0000950134-05-023504 Sample Contracts

AGREEMENT OF SUBSTITUTION AND AMENDMENT NO. 1 TO RIGHTS AGREEMENT
Rights Agreement Amendment • December 20th, 2005 • Pegasus Solutions Inc • Services-computer processing & data preparation • Delaware

AGREEMENT OF SUBSTITUTION AND AMENDMENT NO. 1 TO RIGHTS AGREEMENT, dated as of December 19, 2005 (this “Rights Agreement Amendment”), between Pegasus Solutions, Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, a New York banking corporation (“AST”).

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