Attached files

file filename
EX-3.4 - EX-3.4 - Spectrum Brands Holdings, Inc.y92285exv3w4.htm
EX-3.5 - EX-3.5 - Spectrum Brands Holdings, Inc.y92285exv3w5.htm
EX-31.2 - EX-31.2 - Spectrum Brands Holdings, Inc.y92285exv31w2.htm
EX-31.1 - EX-31.1 - Spectrum Brands Holdings, Inc.y92285exv31w1.htm
EX-32.1 - EX-32.1 - Spectrum Brands Holdings, Inc.y92285exv32w1.htm
EX-10.3 - EX-10.3 - Spectrum Brands Holdings, Inc.y92285exv10w3.htm
EX-32.2 - EX-32.2 - Spectrum Brands Holdings, Inc.y92285exv32w2.htm
EX-10.2 - EX-10.2 - Spectrum Brands Holdings, Inc.y92285exv10w2.htm
10-Q - FORM 10-Q - Spectrum Brands Holdings, Inc.y92285e10vq.htm
Exhibit 10.5
Execution Version
REGISTRATION RIGHTS AMENDMENT AND JOINDER
by and among
HARBINGER GROUP INC.
and the HOLDERS party hereto
 
Dated: August 5, 2011
 

 


 

REGISTRATION RIGHTS AMENDMENT AND JOINDER
     WHEREAS, CF Turul LLC, a Delaware limited liability company, PECM Strategic Funding L.P., a Cayman Islands limited partnership, Providence TMT Debt Opportunity Fund II, L.P., a Cayman Islands limited partnership, and Wilton Re Holdings Limited, a Bermuda limited company (together, the “Current Parties”), entered into the Registration Rights Agreement, dated as of May 12, 2011 (the “Registration Rights Agreement”), in connection with the purchase by the Current Parties of Series A Participating Convertible Preferred Stock of the Company (the “Series A Shares”).
     WHEREAS, Quantum Partners LP, a Cayman Islands exempted limited partnership, DDJ High Yield Fund, an entity organized under the laws of the Province of Ontario, Canada, General Motors Hourly-Rate Employes Pension Trust — 7N1H, a trust maintained by General Motors Corporation, a Delaware corporation, General Motors Salaried Employes Pension Trust — 7N1I, a trust maintained by General Motors Corporation, Stichting Pensioenfonds Hoogovens, a Dutch pension plan regulated by the Dutch Central Bank, Caterpillar Inc. Master Retirement Trust, a trust maintained by Caterpillar, Inc., a Delaware corporation, J.C. Penney Corporation, Inc. Pension Plan Trust, a trust maintained by J.C. Penney Corporation, Inc., a Delaware corporation, Stichting Bewaarder Interpolis Pensioenen Global High Yield Pool, a Dutch tax transparent pool of assets, Stichting Pensioenfonds voor Fysiotherapeuten, a Dutch pension plan regulated by the Dutch Central Bank, Houston Municipal Employees Pension System, a pension plan organized pursuant to Texas government code, UAW Retiree Medical Benefits Trust, a trust consisting of three separate employees’ beneficiary associations, DDJ Distressed and Special Situations Fund, L.P., a Delaware limited partnership, Russell Investment Company — Russell Global Opportunistic Credit Fund, a Massachusetts business trust, DDJ Capital Management Group Trust — High Yield Investment Fund, a trust maintained by The Bank of New York Mellon, a New York State chartered bank, as trustee, JHL Capital Group Master Fund L.P., a Cayman Islands exempted limited partnership, Luxor Capital Partners, LP, a Delaware limited partnership, Luxor Wavefront, LP, a Delaware limited partnership, Luxor Capital Partners Offshore Fund, LP, a Cayman Islands limited partnership, OC 19 Master Fund, L.P. — LCG , a Cayman Islands limited partnership and GAM Equity Six Inc., a British Virgin Islands company (collectively, the “New Parties”) desire to purchase Series A-2 Participating Convertible Preferred Stock of the Company (the “Series A-2 Shares”) pursuant to a Securities Purchase Agreement, dated as of August 1, 2011 (the “Additional Purchase Agreement”).
     WHEREAS, the Current Parties desire to treat the New Parties as Additional Purchasers under the Registration Rights Agreement and the New Parties desire to become Additional Purchasers and Holders, as such terms are used in the Registration Rights Agreement.

