Document:

exv4w1

EXHIBIT 4.1

	INCORPORATED UNDER THE LAWS
OF THE STATE OF DELAWARE
This Certifies that
is the record holder of
COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
(New York, NY)
TRANSFER AGENT
AND REGISTRAR
BY
AUTHORIZED SIGNATURE
CUSIP 74727D 30 6
SEE REVERSE FOR CERTAIN DEFINITIONS
D E LA WA R E
SEAL
1 9 9 7
CORPORATE
QAD INC.
transferable on the books of the Corporation by the holder hereof in person or by duly
authorized attorney upon surrender of this certificate properly
endorsed. This certificate is not valid until countersigned by the Transfer Agent and registered by
the Registrar.
WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized
officers.
Dated:
QA
FULLY PAID AND NONASSESSABLE SHARES OF CLASS A COMMON STOCK, $.001 PAR VALUE, OF
QAD INC.
CHIEF EXECUTIVE OFFICER AND ASSISTANT TREASURER CHAIRMAN OF THE BOARD AND PRESIDENT

 

 

	FOR VALUE RECEIVED, hereby sell, assign and transfer unto
The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out
in full according to applicable laws or regulations:
TEN COM
TEN ENT
JT TEN
— as tenants in common
— as tenants by the entireties
— as joint tenants with right
of survivorship and not as
tenants in common
UNIF GIFT MIN ACT — Custodian
(Cust) (Minor)
under Uniform Gifts to Minors
Act
(State)
THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN
UPON THE FACE OF THE CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER.
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL zIP CODE, OF ASSIGNEE)
Shares
Attorney
of the Class A common stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint
PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
to transfer the said stock on the books of the within named Corporation with full power of
substitution in the premises.
Dated
Signature(s) Guaranteed
THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.
Additional abbreviations may also be used though not in the above list.
NOTICE:
UNIF TRF MIN ACT — Custodian (until age )
(Cust)
under Uniform Transfers
(Minor)
to Minors Act
(State)
X
X
The Corporation shall furnish without charge to each stockholder who so requests a statement of
the powers, designations,
preferences and relative, participating, optional or other special rights of each class of stock of
the Corporation or series thereof and
the qualifications, limitations or restrictions of such preferences and/or rights. Such requests
shall be made to the Corporation’s
Secretary at the principal office of the Corporation.exv4w2

EXHIBIT 4.2

	INCORPORATED UNDER THE LAWS
OF THE STATE OF DELAWARE
This Certifies that
is the record holder of
COUNTERSIGNED AND REGISTERED:
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
(New York, NY)
TRANSFER AGENT
AND REGISTRAR
BY
AUTHORIZED SIGNATURE
CUSIP 74727D 20 7
SEE REVERSE FOR CERTAIN DEFINITIONS
D E LA WA R E
SEAL
1 9 9 7
CORPORATE
QAD INC.
transferable on the books of the Corporation by the holder hereof in person or by duly
authorized attorney upon surrender of this certificate properly
endorsed. This certificate is not valid until countersigned by the Transfer Agent and registered by
the Registrar.
WITNESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized
officers.
Dated:
QB
FULLY PAID AND NONASSESSABLE SHARES OF CLASS B COMMON STOCK, $.001 PAR VALUE, OF
QAD INC.
CHIEF EXECUTIVE OFFICER AND ASSISTANT TREASURER CHAIRMAN OF THE BOARD AND PRESIDENT

 

 

