Document:

Exhibit 4.2

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE COMPANY OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO
CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE "SECURITIES ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF,
THE HOLDER AGREES (1) THAT IT WILL NOT WITHIN TWO YEARS AFTER THE LAST ORIGINAL
ISSUE DATE OF THIS SECURITY, RESELL OR OTHERWISE TRANSFER THE SECURITY EVIDENCED
HEREBY OR ANY COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY, EXCEPT (A)
TO THE ISSUER OR A SUBSIDIARY THEREOF; (B) UNDER A REGISTRATION STATEMENT THAT
HAS BECOME OR BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT; (C) TO A PERSON
THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) THAT IS PURCHASING FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO WHOM NOTICE IS
GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, ALL IN
COMPLIANCE WITH RULE 144A (IF AVAILABLE); OR (D) UNDER ANY OTHER AVAILABLE
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND (2) THAT
IT WILL, PRIOR TO ANY TRANSFER OF THIS SECURITY WITHIN TWO YEARS AFTER THE LAST
ORIGINAL ISSUE DATE OF THIS SECURITY PURSUANT TO CLAUSE (D) ABOVE FURNISH TO THE
TRUSTEE AND THE ISSUER SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION
AS MAY BE REQUIRED PURSUANT TO THE INDENTURE TO CONFIRM THAT SUCH TRANSFER IS
BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

                                       1
<PAGE>

                           ALBANY INTERNATIONAL CORP.

                     2.25% Convertible Senior Note due 2026

No. 1                                                               $150,000,000

CUSIP No. 012348 AB 4

      Albany International Corp., a corporation duly organized and validly
existing under the laws of the State of Delaware (herein called the "Company,"
which term includes any successor corporation or other entity under the
Indenture referred to on the reverse hereof), for value received hereby promises
to pay to CEDE & CO., or registered assigns, the principal sum of ONE HUNDRED
FIFTY MILLION DOLLARS (which amount may from time to time be increased or
decreased to such other principal amounts (which, taken together with the
principal amounts of all other outstanding Notes, shall not, unless permitted by
the Indenture, exceed $150,000,000 in aggregate at any time (or $180,000,000 if
the Initial Purchasers exercise their option to purchase additional Notes in
full as set forth in the Purchase Agreement)) by adjustments made on the records
of the Trustee or the Custodian of the Depositary as set forth in Schedule A
hereto, in accordance with the rules and procedures of the Depositary) on March
15, 2026, and interest thereon as set forth below and Additional Interest in the
manner, at the rates and to the Persons set forth in the Registration Rights
Agreement.

      This Note shall bear interest at the rate of 2.25% per year from the date
of original issuance of the Notes, or from the most recent date to which
interest had been paid or provided for to, but excluding, the next scheduled
Interest Payment Date until March 15, 2013. As of March 15, 2013, this Note
shall bear interest at the rate of 3.25% per year from March 15, 2013, to, but
excluding, the next scheduled Interest Payment Date until the principal hereof
shall have been paid or made available for payment. Interest is payable
semi-annually in arrears on each March 15 and September 15, commencing September
15, 2006, to holders of record at the close of business on the preceding March 1
and September 1 (whether or not such day is a Business Day), respectively.

      Payment of the principal of, interest, including any Additional Interest,
accrued on this Note shall be made at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
in such lawful money of the United States of America as at the time of payment
shall be legal tender for the payment of public and private debts; provided,
however, interest, including Additional Interest, if any, may be paid by check
mailed to such holder's address as it appears in the Note register; provided
further, however, that, with respect to any Noteholder with an aggregate
principal

                                       2
<PAGE>

amount in excess of $1,000,000, at the request of such holder in writing to the
Trustee and the Paying Agent (if different than the Trustee), interest,
including Additional Interest, if any, on such holder's Notes shall be paid by
wire transfer in immediately available funds in accordance with the written wire
transfer instruction supplied by such holder from time to time to the Trustee
and Paying Agent (if different from the Trustee) not later than the applicable
record date; provided that any payment to the Depositary or its nominee shall be
paid by wire transfer in immediately available funds in accordance with the wire
transfer instruction supplied by the Depositary or its nominee from time to time
to the Trustee and Paying Agent (if different from Trustee).

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, including, without limitation, provisions giving the holder of
this Note the right to convert this Note into cash and Common Stock of the
Company on the terms and subject to the limitations referred to on the reverse
hereof and as more fully specified in the Indenture. Such further provisions
shall for all purposes have the same effect as though fully set forth at this
place.

      This Note shall be deemed to be a contract made under the laws of the
State of New York, and for all purposes shall be construed in accordance with
and governed by the laws of said State (without regard to the conflicts of laws
provisions thereof).

      This Note shall not be valid or become obligatory for any purpose until
the certificate of authentication hereon shall have been manually signed by the
Trustee or a duly authorized authenticating agent under the Indenture.

                  [Remainder of page intentionally left blank]

                                       3
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Note to be duly executed.

                                     ALBANY INTERNATIONAL CORP.

                                     By: /s/ Michael C. Nahl
                                         ---------------------------------------
                                         Name:  Michael C. Nahl
                                         Title: Executive Vice President & Chief
                                                Financial Officer

Dated: March 13, 2006

TRUSTEE'S CERTIFICATE OF AUTHENTICATION
JPMORGAN CHASE BANK, N.A.,
as Trustee, certifies that this is one of the Notes described
in the within-named Indenture.

By: /s/ Michael A. Smith
    --------------------------------
Authorized Officer

                                       4
<PAGE>

                                 REVERSE OF NOTE

                           ALBANY INTERNATIONAL CORP.
                     2.25% Convertible Senior Note due 2026

      This Note is one of a duly authorized issue of Notes of the Company,
designated as its 2.25% Convertible Senior Notes due 2026 (herein called the
"Notes"), limited to the aggregate principal amount of $150,000,000 (or
$180,000,000 if the Initial Purchasers exercise their option to purchase
additional Notes in full as set forth in the Purchase Agreement) all issued or
to be issued under and pursuant to an Indenture dated as of March 13, 2006
(herein called the "Indenture"), between the Company and JPMorgan Chase Bank,
N.A. (herein called the "Trustee"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company and the holders of the Notes. Additional Notes may be
issued in an unlimited aggregate principal amount, subject to certain conditions
specified in the Indenture.

      In case an Event of Default, as defined in the Indenture, shall have
occurred and be continuing, the principal of, premium, if any, and interest,
including Additional Interest, if any, on all Notes may be declared, by either
the Trustee or Noteholders of not less than 25% in aggregate principal amount of
Notes then outstanding, and upon said declaration shall become, due and payable,
in the manner, with the effect and subject to the conditions provided in the
Indenture.

      Subject to the terms and conditions of the Indenture, the Company will
make all payments and deliveries in respect of the Redemption Price, Repurchase
Price, the Fundamental Change Repurchase Price, and the principal amount on the
Maturity Date, as the case may be, to the holder who surrenders a Note to a
Paying Agent to collect such payments in respect of the Note. The Company will
pay cash amounts in money of the United States that at the time of payment is
legal tender for payment of public and private debts.

      The Indenture contains provisions permitting the Company and the Trustee
in certain circumstances, without the consent of the holders of the Notes, and
in other circumstances, with the consent of the holders of not less than a
majority in aggregate principal amount of the Notes at the time outstanding,
evidenced as in the Indenture provided, to execute supplemental indentures
modifying the terms of the Indenture and the Notes as described therein. It is
also provided in the Indenture that the holders of a majority in aggregate
principal amount of the Notes at the time outstanding may on behalf of the
holders of all of the Notes waive any past Default or Event of Default under the
Indenture and its

                                       5
<PAGE>

consequences except as provided in the Indenture. Any such consent or waiver by
the holder of this Note (unless revoked as provided in the Indenture) shall be
conclusive and binding upon such holder and upon all future holders and owners
of this Note and any Notes that may be issued in exchange or substitution hereof
or upon registration of transfer hereof, irrespective of whether or not any
notation thereof is made upon this Note or such other Notes.

      No reference herein to the Indenture and no provision of this Note or of
the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, premium, if any, and
accrued and unpaid interest, and Additional Interest, if any, on this Note at
the place, at the respective times, at the rate and in the lawful money herein
prescribed.

      The Notes are issuable in registered form without coupons in denominations
of $1,000 principal amount and integral multiples thereof. At the office or
agency of the Company referred to on the face hereof, and in the manner and
subject to the limitations provided in the Indenture, without payment of any
service charge but with payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection with any registration or
exchange of Notes, Notes may be exchanged for a like aggregate principal amount
of Notes of other authorized denominations.

      The Notes are not subject to redemption through the operation of any
sinking fund. Prior to March 15, 2013, the Notes will not be redeemable at the
Company's option. Subject to the terms and conditions of the Indenture,
beginning on March 15, 2013, the Company, at its option, may redeem the Notes
for cash at any time as a whole, or from time to time in part, at a price equal
to the principal amount of the Notes redeemed plus accrued and unpaid interest,
and Additional Interest, if any, on the Notes redeemed to (but excluding) the
Redemption Date.

      Subject to the terms and conditions of the Indenture, the Company shall
become obligated to purchase, at the option of the holder, all or any portion of
Notes held by such holder on March 15, 2013 and March 15, 2021, in integral
multiples of $1,000 at a Repurchase Price equal to the principal amount of the
Notes repurchased.

