Document:

Exhibit 4.1

 

AMENDMENT TO RIGHTS AGREEMENT

 

THIS AMENDMENT (the “Amendment”), dated as of April 24,
2006, to the Rights Agreement (the “Rights
Agreement”), dated as of October 28, 2004, between Manugistics
Group, Inc. a Delaware corporation (the “Company”),
and Computershare Trust Company, N.A., a national banking association, as
Rights Agent (the “Rights Agent”),
is being executed at the direction of the Company. Capitalized terms used
without definition in this Amendment shall have the meanings ascribed to them
in the Rights Agreement.

 

WHEREAS, the Company, JDA Software Group, Inc., a
Delaware corporation (“Parent”) and
Stanley Acquisition Corp., a Delaware corporation and a wholly owned subsidiary
of Parent (“Merger Sub”) intend to enter into
an Agreement and Plan of Merger (the “Merger Agreement”)
pursuant to which, among other things, Merger Sub will merge with and into the
Company (the “Merger”), with the Company
surviving as a wholly owned subsidiary of Parent;

 

WHEREAS, on April 23,
2006, the Board of Directors of the Company resolved to amend the Rights
Agreement to render the Rights inapplicable to the Merger and the other
transactions contemplated by the Merger Agreement; and

 

WHEREAS, Section 27 of
the Rights Agreement permits the Company from time to time to supplement and
amend the Rights Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and
the agreements, provisions and covenants herein contained, the parties agree as
follows:

 

SECTION 1.              A new Section 13(e) is
hereby added as follows:

 

“(e) Permitted Transactions. Reference is made to the Agreement
and Plan of Merger by and among JDA Software Group, Inc., a Delaware
corporation (“Parent”),  Stanley Acquisition Corp., a Delaware
corporation and a wholly owned subsidiary of Parent (“Merger Sub”)
and the Company, dated as of April 24, 2006, as it may be amended
from time to time  (the “Merger Agreement”). All capitalized terms used in this Section 13(e) shall
have the meanings given to them in the Merger Agreement unless otherwise defined
herein. Notwithstanding any other provision of this Agreement to the contrary,
neither Parent nor Merger Sub nor any of their respective Affiliates shall be
or become an Acquiring Person, and the Rights will not separate from the Common
Stock or be exercisable or exchangeable for shares of the Company’s capital
stock, solely as a result of the execution, delivery, consummation or
performance of the Merger Agreement, the Voting Agreements and the transactions
contemplated thereby, in each case in accordance with the terms thereof, as
such terms may be amended by the parties thereto. In addition,
notwithstanding any other provision of this Agreement, neither a Distribution
Date, Stock Acquisition Date nor Triggering Event shall be deemed to occur,
solely as a result of (i) the adoption, approval, execution or
consummation of the Merger Agreement, the Voting Agreements and the
transactions contemplated thereby, in each case in accordance with the terms
thereof, as such terms may be amended from time to time by the parties
thereto or (ii) the public announcement of such adoption, approval,

 

 

execution or
consummation, and none of the Company, Parent, Merger Sub, nor the Surviving
Corporation, nor any of their respective Affiliates, shall have any obligations
under this Agreement as of and following the consummation of the Merger. If the
Merger is not consummated in accordance with the terms of the Merger Agreement
and/or the Merger Agreement is terminated in accordance with its terms, then
this Section 13(e) shall no longer be applicable with respect to the
determination of whether Parent or Merger Sub or any of their respective
Affiliates is an “Acquiring Person.”

 

SECTION 2.              Section 1(s)
is hereby amended and restated to read in its entirety as follows:

 

(s) “Final Expiration
Date” shall mean the earlier of (i) the close of business on October 27,
2014 or (ii) the Effective Time (as defined in the Merger Agreement (as
such term is defined in Section 13(e))).

 

SECTION 3.              This Amendment
shall become effective as of the day and year first written above. Except as
modified by this Amendment, the Rights Agreement shall remain in full force and
effect without any modification. In the event of a conflict or inconsistency
between this Amendment and the Rights Agreement and the exhibits thereto, the
provisions of this Amendment shall govern.

 

SECTION 4.              By executing
this Amendment below, the Company certifies that this Amendment has been
executed and delivered in compliance with the terms of Section 27of the
Rights Agreement. This Amendment shall be irrevocable and each of Parent and
Merger Sub shall be an express third party beneficiary hereof.

