EXHIBIT 4.1
AMENDMENT NO. 1
TO THE AMENDED AND RESTATED
SHAREHOLDER RIGHTS AGREEMENT
This Amendment No. 1 to the Amended and Restated Shareholder Rights
Agreement (this "Amendment"), dated as of June 27, 2000 is an amendment to the
Amended and Restated Shareholder Rights Agreement, dated as of March 7, 2000
(the "Rights Agreement"), between Xxxx-Xxxx Realty Corporation, a Maryland
corporation (the "Company"), and Equiserve Trust Company, N.A., a Delaware
corporation, (the "Rights Agent").
RECITALS
WHEREAS, the Company proposed to enter into an Agreement and Plan of
Merger (the "Merger Agreement") dated as of the date hereof with Xxxx-Xxxx
Realty, L.P., a Delaware limited partnership ("Xxxx-Xxxx Partnership"), Xxxxxxxx
Property Trust, a Maryland real estate investment trust ("PPT") and Xxxxxxxx
Properties Acquisition Partners, L.P., a Delaware limited partnership ("PPAP"),
pursuant to which PPT will merge with and into the Company and PPAP will merge
with and into Xxxx-Xxxx Partnership on the terms set forth therein; and
WHEREAS, pursuant to and in compliance with Section 27 of the Rights
Agreement, the Company and the Rights Agent wish to amend the Rights Agreement
to reflect the foregoing as set forth herein;
NOW THEREFORE, the parties hereto agree as follows:
Section 1. AMENDMENTS.
(a) Section 1(a) of the Rights Agreement is amended by adding the
following language to the end of the first sentence thereof:
", or Xxxxxxxx Property Trust, a Maryland real estate
investment trust ("PPT"), Xxxxxxxx Properties Acquisition
Partners, L.P., a Delaware limited partnership ("PPAP"), or
any of their Affiliates or Associates by virtue of approval,
execution or delivery of the Agreement and Plan of Merger, to
be entered into as of June 27, 2000, by and among PPT, PPAP,
the Company and Xxxx-Xxxx Realty, L.P., a Delaware limited
partnership, as it may be amended from time to time in
accordance with its terms (the "Merger Agreement"), or by
virtue of the consummation of any of the transactions
contemplated by the Merger Agreement."
(b) Section 1(m) of the Rights Agreement is amended by adding the
following sentence at the end thereof:
"Notwithstanding the foregoing or anything in this Rights
Agreement to the contrary, a Distribution Date shall not be
deemed to have occurred by virtue of the approval, execution
or delivery of the Merger Agreement or by virtue of the
consummation of the transactions contemplated by the Merger
Agreement."
(c) Section 1(gg) of the Rights Agreement is amended by adding the
following sentence at the end thereof:
"Notwithstanding the foregoing or anything in this Rights
Agreement to the contrary, a Triggering Event shall not be
deemed to have occurred by virtue of the approval, execution
or delivery of the Merger Agreement or by virtue of the
consummation of the transactions contemplated by the Merger
Agreement."
(d) SECTION 11(A)(ii) of the Rights Agreement is amended by adding the
following sentence at the end thereof:
"Notwithstanding the foregoing or anything in this Rights
Agreement to the contrary, this section 11(a) shall not apply
to the approval, execution and delivery of the Merger
Agreement or the consummation of the transactions contemplated
thereby."
(e) Section 13 of the Rights Agreement is amended by adding the
following sentence at the end thereof:
"Notwithstanding the foregoing, this Section 13 shall not
apply to the Merger Agreement or the transactions contemplated
thereby."
Section 2. EFFECTIVENESS. This Amendment shall become effective as of,
and immediately prior to, the execution and delivery of the Merger Agreement.
Except as set forth in Section 1 hereof, the terms and provisions of the Rights
Agreement remain in full force and effect and are hereby ratified and confirmed.
Section 3. AUTHORITY. Each party represents that such party has full
power and authority to enter into this Amendment and that this Amendment
constitutes a legal, valid and binding obligation of such party, enforceable
against such party in accordance with its terms.
Section 4. GOVERNING LAW. This Amendment shall be deemed to be a
contract made under the laws of the State of Maryland and for all purposes shall
be governed by and construed in accordance with the laws of such State
applicable to contracts to be made and performed within such State.
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Section 5. COUNTERPARTS. This Amendment may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
shall constitute one and the same.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and attested, all as of the day and year first above written.
Attest: XXXX-XXXX REALTY CORPORATION
By: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxxxx X. Xxxxx
--------------------------- ----------------------------------
Name: Xxxxx X. Xxxxxx Name: Xxxxxxxx X. Xxxxx
Title: Executive Vice President, Title: Chief Executive Officer
General Counsel and
Secretary
Attest: EQUISERVE TRUST COMPANY, N.A
By: /s/ Xxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxx
--------------------------- ----------------------------------
Name: Xxxx Xxxxxx Name: Xxxxxxx X. Xxxxxx
Title: Assistant Vice President, Title: Director, Corporate Actions
Corporate Actions
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