Registration Rights Agreement Dated as of January 9, 2008 among OSI Pharmaceuticals, Inc. and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Exhibit 4.3
EXECUTION VERSION
Dated as of January 9, 2008
among
OSI Pharmaceuticals, Inc.
and
▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co.,
▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇
Incorporated
▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇
Incorporated
and
▇.▇. ▇▇▇▇▇▇ Securities Inc.
This Registration Rights Agreement (the “Agreement”) is made and entered into this 9th
day of January, 2008, among OSI Pharmaceuticals, Inc., a Delaware corporation (the
“Company”), ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co., ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated
(“▇▇▇▇▇▇▇ ▇▇▇▇▇”) and ▇.▇. ▇▇▇▇▇▇ Securities Inc. (“JPMorgan”, and together with
▇▇▇▇▇▇▇ ▇▇▇▇▇, the “Initial Purchasers”).
This Agreement is made pursuant to the Purchase Agreement (the “Purchase Agreement”),
dated January 3, 2008, among the Company and the Initial Purchasers, which provides for the sale by
the Company to the Initial Purchasers, acting severally and not jointly, of (i) $175,000,000
aggregate principal amount ($200,000,000 aggregate principal amount if the Initial Purchasers
exercise their over-allotment option in full) of the Company’s Convertible Senior Subordinated
Notes due 2038 (the “Notes” and together with the shares of Common Stock of the Company
into which the Notes are convertible, the “Securities”). In order to induce the Initial
Purchasers to enter into the Purchase Agreement, the Company has agreed to provide to the Initial
Purchasers and their direct and indirect transferees the registration rights set forth in this
Agreement. The execution of this Agreement is a condition to the closing under the Purchase
Agreement.
In consideration of the foregoing, the parties hereto agree as follows:
1. Definitions.
As used in this Agreement, the following capitalized defined terms shall have the following
meanings:
“1933 Act” shall mean the Securities Act of 1933, as amended from time to time.
“1934 Act” shall mean the Securities Exchange Act of l934, as amended from time
to time.
“1939 Act” shall mean the Trust Indenture Act of 1939, as amended from time to
time.
“Additional Interest” shall have the meaning set forth in Section 2.4 herein.
“Agreement” shall have the meaning set forth in the preamble.
“Closing Date” shall mean the Closing Time as defined in the Purchase
Agreement.
“Common Stock” shall mean any shares of common stock, par value $0.01 per
share, of the Company and any other shares of common stock as may constitute “Common Stock”
for purposes of the Indenture.
“Company” shall have the meaning set forth in the preamble and shall also
include the Company’s successors.
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“Depositary” shall mean The Depository Trust Company, or any other depositary
appointed by the Company, provided, however, that such depositary must have an address in
the Borough of Manhattan, in the City of New York.
“Effectiveness Period” shall have the meaning set forth in Section 2.1(b)
herein.
“FINRA” shall mean the Financial Industry Regulatory Authority, Inc. (successor
to the National Association of Securities Dealers, Inc.).
“Holder” shall mean any Initial Purchaser, for so long as it owns any
Registrable Securities, and its successors, assigns and direct and indirect transferees who
become owners, beneficial or otherwise, of Registrable Securities under the Indenture.
“Holders’ Counsel” shall mean a single counsel to the Holders in connection
with the Shelf Registration Statement.
“Indenture” shall mean the Indenture relating to the Notes, dated as of the
date hereof, between the Company and The Bank of New York, as Trustee, as the same may be
amended, supplemented, waived or otherwise modified from time to time in accordance with the
terms thereof.
“Initial Purchaser” “or “Initial Purchasers” shall have the meaning set
forth in the preamble.
“Issuer Free Writing Prospectus” shall have the meaning set forth in Section
2.1(f) herein.
“Majority Holders” shall mean the Holders of a majority of the aggregate
principal amount of outstanding Registrable Securities; provided that, for purposes of this
definition, (1) a Holder of shares of Common Stock that constitute Registrable Securities
which were issued upon conversion of the Notes shall be deemed to hold an aggregate
principal amount of Registrable Securities (in addition to the principal amount at maturity
of any Registrable Securities that constitute Notes held by such Holder) equal to the
principal amount at maturity of Registrable Securities which were converted into the shares
of Common Stock and (2) Common Stock that constitutes Registrable Securities and that is
held by a Holder shall be deemed to be outstanding Registrable Securities having a principal
amount equal to the Notes that were converted into such shares of Common Stock; provided
further, that whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the Company or
any Affiliate (as defined in the Indenture) of the Company shall be disregarded in
determining whether such consent or approval was given by the Holders of such required
percentage amount.
“▇▇▇▇▇▇▇ ▇▇▇▇▇” shall have the meaning set forth in the preamble.
“Notes” shall have the meaning set forth in the preamble.
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“Offering Memorandum” shall mean the offering memorandum of the Company, dated
January 3, 2008, related to the offering and sale of the Securities.
“Person” shall mean an individual, partnership (general or limited),
corporation, limited liability company, trust or unincorporated organization, or a
government or agency or political subdivision thereof.
“Prospectus” shall mean the prospectus included in a Shelf Registration
Statement, including any preliminary prospectus, and any such prospectus as amended or
supplemented by any prospectus supplement, including any such prospectus supplement with
respect to the terms of the offering of any portion of the Registrable Securities covered by
a Shelf Registration Statement, and by all other amendments and supplements to a prospectus,
including post-effective amendments, and in each case including all materials incorporated
by reference therein.
“Purchase Agreement” shall have the meaning set forth in the preamble.
“Questionnaire” shall have the meaning set forth in Section 2.1(d) herein.
