AMENDED AND RESTATED SHAREHOLDER RIGHTS PLAN AGREEMENT Dated as of June 25, 2007 Between OLYMPUS PACIFIC MINERALS INC. and COMPUTERSHARE INVESTOR SERVICES INC. as Rights Agent to be Approved by Shareholders by December 25, 2007Shareholder Rights Plan Agreement • November 23rd, 2007 • Olympus Pacific Minerals Inc • Metal mining • Ontario
WHEREAS the Board of Directors of the Corporation, in the exercise of their fiduciary duties to the Corporation, has determined that it is advisable and in the best interests of the Corporation to adopt a shareholder rights plan (the “Rights Plan”) to (a) ensure, to the extent possible, that all holders of the Common Shares (as hereinafter defined) of the Corporation and the Board of Directors have adequate time to consider and evaluate any unsolicited bid for the Common Shares, (b) provide the Board of Directors with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate, to any such unsolicited bid, (c) encourage the fair treatment of the Corporation’s securityholders in connection with any Takeover Bid (as hereinafter defined) made for the Common Shares, and (d) generally to assist the Board of Directors in enhancing shareholder value;
