Document:

Exhibit 4.1

 

VISTULA COMMUNICATIONS SERVICES, INC.

 

PROMISSORY
NOTE

 

	
  $1,170,000

  	
   

  	
  March 15, 2005

  

 

Vistula
Communications Services, Inc., a Delaware corporation with offices at Suite
801, 405 Park Avenue, New York, NY 10022 (the “Company”), for value received,
hereby promises to pay to the order of MRS Partners LLC, a Nevada limited
liability company (hereinafter referred to as the “Payee”) the principal sum of
One Million One Hundred Seventy Thousand Dollars ($1,170,000), with interest
from the date hereof on the unpaid principal balance on the terms set forth
herein; provided, however, that
the principal sum payable hereunder is subject to setoff and adjustment as
provided below.  This note (the “Note”)
is being issued pursuant to that certain Asset Purchase Agreement, dated as of
January 5, 2004, by and between the Company and the Payee, as amended by that
Amendment and Indemnification Agreement, dated as of May 5, 2004, by and
between the Company, the Payee and certain members of Payee, and as further amended
by that certain Second Amendment to Asset Purchase Agreement, dated as of March
15, 2005, by and between the Company, the Payee and certain members of the
Payee (the “Purchase Agreement”), and is the Purchase Note referred to therein.  Capitalized terms used but not defined herein
shall have the meanings given them in the Purchase Agreement.

 

1.  Interest Rate.  Interest shall accrue on the unpaid principal
balance hereof at the rate of 
eight and one quarter percent (8.25%) per annum, calculated on a daily
basis.

 

2.  Payment.

 

                (a)  Method of Payment.  Principal and interest shall be payable in
lawful money of the United States of America, in immediately available funds,
to the Payee.

 

                (b)  Principal Payments.  The Company shall pay the principal on this
Note in the following manner:

 

(i)            $150,000 of the unpaid principal (or, if less, the amount
of any then remaining unpaid principal) shall be paid on September 30, 2005;

 

(ii)           $150,000 of the unpaid principal (or, if less, the amount
of any then remaining unpaid principal) shall be paid on December 31, 2005; and

 

(iii)          all remaining unpaid principal
shall be payable on the first anniversary of the date of issuance of this Note
as set forth above.

 

                (c)  Interest Payments.  The Company shall pay interest on the unpaid
principal balance of this Note in the following manner:

(i)            all accrued but unpaid interest
shall be paid monthly in arrears commencing on April 15, 2005; and, 

(ii)             all accrued but unpaid interest
shall be payable on the first 

 

 

anniversary of
the date of issuance of this Note as set forth above or, if earlier, upon the
payment in full of the unpaid principal balance of this Note.

 

(d) Prepayment by Company. The Company may prepay this
Note, in whole or in part, at any time without premium or penalty.

 

(e) Acceleration on Event of Default. All outstanding
principal and interest hereunder shall become due and payable upon the
occurrence of any of the following events:

 

(i) any failure by the
Company to make any payment hereunder when due, which failure is not cured by
the Company within 30 days;

 

(ii) the commencement by the Company of any
liquidation proceedings, assignment for the benefit of creditors or the
adoption of a winding up resolution by the Company, or the appointment of a
receiver or trustee over the whole or any part of Company’s assets, or the
calling by Company of a meeting of creditors for the purpose of entering into a
scheme or arrangement with them, or if the Company shall admit in writing its
inability to pay its debts as they become due; or

 

(iii) the levy of an
attachment or the institution of execution proceedings against the whole or a
substantial part of the Company’s assets.

 

3. Setoff. The principal amount due under this Note
may be set off by the Company against any payments, obligations or liabilities
owing to the Company by Seller under the Purchase Agreement. Any such set off
shall be applied to the next installment(s) to be paid under this Note.

 

4. Miscellaneous.

 

(a) This Note may not be transferred without the
written consent of the Company.

 

(b) This Note shall be governed by, and construed in
accordance with, the laws of the State of Delaware and shall have the effect of
a sealed instrument.

