Document:

<PAGE>

                                                                     EXHIBIT 4.3

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                  EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

                                     among

                              INTIRA CORPORATION,

                                  as Issuer,

                                      and

                          THE PURCHASERS NAMED HEREIN

                         Dated as of January 31, 2000

                                 Relating to:

            $188,500,000 Aggregate Principal Amount at Maturity of
                      13% Senior Discount Notes Due 2010

================================================================================
<PAGE>

                               TABLE OF CONTENTS
                               -----------------

<TABLE>
<CAPTION>
                                                                            Page
                                                                            ----
<S>                                                                         <C>
1.   Definitions...........................................................    1

2.   Exchange Offer........................................................    5

3.   Shelf Registration....................................................    8

4.   Special Interest......................................................   10

5.   Registration Procedures...............................................   12

6.   Registration Expenses.................................................   21

7.   Indemnification.......................................................   21

8.   Underwritten Registrations............................................   25

9.   Miscellaneous.........................................................   25

     (a)  Remedies.........................................................   25
     (b)  No Inconsistent Agreements.......................................   25
     (c)  Amendments and Waivers...........................................   25
     (d)  Notices..........................................................   26
     (e)  Successors and Assigns...........................................   27
     (f)  Counterparts.....................................................   27
     (g)  Headings.........................................................   27
     (h)  Governing Law....................................................   27
     (i)  Severability.....................................................   27
     (j)  Notes Held by the Issuer or Its Affiliates.......................   28
     (k)  Third-Party Beneficiaries........................................   28
     (l)  Entire Agreement.................................................   28
</TABLE>

                                      -i-
<PAGE>

                  EXCHANGE AND REGISTRATION RIGHTS AGREEMENT

          EXCHANGE AND REGISTRATION RIGHTS AGREEMENT (the "Agreement") dated as
                                                           ---------
of January 31, 2000, by and among INTIRA CORPORATION, a Delaware corporation
(together with its successors, the "Issuer"), and THE PURCHASERS NAMED ON THE
                                    ------
SIGNATURE PAGES HEREIN (collectively, the "Purchasers").
                                           ----------

          This Agreement is entered into in connection with the Purchase
Agreement, dated as of January 31, 2000, by and among the Issuer and the
Purchasers (the "Purchase Agreement") relating to the sale by the Issuer to the
                 ------------------
Purchasers of (i) 188,500,000 initial aggregate principal amount at maturity of
the Issuer's 13% Senior Discount Notes Due 2010, (ii) Series A Warrants to
purchase 3,114,160 shares of Common Stock (the "Series A Warrants") of the
                                                -----------------
Issuer and (iii) Series B Warrants to purchase 1,070,160 shares of Common Stock
(the "Series B Warrants" and together with the Series A Warrants, the "Warrants"
      -----------------                                                --------
and together with the Notes, the "Securities") of the Issuer. In order to
                                  ----------
induce the Purchasers to enter into the Purchase Agreement, the Issuer has
agreed to provide the registration rights set forth in this Agreement for the
benefit of the holders of Registrable Notes (as defined), including, without
limitation, the Purchasers. The execution and delivery of this Agreement is a
condition to the Purchasers' obligation to purchase the Securities under the
Purchase Agreement. Capitalized terms used herein without definition shall have
their respective meanings set forth in the Purchase Agreement.

          The parties hereby agree as follows:

1.   Definitions
     -----------

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

          "Advice" is defined in the last paragraph of Section 5.
           ------

          "Agreement" is defined in the first introductory paragraph to this
           ---------
Agreement.

          "Applicable Period" is defined in Section 2(b).
           -----------------

          "Business Day" means any day other than a Legal Holiday.
           ------------

          "Closing Time" means the Closing Time as defined in the Purchase
           ------------
Agreement.
<PAGE>

                                      -2-

          "Commission" means the Securities and Exchange Commission, as from
           ----------
time to time constituted, created under the Exchange Act or, if at any time
after the execution of this Agreement such Commission is not existing and
performing the duties now assigned to it under the Exchange Act, then the body
performing such duties at such time.

          "Effectiveness Date" means the 180th day after the Notice Date, in the
           ------------------
case of the Exchange Registration Statement, and the earlier of the 180th day
after the delivery of the Shelf Notice or 60 days after the date on which an
Exchange Registration Statement would have had to be declared effective
hereunder, in the case of the Initial Shelf Registration.

          "Effectiveness Period" is defined in Section 3(a).
           --------------------

          "Event Date" is defined in Section 4(b).
           ----------

          "Exchange Act" means the Securities Exchange Act of 1934, as amended,
           ------------
and the rules and regulations promulgated by the Commission thereunder.

          "Exchange Notes" is defined in Section 2(a).
           --------------

          "Exchange Offer" is defined in Section 2(a).
           --------------

          "Exchange Registration Statement" is defined in Section 2(a).
           -------------------------------

          "Filing Date" means the 90th day after the Notice Date (regardless of
           -----------
whether the actual filing precedes such date).

          "Holder" means a Person in whose name a Note is registered on the
           ------
Issuer's register.

          "Indemnified Person" is defined in Section 7(c).
           ------------------

          "Indemnifying Person" is defined in Section 7(c).
           -------------------

          "Indenture" is defined in Section 2(a).
           ---------

          "Initial Shelf Registration" is defined in Section 3(a).
           --------------------------

          "Inspectors" is defined in Section 5(o).
           ----------

          "Issuer" is defined in the first introductory paragraph to this
           ------
Agreement.

          "Legal Holiday" means a Saturday, a Sunday or a day on which banking
           -------------
institutions in The City of New York or San Francisco, CA, are authorized by
law, regulation or
<PAGE>

                                      -3-

executive order to remain closed. If any payment date in respect of the Notes is
a Legal Holiday, then payment may be made at that place on the next succeeding
day that is not a Legal Holiday, and no interest shall accrue for the
intervening period.

          "NASD" means the National Association of Securities Dealers, Inc.
           ----

          "Notes" means the 13% Senior Discount Notes Due 2010 that are issued
           -----
under the Purchase Agreement, as amended or supplemented from time to time.

          "Notice Date" means the date on which the Issuer receives the notice
           -----------
from the Required Holders referred to in the first sentence of Section 2(a) or,
in connection with a Shelf Registration, the date on which the Issuer receives
the Shelf Notice from the Required Holders referred to in Section 2(c).

          "Participant" is defined in Section 7(a).
           -----------

          "Participating Broker-Dealer" is defined in Section 2(b).
           ---------------------------

          "Person" means any individual, corporation (including, without
           ------
limitation, a business trust, professional corporation and insurance company),
limited liability company, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization or government or any agency or
political subdivision thereof or any legally recognizable entity.

          "Prospectus" means the prospectus included in any Registration
           ----------
Statement (including, without limitation, any prospectus subject to completion
and a prospectus that includes any information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon
Rule 430A promulgated under the Securities Act), as amended or supplemented by
any prospectus supplement, with respect to the terms of the offering of any
portion of the Registrable Notes covered by such Registration Statement, and all
other amendments and supplements to the Prospectus, including post-effective
amendments, and all material incorporated by reference or deemed to be
incorporated by reference in such Prospectus.

          "Purchase Agreement" is defined in the second introductory paragraph
           ------------------
to this Agreement.

          "Purchasers" is defined in the first introductory paragraph to this
           ----------
Agreement.

          "Records" is defined in Section 5(o).
           -------
<PAGE>

                                      -4-

          "Registrable Notes" means each Note upon original issuance thereof and
           -----------------
at all times subsequent thereto and each Exchange Note if upon original issuance
thereof such Exchange Note may not be sold without restriction under federal
securities laws (other than due solely to the status of such Holder as an
affiliate of the Issuer within the meaning of the Securities Act) (a "Restricted
                                                                      ----------
Exchange Note") until, in the case of any such Note or Exchange Note, as the
-------------
case may be, the earliest to occur of (i) a Registration Statement (other than,
with respect to any Restricted Exchange Note) covering such Note or Exchange
Note, as the case may be, has been declared effective by the Commission and such
Note or Exchange Note, as the case may be, has been disposed of in accordance
with such effective Registration Statement; (ii) such Note or Exchange Note, as
the case may be, is sold in compliance with Rule 144; (iii) in the case of any
Note, such Note has been exchanged pursuant to the Exchange Offer for an
Exchange Note or Exchange Notes which may be resold without restriction under
federal securities laws; or (iv) such Note or Exchange Note, as the case may be,
ceases to be outstanding for purposes of the Purchase Agreement.

          "Registration Statement" means any registration statement of the
           ----------------------
Issuer, including, but not limited to, the Exchange Registration Statement, that
covers any of the Registrable Notes pursuant to the provisions of this
Agreement, including the Prospectus, amendments and supplements to such
registration statement, post-effective amendments, all exhibits and all material
incorporated by reference or deemed to be incorporated by reference in such
registration statement.

          "Reorganization" has the meaning set forth in the Purchase Agreement.
           --------------

          "Required Holders" means Holders holding a majority of the Accreted
           ----------------
Value of the Registrable Notes.

          "Restricted Exchange Notes" is defined in the definition of
           -------------------------
"Registrable Note."

          "Rule 144" means Rule 144 under the Securities Act, as such Rule may
           --------
be amended from time to time, or any similar rule (other than Rule 144A) or
regulation hereafter adopted by the Commission providing for offers and sales of
securities made in compliance therewith resulting in offers and sales by
subsequent holders of such securities that are not affiliates of the Issuer
being free of the registration and prospectus delivery requirements of the
Securities Act.

          "Rule 144A" means Rule 144A under the Securities Act, as such Rule may
           ---------
be amended from time to time, or any similar rule (other than Rule 144) or
regulation hereafter adopted by the Commission.
<PAGE>

                                      -5-

          "Rule 415" means Rule 415 under the Securities Act, as such Rule may
           --------
be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission.

          "Securities" is defined in the second introductory paragraph to this
           ----------
Agreement.

          "Securities Act" means the Securities Act of 1933, as amended, and the
           --------------
rules and regulations promulgated by the Commission thereunder.

          "Shelf Exchange" is defined in Section 3(a).
           --------------

          "Shelf Notice" is defined in Section 2(c).
           ------------

          "Shelf Registration" is defined in Section 3(b).
           ------------------

          "Special Interest" is defined in Section 4(a).
           ----------------

          "Subsequent Shelf Registration" is defined in Section 3(b).
           -----------------------------

          "TIA" means the Trust Indenture Act of 1939 (15 U.S.C. (S)(S) 77aaa-
           ---
77bbbb).

          "Transaction Documents" means the Transaction Documents as defined in
           ---------------------
the Purchase Agreement.

          "Trustee" means the trustee under the Indenture.
           -------

          "underwritten registration or underwritten offering" means a
           --------------------------------------------------
registration in which securities of the Issuer are sold to an underwriter for
reoffering to the public.

          "Warrants" is defined in the second introductory paragraph to this
           --------
Agreement.

2.  Exchange Offer
    --------------

          (a)  At any time after the earlier of February 2, 2001 or the
consummation of an Initial Public Equity Offering (as defined in the
Registration Rights and Stockholders Agreement, dated January 31, 2000), the
Issuer shall at the written request of Required Holders file a registration
statement with the Commission no later than the Filing Date, pursuant to which
the Issuer shall offer to exchange (the "Exchange Offer") any and all of the
                                         --------------
Registrable Notes for a like aggregate principal amount at maturity of debt
securities of the Issuer which are identical in all material respects to the
Notes (the "Exchange Notes") and which are entitled to the benefits of a trust
            --------------
indenture (the "Indenture") (A) which complies with all requirements of the
                ---------
Commission to effect or maintain the qualification thereof under the TIA and
<PAGE>

                                      -6-

which has been qualified under the TIA and (B) that is otherwise in form and
substance reasonably satisfactory to the Required Holders (which must be
considered in good faith within time frames that permit the Issuer to comply
with its obligations hereunder) containing the covenants set forth in Sections
6.01(a), (b), (c) and (e) (for delivery to the Trustee only) and (g) and
Sections 7 and 8, the events of default and remedies set forth in Section 11.01,
the redemption provisions, related definitions and other material terms of the
Notes (excluding, in any event, Sections 3, 4, 5, 6.01(d) and (f), 9 and 13) as
are set forth in the Purchase Agreement, customary "boilerplate" indenture
provisions and no others, except that the Exchange Notes shall have been
registered pursuant to an effective Registration Statement under the Securities
Act and shall contain no restrictive legend thereon, except as otherwise
specifically required by the other provisions of this Agreement.  The Issuer
shall not be obligated to effect more than one Exchange Offer.  The Exchange
Offer shall be registered under the Securities Act on the appropriate form (the
"Exchange Registration Statement") and shall comply with all applicable tender
 -------------------------------
offer rules and regulations under the Exchange Act. The Issuer agrees to use its
reasonable best efforts to (i) file the initial Exchange Registration Statement
with the Commission on or prior to the Filing Date; (ii) cause the Exchange
Registration Statement to be declared effective under the Securities Act on or
before the Effectiveness Date; (iii) keep the Exchange Offer open for at least
20 Business Days (or longer if required by applicable law) after the date that
notice of the Exchange Offer is first mailed to Holders; and (iv) consummate the
Exchange Offer on or prior to the 45th day following the date on which the
Exchange Registration Statement is declared effective. If after such Exchange
Registration Statement is initially declared effective by the Commission, the
Exchange Offer or the issuance of the Exchange Notes thereunder is interfered
with by any stop order, injunction or other order or requirement of the
Commission or any other governmental agency or court, then such Exchange
Registration Statement shall be deemed not to have become effective for purposes
of this Agreement. Each Holder who participates in the Exchange Offer will be
required to represent that any Exchange Notes received by it will be acquired in
the ordinary course of its business, that at the time of the consummation of the
Exchange Offer such Holder will have no arrangement or understanding with any
Person to participate in the distribution of the Exchange Notes, that such
Holder is not an affiliate of the Issuer within the meaning of the Securities
Act and any additional representations that in the written opinion of counsel to
the Issuer are necessary under then-existing interpretations of the Commission
in order for the Exchange Registration Statement to be declared effective. Upon
consummation of the Exchange Offer in accordance with this Section 2, the
provisions of this Agreement shall continue to apply, mutatis mutandis, solely
with respect to Registrable Notes that are Exchange Notes held by Participating
Broker-Dealers, and the Issuer shall have no further obligation to register
Registrable Notes (other than in respect of any Restricted Exchange Notes)
pursuant to Section 3 of this Agreement. No securities other than the Exchange
Notes shall be included in the Exchange Registration Statement.
<PAGE>

                                      -7-

          (b)  The Issuer shall include within the Prospectus contained in the
Exchange Registration Statement a section entitled "Plan of Distribution,"
reasonably acceptable to the Purchasers, which shall contain a summary statement
of the positions taken or policies made by the Commission with respect to the
potential "underwriter" status of any broker-dealer that is the beneficial owner
(as defined in Rule 13d-3 under the Exchange Act) of Exchange Notes received by
such broker-dealer in the Exchange Offer (a "Participating Broker-Dealer"),
                                             ---------------------------
whether such positions or policies have been publicly disseminated by the
Commission or such positions or policies, in the judgment of the Purchasers,
represent the prevailing views of the Commission. Such "Plan of Distribution"
section shall also allow, to the extent permitted by applicable policies and
regulations of the Commission, the use of the Prospectus by all Persons subject
to the prospectus delivery requirements of the Securities Act, including, to the
extent so permitted, all Participating Broker-Dealers and include a statement
describing the manner in which Participating Broker-Dealers may resell the
Exchange Notes.

          The Issuer shall use its reasonable best efforts to keep the Exchange
Registration Statement effective and to amend and supplement the Prospectus
contained therein, in order to permit such Prospectus to be lawfully delivered
by all Persons subject to the prospectus delivery requirements of the Securities
Act for such period of time as such Persons must comply with such requirements
in connection with offers and sales of the Exchange Notes, which period shall
not exceed 180 days from the date on which the Exchange Offer commences (the
"Applicable Period").  The Issuer shall provide sufficient copies of the latest
 -----------------
version of such Prospectus to such Persons, promptly upon request, and in no
event later than three (3) Business Days after such request, at any time during
such period.

          Interest on the Exchange Notes will accrete from the last interest
accretion date on which interest accreted on the Notes surrendered in exchange
therefor or, if no interest has accreted on the Notes, then from the Closing
Time.

          In connection with the Exchange Offer, the Issuer shall:

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

             (2) utilize the services of a depositary for the Exchange Offer
     with an address in the Borough of Manhattan, The City of New York, which
     may be the Trustee or an affiliate thereof;

             (3) permit Holders to withdraw tendered Registrable Notes at any
     time prior to the close of business, New York time, on the last Business
     Day on which the Exchange Offer shall remain open; and
<PAGE>

                                      -8-

             (4) otherwise comply in all material respects with all applicable
     laws.

          As soon as practicable after the close of the Exchange Offer, the
Issuer shall:

             (1) accept for exchange all Registrable Notes validly tendered and
     not validly withdrawn pursuant to the Exchange Offer;

             (2) deliver to the Trustee for cancellation all Registrable Notes
     so accepted for exchange; and

             (3) cause the Trustee to authenticate and deliver promptly to each
     Holder tendering such Registrable Notes, Exchange Notes, equal in aggregate
     principal amount at maturity to the Notes of such Holder so accepted for
     exchange.

