Exhibit 4.2


 





AMENDMENT TO


TAX ASSET PROTECTION PLAN


 


This AMENDMENT TO TAX ASSET PROTECTION PLAN
(this “Amendment”) is dated as of August 5, 2019, by and between BioScrip, Inc., a Delaware corporation (the
“Company”), and American Stock Transfer & Trust Company, LLC, as Rights Agent (the “Rights Agent”).
All capitalized terms used herein and not otherwise defined herein shall have the meaning(s) ascribed to them in that certain Tax
Asset Protection Plan dated as of August 11, 2016, by and between the Company and the Rights Agent (the “TAPP”).


 


RECITALS


 


WHEREAS, the Company and the Rights Agent
are parties to the TAPP; and


 


WHEREAS, pursuant to Section 26 of the TAPP,
the Company and the Rights Agent desire to amend the TAPP as set forth in this Amendment.


 


AGREEMENT


 


NOW, THEREFORE, in consideration of the
promises and the mutual agreements herein set forth, the parties hereto hereby agree as follows:


 


1.                 
Amendment of Section 1(v). The definition of “Final Expiration Date” set forth in Section 1(v) of the
TAPP is hereby amended and restated to read in its entirety as follows:


 


“(w) “Final Expiration Date”
shall mean 12:01 A.M. on August 6, 2019.”


 


2.                 
Amendment of Exhibit B (Form of Rights Certificate). The introductory paragraph of Exhibit B to the TAPP is hereby
deleted and replaced with the following:


 


“NOT EXERCISABLE AFTER 12:01
A.M. on August 6, 2019. THE RIGHTS ARE SUBJECT TO REDEMPTION AND EXCHANGE AT THE OPTION OF THE COMPANY, ON THE TERMS SET
FORTH IN THE TAX ASSET PROTECTION PLAN. UNDER CERTAIN CIRCUMSTANCES AS SET FORTH IN THE TAX ASSET PROTECTION PLAN, RIGHTS THAT
ARE OR WERE BENEFICIALLY OWNED BY AN ACQUIRING PERSON OR ANY AFFILIATE OR ASSOCIATE OF AN ACQUIRING PERSON (AS SUCH TERMS ARE DEFINED
IN THE TAX ASSET PROTECTION PLAN) MAY BECOME NULL AND VOID.”


 


3.                 
Amendment of Exhibit C (Summary of Rights). Exhibit C to the TAPP is hereby amended in that the section titled “Expiration”
is deleted and replaced with the following:


 


“Expiration. The Rights
and the Plan will expire on the earlier of (i) 12:01 A.M. on August 6, 2019, (ii) the time at which the Rights are redeemed pursuant
to the Plan, (iii) the time at which the Rights are exchanged in full pursuant to the Plan, (iv) the effective date of the repeal
of both Section 382 and Section 383 of the Internal Revenue Code, or any successor provisions or replacement provisions, if the
Board determines that the Plan is no longer necessary for the preservation of Tax Benefits or (v) the beginning of a taxable year
of the Company for which the Board determines that the Company has or will have no Tax Benefits.”


 






     


     


    

 


4.                 
Agreement as Amended. The term “Agreement” as used in the TAPP shall be deemed to refer to the TAPP as
amended. Except as set forth herein, the TAPP shall remain in full force and effect and otherwise shall be unaffected hereby, and
each of the Company and the Rights Agent shall continue to be subject to its terms and conditions.


 


5.                 
Severability. 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; provided,
however, that if such excluded terms, provisions, covenants or restrictions shall adversely affect the rights, immunities,
liabilities, duties, responsibilities or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately.


 


6.                 
Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for
all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts made and to be
performed entirely within such State.


 


7.                 
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.
A facsimile or .pdf signature delivered electronically shall constitute an original signature for all purposes.


 


8.                 
Descriptive Headings. Descriptive headings of the several Sections of this Amendment are inserted for convenience
only and shall not control or affect the meaning or construction of any of the provisions hereof.


 


[Signature Page Follow]


 


 




     


     


    


 


IN WITNESS WHEREOF, each of the parties
hereto has caused this Amendment to be duly executed as of the date first above written.


 


 








	 	BIOSCRIP, INC.
	 	 
	 	By:	/s/ Kathryn Stalmack
	 	Name: Kathryn Stalmack
	 	Title: Senior Vice President, General Counsel
	 	 
	 	 
	 	American Stock Transfer & Trust Company, LLC
	 	 
	 	By:	/s/ Michael Legregin
	 	Name: Michael Legregin
	 	Title: Senior Vice President