EXHIBIT 4.2.1 FIRST AMENDMENT TO RIGHTS AGREEMENT
FIRST AMENDMENT, dated April 27, 1999, to the Rights Agreement, dated as of
February 1, 1994 (the "Rights Agreement"), between XxXxxxxxx Technologies, Inc.,
a Delaware corporation (the "Company"), and Wachovia Bank of North Carolina,
N.A., a North Carolina corporation, as Rights Agent (the "Rights Agent").
WHEREAS, the Company and the Rights Agent entered into the Rights Agreement
specifying the terms of the Rights (as defined therein);
WHEREAS, the Company and the Rights Agent desire to amend the Rights
Agreement in accordance with Section 27 of the Rights Agreement;
WHEREAS, the Board of Directors of the Company has voted in favor of this
Amendment pursuant to a unanimous written consent;
NOW, THEREFORE, in consideration of the premises and mutual agreements set
forth in the Rights Agreement and this First Amendment, the parties hereby agree
as follows:
1. Section 1(a) of the Rights Agreement is hereby amended by adding the
following sentence at the end of such Section:
"Notwithstanding the foregoing provisions contained in this Section
1(a), with respect solely to Xxxxxxx Capital Management Company, Inc.
("Xxxxxxx") together with all its Affiliates and Associates, all
references to "fifteen percent (15%)" shall be replaced with "17.5%",
so that all such provisions in this Section 1(a) shall apply to
Xxxxxxx together with all its Affiliates and Associates as so
modified."
2. This First Amendment shall be deemed to be a contract made under the
laws of the State of Delaware and for all purposes shall be governed by and
construed in accordance with the laws of such State applicable to contracts made
and to be performed entirely within such State.
3. This First Amendment may be executed in any number of counterparts and
each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same
instrument.
4. Except as expressly set forth herein, this First Amendment shall not
by implication or otherwise alter, modify, amend, or in any other way affect any
of the terms, conditions, obligations, covenants, or agreements contained in the
Rights Agreement, all of which are ratified and affirmed in all respects and
shall continue in full force and effect.
* * * *
IN WITNESS WHEREOF, the parties have caused this First Amendment to be duly
executed as of the first date above written.
XxXXXXXXX TECHNOLOGIES, INC.
Attest:
By /s/ Xxxxxx X. Xxxxxxx-Fredorick By /s/ Xxxxxxx X. Xxxxxxx
----------------------------------- --------------------------
Its: Secretary Its: Chief Executive Officer
WACHOVIA BANK OF NORTH
CAROLINA, N.A.
Attest:
By /s/ Xxxxx X. Xxxxxx By /s/ Xxxxxxx X. Xxxxxx
------------------------- -------------------------
Its: Assistant Secretary Its: Vice President