EXHIBIT 4.13
SECOND AMENDMENT TO RIGHTS AGREEMENT
SECOND AMENDMENT (this "Amendment"), dated as of December 31, 2001,
between General Growth Properties, Inc., a Delaware corporation (the "Company"),
and Mellon Investor Services LLC, successor to Norwest Bank Minnesota, N.A. (the
"Rights Agent").
WITNESSETH:
WHEREAS, the Company and the predecessor Rights Agent entered into the
Rights Agreement, dated as of November 18, 1998, as amended by the First
Amendment to Rights Agreement (the "First Amendment"), dated as of November 10,
1999 (as so amended, the "Rights Agreement");
WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company
may from time to time supplement or amend the Rights Agreement in accordance
with the provisions of such Section; and
WHEREAS, the Board of Directors of the Company has determined that it
is in the best interests of the Company and its shareholders that the Rights
Agreement be amended in connection with the appointment of the successor Rights
Agent.
NOW THEREFORE, in consideration of the premises and the mutual
agreements herein set forth, the parties hereby agree as follows:
Section 1. Definitions. Capitalized terms used herein without
definition shall have the meanings specified in the Rights Agreement.
Section 2. Amendments. The Rights Agreement shall be amended as
follows:
(a) The first sentence of Section 2 of the Rights Agreement shall be
amended by deleting the following phrase from lines three through five thereof:
"and the holders of the Rights (who, in accordance with Section 3 hereof, shall
prior to the Distribution Date also be the holders of the Common Shares)".
(b) Section 3(c) of the Rights Agreement shall be amended by (i)
inserting the word "substantially" in line seven before the phrase "the
following", (ii) inserting the phrase "(or any successor thereto)" in line five
of the legend set forth in the first sentence of such Section after the term
"N.A." and before the comma, and (iii) inserting the phrase "as amended," inside
the parenthetical set forth in line six of such legend before the word "the".
(c) Section 19 of the Rights Agreement shall be amended by (i) deleting
the word "corporation" in lines two, four, six and eleven of such Section and
inserting in lieu thereof the word "Person" and (ii) inserting the phrase "or
stockholder services" in line seven of such Section after the phrase "corporate
trust".
(d) Section 20(c) of the Rights Agreement shall be amended and restated
to read in its entirety as follows:
The Rights Agent shall be liable hereunder only for its own
gross negligence, bad faith or willful misconduct (as finally
determined by a court of competent jurisdiction). Anything
herein to the contrary notwithstanding, in no event shall the
Rights Agent be liable for special, punitive, indirect,
consequential or incidental damage or loss of any kind
whatsoever (including, but not limited to, lost profits).
(e) Section 21 of the Rights Agreement shall be amended by (i) deleting
the word "corporation" in line twenty-three of such Section and inserting in
lieu thereof the word "Person" and (ii) inserting the phrase "or stock transfer"
in line twenty-seven of such Section after the phrase "corporate trust".
(f) Section 26 of the Rights Agreement shall be amended by (i) deleting
the name and address of the notice party set forth in the first sentence of such
Section and inserting in lieu thereof:
General Growth Properties, Inc.
000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Attention: Corporate Secretary
and (ii) deleting the name and address of the notice party set forth in the
second sentence of such Section and inserting in lieu thereof:
Mellon Investor Services LLC
000 Xxxxx Xxxxxx Xxxxx
Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attention: Relationship Manager
with a copy to:
Mellon Investor Services LLC
00 Xxxxxxxxxx Xxxx
Xxxxxxxxxx Xxxx, XX 00000
Attention: General Counsel
(g) The last sentence of Section 27 of the Rights Agreement shall be
amended and restated to read in its entirety as follows:
Any supplement or amendment authorized by this Section 27 will
be evidenced by a writing signed by the Company and the Rights
Agent; provided, however, that notwithstanding anything herein
to the contrary, the Rights Agent shall have no duty to sign
any such supplement or amendment which changes or increases
the Rights Agent's rights, duties, liabilities or obligations
hereunder.
Section 3. Governing Law. 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 and construed in accordance with the laws of such State applicable
to contracts to be made and performed entirely within such State.
Section 4. 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 but one
and the same instrument.
Section 5. Ratification. Except as expressly provided herein, this
Amendment shall not by implication or otherwise alter, modify, amend or in any
way affect any of the terms, conditions, obligations, covenants or agreements
contained in the Rights Agreement, all of which are ratified and confirmed in
all respects and shall continue in full force and effect.
[Remainder of Page Intentionally Left Blank]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and their respective corporate seals to be hereunder affixed and
attested, all as of the day and year first above written.
Attest: GENERAL GROWTH PROPERTIES, INC.
/s/ Xxxxxxxx X. Xxxxxxxxx By: /s/ Xxxxxxx Xxxxxxxx
------------------------------------ -----------------------------------
Name: Xxxxxxxx X. Xxxxxxxxx Name: Xxxxxxx Xxxxxxxx
Title: Secretary Title: Executive Vice President
Attest: MELLON INVESTOR SERVICES LLC
/s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxx
------------------------------------ -----------------------------------
Name: Xxxxxxx X. Xxxxxx Name: Xxxxx X. Xxxxx
Title: Vice President Title: Vice President
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