Exhibit 4.2
FIRST AMENDMENT TO RIGHTS AGREEMENT
This First Amendment to Rights Agreement ("First Amendment") is made as
of the 31st day of October, 2001 by and among Security Capital Group
Incorporated ("Security Capital"), The First National Bank of Boston ("FNBB")
and EquiServe Trust Company, N.A. ("EquiServe").
WHEREAS, Security Capital and FNBB entered into that certain Rights
Agreement dated as of April 21, 1997 (the "Rights Agreement") pursuant to which,
among other things, FNBB agreed to act as rights agent (the "Rights Agent");
WHEREAS, by letter dated October 8, 2001 FNBB provided notice to
Security Capital of its intention to resign as rights agent in accordance with
the provisions of Section 21 of the Rights Agreement;
WHEREAS, Security Capital desires to appoint EquiServe to succeed FNBB
as rights agent under the Rights Agreement and EquiServe has indicated it desire
to accept such appointment as Rights Agent;
WHEREAS, in accordance with Section 27 of the Rights Agreement,
Security Capital, FNBB and EquiServe desire to amend the Rights Agreement as set
forth below;
NOW, THEREFORE, in consideration of the covenants, representations,
warranties and agreements contained herein, and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be bound hereby, Security Capital, FNBB and EquiServe agree as
follows:
1. Except as otherwise set forth in this First Amendment, all
capitalized terms used herein shall have the meaning set forth in the Rights
Agreement.
2. Section 21 of the Rights Agreement ("Change in Rights Agent") is hereby
amended by deleting in its entirety and replacing it with the following:
21. Change in Rights Agent. The Rights Agent or any successor Rights
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Agent may resign and be discharged from its duties under this Agreement
upon 30 days' notice in writing mailed to the Corporation and to each
transfer agent of the Class A Shares, Class B Shares and Participating
Preferred Shares by registered or certified mail and to the holders of
the Rights Certificates by first-class mail. The Corporation may remove
the Rights Agent or any successor Rights Agent upon 30 days' notice in
writing mailed to the Rights Agent or successor Rights Agent, as the
case may be, and to each transfer agent of the Class A Shares, Class B
Shares and Participating Preferred Shares by registered or certified
mail, and to the holders of the Rights Certificates by first-class
mail. If the Rights Agent shall resign or be removed or shall otherwise
become incapable of acting, the Corporation shall appoint a successor
to the Rights Agent. If the Corporation shall fail to make such
appointment within a period of 30 days after giving notice of such
removal or after it has been notified in writing of such resignation or
incapacity by the resigning or incapacitated Rights Agent or by the
holder of a Right Certificate (who shall, with such notice, submit such
holder's Right Certificate for inspection by the
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Corporation), then the registered holder of any Right Certificate may
apply to any court or competent jurisdiction for the appointment of a
new Rights Agent. Any successor Rights Agent, whether appointed by the
Corporation or by such a court, shall be a corporation, bank or trust
company organized and doing business under the laws of the United
States or any state of the United States, in good standing, which is
authorized under such laws to exercise corporate trust or stock
transfer powers and is subject to supervision or examination by federal
or state authority and which has individually or combined with an
affiliate at the time of its appointment as Rights Agent a combined
capital and surplus of at least $100 million dollars. After
appointment, the successor Rights Agent shall be vested with the same
powers, rights, duties and responsibilities as if it had been
originally named as Rights Agent without further act or deed; but the
predecessor Rights Agent shall deliver and transfer to the successor
Rights Agent any property at the time held by it hereunder, and execute
and deliver any further assurance, conveyance, act or deed necessary
for the purpose. Not later than the effective date of any such
appointment the Corporation shall file notice thereof in writing with
the predecessor Rights Agent and each transfer agent of the Class A
Shares, Class B Shares and Participating Preferred Shares, and mail a
notice thereof in writing to the registered holders of the Rights
Certificates. Failure to give any notice provided for in this Section
21, however, or any defect therein, shall not affect the legality or
validity of the resignation or removal of the Rights Agent or the
appointment of the successor Rights Agent, as the case may be.
