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Prepared by MERRILL CORPORATION

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Exhibit 4.2

 
 

AMENDMENT NO. 1 TO RIGHTS AGREEMENT    
  

    THIS AMENDMENT NO. 1 (this "Amendment"), dated as of April 17, 1997, to the Rights Agreement, dated as of February 26, 1992 (the "Rights
Agreement"), between The Immune Response Corporation, a Delaware corporation (the "Company"), and Harris Trust Company of California, as assignee of ChaseMellon Shareholder Services, L.L.C., as Rights
Agent (the "Rights Agent"), is made with reference to the following facts: 

    A.  The
Company and the Rights Agent have heretofore entered into the Rights Agreement. Pursuant to Section 27 of the Rights Agreement, the Company and the
Rights Agent may, from time to time, supplement or amend the Rights Agreement in accordance with the provisions of such Section. 

    B.  The
Board of Directors of the Company has determined that it is in the best interests of the Company to enter into those two certain Unit Purchase Agreements, dated
as of April 15, 1997 (the "Unit Purchase Agreements"), one between the Company and Dennis J. Carlo, and the other between the Company and Kevin B. Kimberlin, both individuals (the "Investors"). 

    C.  As
a condition to entering into the Unit Purchase Agreements, the Company is obligated to amend the Rights Agreement such that, with respect to the execution of and
the consummation of the transactions contemplated by the Unit Purchase Agreements, Kevin B. Kimberlin is not or will not become an "Acquiring Person" and that no "Stock Acquisition Date" or
"Distribution Date" (as such terms are defined in the Rights Agreement) will occur. 

    NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties hereto agree as follows: 

    1.  The
definition of "Acquiring Person" set forth in Section 1(a) of the Rights Agreement is hereby amended in its sub-section (ii) to read
as follows: 

    (ii) the
term Acquiring Person shall not mean (A) the Company, (B) any subsidiary of the Company (as such term is hereinafter defined), (C) any
employee benefit plan of the Company or any of its subsidiaries, (D) any entity holding securities of the Company organized, appointed or established by the Company or any of its subsidiaries
for or pursuant to the terms of any such plan or (E) Kevin B. Kimberlin, an individual, as a result of the execution of the Unit Purchase Agreement, dated as of April 15, 1997, between
Kevin B. Kimberlin and the Company (the "Unit Purchase Agreement"), or as a result of the consummation of any of the transactions contemplated by the Unit Purchase Agreement; and 

    2.  The
first sentence of Section 3(a) of the Rights Agreement is hereby amended by adding the following to the end of such sentence: 

;
provided, however, that in no event shall a Distribution Date be deemed to occur as a result of the execution of the Unit Purchase Agreement or as a
result of the consummation of any of the transactions contemplated by the Unit Purchase Agreement. 

    3.  No
"Stock Acquisition Date" shall be deemed to occur under the Rights Agreement as a result of the execution of the Unit Purchase Agreements or as a result of the
consummation of any of the transactions contemplated by the Unit Purchase Agreements. 

    4.  All
amendments made to the Rights Agreement in this Amendment shall be deemed to apply retroactively as well as prospectively. 

    5.  This
Amendment shall be governed by and construed in accordance with the laws of the State of Delaware and for all purposes shall be governed by and construed in
accordance with all laws of such State applicable to contracts to be made and performed entirely within such State. 

    6.  This
Amendment may be executed in counterparts, each of which shall be an original, but such counterparts shall together constitute one and the same instrument. 

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

	Attest:	 	 	 	THE IMMUNE RESPONSE CORPORATION
	

By:	
 	

  
	
 	

By:	
 	

  

	

Title:	
 	

  
	
 	

Title:	
 	

  

	

Attest:	
 	

 	
 	

THE IMMUNE RESPONSE CORPORATION
	

By:	
 	

  
	
 	

By:	
 	

  

	

Title:	
 	

  
	
 	

Title:	
 	

  

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AMENDMENT NO. 1 TO RIGHTS AGREEMENTPrepared by MERRILL CORPORATION

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Exhibit 4.3

 
 

AMENDMENT NO. 2 TO RIGHTS AGREEMENT    
  

    THIS AMENDMENT NO. 2 (this "Amendment"), dated as of December 20, 2001, among The Immune Response Corporation, a Delaware corporation (the "Company"), Harris
Trust and Savings Bank ("Harris") and Computershare Trust Company, Inc. ("Computershare"), to the Rights Agreement dated as of February 26, 1992, as amended by Amendment No. 1
dated as of April 17, 1997, between the Company and Harris (successor agent to Mellon Investor Services, which was successor agent to ChaseMellon Shareholder Services, L.L.C., which was
successor agent to First Interstate Bank Ltd.), as Rights Agent (the "Rights Agreement"). 

    A.  The
Company and Harris have heretofore entered into the Rights Agreement pursuant to which the Harris was appointed to serve as the Rights Agent under the Rights
Agreement. Pursuant to Section 27 of the Rights Agreement, the Company and the Rights Agent may, from time to time, supplement or amend the Rights Agreement in accordance with the provisions of
such Section. 

    B.  The
Company desires to appoint Computershare as successor Rights Agent under the Rights Agreement, effective as of June 1, 2001, and as of such date, Harris
will be relieved of its duties as Rights Agent under the Rights Agreement. 

    C.  In
connection with the termination of Harris as Rights Agent and the appointment of Computershare as successor Rights Agent, the Company, Harris and Computershare
desire to amend the Rights Agreement in certain respects. 

