Document:

Exhibit 10.1

June 2, 2000

Hoffmann-La Roche Inc.
340 Kingsland Street
Nutley, New Jersey 07110
Attn:   Mr. Georges Gemayel
Vice President, Specialty
Business Operations

Re:     Amendment of Amended and Restated Agreement

Dear Mr. Gemayel:

The purpose of this letter is to amend certain provisions of the Amended
and Restated Agreement (the "Agreement") dated October 20, 1999 among
Hoffmann-La Roche Inc., F. Hoffmann-La Roche Ltd and Protein Design
Labs, Inc.  Capitalized terms used in this letter have the meanings
given to them in the Agreement.  This letter amendment pertains to the
manufacture and supply of Daclizumab for clinical and formulation
development under Section 3C.1 of the Agreement.

A.  Right to Manufacture.  Roche and PDL agree that PDL shall have the
right to manufacture Daclizumab to provide clinical and development
supplies in addition to the supply to be provided by Roche under Section
3C.1.  Accordingly:

1.      The second paragraph of Section 1.14 is amended to read as
follows:

"Roche Know-How shall also include all Daclizumab Know-How
which is rightfully held by Roche or its Affiliates as of the
Signing Date, or which is developed or acquired by Roche or its
Affiliates with the right to license or sublicense during the
term of this Amended and Restated Agreement, and which
Daclizumab Know-How is reasonably required or useful for
manufacturing Daclizumab."

2.      Section 2.3 is amended to add a new sentence following the
first sentence, which shall read as follows:

"In addition, Roche grants to PDL and to PDL's Affiliates
nonexclusive rights to the Roche Know-How, Roche Patents, PDL
Know-How, and PDL Patents to the extent reasonably required or useful to make and have
made Daclizumab in the Territory for the sole purpose of
conducting development and seeking registration of Daclizumab
in Autoimmune Indications as contemplated by this Amended and
Restated Agreement."

3.      The first sentence of Section 3C.1(a) is amended to delete the
word "exclusively".

4.      Roche will deliver to PDL within thirty (30) days after the
date of this letter amendment (or, with respect to item 2 on
Exhibit A1, as soon as available) the items listed in Exhibit
A1 to this letter

Right to Roll-Over Supplies.

[CONFIDENTIAL TREATMENT REQUESTED]

If the foregoing amendments are acceptable to Roche, please have the
enclosed copies of this letter amendment signed and have one fully
signed copy returned to me.  Thank you.

Sincerely,

PROTEIN DESIGN LABS, INC.

By:  _________________________
Douglas O. Ebersole
Senior Vice President, Legal
and Licensing

The foregoing amendment of the Agreement is hereby accepted and agreed
to, effective as of the above date of this letter amendment.

HOFFMANN-LA ROCHE INC.                          F. HOFFMANN-LA ROCHE LTD.

By:                                             By:

Title:                                          Title:

Exhibit A1

[CONFIDENTIAL TREATMENT REQUESTED]

Note:   PDL is not initially requesting documents included in the Roche
Know-How for the purposes of PDL conducting process development and
manufacturing of Daclizumab.  If such information later becomes
necessary, PDL will notify Roche. Roche shall have no liability to PDL
if despite Roche's commercially reasonable efforts, it is unable to
locate any such Roche Know-How.

Mr. Georges Gemayel             CONFIDENTIAL

June 2, 2000            TREATMENT - EDITED COPIES

Page 3

CONFIDENTIAL

TREATMENT - EDITED COPIESRIGHTS

RIGHTS AGREEMENT

This Rights Agreement ("Agreement"), dated as of June 1, 2000, between Walker Interactive
Systems, Inc., a Delaware corporation (the "Company"), and Fleet National Bank, a National Banking Association
("Rights Agent").

The Board of Directors of the Company has authorized and declared a dividend of one preferred share purchase right
(a "Right") for each Common Share (as such term is hereinafter defined) outstanding at the close of business on June 22,
2000 (the "Record Date"), each Right representing the right to purchase one one-hundredth of a Preferred Share (as such
term is hereinafter defined), upon the terms and subject to the conditions herein set forth, and has further authorized and directed
the issuance of one Right with respect to each Common Share that shall become outstanding between the Record Date and the earliest to
occur of the Distribution Date, the Redemption Date and the Final Expiration Date (as such terms are hereinafter defined);
provided, however, that Rights may be issued with respect to Common Shares that shall become outstanding after the
Distribution Date and prior to the earlier of the Redemption Date and the Final Expiration Date in accordance with the provisions of
Section 22 hereof.

Accordingly, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree
as follows:

	Certain Definitions.  For purposes of this Agreement, the following terms
have the meanings indicated:

	"Acquiring Person" shall mean any Person (as such term is hereinafter defined) who or which,
together with all Affiliates and Associates (as such terms are hereinafter defined) of such Person, shall be the Beneficial Owner (as
such term is hereinafter defined) of 15% or more of the Common Shares then outstanding.  Notwithstanding the foregoing, (A) the term
Acquiring Person shall not include (i) the Company, (ii) any Subsidiary (as such term is hereinafter defined) of the Company, (iii)
any employee benefit or compensation plan of the Company or any Subsidiary of the Company or (iv) any entity holding Common Shares
for or pursuant to the terms of any such employee benefit or compensation plan and (B) no Person shall become an "Acquiring
Person" either (x) as the result of an acquisition of Common Shares 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 Shares then
outstanding; provided, however, that if a Person shall become the Beneficial Owner of 15% or more of the Common Shares then
outstanding by reason of share purchases by the Company and shall, following written notice from, or public disclosure by the Company
of such share purchases by the Company, become the Beneficial Owner of any additional Common Shares without the prior consent of the
Company and shall then Beneficially Own more than 15% of the Common Shares then outstanding, then such Person shall be deemed to be
an "Acquiring Person," or (y) if the Board of Directors 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 divests, as promptly as practicable (as determined in good faith by the Board of Directors), but in any event within
fifteen Business Days, following receipt of written notice from the Company of such event, of Beneficial Ownership of a sufficient
number of Common Shares so that such Person would no longer be an Acquiring Person, as defined pursuant to the foregoing provisions
of this paragraph (a), then such Person shall not be deemed to be an "Acquiring Person" for any purposes of this Agreement;
provided, however, that if such Person shall again become the Beneficial Owner of 15% or more of the Common Shares then
outstanding, such Person shall be deemed an "Acquiring Person," subject to the exceptions set forth in this Section
1(a).

	"Affiliate" and "Associate" shall have the respective meanings ascribed to
such terms in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), as in effect on the date of this Agreement.

	A Person shall be deemed the "Beneficial Owner" of and shall be deemed to "beneficially
own" any securities:

	which such Person or any of such Person's Affiliates or Associates is deemed to beneficially own, within the
meaning of Rule 13d-3 of the General Rules and Regulations under the Exchange Act as in effect on the date of this Rights
Agreement;

	which such Person or any of such Person's Affiliates or Associates has (A) the right to acquire (whether such
right is exercisable immediately or only after the passage of time) pursuant to any agreement, arrangement or understanding (other
than customary agreements with and between underwriters and selling group members with respect to a bona fide public offering of
securities, or upon the exercise of conversion rights, exchange rights, rights (other than these Rights), warrants or options, or
otherwise; provided, however, that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, securities
tendered pursuant to a tender or exchange offer made by or on behalf of such Person or any of such Person's Affiliates or Associates
until such tendered securities are accepted for purchase or exchange; or (B) the right to vote pursuant to any agreement, arrangement
or understanding; provided, however, that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, any
security if the agreement, arrangement or understanding to vote such security (1) arises solely from a revocable proxy or consent
given to such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable
rules and regulations promulgated under the Exchange Act and (2) is not also then reportable on Schedule 13D under the Exchange Act
(or any comparable or successor report); or

	which are beneficially owned, directly or indirectly, by any other Person with which such Person or any of
such Person's Affiliates or Associates has any agreement, arrangement or understanding (other than customary agreements with and
between underwriters and selling group members with respect to a bona fide public offering of securities) for the purpose of
acquiring, holding, voting (except to the extent contemplated by the proviso to Section 1(c)(ii)(B) hereof) or disposing of any
securities of the Company.

Notwithstanding anything in this definition of Beneficial Ownership to the contrary, the phrase, "then
outstanding," when used with reference to a Person's Beneficial Ownership of securities of the Company, shall mean the number of
such securities then issued and outstanding together with the number of such securities not then actually issued and outstanding
which such Person would be deemed to own beneficially hereunder.

	"Business Day" shall mean any day other than a Saturday, a Sunday, or a day on which banking
institutions in the Commonwealth of Massachusetts are authorized or obligated by law or executive order to close.

	"Close of Business" on any given date shall mean 5:00 p.m., Eastern Time, on such date;
provided, however, that if such date is not a Business Day it shall mean 5:00 p.m., Eastern Time, on the next succeeding
Business Day.

	"Common Shares" shall mean the shares of common stock, par value $.001 per share, of the
Company; provided, however, that, "Common Shares," when used in this Agreement in connection with a specific
reference to any Person other than the Company, shall mean the capital stock (or equity interest) with the greatest voting power of
such other Person or, if such other Person is a Subsidiary of another Person, the Person or Persons which ultimately control such
first-mentioned Person.

	"Distribution Date" shall have the meaning set forth in Section 3 hereof.

	 "Final Expiration Date" shall have the meaning set forth in Section 7 hereof.

	"Interested Stockholder" shall mean any Acquiring Person or any Affiliate or Associate of an
Acquiring Person or any other Person in which any such Acquiring Person, Affiliate or Associate has an interest, or any other Person
acting directly or indirectly on behalf of or in concert with any such Acquiring Person, Affiliate or Associate. 

	"Person" shall mean any individual, firm, corporation or other entity, and shall include any
successor (by merger or otherwise) of such entity.

	"Preferred Shares" shall mean shares of Series A Junior Participating Preferred Stock, par
value $.001 per share, of the Company having the designations and the powers, preferences and rights, and the qualifications,
limitations and restrictions set forth in the Form of Certificate of Designation attached to this Agreement as Exhibit A.

	"Purchase Price" shall have the meaning set forth in Section 7(b) hereof.

	"Redemption Date" shall have the meaning set forth in Section 7 hereof.

	"Shares Acquisition Date" shall mean the first date of public announcement by the Company or
an Acquiring Person that an Acquiring Person has become such provided, however that, if such Person is determined not to have become
an Acquiring Person pursuant to clause (y) of Subsection 1(a)(B) hereof, then no Shares Acquisition Date shall be deemed to have
occurred.

	"Subsidiary" of any Person shall mean any corporation or other entity of which a majority of
the voting power of the voting equity securities or equity interest is owned, directly or indirectly, by such Person.

