Document:

exv4w1

 

Exhibit
4.1

AMENDMENT TO RIGHTS AGREEMENT

          This AMENDMENT (“Amendment”) is made and entered into as of the 8th day of February,
2007 by and between Laidlaw International, Inc., a Delaware corporation (the “Company”),
and Wells Fargo Bank, National Association, as successor by consolidation to Wells Fargo Bank
Minnesota, National Association, as rights agent (the “Rights Agent”).

W I T N E S S E T H

          WHEREAS, the Company and the Rights Agent are parties to the Rights Agreement, dated as of
June 23, 2003 (the “Rights Agreement”);

          WHEREAS, it is proposed that the Company enter into an Agreement and Plan of Merger (the
“Merger Agreement”) by and among the Company, FirstGroup plc, a public limited company
organized under the laws of Scotland (“Parent”), and Fern Acquisition Corporation, a
Delaware corporation and wholly owned subsidiary of Parent (“Sub”), pursuant to which,
among other things, Sub will merge with and into the Company (the “Merger”);

          WHEREAS, the Board of Directors of the Company has approved the Merger Agreement and the
Merger;

          WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to the time at which the Rights
cease to be redeemable pursuant to Section 23 of the Rights Agreement, subject to certain
limitations, the Company may in its sole and absolute discretion, and the Rights Agent shall, if
the Company so directs, supplement or amend the Rights Agreement without the approval of any
holders of Rights or Common Shares;

          WHEREAS, in accordance with Section 27 of the Rights Agreement, an officer of the Company has
delivered a certificate as to the compliance of this Amendment with the terms of Section 27 of the
Rights Agreement;

          WHEREAS, the Board of Directors of the Company has determined that an amendment to the Rights
Agreement as set forth herein is necessary and desirable in connection with the foregoing; and

          WHEREAS, capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Rights Agreement.

          NOW, THEREFORE, in consideration of the premises and agreements set forth herein and in the
Rights Agreement, the parties hereto, intending to be legally bound, agree as follows:

          Section 1. Defined Terms. Section 1 of the Rights Agreement is hereby amended to add
thereto the following paragraphs (gg), (hh), (ii) and (jj) which provide as follows:

 

 

“(gg) “Merger” shall mean the merger of Sub with and into the Company pursuant to
the terms of the Merger Agreement.

(hh) “Merger Agreement” shall mean that certain Agreement and Plan of Merger, dated
as of February 8, 2007, by and among the Company, Parent and Sub, as it may be
amended from time to time.

(ii) “Parent” shall mean FirstGroup plc, a public limited company incorporated
under the laws of Scotland.

(jj) “Sub” shall mean Fern Acquisition Corporation, a Delaware corporation and
wholly owned subsidiary of Parent.

          Section 2. Amendment to Definition of Acquiring Person. The definition of “Acquiring
Person” set forth in Section 1(a) of the Rights Agreement is hereby amended and supplemented by
adding the following sentence to the end thereof:

“Notwithstanding anything in this Agreement to the contrary, neither Parent nor any
of its existing or future Affiliates or Associates shall be deemed to be an
Acquiring Person solely by virtue of (i) the approval, execution or delivery of the
Merger Agreement, (ii) the public or other announcement of the Merger Agreement or
the transactions contemplated thereby, (iii) the consummation of the Merger or (iv)
the consummation of any other transaction contemplated by the Merger Agreement.”

          Section 3. Amendment to Definition of Expiration Date. Section 1(m) of the Rights
Agreement is amended by deleting the word “and” immediately preceding clause (iii) and adding the
following at the end of clause (iii):

“and (iv) immediately prior to the effective time of the Merger.”

          Section 4. Termination of Merger Agreement. If for any reason the Merger Agreement is
terminated, then this Amendment shall be of no further force and effect and the Rights Agreement
shall remain exactly the same as it existed immediately prior to the effectiveness of this
Amendment. If for any reason the Merger Agreement is terminated, the Company shall notify the
Rights Agent in accordance with Section 21 of the Rights Agreement.

          Section 5. Effectiveness. This Amendment shall be deemed effective as of, and
immediately prior to, the execution and delivery of the Merger Agreement. Except as amended by
this Amendment, the Rights Agreement shall remain in full force and effect and shall be otherwise
unaffected by this Amendment.

          Section 6. Severability. If any provision of this Amendment, or the application of
such provision to any person or circumstance, shall be held by a court of competent jurisdiction or
other authority to be invalid, illegal or unenforceable, the remainder of the provisions of this
Amendment shall remain in full force and effect and shall in no way be affected, impaired or
invalidated.

2

 

          Section 7. Counterparts. This Amendment may be executed in any number of
counterparts, and each of such counterparts shall for all purposes be deemed an original, but all
such counterparts shall together constitute but one and the same instrument.

          Section 8. Governing Law. 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 made and to be performed entirely
within such state.

