Document:

EX-4.1

 Exhibit 4.1 

AMENDMENT NO. 1 TO 

PREFERRED SHARES RIGHTS AGREEMENT 

This AMENDMENT NO. 1 TO THE PREFERRED SHARES RIGHTS AGREEMENT (this “Amendment”) is dated as of December 30, 2013 (the
“Effective Date”) and amends the Preferred Shares Rights Agreement, dated as of November 2, 2012 (the “Rights Agreement”), by and between Netflix, Inc., a Delaware corporation (the “Company”),
and Computershare Trust Company, N.A., a federally chartered trust company, as rights agent (the “Rights Agent”). Capitalized terms used in this Amendment and not otherwise defined have the meaning given to them in the Rights
Agreement. 
 RECITALS 

WHEREAS, in accordance with Section 27 of the Rights Agreement, prior to the Distribution Date, the Company may amend the Rights
Agreement in any respect without the approval of any holders of Rights Certificates, Preferred Shares or Common Shares; and 
 WHEREAS, the
Rights Agent is hereby directed to join in this Amendment. 
 AGREEMENT 

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

1. Amendment of the Rights Agreement. Section 1(y) of the Rights Agreement is hereby amended and restated in its entirety as
follows: 
 “Final Expiration Date” means December 30, 2013. 

2. Amendment of Exhibits. The exhibits to the Rights Agreement shall be deemed to be restated to reflect this Amendment,
including all conforming changes. 
 3. Other Amendment; Effect of Amendment. Except as and to the extent expressly
modified by this Amendment, the Rights Agreement and the exhibits thereto remain in full force and effect in all respects without any modification. This Amendment will be deemed an amendment to the Rights Agreement and will become effective on the
Effective Date. In the event of a conflict or inconsistency between this Amendment and the Rights Agreement and the exhibits thereto, the provisions of this Amendment will govern. 

4. Counterparts. This Amendment may be executed in any number of counterparts and each of such counterparts will for all
purposes be deemed to be an original, and all such counterparts will together constitute one and the same instrument, it being understood that all parties need not sign the same counterpart. A signature to this Amendment transmitted electronically
(including by fax and .pdf) will have the same authority, effect and enforceability as an original signature. No party hereto may raise the use of such electronic transmission to deliver a signature, or the fact that any signature or agreement or
instrument was transmitted or communicated through such electronic transmission, as a defense to the formation of a contract, and each party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

 5. Severability. 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 will remain in full force and effect and will in no way be
affected, impaired or invalidated. 
 6. Descriptive Headings. The descriptive headings of the several Sections of this
Amendment are inserted for convenience only and will not control or affect the meaning or construction of any of the provisions hereof. 

7. Further Assurances. Each of the parties to this Amendment will cooperate and take such action as may be reasonably requested
by the other party in order to carry out the provisions and purposes of this Amendment, the Rights Agreement and the transactions contemplated hereunder and thereunder. 

8. Governing Law. This Amendment will be deemed to be a contract made pursuant to the laws of the State of Delaware and for all
purposes will be governed by and construed in accordance with the laws of the State of Delaware applicable to contracts made and to be performed entirely within such State; provided, however, that all provisions regarding the rights,
duties and obligations of the Rights Agent will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State. 

[Signature page follows.] 

  
 -2- 

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

			
	NETFLIX, INC.
		
	By:	 	/s/ David Hyman
		 	Name: David Hyman
		 	Title: General Counsel and Secretary

  

			
	COMPUTERSHARE TRUST COMPANY, N.A.
		
	By:	 	/s/ Dennis V. Moccia
		 	Name: Dennis V. Moccia
		 	Title: Manager, Contracts AdministrationEX-4.1

 Exhibit 4.1 

AMENDMENT TO CERTIFICATE OF DESIGNATION 

Section 7(f) is amended so that, as amended, Section 7(f) shall read as follows: 

 

	 	(f)	Net Income Related Adjustment. For purposes of this Section 7(f) “Adjusted Net Income” means, for the applicable period, the net income (or net loss) of the Corporation and its consolidated
Subsidiaries, determined in accordance with GAAP, consistently applied, plus any deduction for warrant or option derivative liability set forth in the Corporation’s income statement for the applicable period. All determinations of the
components of Adjusted Net Income from the Corporation’s most recently filed Form 10-Q or Form 10-K, as applicable. In addition to any other adjustments hereunder, the Conversion Price shall be permanently and cumulatively reduced, and only
reduced, by the percentage by which the Corporation fails to meet the Adjusted Net Income amounts set forth below. 

