Document:

Exhibit
4.1

 

FORM OF
WARRANT

 

TO
PURCHASE SHARES OF COMMON STOCK

 

of

 

ACCURIDE
CORPORATION

 

A
Delaware Corporation

 

 

Warrant No.

Number of Warrants:
                  

Date:
                    ,
2010 (the “Effective Date”)

CUSIP No. 00439T 115

 

VOID AFTER
                    ,
2012

 

This certifies
that, for value received, [                          ]
(the “Holder”) is the registered holder of [          ]
warrants (the “Warrants”) and is thereby entitled to purchase
from Accuride Corporation, a Delaware corporation (the “Company”),
subject to the terms and conditions set forth herein and in the Warrant Agent
Agreement, dated as of [                ],
2010 between the Company and American Stock Transfer & Trust Company
LLC, as Warrant Agent (the “Warrant Agent Agreement”), one fully paid
and nonassessable share of common stock, par value $0.01 per share (the “Common
Stock”),  of the Company for each Warrant
represented hereby (the “Warrant Shares”) at the initial exercise price
(“Warrant Price”) of $2.10 per share at any time and from time to time,
until the Termination Date (as defined in Section 5 below).  The Warrant Price and the number of Warrant
Shares that may be purchased upon exercise of the Warrants are subject to
adjustment pursuant to Section 4 hereof. 
The terms and conditions set forth in the Warrant Agent Agreement are
incorporated by reference in and made a part of this Warrant.

 

1.             Exercise.

 

(a)           Cash
Exercise.  Subject to the terms and
conditions hereof, this Warrant may be exercised by the Holder from time to
time on or after the Effective Date and on or prior to the Termination Date, in
whole or in part, upon delivery of a written notice in the form attached hereto
as Exhibit A (the “Exercise Notice”) to the Company, at the office
of the Warrant Agent, together with this Warrant and delivery of payment to the
Warrant Agent by (i) cash, (ii) wire transfer of immediately
available funds to a bank account that shall have been specified in writing for
such purpose by the Warrant Agent, (iii) a certified or bank check payable
to the Warrant Agent, or (iv) a combination of the foregoing, for the
aggregate Warrant Price of the Warrant Shares so purchased.

 

(b)           Cashless
Exercise.  In lieu of exercising this
Warrant on a cash basis pursuant to Section 1(a) hereof, subject to
the terms and conditions hereof, the Holder may elect instead to exercise this
Warrant from time to time, on or after the Effective Date and on or prior to
the Termination Date, in whole or in part, on a cashless basis to receive upon
such exercise the “Net Number” of shares of Common Stock determined
according to the following formula (a “Cashless Exercise”):

 

 

 

	
  Net Number =  

  	
  (X x Y) — (X x
  Z)

  
	
   

  	
   Y

  

 

For purposes of the foregoing formula:

 

X = the total number of Warrant Shares with respect to which this
Warrant is then being exercised.

 

Y =
the Market Price
of the shares of Common Stock as of the Business Day immediately preceding the
date of receipt of the Exercise Notice by the Company.

 

Z = the Warrant
Price then
in effect for the applicable Warrant Shares at the time of such exercise.

 

To effect a
Cashless Exercise, the Holder shall deliver to the Company, at the office of
the Warrant Agent, the Exercise Notice indicating the Holder’s election to
exercise this Warrant on a cashless basis and this Warrant.

 

(c)           Market
Price; Business Day.  For purposes of
this Section 1, the “Market Price” of the shares of the Common
Stock on any particular date shall have the following meaning: (i) if the
Common Stock is listed for trading on a national securities exchange, the last
sale price of the Common Stock reported by such exchange on that date; (ii) if
the Common Stock is not listed on any such exchange and the Common Stock is
traded in the over-the-counter market, the last price reported by the OTC
Bulletin Board on that date; (iii) if the Common Stock is not listed on
any such exchange or quoted on the OTC Bulletin Board, then the last price
quoted on such date in the over-the-counter market as reported by the National
Quotation Bureau Incorporated (or any similar organization or agency succeeding
its functions of reporting prices) on that date; or (iv) if none of
clauses (i)-(iii) are applicable, then the fair market value of the
Common Stock as determined, in good faith, by the Board of Directors of the
Company.  As used herein, “Business
Day” means any day other than (i) a Saturday, (ii) a Sunday, (iii) any
day on which commercial banks in New York, New York are required or authorized
to close by law or executive order, and (iv) the Friday after Thanksgiving
Day.