 

SECTION 5.              This Amendment may be
executed in several counterparts, each of which shall constitute an original
and all of which, when taken together, shall constitute one agreement.

 

 

The parties hereto have caused this Amendment to be
executed and delivered as of the day and year first written above.

 

 

	
   

  	
  /s/ Joseph L. Cowan

  	
   

  
	
   

  	
  Manugistics Group, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name: Joseph L. Cowan

  	
   

  
	
   

  	
  Title: Chief Executive Officer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Catherine Anderson

  	
   

  
	
   

  	
  Computershare Trust
  Company, N.A.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name: Catherine Anderson

  	
   

  
	
   

  	
  Title: Managing DirectorExhibit 4.01

 

	
  CUSIP NO. 52517PG70

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  REGISTERED

  	
   

  	
   

  	
  PRINCIPAL
  AMOUNT: $3,000,000

  
	
  No. R-1

  	
   

  	
   

  

 

LEHMAN BROTHERS HOLDINGS INC.

 

MEDIUM-TERM NOTE, SERIES H

 

USD/TRY FX-LINKED
DIGITAL NOTE
DUE APRIL 20, 2007

 

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF
THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE
DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER
STREET, NEW YORK, NEW YORK) TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT
IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR
NOTES IN CERTIFICATED FORM (A “CERTIFICATED NOTE”), THIS GLOBAL SECURITY MAY NOT
BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE
DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER
NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

 

 

LEHMAN BROTHERS HOLDINGS INC., a corporation duly
organized and existing under the laws of the State of Delaware (herein called
the “Company,” which term includes any successor corporation under the
Indenture referred to on the reverse hereof), for value received, hereby
promises to pay to CEDE & Co., or registered assigns, on the Maturity
Date, an amount equal to the Redemption Amount. The Notes do not bear interest.
No payments on the Notes will be made until the Maturity Date.

 

The “Maturity Date” is April 20, 2007, or if such
day is not a Business Day, on the next following Business Day.

 

The Redemption Amount, for each $1 principal amount of
the Notes represented hereby, is the amount equal to the sum of (i) the
Principal Protection times $1 plus (ii) the Additional Amount.

 

The “Principal Protection” is 97.0%.

 

The “Additional Amount”, for
each $1 principal amount of the Notes represented hereby is equal to (subject
to the occurrence of a Disruption Event) $1 multiplied by:

 

•                  21%, if the
Settlement Rate is less than or equal to the Reference Level; or

 

•                  0%, if the
Settlement Rate is greater than the Reference Level.

 

The “Settlement Rate” for the Reference Currency is
the Reference Exchange Rate on the Valuation Date, observed as per the
Settlement Rate Option (subject to the occurrence of a Price Source
Unavailability Event).

 

The “Reference
Level” is 1.3505.

 

The “Reference Currency” is
the Turkish Lira (TRY).

 

The “Reference Exchange Rate” is
the spot exchange rate for the Reference Currency quoted against the U.S.
dollar expressed as the number of units of the Reference Currency per USD 1.

 

The “Settlement
Rate Option” for the Reference Currency is as follows:

 

	
  Reference

  Currency

  	
   

  	
  Settlement Rate Option

  
	
  TRY

  	
   

  	
  The spot rate in
  (A) divided by the spot rate in (B)

  (A) The Turkish Lira/Euro fixing rate, expressed as the amount of
  Turkish Lira per one Euro which appears on Reuters Screen ECB37 to the right
  of the caption “TRY” at approximately 2:15 p.m., Central European time,
  on the Valuation Date.

  (B) The U.S. Dollar/Euro fixing rate, expressed as the amount of U.S.
  Dollar per one Euro which appears on Reuters Screen ECB37 to the right of the
  caption “USD” at approximately 2:15 p.m., Central European time, on the
  Valuation Date.

  

 

The screen or time of
observation indicated in relation to the Settlement Rate Option above shall be
deemed to refer to such screen or time of observation as modified or amended
from time to time, or to any substitute screen thereto.

 

2

 

The “Valuation
Date” is April 16, 2007 or, if such day is not a Valuation Business Day,
the immediately preceding Valuation Business day.

