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Exhibit 4.2

THIRD AMENDMENT TO THE 

AMENDED AND RESTATED RIGHTS AGREEMENT

     This Amendment, dated May 17, 2007 (the “Amendment”), is made and entered into by and between Viewpoint Corporation (formerly known as MetaCreations Corporation), a Delaware
corporation (the “Company”), and Computershare Trust Company, N.A. (formerly known as EquiServe Trust Company, N.A.), as Rights Agent (the “Rights Agent”). 

     WHEREAS, the Company and the Rights Agent are parties to the Amended and Restated Rights Agreement, dated as of June 24, 1999, as amended by Amendment No. 1 to Amended and Restated Rights
Agreement, dated November 28, 2000 (the “Agreement”); and 

     WHEREAS, pursuant to Section 27 of the Agreement, the Company and the Rights Agent desire to amend the Agreement as set forth below. 

     NOW, THEREFORE, in consideration of the premises and the mutual agreement herein set forth, the parties hereby agree as follows: 

     Section 1. Amendments to Section 1. The definition of “Acquiring Person” is amended in its entirety to read as follows: 

(a) “ACQUIRING PERSON” shall mean any Person who or which, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 15% or more of the Common Shares then outstanding, but shall
not include the Company, any Subsidiary of the Company or any employee benefit plan of the Company or of any Subsidiary of the Company, or any entity holding Common Shares for or pursuant to the terms of any such plan. Notwithstanding the foregoing,
(i) DG FastChannel, Inc. (together with its Associates and Affiliates, “DG”) shall not be deemed an Acquiring Person unless it becomes the Beneficial Owner of 19.99% or more of the Common Shares then outstanding, (ii) Computer Associates
International, Inc. (together with its Associates and Affiliates, “CA”) shall not be deemed an Acquiring Person unless it becomes the Beneficial Owner of 17.5% or more of the Common Shares then outstanding and (iii) no Person (including CA
and DG) shall be deemed to be an Acquiring Person as the result of an acquisition of Common Shares by the Company which, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by such Person to
15% or more (or 19.99% or more in the case of DG or 17.5% or more in the case of CA) of the Common Shares of the Company then outstanding; provided, however, that if a Person shall become the Beneficial Owner of 15% or more (or 19.99% or more in the
case of DG or 17.5% or more in the case of CA) of the Common Shares of the Company then outstanding by reason of share purchases by the Company and shall, after such share purchases by the Company, become the Beneficial Owner of any additional
Common Shares of the Company (other than pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Shares in Common Shares or pursuant to a split or subdivision of the outstanding Common Shares), then such Person
shall be deemed to be an Acquiring Person unless upon becoming the Beneficial Owner of such additional Common Shares of the Company such Person does not beneficially own 15% or more (or 19.99% or more in the case of DG or 17.5% or more in the case
of CA) of the Common Shares of the Company then outstanding. Notwithstanding the foregoing, (i) if the Company’s Board of Directors determines in good faith that a Person who would otherwise be an “Acquiring Person,” as defined
pursuant to the foregoing provisions of this paragraph (a), has become such inadvertently (including, without limitation, because (A) such Person was unaware that it beneficially owned a percentage of the Common Shares that would otherwise cause
such Person to be an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph (a), or (B) such Person was aware of the extent of the Common Shares it beneficially owned but had no actual knowledge of the
consequences of such beneficial ownership under this Agreement) and without any intention of changing or influencing control of the Company, and if such Person divested or divests as promptly as practicable a sufficient number of Common Shares so
that such Person would no longer be an “Acquiring Person,” as defined 

pursuant to the foregoing provisions of this paragraph (a), then such Person shall not be deemed to be or to have become an “Acquiring Person” for any purposes of this Agreement; and (ii) if, as of the date
hereof, any Person is the Beneficial Owner of 15% or more of the Common Shares outstanding, such Person shall not be or become an “Acquiring Person,” as defined pursuant to the foregoing provisions of this paragraph (a), unless and until
such time as such Person shall become the Beneficial Owner of additional Common Shares (other than pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Shares in Common Shares or pursuant to a split or
subdivision of the outstanding Common Shares), unless, upon becoming the Beneficial Owner of such additional Common Shares, such Person is not then the Beneficial Owner of 15% or more of the Common Shares then outstanding. 