          The Exchange Notes will be issued under the Indenture and the Exchange
Notes, and the Notes, if any, will vote and consent together on all matters as
one class, and none of the Exchange Notes or the Notes, if any, will have the
right to vote or consent as a separate class on any matter.

          (c)  In addition to conducting the Exchange Offer provided for in
Section 2(a) above, if (i) because of any change in law or in currently
prevailing interpretations of the Commission, the Issuer reasonably determines
in good faith, based upon written advice of qualified counsel (including,
without limitation, qualified in-house counsel), that it is not permitted to
effect the Exchange Offer; (ii) the Exchange Offer is not commenced on or prior
to the Effectiveness Date; (iii) the Exchange Offer is, for any reason, not
consummated on or prior to the 180th day after the Notice Date; (iv) in the case
of any Holder that participates in an Exchange Offer, the Issuer receives an
opinion of counsel (including, without limitation, qualified in-house counsel)
to such Holder reasonably acceptable to the Issuer to the effect that such
Holder did not receive Exchange Notes on the date of the exchange that may be
sold without restriction under federal securities laws; or (v) any Holder is an
Affiliate of the Issuer, then, (x) in the case of each of clause (i) through
(iv) of this sentence, the Issuer shall upon the request of the Required Holders
and (y) in the case of clause (v) of this sentence, the Issuer shall upon the
request of a Holder, in each case, at any time after the earlier of: (A)
February 2, 2001 and (B) the consummation of an Initial Public Equity Offering,
promptly deliver to the Holders a written notice thereof (the "Shelf Notice")
                                                               ------------
and shall file a Shelf Registration pursuant to Section 3; provided, however,
that the Issuer shall not be required to effect more than two Shelf
Registrations pursuant to clause (v) of this Section 2(c).

3.   Shelf Registration
     ------------------

          If a Shelf Notice is delivered as contemplated by Section 2(c), then:
<PAGE>

                                      -9-

          (a)  Shelf Registration.  The Issuer shall (i) privately exchange the
               ------------------
     Notes for Exchange Notes issued pursuant to the Indenture (such Exchange
     Notes to contain any appropriate restrictive legends as required by law) (a
     "Shelf Exchange") and (ii) as promptly as reasonably practicable file with
      --------------
     the Commission a Registration Statement for an offering to be made on a
     continuous basis pursuant to Rule 415 covering all of the Registrable Notes
     issued in the Shelf Exchange (the "Initial Shelf Registration"). The Issuer
                                        --------------------------
     shall file with the Commission the Initial Shelf Registration within 30
     days of the delivery of the Shelf Notice and shall use its reasonable best
     efforts to cause such Shelf Registration to be declared effective,
     supplemented, amended and current under the Securities Act on or prior to
     the Effectiveness Date. The Initial Shelf Registration shall be on Form S-1
     or another appropriate form permitting registration of all Exchange Notes
     constituting Registrable Notes for resale by Holders in the manner or
     manners designated by them (including, without limitation, one or more
     underwritten offerings). The Issuer shall not permit any securities other
     than the Registrable Notes to be included in any Shelf Registration. The
     Issuer shall use its reasonable best efforts to keep the Initial Shelf
     Registration continuously effective, supplemented, amended and current
     under the Securities Act until the date which is two years from the Closing
     Time (the "Effectiveness Period") or such shorter period ending when (i)
                --------------------
     all Registrable Notes covered by the Initial Shelf Registration have been
     sold in the manner set forth and as contemplated in the Initial Shelf
     Registration or (ii) a Subsequent Shelf Registration covering all of the
     Registrable Notes has been declared effective under the Securities Act.
     Any Exchange Notes issued under the Indenture in connection with a Shelf
     Exchange will vote and consent together on all matters as one class with
     Holders of Notes and Exchange Notes.  Interest on Registrable Notes issued
     in the Shelf Exchange will accrue interest from the last interest payment
     date on which interest was paid on the Notes surrendered in exchange
     therefor or, if no interest has been paid on the Notes, then from the
     Closing Time.

          (b)  Subsequent Shelf Registrations. If the Initial Shelf Registration
               ------------------------------
     or any Subsequent Shelf Registration (as defined) ceases to be effective
     for any reason at any time during the Effectiveness Period (other than
     because of the sale of all of the securities registered thereunder), then
     the Issuer shall use its commercially reasonable efforts to obtain the
     prompt withdrawal of any order suspending the effectiveness thereof and in
     any event shall within 30 days of such cessation of effectiveness amend the
     Shelf Registration in a manner to obtain the withdrawal of the order
     suspending the effectiveness thereof, or file an additional "shelf"
     Registration Statement pursuant to Rule 415 covering all of the Registrable
     Notes (a "Subsequent Shelf Registration").  If a Subsequent Shelf
               -----------------------------
     Registration is filed, then the Issuer shall use its commercially
     reasonable efforts to cause the Subsequent Shelf Registration to be
     declared effective as soon as practicable after such filing and to keep
     such Subsequent Shelf Registration
<PAGE>

                                      -10-

     continuously effective for a period equal to the number of days in the
     Effectiveness Period less the aggregate number of days during which the
     Initial Shelf Registration or any Subsequent Shelf Registrations was
     previously continuously effective. As used herein the term "Shelf
                                                                 -----
     Registration" means the Initial Shelf Registration and any Subsequent
     ------------
     Shelf Registration.

          (c)  Supplements and Amendments.  The Issuer shall promptly supplement
               --------------------------
     and amend any Shelf Registration if required by the rules, regulations or
     instructions applicable to the registration form used for such Shelf
     Registration, if required by the Securities Act, or if reasonably requested
     by the Holders of a majority in aggregate principal amount at maturity of
     the Registrable Notes covered by such Shelf Registration or by any
     underwriter of such Registrable Notes, in each case, with the Issuer's
     consent, which consent shall not be unreasonably withheld or delayed.

4.   Special Interest
     ----------------

          (a)  The Issuer and the Purchasers agree that the Holders of
Registrable Notes will suffer damages if the Issuer fails to fulfill its
obligations under Section 2 or Section 3 hereof and that it would not be
feasible to ascertain the extent of such damages with precision. Accordingly,
the Issuer agrees to pay, in cash, as liquidated damages, Special Interest on
the Registrable Notes ("Special Interest") under the circumstances and to the
                        ----------------
extent set forth below (each of which shall be given independent effect):

             (i) if (A) the Exchange Registration Statement has not been filed
     on or prior to the Filing Date or (B) notwithstanding that the Issuer has
     consummated or will consummate an Exchange Offer, the Issuer is required to
     file an Initial Shelf Registration and such Shelf Registration is not filed
     on or prior to the 90th day (or 30 days, if the Filing Date has occurred
     prior to the Shelf Notice being given) after delivery of the Shelf Notice,
     then, in the case of subclause (A), commencing on the day after the Filing
     Date or, in the case of subclause (B), commencing on the 91st day (or the
     31st day if the Filing Date has occurred prior to the Shelf Notice being
     given) following delivery of the Shelf Notice, Special Interest shall
     accrue on the Registrable Notes over and above the stated interest at a
     rate of 0.50% per annum of the Accreted Value of the Registrable Notes for
     the first 90 days immediately following the Filing Date or such 91st day
     (or the 31st day if the Filing Date has occurred prior to the Shelf Notice
     being given), as the case may be, such Special Interest rate increasing by
     an additional 0.25% per annum of the Accreted Value of the Registrable
     Notes at the beginning of each subsequent 90-day period;

             (ii) if (A) the Exchange Registration Statement is not declared
     effective on or prior to the Effectiveness Date applicable thereto or (B)
     notwithstanding that the Is-
<PAGE>

                                      -11-

     suer has consummated or will consummate an Exchange Offer, the Issuer is
     required to file an Initial Shelf Registration and such Shelf Registration
     is not declared effective by the Commission on or prior to the applicable
     Effectiveness Date, then, commencing on the day after such applicable
     Effectiveness Date, Special Interest shall accrue on the Registrable Notes
     over and above the stated interest at a rate of 0.50% per annum of the
     Accreted Value of the Registrable Notes for the first 90 days immediately
     following the day after the applicable Effectiveness Date, such Special
     Interest rate increasing by an additional 0.25% per annum of the Accreted
     Value of the Registrable Notes at the beginning of each subsequent 90-day
     period; and

             (iii) if (A) the Issuer has not exchanged Exchange Notes for all
     Notes validly tendered in accordance with the terms of the Exchange Offer
     on or prior to 45 days after the date on which the Exchange Registration
     Statement was declared effective; (B) the Exchange Registration Statement
     ceases to be effective prior to consummation of the Exchange Offer; or (C)
     if applicable, a Shelf Registration has been declared effective and such
     Shelf Registration ceases to be effective at any time during the
     Effectiveness Period, then Special Interest shall accrue on the Registrable
     Notes over and above the stated interest at a rate of 0.50% per annum of
     the Accreted Value of the Registrable Notes for the first 90 days
     commencing on the (x) 91st day after such effective date in the case of (A)
     above or (y) the day such Exchange Registration Statement or Shelf
     Registration ceases to be effective in the case of (B) and (C) above, such
     Special Interest rate increasing by an additional 0.25% per annum of the
     Accreted Value of the Registrable Notes at the beginning of each such
     subsequent 90-day period;

provided, however, that the Special Interest rate on the Registrable Notes may
not exceed in the aggregate 2.00% per annum of the Accreted Value of the
Registrable Notes; provided, further, that (1) upon the filing of the Exchange
Registration Statement or each Shelf Registration (in the case of (i) above);
(2) upon the effectiveness of the Exchange Registration Statement or each Shelf
Registration, as the case may be (in the case of (ii) above); or (3) upon the
exchange of Exchange Notes for all Registrable Notes tendered (in the case of
(iii)(A) above) or upon the effectiveness of an Exchange Registration Statement
or Shelf Registration which had ceased to remain effective (in the case of
(iii)(B) and (C) above), Special Interest on any Registrable Notes then accruing
Special Interest as a result of such clause (or the relevant subclause thereof),
as the case may be, shall cease to accrue.

          (b)  The Issuer shall notify the Holders within three business days
after each and every date on which an event occurs in respect of which Special
Interest is required to be paid (an "Event Date").  Any amounts of Special
                                     ----------
Interest due pursuant to (a)(i), (a)(ii) or (a)(iii) of this Section 4 will be
payable in cash semi-annually on each February 1 and August 1 (to the Holders of
Registrable Notes of record on the regular record date therefor (as
<PAGE>

                                      -12-

specified in the Purchase Agreement) immediately preceding such dates),
commencing with the first such date occurring after any such Special Interest
commences to accrue. The amount of Special Interest will be determined by
applying the applicable Special Interest rate to the Accreted Value of the Notes
outstanding on a daily basis during such period but utilizing a 360-day year
comprised of 12 30-day months. Notwithstanding the fact that any Registrable
Notes for which Special Interest is due thereafter cease to be Registrable
Notes, all obligations of the Issuer to pay Special Interest with respect to
such Registrable Notes shall survive until such time as such obligations with
respect to such Registrable Notes shall have been satisfied in full.

          (c)  The parties hereto agree that the Special Interest provided for
in this Section 4 constitutes the sole and exclusive remedy for a breach of
Sections 2 and 3 hereof and is a reasonable estimate of the damages that may be
incurred by Holders of Registrable Notes in the circumstances set forth in
Section 4(a).

5.   Registration Procedures
     -----------------------

          In connection with the filing of any Registration Statement pursuant
to Sections 2 or 3 hereof, the Issuer shall effect such registrations to permit
the sale of such securities covered thereby in accordance with the intended
method or methods of disposition thereof, and pursuant thereto and in connection
with any Registration Statement filed by the Issuer hereunder, the Issuer shall:

          (a)  Prepare and file with the Commission prior to the Filing Date,
     the Exchange Registration Statement or Shelf Registration, as the case may
     be, as prescribed by Section 2 or 3 and use its reasonable best efforts to
     cause each such Registration Statement to become effective and remain
     effective as provided herein; provided that, if (i) a Shelf Registration is
     filed pursuant to Section 3 or (ii) a Prospectus contained in an Exchange
     Registration Statement filed pursuant to Section 2 is required to be
     delivered under the Securities Act by any Participating Broker-Dealer who
     seeks to sell Exchange Notes during the Applicable Period and has advised
     the Issuer that it is a Participating Broker-Dealer, before filing any
     Registration Statement or Prospectus or any amendments or supplements
     thereto, then the Issuer shall, if requested, furnish to and afford the
     Holders of the Registrable Notes to be registered pursuant to such Shelf
     Registration or each such Participating Broker-Dealer, as the case may be,
     covered by such Registration Statement, their counsel and the managing
     underwriters, if any, a reasonable opportunity to review copies of all such
     documents (including copies of any documents to be incorporated by
     reference therein and all exhibits thereto) proposed to be filed (in each
     case at least five (5) Business Days prior to such filing). The Issuer
     shall not file any such Registration Statement or Prospectus or any
     amendments or supplements thereto if the Holders of a majority in aggregate
     principal amount at
<PAGE>

                                      -13-

     maturity of the Registrable Notes covered by such Registration Statement,
     or any such Participating Broker-Dealer, as the case may be, their counsel,
     or the managing underwriters, if any, shall reasonably object within five
     (5) Business Days of their receipt of such materials.

          (b)  Prepare and file with the Commission such amendments and post-
     effective amendments to each Shelf Registration or Exchange Registration
     Statement, as the case may be, as may be necessary to keep such
     Registration Statement continuously effective for the Effectiveness Period
     or the Applicable Period, as the case may be; cause the related Prospectus
     to be supplemented by any Prospectus supplement required by applicable law,
     and as so supplemented to be filed pursuant to Rule 424 (or any similar
     provisions then in force) under the Securities Act; and comply with the
     provisions of the Securities Act and the Exchange Act applicable to it with
     respect to the disposition of all securities covered by such Registration
     Statement as so amended or in such Prospectus as so supplemented and with
     respect to the subsequent resale of any securities being sold by a
     Participating Broker-Dealer covered by any such Prospectus. The Issuer
     shall be deemed not to have used its reasonable best efforts to keep a
     Registration Statement effective during the Applicable Period if it
     voluntarily takes any action that would result in selling Holders of the
     Registrable Notes covered thereby or Participating Broker-Dealers seeking
     to sell Exchange Notes not being able to sell such Registrable Notes or
     such Exchange Notes during that period unless such action is required by
     applicable law, rule or regulation or unless the Issuer complies with this
     Agreement, including, without limitation, the provisions of paragraph 5(k)
     hereof and the last paragraph of Section 5.

          (c)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer who seeks to sell Exchange Notes during
     the Applicable Period from whom the Issuer has received written notice that
     it will be a Participating Broker-Dealer, notify the selling Holders of
     Registrable Notes and each such Participating Broker-Dealer, their counsel
     and the managing underwriters, if any, promptly (but in any event within
     three Business Days), and confirm such notice in writing, (A) when a
     Prospectus or any Prospectus supplement or post-effective amendment has
     been filed, and, with respect to a Registration Statement or any post-
     effective amendment, when the same has become effective (including in such
     notice a written statement that any Holder may, upon request, obtain,
     without charge, one conformed copy of such Registration Statement or post-
     effective amendment including financial statements and schedules, documents
     incorporated or deemed to be incorporated by reference and exhibits); (B)
     of the issuance by the Commission of any stop order suspending the
     effectiveness
<PAGE>

                                      -14-

     of a Registration Statement or of any order preventing or suspending the
     use of any preliminary prospectus or the initiation of any proceedings for
     that purpose; (C) if at any time when a prospectus is required by the
     Securities Act to be delivered in connection with sales of the Registrable
     Notes the representations and warranties of the Issuer contained in any
     agreement (including any underwriting agreement contemplated by Section
     5(n) hereof) cease to be true and correct in any material respect; (D) of
     the receipt by the Issuer of any notification with respect to the
     suspension of the qualification or exemption from qualification of a
     Registration Statement or any of the Registrable Notes or the Exchange
     Notes to be sold by any Participating Broker-Dealer for offer or sale in
     any jurisdiction, or the initiation or threatening of any proceeding for
     such purpose; (E) of the happening of any event, the existence of any
     condition or any information becoming known that makes any statement made
     in such Registration Statement or related Prospectus or any document
     incorporated or deemed to be incorporated therein by reference untrue in
     any material respect or that requires the making of any changes in, or
     amendments or supplements to, such Registration Statement, Prospectus or
     documents so that, in the case of the Registration Statement, it will not
     contain any untrue statement of a material fact or omit to state any
     material fact required to be stated therein or necessary to make the
     statements therein not misleading, and that, in the case of the Prospectus,
     it will not contain any untrue statement of a material fact or omit to
     state any material fact required to be stated therein or necessary to make
     the statements therein, in light of the circumstances under which they were
     made, not misleading; and (F) of the Issuer's reasonable determination that
     a post-effective amendment to a Registration Statement would be
     appropriate.

          (d)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer who seeks to sell Exchange Notes during
     the Applicable Period, use its reasonable best efforts to prevent the
     issuance of any order suspending the effectiveness of a Registration
     Statement or of any order preventing or suspending the use of a Prospectus
     or suspending the qualification (or exemption from qualification) of any of
     the Registrable Notes or the Exchange Notes to be sold by any Participating
     Broker-Dealer, for sale in any jurisdiction, and, if any such order is
     issued, to use its commercially reasonable efforts to obtain the withdrawal
     of any such order at the earliest possible date.

