Document:

Exhibit 4.3

 

FOURTH AMENDMENT TO THE RIGHTS AGREEMENT

 

FOURTH AMENDMENT (this “Amendment”) dated as of October 26, 2015, to the RIGHTS AGREEMENT dated as of November 23, 2007 (the “Rights Agreement”), between Ctrip.com International, Ltd., a company incorporated with limited liability under the Cayman Islands Companies Law (the “Company”), and The Bank of New York Mellon (formerly known as The Bank of New York), a New York banking corporation (the “Rights Agent”), as amended by a First Amendment to the Rights Agreement dated as of August 7, 2014, entered into by and between the Company and the Rights Agent (“Amendment No. 1”), a Second Amendment to the Rights Agreement dated as of August 7, 2014, entered into by and between the Company and the Rights Agent (“Amendment No. 2”) and a Third Amendment to the Rights Agreement dated as of May 29, 2015, entered into by and between the Company and the Rights Agent (“Amendment No. 3,” and, together with Amendment No. 2 and Amendment No. 1, the “Prior Amendments”). Capitalized terms used herein shall have the same meanings ascribed to them in the Rights Agreement, as amended.

 

WHEREAS the Company may, at its option, amend the Rights Agreement (subject to certain conditions including no adverse effect on the interests of the holders of Rights as such), without the approval of any holders of Rights, ADSs or Ordinary Shares pursuant to the provisions of Section 28 of the Rights Agreement;

 

WHEREAS the Rights Agent shall, if the Company so directs, amend any provision of the Rights Agreement pursuant to Section 28 of the Rights Agreement; and

 

WHEREAS the Board desires to revise the definition of “Exempt Person” in the Rights Agreement, and the Company desires to amend the corresponding provisions of the Rights Agreement as set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth in the Rights Agreement, Prior Amendments and this Amendment, the parties hereto hereby agree as follows:

 

SECTION 1.  Amendment of Section 1(v). Section 1(a) of the Rights Agreement is hereby amended and restated to read in its entirety as follows:

 

(v) “Exempt Person” shall mean (i) the Company and any Subsidiary of the Company, in each case including in its fiduciary capacity, (ii) any employee benefit plan of the Company or of any Subsidiary of the Company or any entity or trustee holding shares of capital stock of the Company for or pursuant to the terms of any such plan, or for the purpose of funding other employee benefits for employees of the Company or any Subsidiary of the Company, (iii) Priceline Group Inc. and any of its Subsidiaries or (iv) Baidu, Inc. and any of its Subsidiaries; provided, however, with respect to clause (iii) above, such Exempt Person shall be considered an Exempt Person by reason of any such clause only to the extent that the number of Ordinary Shares Beneficially Owned by such Exempt Person at all times does not exceed fifteen percent (15%) of the Ordinary Shares then outstanding in the aggregate; provided further, however, with respect to clause (iv) above, such Exempt Person shall be considered an Exempt Person by reason of any such clause only to the extent that the number of Ordinary Shares Beneficially Owned by such Exempt Person at all times does not exceed twenty-seven percent (27%) of the Ordinary Shares then outstanding in the aggregate.

 

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SECTION 2.  Full Force and Effect.  Except as expressly amended hereby, the Rights Agreement shall continue in full force and effect in accordance with the provisions thereof.

 

SECTION 3.  Governing Law.  This Agreement shall be interpreted and construed in accordance with the laws of the State of New York, U.S.A. All actions and proceedings brought by the Rights Agent relating to or arising from, directly or indirectly, this Agreement may be litigated in courts located within the State of New York. The Company hereby submits to the personal jurisdiction of such courts and consents that any service of process may be made by certified or registered mail, return receipt requested, directed to the Company at its address last specified for notices hereunder. Each of the parties hereto hereby waives the right to a trial by jury in any action or proceeding arising out of or relating to this Agreement.

 

SECTION 4.  Counterparts; Effectiveness.  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.  This Amendment shall be effective as of the date hereof.

 

SECTION 5.  Descriptive Headings.  Descriptive headings of the several Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions.

 

SECTION 6.  Rights Agreement as Amended.  From and after the date hereof, any reference to the Rights Agreement shall mean the Rights Agreement as amended hereby.

