Document:

Exhibit 4.3

 

 

TOPS HOLDING CORPORATION

and

 

TOPS MARKETS, LLC,

and the Guarantors from time to time parties hereto,

as Guarantors

and

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

and

U.S. BANK NATIONAL ASSOCIATION, 

as Collateral Agent

 

SECOND SUPPLEMENTAL INDENTURE

DATED AS OF FEBRUARY 12, 2010

 

 

 

SECOND SUPPLEMENTAL INDENTURE dated as of February 12,
2010 (this “Second Supplemental Indenture”),  among Tops Holdings Corporation, a
corporation organized under the laws of the State of Delaware, (the “Company”), Tops Markets, LLC, a New
York limited liability company (“Tops Markets”
and, together with the Company “the Issuers”)
the guarantors listed on the signature pages hereto (the “Guarantors”) and U.S. Bank National
Association, a national banking association duly organized and existing under
the laws of the United States of America, as Trustee (the “Trustee”)
and U.S. Bank National Association, a national banking association duly
organized and existing under the laws of the United States of America, as
Collateral Agent (the “Collateral
Agent”).

 

WHEREAS, the Issuers, the Guarantors, the Trustee
and the Collateral Agent have entered into an Indenture dated as of October 9,
2009 (the “Base Indenture”) in connection with the issuance
of $275,000,000 of the Issuers’ 10.125% Senior Secured Notes due 2015
(the “Outstanding 10.125% Notes”), which
Base Indenture  was
supplemented by a supplemental indenture dated as of January 29, 2010 (the
“First Supplemental Indenture”
and together with the Base Indenture, the “Indenture”) (capitalized terms used herein without
definition have the meanings given such terms in the Indenture);

 

WHEREAS, the Issuers and the Guarantors desire and
have requested that the Trustee and the Collateral Agent join them in the execution
and delivery of this Second Supplemental Indenture in order to establish and
provide for the issuance by the Issuers of an additional $75,000,000 aggregate
principal amount of 10.125% Senior Notes due 2015 (the “Additional 10.125% Notes”);

 

WHEREAS, Section 2.01(c) of the
Indenture provides for the issuance of Additional Notes and Section 9.01(9) of
the Indenture permits the Indenture to be amended or supplemented without the
consent of any Holders to provide for the issuance of Additional Notes;

 

WHEREAS, the Additional 10.125% Notes shall
constitute Additional Notes pursuant to the Indenture;

 

WHEREAS, the conditions set forth in the Indenture
for the execution and delivery of this Second Supplemental Indenture have been
complied with; and

 

WHEREAS, all things necessary to make this Second
Supplemental Indenture a valid supplement to the Indenture pursuant to its
terms and the terms of the Indenture have been done.

 

NOW, THEREFORE, the parties hereto agree as follows:

 

ARTICLE I

GENERAL TERMS AND CONDITIONS OF THE ADDITIONAL 10.125% NOTES.

 

SECTION 1.01.            DESIGNATION
OF NOTES.

 

Pursuant to this Second Supplemental Indenture,
there is hereby designated an additional $75,000,000 aggregate principal amount
of Additional Notes under the Indenture.

 

SECTION 1.02.            OTHER
TERMS OF THE NOTES.

 

(a)           The terms of the Additional
10.125% Notes shall be identical to the terms of the Outstanding 10.125%
Notes.  The Additional 10.125% Notes
shall initially be evidenced by a 144A Global Note substantially in the form of
Exhibit A to the Base Indenture and shall accrue interest from October 9,
2009 and have the same terms, including without limitation, the same maturity
date, interest rate, redemption 

 

 

and other provisions and interest payment
dates as the Outstanding 10.125% Notes, and will be part of the same series as
the Outstanding 10.125% Notes.

 

(b)           The
Additional 10.125%  Notes shall be
issued on February 12, 2010.

 

ARTICLE II

ADDITIONAL ISSUANCE OF ADDITIONAL 10.125% NOTES.

 

Additional 10.125% Notes in the aggregate principal
amount equal to $75,000,000 may, upon execution of this Second Supplemental
Indenture, be executed by the Issuers and delivered to the Trustee for
authentication, and the Trustee shall thereupon authenticate and make available
for delivery such Additional 10.125% Notes pursuant to Section 2.02
of the Indenture and Section 1.02 of this Second Supplemental
Indenture.

 

ARTICLE III

MISCELLANEOUS.

 

SECTION 3.01.            LEGENDS

 

Each Global Note
representing Additional 10.125% Notes shall bear the legends set forth in Section 2.06(g) of
the Indenture applicable to such Global Note.

 

SECTION 3.02.            GOVERNING LAW

 

THIS
SECOND SUPPLEMENTAL INDENTURE, THE NOTES AND ANY GUARANTEE WILL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL INDENTURE,
THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

SECTION 3.03.            EXECUTION
IN COUNTERPARTS

 

The parties hereto may sign
one or more copies of this Second Supplemental Indenture.  Each signed copy shall be an original, but
all of them together represent the same agreement.  Delivery of an executed counterpart of a
signature page to this Second Supplemental Indenture (including by
facsimile, email or other electronic means) shall be effective as delivery of a
manually executed counterpart of this Supplement Indenture.

 

SECTION 3.04.            HEADINGS

 

The section headings herein
are for convenience of reference only and shall not be deemed to alter or
affect the meaning or interpretation of any provisions hereof.

 

 [Signature pages follow.]

 

2

 

SIGNATURES

 

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

 

	
   

  	
   

  	
  TOPS
  HOLDING CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Gary Matthews

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Gary
  Matthews

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TOPS
  MARKETS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Frank Curci

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Frank
  Curci

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TOPS
  PT, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Frank Curci

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Frank
  Curci

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TOPS
  GIFT CARD COMPANY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Frank Curci

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Frank
  Curci

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President

  

 

S-1

 

	
   

  	
   

  	
  U.S.
  BANK NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Beverly A. Freeney

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Beverly
  A. Freeney

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  U.S.
  BANK NATIONAL ASSOCIATION, as Collateral Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Beverly A. Freeney

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Beverly
  A. Freeney

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Vice
  President

  

 

S-1Exhibit 4.4

 

EXECUTION VERSION

 

REGISTRATION RIGHTS AGREEMENT

 

by and among

 

Tops Holding Corporation,

Tops Markets, LLC

and the Guarantors party hereto

 

and

 

Morgan Stanley & Co. Incorporated

as the Representative of the several Initial Purchasers

 

Dated as of October 9, 2009

 

 

REGISTRATION RIGHTS
AGREEMENT

 

This Registration Rights Agreement (this “Agreement”)
is made and entered into as of October 9, 2009, by and among Tops Holding
Corporation, a Delaware corporation (the “Company”) and Tops Markets, LLC, a
New York limited liability company (“Tops Markets” and, together with the
Company, the “Issuers”), the Guarantors party hereto (collectively, the “Guarantors”),
and Morgan Stanley & Co. Incorporated (the “Representative”) as the
representative of the several initial purchasers (the “Initial Purchasers”)
listed on Schedule A to the Purchase Agreement (as defined below), each of whom
has agreed to purchase the Issuers’ 10.125% Senior Secured Notes due 2015 (the “Notes”)
which are fully and unconditionally guaranteed by the Guarantors (the “Guarantees”)
pursuant to the Purchase Agreement (as defined below).  The Notes and the Guarantees attached thereto
are herein collectively referred to as the “Securities.”

 

This Agreement is made pursuant to the Purchase
Agreement, dated October 1, 2009 (the “Purchase Agreement”), among the
Issuers, the Guarantors and the Representative on behalf of itself and each of
the other Initial Purchasers (i) for the benefit of the Initial Purchasers
and (ii) for the benefit of the holders from time to time of the Transfer
Restricted Securities, including the Initial Purchasers.  In order to induce the Initial Purchasers to
purchase the Securities, the Issuers have agreed to provide the Initial
Purchasers and the Market Maker (as defined below) the registration rights set
forth in this Agreement.  The execution
and delivery of this Agreement is a condition to the obligations of the Initial
Purchasers set forth in Section 5(f) of the Purchase Agreement.

 

The parties hereby agree as follows:

 

SECTION 1.             Definitions.  As used in this Agreement, the following
capitalized terms shall have the following meanings:

 

Additional Interest:  As defined in Section 5
hereof.

 

Advice:  As defined
in Section 6(c) hereof.

 

Agreement:  As defined
in the preamble hereof.

 

Broker-Dealer:  Any broker or
dealer registered under the Exchange Act.

 

Business Day:  Any day other than a Saturday, Sunday or U.S.
federal holiday or a day on which banking institutions or trust companies
located in New York, New York are authorized or obligated to be closed.

 

Closing Date:  The date of
this Agreement.

 

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

 

Company:  As defined in
the preamble hereof.

 

 

Consummate:  A registered
Exchange Offer shall be deemed “Consummated” for purposes of this Agreement
upon the occurrence of (i) the filing and effectiveness under the Securities
Act of the Exchange Offer Registration Statement relating to the Exchange
Securities to be issued in the Exchange Offer, (ii) the maintenance of
such Registration Statement continuously effective and the keeping of the
Exchange Offer open for a period not less than the minimum period required
pursuant to Section 3(b) hereof, and (iii) the delivery by the Issuers
to the Registrar under the Indenture of Exchange Securities in the same
aggregate principal amount as the aggregate principal amount of Transfer
Restricted Securities that were tendered by Holders thereof pursuant to the Exchange
Offer.

