Document:

exv4w1

Exhibit 4.1

AMENDMENT NO. 2 TO PREFERRED STOCK RIGHTS AGREEMENT 

     This Amendment No. 2 to Preferred Stock Rights Agreement (this “Amendment”), dated as of May
12, 2010, between Sybase, Inc., a Delaware corporation (the “Company”), and American Stock Transfer
and Trust Company, as Rights Agent (the “Rights Agent”), amends that certain Preferred Stock Rights
Agreement, dated as of July 31, 2002, as amended by that certain Amendment No. 1 to Preferred Stock
Rights Agreement dated as of February 14, 2005 (as so amended, the “Rights Agreement”).

     The Company and the Rights Agent have heretofore executed and entered into the Rights
Agreement. Pursuant to Section 27 of the Rights Agreement, the Company and the Rights Agent may
from time to time supplement or amend the Rights Agreement in accordance with the provisions of
Section 27 thereof and the Company desires and directs the Rights Agent to so amend the Rights
Agreement. All acts and things necessary to make this Amendment a valid agreement according to its
terms have been done and performed, and the execution and delivery of this Amendment by the Company
and the Rights Agent have been in all respects authorized by the Company and the Rights Agent.

     In consideration of the foregoing premises and mutual agreements set forth in the Rights
Agreement and this Amendment, the parties hereto agree as follows:

     1. Section 1(a) of the Rights Agreement is hereby amended by adding as the final sentence to
the definition of “Acquiring Person” the following:

“Notwithstanding the foregoing, SAP, America, Inc., a Delaware corporation (“Parent”), or
any Affiliate or Associate thereof, including Sheffield Acquisition Corp., a Delaware
corporation and wholly owned subsidiary of Parent (“Purchaser”) or SAP AG, the parent
corporation of Parent, shall not become an “Acquiring Person” as a result of one or more
of (i) the approval, execution or delivery of that certain Agreement and Plan of Merger
dated as of May 12, 2010 (as the same may be amended from time to time, the “Merger
Agreement”), by and among the Company, Parent and Purchaser, including the approval,
execution and delivery of any amendments thereto, (ii) the announcement, commencement and
consummation of the Offer (as such term is defined in the Merger Agreement), (iii) the
consummation of the Merger (as such term is defined in the Merger Agreement), (iv) the
acceptance for payment and purchase or exchange of Common Shares pursuant to the Merger
Agreement, including, without limitation, in connection with the Offer, the Merger or the
exercise of the Top-Up Option (as such term is defined in the Merger Agreement), (v) the
announcement of the Merger Agreement or the Merger (as such term is defined in the Merger
Agreement) or (vi) the announcement or consummation of any other transaction contemplated
by the Merger Agreement.”

     2. Section 1(q) of the Rights Agreement is hereby amended and restated in its entirety to read
as follows:

     ““Final Expiration Date” shall mean the earlier to occur of (i) August 15, 2012 or (ii)
immediately prior to the Effective Time (as such term is defined in the Merger Agreement).”

 

 

     3. Section 1(gg) of the Rights Agreement is further amended by adding as the final sentence
to the definition of “Shares Acquisition Date” the following:

“Notwithstanding anything in the Agreement to the contrary, no Shares Acquisition Date
shall be deemed to have occurred solely as a result of one or more of (i) the approval,
execution or delivery of the Merger Agreement, including the approval, execution and
delivery of any amendments thereto, (ii) the announcement, commencement and consummation
of the Offer (as such term is defined in the Merger Agreement), (iii) the consummation of
the Merger (as such term is defined in the Merger Agreement), (iv) the acceptance for
payment and purchase or exchange of Common Shares pursuant to the Merger Agreement,
including, without limitation, in connection with the Offer, the Merger or the exercise
of the Top-Up Option (as such term is defined in the Merger Agreement), (v) the
announcement of the Merger Agreement or the Merger (as such term is defined in the Merger
Agreement) or (vi) the announcement or consummation of any other transaction contemplated
by the Merger Agreement.”