 

(d)           Issuance
of Warrant Shares Upon Exercise. 
Upon exercise of this Warrant, the Company shall within a reasonable
time issue and deliver to the Holder (i) a certificate or certificates for
the total number of Warrant Shares (or the Net Number of Warrant Shares, as
applicable) for which this Warrant is being exercised in the name of such
Holder or its designee and (ii) if this Warrant is exercised with respect
to fewer than all of the Warrant Shares represented by this Warrant, a new
Warrant representing the number of Warrant Shares in respect of which this
Warrant has not been exercised.  The
Warrant Shares will be deemed to have been issued, and the person in whose name
any certificate representing Warrant Shares will be issuable upon the exercise
of this Warrant (as indicated in the Exercise Notice) will be deemed to have
become the holder of record of (and will be treated for all purposes as the
record holder of) the Warrant Shares represented thereby, immediately prior to
the close of business on the Business Day upon which this Warrant is exercised
in accordance with the terms hereof.  The
issuance of certificates for Warrant Shares upon the exercise of this Warrant
will be made without charge to the Holder for any issuance tax in respect
thereof; provided, however, that the 

 

2

 

Company will not be required to pay
any tax which may be payable in respect of any transfer involved in the
issuance and delivery of any certificate in a name other than that of the
Holder.  The Company shall not close its
books against the transfer of this Warrant or any Warrant Shares issued or
issuable upon the exercise of this Warrant in any manner which interferes with
the timely exercise of this Warrant.

 

(e)           Fractional
Shares.  Upon the exercise of the
rights represented by this Warrant, the Company will not be obligated to issue
fractional shares of Common Stock, and in lieu thereof, the Company will pay to
the Holder an amount in cash equal to the Market Price per share of Common
Stock as of the
Business Day immediately preceding the date of receipt of the Exercise Notice
by the Company multiplied by such fraction (rounded to the
nearest cent).

 

(f)            Notice of Certain Events.  The Company will provide the Holder with
written notice at least 10 days prior to the date on which the Company closes
its books or takes a record date (i) with respect to any dividend or
distribution of any cash, assets, securities or other property or rights upon
the Common Stock or (ii) for determining rights to vote with respect to
any reclassification, merger, consolidation, sale or conveyance to another
entity of all or substantially all of the property of the Company, in each case
which is effected in such a way that the holders of Common Stock are entitled
to receive (either directly or upon subsequent liquidation) stock, securities
or assets with respect to or in exchange for Common Stock.

 

2.             Representations
and Warranties of Company.  The
Company represents and warrants to the Holder as follows:

 

(a)           The
Company has the requisite corporate power and authority to enter into this
Warrant and to perform its obligations hereunder.  The execution and delivery of this Warrant
and the performance by the Company of its obligations hereunder have been duly
authorized by all necessary corporate action on the part of the Company.  This Warrant has
been duly executed and delivered by the Company and constitutes a valid and
binding obligation of the Company, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium, and similar laws
affecting creditors’ rights and remedies generally, and subject, as to
enforceability, to general principles of equity.

 

(b)           The
execution and delivery of this Warrant and the performance by the Company of
its obligations does and will not conflict with, or result in a breach or
violation of the terms, conditions or provisions of, or constitute a default
(or an event with which the giving of notice or passage of time or both could
result in default) under, or result in the creation or imposition of any lien
pursuant to the terms of the certificate of incorporation and bylaws of the
Company, as amended to date.

 

(c)           The
Warrant Shares to be issued upon exercise of the Warrants, when issued as
contemplated by this Warrant, will be duly authorized, validly issued, fully
paid and nonassessable.

 

(d)           The
Company will at all times reserve and keep available, solely for issuance upon
the exercise of this Warrant, such number of authorized but unissued shares of
Common Stock as will be sufficient to permit the exercise in full of this
Warrant.

 

3

 

3.             Warrant Register; Transfer of
Warrants.

 

(a)           The
Company shall cause the Warrant Agent to maintain at its office (or such office
or agency of the Company as the Company may designate by notice to the Holder),
a register for this Warrant (the “Warrant Register”), in which the
Warrant Agent shall record the name and address of the Holder in whose name
this Warrant has been issued, as well as the name and address of each
transferee. The Company may treat the Holder in whose name any Warrant is
registered on the Warrant Register as the owner and holder thereof for all
purposes, notwithstanding any notice to the contrary, but in all events
recognizing any transfers made in accordance with the terms of this Warrant

 

(b)           This
Warrant may be transferred, in whole or in part, to any person or entity upon
presentation of this Warrant and written notice to the Company at the office of
the Warrant Agent (or such office or agency of the Company as the Company may
designate in writing to the Holder), in the form attached hereto as Exhibit B
(the “Transfer Notice”).  Upon
such presentation for transfer, the Company shall within a reasonable time
execute and deliver or issue a new Warrant in the form provided for herein with
appropriate adjustments to the number of Warrant Shares and such other
provisions hereof as may require adjustment and in the denominations specified
in such instructions.  The Holder
requesting such transfer shall pay all expenses, taxes, and other charges
payable in connection with the preparation, issuance, and delivery of the new
Warrant(s) under this Section 3.

