Document:

exhibit42.htm

                                                                                          
       Exhibit 4.2

    
 

    (Subscription
      Agent - FINAL)

     

    SUBSCRIPTION
      AGENT
      AGREEMENT

     

    This
      Subscription Agent Agreement (the
“Agreement”) is made as of  October 2, 2007 between Keystone
      Consolidated Industries, Inc., a Delaware corporation (the “Company”),
      Computershare Inc., a Delaware corporation and its fully owned subsidiary
      Computershare Trust Company, N.A., a national banking (collectively, the “Agent”
or individually
      “Computershare” and the “Trust Company”, respectively).  All
      terms not defined herein shall have the meaning given in the prospectus (the
      “Prospectus”) included in the Registration Statement on Form S-3, File No.
      333-146454, filed by the Company with the U.S. Securities and Exchange
      Commission on October 2, 2007, as amended by any amendment filed with respect
      thereto (the “Registration Statement”), or in the Instructions as to Use of
      Subscription Rights Certificates appearing as an exhibit thereto (the
“Instructions”).

     

    WHEREAS,
      the Company proposes
      to make a subscription rights offer by issuing certificates or other evidences
      of subscription rights, in the form designated by the Company (the “Subscription
      Rights Certificates”) to stockholders of record (the “Stockholders”) of its
      common stock, par value $0.01 per share (“Common Stock”), as of a record date
      specified by the Company (the “Record Date”), pursuant to which each Stockholder
      will have certain rights (the “Subscription Rights”) to subscribe for shares of
      Common Stock, as described in and upon such terms as are set forth in the
      Prospectus, a final copy of which has been or, upon availability will promptly
      be, delivered to the Agent; and

     

    WHEREAS,
      the Company wishes
      the Agent to perform certain acts on behalf of the Company, and the Agent is
      willing to so act, in connection with the distribution of the Subscription
      Rights Certificates and the issuance and exercise of the Subscription Rights
      to
      subscribe therein set forth, all upon the terms and conditions set forth
      herein.

     

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

     

    1.           
      Appointment.

     

    The
      Company hereby appoints the Agent
      to act as subscription agent in connection with the distribution of Subscription
      Rights Certificates and the issuance and exercise of the Subscription Rights
      in
      accordance with the terms set forth in this Agreement, and the Agent hereby
      accepts such appointment.

     

    2.           
      Form and Execution
      of
      Subscription Rights Certificates.

     

    A.  Each
      Subscription Rights
      Certificate shall be non-transferable.  The Agent shall, in its
      capacity as Transfer Agent of the Company, maintain a register of Subscription
      Rights Certificates and the holders of record thereof (each of whom shall be
      deemed a “Stockholder” hereunder for purposes of determining the rights of
      holders of Subscription Rights Certificates).  Each Subscription
      Rights Certificate shall, subject to the provisions thereof, entitle the
      Stockholder in whose name it is recorded to the following:

     

    (1)  With
      respect to Record Date Stockholders only, the right to acquire prior to the
      Expiration Date (as hereinafter defined), at the Subscription Price, a number
      of
      shares of Common Stock equal to one share of Common Stock for every one
      Subscription Right (the “Basic Subscription Right”); and

     

    (2)  With
      respect to Record Date Stockholders only, the right to subscribe for additional
      shares of Common Stock, subject to the availability of such shares and to the
      allotment of such shares as may be available among Record Date Stockholders
      who
      exercise Oversubscription Rights on the basis specified in the Prospectus;
      provided, however, that such Record Date Stockholder has exercised all Basic
      Subscription Rights issued to him or her (the “Oversubscription
      Right”).

     

    3.           
      Subscription Rights
      and Issuance of Subscription Rights Certificates.

     

    A.  Each
      Subscription Rights
      Certificate shall evidence the Subscription Rights of the Stockholder therein
      named to purchase Common Stock upon the terms and conditions therein and herein
      set forth.

