Document:

ex4-2.htm

    
      

    

    Exhibit
4.2

     

    
      AMENDMENT
NO. 1 TO

      MASTER
NOTE PURCHASE AGREEMENT

       

      This AMENDMENT NO. 1 TO MASTER NOTE
PURCHASE AGREEMENT, dated as of July 21, 2009 (this “Amendment”), is by
and among (a) Waste Connections, Inc., a Delaware corporation (the “Company”), each
Subsidiary of the Company from time to time party to the Purchase Agreement
referred to below (the “Subsidiaries,” and
the Company and the Subsidiaries are each referred to herein as an “Obligor” and,
collectively, the “Obligors”), and (b)
each of the purchasers from time to time party to the Purchase Agreement
referred to below (each a “Purchaser” and,
collectively, the “Purchasers”).  Capitalized
terms used herein without definition shall have the meanings assigned to such
terms in the Purchase Agreement referred to below.

       

      WHEREAS, the Obligors and the
Purchasers are parties to that certain Master Note Purchase Agreement, dated as
of July 15, 2008 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Purchase
Agreement”);

       

      WHEREAS, pursuant to that
certain Stock Purchase Agreement by and among the Company, on the one hand, and
Sanipac, Inc., an Oregon corporation (“Sanipac”), and The
Estate of Randall C. Papé, Gary Papé, Terrance Papé and Dian Papé Tooke, on the
other hand, the Company expects to acquire all of the outstanding stock of
Sanipac (the “Sanipac
Agreement”);

       

      WHEREAS, Sanipac owns
approximately seventy-five percent (75%) of EcoSort, L.L.C., an Oregon limited
liability company (“EcoSort”);
and

       

      WHEREAS, the Obligors and the
Required Holders pursuant to Section 17.1(a) of the Purchase Agreement desire to
amend the definition of “Excluded Subsidiaries” in the Purchase Agreement by
amending Schedule 5.4 of the Purchase Agreement to add EcoSort as an additional
Excluded Subsidiary effective as of the closing of the transactions in the
Sanipac Agreement;

       

      NOW THEREFORE, in
consideration of the mutual agreements contained in the Purchase Agreement and
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

       

      §1. Amendment
to Schedule 5.4 of the Purchase Agreement.  Schedule 5.4 of the
Purchase Agreement is hereby amended by deleting it in its entirety and
substituting the attached Schedule 5.4 therefor.

       

      §2. Representations
and Warranties.  Each Obligor
hereby represents and warrants to the Purchasers as follows:

       

      (a) The execution and delivery by such
Obligor of this Amendment and the performance by such Obligor of its obligations
and agreements under this Amendment and the Purchaser Agreement as amended
hereby are within the corporate authority of such Obligor, have been duly
authorized by all necessary corporate proceedings on behalf of such Obligor, and
do not and will not contravene any provision of law, statute, rule or regulation
to which such Obligor is subject or such Obligor’s constitutive documents or of
any agreement or other instrument binding upon such Obligor.

       

      (b) Each of this Amendment and the Purchase
Agreement as amended hereby constitutes the legal, valid and binding obligation
of such Obligor, enforceable in accordance with its respective terms, except as
limited by bankruptcy, insolvency, reorganization, moratorium or other laws
relating to or affecting generally the enforcement of creditors’
rights.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (c) No approval or consent of, or filing
with, any governmental agency or authority is required to make valid and legally
binding the execution, delivery or performance by such Obligor of this Amendment
or the Purchase Agreement as amended hereby.

       

      (d) Such Obligor has performed and complied
in all material respects with all terms and conditions herein and in the
Purchase Agreement required to be performed or complied with by such Obligor
prior to or at the time hereof, and as of the date hereof, after giving effect
to the provisions hereof, there exists no Default or Event of
Default.

       

      (e) The consolidated total assets of the
Excluded Subsidiaries, after giving effect to this Amendment, will not be
greater than 15% of the consolidated total assets of the Company and its
Subsidiaries determined on a consolidated basis in accordance with
GAAP.

       

      §3. Conditions
Precedent.  This Amendment
shall become effective as of the date on which all of the following shall have
occurred (and shall not be effective until the date on which all of the
following shall have occurred):

       

      (a) The Obligors and the Required Holders
shall have duly executed and delivered a copy of this Amendment;
and

       

      (a)        
The
acquisition of Sanipac by the Company pursuant to the Sanipac Agreement shall
have closed in accordance with such agreement.

       

      §4. Miscellaneous
Provisions.

       

      (a) Except as otherwise expressly provided
by this Amendment, all of the terms, conditions and provisions of the Purchase
Agreement and the Series 2008A Notes shall remain unchanged and in full force
and effect.  It is declared and agreed by each of the parties hereto
that the Purchase Agreement and the Series 2008A Notes, as amended hereby, shall
continue in full force and effect, and that this Amendment and the Purchase
Agreement shall be read and construed as a single instrument.

       

      (b) The amendments set forth herein are
effective solely for the purposes set forth herein and shall be limited
precisely as written.  Except as expressly provided herein, this
Amendment shall not be deemed to (i) be a consent to any amendment, waiver or
modification of any other term or condition of the Purchase Agreement or any
Series 2008A Note, or (ii) operate as a waiver or otherwise prejudice any right,
power or remedy that the Purchasers may now have or may have in the future under
or in connection with the Purchase Agreement or the Series 2008A Notes, except
as specifically set forth herein.

       

      (c) This Amendment may be executed in any
number of counterparts, but all such counterparts shall together constitute but
one instrument.  In making proof of this Amendment, it shall not be
necessary to produce or account for more than one counterpart signed by each
party hereto by and against which enforcement hereof is sought.

       

      §5. Governing
Law.  This Amendment shall be construed and enforced in
accordance with, and the rights of the parties shall be governed by, the law of
the State of New York, excluding choice-of-law principles of the law of such
State that would permit the application of the laws of a jurisdiction other than
such State.

       

      [Reminder
of page intentionally left blank]

      
        
          
          

        

        
          -2-

          
            

          

        

        
          
          

        

      

       

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

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	
                                        THE OBLIGORS:

                                      	 
      
	 	 	 
	 
      	
                                        WASTE
      CONNECTIONS, INC.

                                      	 
      
	 
      	
                                        ADVANCED
      SYSTEMS PORTABLE RESTROOMS, INC.

                                      
	 
      	
                                        AMERICAN
      DISPOSAL COMPANY, INC.

                                      	 
      
	 
      	
                                        AMERICAN
      SANITARY SERVICE, INC.

                                      	 
      
	 
      	
                                        AMERICAN
      WEST LEASING, INC.

                                      	 
      
	 
      	
                                        ANDERSON
      COUNTY LANDFILL, INC.

                                      	 
      
	 
      	
                                        ANSON
      COUNTY LANDFILL, INC.

                                      	 
      
	 
      	
                                        BITUMINOUS
      RESOURCES, INC.

                                      	 
      
	 
      	
                                        BRENT
      RUN LANDFILL, INC.

                                      	 
      
	 
      	
                                        BROADACRE
      LANDFILL, INC.

                                      	 
      
	 
      	
                                        BUTLER
      COUNTY LANDFILL, INC.

                                      	 
      
	 
      	
                                        CAMINO
      REAL ENVIRONMENTAL CENTER, INC.

                                      
	 
      	
                                        CHIQUITA
      CANYON, INC.

                                      	 
      
	 
      	
                                        COLD
      CANYON LAND FILL, INC.

                                      	 
      
	 
      	
                                        COMMUNITY
      REFUSE DISPOSAL INC.

                                      	 
      
	 
      	
                                        CONTRACTORS
      WASTE SERVICES, INC.

