Document:

SECURITIES PURCHASE AGREEMENT

 Exhibit 10.2 
  
 EXECUTION COPY 
  

  
 SECURITIES PURCHASE AGREEMENT 
  
 among 
  
 RTXA, INC., 
 as
Issuer, 
  
 and 
  
 THE INVESTORS PARTY HERETO 
  
 Dated as of May 9, 2003 
  

  
 TABLE OF CONTENTS 

 

					
	 	  	Page

	 ARTICLE I DEFINITIONS
	  	1
	 1.01
	  	Definitions	  	1
		
	 ARTICLE II PURCHASE AND SALE OF PURCHASED SECURITIES
	  	5
	 2.01
	  	Purchase and Sale of Purchased Securities	  	5
	 2.02
	  	Redemption Premium	  	6
	 2.03
	  	Closing	  	6
		
	 ARTICLE III CONDITIONS TO THE OBLIGATION OF THE PURCHASERS TO EFFECT THE CLOSING
	  	7
	 3.01
	  	Purchase Permitted by Applicable Laws	  	7
	 3.02
	  	Conditions to Acquisition	  	7
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	  	7
	 4.01
	  	Corporate Existence and Power	  	7
	 4.02
	  	Corporate Authorization; No Contravention	  	8
	 4.03
	  	Governmental Authorization; Third Party Consents	  	8
	 4.04
	  	Binding Effect	  	8
	 4.05
	  	Litigation	  	8
	 4.06
	  	No Activities	  	9
	 4.07
	  	Disclosure	  	9
	 4.08
	  	Investment Company/Government Regulations	  	9
	 4.09
	  	Capitalization	  	9
	 4.10
	  	Private Offering	  	10
	 4.11
	  	Broker’s, Finder’s or Similar Fees	  	10
	 4.12
	  	Acquisition Documents	  	11
	 4.13
	  	Senior Loan Documents	  	11
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES OF THE INVESTORS
	  	11
	 5.01
	  	Authorization; No Contravention	  	11
	 5.02
	  	Binding Effect	  	11
	 5.03
	  	Accredited Investor; Purchase for Own Account	  	12
	 5.04
	  	Broker’s, Finder’s or Similar Fees	  	12
	 5.05
	  	Governmental Authorization; Third Party Consent	  	12
		
	 ARTICLE VI COVENANTS PRIOR TO CLOSING
	  	12
	 6.01
	  	Commercially Reasonable Efforts	  	12
	 6.03
	  	Purchaser Exclusivity	  	13
	 6.04
	  	Limitation on Actions	  	13
		
	 ARTICLE VII MISCELLANEOUS
	  	14
	 7.01
	  	Survival of Representations and Warranties	  	14
	 7.02
	  	Notices	  	14
	 7.03
	  	Assignments	  	15
	 7.04
	  	Amendments, Determinations, Requests or Consents	  	15
	 7.05
	  	Remedies Cumulative	  	15
	 7.06
	  	Counterparts	  	15
	 7.07
	  	Headings	  	16
	 7.08
	  	GOVERNING LAW	  	16
	 7.09
	  	Specific Performance; Arbitration; Limitation on Damages	  	16

  

					
	 7.10
	  	Severability	  	16
	 7.11
	  	Rules of Construction	  	17
	 7.12
	  	Entire Agreement	  	17
	 7.13
	  	Certain Expenses	  	17
	 7.14
	  	Publicity	  	17
	 7.15
	  	Further Assurances	  	18
	 7.16
	  	Sellers as Third Party Beneficiaries	  	18

  
 SCHEDULES 
  

			
	 Schedule 2.01
	  	Purchased Securities
	 Schedule 4.09
	  	Capitalization

  

 ii 

 SECURITIES PURCHASE AGREEMENT 
  
 THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is dated as of May 9, 2003, between RTXA, INC., a Delaware
corporation (the “Company”), and each of the investors listed on the signature pages hereto (collectively, the “Investors”). 
  
 Statement of Purpose 
  
 The Company and its wholly-owned subsidiary, RTXA Sub, Inc., a Delaware corporation (“Acquisition Sub”) have entered into a Stock Purchase
Agreement, dated as of the date hereof (the “Acquisition Agreement”), with Republic Financial Services, Inc., a Texas corporation (“RFS Texas”), Republic Financial Services, Inc., a Nevada corporation (“RFS Nevada” and,
together with RFS Texas, the “Sellers”) and Winterthur U.S. Holdings, Inc., a Delaware corporation (solely for purposes of Section 13.13 thereof), providing for the acquisition (the “Acquisition”) by Acquisition Sub from the
Sellers of all of the issued and outstanding stock of Republic Group No. Two Company, a Missouri corporation, Eagle General Agency, Inc., a Texas corporation, and Republic Underwriters Insurance Company, an insurance company organized under the laws
of the State of Texas (collectively, the “Acquired Companies”). 
  
 In order to obtain financing to consummate the Acquisition, the Company proposes to issue Series A Redeemable Preferred Stock and Common Stock, as more particularly described herein. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements
contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 1.01 Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated:

  
 “Acquired Companies” has the meaning assigned
thereto in the Statement of Purpose. 
  
 “Acquisition” has the meaning assigned thereto in the Statement of Purpose. 
  
 “Acquisition Agreement” has the meaning assigned thereto in the Statement of Purpose. 
  
 “Acquisition Documents” means the Acquisition Agreement and
each other document and instrument executed pursuant thereto in connection with the Acquisition. 
  

 “Acquisition Sub” has the meaning assigned thereto in the Statement of Purpose.

  
 “Affiliate” means, with respect to any
Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power
to direct or cause the direction of the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. 
  
 “Agreement” means this Securities Purchase Agreement, as amended, restated or supplemented from time to
time. 
  
 “Business Day” means any day other than
a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law or executive order to close. 
  
 “Bylaws” means the Bylaws of the Company, as amended, restated or supplemented from time to time.

  
 “Capital Stock” means, with respect to any
Person, any and all shares, interests, participations, rights in or other equivalents (however designated) of such Person’s capital stock, partnership interests, membership interests or other equivalent equity interests and any rights (other
than debt securities convertible into or exchangeable for capital stock), warrants or options exchangeable for or convertible into such capital stock or other equity interests. 
  
 “Certificate of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company,
as amended or supplemented from time to time. 
  
 “Class A
Common Stock” means the Class A Voting Common Stock of the Company, par value $0.01 per share, as described in the Certificate of Incorporation. 
  
 “Class B Common Stock” means the Class B Non-Voting Common Stock of the Company, par value $0.01 per share, as described in the
Certificate of Incorporation 
  
 “Closing” has
the meaning assigned thereto in Section 2.03. 
  
 “Closing
Date” has the meaning assigned thereto in Section 2.03. 
  
 “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute thereto. 
  
 “Commission” means the Securities and Exchange Commission or any similar agency then having jurisdiction to enforce the Securities Act.

  
 “Common Shares” has the meaning assigned
thereto in Section 2.01. 
  

 2 

 “Common Stock” means (a) the Class A Common Stock, (b) the Class B Common Stock, (c) any
other class of capital stock hereafter authorized having the right to share in distributions either of earnings or assets without limit as to amount or percentage or (d) any other capital stock into which the foregoing Common Stock is reclassified
or reconstituted. 
  
 “Company Charter Documents”
means the Certificate of Incorporation and the Bylaws of the Company, as amended or supplemented from time to time. 
  
 “Competitive Transaction” has the meaning assigned thereto in Section 6.02. 
  
 “Contractual Obligation” means, as to any Person, any provision of any securities issued by such Person or
of any indenture or credit agreement or any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound or to which it may be subject. 
  
 “Financing Certificate” has the meaning assigned thereto in
Section 2.03(b). 
  
 “Fully Diluted Common Stock”
means all shares of Common Stock, computed as if all warrants, options and other securities exercisable for or convertible into Common Stock had been exercised or converted. 
  
 “Governmental Authority” means any nation or government, any state or other political subdivision thereof,
any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or
controlled, through stock or capital ownership or otherwise, by any of the foregoing. 
  
 “Holder” means each Investor and any other holder of any Purchased Securities. 
  
 “Investors” has the meaning set forth in the introductory paragraph. 
  
 “Investor Rights Agreement” means the Investor Rights Agreement dated as of the date hereof among the
Company and the Investors party thereto, as amended, restated or supplemented from time to time. 
  
 “Lien” means any mortgage, lien, charge, pledge, security interest, easement, restriction, restricted encumbrance, adverse claim or any
other defect in title. 
  
 “Person” means any
individual, partnership, joint venture, firm, corporation, association, limited liability company, trust or other enterprise or any Governmental Authority. 
  
 “Preemptive Rights” means any preemptive or other similar rights to acquire Capital Stock whether created by a Contractual Obligation or
by any Requirement of Law applicable at any time to the Company or any of its Subsidiaries. 
  

 3 

 “Preferred Shares” has the meaning assigned thereto in Section 2.01. 
  
 “Preferred Stock” means, collectively, the Series A
Redeemable Preferred Stock of the Company, as described in the Company Charter Documents, and any other capital stock of the Company into which such stock is reclassified or reconstituted. 
  
 “Purchased Securities” has the meaning assigned thereto in
Section 2.01. 
  
 “Purchasers” means the
Investors other than the Wand Principals. 
  
 “Registration Agreement” means the Registration Rights Agreement dated as of the date hereof among the Company and the Investors party thereto, as amended, restated or supplemented from time to time. 
  
 “Required Purchasers” means (a) prior to Closing, Purchasers
who would purchase at such Closing at least a Majority of the Preferred Shares, as set forth on Schedule 2.01, and (b) after the Closing, Holders holding at least a majority of the Preferred Shares then outstanding. 
  
 “Requirements of Law” means, with respect to a Person, the
certificate of incorporation and bylaws or other organizational or governing documents of such Person, and any law, treaty, rule, regulation, right, privilege, qualification, license or franchise or determination of an arbitrator or a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject or pertaining to any or all of the transactions contemplated or referred to herein.

  
 “RFS Nevada” has the meaning assigned thereto
in the Statement of Purpose. 
  
 “RFS Texas” has
the meaning assigned thereto in the Statement of Purpose. 
  
 “SBIC Letter” means the letter agreement executed by the Company in favor of Banc America Capital Investors SBIC I, L.P. (“BACI”) relating to certain regulatory matters required due to BACI’s status as a
registered Small Business Investment Company. 
  
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission thereunder. 
  
 “Sellers” has the meaning assigned thereto in the Statement of Purpose. 
  
 “Senior Credit Facility” has the meaning assigned thereto in the Section 2.01(c). 
  
 “Senior Loan Agreement” means the credit agreement (or
similar agreement), pursuant to which the Company receives the Senior Credit Facility, if any, to be dated as of the Closing Date by and among the Company and the financial institutions party thereto, in the form attached to the Financing
Certificate and as amended, restated or supplemented or otherwise modified from time to time. 
  

 4 

 “Senior Loan Documents” means the Senior Loan Agreement and each promissory note and
other loan, credit or security document executed in connection with the Senior Loan Agreement, in each case in the form attached to the Financing Certificate and as amended, restated or supplemented or otherwise modified from time to time.

  
 “Series A Preferred Stock” means the Series A
Redeemable Preferred Stock of the Company, as described in the Certificate of Incorporation. 
  
 “Subject Companies” has the meaning set forth in Acquisition Agreement as in effect on the date hereof. 
  
 “Subsidiary” means, as to any Person, (a) any corporation more than 50% of whose stock of any class or classes having by the terms
thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of
any contingency) is at the time owned by such Person and/or one or more Subsidiaries of such Person and (b) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more Subsidiaries
of such Person has more than a 50% equity interest at the time. 
  
 “Transaction Documents” means collectively, this Agreement, the Investor Rights Agreement, Registration Agreement, the Wand Consulting Agreements, the Company Charter Documents, the SBIC Letter, the Acquisition Documents
and, if any, the Senior Loan Documents. 
  
 “Wand
Principals” means, collectively, Bruce W. Schnitzer; John S. Struck; and Patrick McLaughlin. 
  
 “Wand Consulting Agreements” means, without duplication, the collective reference to those certain Consulting Agreements between the
Company, and each of the Wand Principals, respectively, each dated as of the date hereof. 
  
 ARTICLE II 
  
 PURCHASE AND SALE
OF PURCHASED SECURITIES 
  
 2.01 Purchase and Sale of
Purchased Securities. Subject to the terms and conditions hereof, the Company will issue to the Purchasers, and each Purchaser, severally and not jointly, will acquire from the Company on the Closing Date the following securities: 
  
 (a) Preferred Stock. The Company shall issue 107,000 shares of
Preferred Stock (the “Base Preferred Shares”); provided, that if the Preliminary Closing Adjustment (as defined in the Acquisition Agreement) is positive the Company shall also issue, and the Purchasers shall purchase, severally and
not jointly, a number of additional shares of Preferred Stock equal to the amount of such Preliminary Closing Adjustment divided by $1,000 and rounded upward to the nearest whole 

  

 5 

 
share (the “Additional Preferred Shares”, and together with the Base Preferred Shares, the “Preferred Shares”), allocated as set forth on
Schedule 2.01. 
  
 (b) Common Shares. The Company
shall issue the shares of Common Stock, in the respective amounts as set forth on Schedule 2.01 (the “Common Shares”). The Common Shares and the Preferred Shares shall be issued for an aggregate combined Purchase Price equal to the
sum of (i) $107,000,000 plus, (ii) the product of $1,000 multiplied by the number of Additional Preferred Shares issued at Closing (such sum referred to as the “Equity Purchase Price”). 
  
 (c) Bridge Notes. If the Company does not have available on the
Closing Date debt financing (the “Senior Credit Facility”) in an amount sufficient, together with the Equity Purchase Price, to pay the Purchase Price (as defined in the Acquisition Agreement as in effect on the date hereof) and all
closing costs payable by the Company at Closing (the “Closing Costs”), then the Purchasers, severally and not jointly, shall purchase senior bridge promissory notes (the “Bridge Notes” and, together with the Preferred Shares and
the Common Shares, the “Purchased Securities”) in the form attached hereto as Exhibit A, in an aggregate amount not to exceed the lesser of (i) an amount equal to (A) the Purchase Price plus the Closing Costs minus (B)
the Equity Purchase Price plus the amount of the Senior Credit Facility, if any, funded at Closing and (ii) $30,000,000, in either case allocated as set forth on Schedule 2.01. The purchase price paid for each Bridge Note shall be 100% of the
original principal amount thereof. 
  
 2.02 Redemption
Premium. The Company and each Investor acknowledge that under the regulations of the United States Department of Treasury, the issuance of the Preferred Shares and the Common Shares for an aggregate, combined purchase price will result in the
creation of a “redemption premium” on the Preferred Shares equal to the value of the Common Shares. After taking into account all relevant factors (including the fact that no public market for the Common Stock currently exists, the general
condition of the financial markets at this time, the liquidation preferences of senior securities of the Company, the nature of the rights provided for in the Certificate of Incorporation and all other matters concerning the transactions
contemplated by this Agreement), the Company and each Investor agree that the aggregate redemption premium on the Preferred Shares (i.e., the aggregate value of the Common Shares) is $79,468. The parties acknowledge that this amount will be
within the range to cause the redemption premium on the Preferred Shares to be “de minimis” within the meaning of Code section 305(c)(1). The redemption premium will be allocated pro rata among the Preferred Shares. Neither the
Company nor any Investor will take any position for United States federal income tax purposes that is inconsistent with the provisions of this Section 2.02. 
  
 2.03 Closing. Subject to the terms and conditions of this Agreement, the issuance and purchase of the Purchased Securities shall take place at the
closing (the “Closing”) to be held at the offices of Dewey Ballantine LLP, New York, New York, at 10:00 a.m., on the Closing Date as defined in the Acquisition Agreement, or at such other time and place as the Company and the Purchasers
may agree in writing (the “Closing Date”). At the Closing: 
  
 (a) the Company shall deliver to each Purchaser the certificates representing its Purchased Securities against delivery to the Company by such Purchaser of the purchase price 

  

 6 

 
therefor by wire transfer of immediately available funds to an account specified by the Company in writing prior to the Closing, or by another means
acceptable to the Company; 
  
 (b) the Company shall deliver to
each Purchaser a certificate (the “Financing Certificate”) dated as of the Closing Date from an officer of the Company, stating either that (i) despite the Company’s efforts as required under Section 6.01, the Company was unable to
obtain a Senior Credit Facility or (ii) the Company will receive the proceeds of a Senior Credit Facility at Closing and, in such event, attached thereto shall be copies of all of the Senior Loan Documents, as approved by the Board of Directors of
the Company; and 
  
 (c) the Company and each Investor shall
execute and deliver the respective Transaction Documents to which they are a party. 
  