          (e)  If a Shelf Registration is filed pursuant to Section 3 and if
     requested by the managing underwriters, if any, or the Holders of a
     majority in aggregate principal amount at maturity of the Registrable Notes
     being sold in connection with an underwritten offering, (i) as promptly as
     practicable incorporate in a prospectus supplement or post-effective
     amendment such information or revisions to information therein re-
<PAGE>

                                      -15-

     lating to such underwriters or selling Holders as the managing
     underwriters, if any, or such Holders or their counsel reasonably request
     to be included or made therein; (ii) make all required filings of such
     prospectus supplement or such post-effective amendment as soon as
     practicable after the Issuer has received notification of the matters to be
     incorporated in such prospectus supplement or post-effective amendment and
     (iii) supplement or make amendments to such Registration Statement.

          (f)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer who seeks to sell Exchange Notes during
     the Applicable Period, furnish to each selling Holder of Registrable Notes
     and to each such Participating Broker-Dealer who so requests and to counsel
     and each managing underwriter, if any, without charge, one conformed copy
     of the Registration Statement or Registration Statements and each post-
     effective amendment thereto, including financial statements and schedules,
     and, if requested, all documents incorporated or deemed to be incorporated
     therein by reference and all exhibits.

          (g)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer, deliver to each selling Holder of
     Registrable Notes or each such Participating Broker-Dealer, as the case may
     be, their respective counsel, and the underwriters, if any, without charge,
     as many copies of the Prospectus or Prospectuses (including each form of
     preliminary prospectus) and each amendment or supplement thereto and any
     documents incorporated by reference therein as such Persons may reasonably
     request; and, subject to the last paragraph of this Section 5, the Issuer
     hereby consents to the use of such Prospectus and each amendment or
     supplement thereto by each of the selling Holders of Registrable Notes and
     each Participating Broker-Dealer, and the underwriters or agents, if any,
     and dealers (if any), in connection with the offering and sale of the
     Registrable Notes covered by, or the sale by Participating Broker-Dealers
     of the Exchange Notes pursuant to, such Prospectus and any amendment or
     supplement thereto.

          (h)  Prior to any public offering of Registrable Notes or any delivery
     of a Prospectus contained in the Exchange Registration Statement by any
     Participating Broker-Dealer who seeks to sell Exchange Notes during the
     Applicable Period, use its reasonable best efforts to register or qualify,
     and cooperate with the selling Holders of Registrable Notes and each such
     Participating Broker-Dealer, the underwriters, if any, and their respective
     counsel in connection with the registration or qualification (or exemption
     from such registration or qualification) of such Registrable Notes or Ex-
<PAGE>

                                      -16-

     change Notes, as the case may be, for offer and sale under the securities
     or Blue Sky laws of such jurisdictions within the United States as any
     selling Holder, Participating Broker-Dealer, or the managing underwriter or
     underwriters, if any, reasonably request in writing; provided that where
     Exchange Notes held by Participating Broker-Dealers or Registrable Notes
     are offered pursuant to an underwritten offering, counsel to the
     underwriters shall, at the cost and expense of the Issuer, perform the Blue
     Sky investigations and file registrations and qualifications required to be
     filed pursuant to this Section 5(h); keep each such registration or
     qualification (or exemption therefrom) effective during the period such
     Registration Statement is required to be kept effective and do any and all
     other acts or things reasonably necessary or advisable to enable the
     disposition in such jurisdictions of the Exchange Notes by Participating
     Broker-Dealers or the Registrable Notes covered by the applicable
     Registration Statement; provided that the Issuer shall not be required to
     (i) qualify generally to do business in any jurisdiction where it is not
     then so qualified; (ii) take any action that would subject it to general
     service of process in any such jurisdiction where it is not then so
     subject; or (iii) subject itself to taxation in excess of a nominal dollar
     amount in any such jurisdiction where it is not then so subject.

          (i)  If a Shelf Registration is filed pursuant to Section 3, cooperate
     with the selling Holders of Registrable Notes, any Participating Broker-
     Dealer and the managing underwriter or underwriters, if any, to facilitate
     the timely preparation and delivery of certificates representing
     Registrable Notes to be sold, which certificates shall not bear any
     restrictive legends and shall be in a form eligible for deposit with The
     Depository Trust Company; and enable such Registrable Notes to be in such
     denominations and registered in such names as the managing underwriter or
     underwriters, if any, or Holders may reasonably request.

          (j)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer who seeks to sell Exchange Notes during
     the Applicable Period, upon the occurrence of any event contemplated by
     paragraph 5(c)(E) or 5(c)(F) hereof, as promptly as practicable prepare and
     (subject to Section 5(a) hereof) file with the Commission, at the Issuer's
     sole expense, a supplement or post-effective amendment to the Registration
     Statement or a supplement to the related Prospectus or any document
     incorporated or deemed to be incorporated therein by reference, or file any
     other required document so that, as thereafter delivered to the purchasers
     of the Registrable Notes being sold thereunder or to the purchasers of the
     Exchange Notes to whom such Prospectus will be delivered by a Participating
     Broker-Dealer, any such Prospectus will not contain an untrue statement of
     a material fact or omit to state a material fact required to be stated
<PAGE>

                                      -17-

     therein or necessary to make the statements therein, in light of the
     circumstances under which they were made, not misleading.

          (k)  Prior to the effective date of the first Registration Statement
     relating to the Registrable Notes, (i) provide the Trustee with
     certificates for the Registrable Notes in a form eligible for deposit with
     The Depository Trust Company; (ii) provide a CUSIP number for the
     Registrable Notes; and (iii) provide copies of the form of Indenture to the
     Trustee and the Holders.

          (l)  In connection with an underwritten offering of Registrable Notes
     pursuant to a Shelf Registration, enter into an underwriting agreement as
     is customary in underwritten offerings of debt securities similar to the
     Notes and take all such other actions as are reasonably requested by the
     managing underwriter or underwriters in order to expedite the registration
     or the disposition of such Registrable Notes and, in such connection, (i)
     make such representations and warranties to the underwriters, with respect
     to the business of the Issuer and its subsidiaries and the Registration
     Statement, Prospectus and documents, if any, incorporated or deemed to be
     incorporated by reference therein, in each case, as are customarily made by
     companies to underwriters in underwritten offerings of debt securities
     similar to the Notes and confirm the same in writing if and when reasonably
     requested; (ii) obtain the opinion of counsel to the Issuer and updates
     thereof in form and substance reasonably satisfactory to the managing
     underwriter or underwriters, addressed to the underwriters covering the
     matters customarily covered in opinions requested in underwritten offerings
     of debt securities similar to the Notes; (iii) obtain "cold comfort"
     letters and updates thereof in form and substance reasonably satisfactory
     to the managing underwriter or underwriters from the independent certified
     public accountants of the Issuer (and, if necessary, any other independent
     certified public accountants of any subsidiary of the Issuer or of any
     business acquired by the Issuer for which financial statements and
     financial data are, or are required to be, included in the Registration
     Statement), addressed to each of the underwriters, such letters to be in
     customary form and covering matters of the type customarily covered in
     "cold comfort" letters in connection with underwritten offerings of debt
     securities similar to the Notes; (iv) if an underwriting agreement is
     entered into, the same shall contain indemnification provisions and
     procedures no less favorable than those set forth in Section 7 hereof (or
     such other provisions and procedures acceptable to Holders of a majority in
     aggregate principal amount at maturity of Registrable Notes covered by such
     Registration Statement, the managing underwriter or underwriters or agents
     and the Issuer) with respect to all parties to be indemnified pursuant to
     such Section 7; and (v) deliver such other documents and certificates as
     may be reasonably requested by the managing underwriter or underwriters or
     selling Holders to evidence compliance with the matters covered in clauses
     (i) through (iv) above
<PAGE>

                                      -18-

     and with any customary conditions contained in any underwriting agreement
     entered into by the Issuer pursuant to this clause (l).

          (m)  If (i) a Shelf Registration is filed pursuant to Section 3 or
     (ii) a Prospectus contained in an Exchange Registration Statement filed
     pursuant to Section 2 is required to be delivered under the Securities Act
     by any Participating Broker-Dealer who seeks to sell Exchange Notes during
     the Applicable Period, make available for inspection by any selling Holder
     of such Registrable Notes being sold, and each Participating Broker-Dealer,
     any underwriter participating in any such disposition of Registrable Notes,
     if any, and any attorney, accountant or other agent retained by any such
     selling Holder, each Participating Broker-Dealer, as the case may be, or
     underwriter (collectively, the "Inspectors"), at the offices where normally
                                     ----------
     kept, during reasonable business hours, all financial and other records,
     pertinent corporate documents and properties of the Issuer and its
     subsidiaries (collectively, the "Records") as shall be reasonably necessary
                                      -------
     to enable them to exercise any applicable due diligence responsibilities,
     and cause the officers, directors and employees of the Issuer and its
     subsidiaries to supply all information reasonably requested by any such
     Inspector in connection with such Registration Statement.  Records which
     the Issuer determines, in good faith, to be confidential and any Records
     which it notifies the Inspectors are confidential shall not be disclosed by
     the Inspectors unless (i) the disclosure of such Records is necessary to
     avoid or correct a misstatement or omission in such Registration Statement;
     (ii) the release of such Records is ordered pursuant to a subpoena or other
     order from a court of competent jurisdiction; (iii) the information in such
     Records has been made generally available to the public other than as a
     result of a disclosure or failure to safeguard by such Inspector; or (iv)
     disclosure of such information is, in the opinion of counsel for any
     Inspector, necessary or advisable in connection with any action, claim,
     suit or proceeding, directly or indirectly, involving or potentially
     involving such Inspector and arising out of, based upon, related to, or
     involving this Agreement, or any transactions contemplated hereby or
     arising hereunder.  Each selling Holder of such Registrable Notes and each
     Participating Broker-Dealer will be required to agree that information
     obtained by it as a result of such inspections shall be deemed confidential
     and shall not be used by it as the basis for any market transactions in the
     securities of the Issuer unless and until such is made generally available
     to the public.  Each inspector, each selling Holder of such Registrable
     Notes and each Participating Broker-Dealer will be required to further
     agree that it will, upon learning that disclosure of such Records is sought
     in a court of competent jurisdiction pursuant to clauses (ii) or (iv) of
     the previous sentence or otherwise, give notice to the Issuer and allow the
     Issuer, at the Issuer's expense, to undertake appropriate action to obtain
     a protective order or otherwise prevent disclosure of the Records deemed
     confidential.
<PAGE>

                                      -19-

          (n)  Provide an indenture trustee for the Registrable Notes or the
     Exchange Notes, as the case may be, and cause the Indenture or the trust
     indenture provided for in Section 2(a) and 3(a), as the case may be, to be
     qualified under the TIA not later than the effective date of the Exchange
     Offer or the first Registration Statement relating to the Registrable
     Notes; and in connection therewith, cooperate with the trustee under any
     such indenture and the Holders of the Registrable Notes, to effect such
     changes to such indenture as may be required from time to time for such
     indenture to be so qualified in accordance with the terms of the TIA; and
     execute, and use its commercially reasonable efforts to cause such trustee
     to execute, all documents as may be required to effect such changes and all
     other forms and documents required to be filed with the Commission to
     enable such indenture to be so qualified in a timely manner.

          (o)  Comply with all applicable rules and regulations of the
     Commission and make generally available to its securityholders earnings
     statements satisfying the provisions of Section 11(a) of the Securities Act
     and Rule 158 thereunder (or any similar rule promulgated under the
     Securities Act) no later than 45 days after the end of any 12-month period
     (or 90 days after the end of any 12-month period if such period is a fiscal
     year) (i) commencing at the end of any fiscal quarter in which Registrable
     Notes are sold to underwriters in a firm commitment or best efforts
     underwritten offering and (ii) if not sold to underwriters in such an
     offering, commencing on the first day of the first fiscal quarter of the
     Issuer after the effective date of a Registration Statement, which
     statements shall cover said 12-month periods.

          (p)  Upon consummation of the Exchange Offer or a Shelf Exchange,
     obtain an opinion of counsel to the Issuer, in a form customary for
     underwritten transactions, addressed to the Trustee for the benefit of all
     Holders of Registrable Notes participating in the Exchange Offer or the
     Shelf Exchange, that the Exchange Notes or Registrable Notes, as the case
     may be, and the related indenture constitute legally valid and binding
     obligations of the Issuer, enforceable against the Issuer in accordance
     with their respective terms.

          (q)  If the Exchange Offer or the Shelf Exchange is to be consummated,
     upon delivery of the Registrable Notes by Holders to the Issuer (or to such
     other Person as directed by the Issuer) in exchange for the Exchange Notes
     or Registrable Notes, as the case may be, the Issuer shall mark, or cause
     to be marked, on the Registrable Notes being delivered for cancellation,
     that such Registrable Notes are being cancelled in exchange for the
     Exchange Notes or Registrable Notes issued in the Shelf Exchange, as the
     case may be; in no event shall Registrable Notes being delivered for
     cancellation be marked as paid or otherwise satisfied.
<PAGE>

                                      -20-

          (r)  Cooperate with each seller of Registrable Notes covered by any
     Registration Statement and each underwriter, if any, participating in the
     disposition of such Registrable Notes and their respective counsel in
     connection with any filings required to be made with the National
     Association of Securities Dealers, Inc.

          (s)  Use its reasonable best efforts to take all other steps necessary
     or advisable to effect the registration of the Registrable Notes covered by
     a Registration Statement contemplated hereby.

          The Issuer may require each seller of Registrable Notes as to which
any registration is being effected to furnish to the Issuer such information
regarding such seller and the distribution of such Registrable Notes as the
Issuer may, from time to time, reasonably request. The Issuer may exclude from
such registration the Registrable Notes of any seller who fails to furnish such
information within twenty (20) Business Days after receiving such request. With
respect to a Shelf Registration, no Holder who has failed to furnish such
information shall be entitled to the Special Interest provided for in Section 4
that would otherwise have accrued or be payable during the period of time
commencing with the end of such twenty-Business Day period ending on the date
such requested information is received by the Issuer. Each seller as to which
any Shelf Registration Statement is being effected agrees to furnish promptly to
the Issuer all information required to be disclosed in order to make the
information previously furnished to the Issuer by such seller not materially
misleading.

          Each Holder of Registrable Notes and each Participating Broker-Dealer
agrees by acquisition of such Registrable Notes or Exchange Notes to be sold by
such Participating Broker-Dealer, as the case may be, that, upon receipt of any
notice from the Issuer of the happening of any event of the kind described in
Section 5(c)(B), 5(c)(D), 5(c)(E), or 5(c)(F), such Holder will forthwith
discontinue disposition of such Registrable Notes covered by such Registration
Statement or Prospectus or Exchange Notes to be sold by such Holder or
Participating Broker-Dealer, as the case may be, and, in each case,
dissemination of such Prospectus until such Holder's or Participating Broker-
Dealer's receipt of the copies of the supplemented or amended Prospectus
contemplated by Section 5(k), or until it is advised in writing (the "Advice")
                                                                      ------
by the Issuer that the use of the applicable Prospectus may be resumed, and has
received copies of any amendments or supplements thereto. In the event the
Issuer shall give any such notice, each of the Effectiveness Period and the
Applicable Period shall be extended by the number of days during such periods
from and including the date of the giving of such notice to and including the
date when each seller of Registrable Notes covered by such Registration
Statement or Exchange Notes to be sold by such Participating Broker-Dealer, as
the case may be, shall have received (i) the copies of the supplemented or
amended Prospectus contemplated by Section 5(k) or (ii) the Advice.
<PAGE>

                                      -21-

6.   Registration Expenses
     ---------------------

          All reasonable fees and expenses incident to the performance of or
compliance with this Agreement by the Issuer shall be borne by the Issuer
whether or not the Exchange Offer or a Shelf Registration is filed or becomes
effective, including, without limitation, (i) all registration and filing fees
(including, without limitation, (A) fees with respect to filings required to be
made with the NASD in connection with an underwritten offering and (B) fees and
expenses of compliance with federal securities and state securities or Blue Sky
laws (including, without limitation, reasonable fees and disbursements of one
counsel in connection with Blue Sky qualifications of the Registrable Notes or
Exchange Notes and determination of the eligibility of the Registrable Notes or
Exchange Notes for investment under the laws of such jurisdictions (x) where the
holders of Registrable Notes are located, in the case of the Exchange Notes, or
(y) as provided in Section 5(h) hereof, in the case of Registrable Notes or
Exchange Notes to be sold by a Participating Broker-Dealer during the Applicable
Period)); (ii) printing expenses, including, without limitation, expenses of
printing certificates for Registrable Notes or Exchange Notes in a form eligible
for deposit with The Depository Trust Company; (iii) fees and disbursements of
all independent certified public accountants referred to in Section 5(m)(iii)
(including, without limitation, the expenses of any "cold comfort" letters
required by or incident to such performance); (iv) fees and expenses of all
other Persons retained by the Issuer (including fees and expenses of the
Trustee); (v) internal expenses of the Issuer (including, without limitation,
all salaries and expenses of officers and employees of the Issuer performing
legal or accounting duties); (vi) the expenses relating to printing, word
processing and distributing all Registration Statements, underwriting
agreements, securities sales agreements, indentures and any other documents
necessary in order to comply with this Agreement, but excluding any fees and
disbursements of underwriters, including, without limitation, underwriting
discounts, commissions and transfer taxes attributable to the sale of each
Registrable Note; (vii) any fees associated with making the Registrable Notes or
Exchange Notes eligible for trading through The Depository Trust Company; and
(viii) the reasonable expenses of Shulte Roth & Zabel LLP if retained by the
Required Holders, not to exceed $10,000 incurred in connection with reviewing
the Indenture under Section 2 (a).