 

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

 

Exchange Date: As defined in Section 3 hereof.

 

Exchange Offer:  The
registration by the Issuers under the Securities Act of the Exchange Securities
pursuant to a Registration Statement pursuant to which the Issuers offer the
Holders of all outstanding Transfer Restricted Securities permitted under
applicable law and Commission policy to participate in such offer the
opportunity to exchange all such outstanding Transfer Restricted Securities
held by such Holders for Exchange Securities in an aggregate principal amount
equal to the aggregate principal amount of the Transfer Restricted Securities
tendered in such exchange offer by such Holders.

 

Exchange Offer Registration Statement:  The Registration Statement
relating to the Exchange Offer, including the related Prospectus.

 

Exchange Securities:  The 10.125%
Senior Secured Notes due 2015, of the same series under the Indenture as the
Notes and the Guarantees attached thereto, to be issued to Holders in exchange
for Transfer Restricted Securities pursuant to this Agreement.

 

FINRA: Financial Industry Regulatory Authority.

 

Guarantees:  As defined
in the preamble hereof.

 

Guarantors:  As defined
in the preamble hereof.

 

Holders:  As defined in Section 2(b) hereof.

 

Indemnified Holder:  As defined in Section 8(a) hereof.

 

Indenture:  The Indenture,
dated as of October 9, 2009, by and among the Issuers, the Guarantors and
U.S. Bank National Association, as trustee (the “Trustee”) and as collateral
agent (the “Collateral Agent”), pursuant to which the Securities are to be
issued, as such Indenture is amended or supplemented from time to time in accordance
with the terms thereof.

 

Initial Purchasers:  As defined in
the preamble hereof.

 

2

 

Initial Placement:  The issuance
and sale by the Issuers of the Securities to the Initial Purchasers pursuant to
the Purchase Agreement.

 

Issuer Indemnified Party:  As defined in Section 8(b) hereof.

 

Issuers:  As defined in
the preamble hereof.

 

“Market Maker”
shall have the meaning set forth in Annex A hereof.

 

“Market Maker’s
Information” shall have the meaning set forth in Annex A hereof.

 

“Market Making Registration
Statement” shall mean the registration statement referred to in
Annex A hereof and all amendments and supplements to any such registration
statement, including post-effective amendments, in each case including the
Prospectus contained therein or deemed a part thereof, all exhibits thereto and
any document incorporated by reference therein.

 

Person:  Any individual,
corporation, limited liability company, partnership, joint venture,
association, joint stock company, trust, unincorporated organization,
government or any agency or political subdivision thereof or any other entity.

 

Prospectus:  The prospectus
included in a Registration Statement, as amended or supplemented by any
prospectus supplement and by all other amendments thereto, including
post-effective amendments, and all material incorporated by reference into such
Prospectus.

 

Purchase Agreement:  As defined in
the preamble hereof.

 

Registration Default:  As defined in Section 5
hereof.

 

Registration Statement:  Any
registration statement of the Issuers 
relating to (a) an offering of Exchange Securities pursuant to an
Exchange Offer or (b) the registration for resale of Transfer Restricted
Securities pursuant to the Shelf Registration Statement, which is filed pursuant
to the provisions of this Agreement, including, without limitation, the Market
Making Registration Statement, in each case, including the Prospectus included
therein, all amendments and supplements thereto (including post-effective
amendments) and all exhibits and material incorporated by reference therein.

 

Securities:  As defined in
the preamble hereof.

 

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

 

Shelf Filing Deadline:  As defined in Section 4(a) hereof.

 

Shelf Registration Statement:  As defined in Section 4(a) hereof.

 

Tops Markets:  As defined in
the preamble hereof.

 

3

 

Trust Indenture Act:  The Trust
Indenture Act of 1939, as amended and the rules and regulations
promulgated thereunder.

 

Transfer Restricted Securities:  The Securities;
provided that the Securities shall cease
to be Transfer Restricted Securities on the earliest to occur of (i) the
date on which a Registration Statement with respect to such Securities has
become effective under the Securities Act and such Securities have been
exchanged or disposed of pursuant to such Registration Statement or (ii) the
date on which such Securities cease to be outstanding.

 

Underwritten Registration or Underwritten Offering:  A registration in which
securities of the Issuers are sold to an underwriter for reoffering to the
public.

 

SECTION 2.             Securities
Subject to this Agreement.

 

(a)           Transfer
Restricted Securities.  The securities
entitled to the benefits of this Agreement are the Transfer Restricted Securities.

 

(b)           Holders
of Transfer Restricted Securities.  A Person is
deemed to be a holder of Transfer Restricted Securities (each, a “Holder”)
whenever such Person owns Transfer Restricted Securities.

 

SECTION 3.             Registered
Exchange Offer.

 

(a)           Unless the Exchange
Offer shall not be permissible under applicable law or Commission policy (after
the procedures set forth in Section 6(a) hereof have been complied
with), each of the Issuers and the Guarantors shall use their reasonable best
efforts to (i) cause to be filed with the Commission, a Registration
Statement under the Securities Act relating to the Exchange Securities and the
Exchange Offer, (ii) cause such Registration Statement to become
effective, (iii) in connection with the foregoing, (A) file all pre-effective
amendments to such Registration Statement as may be necessary in order to cause
such Registration Statement to become effective, (B) if applicable, file a
post-effective amendment to such Registration Statement pursuant to Rule 430A
under the Securities Act and (C) cause all necessary filings in connection
with the registration and qualification of the Exchange Securities to be made
under the state securities or blue sky laws of such jurisdictions as are
necessary to permit Consummation of the Exchange Offer, and (iv) upon the
effectiveness of such Registration Statement, commence the Exchange Offer.  Each of the Issuers and the Guarantors shall
use their reasonable best efforts to Consummate the Exchange Offer not later
than 365 days following the Closing Date (or if such 365th day is not a
Business Day, the next succeeding Business Day) (the “Exchange Date”).  The Exchange Offer, if required pursuant to
this Section 3(a) shall be on the appropriate form permitting
registration of the Exchange Securities to be offered in exchange for the
Transfer Restricted Securities and to permit resales of Transfer Restricted
Securities held by Broker-Dealers as contemplated by Section 3(c) hereof.

 

(b)           If an Exchange
Offer Registration Statement is required to be filed and declared effective
pursuant to Section 3(a) above, the Issuers and the Guarantors shall
cause the Exchange Offer Registration Statement to be effective continuously
and shall keep the Exchange Offer open for a period of not less than the minimum
period required under applicable federal and state 

 

4

 

securities laws to Consummate the Exchange
Offer; provided, however, that in no event
shall such period be less than 20 Business Days after the date notice of the
Exchange Offer is mailed to the Holders. 
The Issuers shall cause the Exchange Offer to comply with all applicable
federal and state securities laws.  No
securities other than the Exchange Securities shall be included in the Exchange
Offer Registration Statement.  The
Issuers shall use their reasonable best efforts to cause the Exchange Offer to
be Consummated on or before the Exchange Date.

 

(c)           The Issuers
shall indicate in a “Plan of Distribution” section contained in the Prospectus
forming a part of the Exchange Offer Registration Statement that any
Broker-Dealer who holds Transfer Restricted Securities that were acquired for
its own account as a result of market-making activities or other trading
activities (other than Transfer Restricted Securities acquired directly from
the Issuers), may exchange such Transfer Restricted Securities pursuant to the
Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter”
within the meaning of the Securities Act and must, therefore, deliver a
prospectus meeting the requirements of the Securities Act in connection with
any resales of the Exchange Securities received by such Broker-Dealer in the
Exchange Offer, which prospectus delivery requirement may be satisfied by the
delivery by such Broker-Dealer of the Prospectus contained in the Exchange
Offer Registration Statement.  Such “Plan
of Distribution” section shall also contain all other information with respect
to such resales by Broker-Dealers that the Commission may require in order to
permit such resales pursuant thereto, but such “Plan of Distribution” shall not
name any such Broker-Dealer or disclose the amount of Transfer Restricted
Securities held by any such Broker-Dealer except to the extent required by the
Commission as a result of a change in policy after the date of this Agreement.

 

Each of the Issuers and the Guarantors shall use
their reasonable best efforts to keep the Exchange Offer Registration Statement
continuously effective, supplemented and amended as required by the provisions
of Section 6(c) hereof to the extent necessary to ensure that it is
available for resales of Transfer Restricted Securities acquired by
Broker-Dealers for their own accounts as a result of market-making activities
or other trading activities, and to ensure that it conforms with the requirements
of this Agreement, the Securities Act and the policies, rules and
regulations of the Commission as announced from time to time, for a period
ending on the earlier of (i) 180 days from the date on which the Exchange
Offer Registration Statement is declared effective and (ii) the date on
which a Broker-Dealer is no longer required to deliver a prospectus in
connection with market-making or other trading activities.

 

The Issuers shall provide sufficient copies of the
latest version of such Prospectus to Broker-Dealers promptly upon request at
any time during such 180-day (or shorter as provided in the foregoing sentence)
period in order to facilitate such resales.

 

(d)           The Issuers
also hereby agree to comply with the requirements set forth in Annex A hereof.

 

SECTION 4.             Shelf
Registration.

