Document:

Exhibit 10.19

Exhibit 10.19

ESCROW AGREEMENT

THIS ESCROW AGREEMENT (this “Agreement”) is made as of June 25, 2009, by and among
Genesis Fluid Solutions, Ltd., a Colorado corporation, with an address at 6660 Delmonico Drive,
Suite 242-D, Colorado Springs, Colorado 80919 (“GFS”), and Sichenzia Ross Friedman Ference
LLP, with an address at 61 Broadway, New York, New York 10006 (the “Escrow Agent”).
Capitalized terms used but not defined herein shall have the meanings set forth in that certain
form of Subscription Agreement, annexed hereto as Schedule I, as amended or supplemented from
time-to-time, including all attachments, schedules and exhibits thereto (the “Subscription
Agreement”).

WITNESSETH:

WHEREAS, GFS will be merging into a wholly-owned subsidiary of a publicly-reporting company
(the “Company”), thereby becoming a wholly-owned subsidiary of the Company;

WHEREAS, the Company desires to sell (the “Offering”) a minimum of $1,600,000
(“Minimum Amount”) of Units and a maximum of $7,500,000 (“Maximum Amount”) of
Units. Each Unit shall consist of (i) 25,000 shares of Common Stock of the Company (the
“Shares”) and (ii) a two-year warrant to purchase 12,500 shares of Common Stock at an
exercise price of $4.00 per share (the “Warrant”);

WHEREAS, immediately prior to the closing of the Offering, the subscribers in the Offering
(the “Subscribers”) will be provided a draft Current Report on Form 8-K (the “Form
8-K”), and in connection therewith the Subscribers will be asked to execute a reconfirmation of
their desire to subscribe for the Units in the Offering;

WHEREAS, GFS, on behalf of the Company, desires to establish an escrow account with the Escrow
Agent into which the Company shall instruct the Subscribers to deposit checks and other instruments
or wire funds for the payment of money made payable to the order of “Sichenzia Ross Friedman
Ference LLP, as Escrow Agent for Genesis Fluid Solutions Holdings, Inc.”, and Escrow Agent is
willing to accept said checks and other instruments and wires for the payment of money in
accordance with the terms hereinafter set forth; and

WHEREAS, GFS will cause the Company to assume its obligations under the Escrow Agreement.

NOW, THEREFORE, in consideration of the covenants and mutual promises contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:

 

 

 

ARTICLE I

TERMS OF THE ESCROW

1.1 The parties hereby agree to establish an escrow account (the “Escrow Account”)
with the Escrow Agent whereby the Escrow Agent shall hold the collected funds deposited into the
Escrow Account (the “Escrow Funds”).

1.2 Upon the Escrow Agent’s receipt of the Escrow Funds from the Subscribers for the Closing,
it shall telephonically advise the Company, or the Company’s designated attorney or agent, of the
amount of funds it has received into the Escrow Account.

1.3 Wire transfers to the Escrow Agent shall be made as follows:

Citibank

New York, NY

A/C of Sichenzia Ross Friedman Ference LLP (IOLA Account)

A/C#:                

ABA#:               

SWIFT Code:  

REMARK:       GENESIS FLUID SOLUTIONS HOLDINGS, INC.

1.4 The Escrow Agent shall, upon receipt of written instructions in a form and substance
satisfactory to the Escrow Agent, received from the Company (including a representation from the
Company that the Company has furnished each Subscriber with the Form 8-K and that each Subscriber
reconfirmed its investment in the Offering following receipt of the Form 8-K), pay the Escrow Funds
in accordance with such written instructions, such payment or payments to be made by wire transfer
within one (1) business day of receipt of such written instructions.

1.5 The Company may reject or cancel any subscription in the Offering in whole or in part. If
payment for any such rejected or canceled subscription has been delivered to the Escrow Agent, the
Company will inform the Escrow Agent of the rejection or cancellation, and the Escrow Agent upon
receiving such notice shall promptly return such funds to said Subscriber, but in no event prior to
those funds becoming collected and available for withdrawal. In addition, Subscribers are required
to reconfirm their subscription upon receipt of the Form 8-K. Subscribers who do not reconfirm
their subscription will be entitled to a return of their subscription funds, without interest or
deduction, and the Escrow Agent upon receiving written notice from the Company shall promptly
return such funds to such Subscribers.

ARTICLE II

MISCELLANEOUS

2.1 No waiver or any breach of any covenant or provision herein contained shall be deemed a
waiver of any preceding or succeeding breach thereof, or of any other covenant or
provision herein contained. No extension of time for performance of any obligation or act
shall be deemed an extension of the time for performance of any other obligation or act.

 

 

 

2.2 Any and all notices or other communications or deliveries required or permitted to be
provided hereunder shall be in writing and shall be deemed given and effective on the earliest of
(a) the date of transmission, if such notice or communication is delivered via facsimile prior to
5:30 p.m. (Eastern Time) on a Business Day, (b) the next Business Day after the date of
transmission, if such notice or communication is delivered via facsimile on a day that is not a
Business Day or later than 5:30 p.m. (Eastern Time) on any Business Day, (c) the 2nd
Business Day following the date of mailing, if sent by U.S. nationally recognized overnight courier
service, or (d) upon actual receipt by the party to whom such notice is required to be given. As
used herein, “Business Day” shall mean any day other than Saturday, Sunday or other day on which
commercial banks in the City of New York are authorized or required by law to remain closed.

2.3 This Escrow Agreement shall be binding upon and shall inure to the benefit of the
permitted successors and permitted assigns of the parties hereto.

2.4 This Escrow Agreement is the final expression of, and contains the entire agreement
between, the parties with respect to the subject matter hereof and supersedes all prior
understandings with respect thereto. This Escrow Agreement may not be modified, changed,
supplemented or terminated, nor may any obligations hereunder be waived, except by written
instrument signed by the parties to be charged or by its agent duly authorized in writing or as
otherwise expressly permitted herein.

2.5 Whenever required by the context of this Escrow Agreement, the singular shall include the
plural and masculine shall include the feminine. This Escrow Agreement shall not be construed as
if it had been prepared by one of the parties, but rather as if all parties had prepared the same.

2.6 The parties hereto expressly agree that this Escrow Agreement shall be governed by,
interpreted under and construed and enforced in accordance with the laws of the State of New York.
Any action to enforce, arising out of, or relating in any way to, any provisions of this Escrow
Agreement shall only be brought in a state or Federal court sitting in New York City.

2.7 The Escrow Agent’s duties hereunder may be altered, amended, modified or revoked only by a
writing signed by the parties hereto.

2.8 The Escrow Agent shall be obligated only for the performance of such duties as are
specifically set forth herein and may rely and shall be protected in relying or refraining from
acting on any instrument reasonably believed by the Escrow Agent to be genuine and to have been
signed or presented by the proper party or parties. The Escrow Agent shall not be personally liable
for any act the Escrow Agent may do or omit to do hereunder as the Escrow Agent while acting in
good faith and in the absence of gross negligence, fraud and willful misconduct.

 

 

 

2.9 The Escrow Agent is hereby expressly authorized to disregard any and all warnings given by
any of the parties hereto or by any other person or corporation, excepting only
orders or process of courts of law and is hereby expressly authorized to comply with and obey
orders, judgments or decrees of any court. In case the Escrow Agent obeys or complies with any
such order, judgment or decree, the Escrow Agent shall not be liable to any of the parties hereto
or to any other person, firm or corporation by reason of such decree being subsequently reversed,
modified, annulled, set aside, vacated or found to have been entered without jurisdiction.