                                      	 
      
	 
      	
                                        COUNTY
      RECYCLING, INC.

                                      	 
      
	 
      	
                                        CORRAL
      DE PIEDRA LAND COMPANY

                                      	 
      
	 
      	
                                        CURRY
      TRANSFER & RECYCLING, INC.

                                      	 
      
	 
      	
                                        D.
      M. DISPOSAL CO., INC.

                                      	 
      
	 
      	
                                        DENVER
      REGIONAL LANDFILL, INC.

                                      	 
      
	 
      	
                                        ELKO
      SANITATION COMPANY

                                      	 
      
	 
      	
                                        EMPIRE
      DISPOSAL, INC.

                                      	 
      
	 
      	
                                        EVERGREEN
      DISPOSAL, INC.

                                      	 
      
	 
      	
                                        ENVIRONMENTAL
      TRUST COMPANY

                                      	 
      
	 
      	
                                        FINNEY
      COUNTY LANDFILL, INC.

                                      	 
      
	 
      	
                                        FRANK’S
      SERVICE, INC.

                                      	 
      
	 
      	
                                        FRONT
      RANGE LANDFILL, INC.

                                      	 
      
	 
      	
                                        G
      & P DEVELOPMENT, INC.

                                      	 
      
	 
      	
                                        HAROLD
      LEMAY ENTERPRISES, INCORPORATED

                                      
	 
      	
                                        HIGH
      DESERT SOLID WASTE FACILITY, INC.

                                      	 
      
	 
      	 	
                                        
                                          (F/K/A
      RHINO SOLID WASTE, INC.)

                                        

                                      	 
      
	 
      	
                                        ISLAND
      DISPOSAL, INC.

                                      	 
      
	 
      	
                                        J
      BAR J LAND, INC.

                                      	 
      
	 
      	
                                        KELLY’S
      HAUL AWAY, INC.

                                      	 
      
	 
      	
                                        LAKESHORE
      DISPOSAL, INC.

                                      	 
      
	 
      	
                                        LEALCO,
      INC.

                                      	 
      
	 
      	
                                        LES’
      COUNTY SANITARY, INC.

                                      	 
      
	 
      	
                                        MADERA
      DISPOSAL SYSTEMS, INC.

                                      	 
      
	 
      	
                                        MAMMOTH
      DISPOSAL COMPANY

                                      	 
      
	 	 	 
	 
      	
                                        By:

                                      	
                                        /s/ Worthing F. Jackman

                                      	 
      
	 
      	
                                        Name:

                                      	
                                        Worthing
      F. Jackman

                                      	 
      
	 
      	
                                        Title:

                                      	
                                        Chief
      Financial Officer

                                      	 
      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

        

      

      
        
          
            
              
                
                  	 
      	
                          THE OBLIGORS

                        	 
      
	 	 	 
	 
      	
                          MANAGEMENT
      ENVIRONMENTAL

                        	 
      
	 
      	 
      	
                          NATIONAL,
      INC.

                        	 
      
	 
      	
                          MASON
      COUNTY GARBAGE CO., INC.

                        	 
      
	 
      	
                          MDSI
      OF LA, INC.

                        	 
      
	 
      	
                          MILLENNIUM
      WASTE INCORPORATED

                        	 
      
	 
      	
                          MISSION
      COUNTRY DISPOSAL

                        	 
      
	 
      	
                          MORRO
      BAY GARBAGE SERVICE

                        	 
      
	 
      	
                          MURREY’S
      DISPOSAL COMPANY, INC.

                        	 
      
	 
      	
                          NEBRASKA
      ECOLOGY SYSTEMS, INC.

                        	 
      
	 
      	
                          NOBLES
      COUNTY LANDFILL, INC.

                        	 
      
	 
      	
                          NORTHERN
      PLAINS DISPOSAL, INC.

                        	 
      
	 
      	
                          NORTHWEST
      CONTAINER SERVICES, INC.

                        	 
      
	 
      	
                          OKLAHOMA
      CITY WASTE DISPOSAL, INC.

                        	 
      
	 
      	
                          OKLAHOMA
      LANDFILL HOLDINGS, INC.

                        	 
      
	 
      	
                          OSAGE
      LANDFILL, INC.

                        	 
      
	 
      	
                          PSI
      ENVIRONMENTAL SERVICES, INC.

                        	 
      
	 
      	
                          PSI
      ENVIRONMENTAL SYSTEMS, INC.

                        	 
      
	 
      	
                          PUEBLO
      SANITATION, INC.

                        	 
      
	 
      	
                          R.A.
      BROWNRIGG INVESTMENTS, INC.

                        	 
      
	 
      	
                          RED
      CARPET LANDFILL, INC.

                        	 
      
	 
      	
                          RH
      FINANCIAL CORPORATION

                        	 
      
	 
      	
                          RURAL
      WASTE MANAGEMENT, INC.

                        	 
      
	 
      	
                          SAN
      LUIS GARBAGE COMPANY

                        	 
      
	 
      	
                          SCOTT
      SOLID WASTE DISPOSAL COMPANY

                        	 
      
	 
      	
                          SEABREEZE
      RECOVERY, INC.

                        	 
      
	 
      	
                          SEDALIA
      LAND COMPANY

                        	 
      
	 
      	
                          SOUTH
      COUNTY SANITARY SERVICE, INC.

                        	 
      
	 
      	
                          SOUTHERN
      PLAINS DISPOSAL, INC.

                        	 
      
	 
      	
                          TACOMA
      RECYCLING COMPANY, INC.

                        	 
      
	 
      	
                          TENNESSEE
      WASTE MOVERS, INC.

                        	 
      
	 
      	
                          WASCO
      COUNTY LANDFILL, INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS MANAGEMENT

                        	 
      
	 
      	 
      	
                          SERVICES,
      INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS OF ALABAMA, INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS OF ARIZONA, INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS OF ARKANSAS, INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS OF CALIFORNIA, INC.

                        	 
      
	 
      	 
      	
                          (F/K/A
      AMADOR DISPOSAL SERVICE, INC.)

                        
	 
      	
                          WASTE
      CONNECTIONS OF COLORADO, INC.

                        	 
      
	 
      	
                          WASTE
      CONNECTIONS OF GEORGIA, INC.

                        	 
      
	 
      	 
      	
                          (F/K/A
      WCI OF GEORGIA, INC.)

                        	 
      
	 	 	 	 
	 
      	
                          By:

                        	
                          /s/ Worthing F. Jackman

                        	 
      
	 
      	
                          Name:

                        	
                          Worthing
      F. Jackman

                        	 
      
	 
      	
                          Title:

                        	
                          Chief
      Financial Officer

                        	 
      

                

              

            

          

        

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	 	
                                                          THE
      OBLIGORS

                                                        	 
	 	 	 
	 
      	
                                                          WASTE
      CONNECTIONS OF IDAHO, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      MOUNTAIN JACK ENVIRONMENTAL

                                                        
	 
      	 
      	
                                                          SERVICES,
      INC.)

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF ILLINOIS, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF IOWA, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      WHALEY WASTE SYSTEMS INC.)

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF KANSAS, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF KENTUCKY, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF MINNESOTA, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      RITTER’S SANITARY SERVICE, INC.)

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF MISSISSIPPI, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      LIBERTY WASTE SERVICES OF

                                                        	 
      
	 
      	
                                                          MISSISSIPPI
      HOLDINGS, INC.)

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF MISSOURI, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF MONTANA, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF NEBRASKA, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF NEW MEXICO, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF NORTH CAROLINA, INC.

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF SOUTH CAROLINA, INC.

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF OKLAHOMA, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      B & B SANITATION, INC.)

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF OREGON, INC.

