Document:

Exhibit 4.2

 

 

SECOND SUPPLEMENTAL INDENTURE

 

Dated as of June 14, 2010

 

among

 

POWER-ONE, INC.,

 

as Issuer

 

and

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

 

as Trustee

 

 

 

THIS SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of June 14, 2010, between POWER-ONE, INC., a Delaware corporation formerly known as New Power-One, Inc. (the “New Issuer”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”).

 

RECITALS

 

WHEREAS, POWER-ONE, INC., a Delaware corporation (the “Initial  Issuer”), the guarantors named therein and the Trustee entered into the Indenture, dated as of June 17, 2008, as supplemented by the First Supplemental Indenture, dated as of May 8, 2009, by and among the Initial Issuer and the Trustee (as so supplemented, the “Indenture”), relating to the Initial Issuer’s 8.0% Senior Secured Convertible Notes due 2013 (the “Notes”);

 

WHEREAS, pursuant to that certain Agreement and Plan of Reorganization, dated as of June 11, 2010 among the Initial Issuer, the New Issuer, and Power-One Merger Sub, Inc., the Initial Issuer on the date hereof was merged with and into the New Issuer, with the New Issuer as the surviving entity (the “Merger”);

 

WHEREAS, as a result of the Merger, Article VIII of the Indenture requires the New Issuer to execute and deliver to the Trustee this Supplemental Indenture pursuant to which the New Issuer assumes the obligations of the Initial Issuer under the Indenture and the Notes;

 

WHEREAS, the New Issuer desires to amend the Notes pursuant to Section 12.02 of the Indenture to reflect the assumption of the Initial Issuer’s obligations under the Notes by the New Issuer, and for the Trustee to place an appropriate notation on the Notes pursuant to Section 12.05 of the Indenture to reflect the assumption of such obligations by the New Issuer;

 

WHEREAS, the New Issuer has requested that the Trustee execute and deliver this Supplemental Indenture; and

 

WHEREAS, all things necessary have been done to make this Supplemental Indenture, when executed and delivered by the New Issuer, the legal, valid and binding agreement of the New Issuer, in accordance with its terms.

 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows:

 

ARTICLE I

 

Section 1.1.            Pursuant to Article VIII of the Indenture, the New Issuer hereby expressly assumes and agrees to perform all the obligations of the Initial Issuer under the Notes and the Indenture, including the due and punctual payment of the principal of (and premium, if any) and interest on the Notes and the performance of every covenant of the Indenture on the part of the Initial Issuer to be performed or observed.

 

1

 

Section 1.2.            From and after the date hereof, the Indenture shall be amended such that the defined term “Issuer” refers to the New Issuer.

 

Section 1.3.            The Trustee shall place the following notation on the Notes:

 

“On June 14, 2010, Power-One, Inc., a Delaware corporation (the “Initial Issuer”), was merged with and into New Power-One, Inc., a Delaware corporation, with the surviving company being called Power-One, Inc. (the “New Issuer”).  The New Issuer assumed and agreed to perform on the part of the Initial Issuer the due and punctual payment of the principal of (and premium, if any) and interest on the Notes and the performance of every covenant of the Indenture on the part of the Initial Issuer to be performed or observed.”

 

Anything herein or in the Indenture to the contrary notwithstanding, the failure to affix the notation herein provided to any Note or to exchange any Note for a new Note modified as herein provided shall not affect any of the rights of the Holder of such Note.

 

ARTICLE II

 

Section 2.1.            Capitalized terms used herein and not otherwise amended or defined herein are used as defined in the Indenture.

 

Section 2.2.            This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.

 

Section 2.3.            This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.

 

Section 2.4.            This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will henceforth be read together.

 

Section 2.5.            The recitals contained herein are made by the New Issuer, and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof.  The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.  All rights, protections, privileges, indemnities and benefits granted or afforded to the Trustee under the Indenture shall be deemed incorporated herein by this reference and shall be deemed applicable to all actions taken, suffered or omitted by the Trustee under this Supplemental Indenture.

 

[Signature Pages Follow]

 

2

 

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

 

	     
    	    POWER-ONE, INC., as Issuer
    
	     
    	     
    
	     
    	     
    
	     
    	    By:
    	    /s/   Tina McKnight
    
	     
    	     
    	    Name:
    	    Tina   McKnight
    
	     
    	     
    	    Title:
    	    General   Counsel
    
	     
    	     
    
	     
    	     
    
	     
    	    THE   BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
    
	     
    	     
    
	     
    	     
    
	     
    	    By:
    	    /s/   Teresa Petta
    
	     
    	     
    	    Name:
    	    Teresa   Petta
    
	     
    	     
    	    Title:
    	    Vice   President
    

 

Signature Page to Second Supplemental IndentureExhibit 4.3

 

EXHIBIT 4.3 SPECIMEN OF COMMON STOCK CERTIFICATE

 

	    NUMBER
   COMMON STOCK
    	     
    	    [LOGO]
   POWER-ONE, INC
    	     
    	    SHARES
   COMMON STOCK
    
	     
    	     
    	     
    	     
    	     
    
	    INCORPORATED UNDER THE LAWS
   OF THE STATE OF DELAWARE
    	     
    	     
    	     
    	    SEE REVERSE FOR
   CERTAIN DEFINITIONS
    
	     
    	     
    	     
    	     
    	    CUSIP 73930R 10 2
    

 

This Certifies that

 

 

is the record holder of

 

FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK,

$.001 PAR VALUE PER SHARE, OF

 

--------------------------------POWER-ONE, INC.------------------------------

 

transferable on the books of the Corporation in person or by duly authorized attorney on surrender of this certificate properly endorsed. This certificate shall not be valid until countersigned and registered by the Transfer Agent and Registrar.

