Act and
as otherwise provided herein.

(c)        Notwithstanding any
other provisions hereof, use all commercially reasonable efforts to ensure that
(i) any Shelf Registration Statement and any amendment thereto and any
Prospectus forming part thereof and any supplement thereto complies in all
material respects with the 1933 Act and the rules and

 8
 

regulations thereunder,
(ii) any Shelf Registration Statement and any amendment thereto (other than
with respect to information furnished in writing by any Holder to the Company
expressly for use therein) does not, when it becomes effective, 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 not misleading
and (iii) any Prospectus forming part of any Shelf Registration Statement, and
any supplement to such Prospectus, as amended or supplemented from time to time
(other than with respect to information furnished in writing by any Holder to
the Company expressly for use therein), does not include an untrue statement of
a material fact or omit to state a material fact necessary in order to make the
statements, in light of the circumstances under which they were made, not
misleading.

Neither the Company nor the
Guarantors shall permit any securities other than Transfer Restricted
Securities to be included in the Shelf Registration Statement.

2.3   Expenses.   The
Company and the Guarantors, jointly and severally, agree to pay all
Registration Expenses in connection with any registration pursuant to Section
2.1 or Section 2.2 hereof.  Each Holder
shall pay all underwriting discounts and commissions and transfer taxes, if
any, relating to the sale or disposition of such Holder’s Transfer Restricted
Securities pursuant to the Shelf Registration Statement.

2.4.   Effectiveness.   An
Exchange Offer Registration Statement pursuant to Section 2.1 hereof or a Shelf
Registration Statement pursuant to Section 2.2 hereof will not be deemed to
have become effective unless it has been declared effective by the SEC or has
become automatically effective under the 1933 Act; provided,
however, that if, after it has been declared effective, the offering
of Transfer Restricted Securities pursuant to an Exchange Offer Registration
Statement or a Shelf Registration Statement is interfered with by any stop
order, injunction or other order or requirement of the SEC or any other
governmental agency or court, such Registration Statement will be deemed not to
have become effective during the period of such interference, until the
offering of Transfer Restricted Securities pursuant to such Registration
Statement may legally resume.

2.5   Interest.   In
the event (a) the Company and the Guarantors fail to file the Exchange Offer
Registration Statement or the Shelf Registration Statement required by this
Agreement on or before the date specified herein for such filing; (b) the
Exchange Offer Registration Statement or the Shelf Registration Statement, as
applicable, is not declared effective by the SEC on or prior to the deadline
for effectiveness specified herein; (c) the Company and the Guarantors fail to
consummate the Exchange Offer within 30 business days after the SEC declares
the Exchange Offer Registration Statement effective with respect to the
Exchange Offer Registration Statement; or (d) the Shelf Registration Statement
or the Exchange Offer Registration Statement is declared effective but
thereafter ceases to be effective or usable in connection with resales of
Transfer Restricted Securities during the periods specified herein (each such
event referred to in clauses (a) through (d) above, a “Registration Default”),
the interest rate borne by the Transfer Restricted Securities affected thereby
shall be increased (“Additional Interest”) by 0.25% per annum with respect to
the first 90-day period immediately

 9
 

following the occurrence of the first Registration
Default, which rate will increase by 0.25% each succeeding 90-day period until
all Registration Defaults have been cured, provided that
the maximum aggregate increase in the interest rate will in no event exceed
1.0% per annum of the principal amount of Transfer Restricted Securities affected
thereby.  Following the cure of all
Registration Defaults the accrual of Additional Interest will cease.

The Company shall notify
the Trustee within three business days after each and every date on which an
event occurs in respect of which Additional Interest is required to be paid (an
“Event Date”).  Additional Interest shall
be paid by depositing with the Trustee, in trust, for the benefit of the
Holders of Transfer Restricted Securities on or before the applicable
semiannual interest payment date, immediately available funds in sums
sufficient to pay the Additional Interest then due.  The Additional Interest due shall be payable
on each interest payment date to the record Holder of Securities entitled to
receive the interest payment to be paid on such date as set forth in the
applicable Indenture.  Each obligation to
pay Additional Interest shall be deemed to accrue from and including the day
following the applicable Event Date.

2.6   Information.   Notwithstanding
any other provision hereof, no Holder of Transfer Restricted Securities may
include any of its Transfer Restricted Securities in a Shelf Registration
Statement pursuant to Section 2.2 of this Agreement unless the Holder furnishes
to the Company such information in writing as the Company may reasonably
request upon 20 days written notice for use in connection with such Shelf
Registration Statement or Prospectus included therein and in any application to
be filed with or under state securities laws. 
At least 30 days prior to the filing of the Shelf Registration
Statement, the Company will provide notice to the Holders of its intention to
file the Shelf Registration Statement. 
In order to be named as a selling securityholder in the Prospectus at
the time of effectiveness of the Shelf Registration Statement, each Holder
must, before the filing of the Shelf Registration Statement and no later than
the 20th day after being notified of the Company’s intention to file, furnish
such information that the Company may reasonably request upon 10 days written
notice, if any, to the Company in writing and the Company shall include such
information, if any, in the Shelf Registration Statement and the Prospectus in
a manner so that upon effectiveness of the Shelf Registration Statement the
Holder will be permitted to deliver the Prospectus to purchasers of the Holder’s
Transfer Restricted Securities.  From and
after the date that a Shelf Registration Statement is first declared effective
by the SEC or becomes automatically effective under the 1933 Act, upon receipt
of the written information described above, if any, the Company will use its
commercially reasonable efforts to file within 20 business days any amendments
or supplements to the Shelf Registration Statement necessary for such Holder to
be named as a selling securityholder in the Prospectus contained therein to
permit such Holder to deliver the Prospectus to purchasers of the Holder’s
Transfer Restricted Securities (subject to the Company’s right to suspend a
Shelf Registration Statement as described in Section 2.7 below); provided, however, that
the Company shall not be required to file more than one such amendment to a
Shelf Registration Statement in any calendar quarter for all such Holders.  Holders that do not deliver the information
provided for in this Section 2.6 will not be named as selling securityholders
in the Prospectus.  Each Holder named as
a selling securityholder in the Prospectus agrees to promptly furnish to the
Company all information required to be disclosed in order to make information
previously furnished to the Company by the Holder not materially misleading and
any other information regarding such Holder and the distribution of such Holder’s
Transfer Restricted Securities as the Company may reasonably request in
writing.