	"Transaction" shall mean any merger, consolidation or sale of assets described in Section
13(a) hereof or any acquisition of Common Shares which would result in a Person becoming an Acquiring Person or a Principal Party (as
such term is hereinafter defined).

	"Transaction Person" with respect to a Transaction shall mean (i) any Person who (x) is or
will become an Acquiring Person or a Principal Party (as such term is hereinafter defined) if the Transaction were to be consummated
and (y) directly or indirectly proposed or nominated a director of the Company which director is in office at the time of
consideration of the Transaction, or (ii) an Affiliate or Associate of such a Person.

	Appointment of Rights Agent.  The Company hereby appoints the Rights Agent
to act as agent for the Company in accordance with the terms and conditions hereof, and the Rights Agent hereby accepts such
appointment.  The Company may from time to time appoint such co-Rights Agents as it may deem necessary or desirable, upon ten (10)
days' prior written notice to the Rights Agent.  The Rights Agent shall have no duty to supervise, and shall in no event be liable
for, the acts or omissions of any such co-Rights Agent.

	Issue of Right Certificates.

	Until the earlier of (i) the tenth day after the Shares Acquisition Date or (ii) the tenth Business Day (or
such later date as may be determined by action of the Board of Directors prior to such time as any Person becomes an Acquiring
Person) after the date of the commencement (determined in accordance with Rule 14d-2 under the Exchange Act) by any Person (other
than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company or any
entity holding Common Shares for or pursuant to the terms of any such plan) of, or of the first public announcement of the intention
of any Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary
of the Company or any entity holding Common Shares for or pursuant to the terms of any such plan) to commence, a tender or exchange
offer (which intention to commence remains in effect for five Business Days after such announcement), the consummation of which would
result in any Person becoming an Acquiring Person (including any such date which is after the date of this Agreement and prior to the
issuance of the Rights, the earlier of such dates being herein referred to as the "Distribution Date"), (x) the Rights will
be evidenced by the certificates for Common Shares registered in the names of the holders thereof (which certificates shall also be
deemed to be Right Certificates) and not by separate Right Certificates, and (y) the Rights (and the right to receive Right
Certificates therefor) will be transferable only in connection with the transfer of Common Shares.  As soon as practicable after the
Distribution Date, the Company will prepare and execute, the Rights Agent will countersign, and the Company will send or cause to be
sent (and the Rights Agent will, if requested, send) by first-class, insured, postage-prepaid mail, to each record holder of Common
Shares as of the Close of Business on the Distribution Date, at the address of such holder shown on the records of the Company, a
Right Certificate, in substantially the form of Exhibit B hereto (a "Right Certificate"), evidencing one Right for each
Common Share so held, subject to the adjustment provisions of Section 11 of this Rights Agreement.  As of the Distribution Date, the
Rights will be evidenced solely by such Right Certificates.

	On the Record Date, or as soon as practicable thereafter, the Company will send (directly or through the
Rights Agent or its transfer agent) a copy of a Summary of Rights to Purchase Preferred Shares, in substantially the form of Exhibit
C hereto (the "Summary of Rights"), by first-class, postage-prepaid mail, to each record holder of Common Shares as of the
Close of Business on the Record Date, at the address of such holder shown on the records of the Company.  With respect to
certificates for Common Shares outstanding as of the Record Date, until the Distribution Date, the Rights will be evidenced by such
certificates registered in the names of the holders thereof.  Until the Distribution Date (or the earlier of the Redemption Date and
the Final Expiration Date), the surrender for transfer of any certificate for Common Shares outstanding on the Record Date shall also
constitute the transfer of the Rights associated with the Common Shares represented thereby.

	Certificates for Common Shares which become outstanding (including, without limitation, reacquired Common
Shares referred to in the last sentence of this paragraph (c)) after the Record Date but prior to the earliest of the Distribution
Date, the Redemption Date or the Final Expiration Date shall have impressed on, printed on, written on or otherwise affixed to them
the following legend:

This certificate also evidences and entitles the holder hereof to certain rights as set forth in a Rights
Agreement between Walker Interactive Systems, Inc. (the "Company") and Fleet National Bank, a National Banking Association,
as Rights Agent (the "Rights Agent"), dated as of June 1, 2000, as amended from time to time (the "Rights
Agreement"), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal
executive offices of the Company.  Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced
by separate certificates and will no longer be evidenced by this certificate.  The Company will mail to the holder of this
certificate a copy of the Rights Agreement without charge after receipt of a written request therefor.  As described in the Rights
Agreement, Rights issued to any Person who becomes an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights
Agreement) and certain related persons, whether currently held by or on behalf of such Person or by any subsequent holder, shall
become null and void.

With respect to such certificates containing the foregoing legend, until the Distribution Date, the Rights
associated with the Common Shares represented by such certificates shall be evidenced by such certificates alone, and the surrender
for transfer of any such certificate shall also constitute the transfer of the Rights associated with the Common Shares represented
thereby.  In the event that the Company purchases or acquires any Common Shares after the Record Date but prior to the Distribution
Date, any Rights associated with such Common Shares shall be deemed canceled and retired so that the Company shall not be entitled to
exercise any Rights associated with the Common Shares which are no longer outstanding.  Notwithstanding this Section 3(c), the
omission of a legend shall not affect the enforceability of any part of this Rights Agreement or the rights of any holder of the
Rights.

	Form of Right Certificates. 

	The Right Certificates (and the form of election to purchase Preferred Shares, the form of assignment and the
form of certification to be printed on the reverse thereof) shall be substantially the same as Exhibit B hereto and may have such
marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem
appropriate and as are not inconsistent with the provisions of this Agreement, or as may be required to comply with any applicable
law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange or quotation system on
which the Rights may from time to time be listed, or to conform to usage.  Subject to the provisions of Sections 7, 11 and 22 hereof,
the Right Certificates shall entitle the holders thereof to purchase such number of one one-hundredths of a Preferred Share as shall
be set forth therein at the price per one one-hundredth of a Preferred Share set forth therein (the "Purchase Price"), but
the number of such one one-hundredths of a Preferred Share and the Purchase Price shall be subject to adjustment as provided
herein.

	Any Right Certificate issued pursuant to Section 3(a) or Section 22 hereof that represents Rights which are
null and void pursuant to Section 11(a)(ii) hereof and any Right Certificate issued pursuant to Section 6 or Section 11 hereof upon
transfer, exchange, replacement or adjustment of any other Right Certificate referred to in this sentence, shall contain (to the
extent feasible) the following legend:

The Rights represented by this Right Certificate are or were beneficially owned by a Person who was or became an
Acquiring Person or an Affiliate or Associate of an Acquiring Person (as such terms are defined in the Rights Agreement).
Accordingly, this Right Certificate and the Rights represented hereby are null and void.

The provisions of Section 11(a)(ii) hereof shall be operative whether or not the foregoing legend is contained on
any such Right Certificate.

	Countersignature and Registration.  The Right Certificates shall be
executed on behalf of the Company by its Chairman of the Board, its Chief Executive Officer, its President, its Vice Chairman of the
Board, its Chief Financial Officer, or any of its Vice Presidents, either manually or by facsimile signature, shall have affixed
thereto the Company's seal or a facsimile thereof, and shall be attested by the Secretary or an Assistant Secretary of the Company,
either manually or by facsimile signature.  The Right Certificates shall be manually countersigned by the Rights Agent and shall not
be valid for any purpose unless countersigned.  In case any officer of the Company who shall have signed any of the Right
Certificates shall cease to be such officer of the Company before countersignature by the Rights Agent and issuance and delivery by
the Company, such Right Certificates, nevertheless, may be countersigned by the Rights Agent and issued and delivered by the Company
with the same force and effect as though the person who signed such Right Certificates had not ceased to be such officer of the
Company; and any Right Certificate may be signed on behalf of the Company by any person who, at the actual date of the execution of
such Right Certificate, shall be a proper officer of the Company to sign such Right Certificate, although at the date of the
execution of this Agreement any such person was not such an officer.

Following the Distribution Date, the Rights Agent will keep or cause to be kept, at its office designated for such
purpose, books for registration and transfer of the Right Certificates issued hereunder.  Such books shall show the names and
addresses of the respective holders of the Right Certificates, the number of Rights evidenced on its face by each of the Right
Certificates and the date of each of the Right Certificates.

	Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated,
Destroyed, Lost or Stolen Right Certificates.  Subject to the provisions of Section 11(a)(ii), Section 14 and Section 24
hereof, at any time after the Close of Business on the Distribution Date, and at or prior to the Close of Business on the earlier of
the Redemption Date or the Final Expiration Date, any Right Certificate or Right Certificates may be transferred, split up, combined
or exchanged for another Right Certificate or Right Certificates, entitling the registered holder to purchase a like number of one
one-hundredths of a Preferred Share as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase.
Any registered holder desiring to transfer, split up, combine or exchange any Right Certificate or Right Certificates shall make such
request in writing delivered to the Rights Agent, and shall surrender the Right Certificate or Right Certificates to be transferred,
split up, combined or exchanged at the office of the Rights Agent designated for such purpose.  Neither the Rights Agent nor the
Company shall be obligated to take any action whatsoever with respect to the transfer of any such surrendered Right Certificate until
the registered holder shall have completed and signed the certificate contained in the form of assignment on the reverse side of such
Right Certificate and shall have provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial
Owner) or Affiliates or Associates thereof as the Company shall reasonably request.  Thereupon the Rights Agent shall, subject to
Section 11(a)(ii), Section 14 and Section 24 hereof, countersign and deliver to the person entitled thereto a Right Certificate or
Right Certificates, as the case may be, as so requested.  The Company may require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of Right
Certificates.

Upon receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft,
destruction or mutilation of a Right Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably
satisfactory to them, and, at the Company's request, reimbursement to the Company and the Rights Agent of all reasonable expenses
incidental thereto, and upon surrender to the Rights Agent and cancellation of the Right Certificate if mutilated, the Company will
issue, execute and deliver a new Right Certificate of like tenor to the Rights Agent for countersignature and delivery to the
registered holder in lieu of the Right Certificate so lost, stolen, destroyed or mutilated.

Notwithstanding any other provisions hereof, the Company and the Rights Agent may amend this Rights Agreement to
provide for uncertificated Rights in addition to or in place of Rights evidenced by Rights Certificates.

	Exercise of Rights; Purchase Price; Expiration Date of Rights. 

	The registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise
provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form
of election to purchase on the reverse side thereof duly executed, to the Rights Agent at the office of the Rights Agent designated
for such purpose, together with payment of the Purchase Price for each one one-hundredth of a Preferred Share (or such other number
of shares or other securities) as to which the Rights are exercised, at or prior to the earliest of (i) the Close of Business on May
31, 2010 (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof
(the "Redemption Date"), or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof.

	The purchase price (the "Purchase Price") for each one one-hundredth of a Preferred Share pursuant
to the exercise of a Right shall initially be $30.00 and shall be subject to adjustment from time to time as provided in Sections 11
and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below.

	Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase
duly executed, accompanied by payment of the Purchase Price for the shares to be purchased and an amount equal to any applicable
transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9 hereof by certified check,
cashier's check, bank draft or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i) (A)
requisition from any transfer agent for the Preferred Shares certificates for the number of Preferred Shares to be purchased and the
Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company, in its sole
discretion, shall have elected to deposit the Preferred Shares issuable upon exercise of the Rights hereunder into a depository,
requisition from the depositary agent depositary receipts representing such number of one one-hundredths of a Preferred Share as are
to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer
agent with the depositary agent) and the Company hereby directs the depositary agent to comply with such request, (ii) when
appropriate, requisition from the Company the amount of cash to be paid in lieu of issuance of fractional shares in accordance with
Section 14 hereof, (iii) after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the
order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and
(iv) when appropriate, after receipt, deliver such cash to or upon the order of the registered holder of such Right Certificate.  In
the event that the Company is obligated to issue securities of the Company other than Preferred Shares (including Common Shares) of
the Company pursuant to Section 11(a) hereof, the Company will make all arrangements necessary so that such other securities are
available for distribution by the Rights Agent, if and when appropriate.

In addition, in the case of an exercise of the Rights by a holder pursuant to Section 11(a)(ii) hereof, the Rights
Agent shall return such Right Certificate to the registered holder thereof after imprinting, stamping or otherwise indicating thereon
that the rights represented by such Right Certificate no longer include the rights provided by Section 11(a)(ii) hereof, and, if
fewer than all the Rights represented by such Right Certificate were so exercised, the Rights Agent shall indicate on the Right
Certificate the number of Rights represented thereby which continue to include the rights provided by Section 11(a)(ii) hereof.

	In case the registered holder of any Right Certificate shall exercise fewer than all the Rights evidenced
thereby, a new Right Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent
to the registered holder of such Right Certificate or to his duly authorized assigns, subject to the provisions of Section 14
hereof.

	The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized
and unissued Preferred Shares or any Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to
permit the exercise in full of all outstanding Rights in accordance with this Section 7.

	Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor the Company shall be
obligated to undertake any action with respect to a registered holder upon the occurrence of any purported exercise as set forth in
this Section 7 unless such registered holder shall have (i) completed and signed the certification following the form of election to
purchase set forth on the reverse side of the Rights Certificate surrendered for such exercise and (ii) provided such additional
evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof as the Company
shall reasonably request.

	Cancellation and Destruction of Right Certificates.  All Right
Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if surrendered to the
Company or to any of its agents, be delivered to the Rights Agent for cancellation or in canceled form, or, if delivered or
surrendered to the Rights Agent, shall be canceled by it, and no Right Certificates shall be issued in lieu thereof except as
expressly permitted by any of the provisions of this Agreement.  The Company shall deliver to the Rights Agent for cancellation and
retirement, and the Rights Agent shall so cancel and retire, any other Right Certificate purchased or acquired by the Company
otherwise than upon the exercise thereof.  The Rights Agent shall deliver all canceled Right Certificates to the Company
approximately one and one-half years after the cancellation date, or shall, at the written request of the Company and after any
Securities and Exchange Commission-required retention period, destroy such canceled Right Certificates, and in such case shall
deliver a certificate of destruction thereof to the Company.

	Availability of Preferred Shares.  The Company covenants and agrees that
so long as the Preferred Shares (and, after the time a person becomes an Acquiring Person, Common Shares or any other securities)
issuable upon the exercise of the Rights may be listed on any national securities exchange or quotation system, the Company shall use
its best efforts to cause, from and after such time as the Rights become exercisable, all shares reserved for such issuance to be
listed on such exchange or quotation system upon official notice of issuance upon such exercise.

The Company covenants and agrees that it will take all such action as may be necessary to ensure that all
Preferred Shares (or Common Shares and other securities, as the case may be) delivered upon exercise of Rights shall, at the time of
delivery of the certificates for such Preferred Shares (subject to payment of the Purchase Price), be duly and validly authorized and
issued and fully paid and nonassessable shares or other securities.

The Company further covenants and agrees that it will pay when due and payable any and all federal and state
transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any Preferred
Shares upon the exercise of Rights.  The Company shall not, however, be required to pay any transfer tax which may be payable
in respect of any transfer or delivery of Right Certificates to a person other than, or the issuance or delivery of certificates or
depositary receipts for the Preferred Shares in a name other than that of, the registered holder of the Right Certificate evidencing
Rights surrendered for exercise or to issue or to deliver any certificates or depositary receipts for Preferred Shares upon the
exercise of any Rights until any such tax shall have been paid (any such tax being payable by the holder of such Right Certificate at
the time of surrender) or until it has been established to the Company's reasonable satisfaction that no such tax is due.

As soon as practicable after the Distribution Date, the Company shall use its best efforts to: 

	prepare and file a registration statement under the Securities Act of 1933, as amended (the "Act"),
with respect to the Rights and the securities purchasable upon exercise of the Rights on an appropriate form, will use its best
efforts to cause such registration statement to become effective as soon as practicable after such filing and will use its best
efforts to cause such registration statement to remain effective (with a prospectus at all times meeting the requirements of the Act)
until the Final Expiration Date; and 

	use its best efforts to qualify or register the Rights and the securities purchasable upon exercise of the
Rights under the blue sky laws of such jurisdictions as may be necessary or appropriate.

	Preferred Shares Record Date.  Each person in whose name any certificate
for Preferred Shares or other securities is issued upon the exercise of Rights shall for all purposes be deemed to have become the
holder of record of the Preferred Shares or other securities represented thereby on, and such certificate shall be dated, the date
upon which the Right Certificate evidencing such Rights was duly surrendered with the forms of election and certification duly
executed and payment of the Purchase Price (and any applicable transfer taxes) was made; provided, however, that if the date
of such surrender and payment is a date upon which the Preferred Shares or other securities transfer books of the Company are closed,
such person shall be deemed to have become the record holder of such shares on, and such certificate shall be dated, the next
succeeding Business Day on which the Preferred Shares or other securities transfer books of the Company are open.  Prior to the
exercise of the Rights evidenced thereby, the holder of a Right Certificate, as such, shall not be entitled to any rights of a holder
of Preferred Shares for which the Rights shall be exercisable, including, without limitation, the right to vote, to receive dividends
or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of
the Company, except as provided herein.

	Adjustment of Purchase Price, Number of Shares or Number of Rights.  The
Purchase Price, the number of Preferred Shares covered by each Right and the number of Rights outstanding are subject to adjustment
from time to time as provided in this Section 11.

	 

	In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the
Preferred Shares payable in Preferred Shares, (B) subdivide the outstanding Preferred Shares, (C) combine the outstanding Preferred
Shares into a smaller number of Preferred Shares or (D) issue any shares of its capital stock in a reclassification of the Preferred
Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or
surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in effect at the time of the record
date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of
shares of capital stock issuable on such date, shall be proportionately adjusted so that the holder of any Right exercised after such
time shall be entitled to receive the aggregate number and kind of shares of capital stock which, if such Right had been exercised
immediately prior to such date and at a time when the Preferred Shares transfer books of the Company were open, such holder would
have owned upon such exercise and been entitled to receive by virtue of such dividend, subdivision, combination or reclassification;
provided, however, that in no event shall the consideration to be paid upon the exercise of one Right be less than the
aggregate par value of the shares of capital stock of the Company issuable upon exercise of one Right.  If an event occurs which
would require an adjustment under both Section 11(a)(i) and Section 11(a)(ii) hereof, the adjustment provided for in this Section
11(a)(i) shall be in addition to, and shall be made prior to any adjustment required pursuant to Section 11(a)(ii) hereof.

	Subject to Section 24 hereof and the provisions of the next paragraph of this Section 11(a)(ii), in the event
any Person shall become an Acquiring Person, each holder of a Right shall, at any time after the later of such time any Person
becomes an Acquiring Person or the effective date of an appropriate registration statement under the Act pursuant to Section 9 hereof
have a right to receive, upon exercise thereof at a price equal to the then current Purchase Price multiplied by the number of one
one-hundredths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu
of Preferred Shares, such number of Common Shares as shall equal the result obtained by (A) multiplying the then current Purchase
Price by the number of one one-hundredths of a Preferred Share for which a Right is then exercisable and dividing that product by (B)
50% of the then current per share market price of the Common Shares (determined pursuant to Section 11(d) hereof) on the date such
Person became an Acquiring Person; provided, however, that if the transaction that would otherwise give rise to the foregoing
adjustment is also subject to the provisions of Section 13 hereof, then only the provisions of Section 13 hereof shall apply and no
adjustment shall be made pursuant to this Section 11(a)(ii).  In the event that any Person shall become an Acquiring Person and the
Rights shall then be outstanding, the Company shall not take any action which would eliminate or diminish the benefits intended to be
afforded by the Rights.

Notwithstanding anything in this Agreement to the contrary, from and after the time any Person becomes an
Acquiring Person, any Rights beneficially owned by (i) such Acquiring Person or an Associate or Affiliate of such Acquiring Person,
(ii) a transferee of such Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee after the Acquiring
Person became such, or (iii) a transferee of such Acquiring Person (or of any such Associate or Affiliate) who becomes a transferee
prior to or concurrently with the Acquiring Person's becoming such and receives such Rights pursuant to either (A) a transfer
(whether or not for consideration) from the Acquiring Person to holders of equity interests in such Acquiring Person or to any Person
with whom the Acquiring Person has any continuing agreement, arrangement or understanding regarding the transferred Rights or (B) a
transfer which the Board of Directors of the Company has determined is part of a plan, arrangement or understanding which has as a
primary purpose or effect the avoidance of this Section 11(a)(ii), shall become null and void without any further action and no
holder of such Rights shall have any rights whatsoever with respect to such Rights, whether under any provision of this Agreement or
otherwise.  The Company shall use all reasonable efforts to insure that the provisions of this Section 11(a)(ii) and Section 4(b)
hereof are complied with, but shall have no liability to any holder of Right Certificates or other Person as a result of its failure
to make any determinations with respect to an Acquiring Person or its Affiliates, Associates or transferees hereunder.  No Right
Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights would be void pursuant to
the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and
any Right Certificate delivered to the Rights Agent for transfer to an Acquiring Person whose Rights would be void pursuant to the
preceding sentence shall be canceled.

