Document:

Amendment No.2 to Rights Agreement

 Exhibit 4.01 
  
 AMENDMENT NO. 2 TO RIGHTS AGREEMENT 
  
 AMENDMENT NO. 2, dated as of May 2, 2005, to the Rights Agreement, dated as of September 10, 1996 (the “Rights
Agreement”), between ViroPharma Incorporated, a Delaware corporation (the “Company”), and StockTrans, Inc. a Delaware corporation, as Rights Agent (the “Rights Agent”). 
  
 WHEREAS, the Company and the Rights Agent have heretofore executed and
entered into the Rights Agreement; 
  
 WHEREAS, pursuant to
Section 26 of the Rights Agreement, the Company and the Rights Agent may from time to time supplement or amend the Rights Agreement; and 
  
 WHEREAS, all acts and things necessary to make this Amendment No. 2 a valid agreement, enforceable according to its terms, have been done and performed,
and the execution and delivery of this Amendment No. 2 by the Company and the Rights Agent have been in all respects duly authorized by the Company and the Rights Agent. 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth herein, and intending to be legally
bound hereby, the parties hereto agree as follows: 
  
 1. The
definition of “Acquiring Person” in Section 1(a), as amended, of the Rights Agreement is hereby amended by replacing the final sentence of the definition with the following sentence: 
  
 Notwithstanding the foregoing, Baker/Tisch Investments, L.P.; Baker Bros.
Investments, L.P.; Baker Bros. Investments II, L.P.; Baker Biotech Fund I, L.P.; Baker Biotech Fund II, L.P.; Baker Biotech Fund II (Z), L.P.; Baker Biotech Fund III, L.P.; Baker Biotech Fund III (Z), L.P.; and 14159, L.P., joint filers of a
Schedule 13G, alone or together with any of their Affiliates or Associates, (collectively referred to herein as “Baker Brothers”) shall not be an Acquiring Person unless and until Baker Brothers is the Beneficial Owner of 20% or more of
the Common Shares then outstanding, provided however, that for as long as Baker Brothers continuously maintains “beneficial ownership” (as defined below) of at least 4,683,774 Common Shares (after which this proviso shall expire unless
extended by action of the Board of Directors of the Company), then “beneficial ownership” as defined for the purposes of the foregoing clauses and as used with regard to Baker Brothers in this Agreement, shall, notwithstanding the
provisions of Section 1(c) and Section 28 of this Rights Agreement, be calculated as if the total aggregate principal amount of the 6% Senior Convertible Secured Notes due October 2009 (“Senior Convertible Notes”) of the Company
outstanding on the date of such calculation had been converted into Common Shares pursuant to the terms of the Indenture dated October 19, 2004, between the Company and U.S. Bank National Association, as trustee, relating to the Senior Convertible

 
Notes; and provided further that Baker Brothers shall not become an “Acquiring Person” as a result of an acquisition of Common Shares or Senior
Convertible Notes by the Company which, by reducing the number of Common Shares outstanding, increases the proportionate number of Common Shares beneficially owned by Baker Brothers to 20% or more of the Common Shares then outstanding. 

 
 2. Section 11(a)(ii)(B) of the Rights Agreement is amended and restated in
its entirety to read as follows: 
  
 (B) 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, any Person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan, alone or
together with its Affiliates or Associates), alone or together with its Affiliates and Associates, shall, at any time after the Rights Dividend Declaration Date, become the Beneficial Owner of 20% or more of the Common Shares then outstanding,
provided however, that “beneficial ownership” with respect to Baker Brothers shall be calculated as set forth in Section 1 hereof, as amended, unless the event causing the 20% threshold to be crossed is a Section 13 Event, or is an
acquisition of Common Shares pursuant to a tender offer or an exchange offer for all outstanding Common Shares at a price and on terms that provide fair value to all stockholders, determined by at least a majority of the members of the Board of
directors, after taking into consideration all factors that such members of the Board of Directors deem relevant, including, without limitation, the long-term prospects and value of the Company and the prices and terms that such members of the Board
of Directors believe, in good faith, could reasonably be achieved if the Company or its assets were sold on an orderly basis designed to realize maximum value, or 
  
 3. Section 11(a)(ii)(C), as amended, is hereby deleted and Section 11(a)(ii)(D) is amended to become a new Section 11(a)(ii)(C). 