 

4.             Antidilution.  The number of Warrant Shares issuable upon
the exercise of this Warrant and the Warrant Price shall be adjusted upon the
occurrence of certain events, as follows:

 

(a)           Stock
Splits, Capital Stock Dividends, Combinations and Consolidations of Common
Stock.  In the event of a stock
split, capital stock dividend, subdivision or other similar event of or in
respect of the outstanding shares of Common Stock, the number of Warrant Shares
issuable upon exercise of this Warrant immediately prior to such stock split,
capital stock dividend or subdivision will be proportionately increased and the
Warrant Price then in effect will be proportionately decreased, effective at
the close of business on the date of such stock split, capital stock dividend
or subdivision, as the case may be. 
Conversely, in the event of a reverse stock split, combination,
consolidation or other similar event of or in respect of the outstanding shares
of Common Stock, the number of Warrant Shares issuable upon the exercise of
this Warrant immediately prior to such reverse stock split, combination,
consolidation or other similar event will be proportionately decreased and the
Warrant Price will be proportionately increased, effective at the close of
business on the date of such reverse stock split, combination, consolidation or
other similar event, as the case may be.

 

(b)           Reclassifications.  In the event of a reclassification of the
Common Stock of the Company (other than as a result of a subdivision, stock
dividend, stock split, or other event for which an adjustment is made under Section 4(a)),
provision shall be made so that the Holder will have the right to exercise this
Warrant, and the Holder shall thereafter be entitled to receive upon exercise,
in lieu of the shares of Common Stock previously issuable upon exercise of this
Warrant, the same number and type of shares of stock or other securities,
assets or property to which a holder of the number of shares of Common Stock
deliverable upon exercise of this 

 

4

 

Warrant immediately prior to such
reclassification would have been entitled to receive in such
reclassification.  In any such case,
appropriate adjustment shall be made in the application of the provisions of
this Section 4 with respect to the rights of the Holder after the
reclassification to the end that the provisions of this Section 4
(including adjustment of the Warrant Price then in effect and the number of
Warrant Shares issuable upon exercise of this Warrant) shall be applicable after
that event and be as nearly equivalent as practicable.  The provisions of this Section 4(b) shall
similarly apply to successive reclassifications of Common Stock.

 

(c)           Mergers
or Consolidations.  In the event of (i) 
the merger or consolidation of the Company with or into another corporation or
another entity or person, or (ii) a sale or conveyance to another entity
of all or substantially all of the property of the Company, as a part of such
merger, consolidation, sale or conveyance, provision shall be made so that the
Holder will have the right to exercise this Warrant, and the Holder shall
thereafter be entitled to receive upon exercise, the same number and type of
shares of stock or other securities, assets or property to which a holder of
the number of shares of Common Stock deliverable upon exercise of this Warrant
immediately prior to such merger, consolidation, sale or conveyance would have
been entitled to receive in such merger, consolidation, sale or conveyance.  In any such case, appropriate adjustment
shall be made in the application of the provisions of this Section 4 with
respect to the rights of the Holder after the merger, consolidation, sale or
conveyance to the end that the provisions of this Section 4 (including
adjustment of the Warrant Price then in effect and the number of Warrant Shares
issuable upon exercise of this Warrant) shall be applicable after that event
and be as nearly equivalent as practicable. 
The provisions of this Section 4(c) shall similarly apply to
successive mergers or consolidations.

 

(d)           Certificate
as to Adjustments.  Upon the
occurrence of each anti-dilution adjustment (or readjustment) pursuant to this Section 4,
the Company at its expense shall promptly compute such adjustment or
readjustment in accordance with the terms hereof and furnish to the Holder a
certificate setting forth such adjustment or readjustment and showing in
reasonable detail the facts upon which such adjustment is based.  The Company shall, upon the written request
at any time of the Holder, furnish or cause to be furnished to the Holder a
like certificate setting forth the Warrant Price of this Warrant at the time in
effect, and the number of shares of Common Stock and the amount, if any, of
other property which at the time would be received upon the exercise of this
Warrant.

 

5.             Termination
Date.  This Warrant may not be
exercised after 5:00 p.m., New York time, on
[                  ]
(the “Termination Date”) and all rights of the registered holder of the
Warrants evidenced hereby shall cease after 5:00 P.M., New York time, on
the Termination Date.

 

6.             Noncircumvention.  The Company hereby covenants and agrees that
the Company will not, by amendment of its certificate of incorporation, bylaws
or through any reorganization, transfer of assets, consolidation, merger,
scheme of arrangement, dissolution, issue or sale of securities, or any other
voluntary action, avoid or seek to avoid the observance or performance of any
of the terms of this Warrant, and will at all times in good faith carry out all
the provisions of this Warrant and take all action as may be required to
protect the rights of the Holder.

