Document:

Exhibit 4.1

 

SECOND SUPPLEMENTAL INDENTURE

 

THIS SECOND SUPPLEMENTAL
INDENTURE dated as of July 24, 2015 is by and among Wilmington Trust Company, a Delaware trust company, as trustee (herein, together
with its successors in interest, the “Trustee”), Wintrust Financial Corporation, an Illinois corporation (“Wintrust”),
and Community Financial Shares, Inc., a Maryland corporation (the “Company”), under the Indenture referred to
below.

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged
by the parties hereto, the Trustee, Wintrust and the Company hereby agree as follows:

 

PRELIMINARY STATEMENTS

 

The Trustee and the
Company, as successor to Community Financial Shares, Inc., a Delaware corporation, are parties to that certain Indenture dated
as of June 21, 2007, as supplemented by the First Supplemental Indenture dated as of June 25, 2013 (the “Indenture”),
pursuant to which the Company issued U.S. $3,609,000 of its Floating Rate Junior Subordinated Deferrable Interest Debentures due
2037 (the “Debentures”).

 

As permitted by the
terms of the Indenture, pursuant to an Agreement and Plan of Merger, dated as of March 2, 2015 (the “Merger Agreement”),
by and among Wintrust, the Company, Wintrust Merger Sub LLC, an Illinois limited liability company and wholly owned subsidiary
of Wintrust (“Merger Sub”), simultaneously with the effectiveness of this Second Supplemental Indenture, the
Company shall merge (referred to herein for purposes of Article XI of the Indenture as the “Merger”) with and
into Merger Sub, with Merger Sub surviving the Merger as the surviving entity. The parties hereto are entering into this Second
Supplemental Indenture pursuant to, and in accordance with, Articles IX and XI of the Indenture.

 

SECTION 1. Definitions.
All capitalized terms used herein that are defined in the Indenture, either directly or by reference therein, shall have the respective
meanings assigned them in the Indenture except as otherwise provided herein or unless the context otherwise requires.

 

SECTION 2. Interpretation.

 

		(a)	In this Second Supplemental Indenture, unless a clear contrary intention appears:

 

		(i)	the singular number includes the plural number and vice versa;

 

		(ii)	reference to any gender includes the other gender;

 

		(iii)	the words “herein,” “hereof” and “hereunder” and other words
of similar import refer to this Second Supplemental Indenture as a whole and not to any particular Section or other subdivision;

 

    	 

    	 

    

 

		(iv)	reference to any Person includes such Person’s successors and assigns but, if applicable, only if
such successors and assigns are permitted by this Second Supplemental Indenture or the Indenture, and reference to a Person in
a particular capacity excludes such Person in any other capacity or individually provided that nothing in this clause (iv) is intended
to authorize any assignment not otherwise permitted by this Second Supplemental Indenture or the Indenture;

 

		(v)	reference to any agreement, document or instrument means such agreement, document or instrument
as amended, supplemented or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the
terms hereof, as well as any substitution or replacement therefor and reference to any note includes modifications thereof and
any note issued in extension or renewal thereof or in substitution or replacement therefor;

 

		(vi)	reference to any Section means such Section of this Second Supplemental Indenture; and

 

		(vii)	the word “including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding such term.

 

		(b)	No provision in this Second Supplemental Indenture shall be interpreted or construed against any
Person because that Person or its legal representative drafted such provision.

 

SECTION 3. Assumption
of Obligations.

 

		(a)	Pursuant to, and in compliance and accordance with, Section 11.1 and Section 11.2 of the Indenture,
Wintrust hereby expressly assumes the due and punctual payment of the principal of and premium, if any, and interest on all of
the Debentures in accordance with their terms, according to their tenor, and the due and punctual performance and observance of
all of the covenants and conditions of the Indenture to be kept, performed, or observed by the Company under the Indenture.

 

		(b)	Pursuant to, and in compliance and accordance with, Section 11.2 of the Indenture, Wintrust succeeds
to and is substituted for the Company, with the same effect as if Wintrust had originally been named in the Indenture as the Company.

 

		(c)	Wintrust also succeeds to and is substituted for the Company with the same effect as if Wintrust
had originally been named in (i) the Amended and Restated Declaration of Trust of the Trust, dated as of June 21, 2007 (the “Trust
Agreement”), as Sponsor (as defined in the Trust Agreement) and (ii) the Guarantee Agreement, dated as of June 21, 2007
(the “Guarantee”), as Guarantor (as defined in the Guarantee).

 

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SECTION 4. Representations
and Warranties. Wintrust represents and warrants that (a) it has all necessary power and authority to execute and deliver
this Second Supplemental Indenture and to perform the Indenture, (b) it is the successor of the Company pursuant to the Merger
effected in accordance with applicable law, (c) it is a corporation organized and existing under the laws of Illinois, (d) both
immediately before and after giving effect to the Merger and this Second Supplemental Indenture, no Default or Event of Default,
and no event which, after notice or lapse of time or both, would become an Event of Default, has occurred and is continuing and
(e) this Second Supplemental Indenture is executed and delivered pursuant to Section 9.1(a) and Article XI of the Indenture and
does not require the consent of the Securityholders.