 10

2.7           Suspension.  Notwithstanding any other provision hereof,
the Company may suspend the use of any Prospectus, without incurring or
accruing any obligation to pay Additional Interest pursuant to Section 2.5
hereof or being deemed in violation of any other provision hereof, for a period
not to exceed 60 calendar days in any twelve-month period (each such period, a “Suspension
Period”) if the board of directors of the Company shall have determined in good
faith by written resolution that because of valid business reasons (not
including avoidance of the Company’s or the Guarantors’ obligations hereunder),
including proposed or pending corporate developments or scheduled or pending
filings with the SEC, it is in the best interests of the Company and the
Guarantors to suspend such use, and prior to suspending such use the Company
provides the Holders with written notice of such suspension.

2.8           Free Writing Prospectus.  The Company and the Guarantors, jointly and
severally, represent, warrant and agree that, unless they obtain the prior
consent of the Majority Holders or the approval of the counsel for such
Holders, or the consent of the managing underwriter in connection with any
underwritten offering of Transfer Restricted Securities, and each Holder
represents, warrants and agrees that, unless it obtains the prior consent of
the Company and any such underwriter, it will not make any offer relating to
the Securities that would constitute an “issuer free writing prospectus,” as
defined in Rule 433 under the 1933 Act (an “Issuer Free Writing Prospectus”),
or that would otherwise constitute a “free writing prospectus,” as defined in
Rule 405 under the 1933 Act, required to be filed with the SEC.  The Company and the Guarantors, jointly and
severally, represent, warrant and agree that any Issuer Free Writing Prospectus
will not include any information that conflicts with the information contained
in a Registration Statement or Prospectus and that any Issuer Free Writing
Prospectus, when taken together with the information in the Registration
Statement and the Prospectus, will not include any untrue statement of a
material fact or omit to state any material fact necessary in order to make the
statements therein, in light of the circumstances under which they were made, not
misleading.

3.             Registration Procedures.    In connection with the obligations of the
Company and the Guarantors with respect to Registration Statements pursuant to
Sections 2.1 and 2.2 hereof, the Company and the Guarantors shall, at their
cost:

(a)           prepare and file
with the SEC a Registration Statement, within the relevant time period
specified in Section 2, on the appropriate form under the 1933 Act, which form
(i) shall be selected by the Company, (ii) shall, in the case of a Shelf
Registration, be available for the sale of the Transfer Restricted Securities
by the selling Holders thereof, (iii) shall comply as to form in all material
respects with the requirements of the applicable form and include or
incorporate by reference all financial statements required by the SEC to be
filed therewith or incorporated by reference therein, and (iv) shall comply in
all respects with the requirements of Regulation S-T under the 1933 Act, and
use all commercially reasonable efforts to cause such Registration Statement to
become effective and remain effective in accordance with Section 2 hereof;

(b)           prepare and file
with the SEC such amendments and post-effective amendments to each Registration
Statement as may be necessary under applicable law to keep such Registration Statement
effective for the applicable period; and cause each Prospectus to be

 11
 

supplemented
by any required prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 (or any similar provision then in force) under the 1933
Act and comply with the provisions of the 1933 Act, the 1934 Act and the rules
and regulations thereunder applicable to them with respect to the disposition
of all securities covered by each Registration Statement during the applicable
period in accordance with the intended method or methods of distribution by the
selling Holders thereof (including sales by any Participating Broker-Dealer);

(c)           in the case of a
Shelf Registration, (i) notify each Holder of Transfer Restricted Securities,
at least 20 days prior to filing, that a Shelf Registration Statement with
respect to the Transfer Restricted Securities is being filed and advising such
Holders that the distribution of Transfer Restricted Securities will be made in
accordance with the method selected by the Majority Holders participating in
the Shelf Registration; (ii) furnish to each Holder of Transfer Restricted
Securities that has provided the information required by Section 2.6 hereof and
to each underwriter of an underwritten offering of Transfer Restricted Securities,
if any, without charge, as many copies of each Prospectus, including each
preliminary Prospectus, and any amendment or supplement thereto and such other
documents as such Holder or underwriter may reasonably request, including
financial statements and schedules and, if the Holder so requests, all exhibits
in order to facilitate the public sale or other disposition of the Transfer
Restricted Securities; and (iii) hereby consent to the use of the Prospectus or
any amendment or supplement thereto by each of the selling Holders of Transfer
Restricted Securities in connection with the offering and sale of the Transfer
Restricted Securities covered by the Prospectus or any amendment or supplement
thereto;