2.10 The Escrow Agent shall not be liable in any respect on account of the identity,
authorization or rights of the parties executing or delivering or purporting to execute or deliver
the Subscription Agreement or any documents or papers deposited or called for thereunder in the
absence of gross negligence, fraud and willful misconduct.

2.11 The Escrow Agent shall be entitled to employ such legal counsel and other experts as the
Escrow Agent may deem necessary properly to advise the Escrow Agent in connection with the Escrow
Agent’s duties hereunder, may rely upon the advice of such counsel, and may pay such counsel
reasonable compensation; provided that the costs of such compensation shall be borne by the Escrow
Agent.

2.12 The Escrow Agent’s responsibilities as escrow agent hereunder shall terminate if the
Escrow Agent shall resign by giving written notice to the Company. In the event of any such
resignation, the Subscribers and the Company shall appoint a successor escrow agent and the Escrow
Agent shall deliver to such successor escrow agent any Escrow Funds held by the Escrow Agent.

2.13 If the Escrow Agent reasonably requires other or further instruments in connection with
this Escrow Agreement or obligations in respect hereto, the necessary parties hereto shall join in
furnishing such instruments.

2.14 It is understood and agreed that should any dispute arise with respect to the delivery
and/or ownership or right of possession of the documents (if any) or the Escrow Funds held by the
Escrow Agent hereunder, the Escrow Agent is authorized and directed in the Escrow Agent’s sole
discretion (i) to retain in the Escrow Agent’s possession without liability to anyone all or any
part of said documents or the Escrow Funds until such disputes shall have been settled either by
mutual written agreement of the parties concerned by a final order, decree or judgment or a court
of competent jurisdiction after the time for appeal has expired and no appeal has been perfected,
but the Escrow Agent shall be under no duty whatsoever to institute or defend any such proceedings
or (ii) to deliver the Escrow Funds and any other property and documents held by the Escrow Agent
hereunder to a state or Federal court having competent subject matter jurisdiction and located in
the City of New York in accordance with the applicable procedure therefore.

2.15 GFS, the Company and the Subscribers agree jointly and severally to indemnify and hold
harmless the Escrow Agent and its partners, employees, agents and representatives from any and all
claims, liabilities, costs or expenses in any way arising from or relating to the duties or
performance of the Escrow Agent hereunder or the transactions contemplated hereby or by the
Subscription Agreement other than any such claim, liability, cost or expense to the extent the same
shall have been determined by final, unappealable judgment of a court of competent
jurisdiction to have resulted from the gross negligence, fraud or willful misconduct of the
Escrow Agent.

 

 

 

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

	 	 	 	 	 
	 	GENESIS FLUID SOLUTIONS, LTD.

 	 
	 	By:  	/s/ Michael Hodges
 	 
	 	 	Name:  	Michael Hodges 	 
	 	 	Title:  	Chief Executive Officer 	 
	 
	 	ESCROW AGENT:

SICHENZIA ROSS FRIEDMAN FERENCE LLP

 	 
	 	By:  	/s/ Harvey Kesner
 	 
	 	 	Name:  	Harvey Kesner 	 
	 	 	Title:  	Partnerexv4w1

Exhibit 4.1

EXECUTION VERSION           

 

STOCKHOLDER PROTECTION RIGHTS AGREEMENT

dated as of

November 5, 2009

between

CA, INC.

and

MELLON INVESTOR SERVICES LLC,

as Rights Agent

 

 

 

STOCKHOLDER PROTECTION RIGHTS AGREEMENT

Table of Contents

	 	 	 	 	 	 	 
	 	 	 	 	Page
	ARTICLE I

	 
	 	 	 	 	 	 
	DEFINITIONS

	 
	 	 	 	 	 	 
	1.1

	 	Definitions 	 	 	2	 
	 
	 	 	 	 	 	 
	ARTICLE II

	 
	 	 	 	 	 	 
	THE RIGHTS

	 
	 	 	 	 	 	 
	2.1

	 	Summary of Rights
	 	 	17	 
	2.2

	 	Legend on Common Stock Certificates
	 	 	17	 
	2.3

	 	Exercise of Rights; Separation of Rights
	 	 	19	 
	2.4

	 	Adjustments to Exercise Price; Number of Rights
	 	 	23	 
	2.5

	 	Date on Which Exercise is Effective
	 	 	25	 
	2.6

	 	Execution, Authentication, Delivery and Dating of Rights Certificates
	 	 	25	 
	2.7

	 	Registration, Registration of Transfer and Exchange
	 	 	26	 
	2.8

	 	Mutilated, Destroyed, Lost and Stolen Rights Certificates
	 	 	27	 
	2.9

	 	Persons Deemed Owners
	 	 	29	 
	2.10

	 	Delivery and Cancellation of Certificates
	 	 	29	 
	2.11

	 	Agreement of Rights Holders
	 	 	30	 
	 
	 	 	 	 	 	 
	ARTICLE III

	 
	 	 	 	 	 	 
	ADJUSTMENTS TO THE RIGHTS IN THE EVENT OF CERTAIN TRANSACTIONS

	 
	 	 	 	 	 	 
	3.1

	 	Flip-in
	 	 	31	 
	3.2

	 	Flip-over
	 	 	35	 
	 
	 	 	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 	 	 
	THE RIGHTS AGENT

	 
	 	 	 	 	 	 
	4.1

	 	General
	 	 	37	 
	4.2

	 	Merger or Consolidation or Change of Name of Rights Agent
	 	 	38	 

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	 	 	 	 	Page
	4.3

	 	Duties of Rights Agent
	 	 	39	 
	4.4

	 	Change of Rights Agent
	 	 	44	 
	 
	 	 	 	 	 	 
	ARTICLE V

	 
	 	 	 	 	 	 
	MISCELLANEOUS

	 
	 	 	 	 	 	 
	5.1

	 	Redemption
	 	 	46	 
	5.2

	 	Expiration
	 	 	49	 
	5.3

	 	Issuance of New Rights Certificates
	 	 	49	 
	5.4

	 	Supplements and Amendments
	 	 	50	 
	5.5

	 	Fractional Shares
	 	 	51	 
	5.6

	 	Rights of Action
	 	 	51	 
	5.7

	 	Holder of Rights Not Deemed a Stockholder
	 	 	52	 
	5.8

	 	Notice of Proposed Actions
	 	 	52	 
	5.9

	 	Notices
	 	 	53	 
	5.10

	 	Suspension of Exercisability
	 	 	54	 
	5.11

	 	Costs of Enforcement
	 	 	55	 
	5.12

	 	Successors
	 	 	55	 
	5.13

	 	Benefits of this Agreement
	 	 	55	 
	5.14

	 	Determination and Actions by the Board of Directors, etc
	 	 	55	 
	5.15

	 	Descriptive Headings; Section References
	 	 	56	 
	5.16

	 	GOVERNING LAW
	 	 	56	 
	5.17

	 	Counterparts
	 	 	58	 
	5.18

	 	Severability
	 	 	58	 

EXHIBITS

	 	 	 
	Exhibit A

	 	Form of Rights Certificate (Together with Form of Election to Exercise)
	Exhibit B

	 	Form of Certificate of Designation and Terms of Participating Preferred Stock

-ii-

 

STOCKHOLDER PROTECTION RIGHTS AGREEMENT

          STOCKHOLDER PROTECTION RIGHTS AGREEMENT (as amended from time to time, this “Agreement”),
dated as of November 5, 2009, between CA, Inc., a Delaware corporation (the “Company”), and Mellon
Investor Services LLC, a New Jersey limited liability company, as Rights Agent (the “Rights Agent”,
which term shall include any successor Rights Agent hereunder).