                                                        	 
      
	 
      	 
      	
                                                          (SUCCESSOR
      BY MERGER TO

                                                        	 
      
	 
      	 
      	
                                                          ENVIRONMENTAL
      WASTE SYSTEMS, INC. AND

                                                        
	 
      	
                                                          F/K/A
      SWEET HOME SANITATION SERVICE, INC.)

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF SOUTH DAKOTA, INC.

                                                        
	 
      	 
      	
                                                          (F/K/A
      NOVAK ENTERPRISES, INC.)

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF TENNESSEE, INC.

                                                        	 
      
	 
      	 
      	
                                                          (F/K/A
      LIBERTY WASTE SERVICES OF TENNESSEE HOLDINGS, INC.)

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF THE CENTRAL VALLEY, INC.

                                                          (F/K/A/
      KINGSBURG DISPOSAL SERVICE, INC.)

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF UTAH, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS OF WASHINGTON, INC.

                                                        
	 
      	
                                                          WASTE
      CONNECTIONS OF WYOMING, INC.

                                                        	 
      
	 
      	
                                                          WASTE
      CONNECTIONS TRANSPORTATION COMPANY, INC.

                                                        
	 
      	
                                                          WASTE
      SERVICES OF N.E. MISSISSIPPI, INC.

                                                        
	 
      	
                                                          WEST
      BANK ENVIRONMENTAL SERVICES, INC.

                                                        
	 
      	
                                                          WEST
      COAST RECYCLING AND TRANSFER, INC.

                                                        
	 
      	
                                                          WYOMING
      ENVIRONMENTAL SERVICES, INC.

                                                        
	 
      	
                                                          WYOMING
      ENVIRONMENTAL SYSTEMS, INC.

                                                        
	 
      	
                                                          YAKIMA
      WASTE SYSTEMS, INC.

                                                        	 
      
	 	 	 
	 
      	
                                                          By:

                                                        	
                                                          /s/ Worthing F. Jackman

                                                        	 
      
	 
      	
                                                          Name:

                                                        	
                                                          Worthing
      F. Jackman

                                                        	 
      
	 
      	
                                                          Title:

                                                        	
                                                          Chief
      Financial Officer

                                                        	 
      

                                                

                                                 

                                                
                                                  
                                                    
                                                    

                                                  

                                                  
                                                    
                                                    

                                                    
                                                      

                                                    

                                                  

                                                  
                                                    
                                                    

                                                  

                                                

                                                 

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	
                                        THE OBLIGORS

                                      	 
      
	 	 	 
	 
      	
                                        COLUMBIA
      RESOURCE CO., L.P.

                                      	 
      
	 
      	
                                        FINLEY-BUTTES
      LIMITED PARTNERSHIP

                                      	 
      
	 	 	 
	 
      	
                                        By:

                                      	
                                        Management
      Environmental National, Inc.,

                                      	 
      
	 
      	 
      	
                                        its
      General Partner

                                      	 
      
	 	 	 	 
	 
      	 
      	
                                        By:

                                      	
                                        /s/ Worthing F. Jackman

                                      	 
      
	 
      	 
      	
                                        Name:

                                      	
                                        Worthing
      F. Jackman

                                      	 
      
	 
      	 
      	
                                        Title:

                                      	
                                        Chief
      Financial Officer

                                      	 
      
	 	 	 	 	 
	 
      	
                                        EL
      PASO DISPOSAL, LP

                                      	 
      
	 	 	 
	 
      	
                                        By:

                                      	
                                        Waste
      Connections of Texas, LLC,

                                      	 
      
	 
      	 
      	
                                        its
      General Partner

                                      	 
      
	 
      	
                                        By:

                                      	
                                        Waste
      Connections Management Services, Inc.,

                                      	 
      
	 
      	 
      	
                                        its
      Manager

                                      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                        By:

                                      	
                                        /s/ Worthing F. Jackman

                                      	 
      
	 
      	 
      	
                                        Name:

                                      	
                                        Worthing
      F. Jackman

                                      	 
      
	 
      	 
      	
                                        Title:

                                      	
                                        Chief
      Financial Officer

                                      	 
      
	 	 	 	 	 
	 
      	
                                        GLACIER
      DISPOSAL, L.L.C.

                                      	 
      
	 
      	
                                        LAUREL
      RIDGE LANDFILL, L.L.C.

                                      	 
      
	 
      	
                                        SUNRISE
      SANITATION, LLC

                                      	 
      
	 
      	
                                        WASTE
      CONNECTIONS OF MISSISSIPPI DISPOSAL

                                      	 
      
	 
      	 
      	
                                        SERVICES, LLC (F/K/A
      SANTEK

                                      	 
      
	 
      	 
      	
                                        ENVIRONMENTAL
      OF MISSISSIPPI, L.L.C.)

                                      	 
      
	 
      	
                                        WASTE
      CONNECTIONS OF LEFLORE, LLC

                                      	 
      
	 
      	 
      	
                                        (F/K/A
      WASTE SERVICES OF MISSISSIPPI, LLC)

                                      
	 
      	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        Waste
      Connections, Inc.,

                                      	 
      
	 
      	 
      	
                                        its
      Managing Member

                                      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                        By:

                                      	
                                        /s/ Worthing F. Jackman

                                      	 
      
	 
      	 
      	
                                        Name:

                                      	
                                        Worthing
      F. Jackman

                                      	 
      
	 
      	 
      	
                                        Title:

                                      	
                                        Chief
      Financial Officer

                                      	 
      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	 
      	
                                                  THE OBLIGORS

                                                	 
      
	 	 	 
	 
      	
                                                  WASTE
      CONNECTIONS OF TEXAS, LLC

                                                	 
      
	 	 	 
	 
      	
                                                  By:

                                                	
                                                  Waste
      Connections Management Services, Inc.,

                                                	 
      
	 
      	 
      	
                                                  its
      Manager

                                                	 
      
	 	 	 	 
	 
      	 
      	
                                                  By:

                                                	
                                                  /s/ Worthing F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Name:

                                                	
                                                  Worthing
      F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Title:

                                                	
                                                  Chief
      Financial Officer

                                                	 
      
	 	 	 	 	 
	 
      	
                                                  HORIZON
      PROPERTY MANAGEMENT, LLC

                                                	 
      
	 
      	
                                                  PIERCE
      COUNTY RECYCLING, COMPOSTING AND

                                                	 
      
	 
      	
                                                  DISPOSAL,
      LLC

                                                	 
      
	 
      	
                                                  RAILROAD
      AVENUE DISPOSAL, LLC

                                                	 
      
	 
      	
                                                  SCOTT
      WASTE SERVICES, LLC

                                                	 
      
	 
      	
                                                  SILVER
      SPRINGS ORGANICS, L.L.C.

                                                	 
      
	 
      	
                                                  THE
      TRASH COMPANY, LLC

                                                	 
      
	 
      	
                                                  WASTE
      SOLUTIONS GROUP OF SAN BENITO, LLC

                                                	 
      
	 
      	
                                                  VOORHEES
      SANITATION, L.L.C.

                                                	 
      
	 	 	 
	 
      	
                                                  By:

                                                	
                                                  Waste
      Connections, Inc.