 

(a)           Shelf
Registration.  If (i) the
Issuers are not required to file an Exchange Offer Registration Statement or to
consummate the Exchange Offer solely because the Exchange Offer is not
permitted by applicable law or Commission policy (after the procedures set
forth in 

 

5

 

Section 6(a) hereof have been complied
with), (ii) for any reason the Exchange Offer is not Consummated by the
Exchange Date or (iii) prior to the Exchange Date:  (A) the Initial Purchasers request from
the Issuers with respect to Transfer Restricted Securities not eligible to be exchanged
for Exchange Securities in the Exchange Offer, (B) with respect to any
Holder of Transfer Restricted Securities such Holder notifies the Issuers that (i) such
Holder is prohibited by applicable law or Commission policy from participating
in the Exchange Offer, (ii) such Holder may not resell the Exchange
Securities acquired by it in the Exchange Offer to the public without
delivering a prospectus and that the Prospectus contained in the Exchange Offer
Registration Statement is not appropriate or available for such resales by such
Holder, or (iii) such Holder is a Broker-Dealer and holds Transfer Restricted
Securities acquired directly from the Issuers or one of their affiliates or (C) in
the case of the Initial Purchasers, the Initial Purchasers notify the Issuers
they will not receive Exchange Securities in exchange for Transfer Restricted
Securities constituting any portion of the Initial Purchasers’s unsold
allotment, the Issuers and the Guarantors shall

 

(x)           cause to be
filed a shelf registration statement pursuant to Rule 415 under the
Securities Act, which may be an amendment to the Exchange Offer Registration
Statement (in either event, the “Shelf Registration Statement”) as promptly as
practicable (such date being the “Shelf Filing Deadline”), which Shelf
Registration Statement shall provide for resales of all Transfer Restricted
Securities the Holders of which shall have provided the information required
pursuant to Section 4(b) hereof; and

 

(y)           use their
reasonable best efforts to cause such Shelf Registration Statement to be declared
effective by the Commission.

 

Each of the Issuers and the Guarantors shall use
their reasonable best efforts to keep such Shelf Registration Statement
continuously effective, supplemented and amended as required by the provisions
of Sections 6(b) and (c) hereof to the extent necessary to ensure
that it is available for resales of Transfer Restricted Securities by the
Holders of such Securities entitled to the benefit of this Section 4(a),
and to ensure that it conforms with the requirements of this Agreement, the
Securities Act and the policies, rules and regulations of the Commission
as announced from time to time, from the date on which the Shelf Registration
Statement is declared effective by the Commission until the expiration of the
two-year period after the Closing Date (or shorter period that will terminate
when all the Transfer Restricted Securities covered by such Shelf Registration
Statement have been sold pursuant to such Shelf Registration Statement; provided that the Issuers may for a period of up to 60 days
in any three-month period, not to exceed 90 days in any calendar year determine
that the Shelf Registration Statement is not usable under certain circumstances
relating to corporate developments, public filings with the Commission and
similar events, and suspend the use of the prospectus that is part of the Shelf
Registration Statement).

 

(b)           Provision
by Holders of Certain Information in Connection with the Shelf Registration
Statement.  No Holder of
Transfer Restricted Securities may include any of its Transfer Restricted Securities
in any Shelf Registration Statement pursuant to this Agreement unless and until
such Holder furnishes to the Issuers in writing, within 20 Business Days after
receipt of a request therefor, such information as the Issuers may reasonably
request for use in connection with any Shelf Registration Statement or
Prospectus or preliminary Prospectus included therein.  

 

6

 

Each Holder as to which any Shelf
Registration Statement is being effected agrees to furnish promptly to the
Issuers all information required to be disclosed in order to make the
information previously furnished to the Issuers by such Holder not materially
misleading.

 

SECTION 5.             Additional
Interest.  If (i) the
Exchange Offer has not been Consummated by the Exchange Date, (ii) any
Shelf Registration Statement, if required hereby, has not been declared
effective by the Commission 120 days after any obligation to file a shelf
registration statement arises or (iii) any Registration Statement required
by this Agreement has been declared effective but ceases to be effective at any
time at which it is required to be effective under this Agreement (each such
event referred to in clauses (i) through (iii), a “Registration Default”),
the Issuers hereby agree that the interest rate borne by the Transfer
Restricted Securities shall be increased by 0.25% per annum during the 90-day
period immediately following the occurrence of any Registration Default and
shall increase by 0.25% per annum at the end of each subsequent 90-day period
(such increase, “Additional Interest”), but in no event shall such increase
exceed 1.00% per annum.  At the earlier
of (i) the cure of all Registration Defaults relating to the particular
Transfer Restricted Securities or (ii) the second anniversary of the
Closing Date, the interest rate borne by the relevant Transfer Restricted
Securities will be reduced to the original interest rate borne by such Transfer
Restricted Securities; provided, however,
that, if after any such reduction in interest rate, a different Registration
Default occurs, the interest rate borne by the relevant Transfer Restricted
Securities shall again be increased pursuant to the foregoing provisions.

 

All obligations of the Issuers and the Guarantors
set forth in the preceding paragraph that are outstanding with respect to any
Transfer Restricted Security at the time such security ceases to be a Transfer
Restricted Security shall survive until such time as all such obligations with
respect to such security shall have been satisfied in full.

 

SECTION 6.             Registration
Procedures.

 

(a)           Exchange
Offer Registration Statement.  In connection
with the Exchange Offer, if required pursuant to Section 3(a) hereof,
the Issuers and the Guarantors shall comply with all of the provisions of Section 6(c) hereof,
shall use their reasonable best efforts to effect such exchange to permit the
sale of Transfer Restricted Securities being sold in accordance with the intended
method or methods of distribution thereof, and shall comply with all of the
following provisions:

 

(i)            If in the reasonable opinion
of counsel to the Issuers there is a question as to whether the Exchange Offer
is permitted by applicable law, each of the Issuers and the Guarantors hereby
agree to seek a no-action letter or other favorable decision from the
Commission allowing the Issuers and the Guarantors to Consummate an Exchange
Offer for such Transfer Restricted Securities. 
Each of the Issuers and the Guarantors hereby agree to pursue the
issuance of such a decision to the Commission staff level but shall not be
required to take commercially unreasonable action to effect a change of
Commission policy.  Each of the Issuers
and the Guarantors hereby agree, however, to (A) participate in telephonic
conferences with the Commission, (B) deliver to the Commission staff an
analysis prepared by counsel to the Issuers setting forth the legal bases, if
any, upon 

 

7

 

which
such counsel has concluded that such an Exchange Offer should be permitted and (C) diligently
pursue a favorable resolution by the Commission staff of such submission.

 

(ii)           As a condition to its
participation in the Exchange Offer pursuant to the terms of this Agreement,
each Holder of Transfer Restricted Securities shall furnish, upon the request
of the Issuers, prior to the Consummation thereof, a written representation to
the Issuers (which may be contained in the letter of transmittal contemplated
by the Exchange Offer Registration Statement) to the effect that (A) it is
not an affiliate of the Issuers, (B) it is not engaged in, and does not
intend to engage in, and has no arrangement or understanding with any Person to
participate in, a distribution of the Exchange Securities to be issued in the
Exchange Offer and (C) it is acquiring the Exchange Securities in its
ordinary course of business.  In
addition, all such Holders of Transfer Restricted Securities shall otherwise
cooperate in the Issuers’ preparations for the Exchange Offer.  Each Holder hereby acknowledges and agrees
that any Broker-Dealer and any such Holder using the Exchange Offer to
participate in a distribution of the securities to be acquired in the Exchange
Offer (1) could not under Commission policy as in effect on the date of
this Agreement rely on the position of the Commission enunciated in Morgan
Stanley and Co., Inc. (available June 5, 1991) and Exxon
Capital Holdings Corporation (available May 13, 1988), as interpreted
in the Commission’s letter to Shearman & Sterling dated July 2, 1993,
and similar no-action letters (which may include any no-action letter obtained
pursuant to clause (i) above), and (2) must comply with the
registration and prospectus delivery requirements of the Securities Act in
connection with a secondary resale transaction and that such a secondary resale
transaction should be covered by an effective registration statement containing
the selling security holder information required by Item 507 or 508, as
applicable, of Regulation S-K if the resales are of Exchange Securities obtained
by such Holder in exchange for Transfer Restricted Securities acquired by such
Holder directly from the Issuers.

 

(b)           Shelf
Registration Statement.  If required
pursuant to Section 4, in connection with the Shelf Registration
Statement, each of the Issuers and the Guarantors shall comply with all the
provisions of Section 6(c) hereof and shall use their reasonable best
efforts to effect such registration to permit the sale of the Transfer
Restricted Securities being sold in accordance with the intended method or
methods of distribution thereof, and pursuant thereto each of the Issuers and
the Guarantors will as expeditiously as possible prepare and file with the
Commission a Registration Statement relating to the registration on any appropriate
form under the Securities Act, which form shall be available for the sale of
the Transfer Restricted Securities in accordance with the intended method or
methods of distribution thereof.