	FoR vAlUe ReCeIved, hereby sell, assign and transfer unto
The following abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out
in full according to applicable laws or regulations:
TeN CoM
TeN eNT
JT TeN
— as tenants in common
— as tenants by the entireties
— as joint tenants with right
of survivorship and not as
tenants in common
(pleASe pRINT oR TypewRITe NAMe ANd AddReSS, INClUdINg poSTAl zIp Code, oF ASSIgNee)
Shares
Attorney
of the Class B common stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint
pleASe INSeRT SoCIAl SeCURITy oR oTheR
IdeNTIFyINg NUMBeR oF ASSIgNee
to transfer the said stock on the books of the within named Corporation with full power of
substitution in the premises.
dated
Signature(s) guaranteed
The SIgNATURe(S) MUST Be gUARANTeed By AN elIgIBle gUARANToR
INSTITUTIoN (BANKS, SToCKBRoKeRS, SAvINgS ANd loAN ASSoCIATIoNS
ANd CRedIT UNIoNS wITh MeMBeRShIp IN AN AppRoved SIgNATURe
gUARANTee MedAllIoN pRogRAM), pURSUANT To S.e.C. RUle 17Ad-15.
Additional abbreviations may also be used though not in the above list.
NOtICE:
X
X
The Corporation shall furnish without charge to each stockholder who so requests a statement of
the powers, designations,
preferences and relative, participating, optional or other special rights of each class of stock of
the Corporation or series thereof and
the qualifications, limitations or restrictions of such preferences and/or rights. Such requests
shall be made to the Corporation’s
Secretary at the principal office of the Corporation.
UNIF gIFT MIN ACT — Custodian
(Cust) (Minor)
under Uniform gifts to Minors
Act
(State)
The SIgNATURe(S) To ThIS ASSIgNMeNT MUST CoRReSpoNd wITh The NAMe(S) AS wRITTeN
UpoN The FACe oF The CeRTIFICATe, IN eveRy pARTICUlAR, wIThoUT AlTeRATIoN oR
eNlARgeMeNT oR ANy ChANge whATeveR.
UNIF TRF MIN ACT — Custodian (until age )
(Cust)
under Uniform Transfers
(Minor)
to Minors Act
(State)exv4w1

Exhibit 4.1

AMENDMENT NO. 1 TO RIGHTS AGREEMENT

     This Amendment No. 1 to Rights Agreement (the “Amendment”) is made as of December 14,
2010, by and between Cypress Bioscience, Inc., a Delaware corporation (the “Company”),
and American Stock Transfer and Trust Company, LLC, as rights agent (the “Rights Agent”).

     Whereas, the Company is entering into an Agreement and Plan of Merger (as the same
may be amended from time to time, the “Merger Agreement”), among the Company, Ramius Value and
Opportunity Advisors LLC (“Ramius”), Royalty Pharma US Partner, LP (“RPUS”), Royalty Pharma US
Partners 2008, LP (“RPUS2008”), RP Investment Corp. (“RP Corp” and together with RPUS, RPUS2008 and
Ramius, “Parent”) and Ramius V&O Acquisition LLC (“Purchaser”), pursuant to which Purchaser will
merge with and into the Company upon the terms and subject to the conditions set forth in the
Merger Agreement (such merger is referred to in this Amendment as the “Merger”);

     Whereas, the Company and the Rights Agent are parties to that certain Rights
Agreement, dated as of September 27, 2010 (the “Rights Agreement”);

     Whereas, the Company desires to amend the Rights Agreement in connection with the
execution and delivery of the Merger Agreement and the consummation of the Merger and the other
transactions contemplated thereby; and

     Whereas, in accordance with Section 26 of the Rights Agreement, the Board of
Directors of the Company has approved this Amendment and authorized its appropriate officers to
execute and deliver the same to the Rights Agent.

     Now, Therefore, in accordance with the procedures for amendment of the Rights
Agreement set forth in Section 26 thereof, and in consideration of the foregoing and the mutual
agreements herein set forth, the parties hereby agree as follows:

     1. Capitalized terms that are not otherwise defined herein shall have the meanings
ascribed to them in the Rights Agreement.

