Document:

exv4w1

 

    Exhibit 4.1

 

    FIRST
    AMENDMENT

    TO

    RENEWED RIGHTS AGREEMENT

 

    This First Amendment to Renewed Rights Agreement (the
    “Amendment”) is entered into as of July 15, 2010,
    by and between LSB Corporation (the “Company”), and
    Computershare Trust Company, N.A. as Rights Agent
    (“Rights Agent”).

 

    WITNESSETH:

 

    WHEREAS, the Company and Rights Agent are parties to that
    certain Renewed Rights Agreement, dated as of November 17,
    2005 (the “Rights Agreement”)

 

    WHEREAS, all capitalized terms used herein and not otherwise
    defined shall have the meaning ascribed to them in the Rights
    Agreement;

 

    WHEREAS, pursuant to Section 27 of the Rights Agreement,
    the Company may prior to the Distribution Date supplement or
    amend the Rights Agreement without the approval of any holders
    of certificates representing shares of common stock of the
    Company; and

 

    WHEREAS, the Company now desires to amend the Rights Agreement
    as set forth in this Amendment, and pursuant to Section 27
    of the Rights Agreement, the Company hereby directs that the
    Rights Agreement should be amended as set forth in this
    Amendment.

 

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

 

    1. Amendments to Section 1.

 

    (a) Section 1 of the Rights Agreement is hereby
    amended by adding the following definitions:

 

    (mm) “Merger” shall have the meaning set
    forth in the Merger Agreement.

 

    (nn) “Merger Agreement” shall mean the
    Agreement and Plan of Merger, dated as of July 15, 2010, by
    and among the Buyer, Buyer Bank, Merger Sub, the Company and
    Company Bank, as may be amended from time to time.

 

    (oo) “Voting Agreements” shall mean the
    Voting Agreements, each dated as of July 15, 2010 by and
    between certain holders of one or more shares of Company common
    stock on the one hand and Buyer on the other hand.

 

    (pp) “Buyer” shall mean People’s
    United Financial, Inc., a Delaware corporation.

 

    (qq) “Buyer Bank” shall mean People’s
    United Bank, a federally-chartered stock savings bank and wholly
    owned subsidiary of Buyer.

 

    (rr) “Merger Sub” shall mean Bridgeport
    Merger Corporation, a Massachusetts Corporation and wholly owned
    subsidiary of Buyer.

 

    (ss) “Company Bank” shall mean River Bank,
    a Massachusetts-chartered savings bank and wholly owned
    subsidiary of the Company.

 

    (b) The definition of “Acquiring Person” in
    Section 1(a) of the Rights Agreement is hereby amended by
    inserting the following sentence at the end thereof:

 

    “Notwithstanding the foregoing or any other provision of
    this Agreement to the contrary, none of (i) the execution
    and delivery of the Merger Agreement, (ii) the execution
    and delivery of the Voting Agreements, (iii) the
    consummation of the Merger and (iv) the consummation of the
    other transactions contemplated in the

 

    Merger Agreement and the Voting Agreements shall be deemed to
    result in Buyer, Buyer Bank or Merger Sub becoming an Acquiring
    Person.”

 

    (c) The definition of “Stock Acquisition Date” in
    Section 1(gg) of the Rights Agreement is hereby amended by
    inserting the following sentence at the end thereof:

 

    “Notwithstanding the foregoing or any other provision of
    this Agreement to the contrary, none of (i) the execution
    and delivery of the Merger Agreement, (ii) the execution
    and delivery of the Voting Agreements, (iii) the
    consummation of the Merger and (iv) the consummation of the
    other transactions contemplated in the Merger Agreement and the
    Voting Agreements shall be deemed to result in a Stock
    Acquisition Date.”

 

    2. Amendment to
    Section 3(a).  Section 3(a) of the
    Rights Agreement is hereby amended to add the following sentence
    at the end thereof:

 

    “Notwithstanding anything in this Agreement to the
    contrary, none of (i) the execution and delivery of the
    Merger Agreement, (ii) the execution and delivery of the
    Voting Agreement, (iii) the consummation of the Merger and
    (iv) the consummation of the other transactions
    contemplated in the Merger Agreement and the Voting Agreements
    shall be deemed to result in a Distribution Date.”

