EXHIBIT 10.2

 

AMENDMENT NO. 1, DATED MARCH 21, 2005, TO COMMON STOCK RIGHTS

AGREEMENT, DATED NOVEMBER 29, 2001 BETWEEN MYKROLIS CORPORATION

AND EQUISERVE TRUST COMPANY N.A. AS RIGHTS AGENT

 

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AMENDMENT NO. 1 TO

THE COMMON STOCK RIGHTS AGREEMENT

BETWEEN

MYKROLIS CORPORATION

AND

EQUISERVE TRUST COMPANY, N.A.

 

This AMENDMENT NO. 1 TO THE COMMON STOCK RIGHTS AGREEMENT (this “Amendment”) is
made as of March [    ], 2005, between Mykrolis Corporation, a Delaware
corporation (the “Company”), and EquiServe Trust Company, N.A. (the “Rights
Agent”).

 

WHEREAS, the Company and the Rights Agent are parties to that certain Common
Stock Rights Agreement dated as of November 29, 2001 (the “Agreement”);

 

WHEREAS, the Company is entering into an Agreement and Plan of Merger (as the
same may be amended from time to time, the “Merger Agreement”), among the
Company, Entegris, Inc., a Minnesota corporation (“Entegris”), and Entegris
Delaware, a Delaware corporation and a wholly-owned subsidiary of Entegris
(“Entegris Delaware”), pursuant to which, following a reincorporation of
Entegris in the State of Delaware through the merger of Entegris with and
intoEntegris Delaware, the Company will merge (the “Merger”) with and
intoEntegris Delaware, and the former stockholders of the Company will receive
shares of common stock of Entegris Delaware;

 

WHEREAS, the Board of Directors of the Company has approved the Merger Agreement
and the Merger and determined that an amendment to the Agreement as set forth
herein is necessary and desirable in connection with the execution and delivery
of the Merger Agreement, and the Company and the Rights Agent desire to evidence
such amendment in writing;

 

WHEREAS, pursuant to Section 27 of the Agreement, the Board of Directors of the
Company has approved this Amendment and authorized its appropriate officers to
execute and deliver the same to the Rights Agent.

 

NOW, THEREFORE, in accordance with the procedures for amendment of the Agreement
set forth in Section 27 thereof, and in consideration of the foregoing and the
mutual agreements herein set forth, the parties hereby agree as follows:

 

Defined Terms. Capitalized terms that are not otherwise defined herein shall
have the meanings ascribed to them in the Agreement.

 

Amendment of Section 1(a). The definition of “Acquiring Person” set forth in
Section 1(a) of the Agreement is hereby amended by adding the following sentence
to the end of that definition:

 

“Notwithstanding anything in this Agreement to the contrary, no Person party to
the Merger Agreement or any of their respective Affiliates shall be or become an
Acquiring Person by reason of (i) the execution and delivery of Merger Agreement
or any amendment thereto, (ii) the acquisition of Common Stock or other

 

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capital stock of the Company pursuant to the Merger Agreement or the
consummation of the Merger, or (iii) the consummation of any other transaction
contemplated by the Merger Agreement.”

 

Amendment of Section 1(g). The definition of “Common Stock Event” in Section
1(g) of the Agreement is hereby amended by adding the following sentence to the
end of that definition:

 

“Notwithstanding anything in this Agreement to the contrary, a Common Stock
Event shall not be deemed to have occurred by reason of (i) the execution and
delivery of the Merger Agreement or any amendment thereto, (ii) the acquisition
of Common Stock or other capital stock of the Company pursuant to the Merger
Agreement or the consummation of the Merger, or (iii) the consummation of any
other transaction contemplated by the Merger Agreement.”

 

Amendment of Section 1(j). The definition of “Distribution Date” in Section 1(j)
of the Agreement is hereby amended by adding the following proviso to the end of
that definition:

 

“; provided, however, that a Distribution Date shall not be deemed to have
occurred by reason of (i) the execution and delivery of the Merger Agreement or
any amendment thereto, (ii) the acquisition of Common Stock or other capital
stock of the Company pursuant to the Merger Agreement or the consummation of the
Merger or (iii) the consummation of any other transaction contemplated by the
Merger Agreement.”

 

Amendment of Section 1. Section 1 of the Agreement is hereby further amended by
adding the following subparagraphs at the end thereof:

 

  “(p) The terms “Amendment” shall mean Amendment No. 1 to the Agreement dated
as of March 21, 2005 between the Company and the Rights Agent.

 

  (q) The term “Entegris” shall have the meaning set forth in Section 35 hereof.

 

  (r) The term “Entegris Delaware” shall have the meaning set forth in Section
35 hereof.

 

  (s) The term “Merger” shall have the meaning set forth in the Merger
Agreement.

 

  (t) The term “Merger Agreement” shall have the meaning set forth in Section 35
hereof.”

 

Amendment of Section 3(a). Section 3(a) of the Agreement is hereby amended by
adding the following sentence at the end thereof:

 

“Notwithstanding anything in this Agreement to the contrary, a Distribution Date
shall not be deemed to have occurred by reason

 

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of (i) the execution and delivery of the Merger Agreement or any amendment
thereto, (ii) the acquisition of Common Stock or other capital stock of the
Company pursuant to the Merger Agreement or the consummation of the Merger, or
(iii) the consummation of any other transaction contemplated by the Merger
Agreement.”