     2. The definition of “Acquiring Person” set forth in Section 1(b) of the Rights
Agreement is hereby amended by adding the following sentence to the end of said Section 1(b):

	 	 	“Notwithstanding anything in this Agreement to the contrary, no Parent Party (nor
any of such Parent Party’s Affiliates or Associates) shall be or become an
“Acquiring Person” by reason of, and the term “Acquiring Person” shall not include
any Parent Party (or any of such Parent Party’s Affiliates or Associates) by reason
of, (i) the approval, execution and/or delivery of the Agreement and Plan of Merger,
dated as of December 14, 2010, among the Company, Ramius Value and Opportunity
Advisors LLC (“Ramius”), Royalty Pharma US Partner, LP (“RPUS”), Royalty Pharma US
Partners 2008, LP (“RPUS2008”), RP Investment Corp. (“RP Corp” and together with
RPUS, RPUS2008 and Ramius, “Parent”), Ramius V&O Acquisition LLC (“Purchaser” and,
together with Parent, the “Parent Parties”) (such Agreement and Plan of Merger, as
the same may be amended from time to time, is referred to in this Agreement as the
“Merger Agreement”) or the approval, execution and/or delivery of any amendment
thereto, (ii) the approval, execution and/or delivery of any other contract or
instrument in each case entered into by the Company in connection with the Merger
Agreement or the approval, execution and/or delivery of any amendment thereto, (iii)
the merger of Purchaser with and into the Company pursuant to, and on the terms and
subject to the conditions set forth

1.

 

	 	 	in, the Merger Agreement (such merger is referred to in this Agreement as the
“Merger”), (iv) the consummation of the Merger or any other transactions
contemplated by the Merger Agreement or the contracts or other instruments referred
to in clause (ii) above (the Merger Agreement and such other contracts and
instruments are collectively referred to in this Agreement as the “Merger
Transaction Agreements”), or (v) the announcement of any of the Merger Transaction
Agreements, the Merger or any other transactions contemplated by the Merger
Transaction Agreements, or the announcement of any consummation thereof.”

     3. The definition of “Interested Stockholder” set forth in Section 1(o) of the
Rights Agreement is hereby amended by adding the following sentence to the end of said Section
1(o):

	 	 	“Notwithstanding anything in this Agreement to the contrary, no Parent Party (nor
any of such Parent Party’s Affiliates or Associates) shall be or become an
“Interested Stockholder” by reason of, and the term “Interested Stockholder” shall
not include any Parent Party (or any of such Parent Party’s Affiliates or
Associates) by reason of, (i) the approval, execution and/or delivery of any of the
Merger Transaction Agreements or any amendment thereto, (ii) the Merger, (iii) the
consummation of the Merger or any other transactions contemplated by any of the
Merger Transaction Agreements, or (iv) the announcement of any of the Merger
Transaction Agreements, the Merger or any other transactions contemplated by the
Merger Transaction Agreements, or the announcement of any consummation thereof.”

     4. The definition of “Shares Acquisition Date” in Section l(aa) of the Rights
Agreement is hereby amended by adding the following sentence to the end of said Section l(a):

	 	 	“Notwithstanding anything in this Agreement to the contrary, no Shares Acquisition
Date shall be deemed to have occurred by reason of (i) the approval, execution
and/or delivery of any of the Merger Transaction Agreements or any amendment
thereto, (ii) the approval, execution and/or delivery of any other contract or
instrument in each case entered into by the Company in connection with the Merger
Agreement or the approval, execution and/or delivery of any amendment thereto, (iii)
the Merger, (iv) the consummation of the Merger or any other transactions
contemplated by any of the Merger Transaction Agreements, or (v) the announcement of
any of the Merger Transaction Agreements, the Merger or any other transactions
contemplated by the Merger Transaction Agreements, or the announcement of any
consummation thereof.”

     5. The definition of “Transaction” in Section l(ee) of the Rights Agreement is
hereby amended by adding the following sentence to the end of said Section l(ee):

	 	 	“Notwithstanding anything in this Agreement to the contrary, no Transaction shall be
deemed to have occurred by reason of (i) the approval, execution and/or delivery of
any of the Merger Transaction Agreements or any amendment thereto, (ii) the
approval, execution and/or delivery of any other contract or instrument in each case
entered into by the Company in connection with the Merger Agreement or the approval,
execution and/or delivery of any amendment thereto, (iii) the Merger, (iv) the
consummation of the Merger or any other transactions contemplated by any of the
Merger Transaction Agreements, or (v) the announcement of any of the Merger
Transaction Agreements, the Merger or any other transactions contemplated by the
Merger Transaction Agreements, or the announcement of any consummation thereof.”