 ARTICLE III 
  
 CONDITIONS TO THE
OBLIGATION 
 OF THE PURCHASERS TO EFFECT THE CLOSING 
  
 The obligation of each Purchaser to purchase the Purchased Securities, to pay the purchase price therefor at the Closing and
to perform any obligations hereunder shall be subject to the satisfaction of the following conditions on or before the Closing Date: 
  
 3.01 Purchase Permitted by Applicable Laws. The acquisition of and payment for the Purchased Securities to be acquired by such Purchaser hereunder
and the consummation of the transactions contemplated hereby (a) shall not be prohibited by any Requirement of Law and (b) shall not subject such Purchaser to any penalty or, in its reasonable judgment, other onerous condition under or pursuant to
any Requirement of Law. Each Purchaser hereby represents that the conditions set forth in this Section 3.01 would be satisfied if the Closing were to occur on the date hereof and all required approvals (including the approval of each Form A filing
to be made in accordance with the provisions of the Acquisition Agreement and this Agreement) relating to the Acquisition were obtained. 
  
 3.02 Conditions to Acquisition. All conditions precedent to the obligations of the Company and Acquisition Sub under the Acquisition Agreement, as
in effect on the date hereof, shall be satisfied without any waiver by the Company or Acquisition Sub and concurrently with (or immediately after) the Closing, the Company shall acquire good title to the Shares (as set forth in the Acquisition
Agreement). 
  
 ARTICLE IV 
  
 REPRESENTATIONS AND 
 WARRANTIES OF THE COMPANY 
  
 The Company hereby represents and warrants to each Purchaser as follows as of the date hereof and as of the Closing Date: 
  
 4.01 Corporate Existence and Power. The Company and each of its
Subsidiaries (a) is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, (b) has all requisite corporate power and authority to own and operate its property, to lease the property
it operates as lessee and to conduct the business in which it is currently, or is currently proposed to be, engaged and (c) has the corporate power and authority to execute, deliver and perform its obligations under this Agreement and each other
Transaction Document to which it is or will be a party. 
  

 7 

 4.02 Corporate Authorization; No Contravention. The execution, delivery and performance by the
Company of this Agreement and by the Company and each of its Subsidiaries of each other Transaction Document to which it is or will be a party and the transactions contemplated hereby and thereby, including without limitation the issuance by the
Company of the Purchased Securities, (a) have been, or in the case of the Senior Loan Documents will be, duly authorized by all necessary corporate, and if required, stockholder action, of the Company and each of its Subsidiaries (b) do not
contravene the terms of the Company Charter Documents or the organizational documents of any Subsidiary and (c) will not violate, conflict with or result in any breach or contravention of or the creation of any Lien (other than Liens created under
the Senior Loan Documents) under, any Contractual Obligation of the Company or any of its Subsidiaries, or any Requirement of Law applicable to the Company or any of its Subsidiaries. 
  
 4.03 Governmental Authorization; Third Party Consents. Except as contemplated by the Transaction Documents and except
to the extent previously and duly obtained or made and in full force and effect, no approval, consent, compliance, exemption, authorization or other action by, or notice to, or filing with, any Governmental Authority or any other Person in respect
of any Requirement of Law, and no lapse of a waiting period under a Requirement of Law, is necessary or required in connection with the execution, delivery or performance by the Company or any of its Subsidiaries or enforcement against such Person
of this Agreement and the other Transaction Documents to which it is a party or the transactions contemplated hereby or thereby. 
  
 4.04 Binding Effect. This Agreement and the other Transaction Documents to which the Company and any of its Subsidiaries is or will be a party
will, upon the due execution and delivery thereof by the Company and such Subsidiary, constitute the legal, valid and binding obligation of the Company and such Subsidiary enforceable against the Company or such Subsidiary in accordance with their
respective terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity
relating to enforceability. 
  
 4.05 Litigation. There are
no legal actions, suits, proceedings, claims or disputes pending, or to the knowledge of the Company or any of its Subsidiaries, threatened, at law, in equity, in arbitration or before any Governmental Authority against or affecting the Company or
any of its Subsidiaries which affects the legality, validity or enforceability of this Agreement or which seeks to obtain damages or obtain relief as a result of, the transactions contemplated by the Transaction Documents. No injunction, writ,
temporary restraining order, decree or any order of any nature has been issued by any court or other Governmental Authority purporting to enjoin or 

  

 8 

 
restrain the execution, delivery or performance of this Agreement or any of the other Transaction Documents. 
  
 4.06 No Activities. Neither the Company nor any of its Subsidiaries
(a) has conducted any business other than the negotiation of the Acquisition and the financing thereof (including, without limitation, the negotiation of each of the Transaction Documents) or (b) has any material rights, liabilities or obligations
except as set forth herein and in the Acquisition Agreement or in any of the other Transaction Documents. 
  
 4.07 Disclosure. To the Company’s knowledge, this Agreement and the documents and certificates furnished to the Purchasers by the Company on
or prior to the Closing do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained herein or therein, in the light of the circumstances under which they were made, not
misleading. 
  
 4.08 Investment Company/Government
Regulations. Neither the Company nor any Person controlling, controlled by or under common control with the Company is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. Neither the Company
nor any of its Subsidiaries is subject to regulation under the Public Utility Holding Company Act of 1935, as amended, or any federal or state statute or regulation limiting its ability to incur Indebtedness. Neither the Company nor any of its
Subsidiaries is engaged principally or as one of its activities in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” (as each such term is defined or used in Regulations G
and U of the Board of Governors of the Federal Reserve System). No part of the proceeds of the transaction contemplated hereby will be used for purchasing or carrying margin stock or for any purpose which violates, or which would be inconsistent
with, the provisions of the regulations of such Board of Governors. 
  
 4.09 Capitalization. 
  
 (a) Ownership Prior to
Closing. The authorized Capital Stock of the Company immediately prior to the Closing consists solely of (i) 2,000,000 shares of Common Stock of which (A) 1,750,000 shares will be designated Class A Common Stock, of which 75,591 shares are
issued and outstanding as of the date hereof and (B) 250,000 shares are designated Class B Common Stock, none of which are outstanding on the date hereof, and (ii) 118,500 shares of Series A Preferred Stock, of which 1,500 shares are issued and
outstanding on the date hereof, in each case owned beneficially and of record by the Persons in the respective amounts set forth on Schedule 4.09(a). 
  
 (b) Options. (i) There are no outstanding subscriptions, warrants, options, calls, commitments or other rights or agreements to which the Company
or any other Person is bound or entitled to the benefit of relating to the issuance, sale, redemption, transfer or voting of any Capital Stock of the Company, (ii) no shares of Capital Stock of the Company are reserved for any purpose and (iii)
except as set forth in the Investor Rights Agreement, no Person has any right or entitlement to any equity securities of the Company (including as the result of any Preemptive Rights). 
  

 9 

 (c) Ownership Subsequent to Closing. Immediately after the Closing, the authorized capital stock
of the Company shall consist solely of: 
  
 (i)
2,000,000 shares of Common Stock, of which (A) 1,750,000 shares will be designated Class A Common Stock, of which (i) 678,561 shares will be issued and outstanding as of the Closing Date, owned of record by the Persons in the respective amounts set
forth on Schedule 4.09 and (ii) no more than 80,000 shares will be reserved for issuance upon exercise of the Options to be issued pursuant to an equity incentive plan to be approved by the board of directors of the Company and (B) 250,000
shares will be designated Class B Common Stock, of which 241,436 will be issued and outstanding as of the Closing Date owned of record by the Purchasers in the respective amounts set forth on Schedule 4.09(c); and 
  
 (ii) 118,500 shares of Series A Preferred Stock, plus the
number of Additional Preferred Shares issued hereunder, the number of which that will be issued and outstanding immediately after the Closing will be equal to the number of Preferred Shares issued hereunder plus 1,500, all of which will be
owned immediately after the Closing of record by the Persons in the respective amounts set forth on Schedule 4.09(c). 
  
 (d) Validity. Each of the Purchased Securities, upon issuance thereof in accordance with the terms of this Agreement, (i) will have been duly
authorized and validly issued, will be fully paid and nonassessable and, other than as set forth in the Investor Rights Agreement, will not be subject to call and (ii) will not have been issued in violation of, and will not be subject to, any
Preemptive Rights. 
  
 (e) Ownership of Acquisition Sub.
The authorized Capital Stock of the Acquisition Sub immediately prior to Closing consists solely of 1,000 shares of Common Stock of which 1,000 shares are issued and outstanding on the Closing Date owned beneficially and of record by the Company.
There are no outstanding subscriptions, warrants, options, calls, commitments or other rights or agreements to which the Acquisition Sub, the Company or any other Person is bound or entitled to the benefit of relating to the issuance, sale,
redemption, transfer or voting of any Capital Stock of the Acquisition Sub, no shares of Capital Stock of the Acquisition Sub are reserved for any purpose and no Person has any right or entitlement to any equity securities of the Acquisition Sub
(including as the result of any Preemptive Rights). 
  
 4.10
Private Offering. No form of general solicitation or general advertising was used by the Company or its representatives in connection with the offer or sale of the Purchased Securities. Assuming the truth of the representations made in
Article V, no registration of the Purchased Securities pursuant to the provisions of the Securities Act or any state securities or “blue sky” laws will be required by the offer, sale or issuance of the Purchased Securities. 
  
 4.11 Broker’s, Finder’s or Similar Fees. Except for fees
payable by the Company to Wand Management Services in the amount of $500,000, there are no brokerage commissions, finder’s fees or similar fees or commissions payable in connection with the transactions 

  

 10 

 
contemplated hereby or any other Transaction Document to which the Company is a party, based on any agreement, arrangement or understanding with the Company
or any action taken by the Company. 
  
 4.12 Acquisition
Documents. The Company has delivered to the Purchasers true, complete and correct copies of the Acquisition Agreement and the other Acquisition Documents, together with all amendments and modifications thereto. Such documents (including the
schedules and exhibits thereto) comprise a full and complete copy of all agreements between the parties thereto with respect to the subject matter thereof and all transactions related thereto, and there are no agreements or understandings, oral or
written, or side agreements not contained therein that relate to or modify the substance thereof. 
  
 4.13 Senior Loan Documents. The copies of the Senior Loan Documents, if any, attached to the Financing Certificate are true, complete and correct
copies of the Senior Loan Documents together with all amendments and modifications thereto. Such documents (including the schedules and exhibits thereto) comprise a full and complete copy of all agreements between the parties thereto with respect to
the subject matter thereof and all transactions related thereto, and there are no agreements or understandings, oral or written, or side agreements not contained therein that relate to or modify the substance thereof. 
  
 ARTICLE V 
  
 REPRESENTATIONS AND 
 WARRANTIES OF THE INVESTORS 
  
 Each Investor, severally and not jointly, hereby represents and warrants as follows as to itself only and not as to any other Investor, as of the date hereof and as of the Closing Date: 
  
 5.01 Authorization; No Contravention. The execution, delivery and
performance by such Investor of this Agreement and each other Transaction Document to which it is or will be a party (a) is within such Investor’s power and authority and has been duly authorized by all necessary action, (b) does not contravene
the terms of such Investor’s organizational documents or any amendment thereof and (c) will not violate, conflict with or result in any breach or contravention of any Contractual Obligation of such Investor, or any Requirement of Law applicable
to such Investor. 
  
 5.02 Binding Effect. This Agreement
and each other Transaction Document to which it is or will be a party has been duly executed and delivered by such Investor, and this Agreement constitutes the legal, valid and binding obligation of such Investor enforceable against it in accordance
with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights generally or by general
equitable principles relating to enforceability. 
  

 11 

 5.03 Accredited Investor; Purchase for Own Account. Such Investor is an “accredited
investor” within the meaning of Regulation D under the Securities Act. The Purchased Securities are being or will be acquired for its own account for investment purposes only and with no intention of distributing or reselling such securities or
any part thereof in any transaction that would be in violation of the Securities Act or the securities laws of any state, without prejudice, however, to the rights of such Investor at all times to sell or otherwise dispose of all or any part of the
Purchased Securities under an effective registration statement under the Securities Act, or under an exemption from such registration available under the Securities Act. If such Investor should in the future decide to dispose of the Purchased
Securities, such Investor understands and agrees that it may do so only in compliance with the Securities Act and applicable state securities laws, as then in effect. 
  
 5.04 Broker’s, Finder’s or Similar Fees. Except for fees payable by the Company to Wand Management Services
in the amount of $500,000, there are no brokerage commissions, finder’s fees or similar fees or commissions payable in connection with the transactions contemplated hereby, or by any other Transaction Document to which such Investor is a party,
based on any agreement, arrangement or understanding with such Investor or any action taken by such Investor. 
  
 5.05 Governmental Authorization; Third Party Consent. Except as contemplated by the Transaction Documents, no approval, consent, compliance,
exemption, authorization or other action by, or notice to, or filing with, any Governmental Authority or any other Person in respect of any Requirement of Law, and no lapse of a waiting period under a Requirement of Law, is necessary or required in
connection with the execution, delivery or performance by such Investor or enforcement against such Investor of this Agreement and each other Transaction Document to which it is or will be a party or the transactions contemplated hereby or thereby.

  
 5.06 Independent Investor. Such Investor has
independently (a) evaluated the Company, its Subsidiaries, the Acquisition, the Subject Companies and each of the transactions contemplated by or referred to herein, (b) reviewed this Agreement and the Transaction Documents and the transactions
contemplated hereby and thereby and (c) made its own investment decision with respect to such transactions, in each case without reliance on any other Investor. Such Investor has received all the information it considers necessary or appropriate for
deciding whether to purchase the Purchased Securities. Each Investor understands that it shall be responsible for its own investment risk arising as a result of the transactions contemplated by this Agreement and the Transaction Documents (except
with respect to its indemnity and other rights against the Company as set forth herein and therein). 
  
 ARTICLE VI 
  
 COVENANTS PRIOR TO CLOSING 
  
 6.01
Commercially Reasonable Efforts. The Company will use its commercially reasonable efforts to take all actions necessary, proper or advisable in order to perform the transactions contemplated hereby (including satisfaction, but not
waiver, of the closing conditions set forth in Article III) and to obtain a Senior Credit Facility; provided, that the 

  

 12 

 
Company shall not make a Form A filing (or other insurance regulatory filing relating to the transactions contemplated hereby and by the Acquisition
Documents) without providing counsel to the Purchasers an opportunity to review and approve such filing (which approval shall not be unreasonably withheld or delayed). Each of the Investors will use all commercially reasonable efforts to (a) take
all actions necessary, proper or advisable to perform its respective obligations hereunder and (b) assist and co-operate with the Company in connection with all filings contemplated in the preceding sentence. Without limitation of the foregoing,
upon the written direction of the Purchasers stating that all conditions precedent in Article III have been satisfied or waived by each Purchaser (which shall be promptly delivered upon such satisfaction or waiver), the Company, each Purchaser and
each of the Wand Principals shall perform all actions to be performed at the Closing and at the closing referred to in the Acquisition Agreement. 
  
 6.02 Company and Wand Exclusivity. Until October 15, 2003, none of the Wand Principals, the Company or its Subsidiaries will, and each of them will
cause its Affiliates and representatives (including any director, officer, employee, agent, consultant, advisor or other representative, including legal counsel, accountants and financial advisors) not to, directly or indirectly: (a) solicit,
initiate or encourage any inquiry, proposal, offer or contact from any entity or person (other than the Purchasers) relating to (i) any acquisition, divestiture, merger, share exchange, consolidation, business combination, recapitalization,
redemption, financing, sale of a substantial amount of assets or similar transaction involving either Seller or their respective Affiliates or (ii) any transaction involving the sale of any direct or indirect equity-linked interest in the Company or
otherwise relating to any transaction described in clause (i) (the transactions in this clause (a) are collectively referred to as a “Competitive Transaction”); or (b) participate in any discussion or negotiation regarding, furnish any
information with respect to, assist or participate in, or facilitate in any other manner any effort or attempt by any entity or person (other than the Purchasers) to do or seek any Competitive Transaction. If any entity or person makes any inquiry,
proposal, offer or contact with respect to any Competitive Transaction described above, the Company or the Wand Principal receiving such inquiry, proposal, offer or contact will immediately notify each Purchaser in writing of such incident and all
related details. 
  