WITNESSETH:

          WHEREAS, the Stockholder Protection Rights Agreement (the “Existing Rights Agreement”), dated
as of October 16, 2006, between the Company and Mellon Investor Services LLC is scheduled to expire
on the Close of Business of November 30, 2009;

          WHEREAS, the Company desires to enter into this Agreement to become effective immediately upon
the expiration of the Existing Rights Agreement;

          WHEREAS, the Board of Directors of the Company has (a) authorized and declared a dividend of
one right (“Right”) in respect of each share of Common Stock (as hereinafter defined) held of
record as of the Close of Business (as hereinafter defined) on November 16, 2009 (the “Record
Time”), payable in respect of each such share upon the later of (i) certification by the NASDAQ
Stock Market to the SEC (as hereinafter defined) that the Rights have been approved for listing and
registration and (ii) immediately following the expiration of the Existing Rights Agreement (the
“Payment Time”) and (b) as provided in Section 2.4, authorized the issuance of one Right in respect
of each share of Common Stock issued after the Payment Time and prior to the Separation Time (as
hereinafter defined) and, to the extent provided in Section 5.3, each share of Common Stock issued
after the Separation Time;

 

 

          WHEREAS, subject to the terms and conditions hereof, each Right entitles the holder thereof,
after the Separation Time, to purchase securities or assets of the Company (or, in certain cases,
securities of certain other entities) pursuant to the terms and subject to the conditions set forth
herein; and

          WHEREAS, the Company desires to appoint the Rights Agent to act on behalf of the Company, and
the Rights Agent is willing so to act, in connection with the issuance, transfer, exchange and
replacement of Rights Certificates (as hereinafter defined), the exercise of Rights and other
matters referred to herein;

          NOW THEREFORE, in consideration of the premises and the respective agreements set forth
herein, the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

          1.1 Definitions. For purposes of this Agreement, the following terms have the
meanings indicated:

          “Acquiring Person” shall mean any Person who is or becomes the Beneficial Owner of 20% or more
of the outstanding shares of Common Stock; provided, however, that the term
“Acquiring Person” shall not include (a) the Company; (b) any Subsidiary of the Company; (c) any
employee stock ownership or other employee benefit plan of the Company or a Subsidiary of the
Company (or any entity or trustee holding shares of Common Stock for or pursuant to the terms of
any such plan or for the purpose of funding any such plan or funding other employee benefits for
employees of the Company or of any Subsidiary of the Company); or (d) any Person (i) who is the
Beneficial Owner of 20% or more of the outstanding shares of Common Stock prior to the time of
public announcement of the adoption of this Agreement and

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who has continuously been since such time the Beneficial Owner of 20% or more of the
outstanding shares of Common Stock until such time thereafter as such Person shall become the
Beneficial Owner (other than by means of a stock dividend, stock split or reclassification) of an
additional .1% of the outstanding shares of Common Stock, (ii) who becomes the Beneficial Owner of
20% or more of the outstanding shares of Common Stock solely as a result of an acquisition by the
Company of shares of Common Stock until such time thereafter as such Person shall become the
Beneficial Owner (other than by means of a stock dividend, stock split or reclassification) of an
additional .1% of the outstanding shares of Common Stock while such Person is or as a result of
which such Person becomes the Beneficial Owner of 20% or more of the outstanding shares of Common
Stock, (iii) who becomes the Beneficial Owner of 20% or more of the outstanding shares of Common
Stock but who (in the good faith determination of the Board of Directors of the Company) acquired
Beneficial Ownership of shares of Common Stock without any plan or intention to seek or affect
control of the Company, if such Person promptly divests, or promptly enters into an agreement with,
and satisfactory to, the Board of Directors of the Company, in the Board’s sole discretion, to
divest, and subsequently divests in accordance with the terms of such agreement (without exercising
or retaining any power, including voting power, with respect to such shares), sufficient shares of
Common Stock (or securities convertible into, exchangeable into or exercisable for, Common Stock)
so that such Person ceases to be the Beneficial Owner of 20% or more of the outstanding shares of
Common Stock or (iv) who Beneficially Owns shares of Common Stock consisting solely of one or more
of (A) shares of Common Stock Beneficially Owned pursuant to the grant or exercise of an option
granted to such Person (an “Option Holder”) by the Company in connection with an agreement to merge
with, or acquire, the Company entered into prior to a Flip-in Date, (B) shares of Common Stock

-3-

 

(or securities convertible into, exchangeable into or exercisable for, Common Stock) Beneficially
Owned by such Option Holder or its Affiliates or Associates at the time of grant of such
option and (C) shares of Common Stock (or securities convertible into, exchangeable into or
exercisable for, Common Stock) acquired by Affiliates or Associates of such Option Holder after the
time of such grant which, in the aggregate, amount to less than 1% of the outstanding shares of
Common Stock. For the avoidance of doubt, (x) Walter Haefner (“Haefner”) and his Affiliates and
Associates shall not be or become an Acquiring Person on account of the Beneficial Ownership of
Common Stock by any of them, so long as Haefner and his Affiliates and Associates (other than the
Company and its Subsidiaries) do not, in the aggregate, Beneficially Own more than the sum of
126,562,500 shares of Common Stock and that number of shares constituting .1% of the outstanding
shares of Common Stock; provided, however, that to the extent at any time after the
Record Time the Company shall (I) declare a dividend on the Common Stock payable in shares of
Common Stock, (B) subdivide the outstanding Common Stock, (C) combine the outstanding shares of
Common Stock or (D) issue any shares of its capital stock in a reclassification of the Common Stock
(including any such reclassification in connection with a consolidation or merger in which the
Company is the surviving corporation), the number of shares of Common Stock or capital stock, as
the case may be, which Haefner, together with his Affiliates and Associates, is entitled to
Beneficially Own without being deemed an “Acquiring Person” hereunder shall be proportionately
increased or decreased; and (y) no Successor of Haefner or any Affiliate or Associate of such
Successor, shall become an Acquiring Person on account of Common Stock received directly or
indirectly from Haefner, so long as such Successor, Affiliate or Associate does not, in the
aggregate, Beneficially Own more than the sum of 126,562,500 shares of Common Stock and .1% of the
outstanding shares of Common Stock and does not thereafter

-4-

 

acquire Beneficial Ownership of, any additional shares of the Company’s Common Stock (other than pursuant to stock dividends, stock splits and reclassifications of Common Stock as
provided for above).

          “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule
12b-2 under the Exchange Act, as such Rule is in effect on the date of this Agreement.

          “Agreement” shall have the meaning set forth in the Preamble.