 i) for
the nine month period ending September 30, 2012 (the “Third Quarter Milestone”) the Corporation shall have Adjusted Net Income of at least $15,000,000, each as reported in the Corporation’s Form 10-Q for the quarter ending on
September 30, 2012 as filed with the Commission. 
 Each such adjustment shall be effective as of the first day of the
following quarter (by way of example, if the Adjusted Net Income requirement is not met for the quarter ended September 30, 2012, the reduction is effective immediately on October 1, 2012). As to any conversions by a Holder that occurred
following the end of a quarter but prior to the date the Corporation’s periodic report was filed (“Interim Period”), the Corporation shall retroactively send such Holder additional Conversion Shares within 3 Trading Days of the date
of the applicable filing if an adjustment is required hereunder. The number of additional Conversion Shares issued shall be equal to the number of Conversion Shares receivable from such conversions based on the adjusted Conversion Price less any
Conversion Shares previously received on account of such conversions. Any subsequent restatements of the Corporation’s financials shall require similar retroactive issuances if the aforementioned events are subsequently deemed to have occurred.
The Corporation shall provide written notice to each Holder no later than 1 Business Day following the Corporation’s filing of the applicable periodic report with the Commission, indicating therein the new conversion price and the Adjusted Net
Income. In the event the Corporation fails to timely file a 10-Q for the period ending September 30, 2012, the Corporation shall be irrevocably deemed to have failed to meet the Third Quarter Milestone. In the event that there is an adjustment
to the Conversion Price pursuant to any other provision under this Section 7 during the Interim Period, the Conversion Price shall be the lower of the (i) the Conversion Price as adjusted pursuant to the other provisions of this
Section 7 and (ii) the new Conversion Price as determined hereunder. Notwithstanding anything herein to the contrary (A) this Section 7(f) is effective December 30, 2012 and supersedes any contrary provisions that were in
effect prior to such date, and (B) the provisions of this Section 7(f) shall only have the effect of reducing the Conversion Price. By way of an example, if the Conversion Price on September 29, 2012 is $1.00, and the Corporation
shall report Adjusted Net Income of $10,000,000 for the nine month period ending September 30, 2012, the Conversion Price would be reduced to $0.66, effective as of October 1, 2012, pursuant to the terms of this Section 7(f).EX-4.2

 Exhibit 4.2 

THIRD AMENDMENT TO WARRANT 

THIRD AMENDMENT TO WARRANTS, dated December     , 2013 (this “Amendment”), by and among University
General Health System, Inc., a Nevada corporation (the “Company”), and each party listed on the signature pages hereto (collectively, the “Holders”). 

WHEREAS, the Company entered into the Securities Purchase Agreement, dated April 30, 2012 (the “Securities Purchase
Agreement”), with the Holders; 
 WHEREAS, pursuant to the Securities Purchase Agreement, on May 2, 2012, the Company issued
to each of the Holders a Common Stock Purchase Warrant (the “Warrants”); 
 WHEREAS, in December 2012, the Warrants
were amended pursuant to the First Amendment to Warrants, by and among the Company and the Holders (the “First Amendment to Warrants”); and 

WHEREAS, in December 2012, certain of the Warrants were amended pursuant to the Second Amendment to Warrants, by and among the Company
and certain Holders (the “Second Amendment to Warrants”); and 
 WHEREAS, Section 5(l) of each Warrant provides that
written consent of the holder thereof and the Company shall be required for any amendment to such Warrant; and 
 WHEREAS, on the terms and
subject to the conditions set forth herein, the Company and the Holders hereby consent to amend the terms of the Warrants as set forth below. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements, provisions and covenants contained herein and in the Warrants, the
parties hereby agree as follows: 
 Section 1 Definitions. Unless otherwise specified herein, all capitalized terms used and not
defined herein shall have the meanings ascribed to them in the Warrants. 
 Section 2 Representations and Warranties. The
Company has the requisite corporate power and authority to enter into and to consummate this Amendment. The execution and delivery of this Amendment has been duly authorized by all necessary action on the part of the Company and no further action is
required by the Company, the Board of Directors or the Company’s stockholders in connection herewith. This Amendment has been duly executed by the Company and, when delivered in accordance with the terms hereof, will constitute the valid and
binding obligation of the Company enforceable against the Company in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies. 