 

(c)           General
Provisions.  In connection
with any Registration Statement and any Prospectus required by this Agreement
to permit the sale or resale of Transfer Restricted Securities (including,
without limitation, any Registration Statement and the related Prospectus required
to permit resales of Transfer Restricted Securities by Broker-Dealers), each of
the Issuers and the Guarantors shall:

 

(i)            use their reasonable best
efforts to keep such Registration Statement continuously effective and provide
all requisite financial statements (including, if required by 

 

8

 

the
Securities Act or any regulation thereunder, financial statements of the
Guarantors) for the period specified in Section 3 or 4 hereof, as
applicable; upon the occurrence of any event that would cause any such
Registration Statement or the Prospectus contained therein (A) to contain
a material misstatement or omission or (B) not to be effective and usable
for resale of Transfer Restricted Securities during the period required by this
Agreement, the Issuers shall file promptly an appropriate amendment to such
Registration Statement, in the case of clause (A), correcting any such
misstatement or omission, and, in the case of either clause (A) or (B),
use their reasonable best efforts to cause such amendment to be declared
effective and such Registration Statement and the related Prospectus to become
usable for their intended purpose(s) as soon as practicable thereafter;

 

(ii)           use their reasonable best
efforts to prepare and file with the Commission such amendments and
post-effective amendments to the applicable Registration Statement as may be
necessary to keep the Registration Statement effective for the applicable
period set forth in Section 3 or 4 hereof, as applicable, or such shorter
period as will terminate when all Transfer Restricted Securities covered by
such Registration Statement have been sold; cause the Prospectus to be
supplemented by any required Prospectus supplement, and as so supplemented to
be filed pursuant to Rule 424 under the Securities Act, and to comply
fully with the applicable provisions of Rules 424 and 430A under the
Securities Act in a timely manner; and comply with the provisions of the
Securities Act with respect to the disposition of all securities covered by
such Registration Statement during the applicable period in accordance with the
intended method or methods of distribution by the sellers thereof set forth in
such Registration Statement or supplement to the Prospectus;

 

(iii)          advise the underwriter(s),
if any, and selling Holders promptly and, if requested by such Persons, to
confirm such advice in writing, (A) when the Prospectus or any Prospectus
supplement or post-effective amendment has been filed, and, with respect to any
Registration Statement or any post-effective amendment thereto, when the same
has become effective, (B) of any request by the Commission for amendments
to the Registration Statement or amendments or supplements to the Prospectus or
for additional information relating thereto, (C) of the issuance by the
Commission of any stop order suspending the effectiveness of the Registration
Statement under the Securities Act or of the suspension by any state securities
commission of the qualification of the Transfer Restricted Securities for
offering or sale in any jurisdiction, or the initiation of any proceeding for
any of the preceding purposes, (D) of the existence of any fact or the
happening of any event that makes any statement of a material fact made in the
Registration Statement, the Prospectus, any amendment or supplement thereto, or
any document incorporated by reference therein untrue, or that requires the
making of any additions to or changes in the Registration Statement or the
Prospectus in order to make the statements therein not misleading.  If at any time the Commission shall issue any
stop order suspending the effectiveness of the Registration Statement, or any
state securities commission or other regulatory authority shall issue an order
suspending the qualification or exemption from qualification of the Transfer
Restricted Securities under state securities or blue sky laws, each of the
Issuers and the Guarantors shall use their reasonable best efforts to obtain
the withdrawal or lifting of such order at the earliest possible time;

 

9

 

 

(iv)          furnish without charge to
the Initial Purchasers, each selling Holder named in any Registration
Statement, and each of the underwriter(s), if any, before filing with the
Commission, copies of any Registration Statement or any Prospectus included
therein or any amendments or supplements to any such Registration Statement or
Prospectus (including all documents incorporated by reference after the initial
filing of such Registration Statement), which documents will be subject to the
review and comment of such Holders and underwriter(s) in connection with
such sale, if any, for a period of at least five Business Days, and the Issuers
will not file any such Registration Statement or Prospectus or any amendment or
supplement to any such Registration Statement or Prospectus (including all such
documents incorporated by reference) to which the Initial Purchasers of
Transfer Restricted Securities covered by such Registration Statement or the underwriter(s),
if any, shall reasonably object in writing within five Business Days after the
receipt thereof (such objection to be deemed timely made upon confirmation of
telecopy transmission within such period). 
The objection of the Initial Purchasers or underwriters, if any, shall be
deemed to be reasonable if such Registration Statement, amendment, Prospectus
or supplement, as applicable, as proposed to be filed, contains a material misstatement
or omission;

 

(v)           promptly prior to the filing
of any document that is to be incorporated by reference into a Registration
Statement or Prospectus, provide copies of such document to the Initial
Purchasers, each selling Holder named in any Registration Statement, and to the
underwriter(s), if any, make the Issuers’ and the Guarantors’ representatives
available for discussion of such document and other customary due diligence
matters, and include such information in such document prior to the filing
thereof as such selling Holders or underwriter(s), if any, reasonably may request;

 

(vi)          make available at reasonable
times for inspection by the Initial Purchasers, the managing underwriter(s), if
any, participating in any disposition pursuant to such Registration Statement
and any attorney or accountant retained by the Initial Purchasers or any of the
underwriter(s), all financial and other records, pertinent corporate documents
and properties of each of the Issuers and the Guarantors and cause the Issuers’
and the Guarantors’ officers, directors and employees to supply all information
reasonably requested by any such Holder, underwriter, attorney or accountant in
connection with such Registration Statement or any post-effective amendment
thereto subsequent to the filing thereof and prior to its effectiveness and to
participate in meetings with investors to the extent requested by the managing
underwriter(s), if any;

 

(vii)         if requested by any selling
Holders or the underwriter(s), if any, promptly incorporate in any Registration
Statement or Prospectus, pursuant to a supplement or post-effective amendment
if necessary, such information as such selling Holders and underwriter(s), if
any, may reasonably request to have included therein, including, without
limitation, information relating to the “Plan of Distribution” of the Transfer
Restricted Securities, information with respect to the principal amount of
Transfer Restricted Securities being sold to such underwriter(s), the purchase
price being paid therefor and any other terms of the offering of the Transfer
Restricted Securities to be sold in such offering; and make all required
filings of such Prospectus supplement or post-effective 

 

10

 

amendment
as soon as practicable after the Issuers are notified of the matters to be incorporated
in such Prospectus supplement or post-effective amendment;

 

(viii)        cause the Transfer
Restricted Securities covered by the Registration Statement to be rated with
the appropriate rating agencies, if so requested by the Holders of a majority
in aggregate principal amount of securities covered thereby or the underwriter(s),
if any;

 

(ix)          furnish to the Initial
Purchasers, each selling Holder and each of the underwriter(s), if any, without
charge, at least one copy of the Registration Statement, as first filed with
the Commission, and of each amendment thereto, including financial statements
and schedules, all documents incorporated by reference therein and all exhibits
(including exhibits incorporated therein by reference);

 

(x)           deliver to each selling
Holder and each of the underwriter(s), if any, without charge, as many copies
of the Prospectus (including each preliminary prospectus) and any amendment or
supplement thereto as such Persons reasonably may request; each of the Issuers
and the Guarantors hereby consent to the use of the Prospectus and any amendment
or supplement thereto by each of the selling Holders and each of the underwriter(s),
if any, in connection with the offering and the sale of the Transfer Restricted
Securities covered by the Prospectus or any amendment or supplement thereto;

 

(xi)          enter into such agreements
(including an underwriting agreement), and make such representations and
warranties, and take all such other actions in connection therewith in order to
expedite or facilitate the disposition of the Transfer Restricted Securities
pursuant to any Registration Statement contemplated by this Agreement, all to
such extent as may be requested by the Initial Purchasers or by any Holder of
Transfer Restricted Securities or underwriter in connection with any sale or
resale pursuant to any Registration Statement contemplated by this Agreement;
and whether or not an underwriting agreement is entered into and whether or not
the registration is an Underwritten Registration, each of the Issuers and the
Guarantors shall:

 

(A)          furnish to the Initial Purchasers,
each selling Holder and each underwriter, if any, in such substance and scope
as they may request and as are customarily made by issuers to underwriters in
primary underwritten offerings, upon the date of the Consummation of the
Exchange Offer or, if applicable, the effectiveness of the Shelf Registration
Statement:

 

(1)           a certificate, dated the
date of Consummation of the Exchange Offer or the date of effectiveness of the
Shelf Registration Statement, as the case may be, signed by (y) the
President or any Vice President and (z) a principal financial or
accounting officer of each of the Issuers and the Guarantors, confirming, as of
the date thereof, the matters set forth in paragraphs (i), (ii) and (iii) of
Section 5(e) of the Purchase Agreement and such other matters as such
parties may reasonably request;

 

11

 

(2)           an opinion, dated the date
of Consummation of the Exchange Offer or the date of effectiveness of the Shelf
Registration Statement, as the case may be, of counsel for the Issuers and the
Guarantors, covering the matters set forth in Section 5(c) of the
Purchase Agreement and such other matters as such parties may reasonably
request, and in any event including a statement to the effect that such counsel
has participated in conferences with officers and other representatives of the
Issuers and the Guarantors, representatives of the independent public
accountants for the Issuers and the Guarantors, representatives of the
underwriter(s), if any, and counsel to the underwriter(s), if any, in
connection with the preparation of such Registration Statement and the related
Prospectus and have considered the matters required to be stated therein and
the statements contained therein, although such counsel has not independently
verified the accuracy, completeness or fairness of such statements; and that
such counsel advises that, on the basis of the foregoing, no facts came to such
counsel’s attention that caused such counsel to believe that the applicable Registration
Statement, at the time such Registration Statement or any post-effective
amendment thereto became effective, and, in the case of the Exchange Offer
Registration Statement, as of the date of Consummation, contained an untrue
statement of a material fact or omitted to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, or
that the Prospectus contained in such Registration Statement as of its date
and, in the case of the opinion dated the date of Consummation of the Exchange
Offer, as of the date of Consummation, contained an untrue statement of a
material fact or omitted to state a material fact necessary in order to make
the statements therein not misleading. 
Without limiting the foregoing, such counsel may state further that such
counsel assumes no responsibility for, and has not independently verified, the
accuracy, completeness or fairness of the financial statements, notes and
schedules and other financial data included in any Registration Statement
contemplated by this Agreement or the related Prospectus; and

 

(3)           a customary comfort letter,
dated the date of effectiveness of the Shelf Registration Statement, from the
Issuers’ independent accountants, in the customary form and covering matters of
the type customarily requested to be covered in comfort letters by underwriters
in connection with primary underwritten offerings, and covering or affirming
the matters set forth in the comfort letters delivered pursuant to Section 5(a) of
the Purchase Agreement, without exception;

 

(B)          set forth in full or
incorporate by reference in the underwriting agreement, if any, the
indemnification provisions and procedures of Section 8 hereof with respect
to all parties to be indemnified pursuant to said Section; and

 

12

 

(C)          deliver such other documents
and certificates as may be reasonably requested by such parties to evidence
compliance with Section 6(c)(xi)(A) hereof and with any customary
conditions contained in the underwriting agreement or other agreement entered
into by the Issuers or any of the Guarantors pursuant to this Section 6(c)(xi),
if any.

