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EXHIBIT 4.1
AMENDMENT NO. 2 TO
AMENDED AND RESTATED
RIGHTS AGREEMENT
This Amendment No. 2 to Amended and Restated Rights Agreement (this
"Amendment") is made effective as of the 10th day of March 1999. This Amendment
is an amendment to the Amended and Restated Rights Agreement, dated as of March
17, 1989, as amended effective June 13, 1992, as amended and restated as of
December 12, 1997, and as amended effective November 24, 1998 (the "Rights
Agreement"), between Seagull Energy Corporation, a Texas corporation (the
"Company"), and BankBoston, N.A. (as successor to NCNB Texas National Bank) (the
"Rights Agent").
RECITALS
WHEREAS, pursuant to and in compliance with Section 26 of the Rights
Agreement, the Company and the Rights Agent wish to amend the Rights Agreement
as set forth herein;
NOW THEREFORE, the parties hereto agree as follows:
Section 1. Amendments. Section 7(a) of the Rights Agreement is amended
to provide that the term "Final Expiration Date" shall mean May 21, 1999.
Section 2. Remainder of Agreement Not Affected. Except 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. 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 agreement.
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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: SEAGULL ENERGY CORPORATION
By: /s/ XXXXXXX X. XXXXXXXX By: /s/ XXXXX X. XXXXXXX
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Xxxxxxx X. Xxxxxxxx Xxxxx X. Xxxxxxx
Executive Vice President & Chief President and Chief
Financial Officer Executive Officer
Attest: BANKBOSTON, N.A.
By: /s/ XXXXXXX X. XXXXXX By: /s/ XXXXX XXXXXX-XXXX
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Name: Xxxxxxx X. Xxxxxx Name: Xxxxx Xxxxxx-Xxxx
Title: Account Manager Title: Administration Manager
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OFFICER'S CERTIFICATE
Reference is made to the Amended and Restated Rights Agreement, dated
as of March 17, 1989, as amended effective June 13, 1992, amended and restated
as of December 12, 1997, and as amended effective November 24, 1998 (the "Rights
Agreement"), between Seagull Energy Corporation, a Texas Corporation (the
"Company"), and BankBoston, N.A. (as successor of NCNB Texas National Bank)(the
"Rights Agent").
The undersigned, being a duly elected officer of the Company, hereby
certifies to the Rights Agent that the amendment attached hereto is in
compliance with the terms of Section 26 of the Rights Agreement, and, on behalf
of the Company, directs that the Rights Agent execute such amendment in
accordance with Section 26 of the Rights Agreement.
IN WITNESS WHEREOF, the undersigned has executed this certificate as of
the 10th day of March 1999.
/s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx
President and Chief Executive Officer
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