(d)           use all commercially
reasonable efforts to register or qualify the Transfer Restricted Securities
under the applicable state securities or “blue sky” laws of such jurisdictions
as any Holder of Transfer Restricted Securities covered by a Registration
Statement and each underwriter of an underwritten offering of Transfer
Restricted Securities shall reasonably request by the time the applicable
Registration Statement is declared effective by the SEC, and do any and all
other acts and things which may be reasonably necessary or advisable to enable
each such Holder and underwriter to consummate the disposition in each such
jurisdiction of such Transfer Restricted Securities owned by such Holder; provided, however, that neither the Company nor the
Guarantors shall be required to (i) qualify as a foreign corporation or as a
dealer in securities in any jurisdiction where it would not otherwise be
required to qualify but for this Section 3(d), or (ii) take any action which
would subject it to general service of process or taxation in any such
jurisdiction where it is not then so subject;

(e)           notify promptly each
Holder of Transfer Restricted Securities under a Shelf Registration that has
provided the information required by Section 2.6 hereof or any Participating
Broker-Dealer who has notified the Company that it is utilizing the Exchange
Offer Registration Statement as provided in paragraph (f) below and, if
requested by such Holder or Participating Broker-Dealer, confirm such advice in
writing promptly (i) when a Registration Statement has become effective and when
any post-effective amendments and supplements thereto become effective, (ii) of
any request by the SEC or any state securities authority for post-effective
amendments and supplements to a Registration Statement and Prospectus or for
additional information after the Registration Statement has become effective,
(iii) of the issuance by the SEC or any state securities authority of any stop
order suspending the effectiveness of a

 12
 

Registration
Statement or the initiation of any proceedings for that purpose, (iv) in the
case of a Shelf Registration, if, between the effective date of a Registration
Statement and the closing of any sale of Transfer Restricted Securities covered
thereby, the representations and warranties of the Company and the Guarantors
contained in any underwriting agreement, securities sales agreement or other
similar agreement, if any, relating to the offering cease to be true and
correct in all material respects, (v) of the happening of any event or the
discovery of any facts during the period a Shelf Registration Statement is
effective which makes any statement made in such Registration Statement or the
related Prospectus untrue in any material respect or which requires the making
of any changes in such Registration Statement or Prospectus in order to make
the statements therein (in the case of the Prospectus in light of the
circumstances under which they were made) not misleading, (vi) of the receipt
by the Company or any Guarantor of any notification with respect to the
suspension of the qualification of the Transfer Restricted Securities or the
Exchange Securities, as the case may be, for sale in any jurisdiction or the
initiation or threatening of any proceeding for such purpose and (vii) of any
determination by the Company that a post-effective amendment to such
Registration Statement would be appropriate and, in the event that the Company
notifies Holder of Transfer Restricted Securities, under a Shelf Registration
of any of the events set forth this clause (iii) through (vi) of this paragraph
(e), such Holder shall, if requested by the Company, cease sales of the
Securities until the Company notifies such Holder that the Registration
Statement is again effective and/or useable for sales of Securities;

(f)            in the case of the
Exchange Offer Registration Statement (i) include in the Exchange Offer
Registration Statement a section entitled “Plan of Distribution” which section
shall be reasonably acceptable to the Representatives on behalf of the
Participating Broker-Dealers, and 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 holds Transfer
Restricted Securities acquired for its own account as a result of market-making
activities or other trading activities and that will be the beneficial owner
(as defined in Rule 13d-3 under the 1934 Act) of Exchange Securities to be
received by such broker-dealer in the Exchange Offer, whether such positions or
policies have been publicly disseminated by the staff of the SEC or such
positions or policies, in the reasonable judgment of the Representatives on
behalf of the Participating Broker-Dealers and their counsel, represent the
prevailing views of the staff of the SEC, including a statement that any such
broker-dealer who receives Exchange Securities for Transfer Restricted
Securities pursuant to the Exchange Offer may be deemed a statutory underwriter
and must deliver a prospectus meeting the requirements of the 1933 Act in connection
with any resale of such Exchange Securities, (ii) furnish to each
Participating Broker-Dealer who has delivered to the Company the notice
referred to in Section 3(e), without charge, as many copies of each Prospectus
included in the Exchange Offer Registration Statement, including any
preliminary Prospectus, and any amendment or supplement thereto, as such
Participating Broker-Dealer may reasonably request, (iii) hereby consent
to the use of the Prospectus forming part of the Exchange Offer Registration
Statement or any amendment or supplement thereto, by any Person subject to the
prospectus delivery requirements of the SEC, including all Participating
Broker-Dealers, in connection with the sale or transfer of the Exchange
Securities covered by the Prospectus or any amendment or supplement thereto,
and (iv) include in the transmittal letter or similar documentation to be
executed by an exchange offeree in order to participate in the Exchange Offer
(x) the following provision: “If the

 13
 

exchange
offeree is a broker-dealer holding Transfer Restricted Securities acquired for
its own account as a result of market-making activities or other trading
activities, it will deliver a prospectus meeting the requirements of the 1933
Act in connection with any resale of Exchange Securities received in respect of
such Transfer Restricted Securities pursuant to the Exchange Offer;” and (y) a
statement to the effect that by a broker-dealer making the acknowledgment
described in clause (x) and by delivering a Prospectus in connection with the
exchange of Transfer Restricted Securities, the broker-dealer will not be
deemed to admit that it is an underwriter within the meaning of the 1933 Act;

(g)           (i) in the case of
an Exchange Offer, furnish counsel for the Representatives and (ii) in the case
of a Shelf Registration, furnish counsel for the Majority Holders copies of any
comment letters received from the SEC or any other request by the SEC or any
state securities authority for amendments or supplements to a Registration Statement
and Prospectus or for additional information;

(h)           use all commercially
reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of a Registration Statement as promptly as reasonably practicable
and provide prompt notice to each Holder of the withdrawal of such order;