                                                	 
      
	 
      	 
      	
                                                  its
      Manager

                                                	 
      
	 	 	 	 
	 
      	 
      	
                                                  By:

                                                	
                                                  /s/ Worthing F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Name:

                                                	
                                                  Worthing
      F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Title:

                                                	
                                                  Chief
      Financial Officer

                                                	 
      
	 	 	 	 	 
	 
      	
                                                  ANDERSON
      REGIONAL LANDFILL, LLC

                                                	 
      
	 	 	 
	 
      	
                                                  By:

                                                	
                                                  Anderson
      County Landfill, Inc., its Manager

                                                	 
      
	 	 	 	 
	 
      	 
      	
                                                  By:

                                                	
                                                  /s/ Worthing F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Name:

                                                	
                                                  Worthing
      F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Title:

                                                	
                                                  Chief
      Financial Officer

                                                	 
      
	 	 	 	 	 
	 
      	
                                                  CHIQUITA
      CANYON, LLC

                                                	 
      
	 	 	 
	 
      	
                                                  By:

                                                	
                                                  Chiquita
      Canyon, Inc., its Manager

                                                	 
      
	 	 	 	 
	 
      	 
      	
                                                  By:

                                                	
                                                  /s/ Worthing F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Name:

                                                	
                                                  Worthing
      F. Jackman

                                                	 
      
	 
      	 
      	
                                                  Title:

                                                	
                                                  Chief
      Financial Officer

                                                	 
      

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                	
                        THE
      PURCHASERS:

                      
	 
	
                        METROPOLITAN
      LIFE INSURANCE COMPANY

                      
	 	 	 
	
                        By:

                      	
                        /s/ John Wills

                      	 
      
	
                        Name:

                      	
                        John
      Wills

                      	 
      
	
                        Title:

                      	
                        Director

                      	 
      

              

            

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  	
                          THE
      PURCHASERS:

                        
	 
	
                          GENERAL
      AMERICAN LIFE INSURANCE COMPANY

                        
	 
	
                          By:

                        	
                          Metropolitan
      Life Insurance Company

                        	 
      
	 
      	
                          its
      Investment Manager

                        	 
      
	 	 	 
	
                          By:

                        	
                          /s/ John Wills

                        	 
      
	
                          Name:

                        	
                          John
      Wills

                        	 
      
	
                          Title:

                        	
                          Director

                        	 
      

                

              

            

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    	
                            THE
      PURCHASERS:

                          
	 
	
                            JACKSON
      NATIONAL LIFE INSURANCE COMPANY

                          
	 
	
                            By:

                          	
                            PPM
      America, Inc., as attorney in fact,

                          	 
      
	 
      	
                            on
      behalf of Jackson National Life Insurance Company

                          
	 	 
	
                            By:

                          	
                            /s/ Luke S. Stifflear

                          	 
      
	
                            Name:

                          	
                            Luke
      S. Stifflear

                          	 
      
	
                            Title:

                          	
                            Senior
      Managing Director

                          	 
      

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    
                      	
                              THE
      PURCHASERS:

                            
	 
	
                              THE
      PRUDENTIAL INSURANCE COMPANY OF AMERICA

                            
	 
	
                              By:

                            	
                              /s/ Iris Krause

                            	 
      
	
                              Name:

                            	
                              Iris
      Krause

                            	 
      
	
                              Title:

                            	
                              Vice
      President

                            	 
      
	 	 	 
	
                              PRUDENTIAL
      RETIREMENT INSURANCE AND ANNUITY COMPANY

                            
	 
	
                              By:

                            	
                              /s/ Iris Krause

                            	 
      
	
                              Name:

                            	
                              Iris
      Krause

                            	 
      
	
                              Title:

                            	
                              Vice
      President

                            	 
      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        	
                                THE
      PURCHASERS:

                              
	 
	
                                NEW
      YORK LIFE INSURANCE COMPANY

                              
	 
	
                                By:

                              	
                                /s/ Kathleen A. Haberkern

                              	 
      
	
                                Name:

                              	
                                Kathleen
      A. Haberkern

                              	 
      
	
                                Title:

                              	
                                Corporate
      Vice President

                              	 
      
	 	 	 
	
                                NEW
      YORK LIFE INSURANCE AND ANNUITY CORPORATION

                              
	 
	
                                By:

                              	
                                New
      York Life Investment Management, LLC

                              	 
      
	 
      	
                                its
      Investment Manager

                              	 
      
	 	 	 
	
                                By:

                              	
                                /s/ Kathleen A. Haberkern

                              	 
      
	
                                Name:

                              	
                                Kathleen
      A. Haberkern

                              	 
      
	
                                Title:

                              	
                                Director

                              	 
      

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        THE PURCHASERS:

                                      
	 
	
                                        PIONEER
      MUTUAL LIFE INSURANCE COMPANY

                                      
	 
	
                                        By:

                                      	
                                        American
      United Life Insurance Company,

                                      	 
      
	 
      	
                                        its
      Agent

                                      	 
      
	 	 	 
	
                                        By:

                                      	
                                        /s/ Michael I. Bullock

                                      	 
      
	
                                        Name:

                                      	
                                        Michael
      I. Bullock

                                      	 
      
	
                                        Title:

                                      	
                                        Vice
      President

                                      	 
      
	 	 	 
	
                                        AMERICAN
      UNITED LIFE INSURANCE COMPANY

                                      
	 
	
                                        By:

                                      	
                                        /s/ Michael I. Bullock

                                      	 
      
	
                                        Name:

                                      	
                                        Michael
      I. Bullock

                                      	 
      
	
                                        Title:

                                      	
                                        Vice
      President

                                      	 
      
	 	 	 
	
                                        THE
      STATE LIFE INSURANCE COMPANY

                                      
	 
	
                                        By:

                                      	
                                        American
      United Life Insurance Company,

                                      	 
      
	 
      	
                                        its
      Agent

                                      	 
      
	 	 	 
	
                                        By:

                                      	
                                        /s/ Michael I. Bullock

                                      	 
      
	
                                        Name:

                                      	
                                        Michael
      I. Bullock

                                      	 
      
	
                                        Title:

                                      	
                                        Vice
      PresidentRegistration Rights Agreement

 Exhibit 4.1 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made and entered into as of August 3, 2009, between Design Within Reach, Inc., a Delaware corporation (the “Company”), and the Holders signatory hereto. 
 This Agreement is made pursuant to the Securities Purchase Agreement, dated as of the date hereof, between the Company and Glenhill Special Opportunities
Master Fund, LLC; (the “Purchase Agreement”). 
 The Company and Holder hereby agrees as follows: 
 1. Definitions. 
 Capitalized terms
used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings: 
 “Advice” shall have the meaning set forth in Section 6(d). 
 “Effectiveness Date” means, with respect to the Initial Registration Statement required to be filed
hereunder, the 60th calendar day following the date hereof (or, in the event of a
“full review” by the Commission, the 90th calendar day following the date
hereof) and with respect to any additional Registration Statements which may be required pursuant to Section 3(c), the 30th
 calendar day following the date on which an additional Registration Statement is required to be filed hereunder; provided, however, that in the event the Company is notified by the
Commission that one or more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall be the fifth Trading Day following the date
on which the Company is so notified if such date precedes the dates otherwise required above. 
 “Effectiveness
Period” shall have the meaning set forth in Section 2(a). 
 “Event” shall have the meaning set
forth in Section 2(b). 
 “Event Date” shall have the meaning set forth in Section 2(b).

 “Filing Date” means, with respect to the Initial Registration Statement required
hereunder, the 30th calendar day following the date hereof and, with respect to any
additional Registration Statements which may be required pursuant to Section 3(c), the earliest practical date on which the Company is permitted by SEC Guidance to file such additional Registration Statement related to the Registrable
Securities. 
  