 

SECTION 5. Conditions
of Effectiveness. This Second Supplemental Indenture shall become effective simultaneously with the effectiveness of the
Merger, provided, however, that:

 

		(a)	the Trustee shall have executed a counterpart of this Second Supplemental Indenture and shall have
received one or more counterparts of this Second Supplemental Indenture executed by Wintrust and the Company;

 

		(b)	the Trustee shall have received an Officers’ Certificate stating that (i) this Second Supplemental
Indenture complies with the requirements of Article IX and Article XI of the Indenture; and (ii) in the opinion of the signers,
all conditions precedent, if any, provided for in the Indenture relating to the Merger and this Second Supplemental Indenture have
been complied with;

 

		(c)	the Trustee shall have received an Opinion of Counsel to the effect that (i) all conditions precedent
provided for in the Indenture relating to the Merger and this Second Supplemental Indenture have been complied with; (ii) this
Second Supplemental Indenture complies with the requirements of Article IX of the Indenture and is authorized or permitted by,
and conforms to, the terms of Article IX of the Indenture; (iii) it is proper for the Trustee, under the provisions of Article
IX of the Indenture, to join in the execution of this Second Supplemental Indenture; and (iv) the Merger and the assumption by
Wintrust under this Second Supplemental Indenture comply with the provisions of Article XI of the Indenture; and

 

		(d)	Wintrust and the Company shall have duly executed and filed with the Secretary
of State of the State of Illinois and with the State Department of Assessments and Taxation of Maryland a Certificate of Merger
in connection with the Merger.

 

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SECTION 6. Reference
to the Indenture.

 

		(a)	Upon the effectiveness of this Second Supplemental Indenture, each reference in the Indenture to
“this Indenture,” “hereunder,” “herein” or words of like import shall mean and be a reference
to the Indenture, as affected, amended and supplemented hereby.

 

		(b)	Upon the effectiveness of this Second Supplemental Indenture, each reference in the Debentures
to the Indenture including each term defined by reference to the Indenture shall mean and be a reference to the Indenture or such
term, as the case may be, as affected, amended and supplemented hereby.

 

		(c)	The Indenture, as amended and supplemented hereby shall remain in full force and effect and is
hereby ratified and confirmed.

 

SECTION 7. Execution
in Counterparts. This Second Supplemental Indenture may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which
when taken together shall constitute but one and the same instrument.

 

SECTION 8. Governing
Law; Binding Effect. This Second Supplemental Indenture shall be governed by and construed in accordance with the laws
of the State of New York and shall be binding upon the parties hereto and their respective successors and assigns.

 

SECTION 9. The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency
of this Second Supplemental Indenture or the due execution thereof by the Company or Wintrust. The recitals of fact contained herein
shall be taken as the statements solely of the Company or Wintrust, and the Trustee assumes no responsibility for the correctness
thereof.

 

SECTION 10. Addresses
of Wintrust and the Trustee. For all purposes of the Indenture, the Trust Agreement, the Guarantee, the Debentures and
related documents, the addresses of Wintrust and the Trustee (which Trustee address shall also be the same for Wilmington Trust
Company, in its capacities as Institutional Trustee and Delaware Trustee (each as defined in the Trust Agreement)) henceforth shall
be as follows or as may be hereafter designated by Wintrust or the Trustee, respectively, in writing:

 

Wintrust:

 

Wintrust Financial
Corporation

9700 W. Higgins Road,
Suite 800

Rosemont, Illinois
60018

Attention:            General
Counsel

 

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The Trustee:

 

Wilmington Trust Company

Rodney Square North

1100 North Market Street

Wilmington, DE 19890

Attention: Corporate
Trust Administration

 

[Signatures on following page]

 

 

 

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

 

 

	 	Community Financial Shares, Inc.
	 	 	 	 
	 	By:     	/s/ Donald H. Wilson
	 	 	Name:  	Donald H. Wilson
	 	 	Title:   	Chairman, President and Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	WINTRUST FINANCIAL CORPORATION
	 	 	 	 
	 	By:	/s/ David A. Dykstra
	 	 	Name:	David A. Dykstra
	 	 	Title:    	Senior Executive Vice President and Chief  Operating Officer
	 	 	 	 
	 	 	 	 
	 	WILMINGTON TRUST COMPANY, not in its individual capacity, but solely as Trustee
	 	 	 	 
	 	By:	/s/ Michael H. Wass
	 	 	Name:	Michael H. Wass
	 	 	Title:	Assistant Vice President

 

    	6SONS-EX 10.1 Amendment to 2007 Plan

Exhibit 10.1
AMENDMENT TO 
SONUS NETWORKS, INC. 
2007 STOCK INCENTIVE PLAN, AS AMENDED
WHEREAS, subject to approval by the stockholders of Sonus Networks, Inc. (the “Company”), the Company desires to amend the Sonus Networks, Inc. 2007 Stock Incentive Plan, as amended (the “2007 Plan”), in the manner set forth below (the “Amendment”).
NOW THEREFORE, in accordance with Section 11(d) of the 2007 Plan, the 2007 Plan is hereby amended as follows: 
 