7.   Indemnification
     ---------------

          (a)  The Issuer agrees to indemnify and hold harmless each Holder of
Registrable Notes and each Participating Broker-Dealer, the officers, directors,
employees and agents of each such Person, and each Person, if any, who controls
any such Person within the meaning of either Section 15 of the Securities Act or
Section 20 of the Exchange Act (each, a "Participant"), from and against any and
                                         -----------
all losses, claims, damages and liabilities (including, without limitation, the
reasonable legal fees and other reasonable expenses actually incurred in
connection with investigating or defending any suit, action or proceeding or any
claim asserted) caused by, arising out of or based upon any untrue statement or
alleged untrue state-
<PAGE>

                                      -22-

ment of a material fact contained in any Registration Statement or Prospectus
(as amended or supplemented if the Issuer shall have furnished any amendments or
supplements thereto) or caused by, arising out of or based upon any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading, except insofar as such losses,
claims, damages or liabilities are caused by any untrue statement or omission or
alleged untrue statement or omission made in reliance upon and in conformity
with information relating to any Participant furnished to the Issuer in writing
by or on behalf of such Participant expressly for use therein; provided,
however, that the Issuer shall not be liable if such untrue statement or
omission or alleged untrue statement or omission was contained or made in any
preliminary prospectus and corrected in the Prospectus or any amendment or
supplement thereto and the Prospectus does not contain any other untrue
statement or omission or alleged untrue statement or omission of a material fact
that was the subject matter of the related proceeding and any such loss,
liability, claim, damage or expense suffered or incurred by the Participants
resulted from any action, claim or suit by any Person who purchased Registrable
Notes or Exchange Notes which are the subject thereof from such Participant and
it is established in the related proceeding that such Participant failed to
deliver or provide a copy of the Prospectus (as amended or supplemented) to such
Person with or prior to the confirmation of the sale of such Registrable Notes
or Exchange Notes sold to such Person if required by applicable law, unless such
failure to deliver or provide a copy of the Prospectus (as amended or
supplemented) was a result of noncompliance by the Issuer with Section 5 of this
Agreement.

          (b)  Each Participant will be required to agree, severally and not
jointly, to indemnify and hold harmless the Issuer, its directors and officers
and each Person who controls the Issuer within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act to the same extent as the
foregoing indemnity from the Issuer to each Participant, but only with reference
to information relating to such Participant furnished to the Issuer in writing
by such Participant expressly for use in any Registration Statement or
Prospectus, any amendment or supplement thereto, or any preliminary prospectus.
The liability of any Participant under this paragraph shall in no event exceed
the proceeds received by such Participant from sales of Registrable Notes or
Exchange Notes giving rise to such obligations.

          (c)  If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnity may be sought pursuant to either of the
two preceding paragraphs, then such Person (the "Indemnified Person") shall
                                                 ------------------
promptly notify the Person against whom such indemnity may be sought (the
"Indemnifying Person") in writing, and the Indemnifying Person, upon request of
--------------------
the Indemnified Person, shall retain counsel reasonably satisfactory to the
Indemnified Person to represent the Indemnified Person and any others the
Indemnifying Person may reasonably designate in such proceeding and shall pay
the reasonable fees and ex-
<PAGE>

                                      -23-

penses actually incurred by such counsel related to such proceeding; provided,
however, that the failure to so notify the Indemnifying Person shall not relieve
it of any obligation or liability which it may have hereunder or otherwise. In
any such proceeding, any Indemnified Person shall have the right to retain its
own counsel, but the fees and expenses of such counsel shall be at the expense
of such Indemnified Person unless (i) the Indemnifying Person and the
Indemnified Person shall have mutually agreed in writing to the contrary; (ii)
the Indemnifying Person has failed within a reasonable time to retain counsel
reasonably satisfactory to the Indemnified Person; or (iii) the named parties in
any such proceeding (including any impleaded parties) include both the
Indemnifying Person and the Indemnified Person and representation of both
parties by the same counsel would be inappropriate due to actual or potential
differing interests between them. It is understood that, unless there is a
conflict among Indemnified Persons, the Indemnifying Person shall not, in
connection with any proceeding or related proceeding in the same jurisdiction,
be liable for the fees and expenses of more than one separate firm (in addition
to any local counsel) for all Indemnified Persons and that all such fees and
expenses shall be reimbursed as they are incurred. Any such separate firm for
the Participants and such control Persons of Participants shall be designated in
writing by Participants who sold a majority in interest of Registrable Notes
sold by all such Participants and any such separate firm for the Issuer, its
directors, officers and such control Persons of the Issuer shall be designated
in writing by the Issuer. The Indemnifying Person shall not be liable for any
settlement of any proceeding effected without its written consent, but if
settled with such consent or if there is a final non-appealable judgment for the
plaintiff, the Indemnifying Person agrees to indemnify any Indemnified Person
from and against any loss or liability by reason of such settlement or judgment.
Notwithstanding the foregoing sentence, if at any time an Indemnified Person
shall have requested an Indemnifying Person to reimburse the Indemnified Person
for reasonable fees and expenses actually incurred by counsel as contemplated by
the third sentence of this paragraph, the Indemnifying Person agrees that it
shall be liable for any settlement of any proceeding effected without its
consent if (i) such settlement is entered into more than 30 days after receipt
by such Indemnifying Person of the aforesaid request and (ii) such Indemnifying
Person shall not have reimbursed the Indemnified Person in accordance with such
request prior to the date of such settlement; provided, however, that the
Indemnifying Person shall not be liable for any settlement effected without its
consent pursuant to this sentence if the Indemnifying Person is contesting, in
good faith, the request for reimbursement. No Indemnifying Person shall, without
the prior written consent of the Indemnified Person, effect any settlement of
any pending or threatened proceeding in respect of which any Indemnified Person
is or could have been a party and indemnity could have been sought hereunder by
such Indemnified Person, unless such settlement (A) includes an unconditional
release of such Indemnified Person, in form and substance satisfactory to such
Indemnified Person, from all liability on claims that are the subject matter of
such proceeding and (B) does not include any statement as to an admission of
fault, culpability or failure to act by or on behalf of an Indemnified Person.
<PAGE>

                                      -24-

          (d)  If the indemnification provided for in the first and second
paragraphs of this Section 7 is legally unavailable to, and accordingly
insufficient to hold harmless, an Indemnified Person in respect of any losses,
claims, damages or liabilities referred to therein, then each Indemnifying
Person under such paragraphs, in lieu of indemnifying such Indemnified Person
thereunder and in order to provide for just and equitable contribution, shall
contribute to the amount paid or payable by such Indemnified Person as a result
of such losses, claims, damages or liabilities in such proportion as is
appropriate to reflect the relative fault of the Indemnifying Person or Persons
on the one hand and the Indemnified Person or Persons on the other in connection
with the statements or omissions (or alleged statements or omissions) that
resulted in such losses, claims, damages or liabilities (or actions in respect
thereof) as well as any other relevant equitable considerations.  The relative
fault of the parties 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 Issuer on the one hand or by the Participants or such other
Indemnified Person, as the case may be, on the other, the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission and any other equitable considerations appropriate
under the circumstances.

          (e)  The parties agree that it would not be just and equitable if
contribution pursuant to this Section 7 were determined by pro rata allocation
(even if the Participants were treated as one entity for such purpose) or by any
other method of allocation that does not take account of the equitable
considerations referred to in the immediately preceding paragraph.  The amount
paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in the immediately preceding paragraph shall
be deemed to include, subject to the limitations set forth above, any reasonable
legal or other expenses actually incurred by such Indemnified Person in
connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 7, in no event shall a
Participant be required to contribute any amount in excess of the amount by
which proceeds received by such Participant from sales of Registrable Notes or
Exchange Notes, as the case may be, exceeds the amount of any damages that such
Participant 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.

          (f)  The indemnity and contribution agreements contained in this
Section 7 will be in addition to any liability which the Indemnifying Persons
may otherwise have to the Indemnified Persons referred to above.
<PAGE>

                                      -25-

8.   Underwritten Registrations
     --------------------------

          If any of the Registrable Notes covered by any Shelf Registration are
to be sold in an underwritten offering, then the investment banker or investment
bankers and manager or managers that will manage the offering will be selected
by the Holders of a majority in aggregate principal amount at maturity of such
Registrable Notes included in such offering and reasonably acceptable to the
Issuer; provided, however, that the Issuer shall be entitled to select one co-
lead manager to administer such offering, which co-lead manager shall be
reasonably acceptable to the Holders of a majority in aggregate principal amount
at maturity of such Registrable Notes included in such offering.

          No Holder of Registrable Notes may participate in any underwritten
registration hereunder unless such Holder (a) agrees to sell such Holder's
Registrable Notes on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b)
completes and executes all questionnaires, powers of attorney, indemnities,
underwriting agreements and other documents required under the terms of such
underwriting arrangements.

9.   Miscellaneous
     -------------

          (a)  Remedies. Except as otherwise specifically provided herein, in
               --------
the event of a breach by the Issuer of any of its obligations under this
Agreement, each Holder of Registrable Notes and each Participating Broker-Dealer
holding Exchange Notes, in addition to being entitled to exercise all rights
provided herein, in the Indenture or, in the case of a Purchaser, in the
Purchase Agreement, or granted by law, including recovery of damages, will be
entitled to specific performance of its rights under this Agreement.  Except as
otherwise specifically provided herein, the Issuer agrees that monetary damages
would not be adequate compensation for any loss incurred by reason of a breach
by it of any of the provisions of this Agreement and hereby further agrees that,
in the event of any action for specific performance in respect of such breach,
it shall waive the defense that a remedy at law would be adequate.

          (b)  No Inconsistent Agreements. The Issuer has not entered into, as
               --------------------------
of the date hereof, and shall not enter into, after the date of this Agreement,
any agreement with respect to any of its securities that is inconsistent with
the rights granted to the Holders of Registrable Notes in this Agreement or
otherwise conflicts with the provisions hereof. The Issuer has not entered into
and shall not enter into any agreement with respect to any of the Issuer's
securities which will grant to any Person piggy-back rights with respect to a
Registration Statement.

          (c)  Amendments and Waivers. The provisions of this Agreement may not
               ----------------------
be amended, modified or supplemented, and waivers or consents to departures from
the provi-
<PAGE>

                                      -26-

sions hereof may not be given, otherwise than with the prior written consent of
(i) the Holders of not less than a majority in aggregate principal amount at
maturity of the then outstanding Registrable Notes and (ii) in circumstances
that would adversely affect Participating Broker-Dealers, the Participating
Broker-Dealers holding not less than a majority in aggregate principal amount at
maturity of the Exchange Notes held by all Participating Broker-Dealers;
provided, however, that Section 7 and this Section 10(c) may not be amended,
modified or supplemented without the prior written consent of each Holder and
each Participating Broker-Dealer (including any Person who was a Holder or
Participating Broker-Dealer of Registrable Notes or Exchange Notes, as the case
may be, disposed of pursuant to any Registration Statement). Notwithstanding the
foregoing, a waiver or consent to depart from the provisions hereof with respect
to a matter that relates exclusively to the rights of Holders of Registrable
Notes whose securities are being tendered pursuant to the Exchange Offer or sold
pursuant to a Registration Statement and that does not directly or indirectly
affect, impair, limit or compromise the rights of other Holders of Registrable
Notes may be given by Holders of at least a majority in aggregate principal
amount at maturity of the Registrable Notes being tendered or being sold by such
Holders pursuant to such Registration Statement.

          (d)  Notices. All notices and other communications provided for or
               -------
permitted hereunder shall be made in writing by hand-delivery, registered first-
class mail, next-day air courier or telecopier:

          (i)  if to a Holder of Registrable Notes, at the most current address
     of such Holder set forth on the records of the Issuer or the registrar
     under the Indenture, as the case may be; and

          (ii) if to the Issuer at 5667 Gibraltar Drive, Pleasanton, CA 94588,
     attention: Bernard Schneider, or at such other address as the Issuer shall
     have specified to each Holder in writing with a copy to Cahill Gordon &
     Reindel, 80 Pine Street, New York, NY 10005, attention: Jonathan A.
     Schaffzin, Esq.

          All such notices and communications shall be deemed to have been duly
given:  when delivered by hand, if personally delivered; five business days
after being deposited in the mail, postage prepaid, if mailed; one business day
after being timely delivered to a next-day air courier guaranteeing overnight
delivery; and when receipt is acknowledged by the addressee, if telecopied.

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

                                      -27-

          (e)  Successors and Assigns. This Agreement shall inure to the benefit
               ----------------------
of and be binding upon the successors and assigns of each of the parties hereto
and the Holders; 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 holds Registrable Notes.

          Notwithstanding anything herein to the contrary, the Issuer and its
Subsidiaries will be permitted to undertake the Reorganization at any time and,
upon the effectiveness of such Reorganization, Opco (if it is the Issuer) will
be released from all of the obligations hereunder; provided that the holding
company resulting from the Reorganization shall have assumed all of the
obligations of the Issuer and shall be substituted for (so that from and after
the date of the Reorganization, the provisions of this Agreement referring to
the "Issuer" shall refer instead to the new holding company and not to the
initial issuer), and may exercise every right and power of, the Issuer under
this Agreement with the same effect as if it had been named herein as the issuer
and the prior issuer shall be released from the obligations.

          (f)  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.

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

          (h)  Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
               -------------
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS
MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, EXCLUDING CHOICE-OF-LAW
PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE
LAWS OF A JURISDICTION OTHER THAN SUCH STATE. EACH OF THE PARTIES HERETO AGREES
TO SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.

          (i)  Severability. If any term, provision, covenant or restriction of
               ------------
this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, then the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of
<PAGE>

                                      -28-

the parties that they would have executed the remaining terms, provisions,
covenants and restrictions without including any of such that may be hereafter
declared invalid, illegal, void or unenforceable.

          (j)  Notes Held by the Issuer or Its Affiliates. Whenever the consent
               ------------------------------------------
or approval of Holders of a specified percentage of Registrable Notes is
required hereunder, Registrable Notes held by the Issuer or its affiliates (as
such term is defined in Rule 405 under the Securities Act) shall not be counted
in determining whether such consent or approval was given by the Holders of such
required percentage.

          (k)  Third-Party Beneficiaries. Holders of Registrable Notes and
               -------------------------
Participating Broker-Dealers are intended third-party beneficiaries of this
Agreement and this Agreement may be enforced by such Persons.

          (l)  Entire Agreement. This Agreement, together with the Purchase
               ----------------
Agreement is intended by the parties as a final and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject
matter contained herein and therein and any and all prior oral or written
agreements, representations, or warranties, contracts, understandings,
correspondence, conversations and memoranda between the Purchasers on the one
hand and the Issuer on the other, or between or among any agents,
representatives, parents, subsidiaries, affiliates, predecessors in interest or
successors in interest with respect to the subject matter hereof and thereof are
merged herein and replaced hereby.
<PAGE>

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

                                   INTIRA CORPORATION

                                   By: /s/ David S. Boone
                                      ________________________________
                                       Name:  David Boone
                                       Title: Chief Financial Officer
<PAGE>

                                      -2-

                                   ARES LEVERAGED INVESTMENT
                                    FUND, L.P.

                                   By: ARES MANAGEMENT, L.P., its
                                        General Partner

                                   By: /s/ Eric Beckman
                                      ________________________________
                                       Name:  Eric Beckman
                                       Title: Vice President

                                   ARES LEVERAGED INVESTMENT
                                    FUND II, L.P.

                                   By: ARES MANAGEMENT, L.P., its
                                        General Partner

                                   By: /s/ Eric Beckman
                                      ________________________________
                                       Name:  Eric Beckman
                                       Title: Vice President

                                   MAGNETITE ASSET INVESTORS L.L.C.

                                   By: BlackRock Financial Management, Inc.,
                                        As Managing Member

                                   By: /s/ Dennis M. Schaney
                                      ________________________________
                                       Name:  Dennis M. Schaney
                                       Title: Managing Director
<PAGE>

                                      -3-

                                   CARLYLE HIGH YIELD PARTNERS, L.P.

                                   By:  TCG High Yield, L.L.C.,
                                         its General Partner

                                   By:[UNINTELLIGIBLE]
                                      ________________________________
                                       Name:
                                       Title: Managing Director

                                   CB CAPITAL INVESTORS, LLC

                                   By: Chase Capital Partners, its Manager

                                   By: /s/ Richard D. Waters, Jr.
                                      ________________________________
                                       Name:  Richard D. Waters, Jr.
                                       Title: General Partner - Mezzanine

                                   CONTINENTAL CASUALTY COMPANY

                                   By: /s/ Richard W. Dubberke
                                      ________________________________
                                       Name: Richard W. Dubberke
                                       Title: Vice President
<PAGE>

                                   GOLDMAN SACHS ASSET MANAGEMENT,
                                    in its capacity as the investment adviser of
                                    the Goldman Sachs High Yield Fund,
                                    a separate series of the Goldman Sachs Trust

                                   By: /s/ Christopher Testa
                                       ---------------------------
                                       Name: Christopher Testa
                                       Title: Vice President

                                   GOLDMAN, SACHS & CO.,
                                    as delegate of Goldman Sachs Asset
                                    Management International, in its capacity as
                                    the investment adviser of the Goldman Sachs
                                    Global High Yield Portfolio, a separate
                                    series of Goldman Sachs Funds, S.I.C.A.V.