“Registrable Securities” shall mean all or any of the Notes issued from time to
time under the Indenture in registered form and the shares of Common Stock issued or
issuable upon conversion of such Notes; provided, however, that any such Securities shall
cease to be Registrable Securities at the earlier of when (i) a Shelf Registration Statement
with respect to such Securities shall have been declared effective or otherwise become
effective under the 1933 Act and such Securities shall have been disposed of pursuant to
such Shelf Registration Statement, (ii) such Securities have been sold to the public
pursuant to Rule 144 under the 1933 Act or may be sold or transferred pursuant to Rule l44
(or any similar provision then in force, but not Rule 144A) by Holders who are not
“affiliates” of the Company and (iii) such Securities shall have ceased to be outstanding.
“Registration Default” shall have the meaning set forth in Section 2.4 herein.
“Registration Expenses” shall mean any and all expenses incident to performance
of or compliance by the Company with this Agreement, whether or not a Shelf Registration
Statement becomes effective, including without limitation: (i) all SEC, stock exchange or
FINRA registration and filing fees, (ii) all fees and expenses incurred by the Company in
connection with compliance with state securities or blue sky laws and compliance with the
rules of FINRA (including reasonable and documented fees and disbursements of one firm of
legal counsel for any Holders in connection with blue sky qualification of any of the
Registrable Securities and any filings with FINRA), (iii) all expenses of the Company in
preparing or assisting in preparing, word processing, printing and distributing any Shelf
Registration Statement, any Prospectus, any amendments or supplements thereto, and all other
documents relating to the performance of and compliance with this Agreement, (iv) all fees
and expenses incurred by the Company in connection with the listing, if any, of any of the
Registrable Securities on any securities exchange or exchanges, (v) the fees and
disbursements of counsel for the Company and of the independent public accountants of the
Company, (vi) the fees and
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expenses of the Trustee, and any escrow agent or custodian engaged in connection with
the performance of the Trustee’s duties or otherwise retained by the Company, (vii) the
reasonable and documented fees and expenses of the Holders’ Counsel in connection with the
activities described in Section 3(o) and Section 3(p) of this Agreement, and (viii) any fees
and expenses of any special experts retained by the Company in connection with any Shelf
Registration Statement, but excluding any underwriting discounts and commissions and
transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a
Holder and the fees and expenses of any counsel to such Holder, except as provided for in
clause (vii) above.
“Registration Statement Termination Date” shall have the meaning set forth in
Section 2.1(b) herein.
“SEC” shall mean the Securities and Exchange Commission or any successor agency
or government body performing the functions currently performed by the United States
Securities and Exchange Commission.
“Securities” shall have the meaning set forth in the preamble.
“Shelf Registration” shall mean a registration effected pursuant to Section 2.1
hereof.
“Shelf Registration Statement” shall mean a “shelf” registration statement of
the Company pursuant to the provisions of Section 2.1 of this Agreement which covers all of
the Registrable Securities on an appropriate form under Rule 415 under the 1933 Act, or any
similar rule that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and all materials incorporated by
reference therein.
“Suspension Period” shall have the meaning set forth in Section 2.5 herein.
“Trustee” shall mean the trustee with respect to the Securities under the
Indenture.
2. Registration Under the ▇▇▇▇ ▇▇▇.
2.1 Shelf Registration.
(a) The Company shall, at its cost, no later than 90 days after the Closing Date, file with
SEC, and thereafter shall use its reasonable best efforts to cause to become effective as promptly
as is practicable but in no event later than 180 days after the Closing Date, a Shelf Registration
Statement relating to the offer and sale of the Registrable Securities by the Holders that have
provided the information pursuant to Section 2.1(d).
(b) The Company shall, at its cost, use its reasonable best efforts, subject to Section 2.5,
to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus
forming part thereof to be usable by Holders for the period (the “Effectiveness Period”)
beginning upon the effective date of the Shelf Registration Statement
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until the earliest to occur of (1) the sale pursuant to the Shelf Registration Statement of
all of the Securities, (2) the date when the Holders, other than Holders that are “affiliates” (as
defined in Rule 144 under the ▇▇▇▇ ▇▇▇) of the Company, are able to sell all such Securities
immediately without restriction pursuant to the provisions of Rule 144 under the 1933 Act or any
successor Rule thereto and (3) the date that is one year from the Closing Date (the earliest such
occurrence the “Registration Statement Termination Date”).
(c) The Company shall use its reasonable efforts to provide that (i) any Shelf Registration
Statement and any amendment thereto and any Prospectus forming part thereof and any supplement
thereto complies in all material respects with the 1933 Act and the rules and regulations
thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not, when it
becomes effective, contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading and (iii)
any Prospectus forming part of any Shelf Registration Statement, and any supplement to such
Prospectus (as amended or supplemented from time to time), does not include an untrue statement of
a material fact or omit to state a material fact necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading.
(d) Notwithstanding any other provision hereof, no Holder of Registrable Securities may
include any of its Registrable Securities in the Shelf Registration Statement pursuant to this
Agreement unless the Holder furnishes to the Company a fully completed notice and questionnaire in
the form attached as Annex A to the Offering Memorandum (the “Questionnaire”) and such
other information in writing as the Company may reasonably request in writing for use in connection
with the Shelf Registration Statement or Prospectus included therein and in any application to be
filed with or under state securities laws. At least 30 days prior to the filing of the Shelf
Registration Statement, the Company will provide notice by press release to the Holders of its
intention to file the Shelf Registration Statement. In order to be named as a selling
securityholder in the Prospectus at the time of effectiveness of the Shelf Registration Statement,
each Holder must, before the filing of the Shelf Registration Statement and no later than on or
before the 20th day after the issuance by the Company of a press release indicating the Company’s
intention to file, furnish the completed Questionnaire and such other information that the Company
may reasonably request in writing, if any, to the Company in writing and the Company shall include
the information from the completed Questionnaire and such other information, if any, in the Shelf
Registration Statement and the Prospectus in a manner so that upon effectiveness of the Shelf
Registration Statement the Holder will be permitted to deliver the Prospectus to purchasers of the
Holder’s Registrable Securities. From and after the date that the Shelf Registration Statement is
first declared effective by the SEC or otherwise becomes effective, upon receipt of a completed
Questionnaire and such other information that the Company may reasonably request in writing, if
any, the Company will use its reasonable efforts to file within 20 business days any amendments or
supplements to the Shelf Registration Statement (or an additional Shelf Registration Statement, if
required by the SEC rules and regulations or pursuant to interpretations of the Staff of the SEC)
necessary for such Holder to be named as a selling securityholder in the Prospectus contained
therein to permit such Holder to deliver the Prospectus to purchasers of the Holder’s Securities
(subject to the Company’s right to suspend the Shelf Registration Statement as described in Section
2.5 below); provided, however, that the Company shall not be required to file more than one such
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amendment or supplement to the Shelf Registration Statement in any calendar quarter for all
such Holders. Holders that do not deliver a completed written Questionnaire and such other
information, as provided for in this Section 2.1(d), will not be named as selling securityholders
in the Prospectus. Each Holder named as a selling securityholder in the Prospectus agrees to
promptly furnish to the Company all information required to be disclosed in order to make
information previously furnished to the Company by or on behalf of the Holder not materially
misleading and any other information regarding such Holder and the distribution of such Holder’s
Registrable Securities as the Company may from time to time reasonably request in writing.