	In lieu of issuing Common Shares in accordance with Section 11(a)(ii) hereof, the Company may, if a majority
of the Board of Directors then in office determines that such action is necessary or appropriate and not contrary to the interests of
holders of Rights, elect to (and, in the event that the Board of Directors has not exercised the exchange right contained in Section
24(c) hereof and there are not sufficient treasury shares and authorized but unissued Common Shares to permit the exercise in full of
the Rights in accordance with the foregoing subparagraph (ii), the Company shall) take all such action as may be necessary to
authorize, issue or pay, upon the exercise of the Rights, cash (including by way of a reduction of the Purchase Price), property,
Common Shares, other securities or any combination thereof having an aggregate value equal to the value of the Common Shares which
otherwise would have been issuable pursuant to Section 11(a)(ii) hereof, which aggregate value shall be determined by a nationally
recognized investment banking firm selected by a majority of the Board of Directors then in office.  For purposes of the preceding
sentence, the value of the Common Shares shall be determined pursuant to Section 11(d) hereof.  Any such election by the Board of
Directors must be made within 60 days following the date on which the event described in Section 11(a)(ii) hereof shall have
occurred.  Following the occurrence of the event described in Section 11(a)(ii) hereof, a majority of the Board of Directors then in
office may suspend the exercisability of the Rights for a period of up to 60 days following the date on which the event described in
Section 11(a)(ii) hereof shall have occurred to the extent that such directors have not determined whether to exercise their rights
of election under this Section 11(a)(iii).  In the event of any such suspension, the Company shall issue a public announcement
stating that the exercisability of the Rights has been temporarily suspended.

	In case the Company shall fix a record date for the issuance of rights, options or warrants to all holders of
Preferred Shares entitling them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase
Preferred Shares (or shares having the same designations and the powers, preferences and rights, and the qualifications, limitations
and restrictions as the Preferred Shares ("equivalent preferred shares")) or securities convertible into Preferred Shares
or equivalent preferred shares at a price per Preferred Share or equivalent preferred share (or having a conversion price per share,
if a security convertible into Preferred Shares or equivalent preferred shares) less than the then current per share market price of
the Preferred Shares (as such term is hereinafter defined) on such record date, the Purchase Price to be in effect after such record
date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the
numerator of which shall be the number of Preferred Shares outstanding on such record date plus the number of Preferred Shares which
the aggregate offering price of the total number of Preferred Shares and/or equivalent preferred shares so to be offered (and/or the
aggregate initial conversion price of the convertible securities so to be offered) would purchase at such current market price and
the denominator of which shall be the number of Preferred Shares outstanding on such record date plus the number of additional
Preferred Shares and/or equivalent preferred shares to be offered for subscription or purchase (or into which the convertible
securities so to be offered are initially convertible); provided, however, that in no event shall the consideration to be paid
upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company issuable upon
exercise of one Right.  In case such subscription price may be paid in a consideration part or all of which shall be in a form other
than cash, the value of such consideration shall be as determined in good faith by the Board of Directors of the Company, whose
determination shall be described in a statement filed with the Rights Agent.  Preferred Shares owned by or held for the account of
the Company shall not be deemed outstanding for the purpose of any such computation.  Such adjustment shall be made successively
whenever such a record date is fixed; and in the event that such rights, options or warrants are not so issued, the Purchase Price
shall be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.

	In case the Company shall fix a record date for the making of a distribution to all holders of the Preferred
Shares (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or
surviving corporation) of evidences of indebtedness or assets (other than a regular quarterly cash dividend or a dividend payable in
Preferred Shares) or subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be
in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record
date by a fraction, the numerator of which shall be the then current per share market price of the Preferred Shares (as such term is
hereinafter defined) on such record date, less the fair market value (as determined in good faith by the Board of Directors of the
Company, whose determination shall be described in a statement filed with the Rights Agent) of the portion of the assets or evidences
of indebtedness so to be distributed or of such subscription rights or warrants applicable to one Preferred Share and the denominator
of which shall be such current per share market price of the Preferred Shares; provided, however, that in no event shall the
consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the
Company to be issued upon exercise of one Right.  Such adjustments shall be made successively whenever such a record date is fixed;
and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which
would then be in effect if such record date had not been fixed.

	

	For the purpose of any computation hereunder, the "current per share market price" of any security
(a "Security" for the purpose of this Section 11(d)(i)) on any date shall be deemed to be the average of the daily closing
prices per share of such Security for the 30 consecutive Trading Days (as such term is hereinafter defined) immediately prior to such
date; provided, however, that in the event that the current per share market price of the Security is determined during a
period following the announcement by the issuer of such Security of (A) a dividend or distribution on such Security payable in shares
of such Security or securities convertible into such shares, or (B) any subdivision, combination or reclassification of such Security
or securities convertible into such shares, or (C) any subdivision, combination or reclassification of such Security and prior to the
expiration of 30 Trading Days after the ex-dividend date for such dividend or distribution, or the record date for such subdivision,
combination or reclassification, then, and in each such case, the current per share market price shall be appropriately adjusted to
reflect the current market price per share equivalent of such Security.  The closing price for each day shall be the last sale price,
regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, in
either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to
trading on the New York Stock Exchange or, if the Security is not listed or admitted to trading on the New York Stock Exchange, as
reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national
securities exchange on which the Security is listed or admitted to trading or as reported on the Nasdaq National Market or, if the
Security is not listed or admitted to trading on any national securities exchange or reported on the Nasdaq National Market, the last
quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by
the National Association of Securities Dealers, Inc. Automated Quotations System ("Nasdaq") or such other system then in
use, or, if on any such date the Security is not quoted by any such organization, the average of the closing bid and asked prices as
furnished by a professional market maker making a market in the Security selected by the Board of Directors of the Company or, if on
any such date no professional market maker is making a market in the Security, the price as determined in good faith by the Board of
Directors.  The term "Trading Day" shall mean a day on which the principal national securities exchange on which the
Security is listed or admitted to trading is open for the transaction of business or, if the Security is not listed or admitted to
trading on any national securities exchange, a Business Day.

	For the purpose of any computation hereunder, the "current per share market price" of the Preferred
Shares shall be determined in accordance with the method set forth in Section 11(d)(i) hereof.  If the Preferred Shares are not
publicly traded, the "current per share market price" of the Preferred Shares shall be conclusively deemed to be the
current per share market price of the Common Shares as determined pursuant to Section 11(d)(i) hereof (appropriately adjusted to
reflect any stock split, stock dividend or similar transaction occurring after the date hereof) multiplied by one hundred.  If
neither the Common Shares nor the Preferred Shares are publicly held or so listed or traded, "current per share market
price" shall mean the fair value per share as determined in good faith by the Board of Directors of the Company, whose
determination shall be described in a statement filed with the Rights Agent.

	No adjustment in the Purchase Price shall be required unless such adjustment would require an increase or
decrease of at least 1% in the Purchase Price; provided, however, that any adjustments which by reason of this Section 11(e)
are not required to be made shall be carried forward and taken into account in any subsequent adjustment.  All calculations under
this Section 11 shall be made to the nearest cent or to the nearest one one-hundredth of a Preferred Share or one ten-thousandth of
any other share or security as the case may be.  Notwithstanding the first sentence of this Section 11(e), any adjustment required by
this Section 11 shall be made no later than the earlier of (i) three years from the date of the transaction which requires such
adjustment or (ii) the date of the expiration of the right to exercise any Rights.

	If as a result of an adjustment made pursuant to Section 11(a) hereof, the holder of any Right thereafter
exercised shall become entitled to receive any shares of capital stock of the Company other than Preferred Shares, thereafter the
number of such other shares so receivable upon exercise of any Right shall be subject to adjustment from time to time in a manner and
on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Shares contained in Sections 11(a)
through 11(c) hereof, inclusive, and the provisions of Sections 7, 9, 10, 13 and 14 hereof with respect to the Preferred Shares shall
apply on like terms to any such other shares.

	All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder
shall evidence the right to purchase, at the adjusted Purchase Price, the number of one one-hundredths of a Preferred Share
purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as provided herein.

	Unless the Company shall have exercised its election as provided in Section 11(i) hereof, upon each adjustment
of the Purchase Price as a result of the calculations made in Section 11(b) and Section 11(c) hereof, each Right outstanding
immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase Price,
that number of one one-hundredths of a Preferred Share (calculated to the nearest one one-millionth of a Preferred Share) obtained by
(i) multiplying (x) the number of one one-hundredths of a Preferred Share covered by a Right immediately prior to this adjustment by
(y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price and (ii) dividing the product so obtained
by the Purchase Price in effect immediately after such adjustment of the Purchase Price.

	The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of
Rights, in substitution for any adjustment in the number of one one-hundredths of a Preferred Share purchasable upon the exercise of
a Right.  Each of the Rights outstanding after such adjustment of the number of Rights shall be exercisable for the number of one
one-hundredths of a Preferred Share for which a Right was exercisable immediately prior to such adjustment.  Each Right held of
record prior to such adjustment of the number of Rights shall become that number of Rights (calculated to the nearest one ten-
thousandth) obtained by dividing the Purchase Price in effect immediately prior to adjustment of the Purchase Price by the Purchase
Price in effect immediately after adjustment of the Purchase Price.  The Company shall make a public announcement of its election to
adjust the number of Rights, indicating the record date for the adjustment, and, if known at the time, the amount of the adjustment
to be made.  This record date may be the date on which the Purchase Price is adjusted or any day thereafter, but, if the Right
Certificates have been issued, shall be at least 10 days later than the date of the public announcement.  If Right Certificates have
been issued, upon each adjustment of the number of Rights pursuant to this Section 11(i), the Company shall, as promptly as
practicable, cause to be distributed to holders of record of Right Certificates on such record date Right Certificates evidencing,
subject to Section 14 hereof, the additional Rights to which such holders shall be entitled as a result of such adjustment, or, at
the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Right
Certificates held by such holders prior to the date of adjustment, and upon surrender thereof, if required by the Company, new Right
Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment.  Right Certificates so to be
distributed shall be issued, executed and countersigned in the manner provided for herein and shall be registered in the names of the
holders of record of Right Certificates on the record date specified in the public announcement.

	Irrespective of any adjustment or change in the Purchase Price or the number of one one-hundredths of a
Preferred Share issuable upon the exercise of the Rights, the Right Certificates theretofore and thereafter issued may continue to
express the Purchase Price and the number of one one-hundredths of a Preferred Share which were expressed in the initial Right
Certificates issued hereunder.

	Before taking any action that would cause an adjustment reducing the Purchase Price below one one-hundredth of
the then par value, if any, of the Preferred Shares issuable upon exercise of the Rights, the Company shall take any corporate action
which may, in the opinion of its counsel, be necessary in order that the Company may validly and legally issue fully paid and
nonassessable Preferred Shares at such adjusted Purchase Price.

	In any case in which this Section 11 shall require that an adjustment in the Purchase Price be made effective
as of a record date for a specified event, the Company may elect to defer until the occurrence of such event the issuing to the
holder of any Right exercised after such record date of the Preferred Shares and other capital stock or securities of the Company, if
any, issuable upon such exercise on the basis of the Purchase Price in effect prior to such adjustment; provided, however,
that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder's right to receive
such additional shares upon the occurrence of the event requiring such adjustment.