 Section 3 Amendments. 

 

	 	(a)	Section 3(f) shall be amended and restated in its entirety to read as follows: 

  

	 	(f)	“ Net Income Related Adjustment. For purposes of this Section 3(f) “Adjusted Net Income” means, for the applicable period, the net income (or net loss) of the Corporation and its
consolidated Subsidiaries, determined in accordance with GAAP, consistently applied, plus any deduction for warrant or option derivative liability set forth in the Corporation’s income statement for the applicable period. All determinations of
the components of Adjusted Net Income from the Corporation’s most recently filed Form 10-Q or Form 10-K, as applicable. In addition to any other adjustments hereunder, the Exercise Price shall be permanently and cumulatively reduced, and only
reduced, by the percentage by which the Corporation fails to meet the Adjusted Net Income amounts set forth below. 

 i) for
the nine month period ending September 30, 2012 (the “Third Quarter Milestone”) the Corporation shall have Adjusted Net Income of at least $15,000,000, each as reported in the Corporation’s Form 10-Q for the quarter ending on
September 30, 2012 as filed with the Commission. 
 Each such adjustment shall be effective as of the first day of the
following quarter (by way of example, if the Adjusted Net Income requirement is not met for the quarter ended September 30, 2012, the reduction is effective immediately on October 1, 2012). As to any exercises by a Holder that occurred
following the end of a quarter but prior to the date the Corporation’s periodic report was filed (“Interim Period”), the Corporation shall retroactively send such Holder additional Warrant Shares within 3 Trading Days of the date of
the applicable filing if an adjustment is required hereunder. The number of additional Warrant Shares issued shall be equal to the number of Warrant Shares receivable from such exercises based on the adjusted Exercise Price less any Warrant Shares
previously received on account of such conversions. Any subsequent restatements of the Corporation’s financials shall require similar retroactive issuances if the aforementioned events are subsequently deemed to have occurred. The Corporation
shall provide written notice to each Holder no later than 1 Business Day following the Corporation’s filing of the applicable periodic report with the Commission, indicating therein the new Exercise Price and the Adjusted Net Income. In the
event the Corporation fails to timely file a 10-Q for the period ending September 30, 2012, the Corporation shall be irrevocably deemed to have failed to meet the Third Quarter Milestone. In the event that there is an adjustment to the Exercise
Price pursuant to any other provision under this Section 3 during the Interim Period, the Exercise Price shall be the lower of the (i) the Exercise price as adjusted pursuant to the other provisions of this Section 3 and (ii) the
new Exercise Price as determined hereunder. Notwithstanding anything herein to the contrary (A) this Section 3(f) is effective December 30, 2012 and supersedes any contrary provisions that were in effect prior to such date, and
(B) the provisions of this Section 3(f) shall only have the effect of reducing the Exercise Price. By way of an example, if the number of Warrant Shares underlying this Warrant is 100, and the Exercise Price on September 29, 2012
is $1.00, and the Company shall report Adjusted Net Income of $10,000,000 for the nine month period ending September 30, 2012, the Exercise Price would be reduced to $0.66, pursuant to the terms of this Section 3(f).” 

Section 4 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Amendment
shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. 

Section 5 Effectiveness and Counterparts. The Amendment shall become effective when, and only when, the Company and the Holders
shall have executed and delivered this Amendment. This Amendment may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. 

Section 6 Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant. 

 Section 7 Prior Agreements. This Amendment and the other agreements contemplated
hereby constitute the entire agreement between the parties concerning the subject matter hereof and supersede any prior representations, understandings or agreements. There are no representations, warranties, agreements, conditions or covenants, of
any nature whatsoever (whether express or implied, written or oral) between the parties hereto with respect to such subject matter except as expressly set forth herein and in the other agreements contemplated hereby. 

Section 8 Severability. Wherever possible, each provision of this Amendment shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of
such provisions or the remaining provisions of this Amendment. 
 Section 9 Amendments. Any amendments or modifications must be
executed in writing by all parties hereto. 
 Section 10 No Further Effect. Except as explicitly modified by this Amendment and
the First Amendment to Warrants and the Second Amendment to Warrants, the Warrants shall remain in full force and effect in accordance with their terms.

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