(e) During the Effectiveness Period, each Holder agrees not to sell any Registrable Securities
pursuant to the Shelf Registration Statement without delivering, or causing to be delivered, a
Prospectus to the purchaser thereof.
(f) The Company represents and agrees that, unless it obtains the prior consent of Holders of
a majority in principal amount of the Registrable Securities that are registered under the Shelf
Registration Statement at such time or the approval of Holders’ Counsel, and each Holder represents
and agrees that, unless it obtains the prior consent of the Company, it will not make any offer
relating to the Registrable Securities (which, for the avoidance of doubt, will not include any
shares of Common Stock which are not Registrable Securities within the meaning of this Agreement)
that would constitute an “issuer free writing prospectus,” as defined in Rule 433 under the 1933
Act (an “Issuer Free Writing Prospectus”), or that would otherwise constitute a “free
writing prospectus,” as defined in Rule 405 under the 1933 Act, required to be filed with the SEC.
The Company represents that any Issuer Free Writing Prospectus will not include any information
that conflicts with the information contained in the Shelf Registration Statement or Prospectus and
that any Issuer Free Writing Prospectus, when taken together with the information in the Shelf
Registration Statement and the Prospectus, will not include any untrue statement of a material fact
or omit to state any material fact necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading.
The Company agrees to supplement or amend the Shelf Registration Statement if required by the
rules, regulations or instructions applicable to the registration form used by the Company if
required by the 1933 Act, or to the extent the Company does not reasonably object, as reasonably
requested in writing by any Holder with respect to information relating to such Holder, and to
furnish to the Holders of Registrable Securities that are covered under such Shelf Registration
Statement copies of any such supplement or amendment promptly after its being used or filed with
the SEC in such amounts as they may reasonably request.
2.2 Expenses. The Company shall pay all Registration Expenses in connection with the
registration pursuant to Section 2.1. Each Holder shall pay all underwriting discounts and
commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Registrable Securities pursuant to the Shelf Registration Statement.
2.3 [Intentionally omitted.]
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2.4 Interest. In the event that (a) a Shelf Registration Statement is not filed with the
SEC on or before the 90th calendar day following the Closing Date, (b) a Shelf Registration
Statement does not become effective on or prior to the 180th calendar day following
the Closing Date, (c) after effectiveness, subject to Section 2.5, the Shelf Registration
Statement ceases to be effective or fails to be usable by the Holders whose Registrable
Securities are registered thereunder without being succeeded within seven business days by a
post-effective amendment or a report filed with the SEC pursuant to the 1934 Act that
immediately cures the failure to be effective or usable, or (d) the Prospectus is unusable by
the Holders whose Registrable Securities are registered thereunder for any reason, and the
Suspension Period (as defined in Section 2.5 hereof) exceeds the number of days set forth in
Section 2.5 (each such event being a “Registration Default”), additional interest
(“Additional Interest”) will accrue at a rate per annum of one-quarter of one percent
(0.25%) of the principal amount of the Notes for the first 90 day period from the day
following the Registration Default, and thereafter at a rate per annum of one-half of one
percent (0.50%) of the principal amount of the Notes; provided that in no event shall
Additional Interest accrue at a rate per annum exceeding one half of one percent (0.50%) of
the principal amount of the Notes; provided further that no Additional Interest shall accrue
after the Registration Statement Termination Date. Holders that do not deliver a completed
written Questionnaire will not be entitled to receive Additional Interest. Upon the cure of
all Registration Defaults then continuing, the accrual of Additional Interest will
automatically cease and the interest rate borne by the Notes will revert to the original
interest rate at such time. Additional Interest shall be computed based on the actual number
of days elapsed in each 90-day period in which a Registration Default exists. Holders who
have converted Notes into Common Stock will not be entitled to receive any Additional Interest
with respect to such Common Stock or the issue price of the Notes converted.
The Company shall notify the Trustee within five business days after each and every date on
which an event occurs in respect of which Additional Interest is required to be paid. Additional
Interest shall be paid by depositing with the Trustee, in trust, for the benefit of the Holders of
Registrable Securities entitled thereto, on or before the applicable semiannual interest payment
date, in immediately available funds in sums sufficient to pay the Additional Interest then due.
The Additional Interest due shall be payable in arrears on each regular interest payment date to
the record Holder of Registrable Securities entitled to receive the interest payment to be paid on
such date as set forth in the Indenture. Each obligation to pay Additional Interest shall be
deemed to accrue from and including the day following the Registration Default to but excluding the
day on which the Registration Default is cured.