 1 

 “Holder” or “Holders” means, initially, Glenhill
Special Opportunities Master Fund, LLC, and subsequently the holder or holders, as the case may be, from time to time of Registrable Securities. 
 “Indemnified Party” shall have the meaning set forth in Section 5(c). 
 “Indemnifying Party” shall have the meaning set forth in Section 5(c). 
 “Initial
Registration Statement” means the initial Registration Statement filed pursuant to this Agreement. 
 “Initial Shares” means a number of Registrable Securities equal to the lesser of (a) the total number of Registrable Securities and (b) one-third of the number of issued and outstanding shares of Common Stock that
are held by non-Affiliates of the Company on the day immediately prior to the filing date of the Initial Registration Statement. 
 “Losses” shall have the meaning set forth in Section 5(a). 
 “Plan of
Distribution” shall have the meaning set forth in Section 2(a). 
 “Prospectus” means the
prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A
promulgated by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and
all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference in such Prospectus. 
 “Registrable Securities” means, as of any date of determination, (a) all of the shares of Common Stock held by
Holder purchased pursuant to the Purchase Agreement, (b) all of the shares of Common Stock then issuable upon conversion in full of the Preferred Stock (assuming on such date the shares of Preferred Stock are converted in full without regard to
any conversion limitations therein, and including any shares of Common Stock issuable on conversion of Preferred Stock issuable as interest or dividends), (c) any additional shares of Common Stock issuable in connection with any anti-dilution
provisions in the Preferred Stock (in each case, without giving effect to any limitations on conversion set forth in the Certificate of Designation) and (d) any securities issued or then issuable upon any stock split, dividend or other
distribution, recapitalization or similar event with respect to the foregoing; provided, however, that any such Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the
effectiveness of any, or file another, Registration Statement hereunder with respect thereto) for so long as (a) a Registration Statement with respect to the sale of such Registrable Securities is declared effective by the Commission under the
Securities Act and such Registrable Securities have been disposed of by the 

  

 2 

 
Holder in accordance with such effective Registration Statement, (b) such Registrable Securities have been previously sold in accordance with Rule 144,
or (c) such securities become eligible for resale without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144 as set forth in a written opinion letter to such effect, addressed, delivered and
reasonably acceptable to the Transfer Agent and the affected Holders (assuming that such securities and any securities issuable upon exercise, conversion or exchange of which, or as a dividend upon which, such securities were issued or are issuable,
were at no time held by any Affiliate of the Company), as reasonably determined by the Company, upon the advice of counsel to the Company. 
 “Registration Statement” means any registration statement required to be filed hereunder pursuant to Section 2(a) and any additional registration statements contemplated by Section 3(c),
including (in each case) the Prospectus, amendments and supplements to any such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to be
incorporated by reference in any such registration statement. 
 “Rule 415” means Rule 415 promulgated by the
Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 

“Rule 424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or
interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 
 “Selling Stockholder Questionnaire” shall have the meaning set forth in Section 3(a). 
 “SEC Guidance” means (i) any publicly-available written or oral guidance of the Commission staff, or any comments,
requirements or requests of the Commission staff and (ii) the Securities Act. 
 2. Shelf Registration. 
 (a) On or prior to each Filing Date, the Company shall prepare and file with the Commission a Registration Statement covering the resale
of all or such maximum portion of the Registrable Securities as permitted by SEC Guidance (provided that, the Company shall use diligent efforts to advocate with the Commission for the registration of all of the Registrable Securities in accordance
with the SEC Guidance, including without limitation, the Manual of Publicly Available Telephone Interpretations D.29) that are not then registered on an effective Registration Statement for an offering to be made on a continuous basis pursuant to
Rule 415. Each Registration Statement filed hereunder shall be on Form S-3 (except if the Company is not then eligible to register for resale the Registrable Securities on Form S-3, in which case such registration shall be on another 

  

 3 

 
appropriate form in accordance herewith) and shall contain (unless otherwise directed by at least an 85% majority in interest of the Holders) substantially
the “Plan of Distribution” attached hereto as Annex A. Subject to the terms of this Agreement, the Company shall use its best efforts to cause a Registration Statement filed hereunder to be declared effective under the
Securities Act as promptly as possible after the filing thereof, but in any event prior to the applicable Effectiveness Date, and shall use its best efforts to keep such Registration Statement continuously effective under the Securities Act until
all Registrable Securities covered by such Registration Statement (i) have been sold, thereunder or pursuant to Rule 144, or (ii) (A) may be sold without volume or manner-of-sale restrictions pursuant to Rule 144 and
(B) (I) may be sold without the requirement for the Company to be in compliance with the current public information requirement under Rule 144 or (II) the Company is in compliance with the current public information requirement under Rule
144, as determined by the counsel to the Company pursuant to a written opinion letter to such effect, addressed and reasonably acceptable to the Transfer Agent and the affected Holders (the “Effectiveness Period”). The Company shall
telephonically request effectiveness of a Registration Statement as of 5:00 p.m. New York City time on a Trading Day. The Company shall immediately notify the Holders via facsimile or by e-mail of the effectiveness of a Registration Statement on the
same Trading Day that the Company telephonically confirms effectiveness with the Commission, which shall be the date requested for effectiveness of such Registration Statement. The Company shall, by 9:30 a.m. New York City time on the Trading Day
after the effective date of such Registration Statement, file a final Prospectus with the Commission as required by Rule 424. Failure to so notify the Holder within one (1) Trading Day of such notification of effectiveness or failure to file a
final Prospectus as foresaid shall be deemed an Event under Section 2(b). Notwithstanding any other provision of this Agreement and subject to the payment of liquidated damages pursuant to Section 2(b), if any SEC Guidance sets forth a
limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement (and notwithstanding that the Company used diligent efforts to advocate with the Commission for the registration of all or a greater
portion of Registrable Securities), unless otherwise directed in writing by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will first be reduced by Registrable
Securities represented by Underlying Shares (applied to the Holders on a pro rata basis based on the total number of unregistered Underlying Shares held by such Holders), and second by Registrable Securities represented by shares of Common Stock
(applied, to the Holders on a pro rata basis based on the total number of unregistered shares of Common Stock held by such Holders). In the event of a cutback hereunder, the Company shall give the Holder at least five (5) Trading Days prior
written notice along with the calculations as to such Holder’s allotment. 
 (b) If: (i) the Initial Registration
Statement is not filed on or prior to its Filing Date (if the Company files the Initial Registration Statement without affording the Holders the opportunity to review and comment on the same as required by Section 3(a) herein, the Company shall
be deemed to have not satisfied this clause (i)), or (ii) the Company fails to file with the Commission a request for acceleration of a Registration Statement in accordance with Rule 461 promulgated by the Commission pursuant to the 

  

 4 

 
Securities Act, within five Trading Days of the date that the Company is notified (orally or in writing, whichever is earlier) by the Commission that such
Registration Statement will not be “reviewed” or will not be subject to further review, or (iii) prior to the effective date of a Registration Statement, the Company fails to file a pre-effective amendment and otherwise respond in
writing to comments made by the Commission in respect of such Registration Statement within ten (10) calendar days after the receipt of comments by or notice from the Commission that such amendment is required in order for such Registration
Statement to be declared effective, or (iv) as to, in the aggregate among all Holders on a pro-rata basis based on their purchase of the Securities pursuant to the Purchase Agreement, a Registration Statement registering for resale all of the
Initial Shares is not declared effective by the Commission by the Effectiveness Date of the Initial Registration Statement, or (v) after the effective date of a Registration Statement, such Registration Statement ceases for any reason to remain
continuously effective as to all Registrable Securities included in such Registration Statement, or the Holders are otherwise not permitted to utilize the Prospectus therein to resell such Registrable Securities, for more than ten
(10) consecutive calendar days or more than an aggregate of fifteen (15) calendar days (which need not be consecutive calendar days) during any 12-month period, or (vi) the Company shall fail for any reason to satisfy the current
public information requirement under Rule 144 as to the applicable Registrable Securities (any such failure or breach being referred to as an “Event”, and for purposes of clauses (i), (iv), and (vi), the date on which such Event
occurs, and for purpose of clause (ii) the date on which such five (5) Trading Day period is exceeded, and for purpose of clause (iii) the date which such ten (10) calendar day period is exceeded, and for purpose of clause
(v) the date on which such ten (10) or fifteen (15) calendar day period, as applicable, is exceeded being referred to as “Event Date”), then, in addition to any other rights the Holders may have hereunder or under
applicable law, on each such Event Date and on each monthly anniversary of each such Event Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay to each Holder an amount in
cash, as partial liquidated damages and not as a penalty, equal to 2% of the aggregate purchase price paid by such Holder pursuant to the Purchase Agreement for any unregistered Registrable Securities then held by such Holder. The parties agree that
the maximum aggregate liquidated damages payable to a Holder under this Agreement shall be 10% of the aggregate paid by the Purchaser pursuant to the Purchase Agreement. If the Company fails to pay any partial liquidated damages pursuant to this
Section in full within seven days after the date payable, the Company will pay interest thereon at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by applicable law) to the Holder, accruing daily from the
date such partial liquidated damages are due until such amounts, plus all such interest thereon, are paid in full. The partial liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of a month prior to
the cure of an Event. 
  