 

    3. Amendment to
    Section 7(a).  Section 7(a) of the
    Rights Agreement is hereby amended and restated to read in its
    entirety as follows:

 

    ‘‘(a) Subject to Section 7(e) hereof, at any time
    after the Distribution Date, the registered holder of any Rights
    Certificate may exercise the Rights evidenced thereby (except as
    otherwise provided herein including, without limitation, the
    restrictions on exercisability set forth in Section 9(c),
    Section 11(a)(iii) and Section 23 hereof) in whole or
    in part upon surrender of the Rights Certificate, with the form
    of election to purchase and the certificate on the reverse side
    thereof duly executed, to the Rights Agent at the principal
    office or offices of the Rights Agent designated for such
    purpose, together with payment of the aggregate Purchase Price
    for the total number of one one-thousandths of a share (or other
    securities, cash or other assets, as the case may be) as to
    which such surrendered Rights are then exercisable, at or prior
    to the earlier of (i) 5:00 P.M., Boston time, on
    December 18, 2016, or such later date as may be established
    by the Board prior to the expiration of the Rights (such date,
    as it may be extended by the Board, the “Final Expiration
    Date”), (ii) the time at which the Rights are redeemed
    or exchanged as provided in Section 23 and Section 24
    hereof, and (iii) immediately prior to the Effective Time
    (as defined in the Merger Agreement) (the earlier of (i), (ii),
    or (iii) being herein referred to as the “Expiration
    Date”). Notwithstanding anything to the contrary in this
    Agreement, none of (i) the execution and delivery of the
    Merger Agreement, (ii) the execution and delivery of the
    Voting Agreement, (iii) the consummation of the Merger and
    (iv) the consummation of the other transactions
    contemplated in the Merger Agreement and the Voting Agreements
    shall be deemed to be an event that causes the Rights to become
    exercisable under the provisions of this Section 7 or
    otherwise.”

 

    4. Amendment to
    Section 11.  Section 11(a)(ii) of
    the Rights Agreement is hereby amended by adding the following
    sentence at the end thereof:

 

    “Notwithstanding anything in this Agreement to the
    contrary, (i) the execution and delivery of the Merger
    Agreement, (ii) the execution and delivery of the Voting
    Agreement, (iii) the consummation of the Merger and
    (iv) the consummation of the other transactions
    contemplated in the Merger Agreement and the Voting Agreements
    shall not be deemed to be a Section 11(a)(ii) Event and shall
    not cause the Rights to be adjusted or exercisable in accordance
    with, or any other action to be taken or obligation to arise
    pursuant to, this Section 11(a)(ii).”

 

    5. Amendment to
    Section 13.  Section 13 of the
    Rights Agreement is hereby amended by adding the following
    sentence at the end thereof:

 

    “Notwithstanding anything in this Agreement to the
    contrary, (i) the execution and delivery of the Merger
    Agreement, (ii) the execution and delivery of the Voting
    Agreement, (iii) the consummation of the Merger and
    (iv) the consummation of the other transactions
    contemplated in the Merger Agreement and the Voting Agreements
    shall not be deemed to be a Section 13 Event and shall not
    cause the Rights to be adjusted or

    

    2

 

    exercisable in accordance with, or any other action to be taken
    or obligation to arise pursuant to, this Section 13 or
    otherwise subject to any restrictions contained in this
    Section 13.”

 

    6. Amendment to
    Section 30.  Section 30 of the
    Rights Agreement is hereby amended by adding the following
    sentence at the end thereof:

 

    “Notwithstanding anything in this Agreement to the
    contrary, nothing in this Agreement shall be construed to give
    any registered holder of the Rights Certificates (and prior to
    any Distribution Date, registered holders of the Common Stock)
    any legal or equitable rights, remedy or claim under this
    Agreement in connection with (i) the execution and delivery
    of the Merger Agreement, (ii) the execution and delivery of
    the Voting Agreements, (iii) the consummation of the Merger
    or (iv) the consummation of the other transactions
    contemplated in the Merger Agreement and the Voting
    Agreements.”

 

    7. New Section 35.  The Rights
    Agreement is hereby amended to add the following as a new
    Section 35:

 

    “Section 35. Termination. Notwithstanding anything
    herein to the contrary, immediately prior to the Effective Time
    (as defined in the Merger Agreement), but only if the Effective
    Time shall occur, (a) this Agreement shall be terminated
    and be without further force and effect, (b) none of the
    parties to this Agreement will have any rights, obligations or
    liabilities hereunder and (c) the holders of the Rights
    shall not be entitled to any benefits, rights or other interests
    under this Agreement; provided, however, that notwithstanding
    the foregoing, Sections 18 and 20 hereof shall survive the
    termination of this Agreement. The Company shall inform the
    Rights Agent of the occurrence of the Effective Time promptly
    thereafter.”