     Section 2. Addition of Section 35. The following shall be added to the Agreement as Section 35: 

     Section 35. Force Majeure. Notwithstanding anything to the contrary contained herein, neither party shall be liable for any delays or failures in performance resulting from acts beyond its
reasonable control, including, without limitation, acts of God, terrorist acts, interruptions or malfunction of computer facilities, loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor
difficulties, war, or civil unrest. 

     Section 3. Effect of Amendment. Except as expressly modified herein the Agreement shall remain in full force and effect. 

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

 

	 	VIEWPOINT CORPORATION	 
	 	 	 
	 	By: /s/ Andrew J. Graf             	 
	 	Name: Andrew J. Graf	 
	 	Title: Secretary, EVP and GC	 
	 	 	 
	 	 	 
	 	COMPUTERSHARE TRUST COMPANY, N.A.	 
	 	 	 
	 	By: /s/ Dennis V. Moccia            	 
	 	Name: Dennis V. Moccia 	 
	 	Title: Managing DirectorStandard Terms of Awards Granted Execuives under the 2007 Stock Option Exchange
      Program

    Exhibit
      10.1

     

    STANDARD
      TERMS OF EXECUTIVE AWARDS GRANTED UNDER

    THE
      2007 STOCK OPTION EXCHANGE PROGRAM

    OF
      THE 2004 SYPRIS EQUITY PLAN 

    

    1.  Purpose
      of the Program.
      The
      Company’s 2007 Stock Option Exchange Program (the “Program”) under the 2004
      Sypris Equity Plan (“Plan”) shall be effective for all Awards to executive
      officers and directors incorporating these Terms, to advance the Company’s
      growth and prosperity by providing meaningful long-term financial incentives
      to
      its executives and certain other key employees, and to further the Company’s
      philosophy of equity ownership and incentives.

     

    2.  Eligible
      Grant. “Eligible
      Grant” means any previous
      grant
      of
      stock options under
      any
      of the Company’s stock option or equity plans, if: a) 100% of the stock options
      awarded in such grant were fully vested
      on May
      14, 2007, and b) the exercise price of such options is above $7.90 per
      share.

     

    3.  Eligible
      Options.“Eligible
      Options” means all stock options
      awarded
      in any Eligible
      Grant.
      

     

    4.  New
      Shares.Each
“New
      Share” is one fully vested Share of the Common Stock.

     

    5.  New
      Options.
      Each
“New Option” is the right to purchase one Option Share at the Option Price, from
      the Grant Date until its Expiration Date or forfeiture (subject to adjustments
      per the Plan). Options must be exercised with 48 hours advance written notice,
      unless waived by the Company.

     

    
      	5.1.  	
              Option
                Price.
                “Option Price” means $7.90 per Share (the last closing price per Option
                Share prior to the opening of business on May 14, 2007 (“the Grant
                Date”)). The Option Price is payable to the Company in cash or any other
                method of payment authorized by the Committee in its discretion,
                which may
                include Stock (valued as the closing price per Share on the exercise
                date)
                or vested options (valued as the closing price per Share on the exercise
                date, less the Option Price), in each case in accordance with applicable
                Rules. Similarly, the Participant must arrange for tax withholding
                in
                accordance with applicable Rules, to the satisfaction of the
                Committee.

            

    

     

    
      	5.2.  	
              Option
                Shares.
                Initially, each “Option Share” is one Share of the Common Stock (subject
                to adjustments per the Plan). Option Shares may be certificated upon
                request, with any legends required by applicable
                Rules.

            

    

     

    
      	5.3.  	
              Option
                Vesting.
                All New Options are 100% vested on the Grant
                Date.

            

    

     

    
      	5.4.  	
              Expiration
                Date.
                Each New Option's "Expiration Date" will be May 14,
                2011.