          A Person shall be deemed the “Beneficial Owner” of, and to have “Beneficial Ownership” of, and
to “Beneficially Own”, any securities (i) as to which such Person or any of such Person’s
Affiliates or Associates is or may be deemed to be, directly or indirectly, the beneficial owner
pursuant to Rule 13d-3 and Rule 13d-5 under the Exchange Act, as such Rules are in effect on the
date of this Agreement, and (ii) as to which such Person or any of such Person’s Affiliates or
Associates has the right to become the beneficial owner (whether such right is exercisable
immediately or only after the passage of time or the occurrence of conditions) pursuant to any
agreement, arrangement or understanding, or upon the exercise of conversion rights, exchange
rights, rights (other than the Rights), warrants or options, or otherwise; provided,
however, that a Person shall not be deemed the “Beneficial Owner” or to have “Beneficial
Ownership” of, or to “Beneficially Own”, any security (i) solely because such security has been
tendered pursuant to a tender or exchange offer made by such Person or any of such Person’s
Affiliates or Associates until such tendered security is accepted for payment or exchange, (ii)
acquired by a Person engaged in business as an underwriter of securities through participation as
an underwriter or selling group member in good faith in a firm commitment underwriting until the
expiration of 40 days after the date of such acquisition or (iii) solely

-5-

 

because
such Person or any of such Person’s Affiliates or Associates has or shares the power to
vote or direct the voting of such security pursuant to a revocable proxy or consent given in
response to a public proxy or consent solicitation made to more than ten holders of shares of a
class of stock of the Company registered under Section 12 of the Exchange Act and pursuant to, and
in accordance with, the applicable rules and regulations under the Exchange Act, except if such
power (or the arrangements relating thereto) is then reportable under Item 6 of Schedule 13D under
the Exchange Act (or any similar provision of a comparable or successor statement).
Notwithstanding the foregoing, no officer or director of the Company shall be deemed to
Beneficially Own any securities of any other Person solely by virtue of any actions such officer or
director takes in such capacity. For purposes of this Agreement, in determining the percentage of
the outstanding shares of Common Stock with respect to which a Person is the Beneficial Owner, all
shares as to which such Person is deemed the Beneficial Owner shall be deemed outstanding.

          “Business Day” shall mean any day other than a Saturday, Sunday or a day on which banking
institutions in the State of New York or New Jersey are authorized or obligated by law or executive
order to close.

          “Close of Business” on any given date shall mean 5:00 p.m. New York City time on such date or,
if such date is not a Business Day, 5:00 p.m. New York City time on the next succeeding Business
Day.

          “Common Stock” shall mean the shares of Common Stock, par value $0.10 per share, of the
Company.

          “Company” shall have the meaning set forth in the Preamble.

-6-

 

          “Definitive Acquisition Agreement” shall mean any agreement entered into by the Company that
is conditioned on the approval by the holders of not less than a majority of the
outstanding shares of Common Stock at an annual or special meeting called for such purpose
with respect to (i) a merger, consolidation, recapitalization, reorganization, share exchange,
business combination or similar transaction involving the Company or (ii) the acquisition in any
manner, directly or indirectly, of more than 50% of the consolidated total assets (including,
without limitation, equity securities of its subsidiaries) of the Company.

          “Election to Exercise” shall have the meaning set forth in Section 2.3(d).

          “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

          “Exchange Ratio” shall have the meaning set forth in Section 3.1(c).

          “Exchange Time” shall mean the time at which the right to exercise the Rights shall terminate
pursuant to Section 3.1(c).

          “Exemption Date” shall have the meaning set forth in Section 5.1(c).

          “Exercise Price” shall mean, as of any date, the price at which a holder may purchase the
securities issuable upon exercise of one whole Right. Until adjustment thereof in accordance with
the terms hereof, the Exercise Price shall equal $100.

          “Existing Rights Agreement” shall have the meaning set forth in the Recitals.

          “Expansion Factor” shall have the meaning set forth in Section 2.4(a).

          “Expiration Time” shall mean the earliest of (i) the Exchange Time, (ii) the Redemption Time
and (iii) the Close of Business on November 30, 2012.

          “Flip-in Date” shall mean any Stock Acquisition Date or such later date and time as the Board
of Directors of the Company may from time to time fix by resolution adopted prior to the Flip-in
Date that would otherwise have occurred.

-7-

 

          “Flip-over Entity,” for purposes of Section 3.2, shall mean (i) in the case of a Flip-over
Transaction or Event described in clause (i) of the definition thereof, the Person issuing
any securities into which shares of Common Stock are being converted or exchanged and, if no
such securities are being issued, the other Person that is a party to such Flip-over Transaction or
Event and (ii) in the case of a Flip-over Transaction or Event referred to in clause (ii) of the
definition thereof, the Person receiving the greatest portion of the (A) assets or, if (A) is not
readily determinable, (B) operating income or cash flow being transferred in such Flip-over
Transaction or Event, provided in all cases if such Person is a Subsidiary of another
Person, the ultimate parent entity of such Person shall be the Flip-over Entity.

          “Flip-over Stock” shall mean the capital stock (or similar equity interest) with the greatest
voting power in respect of the election of directors (or other Persons similarly responsible for
the direction of the business and affairs) of the Flip-over Entity.

          “Flip-over Transaction or Event” shall mean a transaction or series of transactions, on or
after a Flip-in Date, in which, directly or indirectly, (i) the Company shall consolidate or merge
or participate in a statutory share exchange with any other Person if, at the time of consummation
of the consolidation, merger or statutory share exchange or at the time the Company enters into any
agreement with respect to any such consolidation, merger or statutory share exchange, the Acquiring
Person is the Beneficial Owner of 90% or more of the outstanding shares of Common Stock or controls
the Board of Directors of the Company and either (A) any term of or arrangement concerning the
treatment of shares of capital stock in such consolidation, merger or statutory share exchange
relating to the Acquiring Person is not identical to the terms and arrangements relating to other
holders of the Common Stock or (B) the Person with whom the transaction or series of transactions
occurs is the Acquiring Person or an Affiliate or

-8-

 

Associate of the Acquiring Person or (ii) the
Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or
otherwise transfer) assets (A) aggregating more than 50% of
the assets (measured by either book value or fair market value) or (B) generating more than
50% of the operating income or cash flow, of the Company and its Subsidiaries (taken as a whole) to
any Person (other than the Company or one or more of its wholly owned Subsidiaries) or to two or
more such Persons which are Affiliates or Associates or are otherwise acting in concert, if, at the
time of the entry by the Company (or any such Subsidiary) into an agreement with respect to such
sale or transfer of assets, the Acquiring Person is the Beneficial Owner of 90% or more of the
outstanding shares of Common Stock or controls the Board of Directors of the Company. For purposes
of the foregoing description, the term “Acquiring Person” shall include any Acquiring Person and
its Affiliates and Associates, counted together as a single Person. An Acquiring Person shall be
deemed to control the Company’s Board of Directors when, on or following a Stock Acquisition Date,
the persons who were directors of the Company (or persons nominated and/or appointed as directors
by vote of a majority of such persons) before the Stock Acquisition Date shall cease to constitute
a majority of the Company’s Board of Directors.

          “Haefner” shall have the meaning set forth in the definition of Acquiring Person.

          “Market Price” per share of any securities on any date shall mean the average of the daily
closing prices per share of such securities (determined as described below) on each of the 20
consecutive Trading Days through and including the Trading Day immediately preceding such date;
provided, however, that if any event described in Section 2.4, or any analogous
event, shall have caused the closing prices used to determine the Market Price on any Trading Days
during such period of 20 Trading Days not to be fully comparable with the closing price on such
date, each such closing price so used shall be appropriately adjusted in order to make it fully

-9-

 

comparable with the closing price on such date. The closing price per share of any securities on
any date shall be the last reported sale price, regular way, or, in case no such sale takes place
or is quoted on such date, the average of the closing bid and asked prices, regular way, for each
share of such securities, in either case as reported in the principal consolidated transaction
reporting system with respect to securities listed or admitted to trading on the New York Stock
Exchange, Inc. (“NYSE”) or, if the securities are not listed on the NYSE, as reported on the NASDAQ
Stock Market or, if the securities are not listed on the NASDAQ Stock Market, as reported in the
principal consolidated transaction reporting system with respect to securities listed on the
principal national securities exchange on which the securities are listed or admitted to trading,
or, if the securities are not listed or admitted to trading on any national securities exchange, as
reported by such other quotation system then in use, or, if on any such date the securities are not
listed or admitted to trading on any national securities exchange or quoted by any such quotation
system, the average of the closing bid and asked prices as furnished by a professional market maker
making a market in the securities selected by the Board of Directors of the Company;
provided, however, that if on any such date the securities are not listed or
admitted to trading on a national securities exchange or traded in the over-the-counter market, the
closing price per share of such securities on such date shall mean the fair value per share of such
securities on such date as determined in good faith by the Board of Directors of the Company, after
consultation with a nationally recognized investment banking firm, and set forth in a certificate
delivered to the Rights Agent.