      Upon the occurrence of a Fundamental Change, the holder has the right, at
such holder's option, to require the Company to repurchase all of such holder's
Notes or any portion thereof (in principal amounts of $1,000 or integral
multiples thereof) on the Fundamental Change Repurchase Date at a price equal to
100% of the principal amount of the Notes such holder elects to require the
Company to repurchase, together with accrued and unpaid interest, including
accrued and

                                       6
<PAGE>

unpaid Additional Interest, if any, to but excluding the Fundamental Change
Repurchase Date. The Company or, at the written request of the Company, the
Trustee shall mail to all holders of record of the Notes a notice of the
occurrence of a Fundamental Change and of the repurchase right arising as a
result thereof on or before the fifth Business Day after the occurrence of such
Fundamental Change.

      Subject to the provisions of the Indenture, the holder hereof has the
right, at its option, during certain periods and upon the occurrence of certain
conditions specified in the Indenture and prior to the close of business on the
Business Day immediately preceding the Maturity Date, to convert any Notes or
portion thereof that is $1,000 or an integral multiple thereof, into cash and,
if applicable, shares of Common Stock, at a Conversion Rate specified in the
Indenture, as adjusted from time to time as provided in the Indenture, upon
surrender of this Note, together with a conversion notice as provided in the
Indenture and this Note, to the Company at the office or agency of the Company
maintained for that purpose in the Borough of Manhattan, The City of New York,
and, unless the shares issuable on conversion are to be issued in the same name
as this Note, duly endorsed by, or accompanied by instruments of transfer in
form satisfactory to the Company duly executed by, the holder or by its duly
authorized attorney. The initial Conversion Rate shall be 22.4618 shares for
each $1,000 principal amount of Notes. No fractional shares of Common Stock will
be issued upon any conversion, but an adjustment in cash will be paid to the
holder, as provided in the Indenture, in respect of any fraction of a share that
would otherwise be issuable upon the surrender of any Note or Notes for
conversion. No adjustment shall be made for dividends or any shares issued upon
conversion of such Note except as provided in the Indenture.

      Upon due presentment for registration of transfer of this Note at the
office or agency of the Company in the Borough of Manhattan, The City of New
York, a new Note or Notes of authorized denominations for an equal aggregate
principal amount will be issued to the transferee in exchange thereof, subject
to the limitations provided in the Indenture, without charge except for any tax,
assessments or other governmental charge imposed in connection therewith.

      The Company, the Trustee, any authenticating agent, any Paying Agent, any
Conversion Agent and any Note registrar may deem and treat the registered holder
hereof as the absolute owner of this Note (whether or not this Note shall be
overdue and notwithstanding any notation of ownership or other writing hereon),
for the purpose of receiving payment hereof, or on account hereof, for the
conversion hereof and for all other purposes, and neither the Company nor the
Trustee nor any other authenticating agent nor any Paying Agent nor any other
Conversion Agent nor any Note registrar shall be affected by any notice to the

                                       7
<PAGE>

contrary. Notwithstanding the foregoing, the Indenture provides that following a
Default, owners of beneficial interests in a Global Note may directly enforce
against the Company such owners' right to exchange such beneficial interest for
Notes in certificated form. All payments made to or upon the order of such
registered holder shall, to the extent of the sum or sums paid, satisfy and
discharge liability for monies payable on this Note.

      No recourse for the payment of the principal of or any premium or accrued
and unpaid interest, including Additional Interest, if any, on this Note, or for
any claim based hereon or otherwise in respect hereof, and no recourse under or
upon any obligation, covenant or agreement of the Company in the Indenture or
any indenture supplemental thereto or in any Note, or because of the creation of
any indebtedness represented thereby, shall be had against any incorporator,
stockholder, employee, agent, officer, director or subsidiary, as such, past,
present or future, of the Company or of any successor corporation or other
entity, either directly or through the Company or any successor corporation or
other entity, whether by virtue of any constitution, statute or rule of law or
by the enforcement of any assessment or penalty or otherwise, all such liability
being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released.

      Terms used in this Note and defined in the Indenture are used herein as
therein defined.

                                       8
<PAGE>

                                  ABBREVIATIONS

The following abbreviations, when used in the inscription of the face of this
Note, shall be construed as though they were written out in full according to
applicable laws or regulations:

TEN COM - as tenants in common                   UNIF GIFT MIN ACT
                                                                       Custodian
                                                 -----------------
                                                       (Cust)

TEN ENT - as tenants by the entireties
                                                 -----------------
                                                       (Minor)

JT TEN  - as joint tenants with right of
survivorship and not as tenants in common       Uniform Gifts to Minors
                                                   Act ________ (State)

                    Additional abbreviations may also be used
                          though not in the above list.

                                       9
<PAGE>

                         [FORM OF NOTICE OF CONVERSION]

To: Albany International Corp.

      The undersigned registered owner of this Note hereby exercises the option
to convert this Note, or the portion hereof (that is $1,000 principal amount or
an integral multiple thereof) below designated, into cash and shares of Common
Stock, if any, in accordance with the terms of the Indenture referred to in this
Note, and directs that the shares issuable and deliverable upon such conversion,
if any, together with any cash comprising a portion of the Daily Settlement
Amounts for each of the twenty-five Trading Days during the Cash Settlement
Averaging Period and for fractional shares and any Notes representing any
unconverted principal amount hereof, be issued and delivered to the registered
holder hereof unless a different name has been indicated below. If shares or any
portion of this Note not converted are to be issued in the name of a Person
other than the undersigned, the undersigned will pay all transfer taxes payable
with respect thereto. Any amount required to be paid to the undersigned on
account of interest accompanies this Note.

Dated:
      --------------------------       -----------------------------------------

                                       -----------------------------------------
                                       Signature(s)

--------------------------------
Signature Guarantee

Signature(s) must be guaranteed by an eligible
Guarantor Institution (banks, stock brokers,
savings and loan associations and credit unions)
with membership in an approved signature guarantee
medallion program pursuant to Securities and
Exchange Commission Rule 17Ad-15 if shares of
Common Stock are to be issued, or Notes to be
delivered, other than to and in the name of the
registered holder.

                                        1
<PAGE>

Fill in for registration of shares if to be
issued, and Notes if to be delivered, other than
to and in the name of the registered holder:

---------------------------------
(Name)

---------------------------------
(Street Address)

---------------------------------
(City, State and Zip Code)
Please print name and address

                                       Principal amount to be converted (if less
                                       than all):  $______,000

                                       NOTICE: The above signature(s) of the
                                       holder(s) hereof must correspond with the
                                       name as written upon the face of the Note
                                       in every particular without alteration or
                                       enlargement or any change whatever.

                                       -----------------------------------------
                                       Social Security or Other Taxpayer
                                             Identification Number

                                        2
<PAGE>

                 [FORM OF FUNDAMENTAL CHANGE REPURCHASE NOTICE]

To: Albany International Corp.

The undersigned registered owner of this Note hereby acknowledges receipt of a
notice from Albany International Corp. (the "Company") as to the occurrence of a
Fundamental Change with respect to the Company and requests and instructs the
Company to repay the entire principal amount of this Note, or the portion
thereof (that is $1,000 principal amount or an integral multiple thereof) below
designated, in accordance with the applicable provisions of the Indenture
referred to in this Note, together with accrued and unpaid interest, including
Additional Interest, if any, to, but excluding, such date, to the registered
holder hereof.

In the case of certificated Notes, the certificate numbers of the Notes to be
repurchased are as set forth below:

Dated:
      --------------------------       -----------------------------------------

                                       -----------------------------------------
                                       Signature(s)

                                       -----------------------------------------
                                       Social Security or Other Taxpayer
                                       Identification Number

                                       Principal amount to be repaid (if less
                                       than all):  $______,000

                                       NOTICE: The above signature(s) of the
                                       holder(s) hereof must correspond with the
                                       name as written upon the face of the Note
                                       in every particular without alteration or
                                       enlargement or any change whatever.

                                        1
<PAGE>

                           [FORM OF REPURCHASE NOTICE]

To: Albany International Corp.

The undersigned registered owner of this Note hereby requests and instructs
Albany International Corp. to repay the entire principal amount of this Note, or
the portion thereof (that is $1,000 principal amount or an integral multiple
thereof) below designated, in accordance with the terms and conditions of the
Indenture referred to in this Note at the Repurchase Price to the registered
holder hereof.

In the case of certificated Notes, the certificate numbers of the Notes to be
repurchased are as set forth below:

Dated:
      --------------------------       -----------------------------------------

                                       -----------------------------------------
                                       Signature(s)

                                       -----------------------------------------
                                       Social Security or Other Taxpayer
                                       Identification Number

                                       Principal amount to be repaid (if less
                                       than all):  $______,000

                                       NOTICE: The above signature(s) of the
                                       holder(s) hereof must correspond with the
                                       name as written upon the face of the Note
                                       in every particular without alteration or
                                       enlargement or any change whatever.

                                        1
<PAGE>

                        [FORM OF ASSIGNMENT AND TRANSFER]

For value received ____________________________ hereby sell(s), assign(s) and
transfer(s) unto _________________ (Please insert social security or Taxpayer
Identification Number of assignee) the within Note, and hereby irrevocably
constitutes and appoints ________ _____________ attorney to transfer the said
Note on the books of the Company, with full power of substitution in the
premises.