 5 

 3. Registration Procedures. 
 In connection with the Company’s registration obligations hereunder, the Company shall: 
 (a) Not less than five (5) Trading Days prior to the filing of each Registration Statement and not less than one
(1) Trading Day prior to the filing of any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to
each Holder copies of all such documents proposed to be filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and (ii) cause its officers and directors,
counsel and independent registered public accountants to respond to such inquiries as shall be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct a reasonable investigation within the meaning of the Securities Act.
The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that, the Company is
notified of such objection in writing no later than five (5) Trading Days after the Holders have been so furnished copies of a Registration Statement or one (1) Trading Day after the Holders have been so furnished copies of any related
Prospectus or amendments or supplements thereto. Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”) on a date that
is not less than two (2) Trading Days prior to the Filing Date or by the end of the fourth (4th) Trading Day following the date on which such Holder receives draft materials in accordance with this Section. 
 (b) (i) Prepare and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep a Registration
Statement continuously effective as to the applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all
of the Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant to Rule 424,
(iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any amendment thereto and provide as promptly as reasonably possible to the Holders true and complete
copies of all correspondence from and to the Commission relating to a Registration Statement (provided that, the Company may excise any information contained therein which would constitute material non-public information as to any Holder which has
not executed a confidentiality agreement with respect thereto with the Company), and (iv) comply in all material respects with the applicable provisions of the Securities Act and the Exchange Act with respect to the disposition of all
Registrable Securities covered by a Registration Statement during the applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the Holders thereof set forth in such Registration Statement
as so amended or in such Prospectus as so supplemented. 
  

 6 

 (c) If during the Effectiveness Period, the number of Registrable Securities at any time
exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case prior to the applicable Filing Date, an additional Registration
Statement covering the resale by the Holders of not less than the number of such Registrable Securities. 
 (d) Notify the
Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly
as reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice in writing no later than one (1) Trading Day following the day
(i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a Registration Statement is proposed to be filed, (B) when the Commission notifies the Company whether there will be a “review” of such Registration
Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to a Registration Statement or any post-effective amendment, when the same has become effective, (ii) of any request by the
Commission or any other federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or for additional information, (iii) of the issuance by the Commission or any other federal or state
governmental authority of any stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose; (iv) of the receipt by the Company of any
notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such purpose, (v) of the
occurrence of any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or any document incorporated or
deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case
may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading and (vi) of the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may be material and that, in the determination of the Company, makes it not in the best interest of
the Company to allow continued availability of a Registration Statement or Prospectus, provided that, any and all of such information shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a
Holder is required by law; provided, further, that notwithstanding each Holder’s agreement to keep such information confidential, each such Holder makes no acknowledgement that any such information is material, non-public
information. 
 (e) Use its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order
stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable
moment. 
  

 7 

 (f) Furnish to each Holder, without charge, at least one conformed copy of each such
Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent
requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any such item which is available on the EDGAR system (or successor thereto)
need not be furnished in physical form. 
 (g) Subject to the terms of this Agreement, the Company hereby consents to the use
of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the
giving of any notice pursuant to Section 3(d). 
 (h) The Company shall cooperate with any broker-dealer through which a
Holder proposes to resell its Registrable Securities in effecting a filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 5110, as requested by any such Holder, and the Company shall pay the filing fee required by such filing
within two (2) Business Days of request therefor. 
 (i) Prior to any resale of Registrable Securities by a Holder, use
its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale
by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness
Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement; provided, that, the Company shall not be required to qualify
generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such
jurisdiction. 
 (j) If requested by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of
certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable
such Registrable Securities to be in such denominations and registered in such names as any such Holder may request. 
  

 8 

 (k) Upon the occurrence of any event contemplated by Section 3(d), as promptly as
reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment,
including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter
delivered, neither a Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such
Prospectus have been made, then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise
its right under this Section 3(k) to suspend the availability of a Registration Statement and Prospectus, subject to the payment of partial liquidated damages otherwise required pursuant to Section 2(b), for a period not to exceed 60
calendar days (which need not be consecutive days) in any 12-month period. 
 (l) Comply with all applicable rules and
regulations of the Commission. 
 (m) The Company may require each selling Holder to furnish to the Company a certified
statement as to the number of shares of Common Stock beneficially owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive control over the shares. During any periods that the Company is
unable to meet its obligations hereunder with respect to the registration of the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that
are accruing at such time as to such Holder only shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company. 
 4. Registration Expenses. All fees and expenses incident to the performance of or compliance with, this Agreement by the Company shall be borne by
the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses of the Company’s counsel and independent registered public accountants) (A) with respect to filings made with the Commission, (B) with respect to filings required to be made with any Trading
Market on which the Common Stock is then listed for trading, (C) in compliance with applicable state securities or Blue Sky laws reasonably agreed to by the Company in writing (including, without limitation, fees and disbursements of counsel
for the Company in connection with Blue Sky qualifications or exemptions of the Registrable Securities) and (D) if not previously paid by the Company in connection with an Issuer Filing, with respect to any filing that may be required to be
made by any broker through which a Holder intends to make sales of Registrable Securities with FINRA 

  

 9 

 
pursuant to FINRA Rule 5110, so long as the broker is receiving no more than a customary brokerage commission in connection with such sale,
(ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company,
(v) Securities Act liability insurance, if the Company so desires such insurance, and (vi) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by this
Agreement. In addition, the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. In
no event shall the Company be responsible for any broker or similar commissions of any Holder or, except to the extent provided for in the Transaction Documents, any legal fees or other costs of the Holders. 
 5. Indemnification. 
 (a) Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless each Holder, the officers, directors, members, partners, agents, brokers (including brokers who
offer and sell Registrable Securities as principal as a result of a pledge or any failure to perform under a margin call of Common Stock), investment advisors and employees (and any other Persons with a functionally equivalent role of a Person
holding such titles, notwithstanding a lack of such title or any other title) of each of them, each Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the
officers, directors, members, stockholders, partners, agents and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding a lack of such title or any other title) of each such controlling
Person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, arising out of or relating to (1) any untrue or alleged untrue statement of a material fact contained in a Registration Statement, any Prospectus or any form of prospectus or in any amendment or
supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or
supplement thereto, in light of the circumstances under which they were made) not misleading or (2) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law, or any rule or regulation
thereunder, in connection with the performance of its obligations under this Agreement, except to the extent, but only to the extent, that (i) such untrue statements or omissions are based solely upon information regarding such Holder furnished
in writing to the Company by such Holder expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved
in writing by such Holder expressly for use in a Registration Statement, such Prospectus or in any amendment or supplement thereto (it 