          “NYSE” shall have the meaning set forth in the definition of Market Price.

          “Option Holder” shall have the meaning set forth in the definition of Acquiring Person.

-10-

 

          “Outside Meeting Date” shall have the meaning set forth in Section 5.1(c).

          “Payment Time” shall have the meaning set forth in the Recitals.

          “Person” shall mean any individual, firm, partnership, limited liability company, trust,
association, group (as such term is used in Rule 13d-5 under the Exchange Act, as such Rule is in
effect on the date of this Agreement), corporation or other entity, including any successor (by
merger or otherwise) thereof.

          “Preferred Stock” shall mean the Series Two Participating Preferred Stock, Class A, without
par value, of the Company created by a Certificate of Designation and Terms in substantially the
form set forth in Exhibit B hereto appropriately completed.

          “Qualifying Offer” shall mean an offer determined by a majority of independent directors of
the Company to have, to the extent required for the type of offer specified, each of the following
characteristics:

          (a) a fully financed all-cash tender offer or an exchange offer, offering shares of common
stock of the offeror, or a combination thereof, in each such case for any and all of the
outstanding shares of Common Stock at the same per-share consideration;

          (b) an offer that has commenced within the meaning of Rule 14d-2(a) under the Exchange Act and
is made by an offeror (including Affiliates and/or Associates of such offeror) that Beneficially
Owns no more than 5% of the outstanding Common Stock as of the date of such commencement;

          (c) if the offer includes shares of common stock of the offeror, an offer pursuant to which
the offeror shall permit representatives of the Company, including, without limitation, a
nationally recognized investment banking firm retained by the Board of Directors of the Company,
legal counsel and an accounting firm designated by the Company to have access to

-11-

 

such offeror’s books, records, management, accountants and other appropriate outside advisers for the purposes of
permitting such representatives to conduct a due diligence review of the
offeror in order to allow the Board of Directors of the Company to evaluate the offer and make
an informed recommendation to the stockholders;

          (d) an offer that is subject only to the minimum tender condition described below in item (g)
of this definition and other customary terms and conditions, which conditions shall not include any
financing, funding or similar conditions or any requirements with respect to the offeror or its
agents being permitted any due diligence with respect to the books, records, management,
accountants or any other outside advisers of the Company;

          (e) an offer pursuant to which the Company and its stockholders have received an irrevocable
written commitment of the offeror that the offer will remain open for not less than 120 Business
Days and, if a Special Meeting Demand is duly delivered to the Board of Directors in accordance
with Section 5.1(c), for at least 10 Business Days after the date of the Special Meeting or, if no
Special Meeting is held within the Special Meeting Period (as defined in Section 5.1(c)), for at
least 10 Business Days following the last day of such Special Meeting Period (the “Qualifying Offer
Period”);

          (f) an offer pursuant to which the Company has received an irrevocable written commitment by the
offeror that, in addition to the minimum time periods specified in item (e) of this definition, the
offer, if it is otherwise to expire prior thereto, will be extended for at least 15 Business Days
after (i) any increase in the price offered, or (ii) any bona fide alternative
offer is commenced by another Person within the meaning of Rule 14d-2(a) of the Exchange Act;
provided, however, that such offer need not remain open, as a result of clauses (e)
and (f) of this definition, beyond (1) the time for which any other offer satisfying the criteria
for

-12-

 

a Qualifying Offer is then required to be kept open under such clauses (e) and (f), or (2) the
expiration date, as such date may be extended by public announcement (with prompt written notice to
the Rights Agent) in compliance with Rule 14e-1 of the Exchange Act, of any other tender offer for
the Common Stock with respect to which the Board of Directors has agreed to redeem the Rights
immediately prior to acceptance for payment of Common Stock thereunder (unless such other offer is
terminated prior to its expiration without any Common Stock having been purchased thereunder) or
(3) one Business Day after the stockholder vote with respect to approval of any Definitive
Acquisition Agreement has been officially determined and certified by the inspectors of elections;

          (g) an offer that is conditioned on a minimum of at least a majority of the outstanding shares
of the Common Stock being tendered and not withdrawn as of the offer’s expiration date, which
condition shall not be waivable;

          (h) an offer pursuant to which the Company and its stockholders have received an irrevocable
written commitment by the offeror to consummate as promptly as practicable upon successful
completion of the offer a second step transaction whereby all shares of the Common Stock not
tendered into the offer will be acquired at the same consideration per share actually paid pursuant
to the offer, subject to stockholders’ statutory appraisal rights, if any;

          (i) an offer pursuant to which the Company and its stockholders have received an irrevocable
written commitment of the offeror that no amendments will be made to the offer to reduce the offer
consideration, or otherwise change the terms of the offer in a way that is materially adverse to a
tendering stockholder (other than extensions of the offer consistent with the terms thereof);

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          (j) an offer (other than an offer consisting solely of cash consideration) pursuant to which
the Company has received the written representation and certification of the offeror and, in their
individual capacities, the written representations and certifications of the offeror’s Chief
Executive Officer and Chief Financial Officer, that (i) all facts about the offeror that would be
material to making an investor’s decision to accept the offer have been fully and accurately
disclosed as of the date of the commencement of the offer within the meaning of Rule 14d-2(a) of
the Exchange Act, (ii) all such new facts will be fully and accurately disclosed on a prompt basis
during the entire period during which the offer remains open, and (iii) all required Exchange Act
reports will be filed by the offeror in a timely manner during such period; and

          (k) if the offer includes shares of stock of the offeror, (i) the stock portion of the
consideration must consist solely of common stock of an offeror that is a publicly owned United
States corporation, and whose common stock is freely tradable and is listed on either the NYSE or
the NASDAQ National Market System, (ii) no stockholder approval of the offeror is required to issue
such common stock, or, if required, has already been obtained, (iii) no Person (including such
Person’s Affiliates and Associates) beneficially owns more than 20% of the voting stock of the
offeror at the time of commencement of the offer or at any time during the term of the offer, and
(iv) no other class of voting stock of the offeror is outstanding, and the offeror meets the
registrant eligibility requirements for use of Form S-3 for registering securities under the
Securities Act (as hereinafter defined); including, without limitation, the filing of all required
Exchange Act reports in a timely manner during the 12 calendar months prior to the date of
commencement of the offer.

          For the purposes of the definition of Qualifying Offer, “fully financed” shall mean that the
offeror has sufficient funds for the offer and related expenses which shall be evidenced

-14-

 

by (i) firm, unqualified, written commitments from responsible financial institutions having
the necessary financial capacity, accepted by the offeror, to provide funds for such offer subject
only to customary terms and conditions, (ii) cash or cash equivalents then available to the
offeror, set apart and maintained solely for the purpose of funding the offer with an irrevocable
written commitment being provided by the offeror to the Board of Directors of the Company to
maintain such availability until the offer is consummated or withdrawn, or (iii) a combination of
the foregoing; which evidence has been provided to the Company prior to, or upon, commencement of
the offer. If an offer becomes a Qualifying Offer in accordance with this definition but
subsequently ceases to be a Qualifying Offer as a result of the failure at a later date to continue
to satisfy any of the requirements of this definition, such offer shall cease to be a Qualifying
Offer and the provisions of Section 5.1(c) shall no longer be applicable to such offer.