 

WITNESS the facsimile seal of the Corporation and the signatures of its fully authorized officers.

 

Dated: [                   ]

 

[SEAL]

POWER-ONE INCORPORATED

INCORPORATED

JAN

1996

DELAWARE

 

	     
    	     
    	     
    
	    [                 ]
    	     
    	    [                     ]
    
	    SECRETARY
    	     
    	    PRESIDENT
    

 

 

The Corporation shall furnish without charge to each stockholder who so requests a statement of the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock of the Corporation or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. Such requests shall be made to the Corporation’s Secretary at the principal office of the Corporation.

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full

according to applicable laws or regulations:

	    TEN COM
    	    – as tenants in common
    	    UNIF GIFT MIN ACT -
    	     
    	    Custodian
    	     
    
	    TEN ENT
    	    – as tenants by the   entireties
    	     
    	    (Cust)
    	    (Minor)
    
	    JT TEN
    	    –   as joint tenants with right of
    	     
    	    under Uniform Gifts to   Minors
    
	     
    	    survivorship   and not as tenants in
    	     
    	    Act
    	     
    	     
    
	     
    	    common
    	     
    	     
    	    (State)
    	     
    
	     
    	     
    	    UNIF TRF MIN ACT -
    	     
    	    Custodian (until age
    	     
    	    )
    
	     
    	     
    	     
    	      (Cust)
    	     
    	     
    
	     
    	     
    	     
    	     
    	    under Uniform Transfers
    	     
    
	     
    	     
    	     
    	        (Minor)
    	     
    	     
    
	     
    	     
    	     
    	    to Minors Act
    	     
    	     
    	     
    
	     
    	     
    	     
    	     
    	    (State)
    	     
    	     
    
																

 

Additional abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED,                                                      hereby sell, assign and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

	     
    
	    (PLEASE   PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
    
	     
    	     
    
	     
    	     
    
	     
    	     
    
	     
    	     
    
	     
    	    Shares
    
	    of   the common stock represented by the within Certificate, and do hereby irrevocably   constitute and appoint
    
	     
    
	     
    	    Attorney
    
				

to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.

 

	    Dated
    	     
    	     
    
	     
    	    X
    	     
    	     
    
	     
    	    X
    	     
    	     
    
	     
    	    THE   SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND
    
	    NOTICE:  
    	    WITH   THE NAME(S) AS WRITTEN UPON THE FACE OF THE
    
	     
    	    CERTIFICATE   IN EVERY PARTICULAR, WITHOUT ALTERATION
    
	     
    	    OR   ENLARGEMENT OR ANY CHANGE WHATEVER.
    
	     
    	     
    
	    Signature(s) Guaranteed
    	    THE   CERTIFICATE OF INCORPORATION (THE “CERTIFICATE OF INCORPORATION”) OF THE   CORPORATION CONTAINS RESTRICTIONS PROHIBITING, SUBJECT TO CERTAIN LIMITED   EXCEPTIONS, THE TRANSFER (AS DEFINED IN THE CERTIFICATE OF INCORPORATION) OF   ANY STOCK OF THE CORPORATION (INCLUDING THE CREATION OR GRANT OF CERTAIN   OPTIONS) WITHOUT THE PRIOR AUTHORIZATION OF THE BOARD OF DIRECTORS OF THE   CORPORATION (THE “BOARD OF DIRECTORS”) IF SUCH TRANSFER AFFECTS THE PERCENTAGE   OF STOCK OF THE CORPORATION (WITHIN THE MEANING OF SECTION 382 OF THE   INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) AND THE TREASURY   REGULATIONS PROMULGATED THEREUNDER) THAT IS TREATED AS OWNED BY A 5-PERCENT   SHAREHOLDER UNDER SECTION 382 OF THE CODE AND SUCH REGULATIONS. IF THE   TRANSFER RESTRICTIONS ARE VIOLATED, THEN THE TRANSFER WILL BE VOID AB INITIO   AND THE PURPORTED TRANSFEREE OF THE STOCK WILL BE REQUIRED TO TRANSFER EXCESS   SECURITIES (AS DEFINED IN THE CERTIFICATE OF INCORPORATION) TO THE   CORPORATION’S AGENT. IN THE EVENT OF A TRANSFER
    
	     
    
	    By
    	     
    	     
    
	     
    	    THE   SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO   S.E.C. RULE 17Ad-15.
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
	     
    	     
    	     
    
								

 

 

	     
    	    WHICH   DOES NOT INVOLVE SECURITIES OF THE CORPORATION WITHIN THE MEANING OF THE   DELAWARE GENERAL CORPORATION LAW (“SECURITIES”) BUT WHICH WOULD VIOLATE THE   TRANSFER RESTRICTIONS, THE PURPORTED TRANSFEREE (OR THE RECORD OWNER) OF THE   SECURITIES WILL BE REQUIRED TO TRANSFER SUFFICIENT SECURITIES PURSUANT TO THE   TERMS PROVIDED FOR IN THE CERTIFICATE OF INCORPORATION TO CAUSE THE 5-PERCENT   SHAREHOLDER TO NO LONGER BE IN VIOLATION OF THE TRANSFER RESTRICTIONS. THE   CORPORATION WILL FURNISH WITHOUT CHARGE TO THE HOLDER OF RECORD OF THIS   CERTIFICATE A COPY OF THE CERTIFICATE OF INCORPORATION, CONTAINING THE   ABOVE-REFERENCED TRANSFER RESTRICTIONS, UPON WRITTEN REQUEST TO THE   CORPORATION AT ITS PRINCIPAL PLACE OF BUSINESS.

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