A Registration Default under clause (a) above shall be deemed cured on the date that the Shelf
Registration Statement is filed with the SEC. A Registration Default under clause (b) above shall
be cured on the date that the Shelf Registration Statement is declared effective by the SEC or
deemed to become automatically effective under the 1933 Act. A Registration Default under clauses
(c) or (d) above shall be deemed cured on the date an amended Shelf Registration Statement is
declared effective by the SEC or deemed to become automatically effective under the 1933 Act, or
the Company otherwise declares the Shelf Registration Statement and the Prospectus useable, as
applicable. The Company will have no liabilities for monetary damages other than the Additional
Interest with respect to any Registration Default.
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2.5 Suspension. Notwithstanding any other provision hereof, the Company may suspend the
use of any Shelf Registration Statement or any Prospectus, without incurring or accruing any
obligation to pay Additional Interest pursuant to Section 2.4 hereof or being deemed in
violation of any other provision hereof, for a period or periods (each, a “Suspension
Period”) not to exceed an aggregate 45 calendar days in any three-month period, or an
aggregate of 90 calendar days in any twelve-month period, if management of the Company shall
have determined in good faith that because of valid business reasons (not including avoidance
of the Company’s obligations hereunder), including without limitation proposed or pending
corporate developments and similar events or because of filings with the SEC, or as a result
of the issuance by the SEC 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 1933 Act, it is in the best interests of the
Company to suspend such use, and prior to suspending such use the Company provides the Holders
with written notice of such suspension, which notice need not specify the nature of the event
giving rise to such suspension. Each Holder shall keep confidential any communications
received by it from the Company regarding the suspension of the use of the Shelf Registration
Statement or the Prospectus, except as required by applicable law.
3. Registration Procedures.
In connection with the obligations of the Company with respect to the Shelf Registration, the
Company shall, subject to the rights of the Company to invoke and maintain a Suspension Period in
accordance with Section 2.5 without being in violation of any of the provisions hereunder:
(a) prepare and file with the SEC a Shelf Registration Statement, within the relevant time
period specified in Section 2, on the appropriate form under the 1933 Act, which form (i) shall be
selected by the Company, (ii) shall be available for the sale of the Registrable Securities by the
selling Holders thereof, (iii) shall comply as to form in all material respects with the
requirements of the applicable form and include or incorporate by reference all financial
statements required by the SEC to be filed therewith or incorporated by reference therein, and (iv)
shall comply in all respects with the applicable requirements of Regulation S-T under the 1933 Act,
if any;
(b) prepare and file with the SEC such amendments and post-effective amendments to the Shelf
Registration Statement as may be necessary under applicable law to keep the Shelf Registration
Statement effective for the Effectiveness Period, subject to Section 2.5; and cause each Prospectus
to be supplemented by any required prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 (or any similar provision then in force) under the 1933 Act and comply during
the Effectiveness Period with the provisions of the 1933 Act, the 1934 Act and the rules and
regulations thereunder required to enable the disposition of all Registrable Securities covered by
the Shelf Registration Statement in accordance with the intended method or methods of distribution
by the selling Holders thereof;
(c) (i) notify each Holder of Registrable Securities of the filing of a Shelf Registration
Statement with respect to the Registrable Securities; (ii) furnish to each Holder of Registrable
Securities that has provided the information required by Section 2.1(d)
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without charge, electronic copies of each Prospectus, including each preliminary Prospectus,
and any amendment or supplement thereto and such other documents as such Holder may reasonably
request, including financial statements and schedules and, if the Holder so requests, all exhibits
in order to facilitate the unrestricted sale or other disposition of the Registrable Securities;
and (iii) subject to Section 2.5 hereof and to any notice by the Company in accordance with Section
3(e) hereof of the existence of any fact of the kind described in Sections 3(e)(ii), (iii), (iv),
(v) and (vi) hereof, hereby consent to the use of the Prospectus or any amendment or supplement
thereto by each of the selling Holders of Registrable Securities that has provided the information
required by Section 2.1(d) in connection with the offering and sale of the Registrable Securities;
(d) use reasonable efforts to register or qualify the Registrable Securities for exemptions
under all applicable state securities or “blue sky” laws of such jurisdictions in the United States
as any Holder of Registrable Securities covered by a Shelf Registration Statement shall reasonably
request, and do any and all other acts and things which may be reasonably necessary or advisable to
enable each such Holder to consummate the disposition in each such jurisdiction of such Registrable
Securities owned by such Holder; provided, however, that the Company shall not be required to (i)
qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would
not otherwise be required to qualify but for this Section 3(d), or (ii) take any action which would
subject it to general service of process or taxation in any such jurisdiction where it is not then
so subject;
(e) notify promptly each Holder of Registrable Securities under a Shelf Registration Statement
that has provided the information required by Section 2.1(d) and, if requested by such Holder,
confirm such advice in writing promptly (i) when a Shelf Registration Statement has become
effective and when any post-effective amendments thereto have become effective, (ii) of any request
by the SEC or any state securities authority for post-effective amendments and supplements to a
Shelf Registration Statement and Prospectus or for additional information relating thereto after
the Shelf Registration Statement has become effective, (iii) of the issuance by the SEC or any
state securities authority of any stop order suspending the effectiveness of a Shelf Registration
Statement or the initiation of any proceedings for that purpose, (iv) of the happening of any event
or the discovery of any facts during the period a Shelf Registration Statement is effective which
makes any statement made in such Shelf Registration Statement or the related Prospectus untrue in
any material respect or which requires the making of any changes in such Shelf Registration
Statement or Prospectus in order to make the statements therein (in the case of the Prospectus in
light of the circumstances under which they were made) not misleading (provided, however, that no
notice by the Company shall be required pursuant to this clause (iv) if the Company promptly files
an amendment or a supplement to such Shelf Registration Statement or Prospectus to make the
statements therein no longer misleading) (v) 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 threatening of any proceeding for such purpose and (vi) of any
determination by the Company that a post-effective amendment to such Shelf Registration Statement
would be appropriate, other than a post-effective amendment solely to add selling Holders;
(f) furnish to Holders’ Counsel on behalf of the Holders of Registrable Securities (i) copies
of any comment letters received from the SEC with respect to a Shelf Registration Statement, and,
if requested, with respect to any documents incorporated therein by
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reference and (ii) any other request by the SEC or any state securities authority for
amendments or supplements to a Shelf Registration Statement and Prospectus or for additional
information with respect to the Shelf Registration Statement and Prospectus;
(g) use reasonable efforts to obtain the withdrawal of any order suspending the effectiveness
of a Shelf Registration Statement at the earliest possible moment and provide prompt notice to each
Holder of the withdrawal of such order;
(h) furnish, upon request, to each Holder of Registrable Securities that has provided the
information required by Section 2.1(d), without charge, an electronic copy of at least one
conformed copy of each Shelf Registration Statement and any post-effective amendment thereto,
