Document:

First Amendment to Rights Agreement

 EXHIBIT 4.1 
  
 FREESCALE SEMICONDUCTOR, INC. 
 6501 William
Cannon Drive West 
 Austin, Texas 78735 
  
 September 23, 2005 
  
 Mellon Investor Services LLC 
 600 North Pearl Street, Suite 
 1010 Dallas, Texas 75201 
 Attention: Client Relationship Executive

  
 Mellon Investor Services LLC 
 Newport Office Centre VII 
 480 Washington Boulevard 
 Jersey City, New Jersey 07310 
 Attention: Legal Department 
  
 Re: First Amendment to Rights Agreement 
  
 Ladies and Gentlemen: 
  
 Pursuant to Section 27 of the Rights Agreement, dated as of July 7, 2004 (the “Rights Agreement”), between Freescale Semiconductor,
Inc., a Delaware corporation (the “Company”), and Mellon Investor Services LLC, as rights agent (the “Rights Agent”), the Company, by resolution adopted by its Board of Directors, hereby amends the Rights Agreement as follows
(this “Amendment”): 
  
 1. The second paragraph of the
preamble to the Rights Agreement is hereby amended and restated in its entirety as follows: 
  
 “The Board of Directors of the Company has authorized and declared a dividend of one preferred share purchase right (a “Class
A Right”) for each Class A Common Share (as hereinafter defined) of the Company outstanding on July 20, 2004 (the “Record Date”) and a dividend of one preferred share purchase right (a “Class B
Right”) for each Class B Common Share (as hereinafter defined) of the Company outstanding on the Record Date (the Class A Rights and Class B Rights together, the “Rights”), each Right representing the right to purchase
one one-hundredth of a Preferred Share (as hereinafter defined), upon the terms and subject to the conditions herein set forth, and has further authorized and directed the issuance of one Class A Right with respect to each Class A Common
Share and one Class B Right with respect to each Class B Common Share that shall become outstanding between the Record Date and the earliest of the Distribution 

 
Date, the Redemption Date and the Final Expiration Date (as such terms are hereinafter defined).” 
  
 2. Paragraph (a) of Section 1 of the Rights Agreement is hereby
amended and restated in its entirety 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 (i) 15% or more of the Class B Common Shares then
outstanding or (ii) any combination of Class A Common Shares and Class B Common Shares representing 15% or more of the Common Shares then outstanding, but shall not include (A) the Company, (B) any Subsidiary of the Company,
(C) any employee benefit plan of the Company or any Subsidiary of the Company, or (D) any entity holding Common Shares for or pursuant to the terms of any such plan. Notwithstanding the foregoing, no Person shall become an ‘Acquiring
Person’ as the result of an acquisition of Common Shares by the Company which, by reducing the number of Common Shares outstanding, increases the proportionate number of Common Shares beneficially owned by such Person to (i) 15% or more of
the Class B Common Shares then outstanding or (ii) any combination of Class A Common Shares and Class B Common Shares representing 15% or more of the Common Shares then outstanding; provided, however, that, if a Person shall
become the Beneficial Owner of (i) 15% or more of the Class B Common Shares then outstanding or (ii) any combination of Class A Common Shares and Class B Common Shares representing 15% or more of the Common Shares 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, other than as a result of a stock dividend, stock split or similar transaction effected by
the Company in which all holders of Common Shares are treated equally, then such Person shall be deemed to be an ‘Acquiring Person.’ Notwithstanding the foregoing, if the Board of Directors of the Company 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, and such Person 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 an ‘Acquiring Person’ for any purposes of this
Agreement.” 
  
 3. Paragraph (a) of Section 3 of
the Rights Agreement is hereby amended and restated in its entirety as follows: 
  
 “Section 3. Issue of Right Certificates. (a) Until the earlier of (i) the tenth day after the Shares Acquisition
Date or (ii) the tenth Business Day (or such later date as may be determined by action of the Board of Directors of the Company prior to such time as any Person becomes an Acquiring Person) after the date of the commencement by 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 or any entity holding Common Shares for or pursuant to the terms of any such plan) of a tender or exchange offer the
consummation of which would result in any Person becoming the Beneficial Owner of (A) 15% or more of the then outstanding Class B Common Shares or (B) any 