 

    8. Effectiveness.  This Amendment
    shall be deemed effective as of, and immediately prior to, the
    execution and delivery of the Merger Agreement, except that if
    the Merger Agreement is not executed and delivered by each of
    the parties thereto, this Amendment shall terminate and be void
    ab initio. The Company shall inform the Rights Agent of
    the occurrence of the execution and delivery of the Merger
    Agreement promptly thereafter. Except as expressly set forth
    herein, this Amendment shall not by implication or otherwise
    alter, modify, amend or in any way affect any of the terms,
    conditions, obligations, covenants or agreements contained in
    the Rights Agreement, all of which are ratified and affirmed in
    all respects and shall continue in full force and effect and
    shall be otherwise unaffected.

 

    9. Governing Law.  This Amendment
    shall be deemed to be a contract made under the laws of the
    Commonwealth of Massachusetts and for all purposes shall be
    governed by and construed in accordance with the laws of such
    Commonwealth applicable to contracts to be made and performed
    entirely within such Commonwealth.

 

    10. Counterparts; Electronic
    Delivery.  This Amendment may be executed in
    any number of counterparts, each of which shall for all purposes
    be deemed an original, and all of which together shall
    constitute but one and the same instrument. Signatures delivered
    electronically, including by facsimile or by electronic data
    file, shall have the same authority, effect and enforceability
    as original signatures.

 

    *remainder
    of page has intentionally been left blank*

    

    3

 

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

 

	 	 	 
	
 
	
 
	
    LSB CORPORATION

	
 
	
 
	
 

	

    Attest: /s/  Cynthia
    J. Milne

    

	
 
	

    By: /s/  Diane
    L. Walker

    

	
 
	
 
	
 

	

    Name: Cynthia J. Milne

	
 
	
    Name: Diane L. Walker

	

    Title: Secretary

	
 
	

    Title: Executive Vice President, Treasurer and

    Chief Financial Officer

	
 
	
 
	
 

	
 
	
 
	
    COMPUTERSHARE TRUST COMPANY, N.A.

	
 
	
 
	
 

	

    Attest: /s/  Suzanne
    S. O’Brien

    

	
 
	

    By: /s/  Dennis
    V. Moccia

    

	

    Name: : Suzanne S. O’Brien

	
 
	
    Name: Dennis V. Moccia

	

    Title: Corporate Counsel

	
 
	

    Title: Manager, Contract Administration

    

    4exv10w1

STOCK TRANSFER AGREEMENT

     This Stock Transfer Agreement (this “Agreement”) is made and entered into as of March 5,
2010, (the “Effective Date”) by and among William T. Comfort, III (“Purchaser”) and Texas
Addison Limited Partnership (the “Seller”).

     1. SALE AND PURCHASE OF SHARES. On the Effective Date and subject to the terms and
conditions of this Agreement, Seller hereby sells to Purchaser, and Purchaser hereby purchases
from Seller an aggregate of one million five hundred thousand (1,500,000) shares of the Common
Stock of Lyris, Inc., a Delaware corporation, (collectively, the “Shares”), at a price of $0.33
per share, for an aggregate purchase price of four hundred ninety-five thousand dollars
($495,000) (the “Purchase Price”),

     2. CLOSING.

          2.1 Deliveries by Seller. Seller hereby delivers to the transfer agent for the Company’s
shares: (a) any share certificates representing the Shares and (b) a Stock Power and Assignment
Separate from Stock Certificate, in substantially the form attached hereto as Exhibit A (a
“Stock Power”). Seller hereby delivers to the Purchaser an executed copy of this Agreement.

          2.2 Deliveries by Purchaser. Purchaser hereby delivers to the Seller (a) an
executed copy of this Agreement and (b) the Purchase Price of the Shares by means of wire
transfer or official bank check made payable to Seller.

          2.3 Deliveries of Stock Certificate. Seller hereby instructs the transfer agent for
the Company’s shares to: (a) cancel any stock certificate issued to Seller representing the
Shares; (b) issue a duly executed stock certificate evidencing the Shares in Purchaser’s name;
and (c) issue a duly executed stock certificate evidencing the number of shares remaining after
the transfer to Purchaser, if any, in Seller’s name.

