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                                                                     EXHIBIT 4.2

                                            Rights Certificate Number: _________
                                                     Number of Rights: _________

                            WEBFINANCIAL CORPORATION

                         SUBSCRIPTION RIGHTS CERTIFICATE

        Evidencing Subscription Rights to Purchase Shares of Common Stock
                           of WebFinancial Corporation
                       Subscription Price: $____ per Share

              THE SUBSCRIPTION RIGHTS WILL EXPIRE IF NOT EXERCISED
        ON OR BEFORE 5:00 P.M., NEW YORK CITY TIME, ON __________, 2003,
                         UNLESS EXTENDED BY THE COMPANY

Dear Stockholder:

            As the  registered  owner of this  Rights  Certificate,  you are the
owner of the number of subscription rights shown above. You have been issued, at
no charge,  one subscription  right for each share of common stock that you held
on _______, 2003. The subscription rights entitle you to subscribe for shares of
common  stock,  par value $0.001 per share,  of  WebFinancial  Corporation  (the
"Company").  Each  subscription  right will  entitle the holder to purchase  ___
shares  of  our  common  stock  (the  "Basic  Subscription  Privilege")  at  the
subscription  price  of $____  per  share  (the  "Subscription  Price").  If you
subscribe  for all of the shares  available  pursuant to the Basic  Subscription
Privilege,  you are also entitled to subscribe for additional shares (subject to
pro-ration) at the Subscription Price (the "Over-Subscription Privilege"). For a
more complete  description  of the terms and  conditions  of these  subscription
rights, please refer to the Prospectus and the "Instructions as to Use of Rights
Certificates" accompanying this Rights Certificate.

                 THESE SUBSCRIPTION RIGHTS ARE NON-TRANSFERABLE.

You have four choices:

1.    You can  subscribe for all of the shares  underlying  the number of rights
      listed at the top of this page;

2.    You can subscribe for less than all of the shares underlying the number of
      rights listed  above,  and allow the rest of your  subscription  rights to
      expire;

3.    If you  have  subscribed  for all of such  shares  (exercised  your  Basic
      Subscription   Privilege  in  full),  then  you  can  also  subscribe  for
      additional  shares of common stock,  subject to an  allocation  process as
      described in the Prospectus; or

4.    If you do not  want  to  purchase  any  shares,  you  can  disregard  this
      material.

To subscribe for any number of shares, full payment of the Subscription Price is
required for each share of common stock you are subscribing for (including under
the Over-Subscription  Privilege).  You must complete pages 3 and 4 of this form
to subscribe for new shares.

Date: ________________, 2003

                                          WEBFINANCIAL CORPORATION

                                          By: _________________________________
                                              Name:
                                              Title:

                                       2

                     DELIVERY OPTIONS FOR RIGHTS CERTIFICATE

              For delivery by mail, hand or overnight courier to:

                                _________________
                                _________________
                                _________________
                                _________________

Delivery  other  than in the  manner or to the  address  listed  above  will not
constitute valid delivery.

                PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY.

If you  wish  to  subscribe  for  shares  pursuant  to your  Basic  Subscription
Privilege in full or a portion thereof:

I subscribe for ____________ shares    x  $____   =     $______________________
                                                               (Line 1)

If you  subscribed  for your Basic  Subscription  Privilege  in full and wish to
subscribe for additional shares pursuant to the Over-Subscription Privilege:

I subscribe for ____________ shares    x  $____   =     $______________________
                                                               (Line 2)

Total amount of payment enclosed (sum of line 1 and line 2): $__________________

I acknowledge that I have received the Prospectus for this offering and I hereby
irrevocably  subscribe for the number of shares indicated above on the terms and
conditions specified in the Prospectus.

______________________________________________
Signature(s)

IMPORTANT:  The signature(s)  must correspond with the name(s) as printed on the
reverse of this Subscription  Rights  Certificate in every  particular,  without
alteration or enlargement, or any other change whatsoever.

If you wish to have your shares delivered to an address other than that shown on
front,  your signature must be guaranteed by an eligible  guarantor  institution
(bank, stock broker, savings & loan association or credit union) with membership
in an approved signature  guarantee medallion program pursuant to Securities and
Exchange Commission Rule 17Ad-15.

Signature Guaranteed: __________________________________________________________
                             (Name of Bank or Firm)

                      __________________________________________________________
                             (Signature of Officer)

         FOR INSTRUCTIONS ON THE USE OF THE RIGHTS CERTIFICATES, CONSULT
                       ________________, AT ____________.

