Document:

exhibit4_2.htm

    EXHIBIT 4.2

     

    Form of Right
Certificate

     

    Certificate
No.
R-________                                                                                                                                        

    

    NOT
EXERCISABLE AFTER JULY 21, 2014 OR EARLIER IF REDEMPTION OR EXCHANGE OCCURS. THE
RIGHTS ARE SUBJECT TO REDEMPTION AT $0.01 PER RIGHT AND TO EXCHANGE ON THE TERMS
SET FORTH 1N THE RIGHTS AGREEMENT. UNDER CERTAIN CIRCUMSTANCES, AS SET FORTH IN
THE RIGHTS AGREEMENT, RIGHTS OWNED BY OR TRANSFERRED TO ANY PERSON WHO IS OR
BECOMES AN ACQUIRING PERSON (AS DEFINED IN THE RIGHTS AGREEMENT) AND CERTAIN
TRANSFEREES THEREOF WILL BECOME NULL AND VOID AND WILL NO LONGER BE
TRANSFERABLE.

     

    Right
Certificate

     

    CAPITOL
BANCORP LTD.

     

    This
certifies that ________ or registered assigns, is the registered owner of the
number of Rights set forth above, each of which entitles the owner thereof,
subject to the terms, provisions and conditions of the Rights Agreement, dated
as of July 21, 2009 as the same may be amended from time to time (the “Rights
Agreement”), between Captiol Bancorp Ltd., a Michigan corporation (the
“Company”),
and Mellon Investor Services LLC, a New Jersey limited liability company (the
“Rights
Agent”), to purchase from the Company at any time after the Distribution
Date (as such term is defined in the Rights Agreement) and prior to 5:00 P.M.,
Lansing, Michigan time, on July 21, 2014 at the office of the Rights Agent
designated for such purpose, or of its successor as Rights Agent, one
one-thousandth of a fully paid non-assessable share of Series X Junior
Participating Preferred Stock, no par value per share (the “Series X
Preferred Stock”), of the Company, at a purchase price of $5.00 per one
one-thousandth of a share of Series X Preferred Stock (the “Purchase
Price”), upon presentation and surrender of this Right Certificate with
the Form of Election to Purchase duly executed. The number of Rights evidenced
by this Right Certificate (and the number of one one-thousandths of a share of
Series X Preferred Stock which may be purchased upon exercise hereof) set forth
above, and the Purchase Price set forth above, are the number and Purchase Price
as of July 31, 2009, based on the Series X Preferred Stock as constituted at
such date. As provided in the Rights Agreement, the Purchase Price, the number
of one one-thousandths of a share of Series X Preferred Stock (or other
securities or property) which may be purchased upon the exercise of the Rights
and the number of Rights evidenced by this Right Certificate are subject to
modification and adjustment upon the happening of certain events.

     

    This
Right Certificate is subject to all of the terms, provisions and conditions of
the Rights Agreement, which terms, provisions and conditions are hereby
incorporated herein by reference and made a part hereof and to which Rights
Agreement reference is hereby made for a full description of the rights,
limitations of rights, obligations, duties and immunities hereunder of the
Rights Agent, the Company and the holders of the Right Certificates. Copies of
the Rights 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Agreement
are on file at the principal executive offices of the Company. The Company will
mail to the holder of this Right Certificate a copy of the Rights Agreement
without charge after receipt of a written request therefor.

     

    This
Right Certificate, with or without other Right Certificates, upon surrender at
the office or agency of the Rights Agent designated for such purpose, may be
exchanged for another Right Certificate or Right Certificates of like tenor and
date evidencing Rights entitling the holder to purchase a like aggregate number
of shares of Series X Preferred Stock as the Rights evidenced by the Right
Certificate or Right Certificates surrendered shall have entitled such holder to
purchase. If this Right Certificate shall be exercised in part, the holder shall
be entitled to receive upon surrender hereof another Right Certificate or Right
Certificates for the number of whole Rights not exercised.

     

    Subject
to the provisions of the Rights Agreement, the Rights evidenced by this
Certificate (i) may be redeemed by the Company at a redemption price of $0.01
per Right or (ii) may be exchanged in whole or in part for shares of Series X
Preferred Stock or shares of the Company’s Common Stock.

     

    No
fractional shares of Series X Preferred Stock or Common Stock will be issued
upon the exercise or exchange of any Right or Rights evidenced hereby (other
than fractions of Series X Preferred Stock which are integral multiples of one
one-thousandth of a share of Series X Preferred Stock, which may, at the
election of the Company, be evidenced by depositary receipts), but in lieu
thereof a cash payment will be made, as provided in the Rights
Agreement.

