Document:

exhibit 4_1 (8k021115)

	
					
	 

Exhibit 4.1

AMENDMENT NO. 2 TO AMENDED AND RESTATED RIGHTS AGREEMENT

THIS AMENDMENT NO. 2 TO AMENDED AND RESTATED RIGHTS AGREEMENT (this “Amendment”) is entered into and dated as of February 11, 2015, by and between Cree, Inc., a North Carolina corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, as Rights Agent (the “Rights Agent”).

WHEREAS, the Company and the Rights Agent are parties to the Amended and Restated Rights Agreement, amended and restated as of April 24, 2012, and further amended by Amendment No. 1 dated as of January 29, 2013 (the “Rights Agreement”), specifying the terms of certain Rights (as defined therein);

WHEREAS, Section 27 of the Rights Agreement authorizes the Company and the Rights Agent to amend the Rights Agreement as contemplated by this Amendment; and

WHEREAS, the Board of Directors of the Company has approved the amendment of the Rights Agreement and the execution and delivery of this Amendment.

NOW, THEREFORE, for good and valuable consideration, the parties hereby agree as follows:

1.    Section 1(a) of the Rights Agreement, the definition of “Acquiring Person,” is hereby amended by deleting Section 1(a) in its entirety and replacing it with the following:

“Acquiring Person” shall mean any Person (as such term is hereinafter defined) who or which, together with all Affiliates (as such term is hereinafter defined) and Associates (as such term is hereinafter defined) of such Person, shall be the Beneficial Owner (as such term is hereinafter defined) of fifteen percent (15%) or more of the shares of Common Stock then outstanding, but shall not include (i) the Company, (ii) any Subsidiary (as such term is hereinafter defined) of the Company, (iii) any employee benefit plan of the Company or of any Subsidiary of the Company, or any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan, (iv) any Person who or which was the Beneficial Owner of 15% or more of the outstanding shares of Common Stock prior to April 24, 2012, the date on which this Agreement was amended and restated (unless such Person would have been a Beneficial Owner of 15% or more of the outstanding shares of Common Stock prior to such date without application of the provisions of clause (iv) of the definition of “Beneficial Owner” below), until such time thereafter as such Person shall become the Beneficial Owner (other than by means of a stock dividend or stock split) of any additional shares of Common Stock while such Person is the Beneficial Owner of 15% or more of the outstanding shares of Common Stock, or (v) any Person who or which, together with all Affiliates and Associates of such Person, is the Beneficial Owner of shares of Common Stock representing less than eighteen percent (18%) of the shares of Common Stock then outstanding, and who or which is entitled to file, and files, a statement on Schedule 13G pursuant to Rule 13d-1(b) or Rule 13d-1(c) of the General Rules and Regulations under the Exchange Act, with respect to the shares of Common Stock Beneficially Owned by such Person (a “13G Investor”);  provided,  however, that a Person who was deemed a 13G Investor shall no longer be deemed a 13G Investor if it files (or becomes subject to an obligation to file) a statement on Schedule 13D pursuant to Rule 13d-1(a), 13d-1(e), 13d-1(f) or 13d-1(g) of the General Rules and Regulations under the Exchange Act, with respect to the shares of Common Stock Beneficially Owned by such Person, and shall be deemed an “Acquiring Person” if it is the Beneficial Owner of 15% or 

more of the shares of Common Stock then outstanding at any point from the time it first files (or becomes subject to an obligation to file) such a statement on Schedule 13D, provided that if at such time such Person’s Beneficial Ownership is not less than 15%, then such Person shall have 60 days from such time to reduce its Beneficial Ownership (together with all Affiliates and Associates of such Person) to below 15% of the shares of Common Stock outstanding before being deemed an “Acquiring Person” but shall be deemed an “Acquiring Person” if after reducing its Beneficial Ownership to below 15% it subsequently becomes the Beneficial Owner of 15% or more of the shares of Common Stock or, if prior to reducing its Beneficial Ownership to below 15%, it increases (or makes any offer or takes any other action that would increase) its Beneficial Ownership of the then-outstanding shares of Common Stock (other than as a result of an acquisition of shares of Common Stock by the Company) above the lowest Beneficial Ownership of such Person at any time during such 60-day period.  Notwithstanding the foregoing, no Person shall become an “Acquiring Person” as the result of an acquisition of Common Stock by the Company which, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by such Person to 15% or more of the Common Stock of the Company then outstanding; provided, however, that if a Person shall become the Beneficial Owner of 15% or more of the shares of Common Stock of the Company then outstanding by reason of such an acquisition by the Company and shall, after such acquisition, become the Beneficial Owner of any additional shares of Common Stock, then such Person shall be deemed to be an “Acquiring Person.” In addition, notwithstanding the foregoing, if the Board of Directors of the Company determines in good faith that a Person who would otherwise be an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph (a), has become such inadvertently, and such Person as promptly as practicable (and in any event within 5 Business Days after being so requested by the Company) divests or enters into an irrevocable commitment satisfactory to the Board as promptly as practicable (and in any event within 5 Business Days or such shorter period as shall be determined by the Board) to divest, and thereafter divests as required by such commitment, a sufficient number of shares of Common Stock so that such Person would no longer be an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph (a) (or, in the case of Derivative Common Stock, such Person terminates the subject Derivative Transaction(s), disposes of the subject derivative security or establishes to the satisfaction of the Board of Directors that such Derivative Common Stock is not held with any intention of changing or influencing control of the Company), then such Person shall not be deemed to be an “Acquiring Person” for any purposes of this Agreement.
    