            

    

     

    6.  Award
      of Exchange Rights.
      With
      respect to each Eligible Grant, in exchange for all Eligible Options in such
      grant, the Company hereby awards to the Participant named on Exhibit A, either:
      

     

     

    
      	6.1.  	
              New
                Options:
                the number of New Options specified on Exhibit A in connection with
                any
                Eligible Grant, for which the Participant has elected Exchange #2
                - “New
                Options”, on the last duly executed form of Exhibit A received by the
                Company on or before June 12, 2007 at 5:00 p.m. EST; or
                

            

    

     

     

    
      	6.2.  	
              New
                Shares:
                the number of New Shares specified on Exhibit A in connection with
                any
                Eligible Grant, for which the Participant has elected Exchange #3
                - “New
                Stock”, on the last duly executed form of Exhibit A received by the
                Company on or before June 12, 2007 at 5:00 p.m.
                EST.

            

    

     

     

    
      	6.3.  	
              No
                Change.
                In the alternative, the Participant shall retain all Eligible Options
                specified on Exhibit A in connection with such Eligible Grant, for
                which
                the Participant has elected Exchange #1 - “No Change”, on the last duly
                executed form of Exhibit A received by the Company on or before June
                12,
                2007 at 5:00 p.m. EST. 

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    7.  Retirement,
      DEath or Disability.
      In the
      event of any retirement after age 65 or qualification to receive long-term
      disability benefits under the Company’s then current policies, such retirement
      or disability period shall be treated as a period of employment for purposes
      of
      any exercise rights. In the event of death, the Participant’s representative or
      estate shall have one (1) year in which to exercise any New Options prior to
      their Expiration Date.

     

    8.  Leaves
      of Absence.
      The
      Committee may in its discretion treat all or any portion of any period during
      which a Participant is on military or other approved leave of absence as a
      period of employment for purposes of the accrual of rights
      hereunder.

     

    9.  Other
      Terminations.
      If
      employment is terminated other than for retirement, death or disability, the
      Participant will have up to thirty (30) days in which to exercise any New
      Options prior to their Expiration Date. 

     

    10.  Administration.
      The
      Committee shall have complete authority to administer or interpret the Program
      or any Award, to prescribe, amend and rescind rules and regulations relating
      thereto, and to make all other determinations necessary or advisable for the
      administration of the Program or any Award Agreements (including to establish
      or
      amend any rules regarding the Program that are necessary or advisable to comply
      with, or qualify under, any applicable law, listing requirement, regulation
      or
      policy of any entity, agency, organization, governmental entity, or the Company,
      in the Committee’s sole discretion (“Rule”)). In addition, with respect to any
      future grants or the unvested portion of any Awards, the Committee may amend
      or
      terminate these Terms or any Awards, in its sole discretion without the consent
      of any employee or beneficiary, subject to applicable Rules, at any time and
      from time-to-time. With respect to any amendment, action or approval hereunder,
      the Committee may require the approval of any other persons or entities,
      pursuant to applicable Rules. The decisions of the Committee in interpreting
      and
      applying the Program will be final.

     

    11.  Miscellaneous.
      Unless
      otherwise specified, all capitalized terms herein shall have the meanings
      assigned to them in the Plan or in the Award Agreement.

     

    
      	11.1.  	
              No
                Other Rights.
                The Awards include no other rights beyond those expressly provided
                in the
                Plan, the Program or the Award Agreement. Awards are non-assignable
                and
                non-transferable except by will or the laws of descent and distribution,
                unless otherwise approved by the
                Committee.

            

    

     

    
      	11.2.  	
              Taxes.
                The Participant must pay in cash, surrender Shares or Options of
                then-equivalent value, or otherwise arrange (to the Committee’s
                satisfaction) for all tax withholding
                obligations.

            

    

     

    
      	11.3.  	
              Delegation.
                The Committee may delegate any portion of their responsibilities
                and
                powers to one or more persons selected by them, subject to applicable
                Rules and revocation at any time. 

            

    

     

    

    SYPRIS
      SOLUTIONS, INC.  

    

    

    By: 

    

    Name: 
      Jeffrey T. Gill__    
      _ 

    

    Title: 
      President & CEO___

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