 
combination of Class A Common Shares and Class B Common Shares representing 15% or more of the then outstanding Common Shares (including any such date
which is after the date of this Agreement and prior to the issuance of the Rights; the earlier of such dates being herein referred to as the ‘Distribution Date’), (x) the Rights will be evidenced (subject to the provisions of
Section 3(b) hereof) by the certificates for Common Shares of the Company registered in the names of the holders thereof (which certificates shall also be deemed to be Right Certificates) and not by separate Right Certificates, and (y) the
right to receive Right Certificates will be transferable only in connection with the transfer of Common Shares of the Company. As soon as practicable after the Rights Agent receives written notice of a Distribution Date, the Company will prepare and
execute, the Rights Agent will countersign, and the Company will send or cause to be sent (and the Rights Agent will, if so requested in writing, and provided with all reasonably necessary information, send) by first-class, insured, postage-prepaid
mail, to each record holder of Common Shares as of the Close of Business on the Distribution Date, at the address of such holder shown on the records of the Company, a Class A Right Certificate, in substantially the form of Annex B hereto (a
‘Class A Right Certificate’), evidencing one Class A Right for each Class A Common Share so held, and a Class B Right Certificate, in substantially the form of Annex C hereto (a ‘Class B Right
Certificate,’ together with the Class A Right Certificate, the ‘Right Certificates’), evidencing one Class B Right for each Class B Common Share so held. As of the Distribution Date, the Rights will be evidenced solely
by such Right Certificates. The Company shall notify the Rights Agent in writing upon the occurrence of the Distribution Date.” 
  
 4. Section 26 of the Rights Agreement is hereby amended and restated in its entirety as follows, and the Company and the Rights Agent hereby agree
that the addresses set forth in this Section 4 shall constitute the proper addresses for notice relating to this Amendment: 
  
 “Section 26. Notices. Notices or demands authorized by this Agreement to be given or made by the Rights Agent or by the holder
of any Right Certificate to or on the Company shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Rights Agent) or by facsimile transmission as follows:

  
 Freescale Semiconductor, Inc. 
 6501 William Cannon Drive 
 West Austin, TX 78735 
 Attention: Law Department – Corporate Secretary 
 Facsimile No.: (512) 996-6853 
  
 Subject to the provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder
of any Right Certificate to or on the Rights Agent shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed (until another address is filed in writing with the Company) or by facsimile transmission as follows:

 Mellon Investor Services LLC 
 600 North Pearl Street, Suite 1010 
 Dallas, Texas 75201 
 Facsimile No.: (214) 922-4455 
 Attention: Client Relationship Executive 
  
 with a copy to: 
  
 Mellon Investor Services LLC 
 Newport Office Centre VII 
 480 Washington Boulevard 
 Jersey City, New Jersey 07310 
 Facsimile No.: (201) 680-4610 
 Attention: Legal Department 
  
 Notices or demands authorized by this Agreement to be given or made by the
Company or the Rights Agent to the holder of any Right Certificate shall be sufficiently given or made if sent by first-class mail, postage prepaid, addressed to such holder at the address of such holder as shown on the registry of the
Company.” 
  
 5. Section 27 of the Rights Agreement is
hereby amended and restated in its entirety as follows: 
  
 “Section 27. Supplements and Amendments. The Company may from time to time supplement or amend this Agreement without the approval of any holders of Right Certificates subject to the other terms and
conditions of this Agreement in order to cure any ambiguity, to correct or supplement any provision contained herein, which may be defective or inconsistent with any other provisions herein, to shorten or lengthen any time period hereunder or to
make any other provisions with respect to the Rights which the Company may deem necessary or desirable, any such supplement or amendment to be evidenced by a writing signed by the Company and the Rights Agent; provided, however, that,
from and after such time as any Person becomes an Acquiring Person, this Agreement shall not be amended in any manner which would adversely affect the interests of the holders of Rights. Without limiting the foregoing, the Company may at any time
prior to such time as any Person becomes an Acquiring Person amend this Agreement (A) to make the provisions of this Agreement inapplicable to a particular transaction by which a Person would otherwise become an Acquiring Person or to otherwise
alter the terms and conditions of this Agreement as they may apply with respect to any such transaction, and; (B) to lower the thresholds set forth in Section 1(a) and 3(a) hereof to not less than (i) 10% or more of the Class B Common
Shares then outstanding or (ii) any combination of Class A Common Shares and Class B Common Shares representing 10% or more of the Common Shares then outstanding (the “Reduced Threshold”); provided, however,
that no Person who beneficially owns a number of Class B Common Shares or a combination of Class A and Class B Common Shares equal to or greater than the Reduced Threshold shall become an Acquiring Person because of such amendment unless such
Person shall, after the public announcement of the Reduced Threshold (with written notice to the Rights Agent of such public announcement), 

