Document:

Exhibit
4.1

 

FIRST AMENDMENT TO RIGHTS AGREEMENT

 

This First Amendment to Rights Agreement (this “Amendment”),
dated as of August 31, 2010, is by and between CF Industries Holdings, Inc.,
a Delaware corporation (the “Company”), and Mellon Investor Services LLC, a New
Jersey limited liability company, as successor to The Bank of New York, a New
York banking corporation (the “Rights Agent”).

 

W I T N E S S E T H

 

WHEREAS, the Company previously entered into a Rights Agreement,
dated as of July 21, 2005 (the “Rights Agreement”), with The Bank of New
York as Rights Agent;

 

WHEREAS, Mellon Investor Services LLC has become the successor
Rights Agent under the Rights Agreement pursuant to Section 19 of the
Rights Agreement;

 

WHEREAS, pursuant to Section 27 of the Rights Agreement, the
Company and the Rights Agent may supplement or amend the Rights Agreement from
time to time in accordance with the provisions of Section 27 thereof; and

 

WHEREAS, the Board of Directors of the Company has determined that
an amendment to the Rights Agreement as set forth herein is in the best
interest of the Company and its stockholders, and the Company and the Rights
Agent desire to evidence such amendment in writing.

 

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

 

Section 1. 
Amendment of Section 1 of Rights Agreement.   Paragraph (a) of Section 1 of the
Rights Agreement is amended by deleting such paragraph (a) in its entirety
and substituting a new paragraph (a) to read 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 15% or more of the
shares of Common Stock then outstanding, but shall not include (i) the
Company, (ii) any Subsidiary of the Company, (iii) any employee
benefit plan of the Company, or of any Subsidiary of the Company, or any Person
or entity organized, appointed or established by the Company for or pursuant to
the terms of any such plan, (iv) any Person who becomes the Beneficial
Owner of fifteen percent (15%) or more (or, in the case of a Person that is not
deemed to be an Acquiring Person as a result of the application of clause (v) of
this Paragraph (a), twenty percent (20.0%) or more) of the shares of Common
Stock then outstanding as a result of a reduction in the number of shares of
Common Stock outstanding due to the repurchase of shares of Common Stock by the
Company unless and until such Person, after becoming aware that such Person has
become the Beneficial Owner of fifteen percent (15%) or more (or, in the case
of a Person that is not deemed to be an Acquiring Person as a result of the
application of

 

 

clause (v) of this Paragraph (a), twenty
percent (20.0%) or more) of the then outstanding shares of Common Stock,
acquires beneficial ownership of additional shares of Common Stock representing
one percent (1%) or more of the shares of Common Stock then outstanding, or (v) any
such Person who has reported or is required to report such ownership (but less
than 20.0%) on Schedule 13G under the Exchange Act (or any comparable or
successor report) or on Schedule 13D under the Exchange Act (or any comparable
or successor report) which Schedule 13D does not state any intention to or
reserve the right to control or influence the management or policies of the
Company or engage in any of the actions specified in Item 4 of such schedule
(other than the disposition of the Common Stock); provided, however, that if
either (a) such Person referred to in this clause (v) becomes the
Beneficial Owner of additional shares of Common Stock such that such person is
the Beneficial Owner of twenty percent (20%) or more of the shares of Common
Stock then outstanding, or (b) such Person is the Beneficial Owner of
fifteen percent (15%) or more but less than twenty percent (20%) of the shares
of Common Stock then outstanding and reports or is required to report such
ownership of shares of Common Stock on Schedule 13D under the Exchange Act (or any
comparable or successor report) which Schedule 13D reports the intention to or
reserves the right to control or influence the management or policies of the
Company or engage in any of the actions specified in Item 4 of such schedule
(other than the disposition of the Common Stock), then such Person shall become
an Acquiring Person immediately.

 

Section 2. 
Amendment of Section 26 of the Rights Agreement.   Subsection (b) of Section 26 of
the Rights Agreement is amended by deleting the Rights Agent’s address in its
entirety and substituting it with the following new address for the Rights
Agent:

 

Mellon Investor Services LLC

200 W. Monroe Street

Suite 1590

Chicago, IL 60606

Attention: Georg Drake

 

With a copy to:

 

Mellon Investor Services LLC

Newport Office Center VII

480 Washington Boulevard

Jersey City, NJ 07310

Attention: Legal Department

 

Section 3. 
Amendment of Form of Summary of Rights.   The Form of Summary of Rights, attached
as Exhibit C to the Rights Agreement is amended and restated in its entirety
to read as provided in Exhibit C hereto.

 

Section 4. 
Continued Effectiveness.   The
parties hereto hereby acknowledge and agree that, except as specifically
amended hereby, the Rights Agreement shall remain in full force and effect in
accordance with its terms.