2.    The second paragraph of Exhibit C to the Amended and Restated Rights Agreement is hereby amended by deleting “fifteen percent (15%)” and replacing it with “fifteen percent (15%) (or eighteen percent (18%) in the case of a 13G Investor, as defined in the Rights Agreement)”.
    
3.    From and after the date hereof, all references in the Rights Agreement to “Agreement” shall mean and refer to the Rights Agreement, as modified by this Amendment, and, except as set forth herein, the Rights Agreement shall remain in full force and effect and shall be otherwise unaffected by this Amendment.  This Amendment shall be deemed to be a contract made under the laws of the State of North Carolina 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 and without regard to conflicts of laws principles.  This Amendment may be executed in any number of counterparts, 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.   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.

2

(Signature Page to Amendment No. 2 to Amended and Restated Rights Agreement)

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

	 
	 
	 

	 
	By:
	/s/ Michael E. McDevitt
	 

	 
	Name:
	Michael E. McDevitt

	 
	Title:
	Executive Vice President and Chief Financial 
Officer

	
				
	 
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC

	 
	 
	 

	 
	By:
	/s/ Paula Caroppoli
	 

	 
	Name:
	Paula Caroppoli

	 
	Title:
	Senior Vice President

3EX-4.2

 Exhibit 4.2 

W-7 
 THIS WARRANT AND THE SHARES
REPRESENTED BY THIS WARRANT ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER PURSUANT TO THE ARTICLES OF THE CORPORATION AND TO THE SHAREHOLDERS’ AGREEMENT OF THE CORPORATION DATED APRIL 14, 2009, AS AMENDED FROM TIME TO TIME. 

THIS WARRANT WILL BE VOID AND OF NO VALUE UNLESS EXERCISED WITHIN THE TIME LIMITS PROVIDED HEREIN. 

KLOX TECHNOLOGIES INC. 

a Corporation incorporated under the laws of Canada 

Warrant for the Purchase of Common Shares 

THIS CERTIFIES that, for value received, FRANCESCO BELLINI (the “Holder”) is the registered holder of 30,460 Common Shares purchase
warrants (the “Warrants”) of KLOX TECHNOLOGIES INC., (the “Corporation”). Each Warrant entitles the Holder, subject to the terms, conditions and adjustments set forth in this warrant certificate (the
“Certificate”), to acquire from the Corporation, at the initial exercise price per Common Share of $5.00 (the “Exercise Price”), one fully paid and non-assessable Common Share (the “Common Shares”) in the
share capital of the Corporation, as constituted on the date hereof. The number of Common Shares which the Holder is entitled to acquire upon exercise of each Warrant is subject to adjustment as hereinafter provided. 

The Warrants are exercisable at any time and from time to time until 5:00 p.m. (Montreal time), on the earlier of (i) October 11, 2016,
(ii) the date upon which the Corporation repays in full and closes its line of credit with the RBC or (iii) the Holder is released by the RBC from its personal guaranty with respect to the Corporation’s line of credit with the RBC
(the “Expiry Time”), in accordance with the terms herein. 
  

	1.	Exercise of Warrants 

  

	 	(a)	 Election to Exercise. The right to purchase Common Shares evidenced by this Certificate may be exercised by the Holder at any time and from
time to time during the period commencing on the date hereof and ending on the Expiry Time, in whole or in part (but each time in portions of no less than the lesser of 10,000 Common Shares or a number equal to the remaining and unexercised
Warrants) and in accordance with the provisions hereof, by delivery of (i) a Subscription Form in the form substantially the same as that attached hereto as Schedule A, properly completed and executed, for the number of Common Shares
therein specified, (ii) payment to the Corporation of the Exercise Price, in cash, certified 

  
 1. 

	 	
cheque or bank draft, in respect of each Warrant exercised and (iii) this Warrant Certificate. The Subscription Form, the Exercise Price and the Warrant Certificate must be received by the
Corporation prior to the Expiry Time at its principal office at 275, Armand-Frappier Blvd., Laval, Quebec, H4V 4A7 Attn: The President, or such other address in Canada as may be notified in writing by the Corporation. 