 

5

 

7.             Governing
Law.  This Warrant shall be governed
by and construed in accordance with the law of the State of New York.

 

8.             Waiver
and Amendment.  Any term or provision
of this Warrant may be waived at any time by the party entitled to the benefits
thereof and any term or provision of this Warrant may be amended or
supplemented at any time by agreement of the Company and the Holder.  Any waiver of any term or condition, or any
amendment or supplementation, of this Warrant must be in writing.  A waiver of any breach or failure to enforce
any term or condition of this Warrant shall not in any way affect, limit, or
waive any party’s rights hereunder at any time to enforce strict compliance
thereafter with any term or condition of this Warrant.

 

9.             Severability.  In the event that any one or more of the
provisions contained in this Warrant shall be determined to be invalid, illegal
or unenforceable in any respect for any reason, the validity, legality, and
enforceability of any such provision in any other respect and the remaining
provisions of this Warrant shall not be in any way impaired.

 

10.           Notice.  Any notice or other document required or
permitted to be given or delivered to the Company or to the Holder shall be
delivered personally, or sent by certified or registered mail to the respective
addresses of the parties as set forth in this Section 10 or on the
register maintained by the Warrant Agent, or, as to each party, as such other
address as will be designated by such party in a written notice to the other
party.  Notices to the Company will be
directed to the office of the Warrant Agent. 
Any party hereto may by notice so given change its address for future
notice hereunder.

 

11.           Holder of Warrant
not a Stockholder. 
The Holder will not be
entitled to vote on matters submitted for the approval or consent of the
stockholders of the Company or to receive dividends or other distributions
declared on or in respect of shares of Common Stock, or otherwise be deemed to
be the holder of Common Stock or any other capital stock or other securities of
the Company which may at any time be issuable upon the exercise of this Warrant
for any purpose, nor will anything contained herein be construed to confer upon
the Holder any of the rights of a stockholder of the Company or any right to
vote for the election of directors or upon any matter submitted for the approval
or consent of the stockholders, or to give or withhold consent to any corporate
action (whether upon any recapitalization, issuance of stock, reclassification
of stock, merger or consolidation, conveyance, or otherwise) or to receive
notice of meetings, or to receive dividends or subscription rights or
otherwise, in each case, until this Warrant shall have been exercised and the
Warrant Shares issuable upon the exercise of this Warrant will have become
deliverable as provided herein.

 

12.           Loss,
Destruction, Etc., of Warrant.  In
the event this Warrant is lost, stolen, destroyed, or mutilated, the Company
will cause the Warrant Agent to issue to the Holder a new Warrant, of like
tenor, in lieu of such lost, stolen, destroyed, or mutilated Warrant, upon the
Company’s receipt of, (i) in the case of a lost, stolen, or destroyed
Warrant, an affidavit satisfactory to the Company from the Holder to that
effect and indemnity or security satisfactory to the Company, and (ii) in
the case of a mutilated Warrant, the mutilated Warrant.

 

6

 

THIS WARRANT HAS BEEN, AND THE
SHARES OF COMMON STOCK WHICH MAY BE PURCHASED PURSUANT TO THE EXERCISE OF
THIS WARRANT (THE “WARRANT SHARES,” AND TOGETHER WITH THIS WARRANT, THE “SECURITIES”)
WILL BE, ISSUED PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SECTION 1145
OF THE BANKRUPTCY REFORM ACT OF 1978, AS AMENDED (THE “BANKRUPTCY CODE”).
THE SECURITIES MAY BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), PROVIDED THAT THE HOLDER IS NOT DEEMED TO BE AN UNDERWRITER AS
SUCH TERM IS DEFINED IN SECTION 1145(b) OF THE BANKRUPTCY CODE. IF
THE HOLDER IS DEEMED TO BE AN UNDERWRITER AS SUCH TERM IS DEFINED IN SECTION 1145(b) OF
THE BANKRUPTCY CODE, THEN THE SECURITIES MAY ONLY BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED UPON REGISTRATION UNDER THE SECURITIES ACT OR
RECEIPT OF AN OPINION OF COUNSEL SATISFACTORY TO ACCURIDE CORPORATION AND ITS
COUNSEL THAT SUCH DISPOSITION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS
DELIVERY REQUIREMENTS OF THE SECURITIES ACT AND OF ANY APPLICABLE STATE
SECURITIES LAWS. THIS WARRANT MUST BE SURRENDERED TO THE COMPANY OR THE WARRANT
AGENT AS A CONDITION PRECEDENT TO THE SALE, PLEDGE OR OTHER TRANSFER OF ANY
INTEREST IN ANY OF THE SHARES REPRESENTED BY THIS WARRANT

 

7

 

IN WITNESS
WHEREOF, the Company has caused this Warrant to be signed by its duly
authorized officers on this           
day of
                    ,
2010.