     

    No holder
of this Right Certificate, as such, shall be entitled to vote or receive
dividends or be deemed for any purpose the holder of the Series X Preferred
Stock or of any other securities of the Company which may at any time be
issuable on the exercise or exchange hereof, nor shall anything contained in the
Rights Agreement or herein be construed to confer upon the holder hereof, as
such, any of the rights of a stockholder of the Company or any right to vote for
the election of directors or upon any matter submitted to stockholders at any
meeting thereof, or to give or withhold consent to any corporate action, or to
receive notice of meetings or other actions affecting stockholders (except as
provided in the Rights Agreement) or to receive dividends or subscription
rights, or otherwise, until the Right or Rights evidenced by this Right
certificate shall have been exercised or exchanged as provided in the Rights
Agreement.

     

    This
Right Certificate shall not be valid or obligatory for any purpose until it
shall have been countersigned by the Rights Agent.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    WITNESS
the facsimile signature of the proper officers of the Company and its corporate
seal. Dated as of _________ __, 2009.

     

    ATTEST:                                                                                        CAPITOL
BANCORP LTD.

    

    

    

    By:  __________________________                                                             By:
_______________________

    

    

    Countersigned:

    
_____________________________ ,

    MELLON
INVESTOR SERVICES LLC

    as Rights
Agent

    

    

    By:  __________________________                                                         

           Authorized
Signatory

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Form
of Reverse Side of Right Certificate

     

    FORM OF
ASSIGNMENT

     

    (To
be executed by the registered holder if such

      holder
desires to transfer the Right Certificate)

     

    FOR VALUE
RECEIVED __________________ hereby sells, assigns and transfer unto
__________________________

     

     

    
      
        

      

    

    (Please
print name and address of transferee)

     

    Rights
represented by this Right Certificate, together with all right, title and
interest therein, and does hereby irrevocably constitute and appoint
___________Attorney, to transfer said Rights on the books of the within-named
Company, with full power of substitution.

     

    Dated:
_________, ____

     

    __________________

    Signature

    

     

    Signature
Guaranteed:

     

    Signatures
must be guaranteed by a bank, trust company, broker, dealer or other eligible
institution participating in a recognized signature guarantee medallion
program.

     

    The
undersigned hereby certifies that the Rights evidenced by this Right Certificate
are not beneficially owned by, were not acquired by the undersigned from, and
are not being sold, assigned or transferred to, an Acquiring Person or an
Affiliate or Associate thereof (as defined in the Rights
Agreement).

     

    _______________________________

    Signature

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Form of
Reverse Side of Right Certificate — continued

    FORM OF ELECTION TO
PURCHASE

    

    (To
be executed if holder desires to exercise

     Rights
represented by the Rights Certificate)

    

    To the
Rights Agent:

     

    The
undersigned hereby irrevocably elects to exercise ____________ Rights
represented by this Right Certificate to purchase the shares of Series X Junior
Participating Preferred Stock (or other securities or property) issuable upon
the exercise of such Rights and requests that certificates for such shares of
Series X Junior Participating Preferred Stock (or such other securities) be
issued in the name of:

     

     

    
      
        
(Please
print name and address of transferee)

    

     

    

     

    If such
number of Rights shall not be all the Rights evidenced by this Right
Certificate, a new Right Certificate for the balance remaining of such Rights
shall be registered in the name of and delivered to:

     

    Please
insert social security or other identifying number:
___________________

     

     

    
      
        
(Please
print name and address of transferee)

    

     

    

     

    Dated:
_________,
____                                                                                     ________________________________

     

                                                        Signature

    

    (Signature
must conform to holder

    specified
on Right Certificate)

    Signature
Guaranteed:

     

    Signatures
must be guaranteed by a bank, trust company, broker, dealer or other eligible
institution participating in a recognized signature guarantee medallion
program.

     

    The
undersigned hereby certifies that the Rights evidenced by this Right Certificate
are not beneficially owned by, were not acquired by the undersigned from, and
are not being sold, assigned or transferred to, an Acquiring Person or an
Affiliate or Associate thereof (as defined in the Rights
Agreement).