 

A “Valuation Business Day” means any day on which the Trans-European
Automated Real-Time Gross Settlement Express Transfer (TARGET) System is open.

 

A
“Business Day”, notwithstanding any provision in the Indenture, is any day that
is not is not a Saturday or Sunday and that is not a day on which banking
institutions in New York City generally are authorized or obligated by law or
executive order to be closed.

 

Upon the occurrence of a Disruption Event with
respect to any Reference Currency on any day during the term of the notes, the
Calculation Agent shall determine the Additional Amount payable on the Maturity
Date in good faith and in a commercially reasonable manner.

 

A “Disruption Event” means any of the following
events (other than a Price Source Unavailability Event), as determined in good
faith by the Calculation Agent:

 

(A)                              the occurrence
and/or existence of an event on any day that has the effect of preventing or
making impossible (i) the conversion
of TRY into USD through customary legal channels or (ii) the delivery of
(x) USD from accounts inside Turkey to accounts outside Turkey or (y) of TRY
between accounts inside Turkey or to a party that is a non-resident of Turkey;

 

(B)                                the occurrence of any
event causing the Reference Exchange Rate for any Reference Currency to be
split into dual or multiple currency exchange rates; or

 

(C)                                the occurrence and/or existence of any event (other
than those set forth in (A) or (B) above or those constituting a
Price Source Unavailability Event) with respect to the Reference Currency that
prevents or makes impossible (x) the Calculation Agent’s ability to calculate
the Additional Amount, (y) the fulfilment of the obligations of the Company
under the notes, or (z) the ability of the Company or of any of its affiliates
through which the Company hedges its position under the notes to hedge such
position or to unwind all or a material portion of such hedge.

 

Upon the occurrence of a Price Source Unavailability
Event with respect to a Reference Currency, the Settlement Rate for the
Reference Currency will be determined in accordance with the Fallback Rate
Observation Methodology.

 

A “Price Source Unavailability Event” means, as determined in good
faith by the Calculation Agent, the Settlement Rate being unavailable for the
Reference Currency, or the occurrence of an event (other than an event
constituting a Disruption Event) that generally makes it impossible to obtain
the Settlement Rate for the Reference Currency, on the Valuation Date.

 

The “Fallback Rate
Observation Methodology” means that the Settlement Rate for the Reference
Currency will be calculated on the basis of the arithmetic mean of the
applicable spot quotations received by the Calculation Agent at approximately
10:00 a.m., New York City time, on the Valuation Business Day next
succeeding the Valuation Date, for the purchase or sale for deposits in the
Reference Currency by the New York offices of three leading banks engaged in
the interbank market (selected in the sole discretion of the Calculation Agent)
(the “Reference Banks”). If fewer than three Reference Banks provide spot
quotations, then the Settlement Rate will be calculated on the basis of the
arithmetic mean of the applicable spot quotations received by the Calculation
Agent at approximately 10:00 a.m., New York City time,

 

3

 

on the relevant date from
two Reference Banks (selected in the sole discretion of the Calculation Agent),
for the purchase or sale for deposits in the Reference Currency. If these spot
quotations are available from only one Reference Bank, then the Calculation
Agent, in its sole discretion, will determine whether that quotation is
reasonable to be used. If no spot quotation is available, then the Settlement
Rate for such Reference Currency will be determined by the Calculation Agent in
good faith and in a commercially reasonable manner.

 

Except
as provided below, the Redemption Amount may, at the option of the Company, be
made by check mailed to the person entitled thereto at such person’s address as
it appears on the registry books of the Company.

 

Payment
of the Redemption Amount will be made in immediately available funds upon
surrender of this Note at the corporate trust office or agency of the Trustee
(or any duly appointed Paying Agent) maintained for that purpose in the Borough
of Manhattan, New York City (the “Corporate Trust Office”), provided that this
Note is presented to the Trustee (or any such Paying Agent) in time for the
Trustee (or any such Paying Agent) to make such payments in such funds in
accordance with its normal procedures.

 

The
Company will pay any administrative costs imposed by banks in making payments
in immediately available funds, but any tax, assessment or governmental charge
imposed upon payments hereunder, including, without limitation, any withholding
tax, will be borne by the Holder hereof.

