Document:

a50363477ex4-1.htm

Exhibit 4.1

 

 

SECOND AMENDMENT TO THE RIGHTS AGREEMENT

BETWEEN

J. ALEXANDER’S CORPORATION

AND

COMPUTERSHARE TRUST COMPANY, N.A.

THIS SECOND AMENDMENT TO THE RIGHTS AGREEMENT (this “Second Amendment”) is made as of July 30, 2012, between J. Alexander’s Corporation, a Tennessee corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”).  Capitalized terms used but not otherwise defined in this Second Amendment shall have the meanings given them in the Rights Agreement.

WHEREAS, the Company and the Rights Agent are parties to that certain Rights Agreement, dated as of March 5, 2012, between the Company and Rights Agent, and as amended by that First Amendment to the Rights Agreement, dated June 22, 2012, between the Company and Rights Agent (collectively, as amended the “Rights Agreement”);

WHEREAS, the Company has previously entered into an Agreement and Plan of Merger, dated June 22, 2012 (the “Original Merger Agreement”), by and among the Company, Fidelity National Financial, Inc., a Delaware corporation (“Parent”), Fidelity Newport Holdings, LLC, a Delaware limited liability company (“Operating Company”), American Blue Ribbon Holdings, Inc., a Delaware corporation and an indirect, majority-owned subsidiary of Parent (“Purchaser”), and Athena Merger Sub, Inc., a Tennessee corporation and direct, wholly owned subsidiary of Purchaser (“Old Merger Sub”);

WHEREAS, the Company is contemplating entering into an Amended and Restated Agreement and Plan of Merger (as the same may be amended from time to time, the “Restated Merger Agreement”), by and among the Company, Parent, New Athena Merger Sub, Inc., a Tennessee corporation and a direct, wholly owned subsidiary of Parent (“New Merger Sub”), the Operating Company, Purchaser, and Old Merger Sub, which amends and restates the Original  Merger Agreement and pursuant to which Parent will cause New Merger Sub to make a tender offer to purchase each share of common stock, par value $0.05 per share, of the Company(the “Tender Offer”), after the consummation of which, New Merger Sub will then merge with and into the Company (the “Merger”) with the Company as the surviving corporation thereof;

WHEREAS, the Board of Directors of the Company has approved the Restated Merger Agreement, the Tender Offer and the Merger and determined that an amendment to the Rights Agreement as set forth herein is desirable in connection with the execution and delivery of the Restated Merger Agreement, and the Company and the Rights Agent desire to evidence such amendment in writing;

WHEREAS, upon the execution and delivery of the Restated Merger Agreement, Parent, Operating Company, Purchaser, Merger Sub and/or their Associates and Affiliates may be deemed to be Acquiring Persons under the Rights Agreement, which would trigger certain events pursuant to the terms of the Rights Agreement; and

 

 

  

  

  

 

WHEREAS, pursuant to Section 27 of the Rights Agreement, the Board of Directors of the Company has approved this Second Amendment and authorized its appropriate officers to execute and deliver the same to the Rights Agent.

NOW, THEREFORE, in consideration of the promises and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.           Amendment of Section 1(a): Definition of “Acquiring Person.” The definition of “Acquiring Person” set forth in Section 1(a) of the Rights Agreement is hereby amended by restating the last sentence of that definition as follows:

“Notwithstanding anything in this Agreement to the contrary, no Person shall become an Acquiring Person by reason of (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, or (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger.”

2.           Amendment of Section 1(h): Definition of “Distribution Date.” The definition of “Distribution Date” set forth in Section 1(h) of the Rights Agreement is hereby deleted and restated in its entirety as follows:

“‘Distribution Date’ shall have the meaning set forth in Section 3(a) hereof; provided, however, that, notwithstanding anything in this Agreement to the contrary, a Distribution Date shall not be deemed to have occurred by reason of (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, or (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger.”

3.           Amendment of Section 1(z): Definition of “Shares Acquisition Date.” The definition of “Shares Acquisition Date” set forth in Section 1(z) of the Rights Agreement is hereby amended by restating the last sentence of that definition as follows:

“Notwithstanding anything in this Agreement to the contrary, a Shares Acquisition Date shall not be deemed to have occurred by reason of (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, or (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger.”