 

 

	
  By:

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
  President

  	
   

  	
   

  	
  Title:

  	
  Secretary

  	
   

  
									

 

 

 

Countersigned:

 

American Stock
Transfer & Trust Company LLC

59 Maiden Lane 

New York, N.Y. 10038

 

 

	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	 

	
  Title:

  	
   

  	
   

  	 

					

 

 

EXHIBIT A

 

EXERCISE NOTICE

 

TO BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS 

WARRANT TO PURCHASE COMMON STOCK

 

ACCURIDE CORPORATION

 

The undersigned holder hereby exercises
the right to purchase
                              
of the shares of Common Stock (“Warrant Shares”) of Accuride
Corporation, a Delaware corporation (the “Company”), evidenced by the
attached Warrant to Purchase Common Stock (the “Warrant”). Capitalized
terms used herein and not otherwise defined shall have the respective meanings
set forth in the Warrant.

 

1. 
Form of Warrant Price.  The
Holder intends that payment of the Warrant Price shall be made as:

 

o            a “Cash Exercise” with respect to
                              
Warrant Shares; and/or

 

o            a “Cashless Exercise” with respect
to
                              
Warrant Shares.

 

2. 
Payment of Warrant Price. In the event that the holder has elected a
Cash Exercise with respect to some or all of the Warrant Shares to be issued
pursuant hereto, the holder shall pay the aggregate Warrant Price in the sum of
$                              
to the Company in accordance with the terms of the Warrant.

 

3. 
Delivery of Warrant Shares. The Company shall deliver to the holder
                          
Warrant Shares in accordance with the terms of the Warrant.

 

	
  Date:

  	
                                 
      ,

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name of
  Registered Holder

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
				

 

 

EXHIBIT B

 

TRANSFER NOTICE

 

For value received, the undersigned
holder hereby sells, assigns and transfers all of the undersigned holder’s
rights under the attached Warrant to Purchase Common Stock with respect to the
number of shares of Common Stock of Accuride Corporation, a Delaware
corporation, set forth below unto:

 

 

 

 

	
  Name(s) of
  Assignee(s)

  	
   

  	
  Address

  	
   

  	
  No. of Shares

  	
   

  	
  Tax ID No.

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

	
  Date:

  	
                                 
      ,

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Name of
  Registered Holder

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:Exhibit 4.2

 

ACCURIDE
CORPORATION

 

WARRANT
AGENT AGREEMENT

 

WARRANT AGENT
AGREEMENT, dated as of
                    ,
2010 (the “Agreement”), between Accuride Corporation, a Delaware
corporation (the “Company”), and American Stock Transfer &
Trust Company LLC, a New York limited liability trust company, as Warrant Agent
(the “Warrant Agent”). 
Capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed thereto in the Form of Warrant attached as Exhibit A
hereto.

 

WHEREAS, a plan of
reorganization for the Company and certain of its subsidiaries has been
confirmed by the United States Bankruptcy Court for the District of Delaware
(the “Plan”);

 

WHEREAS, pursuant
to the Plan, the Company will issue warrants to purchase common stock, $0.01
par value per share (the “Common Stock”), of the Company (the “Warrants”),
as hereinafter described to the holders (the “Holders”) of shares of
Common Stock as of the record date set forth in the Plan; and

 

WHEREAS, the
Company desires that the Warrant Agent act on behalf of the Company, and the
Warrant Agent is willing so to act, in connection with the issuance, transfer,
exchange and exercise of the Warrants and other matters as provided herein.

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements set forth in this
Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

 

Section 1.                                            Appointment
of Warrant Agent.  The Company
hereby appoints the Warrant Agent to act as agent for the Company for the
Warrants, and the Warrant Agent hereby accepts such appointment and agrees to
perform the same in accordance with the terms and conditions set forth in this
Agreement.

 

Section 2.                                            Warrants.

 

Section 2.1     Form of Warrant.  Each Warrant shall be issued in registered
form only, shall be in substantially the form of Exhibit A hereto, the
provisions of which are incorporated herein and shall be signed by, or bear the
facsimile signature of, the president, or any vice president, on the one hand,
and the secretary, on the other hand, of the Company and shall bear a facsimile
of the Company’s seal.  In the event the
person whose facsimile signature has been placed upon any Warrant shall have
ceased to serve in the capacity in which such person signed the Warrant before
such Warrant is issued, it may be issued with the same effect as if he or she
had not ceased to be such at the date of issuance.  Each Warrant shall be dated the date such Warrant
was authorized to be transferred by the Company.

 

 

Section 2.2     Effect of Countersignature. Unless
and until countersigned by the Warrant Agent pursuant to this Agreement, a
Warrant shall be invalid and of no effect and may not be exercised by the
holder thereof.

 

Section 2.3     Registration.