 
increase its beneficial ownership of the then outstanding Class B Common Shares or combination of Class A and Class B Common Shares (other than as a
result of an acquisition of Common Shares by the Company or as a result of a stock dividend, stock split or similar transaction effected by the Company in which all holders of Common Shares are treated equally) to an amount equal to or greater than
the greater of (x) the Reduced Threshold or (y) the sum of (i) the lowest beneficial ownership of such Person as a percentage of the outstanding Class B Common Shares as of any date on or after the date of the public announcement of
such Reduced Threshold, plus .001%, or (ii) the lowest beneficial ownership of such Person as a percentage of a combination of the outstanding Class A and Class B Common Shares as of any date on or after the date of the public announcement
of such Reduced Threshold, plus .001%. Upon delivery of a certificate from an appropriate officer of the Company and, if requested by the Rights Agent, an opinion of counsel, that states that the proposed supplement or amendment is in compliance
with the terms of this Section 27, the Rights Agent shall execute such supplement or amendment. Notwithstanding anything contained in this Agreement to the contrary, the Rights Agent may, but shall not be obligated to, enter into any supplement
or amendment that affects the Rights Agent’s own rights, duties, obligations or immunities under this Agreement. Prior to the Distribution Date, the interests of the holders of the Rights shall be deemed coincident with the interests of the
holders of the Common Stock.” 
  
 6. Capitalized terms used
without other definition in this Amendment shall be used as defined in the Rights Agreement. 
  
 7. 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. 
  
 8. 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. 
  
 9. This Amendment shall be effective as of the date first written above, and
all references to the Rights Agreement shall from and after such time be deemed to be references to the Rights Agreement as amended hereby. 
  
 [Signatures Appear on Following Page] 

			
	 Very truly yours,
  
 FREESCALE SEMICONDUCTOR, INC.

		
	By:	 	 /s/  John D. Torres

	 Name:
	 	 John D. Torres

	 Title:
	 	 Senior Vice President, Secretary and
 General
Counsel

  
  

			
	 Accepted and agreed to as of the
 effective time specified above:
  
 MELLON INVESTOR SERVICES LLC

		
	By:	 	 /s/  Mona L. Vorhees

	 Name:
	 	 Mona L. Vorhees

	 Title:
	 	 Assistant Vice PresidentRedemption Plan

 EXHIBIT 4.6 
  

Form of Amended and Restated Redemption Plan 

 FORM OF 
 AMENDED AND RESTATED REDEMPTION PLAN 
  
 CNL INCOME PROPERTIES, INC., a Maryland corporation (the “Company”), has adopted an Amended and Restated Redemption Plan (the “Redemption Plan”) by which Shares of the Company’s common stock
(the “Shares”) may be repurchased by the Company from stockholders subject to the terms and conditions set forth below. 
  
 1. Redemption Price. The Company’s Redemption Plan is designed to provide eligible stockholders with limited, interim liquidity by enabling
them to sell Shares back to the Company prior to the Listing of the Shares. Subject to certain restrictions discussed below, the Company may repurchase fractional Shares computed to five decimal places, from time to time, at the following prices:

  

	 	(i)	$9.25 per share for stockholders who have owned those Shares for at least one year; 

  

	 	(ii)	$9.50 per share for stockholders who have owned those Shares for at least two years; 

  

	 	(iii)	$9.75 per share for stockholders who have owned those Shares for at least three years, and 

  

	 	(iv)	for stockholders who have owned those Shares for at least four years, a price determined by the Company’s board of directors but in no event less than $10.00 per share.

  
 Notwithstanding the foregoing, during the period of any public
offering, the repurchase price will be equal to or below the price of the Shares offered in any offering. 
  
 Stockholders who have purchased Shares in the Company’s Initial Offering (SEC File No. 333-108355) (the “Existing Stockholders”), shall be
redeemed at no less than $9.50 per Share upon effectiveness of the Redemption Plan. Existing Stockholders will be eligible to redeem Shares at greater than $9.50 per Share once they have held Shares for longer than two years in accordance with the
paragraph above. Redemption of shares issued pursuant to the Company’s Reinvestment plan will be priced based upon the purchase from which shares are being reinvested. 
  