                                   By: /s/ Christopher Testa
                                       ---------------------------
                                       Name: Christopher Testa
                                       Title: Vice President

                                   OZ MASTER FUND, LTD.

                                   By: [UNINTELLIGIBLE]
                                       ---------------------------
                                       Name:
                                       Title:
<PAGE>

                                   SANKATY HIGH YIELD PARTNERS II, L.P.

                                   By:________________________________
                                       Name:
                                       Title:

                                   SANKATY HIGH YIELD ASSET PARTNERS, L.P.

                                   By:________________________________
                                       Name:
                                       Title:

                                   WAYLAND INVESTMENT FUND, LLC

                                   By: CFSC Wayland Advisors, Inc.,
                                        its Manager

                                   By: [ILLEGIBLE]
                                      --------------------------------
                                       Name:
                                       Title:

                                   CHASE SECURITIES INC.

                                   By: /s/ Jessica Laxman
                                      --------------------------------
                                      Name:  Jessica Laxman
                                      Title: Vice President

                                   WAYLAND INVESTMENT FUND, LLC

                                   By: CFSC Wayland Advisors, Inc.,
                                       its Manager

                                   By: [ILLEGIBLE]
                                      --------------------------------
                                      Name:
                                      Title:

                                   COINVESTMENT I, LLC

                                   By Laurence D. Fink,
                                   as Managing Member

                                   By: /s/ Laurence D. Fink
                                      --------------------------------
                                      Name:  Laurence D. Fink
                                      Title: Managing Member

                                   PUTMAN FIDUCIARY TRUST COMPANY on behalf of:

                                       PUTNAM HIGH YIELD FIXED INCOME FUND, LLC
                                       PUTNAM HIGH YIELD MANAGED TRUST

                                   By: /s/ John R. Verani
                                      --------------------------------
                                      Name:  John R. Verani
                                      Title: Senior Vice President

                                   PUTNAM INVESTMENT MANAGEMENT, INC. on behalf
                                   of:

                                       PUTNAM HIGH YIELD TRUST
                                       PUTNAM HIGH YIELD ADVANTAGE FUND
                                       PUTNAM VARIABLE TRUST-PVT HIGH YIELD FUND
                                       PUTNAM MASTER INCOME TRUST
                                       PUTNAM PREMIER INCOME TRUST
                                       PUTMAN MASTER INTERMEDIATE INCOME TRUST
                                       PUTNAM DIVERSIFIED INCOME TRUST
                                       PUTNAM FUNDS TRUST-PUTNAM HIGH YIELD
                                       PUTNAM STRATEGIC INCOME FUND
                                       PUTNAM VARIABLE TRUST-PVT DIVERSIFIED
                                       TRAVELERS SERIES FUND INC.-PUTNAM
                                       DIVERSIFIED INCOME

                                   By: /s/ John R. Verani
                                      --------------------------------
                                      Name:  John R. Verani
                                      Title: Senior Vice President

                                   THE PUTNAM ADVISORY COMPANY, INC. on behalf
                                   of:

                                       ABBOTT LABORATORIES ANNUITY RETIREMENT
                                       PLAN
                                       AMERITECH CORPORATION PENSION PLAN
                                       NORTHROP GRUMMAN EMPLOYEE BENEFIT PLAN

                                   By: /s/ John R. Verani
                                      --------------------------------
                                      Name:  John R. Verani
                                      Title: Senior Vice President
<PAGE>

                                   Sun America, Inc.
                                   ___________________________________

                                   Name of Purchaser

                                   By:/s/ Rafael Fogel
                                      --------------------------------
                                   Name: Rafael Fogel
                                   Title: Authorized Agent<PAGE>

                                                                     EXHIBIT 4.4

================================================================================
                 REGISTRATION RIGHTS AND STOCKHOLDERS AGREEMENT

                                     among

                              INTIRA CORPORATION,

                                   as Issuer,

                                      and

                                 THE PURCHASERS

                                  named herein

                          Dated as of January 31, 2000

================================================================================
<PAGE>

          THIS REGISTRATION RIGHTS AND STOCKHOLDERS AGREEMENT (the "Agreement")
                                                                    ---------
is made and entered into as of January 31, 2000, among Intira Corporation, a
Delaware corporation (the "Issuer"), and the Purchasers listed on the signature
                           ------
pages thereto (each a "Purchaser" and, collectively, the "Purchasers").
                       ---------                          ----------

          This Agreement is made pursuant to the Purchase Agreement, dated as of
January 31, 2000, between the Issuer and the Purchasers (the "Purchase
                                                              --------
Agreement"), relating to the sale by the Issuer to the Purchasers of (i)
---------
$188,500,000 initial aggregate principal amount at maturity of the Issuer's 13%
Senior Discount Notes Due 2010 (the "Notes"), (ii) Series A Warrants (the
                                     -----
"Series A Warrants") to purchase 3,114,160 shares of Common Stock of the Issuer
------------------
and (iii) Series B Warrants (the "Series B Warrants") to purchase 1,070,160
                                  -----------------
shares of Common Stock of the Issuer (collectively, the "Purchased Securities").
                                                         --------------------
In order to induce the Purchasers to enter into the Purchase Agreement, the
Issuer has agreed to provide to the Holders (as defined herein) the registration
rights and other rights for the Registrable Securities (as defined herein) set
forth in this Agreement.  The execution of this Agreement is a condition to the
obligations of the Purchasers to purchase the Purchased Securities under the
Purchase Agreement.

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

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

          "Advice" shall have the meaning ascribed to that term in the last
           ------
     paragraph of Section 4.

          "Affiliate" means, with respect to any specified Person:  (i) any
           ---------
     other Person directly or indirectly controlling or controlled by or under
     direct or indirect common control with such specified Person; (ii) any
     other Person that owns, directly or indirectly, 10% or more of such
     specified Person's Capital Stock or any officer or director of any such
     specified Person or other Person or, with respect to any natural Person,
     any person having a relationship with such Person by blood, marriage or
     adoption no more remote than first cousin; or (iii) any other Person 10% or
     more of the Voting Stock of which is beneficially owned or held directly or
     indirectly by such specified Person.  For the purposes of this definition,
     "control" when used with respect to any specified Person means the power to
     direct the management and policies of such Person, directly or indirectly,
     whether through ownership of voting securities, by contract or otherwise;
     and the terms "controlling" and "controlled" have meanings correlative to
     the foregoing.  With respect to a Purchaser, an Affiliate shall also
     include, without limitation, any Person managed or advised by, or
     controlling or under common control with, such Purchaser or any of its
     Affiliates.
<PAGE>

                                      -3-

          "Agreement" shall have the meaning ascribed to that term in the
           ---------
     preamble hereto.

          "Blackout Period" shall have the meaning ascribed to that term in
           ---------------
     Section 2.1.

          "Board of Directors" shall mean the Board of Directors of the Issuer
           ------------------
     or any authorized committee of such Board of Directors.

          "Business Day" shall mean a day that is not a Legal Holiday.
           ------------

          "Capital Stock" shall mean, (i) with respect to any Person that is a
           -------------
     corporation, any and all shares, interests, participations or other
     equivalents (however designated and whether or not voting) of corporate
     stock, including each class of common stock and preferred stock of such
     Person; (ii) with respect to any Person that is not a corporation, any and
     all partnership, membership or other equity interests of such Person; and
     (iii) any rights, warrants or options exchangeable for or convertible into
     any of the foregoing.

          "Common Stock" shall mean the authorized Common Stock, $.001 par
           ------------
     value, of the Issuer, and any stock into which such Common Stock may
     thereafter be converted or changed.

          "Demand" shall have the meaning ascribed to that term in Section 2.1.
           ------

          "Demand Registration" shall have the meaning ascribed to that term in
           -------------------
     Section 2.1.

          "Disinterested Directors" shall mean, with respect to any transaction
           -----------------------
     or series of related transactions, a member of the Board of Directors who
     does not have any material direct or indirect financial interest in or with
     respect to such transaction or series of related transactions.

          "Effectiveness Period" shall have the meaning ascribed to that term in
           --------------------
     Section 2.1.

          "Exchange Act" shall mean the Securities Exchange Act of 1934, as
           ------------
     amended from time to time.

          "Fair Market Value" shall mean with respect to any asset or property,
           -----------------
     the price which could be negotiated in an arm's-length free market
     transaction, for cash, between an informed and willing seller and an
     informed and willing buyer neither of which is under pressure or compulsion
     to complete the transaction.  Fair Market Value
<PAGE>

                                      -4-

     shall be conclusively determined by the Board of Directors acting in good
     faith evidenced by a board resolution thereof.

          "Holder" shall mean each of the Purchasers, for so long as the
           ------
     Purchasers own any Registrable Securities, and their successors, assigns
     and direct and indirect transferees who become registered owners of
     Registrable Securities.

          "Included Securities" shall have the meaning ascribed to that term in
           -------------------
     the Section 3.3.

          "Initial Public Equity Offering" shall mean the first underwritten
           ------------------------------
     public offering (but excluding any offering pursuant to Form S-8 under the
     Securities Act or any other publicly registered offering pursuant to the
     Securities Act pertaining to an issuance of shares of Common Stock or
     securities exercisable therefor under any benefit plan, employee
     compensation plan, or employee or director stock purchase plan) of Common
     Stock of the Issuer pursuant to an effective registration statement under
     the Securities Act.

          "Issuer" shall have the meaning ascribed to that term in the preamble
           ------
     hereto and shall also include the Issuer's successors.

          "Legal Holiday" shall mean a Saturday, a Sunday or a day on which
           -------------
     banking institutions in The City of New York or San Francisco, California
     or at a place of payment are authorized by law, regulation or executive
     order to remain closed.

          "Lock-Up Period" shall have the meaning ascribed to that term in
           --------------
     Section 2.1.

          "Person" means any individual, corporation (including, without
           ------
     limitation, a business trust, professional corporation and insurance
     company), limited liability company, partnership, joint venture,
     association, joint-stock company, trust, unincorporated organization or
     government or any agency or political subdivision thereof or any legally
     recognizable entity.

          "Piggy-Back Registration" shall have the meaning ascribed to that term
           -----------------------
     in Section 2.2.

          "Prospectus" shall mean the prospectus included in any Registration
           ----------
     Statement (including, without limitation, a prospectus that discloses
     information previously omitted from a prospectus filed as part of an
     effective registration statement in reliance upon Rule 430A promulgated
     pursuant to the Securities Act), as amended or supplemented by any
     prospectus supplement, with respect to the terms of the offering of any
     portion of the Registrable Securities covered by such Registration
     Statement, and all
<PAGE>

                                      -5-

     other amendments and supplements to any such prospectus, including post-
     effective amendments, and all material incorporated by reference or deemed
     to be incorporated by reference, if any, in such prospectus.

          "Purchase Agreement" shall have the meaning ascribed to that term in
           ------------------
     the preamble hereto.

          "Purchased Securities" shall have the meaning ascribed to that term in
           --------------------
     the preamble hereto.

          "Purchasers" shall have the meaning ascribed to that term in the
           ----------
     preamble hereto.

          "Registrable Securities" shall mean the Warrant Shares deliverable
           ----------------------
     upon exercise of the Warrants, as adjusted from time to time in accordance
     with the Warrants.  As to any particular Registrable Securities, once
     issued such securities shall cease to be Registrable Securities when (a) a
     Registration Statement with respect to the sale of such securities by the
     Holder thereof shall have been declared effective under the Securities Act
     and such securities shall have been disposed of by such Holder in
     accordance with such Registration Statement; (b) such securities shall be
     eligible for sale to the public pursuant to Rule 144 (or any successor
     provision) promulgated under the Securities Act without being subject to
     the volume limitations in Rule 144(e) (assuming that for purposes of this
     clause (b) that no Holder is an affiliate (as defined in Rule 144) and the
     Warrants are exercised on a cashless basis as provided therein) of the
     Issuer; (c) such securities shall have been otherwise transferred and new
     certificates for them not bearing a legend restricting further transfer
     shall have been delivered by the Issuer and subsequent disposition of such
     securities shall not require registration or qualification under the
     Securities Act or any similar state law then in force; or (d) such
     securities shall have ceased to be outstanding.

          "Registration Expenses" shall mean all expenses incident to the
           ---------------------
     Issuer's performance of or compliance with this Agreement, including,
     without limitation, all SEC and stock exchange or National Association of
     Securities Dealers, Inc. registration and filing fees and expenses, fees
     and expenses of compliance with securities or blue sky laws (including,
     without limitation, in the event of an underwritten offering, reasonable
     fees and disbursements of counsel for the underwriters in connection with
     blue sky qualifications of the Registrable Securities), rating agency fees,
     printing expenses, messenger, telephone and delivery expenses, fees and
     disbursements of counsel for the Issuer and all independent certified
     public accountants, and, in the event of an underwritten offering, the fees
     and disbursements of underwriters customarily paid by issuers or sellers of
     securities (but not including any underwriting discounts or commis-
<PAGE>

                                      -6-

     sions or transfer taxes, if any, or fees and expenses of counsel and/or
     experts for the Holders, in each case attributable to the sale of
     Registrable Securities by Holders of such Registrable Securities).

          "Registration Statement" shall mean any registration statement of the
           ----------------------
     Issuer which covers any of the Registrable Securities pursuant to the
     provisions of this Agreement and all amendments and supplements to any such
     Registration Statement, including post-effective amendments, in each case
     including the Prospectus contained therein, all exhibits thereto and all
     material incorporated by reference therein.

          "Requisite Shares" shall mean a number of Registrable Securities
           ----------------
     equivalent to more than 50% of the Warrant Shares issuable pursuant to the
     Warrants as of the date hereof; provided that no account shall be taken of
                                     --------
     the Registrable Securities underlying the Series B Warrants prior to the
     Triggering Event with respect to the Series B Warrants.

          "Rule 144" shall mean Rule 144 under the Securities Act (or any
           --------
     successor provision), as it may be amended from time to time.

          "Rule 144A" shall mean Rule 144A under the Securities Act (or any
           ---------
     successor provision), as such Rule may be amended from time to time.

          "SEC" shall mean the Securities and Exchange Commission.
           ---

          "Securities Act" shall mean the Securities Act of 1933, as amended and
           --------------
     the rules and regulations promulgated by the Commission thereunder.

          "Series A Warrants" shall have the meaning ascribed to that term in
           -----------------
     the preamble hereto.

          "Series B Warrants" shall have the meaning ascribed to that term in
           -----------------
     the preamble hereto.

          "Triggering Event" shall mean, as to any Registrable Securities, the
           ----------------
     occurrence of the Exercisability Date as defined in the Warrant; provided
                                                                      --------
     that, in the case of the Series B Warrants, a Disqualifying Event (as
     defined in the Series B Warrant) shall not previously have occurred.

          "Voting Stock" shall mean any class or classes of Capital Stock
           ------------
     pursuant to which the holders thereof have the general voting power under
     ordinary circumstances to elect at least a majority of the Board of
     Directors, managers or trustees of any Person (irrespective of whether or
     not, at the time, stock of any other class or classes shall
<PAGE>

                                      -7-

     have, or might have, voting power by reason of the happening of any
     contingency); provided that the Issuer Preferred Stock will be considered
                   --------
     Voting Stock to the extent, at any time, the voting rights therein entitle
     the holders thereof to designate a director.

          "Warrants" shall mean the Series A Warrants and Series B Warrants sold
           --------
     to the Purchasers pursuant to the Purchase Agreement, whether held by any
     of them or any subsequent assignee or transferee.

          "Warrant Shares" shall, with respect to Series A Warrants, have the
           --------------
     meaning provided in the Series A Warrants, and, with respect to the Series
     B Warrants, have the meaning provided in the Series B Warrants.

          "Withdrawal Election" shall have the meaning ascribed to that term in
           -------------------
     Section 2.3.