 6.03 Purchaser Exclusivity. Prior to
January 1, 2004 none of the Purchasers will pursue (a) unless approved in writing by the Wand Principals, the Acquisition or any related or similar transaction involving either Seller or (b) unless approved in writing by each other Purchaser, an
equity financing of the Company (or any of its Subsidiaries) or any Affiliate of the Wand Principals in connection with the Acquisition, in each case outside the terms and conditions described herein. 
  
 6.04 Limitation on Actions. Unless otherwise consented to by the
Required Purchasers, prior to the Closing Date, the Company will not, and will not permit any of its Subsidiaries to, take any actions or conduct any businesses other than in connection with the consummation of the Acquisition and the negotiation
and consummation of the financing thereof (including, without limitation, the negotiation of each of the Transaction Documents which are not executed as of the date hereof). 
  

 13 

 6.05 Notice of Developments. The Company will promptly, and in any event within three Business
Days (a) deliver to the Purchasers copies of any notice that it receives pursuant to any Acquisition Document and (b) notify the Purchasers of any fact or condition developing after the date hereof that would (i) constitute a breach of any
representation or warranty of the Company in this Agreement if such representation or warranty were made on the date of the occurrence or discovery of such fact or condition or (ii) be reasonably likely to result in the conditions precedent set
forth herein or in the Acquisition Agreement not being satisfied. 
  
 ARTICLE VII 
  
 MISCELLANEOUS 
  
 7.01 Survival of Representations and Warranties. All of the
representations and warranties made herein shall survive the execution and delivery of this Agreement, any investigation by or on behalf of the Purchasers, acceptance of the Purchased Securities and payment therefor, or termination of this
Agreement. 
  
 7.02 Notices. All notices, demands and other
communications provided for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, telecopy, overnight courier service or personal delivery: 
  

	 	(a)	if to the Company: 

  
 RTXA, Inc. 
 c/o Wand Partners Inc. 
 630 Fifth Avenue 
 Suite 2435 
 New York, New York 10111 

			
	 Attn:
	  	Bruce W. Schnitzer
	Telephone No.:	  	(212) 632-3795
	 Fax  No.:
	  	(212) 307-5599
		
	With a copy to:	  	 
	Skadden, Arps, Slate, Meagher & Flom LLP
	1440 New York Avenue, NW
	Washington, DC 20005
	Attn:	  	Michael P. Rogan, Esq.
	Telephone No.:	  	202-371-7000
	Fax No.:	  	202-393-5760

  

	 	(b)	if to any Investor, to the respective address set forth on Schedule 7.02 hereto. 

  
 All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally
delivered; when delivered by courier, if delivered by commercial 

  

 14 

 
overnight courier service; five (5) Business Days after being deposited in the mail, postage prepaid, if mailed; and when receipt is acknowledged, if
telecopied. 
  
 7.03 Assignments. The Company shall not
assign its rights or obligations hereunder or under any of the other Transaction Documents without the prior consent of the Required Purchasers. Subject to the provisions of the Investor Rights Agreement, each Holder may assign all or a portion of
its interests, rights and obligations under this Agreement to any Person to which it transfers any Purchased Securities. 
  
 7.04 Amendments, Determinations, Requests or Consents. Any amendment, supplement or modification of or to any provision of this Agreement, any
waiver of any provision of this Agreement, and any consent to any departure by the Company from the terms of any provision of this Agreement, shall be effective (i) only if it is made or given in writing and signed by the Company, and the Required
Purchasers in accordance with this Section and (ii) only in the specific instance and for the specific purpose for which made or given; provided, that: 
  

(a) no amendment or modification shall be made to increase or decrease the allotment of Purchased Securities to any Purchaser, as set forth on
Schedule 2.01, unless approved in writing by that Purchaser; 
  
 (b) no amendment, modification or waiver of any provision of this Agreement that adversely affects the rights of one Investor in a manner materially different from any other Investor shall be effective against such adversely affected
Investor unless approved in writing by that Investor; 
  
 (c) no
Holder shall have the right to give any consent hereunder if such Holder has acquired any Purchased Security in violation of the provisions of the Investor Rights Agreement; and 
  
 (d) if any such amendment, supplement, modification, waiver or consent will adversely affect the Sellers, then the
Sellers’ consent is required and the Sellers shall be provided with prior written notice and, in any event, a copy of any amendment, supplement, modification, waiver or consent shall be provided to the Sellers. 
  
 7.05 Remedies Cumulative. No failure or delay on the part of the
Company or any Holder in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of
any other right, power or remedy. Except as expressly set forth herein, the remedies provided for herein are cumulative and are not exclusive of any remedies that may be available to the Company or any Holder at law, in equity or otherwise.

  
 7.06 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. 
  

 15 

 7.07 Headings. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 
  
 7.08
GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF SUCH STATE. 
  
 7.09 Specific Performance; Arbitration; Limitation on Damages.

  
 (a) Each Investor and the Company acknowledge and agree that
in the event of any breach of this Agreement, the non-breaching party or parties would be irreparably harmed and could not be made whole by monetary damages, and therefore each Investor and the Company hereby waive the defense in any action for
specific performance or injunctive relief that a remedy at law would be adequate. Each Investor and the Company further agree that each Investor, in addition to any other remedy to which such Investor or the Company may be entitled at law or in
equity, shall be entitled to compel specific performance of this Agreement and to obtain injunctive relief in any action instituted in a court of proper jurisdiction. 
  
 (b) Except as provided in Section 7.09(a), any dispute among the parties hereto shall, on demand of any party to such
dispute, be submitted to binding arbitration in New York, New York, conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association by a panel of three impartial arbitrators selected in accordance with such
Rules, and judgement upon the award of the arbitrators may be entered in any court of competent jurisdiction. In rendering their award, the arbitrators shall enforce this Agreement in accordance with its terms and in accordance with applicable law,
and shall assess the costs of such arbitration as they deem just and equitable in light of their determination of the issues being arbitrated. 
  
 (c) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY INVESTOR BE LIABLE TO THE COMPANY OR TO ANY OTHER PARTY OR PERSON WITH RESPECT
TO CLAIMS ARISING HEREUNDER FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES INCLUDING DAMAGES FOR LOSS OF PROFITS, EVEN IF SUCH INVESTOR HAS BEEN ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH LOSS OR DAMAGES. FURTHER, NO
INVESTOR SHALL HAVE ANY LIABILITY WITH RESPECT TO CLAIMS ARISING HEREUNDER FOR ANY AMOUNT IN EXCESS OF ITS AGGREGATE COMMITMENT TO PURCHASE PURCHASED SECURITIES AS SET FORTH ON SCHEDULE 2.01. 
  
 (d) In no event shall any Investor that has tendered all amounts payable by
it under Section 2.01 have any liability to any Person arising out of the failure of any other Investor to perform its obligations hereunder. 
  
 7.10 Severability If any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal
or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and 

  

 16 

 
of the remaining provisions hereof shall not be in any way impaired, unless the provisions held invalid, illegal or unenforceable shall substantially impair
the benefits of the remaining provisions hereof. 
  
 7.11 Rules
of Construction. Unless the context otherwise requires, “or” is not exclusive, and references to sections or subsections refer to sections or subsections of this Agreement. All pronouns and any variations thereof refer to the
masculine, feminine or neuter, singular or plural, as the context may require. 
  
 7.12 Entire Agreement. This Agreement, together with the exhibits and schedules hereto and the other Transaction Documents, is intended by the parties as a final expression of their agreement and intended to be
a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or
referred to herein or therein. This Agreement, together with the exhibits hereto, and the other Transaction Documents supersede all prior agreements and understandings between the parties with respect to such subject matter. 
  
 7.13 Certain Expenses. The Company shall pay or reimburse (a) each
Investor for all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) in connection with the negotiation, preparation, execution and delivery of this Agreement and the Transaction
Documents and the consummation of the transactions contemplated thereby; (b) each Holder for all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses for one counsel to the Required
Purchasers) in connection with any amendment, modification or waiver of any of the terms of this Agreement or any Transaction Document; (c) each Holder for all costs and expenses of such Holder (including, without limitation, reasonable
attorney’s fees and expenses) in connection with (i) any enforcement proceedings resulting herefrom and (ii) the enforcement of this Section 7.13; and (d) each Holder for transfer, stamp, documentary or other similar taxes, assessments or
charges levied by any governmental or revenue authority in respect of this Agreement or the Transaction Documents or any other document referred to herein or therein. 
  
 7.14 Publicity. Except as may be required by applicable law, none of the parties hereto shall issue a publicity
release or announcement or otherwise make any public disclosure concerning this Agreement or the transactions contemplated hereby, without prior approval by the other parties hereto (which approval will not be unreasonably withheld). If any
announcement is required by law to be made by any party hereto, prior to making such announcement such party will deliver a draft of such announcement to the other parties and shall give the other parties an opportunity to comment thereon.
Notwithstanding the foregoing, the parties (and each employee, representative or other agent of the parties) may disclose to any and all persons, without limitation of any kind, the tax treatment and any facts that may be relevant to the tax
structure of the transactions contemplated herein; provided, however, that no party (nor any employee, representative or other agent thereof) may disclose any other information that is not relevant to understanding the tax treatment
and tax structure of the transactions contemplated herein (including the identity of any party and any 

  

 17 

 
information that could lead another to determine the identity of any party), or any information to the extent that such disclosure could result in a
violation of any federal or state securities law. 
  
 7.15
Further Assurances. Each of the parties shall execute such documents and perform such further acts (including, without limitation, obtaining any consents, exemptions, authorizations, or other actions by, or giving any notices to, or making
any filings with, any Governmental Authority or any other Person) as may be reasonably required or desirable to carry out or to perform the provisions of this Agreement. 
  
 7.16 Sellers as Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of
each party hereto, and nothing herein, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement; provided, that the Sellers shall have
rights as third-party beneficiaries of the Purchasers’, several and not joint, agreement to Purchase the Purchased Securities at the Closing on the terms and subject to the conditions and limitations set forth herein. Each Purchaser
acknowledges such rights shall be enforceable by the Sellers in the stead of the Company, subject to the conditions and limitations set forth herein, including without limitation the provisions of Section 7.09; provided, that the Sellers
shall not have the right to commence any enforcement action against any Purchaser until ten (10) Business Days after the date on which the conditions set forth in Article III have been satisfied. 
  

 18 

 IN WITNESS WHEREOF, each party hereto has caused this Agreement to be duly executed as of the date first
above written. 
  

			
	RTXA, INC.
		
	By:	 	/s/    BRUCE W.
SCHNITZER        
	 Name:
	 	Bruce W. Schnitzer
	 Title:
	 	Chairman

  
 [Signature Pages
Continue] 
  

 [Securities Purchase Agreement] 

			
	BANCAMERICA CAPITAL INVESTORS
	SBIC I, L.P.
		
	By:	 	BANCAMERICA CAPITAL MANAGEMENT
	 	 	SBIC I, LLC, its General Partner
		
	By:	 	BANCAMERICA CAPITAL MANAGEMENT I,
	 	 	L.P., its sole member
		
	By:	 	BACM I, GP, LLC, its General Partner
		
	By:	 	/s/    ROBERT H.
SHERIDAN        
	 Name:
	 	 
	 Title:
	 	 

  
 [Signature Pages
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 [Securities Purchase Agreement] 

			
	GREENHILL CAPITAL PARTNERS, L.P.
		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member

  

			
	GREENHILL CAPITAL PARTNERS
	(CAYMAN), L.P.
		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member

  

			
	GREENHILL CAPITAL PARTNERS
	(EXECUTIVE), L.P.
		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member

  

			
	GREENHILL CAPITAL, L.P.
		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member

  
 [Signature Pages
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 [Securities Purchase Agreement] 

			
	BRAZOS EQUITY FUND 2000, L.P.
		
	By:	 	BRAZOS INVESTMENT PARTNERS, LLC,
	 	 	its General Partner
		
	By:	 	/s/    PATRICK K.
MCGEE        
	 Name:
	 	Patrick K. McGee
	 Title:
	 	Authorized Officer

  
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 [Securities Purchase Agreement] 

			
	NORWEST EQUITY PARTNERS VI, LP
		
	By:	 	ITASCA LBO PARTNERS VI, LLP, its General
	 	 	Partner
		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 Name:
	 	Timothy C. DeVries
	 Title:
	 	Partner

  

			
	NORWEST EQUITY PARTNERS VII, LP
		
	By:	 	ITASCA LBO PARTNERS VII, LLP, its General
	 	 	Partner
		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 Name:
	 	Timothy C. DeVries
	 Title:
	 	Partner

  
 [Signature Pages
Continue] 
  

 [Securities Purchase Agreement] 

			
	21ST CENTURY GROUP EQUITY FUND,
L.P.
		
	By:	 	21st CENTURY GP, L.L.C., its General
Partner
		
	By:	 	/s/    JOHN WARE        
	 Name:
	 	John Ware
	 Title:
	 	President

  

			
	21ST CENTURY GROUP COINVESTORS I,
L.P.
		
	By:	 	21st CENTURY GP, L.L.C., its General
Partner
		
	By:	 	/s/    JOHN WARE        
	 Name:
	 	John Ware
	 Title:
	 	President

  
 [Signature Pages
Continue] 
  

 [Securities Purchase Agreement] 

	
	
	/s/    BRUCE W.
SCHNITZER        
	Bruce W. Schnitzer

  

	
	
	/s/    JOHN S. STRUCK        
	John S. Struck

  

	
	
	/s/    PATRICK
MCLAUGHLIN        
	Patrick McLaughlin

  
 [Signature Pages
Continue] 
  

 [Securities Purchase Agreement] 

	
	
	/s/    BRUCE R. MILLIGAN        
	Bruce R. Milligan

  

	
	
	/s/    MARTIN B.
CUMMINGS        
	Martin B. Cummings

  

	
	
	/s/    STEPHEN W. MUDD        
	Stephen W. Mudd

  

 [Securities Purchase Agreement] 

  
 RTXA, INC. 