(i)            in the case of a
Shelf Registration, furnish to each Holder of Transfer Restricted Securities
that has provided the information required by Section 2.6 hereof, and each
underwriter, if any, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment thereto, including
financial statements and schedules (without documents incorporated therein by
reference and all exhibits thereto, unless requested);

(j)            in the case of a
Shelf Registration, cooperate with the selling Holders of Transfer Restricted
Securities to facilitate the timely preparation and delivery of certificates
representing Transfer Restricted Securities to be sold and not bearing any
restrictive legends; and enable such Transfer Restricted Securities to be in
such denominations (consistent with the provisions of the applicable Indenture)
and registered in such names as the selling Holders or the underwriters, if
any, may reasonably request at least three business days prior to the closing
of any sale of Transfer Restricted Securities;

(k)           in the case of a
Shelf Registration, upon the occurrence of any event or the discovery of any
facts, each as contemplated by Sections 3(e)(v) and 3(e)(vi) hereof, as promptly
as reasonably practicable after the occurrence of such an event, use all
commercially reasonable efforts to prepare a supplement or post-effective
amendment to the Registration Statement or 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 Transfer Restricted
Securities or Participating Broker-Dealers, such Prospectus will not contain at
the time of such delivery any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading, or will remain so
qualified.  At such time as such public
disclosure is otherwise made or the Company determines that such disclosure is
not necessary, in each case to correct any misstatement of a material fact or
to include any omitted material fact, the Company agrees

 14
 

promptly
to notify each Holder of such determination and to furnish each Holder such
number of copies of the Prospectus as amended or supplemented, as such Holder
may reasonably request;

(l)            in the case of a
Shelf Registration, a reasonable time prior to the filing of any Registration
Statement, any Prospectus, any Issuer Free Writing Prospectus, or any amendment
or supplement to any of them or any document which is to be incorporated by
reference into a Registration Statement or a Prospectus after initial filing of
a Registration Statement, provide copies of such document to the
Representatives on behalf of such Holders, and make representatives of the
Company as shall be reasonably requested by the Holders of Transfer Restricted
Securities, or the Initial Purchasers on behalf of such Holders, available for
discussion of such document;

(m)          obtain CUSIP numbers
for all Exchange Securities, Private Exchange Securities or Transfer Restricted
Securities, as the case may be, not later than the effective date of a
Registration Statement, and provide the Trustee with printed certificates for
each of them, as applicable, in a form eligible for deposit with the
Depositary;

(n)           (i)  cause the Senior Indenture and the Senior
Subordinated Indenture to be qualified under the TIA in connection with the
registration of the Exchange Securities or Transfer Restricted Securities, as
the case may be, (ii) cooperate with the Trustee and the Holders to effect such
changes to the Senior Indenture and the Senior Subordinated Indenture as may be
required for such Indenture to be so qualified in accordance with the terms of
the TIA and (iii) execute, and use their respective commercially reasonable
efforts to cause the Trustee to execute, all documents as may be required to
effect such changes, and all other forms and documents required to be filed
with the SEC to enable such Indenture to be so qualified in a timely manner;

(o)           in the case of a
Shelf Registration, enter into customary agreements (including underwriting
agreements) and take all other customary and appropriate actions in order to
expedite or facilitate the disposition of such Transfer Restricted Securities
and in connection therewith, whether or not an underwriting agreement is
entered into and whether or not the registration is an underwritten
registration:

  (i)  make such representations and warranties to
the Holders of such Transfer Restricted Securities and the underwriters, if
any, in form, substance and scope as are customarily made by issuers to
underwriters in similar underwritten offerings as may be reasonably requested
by them;

 (ii)  obtain opinions of counsel to the Company and
updates thereof (which counsel and opinions (in form, scope and substance)
shall be reasonably satisfactory to the managing underwriters, if any, and the
holders of a majority in principal amount of the Transfer Restricted Securities
being sold) addressed to each selling Holder and the underwriters, if any,
covering the matters customarily covered in opinions requested in sales of
securities or underwritten offerings and such other matters as may be reasonably
requested by such Holders and underwriters;

 15
 

(iii)  obtain “comfort” letters
and updates thereof from the Company’s independent registered public accounting
firm (and, if necessary, any other independent registered public accounting
firm of any subsidiary of the Company or of any business acquired by the
Company for which financial statements are, or are required to be, included in
the Registration Statement) addressed to the underwriters, if any, and use
reasonable efforts to have such letter addressed to the selling Holders of
Transfer Restricted Securities (to the extent provided by Statement on Auditing
Standards No. 72 of the American Institute of Certified Public Accounts), such
letters to be in customary form and covering matters of the type customarily
covered in “comfort” letters to underwriters in connection with similar
underwritten offerings and at least as broad in scope and coverage as the
comfort letter or comfort letters delivered to the Initial Purchasers in
connection with the initial sale of the Securities to the Initial Purchasers;

 (iv)  enter into a securities sales agreements with
the Holders and an agent of the Holders providing for, among other things, the
appointment of such agent for the selling Holders for the purpose of soliciting
purchases of Transfer Restricted Securities, which agreements shall be in form,
substance and scope customary for similar offerings;

  (v)  if an underwriting agreement is entered into,
cause the same to set forth indemnification provisions and procedures
substantially equivalent to the indemnification provisions and procedures set
forth in Section 4 hereof with respect to the underwriters and all other
parties to be indemnified pursuant to said Section or, at the request of any
underwriters, in the form customarily provided to such underwriters in similar
types of transactions; and

 (vi)  deliver such documents and certificates as
may be reasonably requested and as are customarily delivered in similar
offerings to the Holders of a majority in principal amount of the Transfer
Restricted Securities being sold and the managing underwriters, if any.