          2.   Registration Rights and Other Rights and Obligations of the
               -----------------------------------------------------------
Holders.
-------

          2.1. Demand Registration.  (a)  Request for Registration.  At any time
               -------------------        ------------------------
on or after the earlier of (1) the 140th day following an Initial Public Equity
Offering or (2) the occurrence of a Triggering Event, Holders owning,
individually or in the aggregate, at least the Requisite Shares may make up to
two written requests (a "Demand") for registration under the Securities Act of
                         ------
their Registrable Securities (a "Demand Registration"); provided that (i) it
                                 -------------------    --------
shall not be necessary to exercise any Warrants except in connection with a sale
of the underlying Registrable Securities and (ii) no Demand may be made to
register Registrable Securities constituting or underlying Series B Warrants
prior to the Triggering Event with respect to such Registrable Securities. Any
such Demand will specify the number of Registrable Securities proposed to be
sold and will also specify the intended method of disposition thereof. Subject
to the other provisions of this Section 2.1, the Issuer shall give written
notice of such Demand within 10 days after the receipt thereof to all other
Holders. Within 15 days after receipt of such notice by any Holder, such Holder
may request in writing that its Registrable Securities be included in such
registration and the Issuer shall include in the Demand Registration the
Registrable Securities of any such selling Holder requested to be so included.
Each such request by such other selling Holders shall specify the number of
Registrable Securities proposed to be sold and the intended method of
disposition thereof. Upon a Demand, the Issuer will (i) prepare and file within
45 days of such Demand and use its reasonable best efforts to cause to become
effective within 90 days of such filing a Registration Statement in respect of
all the Registrable Securities which Holders request for inclusion therein;
provided that if such Demand occurs during a Black Out Period (as defined below)
--------
or a period (not to exceed 180 days) during which the Issuer is prohibited or
restricted from issuing, selling or registering Common Stock pursuant to any
underwriting or purchase agreement relating to an underwritten public offering
of Common Stock or securities convertible into or exchangeable
<PAGE>

                                      -8-

for Common Stock under Rule 144A or registered under the Securities Act or any
agreement with a securityholder of the Issuer exercising registration rights
pursuant to the agreements set forth in Schedule 1 attached hereto (a "Lock-Up
                                        ----------                     -------
Period"), the Issuer shall not be required to file such Registration Statement
------
prior to the end of the Black Out Period or Lock-Up Period, as the case may be,
in which event, the Issuer will use its best efforts to cause such Registration
Statement to become effective no later than the later of (a) 180 days after such
Demand, (b) 90 days after the end of the Black Out Period or Lock-Up Period or
(c) the date that would otherwise apply under this clause (i) above, as the case
may be; provided, further, that in the case of a Lock-Up Period under an
        --------  -------
underwriting agreement for the Initial Public Equity Offering, the foregoing
proviso shall not otherwise delay the Issuer's obligations hereunder and (ii)
keep such Registration Statement effective for the shorter of (a) 60 days and
(b) such period of time as all of the Registrable Securities included in such
Registration Statement have been sold thereunder (the "Effectiveness Period").
                                                       --------------------
Notwithstanding anything set forth in the immediately preceding sentence, the
Issuer may postpone the filing period, suspend the effectiveness of any
registration, suspend the use of any Prospectus and shall not be required to
amend or supplement the Registration Statement, any related Prospectus or any
document incorporated therein by reference (other than an effective registration
statement being used for an underwritten offering) in the event that, and for a
period, in the case of any particular Demand Registration, not to exceed an
aggregate of 60 days ("Black Out Period") if (i) an event or circumstance occurs
                       ----------------
and is continuing as a result of which the Registration Statement, any related
Prospectus or any document incorporated therein by reference as then amended or
supplemented would, in the Issuer's good faith judgment, based on advice of
qualified counsel, contain 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, and
(ii)(A) the Issuer determines in its good faith judgment that the disclosure of
such event at such time would have a material adverse effect on the business,
operations or prospects of the Issuer or (B) the disclosure otherwise relates to
a material business transaction which has not yet been publicly disclosed;
provided, further that, if the effectiveness of any Registration Statement is
--------  -------
suspended as a result of a Black Out Period, the Effectiveness Period shall be
extended by the number of days in any Black Out Period. Any suspension with
respect to the Registration Statement shall not be limited in the aggregate
(other than as set forth above), but each such Black Out Period shall continue
only for as long as reasonably necessary, in the good faith judgment of the
Issuer, to avoid the circumstances described in clauses (i) and (ii) above or to
amend the Registration Statement or supplement the Prospectus to comply with the
requirements of the Securities Act.

          In the event of the occurrence of any Black Out Period during an
Effectiveness Period or Lock-Up Period, the Issuer will promptly notify the
Holders of Registrable Securities thereof in writing.
<PAGE>

                                      -9-

          (b)  Effective Registration.  Except as specifically provided herein,
               ----------------------
the Issuer is only required to effect two Demand Registrations under this
Agreement (whether or not all of the Holders of Registrable Securities elect to
participate in such Demand Registration on the basis set forth herein).  A
registration will not be deemed to have been effected as a Demand Registration,
and thereby satisfy the obligation hereunder, unless it has been declared
effective by the SEC and the Issuer has complied in all material respects with
its obligations under this Agreement with respect thereto, subject to the
penultimate sentence of this Section 2.1(b); provided that if, after it has
                                             --------
become effective, the offering of Registrable Securities pursuant to such
registration is or becomes the subject of any stop order, injunction or other
order or requirement of the SEC or any other governmental or administrative
agency, or if any court prevents or otherwise limits the sale of Registrable
Securities pursuant to the registration (for any reason other than the act or
omissions of the Holders) for the period of time contemplated hereby, such
registration will be deemed not to have been effected.  If (i) a registration
requested pursuant to this Section 2.1 is deemed not to have been effected or
(ii) the registration requested pursuant to this Section 2.1 does not remain
effective for the Effectiveness Period, then the Issuer shall not be deemed to
have effected a Demand Registration and its obligations pursuant to this Section
2.1 will continue.  The Holders of Registrable Securities shall be permitted to
withdraw all or any part of the Registrable Securities from a Demand
Registration at any time prior to the effective date of such Demand
Registration.  If at any time a Registration Statement is filed pursuant to a
Demand Registration, and subsequently a sufficient number of the Registrable
Securities are withdrawn from the Demand Registration so that such Registration
Statement does not cover that number of Registrable Securities at least equal to
25% of the Shares outstanding as of such date, the Holders who have not
withdrawn their Registrable Securities shall have the opportunity to include an
additional number of Registrable Securities in the Demand Registration so that
such Registration Statement covers that number of Registrable Securities at
least equal to 25% of the Registrable Securities outstanding as of such date.
If an additional number of Registrable Securities is not so included, the Issuer
may withdraw the Registration Statement.  Such withdrawn Registration Statement
will nonetheless count as a Demand Registration pursuant to this Section 2.1.
Except as set forth in the last sentence of Section 2.1(c), without the prior
written consent of the Requisite Holders no other securityholder of the Issuer
shall be permitted to include their securities in a Demand Registration.

          (c)  Priority in Demand Registrations Pursuant to Section 2.1.  If a
               --------------------------------------------------------
Demand Registration pursuant to this Section 2.1 involves an underwritten
offering and the lead managing underwriter advises the Issuer in writing that,
in its view, the number of Registrable Securities requested by the Holders to be
included in such registration, together with any other securities permitted to
be included in such registration exceeds the number which, in the view of such
lead managing underwriter, can be sold, then the number of such Registrable
Securities to be included in such registration shall be allocated pro rata among
                                                                  --------
all requesting Holders
<PAGE>

                                      -10-

on the basis of the relative number of Registrable Securities then held by each
such Holder (provided that any Registrable Securities thereby allocated to any
such Holder that exceed such Holder's request shall be reallocated among the
remaining requesting Holders in like manner). In the event that the number of
Registrable Securities requested to be included in such registration is less
than the number which, in the view of the lead managing underwriter, can be
sold, other securityholders of the Issuer may include in such registration the
securities such securityholders propose to sell up to the number of securities
that, in the view of the lead managing underwriter, can be sold without
materially and adversely affecting the success of the offering, including the
price at which the Registrable Securities can be sold.

          (d)  Selection of Underwriter.  If the Holders so elect, the offering
               ------------------------
of Registrable Securities pursuant to a Demand Registration shall be in the form
of an underwritten offering.  Holders of the Requisite Shares shall select one
or more nationally recognized firms of investment bankers (to whom the Issuer
shall not have reasonably objected) to act as the managing underwriter or
underwriters in connection with such offering and shall select any additional
investment bankers and managers to be used in connection with the offering.

          (e)  Expenses.  The Issuer will pay all Registration Expenses in
               --------
connection with the registrations requested pursuant to Section 2.1(a).  Each
Holder shall pay all underwriting discounts and commissions and transfer taxes,
if any, relating to the sale or disposition of such Holder's Registrable
Securities pursuant to any registration statement requested pursuant to this
Section 2.1.

          2.2.  Piggy-Back Registration.  If at any time the Issuer proposes to
                -----------------------
file a Registration Statement under the Securities Act with respect to an
offering by the Issuer for its own account or for the account of any of its
respective securityholders of any Securities (other than (i) an Initial Public
Equity Offering, unless other securityholders of the Issuer are participating
therein; (ii) a registration statement on Form S-4 or S-8 (or any substitute or
comparable forms that may be adopted by the SEC); (iii) a registration statement
filed in connection with an offer or offering of securities solely to the
Issuer's existing securityholders; (iv) a Demand Registration), then the Issuer
shall give written notice of such proposed filing to the Holders of Registrable
Securities as soon as practicable (but in no event less than 15 Business Days
before the anticipated filing date or, if confidentiality is necessary, within
one business day following the anticipated filing date; provided, in any such
                                                        --------
case, the Holders have not less than 20 Business Days notice prior to the
pricing of the offering), and such notice shall offer such Holders the
opportunity to register such number of Registrable Securities as each such
Holder may request (which request shall specify the Registrable Securities
intended to be disposed of by such Holder and the intended method of
distribution thereof) (a "Piggy-Back Registration"). The Issuer shall use its
                          -----------------------
best efforts to cause the managing underwriter or underwriters of such proposed
underwritten offering to permit the Registrable Securities requested to be
included in a Piggy-Back Registration to be included on the same terms and
<PAGE>

                                      -11-

conditions as any similar securities of the Issuer or any other securityholder
included therein and to permit the sale or other disposition of such Registrable
Securities in accordance with the intended method of distribution thereof;
provided, however, in no event shall the Issuer be required to reduce the number
--------  -------
of securities proposed to be sold by the Issuer or alter the terms of the
securities proposed to be sold by the Issuer in order to induce the managing
underwriter or underwriters to permit Registrable Securities to be included.
Any Holder shall have the right to withdraw its request for inclusion of its
Registrable Securities in any Registration Statement pursuant to this Section
2.2 by giving written notice to the Issuer of its request to withdraw prior to
the effectiveness of the Registration Statement.  The Issuer may withdraw a
Piggy-Back Registration at any time prior to the time it becomes effective;
provided that the Issuer shall give prompt notice thereof to participating
--------
Holders.  The Issuer will pay all Registration Expenses in connection with each
registration of Registrable Securities requested pursuant to this Section 2.2,
and each Holder shall pay all underwriting discounts and commissions and
transfer taxes, if any, relating to the sale or disposition of such Holder's
Registrable Securities pursuant to a registration statement effected pursuant to
this Section 2.2.

          No registration effected under this Section 2.2, and no failure to
effect a registration under this Section 2.2, shall relieve the Issuer of its
obligation to effect a registration upon the request of Holders pursuant to
Section 2.1, and no failure to effect a registration under this Section 2.2 and
to complete the sale of Registrable Securities in connection therewith shall
relieve the Issuer of any other obligation under this Agreement.

          2.3.  Reduction of Offering.  (a)  Piggy-Back Registration. If the
                ---------------------        -----------------------
lead managing underwriter of any underwritten offering described in Section 2.2
has informed, in writing, the Holders of the Registrable Securities requesting
inclusion in such offering that it is its view that the total number of
securities which the Issuer, the Holders and any other Persons desiring to
participate in such registration intend to include in such offering is such as
to materially and adversely affect the success of such offering, including the
price at which such securities can be sold, then the number of securities
included in such offering (other than the securities of the Issuer included in
such offering) shall be reduced or limited pro rata in proportion to the
                                           --- ----
respective number of securities requested to be registered to the extent
necessary to reduce the total number of securities requested to be included in
such offering to the number of securities, if any, recommended by such lead
managing underwriter; provided that if such offering is effected for the account
                      --------
of any securityholder of the Issuer other than the Holders, pursuant to the
demand registration rights of any such securityholder, then the number of
securities to be offered for the account of the Issuer (if any) and the Holders
shall be reduced or limited pro rata in proportion to the respective number of
                            --- ----
securities requested to be registered to the extent necessary to reduce the
total number of securities requested to be included in such offering to the
number of securities, if any, recommended by such lead managing underwriter. If
a reduction in the Registrable Securities pursuant to this paragraph would, in
the judgment of the lead managing underwriter, be insufficient to substantially
<PAGE>

                                      -12-

eliminate the adverse effect that inclusion of the Registrable Securities
requested to be included would have on such offering, such Registrable
Securities will be excluded from such offering.

          In the event a securityholder of the Issuer exercises piggyback
registration rights under Section 2.3 of the Amended and Restated Investors'
Rights Agreement (the "Rights Agreement"), dated June 30, 1999, with respect to
an offering in which any Holders also request inclusion in such offering
pursuant to Section 2.2 of this Agreement, then the number of securities to be
offered shall be reduced or limited in accordance with the Rights Agreement.

          If, as a result of the proration provisions of this Section 2.3, any
Holder shall not be entitled to include all Registrable Securities in a Piggy-
Back Registration that such Holder has requested to be included, such Holder may
elect to withdraw his request to include Registrable Securities in such
registration (a "Withdrawal Election"); provided that a Withdrawal Election
                 -------------------    --------
shall be made prior to the effectiveness of the Registration Statement and shall
be irrevocable and, after making a Withdrawal Election, a Holder shall no longer
have any right to include Registrable Securities in the registration as to which
such Withdrawal Election was made.

          2.4.  Lock-Up of Holders.  If the Issuer has reasonably complied with
                ------------------
all of its obligations under this Agreement, all Holders of Registrable
Securities, upon request of the lead managing underwriter with respect to such
underwritten public offering, agree not to sell or otherwise dispose of any
Registrable Security owned by them for a period not to exceed 180 days from the
consummation of such underwritten public offering.

          3.    Covenants and Board Rights.
                --------------------------

          3.1.  Affiliate Transactions.  So long as the original Purchasers
                ----------------------
(including any of their Affiliates) beneficially own 50% or more of the shares
of Common Stock originally issuable to such Purchasers under the Warrants on an
as converted basis (after giving effect to any adjustments made pursuant to the
terms thereof), the Issuer shall not, and shall not permit any of the Restricted
Subsidiaries to, without the prior written consent of the holders of a majority
of the Warrants and Warrant Shares, (A) issue any Capital Stock at a price that
is less than the Current Market Price (as defined in the Warrants) of such
Capital Stock (other than pursuant to the exercise of stock options issued to
employees, officers or directors as of the date hereof or as hereafter approved
by a majority of the Board of Directors, including a majority of Disinterested
Directors) and (B) make any payment to, or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or
assets from, or enter into or make or amend any transaction, contract,
agreement, understanding,
<PAGE>

                                      -13-

loan, advance or guarantee with, or for the benefit of, any Affiliate (each of
the foregoing, an "Affiliate Transaction"), unless:
                   ---------------------

             (i)  such Affiliate Transaction is on terms that are not materially
     less favorable to the Issuer or the relevant Restricted Subsidiary than
     those that would have been obtained in a comparable transaction by the
     Issuer or such Restricted Subsidiary with an unrelated Person entered into
     on an arm's-length basis; and

             (ii) with respect to any Affiliate Transaction or series of related
     Affiliate Transactions involving aggregate consideration of $1.0 million or
     more, the Issuer delivers to the Purchasers a resolution of the Board of
     Directors set forth in an Officers' Certificate that such Affiliate
     Transaction is approved by a majority of the Disinterested Directors and
     certifying that such Affiliate Transaction complies with clause (i) above
     and is in the best interests of the Issuer or such Restricted Subsidiary;
     provided that if there are either no Disinterested Directors or the
     --------
     Affiliate Transaction is occurring prior to a Liquidity Event and the
     consideration therefor would equal $5.0 million or more, the Issuer must
     deliver a favorable written opinion from an Independent Financial Advisor
     as to the fairness to the Issuer or its Restricted Subsidiaries of such
     Affiliate Transaction from a financial point of view.

Notwithstanding the foregoing, the following items shall not be deemed to be
Affiliate Transactions:

             (i)   (a) the entering into, maintaining or performance of any
     employment contract, collective bargaining agreement, benefit plan or
     program, related trust agreement or any other similar arrangement for or
     with any employee, officer or director heretofore or hereafter entered into
     in the ordinary course of business, including vacation, health, insurance,
     deferred compensation, retirement, savings or other similar plans or (b)
     the payment of compensation, performance of indemnification or contribution
     obligations, or an issuance, grant or award of stock, options, or other
     equity-related interests or other securities, to employees, officers or
     directors in the ordinary course of business;

             (ii)  transactions between or among the Issuer and/or the
     Restricted Subsidiaries;

             (iii) payment of reasonable director's fees;

             (iv)  Affiliate Transactions in effect or approved by the Board of
     Directors on the Closing Time and set forth on Schedule 8.06 to the
                                                    -------------
     Purchase Agreement, including any amendments thereto (provided that the
                                                           --------
     terms of such amendments are not
<PAGE>

                                      -14-

     materially less favorable to the Issuer or the Restricted Subsidiary than
     the terms of such agreement prior to such amendment); and

             (v)   Restricted Payments that are permitted under Section 8.02 to
     the Purchase Agreement and Permitted Investments described under clause
     (d), (e) and (g) of the definition thereof;

             (vi)  transactions with Ascend Communications, Inc. and its
     Affiliates in the ordinary course of business on terms no less favorable,
     taken as a whole, than could be obtained on an arm's length basis; and

             (vii) customary investment and commercial banking services from The
     Chase Manhattan Bank and its Affiliates.

             3.2.  Board Rights.  Subject to the last sentence of this
                   ------------
paragraph, the original Purchasers (and holders of Warrants and Warrant Shares
that are Affiliates of the original Purchasers) who beneficially own in
aggregate 50% or more of the shares of Common Stock originally issuable to such
Purchasers under the Warrants on an as converted basis (after giving effect to
any adjustments made pursuant to the terms hereof) (the "Original Purchasers")
                                                         -------------------
will have the right, (by a majority in interest) prior to the earlier of an
Initial Public Equity Offering or a Warrant Change of Control, to collectively
designate and vote for election one member of the Board of Directors that is
independent of the Purchasers and their Affiliates. Such designee shall be
reasonably acceptable to the other directors of the Issuer. Such right shall
terminate as to the original Purchasers (and their Affiliates) if they cease to
beneficially own 50% or more of the Warrants and Warrant Shares originally
issued to them in aggregate (after giving effect to any adjustments made
pursuant to the terms thereof). Any such designee shall be subject to removal
only with the consent of Persons having the right to designate a director under
this Section 3.2, but may be removed for cause otherwise in accordance with the
Issuer's certificate of incorporation and bylaws.

