Exhibit 4.1
Amendment to Rights Agreement
ADVANCED MACHINE VISION CORPORATION
AMENDMENT TO RIGHTS AGREEMENT
AMENDMENT, dated as of December 22, 1998, to that certain RIGHTS
AGREEMENT, dated as of February 27, 1998, between Advanced Machine Vision
corporation, a California corporation (the "Company"), and American Stock
Transfer & Trust Company (the "Rights Agent").
WHEREAS, the Company and FMC Corporation ("FMC") entered into a Series B
Preferred Stock Purchase Agreement as of October 14, 1998 pursuant to which the
Company issued to FMC 119,106 shares of Series B Preferred Stock convertible
into 1,191,060 shares of Class A Common Stock of the Company;
WHEREAS, the Company and FMC entered into an Option Agreement dated as of
October 14, 1998 pursuant to which FMC has the option to purchase from the
Company the number of shares of Class A Common Stock equal to 15% of the
outstanding shares of Class A and Class B Common Stock on the exercise date;
WHEREAS, FMC may in the future desire to purchase additional shares of
Common Stock of the Company from persons other than the Company, which purchases
might cause FMC to become an Acquiring Person under the Rights Agreement,
depending on the interpretation of the Rights Agreement; and
WHEREAS, the Board of Directors of the Company has authorized this
Amendment to the Rights Agreement, pursuant to Section 27 of the Rights
Agreement.
NOW, THEREFORE, BE IT RESOLVED, that the Rights Agreement is hereby
amended to provide that FMC's purchase of up to 1,600,000 additional shares of
Common Stock from persons other than the Company shall not be deemed a
Triggering Event, shall not cause FMC to become an Acquiring Person and shall
not entitle the holder of any Rights Certificates to exercise any rights
evidenced thereby.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
Rights Agreement to be duly executed and attested, all as of the date first
above written.
ADVANCED MACHINE VISION CORPORATION AMERICAN STOCK TRANSFER &
TRUST COMPANY
/s/ Xxxx X. Steel /s/ Xxxxxxx X. Xxxxxx
By:______________________________ By:_________________________________
Name: Xxxx X. Steel Name: Xxxxxxx X. Xxxxxx
Title: Vice President, Finance & CFO Title: Vice President