Document:

Amendment No. 2 to the Rights Agreement, dated as of November 12, 2012

 Exhibit 4.1 
 EXECUTION COPY 
 AMENDMENT NO. 2 TO RIGHTS AGREEMENT

 This Amendment No. 2 to the Rights Agreement, dated as of November 12, 2012 (this
“Amendment”), is made by and between Strategic Hotels & Resorts, Inc., a Maryland corporation (the “Company”), and Computershare Shareowner Services LLC, a New Jersey limited liability company (f/k/a Mellon
Investor Services LLC), as rights agent (the “Rights Agent”), pursuant to the Rights Agreement, dated as of November 14, 2008, as amended on November 24, 2009 (as so amended, the “Rights Agreement”), by
and between the Company and the Rights Agent. Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Rights Agreement. 
 W I T N E S S E T H: 
 WHEREAS, the Company and the Rights Agent
entered into the Rights Agreement and constitute the only parties to the Rights Agreement; 
 WHEREAS, Section 26 of
the Rights Agreement provides that, at any time prior to the Stock Acquisition Date, and subject to certain exceptions set forth therein, a majority of the Board of Directors of the Company may, and the Rights Agent shall if so directed, supplement
or amend any provision of the Rights Agreement; 
 WHEREAS, as of the time immediately prior to the execution of this
Amendment, the Stock Acquisition Date had not occurred; 
 WHEREAS, the Board of Directors of the Company desires to
amend the Rights Agreement in accordance with Section 26 thereof in the manner set forth herein to extend the expiration date of the Rights; and 
 WHEREAS, on November 12, 2012, the Board of Directors approved this Amendment to amend the Rights Agreement in the manner set forth herein and directed that the Rights Agent execute and
deliver this Amendment as provided in the Rights Agreement. 
 NOW, THEREFORE, in consideration of the premises and
mutual agreements set forth in the Rights Agreement and this Amendment, the parties hereby agree as follows: 
  

	1.	Amendment to Definition of Expiration Date. Section 1(u) of the Rights Agreement is hereby amended and restated in its entirety to read as follows:

 “Expiration Date” means the Close of Business on November 30, 2013 or such earlier or
later date determined by a majority of the Board of Directors of the Company in accordance with Section 23(a) or, if any such date is not a Business Day, the next following Business Day. 

 

	2.	Amendment to Definition of Beneficial Owner. Section 1(f) of the Rights Agreement is hereby amended by deleting the word “or” at the end of
subsection (iii) thereof, deleting the period at the end of subsection (iv) thereof and inserting “; or” in lieu thereof and adding a new subsection (v) which shall read as follows: 

 (v) which are the subject of, or the reference securities for, or that underlie, any
Derivative Transaction entered into by or on behalf of such Person or any of such Person’s Affiliates or Associates, with the number of shares of Common Stock or other securities deemed beneficially owned being the notional or other number of
shares of Common Stock or other securities to be acquired or that can be acquired (or any other security that would otherwise be “beneficially owned” by ownership of such security to be acquired or that can be acquired) upon the exercise
or settlement of the Derivative Transaction or are the basis upon which the value or settlement amount of such Derivative Transaction is to be calculated in whole or in part, as determined by the Board of Directors of the Company in its sole
discretion. 
  

	3.	Addition of New Definition of Derivative Transaction. The Rights Agreement is hereby amended by adding a new subsection 1(n) thereof which shall read in its
entirety as follows, all subsequent subsections of Section 1 of the Rights Agreement are renumbered accordingly and all cross-references in the Rights Agreement to such renumbered subsections are changed to refer to such subsections as if
renumbered: 

 “Derivative Transaction” means any derivative transaction entered into by or on
behalf of a Person or any of such Person’s Affiliates or Associates, including any derivative security (including, but not limited to, any “derivative securities” as such term is defined under Rule 16a-1 under the Exchange Act)
acquired by such Person or any of such Person’s Affiliates or Associates, that gives such Person or any of such Person’s Affiliates or Associates the economic equivalent of full or partial ownership of underlying securities due to the fact
that the value of such transaction or security is determined by reference to the value of underlying securities, or that provides to the holder the opportunity, directly or indirectly, to profit or share in any profit derived from any increase in
the value of the underlying security, including, but not limited to, a long convertible security, a long call option and a short put option position, in each case, regardless of whether (i) such interest conveys any voting rights in such
underlying security, (ii) such interest is required to be, or is capable of being, settled through delivery of such underlying security or (iii) transactions hedge the economic effect of such interest. 