Schedule 2.01 to Securities Purchase Agreement 
  

																					
	 	  	 	 	 	Series A Preferred Stock

	 	 	Bridge Notes

	 	 	Common Shares

	 Stockholder

	  	 	 	 	Base
Preferred
Shares

	  	% of
Additional
Preferred
Shares to
be
Purchased

	 	 	Maximum
Purchase Amount

	  	% of
Bridge
Notes to
be
Purchased

	 	 	Class A

	  	Class B

	  	Total

	 PRINCIPAL STOCKHOLDERS
	  	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	  	 	  	 
	 BancAmerica Capital Investors SBIC I, L.P.
	  	 	 	 	40,000	  	37.38	%	 	$	11,214,953.27	  	37.38	%	 	57,034	  	241,436	  	298,470
									
	 Greenhill Capital Partners, L.P.
	  	61.53	%	 	24,613	  	23.00	%	 	$	6,900,841.12	  	23.00	%	 	183,660	  	—  	  	183,660
	 Greenhill Capital Partners (Cayman), L.P.
	  	8.97	%	 	3,587	  	3.35	%	 	$	1,005,700.93	  	3.35	%	 	26,763	  	—  	  	26,763
	 Greenhill Capital Partners (Executive), L.P.
	  	9.66	%	 	3,864	  	3.61	%	 	$	1,083,364.49	  	3.61	%	 	28,834	  	—  	  	28,834
	 Greenhill Capital, L.P.
	  	19.84	%	 	7,936	  	7.42	%	 	$	2,225,046.73	  	7.42	%	 	59,214	  	—  	  	59,214
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 Total Greenhill
	  	 	 	 	40,000	  	37.38	%	 	$	11,214,953.27	  	37.38	%	 	298,471	  	—  	  	298,471
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 Brazos Equity Fund 2000, L.P.
	  	 	 	 	15,000	  	14.02	%	 	$	4,205,607.48	  	14.02	%	 	111,926	  	—  	  	111,926
									
	 21st Century Group Equity Fund, L.P.
	  	93.86	%	 	6,101	  	5.70	%	 	$	1,710,560.75	  	5.70	%	 	45,521	  	—  	  	45,521
	 21st Century Group Coinvestors I, L.P.
	  	6.14	%	 	399	  	0.37	%	 	$	111,869.16	  	0.37	%	 	2,980	  	—  	  	2,980
	 Total 21st Century
	  	 	 	 	6,500	  	6.07	%	 	$	1,822,429.91	  	6.07	%	 	48,501	  	—  	  	48,501
									
	 Norwest Equity Partners VI, LP
	  	33.33	%	 	1,667	  	1.56	%	 	$	467,383.18	  	1.56	%	 	12,436	  	—  	  	12,436
	 Norwest Equity Partners VII, LP
	  	66.67	%	 	3,333	  	3.11	%	 	$	934,485.98	  	3.11	%	 	24,872	  	—  	  	24,872
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 Total Norwest
	  	 	 	 	5,000	  	4.67	%	 	$	1,401,869.16	  	4.67	%	 	37,308	  	—  	  	37,308
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 TOTAL PRINCIPAL STOCKHOLDERS
	  	 	 	 	106,500	  	99.53	%	 	$	29,859,813.08	  	99.53	%	 	553,240	  	241,436	  	794,676
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 WAND PRINCIPALS
	  	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	  	 	  	 
	 Bruce W. Schnitzer
	  	 	 	 	—  	  	0.26	%	 	$	78,504.67	  	0.26	%	 	—  	  	—  	  	—  
	 John S. Struck
	  	 	 	 	—  	  	0.11	%	 	$	33,644.86	  	0.11	%	 	—  	  	—  	  	—  
	 Patrick McLaughlin
	  	 	 	 	—  	  	0.09	%	 	$	28,037.38	  	0.09	%	 	—  	  	—  	  	—  
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 TOTAL WAND PRINCIPALS
	  	 	 	 	—  	  	0.47	%	 	$	140,186.92	  	0.47	%	 	—  	  	—  	  	—  
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 MANAGEMENT
	  	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	  	 	  	 
	 Bruce Milligan
	  	 	 	 	300	  	0.00	%	 	 	—  	  	0.00	%	 	29,838	  	—  	  	29,838
	 Martin Cummings
	  	 	 	 	100	  	0.00	%	 	 	—  	  	0.00	%	 	9,946	  	—  	  	9,946
	 Steve Mudd
	  	 	 	 	100	  	0.00	%	 	 	—  	  	0.00	%	 	9,946	  	—  	  	9,946
	 TOTAL MANAGEMENT
	  	 	 	 	500	  	0.00	%	 	 	—  	  	0.00	%	 	49,730	  	—  	  	49,730
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 TOTAL
	  	 	 	 	107,000	  	100.00	%	 	$	30,000,000.00	  	100.00	%	 	602,970	  	241,436	  	844,406
	 	  	 	 	 	
	  	
	
	 	
	
	  	
	
	 	
	  	
	  	

	 	  	 	 	 	500	  	 	 	 	$	30,000,000	  	 	 	 	 	  	 	  	 

  

  
 RTXA, INC. 

SCHEDULE 4.09(a) 
  

											
	 	  	Common Stock

	 	 	Preferred Stock

	 
	 Stockholder

	  	 	  	%

	 	 	 	  	%

	 
	 Bruce W. Schnitzer
	  	42,331	  	56.00	%	 	840	  	56.00	%
	 John S. Struck
	  	18,142	  	24.00	%	 	360	  	24.00	%
	 Patrick McLaughlin
	  	15,118	  	20.00	%	 	300	  	20.00	%
	 	  	—  	  	 	 	 	—  	  	 	 
	 	  	
	  	
	
	 	
	  	
	

	 Total
	  	75,591	  	100.00	%	 	1,500	  	100.00	%
	 	  	
	  	
	
	 	
	  	
	

  

  
 RTXA, INC. 

SCHEDULE 4.09(c) 
 Pro Forma
Capitalization Table 
  

																					
	 	  	 	 	 	Series A Preferred Stock

	  	Common Stock

	 
	 Stockholder

	  	 	 	 	Shares

	  	% of
Series

	 	 	Class A

	  	Class B

	  	Total

	  	Voting
%

	 	 	Fully-
Diluted
%

	 
	 PRINCIPAL STOCKHOLDERS
	  	 	 	 	 	  	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 BancAmerica Capital Investors SBIC I, L.P.
	  	 	 	 	40,000	  	36.87	%	 	57,034	  	241,436	  	298,470	  	8.41	%	 	29.85	%
	 Greenhill Capital Partners, L.P.
	  	61.85	%	 	24,613	  	22.68	%	 	184,598	  	—  	  	184,598	  	27.20	%	 	18.46	%
	 Greenhill Capital Partners (Cayman), L.P.
	  	8.84	%	 	3,587	  	3.31	%	 	26,377	  	—  	  	26,377	  	3.89	%	 	2.64	%
	 Greenhill Capital Partners (Executive), L.P.
	  	9.76	%	 	3,864	  	3.56	%	 	29,136	  	—  	  	29,136	  	4.29	%	 	2.91	%
	 Greenhill Capital, L.P.
	  	19.55	%	 	7,936	  	7.31	%	 	58,360	  	—  	  	58,360	  	8.60	%	 	5.84	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 Total Greenhill
	  	 	 	 	40,000	  	36.87	%	 	298,471	  	—  	  	298,471	  	43.99	%	 	29.85	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 Brazos Equity Fund 2000, L.P.
	  	 	 	 	15,000	  	13.82	%	 	111,926	  	—  	  	111,926	  	16.49	%	 	11.19	%
	 21st Century Group Equity Fund, L.P.
	  	93.86	%	 	6,101	  	5.62	%	 	45,521	  	—  	  	45,521	  	6.71	%	 	4.55	%
	 21st Century Group Coinvestors I, L.P.
	  	6.14	%	 	399	  	0.37	%	 	2,98	  	—  	  	2,980	  	0.44	%	 	0.30	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 Total 21st Century
	  	 	 	 	6,500	  	5.99	%	 	48,501	  	—  	  	48,501	  	7.15	%	 	4.85	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 Norwest Equity Partners VI, LP
	  	33.33	%	 	1,667	  	1.54	%	 	12,436	  	—  	  	 	  	1.83	%	 	1.24	%
	 Norwest Equity Partners VII, LP
	  	66.67	%	 	3,333	  	3.07	%	 	24,872	  	—  	  	24,872	  	3.67	%	 	2.49	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 Total Norwest
	  	 	 	 	5,000	  	4.61	%	 	37,308	  	—  	  	37,308	  	5.50	%	 	3.73	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 TOTAL PRINCIPAL STOCKHOLDERS
	  	 	 	 	106,500	  	98.16	%	 	553,240	  	241,436	  	794,676	  	81.53	%	 	79.47	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 WAND PRINCIPALS
	  	 	 	 	 	  	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 Bruce W. Schnitzer
	  	 	 	 	840	  	0.77	%	 	42,331	  	—  	  	42,331	  	6.24	%	 	4.23	%
	 John S. Struck
	  	 	 	 	360	  	0.33	%	 	18,142	  	—  	  	18,142	  	2.67	%	 	1.81	%
	 Patrick McLaughlin
	  	 	 	 	300	  	0.28	%	 	15,118	  	—  	  	15,118	  	2.23	%	 	1.51	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 TOTAL WAND PRINCIPALS
	  	 	 	 	1,500	  	1.38	%	 	75,591	  	—  	  	75,591	  	11.14	%	 	7.56	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 MANAGEMENT
	  	 	 	 	 	  	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 Bruce Milligan
	  	 	 	 	300	  	0.28	%	 	29,838	  	 	  	29,838	  	4.40	%	 	2.98	%
	 Martin Cummings
	  	 	 	 	100	  	0.09	%	 	9,946	  	 	  	9,946	  	1.47	%	 	0.99	%
	 Steve Mudd
	  	 	 	 	100	  	0.09	%	 	9,946	  	 	  	9,946	  	1.47	%	 	0.99	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 TOTAL MANAGEMENT
	  	 	 	 	500	  	0.46	%	 	49,730	  	—  	  	49,730	  	7.33	%	 	4.97	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 TOTAL
	  	 	 	 	108,500	  	100.00	%	 	678,561	  	241,436	  	919,997	  	100.00	%	 	92.00	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	
	
	 	
	

	 OPTION PLAN
	  	 	 	 	—  	  	0.00	%	 	80,000	  	—  	  	80,000	  	 	 	 	8.00	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	 	 	 	
	

	 FULLY DILUTED TOTAL
	  	 	 	 	108,500	  	100	%	 	758,561	  	241,436	  	999,997	  	 	 	 	100.00	%
	 	  	 	 	 	
	  	
	
	 	
	  	
	  	
	  	 	 	 	
	

  

  
 Schedule 7.02

  
 Notice Addresses for Investors 
  
 Banc Of America Capital Investors SBIC I, L.P. 
 Bank of America Corporate Center 
 100 North Tryon St., 25th Floor 
 Charlotte, North Carolina
28255-0001 
 Attn: Robert H. Sheridan III 
 Fax: (704) 386-6432

  
 Greenhill Capital Partners, L.P. 
 Greenhill Capital Partners (Cayman), L.P. 
 Greenhill Capital
Partners (Executive), L.P. 
 Greenhill Capital, L.P. 
 300 Park Ave., 23rd Floor 
 New York, NY 10022 
 Attn: Timothy M. Dwyer 
 Fax: (212) 389-1726 
  
 Brazos Equity Fund
2000, L.P. 
 300 Crescent Court 
 Suite 1740 
 Dallas, TX 75201 
 Attn: Patrick K. McGee 
 Fax: (214) 756-6505 
  
 Norwest Equity Partners VI, LP 
 Norwest Equity Partners VII, LP 
 c/o Norwest Venture Capital Management, Inc. 
 3600 IDS Center 
 Minneapolis, MN55402 
 Attn: Timothy C. DeVries and Stephen B. Soderling

 Fax: (612) 215-1601 
  
 21st Century Group Equity Fund, L.P.

 21st Century
Group Coinvestors I, L.P. 
 200 Crescent Court 
 Suite
1600 
 Dallas, TX 75201 
 Office: (214) 965-7973 
 Attn: John L. Ware 
 Fax: (214) 965-7993 
  

 Bruce W. Schnitzer 
 John S. Struck 
 Patrick McLaughlin 
 c/o
Wand Partners, Inc. 
 630 Fifth Ave, Suite 2435 
 New York, NY
10111 
 Attn: Bruce Schnitzer 
 Fax: (212) 307-5599 

 
 Bruce R. Milligan 
 Martin B. Cummings 
 Stephen W. Mudd 
 c/o Wand Partners, Inc. 
 630 Fifth Ave, Suite 2435 
 New York, NY 10111 
 Attn: Bruce Schnitzer 
 Fax: (212) 307-5599 
  

 [Securities Purchase Agreement] 

 EXECUTION COPY 
  
 FIRST AMENDMENT 
 TO 

SECURITIES PURCHASE AGREEMENT 
  
 This First Amendment (this “Amendment”), dated as of August 29, 2003, is entered into by and among RTXA, INC., a Delaware corporation (the
“Company”), and each of the investors listed on the signature pages hereto (collectively, the “Investors”). 
  
 RECITALS: 
  
 WHEREAS, the parties hereto entered into a Securities Purchase Agreement, dated as of May 9, 2003 (as amended, the “Purchase Agreement”),
pursuant to which certain of the Investors agreed to purchase securities from the Company on the Closing Date (the “Original Securities”) for an amount not less than $107,000,000; 
  
 WHEREAS, the parties herein desire to reduce the amount paid for the Original
Securities to an amount not less than $105,000,000, and to make certain other amendments, certifications and waivers as set forth herein; and 
  
 WHEREAS, the Company has determined that it will not have available the proceeds of a senior credit facility and the Company and the Investors desire to
provide bridge financing to the Company pursuant to the issuance by the Company to the Investors of shares of Series B Preferred Stock (as defined below). 
  
 NOW, THEREFORE, in consideration of the foregoing and the agreements, promises and covenants set forth below, and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Definitions. Capitalized terms used but not otherwise defined in this Amendment shall have the respective meanings ascribed to them in the
Purchase Agreement. 
  
 2. Amendments to Purchase
Agreement. 
  
 (a) Amendment to Defined
Terms. Section 1.01 is hereby amended by inserting in appropriate alphabetical order, or as applicable, replacing the following definitions: 
  
 “Purchased Securities” means, collectively, the Preferred Shares and the Common Shares purchased hereunder. 

 
 “Series B Preferred Stock” means the
Series B Redeemable Preferred Stock of the Company, as described in the Certificate of Incorporation. 
  

 “Transaction Documents” means collectively, this Agreement, the Investor
Rights Agreement, the Registration Agreement, the Wand Consulting Agreements, the Company Charter Documents, the SBIC Letter and the Acquisition Documents. 
  
 (b) Deletion of Defined Terms. The following defined terms are hereby deleted from the Agreement together with all references
thereto: 
  
 “Preferred Stock”

  
 “Senior Credit Facility”

  
 “Senior Loan Agreement”

  
 “Senior Loan
Documents” 
  
 (c) Amendment
to Section 2.01. Section 2.01 is hereby deleted in its entirety and replaced with the following: 
  
 2.01 Purchase and Sale of Purchased Securities. Subject to the terms and conditions hereof, the Company will issue to the
Purchasers, and each Purchaser, severally and not jointly, will acquire from the Company on the Closing Date the following securities: 
  
 (a) Series A Preferred Stock. The Company shall issue 105,000 shares of Series A Preferred Stock (the “Base Preferred
Shares”) allocated as set forth on Schedule 2.01. 
  
 (b) Common Shares. The Company shall issue shares of Common Stock, in the respective amounts as set forth on Schedule 2.01 (the “Common Shares”). The Common Shares and the Base Preferred Shares
shall be issued for an aggregate combined purchase price of $105,000,000. 
  
 (c) Series B Preferred Stock. The Company shall issue the shares of Series B Preferred Stock (the “Additional Preferred Shares” and, together with the Base Preferred Shares, the “Preferred
Shares”) in the respective amounts as set forth on Schedule 2.01 for a purchase price of $22,000,000. 
  
 (d) Amendment to Schedule 2.01. Schedule 2.01 is hereby deleted in its entirety and replaced with Schedule 2.01 attached hereto.

  
 (e) Amendment to Section 2.02. Section
2.02 is hereby amended by substituting the defined term “Base Preferred Shares” for all references to the defined term “Preferred Shares” therein. 
  

 2 

 (f) Amendment to Section 4.09. Sections 4.09(a) through 4.09(c) are hereby deleted
in their entirety and replaced with the following: 
  
 4.09 Capitalization. 
  
 (a)
Ownership Prior to Closing. The authorized Capital Stock of the Company immediately prior to the Closing consists solely of (i) 2,000,000 shares of Common Stock of which (A) 1,750,000 shares will be designated Class A Common Stock, of which
75,591 shares are issued and outstanding as of the date hereof and (B) 250,000 shares are designated Class B Common Stock, none of which are outstanding on the date hereof, (ii) 110,000 shares of Series A Preferred Stock, of which 1,500 shares are
issued and outstanding on the date hereof, and (iii) 22,000 shares of Series B Preferred Stock, none of which are outstanding on the date hereof. The outstanding shares of Capital Stock of the Company are owned beneficially and of record by the
Persons in the respective amounts set forth on Schedule 4.09(a). 
  
 (b) Options. (i) There are no outstanding subscriptions, warrants, options, calls, commitments or other rights or agreements to which the Company or any other Person is bound or entitled to the benefit of
relating to the issuance, sale, redemption, transfer or voting of any Capital Stock of the Company (other than the Investor Rights Agreement), (ii) prior to Closing, no shares of Capital Stock of the Company are reserved for any purpose and (iii)
except as set forth in the Investor Rights Agreement, no Person has any right or entitlement to any equity securities of the Company (including as the result of any Preemptive Rights). 
  