 

 

  

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4.           Amendment of Section 1: Other Definitions. Section 1 of the Rights Agreement is hereby further amended by adding the following subparagraphs at the end thereof:

(ll)           “Tender Offer” shall have the meaning set forth in Section 35 hereof.

(mm)           “Second Amendment” shall mean the Second Amendment to the Rights Agreement, dated as of July 30, 2012, between the Company and the Rights Agent.

5.           Amendment of Section 11(a)(ii). Section 11(a)(ii) of the Rights Agreement is hereby amended by restating the last sentence of that section as follows:

“Notwithstanding anything in this Agreement to the contrary, neither (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, nor (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger, shall be deemed to be an event described in this Section 11(a)(ii) or cause the Rights to be adjusted or to become exercisable in accordance with this Section 11 or otherwise.”

6.           Amendment of Section 13. Section 13 of the Rights Agreement is hereby amended by restating the last sentence of that section as follows:

“Notwithstanding anything in this Agreement to the contrary, neither the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, nor (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger, shall be deemed to be an event described in this Section 13 or cause the Rights to be adjusted or to become exercisable in accordance with this Section 13 or otherwise.”

7.           Amendment of Section 25.  Section 25 of the Rights Agreement is hereby amended by restating the last sentence of that section as follows:

“Notwithstanding anything in this Agreement to the contrary, neither the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, nor (ii) the consummation of the transactions contemplated thereby, including the Tender Offer and the Merger, shall be deemed to be an event requiring any notice described in this Section 25.”

 

 

  

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8.           Amendment of Section 35. Section 35 of the Rights Agreement is hereby deleted and restated in its entirety as follows:

“Section 35.          Merger with Athena Merger Sub.  The Company, Fidelity National Financial, Inc., a Delaware corporation (“Parent”), Fidelity Newport Holdings, LLC, a Delaware limited liability company (“Operating Company”), American Blue Ribbon Holdings, Inc., a Delaware corporation and an indirect, majority-owned subsidiary of Parent (“Purchaser”), and Athena Merger Sub, Inc., a Tennessee corporation and direct, wholly owned subsidiary of Purchaser, have entered into an Agreement and Plan of Merger, dated as of June 22, 2012, which was subsequently amended by that Amended and Restated Agreement and Plan of Merger, dated July 30, 2012 (as it may be amended from time to time, the “Merger Agreement”), by and among the Company, Parent, Operating Company, Purchaser, Athena Merger Sub, Inc. and New Athena Merger Sub, Inc. (“Merger Sub”) pursuant to which pursuant to which Parent will cause New Merger Sub to make a tender offer to purchase each share of common stock, par value $0.05 per share, of the Company (the tender offer and the subsequent purchase of tendered shares, the “Tender Offer”), after the consummation of which, New Merger Sub will then merge with and into the Company (the “Merger”) with the Company as the surviving corporation thereof. Notwithstanding anything in this Agreement to the contrary, if the Merger Agreement shall be terminated for any reason, then all of the amendments to this Agreement effected by the Amendment or the Second Amendment shall be deemed repealed and deleted without any further action on the part of the Company or the Rights Agent, and the Company will promptly notify the Rights Agent of such repeal and deletion.”

 

9.           Effectiveness. This Second Amendment shall be deemed effective as of, and immediately prior to, the execution and delivery of the Restated Merger Agreement, and the Company will promptly notify the Rights Agent of effective date of this Second Amendment. The Rights Agreement, as amended by this Second Amendment, shall remain in full force and effect in accordance with its terms and shall be otherwise unaffected hereby.

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

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

12.         Severability. The invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of any other term or provision hereof.  If any term, provision, covenant or restriction of this Second Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Second Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 

 

  

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13.         Governing Law. This Second Amendment shall be deemed to be a contract made under the laws of the State of Tennessee and for all purposes shall be governed by and construed in accordance with the laws of said State applicable to contracts to be made and performed entirely within said State, except that the rights, duties, and obligations of the Rights Agent shall be governed by, and construed in accordance with, the laws of the Commonwealth of Massachusetts applicable to contracts to be made and performed entirely within such state.