In connection with any transfer of the within Note occurring prior to the Resale
Restriction Termination Date, as defined in the Indenture governing such Note,
the undersigned confirms that such Note is being transferred:

|_|   To Albany International Corp. or a subsidiary thereof; or

|_|   Pursuant to the registration statement that has become or been declared
      effective under the Securities Act of 1933, as amended; or

|_|   Pursuant to and in compliance with Rule 144A under the Securities Act of
      1933, as amended; or

|_|   Pursuant to and in compliance with Rule 144 under the Securities Act of
      1933, as amended; or

|_|   Pursuant to another available exemption from registration under the
      Securities Act of 1933, as amended.

                                        1
<PAGE>

Dated:
      ---------------------------------

---------------------------------------
Signature(s)

---------------------------------------
Signature Guarantee

---------------------------------------
Signature(s) must be guaranteed by an eligible
Guarantor Institution (banks, stock brokers,
savings and loan associations and credit unions)
with membership in an approved signature guarantee
medallion program pursuant to Securities and
Exchange Commission Rule 17Ad-15 Notes are to be
delivered, other than to and in the name of the
registered holder.

NOTICE: The signature on the assignment must correspond with the name as written
upon the face of the Note in every particular without alteration or enlargement
or any change whatever.

                                       2

<PAGE>

                                                                      SCHEDULE A

                           ALBANY INTERNATIONAL CORP.
                     2.25% Convertible Senior Notes Due 2026

    The following increases or decreases in this Global Note have been made:

<TABLE>
<CAPTION>
                                                                                                     Signature of
                                                                                                      authorized
                   Amount of decrease in      Amount of increase in    Principal Amount of this      signatory of
                    Principal Amount of     Principal Amount of this     Global Note following        Trustee or
Date of Exchange      this Global Note             Global Note         such decrease or increase      Custodian

<S>               <C>                        <C>                       <C>                        <C>
----------------  ------------------------  -------------------------  -------------------------  ------------------

----------------  ------------------------  -------------------------  -------------------------  ------------------

----------------  ------------------------  -------------------------  -------------------------  ------------------

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</TABLE>

                                        3Exhibit 4.3

                                                                  EXECUTION COPY

                           Albany International Corp.

                     2.25% Convertible Senior Notes Due 2026

                          Registration Rights Agreement

                                                               March 13, 2006

J.P. Morgan Securities Inc.
277 Park Avenue
9th Floor
New York, New York 10172

Banc of America Securities LLC
9 West 57th Street
New York, New York 10019

Ladies and Gentlemen:

            Albany International Corp., a Delaware corporation (the "Company"),
proposes to issue and sell to the initial purchasers (the "Initial Purchasers")
listed on Schedule I to the purchase agreement dated March 8, 2006 (the
"Purchase Agreement"), for whom J.P. Morgan Securities Inc. ("JPMorgan") and
Banc of America Securities LLC ("Banc of America") are acting as
representatives, up to $180,000,000 aggregate principal amount of its 2.25%
Convertible Senior Notes due 2026 (the "Notes"). Capitalized terms used but not
defined herein shall have the meanings given to such terms in the Purchase
Agreement.

            As an inducement to the Initial Purchasers to enter into the
Purchase Agreement and in satisfaction of a condition to the obligations of the
Initial Purchasers thereunder, the Company agrees with the Initial Purchasers,
for the benefit of the holders (including the Initial Purchasers) of the Notes
and the Shares (as defined below) (collectively, the "Holders"), as follows:

      1. Certain Definitions.

      For purposes of this Registration Rights Agreement, the following terms
shall have the following meanings:

            (a) "Additional Interest" has the meaning assigned thereto in
      Section 2(d).

            (b) "Additional Interest Payment Date" has the meaning assigned
      thereto in Section 2(d).

                                       1
<PAGE>

            (c) "Affiliate" has the meaning set forth in Rule 405 under the
      Securities Act, except where otherwise expressly provided.

            (d) "Agreement" means this Registration Rights Agreement, as the
      same may be amended from time to time pursuant to the terms hereof.

            (e) "Business Day" means any day on which The New York Stock
      Exchange, Inc. is open for trading.

            (f) "Closing Date" means the date on which any Notes are initially
      issued.

            (g) "Commission" means the Securities and Exchange Commission, or
      any other federal agency at the time administering the Exchange Act or the
      Securities Act, whichever is the relevant statute for the particular
      purpose.

            (h) "Company" has the meaning specified in the first paragraph of
      this Agreement.

            (i) "Deferral Notice" has the meaning assigned thereto in Section
      3(b).

            (j) "Deferral Period" has the meaning assigned thereto in Section
      3(b).

            (k) "Effective Period" has the meaning assigned thereto in Section
      2(a).

            (l) "Exchange Act" means the Securities Exchange Act of 1934, as
      amended, and the rules and regulations promulgated thereunder.

            (m) "Holder" means each holder, from time to time, of Registrable
      Securities (including the Initial Purchasers).

            (n) "Indenture" means the Indenture dated as of March 13, 2006,
      among the Company and JPMorgan Chase Bank, N.A., as Trustee pursuant to
      which the Notes are being issued.

            (o) "Initial Placement" means the initial placement of the Notes
      pursuant to the terms of the Purchase Agreement.

            (p) "Initial Purchasers" has the meaning specified in the first
      paragraph of this Agreement.

            (q) "Material Event" has the meaning assigned thereto in Section
      3(a)(iii).

            (r) "Majority Holders" shall mean, on any date, holders of the
      majority of the Shares constituting Registrable Securities; for the
      purposes of this definition, Holders of Notes constituting Registrable
      Securities shall be deemed to be the Holders of

                                       2
<PAGE>

      the number of Shares into which such Notes are or would be convertible as
      of such date.

            (s) "NASD" shall mean the National Association of Securities
      Dealers, Inc.

            (t) "NASD Rules" shall mean the Conduct Rules and the By-Laws of the
      NASD.

            (u) "Notes" means the 2.25% Convertible Senior Notes Due 2026 to be
      issued under the Indenture and sold by the Company to the Initial
      Purchasers.

            (v) "Notice and Questionnaire" means a written notice delivered to
      the Company containing substantially the information called for by the
      Form of Selling Securityholder Notice and Questionnaire attached as Annex
      A to the Offering Memorandum.

            (w) "Notice Holder" means, on any date, any Holder that has
      delivered a Notice and Questionnaire to the Company on or prior to such
      date.

            (x) "Offering Memorandum" means the Offering Memorandum dated March
      8, 2006 relating to the offer and sale of the Securities.

            (y) "Person" means a corporation, limited liability company,
      association, partnership, organization, business, individual, government
      or political subdivision thereof or governmental agency.

            (z) "Prospectus" means the prospectus included in any Shelf
      Registration Statement (including, without limitation, a prospectus that
      discloses information previously omitted from a prospectus filed as part
      of a registration statement in reliance upon Rule 430A under the
      Securities Act), as amended or supplemented by any amendment or prospectus
      supplement, including post-effective amendments, and all materials
      incorporated by reference or explicitly deemed to be incorporated by
      reference in such Prospectus.

            (aa) "Purchase Agreement" has the meaning specified in the first
      paragraph of this Agreement.

            (bb) "Registrable Securities" means the Securities; provided,
      however, that such Securities shall cease to be Registrable Securities
      when (i) in the circumstances contemplated by Section 2(a), a registration
      statement registering such Securities under the Securities Act has been
      declared or becomes effective and such Securities have been sold or
      otherwise transferred by the Holder thereof pursuant to such effective
      registration statement; (ii) such Securities are sold pursuant to Rule 144
      under circumstances in which any legend borne by such Securities relating
      to restrictions on transferability

                                       3
<PAGE>

      thereof, under the Securities Act or otherwise, is removed or such
      Securities are eligible to be sold pursuant to Rule 144(k) or any
      successor provision; or (iii) such Securities shall cease to be
      outstanding (including, in the case of the Notes, upon conversion into
      Shares).

            (cc) "Registration Default" has the meaning assigned thereto in
      Section 2(e).

            (dd) "Registration Expenses" has the meaning assigned thereto in
      Section 5.

            (ee) "Rules" refers to the rules promulgated under the Securities
      Act.

            (ff) "Securities" means, collectively, the Notes and the Shares.

            (gg) "Securities Act" means the Securities Act of 1933, as amended,
      and the rules and regulations promulgated thereunder.

            (hh) "Shares" means the shares of Class A common stock of the
      Company, par value $0.001 per share, into which the Notes are convertible
      or that have been issued upon any conversion from Notes into Class A
      common stock of the Company.

            (ii) "Shelf Registration Statement" means the shelf registration
      statement referred to in Section 2(a), as amended or supplemented by any
      amendment or supplement, including post-effective amendments and any
      additional information contained in a form of prospectus or prospectus
      supplement that is deemed retroactively to be a part of the shelf
      registration statement pursuant to Rules 430A, 430B or 430C, and all
      materials incorporated by reference or explicitly deemed to be
      incorporated by reference in such Shelf Registration Statement.

            (jj) "Special Counsel" shall have the meaning assigned thereto in
      Section 5.

            (kk) "Trustee" shall have the meaning assigned such term in the
      Indenture.

            (ll) "Trust Indenture Act" means the Trust Indenture Act of 1939, or
      any successor thereto, and the rules, regulations and forms promulgated
      thereunder, all as the same shall be amended from time to time.