                                       3

                          Method of Payment (Check One)

/ /      Uncertified personal check, payable to "_____________,  as Subscription
         Agent." Please note that funds paid by  uncertified  personal check may
         take at least five  business days to clear.  Accordingly,  subscription
         rights  holders  who  wish to pay the  purchase  price  by  means of an
         uncertified  personal check are urged to make payment  sufficiently  in
         advance of the expiration  date to ensure that such payment is received
         and clears by the expiration date, and are urged to consider payment by
         means of a  certified  or bank check,  money order or wire  transfer of
         immediately available funds.

/ /      Certified  check or bank  check  drawn on a U.S.  bank or money  order,
         payable to "____________________, as Subscription Agent."

/ /      Wire transfer of  immediately  available  funds directed to the account
         maintained by _____________________ at:

                             ______________________
                             ______________________
               Account Name: ______________________

            If the amount  enclosed or  transmitted is not sufficient to pay the
purchase price for all shares of common stock that are subscribed for, or if the
number of shares of common  stock being  subscribed  for is not  specified,  the
number of  shares  of common  stock  subscribed  for will be  assumed  to be the
maximum number that could be subscribed for upon payment of such amount.  If the
amount  enclosed or  transmitted  exceeds the  purchase  price for all shares of
common stock that the  undersigned has subscribed or  over-subscribed  for (such
excess amount, the "Subscription  Excess"),  the Subscription Agent shall return
the Subscription  Excess to the subscriber without interest or deduction as soon
as practicable after the expiration of the offering.

                                       4Exhibit 10.48

                                    SYMS CORP

                                AMENDMENT TO THE
                              AMENDED AND RESTATED
                  INCENTIVE STOCK OPTION AND APPRECIATION PLAN

     The  first  sentences  of  each of  Sections  3 and 15 of the  Amended  and
Restated  Incentive Stock Option and Appreciation Plan, as amended (the "Plan"),
of Syms  Corp,  a New Jersey  corporation  (the  "Corporation"),  adopted by the
Board, in March 1986, and approved by the stockholders,  in May 1986, as further
amended  by the Board in  November  1987,  as  further  amended in May 1993 upon
approval of both the Board and the stockholders, as further amended in July 2000
upon approval of both the Board and the stockholders, as further amended in July
2003 upon approval of both the Board and the stockholders,  is hereby deleted in
its entirety and the following substituted in lieu thereof:

     3.   TERMS OF THE PLAN.

Subject  to the  provisions  of  Sections  15 and 17,  the Plan  shall  commence
effective as of July 29, 1983,  and options  and/or  stock  appreciation  rights
granted under the Plan must be granted no later than July 28, 2013.

     15.  TERMINATION AND AMENDMENT OF THE PLAN.

     Unless  sooner  terminated,   as  hereinafter  provided,  this  Plan  shall
terminate on July 28, 2013, and no options or stock appreciation rights shall be
granted hereunder after that date.Exhibit 10.49

              SEVENTH AMENDMENT TO REVOLVING CREDIT AGREEMENT AND
                      SECOND AMENDMENT TO PROMISSORY NOTE

     This AMENDMENT is dated as of the 23rd day of July, 2003 and is by and
between FLEET NATIONAL BANK having an office at 750 Walnut Avenue, Cranford, New
Jersey 07016 (the "Bank"), and SYMS CORP., a New Jersey corporation having an
address at One Syms Way, Secaucus, New Jersey 07094 (the "Borrower").

                                   WITNESSETH:

     WHEREAS, the Borrower and the Bank have entered into a Revolving Credit
Agreement dated as of December 1, 1993, as amended by that certain First
Amendment to Revolving Credit Agreement dated as of November 24, 1997, as
further amended by that certain Second Amendment to Revolving Credit Agreement
dated as of May 27, 2000, as further amended by that certain Third Amendment to
Revolving Credit Agreement dated as of November 25, 2000, as further amended by
that certain Fourth Amendment to Revolving Credit Agreement dated as of May 4,
2001, as further amended by that certain Fifth Amendment to Revolving Credit
Agreement dated as of May 3, 2002, and as further amended by that certain Sixth
Amendment to Revolving Credit Agreement and First Amendment to Promissory Note
dated as of August 19, 2002 (as amended, the "Credit Agreement"); and

WHEREAS,  in  connection  with the Credit  Agreement,  the  Borrower  executed a
replacement  promissory  note in favor of the Bank dated May 3, 2002 in the face
amount of $20,000,000 (the "Note"); and

     WHEREAS, the Borrower has requested that the Bank amend, and the Bank has
agreed to amend certain provisions of the Agreement and to amend the maturity of
the Note.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree
as follows:

     1.   DEFINITIONS. Except as otherwise defined herein, terms defined in the
Credit Agreement shall have the same meaning when used herein.