     3. Section 3(a) of the Rights Agreement is further amended by adding as the final sentence
thereto the following:

“Notwithstanding anything in this Agreement to the contrary, no Distribution Date shall
be deemed to have occurred solely as a result of one or more of (i) the approval,
execution or delivery of the Merger Agreement, including the approval, execution and
delivery of any amendments thereto, (ii) the announcement, commencement and consummation
of the Offer (as such term is defined in the Merger Agreement), (iii) the consummation of
the Merger (as such term is defined in the Merger Agreement), (iv) the acceptance for
payment and purchase or exchange of Common Shares pursuant to the Merger Agreement,
including, without limitation, in connection with the Offer, the Merger or the exercise
of the Top-Up Option (as such term is defined in the Merger Agreement), (v) the
announcement of the Merger Agreement or the Merger (as such term is defined in the Merger
Agreement) or (vi) the announcement or consummation of any other transaction contemplated
by the Merger Agreement.”

     4. Section 7(a) of the Rights Agreement is further amended by adding as the final sentence
thereto the following:

“Notwithstanding anything in this Agreement to the contrary, no Distribution Date shall
be deemed to have occurred solely as a result of one or more of (i) the approval,
execution or delivery of the Merger Agreement, including the approval, execution and
delivery of any amendments thereto, (ii) the announcement, commencement and consummation
of the Offer (as such term is defined in the Merger Agreement), (iii) the consummation of
the Merger (as such term is defined in the Merger Agreement), (iv) the acceptance for
payment and purchase or exchange of Common Shares pursuant to the Merger Agreement,
including, without limitation, in connection with the Offer, the Merger or the exercise
of the Top-Up Option (as such term is defined in the Merger Agreement), (v) the
announcement of the Merger Agreement or the Merger (as such term is defined in the Merger
Agreement) or (vi) the announcement or consummation of any other transaction contemplated
by the Merger Agreement.”

 

 

     5. Section 11(a)(ii) of the Rights Agreement is hereby amended by adding as the final sentence
thereto the following:

“Notwithstanding anything in this Agreement to the contrary, no Triggering Event shall be
deemed to have occurred as a result of one or more of (i) the approval, execution or
delivery of the Merger Agreement, including the approval, execution and delivery of any
amendments thereto, (ii) the announcement, commencement and consummation of the Offer (as
such term is defined in the Merger Agreement), (iii) the consummation of the Merger (as
such term is defined in the Merger Agreement), (iv) the acceptance for payment and
purchase or exchange of Common Shares pursuant to the Merger Agreement, including,
without limitation, in connection with the Offer, the Merger or the exercise of the
Top-Up Option (as such term is defined in the Merger Agreement), (v) the announcement of
the Merger Agreement or the Merger (as such term is defined in the Merger Agreement) or
(vi) the announcement or consummation of any other transaction contemplated by the Merger
Agreement.”

     6. Section 13 of the Rights Agreement is hereby amended by adding as the final sentence
thereto the following:

“Notwithstanding anything in this Agreement to the contrary, no transaction described in clauses
(a)(i), (ii) or (iii) of this Section 13 shall be deemed to have occurred solely as a result of one
or more of (i) the approval, execution or delivery of the Merger Agreement, including the approval,
execution and delivery of any amendments thereto, (ii) the announcement, commencement and
consummation of the Offer (as such term is defined in the Merger Agreement), (iii) the consummation
of the Merger (as such term is defined in the Merger Agreement), (iv) the acceptance for payment
and purchase or exchange of Common Shares pursuant to the Merger Agreement, including, without
limitation, in connection with the Offer, the Merger or the exercise of the Top-Up Option (as such
term is defined in the Merger Agreement), (v) the announcement of the Merger Agreement or the
Merger (as such term is defined in the Merger Agreement) or (vi) the announcement or consummation
of any other transaction contemplated by the Merger Agreement.”