including financial statements and schedules (without documents incorporated therein by reference
and all exhibits thereto, unless requested);
(i) if electronic global certificates for the Registrable Securities are not then available,
cooperate with the selling Holders of Registrable Securities to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold and not bearing any
restrictive legends (other than as required by applicable law); and enable such Registrable
Securities to be in such denominations (consistent with the provisions of the Indenture) and
registered in such names as the selling Holders may reasonably request at least three business days
prior to the closing of any sale of Registrable Securities;
(j) upon the occurrence of any event or the discovery of any facts, each as contemplated by
Sections 3(e)(ii), (iii), (iv), (v) and (vi) hereof, as promptly as practicable after the
occurrence of such an event, use reasonable efforts to prepare a post-effective amendment to the
Shelf Registration Statement or amendment or supplement to the related Prospectus or any document
incorporated therein by reference or file any other required document so that, as thereafter
delivered to the purchasers of the Registrable Securities, such Prospectus will not contain at the
time of such delivery any untrue statement of a material fact or omit to state a material fact
necessary to make the statements therein, in light of the circumstances under which they were made,
not misleading or will remain so qualified. At such time as such public disclosure is otherwise
made or the Company determines that such disclosure is not necessary, in each case to correct any
misstatement of a material fact or to include any omitted material fact, the Company agrees
promptly to notify each Holder of Registrable Securities covered by such Shelf Registration
Statement of such determination and to furnish each Holder such number of copies of the Prospectus
as amended or supplemented, as such Holder may reasonably request;
(k) as soon as practicable after the filing of any Shelf Registration Statement, any
Prospectus, any amendment to a Shelf Registration Statement or amendment or supplement to a
Prospectus (other than amendments and supplements that do nothing more than name Holders and
provide information with respect thereto), provide electronic copies of such document to the
Trustee on behalf of such Holders, and make representatives of the Company, as shall be reasonably
requested by the Holders’ Counsel, available for discussion of such document;
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(l) obtain CUSIP numbers for all Registrable Securities not later than the effective date of
the Shelf Registration Statement and provide the Trustee with printed certificates for the
Registrable Securities in a form eligible for deposit with the Depositary;
(m) (i) cause the Indenture to be qualified under the 1939 Act in connection with the
registration of the Registrable Securities, (ii) cooperate with the Trustee and the Holders to
effect such changes to the Indenture as may be required for the Indenture to be so qualified in
accordance with the terms of the 1939 Act, and (iii) execute, and use reasonable efforts to cause
the Trustee to execute, all documents as may be required to effect such changes, and all other
forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in
a timely manner;
(n) enter into such customary agreements and take all other customary and appropriate actions,
if any, as the Majority Holders shall reasonably request in writing in order to expedite or
facilitate the disposition of such Registrable Securities:
(o) if reasonably requested in connection with a disposition of Registrable Securities, make
available for inspection during business hours by representatives of the Holders of the Registrable
Securities, and any counsel or accountant retained by such Holders, all appropriate financial and
other records, pertinent corporate documents and properties of the Company reasonably requested in
writing by any such persons, and cause the respective officers, directors, employees, and any other
agents of the Company to supply all information reasonably requested by any such representative,
counsel or accountant in connection with a Shelf Registration Statement, and make such
representatives of the Company available for discussion of such documents as shall be reasonably
requested by the Initial Purchasers, in each case as is customary for “due diligence”
investigations; provided that, to the extent the Company, in its reasonable discretion, agrees to
disclose material non-public information, such persons shall first agree in writing with the
Company that any such non-public information shall be kept confidential by such persons and shall
be used solely for the purposes of exercising rights under this Agreement and such person shall not
engage in trading any securities of the Company until such material non-public information becomes
properly publicly available, unless (i) disclosure of such information is required by court or
administrative order or is necessary to respond to inquiries of regulatory authorities, (ii)
disclosure of such information is required by law (including any disclosure requirements pursuant
to federal securities laws in connection with the filing of any Shelf Registration Statement or the
use of any Prospectus referred to in this Agreement upon a customary opinion of counsel for such
persons delivered and reasonably satisfactory to the Company), (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, (iv) such information becomes available to any such person from a source other
than the Company and such source is not bound by a confidentiality agreement, or (v) such
non-public information ceases to be material; provided further, that, the foregoing inspection and
information gathering shall, to the greatest extent possible, be coordinated on behalf of all the
Holders and the other parties entitled thereto by Holders’ Counsel;
(p) if requested in writing by any selling Holder of Registrable Securities that has provided
the information required by Section 2.1(d), a reasonable time prior to filing the Shelf
Registration Statement, any Prospectus forming a part thereof, any amendment to
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the Shelf Registration Statement or amendment or supplement to such Prospectus (other than
amendments and supplements that do nothing more than name Holders and provide information with
respect thereto), (i) provide copies of such document to the Holders of Registrable Securities that
have provided the information required by Section 2.1(d), to Holders’ Counsel, (ii) make such
changes in any such document prior to the filing thereof as Holders’ Counsel reasonably agrees
should be included therein and provides to the Company in writing for inclusion therein within
three business days of delivery of such copies, (iii) if requested by any selling Holder of
Registrable Securities that has provided the information required by Section 2.1(d), not file any
such document in a form (A) to which the Majority Holders or Holders’ Counsel shall not have
previously been advised and furnished a copy of or (B) to which the Majority Holders or Holders’
Counsel shall reasonably object within three business days of delivery of such copies, and (iv)
make the representatives of the Company available for discussion of such document as shall be
reasonably requested in writing by the Holders of Registrable Securities or Holders’ Counsel;
provided, however, that the foregoing discussion shall be coordinated on behalf of the parties
entitled thereto by the Holders’ Counsel;
(q) if requested by any selling Holder, incorporate in the Shelf Registration Statement or
Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as
such selling Holder may reasonable request in writing to have included therein with respect to the
name or names of such selling Holder, the number of shares of Common Stock or principal amount of
Notes owned by such Holder, the plan of distribution of the Registrable Securities (as required by
Item 508 of Regulation S-K), the principal amount of Notes or number of shares of Common Stock
being sold, the purchase price being paid therefor, and any other terms of the offering of the
Registrable Securities to be sold in such offering;
(r) use reasonable efforts to cause all Registrable Securities to be listed on any securities
exchange or inter-dealer quotation system on which similar debt or equity securities issued by the
Company are then listed if requested by the Majority Holders; and
(s) otherwise comply with all applicable rules and regulations of the SEC and make generally
available to its security holders, as soon as reasonably practicable, an earnings statement
covering at least 12 months which shall satisfy the provisions of Section 11(a) of the 1933 Act and
Rule 158 thereunder.
