EXHIBIT 4.4
THIRD AMENDMENT TO RIGHTS AGREEMENT
THIS THIRD AMENDMENT TO RIGHTS AGREEMENT, dated as of January 29, 2003,
is entered into between Marathon Oil Corporation, a Delaware corporation (the
"Company"), and National City Bank, as Rights Agent (the "Successor Rights
Agent").
WHEREAS, the Company and Mellon Investor Services LLC ("Predecessor
Rights Agent") are parties to that certain Rights Agreement (the "Rights
Agreement"), dated as of September 28, 1999, as amended on July 2, 2001 and as
further amended on December 31, 2001 (capitalized terms used but not defined
herein shall have the meanings ascribed to them in the Rights Agreement); and
WHEREAS, pursuant to the December 31, 2001 amendment, the Successor
Rights Agent succeeded the Predecessor Rights Agent as a party to the Rights
Agreement; and
WHEREAS, the Board of Directors of the Company has determined it to be
in the best interests of the Company and its stockholders to amend the Rights
Agreement pursuant to Section 26 thereof to provide for an earlier expiration of
the Rights Agreement; and
WHEREAS, the Company and the Rights Agent desire to amend the Rights
Agreement in accordance with the provisions of Section 26 thereof to provide for
the expiration of the Rights Agreement; in accordance with the terms hereof.
NOW, THEREFORE, in consideration of the foregoing and the mutual
agreements set forth herein, the parties hereto agree as follows:
1. Effective as of January 31, 2003, the date of "October 9, 2009" set
forth in Section 7(a)(i) of the Rights Agreement is hereby replaced with the
date of "January 31, 2003."
2. By operation of Section 7(a) of the Rights Agreement, on January 31,
2003, the Rights Agreement shall expire and shall thereon and thereafter be of
no further force or effect.
3. This 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, without regard to the principles of
conflicts of laws thereof.
4. This Amendment may be executed in any number of counterparts. It
shall not be necessary that the signature of or on behalf of each party appears
on each counterpart, but it shall be sufficient that the signature of or on
behalf of each party appears on one or more of the counterparts. All
counterparts shall collectively constitute a single agreement.
5. Except as expressly set forth herein, this Amendment shall not by
implication or otherwise alter, modify or amend any of the other terms,
conditions, obligations, covenants or agreements contained in the Rights
Agreement.
6. If any term, provision, covenant or restriction of this Amendment is
held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Amendment and of the Rights Agreement, shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and attested, all as of the date and year first above written.
MARATHON OIL CORPORATION
By: /s/ X. X. Xxxxxxx
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X. X. Xxxxxxx
Vice President - Investor Relations
NATIONAL CITY BANK, as Rights Agent
By: /s/ V. W. XxXxxxx
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V. W. XxXxxxx
Vice President