     7. A new Section 35 shall be added and shall read as follows:

“Section 35. Termination. Immediately prior to the Effective Time (as such term
is defined in the Merger Agreement), this Agreement shall be terminated and all
outstanding Rights shall expire.”

     8. Except as expressly amended hereby, the Rights Agreement remains in full force and effect
in accordance with its terms.

     9. This Amendment shall be governed by and construed in accordance with the laws of the State
of Delaware.

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

     11. Except as expressly set forth herein, this Amendment shall not by implication or otherwise
alter, modify, amend or in any way affect any of the terms, conditions, obligations,

 

 

covenants or agreements contained in the Rights Agreement, all of which are ratified and
affirmed in all respects and shall continue in full force and effect.

     12. Capitalized terms used herein but not defined shall have the meanings given to them in the
Rights Agreement.

 

 

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

	 	 	 	 	 
	 	Company:

SYBASE, INC.

 	 
	 	By:  	/s/ Dan Cohen
 	 
	 	 	Name:  	Dan Cohen 	 
	 	 	Title:  	Corporate Counsel and Assistant Secretary 	 
	 
	 	Rights Agent:

AMERICAN STOCK TRANSFER AND 

TRUST COMPANY,

as Rights Agent

 	 
	 	By:  	/s/ Herbert J. Lemmer
 	 
	 	 	Name:  	Herbert J. Lemmer 	 
	 	 	Title:  	Vice PresidentExhibit 10.1

Exhibit 10.1

SEVENTH AMENDMENT TO CREDIT AGREEMENT

THIS SEVENTH AMENDMENT TO CREDIT AGREEMENT, effective as of March 31, 2010 (this
“Amendment”), is among KEITHLEY INSTRUMENTS, INC., an Ohio corporation (the “Company”), Subsidiary
Borrowers (referred to below and collectively with the Company, the “Borrowers”), the banks and
other financial institutions or entities from time to time parties to this Agreement (the
“Lenders”) and JPMORGAN CHASE BANK, N.A., a national banking association, successor by merger with
Bank One, NA, (Main Office Columbus), as Agent for the Lenders (in such capacity the “Agent”).

RECITALS

A. The Company, certain Subsidiary Borrowers party thereto, the Lender party thereto and
Agent are parties to a Credit Agreement, dated as of March 30, 2001 (the “Original Credit
Agreement”), as amended by a First Amendment to Credit Agreement dated as of August 1, 2002, as
amended by a Second Amendment to Credit Agreement dated as of March 28, 2003, as amended by a Third
Amendment to Credit Agreement dated as of March 30, 2004, as amended by a Fourth Amendment to
Credit Agreement dated as of March 30, 2005, as amended by a Fifth Amendment to Credit Agreement
dated as of September 27, 2006, a letter agreement dated March 27, 2008, and the Sixth Amendment to
Credit Agreement effective as of March 31, 2009 (as now and hereafter amended, the “Credit
Agreement”), pursuant to which the Lender agreed, subject to the terms and conditions thereof, to
extend credit to the Borrowers.

B. The Borrowers desire to amend the Credit Agreement and the Agent and the Lender are willing
to do so strictly in accordance with the terms hereof.

TERMS

In consideration of the premises and of the mutual agreements herein contained, the parties
agree as follows:

ARTICLE 1.

AMENDMENTS

Upon fulfillment of the conditions set forth in Article 3 hereof, the Credit Agreement shall
be amended as follows:

1.1 The definition of “Facility Termination Date” shall be deleted in its entirety and the
following shall be substituted in lieu thereof:

“Facility Termination Date” means March 31, 2012, or any earlier date on which the Aggregate
Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof.

 

 

 

1.2 Sections 6.1(i) and (ii) are amended to no longer require consolidating financial
statements. All other requirements regarding the delivery of financial statements set forth in
Sections 6.1(i) and (ii) remain in full force and effect.