 

If at any time the representations and
warranties of the Issuers and the Guarantors contemplated in Section 6(c)(xi)(A)(1) hereof
cease to be true and correct, the Issuers or the Guarantors shall so advise the
Initial Purchasers and the underwriters, if any, and each selling Holder
promptly and, if requested by such Persons, shall confirm such advice in writing;

 

(xii)         prior to any public offering
of Transfer Restricted Securities, cooperate with the selling Holders, the
underwriter(s), if any, and their respective counsel in connection with the
registration and qualification of the Transfer Restricted Securities under the
state securities or blue sky laws of such jurisdictions as the selling Holders
or underwriter(s), if any, may request and do any and all other acts or things
necessary or advisable to enable the disposition in such jurisdictions of the
Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however, that none of the Issuers or the
Guarantors shall be required to register or qualify as a foreign corporation
where it is not then so qualified or to take any action that would subject it
to the service of process in suits or to taxation, other than as to matters and
transactions relating to the Registration Statement, in any jurisdiction where
it is not then so subject;

 

(xiii)        shall issue, upon the
request of any Holder of Transfer Restricted Securities covered by the Shelf
Registration Statement, Exchange Securities having an aggregate principal
amount equal to the aggregate principal amount of Transfer Restricted
Securities surrendered to the Issuers by such Holder in exchange therefor or being
sold by such Holder; such Exchange Securities to be registered in the name of
such Holder or in the name of the purchaser(s) of such Securities, as the
case may be; in return, the Transfer Restricted Securities held by such Holder
shall be surrendered to the Issuers for cancellation;

 

(xiv)        cooperate with the selling
Holders and the underwriter(s), if any, to facilitate the timely preparation
and delivery of certificates representing Transfer Restricted Securities to be
sold and not bearing any restrictive legends; and enable such Transfer
Restricted Securities to be in such denominations and registered in such names
as the Holders or the underwriter(s), if any, may request at least two Business
Days prior to any sale of Transfer Restricted Securities made by such Holders
or underwriter(s);

 

(xv)         use their reasonable best
efforts to cause the Transfer Restricted Securities covered by the Registration
Statement to be registered with or approved by such other governmental agencies
or authorities as may be necessary to enable the seller or sellers thereof or
the underwriter(s), if any, to consummate the disposition of such Transfer Restricted
Securities, subject to the proviso contained in Section 6(c)(xii) hereof;

 

13

 

(xvi)        if any fact or event
contemplated by Section 6(c)(iii)(D) hereof shall exist or have
occurred, prepare a supplement or post-effective amendment to the Registration
Statement or related Prospectus or any document incorporated therein by
reference or file any other required document so that, as thereafter delivered
to the purchasers of Transfer Restricted Securities, the Prospectus will not
contain an untrue statement of a material fact or omit to state any material fact
necessary in order to make the statements therein not misleading;

 

(xvii)       provide a CUSIP number for
all Securities not later than the effective date of the Registration Statement
covering such Securities and provide the Trustee under the Indenture with
printed certificates for such Securities which are in a form eligible for deposit
with the Depository Trust Company and take all other action necessary to ensure
that all such Securities are eligible for deposit with the Depository Trust Company;

 

(xviii)      cooperate and assist in any
filings required to be made with FINRA and in the performance of any due
diligence investigation by any underwriter (including any “qualified
independent underwriter”) that is required to be retained in accordance with
the rules and regulations of FINRA;

 

(xix)        otherwise use their
reasonable best efforts to comply with all applicable rules and
regulations of the Commission, and make generally available to their security
holders, as soon as practicable, a consolidated earnings statement meeting the
requirements of Rule 158 of the Securities Act (which need not be audited)
for the twelve-month period (A) commencing at the end of any fiscal
quarter in which Transfer Restricted Securities are sold to underwriters in a
firm commitment or best efforts Underwritten Offering or (B) if not sold
to underwriters in such an offering, beginning with the first month of the
Issuers’ first fiscal quarter commencing after the effective date of the
Registration Statement;

 

(xx)         cause the Indenture to be
qualified under the Trust Indenture Act not later than the effective date of
the first Registration Statement required by this Agreement, and, in connection
therewith, cooperate with the Trustee and the Holders of Securities to effect
such changes to the Indenture as may be required for such Indenture to be so
qualified in accordance with the terms of the Trust Indenture Act; and to execute
and use their reasonable best efforts to cause the Trustee to execute, all
documents that may be required to effect such changes and all other forms and
documents required to be filed with the Commission to enable such Indenture to
be so qualified in a timely manner;

 

(xxi)        cause all Securities covered
by the Registration Statement to be listed on each securities exchange or
automated quotation system on which similar securities issued by the Issuers
are then listed if requested by the Holders of a majority in aggregate
principal amount of Securities or the managing underwriter(s), if any; and

 

(xxii)       provide promptly to each
Holder upon request each document filed with the Commission pursuant to the
requirements of Section 13 and Section 15 of the Exchange Act.

 

14

 

Each Holder agrees by acquisition of a Transfer
Restricted Security that, upon receipt of any notice from the Issuers of the
existence of any fact of the kind described in Section 6(c)(iii)(D) hereof,
such Holder will forthwith discontinue disposition of Transfer Restricted Securities
pursuant to the applicable Registration Statement until such Holder’s receipt
of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi)
hereof, or until it is advised in writing (the “Advice”) by the Issuers that
the use of the Prospectus may be resumed, and has received copies of any
additional or supplemental filings that are incorporated by reference in the
Prospectus.  If so directed by the
Issuers, each Holder will deliver to the Issuers (at the Issuers’ expense) all
copies, other than permanent file copies then in such Holder’s possession, of
the Prospectus covering such Transfer Restricted Securities that was current at
the time of receipt of such notice.  In
the event the Issuers shall give any such notice, the time period regarding the
effectiveness of such Registration Statement set forth in Section 3 or 4
hereof, as applicable, shall be extended by the number of days during the
period from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof
to and including the date when each selling Holder covered by such Registration
Statement shall have received the copies of the supplemented or amended Prospectus
contemplated by Section 6(c)(xvi) hereof or shall have received the
Advice; provided, however, that
no such extension shall be taken into account in determining whether Additional
Interest is due pursuant to Section 5 hereof or the amount of such
Additional Interest, it being agreed that the Issuers’ option to suspend use of
a Registration Statement pursuant to this paragraph shall be treated as a
Registration Default for purposes of Section 5 hereof.

 

SECTION 7.             Registration
Expenses.

 

(a)           All expenses
incident to the Issuers’ and the Guarantors’ performance of or compliance with
this Agreement will be borne by the Issuers and the Guarantors, jointly and
severally, regardless of whether a Registration Statement becomes effective,
including, without limitation: (i) all registration and filing fees and
expenses (including filings made by the Initial Purchasers or Holder with FINRA
(and, if applicable, the fees and expenses of any “qualified independent
underwriter” and its counsel that may be required by the rules and regulations
of FINRA)); (ii) all fees and expenses of compliance with federal
securities and state securities or blue sky laws; (iii) all expenses of
printing (including printing certificates for the Exchange Securities to be
issued in the Exchange Offer and printing of Prospectuses), messenger and
delivery services and telephone; (iv) all fees and disbursements of
counsel for the Issuers, the Guarantors and, subject to Section 7(b) hereof,
the Holders of Transfer Restricted Securities; (v) all application and
filing fees, if applicable, in connection with listing the Exchange Securities
on a securities exchange or automated quotation system pursuant to the
requirements thereof; (vi) all reasonable fees and disbursements of
counsel for the Market Maker; and (vi) all fees and disbursements of
independent certified public accountants of the Issuers and the Guarantors
(including the expenses of any special audit and comfort letters required by or
incident to such performance).

 

Each of the Issuers and the Guarantors will, in any
event, bear their internal expenses (including, without limitation, all salaries
and expenses of their officers and employees performing legal or accounting
duties), the expenses of any annual audit and the fees and expenses of any Person,
including special experts, retained by the Issuers or the Guarantors.