     

    B.  Upon
      the written advice
      of the Company, signed by any of its duly authorized officers, as to the Record
      Date, the Agent shall, from a list of the Company Stockholders as of the Record
      Date to be prepared by the Agent in its capacity as Transfer Agent of the
      Company, prepare and record Subscription Rights Certificates in the names of
      the
      Stockholders, setting forth the number of Subscription Rights to subscribe
      for
      the Common Stock calculated on the basis of 0.25 of a Subscription Right for
      each one share of Common Stock recorded on the books in the name of each such
      Stockholder as of the Record Date.  The number of Subscription Rights
      that are issued to Record Date Stockholders will be rounded by the Agent, to
      the
      nearest whole number (as fractional Subscription Rights will not be issued),
      and
      with such adjustments as the
      Company may determine in its sole discretion as are necessary to ensure that
      the
      Company offers 2,500,000 shares of Common Stock pursuant to the Subscription
      Rights.  In the unlikely event that, because of the rounding of
      fractional Subscription Rights, the Subscription Rights offering would have
      been
      subscribed in an amount in excess of 2,500,000 shares of Common Stock, all
      holders’ Subscription Rights will be reduced in an equitable manner as the
      Company may determine in its sole discretion.  Each
      Subscription Rights Certificate shall be dated as of the Record Date and shall
      be executed manually or by facsimile signature of a duly authorized officer
      of
      the Company.  Upon the written advice, signed as aforesaid, as to the
      effective date of the Registration Statement, the Agent shall promptly deliver
      the Subscription Rights Certificates, together with a copy of the Prospectus,
      the Instructions and any other document as the Company deems necessary or
      appropriate, to all Stockholders with record addresses in the United States
      (including its territories and possessions and the District of
      Columbia).  Delivery shall be by first class mail (without
      registration or insurance), except for those Stockholders having a registered
      address outside the United States (who will only receive copies of the
      Prospectus, the Instructions and other documents as the Company deems necessary
      or appropriate, if any).  Delivery shall be by air mail (without
      registration or insurance) and by first class mail (without registration or
      insurance) to those Stockholders having APO or FPO addresses.  No
      Subscription Rights Certificate shall be valid for any purpose unless so
      executed.

     

    C.  The
      Agent will mail a
      copy of the Prospectus, the Instructions, a special notice and other documents
      as the Company deems necessary or appropriate, if any, but not Subscription
      Rights Certificates to Record Date Stockholders whose record addresses are
      outside the United States (including its territories and possessions and the
      District of Columbia) (“Foreign Record Date Stockholders”).  The
      Subscription Rights to which such Subscription Rights Certificates relate will
      be held by the Agent for such Foreign Record Date Stockholders’ accounts until
      instructions are received to exercise the Subscription Rights.

     

    4.           
      Exercise.

     

    A.  Record
      Date Stockholders
      may acquire shares of Common Stock pursuant to the Basic Subscription Right
      and
      pursuant to the Oversubscription Right by delivery to the Agent as specified
      in
      the Prospectus of (i) the Subscription Rights Certificate with respect thereto,
      duly executed by such Stockholder in accordance with and as provided by the
      terms and conditions of the Subscription Rights Certificate and the
      Instructions, together with (ii) the Subscription Price for each share of Common
      Stock subscribed for by exercise of such Subscription Rights, in U.S. dollars
      by
      money order or check drawn on a bank in the United States, in each case payable
      to the order of Computershare, or by wire transfer of funds as specified in
      the
      Prospectus and the Instructions.

     

    B.  Subscription
      Rights may
      be exercised at any time after the date of issuance of the Subscription Rights
      Certificates with respect thereto but no later than 5:00 P.M., Eastern Time,
      on
      such date as the Company shall designate to the Agent in writing (the
“Expiration Date”).  For the purpose of determining the time of the
      exercise of any Subscription Rights, delivery of any material to the Agent
      shall
      be deemed to occur when such materials are received at the Stockholder Services
      Division of the Agent specified in the Prospectus and the
      Instructions.