Without limiting the provisions of Section 2.1(d), the Company may (as a condition to such
Holder’s participation in the Shelf Registration) require each Holder of Registrable Securities to
furnish to the Company such information regarding the Holder and the proposed distribution by such
Holder of such Registrable Securities as the Company may from time to time reasonably request in
writing.
Each Holder agrees that, upon receipt of any notice from the Company of the happening of any
event or the discovery of any facts, each of the kind described in Section 3(e)(ii), (iii), (iv),
(v) or (vi) hereof, such Holder will forthwith discontinue disposition of Registrable Securities
pursuant to the Prospectus included in the Shelf Registration Statement until such Holder’s receipt
of the copies of the supplemented or amended Prospectus contemplated by Section 3(j) hereof or
written notice from the Company that the Shelf
12
Registration Statement is again effective and no amendment or supplement is needed, and, if so
directed by the Company, such Holder will deliver to the Company (at its expense) all copies in
such Holder’s possession, other than permanent file copies then in such Holder’s possession, of the
Prospectus covering such Registrable Securities current at the time of receipt of such notice.
4. Indemnification; Contribution.
(a) The Company agrees to indemnify and hold harmless each Initial Purchaser, each Holder and
each Person, if any, who controls any such Holder within the meaning of Section 15 of the 1933 Act
or Section 20 of the 1934 Act as follows:
(i) against any and all loss, liability, claim, damage and expense whatsoever, as
incurred, arising out of any untrue statement or alleged untrue statement of a material fact
contained in any Shelf Registration Statement (or any amendment or supplement thereto)
pursuant to which Registrable Securities were registered under the 1933 Act, including all
documents incorporated therein by reference, or the omission or alleged omission therefrom
of a material fact required to be stated therein or necessary to make the statements therein
not misleading, or arising out of any untrue statement or alleged untrue statement of a
material fact contained in any Prospectus (or any amendment or supplement thereto) or any
Issuer Free Writing Prospectus (or any amendment or supplement thereto) or the omission or
alleged omission therefrom of a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading;
(ii) against any and all loss, liability, claim, damage and expense whatsoever, as
incurred, to the extent of the aggregate amount paid in settlement of any litigation, or any
investigation or proceeding by any governmental agency or body, commenced or threatened, or
of any claim whatsoever based upon any such untrue statement or omission, or any such
alleged untrue statement or omission; provided that (subject to Section 4(d) below) any such
settlement is effected with the written consent of the Company; and
(iii) against any and all expense whatsoever, as incurred (including the reasonable and
documented fees and disbursements of counsel chosen by any indemnified party), reasonably
incurred and documented in investigating, preparing or defending against any litigation, or
any investigation or proceeding by any governmental agency or body, commenced or threatened,
or any claim whatsoever based upon any such untrue statement or omission, or any such
alleged untrue statement or omission, to the extent that any such expense is not paid under
subparagraph (i) or (ii) above;
provided, however, that this indemnity agreement shall not apply to any loss, liability, claim,
damage or expense to the extent arising out of any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with written information furnished to
the Company by or on behalf of any Initial Purchaser, any Holder expressly for use in a Shelf
Registration Statement (or any amendment thereto), any Prospectus (or any amendment or supplement
thereto) or any Issuer Free Writing Prospectus (or any amendment or
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supplement thereto) or the gross negligence, willful misconduct or bad faith of any such party
seeking indemnification.
(b) Each Holder, severally, but not jointly, agrees to indemnify and hold harmless the
Company, each Initial Purchaser and the other selling Holders, and each of their respective
directors and officers, and each Person, if any, who controls the Company, each Initial Purchaser
or any other selling Holder within the meaning of Section 15 of the 1933 Act or Section 20 of the
1934 Act, against any and all loss, liability, claim, damage and expense described in the indemnity
contained in Section 4(a) hereof, as incurred and documented, but only with respect to untrue
statements or omissions, or alleged untrue statements or omissions, made in the Shelf Registration
Statement (or any amendment thereto) or any Prospectus included therein (or any amendment or
supplement thereto) or any Issuer Free Writing Prospectus (or any amendment or supplement thereto)
in reliance upon and in conformity with written information with respect to such Holder furnished
to the Company by or on behalf of such Holder expressly for use in the Shelf Registration Statement
(or any amendment thereto) or such Prospectus (or any amendment or supplement thereto) or any
Issuer Free Writing Prospectus (or any amendment or supplement thereto); provided, however, that no
such Holder shall be liable for any claims under this Section 4(b) in excess of the amount of net
proceeds received by such Holder from the sale of Registrable Securities pursuant to such Shelf
Registration Statement.