  

 10 

 
being understood that the Holder has approved Annex A hereto for this purpose) or (ii) in the case of an occurrence of an event of the type specified in
Section 3(d)(iii)-(vi), the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated, defective or otherwise unavailable for use by
such Holder and prior to the receipt by such Holder of the Advice contemplated in Section 6(d). The Company shall notify the Holders promptly of the institution, threat or assertion of any Proceeding arising from or in connection with the
transactions contemplated by this Agreement of which the Company is aware. 
 (b) Indemnification by Holders. Each
Holder shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of
the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely upon:
(x) such Holder’s failure to comply with the prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or in any
amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading
(i) to the extent, but only to the extent, that such untrue statement or omission is contained in any information so furnished in writing by such Holder to the Company specifically for inclusion in such Registration Statement or such Prospectus
or (ii) to the extent that such information relates to such Holder’s proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in a Registration Statement
(it being understood that the Holder has approved Annex A hereto for this purpose), such Prospectus or in any amendment or supplement thereto or (ii) in the case of an occurrence of an event of the type specified in Section 3(d)(iii)-(vi),
the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior to the
receipt by such Holder of the Advice contemplated in Section 6(d). In no event shall the liability of any selling Holder under this Section 5(b) be greater in amount than the dollar amount of the net proceeds received by such Holder upon
the sale of the Registrable Securities giving rise to such indemnification obligation. 
 (c) Conduct of Indemnification
Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the
“Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and
expenses incurred in connection with defense thereof; provided, that, the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities 

  

 11 

 
pursuant to this Agreement, except (and only) to the extent that it shall be finally determined by a court of competent jurisdiction (which determination is
not subject to appeal or further review) that such failure shall have prejudiced the Indemnifying Party. 
 An Indemnified
Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the
Indemnifying Party has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in
any such Proceeding, or (3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and counsel to the Indemnified Party shall reasonably believe that a material
conflict of interest is likely to exist if the same counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate
counsel at the expense of the Indemnifying Party, the Indemnifying Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate counsel shall be at the expense of the Indemnifying
Party). The Indemnifying Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall, without the prior written
consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims
that are the subject matter of such Proceeding. 
 Subject to the terms of this Agreement, all reasonable fees and expenses of
the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as
incurred, within ten Trading Days of written notice thereof to the Indemnifying Party; provided, that, the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for
which such Indemnified Party is judicially determined not to be entitled to indemnification hereunder. 
 (d)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid
or payable by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as
any other relevant equitable considerations. The relative fault 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 of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ 

  

 12 

 
relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The amount paid or payable by a
party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with any Proceeding to the extent such
party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with its terms. 
 The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro
rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall be
required to contribute pursuant to this Section 5(d), in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding exceeds
the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. 
 The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may
have to the Indemnified Parties. 
 6. Miscellaneous. 
 (a) Remedies. In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement, each Holder or the Company, as the case may be, in addition to being entitled to
exercise all rights granted by law and under this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. Each of the Company and each Holder agrees that monetary damages would not
provide adequate compensation for any losses incurred by reason of a breach by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance in respect of such breach, it shall not
assert or shall waive the defense that a remedy at law would be adequate. 
 (b) No Piggyback on Registrations; Prohibition on Filing
Other Registration Statements. Except as set forth on Schedule 6(b) attached hereto and in connection with transactions contemplated by clause (d), neither the Company nor any of its security holders (other than the Holders in such
capacity pursuant hereto) may include securities of the Company in any Registration Statements other than the Registrable Securities. The Company shall not file any other registration statements until all Registrable Securities are registered
pursuant to a Registration Statement that is declared effective by the Commission, provided that this Section 6(b) shall not prohibit the Company from filing amendments to registration statements filed prior to the date of this Agreement or
registration statements relating solely to the sale of securities to participants in a Company stock plan disclosed in the Company’s SEC Reports prior to the date hereof. 
  

 13 

 (c) Compliance. Each Holder covenants and agrees that it will comply with the prospectus delivery
requirements of the Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to a Registration Statement. 
 (d) Discontinued Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(d)(iii) through
(vi), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may
have been supplemented or amended) may be resumed. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company agrees and acknowledges that any periods during which the
Holder is required to discontinue the disposition of the Registrable Securities hereunder shall be subject to the provisions of Section 2(b). 
 (e) Piggy-Back Registrations. If, at any time during the Effectiveness Period, there is not an effective Registration Statement covering all of the Registrable Securities and the Company shall determine to prepare and file with the
Commission a registration statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or
their then equivalents relating to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with the Company’s stock option or other employee benefit plans,
then the Company shall deliver to each Holder a written notice of such determination and, if within fifteen days after the date of the delivery of such notice, any such Holder shall so request in writing, the Company shall include in such
registration statement all or any part of such Registrable Securities such Holder requests to be registered; provided, however, that the Company shall not be required to register any Registrable Securities pursuant to this
Section 6(e) that are eligible for resale pursuant to Rule 144 promulgated by the Commission pursuant to the Securities Act or that are the subject of a then effective Registration Statement. 
 (f) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed by the Company and the Holders of 67% or more of the then outstanding Registrable Securities (including,
for this purpose any Registrable Securities issuable upon exercise or conversion of any Security). If a Registration Statement does not register all of the Registrable Securities pursuant to a waiver or amendment done in compliance with the previous
sentence, then the number of Registrable Securities to be registered for each Holder shall be reduced pro rata among all Holders and each Holder shall have the right to designate which of its Registrable Securities shall be omitted from such
Registration Statement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of a Holder or some Holders and that does not directly or indirectly
affect the rights of other Holders may be given by such Holder or Holders of all of the Registrable Securities to which such waiver or consent relates; provided, however, that the provisions of this sentence may not be amended,
modified, or supplemented except in accordance with the provisions of the first sentence of this Section 6(f). 
  

 14 

 (g) Notices. Any and all notices or other communications or deliveries required or permitted to be
provided hereunder shall be delivered as set forth in the Purchase Agreement. 
 (h) Successors and Assigns. This Agreement shall
inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties and shall inure to the benefit of each Holder. The Company may not assign (except by merger) its rights or obligations hereunder without the
prior written consent of 67% or more of the then outstanding Registrable Securities (including, for this purpose any Registrable Securities issuable upon exercise or conversion of any Security). Each Holder may assign their respective rights
hereunder in the manner and to the Persons as permitted under Section 5.7 of the Purchase Agreement. 
 (i) No Inconsistent
Agreements. Neither the Company nor any of its Subsidiaries has entered, as of the date hereof, nor shall the Company or any of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect to its securities,
that would have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. Except as set forth on Schedule 6(i), neither the Company nor any of its Subsidiaries has
previously entered into any agreement granting any registration rights with respect to any of its securities to any Person that have not been satisfied in full. 
 (j) Execution and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a
“.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page were an original thereof. 
 (k) Governing Law. All questions concerning the construction, validity, enforcement and
interpretation of this Agreement shall be determined in accordance with the provisions of the Purchase Agreement. 
 (l) Cumulative
Remedies. The remedies provided herein are cumulative and not exclusive of any other remedies provided by law. 
 (m)
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set
forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and
restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable. 
  