     

    C.  Notwithstanding
      the
      provisions of Section 4 (A) and 4 (B) regarding delivery of an executed
      Subscription Rights Certificate to the Agent prior to 5:00 P.M., Eastern Time,
      on the Expiration Date, if prior to such time the Agent receives (i) payment
      of
      the full Subscription Price for the shares of Common Stock subscribed for
      pursuant to the Basic Subscription Right and any additional shares of Common
      Stock subscribed for pursuant to the Oversubscription Right in the manner
      described in the Prospectus and the Instructions; and (ii) a Notice of
      Guaranteed Delivery by facsimile (telecopy) or as otherwise described in the
      Prospectus and the Instructions from a bank, a trust company or a New York
      Stock
      Exchange member guaranteeing delivery of a properly completed and executed
      Subscription Rights Certificate, then such exercise of Basic Subscription Rights
      and Oversubscription Rights shall be regarded as timely, subject, however,
      to
      receipt of the duly executed Subscription Rights Certificate by the Agent within
      three Business Days after the Expiration Date.  For the purposes of
      the Prospectus and this Agreement, “Business Day” shall mean any day on which
      trading is conducted on the New York Stock Exchange.

     

    D.  As
      soon as practicable
      after the Expiration Date and after all allocations have been effected,
      Computershare shall send to each exercising stockholder (or, if shares of Common
      Stock on the Record Date are held by Cede & Co. or any other depository or
      nominee, to Cede & Co. or such other depository or nominee) a confirmation
      showing the number of shares of Common Stock acquired pursuant to the Basic
      Subscription Right, and, if applicable, the Oversubscription Right, the per
      share and total Subscription Price for such shares, and any excess to be
      refunded by the Company to such stockholder in the form of a check and stub,
      along with a letter explaining the allocation of shares of Common Stock pursuant
      to the Oversubscription Right.

     

    E.  Any
      excess payment to be
      refunded by the Company to a stockholder will be mailed by Computershare within
      ten Business Days after the Expiration Date.  Computershare will not
      issue or deliver certificates or Statements of Holding for shares subscribed
      for
      until payment in full therefor has been received, including collection of checks
      and payment pursuant to Notices of Guaranteed Delivery.

     

    5.           
      Validity of
      Subscriptions.

     

    Irregular
      subscriptions not otherwise
      covered by specific instructions herein shall be submitted to an appropriate
      officer of the Company and handled in accordance with his or her
      instructions.  Such instructions will be documented by the Agent
      indicating the instructing officer and the date thereof.

     

    6.           
      Oversubscription.

     

    If,
      after allocation of shares of
      Common Stock to Record Date Stockholders, there remain unexercised Subscription
      Rights, then the Agent shall allot the shares issuable upon exercise of such
      unexercised Subscription Rights (the “Remaining Shares”) to stockholders who
      have exercised all the Basic Subscription Rights initially issued to them and
      who wish to acquire more than the number of shares for which the Basic
      Subscription Rights issued to them are exercisable.  Shares subscribed
      for pursuant to the Oversubscription Right will be allocated in the amounts
      of
      such over-subscriptions.  If the number of shares for which the
      Oversubscription Right has been exercised is greater than the Remaining Shares,
      the Agent shall allocate the Remaining Shares to Record Date Stockholders
      exercising their Oversubscription Right pro rata
      based on the number of
      shares each Subscription Rights holder subscribed for under the Basic
      Subscription Right.  “Pro
      rata” means in proportion to
      the number of
      shares of Common Stock that a Subscription Rights holder and the other
      Subscription Rights holders purchased by fully exercising their Basic
      Subscription Rights with respect to their Common Stock holdings.  The
      percentage of Remaining Shares each over-subscribing Record Date Stockholder
      or
      other Subscription Rights holder may acquire will be rounded up or down to
      result in delivery of whole shares of Common Stock and if necessary, equitably
      adjusted so that in no event are more than 2,500,000 shares of Common Stock
      issued upon the exercise of Subscription Rights.  The Agent shall
      advise the Company immediately upon the completion of the allocation set forth
      above as to the total number of shares subscribed and
      distributable.

     

    7.           
      Delivery of
      Shares.

     

    The
      Agent will deliver certificates or
      a Statement of
      Holding reflecting new shares of Common Stock in the Direct Registration System
      representing those shares of Common Stock purchased pursuant to the
      exercise of Basic Subscription Rights and any exercise of an Oversubscription
      Right, as applicable, as soon as practicable after the Expiration Date and
      after
      all allocations have been effected.

