Exhibit 4.1
SECOND AMENDMENT TO RIGHTS AGREEMENT
This Second Amendment (the "Amendment"), dated and effective as of May 13,
2002 among EEX Corporation, a Texas corporation, as successor to Lone Star
Energy Plant Operations, Inc. (the "Company"), Xxxxxx Trust Company of New York,
a New York trust company ("Xxxxxx") and Computershare Investor Services, LLC
("Computershare"), to the Rights Agreement (the "Rights Agreement") between the
Company and Xxxxxx dated as of September 10, 1996, as amended December 21, 1998.
W I T N E S S E T H
WHEREAS, the Company and Xxxxxx previously entered into the Rights
Agreement, pursuant to which Xxxxxx was appointed to serve as the Rights Agent;
and
WHEREAS, Computershare is transfer agent of the Company's Common Stock; and
WHEREAS, the Company, Xxxxxx and Computershare have agreed that Xxxxxx will
be removed as Rights Agent and the Company will appoint Computershare as
successor Rights Agent under the Rights Agreement, and
WHEREAS, in connection with the removal of Xxxxxx as Rights Agent and the
appointment of Computershare as successor Rights Agent, the Company, Xxxxxx and
Computershare desire to amend the Rights Agreement in certain respects.
NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein set forth, the parties hereby agree as follows:
Section 1. Removal of Rights Agent. Xxxxxx is hereby removed as Rights
Agent under the Rights Agreement.
Section 2. Appointment of the Successor Rights Agent. The Company hereby
appoints Computershare as successor Rights Agent under the Rights Agreement and
Computershare hereby accepts such appointment.
Section 3. Waiver of Prior Written Notice. The Company, Xxxxxx and
Computershare each waive any requirements of prior written notice of a change of
the Rights Agent under the Rights Agreement.
Section 4. Amendment of Rights Agreement. The Rights Agreement shall be
amended as follows:
(a) Section 21 of the Rights Agreement is hereby amended by deleting the
sentence that begins with "Any successor Rights Agent ..." and ends with "... an
affiliate of a legal business entity described above in clause (a) of this
sentence" and substituting in lieu thereof the following sentence:
"Any successor Rights Agent, whether appointed by the Company or by such a
court, shall be (a) a corporation, limited liability company or trust
company (or similar legal business entity) that is (i) organized under the
laws of, and doing business in, any State of the United States, (ii)
authorized to conduct business in Texas and Illinois, in good standing,
(iii) authorized under such laws to exercise corporate trust, fiduciary or
stock transfer powers, (iv) subject to supervision or examination by a
federal or state authority and has, at the time of its appointment as
Rights Agent, a combined capital and surplus of at least $10,000,000 or (b)
an Affiliate controlled by an entity described in clause (a) of this
sentence."
(b) Section 25 of the Rights Agreement is hereby amended by deleting the
address for notice or demand to be given to the Company and the Rights Agent
therein and substituting in lieu thereof the following:
"EEX Corporation
0000 XxxxXxxx Xxxx., Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Chief Financial Officer
with a copy to:
EEX Corporation
0000 XxxxXxxx Xxxx., Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Corporate Secretary
and
Computershare Investor Services, LLC
Xxx Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxx Xxxxxxx
with a copy to:
Computershare Investor Services, LLC
Xxx Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Xxxxxx Xxxxxxxxx"
Section 5. Continued Effectiveness. The parties hereto hereby acknowledge
and agree that, except as specifically supplemented and amended, changed or
modified hereby, the Rights Agreement, as previously amended to the date hereof,
shall remain in full force and effect in accordance with its terms.
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Section 6. Execution in Counterparts. This 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
one and the same instrument.
Section 7. Except as otherwise expressly provided herein, or unless the
context otherwise requires, all terms used herein have the meanings assigned to
them in the Rights Agreement.
(c) Section 31 of the Rights Agreement shall be amended by deleting the
phrase "except that the rights and obligations of the Rights Agent shall be
governed by the laws of the State of New York." and replaced with the following:
"except that the rights and obligations of the Rights Agent shall be
governed by the laws of the State of Illinois."
[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and effective as of the day and year above written.
EEX Corporation
By /s/ Xxxxxxx X. Xxxxxxxx
-----------------------------------------
Xxxxxxx X. Xxxxxxxx
Senior Vice President, General Counsel,
and Corporate Secretary
CERTIFICATION:
I, Xxxxxxx X. Xxxxxxxx, Senior Vice President, General Counsel and Corporate
Secretary of the Company, hereby certify that this Amendment complies with
Section 26 of the Rights Agreement.
/s/ Xxxxxxx X. Xxxxxxxx
-------------------------------------------
Xxxxxxx X. Xxxxxxxx
XXXXXX TRUST COMPANY OF NEW YORK
By /s/ J. Xxxxxx XxXxxx
-----------------------------------------
Its President
COMPUTERSHARE INVESTOR
SERVICES, LLC
By /s/ Xxxx X Xxxxx
-----------------------------------------
Its Chief Operating Officer and Chief
Legal Officer
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