      Unless the context otherwise requires, any reference herein to a "Section"
or "clause" refers to a Section or clause, as the case may be, of this
Agreement, and the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Agreement as a whole and not to any particular
Section or other subdivision. Unless the context otherwise requires, any
reference to a statute, rule or regulation refers to the same (including any
successor statute, rule or regulation thereto) as it may be amended from time to
time.

                                       4
<PAGE>

      2. Registration Under the Securities Act.

            (a) The Company agrees to file under the Securities Act as promptly
      as practicable, but in any event within 90 days after the Closing Date, a
      shelf registration statement providing for the registration of, and the
      sale on a continuous or delayed basis by the Holders of, all of the
      Registrable Securities pursuant to Rule 415 under the Securities Act or
      any similar rule that may be adopted by the Commission; provided, that
      such registration statement shall be an "automatic shelf registration
      statement," as such term is defined in Rule 405 under the Securities Act,
      if the Company is then eligible to use automatic shelf registration
      statements. If the Shelf Registration Statement is not an automatic shelf
      registration statement, the Company agrees to use its reasonable best
      efforts to cause the Shelf Registration Statement to be declared effective
      as promptly as possible, but in any event no later than 180 days after the
      Closing Date. The Company agrees to use reasonable efforts to keep the
      Shelf Registration Statement continuously effective until the earlier of
      (i) the second anniversary of the Closing Date or (ii) such time as there
      are no longer any Registrable Securities outstanding (the "Effective
      Period"). None of the Company's securityholders (other than Holders of
      Registrable Securities) shall have the right to include any of the
      Company's securities in the Shelf Registration Statement.

            (b) The Company further agrees that it shall cause the Shelf
      Registration Statement, the related Prospectus and any amendment or
      supplement thereto, as of the effective date of the Shelf Registration
      Statement, as of the time of sale of any Securities under such Shelf
      Registration Statement, and as of the date of any such amendment or
      supplement, (i) to comply in all material respects with the applicable
      requirements of the Securities Act; and (ii) not to contain any untrue
      statement of a material fact or omit to state a material fact required to
      be stated therein or necessary in order to make the statements therein (in
      the case of the Prospectus, in the light of the circumstances under which
      they were made) not misleading, and the Company agrees to furnish to the
      Holders of the Registrable Securities seeking to sell Securities pursuant
      to such amendment or supplement, and to any other Holder upon such
      Holder's request, copies of any supplement or amendment prior to its being
      used or promptly following its filing with the Commission; provided,
      however, that the Company shall have no obligation to deliver to the
      Holders of the Registrable Securities copies of any amendment consisting
      exclusively of an Exchange Act report or other Exchange Act filing
      otherwise publicly available on the Company's website. If the Shelf
      Registration Statement, as amended or supplemented from time to time,
      ceases to be effective for any reason at any time during the Effective
      Period (other than because all Registrable Securities registered
      thereunder shall have been sold pursuant thereto or shall have otherwise
      ceased to be Registrable Securities), the Company shall use its reasonable
      best efforts to obtain the prompt withdrawal of any order suspending the
      effectiveness thereof.

                                       5
<PAGE>

            (c) Each Holder of Registrable Securities agrees that if such Holder
      wishes to sell Registrable Securities pursuant to the Shelf Registration
      Statement and related Prospectus, it will do so only in accordance with
      this Section 2(c) and with Section 3(b). From and after the date the Shelf
      Registration Statement is initially effective, the Company shall, as
      promptly as is practicable after the date a Notice and Questionnaire is
      delivered, and in any event within the later of (x) fifteen (15) Business
      Days after the date such Notice and Questionnaire is delivered, or (y) if
      a Notice and Questionnaire is delivered during a Deferral Period, the
      fifth Business Day after the expiration of such Deferral Period,

                  (i) file with the Commission a post-effective amendment to the
            Shelf Registration Statement or prepare and file a supplement to the
            related Prospectus or a supplement or amendment to any document
            incorporated therein by reference or file any other required
            document so that the Holder delivering such Notice and Questionnaire
            is named as a selling security holder in the Shelf Registration
            Statement and the related Prospectus in such a manner as to permit
            such Holder to deliver such Prospectus to purchasers of the
            Registrable Securities if required by applicable law and, if the
            Company shall file a post-effective amendment to the Shelf
            Registration Statement and such amendment is not automatically
            effective, use its reasonable efforts to cause such post-effective
            amendment to be declared effective under the Securities Act as
            promptly as is practicable;

                  (ii) provide such Holder copies of any documents filed
            pursuant to Section 2(c)(i); and

                  (iii) notify such Holder as promptly as practicable after the
            effectiveness under the Securities Act of any post-effective
            amendment filed pursuant to Section 2(c)(i);

      provided that in no event shall the Company be required to make more than
      one such filing during any 15 Business Day period and, in addition, if the
      Shelf Registration Statement is not an automatic shelf registration
      statement, the Company shall not be required to make more than one such
      filing in any calendar quarter in the form of a post-effective amendment
      to the Shelf Registration Statement; provided, further, that if such
      Notice and Questionnaire is delivered during a Deferral Period, the
      Company shall so inform the Holder delivering such Notice and
      Questionnaire and shall take the actions set forth in clauses (i), (ii)
      and (iii) above upon expiration of the Deferral Period in accordance with
      Section 3(b). Notwithstanding anything contained herein to the contrary,
      the Company shall be under no obligation to name any Holder that is not a
      Notice Holder as a selling securityholder in any Shelf Registration
      Statement or related Prospectus.

                                       6
<PAGE>

            (d) If any of the following events (any such event a "Registration
      Default") shall occur, then additional interest (the "Additional
      Interest") shall become payable by the Company to Holders in respect of
      the Notes as follows:

                  (i) if the Shelf Registration Statement is not filed with the
            Commission within 90 days following the Closing Date, then
            commencing on the 91st day after the Closing Date, Additional
            Interest shall accrue on the principal amount of the outstanding
            Notes that are Registrable Securities at a rate of 0.25% per annum
            for the first 90 days following such 91st day and at a rate of 0.5%
            per annum thereafter; or

                  (ii) if the Shelf Registration Statement has not become or is
            not declared effective by the Commission within 180 days following
            the Closing Date, then commencing on the 181st day after the Closing
            Date, Additional Interest shall accrue on the principal amount of
            the outstanding Notes that are Registrable Securities at a rate of
            0.25% per annum for the first 90 days following such 181st day and
            at a rate of 0.5% per annum thereafter; or

                  (iii) if the Shelf Registration Statement has become or been
            declared effective but such Shelf Registration Statement ceases to
            be effective at any time during the Effective Period (other than
            pursuant to Section 3(b) hereof), then commencing on the day such
            Shelf Registration Statement ceases to be effective, Additional
            Interest shall accrue on the principal amount of the outstanding
            Notes that are Registrable Securities at a rate of 0.25% per annum
            for the first 90 days following such date on which the Shelf
            Registration Statement ceases to be effective and at a rate of 0.5%
            per annum thereafter; or

                  (iv) if the aggregate duration of Deferral Periods in any
            period exceeds the number of days permitted in respect of such
            period pursuant to Section 3(b) hereof, then commencing on the day
            the aggregate duration of Deferral Periods in any period exceeds the
            number of days permitted in respect of such period (and again on the
            first day of any subsequent Deferral Period during such period),
            Additional Interest shall accrue on the principal amount of the
            outstanding Notes that are Registrable Securities at a rate of 0.25%
            per annum for the first 90 days and at a rate of 0.5% per annum
            thereafter;

      provided, however, that the Additional Interest rate on the Notes shall
      not exceed in the aggregate 0.5% per annum and shall not be payable under
      more than one clause above for any given period of time, except that if
      Additional Interest would be payable under more than one clause above, but
      at a rate of 0.25% per annum under one clause and at a rate of 0.5% per
      annum under the other, then the Additional Interest rate shall be the
      higher rate of 0.5% per annum; provided further, however, that (1) upon
      the filing of the Shelf Registration Statement (in the case of clause (i)
      above), (2) upon the effectiveness of the Shelf Registration Statement (in
      the case of clause (ii) above), (3) upon the effectiveness

                                       7
<PAGE>

      of the Shelf Registration Statement which had ceased to remain effective
      (in the case of clause (iii) above), (4) upon the termination of the
      Deferral Period that caused the limit on the aggregate duration of
      Deferral Periods in a period set forth in Section 3(b) to be exceeded (in
      the case of clause (iv) above) or (5) upon the termination of certain
      transfer restrictions on the Securities as a result of the application of
      Rule 144(k) or any successor provision, Additional Interest on the Notes
      as a result of such clause, as the case may be, shall cease to accrue;
      provided, further that in no event will Additional Interest be payable in
      connection with a Registration Default relating to a failure to register
      the Class A common stock deliverable upon conversion of the Notes. For the
      avoidance of doubt, if the Company fails to register both the Notes and
      the Class A common stock deliverable upon conversion of the Notes, then
      Additional Interest will be payable in connection with the Registration
      Default relating to the failure to register the Notes.

            Additional Interest on the Notes, if any, will be payable in cash on
      March 15 and September 15 of each year (the "Additional Interest Payment
      Date") to holders of record of outstanding Notes that are Registrable
      Securities at the close of business on March 1 or September 1 (whether or
      not a Business Day), as the case may be, immediately preceding the
      relevant interest payment date, provided that any Additional Interest
      accrued with respect to any Notes or portion thereof called for redemption
      on a redemption date or converted into Shares on a conversion date prior
      to the Registration Default shall, in any such event, be paid instead to
      the Holder who submitted such Notes or portion thereof for redemption or
      conversion on the applicable redemption date or conversion date, as the
      case may be, on such date (or promptly following the conversion date, in
      the case of conversion). Following the cure of all Registration Defaults
      requiring the payment of Additional Interest to the Holders of Notes that
      are Registrable Securities pursuant to this Section, the accrual of
      Additional Interest will cease (without in any way limiting the effect of
      any subsequent Registration Default requiring the payment of Additional
      Interest).