     

    8.           
      Holding Proceeds
      of
      Subscription Rights Offering.

     

    A.  All
      proceeds received by
      Computershare from Stockholders in respect of the exercise of Subscription
      Rights shall be held by Computershare, on behalf of the Company, in a segregated
      account (the “Account”).  No interest shall accrue to the Company or
      stockholders on funds held in the Account pending disbursement in the manner
      described in Section 4(E) above.

     

    B.  Computershare
      shall
      deliver all proceeds received in respect of the exercise of Subscription Rights
      to the Company as promptly as practicable, but in no event later than ten
      business days after the Expiration Date.

     

    C.  The
      Company acknowledges that the bank accounts maintained by Computershare in
      connection with the services provided under this Agreement will be in its name
      and that Computershare may receive investment earnings in connection with the
      investment at Computershare’s risk and for its benefit of funds held in those
      accounts from time to time.

     

    9.           
      Reports.

     

    Daily,
      during the period commencing on
      __________, until termination of the Subscription Period, the Agent will report
      by telephone or telecopier, confirmed by letter, to an Officer of the Company,
      data regarding Subscription Rights exercised, the total number of shares of
      Common Stock subscribed for, and payments received therefor, bringing forward
      the figures from the previous day’s report in each case so as to show the
      cumulative totals and any such other information as may be mutually determined
      by the Company and the Agent.

     

    10.           
      Loss or
      Mutilation.

     

    If
      any Subscription Rights Certificate
      is lost, stolen, mutilated or destroyed, the Agent may, on such terms which
      will
      indemnify and protect the Company and the Agent as the Agent may in its
      discretion impose (which shall, in the case of a mutilated Subscription Rights
      Certificate include the surrender and cancellation thereof), issue a new
      Subscription Rights Certificate of like denomination in substitution for the
      Subscription Rights Certificate so lost, stolen, mutilated or
      destroyed.

     

    11.           
      Compensation for
      Services.

     

    The
      Company agrees to pay to the Agent
      compensation for its services hereunder in accordance with its Fee Schedule
      to
      act as Agent attached hereto as Exhibit A.  The Company further agrees
      that it will reimburse the Agent for its reasonable out-of-pocket expenses
      incurred in the performance of its duties as such.

     

    12.           
      Instructions,
      Indemnification and Limitation of Liability.

     

    The
      Agent undertakes the duties and
      obligations imposed by this Agreement upon the following terms and
      conditions:

     

    A.  The
      Agent shall be
      entitled to rely upon any instructions or directions furnished to it by an
      appropriate officer of the Company, whether in conformity with the provisions
      of
      this Agreement or constituting a modification hereof or a supplement
      hereto.  Without limiting the generality of the foregoing or any other
      provision of this Agreement, the Agent, in connection with its duties hereunder,
      shall not be under any duty or obligation to inquire into the validity or
      invalidity or authority or lack thereof of any instruction or direction from
      an
      officer of the Company which conforms to the applicable requirements of this
      Agreement and which the Agent reasonably believes to be genuine and shall not
      be
      liable for any delays, errors or loss of data occurring by reason of
      circumstances beyond the Agent’s control.

     

    B.  The
      Company will
      indemnify the Agent and its nominees against, and hold it harmless from, all
      liability and expense which may arise out of or in connection with the services
      described in this Agreement or the instructions or directions furnished to
      the
      Agent relating to this Agreement by an appropriate officer of the Company,
      except for any liability or expense which shall arise out of the gross
      negligence, bad faith or willful misconduct of the Agent or such
      nominees.

     

    Promptly
      after the receipt by the Agent of notice of any demand or claim or the
      commencement of any action, suit, proceeding or investigation, the Agent shall,
      if a claim in respect thereof is to be made against the Company, notify the
      Company thereof in writing.   The Company shall be entitled to
      participate as its own expense in the defense of any such claim or proceeding,
      and, if it so elects at any time after receipt of such notice, it may assume
      the
      defense of any suit brought to enforce any such claim or of any other legal
      action or proceeding. For the purposes of this Section 12, the term “expense or
      loss” means any amount paid or payable to satisfy any claim, demand, action,
      suit or proceeding settled with the express written consent of the Agent, and
      all reasonable costs and expenses, including, but not limited to, reasonable
      counsel fees and disbursements, paid or incurred in investigating or defending
      against any such claim, demand, action, suit, proceeding or
      investigation.