     3. REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser represents and
warrants to Seller as follows.

          3.1 Status. Purchaser has full legal right, power and authority to enter into and
perform his obligations under this Agreement and to purchase the Shares under this Agreement.

          3.2 No Conflicts. Purchaser’s execution and delivery of this Agreement does not, and
performance of the transactions contemplated hereby will not: (a) violate, conflict with or
result in the violation or breach of, or constitute a default under, the terms, conditions or
provisions of any agreement, document or instrument to which Purchaser is a party or by which
Purchaser is bound, or (b) violate any order, writ, judgment, injunction, decree, statute, rule
or regulation of any court or federal, state or local administrative agency or commission or any
governmental authority or instrumentality applicable to Purchaser.

1

 

          3.3 Binding Agreement. This Agreement is a legal, valid and binding agreement of
Purchaser enforceable against him in accordance with its terms, except as enforcement may be
limited by bankruptcy, insolvency, moratorium or other similar laws relating to creditors’ rights
generally and except that the availability of equitable remedies, including specific performance,
is subject to the discretion of the court before which any proceeding therefor may be brought.

     4. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and warrants to
Purchaser as follows.

          4.1 Status. Seller is duly organized, validly existing and is in good standing under
the laws of its jurisdiction of organization. Seller has full legal right, power and authority to
enter into and perform its obligations under this Agreement and to transfer the Shares under this
Agreement.

          4.2 No Conflicts. Seller’s execution and delivery of this Agreement does not, and
performance of the transactions contemplated hereby will not: (a) violate, conflict with or result
in the violation or breach of, or constitute a default under, the terms, conditions or provisions
of any agreement, document or instrument to which Seller is a party or by which Seller is bound, or
(b) violate any order, writ, judgment, injunction, decree, statute, rule or regulation of any court
or federal, state or local administrative agency or commission or any governmental authority or
instrumentality applicable to Seller.

          4.3 Binding Agreement. This Agreement is a legal, valid and binding agreement of Seller
enforceable against it in accordance with its terms, except as enforcement may be limited by
bankruptcy, insolvency, moratorium or other similar laws relating to creditors’ rights generally
and except that the availability of equitable remedies, including specific performance, is subject
to the discretion of the court before which any proceeding therefor may be brought.

          4.4 Title to Shares. Seller owns, of record and beneficially, all of the Shares,
free and clear of all liens, claims, encumbrances and security interests of any nature whatsoever.
Upon purchase of the Shares pursuant to this Agreement, Purchaser shall receive good and marketable
title to the Shares, free and clear of all liens, claims, encumbrances and security interests of
any nature whatsoever.

          4.5 Transfer for Own Account. Seller is selling the Shares not with a view to, or for
sale in connection with, a distribution of the Shares within the meaning of the 1933 Act. No
portion of the Purchase Price will be received indirectly by the Company.

          4.6 No General Solicitation. At no time has Seller presented Purchaser with or
solicited Purchaser through any publicly issued or circulated newspaper, mail, radio, television or
other form of general advertisement or solicitation in connection with the transfer of the Shares.

          4.7 Consents. All consents, approvals, authorizations and orders required for the
execution and delivery of this Agreement and the transfer of the Shares under this Agreement have
been obtained and are in full force and effect.

2

 

     5. COMPLIANCE WITH LAWS AND REGULATIONS. The sale and transfer of the Shares will be
subject to and conditioned upon compliance by Purchaser with all applicable state and federal laws
and regulations and with all applicable requirements of any stock exchange or automated quotation
system on which the Company’s Common Stock may be listed or quoted at the time of such issuance or
transfer.

     6. GENERAL PROVISIONS.

          6.1 Saccessors and Assigns; Assignment. Except as otherwise provided in this
Agreement, this Agreement, and the rights and obligations of the parties hereunder, will be binding
upon and inure to the benefit of their respective successors, assigns, heirs, executors,
administrators and legal representatives. No other party to this Agreement may assign, whether
voluntarily or by operation of law, any of its rights and obligations under this Agreement.

          8.2 Governing Law. This Agreement will be governed by and construed in accordance with
the laws of the State of Delaware, without giving effect to that body of laws pertaining to
conflict of laws.