 2. Redemption of Shares. Any stockholder who has held Shares for not less than one year (other than the advisor) may
present for the Company’s consideration, all or any portion equal to at least 25% of such Shares for redemption at any time, in accordance with the procedures outlined herein. At such time, the Company may, at the Company’s sole option,
choose to redeem such Shares presented for redemption for cash to the extent it has sufficient funds available. Further, the Company has the right to waive the one-year holding period in the event of the death, permanent disability or bankruptcy of
a stockholder or other exigent circumstances. There is no assurance that there will be sufficient funds available for redemption or that the Company will exercise its discretion to redeem such Shares and, accordingly, a stockholder’s Shares may
not be redeemed. Factors that the Company will consider in making its determination to redeem Shares include: 
  

	 	(i)	whether such redemption impairs the Company’s capital or operations; 

  

	 	(ii)	whether an emergency makes such redemption not reasonably practical; 

  

	 	(iii)	whether any governmental or regulatory agency with jurisdiction over the Company so demands for such action for the protection of the Company’s stockholders;

  

	 	(iv)	whether such redemption would be unlawful; or 

  

	 	(v)	whether such redemption, when considered with all other redemptions, sales, assignments, transfers and exchanges of the Shares, could cause direct or indirect ownership of the
Shares to become concentrated to an extent which would prevent the Company from qualifying as a REIT for tax purposes. 

  
 If the Company elects to redeem Shares, the following conditions and limitations would apply. The full amount of the proceeds from the sale of Shares
under the Reinvestment Plan (the “Reinvestment Proceeds”) 

 attributable to any calendar quarter will be used to redeem Shares presented for redemption during such quarter. In
addition, the Company may, at the Company’s discretion, use up to $100,000 per calendar quarter of the proceeds of any public offering of the Company’s common stock for redemptions. Any amount of offering proceeds which is available for
redemptions, but which is unused, may be carried over to the next succeeding calendar quarter for use in addition to the amount of offering proceeds and Reinvestment Proceeds that would otherwise be available for redemptions. At no time during a
12-month period, however, may the number of Shares the Company redeems (if the Company determines to redeem Shares) exceed 5% of the weighted average number of Shares of the Company’s common stock at the beginning of such 12-month period.

  
 3. Insufficient Funds. In the event there are
insufficient funds to redeem all of the Shares for which redemption requests have been submitted, and the Company determine to redeem Shares, the Company will redeem Shares on a pro rata basis at the end of each quarter. A stockholder whose Shares
are not redeemed due to insufficient funds in that quarter, can ask that the request to redeem the Shares be honored at such time as sufficient funds exist. In such case, the redemption request will be retained and such Shares will be redeemed (if
the Company determines to redeem Shares) in the same manner as described above, at the end of the next quarter. Alternatively, if a redemption request is not satisfied and the stockholder does not make a subsequent request to redeem its Shares at
such time as sufficient proceeds from the Reinvestment Plan exist, the Company will treat the initial redemption request as cancelled. Stockholders will not relinquish their Shares of common stock to the Company until such time as the Company
commits to redeem such Shares. Commitments to redeem Shares will be made at the end of each quarter and will be communicated to each stockholder who has submitted a request in writing. Until such time as a commitment is communicated and Shares are
actually delivered to the Company, a stockholder may withdraw its redemption request. 
  
 4. Excess Funds. If the full amount of funds available for any given quarter exceeds the amount necessary for such redemptions, the remaining amount may be held for subsequent redemptions unless such amount is
sufficient to make an additional investment (directly or through a joint venture), or is used to repay outstanding indebtedness. In that event, the Company may use all or a portion of such amount to make additional investments or to repay such
outstanding indebtedness, provided that the Company (or, if applicable, the joint venture) enters into a binding contract to make such investments, or uses such amount to repay outstanding indebtedness, prior to payment of the next distribution and
the Company’s receipt of requests for redemption of Shares. 
  
 5. Redemption Requests. A stockholder who wishes to have his or her Shares redeemed must mail or deliver a written request on a form the Company provide, executed by the stockholder, its trustee or authorized agent, to the redemption
agent, which is currently Bank of New York. The redemption agent at all times will be registered or exempt from registration as a broker-dealer with the Commission and each state securities commission. Within 30 days following the redemption
agent’s receipt of the stockholder’s request, the redemption agent will forward to such stockholder the documents necessary to affect the redemption, including any signature guarantee the Company or the redemption agent may require. The
redemption agent will affect such redemption for the calendar quarter provided that it receives the properly completed redemption documents relating to the Shares to be redeemed from the stockholder at least one calendar month prior to the last day
of the current calendar quarter and has sufficient funds available to redeem such Shares. The effective date of any redemption will be the last date during a quarter during which the redemption agent receives the properly completed redemption
documents. As a result, the Company anticipates that, assuming sufficient funds are available for redemption, the redemptions will be paid no later than thirty days after the quarterly determination of the availability of funds for redemption.