 

	
   

  	
  VISTULA
  COMMUNICATIONS SERVICES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  Rupert Galliers-Pratt

  	
   

  
	
   

  	
   

  	
  President and Chief
  Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Attest:   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:
  

  	
  /s/
  George R. Vaughn

  	
   

  
	
   

  	
   

  	
  Secretary

  

 

 

2EXHIBIT 4.4

 

AMENDMENT NO. 3 TO AMENDED AND RESTATED RIGHTS
AGREEMENT

 

This Amendment No. 3
to Amended and Restated Rights Agreement (this “Amendment”),
dated as of March 20, 2005, between Inamed Corporation, a Delaware
corporation (the “Company”),
and U.S. Stock Transfer Corporation, as Rights Agent (the “Rights
Agent”), amends that certain Amended and Restated Rights
Agreement, dated as of November 16, 1999, as amended by the certain
Amendment No. 1 to Amended and Restated Rights Agreement, dated as of December 22,
1999, and that certain Amendment
No. 2 to Amended and Restated Rights Agreement, dated as of April 1,
2002 (collectively, the “Rights Agreement”).

 

WHEREAS, the Company and
the Rights Agent have heretofore executed and entered into the Rights Agreement.  Pursuant to Section 27 of the Rights
Agreement, the Company may from time to time supplement or amend the Rights
Agreement in accordance with the provisions of Section 27 thereof and the
Company desires and directs the Rights Agent to so amend the Rights
Agreement.  All acts and things necessary
to make this Amendment a valid agreement according to its terms have been done
and performed, and the execution and delivery of this Amendment by the Company
and the Rights Agent have been in all respects authorized by the Company and
the Rights Agent.

 

WHEREAS, the Company
proposes to enter into an Agreement and Plan of Merger (as the same may be
amended from time to time, the “Merger Agreement”),
dated as of March 20, 2005, with Medicis Pharmaceutical Corporation, a
Delaware corporation, and Masterpiece Acquisition Corp., a Delaware corporation
and wholly-owned subsidiary of Medicis Pharmaceutical Corporation.

 

In consideration of the
foregoing premises and mutual agreements set forth in the Rights Agreement and
this Amendment, the parties hereto agree as follows:

 

1.                                       Section 1(a) of
the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

“Notwithstanding the
foregoing, Medicis Pharmaceutical Corporation, a Delaware corporation (“Medicis”),
or any Affiliate or Associate thereof, including Masterpiece Acquisition Corp.,
a Delaware corporation and wholly-owned subsidiary of Medicis (“Merger Sub”)
(collectively with Medicis and any Affiliate or Associate of Medicis, “Parent”),
shall not become an “Acquiring Person” as a result of (i) the approval,
execution or delivery of that certain Agreement and Plan of Merger dated as of March 20,
2005 (as the same may be amended from time to time, the “Merger Agreement”), by
and among the Company, Medicis and Merger Sub, including the approval,
execution and delivery of any amendments thereto, (ii) the consummation of
the Merger (as such term is defined in the Merger Agreement), (iii) the
acceptance for payment and purchase or exchange of Common Shares pursuant to
the Merger Agreement, (iv) the announcement of the Merger Agreement or the
Merger or (v) the consummation of any other transaction contemplated by
the Merger Agreement.”

 

2.                                       Section 1(g) of
the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

 

“Notwithstanding
anything in this Agreement to the contrary, no Distribution Date shall be
deemed to have occurred solely as a result of (i) the approval, execution
or delivery of the Merger Agreement, including the approval, execution and
delivery of any amendments thereto, (ii) the consummation of the Merger, (iii) the
acceptance for payment and purchase or exchange of Common Shares pursuant to
the Merger Agreement, (iv) the announcement of the Merger Agreement or the
Merger or (v) the consummation of any other transaction contemplated by
the Merger Agreement.”