 

References
herein to “USD”, “U.S. dollars” or “U.S.$” or “$” are to the coin or currency
of the United States as at the time of payment is legal tender for the payment
of public and private debts.

 

REFERENCE
IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE
HEREOF. SUCH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS
IF SET FORTH AT THIS PLACE.

 

This
Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been signed by the Trustee
under the Indenture.

 

4

 

IN
WITNESS WHEREOF, Lehman Brothers Holdings Inc. has caused this instrument to be
signed by its Chairman of the Board, its President, its Vice Chairman, its
Chief Financial Officer, one of its Vice Presidents or its Treasurer, by manual
or facsimile signature under its corporate seal, attested by its Secretary or
one of its Assistant Secretaries by manual or facsimile signature.

 

	
  Dated:  April 20, 2006

  	
   

  
	
   

  	
   

  
	
  [SEAL]

  	
  LEHMAN BROTHERS
  HOLDINGS INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  

 

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the
Securities of the series designated herein referred to in the
within-mentioned Indenture.

 

CITIBANK, N.A.

  as
Trustee

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized
  Officer

  	
   

  

 

 

[REVERSE OF NOTE]

 

LEHMAN BROTHERS HOLDINGS INC.

MEDIUM-TERM NOTES, SERIES H

USD/TRY FX-LINKED DIGITAL NOTE
DUE APRIL 20, 2007

 

Section 1. General. This Note is one of a duly
authorized series of Notes of the Company designated as the Medium-Term
Notes, Series H, USD/TRY FX-Linked Digital Note (herein called the “Notes”). The Notes are one of an indefinite
number of series of debt securities of the Company (collectively, the “Securities”)
issued or issuable under and pursuant to an indenture dated as of September 1,
1987, as amended and supplemented (the “Indenture”), duly executed and
delivered by the Company and Citibank, N.A., as Trustee (herein called the “Trustee”),
to which Indenture and all indentures supplemental thereto reference is hereby
made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the holders of
the Securities. The separate series of Securities may be issued in
various aggregate principal amounts, may mature at different times, may bear
interest (if any) at different rates, may be subject to different
redemption provisions or repurchase rights (if any), may be subject to
different sinking, purchase or analogous funds (if any), may be subject to
different covenants and Events of Default and may otherwise vary as in the
Indenture provided.

 

Section 2.
Principal Amount for Indenture Purposes. For the purpose of determining
whether Holders of the requisite amount of Notes of this series outstanding
under the Indenture have made a demand, given a notice or waiver or taken any
other action, the principal amount of this Note will be deemed to be the
principal amount of this Note then outstanding.

 

Section 3.
Modification and Waivers. The Indenture contains provisions permitting
the Company and the Trustee, with the consent of the Holders of not less than
66-2/3% in aggregate principal amount of each series of the Securities at
the time Outstanding to be affected, evidenced as in the Indenture provided, to
execute supplemental indentures adding any provisions to or changing in any
manner or eliminating any of the provisions of the Indenture or of any
supplemental indenture or modifying in any manner the rights of the holders of
the Securities of all such series; provided, however, that no such supplemental
indenture shall, among other things, (i) change the fixed maturity of any
Security, or reduce the Redemption Amount or the principal amount thereof, or
reduce the rate or extend the time of payment of interest thereon or reduce any
premium or other amount payable on redemption, or make the Redemption Amount or
the principal amount thereof, premium or other amount payable, if any, or
interest thereon payable in any coin or currency other than that hereinabove
provided, without the consent of the Holder of each Security so affected, or (ii) change
the place of payment on any Security, or impair the right to institute suit for
payment on any Security, or reduce the aforesaid percentage of Securities, the
holders of which are required to consent to any such supplemental indenture, without
the consent of the holders of each Security so affected. It is also provided in
the Indenture that, prior to any declaration accelerating the maturity of any series of
Securities, the holders of a majority in aggregate principal amount of the
Securities of such series Outstanding may on behalf of the holders of
all the Securities of such series waive any past

 

 

default or Event of
Default under the Indenture with respect to such series and its
consequences, except a default in the payment of interest, if any, on the
Redemption Amount or the principal amount, or premium, if any, on any of the
Securities of such series, or in the payment of any sinking fund installment or
analogous obligation with respect to Securities of such series. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future holders and owners of this Note and any
Notes of this series which may be issued in exchange or substitution
herefor, irrespective of whether or not any notation thereof is made upon this
Note or such other Notes of this series.