     2.   AMENDMENT TO CREDIT AGREEMENT. The Credit Agreement is hereby amended
as follows:

          (a)  The definition of "Maturity Date" which appears in Section 1.1 is
          amended to read as follows: " `Maturity Date' shall mean October 29,
          2003".

     3.   AMENDMENT TO NOTE. The maturity date of the Note is amended by
replacing the date "May 2, 2003" the first time it appears with the date
"October 29, 2003."

     4.   REPRESENTATIONS AND WARRANTIES. In order to induce the Bank to enter
into this Agreement and amend the Credit Agreement as provided herein, the
Borrower hereby represents and warrants to the Bank that:

          (a)  All of the representations and warranties of the Borrower set
forth in the

<PAGE>

Credit Agreement are true, complete and correct in all material respects on and
as of the date hereof with the same force and effect as if made on and as of the
date hereof and as if set forth at length herein (except that representations
and warranties which are expressly stated to be as of a certain date are true,
complete and correct in all material respects as of such certain date).

          (b)  No Default or Event of Default presently exists and is continuing
on and as of the date hereof.

          (c)  Since the date of the Borrower's most recent financial statements
delivered to the Bank, no material adverse change has occurred in the business,
assets, liabilities, financial condition or results of operations of the
Borrower, and no event has occurred or failed to occur which has had, or
reasonably may be expected to have, a material adverse effect on the business,
assets, liabilities, financial condition or results of operations of the
Borrower.

          (d)  The Borrower has full power and authority to execute, deliver and
perform any action or step which may be necessary to carry out the terms of this
Agreement and all other agreements, documents and instruments executed and
delivered by the Borrower to the Bank concurrently herewith or in connection
herewith (collectively, the "Amendment Documents"); each Amendment Document to
which the Borrower is a party has been duly executed and delivered by the
Borrower and is the legal, valid and binding obligation of the. Borrower
enforceable in accordance with its terms, subject to any applicable bankruptcy,
insolvency, general equity principles or other similar laws affecting the
enforcement of creditor's rights generally.

          (e)  The execution, delivery and performance of the Amendment
Documents will not (i) violate any provision of any existing law, statute, rule,
regulation or ordinance (ii) conflict with, result in a breach of or constitute
a default under (a) any order, judgment, award or decree of any court,
governmental authority, bureau or agency, or (b) any mortgage, indenture, lease,
contract or other agreement or undertaking to which the Borrower is a party or
by which the Borrower or any of its properties or asset~ may be bound, or (iii)
result in the creation or imposition of any lien or other encumbrance upon or
with respect to any property or asset now owned or hereafter acquired by the
Borrower.

          (f)  Except for such filing as may be required under the Securities
Exchange Act of 1934, as amended, which filing (if required) shall be made by
the Borrower as and when required, no consent, license, permit, approval or
authorization of, exemption by, notice to, report to, or registration, filing or
declaration with any person is required in connection with the execution,
delivery, performance or validity of the Amendment Documents or the transactions
contemplated thereby.

     5.   BANK COSTS. The Borrower agrees to reimburse the Bank for all
reasonable costs and expenses, including reasonable counsel fees and
disbursements, incurred by the Bank in connection with the Amendment Documents
and the transactions contemplated therein. If such amounts are not paid within
ten days of the Bank's request therefore, the Borrower hereby authorizes the
Bank to charge the Borrower's account for the amount of such fees and expenses.

     6.   NO CHANGE. Except as expressly set forth herein, all of the terms and
provisions

<PAGE>

of the Credit Agreement shall continue in full force and effect and are hereby
ratified and confirmed in all respects.

     7.   COUNTERPARTS. This Agreement may be executed by the parties hereto in
separate counterparts and all such counterparts taken together shall constitute
one and the same instrument.

     8.   GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of New Jersey.

          IN WITNESS WHEREOF, the Borrower and the Bank have executed this
Agreement as of the date above written.

                                                   FLEET NATIONAL BANK

                                                   By: /s/ Michael J. Lessig
                                                       ---------------------
                                                       Name:  Michael J. Lessig
                                                       Title: AVP

                                                   SYMS CORP.
Attest:  /s/ Ray Siconolfi
         -----------------
             Ray Siconolfi
                                                   By: /s/ Antone F. Moreira
                                                       ---------------------
                                                       Name:  Antone F. Moreira
                                                       Title: VP & CFO

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