 

Section 2.3.1      Warrant Register.  The Warrant Agent shall maintain books (“Warrant
Register”), for the registration of original issuance and the registration
of transfer of the Warrants. Upon the initial issuance of the Warrants, the
Warrant Agent shall issue and register the Warrants in the names of the
respective holders thereof in such denominations and otherwise in accordance
with instructions delivered to the Warrant Agent by the Company.

 

Section 2.3.2      Registered Holder. Prior to due
presentment for registration of transfer of any Warrant, the Company and the
Warrant Agent may deem and treat the person in whose name such Warrant shall be
registered upon the Warrant Register (“registered holder”), as the absolute
owner of such Warrant and of each Warrant represented thereby (notwithstanding
any notation of ownership or other writing on the Warrant Certificate made by
anyone other than the Company or the Warrant Agent), for the purpose of any
exercise thereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary.

 

Section 3.                                            Terms and
Exercise of Warrants.

 

Section 3.1     Warrant Price.  Each Warrant shall, when countersigned by the
Warrant Agent, entitle the registered holder thereof, subject to the provisions
of such Warrant and of this Agreement, to purchase one fully paid and
nonassessable share of Common Stock for each Warrant represented thereby (the “Warrant
Shares”) at the initial exercise price (“Warrant Price”) of $2.10
per share, subject to the adjustments provided the Warrant.

 

Section 3.2     Duration of Warrants.  Warrants may be exercised on or following
                    ,
2010 (the “Effective Date”) until
                    ,
2012 (the “Termination Date”).

 

Section 3.3     Exercise of Warrants.

 

Section 3.3.1      Payment.  A Warrant may be exercised, subject to the
terms and conditions of the Warrant and this Agreement, upon surrender to the
Company at the office of the Warrant Agent, which is currently located at the
address listed in Section 7.2 hereof, with the Exercise Notice as
set forth in the Warrant, duly executed, and, if the Warrant is exercised on a
cash basis, by payment in full of the Warrant Price as set forth in the
Warrant.

 

2

 

Section 3.3.2      Cashless Exercise.  Upon receipt by the Warrant Agent of any
Exercise Notice indicating the Holder’s election to exercise a Warrant on a
cashless basis, the Warrant Agent shall promptly notify the Company of such
cashless exercise and the Company at its expense shall promptly compute the Net
Number (as defined in the Warrant) of Warrant Shares to be issued upon such
exercise in accordance with the terms of the Warrant and furnish to the Warrant
Agent a certificate setting forth such Net Number of Warrant Shares.

 

Section 3.3.3      Issuance of Warrant Shares.  Upon exercise of a Warrant, the Warrant Agent
shall within a reasonable time notify the Company of such exercise and the
Company shall within a reasonable time issue and deliver to the Holder (i) a
certificate or certificates for the total number of Warrant Shares (or the Net
Number of Warrant Shares, as applicable) for which the Warrant is being
exercised in the name of such Holder or its designee and (ii) if the
Warrant is exercised with respect to fewer than all of the Warrant Shares
represented by the Warrant, a new Warrant representing the number of Warrant
Shares in respect of which the Warrant has not been exercised.  The Warrant Shares will be deemed to have
been issued, and the person in whose name any certificate representing Warrant
Shares will be issuable upon the exercise of the Warrant (as indicated in the
Exercise Notice) will be deemed to have become the holder of record of (and will
be treated for all purposes as the record holder of) the Warrant Shares
represented thereby, immediately prior to the close of business on the Business
Day upon which the Warrant is exercised in accordance with the terms hereof.  The issuance of certificates for Warrant
Shares upon the exercise of a Warrant will be made without charge to the Holder
for any issuance tax in respect thereof; provided, however, that the Company
will not be required to pay any tax which may be payable in respect of any transfer
involved in the issuance and delivery of any certificate in a name other than
that of the Holder.  The Company shall
not close its books against the transfer of any Warrant or any Warrant Shares
issued or issuable upon the exercise of such Warrant in any manner which
interferes with the timely exercise of any Warrant.

 

Section 3.3.4      Valid Issuance.  All Warrant Shares issued upon the proper
exercise of a Warrant in conformity with this Agreement shall be validly
issued, fully paid and nonassessable.

 

Section 4.                                            Adjustments. 
The number of Warrant Shares issuable upon the exercise of a Warrant and
the Warrant Price shall be adjusted upon the occurrence of certain events, as
provided in the Warrant.

 

Section 4.1     Certificate as to Adjustments.  Upon the occurrence of each anti-dilution
adjustment (or readjustment) pursuant to the antidilution provisions of the
Warrants, the Company at its expense shall promptly compute such adjustment or
readjustment in accordance with the terms thereof and furnish to the Warrant
Agent a certificate setting forth such adjustment or readjustment and showing
in reasonable detail the facts upon which such adjustment is based.