14.         Counterparts. This Amendment 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.  A signature to this Second Amendment transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

[Remainder of Page Intentionally Left Blank]

 

  

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

 

	
Attest:

	
J. ALEXANDER’S CORPORATION

	 	 
	
By:

	
/s/ R. Gregory Lewis                                  

	
By: /s/ Lonnie J. Stout II                      

	  	
Name:

	
R. Gregory Lewis

	  	
Name:

	
Lonnie J. Stout II

	  	
Title:

	
Vice President of Finance

	  	
Title:

	
Chairman, President and

	  	  	
 and Secretary

	  	  	
Chief Executive Officer

	  	  	  	  	  	  
	  	  	  	  	  	  
	  	  	  	  	  	  
	
Attest:

	
COMPUTERSHARE TRUST

	  	  	  	
COMPANY, N.A.

	  	  	  	  	  	  
	
By:

	
/s/ Melinda Altman                                    

	
By:

	
/s/ Dennis V. Moccia                       

	  	
Name:

	
Melinda Altman

	  	
Name:

	
Dennis V. Moccia

	  	
Title:

	
Relationship Manager

	  	
Title:

	
Manager, Contract

	  	  	  	  	  	
Administration

 

 

[Signature Page to Second Amendment to Rights Agreement]a50363477ex10-1.htm

Exhibit 10.1

Execution Version

 

OMNIBUS TERMINATION AND RELEASE AGREEMENT

 

July 30, 2012

 

 

This Omnibus Termination and Release Agreement (the “Agreement”) is made as of the date first written above by and among the undersigned parties (each, a “Party,” and collectively, the “Parties”).

 

WHEREAS, as a condition to the execution and delivery of the Amended and Restated Agreement and Plan of Merger by and among (i) Fidelity National Financial, Inc. (“Parent”), (ii) solely for the purposes of Section 9.14 Fidelity Newport Holdings, LLC (the “Operating Company”), (iii) solely for the purpose of Section 9.14 American Blue Ribbon Holdings, Inc. (“Purchaser”), (iv) New Athena Merger Sub, Inc. (“New Merger Sub”), (v) Athena Merger Sub, Inc. (“Old Merger Sub”) and (vi) J. Alexander’s Corporation (the “Company”), dated as of July 30, 2012 (the “Agreement”), each Party is terminating each of the agreements to which it is a party set forth on Schedule A hereto (each, a “Terminated Agreement,” and collectively, the “Terminated Agreements”) that was originally entered into in connection with  the Agreement and Plan of Merger by and among (i) Parent, (ii) the Operating Company, (iii) Purchaser, (iv) Old Merger Sub and (v) the Company, dated as of June 22, 2012 (the “Prior Agreement”).

 

WHEREAS, each of the Parties is a party to one or more of the Terminated Agreements, and each Party desires to terminate, release and be released from its respective rights, claims and obligations under such Terminated Agreement(s) pursuant to the terms of this Agreement.

 

WHEREAS, capitalized terms used but not defined herein shall have the meanings set forth in the Merger Agreement.

 

NOW, THEREFORE, in consideration of the promises, representations, warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, each of the Parties hereby agrees as follows:

 

1.           Intent of Agreement.  This Agreement is intended by the Parties to be a full and final settlement and release of any and all claims, known or unknown, of any type or nature among the Parties related to, or arising out of, the Terminated Agreements.

 

2.           Termination of Terminated Agreements.  Each of the Parties hereby agrees that, as of the date hereof, (a) each of the Terminated Agreements to which such Party is a party shall terminate and be of no further force or effect and (b) none of the parties to such Terminated Agreement(s) shall have any further rights, duties, liabilities or obligations of any nature whatsoever with respect to, in connection with, or otherwise arising out of, such Terminated Agreement(s).