 

Section 4.
Obligations Unconditional. No reference herein to the Indenture and no
provisions of this Note or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the
Redemption Amount or the principal amount on this Note at the place, at the
respective times, at the rate, and in the coin or currency herein prescribed.

 

Section 5.
Defeasance. The Indenture contains provisions for the discharge of the
Indenture and defeasance at any time of the indebtedness on this Note upon
compliance by the Company with certain conditions set forth therein, which
provisions apply to this Note.

 

Section 6.
Authorized Form and Denominations. The Notes of this series are
issuable in registered form, without coupons. Each Note will be issued
initially as either a Global Security or a Certificated Note, at the option of
the Company, in denominations of $10,000 or whole multiples of $5,000, either
at the office or agency to be designated and maintained by the Company for such
purpose in the Borough of Manhattan, New York City, pursuant to the provisions
of the Indenture or at any of such other offices or agencies as may be
designated and maintained by the Company for such purpose pursuant to the
provisions of the Indenture, and in the manner and subject to the limitations
provided in the Indenture, but without the payment of any service charge,
except for any tax or other governmental charges imposed in connection
therewith. Notes of this series are exchangeable for a like aggregate
principal amount of Notes of this series of a different authorized
denomination, except that Global Securities will not be exchangeable for
Certificated Notes of this series.

 

Section 7.
Registration of Transfer. As provided in the Indenture and subject to
certain limitations as therein set forth, the transfer of this Note is
registrable in the Security Register, upon surrender of this Note for
registration of transfer, at the Corporate Trust Office or agency in a Place of
Payment for this Note, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Company and the Security Registrar
requiring such written instrument of transfer duly executed by, the Holder
hereof or his attorney duly authorized in writing, and thereupon one or more
new Notes of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or transferees.

 

If at
any time the Depository notifies the Company that it is unwilling or unable to
continue as Depository or if at any time the Depository shall no longer be
eligible under the Indenture, the Company shall appoint a successor Depository.
If a successor Depository for the Notes of this series is not appointed by
the Company within 90 days after the Company receives such notice or becomes
aware of such ineligibility, the Company will issue, and the Trustee will
authenticate and deliver, Notes of this series in definitive form in
an aggregate principal amount equal to the principal amount of this Note.

 

 

No
service charge shall be made for any such registration of transfer or exchange,
but the Company may require payment of a sum sufficient to cover any tax
or other governmental charge that may be imposed in connection therewith.

 

Prior
to due presentment of this Note for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the person
in whose name this Note is registered as the owner hereof for all purposes, and
neither the Company nor the Trustee nor any agent of the Company or of the
Trustee shall be affected by any notice to the contrary.

 

Section 8.
Events of Default. If an Event of Default with respect to Notes of this series shall
occur and be continuing, the amount declared due and payable upon any
acceleration of the Notes will be determined by the Calculation Agent and will
equal the Redemption Amount calculated as though the maturity of the Notes were
the date of early repayment in the manner and with the effect provided in the
Indenture. The amount payable to the Holder hereof upon any acceleration
permitted under the Indenture will be equal to the Redemption Amount calculated
as though the date to which the maturity has been accelerated were the Maturity
Date as determined by the Calculation Agent.

 

Section 9.
No Recourse Against Certain Persons. No recourse for the payment of the
Redemption Amount or for any claim based hereon or otherwise in respect hereof,
and no recourse under or upon any obligation, covenant or agreement of the
Company in the Indenture or any Indenture supplemental thereto or in any Note,
or because of the creation of any indebtedness represented thereby, shall be had
against any incorporator, stockholder, officer or director, as such, past,
present or future, of the Company or of any successor corporation, either
directly or through the Company or any successor corporation, whether by virtue
of any constitution, statute or rule of law or by the enforcement of any
assessment or penalty or otherwise, all such liability being, by the acceptance
hereof and as part of the consideration for the issue hereof, expressly
waived and released.

 

Section 10. Defined Terms. All terms used but
not defined in this Note are used herein as defined in the Indenture.

 

Section 11.
GOVERNING LAW. THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

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