3. Security Capital hereby appoints EquiServe to serve as Rights Agent
under the Rights Agreement succeeding FNBB and EquiServe hereby accepts such
appointment, with the same powers, rights, duties and responsibilities as if it
had originally been named as Rights Agent without further act or deed.
4. Section 3(c) is hereby amended by adding the following prior to the
penultimate sentence thereof:
Until such time that additional certificates representing the Class A
Shares or Class B Shares are prepared, a legend substantially to the
following effect shall also be impressed on, printed on, written on or
otherwise affixed to the certificates therefore:
EquiServe Trust Company N.A. is the successor to The First
National Bank of Boston as Rights Agent under the
above-referenced Agreement.
Following such time as additional certificates representing the Class A
Shares or Class B Shares are prepared, a legend substantially to the
following effect shall also be impressed on, printed on, written on or
otherwise affixed to the certificates therefore:
This certificate also evidences and entitles the holder
thereof to certain rights as set forth in the Rights
Agreement between Security Capital Group Incorporated (the
"Corporation") and EquiServe Trust Company, N.A., as
successor to The First National Bank of Boston, dated as of
April 21, 1997 and amended as of October 31, 2001 (the
"Rights Agreement"), the terms of which are hereby
incorporated herein by reference and a copy of which is on
file at the principal offices of the Corporation. Under
certain circumstances, as set forth in the Rights Agreement,
the Rights will be evidenced by separate certificates and
will no longer be evidenced by this certificate. The
Corporation will mail to the holder of this certificate a
copy of the Rights Agreement, as in effect on the date of
mailing,
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without charge promptly after receipt of a written request
therefor. Under certain circumstances set forth in the Rights
Agreement, Rights issued to, or held by, any Person who is,
was or becomes an Acquiring Person or an Affiliate or
Associate thereof (as such terms are defined in the Rights
Agreement), whether currently held by or on behalf of such
Person or by any subsequent holder, shall become null and
void.
5. In accordance with Section 21 of the Rights Agreement, FNBB acknowledges
that it has delivered and transferred to EquiServe any property held by it
pursuant to the Rights Agreement and agrees that it will execute and deliver any
further assurance, conveyance, act or deed necessary for this purpose.
6. FNBB and EquiServe each acknowledge that this First Amendment
constitutes the notice by Security Capital required by Section 21 of the Rights
Agreement of the appointment of EquiServe as the successor Rights Agent.
7. All references in the Rights Agreement (including the exhibits
thereto) to The First National Bank of Boston shall be deemed to refer to
EquiServe Trust Company, N.A. or EquiServe Trust Company, N.A., as successor to
The First National Bank of Boston, as applicable.
8. The notice information for FNBB set forth in Section 26 of the
Rights Agreement is replaced with the following:
EquiServe Trust Company, N.A.
000 Xxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Attention: Xxxxxx Xxxx
9. Security Capital and EquiServe each agree to make such other changes
to the Rights Agreement as reasonably necessary to reflect the addition of
EquiServe as successor Rights Agent.
10. This First Amendment shall be effective as of October 31, 2001
11. Except as amended hereby, the Rights Agreement and all exhibits thereto
shall remain in full force and effect.
12. This First Amendment may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which taken together shall
constitute one and the same agreement, it being understood that all of the
parties need not sign the same counterpart.
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IN WITNESS HEREOF, the parties hereto have caused this Amendment to be executed
in their names and on their behalf by and through their duly authorized
officers, as of this 31st day of October, 2001.
SECURITY CAPITAL GROUP INCORPORATED
By: ______________________________
Name:
Title:
THE FIRST NATIONAL BANK OF BOSTON
By: ______________________________
Name:
Title:
EQUISERVE TRUST COMPANY, N.A.
By: ______________________________
Name:
Title:
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