Exhibit 4a
This AMENDMENT NO. 1 TO RIGHTS AGREEMENT (this "Amendment") is dated as
of March 2, 2005 between BellSouth Corporation, a Georgia corporation (the
"Company"), and Mellon Investor Services LLC (f/k/a ChaseMellon Shareholder
Services, L.L.C.) (the "Rights Agent").
WITNESSETH:
The Company and the Rights Agent (the "Parties") entered into a Rights
Agreement dated November 22, 1999 (the "Original Rights Agreement"). As of the
date of this Agreement, the rights issued pursuant to the Original Rights
Agreement are redeemable. The Parties wish to amend the Original Rights
Agreement in the manner set forth below. The Company's Board of Directors has
approved this Amendment and authorized its execution.
NOW, THEREFORE, in consideration of the premises and the mutual
agreements herein set forth, the Parties agree as follows:
1. EFFECTIVENESS OF THIS AMENDMENT. This Amendment is executed pursuant
to the first sentence of Section 27 of the Original Rights Agreement. The
Company, by its execution of this Amendment, hereby directs the Rights Agent,
pursuant to such sentence of Section 27, to execute this Amendment. This
Amendment shall take effect immediately upon the execution hereof by the Company
and the Rights Agent and the delivery of the certificate required pursuant to
Section 27 of the Original Rights Agreement.
2. DEFINED TERMS. All capitalized terms used but not defined in this
Amendment shall have the meanings assigned to them in the Original Rights
Agreement.
3. NO OTHER PROVISIONS AFFECTED. Except to the extent expressly amended
by this Amendment, all of the provisions of the Original Rights Agreement shall
remain in full force and effect, unaffected by this Amendment.
4. AMENDMENT TO THE ORIGINAL RIGHTS AGREEMENT. The Original Rights
Agreement is hereby amended by substituting the term "15%" for the term "10%" in
each place where the term "10%" is used in the Original Rights Agreement and the
exhibits thereto, including, without limitation, all places in which such phrase
is used in Sections 1(a), 23, 27 and Exhibit C of the Original Rights Agreement.
5. REFERENCES TO THE ORIGINAL RIGHTS AGREEMENT. All references in the
Original Rights Agreement, and the exhibits thereto, to the Rights Agreement or
any specific provision thereof (including references that use the terms "hereto"
and "hereof"), as well as in the legends affixed to certificates issued for
Common Stock pursuant to Section 3(d) of the Original Rights Agreement, shall,
without any specific references expressly and individually to any of the
foregoing amendments, automatically be deemed references to the Original Rights
Agreement or the applicable specific provisions thereof (as the case may be) as
amended by this Amendment, with the same force and effect as if expressly and
individually amended in that respect by this Amendment.
IN WITNESS WHEREOF the Parties have caused this Amendment to be duly
executed, and attested, all as of the date and year first above written.
[ATTEST] BELLSOUTH CORPORATION
By: /s/ Xxxxx X. Xxxx By: /s/ Xxxxxx X. Xxxxx
----------------------------- -----------------------------
Name: Xxxxx X. Xxxx Name: Xxxxxx X. Xxxxx
Title: Senior Corporate Counsel Title: Chief Financial Officer
[ATTEST] MELLON INVESTOR SERVICES LLC
By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxxxxx X. Xxxxxx
----------------------------- -----------------------------
Name: Xxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxxx
Title: Vice President Title: Vice President
BELLSOUTH CORPORATION
and
MELLON INVESTOR SERVICES LLC
Rights Agent
AMENDMENT NO. 1
Dated as of March 2, 2005
to
RIGHTS AGREEMENT
Dated November 22, 1999