          Section 9. Waiver of Notice. The Company and the Rights Agent hereby waive any notice
requirement under the Rights Agreement pertaining to the matters covered by this Amendment.

          Section 10. Descriptive Headings. Descriptive headings of the several sections of
this Amendment are inserted for convenience only and shall not control or affect the meaning or
construction of any of the provisions of this Amendment.

[Signature Page Follows]

3

 

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

	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	 	 	LAIDLAW INTERNATIONAL, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	  /s/ Richard J. Parker
	 	 
	 	By:
	 	  /s/ Beth Byster Corvino
	 

	 	 
	 	 	 	 	 	 
	Name:

	 	  Richard J. Parker
	 	 	 	Name:
	 	  Beth Byster Corvino
	Title:

	 	  Assistant General Counsel and
	 	 	 	Title:
	 	  Executive Vice President, General
	 

	 	  Assistant Secretary
	 	 	 	 	 	  Counsel and Secretary
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Countersigned:
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	WELLS FARGO BANK, NATIONAL
	 	 	 	 	 	 	ASSOCIATION, as Rights Agent
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	  /s/ Jane Y. Schweiger
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	  Jane Y. Schweiger
	 

	 	 	 	 	 	Title:
	 	  Vice Presidentexv4w01

 

Exhibit 4.1

LASALLE BANK NATIONAL ASSOCIATION,

TRANSFER AGENT

AND REGISTRAR

(Chicago, Illinois)

     THE TERMS AND CONDITIONS OF THE RIGHTS OFFERING ARE SET FORTH IN THE COMPANY’S PROSPECTUS,
DATED                     , 2007 (THE “PROSPECTUS”), AND ARE INCORPORATED HEREIN BY REFERENCE. COPIES OF THE
PROSPECTUS ARE AVAILABLE UPON REQUEST FROM LASALLE BANK NATIONAL ASSOCIATION AS SUBSCRIPTION AGENT.

LIME ENERGY CO.

(formerly known as Electric City Corp.)

Incorporated under the laws of the State of Delaware

SUBSCRIPTION CERTIFICATE

Evidencing Non-Transferable Rights to Purchase Shares of Common Stock

Subscription Price: $1.00 per Share

VOID IF NOT EXERCISED ON OR BEFORE THE EXPIRATION DATE (AS DEFINED IN THE PROSPECTUS)

REGISTERED OWNER: [Name, Address & Number of Rights]

SPECIMEN

THIS CERTIFIES THAT the
registered owner whose
name is inscribed hereon
is the owner of the
number of Rights set
forth above, each of
which entitles the owner
to subscribe for and
purchase one share of
common stock, $.0001 par
value per share, of Lime
Energy Co., a Delaware
corporation, on the
terms and subject to the
conditions set forth in
the Prospectus and
instructions relating
hereto on the reverse
side hereof and in the
instructions as to the
use of this certificate
included in this
mailing. The
non-transferable Rights
(as defined in the
Prospectus) represented
by this Subscription
Certificate may be
exercised by duly
completing Section 1 on
the reverse side
hereof and by returning the full payment of the
subscription price for each share of common
stock as described on the reverse side hereof.
Special delivery instructions may be specified
by completing Section 2 on the reverse side
hereof. THE RIGHTS EVIDENCED BY THIS
SUBSCRIPTION CERTIFICATE ARE NOT TRANSFERABLE
AND MAY NOT BE EXERCISED UNLESS THE REVERSE
SIDE HEREOF IS COMPLETED AND SIGNED WITH A
SIGNATURE GUARANTEE, IF APPLICABLE.

Dated:

	 	 	 
	 

	 	 
	Chief Executive Officer

	 	Chief Financial Officer, Treasurer & Secretary

 

 

DELIVERY OPTIONS FOR SUBSCRIPTION CERTIFICATE

	 	 	 
	By Mail or by Overnight Courier:
	 	By Hand:
	 	 	 
	LaSalle Bank National Association
	 	LaSalle Bank National Association
	135 S. LaSalle Street, Suite 1811
	 	135 S. LaSalle Street, Suite 1811
	Chicago, Illinois 60603
	 	Chicago, Illinois 60603
	Telephone: (800) 246-5761, Menu Option 2
	 	Telephone: (312) 904-5091
	Facsimile: (312) 904-2079
	 	Facsimile: (312) 904-2079
	Attention: Corporate Trust
	 	Attention: Corporate Trust

Delivery to an address other than the address listed above will not constitute valid delivery. Delivery by facsimile will not constitute valid delivery.

PLEASE PRINT ALL INFORMATION CLEARLY AND LEGIBLY.

