Document:

EX-4.1

Exhibit 4.1

AMENDMENT TO SECOND AMENDED AND RESTATED RIGHTS AGREEMENT

AMENDMENT TO SECOND AMENDED AND RESTATED RIGHTS AGREEMENT (this “Amendment”), executed as a
Deed Poll, dated as of September 2, 2011, to the Second Amended and Restated Rights Agreement,
dated as of September 8, 2009 (the “Rights Agreement”), by and among Cooper Industries plc, a
company incorporated in Ireland under registered number 471954 (the “Company”), Cooper Industries,
Ltd., a Bermuda company (“Cooper Bermuda”), and Computershare Trust Company, N.A., as Rights Agent
(the “Rights Agent”). Terms used herein but not defined shall have the meaning assigned to them in
the Rights Agreement.

WHEREAS, the Company, Cooper Bermuda and the Rights Agent have heretofore executed and entered
into the Rights Agreement; and

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

WHEREAS, the Board of Directors of the Company has determined that it is in the best interest
of the Company and its shareholders to amend the Rights Agreement to provide that any “Person” that
is a “Qualified Institutional Investor” (as defined herein) will not be deemed an “Acquiring
Person.”

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth,
the Company and the Rights Agent hereby amend the Rights Agreement as follows:

1. Section 1 of the Rights Agreement is hereby amended to include the following new
definition in the appropriate alphabetical position, with the subsequent definitions being
appropriately re-lettered and cross-references thereto being appropriately revised:

(k) “Qualified Institutional Investor” shall mean, as of any time of determination, a
Person that is described in Rule 13d-1(b)(1) promulgated under the Exchange Act (as such
Rule is in effect on the date hereof) and is eligible to report (and, if such Person is the
Beneficial Owner of greater than 5% of the Ordinary Shares of the Company, does in fact
report) beneficial ownership of Ordinary Shares of the Company on Schedule 13G, and such
Person (i) is not required to file a Schedule 13D (or any successor or comparable report)
with respect to its beneficial ownership of Ordinary Shares of the Company, (ii) shall be
the Beneficial Owner of less than 15% of the Ordinary Shares of the Company then outstanding
(including in such calculation the holdings of all of such Person’s Affiliates and
Associates other than those which, under published interpretations of the SEC or its Staff,
are eligible to file separate reports on Schedule 13G with respect to their beneficial
ownership of the Ordinary Shares of the Company) and (iii) shall be the Beneficial Owner of
less than 18% of the Ordinary Shares of the Company then outstanding.

2. Section 1(a) of the Rights Agreement is hereby modified, amended and restated in its
entirety 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 Ordinary
Shares then outstanding, but shall not include (i) the Company, any Subsidiary of the
Company, 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, (ii) any Person who becomes an Acquiring Person solely as a
result of a reduction in the number of Ordinary Shares outstanding due to the repurchase of
Ordinary Shares by the Company, unless and until such Person shall purchase or otherwise
become the Beneficial Owner of additional Ordinary Shares constituting 1% or more of the
then outstanding Ordinary Shares or (iii) a Qualified Institutional Investor.

1

3. Exhibit B to the Rights Agreement, being the form of Rights Certificate, is hereby
modified and amended by inserting in the first paragraph following the words “dated as of September
8, 2009” the words “, as amended as of September 2, 2011”.

4. This Amendment shall be deemed to be a contract made under the laws of Ireland and for all
purposes shall be governed by and construed in accordance with the laws of Ireland; provided,
however, that all provisions regarding the rights, duties and obligations of the Rights Agent shall
be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts
applicable to contracts made and to be performed entirely within such Commonwealth.

5. Except as specifically amended by this Agreement, all other terms and conditions of the
Rights Agreement shall remain in full force and effect and are hereby ratified and confirmed.

6. 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. A signature to this Amendment transmitted
electronically shall have the same authority, effect and enforceability as an original signature.

2

IN WITNESS WHEREOF, this Deed Poll has been executed and delivered as a Deed on the day and
year first before written.

Given under the

Common Seal of COOPER INDUSTRIES PLC

By

/s/ Kirk S. Hachigian

Director

/s/ Terrance V. Helz

Secretary

Signed

by

a duly authorized representative of

COMPUTERSHARE TRUST COMPANY, N.A.

/s/ Dennis V. Moccia

Manager, Contract Administration

3mine_ex101.htm

 

Exhibit 10.1

 

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment to Employment Agreement (the "Agreement") is entered into as of the 28th day of August, 2011 as an amendment to the original Employment Agreement dated December 16, 2010 between Sam J Messina III ("Employee") and Minerco Resources, Inc., a Nevada Corporation, it’s affiliates, predecessors and subsidiaries (the "Company”).

 

WHEREAS, Employee and the Company desire to enter into this Amendment Agreement setting forth the terms and conditions for the employment relationship of Employee with the Company during the Employment Term (as defined below).  This agreement shall amend the Employment Agreement dated August 28, 2010 between Employee and Company.