 
 4. Unless otherwise defined herein, the terms used herein shall have the meanings ascribed
to them in the Rights Agreement. 
  
 5. This Amendment No. 2 to the Rights
Agreement may be executed in any number of counterparts. It shall not be necessary that the signature of or on behalf of each party appears on each counterpart, but it shall be sufficient that the signature of or on behalf of each party appears on
one or more counterparts. All counterparts shall collectively constitute a single agreement. 
  
 6. Except as expressly set forth herein, this Amendment No. 2 to the Rights Agreement shall not by implication or otherwise alter, modify, amend or in any way effect any of the terms, conditions, obligations,
covenants or agreements contained in the Rights Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to be duly executed as of the
date first above written. 
  

							
	 	  	 	 	VIROPHARMA INCORPORATED
			
	Attest:	 	 	 	 
				
	By:	  	 /s/ Thomas F. Doyle

	 	By:	 	 /s/ Vincent J. Milano

	 	  	Thomas F. Doyle	 	 	 	Vincent J. Milano
	 	  	Vice President and General Counsel	 	 	 	Vice President and Chief Financial Officer
			
	 	  	 	 	STOCKTRANS, INC.
			
	Attest:	 	 	 	 
				
	By:	  	 /s/ Robert Winterle

	 	By:	 	 /s/ Gina Hardin

	Name:	  	Robert Winterle	 	Name:	 	Gina Hardin
	Title:	  	Assistant Vice President	 	Title:	 	Vice PresidentThird Amendment to Third Amended and Restated Credit Agreement

 Exhibit 10.1 
  
 THIRD AMENDMENT TO THIRD AMENDED 
 AND RESTATED CREDIT AGREEMENT 
  
 This Third Amendment to Third Amended and Restated Credit Agreement (this “Third Amendment”) is entered into effective as of the 13th day of April, 2005 (the “Effective
Date”), by and among Patina Oil & Gas Corporation, a Delaware corporation (“Borrower”), JPMorgan Chase Bank, N.A., successor by merger to Bank One, NA (Main Office Chicago), as Administrative Agent
(“Administrative Agent”), and the financial institutions parties hereto as Banks (“Banks”). 
  
 W I T N E S S E T H 
  
 WHEREAS, Borrower, Administrative Agent, the other agents a party thereto and Banks are parties to that certain Third Amended and Restated Credit
Agreement dated as of January 28, 2003, as amended by that certain (i) First Amendment to Third Amended and Restated Credit Agreement dated as of May 1, 2003, and (ii) Second Amendment to Third Amended and Restated Credit Agreement dated as of
October 1, 2003 (as amended, the “Credit Agreement”) (unless otherwise defined herein, all terms used herein with their initial letter capitalized shall have the meaning given such terms in the Credit Agreement); and

  
 WHEREAS, pursuant to the Credit Agreement, Banks have made a
revolving credit loan to Borrower and provided certain other credit accommodations to Borrower; and 
  
 WHEREAS, Borrower has requested that Banks amend certain terms of the Credit Agreement in certain respects. 
  
 NOW THEREFORE, for and in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed, Borrower, Administrative Agent and Required Banks hereby agree as follows: 
  
 Section 1. Amendments. In reliance on the representations, warranties,
covenants and agreements contained in this Third Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Credit Agreement shall be amended effective as of the Effective Date in the manner
provided in this Section 1. 
  
 1.1 Additional
Definitions. Section 2.1 of the Credit Agreement shall be amended to add thereto in alphabetical order the definitions of “Third Amendment” and “Unsecured Note” which shall read in full as
follows: 
  
 “Third
Amendment” means that certain Third Amendment to Third Amended and Restated Credit Agreement dated as of April 13, 2005 among Borrower, Administrative Agent and Banks. 
  
 “Unsecured Note” means that certain Promissory Note executed by Borrower and payable
to the order of JPMorgan Chase 

  

 1 

 
Bank, N.A., in its individual capacity and not as Administrative Agent or a Bank hereunder, in the original principal amount of $200,000,000, which
promissory note shall be unsecured and payable as provided therein, but not, in any event, prior to the termination of all Commitments and the payment and performance in full of the Obligations. 
  