	
			
	 
	1.
	Section 4(a) of the 2007 Plan is hereby amended by deleting the first sentence of the first paragraph thereof in its entirety and substituting the following in lieu thereof:

“Subject to adjustment under Section 9, the aggregate number of shares of common stock, $0.001 par value per share, of the Company (the “Common Stock”) reserved for Awards under the Plan is equal to 15,676,713, which amount includes the 1,096,173 shares of Common Stock (i) previously reserved for issuance under the Company’s 2008 Stock Incentive Plan and the Company’s 2012 Amended Performance Technologies, Incorporated Omnibus Incentive Plan (the “Acquired Plans”) that remained available for grant under the Acquired Plans as of December 2, 2014 and (ii) subject to awards granted under the Acquired Plans, which awards expire, terminate or are otherwise surrendered, cancelled, forfeited or repurchased by the Company at their original issuance price pursuant to a contractual repurchase right (subject, however, in the case of Incentive Stock Options to any limitations of the Code).” 

	
			
	 
	2.
	Section 4(b) of the 2007 Plan is hereby deleted in its entirety and replaced with the following:

“(b) Share Count.  Shares issued pursuant to Awards of Restricted Stock or Restricted Stock Units or Other Stock Unit Awards will count against the shares of Common Stock available for issuance under the Plan as 1.61 shares for every one (1) share issued in connection with the Award. Shares issued pursuant to the exercise of Options will count against the shares available for issuance under the Plan as one (1) share for every one (1) share to which such exercise relates. The total number of shares subject to SARs that are settled in shares shall be counted in full against the number of shares available for issuance under the Plan, regardless of the number of shares actually issued upon settlement of the SARs. If Awards are settled in cash, the shares that would have been delivered had there been no cash settlement shall not be counted against the shares available for issuance under the Plan. If any Award expires or is terminated, surrendered or canceled without having been fully exercised, is forfeited in whole or in part (including as the result of shares of Common Stock subject to such Award being repurchased by the Company at the original issuance price pursuant to a contractual repurchase right), then the shares of Common Stock covered by such Award shall again become available for the grant of Awards under the Plan; provided that any one (1) share issued as Restricted Stock or subject to a Restricted Stock Unit Award or Other Stock Unit Award that is forfeited or terminated shall be credited as 1.61 shares when determining the number of shares that shall again become available for Awards under the Plan. Shares that are exchanged by a Participant or withheld by the Company as full or partial payment in connection with any Award under the Plan, as well as any shares exchanged by a Participant or withheld by the Company to satisfy the tax withholding obligations related to any Award, shall not be available for subsequent Awards under the Plan. In the case of Incentive Stock Options (as hereinafter defined), the foregoing provisions shall be subject to any limitations under the Code. Shares of common 

stock issued pursuant to full value awards count against the shares of common stock available for issuance hereunder as 1.61 shares for every one share issued in connection with such award; however, the shares subject to awards that were outstanding (i) as of June 11, 2015 (but not as of December 2, 2014) and that expire, terminate, are cancelled or otherwise result in shares not being issued and become available for future grant hereunder would return hereunder at a ratio of 1.57 for every share awarded, and (ii) as of December 2, 2014 and that expire, terminate, are cancelled or otherwise result in shares not being issued and become available for future grant hereunder would return hereunder at a ratio of 1.5 for every share awarded.”

	
			
	 
	3.
	Section 10(f) of the 2007 Plan is hereby amended to add the following at the beginning of such Section:

“Subject to Section 10(h),”

	
			
	 
	4.
	Section 10(h) of the 2007 Plan is hereby deleted in its entirety and replaced with the following:

“(h) Acceleration.  The Board may, at any time, provide that any Award shall become immediately exercisable in full or in part, free from some or all of the restrictions or conditions applicable to such Award or otherwise realizable in full or in part, as the case may be, including, without limitation, (A) upon the death or disability of the Participant or (B) in connection with an Acquisition.” 

	
			
	 
	5.
	A new Section 10(j) shall be added to the 2007 Plan, as follows:

“(j) Limitations on Vesting.  Subject to Section 10(h) and notwithstanding anything to the contrary in the Plan, no Award shall vest earlier than the first anniversary of its date of grant.  The foregoing sentence shall not apply to an aggregate of up to 5% of the maximum number of authorized shares set forth in Section 4(a).”  

	
			
	 
	6.
	The Amendment shall be effective upon approval of the stockholders of the Company at the Company’s 2015 annual meeting of stockholders and shall only be applicable with respect to Awards granted after such approval. If the Amendment is not so approved at such meeting, then the amendments to the 2007 Plan set forth herein shall be void ab initio. 

	 
	7.
	Except as herein above provided, the 2007 Plan is hereby ratified, confirmed and approved in all respects.

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