 

15

 

(b)           In connection
with any Registration Statement required by this Agreement (including, without
limitation, the Exchange Offer Registration Statement and the Shelf Registration
Statement), the Issuers and the Guarantors, jointly and severally, will
reimburse the Initial Purchasers and the Holders of Transfer Restricted
Securities being tendered in the Exchange Offer and/or resold pursuant to the “Plan
of Distribution” contained in the Exchange Offer Registration Statement or
registered pursuant to the Shelf Registration Statement, as applicable, for the
reasonable fees and disbursements of not more than one counsel, who shall be
Cahill Gordon & Reindel LLP or such other counsel as may be chosen by
the Holders of a majority in principal amount of the Transfer Restricted
Securities for whose benefit such Registration Statement is being prepared.

 

SECTION 8.             Indemnification.

 

(a)           The Issuers and
the Guarantors, jointly and severally, agree to indemnify and hold harmless (A) (i) each
Holder, (ii) each Person, if any, who controls (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) any Holder (any
of the Persons referred to in this clause (ii) being hereinafter referred
to as a “controlling person”), (iii) the respective officers, directors,
partners, employees, representatives and agents of any Holder or any
controlling person and (iv) the Market Maker (any Person referred to in
clause (i), (ii), (iii) or (iv) may hereinafter be referred to as an “Indemnified
Holder”), to the fullest extent lawful, from and against any and all losses,
claims, damages, liabilities, judgments, actions and expenses (including,
without limitation, and as incurred, reimbursement of all reasonable costs of
investigating, preparing, pursuing, settling, compromising, paying or defending
any claim or action, or any investigation or proceeding by any governmental
agency or body, commenced or threatened, including the reasonable fees and
expenses of counsel to any Indemnified Holder), joint or several, directly or
indirectly caused by, related to, based upon, arising out of or in connection
with any untrue statement or alleged untrue statement of a material fact
contained in any Registration Statement or Prospectus (or any amendment or
supplement thereto), or any omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading, except insofar as such losses, claims, damages,
liabilities or expenses are caused by an untrue statement or omission or
alleged untrue statement or omission that is made in reliance upon and in
conformity with information relating to any of the Holders or the Market Maker
furnished in writing to the Issuers by any of the Holders or the Market Maker
expressly for use therein and (B) the Market Maker from and against any
and all losses, claims, damages and liabilities (including, without limitation,
legal fees and other expenses incurred in connection with any suit, action or
proceeding or any claim asserted, as such fees and expenses are incurred), that
arise out of, or are based upon, any breach by the Issuers of their representations,
warranties and agreements contained in Annex A hereof.  This indemnity agreement shall be in addition
to any liability which the Issuers or any of the Guarantors may otherwise have.

 

In case any action or proceeding (including any
governmental or regulatory investigation or proceeding) shall be brought or
asserted against any of the Indemnified Holders with respect to which indemnity
may be sought against the Issuers or the Guarantors, such Indemnified Holder
(or the Indemnified Holder controlled by such controlling person) shall
promptly notify the Issuers and the Guarantors in writing; provided,
however, that the failure to give such notice 

 

16

 

shall not relieve any of the
Issuers or the Guarantors of their obligations pursuant to this Agreement.  Such Indemnified Holder shall have the right
to employ its own counsel in any such action and the fees and expenses of such
counsel shall be paid, as incurred, by the Issuers and the Guarantors
(regardless of whether it is ultimately determined that an Indemnified Holder
is not entitled to indemnification hereunder). 
The Issuers and the Guarantors shall not, in connection with any one
such action or proceeding or separate but substantially similar or related actions
or proceedings in the same jurisdiction arising out of the same general allegations
or circumstances, be liable for the reasonable fees and expenses of more than
one separate firm of attorneys (in addition to any local counsel) at any time
for such Indemnified Holders.  Any such
firm (x) for the Market Maker, its affiliates, directors and officers and
any control Persons of the Market Maker shall be designated by the
Representative and (y) for each Holder, any controlling person or the respective
officers, directors, partners, employees, representatives and agents of any
Holder or any controlling person shall be designated by the Holders.  The Issuers and the Guarantors shall be
liable for any settlement of any such action or proceeding effected with the
Issuers’ and the Guarantors’ prior written consent, which consent shall not be
withheld unreasonably, and each of the Issuers and the Guarantors agrees to
indemnify and hold harmless any Indemnified Holder from and against any loss,
claim, damage, liability or expense by reason of any settlement of any action
effected with the written consent of the Issuers and the Guarantors.  The Issuers and the Guarantors shall not,
without the prior written consent of each Indemnified Holder, settle or
compromise or consent to the entry of judgment in or otherwise seek to
terminate any pending or threatened action, claim, litigation or proceeding in
respect of which indemnification or contribution may be sought hereunder
(whether or not any Indemnified Holder is a party thereto), unless such
settlement, compromise, consent or termination includes an unconditional
release of each Indemnified Holder from all liability arising out of such
action, claim, litigation or proceeding.

 

(b)           Each Holder of
Transfer Restricted Securities agrees, severally and not jointly, to indemnify
and hold harmless (i) the Issuers, the Guarantors and their respective
directors, officers of each of the Issuers and the Guarantors who sign a
Registration Statement, and (ii) any Person controlling (within the
meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) the Issuers or any of the Guarantors, and the respective
officers, directors, partners, employees, representatives and agents of each
such Person (any Person referred to in clause (i) or (ii) may
hereinafter be referred to as an “Issuer Indemnified Party”), to the same
extent as the foregoing indemnity from the Issuers and the Guarantors to each
of the Indemnified Holders, but only with respect to claims and actions based
on information relating to such Holder furnished in writing by such Holder
expressly for use in any Registration Statement.  In case any action or proceeding shall be
brought against an Issuer Indemnified Party in respect of which indemnity may
be sought against a Holder of Transfer Restricted Securities, such Holder shall
have the rights and duties given the Issuers and the Guarantors, and the Issuer
Indemnified Party shall have the rights and duties given to each Holder by the
preceding paragraph.

 

(c)           The Market
Maker Agrees to indemnify and hold harmless (i) the Issuers, the
Guarantors and their respective directors, officers of each of the Issuers and
the Guarantors who sign the Market Making Registration Statement, and (ii) any
Person controlling (within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act) the Issuers or any of the Guarantors,
and the respective officers, directors, partners, employees, representatives
and agents of each such Person (any Person referred to in clause (i) or (ii) may
hereinafter be 

 

17

 

referred to as an “Issuer Indemnified Party”),
to the same extent as the foregoing indemnity from the Issuers and the
Guarantors to each of the Indemnified Holders, but only with respect to claims
and actions based on information relating to the Market Maker furnished in
writing by the Market Maker expressly for use in the Market Making Registration
Statement and any Prospectus.  In case
any action or proceeding shall be brought against an Issuer Indemnified Party
in respect of which indemnity may be sought against the Market Maker, the
Market Maker shall have the rights and duties given the Issuers and the
Guarantors, and the Issuer Indemnified Party shall have the rights and duties
given to the Market Maker under Section 8(a) hereof.

 

(d)           If the
indemnification provided for in this Section 8 is unavailable to an indemnified
party under Section 8(a) (b) or (c) hereof (other than by
reason of exceptions provided in those Sections) in respect of any losses,
claims, damages, liabilities, judgments, actions or expenses referred to
therein, then each applicable indemnifying party, in lieu of indemnifying such
indemnified party, shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages, liabilities,
judgments or expenses in such proportion as is appropriate to reflect the
relative benefits received by the Issuers and the Guarantors, on the one hand,
and the Holders or the Market Maker, on the other hand, from the Initial
Placement (which in the case of the Issuers and the Guarantors shall be deemed
to be equal to the total gross proceeds to the Issuers and the Guarantors from
the Initial Placement), the amount of Additional Interest which did not become
payable as a result of the filing of the Registration Statement resulting in
such losses, claims, damages, liabilities, judgments, actions or expenses, and
such Registration Statement, or if such allocation is not permitted by applicable
law, the relative fault of the Issuers and the Guarantors, on the one hand, and
the Holders or the Market Maker, on the other hand, in connection with the
statements or omissions which resulted in such losses, claims, damages, liabilities
or expenses, as well as any other relevant equitable considerations.  The relative fault of the Issuers and the
Guarantors on the one hand and of the Holders or the Market Maker on the other
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by the Issuers or any
of the Guarantors, on the one hand, or the Holders or the Market Maker, on the
other hand, and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission.  The amount paid or payable by a party as a
result of the losses, claims, damages, liabilities and expenses referred to
above shall be deemed to include, subject to the limitations set forth in the
second paragraph of Section 8(a) hereof, any legal or other fees or
expenses reasonably incurred by such party in connection with investigating or
defending any action or claim.

 

The Issuers, the Guarantors, each Holder of Transfer
Restricted Securities and the Market Maker agree that it would not be just and
equitable if contribution pursuant to this Section 8(c) were
determined by pro rata allocation (even if the Holders were treated as one
entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in the immediately
preceding paragraph.  The amount paid or
payable by an indemnified party as a result of the losses, claims, damages,
liabilities or expenses referred to in the immediately preceding paragraph
shall be deemed to include, subject to the limitations set forth above, any
legal or other expenses reasonably incurred by such indemnified party in connection
with investigating or defending any such action or claim.  Notwithstanding the provisions of this Section 8,
none of the Holders (and its related Indemnified Holders) or the Market 

 

18

 

Maker shall be required to
contribute, in the aggregate, any amount in excess of the amount by which the
total discount with respect to the Securities received by such Holder or the
Securities received by the Market Maker exceeds the amount of any damages which
such Holder or the Market Maker has otherwise been required to pay by reason of
such untrue or alleged untrue statement or omission or alleged omission.  No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. 
The Holders’ obligations to contribute pursuant to this Section 8(c) are
several in proportion to the respective principal amount of Securities held by
each of the Holders hereunder and not joint.