     

    C.  The
      Agent shall be
      responsible for and shall indemnify and hold the Company harmless from and
      against any and all losses, damages, costs, charges, counsel fees, payments,
      expenses and liability arising out of or attributable to Agent’s refusal or
      failure to comply with the terms of this Agreement, or which arise out of
      Agent’s negligence or willful misconduct or which arise out of the breach of any
      representation or warranty of Agent hereunder, for which  Agent is not
      entitled to indemnification under this Agreement; provided, however, that
      Agent’s aggregate liability during any term of this Agreement with respect to,
      arising from, or arising in
      connection  with  this  Agreement, or from all
      services provided or omitted to be provided under this Agreement, whether in
      contract, or in tort, or otherwise, is limited to, and shall not exceed, the
      amounts paid hereunder by the Company to Agent as fees and charges, but not
      including reimbursable expenses, during the twelve (12) calendar months
      immediately preceding the event for which recovery from the Agent is being
      sought.

     

    13.           
      Changes in
      Subscription Rights Certificate.

     

    The
      Agent may, without the consent or
      concurrence of the Stockholders in whose names Subscription Rights Certificates
      are registered, by supplemental agreement or otherwise, concur with
      the  Company in making any changes or corrections in a Subscription
      Rights Certificate that it shall have been advised by counsel (who may be
      counsel for the Company) is appropriate to cure any ambiguity or to correct
      any
      defective or inconsistent provision or clerical omission or mistake or manifest
      error therein or herein contained, and which shall not be inconsistent with
      the
      provision of the Subscription Rights Certificate except insofar as any such
      change may confer additional rights upon the Stockholders.

     

    14.           
      Assignment/Delegation.

     

    A.  Except
      as provided in
      Section 14(B) below, neither this Agreement nor any rights or obligations
      hereunder may be assigned or delegated by either party without the written
      consent of the other party.

     

    B.  The
      Agent may, without further consent on the part of the Company, subcontract
      with
      other subcontractors for systems, processing, telephone and mailing services,
      and post-exchange activities, as may be required from time to time; provided, however,
      that
      the Agent shall be as fully responsible to the Company for the acts and
      omissions of any subcontractor as it is for its own acts and
      omissions.

     

    C.  Except
      as explicitly stated elsewhere in this Agreement, nothing under this Agreement
      shall be construed to give any rights or benefits in this Agreement to anyone
      other than the Agent and the Company and the duties and responsibilities
      undertaken pursuant to this Agreement shall be for the sole and exclusive
      benefit of the Agent and the Company.

     

    15.           
      Governing
      Law.

     

    The
      validity, interpretation and
      performance of this Agreement shall be governed by the law of the Commonwealth
      of Massachusetts and shall inure to the benefit of and the obligations created
      hereby shall be binding upon the successors and permitted assigns of the parties
      hereto.

     

    16.           
      Third Party
      Beneficiaries.

     

    This
      Agreement does not constitute an
      agreement for a partnership or joint venture between the Agent and the
      Company.  Neither party shall make any commitments with third parties
      that are binding on the other party without the other party’s prior written
      consent.

     

    17.           
      Force
      Majeure.

     

    In
      the event either party is unable to
      perform its obligations under the terms of this Agreement because of acts of
      God, strikes, terrorist acts, equipment or transmission failure or damage
      reasonably beyond its control, or other cause reasonably beyond its control,
      such party shall not be liable for damages to the other for any damages
      resulting from such failure to perform or otherwise from such
      causes.  Performance under this Agreement shall resume when the
      affected party or parties are able to perform substantially that party’s
      duties.

     

    18.           
      Consequential
      Damages.

     

    Neither
      party to this Agreement shall
      be liable to the other party for any consequential, indirect, special or
      incidental damages under any provisions of this Agreement or for any
      consequential, indirect, penal, special or incidental damages arising out of
      any
      act or failure to act hereunder even if that party has been advised of or has
      foreseen the possibility of such damages.