2.

 

     6. Section 1 (Certain Definitions) is hereby amended by adding the following clause
(gg) to the end of said Section 1:

	 	 	“(gg) Each of the following terms shall have the meaning set forth in the definition
of “Acquiring Person” in Section 1(a) hereof: “Parent”, “Purchaser”, “Parent
Party”, “Merger Agreement”, “Merger” and “Merger Transaction Agreements”.”

     7. Section 3(a) of the Rights Agreement is hereby amended and supplemented by adding
the following sentence to the end of said Section 3(a):

	 	 	“Notwithstanding anything in this Agreement to the contrary, no Distribution Date
shall be deemed to have occurred by reason of (i) the approval, execution and/or
delivery of any of the Merger Transaction Agreements or any amendment thereto, (ii)
the approval, execution and/or delivery of any other contract or instrument in each
case entered into by the Company in connection with the Merger Agreement or the
approval, execution and/or delivery of any amendment thereto, (iii) the Merger, (iv)
the consummation of the Merger or any other transactions contemplated by any of the
Merger Transaction Agreements, or (v) the announcement of any of the Merger
Transaction Agreements, the Merger or any other transactions contemplated by the
Merger Transaction Agreements, or the announcement of any consummation thereof.”

     8. Section 7(a) of the Rights Agreement is hereby amended and restated to read in
its entirety as follows:

	 	 	“(a) 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 October 8,
2011, (ii) the time at which the Rights are redeemed as provided in Section 23
hereof (the “Redemption Date”) or (iii) the moment in time immediately prior to the
Effective Time (as such term is defined in the Merger Agreement) (the earlier to
occur of the events described in clauses (i) and (iii) of this paragraph (a) shall
be referred to herein as the “Final Expiration Date”). Further, notwithstanding
anything in this Agreement to the contrary, none of (1) the approval, execution
and/or delivery of any of the Merger Transaction Agreements or any amendment
thereto, (2) the approval, execution and/or delivery of any other contract or
instrument in each case entered into by the Company in connection with the Merger
Agreement or the approval, execution and/or delivery of any amendment thereto, (3)
the Merger, (4) the consummation of the Merger or any other transactions
contemplated by any of the Merger Transaction Agreements, or (5) the announcement of
any of the Merger Transaction Agreements, the Merger or any other transactions
contemplated by the Merger Transaction Agreements, or the announcement of any
consummation thereof, shall be deemed an event that causes the Rights to become
exercisable under the provisions of this Section 7 or otherwise.”

     9. Section 11(a)(ii) of the Rights Agreement is hereby amended and supplemented by
adding the following sentence to the end of said Section 11(a)(ii):

3.

 

	 	 	“Notwithstanding anything in this Agreement to the contrary, no event requiring an
adjustment under this Section 11(a) shall be deemed to have occurred by reason of
(i) the approval, execution and/or delivery of any of the Merger Transaction
Agreements or any amendment thereto, (ii) the approval, execution and/or delivery of
any other contract or instrument in each case entered into by the Company in
connection with the Merger Agreement or the approval, execution and/or delivery of
any amendment thereto, (iii) the Merger, (iv) the consummation of the Merger or any
other transactions contemplated by any of the Merger Transaction Agreements, or (v)
the announcement of any of the Merger Transaction Agreements, the Merger or any
other transactions contemplated by the Merger Transaction Agreements, or the
announcement of any consummation thereof.”