 

	4.	Amendment to Definition of Acquiring Person. Section 1(a) of the Rights Agreement is hereby amended by adding the following proviso at the end of the first
sentence thereof: 

 ; provided, however, that any Person who or which otherwise would be an
Acquiring Person prior to the Close of Business on November 12, 2012 solely as a result of giving effect to Section 1(f)(v) of this Agreement shall not be an Acquiring Person solely as a result of giving effect to such subsection;
provided, further, that such Person shall become an Acquiring Person if, following the Close of Business on November 12, 2012, such Person, together with all Affiliates and Associates of such Person, acquires Beneficial Ownership
(after giving effect to Section 1(f)(v) of this Agreement) of additional shares of Common Stock representing one quarter of one percent (0.25%) or more of the Common Stock 

  
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then outstanding (as determined in accordance with this sentence) unless, upon acquiring Beneficial Ownership (after giving effect to Section 1(f)(v) of this Agreement) of such additional
shares of Common Stock, such Person, together with all Affiliates and Associates of such Person, is not then the Beneficial Owner (after giving effect to Section 1(f)(v) of this Agreement) of 20% or more of the Common Stock then outstanding (as
determined in accordance with this sentence). 
  

	5.	Amendment to Form of Rights Certificate. The form of Rights Certificate attached as Exhibit B to the Rights Agreement is hereby amended to replace the phrase
“November 30, 2012 (or such earlier or later Expiration Date as is provided for under the Rights Agreement)” therein with the phrase “November 30, 2013 (or such earlier or later Expiration Date as is provided for under the Rights
Agreement)” in all places where such date originally appears. 

  

	6.	Rights Agreement as Amended; Effective Date. The term “Agreement” or “Rights Agreement” as used in the Rights Agreement shall be deemed to
refer to the Rights Agreement as amended by this Amendment. This Amendment shall be effective as of the Close of Business on the first date written above, as if executed on such date, and except as set forth herein the Rights Agreement shall remain
in full force and effect and otherwise shall be unaffected hereby. 

  

	7.	Direction to Rights Agent; Certification by Officer. By execution of this Amendment by the Company, the Company hereby directs the Rights Agent to execute this
Amendment in its capacity as Rights Agent pursuant to the Rights Agreement and in accordance with the terms of Section 26 of the Rights Agreement. The officer of the Company executing this Amendment on behalf of the Company hereby as an
appropriate officer of the Company certifies on behalf of the Company that this Amendment is in compliance with the terms of Section 26 of the Rights Agreement. For the avoidance of doubt and notwithstanding anything to the contrary set forth
in this Amendment, this Amendment does not affect the Rights Agent’s own rights, duties, obligations or immunities under the Rights Agreement. 

  

	8.	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 holders of Rights
any legal or equitable right, remedy or claim under this Amendment; and this Amendment shall be for the sole and exclusive benefit of the Company, the Rights Agent and the holders of the Rights. 

 

	9.	 Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be valid and enforceable under
applicable law, but if any provision of this Amendment shall be held to be prohibited by or unenforceable under applicable law, (i) such provision shall be applied to accomplish the objectives of the provision as originally written to the
fullest extent permitted by law and (ii) all other provisions of this Amendment shall remain in full force and effect; provided, however, that if such excluded provision shall affect the rights, immunities, duties or obligations
of the Rights Agent, the Rights Agent shall be entitled to resign immediately. No rule of strict 

  
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construction, rule resolving ambiguities against the person who drafted the provision giving rise to such ambiguities or other such rule of interpretation shall be applied against any party with
respect to this Amendment. 
  

	10.	Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws of the State of Maryland without regard to the principles
of conflicts of laws; provided, however, that all provisions regarding the rights, obligations, duties and immunities of the Rights Agent shall be governed by and construed in accordance with, the laws of the State of New York.

  

	11.	Counterparts. This Amendment may be executed in 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. 

  

	12.	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 of this Amendment. 

 [Signature page follows] 

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

			
	STRATEGIC HOTELS & RESORTS, INC.
		
	 By:
	 	/s/ Paula C. Maggio
	 Name:
	 	Paula C. Maggio
	 Title:
	 	EVP, Secretary & General Counsel
	
	 COMPUTERSHARE SHAREOWNER SERVICES
LLC, as Rights Agent

		
	 By:
	 	/s/ Lennie Kaufman
	 Name:
	 	Lennie Kaufman
	 Title:
	 	Regional Manager, Investor Services

 [Signature Page to Rights Agreement Amendment No. 2]Employment Agreement

 Exhibit 10.7A 
 FIRST PACTRUST BANCORP, INC. 
 18500 VON KARMAN AVENUE, SUITE 1100 
 IRVINE, CALIFORNIA 92612 
 September 13,
2012 
 Richard Herrin 
 Executive Vice
President and Chief Administrative Officer 
 First PacTrust Bancorp, Inc. and Pacific Trust Bank 

18500 Von Karman, Suite 1100 
 Irvine, California
92612 
 Re:   Incentive Bonus Award Agreement 
 Dear Richard: 
 This Incentive Bonus Award Agreement (this
“Agreement”) supplements and amends that certain employment agreement dated as of November 17, 2010 (your “Employment Agreement”) between and among you, First PacTrust Bancorp, Inc. (the
“Corporation”), and Pacific Trust Bank (together with the Corporation, the “Company”). Capitalized terms not separately defined herein shall have the meanings ascribed thereto in your Employment Agreement.