 

SECTION 9.             Rule 144A.  Each
of the Issuers and the Guarantors hereby agrees with each Holder, for so
long as any Transfer Restricted Securities remain outstanding, to make available
to any Holder or beneficial owner of Transfer Restricted Securities in connection
with any sale thereof and any prospective purchaser of such Transfer Restricted
Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under
the Securities Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A under the Securities Act.

 

SECTION 10.          Participation
in Underwritten Registrations.  No Holder may
participate in any Underwritten Registration hereunder unless such Holder (a) agrees
to sell such Holder’s Transfer Restricted Securities on the basis provided in
any underwriting arrangements approved by the Persons entitled hereunder to approve
such arrangements and (b) completes and executes all reasonable
questionnaires, powers of attorney, indemnities, underwriting agreements,
lock-up letters and other documents required under the terms of such
underwriting arrangements.

 

SECTION 11.          Selection
of Underwriters.  The Holders of
Transfer Restricted Securities covered by the Shelf Registration Statement who
desire to do so may sell such Transfer Restricted Securities in an Underwritten
Offering.  In any such Underwritten
Offering, the investment banker(s) and managing underwriter(s) that
will administer such offering will be selected by the Holders of a majority in
aggregate principal amount of the Transfer Restricted Securities included in
such offering; provided, however, that such
investment banker(s) and managing underwriter(s) must be reasonably
satisfactory to the Issuers.

 

SECTION 12.          Miscellaneous.

 

(a)           Remedies.  Each
of the Issuers and the Guarantors hereby agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it
of the provisions of this Agreement and hereby agree to waive the defense in
any action for specific performance that a remedy at law would be adequate.

 

(b)           No
Inconsistent Agreements.  Each of the Issuers and the Guarantors will not on or after
the date of this Agreement enter into any agreement with respect to their securities
that is inconsistent with the rights granted to the Holders or the Market Maker
in this Agreement or otherwise conflicts with the provisions hereof.  Neither the Issuers nor any of the Guarantors
has previously entered into any agreement granting any registration rights with
respect to their securities to any Person. 
The rights granted to the Holders and the Market Maker hereunder do not
in 

 

19

 

any way conflict with and are not
inconsistent with the rights granted to the holders of the Issuers’ or any of the
Guarantors’ securities under any agreement in effect on the date hereof.

 

(c)           Adjustments
Affecting the Securities.  The Issuers
will not take any action, or permit any change to occur, with respect to the
Securities that would materially and adversely affect the ability of the
Holders to Consummate any Exchange Offer.

 

(d)           Amendments
and Waivers.  The provisions
of this Agreement may not be amended, modified or supplemented, and waivers or
consents to or departures from the provisions hereof may not be given unless
the Issuers have (i) in the case of Section 5 hereof and this Section 12(d)(i) obtained
the written consent of Holders of all outstanding Transfer Restricted
Securities, (ii) in the case of any of the provisions of (x) Annex A
hereof or (y) Section 8 hereof as they relate to the Market Maker,
the written consent of the Market Maker and (iii) in the case of all other
provisions hereof (including Section 8 hereof as it relates to the
Holders), obtained the written consent of Holders of a majority of the
outstanding principal amount of Transfer Restricted Securities (excluding any
Transfer Restricted Securities held by the Issuers or their Affiliates).  Notwithstanding the foregoing, a waiver or
consent to departure from the provisions hereof that relates exclusively to the
rights of Holders whose securities are being tendered pursuant to the Exchange
Offer and that does not affect directly or indirectly the rights of other Holders
whose securities are not being tendered pursuant to such Exchange Offer may be
given by the Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities being tendered or registered; provided, however, that, with respect to
any matter that directly or indirectly affects the rights of the Initial
Purchasers or the Market Maker hereunder, the Issuers shall obtain the written
consent of the Initial Purchasers and the Market Maker with respect to which
such amendment, qualification, supplement, waiver, consent or departure is to
be effective.

 

(e)           Notices.  All notices and other
communications provided for or permitted hereunder shall be made in writing by
hand-delivery, first-class mail (registered or certified, return receipt
requested), telex, telecopier, or air courier guaranteeing overnight delivery:

 

(i)            if to a Holder, at the
address set forth on the records of the Registrar under the Indenture, with a
copy to the Registrar under the Indenture; and

 

(ii)           If to the Issuers or the
Guarantors:

 

Tops
Holding Corporation

P.O. Box 1027

Buffalo, New York  14240-1027

Facsimile:  (716) 635-5102

Attention:  Kevin Darrington

 

20

 

with a copy to:

 

Shearman &
Sterling LLP

599 Lexington Avenue

New York, New York 10022

Facsimile:  (212) 848-7179

Attention:  Michael Benjamin, Esq.

 

(iii)          If to the Market Maker:

 

Morgan Stanley &
Co. Incorporated

1585 Broadway

New York, New York  10036

Facsimile:  (212) 761-0260

Attention:  Legal Department

 

All such notices and communications shall be deemed
to have been duly given:  at the time delivered
by hand, if personally delivered; five Business Days after being deposited in
the mail, postage prepaid, if mailed; when answered back, if telexed; when
receipt acknowledged, if telecopied; and on the next Business Day, if timely
delivered to an air courier guaranteeing overnight delivery.

 

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

 

(f)            Successors
and Assigns.  This Agreement
shall inure to the benefit of and be binding upon the successors and assigns of
each of the parties, including, without limitation, and without the need for an
express assignment, subsequent Holders of Transfer Restricted Securities; provided, however, that this Agreement shall not inure to
the benefit of or be binding upon a successor or assign of a Holder unless and
to the extent such successor or assign acquired Transfer Restricted Securities
from such Holder.

 

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

 

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

 

(i)            Governing
Law.  THIS AGREEMENT SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF.

 

(j)            Severability.  In the event that any one or
more of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal or unenforceable, the 

 

21

 

validity, legality and enforceability of any
such provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired thereby.

 

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

 

22

 

 

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

 

	
   

  	
  TOPS HOLDING CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric Kanter

  
	
   

  	
   

  	
  Name:

  	
  Eric Kanter

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TOPS
  MARKETS, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Curci

  
	
   

  	
   

  	
  Name:

  	
  Frank Curci

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ARP
  BRADFORD LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Tops
  Markets, LLC, its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Curci

  
	
   

  	
   

  	
  Name:

  	
  Frank Curci

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  BATH
  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Tops
  Markets, LLC, its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Frank Curci

  
	
   

  	
   

  	
  Name:

  	
  Frank Curci

  
	
   

  	
   

  	
  Title:

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TOPS
  GIFT CARD COMPANY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Frank Curci

  
	
   

  	
   

  	
  Name:

  	
  Frank Curci

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

23

 

The foregoing Registration Rights Agreement is
hereby confirmed and accepted as of the date first above written:

 

MORGAN
STANLEY & CO. INCORPORATED

Acting
on behalf of itself 

and as the Representative of

the several Initial Purchasers

 

 

	
  By:

  	
  Morgan
  Stanley & Co. Incorporated

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Paul B. Franks

  	
   

  
	
   

  	
   

  	
  Managing
  Director

  	
   

  

 

 

Annex A

 

Market Making.

 

(a)           For so long as
any of the Securities or Exchange Securities are outstanding and the
Representative (in such capacity, the “Market Maker”) or any of its affiliates
(as defined in the rules and regulations of the Commission) owns any
equity securities of the Issuers, the Guarantors or any of their affiliates and
proposes to make a market in the Securities or Exchange Securities as part of its
business in the ordinary course, the following provisions shall apply for the
sole benefit of the Market Maker:

 

(i)            The Issuers and the
Guarantors shall (A) on the date that the Exchange Offer Registration
Statement or, if required hereby, the Shelf Registration Statement is filed
with the Commission, file a registration statement (the “Market Making
Registration Statement”) (which may be the Exchange Offer Registration
Statement or the Shelf Registration Statement if permitted by the rules and
regulations of the Commission) and use their reasonable best efforts to cause
such Market Making Registration Statement to be declared effective by the
Commission on or prior to the consummation of the Exchange Offer or the initial
effective date of the Shelf Registration Statement, as applicable; (B) periodically
amend such Market Making Registration Statement so that the information
contained therein complies with the requirements of Section 10(a) under
the Securities Act; (C) amend the Market Making Registration Statement or
amend or supplement the related Prospectus when necessary to reflect any
material changes in the information provided therein; and (D) amend the
Market Making Registration Statement when required to do so in order to comply
with Section 10(a)(3) of the Securities Act; provided,
however, that (1) prior to filing
the Market Making Registration Statement, any amendment thereto or any
amendment or supplement to the related Prospectus, the Issuers will furnish to
the Market Maker copies of all such documents proposed to be filed, which
documents will be subject to the review of the Market Maker and its counsel and
(2) the Issuers and the Guarantors will not file the Market Making
Registration Statement, any amendment thereto or any amendment or supplement to
the related Prospectus to which the Market Maker and its counsel shall
reasonably object unless the Issuers are advised by counsel that such Market
Making Registration Statement or any such amendment or supplement is required
to be filed under applicable securities laws and the Issuers will provide the
Market Maker and its counsel with copies of the Market Making Registration
Statement and each amendment and supplement filed.