 (c) Ownership Subsequent to Closing. Immediately after the Closing, the authorized capital stock of
the Company shall consist solely of: 
  
 (i)
2,000,000 shares of Common Stock, of which (A) 1,750,000 shares will be designated Class A Common Stock, of which (i) 678,561 shares will be issued and outstanding as of the Closing Date, owned of record by the Persons in the respective amounts set
forth on Schedule 4.09(c) and (ii) no more than 80,000 shares will be reserved for issuance upon exercise of the Options to be issued pursuant to an equity incentive plan to be approved by the board of directors of the Company and (B) 250,000
shares will be designated Class B Common Stock, of which 241,436 will be issued and outstanding as of the Closing Date owned of record by the Purchasers in the respective amounts set forth on Schedule 4.09(c); 
  

 3 

 (ii) 110,000 shares of Series A Preferred Stock, 106,500 of which are issued and
outstanding and owned of record by the Persons in the respective amounts set forth on Schedule 4.09(c); and 
  
 (iii) 22,000 shares of Series B Preferred Stock, all of which are issued and outstanding and owned of record by the Persons in the
respective amounts set forth on Schedule 4.09(c). 
  
 (g) Amendment to Schedule 4.09(c). Schedule 4.09(c) is hereby deleted in its entirety and replaced with Schedule 4.09(c) attached hereto. 
  
 (h) Amendment to Section 4.13. Section 4.13 is hereby deleted in its entirety. 
  
 (i) Amendment to Exhibit A. Exhibit A is hereby
deleted in its entirety together with all references thereto. 
  
 3. Closing Fee. The Company hereby agrees to pay a closing fee of $1,000,000 to certain of the Investors, allocated pro rata as set forth on Schedule 2.01 attached hereto. The Company and each Investor acknowledge that such
fee shall not constitute a breach of the representations set forth in Sections 4.11 and 5.04 of the Agreement. 
  
 4. Financing Certification and Waiver. Pursuant to Section 2.03(b) of the Purchase Agreement, the Company hereby certifies that, as of the Closing
Date, it will not receive on the Closing Date any proceeds from a senior credit facility. Each Purchaser hereby waives its right under Section 2.03(b) of the Purchase Agreement to receive a separate Financing Certificate as required by such section.

  
 5. Closing Certification. Upon the effectiveness of
this Amendment, the Company and each Investor hereby reaffirm all representations and warranties made in the Purchase Agreement, and to the extent the same are not amended hereby, agree that all such representations and warranties shall be deemed to
have been remade as of the date of delivery of this Amendment, unless and to the extent that any such representation and warranty is stated to relate solely to an earlier date, in which case such representation and warranty shall be true and correct
as of such earlier date. Furthermore, the Company hereby represents and warrants that all conditions precedent to the obligations of the Company and Acquisition Sub under the Acquisition Agreement, as in effect on the date hereof, have been
satisfied without any waiver by the Company or Acquisition Sub, and that the Company will acquire good title to the Shares (as set forth in the Acquisition Agreement) as of the Closing. 
  
 6. Additional Representations and Warranties. This Amendment and the Purchase Agreement, as amended hereby,
constitute legal, valid and binding obligations of the parties hereto and are enforceable against each of the parties hereto in accordance with their terms. 
  
 7. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York, without regard to the
principles of conflicts of law of such state. 
  

 4 

 8. No Further Amendment. Except as expressly set forth herein, all other provisions of the
Purchase Agreement shall be unmodified and shall continue in full force and effect. 
  
 9. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. Signatures may be exchanged
by telecopy, with original signatures to follow. Each party to this Amendment agrees that it will be bound by its own telecopied signature and that it accepts the telecopied signatures of the other parties to this Amendment. 
  
 [SIGNATURE PAGES FOLLOW] 
  

 5 

 IN WITNESS WHEREOF, each party hereto has caused this Amendment to be duly executed as of the date first
above written. 
  

			
	 RTXA, INC.

		
	By:	 	/s/    BRUCE W.
SCHNITZER        
	 Name:
	 	Bruce W. Schnitzer
	 Title:
	 	President

  

			
	ACKNOWLEDGED AND APPROVED:
	
	 REPUBLIC FINANCIAL SERVICES, INC.,
a Texas corporation

		
	By:	 	/s/    LAURA K. HINSON        
	 Name:
	 	Laura K. Hinson
	 Title:
	 	Vice President
	
	 REPUBLIC FINANCIAL SERVICES, INC.,
a Nevada corporation

		
	By:	 	/s/    LAURA K. HINSON        
	 Name:
	 	Laura K. Hinson
	 Title:
	 	Vice President

  
 [Signature Pages
Continue] 
  

 6 

			
	BANC OF AMERICA CAPITAL INVESTORS SBIC, L.P.
		
	By:	 	BANC OF AMERICA CAPITAL MANAGEMENT SBIC, LLC, General Partner
		
	By:	 	BANC OF AMERICA CAPITAL MANAGEMENT, L.P., its sole member
		
	By:	 	BACM I GP, LLC, its General Partner
		
	By:	 	/s/    ROBERT L. EDWARDS,
JR.        
	 Name:
	 	Robert L. Edwards, Jr.
	 Title:
	 	 Authorized Signatory

  
 [Signature Pages
Continue] 
  

 7 

			
	 GREENHILL CAPITAL PARTNERS, L.P.

		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member
	
	 GREENHILL CAPITAL PARTNERS (CAYMAN), L.P.

		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member
	
	 GREENHILL CAPITAL PARTNERS (EXECUTIVE), L.P.

		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member
	
	 GREENHILL CAPITAL, L.P.

		
	By:	 	GCP, LLC, its General Partner
		
	By:	 	/s/    SCOTT L. BOK        
	 Name:
	 	Scott L. Bok
	 Title:
	 	Managing Member

  
 [Signature Pages
Continue] 
  

 8 

			
	 BRAZOS EQUITY FUND 2000, L.P.

		
	By:	 	Brazos Investment Partners, LLC, Its general partner
		
	By:	 	/s/    PATRICK K.
MCGEE        
	 Name:
	 	 
	 Title:
	 	 

  
 [Signature Pages
Continue] 
  

 9 

			
	NORWEST EQUITY PARTNERS VI, LP
		
	By:	 	ITASCA LBO Partners VI, LLP, Its general partner
		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 Name:
	 	Timothy C. DeVries
	 Title:
	 	Managing Partner
	
	NORWEST EQUITY PARTNERS VII, LP
		
	By:	 	ITASCA LBO Partners VII, LLP, Its general partner
		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 Name:
	 	Timothy C. DeVries
	 Title:
	 	Managing Partner

  
 [Signature Pages
Continue] 
  

 10 

			
	21ST CENTURY GROUP EQUITY FUND,
L.P.
		
	 By:
	 	 21st
Century GP, L.L.C., Its general partner

		
	By:	 	/s/    JOHN WARE        
	 Name:
	 	John Ware
	 Title:
	 	President
	
	21ST CENTURY GROUP COINVESTORS I,
L.P.
		
	By:	 	 21st
Century GP, L.L.C., Its general partner

		
	By:	 	/s/    JOHN WARE        
	 Name:
	 	John Ware
	 Title:
	 	President

  
 [Signature Pages
Continue] 
  

 11 

	
	
	/s/    BRUCE W.
SCHNITZER        
	Bruce W. Schnitzer
	
	/s/    JOHN S. STRUCK        
	John S. Struck
	
	/s/    PATRICK
MCLAUGHLIN        
	Patrick McLaughlin

  
 [Signature Pages
Continue] 
  

 12 

	
	
	/s/    BRUCE R. MILLIGAN        
	Bruce R. Milligan
	
	/s/    MARTIN B.
CUMMINGS        
	Martin B. Cummings
	
	/s/    STEPHEN W. MUDD        
	Stephen W. Mudd

  

 13 

 RTXA, INC. 
 Revised Schedule 2.01 to Securities Purchase Agreement 
  

																										
	 	  	 	 	 	Preferred Stock

	  	Common Stock

	  	Purchase Price

	  	 
	 Stockholder

	  	 	 	 	Series A
Preferred
Shares

	  	Series B
Preferred
Shares

	  	Class A

	  	Class B

	  	Total Shares

	  	Base Purchase
Price

	  	Bridge Purchase
Price

	  	Total Purchase
Price

	  	Closing Fee

	 PRINCIPAL STOCKHOLDERS
	  	 	 	 	 	  	 	  	 	  	 	  	 	  	 	 	  	 	 	  	 	 	  	 	 
	 BancAmerica Capital Investors SBIC I, L.P.
	  	 	 	 	39,252	  	8,223	  	57,034	  	241,436	  	298,470	  	$	39,252,000.00	  	$	8,223,445.39	  	$	47,475,445.39	  	$	373,792.97
											
	 Greenhill Capital Partners, L.P.
	  	61.85	%	 	24,276	  	5,086	  	184,598	  	—  	  	184,598	  	$	24,276,620.34	  	$	5,085,915.63	  	$	29,362,535.97	  	$	231,177.98
	 Greenhill Capital Partners (Cayman), L.P.
	  	8.84	%	 	3,469	  	727	  	26,377	  	—  	  	26,377	  	$	3,468,820.32	  	$	726,768.88	  	$	4,195,589.20	  	$	33,034.95
	 Greenhill Capital Partners (Executive), L.P.
	  	9.76	%	 	3,832	  	803	  	29,136	  	—  	  	29,136	  	$	3,831,639.76	  	$	802,818.78	  	$	4,634,458.54	  	$	36,491.76
	 Greenhill Capital, L.P.
	  	19.55	%	 	7,675	  	1,608	  	58,360	  	—  	  	58,360	  	$	7,674,919.58	  	$	1,607,942.10	  	$	9,282,861.68	  	$	73,088.28
	 Total Greenhill
	  	 	 	 	39,252	  	8,223	  	298,471	  	—  	  	298,471	  	$	39,252,000.00	  	$	8,223,445.39	  	$	47,475,445.39	  	$	373,792.97
											
	 Brazos Equity Fund 2000, L.P.
	  	 	 	 	14,720	  	3,084	  	111,926	  	—  	  	111,926	  	$	14,720,000.00	  	$	3,083,896.77	  	$	17,803,896.77	  	$	140,177.13
											
	 21st Century Group Equity Fund, L.P.
	  	93.86	%	 	5,987	  	1,254	  	45,521	  	—  	  	45,521	  	$	5,987,046.43	  	$	1,254,299.59	  	$	7,241,346.02	  	$	57,013.62
	 21st Century Group Coinvestors I, L.P.
	  	6.14	%	 	392	  	82	  	2,980	  	—  	  	2,980	  	$	391,953.57	  	$	82,125.51	  	$	474,079.08	  	$	3,732.98
	 Total 21st Century
	  	 	 	 	6,379	  	1,336	  	48,501	  	—  	  	48,501	  	$	6,379,000.00	  	$	1,336,425.10	  	$	7,715,425.10	  	$	60,746.60
											
	 Norwest Equity Partners VI, LP
	  	33.33	%	 	1,636	  	343	  	12,436	  	—  	  	12,436	  	$	1,635,666.67	  	$	342,748.31	  	$	1,978,414.98	  	$	15,579.47
	 Norwest Equity Partners VII, LP
	  	66.67	%	 	3,271	  	685	  	24,872	  	—  	  	24,872	  	$	3,271,333.33	  	$	685,287.12	  	$	3,956,620.45	  	$	31,149.41
	 Total Norwest
	  	 	 	 	4,907	  	1,028	  	37,308	  	—  	  	37,308	  	$	4,907,000.00	  	$	1,028,035.43	  	$	5,935,035.43	  	$	46,728.88
											
	 TOTAL PRINCIPAL STOCKHOLDERS
	  	 	 	 	104,510	  	21,895	  	553,240	  	241,436	  	794,676	  	$	104,510,000.00	  	$	21,895,248.07	  	$	126,405,248.07	  	$	995,238.55
											
	 WAND PRINCIPALS
	  	 	 	 	 	  	 	  	 	  	 	  	 	  	 	 	  	 	 	  	 	 	  	 	 
	 Bruce W. Schnitzer
	  	 	 	 	—  	  	59	  	 	  	—  	  	—  	  	$	 —  	  	$	58,661.08	  	$	58,661.08	  	$	2,666.41
	 John S. Struck
	  	 	 	 	—  	  	25	  	 	  	—  	  	—  	  	$	 —  	  	$	25,140.46	  	$	25,140.46	  	$	1,142.75
	 Patrick McLaughlin
	  	 	 	 	—  	  	21	  	 	  	—  	  	—  	  	$	 —  	  	$	20,950.39	  	$	20,950.39	  	$	952.29
	 TOTAL WAND PRINCIPALS
	  	 	 	 	—  	  	105	  	—  	  	—  	  	—  	  	$	 —  	  	$	104,751.93	  	$	104,751.93	  	$	4,761.45
											
	 MANAGEMENT
	  	 	 	 	 	  	—  	  	 	  	 	  	 	  	 	 	  	 	 	  	 	 	  	 	 
	 Bruce Milligan
	  	 	 	 	294	  	—  	  	29,838	  	—  	  	29,838	  	$	294,000.00	  	$	 —  	  	$	294,000.00	  	$	 —  
	 Martin Cummings
	  	 	 	 	98	  	—  	  	9,946	  	—  	  	9,946	  	$	98,000.00	  	$	 —  	  	$	98,000.00	  	$	 —  
	 Steve Mudd
	  	 	 	 	98	  	—  	  	9,946	  	—  	  	9,946	  	$	98,000.00	  	$	 —  	  	$	98,000.00	  	$	 —  
	 TOTAL MANAGEMENT
	  	 	 	 	490	  	—  	  	49,730	  	—  	  	49,730	  	$	490,000.00	  	$	 —  	  	$	490,000.00	  	$	 —  
											
	 TOTAL
	  	 	 	 	105,000	  	22,000	  	602,970	  	241,436	  	844,406	  	$	105,000,000.00	  	$	22,000,000.00	  	$	127,000,000.00	  	$	1,000,000.00

  

 14 

  
 RTXA, INC.

 SCHEDULE 4.09(a) 
  

											
	 	  	Common Stock

	 	 	Preferred Stock

	 
	 Stockholder

	  	
	  	%

	 	 	
	  	%

	 
	 Bruce W. Schnitzer
	  	42,331	  	56.00	%	 	840	  	56.00	%
	 John S. Struck
	  	18,142	  	24.00	%	 	360	  	24.00	%
	 Patrick McLaughlin
	  	15,118	  	20.00	%	 	300	  	20.00	%
	 	  	
	  	
	
	 	
	  	
	

	 Total
	  	75,591	  	100.00	%	 	1,500	  	100.00	%
	 	  	
	  	
	
	 	
	  	
	

  

  
 RTXA, INC.