SECTION 1

IF YOU WISH TO SUBSCRIBE FOR YOUR FULL BASIC SUBSCRIPTION
PRIVILEGE OR A PORTION THEREOF:

BASIC SUBSCRIPTION PRIVILEGE:

I apply
for                                          shares at $1.00 each = $                       
                 

                    (no. of new shares)      (subscription price)      (amount enclosed)

OVER-SUBSCRIPTION PRIVILEGE:

IF YOU HAVE SUBSCRIBED FOR YOUR BASIC SUBSCRIPTION PRIVILEGE AND
WISH TO PURCHASE ADDITIONAL SHARES PURSUANT TO THE
OVER-SUBSCRIPTION PRIVILEGE:

I apply for
                                         shares at $1.00 each = $                                   
     

                    (no. of new shares)      (subscription price)      (amount enclosed)

Total Amount of Check Enclosed = $                                                                                

Checks or bank drafts drawn on a U.S. bank, or postal telegraphic
or express money orders should be made payable to LaSalle Bank
National Association, as Subscription Agent.

TO SUBSCRIBE: I acknowledge that I have received the Prospectus
for this offer and I hereby irrevocably subscribe for the number
of shares indicated above on the terms and conditions specified in
the Prospectus. I hereby agree that if I fail to pay for the
shares of Common Stock for which I have subscribed, Lime Energy
Co. may exercise its legal remedies against me.

 

Signature(s) of Subscriber(s)

IMPORTANT: THE SIGNATURE(S) MUST CORRESPOND IN EVERY PARTICULAR,
WITHOUT ALTERATION, WITH THE
NAME(S) AS PRINTED ON THE REVERSE OF
THIS SUBSCRIPTION CERTIFICATE.

If signature is by trustee(s), executor(s), administrator(s),
guardian(s), attorney(s)-in-fact, agent(s), officer(s) of a
corporation or another acting in a fiduciary or representative
capacity, please provide the following information (please print).
See the instructions.

	 	 	 
	Name(s):
	 	 
	 

	 	 

	 	 	 
	Capacity (Full Title):
	 	 
	 

	 	 

	 	 	 
	Taxpayer ID # or
	 	 
	Social Security #:
	 	 
	 

	 	 

 SECTION 2

SPECIAL ISSUANCE OR DELIVERY INSTRUCTIONS FOR
SUBSCRIPTION RIGHTS HOLDERS:

(a) To be completed ONLY if the certificate
representing the Common Stock is to be issued in a
name other than that of the registered holder.
(See the Instructions.) DO NOT FORGET TO COMPLETE
THE GUARANTEE OF SIGNATURE(S) SECTION BELOW.

ISSUE COMMON STOCK TO:

 

(Please Print Name)

 

 

(Print Full Address)

 

 

(Social Security # or Tax ID #)

(b) To be completed ONLY if the certificate
representing the Common Stock is to be sent to an
address other than that shown on the front of this
certificate. (See the Instructions.) DO NOT FORGET
TO COMPLETE THE GUARANTEE OF SIGNATURE(S) SECTION
BELOW.

 

(Please Print Name)

 

 

(Print Full Address)

 

 

(Social Security # or Tax ID #

GUARANTEE OF SIGNATURE(S)

YOU MUST HAVE YOUR SIGNATURE GUARANTEED IF YOU
WISH TO HAVE YOUR SHARES DELIVERED TO AN ADDRESS
OTHER THAN YOUR OWN OR TO A SHAREHOLDER OTHER THAN
THE REGISTERED HOLDER.

Your signature must be guaranteed by an Eligible
Guarantor Institution, as defined in Rule 17Ad-15
of the Securities Exchange Act of 1934, as
amended. These generally include (a) a commercial
bank or trust company, (b) a member firm of a
domestic stock exchange, or (c) a credit union.

	 	 	 
	Signature:
	 	 
	 

	 	 
	 

	 	(Signature of Officer)

	 	 	 
	By:
	 	 
	 

	 	 
	 

	 	(Name of Bank or Firm)

FULL PAYMENT FOR THE SHARES MUST ACCOMPANY THIS FORM AND MUST BE MADE IN UNITED STATES DOLLARS BY
CHECK OR BANK DRAFT DRAWN UPON A UNITED STATES BANK OR POSTAL, TELEGRAPHIC OR EXPRESS MONEY ORDER
PAYABLE TO “LASALLE BANK NATIONAL ASSOCIATION, AS SUBSCRIPTION AGENT.”

STOCK CERTIFICATES FOR THE SHARES SUBSCRIBED TO PURSUANT TO THE RIGHTS OFFERING WILL BE DELIVERED
AS SOON AS PRACTICABLE AFTER THE EXPIRATION DATE. ANY REFUND IN CONNECTION WITH YOUR SUBSCRIPTION
WILL BE DELIVERED AS SOON AS PRACTICABLE THEREAFTER.

FOR INSTRUCTIONS ON THE USE OF LIME ENERGY CO. SUBSCRIPTION CERTIFICATES, CONSULT JOSEPH PELLICORE
OF LASALLE BANK NATIONAL ASSOCIATION, (312) 904-5091, OR YOUR BANK OR BROKER WITH QUESTIONS.

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