 


 

          NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
          1. The Current Parties, the New Parties and Harbinger Group Inc., a Delaware corporation (the “Company”), hereby agree that the definitions of the following terms in the Registration Rights Agreement are hereby amended and restated in their entirety as follows:
          “Additional Purchasers” means, collectively, the New Parties.
          “Certificate of Designation” means the Certificate of Designation of Series A Participating Convertible Preferred Stock, dated as of May 12, 2011, the Certificate of Designation of Series A-2 Participating Convertible Preferred Stock, dated as of August 5, 2011.
          “Holder” (collectively, the “Holders”) means each Person who is a purchaser of Series A Shares pursuant to the Purchase Agreement or the Additional Purchase Agreement for so long as it holds any Registrable Securities and each of its successors and assigns and direct and indirect transferees who Beneficially Own Registrable Securities.
          “Series A Shares” means the Company’s Series A Participating Convertible Preferred Stock and the Company’s Series A-2 Participating Convertible Preferred Stock.
          2. Each New Party hereby accedes to and ratifies the Registration Rights Agreement and covenants and agrees with the Current Parties and the Company to be bound by the terms of the Registration Rights Agreement as a “Holder” and to duly and punctually perform and discharge all liabilities and obligations whatsoever from time to time to be performed or discharged by it under or by virtue of the Registration Rights Agreement in all respects as if named as a party therein.
          3. The Company and each Existing Party covenants and agrees that each New Party shall be entitled to all the benefits of the terms and conditions of the Registration Rights Agreement to the intent and effect that the New Party shall be deemed, with effect from the date on which the New Party executes this instrument, to be a party to the Registration Rights Agreement as a “Holder.”
[Remainder of Page Intentionally Left Blank]

2


 

          IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this Registration Rights Amendment and Joinder on the date first written above.
                 
    COMPANY:    
 
               
    HARBINGER GROUP INC.    
 
               
    By:   /s/ Francis T. McCarron    
             
 
      Name:   Francis T. McCarron    
 
      Title:   Executive Vice President & Chief    
 
          Financial Officer    
[Signature Page to Registration Rights Amendment and Joinder]

 


 

                 
    CF TURUL LLC    
 
               
    By:   /s/ Glenn P. Cummins    
             
 
      Name:   Glenn P. Cummins    
 
      Title:   Authorized Signatory    
 
               
    PROVIDENCE TMT DEBT OPPORTUNITY FUND II, L.P.    
 
               
    By:   /s/ John Wells    
             
 
      Name:   John Wells    
 
      Title:   Authorized Signatory    
 
               
    PECM STRATEGIC FUNDING L.P.    
 
               
    By:   /s/ John Wells    
             
 
      Name:   John Wells    
 
      Title:   Authorized Signatory    
 
               
    WILTON RE HOLDINGS LIMITED    
 
               
    By:   /s/ Perry H. Braun    
             
 
      Name:   Perry H. Braun    
 
      Title:   Senior Vice President    
[Signature Page to Registration Rights Amendment and Joinder]

 


 

                 
    QUANTUM PARTNERS LP
By: QP GP LLC, its General Partner
   
 
               
    By:   /s/ Jay A. Schoenfarber    
             
 
      Name:   Jay A. Schoenfarber    
 
      Title:   Attorney-in-Fact    
 
               
    JHL CAPITAL GROUP MASTER FUND L.P.    
 