 

(ii)           The Issuers shall notify the
Market Maker and, if requested by the Market Maker, confirm such advice in
writing, (A) when any Market Making Registration Statement, any
post-effective amendment to the Market Making Registration Statement or any
amendment or supplement to the related Prospectus has been filed, and, with respect
to any Market Making Registration Statement or any post-effective amendment,
when the same has become effective; (B) of any request by the Commission
for any post-effective amendment to the Market Making Registration Statement,
any supplement or amendment to the related Prospectus or for additional
information; (C) of the issuance by the Commission of any stop order
suspending the effectiveness of the Market Making 

 

 

Registration
Statement or the initiation of any proceedings for that purpose, including the
receipt by the Issuers of any notice of objection of the Commission to the use
of the Market Making Registration Statement or any post-effective amendment
thereto pursuant to Rule 401(g)(2) under the Securities Act; (D) of
the receipt by the Issuers of any notification with respect to the suspension
of the qualification of the Securities or Exchange Securities for sale in any
jurisdiction or the initiation or threatening of any proceedings for such
purpose; and (E) of the happening of any material event that makes any
statement made in the Market Making Registration Statement, the related
Prospectus or any amendment or supplement thereto untrue or that requires the
making of any changes in the Market Making Registration Statement, such
Prospectus or any amendment or supplement thereto, in order to make the statements
therein not misleading.

 

(iii)          If any event contemplated by
(a)(ii)(B) through (E) of this Annex A occurs during the period for
which the Issuers and the Guarantors are required to maintain an effective
Market Making Registration Statement, the Issuers and the Guarantors shall, subject
to (a)(i) of this Annex A, promptly prepare and file with the Commission a
post-effective amendment to the Market Making Registration Statement or an amendment
or supplement to the related Prospectus or file any other required document so
that the Prospectus will not include an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading.

 

(iv)          In the event of the issuance
of any stop order suspending the effectiveness of the Market Making
Registration Statement, any notice of objection pursuant to Rule 401(g)(2) under
the Securities Act or any order suspending the qualification of the Securities
or Exchange Securities for sale in any jurisdiction, the Issuers and the
Guarantors shall promptly use their reasonable best efforts to obtain the
withdrawal or lifting of such order or the resolution of such objection,
including by filing an amendment to the Market Making Registration Statement on
the proper form as necessary.

 

(v)           The Issuers shall furnish to
the Market Maker, without charge, (i) at least one conformed copy of the Market
Making Registration Statement and any post-effective amendment thereto; and (ii) as
many copies of the related Prospectus and any amendment or supplement thereto
as the Market Maker may reasonably request.

 

(vi)          The Issuers and the
Guarantors shall consent to the use of the Prospectus contained in the Market
Making Registration Statement or any amendment or supplement thereto by the
Market Maker in connection with its market-making activities.

 

(vii)         Notwithstanding the
foregoing provisions of this Annex A, the Issuers and the Guarantors may for
valid business reasons, including without limitation, a potential material
acquisition, divestiture of assets or other material corporate transaction,
notify the Market Maker in writing that the Market Making Registration
Statement is no longer effective or the Prospectus included therein is no
longer usable for offers and sales of Securities or Exchange Securities; provided that the use of the Market Making Registration
Statement or the Prospectus contained therein shall not be suspended for more
than 60 days (whether or not consecutive) in the aggregate in any 12-month
period.  The Market 

 

2

 

Maker
agrees that upon receipt of any notice from the Issuers pursuant to this clause
(a)(vii), it will discontinue use of the Prospectus contained in the Market
Making Registration Statement until receipt of copies of the supplemented or
amended Prospectus relating thereto or until advised in writing by the Issuers
that the use of the Prospectus contained in the Market Making Registration Statement
may be resumed.

 

(b)           In connection
with the Market Making Registration Statement, the Issuers shall (i) make
available for inspection by a representative of, and counsel acting for, the
Market Maker, at reasonable times and in a reasonable manner, all pertinent
financial and other records, documents and properties of the Issuers and their
subsidiaries and (ii) cause the respective officers, directors and
employees of the Issuers and the Guarantors to supply all relevant information
reasonably requested by such representative or counsel or the Market Maker; provided that if any such information is identified by the
Issuers or any Guarantor as being confidential or proprietary, each Person
receiving such information shall take such actions as are reasonably necessary
to protect the confidentiality of such information to the extent such action is
otherwise not inconsistent with, an impairment of or in derogation of the
rights and interests of any Market Maker.

 

(c)           Prior to the
initial effective date of the Market Making Registration Statement, the Issuers
and the Guarantors shall use their reasonable best efforts to register or
qualify the Securities or Exchange Securities for offer and sale under all
applicable state securities or blue sky laws of such jurisdictions as the
Market Maker reasonably requests in writing, cooperate with the Market Maker in
connection with any filings required to be made with FINRA and do any and all
other acts or things that may be reasonably necessary or advisable to enable
the offer and sale in such jurisdictions of the Securities or Exchange
Securities covered by the Market Making Registration Statement; provided that the Issuers and the Guarantors shall not be
required to (i) qualify as a foreign corporation or other entity or as a
dealer in securities in any jurisdiction where it would not otherwise be
required to so qualify, (ii) file any general consent to subject itself to
service of process in any such jurisdictions or (iii) subject itself to
taxation in any such jurisdiction if it is not so then subject.

 

(d)           The Issuers and
the Guarantors represent and agree that the Market Making Registration
Statement, any post-effective amendments thereto, any amendments or supplements
to the related Prospectus and any documents filed by them under the Exchange
Act will, when they become effective or are filed with the Commission, as the
case may be, conform in all material respects to the requirements of the Securities
Act and the Exchange Act and the rules and regulations of the Commission
thereunder and will not, as of each effective date of such Market Making
Registration Statement or post-effective amendments and as of the filing date
of any amendments or supplements to such Prospectus or filings under the
Exchange Act, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading; provided that no representation or
warranty is made as to information contained in or omitted from the Market
Making Registration Statement or the related Prospectus in reliance upon and in
conformity with written information furnished to the Issuers by the Market
Maker specifically for inclusion therein, which information the parties hereto
agree will be limited to the statements concerning the market-making activities
of the Market Maker to be set 

 

3

 

forth on the cover page and in the “Plan
of Distribution” section of the Prospectus (the “Market Maker’s Information”).

 

(e)           At the time of
initial effectiveness of the Market Making Registration Statement and
concurrently with each time the Market Making Registration Statement shall be
amended by post-effective amendment, including by the filing of an annual
report incorporated by reference into the Market Making Registration Statement,
or the related Prospectus shall be amended or supplemented, the Issuers shall
(if requested by the Market Maker) furnish the Market Maker with a certificate
of its Chief Executive Officer, Chairman of the Board of Directors, President
or Chief Financial Officer to the effect that:

 

(i)            the Market Making
Registration Statement has been declared effective;

 

(ii)           in the case of an amendment
to the Market Making Registration Statement, such amendment has become
effective under the Securities Act as of the date and time specified in such
certificate, if applicable; and in the case of an amendment or supplement to
the Prospectus, such amendment or supplement to the Prospectus was filed with
the Commission pursuant to the subparagraph of Rule 424(b) under the
Securities Act specified in such certificate on the date specified therein;

 

(iii)          to the knowledge of such
officers, no stop order suspending the effectiveness of the Market Making
Registration Statement has been issued, including any notice of objection of
the Commission to the use of the Market Making Registration Statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the
Securities Act, and no proceeding for that purpose is pending or threatened by
the Commission; and

 

(iv)          such officers have carefully
examined the Market Making Registration Statement and the Prospectus (and, in
the case of an amendment or supplement, such amendment or supplement) and, to
the knowledge of such officer, as of the applicable effective date of such
Market Making Registration Statement, or the date of such amendment or
supplement, as applicable, the Market Making Registration Statement and the
Prospectus, as amended or supplemented, if applicable, did not include any
untrue statement of a material fact and did not omit to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading.

 

(f)            The Issuers and
the Guarantors, on the one hand, and the Market Maker, on the other hand,
hereby agree to indemnify each other, and, if applicable, contribute to the
other, in accordance with Section 8 of this Agreement.

 

(g)           The Issuers and
the Guarantors will comply with the provisions of this Annex A at their own
expense and will reimburse the Market Maker for its expenses associated with
this Annex A (including reasonable fees of counsel for the Market Maker).

 

(h)           The agreements
contained in this Annex A and the representations, warranties and agreements
contained in this Agreement shall survive all offers and sales of the
Securities and Exchange Securities and shall remain in full force and effect,
regardless of any termination or 

 

4

 

cancellation of this Agreement or any investigation
made by or on behalf of any indemnified party.

 

(i)            For purposes of
this Annex A, (i) any reference to the terms “amend”, “amendment” or “supplement”
with respect to the Market Making Registration Statement or the Prospectus
contained therein shall be deemed to refer to and include the filing under the
Exchange Act of any document deemed to be incorporated therein by reference and
(ii) any reference to the terms “Securities” or “Exchange Securities”
shall be deemed to refer to and include any securities issued in exchange for
or with respect to such Securities or Exchange Securities.

 

5

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