    D.  On
October 22, 2001 the Board of Directors of the Company resolved that it was in the best interests of the Company to enter into that certain Note Purchase
Agreement with Kevin Kimberlin Partners, L.P 

    E.  The
Company is obligated and the Company desires to amend the Rights Agreement such that, with respect to the execution of and the consummation of the transactions
contemplated by the Note Purchase Agreement, neither Kevin Kimberlin nor any of his Affiliates is or will become an "Acquiring Person" and that no "Stock Acquisition Date" or "Distribution Date" (as
such terms are defined in the Rights Agreement) will occur. 

    NOW,
THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, the parties hereto agree as follows: 

    1.  Termination
of Rights Agent. Harris is hereby terminated as Rights Agent under the Rights Agreement, effective as of June 1, 2001. 

    2.  Appointment
of the Successor Rights Agent. The Company hereby appoints Computershare as successor Rights Agent under the Rights Agreement, effective as of
June 1, 2001, and Computershare hereby accepts such appointment. 

    3.  Amendment
of Rights Agreement. Effective as of the date of appointment of Computershare as successor Rights Agent, the Rights Agreement shall be amended as follows: 

    (a) Section 26
of the Rights Agreement is hereby amended by deleting the address for notice or demand to be given to the Rights Agent therein and substituting in
lieu thereof the following: 

"Computershare
Trust Company, Inc.

12039 West Alameda Parkway

Lakewood, CO 80228

Attention: Corporate Actions Departement" 

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    (b) All
references in the Rights Agreement to "Harris Trust and Savings Bank" or to "First Interstate Bank, Ltd." as Rights Agent shall for all purposes be
deemed to refer to "Computershare Trust Company, Inc." 

    (c) Section 22
of the Rights Agreement is hereby amended by deleting the sentence that begins with "Any successor Rights Agent.. .." and ends with ".. . an
affiliate of a corporation described in clause (a) of this sentence." and submitting in lieu thereof the following sentence: 

"Any
successor Rights Agent, whether appointed by the Company or by such a court, shall be (a) a corporation, limited liability company or trust company (or similar form of entity under the
laws of any
state of the United States or a foreign jurisdiction) authorized to conduct business under the laws of the United States or any state of the United States, which is authorized under such laws to
exercise corporate trust, fiduciary or stockholder services 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 $10,000,000 or (b) an Affiliate controlled by an entity described in clause (a) of this sentence." 

    4.  The
definition of "Acquiring Person" set forth in Section 1(a) of the Rights Agreement is hereby amended in its sub-section (ii) to read
as follows: 

   "(ii) the
term Acquiring Person shall not mean (A) the Company, (B) any subsidiary of the Company (as such term is hereinafter defined), (C) any employee
benefit plan of the Company or any of its subsidiaries, (D) any entity holding securities of the Company organized, appointed or established by the Company or any of its subsidiaries for or
pursuant to the terms of any such plan or (E) Kevin B. Kimberlin, an individual, or any Affiliate of Kevin Kimberlin, as a result of the execution of the Unit Purchase Agreement, dated as of
April 15, 1997, between Kevin B. Kimberlin and the Company (the "Unit Purchase Agreement"), or as a result of the execution of the Note Purchase Agreement, dated as of November 9, 2001,
between Kevin Kimberlin Partners, L.P., and the Company (the "Note Purchase Agreement"), or as a result of the consummation of any of the transactions contemplated by the Unit Purchase Agreement or
the Note Purchase Agreement; and" 

    5.  The
last clause of the first sentence of Section 3(a) of the Rights Agreement, as amended by Amendment No. 1 is hereby amended to read as follows: 

";  provided, however, that in no event shall a Distribution Date be deemed to occur as a result of the execution of the Unit Purchase Agreement or the
Note Purchase Agreement or as a result of the consummation of any of the transactions contemplated by the Unit Purchase Agreement or the Note Purchase Agreement." 

    6.  No
"Stock Acquisition Date" shall be deemed to occur under the Rights Agreement as a result of the execution of the Note Purchase Agreement or as a result of the
consummation of any of the transactions contemplated by the Note Purchase Agreement. 

    7.  All
amendments made to the Rights Agreement in this Amendment shall be deemed to apply retroactively as well as prospectively. 

    8.  This
Amendment shall be governed by and construed in accordance with the laws of the State of Delaware and for all purposes shall be governed by and construed in
accordance with all laws of such State applicable to contracts to be made and performed entirely within such State. 

    9.  This
Amendment may be executed in counterparts, each of which shall be an original, but such counterparts shall together constitute one and the same instrument. 

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

	Attest:	 	 	 	THE IMMUNE RESPONSE CORPORATION
	

By:	
 	

  
	
 	

By:	
 	

  

	

Title:	
 	

  
	
 	

Title:	
 	

  

	

Attest:	
 	

 	
 	

COMPUTERSHARE TRUST COMPANY, INC.
	

By:	
 	

  
	
 	

By:	
 	

  

	

Title:	
 	

  
	
 	

Title:	
 	

  

	

Attest:	
 	

 	
 	

HARRIS TRUST AND SAVINGS BANK, AS RIGHTS AGENT
	

By:	
 	

  
	
 	

By:	
 	

  

	

Title:	
 	

  
	
 	

Title:	
 	

  

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AMENDMENT NO. 2 TO RIGHTS AGREEMENT

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