 

	 	(b)	Exercise. The Corporation shall, on the date it receives a duly executed Subscription Form and payment in full of the Exercise Price (the “Exercise Date”), issue the Common Shares underlying the
Warrants duly exercised (the “Warrant Shares”) as fully paid and non-assessable Common Shares. 

  

	 	(c)	Share Certificates. As promptly as practicable after the Exercise Date, the Corporation shall issue and deliver to the Holder, registered in the name of the Holder, a certificate or certificates for the Warrant
Shares, as well as, upon surrender to the Corporation of this Warrant Certificate, a new warrant certificate containing the same terms and conditions as this Certificate, and representing the remaining and unexercised Warrants. To the extent
permitted by law, such exercise shall be deemed to have been effected immediately prior to 5:00 p.m. (Montreal time) on the Exercise Date, and at such time the rights of the Holder with respect to the Warrants which have been exercised as such shall
cease, and the person in whose name any certificate for Common Shares shall then be issuable upon such exercise shall be deemed to have become the holder of record of the Common Shares represented thereby. 

 

	 	(d)	Fractional Common Shares. No fractional Common Shares shall be issued upon exercise of any Warrant. Therefore, the Holder shall only be entitled to a number of shares equal to the closest lower full number and no
payment nor adjustment shall be made in order to take into account the fraction of Common Share thus rejected. 

  

	 	(e)	Corporate Changes. If any capital reorganization of the share capital of the Corporation, or any consolidation or merger of the Corporation with another corporation, or the sale of all or substantially all of the
Corporation’s assets to another corporation shall be effected in such a way that holders of Common Shares shall be entitled to receive shares, securities or assets with respect to or in exchange for Common Shares, then each unexercised Warrant
shall be adjusted so as to be exercisable for the securities to which the Holder of each unexercised Warrant would have been entitled by reason of such reorganization, consolidation, merger, or sale of all or substantially all of its assets had it
exercised its Warrants prior to such reorganization, consolidation, merger or sale of all or substantially all of its assets and, if need be, new Warrant certificates will be issued accordingly. 

 

	 	(f)	 Subdivision or Consolidation of Common Shares. If and whenever the Corporation shall (i) subdivide or redivide the outstanding Common
Shares into a greater number of shares; (ii) reduce, combine or consolidate the outstanding 

  
 2. 

	 	
Common Shares into a smaller number of shares; or (iii) issue any Common Shares of the Corporation to the holders of all or substantially all of the outstanding Common Shares by way of a
stock dividend, if applicable, the number of Common Shares which may be acquired hereunder in effect on the effective date of such subdivision, redivision, reduction, combination or consolidation or on the record date for such issue of Common Shares
by way of a stock dividend, as the case may be, shall be increased, in the case of the events referred to in (i) and (iii) above, in the proportion which the number of Common Shares outstanding before such subdivision, redivision or
dividend bears to the number of Common Shares outstanding after such subdivision, redivision or dividend, or shall be decreased, in the case of the events referred to in (ii) above, in the proportion which the number of Common Shares
outstanding before such reduction, combination, or consolidation bears to the number of Common Shares outstanding after such reduction, combination or consolidation. Any such issue of Common Shares by way of a stock dividend shall be deemed to have
been made on the record date fixed for such stock dividend for the purpose of calculating the number of outstanding Common Shares under this Subsection. 

  

	 	(g)	Change or Reclassification of Common Shares. In the event the Corporation shall change or reclassify its outstanding Common Shares into a different class of securities, each Warrant shall be adjusted as follows:
the number of the successor class of securities which the Holder shall be entitled to acquire upon the exercise of the Warrants shall be that number of the successor class of securities which a holder of that number of Common Shares subject to each
Warrant immediately prior to the change or reclassification would have been entitled to by reason of such change or reclassification. 

  

	 	(h)	Notice of Adjustment. Upon any adjustment of the number of Common Shares, the Corporation shall give written notice thereof to the Holder, which notice shall state the number of Common Shares or other securities
subject to each unexercised Warrant resulting from such adjustment, if any, and shall set forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the written request of the Holder, there shall be
transmitted promptly to the Holder a statement of the firm of independent accountants retained by the Corporation to the effect that such firm concurs in the Corporation’s calculation of the change or changes. 

 

	 	(i)	Common Shares to be Issued. The Corporation covenants and agrees that all Common Shares issuable upon the exercise of the Warrants will, upon issuance and payment of the Exercise Price, be duly authorized and
issued, fully paid and non-assessable. 

  

	 	(j)	Issuance Charge. The issuance of certificates for Common Shares upon the exercise of each Warrant shall be made without charge to the Holder. 