          “Qualifying Offer Period” shall have the meaning set forth in the definition of Qualifying
Offer.

          “Qualifying Offer Resolution” shall have the meaning set forth in Section 5.1(c).

          “Record Time” shall have the meaning set forth in the Recitals.

          “Redemption Price” shall mean an amount per Right equal to one-tenth of one cent, $0.001.

          “Redemption Time” shall mean the time at which the right to exercise the Rights shall
terminate pursuant to Section 5.1.

          “Right” shall have the meaning set forth in the Recitals.

          “Rights Agent” shall have the meaning set forth in the Preamble.

          “Rights Certificate” shall have the meaning set forth in Section 2.3(c).

          “Rights Register” shall have the meaning set forth in Section 2.7(a).

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          “SEC” shall mean the Securities Exchange Commission.

          “Securities Act” shall mean the Securities Act of 1933, as amended.

          “Separation Time” shall mean the next Business Day following the earlier of (i) the tenth
Business Day (or such later date as the Board of Directors of the Company may from time to time fix
by resolution adopted prior to the Separation Time that otherwise would have occurred) after the
date on which any Person commences a tender or exchange offer that, if consummated, would result in
such Person’s becoming an Acquiring Person and (ii) the date of the first event causing a Flip-in
Date to occur; provided, that if the foregoing results in the Separation Time being prior
to the Payment Time, the Separation Time shall be the Payment Time and provided
further, that if any tender or exchange offer referred to in clause (i) of this paragraph
is cancelled, terminated or otherwise withdrawn prior to the Separation Time without the purchase
of any shares of Common Stock pursuant thereto, such offer shall be deemed, for purposes of this
paragraph, never to have been made.

          “Special Meeting” shall have the meaning set forth in Section 5.1(c).

          “Special Meeting Demand” shall have the meaning set forth in Section 5.1(c).

          “Special Meeting Period” shall have the meaning set forth in Section 5.1(c).

          “Stock Acquisition Date” shall mean the earlier of (i) the first date on which there shall be
a public announcement by the Company (by any means) that a Person has become an Acquiring Person;
or (ii) the date and time on which any Acquiring Person becomes the Beneficial Owner of more than
50% of the outstanding shares of Common Stock.

          “Subsidiary” of any specified Person shall mean any corporation or other entity of which a
majority of the voting power of the equity securities or a majority of the equity or membership
interest is Beneficially Owned, directly or indirectly, by such Person.

-16-

 

          “Successor” shall mean the estate or legal representative of a deceased individual, the
beneficiary of a deceased individual’s estate, a trust created by a deceased individual as grantor,
or the beneficiary of a trust created by a deceased individual as grantor.

          “Trading Day,” when used with respect to any securities, shall mean a day on which the NYSE is
open for the transaction of business or, if such securities are not listed or admitted to trading
on the NYSE, a day on which the principal national securities exchange on which such securities are
listed or admitted to trading is open for the transaction of business or, if such securities are
not listed or admitted to trading on any national securities exchange, a Business Day.

          “Trust” shall have the meaning set forth in Section 3.1(c).

          “Trust Agreement” shall have the meaning set forth in Section 3.1(c).

          “Trading Regulation” shall have the meaning set forth in Section 2.3(c).

ARTICLE II

THE RIGHTS

          2.1 Summary of Rights. As soon as practicable after the Payment Time, the Company
will mail a letter summarizing the terms of the Rights to each holder of record of Common Stock as
of the Payment Time, at such holder’s address as shown by the records of the Company.

          2.2 Legend on Common Stock Certificates. Certificates for the Common Stock issued on
or after the Payment Time but prior to the Separation Time shall evidence one Right for each share
of Common Stock represented thereby and shall have impressed on, printed on, written on or
otherwise affixed to them substantially the following legend:

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Until the Separation Time (as defined in the Rights Agreement referred to below), this
certificate also evidences and entitles the holder hereof to certain Rights as set forth in
a Rights Agreement, dated as of November 5, 2009 (as such may be amended from time to time,
the “Rights Agreement”), between CA, Inc. (the “Company”) and Mellon Investor Services LLC,
as Rights Agent, the terms of which are hereby incorporated herein by reference and a copy
of which is on file at the principal executive offices of the Company. Under certain
circumstances, as set forth in the Rights Agreement, such Rights may be redeemed, may become
exercisable for securities or assets of the Company or securities of another entity, may be
exchanged for shares of Common Stock or other securities or assets of the Company, may
expire, may become null and void (if they are “Beneficially Owned” by an “Acquiring Person”
or an “Affiliate” or “Associate” thereof, as such terms are defined in the Rights Agreement,
or by any transferee of any of the foregoing) or may be evidenced by separate certificates
and may no longer be evidenced by this certificate. The Company will mail or arrange for
the mailing of a copy of the Rights Agreement to the holder of this certificate without
charge after the receipt of a written request therefor.

Certificates representing shares of Common Stock that are issued and outstanding at the Payment
Time shall, together with the letter mailed pursuant to Section 2.1, evidence one Right for each
share of Common Stock evidenced thereby notwithstanding the absence of the foregoing legend.

          If the Common Stock issued after the Payment Time but prior to the Separation Time shall be
uncertificated, the registration of such Common Stock on the stock transfer books of the Company
shall evidence one Right for each share of Common Stock represented thereby and the Company shall
mail to every Person that holds such Common Stock a confirmation of the registration of such Common
Stock on the stock transfer books of the Company, which confirmation will have impressed, printed,
written or stamped thereon or otherwise affixed thereto the above legend. The Company shall mail
or arrange for the mailing of a copy of this Agreement to any Person that holds Common Stock, as
evidenced by the registration of the Common Stock in the name of such Person on the stock transfer
books of the Company, without charge, after the receipt of a written request therefor.

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          2.3 Exercise of Rights; Separation of Rights. (a) Subject to Sections 3.1, 5.1 and
5.10 and subject to adjustment as herein set forth, each Right will entitle the holder thereof, at
or after the Separation Time and prior to the Expiration Time, to purchase, for the Exercise Price,
one one-thousandth of a share of Preferred Stock.

          (b) Until the Separation Time, (i) no Right may be exercised and (ii) each Right will be
evidenced by the certificate for the associated share of Common Stock (or, if the Common Stock
shall be uncertificated, by the registration of the associated Common Stock on the stock transfer
books of the Company and the confirmation thereof provided for in Section 2.2), together, in the
case of certificates issued prior to the Payment Time, with the letter mailed to the record holder
thereof pursuant to Section 2.1, and will be transferable only together with, and will be
transferred by a transfer (whether with or without such letter or confirmation) of, such associated
share.