	The Company covenants and agrees that, after the Distribution Date, it will not, except as permitted by
Section 23 or Section 27 hereof, take (or permit any Subsidiary to take) any action the purpose of which is to, or if at the time
such action is taken it is reasonably foreseeable that the effect of such action is to, materially diminish or eliminate the benefits
intended to be afforded by the Rights.  Any such action taken by the Company during any period after any Person becomes an Acquiring
Person but prior to the Distribution Date shall be null and void unless such action could be taken under this Section 11(m) from and
after the Distribution Date.

	Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make such
reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11, as and to the extent that
it in its sole discretion shall determine to be advisable in order that any consolidation or subdivision of the Preferred Shares,
issuance wholly for cash of any Preferred Shares at less than the current market price, issuance wholly for cash of Preferred Shares
or securities which by their terms are convertible into or exchangeable for Preferred Shares, dividends on Preferred Shares payable
in Preferred Shares or issuance of rights, options or warrants referred to hereinabove in Section 11(b), hereafter made by the
Company to holders of its Preferred Shares shall not be taxable to such stockholders.

	In the event that at any time after the date of this Agreement and prior to the Distribution Date, the Company
shall (i) declare or pay any dividend on the Common Shares payable in Common Shares or (ii) effect a subdivision, combination or
consolidation of the Common Shares (by reclassification or otherwise than by payment of dividends in Common Shares) into a greater or
lesser number of Common Shares, then in any such case (A) the number of one one-hundredths of a Preferred Share purchasable after
such event upon proper exercise of each Right shall be determined by multiplying the number of one one-hundredths of a Preferred
Share so purchasable immediately prior to such event by a fraction, the numerator of which is the number of Common Shares outstanding
immediately before such event and the denominator of which is the number of Common Shares outstanding immediately after such event,
and (B) each Common Share outstanding immediately after such event shall have issued with respect to it that number of Rights which
each Common Share outstanding immediately prior to such event had issued with respect to it.  The adjustments provided for in this
Section 11(o) shall be made successively whenever such a dividend is declared or paid or such a subdivision, combination or
consolidation is effected.  

	The exercise of Rights under Section 11(a)(ii) hereof shall only result in the loss of rights under Section
11(a)(ii) hereof to the extent so exercised and shall not otherwise affect the rights represented by the Rights under this Agreement,
including the rights represented by Section 13 hereof.

	Certificate of Adjusted Purchase Price or Number of Shares.  Whenever an
adjustment is made as provided in Sections 11 and 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such
adjustment, and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer
agent for the Common Shares or the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of
a Right Certificate in accordance with Section 25 hereof.  The Rights Agent shall be fully protected in relying on any such
certificate and on any adjustment therein contained and shall not be deemed to have knowledge of any adjustment unless and until it
shall have received such certificate.

	Consolidation, Merger or Sale or Transfer of Assets or Earning
Power.

	In the event that, following the Shares Acquisition Date or, if a Transaction is proposed, the Distribution
Date, directly or indirectly (x) the Company shall consolidate with, or merge with and into, any Interested Stockholder, or if in
such merger or consolidation all holders of Common Stock are not treated alike, any other Person, (y) any Interested Person, or if in
such merger or consolidation all holders of Common Stock are not treated alike, any other Person shall consolidate with the Company,
or merge with and into the Company, and the Company shall be the continuing or surviving corporation of such merger (other than, in
the case of either transaction described in (x) or (y), a merger or consolidation which would result in all of the voting power
represented by the securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into securities of the surviving entity) all of the voting power represented by the securities of
the Company or such surviving entity outstanding immediately after such merger or consolidation and the holders of such securities
not having changed as a result of such merger or consolidation), or (z) the Company shall sell, mortgage or otherwise transfer (or
one or more of its subsidiaries shall sell, mortgage or otherwise transfer), in one or more transactions, assets or earning power
aggregating more than 50% of the assets or earning power of the Company and its subsidiaries (taken as a whole) to any Interested
Stockholder or Stockholders, or if in such transaction all holders of Common Stock are not treated alike, any other Person, (other
than the Company or any Subsidiary of the Company in one or more transactions each of which individually and the aggregate does not
violate Section 13(d) hereof) then, and in each such case, proper provision shall be made so that (i) each holder of a Right, subject
to Section 11(a)(ii) hereof, shall have the right to receive, upon the exercise thereof at a price equal to the then current Purchase
Price multiplied by the number of one one-hundredths of a Preferred Share for which a Right is then exercisable in accordance with
the terms of this Agreement and in lieu of Preferred Shares, such number of freely tradeable Common Shares of the Principal Party (as
such term is hereinafter defined), free and clear of liens, rights of call or first refusal, encumbrances or other adverse claims, as
shall be equal to the result obtained by (A) multiplying the then current Purchase Price by the number of one one-hundredths of a
Preferred Share for which a Right is then exercisable (without taking into account any adjustment previously made pursuant to Section
11(a)(ii) hereof) and dividing that product by (B) 50% of the then current per share market price of the Common Shares of such
Principal Party (determined pursuant to Section 11(d) hereof) on the date of consummation of such consolidation, merger, sale or
transfer; (ii) such Principal Party shall thereafter be liable for, and shall assume, by virtue of such consolidation, merger, sale
or transfer, all the obligations and duties of the Company pursuant to this Agreement; (iii) the term "Company" shall
thereafter be deemed to refer to such Principal Party, it being specifically intended that the provisions of Section 11 hereof shall
apply to such Principal Party; and (iv) such Principal Party shall take such steps (including, but not limited to, the reservation of
a sufficient number of shares of its Common Shares in accordance with Section 9 hereof) in connection with such consummation as may
be necessary to assure that the provisions hereof shall thereafter be applicable, as nearly as reasonably may be, in relation to its
Common Shares thereafter deliverable upon the exercise of the Rights.

	"Principal Party" shall mean:

	in the case of any transaction described in clause (x) or (y) of the first sentence of Section 13(a) hereof,
the Person that is the issuer of any securities into which Common Shares are converted in such merger or consolidation, and if no
securities are so issued, the Person that is the other party to the merger or consolidation (or, if applicable, the Company, if it is
the surviving corporation); and

	in the case of any transaction described in (z) of the first sentence of Section 13(a) hereof, the Person that
is the party receiving the greatest portion of the assets or earning power transferred pursuant to such transaction or
transactions;

provided, however, that in any case, (1) if the Common Shares of such Person are not at such time and have
not been continuously over the preceding 12-month period registered under Section 12 of the Exchange Act, and such Person is a direct
or indirect subsidiary or Affiliate of another Person the Common Shares of which are and have been so registered, "Principal
Party" shall refer to such other Person; (2) if such Person is a subsidiary, directly or indirectly, or Affiliate of more than
one Person, the Common Shares of two or more of which are and have been so registered, "Principal Party" shall refer to
whichever of such Persons is the issuer of the Common Shares having the greatest aggregate market value; and (3) if such Person is
owned, directly or indirectly, by a joint venture formed by two or more Persons that are not owned, directly or indirectly, by the
same Person, the rules set forth in (1) and (2) above shall apply to each of the chains of ownership having an interest in such joint
venture as if such party were a "subsidiary" of both or all of such joint venturers and the Principal Parties in each such
chain shall bear the obligations set forth in this Section 13 in the same ratio as their direct or indirect interests in such Person
bear to the total of such interests.

	The Company shall not consummate any such consolidation, merger, sale or transfer unless the Principal Party
shall have a sufficient number of authorized Common Shares that have not been issued or reserved for issuance to permit the exercise
in full of the Rights in accordance with this Section 13 and unless prior thereto the Company and each Principal Party and each other
Person who may become a Principal Party as a result of such consolidation, merger, sale or transfer shall have (i) executed and
delivered to the Rights Agent a supplemental agreement providing for the terms set forth in paragraphs (a) and (b) of this Section 13
and (ii) prepared, filed and had declared and remain effective a registration statement under the Act on the appropriate form with
respect to the Rights and the securities exercisable upon exercise of the Rights and further providing that, as soon as practicable
after the date of any consolidation, merger, sale or transfer of assets mentioned in paragraph (a) of this Section 13, the Principal
Party at its own expense will:

	cause the registration statement under the Act with respect to the Rights and the securities purchasable upon
exercise of the Rights on an appropriate form to remain effective (with a prospectus at all times meeting the requirements of the
Act) until the Final Expiration Date; 

	use its best efforts to qualify or register the Rights and the securities purchasable upon exercise of the
Rights under the blue sky laws of such jurisdictions as may be necessary or appropriate; 

	list the Rights and the securities purchasable upon exercise of the Rights on each national securities
exchange on which the Common Shares were listed prior to the consummation of such consolidation, merger, sale or transfer of assets
or on the Nasdaq National Market if the Common Shares were listed on the Nasdaq National Market or, if the Common Shares were not
listed on a national securities exchange or the Nasdaq National Market prior to the consummation of such consolidation, merger, sale
or transfer of assets, on a national securities exchange or the Nasdaq National Market; and

	deliver to holders of the Rights historical financial statements for the Principal Party and each of its
Affiliates which comply in all material respects with the requirements for registration on Form 10 under the Exchange
Act.

The provisions of this Section 13 shall similarly apply to successive mergers or consolidations or sales or other
transfers.

	After the Distribution Date, the Company covenants and agrees that it shall not (i) consolidate with, (ii)
merge with or into, or (iii) sell or transfer to, in one or more transactions, assets or earning power aggregating more than 50% of
the assets or earning power of the Company and its subsidiaries taken as a whole, any other Person (other than a Subsidiary of the
Company in a transaction which does not violate Section 11(m) hereof), if (x) at the time of or after such consolidation, merger or
sale there are any charter or bylaw provisions or any rights, warrants or other instruments or securities outstanding, agreements in
effect or any other action taken which would diminish or otherwise eliminate the benefits intended to be afforded by the Rights or
(y) prior to, simultaneously with or immediately after such consolidation, merger or sale, the stockholders of the Person who
constitutes, or would constitute, the "Principal Party" for purposes of Section 13(a) hereof shall have received a
distribution of Rights previously owned by such Person or any of its Affiliates and Associates.  The Company shall not consummate any
such consolidation, merger, sale or transfer unless prior thereto the Company and such other Person shall have executed and delivered
to the Rights Agent a supplemental agreement evidencing compliance with this Section 13(d).

	Fractional Rights and Fractional Shares.  