 

Amendment of Section 7(a). Section 7(a) of the Agreement is hereby amended by
deleting the first sentence thereof and replacing such deleted sentence with the
following sentence:

 

“Except as otherwise provided herein, the registered holder of any Right
Certificate may exercise the Rights evidenced thereby in whole or in part at any
time from and after the Distribution Date and at or prior to the earlier of (i)
the close of business on March 26, 2011, or (ii) the moment in time immediately
prior to the Effective Time (as such term is defined in the Merger Agreement)
(the earliest to occur of the events described in clauses (i) and (ii) of this
Section 7(a) shall be referred to as the “Expiration Date”) (or the earlier
redemption of the Rights).”

 

Amendment of Section 11(a)(ii). Section 11(a)(ii) of the Agreement is hereby
amended by adding the following sentence to the end thereof:

 

“Notwithstanding anything in this Agreement to the contrary, none of (i) the
execution and delivery of the Merger Agreement or any amendment thereto, (ii)
the acquisition of Common Stock or other capital stock of the Company pursuant
to the Merger Agreement or the consummation of the Merger, or (iii) the
consummation of any other transaction contemplated by the Merger Agreement shall
be deemed to be an event of the type described in this Section 11(a)(ii) or to
cause the Rights to be adjusted or to become exercisable in accordance with this
Section 11 or otherwise.”

 

Amendment of Section 13. Section 13 of the Agreement is hereby amended by adding
the following sentence to the end thereof:

 

“Notwithstanding anything in this Agreement to the contrary, none of (i) the
execution and delivery of the Merger Agreement or any amendment thereto, (ii)
the acquisition of Common Stock or other capital stock of the Company pursuant
to the Merger Agreement or the consummation of the Merger, or (iii) the
consummation of any other transaction contemplated by the Merger Agreement shall
be deemed to be an event of the type described in this Section 13 or to cause
the Rights to be adjusted or to become exercisable in accordance with this
Section 13 or otherwise.”

 

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Addition of Section 35. The Agreement is hereby further modified, supplemented
and amended by adding the following new Section 35:

 

“SECTION 35. MERGER WITH ENTEGRIS DELAWARE.

 

The Company, Entegris, Inc., a Minnesota corporation (“Entegris”), and Entegris
Delaware, a Delaware corporation and a wholly-owned subsidiary of Entegris
(“Entegris Delaware”), have entered into an Agreement and Plan of Merger, dated
as of March 21, 2005 as it may be amended from time to time (the “Merger
Agreement”), pursuant to which, following a reincorporation of Entegris in the
State of Delaware through the merger of Entegris with and into Entegris
Delaware, the Company will merge (the “Merger”) with and into Entegris Delaware,
and the former stockholders of the Company will receive shares of common stock
of Entegris Delaware. Notwithstanding anything in this Agreement to the
contrary, if the Merger Agreement shall be terminated for any reason, then all
of the amendments to this Agreement effected by the Amendment shall be deemed
repealed and deleted without any further action on the part of the Company or
the Rights Agent.”

 

Effectiveness. This Amendment shall be deemed effective as of the date first
written above, as if executed on such date. The Agreement, as amended by this
Amendment, shall remain in full force and effect in accordance with its terms
and shall be otherwise unaffected hereby.

 

Successors. All the covenants and provisions of this Amendment by or for the
benefit of the Company or the Rights Agent shall bind and inure to the benefit
of their respective successors and assigns hereunder.

 

Benefits of this Amendment. Nothing in this Amendment shall be construed to give
to any Person other than the Company, the Rights Agent and the registered
holders of the Right Certificates (and, prior to the Distribution Date, the
associated shares of Common Stock) any legal or equitable right, remedy or claim
under this Amendment or the Rights; but this Amendment shall be for the sole and
exclusive benefit of the Company, the Rights Agent and the registered holders of
the Rights (and, prior to the Distribution Date, the associated Common Stock).

 

Severability. The invalidity or unenforceability of any term or provision hereof
shall not affect the validity or enforceability of any other term or provision
hereof. If any term, provision, covenant or restriction of this Amendment is
held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Amendment shall remain in full force and effect and shall
in no way be affected, impaired or invalidated.

 

Governing Law. This Amendment shall be deemed to be a contract made under the
laws of the Commonwealth of Massachusetts and for all purposes shall be governed
by and construed in accordance with the laws of said Commonwealth applicable to
contracts to be made and performed entirely within said Commonwealth.

 

Counterparts. This Amendment may be executed in any number of counterparts and
each of such counterparts shall for all purposes be deemed to be an original,
and all such counterparts shall together constitute but one and the same
instrument.

 

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the
Agreement to be duly executed, all as of the date and year first above written.

 

MYKROLIS CORPORATION By:  

/s/ Peter W. Walcott

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Name:   Peter W. Walcott Title:   Vice President & General Counsel EQUISERVE
TRUST COMPANY, N.A. By:  

/s/ Carol Mulvey-Eori

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Name:   Carol Mulvey-Eori Title:   Managing Director

 

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