             4.    Registration Procedures.
                   -----------------------

             In connection with the obligations of the Issuer with respect to
any Registration Statement pursuant to Sections 2.1 and 2.2 hereof, the Issuer
shall:

             (a)  A reasonable period of time prior to the initial filing of a
     Registration Statement or Prospectus and a reasonable period of time prior
     to the filing of any amendment or supplement thereto (including any
     document that would be incorporated or deemed to be incorporated therein by
     reference), furnish to the Holders of the Registrable Securities included
     in such Registration Statement, and the managing underwriters, if any,
     copies of all such documents proposed to be filed, which documents
<PAGE>

                                      -15-

     (other than those incorporated or deemed to be incorporated by reference)
     will be subject to the review of such Holders, and such underwriters, if
     any, and use reasonable commercial efforts to cause the officers and
     directors of the Issuer, counsel to the Issuer and independent certified
     public accountants to the Issuer to respond to such reasonable inquiries as
     shall be necessary, in the opinion of respective counsel to such Holders
     and such underwriters, to conduct a reasonable investigation within the
     meaning of the Securities Act. The Issuer shall not file any such
     Registration Statement or related Prospectus or any amendments or
     supplements thereto to which the Holders of a majority of the Registrable
     Securities included in such Registration Statement shall reasonably object
     on a timely basis;

             (b)   Prepare and file with the SEC such amendments, including
     post-effective amendments, to each Registration Statement as may be
     necessary to keep such Registration Statement continuously effective for
     the applicable time period required hereunder; cause the related 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
     comply with the provisions of the Securities Act and the Exchange Act with
     respect to the disposition of all securities covered by such Registration
     Statement during such period in accordance with the intended methods of
     disposition by the sellers thereof set forth in such Registration Statement
     as so amended or in such Prospectus as so supplemented;

             (c)  Notify the holders of Registrable Securities to be sold and
     the managing underwriters, if any, promptly, and (if requested by any such
     person), confirm such notice in writing, (i)(A) when a Prospectus or any
     Prospectus supplement or post-effective amendment is proposed to be filed
     and (B) with respect to a Registration Statement or any post-effective
     amendment, when the same has become effective; (ii) of any request by the
     SEC or any other Federal or state governmental authority for amendments or
     supplements to a Registration Statement or related Prospectus or for
     additional information; (iii) of the issuance by the SEC, any state
     securities commission, any other governmental agency or any court of any
     stop order, order or injunction suspending or enjoining the use of a
     Prospectus or the effectiveness of a Registration Statement or the
     initiation of any proceedings for that purpose; (iv) of the receipt by the
     Issuer of any notification with respect to the suspension of the
     qualification or exemption from qualification of any of the Registrable
     Securities for sale in any jurisdiction, or the initiation or threatening
     of any proceeding for such purpose; and (v) of the happening of any event
     or information becoming known that makes any statement made in a
     Registration Statement or related Prospectus untrue in any material respect
     or that requires the making of any changes in such Registration Statement
     or Prospectus so that, in the case of a Registration Statement, it will not
     contain any untrue statement of a material fact or omit to state any
     material fact required to be stated
<PAGE>

                                      -16-

     therein or necessary to make the statements therein, in light of the
     circumstances under which they were made, not misleading, and that in the
     case of a Prospectus, it will not contain any untrue statement of a
     material fact or omit to state any material fact required to be stated
     therein or necessary to make the statements therein, in light of the
     circumstances under which they were made, not misleading;

             (d)  Use its best efforts to avoid the issuance of or, if issued,
     obtain the withdrawal of any order enjoining or suspending the use of a
     Prospectus or the effectiveness of a Registration Statement or the lifting
     of any suspension of the qualification (or exemption from qualification) of
     any of the Registrable Securities for sale in any jurisdiction described in
     Section 4(h), at the earliest practicable moment;

             (e)  If requested by the lead managing underwriters, if any, (i)
     promptly incorporate in a Prospectus supplement or post-effective amendment
     such information as the managing underwriters, if any, reasonably believe
     should be included therein and (ii) make all required filings of such
     Prospectus supplement or such post-effective amendment under the Securities
     Act as soon as practicable after the Issuer has received notification of
     the matters to be incorporated in such Prospectus supplement or post-
     effective amendment; provided, however, that the Issuer shall not be
                          --------  -------
     required to take any action pursuant to this Section 4(e) that would, in
     the opinion of counsel for the Issuer, violate applicable law;

             (f)  Upon written request to the Issuer, furnish to each Holder of
     Registrable Securities to be sold pursuant to a Registration Statement and
     each managing underwriter, if any, without charge, at least one conformed
     copy of such Registration Statement and each amendment thereto, including
     financial statements and schedules, all documents incorporated or deemed to
     be incorporated therein by reference, and all exhibits to the extent
     requested (including those previously furnished or incorporated by
     reference) as soon as practicable after the filing of such documents with
     the SEC;

             (g)  Deliver to each Holder of Registrable Securities to be sold
     pursuant to a Registration Statement, and the underwriters, if any, without
     charge, as many copies of the Prospectus (including each form of
     prospectus) and each amendment or supplement thereto as such persons
     reasonably request; and the Issuer hereby consents to the use of such
     Prospectus and each amendment or supplement thereto by each of the selling
     holders of Registrable Securities and the underwriters, if any, in
     connection with the offering and sale of the Registrable Securities covered
     by such Prospectus and any amendment or supplement thereto;

             (h)  Prior to any public offering of Registrable Securities, use
     its best efforts to register or qualify or cooperate with the Holders of
     Registrable Securities to be sold,
<PAGE>

                                      -17-

     the underwriters, if any, and their respective counsel in connection with
     the registration or qualification (or exemption from such registration or
     qualification) of such Registrable Securities for offer and sale under the
     securities or Blue Sky laws of such jurisdictions as any such Holder or
     underwriter reasonably requests in writing; and keep each such registration
     or qualification (or exemption therefrom) effective during the period such
     Registration Statement is required to be kept effective hereunder and do
     any and all other acts or things necessary or advisable to enable the
     disposition in such jurisdictions of the Registrable Securities covered by
     the applicable Registration Statement; provided, however, that the Issuer
                                            --------  -------
     shall not be required to (i) qualify generally to do business in any
     jurisdiction where it is not then so qualified or (ii) take any action
     which would subject it to general service of process or to taxation in any
     jurisdiction where it is not so subject;

             (i)  In connection with any sale or transfer of Registrable
     Securities that will result in such securities no longer being Registrable
     Securities, cooperate with the Holders thereof and the managing
     underwriters, if any, to facilitate the timely preparation and delivery of
     certificates representing Registrable Securities to be sold, which
     certificates shall not bear any restrictive legends and shall be in a form
     eligible for deposit with The Depository Trust Company and to enable such
     Registrable Securities to be in such denominations and registered in such
     names as the managing underwriters, if any, or such Holders may request at
     least 5 Business Days prior to any sale of Registrable Securities;

             (j)  Upon the occurrence of any event contemplated by Section
     4(c)(v), as promptly as practicable, prepare a supplement or amendment,
     including, if appropriate, a post-effective amendment, to each Registration
     Statement or a supplement to the related Prospectus or any document
     incorporated or deemed to be incorporated therein by reference and file any
     other required document so that, as thereafter delivered, such Prospectus
     will not contain an untrue statement of a material fact or omit to state a
     material fact required to be stated therein or necessary to make the
     statements therein, in light of the circumstances under which they were
     made, not misleading;

             (k)  Enter into such agreements (including an underwriting
     agreement in form, scope and substance as is customary in underwritten
     offerings) and take all such other reasonable actions in connection
     therewith (including those reasonably requested by the managing
     underwriters, if any) in order to expedite or facilitate the disposition of
     such Registrable Securities, and, whether or not an underwriting agreement
     is entered into and whether or not the registration is an underwritten
     registration, (i) make such representations and warranties to the
     underwriters and selling Holders, if any, with respect to the business of
     the Issuer and its subsidiaries (including with respect to businesses or
     assets acquired or to be acquired by any of them), and the Registration
<PAGE>

                                      -18-

     Statement, Prospectus and documents, if any, incorporated or deemed to be
     incorporated by reference therein, in each case, in form, substance and
     scope as are customarily made by issuers to underwriters in underwritten
     offerings and confirm the same if and when requested; (ii) obtain opinions
     of counsel to the Issuer and updates thereof (which counsel and opinions
     (in form, scope and substance) shall be reasonably satisfactory to the
     managing underwriters, if any, addressed to each of the underwriters, and
     selling Holders, if any), covering the matters customarily covered in
     opinions requested in underwritten offerings and such other matters as may
     be reasonably requested by such underwriters or selling Holders; (iii) use
     their best efforts to obtain customary "cold comfort" letters and updates
     thereof from the independent certified public accountants of the Issuer
     (and, if necessary, any other independent certified public accountants of
     any subsidiary of the Issuer or of any business acquired by the Issuer for
     which financial statements and financial data is, or is required to be,
     included in the Registration Statement), addressed (where reasonably
     possible) to each of the underwriters and selling Holders, if any, such
     letters to be in customary form and covering matters of the type
     customarily covered in "cold comfort" letters in connection with
     underwritten offerings; (iv) if an underwriting agreement is entered into,
     the same shall contain indemnification provisions and procedures no less
     favorable to the underwriters, if any, than those set forth in Section 5
     hereof (or such other provisions and procedures acceptable to the managing
     underwriters, if any); and (v) deliver such documents and certificates as
     may be reasonably requested by the Holders of a majority of the Registrable
     Securities being sold or by the managing underwriters, if any, to evidence
     the continued validity of the representations and warranties made pursuant
     to clause (i) above and to evidence compliance with any customary
     conditions contained in the underwriting agreement or other agreement
     entered into by the Issuer;

             (l)  Make available for inspection by a representative of any
     selling Holders and underwriter participating in any such disposition of
     Registrable Securities, and any attorney, consultant or accountant retained
     by such selling Holders or underwriter, at the offices where normally kept,
     during reasonable business hours, all pertinent financial and other
     records, corporate documents and properties of the Issuer and its
     subsidiaries (including with respect to businesses and assets acquired or
     to be acquired to the extent that such information is available to the
     Issuer) and cause the officers, directors, agents and employees of the
     Issuer and its subsidiaries (including with respect to businesses and
     assets acquired or to be acquired to the extent that such information is
     available to the Issuer) to supply all information in each case reasonably
     requested by any such representative, underwriter, attorney, consultant or
     accountant in connection with such Registration Statement; provided,
                                                                --------
     however, that such persons must not be competitors of the Issuer or any of
     -------
     its Subsidiaries or associated with any such competitor or Affiliate in any
     material respect and shall first agree in writing with the
<PAGE>

                                      -19-

     Issuer that any information that is reasonably and in good faith designated
     by the Issuer in writing as confidential at the time of delivery of such
     information shall be kept confidential by such Persons, unless (i)
     disclosure of such information is required by court or administrative order
     or is necessary to respond to inquiries of regulatory authorities; (ii)
     disclosure of such information is required by law (including any disclosure
     requirements pursuant to Federal securities laws in connection with the
     filing of the Registration Statement or the use of any Prospectus); (iii)
     such information becomes generally available to the public other than as a
     result of a disclosure or failure to safeguard such information by such
     Person; or (iv) such information becomes available to such Person from a
     source other than the Issuer and its subsidiaries and such source is not
     bound by a confidentiality agreement;

             (m)  Comply with all applicable rules and regulations of the SEC
     and make generally available to their securityholders earnings statements
     satisfying the provisions of Section 11(a) of the Securities Act and Rule
     158 under the Securities Act, no later than 45 days after the end of any
     12-month period (or 90 days after the end of any 12-month period if such
     period is a fiscal year) (i) commencing at the end of any fiscal quarter in
     which Registrable Securities are sold to underwriters in a firm commitment
     or reasonable efforts underwritten offering and (ii) if not sold to
     underwriters in such an offering, commencing on the first day of the first
     fiscal quarter after the effective date of a Registration Statement, which
     statement shall cover said period, consistent with the requirements of Rule
     158 under the Securities Act; and

             (n)  Cooperate with each seller of Registrable Securities covered
     by any Registration Statement and each underwriter, if any, participating
     in the disposition of such Registrable Securities and their respective
     counsel in connection with any filings required to be made with the
     National Association of Securities Dealers, Inc.

             The Issuer may require a Holder of Registrable Securities to be
included in a Registration Statement to furnish to the Issuer such information
regarding (i) the intended method of distribution of such Registrable
Securities; (ii) such Holder; and (iii) the Registrable Securities held by such
Holder as is required by law to be disclosed in such Registration Statement and
the Issuer may exclude from such Registration Statement the Registrable
Securities of any Holder who unreasonably fails to furnish such information
within a reasonable time after receiving such request.  The Issuer shall not be
required to provide indemnification to any Underwriter or any other person
relating to information referred to in clauses (i) and (ii) provided to the
Issuer in writing specifically for inclusion in such Registration Statement.

             If any such Registration Statement refers to any Holder by name or
otherwise as the Holder of any securities of the Issuer, then such Holder shall
have the right to require (i) the insertion therein of language, in form and
substance reasonably satisfactory to such
<PAGE>

                                      -20-

Holder, to the effect that the holding by such Holder of such securities is not
to be construed as a recommendation by such Holder of the investment quality of
the Issuer's securities covered thereby and that such holding does not imply
that such Holder will assist in meeting any future financial requirements of the
Issuer or (ii) in the event that such reference to such Holder by name or
otherwise is not required by the Securities Act, the deletion of the reference
to such Holder in any amendment or supplement to the Registration Statement
filed or prepared subsequent to the time that such reference ceases to be
required.

             Each Holder of Registrable Securities agrees by acquisition of such
Registrable Securities that, upon receipt of any notice from the Issuer of the
happening of any event of  the kind described in Section 4(c)(ii), 4(c)(iii),
4(c)(iv) or 4(c)(v) hereof, such Holder will forthwith discontinue disposition
of such Registrable Securities covered by such Registration Statement or
Prospectus until such Holder's receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 4(j) hereof, or until it is advised
in writing (the "Advice") by the Issuer that the use of the applicable
                 ------
Prospectus may be resumed, and, in either case, has received copies of any
additional or supplemental filings that are incorporated or deemed to be
incorporated by reference in such Prospectus.  If the Issuer shall give any such
notice, the Effectiveness Period shall be extended by the number of days during
such period from and including the date of the giving of such notice to and
including the date when each Holder of Registrable Securities covered by such
Registration Statement shall have received (x) the copies of the supplemented or
amended Prospectus contemplated by Section 4(j) hereof or (y) the Advice, and,
in either case, has received copies of any additional or supplemental filings
that are incorporated or deemed to be incorporated by reference in such
Prospectus.

             5.   Indemnification and Contribution.
                  --------------------------------

             (a)  The Issuer shall indemnify and hold harmless each Holder, each
underwriter who participates in an offering of Registrable Securities, their
respective Affiliates, each Person, if any, who controls any of such parties
within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act and each of their respective directors, officers, employees and
agents, as follows:

             (i)  from and against any and all loss, liability, claim, damage
     and expense whatsoever, joint or several, as incurred, arising out of any
     untrue statement or alleged untrue statement of a material fact contained
     in any Registration Statement (or any amendment thereto), covering
     Registrable Securities, including all documents incorporated therein by
     reference, or the omission or alleged omission therefrom of a material fact
     required to be stated therein or necessary to make the statements therein,
     in the light of the circumstances under which they were made, not
     misleading or arising out of any untrue statement or alleged untrue
     statement of a material fact contained
<PAGE>

                                      -21-

     in any Prospectus (or any amendment or supplement thereto) or the omission
     or alleged omission therefrom of a material fact necessary in order to make
     the statements therein, in the light of the circumstances under which they
     were made, not misleading;

             (ii)  from and against any and all loss, liability, claim, damage
     and expense whatsoever, joint or several, as incurred, to the extent of the
     aggregate amount paid in settlement of any litigation, or any investigation
     or proceeding by any court or governmental agency or body, commenced or
     threatened, or of any claim whatsoever based upon any such untrue statement
     or omission, or any such alleged untrue statement or omission, if such
     settlement is effected with the prior written consent of the Issuer; and

             (iii) from and against any and all expenses whatsoever, as incurred
     (including reasonable fees and disbursements of one counsel chosen by the
     Holders or any underwriter (except to the extent otherwise expressly
     provided in Section 5(c) hereof)), reasonably incurred in investigating,
     preparing or defending against any litigation, or any investigation or
     proceeding by any court or governmental agency or body, commenced or
     threatened, or any claim whatsoever based upon any such untrue statement or
     omission, or any such alleged untrue statement or omission, to the extent
     that any such expense is not paid under subparagraph (i) or (ii) of this
     Section 5(a);

provided that this indemnity does not apply to any loss, liability, claim,
--------
damage or expense to the extent arising out of an untrue statement or omission
or alleged untrue statement or omission (i) made in reliance upon and in
conformity with written information furnished to the Issuer by a Holder or any
underwriter in writing expressly for use in the Registration Statement (or any
amendment thereto) or any Prospectus (or any amendment or supplement thereto) or
(ii) contained in any preliminary prospectus if such Holder or such underwriter
failed to send or deliver a copy of the Prospectus (in the form it was first
provided to such parties for confirmation of sales) to the Person asserting such
losses, claims, damages or liabilities on or prior to the delivery of written
confirmation of any sale of securities covered thereby to such Person in any
case where such delivery is required by the Securities Act and such Prospectus
would have corrected such untrue statement or omission.  Any amounts advanced by
the Issuer to an indemnified party pursuant to this Section 5 as a result of
such losses shall be returned to the Issuer if it shall be finally determined by
such a court in a judgment not subject to appeal or final review that such
indemnified party was not entitled to indemnification by the Issuer.