	The Company shall not be required to issue fractions of Rights or to distribute Right Certificates which
evidence fractional Rights.  In lieu of such fractional Rights, there shall be paid to the registered holders of the Right
Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of
the current market value of a whole Right.  For the purposes of this Section 14(a), the current market value of a whole Right shall
be the closing price of the Rights for the Trading Day immediately prior to the date on which such fractional Rights would have been
otherwise issuable.  The closing price for any day shall be the last sale price, regular way, or, in case no such sale takes place on
such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated
transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the
Rights are not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction
reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or
admitted to trading or as reported on the Nasdaq National Market or, if the Rights are not listed or admitted to trading on any
national securities exchange or reported on the Nasdaq National Market, the last quoted price or, if not so quoted, the average of
the high bid and low asked prices in the over-the-counter market, as reported by Nasdaq or such other system then in use or, if on
any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a
professional market maker making a market in the Rights selected by the Board of Directors of the Company.  If on any such date no
such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the
Board of Directors of the Company shall be used.

	The Company shall not be required to issue fractions of Preferred Shares (other than fractions which are
integral multiples of one one-hundredth of a Preferred Share) upon exercise of the Rights or to distribute certificates which
evidence fractional Preferred Shares (other than fractions which are integral multiples of one one-hundredth of a Preferred Share).
Fractions of Preferred Shares in integral multiples of one one-hundredth of a Preferred Share may, at the election of the Company, be
evidenced by depositary receipts; provided, however, that holders of such depositary receipts shall have all of the
designations and the powers, preferences and rights, and the qualifications, limitations and restrictions to which they are entitled
as beneficial owners of the Preferred Shares represented by such depositary receipts.  In lieu of fractional Preferred Shares that
are not integral multiples of one one-hundredth of a Preferred Share, the Company shall pay to the registered holders of Right
Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current
market value of one Preferred Share.  For the purposes of this Section 14(b), the current market value of a Preferred Share shall be
the current per share market price of the Preferred Shares (as determined pursuant to the second sentence of Section 11(d)(i) hereof)
for the Trading Day immediately prior to the date of such exercise (or, if not publicly traded, in accordance with Section 11(d)(ii)
hereof).

	Following the occurrence of one of the transactions or events specified in Section 11 hereof giving rise to
the right to receive Common Shares, capital stock equivalents (other than Preferred Shares) or other securities upon the exercise of
a Right, the Company shall not be required to issue fractions of Common Shares or units of such Common Shares, capital stock
equivalents or other securities upon exercise of the Rights or to distribute certificates which evidence fractional Common Shares,
capital stock equivalents or other securities.  In lieu of fractional Common Shares, capital stock equivalents or other securities,
the Company shall pay to the registered holders of Right Certificates at the time such Rights are exercised as herein provided an
amount in cash equal to the same fraction of the current market value of one Common Share or unit of such Common Shares, capital
stock equivalents or other securities.  For purposes of this Section 14(c), the current market value shall be the current per share
market price (as determined pursuant to Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of such exercise
and, if such capital stock equivalent is not traded, each such capital stock equivalent shall have the value of one one-hundredth of
a Preferred Share.

	The holder of a Right by the acceptance of the Right expressly waives his right to receive any fractional
Rights or any fractional shares upon exercise of a Right (except as provided above).

	Rights of Action.  All rights of action in respect of this Agreement,
excepting the rights of action given to the Rights Agent under Sections 18 and 20 hereof, are vested in the respective registered
holders of the Right Certificates (and, prior to the Distribution Date, the registered holders of the Common Shares) and any
registered holder of any Right Certificate (or, prior to the Distribution Date, of the Common Shares), without the consent of the
Rights Agent or of the holder of any other Right Certificate (or, prior to the Distribution Date, of the Common Shares), may, in his
own behalf and for his own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to
enforce, or otherwise act in respect of, his right to exercise the Rights evidenced by such Right Certificate in the manner provided
in such Right Certificate and in this Agreement.  Without limiting the foregoing or any remedies available to the holders of Rights,
it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement
and will be entitled to specific performance of the obligations under, and injunctive relief against actual or threatened violations
of the obligations of any Person subject to, this Agreement.  Holders of Rights shall be entitled to recover the reasonable costs and
expenses, including attorneys fees, incurred by them in any action to enforce the provisions of this Agreement.

	Agreement of Right Holders.  Every holder of a Right, by accepting the
same, consents and agrees with the Company and the Rights Agent and with every other holder of a Right that:

	prior to the Distribution Date, the Rights will be transferable only in connection with the transfer of the
Common Shares;

	after the Distribution Date, the Right Certificates are transferable (subject to the provisions of this Rights
Agreement) only on the registry books of the Rights Agent if surrendered at the principal office of the Rights Agent, duly endorsed
or accompanied by a proper instrument of transfer; and

	the Company and the Rights Agent may deem and treat the person in whose name the Right Certificate (or, prior
to the Distribution Date, the associated Common Shares certificate) is registered as the absolute owner thereof and of the Rights
evidenced thereby (notwithstanding any notations of ownership or writing on the Right Certificates or the associated Common Shares
certificate made by anyone other than the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the
Rights Agent shall be affected by any notice to the contrary.

	Right Certificate Holder Not Deemed a Stockholder.  No holder, as such, of
any Right Certificate shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Preferred Shares or
any other securities of the Company which may at any time be issuable on the exercise of the Rights represented thereby, nor shall
anything contained herein or in any Right Certificate be construed to confer upon the holder of any Right Certificate, as such, any
of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or
other actions affecting stockholders (except as provided in Section 25 hereof), or to receive dividends or subscription rights, or
otherwise, until the Right or Rights evidenced by such Right Certificate shall have been exercised in accordance with the provisions
hereof.

	Concerning the Rights Agent.  The Company agrees to pay to the Rights
Agent reasonable compensation for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its
reasonable expenses and counsel fees and other disbursements incurred in the administration and execution of this Agreement and the
exercise and performance of its duties hereunder.  The Company also agrees to indemnify the Rights Agent for, and to hold it harmless
against, any loss, liability, or expense, incurred without negligence, bad faith or willful misconduct on the part of the Rights
Agent, for anything done or omitted by the Rights Agent in connection with the acceptance and administration of this Agreement,
including the costs and expenses of defending against any claim of liability in the premises.  The indemnity provided herein shall
survive the expiration of the Rights and the termination of this Agreement.

The Rights Agent shall be protected and shall incur no liability for, or in respect of any action taken, suffered
or omitted by it in connection with, its administration of this Agreement in reliance upon any Right Certificate or certificate for
the Preferred Shares or Common Shares or for other securities of the Company, instrument of assignment or transfer, power of
attorney, endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper or document believed by
it to be genuine and to be signed, executed and, where necessary, verified or acknowledged, by the proper person or persons, or
otherwise upon the advice of counsel as set forth in Section 20 hereof.  In no case will the Rights Agent be liable for special,
indirect, incidental or consequential or consequential loss or damage at any kind whatsoever (including but not limited to lost
profits), even if the Rights Agent has been advised of such loss or damage.

	Merger or Consolidation or Change of Name of Rights Agent.  Any
corporation into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any
corporation resulting from any merger or consolidation to which the Rights Agent or any successor Rights Agent shall be a party, or
any corporation succeeding to the shareholder services or corporate trust business of the Rights Agent or any successor Rights Agent,
shall be the successor to the Rights Agent under this Agreement without the execution or filing of any paper or any further act on
the part of any of the parties hereto, provided that such corporation would be eligible for appointment as a successor Rights Agent
under the provisions of Section 21 hereof.  In case at the time such successor Rights Agent shall succeed to the agency created by
this Agreement any of the Right Certificates shall have been countersigned but not delivered, any such successor Rights Agent may
adopt the countersignature of the predecessor Rights Agent and deliver such Right Certificates so countersigned; and in case at that
time any of the Right Certificates shall not have been countersigned, any successor Rights Agent may countersign such Right
Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights Agent; and in all such cases
such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement.

In case at any time the name of the Rights Agent shall be changed and at such time any of the Right Certificates
shall have been countersigned but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver
Right Certificates so countersigned; and in case at that time any of the Right Certificates shall not have been countersigned, the
Rights Agent may countersign such Right Certificates either in its prior name or in its changed name; and in all such cases such
Right Certificates shall have the full force provided in the Right Certificates and in this Agreement.

	Duties of Rights Agent.  The Rights Agent undertakes the duties and
obligations imposed by this Agreement upon the following terms and conditions, by all of which the Company and the holders of Right
Certificates, by their acceptance thereof, shall be bound:

	The Rights Agent may consult with legal counsel of its choice (who may be legal counsel for the Company), and
the opinion of such counsel shall be full and complete authorization and protection to the Rights Agent as to any action taken or
omitted by it in good faith and in accordance with such opinion.

	Whenever in the performance of its duties under this Agreement the Rights Agent shall deem it necessary or
desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such
fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved
and established by a certificate signed by any one of the Chairman of the Board, the Chief Executive Officer, the President, the
Chief Financial Officer, any Vice President, the Treasurer or the Secretary of the Company and delivered to the Rights Agent; and
such certificate shall be full authorization to the Rights Agent for any action taken or suffered in good faith by it under the
provisions of this Agreement in reliance upon such certificate.

	The Rights Agent shall be liable hereunder to the Company and any other Person only for its own negligence,
bad faith or willful misconduct.

	The Rights Agent shall not be liable for or by reason of any of the statements of fact or recitals contained
in this Agreement or in the Right Certificates (except its countersignature thereof) or be required to verify the same, but all such
statements and recitals are and shall be deemed to have been made by the Company only.

	The Rights Agent shall not be under any responsibility in respect of the validity of this Agreement or the
execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the validity or execution of any
Right Certificate (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or
condition contained in this Agreement or in any Right Certificate; nor shall it be responsible for any change in the exercisability
of the Rights (including the Rights becoming void pursuant to Section 11(a)(ii) hereof) or any adjustment in the terms of the Rights
(including the manner, method or amount thereof) provided for in Sections 3, 11, 13, 23 or 24 hereof, or the ascertaining of the
existence of facts that would require any such change or adjustment (except with respect to the exercise of Rights evidenced by Right
Certificates after receipt of a certificate pursuant to Section 12 hereof describing such change or adjustment); nor shall it by any
act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Preferred Shares to be
issued pursuant to this Agreement or any Right Certificate or as to whether any Preferred Shares will, when issued, be validly
authorized and issued, fully paid and nonassessable.

	The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed,
acknowledged and delivered all such further and other acts, instruments and assurances as may reasonably be required by the Rights
Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement.

	The Rights Agent is hereby authorized and directed to accept instructions with respect to the performance of
its duties hereunder from any one of the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial
Officer, any Vice President, the Secretary or the Treasurer of the Company, and to apply to such officers for advice or instructions
in connection with its duties, and it shall not be liable for any action taken or suffered by it in good faith in accordance with
instructions of any such officer or for any delay in acting while waiting for those instructions.  Any application by the Rights
Agent for written instructions from the Company may, at the option of the Rights Agent, set forth in writing any action proposed to
be taken or omitted by the Rights Agent with respect to its duties or obligations under this Agreement and the date on and/or after
which such action shall be taken or omitted and the Rights Agent shall not be liable for any action taken or omitted in accordance
with a proposal included in any such application on or after the date specified therein (which date shall not be less than three
Business Days after the date indicated in such application unless any such officer shall have consented in writing to an earlier
date) unless, prior to taking or omitting any such action, the Rights Agent has received written instructions in response to such
application specifying the action to be taken or omitted.