            The Company shall notify the Trustee immediately upon the happening
      of each and every Registration Default. Notwithstanding the foregoing, the
      parties agree that the sole monetary damages payable for a violation of
      the terms of this Agreement with respect to which additional monetary
      amounts are expressly provided shall be as set forth in this Section 2(d).
      Nothing shall preclude a Notice Holder or Holder of Registrable Securities
      from pursuing or obtaining specific performance or other equitable relief
      with respect to this Agreement.

      3. Registration Procedures.

      The following provisions shall apply to the Shelf Registration Statement
filed pursuant to Section 2:

            (a) The Company shall:

                                       8
<PAGE>

                  (i) furnish to the Initial Purchasers copies of any Shelf
            Registration Statement or Prospectus or any amendments or
            supplements thereto proposed to be filed with the Commission
            relating to the Registrable Securities within three (3) Business
            Days prior to filing any such Shelf Registration Statement or
            Prospectus or any amendments or supplements thereto with the
            Commission;

                  (ii) use its reasonable efforts to prepare and file with the
            Commission such amendments and post-effective amendments to the
            Shelf Registration Statement and file with the Commission any other
            required document as may be necessary to keep such Shelf
            Registration Statement continuously effective until the expiration
            of the Effective Period; use reasonable efforts to cause the related
            Prospectus to be supplemented by any required prospectus supplement,
            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 applicable to it
            with respect to the disposition of all Securities covered by such
            Shelf Registration Statement during the Effective Period in
            accordance with the intended methods of disposition by the sellers
            thereof set forth in such Shelf Registration Statement as so amended
            or such Prospectus as so supplemented;

                  (iii) as promptly as practicable, notify the Notice Holders of
            Registrable Securities (A) when such Shelf Registration Statement or
            the Prospectus included therein or any amendment or supplement to
            the Prospectus or post-effective amendment has been filed with the
            Commission, and, with respect to such Shelf Registration Statement
            or any post-effective amendment, when the same is declared or has
            become effective, (B) of any request, following the effectiveness of
            the Shelf Registration Statement, by the Commission or any other
            Federal or state governmental authority for amendments or
            supplements to the Shelf Registration Statement or related
            Prospectus or for additional information, (C) of the issuance by the
            Commission of any stop order suspending the effectiveness of such
            Shelf Registration Statement or the initiation or written threat of
            any proceedings for that purpose, (D) of the receipt by the Company
            of any notification with respect to the suspension of the
            qualification of the Registrable Securities for sale in any
            jurisdiction or the initiation or written threat of any proceeding
            for such purpose, (E) of the occurrence of (but not the nature of or
            details concerning) any event or the existence of any fact as a
            result of which any Shelf Registration Statement shall 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, or any Prospectus shall 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 the light of the circumstances under which
            they were made, not misleading (a "Material Event") (provided,
            however, that no notice by the Company shall be required pursuant to
            this clause (E) in the event that the Company either promptly files
            a prospectus

                                       9
<PAGE>

            supplement to update the Prospectus or a Form 8-K or other
            appropriate Exchange Act report that is incorporated by reference
            into the Shelf Registration Statement, which, in either case,
            contains the requisite information with respect to such Material
            Event that results in such Shelf Registration Statement or
            Prospectus, as the case may be, no longer containing any untrue
            statement of material fact or omitting to state a material fact
            necessary to make the statements contained therein, in the case of
            the Prospectus, in light of the circumstances under which they were
            made, not misleading), (F) of the determination by the Company that
            a post-effective amendment to the Shelf Registration Statement will
            be filed with the Commission, which notice may, at the discretion of
            the Company (or as required pursuant to Section 3(b)), state that it
            constitutes a Deferral Notice, in which event the provisions of
            Section 3(b) shall apply or (G) at any time when a Prospectus is
            required (or but for the exemption contained in Rule 172 would be
            required) to be delivered under the Securities Act, that the Shelf
            Registration Statement, Prospectus, or any amendment, supplement or
            post-effective amendment thereto does not conform in all material
            respects to the applicable requirements of the Securities Act and
            the Trust Indenture Act and the rules and regulations of the
            Commission thereunder;

                  (iv) prior to any public offering of the Registrable
            Securities pursuant to the Shelf Registration Statement, use its
            reasonable best efforts to register or qualify, or cooperate with
            the Notice Holders of Securities included therein in connection with
            the registration or qualification of, such Securities for offer and
            sale under the securities or blue sky laws of such jurisdictions as
            any such Notice Holders reasonably requests in writing; prior to any
            public offering of the Registrable Securities pursuant to the Shelf
            Registration Statement, use its reasonable efforts to keep each such
            registration or qualification (or exemption therefrom) effective
            during the Effective Period in connection with such Notice Holder's
            offer and sale of Registrable Securities pursuant to such
            registration or qualification (or exemption therefrom) and do any
            and all other acts or things reasonably necessary or advisable to
            enable the disposition in such jurisdictions of such Registrable
            Securities in the manner set forth in the Shelf Registration
            Statement and the related Prospectus; provided that the Company will
            not be required to qualify generally to do business in any
            jurisdiction where it is not then so qualified or to take any action
            which would subject it to general service of process or to taxation
            in any such jurisdiction where it is not then so subject;

                  (v) use its reasonable best efforts to prevent the issuance
            of, and if issued, to obtain the withdrawal of any order suspending
            the effectiveness of the Shelf Registration Statement or any
            post-effective amendment thereto, and to lift any suspension of the
            qualification of any of the Registrable Securities for sale in any
            jurisdiction in which they have been qualified for sale, in each
            case at the earliest practicable date;

                                       10
<PAGE>

                  (vi) upon reasonable notice, for a reasonable period prior to
            the filing of the Shelf Registration Statement, and throughout the
            Effective Period, (i) make reasonably available for inspection
            during normal business hours by a representative of, and Special
            Counsel acting for, Majority Holders of the Securities being sold,
            all relevant financial and other records, pertinent corporate
            documents and properties of the Company and its subsidiaries and
            (ii) use reasonable best efforts to have their officers, directors,
            employees, accountants and counsel supply all relevant information
            reasonably requested by such representative or Special Counsel in
            connection with such Shelf Registration Statement, in each case as
            is customary for similar "due diligence" examinations; provided that
            such persons shall first agree in writing with the Company that any
            non-public information shall be kept confidential by such persons
            and shall be used solely in connection with the exercise of rights
            under this Agreement or in connection with such disposition, 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, (iii) such information becomes generally available
            to the public, other than as a result of a disclosure or failure to
            safeguard by any such person in violation of any obligation
            described herein or (iv) such information becomes available to any
            such person from a source other than the Company and such source is
            not shown to be bound by a confidentiality agreement with respect to
            such information, and provided further that in connection with such
            disposition, nothing in this Agreement shall (a) prevent such person
            from complying with all applicable disclosure laws and regulations
            in connection with such disposition, (b) restrict the ability of
            such person to consider such information for due diligence purposes
            or to share such information with other initial purchasers,
            underwriters, agents, dealers, selling holders or similar
            participants in such disposition, subject to the execution by such
            other persons of reasonable non-disclosure agreements with the
            Company, (c) prevent such persons from retaining documents or other
            information in connection with their due diligence efforts or (d)
            prevent such persons from using any such information in
            investigating or defending themselves against claims made or
            threatened by purchasers, regulatory authorities or others in
            connection with such disposition. The foregoing inspection and
            information gathering shall, to the greatest extent possible, be
            coordinated on behalf of all the Notice Holders and the other
            parties entitled thereto by Special Counsel. Any person legally
            compelled to disclose any such confidential information made
            available for inspection shall, to the extent not prohibited by law,
            rule or regulation, provide the Company with prompt prior written
            notice of such requirement so that the Company may seek a protective
            order or other appropriate remedy;

                  (vii) if reasonably requested by the Initial Purchasers or any
            Notice Holder, promptly incorporate in a prospectus supplement or
            post-effective

                                       11
<PAGE>

            amendment to the Shelf Registration Statement such information as
            the Initial Purchasers or such Notice Holder shall, on the basis of
            a written opinion of nationally-recognized counsel experienced in
            such matters, determine to be required to be included therein by
            applicable law and make any required filings of such prospectus
            supplement or such post-effective amendment; provided, that the
            Company shall not be required to take any actions under this Section
            3(a)(vii) that are not, in the reasonable opinion of counsel for the
            Company, required under applicable law;

                  (viii) as promptly as practicable, furnish to each Notice
            Holder and the Initial Purchasers, upon their request and without
            charge, at least one (1) conformed copy of the Shelf Registration
            Statement and any amendments thereto, including financial statements
            but excluding schedules, all documents incorporated or deemed to be
            incorporated therein by reference and all exhibits; provided,
            however, that the Company shall have no obligation to deliver to
            Notice Holders or Initial Purchasers a copy of any amendment
            consisting exclusively of an Exchange Act report or other Exchange
            Act filing otherwise publicly available on the Company's website;

                  (ix) during the Effective Period, deliver to each Notice
            Holder in connection with any sale of Registrable Securities
            pursuant to the Shelf Registration Statement, without charge, as
            many copies of the Prospectus relating to such Registrable
            Securities (including each preliminary prospectus) and any amendment
            or supplement thereto as such Notice Holder may reasonably request;
            and the Company hereby consents (except during such periods that a
            Deferral Notice is outstanding and has not been revoked) to the use
            of such Prospectus or each amendment or supplement thereto by each
            Notice Holder in connection with any offering and sale of the
            Registrable Securities covered by such Prospectus or any amendment
            or supplement thereto in the manner set forth therein;

                  (x) cooperate with the Notice Holders to facilitate the timely
            preparation and delivery of certificates representing Registrable
            Securities to be sold pursuant to the Shelf Registration Statement
            free of any restrictive legends and in such denominations as
            permitted by the Indenture and registered in such names as the
            Holders thereof may request in writing at least two business days
            prior to sales of Securities pursuant to such Shelf Registration
            Statement; and

                  (xi) not use, authorize the use of, refer to, or participate
            in the planning for use of, any "free writing prospectus", as
            defined in Rule 405 under the Securities Act, in connection with the
            offering or sale of the Securities, without the consent of Holders
            of Registrable Securities who are seeking to sell Securities
            pursuant to the Shelf Registration Statement or relevant supplement
            or amendment thereto.