 

3

 

Section 5.                                            Transfer and
Exchange of Warrants.

 

Section 5.1     Registration of Transfer.  The Warrant Agent shall register the
transfer, from time to time, of any outstanding Warrant upon the Warrant
Register, upon surrender of such Warrant for transfer, properly endorsed with
signatures properly guaranteed and accompanied by written notice to the Company
at the office of the Warrant Agent in the form described in the Warrant (the “Transfer
Notice”).  Upon any such transfer, a
new Warrant or Warrants representing an equal aggregate number of Warrants
shall be issued in accordance with the Transfer Notice and the old Warrant
shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be
delivered by the Warrant Agent to the Company from time to time upon request.

 

Section 5.2     Procedure for Surrender of Warrants.  Warrants may be surrendered to the Warrant
Agent, together with the Transfer Notice, and thereupon the Warrant Agent shall
issue in exchange therefor one or more new Warrants as requested by the
registered holder of the Warrants so surrendered, representing an equal
aggregate number of Warrants.

 

Section 5.3     Service Charges.  No service charge shall be made for any
exchange or registration of transfer of Warrants.

 

Section 5.4     Warrant Execution and Countersignature.
The Warrant Agent is hereby authorized to countersign and to deliver, in
accordance with the terms of this Agreement, the Warrants required to be issued
pursuant to the provisions of this Section 5, and the Company,
whenever required by the Warrant Agent, will supply the Warrant Agent with
Warrants duly executed on behalf of the Company for such purpose.

 

Section 6.                                            Concerning
the Warrant Agent and Other Matters.

 

Section 6.1     Payment of Taxes. The Company will
from time to time promptly pay all taxes and charges that may be imposed upon
the Company or the Warrant Agent in respect of the issuance or delivery of
Warrant Shares upon the exercise of Warrants, but the Company shall not be
obligated to pay any transfer taxes in respect of the Warrants or Warrant
Shares.

 

Section 6.2     Resignation, Removal, Consolidation, or
Merger of Warrant Agent.

 

Section 6.2.1      Appointment of Successor Warrant Agent.
The Warrant Agent, or any successor to it hereafter appointed, may resign its
duties and be discharged from all further duties and liabilities hereunder
after giving 90 days’ written notice to the Company.  The Company may remove the Warrant Agent upon
60 days’ written notice of termination to the Warrant Agent.  If the office of the Warrant Agent becomes
vacant by resignation or incapacity to act or otherwise, the Company shall
appoint in writing a successor Warrant Agent in place of the Warrant
Agent.  If the Company shall fail to make
such appointment within a period of 60 days after it has been notified in
writing of such resignation or incapacity by the Warrant Agent or by the holder
of the Warrant (who 

 

4

 

shall, with such notice, submit his Warrant for inspection by
the Company), then the holder of any Warrant may apply to the Supreme Court of the
State of New York for the County of New York for the appointment of a successor
Warrant Agent at the Company’s cost.  Any
successor Warrant Agent, whether appointed by the Company or by such court,
shall be a corporation or other entity organized and existing under the laws of
the State of New York, in good standing and having its principal office in the
Borough of Manhattan, City and State of New York, and authorized under such
laws to exercise corporate trust powers and subject to supervision or examination
by federal or state authority.  After
appointment, any successor Warrant Agent shall be vested with all the
authority, powers, rights, immunities, duties, and obligations of its
predecessor Warrant Agent with like effect as if originally named as Warrant
Agent hereunder, without any further act or deed; but if for any reason it
becomes necessary or appropriate, the predecessor Warrant Agent shall execute
and deliver, at the expense of the Company, an instrument transferring to such
successor Warrant Agent all the authority, powers, and rights of such
predecessor Warrant Agent hereunder; and upon request of any successor Warrant
Agent the Company shall make, execute, acknowledge, and deliver any and all
instruments in writing for more fully and effectually vesting in and confirming
to such successor Warrant Agent all such authority, powers, rights, immunities,
duties, and obligations.

 

Section 6.2.2      Notice of Successor Warrant Agent.
In the event a successor Warrant Agent shall be appointed, the Company shall
give notice thereof to the predecessor Warrant Agent not later than the
effective date of any such appointment.

 

Section 6.2.3      Merger or Consolidation of Warrant
Agent.  Any corporation into which
the Warrant Agent may be merged or with which it may be consolidated or any
corporation resulting from any merger or consolidation to which the Warrant
Agent shall be a party shall be the successor Warrant Agent under this
Agreement without any further act.

 

Section 6.3     Fees and Expenses of Warrant Agent.

 

Section 6.3.1      Remuneration.  The Company agrees to pay the Warrant Agent
the fees outlined on Schedule A attached hereto and will reimburse the
Warrant Agent upon demand for all expenditures that the Warrant Agent may
reasonably incur in the execution of its duties hereunder.