(c) Each indemnified party shall give notice as promptly as reasonably practicable to each
indemnifying party of any action or proceeding commenced against it in respect of which indemnity
may be sought hereunder, but failure to so notify an indemnifying party shall not relieve such
indemnifying party from any liability hereunder to the extent it is not materially prejudiced as a
result thereof and in any event shall not relieve it from any liability which it may have otherwise
than on account of this indemnity agreement. In case any such action, claim, suit, investigation
or proceeding shall be brought against any indemnified party and it shall notify the Company of the
commencement thereof, the Company shall be entitled to participate therein and to assume the
defense thereof; provided, however, that in the event that any such action, claim, suit,
investigation or proceeding includes both an indemnified party and the Company, and such
indemnified party reasonably concludes 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 Company, or if
the Company fails to assume the defense of the action, claim, suit, investigation or proceeding in
either case in a timely manner, then such indemnified party may employ separate counsel to
represent or defend it in any such action, claim, suit, investigation or proceeding and the Company
will pay the reasonable fees and disbursements of such counsel; provided, further, that the Company
will not be required to pay the fees and disbursements of more than one counsel for all indemnified
parties (and one separate local counsel). In any action, claim, suit, investigation or proceeding
the defense of which the Company assumes, the indemnified party will have the right to participate
in such litigation and to retain its own counsel at such indemnified party’s own expense. No
indemnifying party shall (i) without the prior written consent of the indemnified parties (which
consent shall not be unreasonably withheld), settle or compromise or consent to the entry of any
judgment with respect to any litigation, or any investigation or proceeding by any governmental
agency or body, commenced or threatened, or any claim whatsoever in respect of which
indemnification or contribution could be sought under this Section 4 (whether or not the
indemnified parties are actual or potential parties thereto), unless such settlement, compromise or
consent (A) includes an unconditional release of
14
each indemnified party from all liability arising out of such litigation, investigation,
proceeding or claim and (B) does not include a statement as to or an admission of fault,
culpability or a failure to act by or on behalf of any indemnified party or (ii) be liable for any
settlement of any such action effected without its prior written consent (which consent shall not
be unreasonably withheld).
(d) Notwithstanding clause (ii) of Section 4(c), if at any time an indemnified party shall
have requested an indemnifying party to reimburse the indemnified party for fees and expenses of
counsel, such indemnifying party agrees that it shall be liable for any settlement of the nature
contemplated by Section 4(a)(ii) effected without its written consent if (i) such settlement is
entered into more than 45 days after receipt by such indemnifying party of the aforesaid request,
(ii) such indemnifying party shall have received notice of the terms of such settlement at least 30
days prior to such settlement being entered into and (iii) such indemnifying party shall not have
reimbursed such indemnified party in accordance with such request prior to the date of such
settlement.
(e) If the indemnification provided for in this Section 4 is for any reason unavailable to or
insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims,
damages or expenses referred to therein, then each indemnifying party shall contribute to the
aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such
indemnified party, as incurred, in such proportion as is appropriate to reflect the relative fault
of the Company on the one hand and the Holders and the Initial Purchasers on the other hand in
connection with the statements or omissions which resulted in such losses, liabilities, claims,
damages or expenses, as well as any other relevant equitable considerations.
The relative fault of the Company on the one hand and the Holders and Initial Purchasers on
the other hand shall be determined by reference to, among other things, whether any such untrue or
alleged untrue statement of a material fact or omission or alleged omission to state a material
fact relates to information supplied by the Company, or by the Holders and the Initial Purchasers,
and the parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.
The Company, the Holders and the Initial Purchasers agree that it would not be just and
equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or by
any other method of allocation which does not take account of the equitable considerations referred
to above in this Section 4. The aggregate amount of losses, liabilities, claims, damages and
expenses incurred and documented by an indemnified party and referred to above in this Section 4
shall be deemed to include any legal or other expenses reasonably incurred by such indemnified
party in investigating, preparing or defending against any litigation, or any investigation or
proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever
based upon any such untrue or alleged untrue statement or omission or alleged omission.
Notwithstanding the provisions of this Section 4, no Initial Purchaser shall be required to
contribute any amount in excess of the discount or commission payable to such Initial Purchaser
with respect to securities underwritten by it and distributed to the public.
15
No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
▇▇▇▇ ▇▇▇) shall be entitled to contribution from any Person who was not guilty of such fraudulent
misrepresentation.
For purposes of this Section 4, each Person, if any, who controls an Initial Purchaser or
Holder within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act shall have
the same rights to contribution as such Initial Purchaser or Holder and each director of the
Company, and each Person, if any, who controls the Company within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act shall have the same rights to contribution as the Company.
The obligations of the Company, the Initial Purchasers and the Holders pursuant to this Section 4
shall be in addition to any liability that such party may otherwise have. The Initial Purchasers’
respective obligations to contribute pursuant to this Section 4 are several in proportion to the
principal amount of Notes set forth opposite their respective names in Schedule A of the Purchase
Agreement and not joint.