 

2

 

Section 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 shall remain in full force and effect and shall in no way be
affected, impaired or invalidated; provided, however, that notwithstanding
anything in this Amendment or the Rights Agreement to the contrary, if any such
term, provision, covenant or restriction is held by such court or authority to
be invalid, void or unenforceable and the Board of Directors of the Company
determines in its good faith judgment that severing the invalid language from
this Amendment would adversely affect the purpose or effect of the Rights
Agreement, the right of redemption set forth in Section 23 of the Rights
Agreement hereof shall be reinstated and shall not expire until the close of
business on the tenth Business Day following the date of such determination by
the Board of Directors.

 

Section 6. 
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; provided, however, that the rights, obligations and duties of the
Rights Agent shall be governed by and construed in accordance with the laws of
the State of New York.

 

Section 7. 
Execution in Counterparts.   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 one and the same instrument.

 

Section 8. 
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 hereof.

 

Section 9. 
Defined Terms.   Except as
otherwise expressly provided herein, or unless the context otherwise requires,
all capitalized terms used herein have the meanings assigned to them in the
Rights Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

3

 

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

 

 

	
   

  	
  CF INDUSTRIES HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Douglas C. Barnard

  
	
   

  	
   

  	
  Name:

  	
  Douglas C. Barnard

  
	
   

  	
   

  	
  Title:

  	
  Vice President, General Counsel, and Secretary

  

 

 

	
   

  	
  MELLON INVESTOR SERVICES LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Georg Drake

  
	
   

  	
   

  	
  Name:

  	
  Georg Drake

  
	
   

  	
   

  	
  Title:

  	
  Relationship Manager

  

 

 

Exhibit C

 

SUMMARY OF
RIGHTS TO PURCHASE

 

PREFERRED
STOCK

 

Effective July 21, 2005
(the “Effective Date”), the Board of Directors of CF Industries Holdings, Inc.
(the “Company”) authorized the issuance of one Right for each share of Common
Stock of the Company issued between the Effective Date and the Distribution
Date (as defined below). Each Right entitles the registered holder to purchase
from the Company a unit consisting of one one-thousandth of a share (a “Unit”)
of Series A Junior Participating Preferred Stock, par value $0.01 per share
(the “Series A Preferred Stock”) at a Purchase Price of $90.00 per Unit,
subject to adjustment. The description and terms of the Rights are set forth in
a Rights Agreement (as amended from time to time, the “Rights Agreement”)
between the Company and Mellon Investor Services LLC, as successor to The Bank
of New York, as Rights Agent.

 

Initially, the Rights will be
attached to all Common Stock certificates or, in the case of uncertificated
shares, the associated balance indicated in the book-entry account system of
the transfer agent for the Common Stock, representing shares then outstanding,
and no separate Rights Certificates will be distributed. Subject to certain
exceptions specified in the Rights Agreement, the Rights will separate from the
Common Stock and a Distribution Date will occur upon the earlier of (i) 10
business days following a public announcement that a person or group of
affiliated or associated persons (an “Acquiring Person”) has acquired
beneficial ownership of 15% or more (or, in the case of certain institutional
and other investors 20% or more) of the outstanding shares of Common Stock (the
“Stock Acquisition Date”), other than as a result of repurchases of stock by
the Company or (ii) 10 business days (or such later date as the Board shall
determine) following the commencement of a tender offer or exchange offer that
would result in a person or group becoming an Acquiring Person. Until the
Distribution Date, (i) the Rights will be evidenced by shares of Common
Stock and will be transferred with and only with such Common Stock, (ii) new
Common Stock certificates issued after the Effective Date will contain a
notation incorporating the Rights Agreement by reference and (iii) the
surrender for transfer of any certificates for Common Stock outstanding will
also constitute the transfer of the Rights associated with the Common Stock
represented by such certificate. Pursuant to the Rights Agreement, the Company
reserves the right to require prior to the occurrence of a Triggering Event (as
defined below) that, upon any exercise of Rights, a number of Rights be
exercised so that only whole shares of Preferred Stock will be issued.

 

The Rights are not exercisable
until the Distribution Date and will expire at 5:00 P.M. (New York City
time) on July 21, 2015, unless such date is extended or the Rights are
earlier redeemed or exchanged by the Company as described below.

 

As soon as practicable after
the Distribution Date, Rights Certificates will be mailed to holders of record
of the Common Stock as of the close of business on the Distribution 

 

 

Date and, thereafter, the
separate Rights Certificates alone will represent the Rights. Except as
otherwise determined by the Board of Directors, only shares of Common Stock
issued prior to the Distribution Date will be issued with Rights.

 

In the event that a Person
becomes an Acquiring Person, each holder of a Right will thereafter have the
right to receive, upon exercise, Common Stock (or, in certain circumstances,
cash, property or other securities of the Company) having a value equal to two
times the exercise price of the Right. Notwithstanding any of the foregoing,
after a Person becomes an Acquiring Person, all Rights that are, or (under
certain circumstances specified in the Rights Agreement) were, beneficially
owned by any Acquiring Person will be null and void. However, Rights are not
exercisable following the occurrence of the event set forth above until such
time as the Rights are no longer redeemable by the Company as set forth below.