 1.2 Amendment to Definitions. The definitions of
“Loan Papers” and “Restricted Payment” contained in Section 2.1 of the Credit Agreement shall be amended to read in full as follows: 
  
 “Loan Papers” means this Agreement, the Notes, the First Amendment, the Second
Amendment, the Third Amendment, each Restricted Subsidiary Guarantee now or hereafter executed, each Restricted Subsidiary Pledge Agreement now or hereafter executed, the Existing Mortgages (as amended by the Assignments and Amendments to
Mortgages), all Mortgages now or at any time hereafter delivered pursuant to Section 6.1, the Assignments and Amendments to Mortgages, any and all other assignments and/or amendments to Mortgages, and all other certificates, documents or
instruments delivered in connection with this Agreement, as the foregoing may be amended from time to time. 
  
 “Restricted Payment” means (a) any Distribution by Borrower or any of its Restricted Subsidiaries other than
Distributions by such Restricted Subsidiaries to Borrower, (b) the retirement, redemption or prepayment prior to the scheduled maturity by Borrower or a Restricted Subsidiary of Borrower of Debt of Borrower or any Restricted Subsidiary of Borrower,
and (c) the retirement, redemption or payment by Borrower of any part of the Debt evidenced by the Unsecured Note at any time prior to the termination of all Commitments and the payment and performance in full of the Obligations. 
  
 1.3 Amendment to Debt Covenant. Section 10.1 of the Credit
Agreement shall be amended to read in full as follows: 
  
 “SECTION 10.1 Debt of Borrower and its Restricted Subsidiaries. Neither Borrower nor any Restricted Subsidiary of Borrower will incur, become or remain liable for any Debt other than (a) Debt secured by Permitted
Encumbrances described in subpart (k) of the definition of Permitted Encumbrances, (b) Non-recourse Debt, (c) the Loan, (d) Debt outstanding on the Closing Date described on Schedule 10.1 hereto, (e) Guarantees by Borrower or a Restricted
Subsidiary of Borrower of Debt and other liabilities of Borrower or other 

  

 2 

 
Restricted Subsidiaries of Borrower provided that such Debt and other liabilities are permitted pursuant to this Agreement; provided, that the
Debt permitted pursuant to Section 10.1(a) and Section 10.1(b) incurred by Borrower and its Restricted Subsidiaries shall not exceed $5,000,000 in the aggregate, and (f) Debt evidenced by the Unsecured Note.” 
  
 Section 2. Conditions Precedent. The amendments
contained in Section 1 hereof are subject to the satisfaction of each of the following conditions precedent on or before the Effective Date: 
  
 2.1 Closing Deliveries. Administrative Agent shall have received a true, correct and complete copy of the Unsecured Note, executed by
Borrower. 
  
 2.2 No Default. No Default or Event of
Default shall have occurred which is continuing. 
  
 2.3
Other Documents. Administrative Agent shall have been provided with such other documents, instruments and agreements, and Borrower shall have taken such actions, as Administrative Agent may reasonably require in connection with this
Third Amendment and the transactions contemplated hereby. 
  
 Section 3.
Representations and Warranties of Borrower. To induce Banks and Administrative Agent to enter into this Third Amendment, Borrower hereby represents and warrants to Banks and Administrative Agent as follows: 
  
 3.1 Reaffirm Existing Representations and Warranties. Each
representation and warranty of Borrower contained in the Credit Agreement and the other Loan Papers is true and correct in all material respects on the date hereof and will be true and correct in all material respects after giving effect to the
amendments set forth herein. 
  
 3.2 Due Authorization; No
Conflict. The execution, delivery and performance by Borrower of this Third Amendment are within Borrower’s corporate powers, have been duly authorized by all necessary action, require no action by or in respect of, or filing with, any
governmental body, agency or official and do not violate or constitute a default under any provision of applicable law or any Material Agreement binding upon Borrower or the Subsidiaries of Borrower or result in the creation or imposition of any
Lien upon any of the assets of Borrower or the Subsidiaries of Borrower except Permitted Encumbrances. 
  
 3.3 Validity and Enforceability. This Third Amendment constitutes the valid and binding obligation of Borrower enforceable in accordance
with its terms, except as (i) the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditor’s rights generally, and (ii) the availability of equitable remedies may be limited by equitable principles of
general application. 
  
 3.4 No Default or Event of
Default. No Default or Event of Default has occurred which is continuing. 
  

 3 

 3.5 Use of Proceeds of Unsecured Note. The proceeds of the Unsecured Note will only be used
by Borrower to terminate and unwind certain Oil and Gas Hedge Transactions and to satisfy the obligations of Borrower and/or its Subsidiaries in connection therewith. 
  