 

NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties to this Amendment Agreement hereby agree to Amend the sections as follows:

 

2.           Compensation.

 

As compensation and consideration for the Services provided by Employee during the Term pursuant to this Agreement, the Company agrees to pay to Employee the compensation set forth below.

 

2.1           Fixed Annual Compensation. The Company shall pay to Employee salary ("Fixed Annual Compensation") at the rate beginning on August 28, 2011 and continuing for the term of this agreement as follows:

 

2.1.1           150,000.00 per annum at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

 

2.1.2           If annual revenues exceed $10,000,000.00, 300,000.00 per annum at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

 

2.1.3           If annual revenues exceed $20,000,000.00, 450,000.00 per annum at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.

 

   2.2           Stock. The Company shall grant to Employee Seventy Million (70,000,000) shares of the Company’s common stock and Five Million (5,000,000) shares of its Class A Preferred Stock upon the effective date of this agreement.  The stock shall be fully paid, non-assessable and shall contain other customary rights and privileges, including piggy back registration rights.

 

2.2.1           If Employee voluntarily terminates his employment with the Company or if a petition for Chapter 7 Bankruptcy is filed by the Company resulting in an adjudication of bankruptcy within 12 months of the date of this agreement, all shares granted under this section shall be returned to the Company.

 

Page 1 of 3 Mineco_Messina Employment Agreement.doc

  

  

  

 

2.2.2           If Employee voluntarily terminates his employment with the Company or if a petition for Chapter 7 Bankruptcy is filed by the Company resulting in an adjudication of bankruptcy within 24 months of the date of this agreement, Fifty-Six Million (56,000,000) shares of common stock and Four Million (4,000,000) shares of Class A Preferred granted under this section shall be returned to the Company.

 

2.2.3           If Employee voluntarily terminates his employment with the Company or if a petition for Chapter 7 Bankruptcy is filed by the Company resulting in an adjudication of bankruptcy within 36 months of the date of this agreement, Forty-Two Million (42,000,000) shares of common stock and Three Million (3,000,000) shares of Class A Preferred granted under this section shall be returned to the Company.

 

2.2.4           If Employee voluntarily terminates his employment with the Company or if a petition for Chapter 7 Bankruptcy is filed by the Company resulting in an adjudication of bankruptcy within 48 months of the date of this agreement, Twenty-Eight Million (28,000,000) shares of common stock and Two Million (2,000,000) shares of Class A Preferred granted under this section shall be returned to the Company.

 

6.5.           Termination in Case of Death. In case of Employee's death, any and all unvested stock or options granted to Employee under Section 2.2 of this Agreement shall vest in favor of Employee's estate as provided for in this Section(s) 6.51, 6.5.2, 6.5.3, and 6.5.4 herein. Company shall also continue any health benefits for family for one year.

6.5.1           If the Employee's death occurs within 12 months of the date of this agreement, Fourteen Million (14,000,000) shares of common stock and One Million (1,000,000) Shares of Class A Preferred granted under Section 2.2 shall immediately vest in favor of Employee's estate and Fifty-Six Million (56,000,000) shares of common stock and Four Million (4,000,000) shares of Class A Preferred shall be returned to the Company;

6.5.2           If the Employee's death occurs within 24 months of the date of this agreement, Twenty-Eight Million (28,000,000) shares of common stock and Two Million (2,000,000) shares of Class A Preferred granted under Section 2.2 shall immediately vest in favor of Employee's estate and Forty-Two Million (42,000,000) shares of common stock and Three Million (3,000,000) shares of Class A Preferred shall be returned to the Company;

6.5.3           If the Employee's death occurs within 36 months of the date of this agreement, Forty-Two Million (42,000,000) shares of common stock and Three Million (3,000,000) shares of Class A Preferred granted under Section 2.2 shall immediately vest in favor of Employee's estate and Twenty-Eight Million (28,000,000) shares of common stock and Two Million (2,000,000) shares of Class A Preferred shall be returned to the Company;

 

Page 2 of 3 Mineco_Messina Employment Agreement.doc

  

  

  

6.5.4           If the Employee's death occurs within 48 months of the date of this agreement, Fifty-Six Million (56,000,000) shares of common stock and Four Million (4,000,000) shares of Class A Preferred granted under Section 2.2 shall immediately vest in favor of Employee's estate and Fourteen Million (14,000,000) shares of common stock and One Million (1,000,000) shares of Class A Preferred shall be returned to the Company;

6.5.5           Any unvested additional shares granted for past performance under Sections 2.3 and 3.3 shall immediately vest in favor of Employee’s estate.

The Company:

 

Minerco Resources, Inc.

22503 Katy Highway #18

Katy, TX 77450

 

Employee:

 

Sam J Messina III

9268 E. Dreyfus Place

 

 

 

IN WITNESS WHEREOF, the parties have executed this Amendment Agreement as of the date first above written.

 

Minerco Resources, Inc., a Nevada Corporation

 

	By:	 	 
	 	V. Scott Vanis, President, Director	 
	 	 	 

 

 

Employee

 

 

	By:		 
	 	Sam J Messina III, an Individual	 
	 	 	 

 

     

Page 3 of 3 Mineco_Messina Employment Agreement.doc

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