Exhibit 4.4
AMENDMENT NO. 1 TO RIGHTS AGREEMENT
This Amendment No. 1 (the "Amendment") to the Rights Agreement (the
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"Rights Agreement") dated November 2, 1998 is made and entered into this 6th day
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of December, 2001 by and between XXXXXXX SHOE COMPANY INC., a Delaware
corporation (the "Company"), and EQUISERVE TRUST COMPANY, N.A.], a [__________]
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corporation (the "Rights Agent"). Capitalized terms not otherwise defined herein
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shall have the meanings given them in the Rights Agreement.
RECITALS
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WHEREAS, Section 27 of the Rights Agreement provides that the Board of
Directors of the Company (the "Board") may, from time to time, without the
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approval of any holders of Rights, supplement or amend any provision of the
Rights Agreement and direct the Rights Agent so to supplement or amend such
provision;
WHEREAS, the Board believes that it is in the best interest of the
Company to amend the Rights Agreement to appoint Equiserve Trust Company, N.A.
as the Rights Agent as described in the Rights Agreement;
AGREEMENT
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NOW, THEREFORE, in consideration of the premises and mutual agreements
set forth herein, the parties hereto agree to amend the Rights Agreement as
follows:
1. Amendment.
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A. Section 21 of the Rights Agreement is hereby amended and
restated in its entirety as follows:
Change of Rights Agent. The Rights Agent or any successor Rights Agent
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may resign and be discharged from its duties under this Agreement upon
30 days' notice in writing mailed to the Company and to each transfer
agent of the Common Shares or Preferred shares by registered or
certified mail and to the holders of the Right Certificates by
first-class mail. The Company 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 Common Shares and Preferred Shares by registered
or certified mail, and to the holders of the Right Certificates by
first-class mail. If the Rights Agent shall resign or be removed or
shall otherwise become incapable of acting as such, the Company shall
appoint a successor to the Rights Agent. If the Company 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
Company), then the Company shall become the Rights Agent and the
registered holder of any Right Certificate may apply to any court of
competent jurisdiction for the appointment of a new Rights Agent. Any
successor Rights Agent, whether
Exhibit 4.4
appointed by the Company or by such a court, shall be a corporation or
trust company organized and doing business under the laws of the United
States, in good standing, that 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 of this
Agreement and so that the successor Rights Agent may appropriately act
as Rights Agent hereunder. Not later than the effective date of any
such appointment the Company shall file notice thereof in writing with
the predecessor Rights Agent and each transfer agent of the Common
Shares and Preferred Shares, and mail a notice thereof in writing to
the registered holders of the Right 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.
2. Ratification. Except as expressly amended hereby, the Rights
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Agreement shall continue in full force and effect in accordance with its terms,
without any waiver, amendment or other modification of any provision thereof.
3. Governing Law. The Company and the Rights Agent agree that
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the interpretation, validity, construction, and performance of this Amendment
shall be governed by the laws of the State of Delaware without regard to its
principles of conflicts of laws.
4. Counterparts. This Agreement may be executed in any number of
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counterparts and each such counterpart shall for all purposes be deemed to be an
original and all such counterparts shall together constitute but one and the
same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of December 6, 2001.
XXXXXXX SHOE COMPANY INC. EQUISERVE TRUST COMPANY, N.A.
By: By: /s/
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Name: Xxxxx X. Xxxxxxxx Name:
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Title: Chief Operating Officer and Title:
Executive Vice President
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