     

    _______________________________

    Signature

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Form of
Reverse Side of Right Certificate — continued

     

    Notice

     

    The
signature in the Form of Assignment or Form of Election to Purchase, as the case
may be, must conform to the name as written upon the face of this Right
Certificate in every particular, without alteration or enlargement or any change
whatsoever.

     

    In the
event the certification set forth above in the Form of Assignment or the Form of
Election to Purchase, as the case may be, is not completed, such Assignment or
Election to Purchase will not be honored.

     

    ______________amendedvrr.htm

     

     

    Exhibit 10.1

    AMENDMENT
NO. 1

     

    TO

     

    VOTING,
REGISTRATION RIGHTS & LOCK-UP AGREEMENT

     

    THIS
AMENDMENT NO.1 TO VOTING, REGISTRATION RIGHTS & LOCK-UP AGREEMENT (this
“Amendment”),
dated as of July 17, 2009, is by and among ABRAXAS PETROLEUM CORPORATION, a
Nevada corporation (“Abraxas”), ABRAXAS
ENERGY PARTNERS, L.P., a Delaware limited partnership (“Energy,” and together
with Abraxas, the “Abraxas Parties”),
and the limited partners signatory hereto (individually, a “Limited Partner” and,
collectively, the “Limited
Partners”).

     

    RECITALS

     

    WHEREAS, Abraxas and Energy
have previously executed and delivered that certain Agreement and Plan of Merger
dated as of June 30, 2009 (the “Original Merger Agreement”)
providing for the merger of Energy with and into Abraxas;

     

    WHEREAS, Abraxas and Energy
have agreed to amend and restate the Original Merger Agreement pursuant to the
terms of that certain Amended and Restated Agreement and Plan of Merger dated as
of the date hereof (as the same may be amended or supplemented, the “Merger Agreement”)
providing for the merger (the “Merger”) of a
wholly-owned subsidiary of Abraxas (“Merger Sub”) with and
into Energy, with Merger Sub surviving as a wholly-owned subsidiary of
Abraxas;

     

    WHEREAS, the Abraxas Parties
and the Limited Partners have previously executed and delivered that certain
Voting, Registration Rights & Lock-Up Agreement dated as of June 30, 2009
(the “Original
Agreement”);

     

    WHEREAS, pursuant to Section
7.2 of the Original Agreement, the Original Agreement may be amended by the
agreement of the Abraxas Parties and the Limited Partners; and

     

    WHEREAS, the Abraxas Parties
and the Limited Partners desire to amend the Original Agreement so that the
terms of the Original Agreement shall apply to the Merger and the Merger
Agreement.

     

    NOW THEREFORE, in
consideration of the mutual covenants and agreements set forth herein and for
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged by each party hereto, the parties hereby agree as
follows:

     

    Section
1. Capitalized
Terms. Except as otherwise provided in this Amendment, all capitalized
terms used in this Amendment shall have the meaning set forth in the Original
Agreement.

     

                       
Section 2. Amendment. The first
recital of the Original Agreement is hereby amended to read, in its entirety, as
follows:

     

    
      
         

      

      
        
          

        

      

      
         

      

    

     

    “WHEREAS, Abraxas, Energy and,
from and after its accession as a party to the agreement, the Delaware limited
liability company to be formed as a wholly-owned subsidiary of Abraxas (“Merger Sub”), propose
to enter into an Amended and Restated Agreement and Plan of Merger dated as of
July 17, 2009 (the “Merger Agreement”)
providing for the merger of Energy with and into Merger Sub with Merger Sub
surviving as a wholly-owned subsidiary of Abraxas (the “Merger”);”

     

    Section
3. Counterparts.  This
Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which counterparts, when so executed
and delivered, shall be deemed to be an original and all of which counterparts,
taken together, shall constitute but one and the same Amendment.  In
the event that this Amendment is delivered by facsimile transmission or by
e-mail delivery of a “.pdf” format date file, such signature shall create a
valid and binding obligation of the party executing (or on whose behalf such
signature is executed) with the same force and effect as if such facsimile or
“.pdf” signature page were an original thereof.

     

    Section
4. Headings.  The
headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof.

     

    Section
5. Governing
Law.  The laws of the State of New York shall govern this
Agreement without regard to principles of conflict of laws.

     

    Section
6. Original
Agreement.  Except as expressly amended by this Amendment, the
Original Agreement shall remain in full force and effect and all of the terms of
the Original Agreement are hereby incorporated into this Amendment.

     

    

     

     [Remainder of the
Page Intentionally Left Blank]

    
      
         

      

      
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