          (c) Subject to the terms and conditions hereof, at or after the Separation Time and prior to
the Expiration Time, the Rights (i) may be exercised pursuant to Section 2.3(d) below and (ii) may
be transferred independent of shares of Common Stock. Promptly following the Separation Time
(provided that the Board of Directors of the Company has not elected to exchange all of the then
outstanding Rights pursuant to Section 3.1(c)), the Rights Agent, if requested by the Company and
provided with all necessary information, will mail to each holder of record of Common Stock as of
the Separation Time (other than any Person whose Rights have become null and void pursuant to
Section 3.1(b)), at such holder’s address as shown by the records of the Company (the Company
hereby agreeing to furnish copies of such records to the Rights Agent for this purpose) or the
transfer agent or registrar for the Common Stock, (x) a certificate (a “Rights Certificate”) in
substantially the form of Exhibit A hereto appropriately

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completed, representing the number of Rights held by such holder at the Separation Time and
having such marks of identification or designation and such legends, summaries or endorsements
printed thereon as the Company may deem appropriate and as are not inconsistent with the provisions
of this Agreement and as do not affect the rights, liabilities, responsibilities or duties of the
Rights Agent, or as may be required to comply with any law or with any rule or regulation made
pursuant thereto or with any rule or regulation of any national securities exchange or quotation
system on which the Rights may from time to time be listed or traded (“Trading Regulation”), or to
conform to usage, and (y) a disclosure statement describing the Rights; provided, however, that the
Company shall have no obligation to distribute Rights Certificates to any Acquiring Person or
Affiliate or Associate of an Acquiring Person or any transferee of any of the foregoing. Receipt of
a Rights Certificate by any Person shall not preclude a later determination that such Rights are
null and void pursuant to Section 3.1(b).

          (d) Subject to the terms and conditions hereof, Rights may be exercised on any Business Day at
or after the Separation Time and prior to the Expiration Time by submitting to the Rights Agent the
Rights Certificate evidencing such Rights with an Election to Exercise (an “Election to Exercise”)
substantially in the form attached to the Rights Certificate duly executed and properly completed,
accompanied by payment in cash, or by certified or official bank check or money order payable to
the order of the Company, of a sum equal to the Exercise Price multiplied by the number of Rights
being exercised and a sum sufficient to cover any tax or charge which may be payable in respect of
any transfer involved in the transfer or delivery of Rights Certificates or the issuance or
delivery of certificates (or, if uncertificated, the registration on the stock transfer books of
the Company) for shares or depositary receipts (or both) in a name other than that of the holder of
the Rights being exercised.

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          (e) Upon receipt of a Rights Certificate, with a properly completed and duly executed Election
to Exercise accompanied by payment as set forth in Section 2.3(d), and subject to the terms and
conditions hereof, the Rights Agent will thereupon promptly (i)(A) requisition from any transfer
agent stock certificates evidencing such number of shares or other securities to be purchased or,
in the case of uncertificated shares or other securities, requisition from any transfer agent a
notice setting forth such number of shares or other securities to be purchased for which
registration will be made on the stock transfer books of the Company (the Company hereby
irrevocably authorizing each such transfer agent to comply with all such requisitions), and (B) if
the Company elects pursuant to Section 5.5 not to issue certificates (or effect registrations on
the stock transfer books of the Company) representing fractional shares, requisition from the
depositary selected by the Company depositary receipts representing the fractional shares to be
purchased (the Company hereby irrevocably authorizes each such depositary agent to comply with such
requisitions); (ii) when necessary to comply with this Agreement, requisition from the Company the
amount of cash to be paid in lieu of fractional shares in accordance with Section 5.5; (iii) after
receipt of such certificates, depositary receipts and/or notices, cause the same to be delivered to
or upon the order of the registered holder of such Rights Certificate, registered in such name or
names as may be designated by such holder; and (iv) when necessary to comply with this Rights
Agreement, after receipt, promptly deliver such cash to or upon the order of the registered holder
of such Rights Certificate.

          (f) In case the holder of any Rights shall exercise less than all the Rights evidenced by such
holder’s Rights Certificate, a new Rights Certificate evidencing the Rights remaining unexercised
will be issued by the Rights Agent to such holder or to such holder’s duly authorized assigns.

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          (g) The Company covenants and agrees that it will (i) take all such action as may be necessary
to ensure that all shares delivered (or evidenced by registration on the stock transfer books of
the Company) upon exercise of Rights shall, at the time of delivery of the certificates (or
registration) for such shares (subject to payment of the Exercise Price), be duly and validly
authorized, executed, issued and delivered (or registered) and fully paid and nonassessable; (ii)
take all such action as may be necessary to comply with any applicable requirements of the
Securities Act and the Exchange Act, and the rules and regulations thereunder, and any other
applicable law, rule or regulation, in connection with the issuance of any shares upon exercise of
Rights; and (iii) pay when due and payable any and all federal and state taxes and charges which
may be payable in respect of the original issuance or delivery of the Rights Certificates or of any
shares issued upon the exercise of Rights, provided, that the Company shall not be required
to pay any tax or charge which may be payable in respect of any transfer involved in the transfer
or delivery of Rights Certificates or the issuance or delivery of certificates (or the
registration) for shares in a name other than that of the holder of the Rights being transferred or
exercised.

          (h) Notwithstanding anything in this Agreement to the contrary, neither the Rights Agent nor
the Company shall be obligated to undertake any action with respect to the exercise or assignment
of a Rights Certificate unless the registered holder of such Rights Certificate shall have (i)
properly completed and duly signed the certificate following the form of assignment or the form of
election to exercise, as applicable, set forth on the reverse side of the Rights Certificate
surrendered for such exercise or assignment, (ii) provided such additional evidence of the identity
of the Beneficial Owner (or former Beneficial Owner) thereof and of the rights evidenced thereby,
and the Affiliates and Associates of such Beneficial Owner or former

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Beneficial Owner, as the Company or the Rights Agent may reasonably request and (iii) paid a
sum sufficient to cover any tax or charge that may be imposed in connection with any transfer,
split up, combination or exchange of Right Certificates as required under Section 2.3(d) hereof.

          2.4 Adjustments to Exercise Price; Number of Rights. (a) In the event the Company
shall at any time after the Record Time and prior to the Separation Time (i) declare or pay a
dividend on Common Stock payable in Common Stock, (ii) subdivide the outstanding Common Stock or
(iii) combine the outstanding Common Stock into a smaller number of shares of Common Stock, (x) the
Exercise Price in effect after such adjustment will be equal to the Exercise Price in effect
immediately prior to such adjustment divided by the number of shares of Common Stock including any
fractional shares in lieu of which such holder received cash (the “Expansion Factor”) that a holder
of one share of Common Stock immediately prior to such dividend, subdivision or combination would
hold thereafter as a result thereof and (y) each Right held prior to such adjustment will become
that number of Rights equal to the Expansion Factor, and the adjusted number of Rights will be
deemed to be distributed among the shares of Common Stock with respect to which the original Rights
were associated (if they remain outstanding) and the shares issued in respect of such dividend,
subdivision or combination, so that each such share of Common Stock will have exactly one Right
associated with it. Each adjustment made pursuant to this paragraph shall be made as of the
payment or effective date for the applicable dividend, subdivision or combination.

          In the event the Company shall at any time after the Record Time and prior to the Separation
Time issue any shares of Common Stock otherwise than in a transaction referred to in the preceding
paragraph, each such share of Common Stock so issued shall automatically have one new Right
associated with it, which Right shall be evidenced by the certificate representing

-23-

 

such share (or, if the Common Stock shall be uncertificated, such Right shall be evidenced by
the registration of such Common Stock on the stock transfer books of the Company and the
confirmation thereof provided for in Section 2.2). Rights shall be issued by the Company in
respect of shares of Common Stock that are issued or sold by the Company after the Separation Time
only to the extent provided in Section 5.3.

          (b) In the event the Company shall at any time after the Record Time and prior to the
Separation Time issue or distribute any securities or assets in respect of, in lieu of or in
exchange for Common Stock (other than pursuant to any non-extraordinary periodic cash dividend or a
dividend paid solely in Common Stock) whether by dividend, in a reclassification or
recapitalization (including any such transaction involving a merger, consolidation or statutory
share exchange), or otherwise, the Company shall make such adjustments, if any, in the Exercise
Price, number of Rights and/or securities or other property purchasable upon exercise of Rights as
the Board of Directors of the Company, in its sole discretion, may deem to be appropriate under the
circumstances in order to adequately protect the interests of the holders of Rights generally, and
the Company and the Rights Agent shall amend this Agreement as necessary to provide for such
adjustments.