ARTICLE 2.

REPRESENTATIONS

Each Borrower represents and warrants to the Agent and the Lender that:

2.1 The execution, delivery and performance of this Amendment is within its powers, has been
duly authorized and is not in contravention with any law, of the terms of its Articles of
Incorporation or By-laws, or any undertaking to which it is a party or by which it is bound.

2.2 This Amendment is the legal, valid and binding obligation of the Borrower enforceable
against it in accordance with the terms hereof.

2.3 After giving effect to the amendments herein contained, the representations and warranties
contained in Article V of the Credit Agreement are true on and as of the date hereof with the same
force and effect as if made on and as of the date hereof.

2.4 No Default or Unmatured Default exists or has occurred and is continuing on the date
hereof.

2.5 The terms and conditions of all prior amendments, including side letters to the Credit
Agreement are in full force and effect and adopted by each Borrower.

ARTICLE 3.

CONDITIONS OF EFFECTIVENESS

This Amendment shall not become effective until each of the following has been satisfied:

3.1 This Amendment shall be signed by each Borrower, the Agent and the Lender.

ARTICLE 4.

MISCELLANEOUS.

4.1 References in the Credit Agreement or in any note, certificate, instrument or other
document to the “Credit Agreement” shall be deemed to be references to the Credit Agreement as
amended hereby and as further amended from time to time.

4.2 The Company agrees to pay and to save the Agent harmless for the payment of all costs and
expenses arising in connection with this Amendment, including the reasonable fees of counsel to the
Agent in connection with preparing this Amendment and the related documents.

 

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4.3 Each Borrower acknowledges and agrees that the Agent and the Lender have fully performed
all of their obligations under all documents executed in connection with the Credit Agreement and
all actions taken by the Agent and the Lender are reasonable and appropriate under the
circumstances and within their rights under the Credit Agreement and all other documents executed
in connection therewith and otherwise available. Each Borrower represents and warrants that it is
not aware of any claims or causes of action against the Agent or any Lender, any participant lender
or any of their successors or assigns.

4.4 Except as expressly amended hereby, each Borrower agrees that the Credit Agreement and all
other Loan Documents are ratified and confirmed and shall remain in full force and effect and that
it has no set off, counterclaim or defense with respect to any of the foregoing. Terms used but
not defined herein shall have the respective meanings ascribed thereto in the Credit Agreement.

4.5 This Amendment may be signed upon any number of counterparts with the same effect as if
the signatures thereto and hereto were upon the same instrument.

IN WITNESS WHEREOF, the parties signing this Amendment have caused this Amendment to be
executed and delivered as of March 31, 2010.

	 	 	 	 	 
	 	KEITHLEY INSTRUMENTS, INC.

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Sr. Vice President & Chief Financial Officer	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS GmbH

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS SARL

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 

 

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	 	KEITHLEY INSTRUMENTS LTD.

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS SRL

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS BV

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS SA

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS KK

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 
	 	KEITHLEY INSTRUMENTS INTERNATIONAL CORP.

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Director / Secretary Treasurer 	 

 

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	 	KEITHLEY INVESTMENTS SDN BHD

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Director 	 
	 	 	 	 
	 	KEITHLEY (BEIJING) MEASUREMENT
INSTRUMENTS CO., LTD

 	 
	 	By:  	/s/ Mark J. Plush
 	 
	 	 	Its: Director 	 
	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., successor by merger with
Bank One, NA (Main Office Columbus), as Agent, LC
Issuer and Lender

 	 
	 	By:  	/s/ Maribeth Echan
 	 
	 	 	Its: Assistant Vice President 	 
	 	 	 	 
	 	J.P. MORGAN EUROPE LIMITED

 	 
	 	By:  	/s/ Alastair Stevenson
 	 
	 	 	Its: Managing Director 	 
	 	 	 	 

 

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