  
 Upon the redemption agent’s receipt of notice for
redemption of Shares, the redemption price will be on such terms as the Company shall determine. As set forth in paragraph 1 above, the redemption price for Shares of the Company’s common stock will be between $9.25 and $10.00 as determined by
the length time such Shares have been held and which amount will never exceed the then current offering price of the Company’s common stock. 
  
 6. Amendment or Suspension of the Plan. Accordingly, the redemption price paid to stockholders for Shares of common stock the Company redeems may
vary over time to the extent that the United States Internal Revenue Service changes its ruling regarding the percentage discount that a REIT may give on reinvested Shares, or to the extent that the board of directors determines to make a
corresponding change to the price at which it offers Shares pursuant to its Reinvestment Plan. Because the proceeds from the Reinvestment Plan are the primary source of funds to redeem Shares under the redemption plan, the Company would then adjust
the maximum redemption 
  

 3 

 price to match the price at which the Company offers Shares under the Company’s Reinvestment Plan. Our board of
directors will announce any price adjustment and the time period of its effectiveness as a part of its regular communications with stockholders. We will provide at least 15 days advance notice prior to effecting a price adjustment: (i) in the
Company’s annual or quarterly reports or (ii) by means of a separate mailing accompanied by disclosure in a current or periodic report under the Securities Exchange Act of 1934. While the Company is engaged in an offering, the Company will also
include this information in a prospectus supplement or post-effective amendment to the registration statement as required under federal securities laws. 
  
 A stockholder may present fewer than all of his or her Shares to the Company for redemption, provided, however, that: 
  

	 	(i)	the minimum number of Shares which must be presented for redemption shall be at least 25% of his or her Shares, and 

  

	 	(ii)	if such stockholder retains any Shares, he or she must retain at least $5,000 worth of Shares based on the current offering price. 

  
 The board of directors, in its sole discretion, may amend or suspend the
redemption plan at any time it determines that such amendment or suspension is in the Company’s best interests. The board of directors may amend or suspend the redemption plan if: 
  

	 	(i)	it determines, in its sole discretion, that the redemption plan impairs the Company’s capital or operations; 

  

	 	(ii)	it determines, in its sole discretion, that an emergency makes the redemption plan not reasonably practical; 

  

	 	(iii)	any governmental or regulatory agency with jurisdiction over the Company so demands for the protection of the stockholders; 

  

	 	(iv)	it determines, in its sole discretion, that the redemption plan would be unlawful; 

  

	 	(v)	it determines, in its sole discretion, that redemptions under the redemption plan, when considered with all other sales, assignments, transfers and exchanges of the Shares, could
cause direct or indirect ownership of the Shares to become concentrated to an extent which would prevent the Company from qualifying as a REIT under the Code; or 

  

	 	(vi)	it determines, in its sole discretion, that such amendment or suspension would be in the Company’s best interest. 

  
 If the Company’s board of directors amends or suspends the redemption
plan, the Company will provide stockholders with at least 15 days advance notice prior to effecting such amendment or suspension: (i) in the Company’s annual or quarterly reports or (ii) by means of a separate mailing accompanied by disclosure
in a current or periodic report under the Securities Exchange Act of 1934. While the Company is engaged in an offering, the Company will also include this information in a prospectus supplement or post-effective amendment to the registration
statement as required under federal securities laws. For a discussion of the tax treatment of such redemptions, see “Federal Income Tax Considerations — Taxation of Stockholders.” The redemption plan will terminate, and the Company no
longer shall accept Shares for redemption, if and when Listing occurs. See “Risk Factors — Offering-Related Risks — The sale of Shares by stockholders could be difficult.” 
  

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 Governing Law. THIS REDEMPTION PLAN AND A STOCKHOLDER’S ELECTION TO PARTICIPATE IN THE
REDEMPTION PLAN SHALL BE GOVERNED BY THE LAWS OF THE STATE OF FLORIDA APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY IN SAID STATE; PROVIDED, HOWEVER, THAT CAUSES OF ACTION FOR VIOLATIONS OF FEDERAL OR STATE SECURITIES LAWS SHALL NOT BE
GOVERNED BY THIS SECTION 6. 
  

 5

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