 

SECTION 7. Severability.  If any term, provision, covenant, or restriction to this Agreement 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 Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 

[Remainder of page intentionally left blank]

 

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

 

	
 
    	
Ctrip.com   International, Ltd.
    
	
 
    	
 
    
	
 
    	
By
    	
/s/ Jane Jie Sun
    
	
 
    	
 
    	
Name: Jane Jie Sun
    
	
 
    	
 
    	
Title:   Co-President and Chief Operating Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
The Bank of New   York Mellon
    
	
 
    	
 
    
	
 
    	
By
    	
/s/ Robert W. Goad
    
	
 
    	
 
    	
Name: Robert W.   Goad
    
	
 
    	
 
    	
Title: Managing   Director
    

 

3Exhibit

Exhibit 10.1 

Amendment to the IPG Photonics Corporation 
2006 Incentive Compensation Plan, as amended 

4.5 Delegation of Authority 

The second paragraph of Section 4.5 of the Plan is amended by replacing it with the following:
The Committee may delegate authority to the Company's Chief Executive Officer to grant specified numbers of Awards (as determined by the Committee from time to time and during such time periods determined by the Committee) to existing or prospective Employees (other than those individuals who are subject to Section 16(a) of the Exchange Act at the time of the grant) as the Chief Executive Officer determines appropriate without further action of the Committee but subject to rules and guidelines established by the Committee.EMPLOYMENT
AGREEMENT

 

 

THIS AGREEMENT
MADE AS OF October 13, 2015 but effective as of January 1, 2015 (The “Effective Date”)

 

 

BETWEEN:

 

Praetorian
Property, Inc., a company incorporated under the laws of the State of Delaware, USA, having a business address at 7702
E Doubletree Ranch Rd. Ste 300 Scottsdale AZ 88258.

(the
“Company”)

 

OF
THE FIRST PART

AND:

 

Llorn
Kylo, A Canadian citizen, having work authorization in the United States of American under an E2 Visa

(the
“Employee”)

 

OF
THE SECOND PART

 

WHEREAS
the Company has agreed to hire the Llorn Kylo as a full-time Employee of the Company and the Employee has agreed to provide management
services to the Company on the terms and conditions hereinafter set forth;

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants and agreements herein contained, the parties
hereto agree (the “Agreement”) as follows:

 

 

		1.	APPOINTMENT

 

		1.1.	The
                                         Company hereby retains the Employee to provide the Company management with services as
                                         the Chief Executive Officer and as a member of the Company’s Board of Directors
                                         (the “Services”) in regards to the Company’s management and operations,
                                         and the Employee hereby agrees to provide such Services upon the terms and conditions
                                         contained in this Agreement.

 

		2.	TERM;
                                         TERMINATION:

 

		1.1.	The
                                         term of this Agreement will begin on the Effective Date and terminate (i) by mutual consent;
                                         (b) if the Employee gives 30 days’ prior written notice to the Company; or (c)
                                         if the Company gives 90 days’ prior written notice to the Employee. If the Company
                                         terminates the Employee, the Employee shall be entitled to 18 month’s severance
                                         pay and any bonus payable to Employee.

    	 	1	 

    	 	 	 

    

 

		3.	ASSIGNMENT:
                                         

 

		1.1.	Due
                                         to the personal nature of the services to be rendered by Employee, this Agreement may
                                         not be assigned. Company may assign all rights and liabilities under this agreement to
                                         a subsidiary or an affiliate or to a successor to all or a substantial part of its business
                                         and assets with the prior written consent of the Employee. Subject to the foregoing,
                                         this Agreement will inure to the benefit of and be binding upon each of the heirs, assigns,
                                         and successors of the respective parties.

 

		4.	REMUNERATION/REIMBURSEMENT

 

		1.1.	Salary.
                                         During the term of this Agreement, and provided the Agreement has not been terminated
                                         pursuant to Section 2, Company shall pay Employee a salary of $9,000 per month commencing
                                         from the Effective Date payable in respect of each calendar month on the last day of
                                         each month. The Employee shall be entitled to four weeks per year of paid vacation.

