AMENDMENT TO RIGHTS AGREEMENT
EXHIBIT 4.4
CIPHERGEN BIOSYSTEMS, INC.
AMENDMENT TO RIGHTS AGREEMENT
THIS AMENDMENT TO RIGHTS AGREEMENT (this “Amendment”) is made as of July 22, 2005 between CIPHERGEN BIOSYSTEMS, INC., a Delaware company (the “Company”), and XXXXX FARGO BANK, N.A. (the “Rights Agent”).
WHEREAS, the Company and Continental Stock Transfer & Trust Company entered into a Preferred Shares Rights Agreement, dated as of March 20, 2002 (the “Rights Agreement”) (capitalized terms used in this Amendment but not defined herein shall have the meaning assigned to them in the Rights Agreement); and
WHEREAS, the Rights Agent became party to the Rights Agreement upon their appointment as the Company’s transfer agent; and
WHEREAS, the Company and the Rights Agent desire to amend the Rights Agreement as provided below.
NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and conditions set forth below, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties to this Amendment to the Rights Agreement hereby agree as follows:
AMENDMENT
1. Amendment of the Rights Agreement.
1.1 Section 1(a) of the Rights Agreement is hereby amended by inserting the following sentence immediately after the last sentence thereof:
“Notwithstanding the foregoing, none of Quest Diagnostics Incorporated, nor any of its Affiliates, shall be deemed an Acquiring Person and neither a Shares Acquisition Date nor a Distribution Date shall be deemed to occur and the Rights will not separate from Company Common Shares, in each case, solely by reason of the execution, delivery, performance or consummation of the transactions contemplated under the Stock Purchase Agreement and the Warrant (including the issuance and exercise thereof) each dated as of July 22, 2005, between the Company and Quest Diagnostics Incorporated (including any amendment or supplement thereto).”
2. No Other Amendment. Except as modified by this Amendment, the Rights Agreement shall remain in full force and effect without any modification. By executing this Amendment below, the Company certifies that this Amendment has been executed and delivered in compliance with the terms of Section 27 of the Rights Agreement. This Amendment shall be deemed an amendment to the Rights Agreement and shall become effective when executed and delivered by the Company and the Rights Agent as provided under Section 27 of the Rights
Agreement. This Amendment shall be irrevocable and Quest Diagnostics, Inc. shall be an express third party beneficiary hereof.
3. Effect of Amendment. This Amendment shall be deemed to be in force and effect immediately prior to the execution of the Stock Purchase Agreement. Except as and to the extent expressly modified by this Amendment, the Rights Agreement and the exhibits thereto, shall remain in full force and effect in all respects. In the event of a conflict or inconsistency between this Amendment and the Rights Agreement and the exhibits thereto, the provisions of this Amendment shall govern.
4. Counterparts. This Amendment may be executed in several counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one agreement.
5. Miscellaneous. 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 applicable to contracts to be made and performed entirely within such state. If any term or other provision of this Amendment is determined to be invalid, illegal or incapable of being enforced by any rule of law or public policy, all other terms and provisions of this Amendment shall nonetheless remain in full force and effect and upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, this Amendment and such term or other provision shall be deemed to have been amended so as to effect the original intent of the parties as closely as possible in an acceptable manner to the Board of Directors of the Company.
[Remainder of Page Left Blank Intentionally]
The parties hereto have caused this Amendment to be executed and delivered as of the day and year first written above.
|
XXXXX FARGO BANK, N.A. |
||||
|
|
||||
|
|
||||
|
By: |
/s/ Xxxxxxxx Xxxx |
|
||
|
|
||||
|
Name: |
Xxxxxxxx Xxxx |
|
||
|
|
|
|||
|
Title: |
Assistant Vice President |
|
||
|
|
|
|||
|
CIPHERGEN BIOSYSTEMS, INC. |
||||
|
|
||||
|
|
|
|||
|
By: |
/s/ Xxxxxxx X. Xxxx |
|
||
|
|
||||
|
Name: |
Xxxxxxx X. Xxxx |
|
||
|
|
|
|||
|
Title: |
President and Chief Executive Officer |
|
||
[SIGNATURE PAGE TO AMENDMENT TO THE RIGHTS AGREEMENT]