 

Section 6.3.2      Further Assurances.  The Company agrees to perform, execute,
acknowledge, and deliver or cause to be performed, executed, acknowledged, and
delivered all such further and other acts, instruments, and assurances as may
reasonably be required by the Warrant Agent for the carrying out or performing
of the provisions of this Agreement.

 

Section 6.4     Liability of Warrant Agent.

 

Section 6.4.1      Reliance on Company Statement.  Whenever in the performance of its duties
under this Warrant Agreement, the Warrant Agent shall deem it 

 

5

 

necessary or desirable that any fact or matter be proved or
established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein
specifically prescribed) may be deemed to be conclusively proved and
established by a statement signed by the president, any vice president or the
general counsel of the Company and delivered to the Warrant Agent.  The Warrant Agent may rely upon such
statement for any action taken or suffered in good faith by it pursuant to the
provisions of this Agreement.

 

Section 6.4.2      Indemnity. The Warrant Agent shall
be liable hereunder only for its own gross negligence, willful misconduct or
bad faith.  The Company agrees to
indemnify the Warrant Agent and save it harmless against any and all
liabilities, including judgments, costs and reasonable counsel fees, for
anything done or omitted by the Warrant Agent in connection with this Agreement
except as a result of the Warrant Agent’s gross negligence, willful misconduct,
or bad faith.

 

Section 6.4.3      Exclusions. The Warrant Agent shall
have no responsibility with respect to the validity of this Agreement or with respect
to the validity or execution of any Warrant (except its countersignature
thereof); nor shall it be responsible for any breach by the Company of any
covenant or condition contained in this Agreement or in any Warrant; nor shall
it be responsible to make any adjustments required under the Warrant or
responsible for the manner, method, or amount of any such adjustment or the
ascertaining of the existence of facts that would require any such adjustment;
nor shall it by any act hereunder be deemed to make any representation or
warranty as to the authorization or reservation of any Warrant Shares to be
issued pursuant to this Agreement or any Warrant or as to whether any Warrant
Shares will when issued be valid and fully paid and nonassessable.

 

Section 6.5     Acceptance of Agency. The Warrant
Agent hereby accepts the agency established by this Agreement and agrees to
perform the same upon the terms and conditions herein set forth and among other
things, shall account promptly to the Company with respect to Warrants
exercised and concurrently account for, and pay to the Company, all moneys
received by the Warrant Agent for the purchase of shares of the Company’s
Common Stock through the exercise of Warrants.

 

Section 7.                                            Miscellaneous.

 

Section 7.1     Successors. All the covenants and
provisions of this Agreement by or for the benefit of the Company or the
Warrant Agent shall bind and inure to the benefit of their respective
successors and assigns.

 

Section 7.2     Notices. Any notice, statement or
demand authorized by this Warrant Agreement to be given or made by the Warrant
Agent or by the holder of any Warrant to or on the Company shall be
sufficiently given when so delivered if by hand or overnight delivery or if
sent by certified mail or private courier service within five days after
deposit of such 

 

6

 

notice, postage prepaid, addressed
(until another address is filed in writing by the Company with the Warrant
Agent), as follows:

 

Accuride
Corporation

77140 Office Circle

Evansville,
IN 47715

Attention: 
General Counsel

Facsimile:  (812) 962-5470

 

American Stock Transfer & Trust Co LLC 

59 Maiden Lane 

New York, N.Y. 10038

Attention: 
Corporate Secretary

 

Section 7.3     Applicable Law.  The validity, interpretation, and performance
of this Agreement and of the Warrants shall be governed in all respects by the
laws of the State of New York, without giving effect to conflict of laws.

 

Section 7.4     Examination of the Warrant Agent
Agreement.  A copy of this Agreement
shall be available at all reasonable times at the office of the Warrant Agent
for inspection by the registered holder of any Warrant.  The Warrant Agent may require any such holder
to submit his Warrant for inspection by it.

 

Section 7.5     Counterparts.  This Agreement may be executed in any number
of counterparts and each of such counterparts shall for all purposes be deemed
to be an original, and all such counterparts shall together constitute but one
and the same instrument.

 

Section 7.6     Effect of Headings.  The Section headings herein are for
convenience only and are not part of this Warrant Agreement and shall not
affect the interpretation thereof.

 

7

 

IN WITNESS WHEREOF, the
Company and the Warrant Agent have caused this Agreement to be executed by
their duly authorized officers as of the date first above written.

 

	
   

  	
   

  	
  COMPANY:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  ACCURIDE CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  WARRANT AGENT:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

Exhibit A

 

[Form of Warrant]

 

 

Schedule A

 

Warrant Agent Fees:

 

	
  Initial
  Issuance Fee:

  	
   

  	
  $

  	
  3,500.00

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Monthly
  Fee:

  	
   

  	
  $

  	
  1,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]