  
 3. 

	 	(k)	Expiry. At the Expiry Time, all rights under this Warrant in respect of which the right of subscription and purchase provided for has not been exercised will wholly cease and terminate, and this Warrant will be
void and of no effect. 

  

	 	(l)	Voting. This Warrant shall not entitle the Holder to any rights as a shareholder of the Corporation, including voting or dividend rights, until it is exercised in accordance with the terms herein and the Holder
becomes registered as a Shareholder of the Corporation. 

  

	2.	Limitation on Transfer 

  

	 	(a)	The Corporation hereby represents and warrants that it is a “private issuer” as such term is defined in the Regulation 
45-106 respecting prospectus and registration exemptions.

  

	 	(b)	The Warrants, the Warrant Shares, and the common shares issuable upon conversion of the Warrant Shares or any interest therein or portion thereof shall be transferable subject to applicable law, the articles of the
Corporation and the terms and conditions of the Shareholders’ Agreement entered into on April 14, 2009 by and between the Corporation and its shareholders as amended from time to time. 

 

	3.	Replacement 

 Upon receipt of (i) evidence satisfactory to the Corporation of the
loss, theft, destruction or mutilation of this Certificate and (ii) appropriate indemnification of the Corporation by the Holder, the Corporation will issue to the Holder a replacement Warrant Certificate (containing the same terms and
conditions as this Certificate). 
  

	4.	Governing Law 

 The laws of the Province of Quebec and the laws of Canada applicable
therein shall govern this Certificate. 
  

	5.	Successors 

 The rights under this Certificate shall enure to the benefit of and shall be
binding upon the Holder and the Corporation and their respective, legal representatives, successors and assigns. 
  

	6.	No Waiver 

 Nothing in this Certificate shall be construed as limiting the rights granted
to the Holder under the Articles of Incorporation of the Corporation or otherwise. 

  
 4. 

	7.	Notice 

 Any notice required or permitted to be given hereunder shall be in writing and
may be given by mailing the same postage prepaid or delivering the same addressed to the Corporation at: 
 KLOX TECHNOLOGIES INC.

 275, Armand-Frappier Blvd. 

Laval, Québec 
 Canada 

H4V 4A7 
 Attention: The President

 Facsimile No: 1-450-680-4501 

and to the Holder at: 

FRANCESCO BELLINI 
 920,
5th Avenue S.W., # 2501 
 Calgary, Alberta 

Canada 
 T2P 5P6 

Any notice, if delivered, shall be deemed to have been given or made on the date on which it was delivered, or, if mailed, shall be deemed to
have been given on the third Business Day following the day on which it was mailed. Either of the parties hereto may change its address for service from time to time by notice given in accordance with the foregoing. 

 

	8.	Time 

 Time is of the essence of this Agreement and the mere lapse of time shall have the
effects contemplated herein and by law. 
  

	9.	Currency 

 Unless otherwise specified, all references to money amounts are to the lawful
currency of Canada. 
  

	10.	Language 

 The parties hereby confirm their express wish that this Certificate be drawn
up in the English language. Les parties reconnaissent leur volonté expresse que le présent certificat soit redigé en langue anglaise. 

[Remainder of page intentionally left blank, signature page to follow.] 

  
 5. 

 IN WITNESS WHEREOF the Parties hereto intending to be contractually bound, have each caused this Warrant
Certificate to be signed by their respective duly authorized officer. 
 DATED as of June 29, 2012. 

 

			
	KLOX TECHNOLOGIES INC.
	
	 /s/ Lise Hebert

	Name: Lise Hebert
	Title: President and CEO
	
	 /s/ Francesco Bellini

	FRANCESCO BELLINI

 [Signature page to the Warrant] 

  
 6. 

 SCHEDULE A 

SUBSCRIPTION FORM 
  

	 	TO:	KLOX TECHNOLOGIES INC. 

  

	(1)	The undersigned holder of a common share purchase Warrant (the “Warrant”) hereby subscribes for Common Shares referred to in the Warrant (the “Shares”) in the capital of KLOX
TECHNOLOGIES INC. (the “Corporation”) (or such other securities into which the warrant is exercisable) at the Exercise Price (as defined in the Warrant) on the terms and conditions referred to in the Warrant and herewith makes
payment of the purchase price by certified cheque, bank draft or other immediately available funds payable to the order of the Corporation for the said number of Shares. 

 

	(2)	The undersigned hereby irrevocably directs that the said Shares (or such other securities into which the warrant is exercisable) hereby subscribed for be issued, registered and delivered as follows: 

 

					
	 Names in full
	  	 Address in full
	  	 No. of Shares

	 FRANCESCO BELLINI
	  		  	

 DATED this      day of
            , 20    . 
  

	
	  
 FRANCESCO
BELLINI

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