             (b)   By accepting the benefits of this Agreement, each Holder
agrees, severally and not jointly, to indemnify and hold harmless the Issuer,
each underwriter who participates in an offering of Registrable Securities and
the other selling Holders and each of their respective directors, officers
(including each officer of the Issuer who signed the Registration
<PAGE>

                                      -22-

Statement), employees and agents and each Person, if any, who controls the
Issuer, any underwriter or any other selling Holder within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act, from and
against any and all loss, liability, claim, damage and expense whatsoever
described in the indemnity contained in Section 5(a) hereof, as incurred, but
only with respect to untrue statements or omissions, or alleged untrue
statements or omissions, made in the Registration Statement (or any amendment
thereto) or any Prospectus (or any amendment or supplement thereto) in reliance
upon and in conformity with written information furnished to the Issuer by such
selling Holder expressly for use in the Registration Statement (or any amendment
thereto), or any such Prospectus (or any amendment or supplement thereto).

             (c)   Each indemnified party shall give prompt notice to each
indemnifying party of any action commenced against it in respect of which
indemnity may be sought hereunder, enclosing a copy of all papers properly
served on such indemnified party, but failure to so notify an indemnifying party
shall not relieve such indemnifying party from any liability which it may have
other than on account of this indemnity agreement. An indemnifying party may
participate at its own expense in the defense of any such action. If an
indemnifying party so elects within a reasonable time after delivery of such
notice to the indemnified party, such indemnifying party, jointly with any other
indemnifying party, may assume the defense of such action with counsel chosen
thereby and approved by the indemnified parties defendant in such action;
provided that if any such indemnified party reasonably determines, based on
--------
advice of counsel, that there may be legal defenses available to such
indemnified party which are different from or in addition to those available to
such indemnifying party or that representation of such indemnifying party and
any indemnified party by the same counsel would present a conflict of interest,
then such indemnifying party or parties shall not be entitled to assume such
defense. If an indemnifying party is not entitled to assume the defense of such
action as a result of the proviso to the preceding sentence, counsel for such
indemnifying party shall be entitled to conduct the defense of such indemnifying
party and counsel for each indemnified party or parties shall be entitled to
conduct the defense of such indemnified party or parties. If an indemnifying
party assumes the defense of an action in accordance with and as permitted by
the provisions of this paragraph, such indemnifying party shall not be liable
for any fees and expenses of counsel for the indemnified parties incurred
thereafter in connection with such action. In no event shall the indemnifying
party or parties be liable for the fees and expenses of more than one counsel
(in addition to any local counsel), separate from its own counsel, for all
indemnified parties in connection with any one action or separate but similar or
related actions in the same jurisdiction arising out of the same general
allegations or circumstances.

             (d)   In order to provide for just and equitable contribution in
circumstances under which any of the indemnity provisions set forth in this
Section 5 is held to be unavailable to the indemnified parties for legal reasons
although applicable in accordance with its
<PAGE>

                                      -23-

terms, the Issuer and the Holders shall contribute to the aggregate losses,
liabilities, claims, damages and expenses of the nature contemplated by such
indemnity agreement incurred by the Issuer and the Holders, as incurred;
provided that 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 that was not guilty of such fraudulent
misrepresentation. As between the Issuer and the Holders, such parties shall
contribute to such aggregate losses, liabilities, claims, damages and expenses
of the nature contemplated by such indemnity agreement in such proportion as
shall be appropriate to reflect the relative fault of the Issuer, on the one
hand, and Holders, on the other hand, with respect to the statements or
omissions which resulted in such loss, liability, claim, damage or expense, or
action in respect thereof, as well as any other relevant equitable
considerations. The relative fault of the Issuer, on the one hand, and of the
Holders, on the other hand, 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 Issuer, on the one hand, or by or on behalf of the Holders, on
the other, and the parties' relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission. The Issuer and
the Holders of the Registrable Securities agree that it would not be just and
equitable if contribution pursuant to this Section 5 were to be determined by
pro rata allocation or by any other method of allocation that does not take into
--- ----
account the relevant equitable considerations. For purposes of this Section 5,
each Affiliate of each Holder, and each director, officer, employee, agent and
Person, if any, who controls a Holder or such Affiliate within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act shall have
the same rights to contribution as such Holder, and each director of the Issuer,
each officer of the Issuer who signed the Registration Statement, and each
Person, if any, who controls the Issuer within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act shall have the same rights to
contribution as the Issuer.

             6.   Underwritten Registrations
                  --------------------------

             No Person may participate in any underwritten registration
hereunder unless such person (i) agrees to sell such Registrable Securities on
the basis reasonably provided in any underwriting arrangements approved by the
Persons entitled hereunder to approve such arrangements and (ii) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting
agreements and other documents required under the terms of such underwriting
arrangements.

             7.   Miscellaneous
                  -------------

             (a)  Remedies.  In the event of a breach by the Issuer or by a
                  --------
Holder of any of its obligations under this Agreement, each Holder and the
Issuer, in addition to being entitled to exercise all rights granted by law,
including recovery of damages, will be entitled to
<PAGE>

                                      -24-

specific performance of its rights under this Agreement. The Issuer and each
Holder agrees that monetary damages would not be adequate compensation for any
loss incurred by reason of a breach of any of the provisions of this Agreement
and each hereby further agrees that, in the event of any action for specific
performance in respect of such breach, it shall waive the defense that a remedy
at law would be adequate.

             (b)   Amendments and Waivers.  The provisions of this Agreement,
                   ----------------------
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, otherwise than with the prior written consent of the Holders
of a majority of the Warrants and Warrant Shares. Notwithstanding the foregoing,
a waiver or consent to depart from the provisions hereof with respect to a
matter that relates exclusively to the rights of Holders whose securities are
being sold pursuant to a Registration Statement and that does not directly or
indirectly affect the rights of other Holders may be given by Holders of a
majority of the Registrable Securities being sold by such Holders pursuant to
such Registration Statement; provided, however, that the provisions of this
                             --------  -------
sentence may not be amended, modified or supplemented except in accordance with
the provisions of the immediately preceding sentence. Notwithstanding the
foregoing, no amendment, modification, supplement, waiver or consent with
respect to Section 5 shall be made or given otherwise than with the prior
written consent of each Holder or former Holder affected thereby.

             (c)   Notices.  All notices and other communications provided for
                   -------
herein shall be made in writing by hand-delivery, next-day air courier,
certified first-class mail, return receipt requested, telex or telecopier:

             (i)   if to the Issuer, as provided in the Purchase Agreement,

             (ii)  if to the Purchasers, as provided in the Purchase Agreement,
     or

             (iii) if to any other Person who is then the registered Holder of
Shares or Registrable Securities, to the address of such Holder as it appears in
the register therefor of the Issuer.

             Except as otherwise provided in this Agreement, all such
communications shall be deemed to have been duly given: when delivered by
hand, if personally delivered; one Business Day after being timely delivered to
a next-day air courier; five Business Days after being deposited in the mail,
postage prepaid, if mailed; when answered back, if telexed; and when receipt is
acknowledged by the recipient's telecopier machine, if telecopied.

             (d)   Successors and Assigns.  This Agreement shall inure to the
                   ----------------------
benefit of and be binding upon the successors and permitted assigns of each of
the parties and shall inure
<PAGE>

                                      -25-

to the benefit of each Holder. The Issuer may not assign any of its rights
hereunder without the prior written consent of each Holder; provided that in the
                                                            --------
case of a merger or consolidation of the Issuer with another Person pursuant to
which the issuer or issuers of any securities issued to Holders in connection
with such merger or consolidation, such issuer or issuers become obligated under
this Agreement. Notwithstanding the foregoing, no successor or assignee of the
Issuer shall have any of the rights granted under this Agreement until such
Person shall acknowledge its rights and obligations hereunder by a signed
written statement of such person's acceptance of such rights and obligations. If
any transferee of any Holder shall acquire Warrant Shares in any manner, whether
by operation of law or otherwise, such Warrant Shares shall be held subject to
all of the terms of this Agreement, and by taking and holding such Warrant
Shares such person shall be conclusively deemed to have agreed to be bound by
and to perform all of the terms and provisions of this Agreement and such Person
shall be entitled to receive the benefits hereof.

          Notwithstanding anything herein to the contrary, the Issuer and its
Subsidiaries will be permitted to undertake the Reorganization at any time and,
upon the effectiveness of such Reorganization, Opco (if it is the Issuer) will
be released from all of the obligations hereunder; provided that the holding
                                                   --------
company resulting from the Reorganization shall have assumed all of the
obligations of the Issuer and shall be substituted for (so that from and after
the date of the Reorganization, the provisions of this Agreement referring to
the "Issuer" shall refer instead to the new holding company and not to the
initial issuer), and may exercise every right and power of, the Issuer under
this Agreement with the same effect as if it had been named herein as the issuer
and the prior issuer shall be released from the obligations.

             (e)  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.

             (f)  Governing Law; Submission to Jurisdiction.  THIS AGREEMENT
                  -----------------------------------------
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW
YORK. THE ISSUER, THE EXISTING STOCKHOLDERS AND THE PURCHASERS HEREBY
IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY NEW YORK STATE COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN
THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND EACH IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS.
<PAGE>

                                      -26-

             (g)  Severability.  The remedies provided herein are cumulative and
                  ------------
not exclusive of any remedies provided by law. If any term, provision, covenant
or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their reasonable efforts to find and employ an
alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

             (h)  Headings.  The headings in this Agreement are for convenience
                  --------
of reference only and shall not limit or otherwise affect the meaning hereof.
All references made in this Agreement to "Section", "paragraph" and "clause"
refer to such Section or paragraph of this Agreement, unless expressly stated
otherwise.

             (i)  Legends.  Each Holder agrees that the legend required by the
                  -------
Warrants and the Purchase Agreement shall be placed on certificates representing
any Warrant Shares owned by them.

             The Issuer agrees to remove the legend on the Warrant Shares upon
the resale of such Warrant Shares in accordance with the terms of this
Agreement.

             (j)  No Conflicting Agreements.  After the date hereof, the Issuer
                  -------------------------
will not enter into any agreement that conflicts with the rights granted to the
Holders and indemnified persons in this Agreement or otherwise conflicts with
the provisions hereof. After the date hereof, without the written consent of the
Holders of a majority of the Warrants and Warrant Shares constituting
Registrable Securities, the Issuer shall not grant to any Person any rights
which conflict with the provisions of this Agreement.
<PAGE>

          IN WITNESS WHEREOF, each of the parties hereto has caused a
counterpart of this Registration Rights and Stockholders Agreement to be duly
executed and delivered as of the date first above written.

                                           INTIRA CORPORATION

                                           By:  /s/ David Boone
                                              -------------------------------
                                              Name: David Boone
                                              Title:   Chief Financial Officer
<PAGE>

                                     ARES LEVERAGED INVESTMENT
                                       FUND, L.P.

                                     By:  ARES MANAGEMENT, L.P., its
                                            General Partner

                                     By:  /s/ Eric Beckman
                                        ----------------------------------
                                        Name:  Eric Beckman
                                        Title: Vice President

                                     ARES LEVERAGED INVESTMENT
                                       FUND II, L.P.

                                     By:  ARES MANAGEMENT, L.P., its
                                            General Partner

                                     By:  /s/ Eric Beckman
                                        ----------------------------------
                                        Name:  Eric Beckman
                                        Title: Vice President

                                     MAGNETITE ASSET INVESTORS L.L.C.

                                     By: BlackRock Financial Management, Inc.,
                                           As Managing Member

                                     By:  /s/ Dennis M. Schaney
                                        ----------------------------------
                                        Name:  Dennis M. Schaney
                                        Title: Managing Director
<PAGE>

                                        CARLYLE HIGH YIELD PARTNERS, L.P.

                                        By: TCG High Yield, L.L.C.,
                                             its General Partner

                                        By:  /s/ Jack Mann
                                           -------------------------------------
                                           Name:   Jack Mann
                                           Title:  Managing Director

                                        CB CAPITAL INVESTORS, LLC

                                        By: Chase Capital Partners, its Manager

                                        By:  /s/ Richard D. Waters
                                           -------------------------------------
                                           Name:   Richard D. Waters, Jr.
                                           Title:  General Partner--Mezzanine

                                        CONTINENTAL CASUALTY COMPANY

                                        By:  /s/ Richard W. Dubberke
                                           -------------------------------------
                                           Name:   Richard W. Dubberke
                                           Title:  Vice President
<PAGE>

                                        GOLDMAN SACHS ASSET MANAGEMENT,
                                          in its capacity as the investment
                                          adviser of the Goldman Sachs High
                                          Yield Fund, a separate series of the
                                          Goldman Sachs Trust

                                        By:  /s/ Christopher Testa
                                           -------------------------------------
                                           Name:   Christopher Testa
                                           Title:  Vice President

                                        GOLDMAN, SACHS & CO.,
                                          as delegate of Goldman Sachs Asset
                                          Management International, in its
                                          capacity as the investment adviser of
                                          the Goldman Sachs Global High Yield
                                          Portfolio, a separate series of
                                          Goldman Sachs Funds, S.I.C.A.V.

                                        By:  /s/ Christopher Testa
                                           -------------------------------------
                                           Name:   Christopher Testa
                                           Title:  Vice President

                                        OZ MASTER FUND, LTD.

                                        By:  [ILLEGIBLE]
                                           -------------------------------------
                                           Name:
                                           Title:
<PAGE>

                                        SANKATY HIGH YIELD PARTNERS II, L.P.

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                        SANKATY HIGH YIELD ASSET PARTNERS, L.P.

                                        By:
                                           -------------------------------------
                                           Name:
                                           Title:

                                        WAYLAND INVESTMENT FUND, LLC

                                        By: CFSC Wayland Advisors, Inc.,
                                              its Manager

                                        By:  [ILLEGIBLE]
                                           -------------------------------------
                                           Name:
                                           Title:

                              Registration Rights and Stockhlders Agreement

                                      CHASE SECURITIES INC.

                                      By:  /s/ Jessica ^^^
                                         --------------------------------
                                         Name:  Jessica  ^^^
                                         Title: Vice President

                              Registration Rights and Stockhlders Agreement

                                      COINVESTMENT I, LLC

                                      By Laurence D. Fink,
                                      as Managing Member

                                      By:  /s/ Laurence D. Fink
                                         --------------------------------
                                         Name:  Laurence D. Fink
                                         Title: Managing Member

                       PUTNAM FIDUCIARY TRUST COMPANY on behalf of:

                                      PUTNAM HIGH YIELD FIXED INCOME FUND, LLC
                                      PUTNAM HIGH YIELD MANAGED TRUST

                      By:  /s/ John R. Verani
                         -----------------------------
                         Name:  John R. Verani
                         Title: Senior Vice President

                      PUTNAM INVESTMENT MANAGEMENT, INC. on behalf of:

                                      PUTNAM HIGH YIELD TRUST
                                      PUTNAM HIGH YIELD ADVANTAGE FUND
                                      PUTNAM VARIABLE TRUST-PVT HIGH YIELD
                                      FUND
                                      PUTNAM MASTER INCOME TRUST
                                      PUTNAM PREMIER INCOME TRUST
                                      PUTNAM MASTER INTERMEDIATE INCOME
                                      TRUST
                                      PUTNAM DIVERSIFIED INCOME TRUST
                                      PUTNAM FUNDS TRUST-PUTNAM HIGH YIELD
                                      PUTNAM STRATEGIC INCOME FUND
                                      PUTNAM VARIABLE TRUST-PVT DIVERSIFIED
                                      TRAVELERS SERIES FUND INC.-PUTNAM
                                      DIVERSIFIED INCOME

                      By:  /s/ John R. Verani
                         ------------------------------------------------
                          Name:  John R. Verani
                          Title: Senior Vice President

                      THE PUTNAM ADVISORY COMPANY, INC. on behalf of:

                          ABBOT LABORATORIES ANNUITY RETIREMENT
                          PLAN
                          AMERITECH CORPORATION PENSION PLAN
                          NORTHROP GRUMMAN EMPLOYEE BENEFIT
                          PLAN

                      By:  /s/ John R. Verani
                         ------------------------------------------------
                          Name:  John R. Verani
                          Title: Senior Vice President

                  Registration Rights and Stockholders Agreement

                                      Sun America Inc.
                                      -----------------------------------
                                      Name of Purchaser

                                      By:  /s/ Rafael Fogel
                                         --------------------------------
                                         Name:  Rafael Fogel
                                         Title: Authorized ^^^
<PAGE>

                                  Schedule 1
                                  ----------

1.  Amended and Restated Investors' Rights Agreement, dated June 30, 1999.

2.  Agreements contemplated by the Binding Memorandum of Understanding dated
    January 19, 2000 between the Issuer and Viatel, Inc.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]