 As recognition for your valuable services to the Company, upon execution of this Agreement, the Company is prepared to amend
your Employment Agreement as follows: 
  

	 	•	 	 Commencing effective as of the pay period beginning August 12, 2012, your annualized base salary during the term of your employment with the
Company shall be increased by $20,000 (the “Bonus Increase”) from $250,000 to $270,000 per annum; and 

  

	 	•	 	 Notwithstanding the foregoing increase to your base salary described above, you hereby acknowledge and agree that there shall be no corresponding
increase as a result and to the extent of the Bonus Increase to any severance benefits stated in your Employment Agreement which are calculated with reference to base salary; provided, however, that the Bonus Increase shall be
included for purposes of calculating your severance benefits under the Employment Agreement in the event of a termination of your employment without Cause, or for Good Reason, under Section 10(b) of your Employment Agreement, but only if such
termination occurs within twelve months following a change of control of the Corporation. As used herein, the term “change in control” means the occurrence of any of the following three events: (i) a transaction in which any third
person, including a “group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, shall become the beneficial owner of shares of the Corporation with respect to which 25% or more of the total number of
votes for the election of the Corporation’s Board of Directors may be cast, (ii) as a result of, or in connection with, any cash tender offer, merger or other business combination, sale of assets or contested election, or combination of
the foregoing, the persons who were directors of the Corporation shall cease to constitute a majority of the Corporation’s Board of Directors, or (iii) the stockholders of the Corporation shall approve an agreement providing either for a
transaction in which the Corporation will cease to be an independent publicly owned corporation or for a sale or other disposition of all or substantially all the assets of the Corporation; provided, further,
however, that nothing in this Agreement is intended, nor shall it be interpreted to require that future discretionary increases to your annualized base shall be treated in the same fashion as the Bonus Increase under this Agreement.

 Further, in addition to the Bonus Increase, effective upon your execution of this Agreement,
the Company offers you a one-time recognition bonus in the form of 10,000 shares of restricted stock (“Equity Award”), which shares shall be fully vested as of the date of grant and shall be subject to customary terms and conditions
applicable to such grants under the First PacTrust Bancorp, Inc. Omnibus Incentive Plan. 
 You acknowledge and agree
that this Agreement shall be incorporated into your Employment Agreement and is made in compliance therewith. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to the
principles or rules of conflict of laws to the extent such principles or rules would require or permit the application of the laws of another jurisdiction. This Agreement may be executed in any number of counterparts, any of which may be executed
and transmitted by facsimile or electronically as a .pdf file, and each of which shall be deemed an original of this agreement, and all of which, when taken together, shall be deemed to constitute one and the same instrument. 

This Agreement supersedes all prior negotiations, discussions and correspondence and together with the Employment Agreement constitutes
the entire agreement among the parties with respect to the subject matter hereof. Except as expressly provided in this agreement, all provisions of your Employment Agreement shall remain in full force and effect, and the parties shall continue to
have all their rights and remedies under your Employment Agreement; provided, however, that, to the extent you may assert any claim for damages thereunder based upon facts and circumstances existing on or before the date
hereof, you hereby agree that any damages that may be alleged to arise in connection with such claim shall be reduced by the amount of the Equity Award. 
 In the event of any conflict between the provisions of this Agreement and the provisions contained in your Employment Agreement (as in effect immediately prior to the execution hereof), the provisions of
this Agreement shall control. If any clause, phrase, term, provision or portion of this Agreement or the application thereof to any person or circumstance shall be invalid or unenforceable under any applicable law, such event shall not affect or
render invalid or unenforceable the remainder of the Agreement and shall not affect the application of any clause, phrase, term, provision or portion hereof to other persons or circumstances. Upon a determination that any clause, phrase, term,
provision or portion of this Agreement is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable
manner in order that the agreements contemplated hereby be accomplished as originally contemplated to the greatest extent possible. 

  
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 Please acknowledge your agreement to the terms hereof by signing this agreement as provided
below and returning your signed copy to the Company. With those formalities concluded, we want to thank you for your service and contributions to the Company’s success. 

 

	
	FIRST PACTRUST BANCORP, INC.
	
	 /s/ Steven Sugarman            September 21,
2012

	Steven Sugarman, Co-Chief Executive Officer
	
	PACIFIC TRUST BANK
	
	 /s/ Steven Sugarman            September 21,
2012

	Steven Sugarman, Director

  

			
	Accepted and Agreed:
	
	 Richard Herrin

	Richard Herrin, Executive Vice President and Chief Administrative Officer
		
	Date:	 	 September 18, 2012

  
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