The above shall be done at (i) the effectiveness of such Registration
Statement (and each post-effective amendment thereto) and (ii) each closing
under any underwriting or similar agreement as and to the extent required
thereunder; provided that in the case of (ii) and
(iii) above, such opinions and letters shall be delivered only to those persons
who are entitled to establish a “due diligence” defense;

(p)           in the case of a
Shelf Registration or if a Prospectus is required to be delivered by any
Participating Broker-Dealer in the case of an Exchange Offer, make available
for inspection by one representative of the Holders of the Transfer Restricted
Securities, any underwriters participating in any disposition pursuant to a
Shelf Registration Statement, any Participating Broker-Dealer and any counsel
or accountant retained by any of the foregoing, all financial and other
records, pertinent corporate documents and properties of the Company and the
Guarantors reasonably requested by any such persons, and cause the respective
officers, directors, employees, and any other agents of the Company and the
Guarantors to supply all information reasonably requested by any such representative,
underwriter, counsel or accountant in connection with a Registration Statement,
and make such representatives of the Company and the Guarantors available for
discussion of such documents as shall be reasonably requested by the
Representatives; provided, however,
that in connection with such inspection and discussion, such representative,
counsel or accountant may be required to execute a confidentiality agreement in
customary form to be mutually agreed;

 16

(q)           if
requested by any Holder or the underwriters, if any, incorporate in the Shelf
Registration Statement or Prospectus, pursuant to a supplement or
post-effective amendment if necessary, such information as such selling Holder
or underwriter, if any, may reasonably request to have included therein with
respect to the name or names of such selling Holder, the principal amount of
Securities owned by such Holder, the plan of distribution of the Transfer
Restricted Securities, the principal amount of Securities being sold, the
purchase price being paid therefor, and any other terms of the offering of the
Transfer Restricted Securities to be sold in such offering;

(r)            (i)  in the case of an Exchange Offer Registration
Statement, a reasonable time prior to the filing of any Exchange Offer
Registration Statement, any Prospectus forming a part thereof, any amendment to
an Exchange Offer Registration Statement or amendment or supplement to such
Prospectus, provide copies of such document to the Representatives and to
counsel to the Holders of Transfer Restricted Securities, and make such changes
in any such document prior to the filing thereof as the Representatives or
counsel to the Holders of the Senior Notes or the Senior Subordinated Notes, as
applicable, may reasonably request and, except as otherwise required by
applicable law, not file any such document in a form to which the
Representatives on behalf of the Holders of Transfer Restricted Securities and
counsel to the Holders of Transfer Restricted Securities shall not have
previously been advised and furnished a copy of or to which the Representatives
on behalf of the Holders of Transfer Restricted Securities or counsel to the
Holders of the Senior Notes or the Senior Subordinated Notes, shall reasonably
object, and make the representatives of the Company and the Guarantors
available for discussion of such documents as shall be reasonably requested by
the Representatives; and

(ii)  in the case of a Shelf Registration, a
reasonable time prior to filing any Shelf Registration Statement, any
Prospectus forming a part thereof, any amendment to such Shelf Registration
Statement or amendment or supplement to such Prospectus, provide copies of such
document to the Holders of Transfer Restricted Securities, to the Representatives,
to counsel for the Holders of Transfer Restricted Securities, and to the
underwriter or underwriters of an underwritten offering of Transfer Restricted
Securities, if any, make such changes in any such document prior to the filing
thereof as the Representatives, the counsel to the Holders of Transfer
Restricted Securities, or the underwriter or underwriters reasonably request
and not file any such document in a form to which the Majority Holders, the
Representatives on behalf of the Holders of Transfer Restricted Securities,
counsel for the Holders of Transfer Restricted Securities, or any underwriter
shall not have previously been advised and furnished a copy of or to which the
Majority Holders, the Representatives on behalf of the Holders of Transfer
Restricted Securities, counsel to the Holders of Senior Notes or Senior
Subordinated Notes, as applicable, or any underwriter shall reasonably object,
and make the representatives of the Company and the Guarantors available for
discussion of such document as shall be reasonably

 17
 

requested by the Holders of Transfer Restricted Securities, the
Representatives on behalf of such Holders, counsel for the Holders of Transfer
Restricted Securities, or any underwriter;

(s)           in the case of a
Shelf Registration, use all commercially reasonable efforts to cause all
Transfer Restricted Securities to be listed on any securities exchange on which
similar debt securities issued by the Company are then listed if requested by
the Majority Holders, or if requested by the underwriter or underwriters of an
underwritten offering of Transfer Restricted Securities, if any;

(t)            in the case of a
Shelf Registration, use all commercially reasonable efforts to cause the
Transfer Restricted Securities to be rated by the appropriate rating agencies,
if so requested by the Majority Holders, or if requested by the underwriter or
underwriters of an underwritten offering of Transfer Restricted Securities, if
any;

(u)           otherwise comply
with all applicable rules and regulations of the SEC and make available to its
security holders, as soon as reasonably practicable, an earnings statement
covering at least 12 months which shall satisfy the provisions of Section 11(a)
of the 1933 Act and Rule 158 thereunder; and

(v)           cooperate and assist
in any filings required to be made with the NASD and, in the case of a Shelf
Registration, in the performance of any due diligence investigation by any
underwriter and its counsel (including any “qualified independent underwriter”
that is required to be retained in accordance with the rules and regulations of
the NASD).