	The Rights Agent and any stockholder, director, officer or employee of the Rights Agent may buy, sell or deal
in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the Company may
be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Rights Agent
under this Agreement.  Nothing herein shall preclude the Rights Agent from acting in any other capacity for the Company or for any
other legal entity.

	The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty
hereunder either itself or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any
act, default, neglect or misconduct of any such attorneys or agents or for any loss to the Company resulting from any such act,
default, neglect or misconduct, provided reasonable care was exercised in the selection and continued employment thereof.

	No provision of this Agreement shall require the Rights Agent to expend or risk its own funds or otherwise
incur any financial liability in the performance of any of its duties hereunder or in the exercise of its rights if there shall be
reasonable grounds for believing that repayment of such funds or adequate indemnification against such risk or liability is not
reasonably assured to it.

	If, with respect to any Right Certificate surrendered to the Rights Agent for exercise or transfer, the
certificate attached to the form of assignment or form of election to purchase, as the case may be, has not been executed, the Rights
Agent shall not take any further action with respect to such requested exercise of transfer without first consulting with the
Company.

	Change of Rights Agent.  The Rights Agent or any successor Rights Agent
may resign and be discharged from its duties under this Agreement upon 30 days' notice in writing mailed to the Company and to each
transfer agent for the Common Shares or Preferred Shares by registered or certified mail, and to the holders of the Right
Certificates by first-class mail.  The Company may remove the Rights Agent or any successor Rights Agent upon 30 days' notice in
writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent for the Common Shares
or Preferred Shares by registered or certified mail, and to the holders of the Right Certificates by first-class mail.  If the Rights
Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights
Agent.  If the Company shall fail to make such appointment within a period of 30 days after giving notice of such removal or after it
has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a
Right Certificate (who shall, with such notice, submit his Right Certificate for inspection by the Company), then the registered
holder of any Right Certificate may apply to any court of competent jurisdiction for the appointment of a new Rights Agent.  Any
successor Rights Agent, whether appointed by the Company or by such a court, shall be either (a) a corporation business trust or
limited liability company organized and doing business under the laws of the United States or of any other state of the United States
which is authorized under such laws to exercise corporate trust or stock transfer powers and is subject to supervision or examination
by federal or state authority and which has at the time of its appointment as Rights Agent a combined capital and surplus of at least
$50 million or (b) a direct or indirect wholly owned subsidiary of such an entity or its wholly-owning parent.  After appointment,
the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally
named as Rights Agent without further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor
Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed
necessary for the purpose.  Not later than the effective date of any such appointment the Company shall file notice thereof in
writing with the predecessor Rights Agent and each transfer agent for the Common Shares or Preferred Shares, and mail a notice
thereof in writing to the registered holders of the Right Certificates.  Failure to give any notice provided for in this Section 21,
however, or any defect therein, shall not affect the legality or validity of the resignation or removal of the Rights Agent or
the appointment of the successor Rights Agent, as the case may be.

	Issuance of New Right Certificates.  Notwithstanding any of the provisions
of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in
such form as may be approved by its Board of Directors to reflect any adjustment or change in the Purchase Price and the number or
kind or class of shares or other securities or property purchasable under the Right Certificates made in accordance with the
provisions of this Agreement.  In addition, in connection with the issuance or sale of Common Shares following the Distribution Date
and prior to the earlier of the Redemption Date and the Final Expiration Date, the Company (a) shall with respect to Common Shares so
issued or sold pursuant to the exercise of stock options or under any employee plan or arrangement in existence prior to the
Distribution Date, or upon the exercise, conversion or exchange of securities, notes or debentures issued by the Company and in
existence prior to the Distribution Date, and (b) may, in any other case, if deemed necessary or appropriate by the Board of
Directors of the Company, issue Right Certificates representing the appropriate number of Rights in connection with such issuance or
sale; provided, however, that (i) the Company shall not be obligated to issue any such Right Certificates if, and to the
extent that, the Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax
consequences to the Company or the Person to whom such Right Certificate would be issued, and (ii) no Right Certificate shall be
issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof.

	Redemption. 

	The Rights may be redeemed by action of the Board of Directors pursuant to Section 23(b) hereof and shall not
be redeemed in any other manner.

	

	The Board of Directors of the Company may, at its option, at any time prior to the earlier of such time as any
Person becoming an Acquiring Person or the Final Expiration Date, redeem all but not less than all of the then outstanding Rights at
a redemption price of $0.001 per Right, appropriately adjusted to reflect any stock split, stock dividend or similar transaction
occurring after the date hereof (such redemption price being hereinafter referred to as the "Redemption Price"), and the
Company may, at its option, pay the Redemption Price in Common Shares (based on the "current per-share market price," as
such term is defined in Section 11(d) hereof, of the Common Shares at the time of redemption), cash or any other form of
consideration deemed appropriate by the Board of Directors.  The redemption of the Rights by the Board of Directors may be made
effective at such time, on such basis and subject to such conditions as the Board of Directors in its sole discretion may establish.
Notwithstanding anything contained in this Agreement to the contrary, the Rights shall not be exercisable pursuant to Section
11(a)(ii) hereof prior to the expiration or termination of the Company's right of redemption under this Section 23(b)(i).

	In addition, the Board of Directors of the Company may, at its option, at any time after the time a Person
becomes an Acquiring Person and the expiration of any period during which the holder of Rights may exercise the rights under Section
11(a)(ii) hereof but prior to any event described in clause (x), (y) or (z) of the first sentence of Section 13 hereof, redeem all
but not less than all of the then outstanding Rights at the Redemption Price (x) in connection with any merger, consolidation or sale
or other transfer (in one transaction or in a series of related transactions) of assets or earning power aggregating 50% or more of
the assets or earning power of the Company and its subsidiaries (taken as a whole) in which all holders of Common Shares are treated
alike and not involving (other than as a holder of Common Shares being treated like all other such holders) an Interested Stockholder
or a Transaction Person or (y)(A) if and for so long as the Acquiring Person is not thereafter the Beneficial Owner of 15% or more of
the then outstanding Common Shares, and (B) at the time of redemption no other Persons are Acquiring Persons.

	Immediately upon the action of the Board of Directors of the Company ordering the redemption of the Rights
pursuant to Section 23(b) hereof, and without any further action and without any notice, the right to exercise the Rights will
terminate and the only right thereafter of the holders of Rights shall be to receive the Redemption Price.  The Company shall
promptly give public notice of any such redemption; provided, however, that the failure to give, or any defect in, any such
notice shall not affect the validity of such redemption.  Within 10 days after such action of the Board of Directors ordering the
redemption of the Rights pursuant to Section 23(b) hereof, the Company shall mail a notice of redemption to all the holders of the
then outstanding Rights at their last addresses as they appear upon the registry books of the Rights Agent or, prior to the
Distribution Date, on the registry books of the transfer agent for the Common Shares, provided, however, that failure to give,
or any defect in, any such notice shall not affect the validity of such redemption.  Any notice which is mailed in the manner herein
provided shall be deemed given, whether or not the holder receives the notice.  Each such notice of redemption will state the method
by which the payment of the Redemption Price will be made.  Neither the Company nor any of its Affiliates or Associates may redeem,
acquire or purchase for value any Rights at any time in any manner other than that specifically set forth in this Section 23 or in
Section 24 hereof, and other than in connection with the purchase of Common Shares prior to the Distribution Date.

	The Company may, at its option, discharge all of its obligations with respect to any redemption of the Rights
by (i) issuing a press release announcing the manner of redemption of the Rights and (ii) mailing payment of the Redemption Price to
the registered holders of the Rights at their last addresses as they appear on the registry books of the Rights Agent or, prior to
the Distribution Date, on the registry books of the transfer agent for the Common Shares, and upon such action, all outstanding Right
Certificates shall be null and void without any further action by the Company.

	Exchange.

	The Board of Directors of the Company may, at its option, at any time after any Person becomes an Acquiring
Person, exchange all or part of the then outstanding and exercisable Rights (which shall not include Rights that have become void
pursuant to the provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio of one Common Share per Right,
appropriately adjusted to reflect any stock split, stock dividend or similar transaction occurring after the date hereof (such
exchange ratio being hereinafter referred to as the "Exchange Ratio").  Notwithstanding the foregoing, the Board of
Directors shall not be empowered to effect such exchange at any time after any Person (other than the Company, any Subsidiary of the
Company, any employee benefit plan of the Company or any such Subsidiary, or any entity holding Common Shares for or pursuant to the
terms of any such plan), together with all Affiliates and Associates of such Person, becomes the Beneficial Owner of 50% or more of
the Common Shares then outstanding.

	Immediately upon the action of the Board of Directors of the Company ordering the exchange of any Rights
pursuant to Section 24(a) hereof and without any further action and without any notice, the right to exercise such Rights shall
terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares equal to the
number of such Rights held by such holder multiplied by the Exchange Ratio.  The Company shall promptly give public notice of any
such exchange; provided, however, that the failure to give, or any defect in, such notice shall not affect the validity of
such exchange.  The Company promptly shall mail a notice of any such exchange to all of the holders of such Rights at their last
addresses as they appear upon the registry books of the Rights Agent; provided, however, that the failure to give, or any
defect in, such notice shall not affect the validity of such exchange.  Any notice which is mailed in the manner herein provided
shall be deemed given, whether or not the holder receives the notice.  Each such notice of exchange will state the method by which
the exchange of the Common Shares for Rights will be effected and, in the event of any partial exchange, the number of Rights which
will be exchanged.  Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights which have
become void pursuant to the provisions of Section 11(a)(ii) hereof) held by each holder of Rights.

	In lieu of issuing Common Shares in accordance with Section 24(a) hereof, the Company may, if a majority of
the Board of Directors then in office determines that such action is necessary or appropriate and not contrary to the interests of
the holders of Rights, elect to (and, in the event that there are not sufficient treasury shares and authorized but unissued Common
Shares to permit any exchange of the Rights in accordance with Section 24(a) hereof, the Company shall) take all such action as may
be necessary to authorize, issue or pay, upon the exchange of the Rights, cash (including by way of a reduction of the Purchase
Price), property, Common Shares, other securities or any combination thereof having an aggregate value equal to the value of the
Common Shares which otherwise would have been issuable pursuant to Section 24(a) hereof, which aggregate value shall be determined by
a nationally recognized investment banking firm selected by a majority of the Board of Directors then in office.  For purposes of the
preceding sentence, the value of the Common Shares shall be determined pursuant to Section 11(d) hereof.  Any election pursuant to
this Section 24(c) by the Board of Directors must be made within 60 days following the date on which the event described in Section
11(a)(ii) hereof shall have occurred.  Following the occurrence on the event described in Section 11(a)(ii) hereof, a majority of the
Board of Directors then in office may suspend the exercisability of the Rights for a period of up to 60 days following the date on
which the event described in Section 11(a)(ii) hereof shall have occurred to the extent that such directors have not determined
whether to exercise their rights of election under this Section 24(c).  In the event of any such suspension, the Company shall issue
a public announcement stating that the exercisability of the Rights has been temporarily suspended.