          8.3 Notices. Any and all notices required or permitted to be given to a party pursuant
to the provisions of this Agreement will be in writing and will be effective and deemed to provide
such party sufficient notice under this Agreement on the earliest of the following: (a) at the time
of personal delivery, if delivery is in person; (b) one (1) business day after deposit with an
express overnight courier for United States deliveries, or two (2) business days after such deposit
for deliveries outside of the United States; or (c) three (3) business days after deposit in the
United States mail by certified mail (return receipt requested) for United States deliveries. All
notices for delivery outside the United States will be sent by express courier. All notices not
delivered personally will be sent with postage and/or other charges prepaid and properly addressed
to the party to be notified at the address set forth below the signature lines of this Agreement or
at such other address as such other party may designate by one of the indicated means of notice
herein to the other party hereto, A “business day” shall be a day, other than Saturday or Sunday,
when the banks in the city of Wilmington, Delaware are open fox business.

          8.4 Further Assurances. The parties agree to execute such further documents
and instruments and to take such further actions as may be reasonably necessary to carry out the
purposes and intent of this Agreement.

          8.5 Titles and Headings. The titles, captions and headings of this Agreement are
included for ease of reference only and will be disregarded in interpreting or construing this
Agreement. Unless otherwise specifically stated, all references herein to “sections” and
“exhibits” will mean “sections” and “exhibits” to this Agreement.

          8.6 Entire Agreement. This Agreement and the documents referred to herein constitute
the entire agreement and understanding of the parties with respect to the subject matter of this
Agreement, and supersede all prior understandings and agreements, whether oral or written, between
or among the parties hereto with respect to the specific subject matter hereof.

          8.7 Severability. If any provision of this Agreement is determined by any court or
arbitrator of competent jurisdiction to be invalid, illegal or unenforceable in any respect,

3

 

such provision will be enforced to the maximum extent possible given the intent of the parties
hereto. If such clause or provision cannot be so enforced, such provision shall be stricken from
this Agreement and the remainder of this Agreement shall be enforced as if such invalid, illegal or
unenforceable clause or provision had (to the extent not enforceable) never been contained in this
Agreement, Notwithstanding the forgoing, if the value of this Agreement based upon the substantial
benefit of the bargain for any party is materially impaired, which determination as made by the
presiding court or arbitrator of competent jurisdiction shall be binding, then both parties agree
to substitute such provision(s) through good faith negotiations.

          8.8 Amendment and Waivers. This Agreement may be amended only by a written agreement
executed by each of the parties hereto. No amendment of or waiver of, or modification of any
obligation under this Agreement will be enforceable unless set forth in a writing signed by the
party against which enforcement is sought. Any amendment effected in accordance with this section
will be binding upon all parties hereto and each of their respective successors and assigns. No
delay or failure to require performance of any provision of this Agreement shall constitute a
waiver of that provision as to that or any other instance. No waiver granted under this Agreement
as to any one provision herein shall constitute a subsequent waiver of such provision or of any
other provision herein, nor shall it constitute the waiver of any performance other than the
actual performance specifically waived.

          8.9 Counterparts; Facsimile Signatures. This Agreement may be executed in any number
of counterparts, each of which when so executed and delivered will be deemed an original, and all
of which together shall constitute one and the same agreement. This Agreement may be executed and
delivered by facsimile and upon such delivery the facsimile signature will be deemed to have the
same effect as if the original signature had been delivered to the other party.

[Signature page follows]

4

 

     IN WITNESS WHEREOF, the Company has caused this Stock Transfer Agreement to be executed by its
duly authorized representative and Seller and Purchaser have each executed this Stock Transfer
Agreement, as of the Effective Date.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	SELLER:

Texas Addison Limited Partnership	 	 	 	PURCHASER:

William T. Comfort, III
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By: Texas Barrington LLC, its General Partner 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ David Burt
 

	 	 
	 	By:
	 	/s/ William T. Comfort
 

	 	 	 	 	 	 
	 

	 	Its: President
	 	 	 	 	 	Address: Apartment 2	 	 	 	 	 	 
	 

	 	Address: 714 Hawkshead Road
	 	 	 	 	 	21 Manresa Road	 	 	 	 	 	 
	 

	 	Timonium MD 21093
	 	 	 	 	 	Chelsea, London SW3 6LZ 	 	 	 	 	 	 

Attachment:

Exhibit A — Seller’s Stock Power

5

 

EXHIBIT A

SELLER’S STOCK POWER AND ASSIGNMENT SEPARATE FROM CERTIFICATE

1

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