 

3.           Release.  Each of the Parties (the “Releasors”), on behalf of itself and each of its successors and assigns, hereby releases, forever discharges and covenants not to take any action against any of the other parties to the Terminated Agreement(s) to which such Releasor is a party and any of such other parties’ respective representatives, directors, officers, attorneys, agents, employees, Affiliates, shareholders, controlling persons, subsidiaries, successors and assigns (individually, a “Releasee,” and collectively, “Releasees”) from, and with respect to, any and all claims, dues and demands, proceedings, causes of action, orders, obligations, contracts and agreements, debts and liabilities of any nature whatsoever, whether at law or in equity, that such Releasor or any of such Releasor’s successors and assigns now has, has ever had or may hereafter have against the respective Releasees with respect to, in connection with, or otherwise arising out of, such Terminated Agreement(s).

 

  

  

  

 

4.           Execution in Counterparts.  This Agreement may be executed and delivered in any number of counterparts and by the Parties in separate counterparts, each of which when so executed and delivered shall be deemed an original and all of which taken together shall constitute one and the same original agreement.

 

5.           Successors; Governing Law.  This Agreement shall be binding upon each of the Parties and their respective successors and assigns.  This Agreement shall be, in all respects, governed by the laws of the State of Tennessee without reference to conflict of law principles.

 

[Remainder of Page Intentionally Left Blank]

 

  

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IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be signed in their name by their proper officer(s) thereunto duly authorized, as of the date first above written.

 

	  	
FIDELITY NATIONAL FINANCIAL, INC.

	  	  
	 	 
	 	 
	  	
By:

	
/s/ Michael L. Gravelle

	  	
Name:

	
Michael L. Gravelle

	  	
Title:

	
Executive Vice President, General

	  	  	  	
Counsel and Corporate Secretary

 

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

	  	
FIDELITY NATIONAL SPECIAL OPPORTUNITIES, INC.

	  	  	  
	 	 	 
	 	 	 
	  	
By:

	
/s/ Michael L. Gravelle

	  	
Name:

	
Michael L. Gravelle

	  	
Title:

	
Executive Vice President, General

	  	  	  	
Counsel and Corporate Secretary

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

	  	
NEWPORT GLOBAL OPPORTUNITIES FUND, LP

	 	 
	 	 
	  	  	  	  
	  	
By:

	
/s/ Timothy T. Janszen

	  	
Name:

	
Timothy T. Janszen

	  	
Title:

	
 Chief Executive Officer

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

	  	
AMERICAN BLUE RIBBON HOLDINGS, INC.

	 	 
	 	 
	  	  	  	  
	  	
By:

	
/s/ Goodloe Partee

	  	
Name:

	
Goodloe Partee

	  	
Title:

	
 Authorized Person

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

	  	
FIDELITY NEWPORT HOLDINGS, LLC

	 	 
	 	 
	  	  	  	  
	  	
By:

	
/s/ Hazen Ouf

	  	
Name:

	
Hazem Ouf

	  	
Title:

	
Chief Executive Officer

 

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

	  	
J. ALEXANDER’S CORPORATION

	 	 
	 	 
	  	  	  	  
	  	
By:

	
/s/ Lonnie J. Stout II

	  	
Name:

	
Lonnie J. Stout II

	  	
Title:

	
Chairman, President and

	  	  	  	
Chief Executive Officer

 

 

[SIGNATURE PAGE TO OMNIBUS TERMINATION AGREEMENT]

 

  

  

  

 

Schedule A

 

Terminated Agreements

 

 

	
1.

	
Subscription Agreement, dated as of June 22, 2012, by and among American Blue Ribbon Holdings, Inc. and each of the Purchasers (as defined therein).

 

	
2.

	
Exchange Agreement, dated as of June 22, 2012, by and among Purchaser, the Operating Company, the Company and each of the holders of LLC Units (as defined therein) from time to time party thereto.

 

	
3.

	
Asset Contribution Agreement, dated as of June 22, 2012, by and between the Company and the Operating Company.

 

	
4.

	
Agreement and Plan of Restructuring of J. Alexander’s Corporation, dated as of June 22, 2012, by and among the Company, Parent and Purchaser.

 

 

*   *   *

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