 Section 4. Miscellaneous. 
  
 4.1 Reaffirmation of Loan Papers. Any and all of the terms and provisions of the Credit Agreement and the Loan Papers shall, except as
amended and modified hereby, remain in full force and effect. The amendments contemplated hereby shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations.

  
 4.2 Parties in Interest. All of the terms and
provisions of this Third Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns. 
  
 4.3 Legal Expenses. Borrower hereby agrees to pay on demand all reasonable fees and expenses of counsel to Administrative Agent incurred by
Administrative Agent in connection with the preparation, negotiation and execution of this Third Amendment and all related documents. 
  
 4.4 Counterparts. This Third Amendment may be executed in counterparts, and all parties need not execute the same counterpart;
however, no party shall be bound by this Third Amendment until Borrower and Required Banks have executed a counterpart. Facsimiles shall be effective as originals. 
  
 4.5 Complete Agreement. THIS THIRD AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN PAPERS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES. 
  
 4.6 Headings. The headings, captions and arrangements
used in this Third Amendment are, unless specified otherwise, for convenience only and shall not be deemed to limit, amplify or modify the terms of this Third Amendment, nor affect the meaning thereof. 
  
 4.7 Use of Proceeds of Unsecured Note. Borrower covenants and
agrees that the proceeds of the Unsecured Note will not be used for any purpose other than to terminate and unwind certain Oil and Gas Hedge Transactions and to satisfy the obligations of Borrower and/or its Subsidiaries in connection therewith.

  
 IN WITNESS WHEREOF, the parties hereto have caused this Third
Amendment to be duly executed by their respective authorized officers as of the date and year first above written. 
  
 [SIGNATURE PAGES FOLLOW] 
  

 4 

			
	BORROWER:
	
	 PATINA OIL & GAS CORPORATION, a
 Delaware
corporation

		
	By:	 	 /s/ David J. Kornder

	 	 	David J. Kornder,
	 	 	Executive Vice President and
	 	 	Chief Financial Officer
	
	Date: May 2, 2005
	
	ADMINISTRATIVE AGENT:
	
	JPMORGAN CHASE BANK, N.A., successor by merger to Bank One, NA (Main Office Chicago), as Administrative Agent
		
	By:	 	 /s/ J. Scott Fowler

	 	 	J. Scott Fowler
	 	 	Vice President
	
	BANKS:
	
	JPMORGAN CHASE BANK, N.A., successor by merger to Bank One, NA (Main Office Chicago)
		
	By:	 	 /s/ J. Scott Fowler

	 	 	J. Scott Fowler
	 	 	Vice President
	
	WACHOVIA BANK, NATIONAL
	ASSOCIATION
		
	By:	 	 /s/ Philip Trinder

	 	 	Philip Trinder
	 	 	Vice President

			
	WELLS FARGO BANK, N.A.
		
	By:	 	 /s/ Patricia A. Ropers

	 	 	Patricia A. Ropers
	 	 	Vice President
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Joseph F. Scott

	 	 	Joseph F. Scott
	 	 	Vice President
	
	CALYON NEW YORK BRANCH, successor by consolidation to Credit Lyonnais New York Branch
		
	By:	 	 /s/ Olivier Audemard

	 	 	Olivier Audemard
	 	 	Managing Director
		
	By:	 	 /s/ Philippe Soustra

	 	 	Philippe Soustra
	 	 	Executive Vice President
	
	COMERICA BANK
		
	By:	 	 /s/ Peter L. Sefzik

	 	 	Peter L. Sefzik
	 	 	Vice President
	
	BANK OF OKLAHOMA, N.A.
		
	By:	 	 /s/ Michael M. Logan

	 	 	Michael M. Logan
	 	 	Senior Vice President
	
	BANK OF SCOTLAND
		
	By:	 	 /s/ Amena Nabi

	 	 	Amena Nabi
	 	 	Assistant Vice President

			
	BNP PARIBAS
		
	By:	 	 /s/ David Dodd

	 	 	David Dodd
	 	 	Director
		
	By:	 	 /s/ Betsy Jocher

	 	 	Betsy Jocher
	 	 	Vice President
	
	COMPASS BANK
		
	By:	 	 /s/ John M. Falbo

	 	 	John M. Falbo
	 	 	Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}]]