                                       12
<PAGE>

      (b) Upon (A) the issuance by the Commission of a stop order suspending the
effectiveness of the Shelf Registration Statement or the initiation of
proceedings with respect to the Shelf Registration Statement under Section 8(d)
or 8(e) of the Securities Act, (B) the occurrence of or the existence of any
Material Event, or (C) the occurrence or existence of any corporate development
that, in the discretion of the Company, makes it appropriate to suspend the
availability of the Shelf Registration Statement and the related Prospectus, the
Company will (i) in the case of clause (B) above, subject to the next sentence
of this provision, as promptly as practicable prepare and file an amendment to
such Shelf Registration Statement or a supplement to the related Prospectus or
any document incorporated therein by reference or file any other required
document that would be incorporated by reference into such Shelf Registration
Statement and Prospectus so that such Shelf Registration Statement does 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 such Prospectus does 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 the light of the circumstances
under which they were made, not misleading, as thereafter delivered or made
available to the purchasers of the Registrable Securities being sold thereunder,
and, in the case of a post-effective amendment to the Shelf Registration
Statement, subject to the next sentence of this provision, use reasonable
efforts to cause it to be declared effective as promptly as is practicable, and
(ii) give notice to the Notice Holders that the availability of the Shelf
Registration Statement is suspended (a "Deferral Notice"). The Company will use
its reasonable best efforts to ensure that the use of the Prospectus may be
resumed (x) in the case of clause (A) above, as promptly as practicable, (y) in
the case of clause (B) above, as soon as, in the sole judgment of the Company,
public disclosure of such Material Event would not be prejudicial to or contrary
to the interests of the Company or, if necessary to avoid unreasonable burden or
expense, as soon as practicable thereafter and (z) in the case of clause (C)
above, as soon as, in the discretion of the Company, such suspension is no
longer appropriate; provided that the period during which the availability of
the Shelf Registration Statement and any Prospectus is suspended (the "Deferral
Period"), without the Company incurring any obligation to pay Additional
Interest pursuant to Section 2(d), shall not exceed one hundred and twenty (120)
days in the aggregate in any twelve (12) month period.

      (c) Each Notice Holder agrees that upon receipt of any Deferral Notice
from the Company, such Notice Holder shall forthwith discontinue (and cause any
placement or sales agent acting on its behalf to discontinue) the disposition of
Registrable Securities pursuant to the Shelf Registration Statement until such
Notice Holder (i) shall have received copies of such amended or supplemented
Prospectus (including copies of any additional or supplemental filings that are
incorporated or deemed incorporated by reference in such Prospectus) and, if so
directed by the Company, such Holder shall deliver to the Company (at the
Company's expense) all copies, other than permanent file copies, then in such
Holder's possession of the Prospectus covering such Registrable

                                       13
<PAGE>

Securities at the time of receipt of such notice or (ii) shall have received
notice from the Company that the disposition of Registrable Securities pursuant
to the Shelf Registration may continue.

      (d) The Company may require each Holder of Registrable Securities as to
which any registration pursuant to Section 2(a) is being effected to furnish to
the Company such information regarding such Holder and such Holder's intended
method of distribution of such Registrable Securities as the Company may from
time to time reasonably request in writing, but only to the extent that such
information is required in order to comply with the Securities Act.

      (e) The Company shall comply with all applicable rules and regulations of
the Commission and make generally available to its securityholders earning
statements (which need not be audited) 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) commencing on the first day of the first fiscal quarter of the
Company commencing after the effective date of the Shelf Registration Statement,
which statements shall cover said 12-month periods.

      (f) The Company shall provide a CUSIP number for all Registrable
Securities covered by the Shelf Registration Statement not later than the
initial effective date of such Shelf Registration Statement and provide the
Trustee and the transfer agent for the Shares with printed certificates for the
Registrable Securities that are in a form eligible for deposit with The
Depository Trust Company.

      (g) The Company shall use its reasonable efforts to provide such
information as is required for any filings required to be made with the National
Association of Securities Dealers, Inc.

      (h) Until the expiration of two years after the Closing Date, the Company
will not, and will not permit any of its "affiliates" (as defined in Rule 144)
to, resell any of the Securities that have been reacquired by any of them except
pursuant to an effective registration statement under the Securities Act.

      (i) The Company shall cause the Indenture to be qualified under the Trust
Indenture Act in a timely manner and shall enter into any necessary supplemental
indentures in connection therewith.

      (j) The Company shall enter into such customary agreements and take all
such other reasonable and lawful actions in connection therewith (including
those requested by the Majority Holders of the Registrable Securities being
sold) in order to expedite or facilitate disposition of such Registrable
Securities.

                                       14
<PAGE>

      4. Holder's Obligations.

            (a) Each Holder agrees, by acquisition of the Registrable
      Securities, that no Holder of Registrable Securities shall be entitled to
      sell any of such Registrable Securities pursuant to the Shelf Registration
      Statement or to receive a Prospectus relating thereto, unless such Holder
      has furnished the Company with a Notice and Questionnaire as required
      pursuant to Section 2(c) hereof (including the information required to be
      included in such Notice and Questionnaire) and the information set forth
      in the next sentence. Each Notice Holder agrees to notify the Company as
      promptly as practicable of any inaccuracy or change in information
      previously furnished by such Notice Holder to the Company or of the
      occurrence of any event in either case as a result of which any Prospectus
      relating to such registration contains or would contain an untrue
      statement of a material fact regarding such Notice Holder or such Notice
      Holder's intended method of disposition of such Registrable Securities or
      omits to state any material fact regarding such Notice Holder or such
      Notice Holder's intended method of disposition of such Registrable
      Securities required to be stated therein or necessary to make the
      statements therein not misleading, and promptly to furnish to the Company
      (i) any additional information required to correct and update any
      previously furnished information or required so that such Prospectus shall
      not contain, with respect to such Notice Holder or the disposition of such
      Registrable Securities, 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 not misleading and (ii) any other information
      regarding such Notice Holder and the distribution of such Registrable
      Securities as may be required to be disclosed in the Shelf Registration
      Statement under applicable law or pursuant to Commission comments. Each
      Holder further agrees not to sell any Registrable Securities pursuant to
      the Shelf Registration Statement without delivering, causing to be
      delivered, or, if permitted by applicable law, making available, a
      Prospectus to the purchaser thereof and, following termination of the
      Effective Period, to notify the Company, within 10 Business Days of a
      request by the Company, of the amount of Registrable Securities sold
      pursuant to the Shelf Registration Statement and, in the absence of a
      response, the Company may assume that all of the Holder's Registrable
      Securities were so sold.

            (b) Any sale of any Registrable Securities by any Holder shall
      constitute a representation and warranty by such Holder that the
      information relating to such Holder and its plan of distribution is as set
      forth in the Prospectus delivered by such Holder in connection with such
      disposition, that such Prospectus does not as of the time of such sale
      contain any untrue statement of a material fact relating to or provided by
      such Holder or its plan of distribution and that such Prospectus does not
      as of the time of such sale omit to state any material fact relating to or
      provided by such Holder or its plan of distribution necessary to make the
      statements in such Prospectus, in the light of the circumstances under
      which they were made, not misleading. Each Holder further agrees that such
      Holder will not make any offer relating to the Registrable Securities that
      would constitute an "issuer free writing prospectus" (as defined in Rule
      433 under the Securities Act) or that would otherwise constitute a "free
      writing prospectus" (as defined in Rule 405 under the Securities Act)
      required to be filed by the Company with the Commission or

                                       15
<PAGE>

      retained by the Company under Rule 433 of the Securities Act, unless it
      has obtained the prior written consent of the Company.