 

3.                                       Section 1(m)
of the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

“Notwithstanding anything in this Agreement to the
contrary, no Shares Acquisition Date shall be deemed to have occurred solely as
a result of (i) the approval, execution or delivery of the Merger
Agreement, including the approval, execution and delivery of any amendments
thereto, (ii) the consummation of the Merger, (iii) the acceptance
for payment and purchase or exchange of Common Shares pursuant to the Merger
Agreement, (iv) the announcement of the Merger Agreement or the Merger or (v) the
consummation of any other transaction contemplated by the Merger Agreement.”

 

4.                                       Section 7(a)(i) of
the Rights Agreement is hereby amended to delete the phrase “(the “Final
Expiration Date”)” so that it shall read as follows:

 

“(i) the close of business on June 2, 2007,”

 

5.  Section 7(a) of the
Rights Agreement is further amended by deleting the word “or” immediately prior
to Section 7(a)(iii) and by adding the following clause at the end of
Section 7(a):

 

“or (iv) immediately
prior to the Effective Time of the Merger (as such term is defined in the
Merger Agreement) (the earliest to occur of the events described in clauses (i) and
(iv) of this Section 7(a) shall be referred to as the “Final
Expiration Date”).”

 

6.                                       Section 11(a)(ii) of
the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

“Notwithstanding the foregoing, this Section 11(a)(ii) shall
not be deemed to apply to any of the following: (i) the approval,
execution or delivery of the Merger Agreement, including the approval,
execution and delivery of any amendments thereto, (ii) the consummation of
the Merger, (iii) the acceptance for payment and purchase or exchange of
Common Shares pursuant to the Merger Agreement, (iv) the announcement of
the Merger Agreement or the Merger or (v) the consummation of any other
transaction contemplated by the Merger Agreement.”

 

7.                                       Section 13
of the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

2

 

“Notwithstanding anything in this Agreement to the
contrary, none of the events described in clauses (a) through (c) of
the first sentence of this Section 13 shall be deemed to have occurred
solely as a result of (i) the approval, execution or delivery of the
Merger Agreement, including the approval, execution and delivery of any
amendments thereto, (ii) the consummation of the Merger, (iii) the
acceptance for payment and purchase or exchange of Common Shares pursuant to
the Merger Agreement, (iv) the announcement of the Merger Agreement or the
Merger or (v) the consummation of any other transaction contemplated by
the Merger Agreement.”

 

8.                                       Section 25(a) of
the Rights Agreement is hereby amended by adding as the final sentence thereof
the following:

 

“Notwithstanding the foregoing, this Section 25(a) shall
not be deemed to apply to any of the following:  (i) the approval, execution or delivery
of the Merger Agreement, including the approval, execution and delivery of any
amendments thereto, (ii) the consummation of the Merger, (iii) the
acceptance for payment and purchase or exchange of Common Shares pursuant to
the Merger Agreement, (iv) the announcement of the Merger Agreement or the
Merger or (v) the consummation of any other transaction contemplated by
the Merger Agreement.”

 

9.                                       A
new Section 35 shall be added and shall read as follows:

 

“Section 35. 
TERMINATION.  Immediately prior to
the Effective Time (as such term is defined in the Merger Agreement), this
Agreement shall be terminated and all outstanding Rights shall expire.”

 

10.                                 This
Amendment shall be deemed effective as of, and immediately prior to, the
execution and delivery of the Merger Agreement. 
Except as expressly amended hereby, the Rights Agreement remains in full
force and effect in accordance with its terms.

 

11.                                 This
Amendment to the Rights Agreement shall be governed by and construed in
accordance with the laws of the State of Delaware.

 

12.                                 This
Amendment may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed an original, and all such
counterparts shall together constitute but one and the same instrument.

 

13.                                 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.

 

14.                                 Capitalized
terms used herein but not defined shall have the meanings given to them in the
Rights Agreement.

 

3

 

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

 

	
   

  	
   

  	
  Inamed
  Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Joseph
  A. Newcomb

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Joseph A.
  Newcomb

  
	
   

  	
   

  	
   

  	
  Title: Exec.
  Vice President and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  U.S. STOCK TRANSFER CORPORATION,

  as Rights Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Richard
  C. Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Richard C.
  Brown

  
	
   

  	
   

  	
   

  	
  Title: Vice
  President

  
						

 

4

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