	The Company shall not be required to issue fractions of Common Shares or to distribute certificates which
evidence fractional Common Shares.  In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the
Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in cash equal to the same
fraction of the current market value of a whole Common Share.  For the purposes of this Section 24(d), the current market value of a
whole Common Share shall be the closing price of a Common Share (as determined pursuant to the second sentence of Section 11(d)(i)
hereof) for the Trading Day immediately after the date of the first public announcement by the Company that an exchange is to be
effected pursuant to this Section 24.

	The Company shall not be required to issue fractions of Preferred Shares (other than fractions which are
integral multiples of one one-hundredth of a Preferred Share) upon exchange of the Rights or to distribute certificates which
evidence fractional Preferred Shares (other than fractions which are integral multiples of one one-hundredth of a Preferred Share).
Fractions of Preferred Shares in integral multiples of one one-hundredth of a Preferred Share may, at the election of the Company, be
evidenced by depositary receipts; provided, however, that holders of such depositary receipts shall have all of the
designations and the powers, preferences and rights, and the qualifications, limitations and restrictions to which they are entitled
as beneficial owners of the Preferred Shares represented by such depositary receipts.  In lieu of fractional Preferred Shares that
are not integral multiples of one one-hundredth of a Preferred Share, the Company shall pay to the registered holders of Right
Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current
market value of one Preferred Share.  For the purposes of this Section 24(e), the current market value of a Preferred Share shall be
one hundred (100) times the closing price of a Common Share (as determined pursuant to the second sentence of Section 11(d)(i)
hereof) for the Trading Day immediately after  the date of the first public announcement by the Company that an exchange is to be
effected pursuant to this Section 24.

	Notice of Certain Events.  

	In case the Company shall propose (i) to pay any dividend payable in stock of any class to the holders of its
Preferred Shares or to make any other distribution to the holders of its Preferred Shares (other than a regular quarterly cash
dividend), (ii) to offer to the holders of its Preferred Shares rights or warrants to subscribe for or to purchase any additional
Preferred Shares or shares of stock of any class or any other securities, rights or options, (iii) to effect any reclassification of
its Preferred Shares (other than a reclassification involving only the subdivision of outstanding Preferred Shares), (iv) to effect
any consolidation or merger into or with, or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to
effect any sale or other transfer), in one or more transactions, of 50% or more of the assets or earning power of the Company and its
Subsidiaries (taken as a whole), to any other Person, (v) to effect the liquidation, dissolution or winding up of the Company, or
(vi) to declare or pay any dividend on the Common Shares payable in Common Shares or to effect a subdivision, combination or
consolidation of the Common Shares (by reclassification or otherwise than by payment of dividends in Common Shares), then, in each
such case, the Company shall give to each holder of a Right Certificate, in accordance with Section 26 hereof, a notice of such
proposed action, which shall specify the record date for the purpose of such stock dividend, or distribution of rights or warrants,
or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to take
place and the date of participation therein by the holders of the Common Shares and/or the Preferred Shares, if any such date is to
be fixed, and such notice shall be so given in the case of any action covered by clause (i) or (ii) above at least 10 days prior to
the record date for determining holders of the Preferred Shares for purposes of such action, and in the case of any such other
action, at least 10 days prior to the date of the taking of such proposed action or the date of participation therein by the holders
of the Common Shares and/or the Preferred Shares, whichever shall be the earlier.

	In case the event set forth in Section 11(a)(ii) hereof shall occur, then the Company shall as soon as
practicable thereafter give to each holder of a Right Certificate, in accordance with Section 26 hereof, a notice of the occurrence
of such event, which notice shall describe the event and the consequences of the event to holders of Rights under Section 11(a)(ii)
hereof.

(c)Prior to the Distribution Date, any notice required to be given to each holder of a Right
Certificate may be delivered by the Company by making an appropriate filing with the Securities and Exchange Commission in accordance
with the General Rules and Regulations under the Exchange Act.

	Notices.  Notices or demands authorized by this Agreement to be given or
made by the Rights Agent or by the holder of any Right Certificate to or on the Company shall be sufficiently given or made if sent
by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent) as
follows:

Walker Interactive Systems, Inc.

Marathon Plaza, Three North

303 Second Street

San Francisco, California  94107

Attention:  Corporate Secretary

Subject to the provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or
made by the Company or by the holder of any Right Certificate to or on the Rights Agent shall be sufficiently given or made if sent
by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) as follows:

Fleet National Bank,

a National Banking Association

c/o EquiServe Limited Partnership

150 Royall Street

Canton, MA  02021

Attn:  Client Administration

Notices or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the
holder of any Right Certificate shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such
holder at the address of such holder as shown on the registry books of the Company.

	Supplements and Amendments.  Prior to the Distribution Date and so long as
the Rights are then redeemable, the Company and the Rights Agent shall, if the Company so directs, supplement or amend any provision
of this Agreement without the approval of any holders of the Rights.  From and after the Distribution Date, the Company and the
Rights Agent shall, if the Company so directs, from time to time supplement or amend any provision of this Agreement without the
approval of any holders of Right Certificates in order to (i) cure any ambiguity, (ii) correct or supplement any provision contained
herein which may be defective or inconsistent with any other provisions herein, or (iii) change any other provisions with respect to
the Rights which the Company may deem necessary or desirable; provided, however, that no such supplement or amendment shall be
made which would adversely affect the interests of the holders of Rights (other than the interests of an Acquiring Person or its
Affiliates or Associates).  Any supplement or amendment adopted during any period after any Person has become an Acquiring Person but
prior to the Distribution Date shall become null and void unless such supplement or amendment could have been adopted by the Company
from and after the Distribution Date.  Any such supplement or amendment shall be evidenced by a writing signed by the Company and the
Rights Agent.  Upon delivery of a certificate from an appropriate officer of the Company which states that the proposed supplement or
amendment is in compliance with the terms of this Section 27, the Rights Agent shall execute such supplement or amendment unless the
Rights Agent shall have determined in good faith that such supplement or amendment would adversely affect its interest under this
Agreement.  Prior to the Distribution Date and so long as the Rights are then redeemable, the interests of the holders of Rights
shall be deemed coincident with the interests of the holders of Common Shares.

	Determination and Actions by the Board of Directors, Etc.  For all
purposes of this Agreement, any calculation of the number of Common Shares outstanding at any particular time, including for purposes
of determining the particular percentage of such outstanding Common Shares or any other securities of which any Person is the
Beneficial Owner, shall be made in accordance with the last sentence of Rule 13d-3(d)(1)(i) of the General Rules and Regulations
under the Exchange Act as in effect on the date of this Agreement.  The Board of Directors of the Company shall have the exclusive
power and authority to administer this Agreement and to exercise all rights and powers specifically granted to the Board, or the
Company, or as may be necessary or advisable in the administration of this Agreement, including without limitation, the right and
power to (i) interpret the provisions of this Agreement, and (ii) make all determinations deemed necessary or advisable for
the administration of this Agreement (including a determination to redeem or not redeem the Rights or to amend the Agreement).  All
such actions, calculations, interpretations and determinations (including, for purposes of clause (y) below, all omissions with
respect to the foregoing) which are done or made by the Board in good faith, shall (x) be final, conclusive and binding on the Rights
Agent and the holders of the Rights, and (y) not subject the Board to any liability to the holders of the Rights.

	Successors.  All the covenants and provisions of this Agreement by or for
the benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective successors and assigns
hereunder.

	Benefits of this Agreement.  Nothing in this Agreement shall be construed
to give to any person or corporation other than the Company, the Rights Agent and the registered holders of the Right Certificates
(and, prior to the Distribution Date, the Common Shares) any legal or equitable right, remedy or claim under this Agreement; but this
Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Right
Certificates (and, prior to the Distribution Date, the Common Shares).

	Severability.  If any term, provision, covenant or restriction of this
Agreement 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 Agreement shall remain in full force and effect and shall in no way be
affected, impaired or invalidated.

	Governing Law.  This Agreement and each Right Certificate issued hereunder
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 to be made and performed entirely within such State.

	Counterparts.  This Agreement 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.

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

In Witness Whereof, parties whereto have caused this Agreement to be duly executed, all as of the day and
year first above written.

Attest:Walker Interactive Systems, Inc.

 

	

Alan C. Mendelson

	

Frank M. Richardson

	

Secretary

	

Chief Executive Officer

 

Attest:Fleet National Bank, 

a National Banking Association

 

By: By: 

Title: Title: 

 

 

SECTION 1.Certain Definitions1

SECTION 2.Appointment of Rights Agent4

SECTION 3.Issue of Right Certificates4

SECTION 4.Form of Right Certificates6

SECTION 5.Countersignature and Registration6

SECTION 6.Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right
Certificates7

SECTION 7.Exercise of Rights; Purchase Price; Expiration Date of Rights7

SECTION 8.Cancellation and Destruction of Right Certificates9

SECTION 9.Availability of Preferred Shares9

SECTION 10.Preferred Shares Record Date10

SECTION 11.Adjustment of Purchase Price, Number of Shares or Number of Rights10

SECTION 12.Certificate of Adjusted Purchase Price or Number of Shares17

SECTION 13.Consolidation, Merger or Sale or Transfer of Assets or Earning Power17

SECTION 14.Fractional Rights and Fractional Shares20

SECTION 15.Rights of Action21

SECTION 16.Agreement of Right Holders22

SECTION 17.Right Certificate Holder Not Deemed a Stockholder22

SECTION 18.Concerning the Rights Agent22

SECTION 19.Merger or Consolidation or Change of Name of Rights Agent23

SECTION 20.Duties of Rights Agent23

SECTION 21.Change of Rights Agent25

SECTION 22.Issuance of New Right Certificates26

SECTION 23.Redemption27

SECTION 24.Exchange28

SECTION 25.Notice of Certain Events30

SECTION 26.Notices30

SECTION 27.Supplements and Amendments31

SECTION 28.Determination and Actions by the Board of Directors, Etc.32

SECTION 29.Successors32

SECTION 30.Benefits of this Agreement32

SECTION 31.Severability32

SECTION 32.Governing Law32

SECTION 33.Counterparts32

SECTION 34.Descriptive Headings32

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