      5. Registration Expenses.

      The Company agrees to bear and to pay or cause to be paid all fees and
expenses incident to the Company's performance of or compliance with this
Agreement, including, but not limited to, (a) all Commission and any NASD
registration and filing fees and expenses, (b) all fees and expenses in
connection with the qualification of the Securities for offering and sale under
the State securities and Blue Sky laws referred to in Section 3(a)(v) hereof,
including reasonable fees and disbursements of one counsel for the placement
agent, if any, in connection with such qualifications, (c) all expenses relating
to the preparation, printing, distribution and reproduction of the Shelf
Registration Statement, the related Prospectus, each amendment or supplement to
each of the foregoing, the certificates representing the Securities and all
other documents relating hereto, (d) fees and expenses of the Trustee under the
Indenture, any escrow agent or custodian, and of the registrar and transfer
agent for the Shares, (e) fees, disbursements and expenses of counsel and
independent certified public accountants of the Company (including the expenses
of any opinions or "cold comfort" letters required by or incident to such
performance and compliance) and (f) reasonable fees, disbursements and expenses
of one counsel for the Holders of Registrable Securities retained in connection
with the Shelf Registration Statement, as selected by the Company (unless
reasonably objected to by the Majority Holders of the Registrable Securities
being registered, in which case the Majority Holders shall select such counsel
for the Holders) ("Special Counsel"), and fees, expenses and disbursements of
any other Persons, including special experts, retained by the Company in
connection with such registration (collectively, the "Registration Expenses").
To the extent that any Registration Expenses are incurred, assumed or paid by
any Holder of Registrable Securities or any underwriter or placement agent
therefor, the Company shall reimburse such Person for the full amount of the
Registration Expenses so incurred, assumed or paid promptly after receipt of a
documented request therefor. Notwithstanding the foregoing, the Holders of the
Registrable Securities being registered shall pay all underwriting discounts and
commissions and placement agent fees and brokers' and other commissions
attributable to the sale of such Registrable Securities and the fees and
disbursements of any counsel or other advisors or experts retained by such
Holders (severally or jointly), other than the counsel and experts specifically
referred to above.

      6. Indemnification.

            (a) The Company shall indemnify and hold harmless each Notice Holder
      (including, without limitation, any such Initial Purchaser), its
      affiliates, their respective officers, directors, employees,
      representatives and agents, and each person, if any, who controls such
      Notice Holder within the meaning of the Securities Act or the Exchange Act
      (collectively referred to for purposes of this Section 6 and Section 7 as
      an Indemnified Holder) from and against any loss, claim, damage or
      liability, joint or several, or any action in respect thereof (including,
      without limitation, any loss, claim,

                                       16
<PAGE>

      damage, liability or action relating to purchases and sales of
      Securities), to which that Indemnified Holder may become subject, whether
      commenced or threatened, under the Securities Act, the Exchange Act, any
      other federal or state statutory law or regulation, at common law or
      otherwise, insofar as such loss, claim, damage, liability or action arises
      out of, or is based upon, (i) any untrue statement or alleged untrue
      statement of a material fact contained in any such Shelf Registration
      Statement or any Prospectus forming part thereof, or (ii) the omission or
      alleged omission to state therein a material fact required to be stated
      therein or necessary in order to make the statements therein, in the light
      of the circumstances under which they were made, not misleading, and shall
      reimburse each Indemnified Holder promptly upon demand for any legal or
      other expenses reasonably incurred by that Indemnified Holder in
      connection with investigating or defending or preparing to defend against
      or appearing as a third party witness in connection with any such loss,
      claim, damage, liability or action as such expenses are incurred;
      provided, however, that the Company shall not be liable in any such case
      to the extent that any such loss, claim, damage, liability or action
      arises out of, or is based upon, an untrue statement or alleged untrue
      statement in or omission or alleged omission from any of such documents in
      reliance upon and in conformity with any information provided by such
      Indemnified Holder in writing to the Company expressly for use therein.
      This indemnity agreement shall be in addition to any liability that the
      Company may otherwise have.

            (b) Each Notice Holder shall indemnify and hold harmless the
      Company, its officers, directors, employees, representatives and agents,
      and each person, if any, who controls the Company within the meaning of
      the Securities Act or the Exchange Act (collectively referred to for
      purposes of this Section 6(b) and Section 7 as the Company), from and
      against any loss, claim, damage or liability, joint or several, or any
      action in respect thereof, to which the Company may become subject,
      whether commenced or threatened, under the Securities Act, the Exchange
      Act, any other federal or state statutory law or regulation, at common law
      or otherwise, insofar as such loss, claim, damage, liability or action
      arises out of, or is based upon, (i) any untrue statement or alleged
      untrue statement of a material fact contained in any such Shelf
      Registration Statement or any Prospectus forming part thereof, or (ii) the
      omission or alleged omission to state therein a material fact required to
      be stated therein or necessary in order to make the statements therein, in
      the light of the circumstances under which they were made, not misleading,
      but in each case only to the extent that the untrue statement or alleged
      untrue statement or omission or alleged omission was made in reliance upon
      and in conformity with any information furnished to the Company in writing
      by such Notice Holder expressly for use therein, and shall reimburse the
      Company for any legal or other expenses reasonably incurred by the Company
      in connection with investigating or defending or preparing to defend
      against or appearing as a third party witness in connection with any such
      loss, claim, damage, liability or action as such expenses are incurred;
      provided, however, that no such Notice Holder shall be liable for any
      indemnity claims hereunder in excess of the amount of net proceeds
      received by such Notice Holder from the sale of Securities pursuant to
      such Shelf Registration Statement. This indemnity

                                       17
<PAGE>

      agreement will be in addition to any liability which any such Notice
      Holder may otherwise have.

            (c) Promptly after receipt by an indemnified party under this
      Section 6 of notice of any claim or the commencement of any action, the
      indemnified party shall, if a claim in respect thereof is to be made
      against the indemnifying party pursuant to Section 6(a) or 6(b), notify
      the indemnifying party in writing of the claim or the commencement of that
      action; provided, however, that the failure to notify the indemnifying
      party shall not relieve it from any liability which it may have under this
      Section 6 except to the extent that it has been materially prejudiced
      (through the forfeiture of substantive rights or defenses) by such
      failure; and provided, further, that the failure to notify the
      indemnifying party shall not relieve it from any liability which it may
      have to an indemnified party otherwise than under this Section 6. If any
      such claim or action shall be brought against an indemnified party, and it
      shall notify the indemnifying party thereof, the indemnifying party shall
      be entitled to participate therein and, to the extent that it wishes,
      jointly with any other similarly notified indemnifying party, to assume
      the defense thereof with counsel reasonably satisfactory to the
      indemnified party. After notice from the indemnifying party to the
      indemnified party of its election to assume the defense of such claim or
      action, the indemnifying party shall not be liable to the indemnified
      party under this Section 6 for any legal or other expenses subsequently
      incurred by the indemnified party in connection with the defense thereof
      other than the reasonable costs of investigation; provided, however, that
      an indemnified party shall have the right to employ its own counsel in any
      such action, but the fees, expenses and other charges of such counsel for
      the indemnified party will be at the expense of such indemnified party
      unless (1) the employment of counsel by the indemnified party has been
      authorized in writing by the indemnifying party, (2) the indemnified party
      has reasonably concluded (based upon advice of counsel to the indemnified
      party) that there may be legal defenses available to it or other
      indemnified parties that are different from or in addition to those
      available to the indemnifying party, (3) a conflict or potential conflict
      exists (based upon advice of counsel to the indemnified party) between the
      indemnified party and the indemnifying party (in which case the
      indemnifying party will not have the right to direct the defense of such
      action on behalf of the indemnified party) or (4) the indemnifying party
      has not in fact employed counsel reasonably satisfactory to the
      indemnified party to assume the defense of such action within a reasonable
      time after receiving notice of the commencement of the action, in each of
      which cases the reasonable fees, disbursements and other charges of
      counsel will be at the expense of the indemnifying party or parties. It is
      understood that the indemnifying party or parties shall not, in connection
      with any proceeding or related proceedings in the same jurisdiction, be
      liable for the reasonable fees, disbursements and other charges of more
      than one separate firm of attorneys (in addition to any local counsel) at
      any one time for all such indemnified party or parties. Each indemnified
      party, as a condition of the indemnity agreements contained in Sections
      6(a) and 6(b), shall use all reasonable efforts to cooperate with the
      indemnifying party in the defense of any such action or claim. No

                                       18
<PAGE>

      indemnifying party shall be liable for any settlement of any such action
      effected without its written consent (which consent shall not be
      unreasonably withheld), but if settled with its written consent or if
      there be a final judgment for the plaintiff in any such action, the
      indemnifying party agrees to indemnify and hold harmless any indemnified
      party from and against any loss or liability by reason of such settlement
      or judgment. Notwithstanding the foregoing sentence, if at any time an
      indemnified party shall have requested an indemnifying party to reimburse
      the indemnified party for fees and expenses of counsel as contemplated by
      this section, the indemnifying party agrees that it shall be liable for
      any settlement of any proceeding effected without its written consent if
      (i) such settlement is entered into more than 45 days after receipt by
      such indemnifying party of a request in writing setting forth proposed
      settlement terms from the indemnified party and (ii) such indemnifying
      party shall not have reimbursed the indemnified party in accordance with
      the aforesaid request prior to the date of such settlement. No
      indemnifying party shall, without the prior written consent of the
      indemnified party (which consent shall not be unreasonably withheld),
      effect any settlement of any pending or threatened proceeding in respect
      of which any indemnified party is or could have been a party and indemnity
      could have been sought hereunder by such indemnified party, unless such
      settlement (i) includes an unconditional release of such indemnified party
      from all liability on claims that are the subject matter of such
      proceeding and (ii) does not include a statement or admission of fault,
      culpability or a failure to act, by or on behalf of the indemnified party.