If any of the Transfer Restricted Securities covered by any Shelf
Registration Statement are to be sold in an underwritten offering, the
underwriter or underwriters and manager or managers that will manage such
offering will be selected by the Majority Holders of such Transfer Restricted
Securities included in such offering and shall be acceptable to the
Company.  No Holder of Transfer
Restricted Securities may participate in any underwritten registration
hereunder unless such Holder (a) agrees to sell such Holder’s Transfer
Restricted 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, and provides any information that may
be required by Section 2.6 hereof.

4.             Indemnification; Contribution.

(a)           The Company and the
Guarantors, jointly and severally, agree to indemnify and hold harmless each
Initial Purchaser, each Holder, each Participating Broker-Dealer, each Person
who participates as an underwriter (any such Person being an “Underwriter”) and
each Person, if any, who controls any Holder or Underwriter within the meaning
of Section 15 of the 1933 Act or Section 20 of the 1934 Act as follows:

(i)  against any and all loss,
liability, claim, damage and expense whatsoever, as incurred, arising out of
any untrue statement or alleged untrue statement of

 18
 

a material fact contained in any Registration Statement (or any
amendment or supplement thereto) pursuant to which Exchange Securities or
Transfer Restricted Securities were registered under the 1933 Act, including
all documents incorporated therein by reference, or the omission or alleged
omission therefrom of a material fact required to be stated therein or
necessary to make the statements therein not misleading, or arising out of any
untrue statement or alleged untrue statement of a material fact contained in
any Prospectus (or any amendment or supplement thereto) or any Issuer Free
Writing Prospectus (or any amendment or supplement thereto) or the omission or
alleged omission therefrom of a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading;

(ii)  against any and all loss,
liability, claim, damage and expense whatsoever, as incurred, to the extent of
the aggregate amount paid in settlement of any litigation, or any investigation
or proceeding by any governmental agency or body, commenced or threatened, or
of any claim whatsoever based upon any such untrue statement or omission, or
any such alleged untrue statement or omission; 
provided that (subject to Section 4(d)
below) any such settlement is effected with the written consent of the Company;
and

(iii)  against any and all
expense whatsoever, as incurred (including the fees and disbursements of counsel
chosen by any indemnified party), reasonably incurred in investigating,
preparing or defending against any litigation, or any investigation or
proceeding by any governmental agency or body, commenced or threatened, or any
claim whatsoever based upon any such untrue statement or omission, or any such
alleged untrue statement or omission, to the extent that any such expense is
not paid under subparagraph (i) or (ii) above;

provided, however, that this indemnity agreement shall not apply to any loss, liability,
claim, damage or expense (A) to the extent arising out of any untrue statement
or omission or alleged untrue statement or omission made in reliance upon and
in conformity with written information furnished to the Company by the Holder
or Underwriter expressly for use in a Registration Statement (or any amendment
thereto) or any Prospectus (or any amendment or supplement thereto) or any
Issuer Free Writing Prospectus (or any amendment or supplement thereto), or
(B) as a result of the use of a Prospectus during a period when use of
such Prospectus has been validly suspended pursuant to Section 2.7 hereof,
provided that such Holder has received prior written notice of such suspension.

(b)       Each Holder severally, but not jointly, agrees to indemnify
and hold harmless the Company, the Guarantors, each Initial Purchaser, each
Underwriter and the other selling Holders, and each of their respective
directors and officers, and each Person, if any, who controls the Company, any
Initial Purchaser, any Underwriter or any other selling Holder within the
meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act against any
and all loss, liability, claim, damage and expense described in the indemnity
contained in Section 4(a) hereof, as incurred, but only with respect to untrue
statements or omissions, or alleged untrue statements or omissions, made in the
Shelf Registration Statement (or any amendment thereto) or any Prospectus
included therein (or any amendment or supplement thereto) or any Issuer Free

 19
 

Writing Prospectus in reliance upon and in conformity with written
information with respect to such Holder furnished to the Company by such Holder
expressly for use in the Shelf Registration Statement (or any amendment
thereto) or such Prospectus (or any amendment or supplement thereto) or any
Issuer Free Writing Prospectus; provided, however,
that no such Holder shall be liable for any claims hereunder in excess of the
amount of net proceeds received by such Holder from the sale of such Holder’s
Transfer Restricted Securities pursuant to such Shelf Registration Statement.

(c)       Each indemnified party shall give notice as promptly as
reasonably practicable to each indemnifying party of any action or proceeding
commenced against it in respect of which indemnity may be sought hereunder, but
failure so to notify an indemnifying party shall not relieve such indemnifying
party from any liability hereunder to the extent it is not materially
prejudiced as a result thereof and in any event shall not relieve it from any liability
which it may have otherwise than on account of this indemnity agreement.  An indemnifying party may participate at its
own expense in the defense of such action; provided, however,
that counsel to the indemnifying party shall not (except with the consent of
the indemnified party) also be counsel to the indemnified party.  In no event shall the indemnifying party or
parties be liable for the fees and expenses of more than one counsel (in
addition to any local counsel) separate from their own counsel for all
indemnified parties in connection with any one action.  No indemnifying party shall, (i) without the
prior written consent of the indemnified parties, settle or compromise or
consent to the entry of any judgment with respect to any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or
threatened, or any claim whatsoever in respect of which indemnification or
contribution could be sought under this Section 4 (whether or not the
indemnified parties are actual or potential parties thereto), unless such
settlement, compromise or consent (A) includes an unconditional release of each
indemnified party from all liability arising out of such litigation,
investigation, proceeding or claim and (B) does not include a statement as to
or an admission of fault, culpability or a failure to act by or on behalf of
any indemnified party or (ii) be liable for any settlement of any such action
effected without its prior written consent.

