Mario J. Gabelli GGCP, Inc. GAMCO Investors, Inc. Gabelli Funds, LLC GAMCO Asset Management Inc. Teton Advisors, Inc. Gabelli Securities, Inc. Gabelli & Company, Inc. MJG Associates, Inc. Gabelli Foundation, Inc. LICT Corporation One Corporate Center...Pennichuck Corp • March 19th, 2009 • Water supply • New Hampshire
Reference is made to the Rights Agreement dated April 20, 2000 between Pennichuck Corporation, a New Hampshire corporation (“Pennichuck”) and American Stock Transfer and Trust Company, as rights agent, as amended (the “Rights Plan”). Capitalized terms used herein but not otherwise defined herein shall have the respective meanings ascribed to them in the Rights Plan. Pennichuck hereby represents and warrants that it has amended the Rights Plan effective as of March 2, 2009 (the “Amendment”), which Amendment grants the Board of Directors of Pennichuck the right, in its sole discretion, to exempt any shareholder from the definition of “Acquiring Person” under the Rights Plan, subject to terms and conditions acceptable to the Board of Directors of Pennichuck. For the avoidance of doubt, the Amendment shall not, in and of itself, constitute an exemption for any shareholder from said definition. Pennichuck agrees that it will not take the position that the Rights Plan has been triggered on o