 15 

 (n) Headings. The headings in this Agreement are for convenience only, do not constitute a part of
the Agreement and shall not be deemed to limit or affect any of the provisions hereof. 
 (o) Independent Nature of Holders’
Obligations and Rights. The obligations of each Holder hereunder are several and not joint with the obligations of any other Holder hereunder, and no Holder shall be responsible in any way for the performance of the obligations of any other
Holder hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Holder pursuant hereto or thereto, shall be deemed to constitute the Holders as a partnership, an association, a
joint venture or any other kind of entity, or create a presumption that the Holders are in any way acting in concert with respect to such obligations or the transactions contemplated by this Agreement. Each Holder shall be entitled to protect and
enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose. 
 ******************** 
 (Signature Pages
Follow) 
  

 16 

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

			
	DESIGN WITHIN REACH, INC.,
		
	By:	 	 /s/    Ray Brunner

	Name:	 	Ray Brunner
	Title:	 	President and Chief Executive Officer

 [SIGNATURE PAGE OF HOLDERS FOLLOWS] 
  

 17 

 [SIGNATURE PAGE OF HOLDERS] 
 Name of Holder: Glenhill Special Opportunties Master Fund LLC                     
 Signature of Authorized Signatory of Holder: /s/    Glenn J.
Krevlin                                        
 
 Name of Authorized Signatory: Glenn J.
Krevlin                                     
 Title of Authorized Signatory: Managing
Member                                     
  

 18 

 Annex A 
 Plan of Distribution 
 Each Selling Stockholder (the “Selling Stockholders”) of the
common stock and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any or all of their shares of common stock covered hereby on the stock exchange, market or trading facility on which the shares are traded or
in private transactions. These sales may be at fixed or negotiated prices. A Selling Stockholder may use any one or more of the following methods when selling shares: 
  

	 	•	 	 ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers; 

  

	 	•	 	 block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the
transaction; 

  

	 	•	 	 purchases by a broker-dealer as principal and resale by the broker-dealer for its account; 

  

	 	•	 	 an exchange distribution in accordance with the rules of the applicable exchange; 

  

	 	•	 	 privately negotiated transactions; 

  

	 	•	 	 settlement of short sales entered into after the effective date of the registration statement of which this prospectus is a part; 

  

	 	•	 	 in transactions through broker-dealers that agree with the Selling Stockholders to sell a specified number of such shares at a stipulated price per share;

  

	 	•	 	 through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise; 

  

	 	•	 	 a combination of any such methods of sale; or 

  

	 	•	 	 any other method permitted pursuant to applicable law. 

 The Selling Stockholders may also sell shares under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), if available, rather than under this prospectus. 
 Broker-dealers engaged by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency
transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in compliance with FINRA IM-2440. 
  

 19 

 In connection with the sale of the common stock or interests therein, the Selling Stockholders may enter
into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions they assume. The Selling Stockholders may also sell shares of the
common stock short and deliver these securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The Selling Stockholders may also enter into option or other
transactions with broker-dealers or other financial institutions or create one or more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such
broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction). 
 The Selling Stockholders and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within the meaning of the Securities Act in connection with such sales. In such event, any
commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts under the Securities Act. Each Selling Stockholder has informed the Company
that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the Common Stock. In no event shall any broker-dealer receive fees, commissions and markups which, in the aggregate, would
exceed eight percent (8%). 
 The Company is required to pay certain fees and expenses incurred by the Company incident to the registration
of the shares. The Company has agreed to indemnify the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act. 
 Because Selling Stockholders may be deemed to be “underwriters” within the meaning of the Securities Act, they will be subject to the
prospectus delivery requirements of the Securities Act including Rule 172 thereunder. The Selling Stockholders have advised us that there is no underwriter or coordinating broker acting in connection with the proposed sale of the resale shares by
the Selling Stockholders. 
 We agreed to keep this prospectus effective until the earlier of (i) the date on which the shares may be
resold by the Selling Stockholders without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without the requirement for the Company to be in compliance with the current public information under Rule
144 under the Securities Act or any other rule of similar effect or (ii) all of the shares have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule of similar effect. The resale shares will be sold only
through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale shares of Common Stock covered hereby may not be sold unless they have been registered or qualified for
sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with. 
  

 20 

 Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of
the resale shares may not simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the Selling
Stockholders will be subject to applicable provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of shares of the common stock by the Selling Stockholders
or any other person. We will make copies of this prospectus available to the Selling Stockholders and have informed them of the need to deliver a copy of this prospectus to the Purchaser at or prior to the time of the sale (including by compliance
with Rule 172 under the Securities Act). 
  

 21 

 Annex B 
 Selling Stockholder Notice and Questionnaire 
 The undersigned beneficial owner of common stock (the
“Registrable Securities”) of Design Within Reach, Inc., a Delaware corporation (the “Company”), understands that the Company has filed or intends to file with the Securities and Exchange Commission (the
“Commission”) a registration statement (the “Registration Statement”) for the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), of the
Registrable Securities, in accordance with the terms of the Registration Rights Agreement (the “Registration Rights Agreement”) to which this document is annexed. A copy of the Registration Rights Agreement is available from the
Company upon request at the address set forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement. 
 Certain legal consequences arise from being named as a selling stockholder in the Registration Statement and the related prospectus. Accordingly, holders
and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling stockholder in the Registration Statement and the related prospectus.

 NOTICE 
 The
undersigned beneficial owner (the “Selling Stockholder”) of Registrable Securities hereby elects to include the Registrable Securities owned by it in the Registration Statement. 
 The undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate: 
 QUESTIONNAIRE 
  

	1.	Name. 

  

	 	(a)	Full Legal Name of Selling Stockholder 

  

	 	

  

	 	(b)	Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities are held: 

  

	 	

  

	 	(c)	Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to vote or dispose of the securities covered by
this Questionnaire): 

  

	 	

  

 22 

 2. Address for Notices to Selling Stockholder: 
  
  
  
  
  
  
  

	
	 Telephone:                                      
                                         
                                         
                                         
                                         
                                 

	 Fax:                                       
                                         
                                         
                                         
                                         
                                         
    

	 Contact
Person:                                        
                                         
                                         
                                         
                                         
                      

 3. Broker-Dealer Status: 
  

	 	(a)	Are you a broker-dealer? 

 Yes   ̈    No   ̈ 
  

	 	(b)	If “yes” to Section 3(a), did you receive your Registrable Securities as compensation for investment banking services to the Company? 

 Yes    ̈    No   ̈ 
  

	 	Note:	If “no” to Section 3(b), the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement.

  

	 	(c)	Are you an affiliate of a broker-dealer? 

 Yes   ̈    No   ̈ 
  

	 	(d)	If you are an affiliate of a broker-dealer, do you certify that you purchased the Registrable Securities in the ordinary course of business, and at the time of the purchase of the
Registrable Securities to be resold, you had no agreements or understandings, directly or indirectly, with any person to distribute the Registrable Securities? 

 Yes   ̈    No   ̈ 
  

	 	Note:	If “no” to Section 3(d), the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement.

  

 23 

 4. Beneficial Ownership of Securities of the Company Owned by the Selling Stockholder. 
 Except as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company other than
the securities issuable pursuant to the Purchase Agreement. 
  

	 	(a)	Type and Amount of other securities beneficially owned by the Selling Stockholder: 

  

	 	

  

	 	

  

	 	

 5. Relationships with the Company: 
 Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of
the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its predecessors or affiliates) during the past three years. 
 State any exceptions here: 
  

	 	

  

	 	

  

 24 

 The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the information
provided herein that may occur subsequent to the date hereof at any time while the Registration Statement remains effective. 
 By signing
below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or
supplements thereto. The undersigned understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration Statement and the related prospectus and any amendments or supplements
thereto. 
 IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and
delivered either in person or by its duly authorized agent. 
  

							
	Date:                      	 		 	Beneficial Owner:
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

 PLEASE FAX A COPY (OR EMAIL A .PDF COPY) OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN THE
ORIGINAL BY OVERNIGHT MAIL, TO: 
  

 25

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