5. Miscellaneous.
5.1 Rule 144 and Rule 144A. During the Effectiveness Period, for so long as the Company
is subject to the reporting requirements of Section 13 or 15(d) of the 1934 Act, the Company
covenants that it will file the reports required to be filed by it under Section 13 or 15(d)
of the 1934 Act and the rules and regulations adopted by the SEC thereunder. If during the
Effectiveness Period the Company ceases to be so required to file such reports, the Company
covenants that it will upon the request of any Holder of Registrable Securities (a) make
publicly available such information as is necessary to permit sales pursuant to Rule 144 under
the 1933 Act, (b) deliver such information to a prospective purchaser as is necessary to
permit sales pursuant to Rule 144A under the 1933 Act and it will take such further action as
any Holder of Registrable Securities may reasonably request for such purpose, and (c) take
such further action that is reasonable in the circumstances, in each case, to the extent
required from time to time to enable such Holder to sell its Registrable Securities without
registration under the 1933 Act within the limitation of the exemptions provided by (i) Rule
144 under the 1933 Act, as such rule may be amended from time to time, (ii) Rule 144A under
the 1933 Act, as such rule may be amended from time to time, or (iii) any similar rules or
regulations hereafter adopted by the SEC. During the Effectiveness Period, upon the request
of any Holder of Registrable Securities, the Company will deliver to such Holder a written
statement as to whether it has complied with such requirements.
5.2 No Inconsistent Agreements. The Company has not entered into and the Company shall
not, after the date of this Agreement, enter into any agreement which conflicts with the
rights granted to the Holders of Registrable Securities in this Agreement. The rights granted
to the Holders hereunder do not and will not for the term of this Agreement in any way
conflict with the rights granted to the holders of any of the Company’s other issued and
outstanding securities under any such agreements.
5.3 [Intentially Omitted].
5.4 Amendments and Waivers. The provisions of this Agreement, including the provisions
of this sentence, may not be amended, modified or supplemented, and waivers or
16
consents to departures from the provisions hereof may not be given unless the Company has obtained
the written consent of the Majority Holders. Notwithstanding the foregoing, this Agreement may be
amended by a written agreement among the Company and the Initial Purchasers, without the consent of
the Holders of the Registrable Securities, in order to cure any ambiguity or to correct or
supplement any provision contained herein, provided that no such amendment shall adversely affect
the interest of the Holders of Registrable Securities. Each Holder of Registrable Securities
outstanding at the time of any amendment, modification, waiver or consent pursuant to this Section
5.4, shall be bound by such amendment, modification, waiver or consent, whether or not any notice
or writing indicating such amendment, modification, waiver or consent is delivered to such Holder.
5.5 Notices. All notices (other than notices specified herein to be given by the Company
by press release) and other communications provided for or permitted hereunder shall be made
in writing by hand delivery, registered first-class mail, facsimile, electronic mail or any
courier guaranteeing overnight delivery (a) if to a Holder, at the most current address given
by such Holder to the Company in a Questionnaire or by means of a notice given in accordance
with the provisions of this Section 5.5, which address initially is the address set forth in
the Purchase Agreement with respect to the Initial Purchasers; and (b) if to the Company,
initially at the Company’s address set forth in the Purchase Agreement, and thereafter at such
other address of which notice is given in accordance with the provisions of this Section 5.5.
All such notices and communications shall be deemed to have been duly given: on the date of
any notice by press release; at the time delivered by hand, if personally delivered; two business
days after being deposited in the mail, postage prepaid, if mailed; on the date of such
transmission with confirmation receipt, if sent by facsimile or electronic mail; and on the next
business day if timely delivered to an overnight courier.
Copies of all such notices, demands, or other communications shall be concurrently delivered
by the person giving the same to the Trustee under the Indenture, at the address specified in the
Indenture.
5.6 Successors and Assigns. This Agreement shall inure to the benefit of and be binding
upon the successors, assigns and transferees of each of the parties, including, without
limitation and without the need for an express assignment, subsequent Holders; 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 Purchase Agreement or 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, including the restrictions on resale set forth in this Agreement
and, if applicable, the Purchase Agreement, and such person shall be entitled to receive the
benefits hereof.
5.7 Third Party Beneficiaries. The Initial Purchasers (even if the Initial Purchasers
are not Holders of Registrable Securities) shall be third party beneficiaries to the
agreements made hereunder between the Company, on the one hand, and the Holders, on the
17
other hand, and shall have the right to enforce such agreements directly to the extent they deem
such enforcement necessary or advisable to protect their rights or the rights of Holders hereunder.
Each Holder of Registrable Securities shall be a third party beneficiary to the agreements made
hereunder between the Company, on the one hand, and the Initial Purchasers, on the other hand, and
shall have the right to enforce such agreements directly to the extent it deems such enforcement
necessary or advisable to protect its rights hereunder.
5.8 Specific Enforcement. Without limiting the remedies available to Initial Purchasers
and the Holders, the Company acknowledges that any failure by the Company to comply with its
obligations under Section 2.1 hereof may result in material irreparable injury to the Initial
Purchasers or the Holders for which there is no adequate remedy at law, that it may not be
possible to measure damages for such injuries precisely and that, in the event of any such
failure, any Initial Purchaser or any Holder may seek such relief as may be required to
specifically enforce the Company’s obligations under Section 2.1 hereof.
5.9 Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to
be an original and all of which taken together shall constitute one and the same agreement.
5.10 Headings. The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
5.11 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS
THEREOF.
5.12 Severability. In the event that any one or more of the provisions contained herein,
or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the
validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.
5.13 Entire Agreement. This Agreement is intended by the parties as a final expression of
their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There
are no restrictions, promises, warranties or undertakings, other than those set forth or
referred to herein with respect to the registration rights granted by the Company with respect
to the Registrable Securities. This Agreement supersedes all prior agreements and
understandings between the parties with respect to such subject matter.
18
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above.
| OSI PHARMACEUTICALS, INC. | ||||||
| By | /s/ | |||||
| Name: | ||||||
| Title: | ||||||
| Confirmed and accepted as of the date first above written: | ||||
| ▇▇▇▇▇▇▇ LYNCH, PIERCE, ▇▇▇▇▇▇ & ▇▇▇▇▇ | ||||
| INCORPORATED | ||||
By: |
/s/ | |||
| Name: | ||||
| Title: | ||||
| ▇.▇. ▇▇▇▇▇▇ SECURITIES INC. | ||||
By: |
/s/ | |||
| Name: | ||||
| Title: | ||||
Registration Rights Agreement
Signature Page
Signature Page