(d)       If at any time an indemnified party shall have requested an
indemnifying party to reimburse the indemnified party for fees and expenses of
counsel, such indemnifying party agrees that it shall be liable for any
settlement of the nature contemplated by Section 4(a)(ii) effected without its
written consent if (i) such settlement is entered into more than 45 days after
receipt by such indemnifying party of the aforesaid request, (ii) such
indemnifying party shall have received notice of the terms of such settlement
at least 30 days prior to such settlement being entered into and (iii) such
indemnifying party shall not have reimbursed such indemnified party in
accordance with such request prior to the date of such settlement.

(e)       If the indemnification provided for in this Section 4 is for
any reason unavailable to or insufficient to hold harmless an indemnified party
in respect of any losses, liabilities, claims, damages or expenses referred to
therein, then each indemnifying party shall contribute to the aggregate amount
of such losses, liabilities, claims, damages and expenses incurred by such
indemnified party, as incurred, in such proportion as is appropriate to reflect
the relative fault of the Company and the Guarantors on the one hand and the
Holders and the Initial Purchasers on the other hand in connection with the
statements or omissions which resulted in

 20
 

such losses, liabilities, claims, damages or expenses, as well as any
other relevant equitable considerations.

The relative fault of the Company and the Guarantors
on the one hand and the Holders and the Initial Purchasers on the other hand
shall be determined by reference to, among other things, whether any such
untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by the
Company or the Guarantors, the Holders or the Initial Purchasers and the
parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission.

The Company, the Guarantors, the Holders and the
Initial Purchasers agree that it would not be just and equitable if
contribution pursuant to this Section 4 were determined by pro rata allocation
(even if the Initial Purchasers were treated as one entity for such purpose) or
by any other method of allocation which does not take account of the equitable
considerations referred to above in this Section 4. The aggregate amount of
losses, liabilities, claims, damages and expenses incurred by an indemnified
party and referred to above in this Section 4 shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in
investigating, preparing or defending against any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or threatened,
or any claim whatsoever based upon any such untrue or alleged untrue statement
or omission or alleged omission.

Notwithstanding the provisions of this Section 4, no
Initial Purchaser shall be required to contribute any amount in excess of the
amount by which the total price at which the Senior Notes or Senior
Subordinated Notes, as applicable, sold by it were offered exceeds the amount
of any damages which such Initial Purchaser has otherwise been required to pay
by reason of such untrue or alleged untrue statement or omission or alleged
omission.

No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the 1933 Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent
misrepresentation.

For purposes of this Section 4, each Person, if any,
who controls an Initial Purchaser or Holder within the meaning of Section 15 of
the 1933 Act or Section 20 of the 1934 Act shall have the same rights to
contribution as such Initial Purchaser or Holder, and each director of the
Company or any Guarantor, and each Person, if any, who controls the Company or
any Guarantor within the meaning of Section 15 of the 1933 Act or Section 20 of
the 1934 Act shall have the same rights to contribution as the Company and the
Guarantors.  The Initial Purchasers’
respective obligations to contribute pursuant to this Section 7 are several in
proportion to the principal amount of Senior Notes or Senior Subordinated
Notes, as applicable, set forth opposite their respective names in Schedule
A to the Purchase Agreement, and not joint.

5.             Miscellaneous.

5.1       Rule 144 and Rule 144A.  For so long as the Company is subject to the
reporting requirements of Section 13 or 15 of the 1934 Act, the Company
covenants that it will file the reports required to be filed by it under
Section 13(a) or 15(d) of the 1934 Act and the rules and regulations adopted by
the SEC thereunder.  If the Company
ceases to be so required to

 21
 

file such reports, the Company covenants that it will upon the request
of any Holder of Transfer Restricted Securities (a) make publicly available
such information as is necessary to permit sales pursuant to Rule 144 under the
1933 Act, (b) deliver such information to a prospective purchaser as is
necessary to permit sales pursuant to Rule 144A under the 1933 Act and it will
take such further action as any Holder of Transfer Restricted Securities may
reasonably request, and (c) take such further action that is reasonable in the
circumstances, in each case, to the extent required from time to time to enable
such Holder to sell its Transfer Restricted Securities without registration
under the 1933 Act within the limitation of the exemptions provided by (i) Rule
144 under the 1933 Act, as such Rule may be amended from time to time, (ii)
Rule 144A under the 1933 Act, as such Rule may be amended from time to time, or
(iii) any similar rules or regulations hereafter adopted by the SEC.  Upon the request of any Holder of Transfer
Restricted Securities, the Company will deliver to such Holder a written
statement as to whether it has complied with such requirements.

5.2       No Inconsistent Agreements.  The Company and the Guarantors have not
entered into, and neither the Company nor the Guarantors will after the date of
this Agreement enter into, any agreement which is inconsistent with the rights
granted to the Holders of Transfer Restricted Securities in this Agreement or
otherwise conflicts with the provisions hereof. 
The rights granted to the Holders hereunder do not and will not for the
term of this Agreement in any way conflict with the rights granted to the
holders of the Company’s or any Guarantor’s other issued and outstanding
securities under any such agreements.

5.3       Amendments and Waivers.  The provisions of this Agreement, including
the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be
given unless the Company has obtained the written consent of Holders of at
least a majority in aggregate principal amount of the outstanding Transfer
Restricted Securities affected by such amendment, modification, supplement,
waiver or departure.  Notwithstanding the
foregoing, this Agreement may be amended by a written agreement between the Company,
the Guarantors and the Representatives, without the consent of the Holders of
the Transfer Restricted Securities, in order to correct or supplement any
provision contained herein; provided,  that no such amendment shall adversely affect the interest
of the Holders of Transfer Restricted Securities.

