Exhibit 4a(iv)
Execution Copy
AMENDMENT AGREEMENT NO. 1
dated 25 March 2003
between
InCentive Capital AG
c/o Bar & Xxxxxx, Xxxxxxxxxxxxx 0,
XX-0000 Xxx, Xxxxxxxxxxx ("InCentive")
and
Xxxxx & Nephew plc.
Heron House, 15 Xxxx Street, ("Xxxxx & Nephew plc")
Xxxxxx XX0X 0XX, Xxxxxx Xxxxxxx
and
Xxxxx & Nephew Group Limited
(formerly known as Meadowclean Limited,
to be renamed Xxxxx & Nephew Group plc) ("Xxxxx & Nephew Group plc")
000 Xxxxxx xx xx Xxxxx,
XX-0000 Xxxxxxxx, Xxxxxx, Xxxxxxxxxxx
Regarding
A Transaction Agreement dated 20 March 2003
(A) Whereas, the parties hereto (the "Parties") entered into a transaction
agreement dated 20 March 2003 regarding a public tender offer to all
shareholders of InCentive (the "Transaction Agreement").
(B) Whereas, Section 3.2(b) of the Transaction Agreement provides that sales by
InCentive of its treasury shares to non-related third parties shall be
permitted.
(C) Whereas, the Parties wish to adapt Section 3.5 of the Transaction Agreement
accordingly.
-2-
NOW, THEREFORE, the Parties agree as follows:
1. The capitalised terms used in this Amendment Agreement No. 1 shall have the
meanings ascribed to them in the Transaction Agreement.
2. Section 3.5 of the Transaction Agreement shall be amended by adding the
words "except as otherwise permitted in Section 3.2(b)" after the words
"and shall not dispose of any such shares".
3. This Amendment Agreement No. 1 shall be a part of the Transaction
Agreement, and, subject to paragraph 2 hereof, all terms and conditions of
the Transaction Agreement shall remain in full force and effect as set
forth in the Transacton Agreement.
Xxxxx & Nephew plc
/s/ Xxxxxxxxxxx X. X'Xxxxxxx /s/ Xxxxx Xxxxxx
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Name: Xxxxxxxxxxx X. X'Xxxxxxx Name: Xxxxx Xxxxxx
--------------------------------- ---------------------------
Title: Chief Executive Title: Finance Director
--------------------------------- ---------------------------
Xxxxx & Nephew Group Limited
/s/ Pierre-Xxxxx Xxxxxxxx /s/ Antoine Vidts
---------------------------------------- ----------------------------------
Name: Pierre-Xxxxx Xxxxxxxx Name: Antoine Vidts
--------------------------------- ---------------------------
Title: Director Title: Director
--------------------------------- ---------------------------
InCentive Capital AG
/s/ Xxxx Xxxxxxxxx /s/ Xxxxxx Xxxxx
---------------------------------------- ----------------------------------
Name: Xxxx Xxxxxxxxx Name: Xxxxxx Xxxxx
--------------------------------- ---------------------------
Title: Director and Chief Executive Title: Member of the Management
--------------------------------- ---------------------------
Board
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