     10. Section 13(a) of the Rights Agreement is hereby amended and supplemented by
adding the following sentence to the end of said Section 13(a):

	 	 	“Notwithstanding anything in this Agreement to the contrary, none of the events
described in clauses (x) through (z) of the first sentence of Section 13(a) shall be
deemed to have occurred as a result of, nor shall an event have otherwise been
deemed to have occurred to cause an adjustment in accordance with this Section 13
(or otherwise) or to cause the Rights to become exercisable under this Agreement as
a result of, (i) the approval, execution and/or delivery of any of the Merger
Transaction Agreements or any amendment thereto, (ii) the approval, execution and/or
delivery of any other contract or instrument in each case entered into by the
Company in connection with the Merger Agreement or the approval, execution and/or
delivery of any amendment thereto, (iii) the Merger, (iv) the consummation of the
Merger or any other transactions contemplated by any of the Merger Transaction
Agreements, or (v) the announcement of any of the Merger Transaction Agreements, the
Merger or any other transactions contemplated by the Merger Transaction Agreements,
or the announcement of any consummation thereof.”

     11. Section 29 of the Rights Agreement is hereby amended and supplemented by adding
the following sentence to the end of said Section 29:

	 	 	“Further, nothing in this Agreement shall be construed to give any holder of Rights
or any other Person any legal or equitable rights, remedies or claims under this
Agreement by virtue of (i) the approval, execution and/or delivery of any of the
Merger Transaction Agreements or any amendment thereto, (ii) the approval, execution
and/or delivery of any other contract or instrument in each case entered into by the
Company in connection with the Merger Agreement or the approval, execution and/or
delivery of any amendment thereto, (iii) the Merger, (iv) the consummation of the
Merger or any other transactions contemplated by any of the Merger Transaction
Agreements, or (v) the announcement of any of the Merger Transaction Agreements, the
Merger or any other transactions contemplated by the Merger Transaction Agreements,
or the announcement of any consummation thereof.”

     12. The Rights Agreement, as amended by this Amendment, shall remain in full force
and effect in accordance with its terms. In the event of any conflict, inconsistency or incongruity
between any provision of this Amendment and any provision of the Rights Agreement, the provisions
of this Amendment shall govern and control for purposes of the subject matter of this Amendment
only. This Amendment shall be construed in accordance with and as a part of the Rights Agreement,
and all terms, conditions, representations, warranties, covenants and agreements set forth in the
Rights Agreement and

4.

 

each other instrument or agreement referred to therein, except as herein amended, are hereby
ratified and confirmed.

     13. All of the covenants and provisions of this Amendment 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.

     14. Nothing in this Amendment shall be construed to give to any person or
corporation other than the Company, Parent, Purchaser, 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 Amendment; but this Amendment shall be for the sole and
exclusive benefit of the Company, Parent, Purchaser, the Rights Agent and the registered holders of
the Right Certificates (and, prior to the Distribution Date, the Common Shares).

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

     16. This Amendment 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.

     17. 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.

     18. The Company hereby certifies to the Rights Agent that this Amendment is in
compliance with Section 26 of the Rights Agreement (and covenants and agrees that from the date
hereof, upon request by the Rights Agent, it shall deliver to the Rights Agent any further
certificate as shall be reasonably required by the Rights Agent to evidence such compliance).

     19. This Amendment shall be deemed effective as of the date first written above (and
on such date, immediately prior to the execution and delivery of the Merger Agreement and the other
Merger Transaction Agreements), as if executed on such date.

5.

 

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

	 	 	 	 	 

	Cypress Bioscience, Inc.	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jay D. Kranzler	 	 
	 

	 	 	 	 
	Name:

	 	Jay D. Kranzler, M.D., Ph.D.	 	 
	Title:

	 	Chairman and Chief Executive Officer	 	 
	 
	 	 	 	 
	American Stock Transfer & Trust Company LLC, as Rights Agent	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	By:

	 	/s/ Herbert J. Lemmer	 	 
	 

	 	 	 	 
	Name:

	 	Herbert J. Lemmer	 	 
	Title:

	 	Vice President	 	 

6.

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