               
    By:   /s/ James H. Litinsky    
             
 
      Name:   James H. Litinsky    
 
      Title:   Managing Member    
 
          JHL Capital Group LLC    
[Signature Page to Registration Rights Amendment and Joinder]

 


 

         
  Caterpillar Inc. Master Retirement Trust
By: DDJ Capital Management, LLC, on behalf of Caterpillar Inc. Master Retirement Trust, in its capacity as investment manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  DDJ Capital Management Group Trust — High Yield
Investment Fund

By: DDJ Capital Management, LLC, in its capacity as
Investment Manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  DDJ High Yield Fund
By: DDJ Capital Management, LLC, its attorney-in-fact
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
[Signature Page to Registration Rights Amendment and Joinder]

 


 

         
  General Motors Hourly-Rate Employees Pension Trust — 7N1H
By: State Street Bank and Trust Company, solely in its
capacity as Trustee for General Motors Hourly-Rate
Employees Pension Trust (Account 7N1H), and not in its
individual capacity, as directed by DDJ Capital Management, LLC, as Investment Manager  
 
 
  By:   /s/ Kimberly A. Dinsmore    
    Name:   Kimberly A. Dinsmore   
    Title:   Client Services Officer State Street Bank and Trust Company   
 
  General Motors Salaried Employees Pension Trust — 7N1I
By: State Street Bank and Trust Company, solely in its
capacity as Trustee for General Motors Salaried Employees
Pension Trust (Account 7N1I), and not in its individual
capacity, as directed by DDJ Capital Management, LLC, as
Investment Manager
 
 
  By:   /s/ Kimberly A. Dinsmore    
    Name:   Kimberly A. Dinsmore   
    Title:   Client Services Officer State Street Bank and Trust Company   
 
  Houston Municipal Employees Pension System
By: DDJ Capital Management, LLC, in its capacity as Manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
[Signature Page to Registration Rights Amendment and Joinder]

 


 

         
  J.C. Penney Corporation, Inc. Pension Plan Trust
By: DDJ Capital Management, LLC, on behalf of
J.C. Penney Corporation, Inc. Pension Plan Trust, in its
capacity as investment manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  Russell Investment Company — Russell Global
Opportunistic Credit Fund

By: DDJ Capital Management, LLC, in its capacity as
Money Manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  Stichting Bewaarder Interpolis Pensioenen Global High Yield Pool
By: Syntrus Achmea Asset Management, as asset manager
By: DDJ Capital Management, LLC, as subadviser
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  Stichting Pensioenfonds Hoogovens
By: DDJ Capital Management, LLC, on behalf of Stichting
Pensioenfonds Hoogovens, in its capacity as Manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
         
[Signature Page to Registration Rights Amendment and Joinder]

 


 

         
  Stichting Pensioenfonds voor Fysiotherapeuten
By: DDJ Capital Management, LLC, in its capacity as
investment manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  UAW Retiree Medical Benefits Trust
By: State Street Bank and Trust company, solely in its
capacity as Trustee for UAW Retiree Medical Benefits
Trust, as directed by DDJ Capital Management, LLC, and
not in its individual capacity
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
 
  DDJ Distressed and Special Situations Fund, L.P.
By: DDJ/GP Distressed and Special Situations, LLC,
its General Partner
By: DDJ Capital Management, LLC, Manager
 
 
  By:   /s/ David J. Breazzano    
    Name:   David J. Breazzano   
    Title:   President   
[Signature Page to Registration Rights Amendment and Joinder]

 


 

         
         
  Luxor Capital Partners, LP
 
 
  By:   /s/ Norris Nissim    
    Name:   Norris Nissim   
    Title:   General Counsel   
 
  Luxor Capital Partners Offshore Master Fund, LP
 
 
  By:   /s/ Norris Nissim    
    Name:   Norris Nissim   
    Title:   General Counsel   
 
  Luxor Wavefront, LP
 
 
  By:   /s/ Norris Nissim    
    Name:   Norris Nissim   
    Title:   General Counsel   
 
  GAM Equity Six Inc.
 
 
  By:   /s/ Norris Nissim    
    Name:   Norris Nissim   
    Title:   General Counsel   
 
  OC 19 Master Fund, L.P. — LCG
 
 
  By:   /s/ Norris Nissim    
    Name:   Norris Nissim   
    Title:   General Counsel   
 
[Signature Page to Registration Rights Amendment and Joinder]