 SCHEDULE 4.09(c) 
 Pro Forma Capitalization Table 
  

																													
	 	  	 	 	 	Preferred Stock

	 	 	Common Stock

	 
	 Stockholder

	  	 	 	 	Series A
Shares

	  	% of
Series

	 	 	Series B
Shares

	  	% of
Series

	 	 	% of
Preferred

	 	 	Class A

	  	Class B

	  	Total

	  	Voting
%

	 	 	Fully-
Diluted
%

	 
	 PRINCIPAL STOCKHOLDERS
	  	 	 	 	 	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 BancAmerica Capital Investors SBIC I, L.P.
	  	 	 	 	39,252	  	36.86	%	 	8,223	  	37.38	%	 	36.95	%	 	57,034	  	241,436	  	298,470	  	8.41	%	 	29.85	%
												
	 Greenhill Capital Partners, L.P.
	  	61.85	%	 	24,276	  	22.79	%	 	5,086	  	23.12	%	 	22.85	%	 	184,598	  	—  	  	184,598	  	27.20	%	 	18.46	%
	 Greenhill Capital Partners (Cayman), L.P.
	  	8.84	%	 	3,469	  	3.26	%	 	727	  	3.30	%	 	3.27	%	 	26,377	  	—  	  	26,377	  	3.89	%	 	2.64	%
	 Greenhill Capital Partners (Executive), L.P.
	  	9.76	%	 	3,832	  	3.60	%	 	803	  	3.65	%	 	3.61	%	 	29,136	  	—  	  	29,136	  	4.29	%	 	2.91	%
	 Greenhill Capital, L.P.
	  	19.55	%	 	7,675	  	7.21	%	 	1,608	  	7.31	%	 	7.22	%	 	58,360	  	—  	  	58,360	  	8.60	%	 	5.84	%
	 Total Greenhill
	  	 	 	 	39,252	  	36.86	%	 	8,223	  	37.38	%	 	36.95	%	 	298,471	  	—  	  	298,471	  	43.99	%	 	29.85	%
												
	 Brazos Equity Fund 2000, L.P.
	  	 	 	 	14,720	  	13.82	%	 	3,084	  	14.02	%	 	13.86	%	 	111,926	  	—  	  	111,926	  	16.49	%	 	11.19	%
												
	 21st Century Group Equity Fund, L.P.
	  	93.86	%	 	5,987	  	5.62	%	 	1,254	  	5.70	%	 	5.64	%	 	45,521	  	—  	  	45,521	  	6.71	%	 	4.55	%
	 21st Century Group Coinvestors I, L.P.
	  	6.14	%	 	392	  	0.37	%	 	82	  	0.37	%	 	0.37	%	 	2,980	  	—  	  	2,980	  	0.44	%	 	0.30	%
	 Total 21st Century
	  	 	 	 	6,379	  	5.99	%	 	1,336	  	6.07	%	 	6.00	%	 	48,501	  	—  	  	48,501	  	7.15	%	 	4.85	%
												
	 Norwest Equity Partners VI, LP
	  	33.33	%	 	1,636	  	1.54	%	 	343	  	1.56	%	 	1.54	%	 	12,436	  	—  	  	12,436	  	1.83	%	 	1.24	%
	 Norwest Equity Partners VII, LP
	  	66.67	%	 	3,271	  	3.07	%	 	685	  	3.11	%	 	3.08	%	 	24,872	  	—  	  	24,872	  	3.67	%	 	2.49	%
	 Total Norwest
	  	 	 	 	4,907	  	4.61	%	 	1,028	  	4.67	%	 	4.62	%	 	37,308	  	—  	  	37,308	  	5.50	%	 	3.73	%
												
	 TOTAL PRINCIPAL STOCKHOLDERS
	  	 	 	 	104,510	  	98.13	%	 	21,895	  	99.52	%	 	98.37	%	 	553,240	  	241,436	  	794,676	  	81.53	%	 	79.47	%
												
	 WAND PRINCIPALS
	  	 	 	 	 	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 Bruce W. Schnitzer
	  	 	 	 	840	  	0.79	%	 	59	  	0.27	%	 	0.70	%	 	42,331	  	—  	  	42,331	  	6.24	%	 	4.23	%
	 John S. Struck
	  	 	 	 	360	  	0.34	%	 	25	  	0.11	%	 	0.30	%	 	18,142	  	—  	  	18,142	  	2.67	%	 	1.81	%
	 Patrick McLaughlin
	  	 	 	 	300	  	0.28	%	 	21	  	0.10	%	 	0.25	%	 	15,118	  	—  	  	15,118	  	2.23	%	 	1.51	%
	 TOTAL WAND PRINCIPALS
	  	 	 	 	1,500	  	1.41	%	 	105	  	0.48	%	 	1.25	%	 	75,591	  	—  	  	75,591	  	11.14	%	 	7.56	%
												
	 MANAGEMENT
	  	 	 	 	 	  	 	 	 	 	  	 	 	 	 	 	 	 	  	 	  	 	  	 	 	 	 	 
	 Bruce Milligan
	  	 	 	 	294	  	0.28	%	 	—  	  	0.00	%	 	0.23	%	 	29,838	  	 	  	29,838	  	4.40	%	 	2.98	%
	 Martin Cummings
	  	 	 	 	98	  	0.09	%	 	—  	  	0.00	%	 	0.08	%	 	9,946	  	 	  	9,946	  	1.47	%	 	0.99	%
	 Steve Mudd
	  	 	 	 	98	  	0.09	%	 	—  	  	0.00	%	 	0.08	%	 	9,946	  	 	  	9,946	  	1.47	%	 	0.99	%
	 TOTAL MANAGEMENT
	  	 	 	 	490	  	0.46	%	 	—  	  	0.00	%	 	0.38	%	 	49,730	  	—  	  	49,730	  	7.33	%	 	4.97	%
												
	 TOTAL
	  	 	 	 	106,500	  	100.00	%	 	22,000	  	100.00	%	 	100.00	%	 	678,561	  	241,436	  	919,997	  	100.00	%	 	92.00	%
												
	 OPTION PLAN
	  	 	 	 	—  	  	0.00	%	 	—  	  	0.00	%	 	0.00	%	 	80,000	  	—  	  	80,000	  	 	 	 	8.00	%
												
	 FULLY DILUTED TOTAL
	  	 	 	 	106,500	  	100	%	 	22,000	  	100	%	 	100	%	 	758,561	  	241,436	  	999,997	  	 	 	 	100.00	%REGISTRATION RIGHTS AGREEMENT

 Exhibit 10.3 
  
 EXECUTION COPY 
  

  
 REGISTRATION RIGHTS AGREEMENT

  
 among 
  
 RXTA, INC. 
  
 and 
  
 THE INVESTORS PARTY HERETO 
  

  
 Dated as of May 9, 2003 
  

  

  
 TABLE OF CONTENTS

  

					
	 	  	 	  	Page No.

	 SECTION 1.
	  	 Definitions
	  	1
			
	 SECTION 2.
	  	 Securities Subject to this Agreement
	  	2
			
	 SECTION 3.
	  	 Demand Registration
	  	3
			
	 SECTION 4.
	  	 Piggy-Back Registration
	  	4
			
	 SECTION 5.
	  	 Form S-3 Registration
	  	5
			
	 SECTION 6.
	  	 Holdback Agreements
	  	6
			
	 SECTION 7.
	  	 Registration Procedures
	  	7
			
	 SECTION 8.
	  	 Registration Expenses
	  	10
			
	 SECTION 9.
	  	 Indemnification; Contribution
	  	11
			
	 SECTION 10.
	  	 Rules 144 and 144A
	  	13
			
	 SECTION 11.
	  	 Limitation on Registration Rights of Others
	  	14
			
	 SECTION 12.
	  	 Miscellaneous
	  	14

  

 REGISTRATION RIGHTS AGREEMENT 
  
 THIS REGISTRATION RIGHTS AGREEMENT is dated as of May 9, 2003 (this “Agreement”), by and among RXTA, INC., a
Delaware corporation (the “Company”), and the investors that are or may become party hereto (collectively, the “Investors”). 
  
 Statement of Purpose 
  
 Pursuant to a Securities Purchase Agreement, dated as of May 9, 2003 (the “Securities Purchase Agreement”) among the Company and certain of the
Investors, such Investors agreed to purchase from the Company shares of preferred and common stock of the Company. Such Investors have requested, as a condition precedent to their entering into the Securities Purchase Agreement, that the Company
provide, and the Company has agreed to provide to the Investors certain registration rights with respect to the Registrable Securities (as hereinafter defined) owned by the Investors. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
  
 SECTION 1. Definitions. For the purposes of this Agreement, in addition to the terms defined elsewhere in this Agreement, the following terms have
the meanings set forth below: 
  
 “Approved
Underwriter” shall have the meaning assigned thereto in Section 3(d) hereof. 
  
 “Certificate of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company as amended or restated from time to time. 
  
 “Commission” means the Securities and Exchange Commission or
any similar agency then having jurisdiction to enforce the Securities Act. 
  
 “Common Stock” means (a) the Class A Common Stock, par value $0.01 per share, of the Company, as described in the Certificate of Incorporation and (b) any other capital stock into which such Class A
Common Stock is reclassified or reconstituted. 
  
 “Company Underwriter” shall have the meaning assigned thereto in Section 4 hereof. 
  
 “Demand Registration” means a demand registration requested by the Demanding Holders pursuant to Section 3 hereof. 
  
 “Demanding Holders” means the parties requesting a Demand
Registration pursuant to Section 3(a) hereof. 
  
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  

 “Holders’ Counsel” shall have the meaning assigned thereto in Section 7(a)(i)
hereof. 
  
 “Initial Public Offering” means the
initial public offering of Common Stock pursuant to an effective registration statement under the Securities Act. 
  
 “Inspector” shall have the meaning assigned thereto in Section 7(a)(viii) hereof. 
  
 “NASD” means the National Association of Securities Dealers,
Inc. 
  
 “Person” means any individual, firm,
corporation, partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, limited liability company, government (or an agency or political subdivision thereof) or other entity of any kind, and shall include any
successor (by merger or otherwise) of such entity. 
  
 “Records” shall have the meaning assigned hereto in Section 7(a)(viii) hereof. 
  
 “Registrable Securities” means all shares of Common Stock now or hereafter acquired by any party hereto (including pursuant to Section
12(f)) or its successors or assigns, whether pursuant to conversion or exercise of securities convertible into Common Stock (including the Company’s preferred stock and Class B Common Stock) or options, warrants or other rights to subscribe for
Common Stock or otherwise, and any other common equity securities of the Company issued in exchange for, upon a reclassification of, or in a distribution with respect to, the Common Stock. 
  
 “Registration Expenses” shall have the meaning assigned
thereto in Section 8. 
  
 “Required Investors”
means Investors holding at least a majority of (a) prior to the Initial Public Offering, the outstanding shares of the Company’s Series A Preferred Stock and (b) thereafter, the Registrable Securities. 
  
 “Securities Act” means the Securities Act of 1933, as
amended. 
  
 SECTION 2. Securities Subject to this
Agreement. 
  
 (a) Registrable Securities. For the
purposes of this Agreement, Registrable Securities will cease to be Registrable Securities upon the earlier of (i) a registration statement covering such Registrable Securities having been declared effective under the Securities Act by the
Commission and such Registrable Securities having been disposed of pursuant to such effective registration statement or (ii) the date upon which the entire amount of Registrable Securities proposed to be sold in a single sale are, or in the opinion
of counsel reasonably satisfactory to the Company may be, distributed to the public in such single sale pursuant to Rule 144 (or any successor provision then in force) under the Securities Act. 
  
 (b) Holders of Registrable Securities. A Person is deemed to be a
holder of Registrable Securities whenever such Person owns of record Registrable Securities, or holds an option, warrant or other right to purchase, or a security convertible into, Registrable Securities, whether or not such 

  

 2 

 
acquisition or conversion has actually been effected. If the Company receives conflicting instructions, notices or elections from two or more Persons with
respect to the same Registrable Securities, the Company may act upon the basis of the instructions, notice or election received from the registered owner of such Registrable Securities. Registrable Securities issuable upon exercise of an option,
warrant or other right or upon conversion of another security shall be deemed outstanding for the purposes of this Agreement. 
  
 SECTION 3. Demand Registration. 
  
 (a) Demand Registration. Commencing 180 days after the Initial Public Offering, Investors holding at least 20%, in the aggregate, of the
Registrable Securities then outstanding (determined in accordance with Section 2(b)) may at any time make a written request for registration of not less than 10% of the Registrable Securities then held by all of the holders of Registrable Securities
under the Securities Act, and under the securities or blue sky laws of any jurisdiction reasonably designated by such Investors (collectively, the “Demanding Holders”); provided, that (i) subject to Section 3(c) below, the Company
will not be required to effect more than three registrations at the request of the Investors pursuant to this Section 3(a), (ii) the Company will not be required to effect such registration within the period beginning on the effective date of a
registration statement to be filed by the Company or on its behalf covering a firm commitment underwritten public offering and ending on the expiration of any lock-up period (not to exceed one hundred eighty (180) days following the effective date
of such registration statement) required by the underwriters, (iii) the Company will not be required to effect any such registration if the Company has effected a registration pursuant to this Section 3 within the twelve (12) month period
immediately prior to such registration request and (iv) if the Company shall furnish to such holders a certificate signed by the Chairman of the Board of Directors of the Company stating that in good faith judgment of the Board of Directors it would
be seriously detrimental to the Company or its stockholders for a registration statement to be filed in the near future, then the Company’s obligation pursuant to Section 3(a) hereof to file a registration statement with the Commission relating
to the Registrable Securities as to which such request for a Demand Registration relates shall be deferred for a period not to exceed ninety (90) days from the date of receipt of the written request; provided, however, that the Company
may not utilize this right more than once in any twelve (12) month period. 
  
 (b) Company Obligation to Register. Each request for a Demand Registration pursuant to Section 3(a) shall specify the amount of the Registrable Securities proposed to be sold, the intended method of disposition
thereof and the jurisdictions in which registration is reasonably desired. Subject to the provisions set forth in Section 3(a) hereof, upon the Company’s receipt of the written request for a Demand Registration, the Company shall (i) promptly
and in any event at least 30 days prior to the filing date of the registration statement with respect thereto, give written notice of such request to all other holders of Registrable Securities (who shall, subject to subsection (c) hereof, be
entitled to participate in such registration on the same basis as the Demanding Holders), and (ii) with reasonable promptness and in any event not later than ninety (90) days after the Company’s receipt of such request, file a registration
statement with the Commission relating to such Registrable Securities as to which such request for a Demand Registration relates and use its best efforts to cause all Registrable Securities that such holders have requested to be registered to be

  

 3 

 
registered under the Securities Act. A registration shall not constitute a Demand Registration until it has become effective and remains continuously
effective for a period of not less than 24 months or such shorter period which will terminate when all Registrable Securities covered by such Registration Statement have been sold (but not before the expiration of the ninety (90) day period referred
to in Section 4(3) of the Securities Act and Rule 174 thereunder, if applicable). In any registration initiated as a Demand Registration, the Company shall pay all Registration Expenses in connection therewith, whether or not such Demand
Registration becomes effective. 
  
 (c) Underwriting
Procedures. If the Demanding Holders so elect, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of a firm commitment underwritten offering and the managing underwriter or underwriters selected
for such offering shall be the Approved Underwriter selected in accordance with Section 3(d). In such event, if the Approved Underwriter advises the Company, which advice shall be confirmed in writing, that in its opinion marketing considerations
require a limitation on the number of securities to be sold, the Company shall include in such registration only the number of Registrable Securities which, in the good faith opinion of such Approved Underwriter, can be sold, allocated among the
holders of Registrable Securities, pro rata, based on the number of Registrable Securities requested to be included by each such holder. 
  
 To the extent more than ten percent (10%) of the Registrable Securities held by a Demanding Holder are excluded from the offering to be made pursuant to
the Demand Registration requested by such Demanding Holder, then such Demanding Holder shall have the right to one additional Demand Registration under this Section 3 with respect to such Registrable Securities. 
  
 (d) Selection of Underwriters. In connection with its requesting a
Demand Registration of Registrable Securities pursuant to Section 3(a), the Demanding Holders may select and obtain an investment banking firm of first class national reputation to act as the managing underwriter of the offering (the “Approved
Underwriter”); provided, that the Approved Underwriter shall, in any case, be acceptable to the Company in its reasonable judgment. The Company and, if so requested by the Approved Underwriter, all Investors proposing to offer their
Registrable Securities through the underwritten offer shall enter into an underwriting agreement in customary form with the Approved Underwriter. 
  
 SECTION 4. Piggy-Back Registration. If the Company proposes to file a registration statement under the Securities Act with respect to an offering
by the Company for its own account, or an offering for the account of any stockholder of the Company or any group of such stockholders (other than a registration statement on Form S-4 or S-8 or any successor forms or any other forms not available
for registering capital stock for sale to the public and other than a registration statement filed pursuant to Section 3 hereof), then the Company shall give written notice of such proposed filing to each holder of Registrable Securities at least 30
days before the anticipated filing date, and such notice shall describe in detail the proposed registration and distribution (including whether the offering will be underwritten and those jurisdictions where registration under the securities or blue
sky laws is intended) and offer such holder the opportunity to register the number of Registrable Securities as such holder may request in writing within ten (10) days after receipt of such written notice from the Company. The 

  

 4 

 
Company shall use its best efforts, within twenty (20) days of the notice from the holder provided for in the preceding sentence, to cause the managing
underwriter or underwriters of a proposed underwritten offering (the “Company Underwriter”) to permit the holders of Registrable Securities who have requested to participate in the registration for such offering to include such Registrable
Securities in such offering on the same terms and conditions as the securities of the Company included therein, including execution of an underwriting agreement in customary form. Notwithstanding the foregoing, if the Company Underwriter delivers a
written opinion to the holders of Registrable Securities that marketing considerations require a limitation on the number of securities to be sold, the Company shall include in such registration (except in connection with a Demand Registration,
which priority shall be governed by Section 3) for the account of holders of Registrable Securities only that number of Registrable Securities which, in the good faith opinion of the Company Underwriter, can be sold, allocated pro
rata, based on the number of Registrable Securities requested to be included by each such holder. 
  