            (d) The provisions of this Section 6 and Section 7 shall remain in
      full force and effect, regardless of any investigation made by or on
      behalf of any Notice Holder, the Company, or any of the indemnified
      Persons referred to in this Section 6 and Section 7, and shall survive the
      sale by a Notice Holder of Securities covered by the Shelf Registration
      Statement.

      7. Contribution.

      If the indemnification provided for in Section 6 is unavailable or
insufficient to hold harmless an indemnified party under Section 6(a) or 6(b),
then each indemnifying party shall, in lieu of indemnifying such indemnified
party, contribute to the amount paid or payable by such indemnified party as a
result of such loss, claim, damage or liability, or action in respect thereof,
(i) in such proportion as shall be appropriate to reflect the relative benefits
received by the Company from the offering and sale of the Notes, on the one
hand, and a Holder with respect to the sale by such Notice Holder of Securities,
on the other, or (ii) if the allocation provided by clause (i) above is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause (i) above but also the relative
fault of the Company on the one hand and such Notice Holder on the other with
respect to the statements or omissions that resulted in such loss, claim, damage
or liability, or action in respect thereof, as well as any other relevant
equitable considerations. The relative fault shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a
material

                                       19
<PAGE>

fact or the omission or alleged omission to state a material fact relates to the
Company or information supplied by the Company on the one hand or to any
information contained in the relevant Notice and Questionnaire supplied by such
Notice Holder on the other, the intent of the parties and their relative
knowledge, access to information and opportunity to correct or prevent such
untrue statement or omission. The Notice Holders' respective obligations to
contribute pursuant to this Section 7 are several in proportion to the
respective number of Registrable Securities they have sold pursuant to the Shelf
Registration Statement and not joint.

      The parties hereto agree that it would not be just and equitable if
contributions pursuant to this Section 7 were to be determined by pro rata
allocation or by any other method of allocation that does not take into account
the equitable considerations referred to herein. The amount paid or payable by
an indemnified party as a result of the loss, claim, damage or liability, or
action in respect thereof, referred to above in this Section 7 shall be deemed
to include, for purposes of this Section 7, any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending or preparing to defend any such action or claim. Notwithstanding
the provisions of this Section 7, an indemnifying party that is a Holder of
Securities shall not be required to contribute any amount in excess of the
amount by which the total price at which the Securities sold by such
indemnifying party to any purchaser exceeds the amount of any damages which such
indemnifying party has otherwise paid or become liable to pay by reason of any
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.

      8. Information Requirements.

      The Company covenants that, if at any time before the end of the Effective
Period the Company is not subject to the reporting requirements of the Exchange
Act, it will cooperate with any Holder and take such further action as any
Holder may reasonably request in writing (including, without limitation, making
such representations as any such Holder may reasonably request), all to the
extent required from time to time to enable such Holder to sell Registrable
Securities without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144 and Rule 144A under the Securities Act
and customarily taken in connection with sales pursuant to such exemptions. Upon
the written request of any Holder, the Company shall deliver to such Holder a
written statement as to whether it has complied with such filing requirements,
unless such a statement has been included in the Company's most recent report
filed pursuant to Section 13 or Section 15(d) of Exchange Act. Notwithstanding
the foregoing, nothing in this Section 8 shall be deemed to require the Company
to register any of its securities under any section of the Exchange Act.

                                       20
<PAGE>

      9. Miscellaneous.

            (a) Amendments and Waivers. The provisions of this Agreement may not
      be amended, modified or supplemented, and waivers or consents to
      departures from the provisions hereof may not be given, unless the Company
      has obtained the written consent of Majority Holders. 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 Registrable Securities are being sold pursuant to the Shelf
      Registration Statement and that does not directly or indirectly affect the
      rights of other Holders may be given by Holders of a majority in aggregate
      amount of the Registrable Securities being sold by such Holders pursuant
      to the Shelf Registration Statement. Notwithstanding the foregoing
      sentence, (i) this Agreement may be amended by written agreement signed by
      the Company and the Initial Purchasers, without the consent of the Holders
      of Registrable Securities, to cure any ambiguity or to correct or
      supplement any provision contained herein that may be defective or
      inconsistent with any other provision contained herein, or to make such
      other provisions in regard to matters or questions arising under this
      Agreement that shall not adversely affect the interests of the Holders of
      Registrable Securities. Each Holder of Registrable Securities outstanding
      at the time of any such amendment, modification, supplement, waiver or
      consent or thereafter shall be bound by any such amendment, modification,
      supplement, waiver or consent effected pursuant to this Section 8(a),
      whether or not any notice, writing or marking indicating such amendment,
      modification, supplement, waiver or consent appears on the Registrable
      Securities or is delivered to such Holder.

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

                  (1) If to the Company, initially at the address set forth in
            the Purchase Agreement;

                  (2) If to the Initial Purchasers, initially at their
            respective addresses set forth in the Purchase Agreement; and

                  (3) If to a Holder, to the address of such Holder set forth in
            the security register, the Notice and Questionnaire or other records
            of the Company.

      All such notices and communications shall be deemed to have been duly
given: when delivered by hand, if personally delivered; one business day after
being delivered to a next-day air courier; five business days after being
deposited in the mail, if being delivered by first-class mail; and when receipt
is acknowledged by the recipient's telecopier machine, if sent by telecopier.

            (c) Successors And Assigns. Any person who purchases any Registrable
      Securities from the Initial Purchasers shall be deemed, for purposes of
      this Agreement, to be an

                                       21
<PAGE>

      assignee of the Initial Purchasers. This Agreement shall inure to the
      benefit of and be binding upon the successors and assigns of each of the
      parties and shall inure to the benefit of and be binding upon each Holder
      of any Registrable Securities, provided that nothing herein shall be
      deemed to permit any assignment, transfer or other disposition of
      Registrable Securities in violation of the terms of the Indenture. If any
      transferee of any Holder shall acquire Registrable Securities, in any
      manner, whether by operation of law or otherwise, such Registrable
      Securities shall be held subject to all of the terms of this Agreement,
      and by taking and holding such Registrable Securities, 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.

            (d) Counterparts. This Agreement may be executed in any number of
      counterparts (which may be delivered in original form or by telecopier)
      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.

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

            (f) Governing Law. This Agreement shall be governed by and construed
      in accordance with the laws of the State of New York.

            (g) Remedies. In the event of a breach by the Company or by any
      Holder of any of their respective obligations under this Agreement, each
      Holder or the Company, as the case may be, in addition to being entitled
      to exercise all rights granted by law, including recovery of damages
      (other than the recovery of damages for a breach by the Company of its
      obligations under Section 2 hereof for which Additional Interest have been
      paid pursuant to Section 3 hereof), will be entitled to specific
      performance of its rights under this Agreement. The Company and each
      Holder agree 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 agree 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.

            (h) No Inconsistent Agreements. The Company represents, warrants and
      agrees that it has not entered into, and shall not on or after the date of
      this Agreement enter into, any agreement that is inconsistent with the
      rights granted to the Holders in this Agreement or otherwise conflicts
      with the provisions hereof.

            (i) 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
      best efforts to find and employ an alternative means

                                       22
<PAGE>

      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 term, provision, covenant or restriction that may be
      hereafter declared invalid, illegal, void or unenforceable.

            (j) Survival. The respective indemnities, agreements,
      representations, warranties and each other provision set forth in this
      Agreement or made pursuant hereto shall remain in full force and effect
      regardless of any investigation (or statement as to the results thereof)
      made by or on behalf of any Holder of Registrable Securities, any
      director, officer or partner of such Holder, any agent or underwriter or
      any director, officer or partner thereof, or any controlling person of any
      of the foregoing, and shall survive delivery of and payment for the
      Registrable Securities pursuant to the Purchase Agreement and the transfer
      and registration of Registrable Securities by such Holder.

            (k) Securities Held by the Company, etc. Whenever the consent or
      approval of Holders of a specified percentage of Registrable Securities is
      required hereunder, such Securities held by the Company or its affiliates
      (other than subsequent Holders of Securities if such subsequent Holders
      are deemed to be affiliates solely by reason of their holdings of such
      Securities) shall not be counted in determining whether such consent or
      approval was given by the Holders of such required percentage.

            (l) Termination. This Agreement and the obligations of the parties
      hereunder shall terminate upon the end of the Effective Period, except for
      any liabilities or obligations under Sections 3(e), 3(h), 4, 5, 6 and 7
      hereof and the obligations to make payments of and provide for Additional
      Interest under Section 2(d) hereof to the extent such damages accrue prior
      to the end of the Effective Period, each of which shall remain in effect
      in accordance with its terms.

                                       23
<PAGE>

      If the foregoing is in accordance with your understanding of our
agreement, kindly sign and return to us a counterpart hereof, whereupon this
instrument will become a binding agreement among the Company and the several
Initial Purchasers in accordance with its terms.

                                      Very truly yours,

                                      ALBANY INTERNATIONAL CORP.

                                      By: /s/ Christopher J. Connally
                                          --------------------------------------
                                      Name:  Christopher J. Connally
                                      Title: Corporate Treasurer

Accepted: March 13, 2006

By: J.P. MORGAN SECURITIES INC.

      By: /s/ Paul J. Donnally
          ----------------------------------------
          Authorized Signatory

By: BANC OF AMERICA SECURITIES LLC

      By: /s/ Harris Winters
          ----------------------------------------
          Authorized Signatory

                                       24

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