5.4       Notices.  All
notices and other communications provided for or permitted hereunder shall be
made in writing by hand delivery, registered first-class mail, telex,
telecopier, or any courier guaranteeing overnight delivery (a) if to a Holder,
at the most current address given by such Holder to the Company and the
Guarantors by means of a notice given in accordance with the provisions of this
Section 5.4, which address initially is the address set forth in the Purchase
Agreement with respect to the Initial Purchasers; and (b) if to the
Company or any Guarantor, initially at the Company’s address set forth in the
Purchase Agreement, and thereafter at such other address of which notice is
given in accordance with the provisions of this Section 5.4.

All such notices and communications shall be deemed to
have been duly given:  at the time
delivered by hand, if personally delivered; two business days after being
deposited in the mail, postage prepaid, if mailed; when answered back, if
telexed; when receipt is

 22
 

acknowledged, if
telecopied; and on the next business day if timely delivered to an air courier
guaranteeing overnight delivery.

Copies of all such notices, demands, or other
communications shall be concurrently delivered by the person giving the same to
the Trustee under the Indenture, at the address specified in such Indenture.

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

5.6       Third Party Beneficiaries.  The Initial Purchasers (even if the Initial
Purchasers are not Holders of Transfer Restricted Securities) shall be third
party beneficiaries to the agreements made hereunder between the Company and
the Guarantors, on the one hand, and the Holders, on the other hand, and shall
have the right to enforce such agreements directly to the extent they deem such
enforcement necessary or advisable to protect their rights or the rights of
Holders hereunder.  Each Holder of
Transfer Restricted Securities shall be a third party beneficiary to the
agreements made hereunder between the Company and the Guarantors, on the one
hand, and the Initial Purchasers, on the other hand, and shall have the right
to enforce such agreements directly to the extent it deems such enforcement
necessary or advisable to protect its rights hereunder.

5.7.      Specific Enforcement. 
Without limiting the remedies available to the Initial Purchasers and
the Holders, the Company and the Guarantors acknowledge that any failure by the
Company and the Guarantors to comply with their obligations under Sections 2.1
through 2.4 hereof may result in material irreparable injury to the Initial
Purchasers or the Holders for which there is no adequate remedy at law, that it
would not be possible to measure damages for such injuries precisely and that,
in the event of any such failure, the Initial Purchasers or any Holder may
obtain such relief as may be required to specifically enforce the Company’s and
the Guarantors’ obligations under Sections 2.1 through 2.4 hereof.

5.8.      Restriction on Resales. 
Until the expiration of two years after the original issuance of the
Securities and the Guarantees, the Company and the Guarantors will not, and
will cause their “affiliates” (as such term is defined in Rule 144(a)(1) under
the 1933 Act) not to,

 23
 

resell any Securities and Guarantees which are “restricted securities”
(as such term is defined under Rule 144(a)(3) under the 1933 Act) that have
been reacquired by any of them and shall immediately upon any purchase of any
such Securities and Guarantees submit such Securities and Guarantees to the
Trustee for cancellation.

5.9       No Adverse Actions Affecting Registration Rights.  Subject to the rights of the Company to
invoke and maintain a Suspension Period pursuant to Section 2.7 hereof, neither
the Company nor the Guarantors shall, directly or indirectly, intentionally
take any action with respect to the Transfer Restricted Securities that would
adversely affect the ability of the Holders of Transfer Restricted Securities
to include such Transfer Restricted Securities in a registration undertaken
pursuant to this Agreement.

5.10     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.

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

5.12     GOVERNING LAW.  THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO
THE PRINCIPLES OF CONFLICT OF LAWS THEREOF.

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

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

 24

 

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

	
  

  	
   

  	
  GEORGIA GULF CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  /s/ Joel I. Beerman

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GEORGIA GULF
  CHEMICALS &

  VINYLS, LLC

  
	
   

  	
   

  	
  GEORGIA GULF LAKE CHARLES, LLC

  
	
   

  	
   

  	
  GREAT RIVER OIL & GAS CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  /s/ Joel I. Beerman

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  
							

 

 25
 

Confirmed and accepted as

of the date first above

written:

	
  MERRILL LYNCH, PIERCE,
  FENNER & SMITH

  INCORPORATED

  	
   

  	
   

  
	
  LEHMAN BROTHERS
  INC.

  	
   

  	
   

  
	
  BANC OF AMERICA SECURITIES LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  MERRILL LYNCH,
  PIERCE, FENNER & SMITH

  INCORPORATED

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Chris Sevrens

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Chris Sevrens

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
  Managing Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LEHMAN BROTHERS INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Timothy N. Hartzell

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Timothy N. Hartzell

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
  Managing Director

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BANC OF AMERICA SECURITIES LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ John McCusker

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
  John McCusker

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
  Managing Director

  	
   

  	
   

  

 

 26

 

Schedule A

Guarantors

GEORGIA
GULF CHEMICALS & VINYLS, LLC

GEORGIA
GULF LAKE CHARLES, LLC

GREAT
RIVER OIL & GAS CORPORATION

 

 

Schedule B

Initial Purchasers

Merrill Lynch, Pierce,
Fenner & Smith, Incorporated

Lehman Brothers Inc.

Banc of America Securities
LLC

J.P. Morgan Securities Inc.

Wachovia Capital Markets LLC

Mitsubishi UFJ Securities
International plc

ABN AMRO Incorporated

Mizuho International plc

Scotia Capital (USA) Inc.

 

 2

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