 SECTION 5. Form S-3 Registration. 
  
 (a) Requests for Registration on Form S-3. After the Initial Public Offering, the Company shall use its reasonable best efforts to qualify to
register securities on Form S-3 (or any successor to such form). After the Company has qualified for the use of Form S-3, in addition to the rights contained in the foregoing provisions of this Agreement and subject to the limitations set forth in
the next sentence, any holder of at least twenty percent (20%) of the Registrable Securities shall have the right to request the registration of any such Registrable Securities on Form S-3. All such requests shall be in writing and shall state the
number of shares of Registrable Securities to be disposed of and the intended methods of disposition of such shares by such holder or holders; provided, that the Company shall not be required to effect a registration pursuant to this Section
5(a) (i) unless the holders of Registrable Securities requesting registration propose to dispose of shares of Registrable Securities having an aggregate price to the public (before deducting underwriting discounts and expenses of sale) of at least
$2,500,000 and (ii) more than once during any twelve (12) month period. If the Company shall receive from a holder of Registrable Securities a written request that the Company effect a registration on Form S-3 pursuant to this Section 5(a), the
Company shall (x) promptly give written notice of the proposed registration to all other holders of Registrable Securities and (y) use its best efforts to effect as quickly as is reasonably practicable the registration of the Registrable Securities
specified in such request, together with the Registrable Securities of any other holder or holders joining in such request as are specified in a written request given within 20 days after receipt of such written notice from the Company. No
registration effected pursuant to this Section 5 shall be counted as a Demand Registration for purposes of Section 3. Notwithstanding anything in this Section 5(a) to the contrary, the Company shall not be obligated to take any action pursuant to
this Section 5(a) if the Company shall furnish to such holders a certificate signed by the Chairman of the Board of Directors of the Company stating that in the good faith judgement of the Board of Directors it would be seriously detrimental to the
Company or its stockholders for a registration statement to be filed in the near future, in which case the Company’s obligation to use its best efforts to effect as quickly as is reasonably practicable the registration of the Registrable
Securities shall be deferred for a period not to exceed ninety (90) days from the date of receipt of the written request; provided, however, that the Company many not 

  

 5 

 
utilize this right more than once in any twelve (12) month period. No registration requested under this Section 5(a) shall count as a Demand Registration for
purposes of Section 3(a) or otherwise. 
  
 (b) Underwriting
Procedures. If the holder of Registrable Securities requesting registration on Form S-3 so elects, the offering of such Registrable Securities pursuant to a registration effected pursuant to Section 5(a) shall be in the form of a firm commitment
underwritten offering and the managing underwriter or underwriters selected for such offering shall be an Approved Underwriter selected by such holder in the same manner as described in Section 3(d). In such event, if the Approved Underwriter
advises the Company, which advice shall be confirmed in writing, that in its opinion marketing considerations require a limitation on the number of securities to be sold, then the Company shall include in such registration only the number of
Registrable Securities which, in the good faith opinion of such Approved Underwriter, can be sold, allocated pro rata, based on the number of Registrable Securities requested to be included by each such holder. 
  
 SECTION 6. Holdback Agreements. 
  
 (a) Restrictions on Public Sale by Holders. In order to participate in
a registration effected hereby, to the extent not inconsistent with applicable law, each holder of Registrable Securities agrees not to effect any public sale or distribution of any Registrable Securities being registered or of any securities
convertible into or exchangeable or exercisable for such Registrable Securities, including a sale pursuant to Rule 144 under the Securities Act, during the period beginning on the filing date of such registration statement and ending on the later of
(i) ninety (90) days after the effective date of such registration statement or the commencement of a public distribution of the Registrable Securities pursuant to such registration statement or (ii) the expiration of any lock-up period required by
the underwriters. 
  
 (b) Restrictions on Public Sale by the
Company. The Company agrees not to effect any public sale or distribution of any of its securities, or any securities convertible into or exchangeable or exercisable for such securities (except pursuant to registrations on Form S-4 or S-8 or any
successor to such forms or any other forms not available for registering capital stock for sale to the public) during the period beginning on the filing date of any registration statement in which the holders of Registrable Securities are
participating and ending on the later of (i) ninety (90) days after the effective date of any such registration statement and (ii) the expiration of any lock-up period required by the underwriters. 
  

 6 

 SECTION 7. Registration Procedures. 
  
 (a) Obligations of the Company. Whenever registration of Registrable Securities has been requested pursuant to
Sections 3, 4 or 5 of this Agreement, the Company shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of distribution thereof as quickly as practicable, and in
connection with any such request, the Company shall, as expeditiously as possible: 
  
 (i) prepare and file with the Commission (as promptly as practicable, but in any event not later than ninety (90) days after receipt of a
request to file a registration statement with respect to Registrable Securities) a registration statement on any form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for
the sale of such Registrable Securities in accordance with the intended method of distribution thereof, and use its best efforts to cause such registration statement to become effective; provided, that before filing a registration statement
or prospectus or any amendments or supplements thereto, the Company shall (A) provide counsel selected by the holders of a majority of the Registrable Securities being registered in such registration (“Holders’ Counsel”) with an
adequate and appropriate opportunity to participate in the preparation of such registration statement and each prospectus included therein (and each amendment or supplement thereto) to be filed with the Commission, which documents shall be subject
to the review of Holders’ Counsel, and (B) notify the Holders’ Counsel and each seller of Registrable Securities of any stop order issued or threatened by the Commission and take all reasonable action required to prevent the entry of such
stop order or to remove it if entered; 
  
 (ii)
prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for a period of not less than 24
months or such shorter period which will terminate when all Registrable Securities covered by such registration statement have been sold (but not before the expiration of the ninety (90) day period referred to in Section 4(3) of the Securities Act
and Rule 174 thereunder, if applicable), and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended methods of
disposition by the sellers thereof set forth in such registration statement; 
  
 (iii) as soon as reasonably possible, furnish to each seller of Registrable Securities, prior to filing a registration statement, copies of such registration statement as it is proposed to be filed, and thereafter
such number of copies of such registration statement, each amendment and supplement thereto (in each case including all exhibits thereto), the prospectus included in such registration statement (including each preliminary prospectus) and such other
documents as each such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller; 
  
 (iv) use its best efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of such
jurisdictions as any seller of Registrable Securities reasonably requests, and to continue such qualification in effect in such jurisdictions for as long as is permissible pursuant to the laws of such jurisdictions, or for as long as any such seller
requests or until all of such Registrable Securities are sold, whichever is shortest, and do any and all other acts and things which may be reasonably necessary or advisable to enable any such seller to consummate the disposition in such
jurisdictions of the Registrable Securities owned by such seller; provided, that the Company shall not be obligated to effect, or take any action to effect, any such registration or qualification in any particular jurisdiction in which the
Company would be required to qualify as a foreign corporation, subject itself to taxation in that jurisdiction or execute a general consent to service of process in effecting such registration or qualification unless the Company is 

  

 7 

 
already subject to taxation or service in such jurisdiction and except as may be required by the Securities Act or applicable rules or regulations
thereunder; 
  
 (v) use its best efforts to cause
the Registrable Securities covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable the seller
or sellers of Registrable Securities to consummate the disposition of such Registrable Securities; 
  
 (vi) notify each seller of Registrable Securities at any time when a prospectus relating thereto is required to be delivered under the
Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such registration statement contains an untrue statement of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they were made, and the Company shall promptly prepare a supplement or amendment to such prospectus and furnish to each seller a
reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, after delivery to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances under which they were made; 
  
 (vii) enter into and perform customary agreements (including an underwriting agreement in customary form
with the Approved Underwriter or Company Underwriter, if any, selected as provided in Sections 3, 4 or 5) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities;

  
 (viii) make available for inspection by any
seller of Registrable Securities, any managing underwriter participating in any disposition pursuant to such registration statement, Holders’ Counsel and any attorney, accountant or other agent retained by any such seller or any managing
underwriter (each, an “Inspector” and collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries (collectively, the “Records”) as
shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the Company’s and its subsidiaries’ officers, directors and employees, and the independent public accountants of the Company, to supply
all information reasonably requested by any such Inspector in connection with such registration statement. Records that the Company determines, in good faith, to be confidential and which it notifies the Inspectors are confidential shall not be
disclosed by the Inspectors unless (A) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in the registration statement or to confirm that no such misstatement or omission has been made, (B) the release of
such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction or (C) the information in such Records has been made generally available to the public or is required to be filed with, or made available as
supplemental information to, the Commission. Each seller of Registrable Securities agrees that it shall, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give notice to the Company and allow the Company,
at the Company’s expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential; 
  

 8 

 (ix) if such sale is pursuant to an underwritten offering, obtain a “cold
comfort” letter from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by “cold comfort” letters and as Holders’ Counsel or the managing underwriters
reasonably request; 
  
 (x) furnish, at the
request of any seller of Registrable Securities on the date such securities are delivered to the underwriters for sale pursuant to such registration or, if such securities are not being sold through underwriters, on the date the registration
statement with respect to such securities becomes effective, an opinion, dated such date, of counsel representing the Company for the purposes of such registration, addressed to the underwriters, if any, and to the seller making such request,
covering such legal matters with respect to the registration in respect of which such opinion is being given as such seller or underwriters may reasonably request and are customarily included in such opinions; 
  
 (xi) otherwise use its best efforts to comply with all
applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable but no later than 15 months after the effective date of the registration statement, an earnings statement covering a
period of 12 months beginning after the effective date of the registration statement, in a manner which satisfies the provisions of Section 11(a) of the Securities Act; 
  
 (xii) cause all such Registrable Securities to be listed on each securities exchange on which similar
securities issued by the Company are then listed; provided, that the applicable listing requirements are satisfied; 
  
 (xiii) keep each seller of Registrable Securities reasonably advised in writing as to the initiation and progress of any registration
under Sections 3, 4 or 5 hereunder; 
  
 (xiv)
provide officers’ certificates and other customary closing documents; 
  
 (xv) cooperate with each seller of Registrable Securities and each underwriter participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be
made with the NASD; and 
  
 (xvi) use its best
efforts to take all other steps necessary to effect the registration of the Registrable Securities contemplated hereby and cooperate with the holders of such Registrable Securities to facilitate the disposition of such Registrable Securities
pursuant thereto. 
  
 (b) Seller Information. Each seller
of Registrable Securities as to which any registration is being effected shall furnish to the Company such information regarding such seller, the Registrable Securities held by them and the distribution of such securities as the Company may
reasonably request and as shall be required under the Securities Act upon the Company’s written request therefor. 
  

 9 

 (c) Notice to Discontinue. Each holder of Registrable Securities agrees that, upon receipt of any
notice from the Company of the happening of any event of the kind described in Section 7(a)(vi), such holder shall forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable
Securities until such holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 7(a)(vi) and, if so directed by the Company, such holder shall deliver to the Company (at the Company’s expense) all
copies, other than permanent file copies then in such holder’s possession, of the prospectus covering such Registrable Securities which is current at the time of receipt of such notice. If the Company shall give any such notice, the Company
shall extend the period during which such registration statement shall be maintained effective pursuant to this Agreement (including without limitation the period referred to in Section 7(a)(ii)) by the number of days during the period from and
including the date of the giving of such notice pursuant to Section 7(a)(vi) to and including the date when the holder shall have received the copies of the supplemented or amended prospectus contemplated by and meeting the requirements of Section
7(a)(vi). 
  
 SECTION 8. Registration Expenses. 

 
 (a) The Company shall pay all expenses (other than underwriting discounts,
commissions and stock transfer taxes) arising from or incident to the performance of, or compliance with, Sections 3, 4 and 5 of this Agreement, including without limitation, (i) Commission, stock exchange and NASD registration and filing fees, (ii)
all fees and expenses incurred in complying with securities or blue sky laws (including reasonable fees, charges and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), (iii) all printing, engraving,
messenger and delivery expenses and (iv) the fees, charges and disbursements of counsel to the Company and of its independent public accountants and any other accounting and legal fees, charges and expenses incurred by the Company (including without
limitation any fees and expenses in connection with any “cold comfort” letters and any special audits incident to or required by any registration or qualification) regardless of whether such registration statement is declared effective
(collectively, “Registration Expenses”). 
  
 (b) The
Company will, in any event, pay its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit, the fees and expenses incurred in
connection with the listing of the securities to be registered on each securities exchange on which securities of the same class are then listed or the qualification for trading of the securities to be registered in each inter-dealer quotation
system in which securities of the same class are then traded, and rating agency fees. 
  
 (c) In connection with each registration requested pursuant to Section 3 of this Agreement, the Company will reimburse the Investors for the reasonable fees and disbursements of one set of counsel to the Investors.

  
 (d) Notwithstanding any provision of this Section 8 to the
contrary, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 3 of this Agreement if the registration request is subsequently withdrawn at the request of the holders 

  

 10 

 
of a majority of the Registrable Securities to be registered therein (in which case all participating holders shall bear such expenses pro rata based on the
number of Registrable Securities requested to have been included therein), unless the holders of a majority of the Registrable Securities agree to forfeit their right to one demand registration pursuant to Section 3; provided, however,
that if at the time of the withdrawal any of the holders have learned of a material adverse change in the condition, business or prospects of the Company which did not exist at the time of their request, then the holders shall not be required to pay
any of such expenses and shall retain their rights pursuant to Section 3. 
  
 SECTION 9. Indemnification; Contribution. 
  
 (a) Indemnification by the Company. The Company agrees to indemnify, to the full extent permitted by law, each holder of Registrable Securities, its officers, directors, partners, employees and agents and each
Person who controls (within the meaning of the Securities Act or the Exchange Act) such holder from and against any and all losses, claims, damages, liabilities and expenses (including reasonable costs of investigation and, subject to Section 9(c)
hereof, reasonable fees, disbursements and other charges of legal counsel) arising out of or based upon any untrue, or allegedly untrue, statement of a material fact contained in any registration statement, prospectus or preliminary prospectus (as
amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or arising out of or based upon any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make
the statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in writing to the Company by such holder expressly for use therein. The Company shall also indemnify any underwriters of the
Registrable Securities, their officers, directors and employees and each Person who controls such underwriters (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with respect to the indemnification
of the holders of Registrable Securities. 
  
 (b)
Indemnification by Holders. Each holder agrees to indemnify, to the extent permitted by law, the Company and any underwriter retained by the Company and their respective directors, officers, employees and each Person who controls the Company
or such underwriter (within the meaning of the Securities Act and the Exchange Act) to the same extent as the foregoing indemnity from the Company to the holders, but only with respect to any information furnished in writing by such holder to the
Company expressly for use in such registration statement. Notwithstanding the provisions of this Section 9(b), a holder of Registrable Securities shall not be required to pay any indemnification in an amount in excess of the net proceeds received by
such holder in the offering to which such registration statement relates. 
  
 (c) Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder (the “Indemnified Party”) agrees to give prompt written notice to any party with indemnification
obligations hereunder (the “Indemnifying Party”) after the receipt by the Indemnified Party of any written notice of the commencement of any action, suit, proceeding or investigation or threat thereof made in writing for which the
Indemnified Party intends to claim indemnification or contribution pursuant to this Agreement; provided, that the failure so to notify the Indemnifying Party shall not relieve the Indemnifying Party of any liability that it may have to

  

 11 

 
the Indemnified Party hereunder, unless (and then solely to the extent that) the Indemnifying Party is materially prejudiced thereby. If notice of
commencement of any such action is given to the Indemnifying Party as above provided, the Indemnifying Party shall be entitled to participate in and, to the extent it may wish, jointly with any other Indemnifying Party similarly notified, to assume
the defense of such action at its own expense, with counsel chosen by it and satisfactory to such Indemnified Party in its reasonable judgment. The Indemnified Party shall have the right to employ separate legal counsel in any such action and
participate in the defense thereof, but the fees, disbursements and other charges of such legal counsel shall be paid by the Indemnified Party unless (i) the Indemnifying Party agrees to pay the same, (ii) the Indemnifying Party fails to assume the
defense of such action with legal counsel satisfactory to the Indemnified Party in its reasonable judgment or (iii) the named parties to any such action (including any impleaded parties) have been advised by such legal counsel that either (A)
representation of such Indemnified Party and the Indemnifying Party by the same legal counsel would be inappropriate under applicable standards of professional conduct or (B) there may be one or more legal defenses available to it which are
different from or additional to those available to the Indemnifying Party. In either of such cases the Indemnifying Party shall not have the right to assume the defense of such action on behalf of such Indemnified Party. No Indemnifying Party shall
be liable for any settlement entered into without its written consent, which consent shall not be unreasonably withheld. 
  