     

    19.           
      Severability.

     

    If
      any provision of this Agreement
      shall be held invalid, unlawful, or unenforceable, the validity, legality,
      and
      enforceability of the remaining provisions shall not in any way be affected
      or
      impaired.

     

    20.           
      Counterparts.

     

    This
      Agreement may be executed in one
      or more counterparts, each of which shall be deemed an original and all of
      which
      together shall be considered one and the same agreement.

     

    21.           
      Captions.

     

    The
      captions and descriptive headings
      herein are for the convenience of the parties only.  They do not in
      any way modify, amplify, alter or give full notice of the provisions
      hereof.

     

    22.           
      Confidentiality.

     

    The
      Agent
      and the Company agree that all books, records, information and data pertaining
      to the business of the other party which are exchanged or received pursuant
      to
      the negotiation or the carrying out of this Agreement, including the fees for
      services set forth in the attached schedule shall remain confidential, and
      shall
      not be voluntarily disclosed to any other person, except as may be required
      by
      law.

     

    23.           
      Term and
      Termination.

     

    This
      Agreement shall remain in effect until the earlier of (a) thirty (30)
      days after
      the Expiration Date; (b) it is terminated by either party upon a material breach
      of this Agreement which remains uncured for 30 days after written notice of
      such
      breach has been provided; or (c) 30 days’ written notice has been
      provided by either party to the other.  Upon termination of the
      Agreement, the Agent shall retain all canceled Certificates and related
      documentation as required by applicable law.

     

    24.           
      Notices.

     

    Until
      further notice in writing by
      either party hereto to the other party, all written reports, notices and other
      communications between the Exchange Agent and the  Company required or
      permitted  hereunder shall be delivered or mailed by first class mail,
      postage prepaid, telecopier or
      overnight
      courier guaranteeing next day delivery, addressed as
      follows:

     

    If
      to the Company, to:

     

    Keystone
      Consolidated Industries, Inc.

    Three
      Lincoln Centre

    5430
      LBJ Freeway, Suite
      1740

    Dallas,
      Texas   75240-2697

    Attn:  General
      Counsel

    

    If
      to the Agent, to:

    

    Computershare
      Trust Company, N.A.

    c/o
      Computershare Shareholder Services,
      Inc.

    250
      Royall Street

    Canton,
      MA 02021

    Attn:  Reorganization
      Department

    

    25.           
      Survival.

     

    The
      provisions of Paragraphs 12, 15,
      17-19, 22, and 24-26 shall survive any termination, for any reason, of this
      Agreement.

     

    26.           
      Merger of
      Agreement.

     

    This
      Agreement constitutes the entire
      agreement between the parties hereto and supersedes any prior agreement with
      respect to the subject matter hereof whether oral or written.

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      by
      their respective officers, hereunto duly authorized, as of the day and year
      first above written.

    

      COMPUTERSHARE
        TRUST COMPANY,
        NA.                                                                                             
KEYSTONE CONSOLIDATED

                                                       
        INDUSTRIES, INC.

      

      By:     /s/Thomas
        Borbely                                                                                                                                      
By: /s/J. Mark
        Hollingsworth

      

      Date:  10-2-07                                                                                                            
Date:
10-2-07

      

      Title:  Director
        Corporate
        Actions                                                                                                                        
Title: Acting
        General
        Counsel

      

      COMPUTERSHARE
        INC.

      

      By:  /s/Thomas
        Borbely

      

      Date:  10-2-07

      

      Title:  Director,
        Corporate
        Actionsexhibit10-1.htm

    
      
        

      

      

      

      

      

      

      February
        5, 2008

      

      

      To
        the
        Members of the Board of Directors of Hooper Holmes, Inc.

      

      Re:           
        Letter of Resignation

      

      Ladies
        and Gentlemen:

      

      I
        hereby resign, effective immediately,
        as the President and Chief Executive Officer of Hooper Holmes, Inc. (the
        “Company”), as a member of the Board of Directors of the Company, and from any
        other offices with the Company, and all positions I have, or may have had,
        as an
        officer or director of any of the Company’s subsidiaries or
        affiliates.

      

      Sincerely,

      

           /s/

      

      James
        D. Calver

      
        
          
            -  -

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