 

		1.2.	Bonus.
                                         The Employee will be entitled to a bonus set by the Board of Directors at year end each
                                         year.

 

		1.3.	Expenses.
                                         Company shall reimburse Employee for all reasonable and necessary out-of-pocket expenses,
                                         including travelling expenses, associated with providing the Services. Any monthly expenses
                                         shall be approved by the Company prior to their being incurred.

 

		1.4.	Benefits.
                                         Employee is to receive full medical, dental, insurance and automobile coverage paid for
                                         by the Company.

 

		1.5.	Taxes.
                                         Company will deduct the required tax owing and remit monthly to the IRS on the Employee’s
                                         behalf. If Employee incurs income tax or any other tax, including payroll tax, as a result
                                         of the receipt of non-cash compensation during any fiscal year, Company shall pay to
                                         Employee an amount equal to cover any and all such tax.

 

		5.	DUTIES
                                         OF THE EMPLOYEE

 

		1.1.	The
                                         Employee shall provide management services to the Company pursuant to this Agreement
                                         by directing, overseeing and coordinating major activities of the Company’s operations,
                                         including identifying, evaluating, performing due diligence and acquiring direct equity
                                         holdings in promising properties located in the US, raising capital, as well as acting
                                         as spokesperson for the Company. The Company recognizes that the Employee is actively
                                         involved in other businesses as board member and management, and that therefore, the
                                         Employee shall devote the necessary time, ability, and attention to the business of the
                                         Employer as he and the Board of Directors mutually deem necessary to carry out his duties.

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		6.	CONFIDENTIALITY

 

		1.1.	Unless
                                         permitted by resolution of the Directors, the Employee shall not, during the term of
                                         this Agreement or at any time thereafter, use for its own purposes or for any purposes
                                         other than those of the Company any intellectual property or knowledge or confidential
                                         information of any kind whatsoever it may acquire in relation to the Company’s
                                         business or the business of its subsidiaries, and such shall be and remain the property
                                         of the Company.

 

		8.	GENERAL

 

		1.1.	The
                                         headings and section references in this Agreement are for convenience of reference only
                                         and do not form a part of this Agreement and are not intended to interpret, define or
                                         limit the scope, extent or intent of this Agreement or any provision thereof.

 

		1.2.	Time
                                         is hereby expressly made of the essence of this Agreement with respect to the performance
                                         by the parties of their respective obligations under this Agreement.

 

		1.3.	This
                                         Agreement shall insure to the benefit of and be binding upon the parties hereto and their
                                         respective heirs, executors, administrators, personal representatives, successors and
                                         permitted assigns. This Agreement may not be assigned by either party hereto without
                                         the prior express written consent of the other party.

 

		1.4.	This
                                         Agreement constitutes the entire agreement between the parties hereto relating to the
                                         subject matter hereof and may not be amended, waived or discharged except by an instrument
                                         in writing executed by the party against whom enforcement of such amendment, waiver or
                                         discharge is sought and this Agreement supersedes all prior agreements between the parties.

 

		1.5.	Each
                                         of the parties hereto hereby covenants and agrees to execute such further and other documents
                                         and instruments and do such further acts and other things as may be necessary to implement
                                         and carry out the intent of this Agreement.

 

		1.6.	All
                                         notices, requests, demands and other communications hereunder shall be in writing and
                                         shall be deemed to have been duly given if delivered by hand or mailed by postage prepaid
                                         double registered mail address as follows:

 

To
the Company:

 

Praetorian
Property, Inc.

Address:
7702 E Doubletree Ranch Rd. Ste 300 Scottsdale AZ 88258

 

Attention:
The President

 

To
the Employee:

    	 	3	 

    	 	 	 

    

Address:
5838 E Berneil Lane, Paradise Valley, Arizona, 85253

 

Attention:
Llorn Kylo 

 

IN WITNESS
WHEREOF this Agreement has been duly executed by the parties hereto effective as of the day and year first above written.

 

 

PRAETORIAN
PROPERTY, INC.

 

  

Per:/s/
Authorized Signatory

 

/s/ Llorn
Kylo

Llorn
Kylo

    	 	4

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