 (d) Contribution. If the indemnification provided for in this Section 9 from the Indemnifying Party is unavailable to an Indemnified Party
hereunder in respect of any losses, claims, damages, liabilities or expenses referred to therein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party
as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions which resulted in such losses,
claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative faults of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be
deemed to include, subject to the limitations set forth in Sections 9(a), 9(b) and 9(c), any fees, charges or expenses (including fees, disbursements and other charges of legal counsel) reasonably incurred by such party in connection with any
investigation or proceeding. 
  
 The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 9(d) were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. Notwithstanding the provisions of this Section 9(d), a holder of Registrable Securities shall not be required to contribute any amount in excess of the amount by which the net proceeds received by such holder in the
offering to which such registration statement relates exceeds the amount of any damages that such holder has otherwise been required to pay. No person guilty of 

  

 12 

 
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person. 
  
 (e) Survival. The indemnity and contribution covenants contained in
this Section 9 shall remain operative and in full force and effect regardless of (i) any investigation made by or on behalf of a holder or any person controlling a holder, (ii) any sale of any Registrable Securities pursuant to this Agreement and
receipt by the holders of the proceeds thereof, or (iii) any termination of this Agreement for any reason, including after the initial filing of the registration statement to which these indemnity and contribution covenants relate. 
  
 SECTION 10. Rules 144 and 144A. The Company covenants that it shall
use its best efforts to duly and timely file any reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the Commission thereunder and that it shall take such further action as each
holder of Registrable Securities may reasonably request (including providing any information necessary to comply with Rules 144 and 144A under the Securities Act), all to the extent required from time to time to enable such holder to sell
Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 or Rule 144A under the Securities Act, as such rules may be amended from time to time, or any similar rules or
regulations hereafter adopted by the Commission. The Company shall, upon the request of any holder of Registrable Securities, deliver to such holder a written statement as to whether it has complied with such requirements. Without limiting the
foregoing, the Company agrees that it will use its best efforts to: 
  
 (a) if required by law, maintain a registration statement (containing such information and documents as the Commission shall specify) with respect to the Common Stock under Section 12 of the Exchange Act and will timely file such
information, documents and reports as the Commission may require or prescribe for companies whose stock has been registered pursuant to said Section 12; 
  
 (b) if a registration statement with respect to the Common Stock under Section 12 is effective, or if required by Section 15(d) of the Exchange Act, make
whatever filings with the Commission or otherwise make generally available to the public such financial and other information as may be necessary to enable the holders of Registrable Securities to be permitted to sell shares of Common Stock pursuant
to the provisions of Rule 144 or 144A promulgated under the Securities Act (or any successor rule or regulation thereto); and 
  
 (c) at any time when any holder of Registrable Securities desires to make sales of any Registrable Securities in reliance on Rule 144A under the
Securities Act (or any successor rule or regulation), provide, upon request, such holder and any prospective purchaser therefrom with the information required by Rule 144A and otherwise cooperate with the holder in connection with such sale.

  
 The Company represents and warrants that any registration
statement or any information document or report filed with the Commission in connection with the foregoing or any information so made public shall not contain any untrue statement of a material fact or omit to state a material 

  

 13 

 
fact required to be stated therein or necessary in order to make the statements contained therein not misleading. The Company agrees to indemnify and hold
harmless (or to the extent the same is not enforceable, make contribution to) the seller of Registrable Securities, its partners, officers, directors, employees and agents and each broker, dealer or underwriter (within the meaning of the Securities
Act) acting for any such seller in connection with any offering or sale by such seller of Registrable Securities or any person, firm or corporation controlling (within the meaning of either Section 15 of the Securities Act or Section 20 of the
Exchange Act) such seller and any such broker, dealer or underwriter from and against any and all losses, claims, damages, liabilities or expenses (or actions in respect thereof) arising out of or resulting from any breach of the foregoing
representation or warranty, all on terms and conditions comparable to those set forth in Section 9 of this Agreement. 
  
 SECTION 11. Limitation on Registration Rights of Others. The Company represents and warrants that it has not granted to any Person the right to
request or require the Company to register any securities issued by the Company. The Company covenants and agrees that, so long as any Person holds any Registrable Securities in respect of which any registration rights provided for in Section 3 of
this Agreement remain in effect, the Company will not, directly or indirectly, grant to any Person or agree to or otherwise become obligated in respect of rights of registration in the nature or substantially in the nature of those set forth herein
except pursuant to this Agreement. 
  
 SECTION 12.
Miscellaneous. 
  
 (a) Recapitalizations, Exchanges,
Etc. The provisions of this Agreement shall apply, to the full extent set forth herein with respect to the Common Stock, to any and all shares of capital stock of the Company or any successor or assign of the Company (whether by merger,
consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for or in substitution of, the Common Stock and shall be appropriately adjusted for any stock dividends, splits, reverse splits, combinations,
recapitalizations and the like occurring after the date hereof. 
  
 (b) No Inconsistent Agreements. The Company shall not enter into any agreement with respect to its securities that is inconsistent with the rights granted to the designated holders of the Registrable Securities in this Agreement.

  
 (c) Remedies. The holders of the Registrable
Securities, in addition to being entitled to exercise all rights granted by law, including recovery of damages, shall be entitled to specific performance of their rights under this Agreement. The Company agrees that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive in any action for specific performance the defense that a remedy at law would be adequate. 
  
 (d) Amendments and Waivers. Except as otherwise provided herein, the
provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless in writing signed by the Company and the Required Investors; provided, that no
amendment, modification or waiver of any provision 

  

 14 

 
of this Agreement that adversely affects the rights of one Investor in a manner different from any other Investor shall be effective against such adversely
affected Investor unless approved in writing by that Investor. Any amendment or waiver effected in accordance with this Section 12(d) shall be binding upon each then-current and future holder of Registrable Securities and the Company. 
  
 (e) Notices. All notices, demands and other communications provided
for or permitted hereunder shall be made in writing and shall be by registered or certified first-class mail, return receipt requested, telecopy, recognized overnight courier service or personal delivery: 
  

	 	(i)	if to the Company: 

  

	 	  	RTXA, INC. 

	 	  	c/o Wand Partners, Inc. 

	 	  	630 Fifth Avenue 

	 	  	Suite 2435 

	 	  	New York, NY 10111 

	 	  	Attention:     Bruce W. Schnitzer 

	 	  	Telephone:   (212) 632-3795 

	 	  	Telecopy:     (212) 307-5599 

  

	 	(ii)	if to any Investor, to such Investor’s respective address as listed on Schedule A hereto. 

  
 All such notices and communications shall be deemed to have been duly given: when delivered by hand, if personally
delivered; when delivered by courier, if delivered by commercial overnight courier service; five business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is acknowledged, if telecopied. 
  
 (f) Additional Parties. Upon the prior written consent of the Required
Investors and subject to the approval of the Board of Directors of the Company, any Person hereafter becoming a stockholder of the Company (whether pursuant to the exercise of stock options or otherwise) may execute a supplement to this Agreement in
the form attached hereto as Exhibit A for the purposes of making such Person a party hereto and subject to all of the terms and conditions hereof. 
  
 (g) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties and
the registration rights and the other obligations of the Company contained in this Agreement shall with respect to any Registrable Security be automatically transferred to any subsequent holder of Registrable Securities (excluding any person who
acquires such securities in a transaction with respect to which a registration statement under the Securities Act is effective at the time or pursuant to a sale complying with Rule 144 under the Securities Act). Notwithstanding any transfer of such
rights, all of the obligations of the Company hereunder shall survive any such transfer and shall continue to inure to the benefit of all transferees. 
  

 15 

 (h) 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. 
  
 (i) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof. 
  
 (j) Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to the principles of conflicts of law of such state. 
  
 (k) Severability. If any one or more of the provisions contained herein, or the application thereof in any
circumstances, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired,
it being intended that all of the rights and privileges of the holders of Registrable Securities shall be enforceable to the fullest extent permitted by law. 
  
 (l) Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein. This
Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 
  
 [SIGNATURE PAGES TO FOLLOW] 
  

 16 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed and delivered as of the day
and year first above written. 
  

					
	COMPANY:
	
	 RTXA, INC.

		
	By:	 	/s/    BRUCE W.
SCHNITZER        
	 	 	 Name:
	 	Bruce W. Schnitzer
	 	 	 Title:
	 	Chairman

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

					
	INVESTORS:
	
	BANCAMERICA CAPITAL INVESTORS SBIC I, L.P.
		
	By:	 	 BancAmerica Capital Management SBIC I, LLC, Its general partner

		
	By:	 	 BancAmerica Capital Management I, L.P., Its sole member

		
	By:	 	 BACM I GP, LLC, Its general partner

		
	By:	 	/s/    ROBERT H.
SHERIDAN        
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

					
	GREENHILL CAPITAL PARTNERS, L.P.
		
	By:	 	 GCP, LLC, its General Partner

		
	By:	 	/s/    SCOTT L.
BOK        
	 	 	 Name:
	 	Scott L. Bok
	 	 	 Title:
	 	Managing Member
	
	GREENHILL CAPITAL PARTNERS (CAYMAN), L.P.
		
	By:	 	 GCP, LLC, its General Partner

		
	By:	 	/s/    SCOTT L.
BOK        
	 	 	 Name:
	 	Scott L. Bok
	 	 	 Title:
	 	Managing Member
	
	GREENHILL CAPITAL PARTNERS (EXECUTIVE), L.P.
		
	By:	 	 GCP, LLC, its General Partner

		
	By:	 	/s/    SCOTT L.
BOK        
	 	 	 Name:
	 	Scott L. Bok
	 	 	 Title:
	 	Managing Member
	
	GREENHILL CAPITAL, L.P.
		
	By:	 	 GCP, LLC, its General Partner

		
	By:	 	/s/    SCOTT L.
BOK        
	 	 	 Name:
	 	Scott L. Bok
	 	 	 Title:
	 	Managing Member

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

					
	BRAZOS EQUITY FUND 2000, L.P.
		
	By:	 	 Brazos Investment Partners, LLC, Its general partner

		
	By:	 	/s/    PATRICK K.
MCGEE        
	 	 	 Name:
	 	Patrick K. McGee
	 	 	 Title:
	 	Authorized Officer

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

					
	NORWEST EQUITY PARTNERS VI, LP
		
	By:	 	 ITASCA LBO Partners VI, LLP, Its general partner

		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 	 	 Name:
	 	Timothy C. DeVries
	 	 	 Title:
	 	Partner
	
	NORWEST EQUITY PARTNERS VII, LP
		
	By:	 	 ITASCA LBO Partners VII, LLP, Its general partner

		
	By:	 	/s/    TIMOTHY C.
DEVRIES        
	 	 	 Name:
	 	Timothy C. DeVries
	 	 	 Title:
	 	Partner

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

					
	21ST CENTURY GROUP EQUITY FUND,
L.P.
		
	By:	 	 21st Century GP, L.L.C., Its general partner

		
	By:	 	/s/    JOHN
WARE        
	 	 	 Name:
	 	John Ware
	 	 	 Title:
	 	President
	
	21ST CENTURY GROUP COINVESTORS I,
L.P.
		
	By:	 	 21st Century GP, L.L.C., Its general partner

		
	By:	 	/s/    JOHN
WARE        
	 	 	 Name:
	 	John Ware
	 	 	 Title:
	 	President

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

	
	
	/s/    BRUCE W.
SCHNITZER        
	Bruce W. Schnitzer
	
	/s/    JOHN S. STRUCK        
	John S. Struck
	
	/s/    PATRICK
MCLAUGHLIN        
	Patrick McLaughlin

  

 [Registration Rights Agreement] 

 [Signature Pages Continue] 
  

	
	
	/s/    BRUCE R. MILLIGAN        
	Bruce R. Milligan
	
	/s/    MARTIN B.
CUMMINGS        
	Martin B. Cummings
	
	/s/    STEPHEN W. MUDD        
	Stephen W. Mudd

  

 [Registration Rights Agreement] 

  
 Schedule A 

 
 Investors 
  
 Banc Of America Capital Investors SBIC I, L.P. 
 Bank of America Corporate Center 
 100 North Tryon St., 25th Floor 
 Charlotte, North Carolina
28255-0001 
 Attn: Robert H. Sheridan III 
 Fax: (704) 386-6432

  
 Greenhill Capital Partners, L.P. 
 Greenhill Capital Partners (Cayman), L.P. 
 Greenhill Capital
Partners (Executive), L.P. 
 Greenhill Capital, L.P. 
 300 Park Ave., 23rd Floor 
 New York, NY 10022 
 Attn: Timothy M. Dwyer 
 Fax: (212) 389-1726 
  
 Brazos Equity Fund
2000, L.P. 
 300 Crescent Court 
 Suite 1740 
 Dallas, TX 75201 
 Attn: Patrick K. McGee 
 Fax: (214) 756-6505 
  
 Norwest Equity Partners VI, LP 
 Norwest Equity Partners VII, LP 
 c/o Norwest Venture Capital Management, Inc. 
 3600 IDS Center 
 Minneapolis, MN55402 
 Attn: Timothy C. DeVries and Stephen B. Soderling

 Fax: (612) 215-1601 
  
 21st Century Group Equity Fund, L.P.

 21st Century
Group Coinvestors I, L.P. 
 200 Crescent Court 
 Suite
1600 
 Dallas, TX 75201 
 Office: (214) 965-7973 
 Attn: John L. Ware 
 Fax: (214) 965-7993 
  

 Bruce W. Schnitzer 
 John S. Struck 
 Patrick McLaughlin 
 c/o
Wand Partners, Inc. 
 630 Fifth Ave, Suite 2435 
 New York, NY
10111 
 Attn: Bruce Schnitzer 
 Fax: (212) 307-5599 

 
 Bruce R. Milligan 
 Martin B. Cummings 
 Stephen W. Mudd 
 c/o Wand Partners, Inc. 
 630 Fifth Ave, Suite 2435 
 New York, NY 10111 
 Attn: Bruce Schnitzer 
 Fax: (212) 307-5599 
  

 [Registration Rights Agreement] 

  
 Exhibit A 

 
 Form of Supplement 
  
 THIS SUPPLEMENT TO REGISTRATION RIGHTS AGREEMENT (this
“Supplement”) is dated as of             ,                  between RXTA, INC., a
Delaware corporation (the “Company”), and
                                        
(“New Investor”). 
  
 Statement of Purpose

  
 The Company has entered into a Registration Rights
Agreement dated as of May [    ], 2003 among the Company and the Investors party thereto, a copy of which agreement is attached hereto as Exhibit A (as amended, the “Registration Rights Agreement”). Pursuant to
Section 12(f) of the Registration Rights Agreement, the Company and the New Investor have agreed to execute this Supplement for the purposes of making the New Investor a party to the Registration Rights Agreement. The New Investor has agreed to
execute this Supplement in consideration of the issuance of his, her or its Registrable Securities and the benefits afforded the New Investor by the Registration Rights Agreement. 
  
 NOW, THEREFORE, the Company and the New Investor agree as follows: 
  
 1. Defined Terms. All capitalized undefined terms used in this
Supplement have the meanings assigned thereto in the Registration Rights Agreement. 
  
 2. Joinder of New Investor. The New Investor hereby joins in and agrees to become a party to the Registration Rights Agreement with all right, title and interest as a holder of Registrable Securities thereunder
and subject to all of the terms and conditions thereof as if the New Investor were an original party and signatory thereto. The New Investor’s notice address for purposes of Section 12(e) of the Registration Rights Agreement is: 
  

					
	 	  	 	  	 
	 	  	 	  	 

  

 IN WITNESS WHEREOF, the Company and the New Investor have executed this Supplement, this
         day of                 ,             .

  

					
	RXTA, INC.
		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 
	
	NEW INVESTOR:
	
	 
		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:

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