 

In the event that, at any time
following the Stock Acquisition Date, (i) the Company engages in a merger
or other business combination transaction in which the Company is not the
surviving corporation, (ii) the Company engages in a merger or other
business combination transaction in which the Company is the surviving
corporation and the Common Stock of the Company is changed or exchanged, or (iii) 50%
or more of the Company’s assets, cash flow or earning power is sold or
transferred, each holder of a Right (except Rights which have previously been
voided as set forth above) shall thereafter have the right to receive, upon
exercise, common stock of the acquiring company having a value equal to two
times the exercise price of the Right. The events set forth in this paragraph
and in the second preceding paragraph are referred to as the “Triggering
Events.”

 

At any time after a person
becomes an Acquiring Person and prior to the acquisition by such person or
group of fifty percent (50%) or more of the outstanding Common Stock, the Board
may exchange the Rights (other than Rights owned by such person or group which
have become void), in whole or in part, at an exchange ratio of one share of
Common Stock, or one one-thousandth of a share of Preferred Stock (or of a
share of a class or series of the Company’s preferred stock having equivalent
rights, preferences and privileges), per Right (subject to adjustment).

 

The Purchase Price payable,
and the number of Units of Preferred Stock or other securities or property
issuable, upon exercise of the Rights are subject to adjustment from time to
time to prevent dilution (i) in the event of a stock dividend on, or a
subdivision, combination or reclassification of, the Preferred Stock, (ii) if
holders of the Preferred Stock are granted certain rights or warrants to
subscribe for Preferred Stock or convertible securities at less than the
current market price of the Preferred Stock, or (iii) upon the
distribution to holders of the Preferred Stock of evidences of indebtedness or
assets (excluding regular quarterly cash dividends) or of subscription rights
or warrants (other than those referred to above).

 

With certain exceptions, no
adjustment in the Purchase Price will be required until cumulative adjustments
amount to at least 1% of the Purchase Price. No fractional Units will be 

 

 

issued and, in lieu thereof,
an adjustment in cash will be made based on the market price of the Preferred
Stock on the last trading date prior to the date of exercise.

 

At any time until ten business
days following the Stock Acquisition Date, the Company may redeem the Rights in
whole, but not in part, at a price of $.001 per Right (payable in cash, Common
Stock or other consideration deemed appropriate by the Board of Directors).
Immediately upon the action of the Board of Directors ordering redemption of
the Rights, the Rights will terminate and the only right of the holders of
Rights will be to receive the $.001 redemption price.

 

Until a Right is exercised,
the holder thereof, as such, will have no rights as a stockholder of the
Company, including, without limitation, the right to vote or to receive
dividends. While the distribution of the Rights will not be taxable to
stockholders or to the Company, stockholders may, depending upon the
circumstances, recognize taxable income in the event that the Rights become
exercisable for Common Stock (or other consideration) of the Company or for
common stock of the acquiring company or in the event of the redemption of the
Rights as set forth above.

 

Any of the provisions of the
Rights Agreement may be amended by the Board of Directors of the Company prior
to the Distribution Date. After the Distribution Date, the provisions of the
Rights Agreement may be amended by the Board in order to cure any ambiguity, to
make changes which do not adversely affect the interests of holders of Rights,
or to shorten or lengthen any time period under the Rights Agreement. The
foregoing notwithstanding, no amendment may be made at such time as the Rights
are not redeemable.

 

A copy of the Rights Agreement
has been filed with the Securities and Exchange Commission as an Exhibit to
a Registration Statement on Form 8-A/Current Report on Form 8-K. A
copy of the Rights Agreement is available free of charge from the Rights Agent.
This summary description of the Rights does not purport to be complete and is
qualified in its entirety by reference to the Rights Agreement, which is
incorporated herein by reference.ex101.htm

cMoney, Inc.

(Company Name and Address)

UNANIMOUS WRITTEN CONSEDNT OF DIRECTORS

OF

cMoney, Inc.

IN LIEU OF MEETING OF THE BOARD OF DIRECTORS OF

cMoney, Inc.

(Company Name)

 

Pursuant to the Authority granted to directors to take action by unamous consent without a meeting pursuant to the articles of organization of cMoney, inc. the Board of Directors ("Directors") of cMoney. Inc. a Nevada Corporation (the "Company"), do hereby consent to, adopt, ratify, confirm and approve, as of the date indicated below, the following recitals and resolutions, as evidenced by their signatures hereunder:

 

WHEREAS, the Directors believe it is in the best interest of the corporation that effective immediately, William Watson and Dave Johnson are hereby terminated for cause and cause is defined as improper notification to the Board of Directors as as to their actual intent as it relates to communications as to factual statements regarding the operations of the company and conspiring defraud the directors of the company.

 

NOW, THEREFORE, BE IT RESOLVED that the Board is notifying William Watson, CEO, and Dave Johnson and the SEC that this action was confirmed by the Board of Directors of cMoney, Inc., effective immediately this September 2, 2010.

 

GENERAL RESOLUTION 

 

IN WITNESS WHEREOF, The undersigned have set forth their hands in his capacity as of this 2nd day of September, 2010.

 

/s/ Larry Wilson, Chairman

 

/s/ Melvin Tekell, Director

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