          (c) Each adjustment to the Exercise Price made pursuant to this Section 2.4 shall be
calculated to the nearest cent. Whenever an adjustment to the Exercise Price is made pursuant to
this Section 2.4, the Company shall (i) promptly prepare a certificate setting forth such
adjustment and a brief statement of the facts accounting for such adjustment and (ii) promptly file
with the Rights Agent and with each transfer agent for the Common Stock a copy of such certificate.
The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment
or statement therein contained and shall have no duty or liability with

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respect to, and shall not be deemed to have knowledge of, any adjustment or any such event
unless and until it shall have received such a certificate.

          (d) Rights Certificates shall represent the right to purchase the securities purchasable under
the terms of this Agreement, including any adjustment or change in the securities purchasable upon
exercise of the Rights, even though such certificates may continue to express the securities
purchasable at the time of issuance of the initial Rights Certificates.

          2.5 Date on Which Exercise is Effective. Each Person in whose name any certificate
for shares is issued (or registration on the stock transfer books is effected) upon the exercise of
Rights shall for all purposes be deemed to have become the holder of record of the shares
represented thereby on the date upon which the Rights Certificate evidencing such Rights was duly
surrendered and payment of the Exercise Price for such Rights (and any applicable taxes and other
governmental charges payable by the exercising holder hereunder) was made; provided,
however, that if the date of such surrender and payment is a date upon which the stock
transfer books of the Company are closed, such Person shall be deemed to have become the record
holder of such shares on, and such certificate (or registration) shall be dated, the next
succeeding Business Day on which the stock transfer books of the Company are open.

          2.6 Execution, Authentication, Delivery and Dating of Rights Certificates. (a) The
Rights Certificates shall be executed on behalf of the Company by its Chairman of the Board,
President or one of its Vice Presidents, under its corporate seal reproduced thereon attested by
its Secretary or one of its Assistant Secretaries. The signature of any of these officers on the
Rights Certificates may be manual or facsimile.

          Rights Certificates bearing the manual or facsimile signatures of individuals who were at any
time the proper officers of the Company shall bind the Company, notwithstanding

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that such individuals or any of them have ceased to hold such offices prior to the
countersignature and delivery of such Rights Certificates.

          Promptly after the Separation Time, the Company will notify in writing the Rights Agent of
such Separation Time (and if such notification is given orally, the Company shall confirm same in
writing on or prior to the Business Day next following) and will deliver Rights Certificates
executed by the Company to the Rights Agent for counter-signature, and, subject to Sections 3.1(b)
and 2.3(c), the Rights Agent shall manually or by facsimile countersign and deliver such Rights
Certificates to the holders of the Rights pursuant to Section 2.3(c). Until the written notice
provided for in this Section 2.6 is received by the Rights Agent, the Rights Agent may presume
conclusively for all purposes that the Separation Time has not occurred. No Rights Certificate
shall be valid for any purpose unless manually or by facsimile countersigned by the Rights Agent.

          (b) Each Rights Certificate shall be dated the date of countersignature thereof.

          2.7 Registration, Registration of Transfer and Exchange. (a) After the Separation
Time, the Company will cause to be kept a register (the “Rights Register”) in which, subject to
such reasonable regulations as it may prescribe, the Company will provide for the registration and
transfer of Rights. The Rights Agent is hereby appointed “Rights Registrar” for the purpose of
maintaining the Rights Register for the Company and registering Rights and transfers of Rights
after the Separation Time as herein provided. In the event that the Rights Agent shall cease to be
the Rights Registrar, the Rights Agent will have the right to examine the Rights Register at all
reasonable times after the Separation Time.

          After the Separation Time and prior to the Expiration Time, upon surrender for registration of
transfer or exchange of any Rights Certificate, and subject to the provisions of

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Sections 2.7(c) and (d), the Company will execute, and the Rights Agent will countersign and,
if requested by the Company and provided with all necessary information, deliver, in the name of
the holder or the designated transferee or transferees, as required pursuant to the holder’s
instructions, one or more new Rights Certificates evidencing the same aggregate number of Rights as
did the Rights Certificate so surrendered.

          (b) Except as otherwise provided in Section 3.1(b), all Rights issued upon any registration of
transfer or exchange of Rights Certificates shall be the valid obligations of the Company, and such
Rights shall be entitled to the same benefits under this Agreement as the Rights surrendered upon
such registration of transfer or exchange.

          (c) Every Rights Certificate surrendered for registration of transfer or exchange shall be
duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company or the Rights Agent, as the case may be, duly executed by the holder thereof or such
holder’s attorney duly authorized in writing. As a condition to the issuance of any new Rights
Certificate under this Section 2.7, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation thereto.

          (d) The Company shall not register the transfer or exchange of any Rights which have become
null and void under Section 3.1(b), been exchanged under Section 3.1(c) or been redeemed under
Section 5.1.

          2.8 Mutilated, Destroyed, Lost and Stolen Rights Certificates. (a) If any mutilated
Rights Certificate is surrendered to the Rights Agent prior to the Expiration Time, then, subject
to Sections 3.1(b), 3.1(c) and 5.1, the Company shall execute and the Rights Agent

-27-

 

shall countersign and deliver in exchange therefor a new Rights Certificate evidencing the
same number of Rights as did the Rights Certificate so surrendered.

          (b) If there shall be delivered to the Company and the Rights Agent prior to the Expiration
Time (i) evidence to their satisfaction of the destruction, loss or theft of any Rights Certificate
and (ii) such security or indemnity as may be required by them to save each of them and any of
their agents harmless, then, subject to Sections 3.1(b), 3.1(c) and 5.1 and in the absence of
written notice to the Company or the Rights Agent that such Rights Certificate has been acquired by
a bona fide purchaser, the Company shall execute and upon its written request the
Rights Agent shall countersign and, if requested by the Company and provided with all necessary
information, deliver, in lieu of any such destroyed, lost or stolen Rights Certificate, a new
Rights Certificate evidencing the same number of Rights as did the Rights Certificate so destroyed,
lost or stolen.

          (c) As a condition to the issuance of any new Rights Certificate under this Section 2.8, the
Company may require the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Rights Agent) connected therewith. The Rights Agent shall have no duty or obligation to take
any action under any Section of this Agreement which requires the payment by a Rights holder of
applicable taxes and/or governmental charges unless and until it is satisfied that all such taxes
and/or governmental charges have been paid.

          (d) Every new Rights Certificate issued pursuant to this Section 2.8 in lieu of any destroyed,
lost or stolen Rights Certificate shall evidence an original additional contractual obligation of
the Company, whether or not the destroyed, lost or stolen Rights Certificate shall be at any time
enforceable by anyone, and, subject to Section 3.1(b), shall be entitled to all the

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benefits of this Agreement equally and proportionately with any and all other Rights duly
issued hereunder.

          2.9 Persons Deemed Owners. Prior to due presentment of a Rights Certificate (or,
prior to the Separation Time, the associated Common Stock certificate or notice of transfer, if
uncertificated) for registration of transfer, the Company, the Rights Agent and any agent of the
Company or the Rights Agent may deem and treat the Person in whose name such Rights Certificate
(or, prior to the Separation Time, such Common Stock certificate or Common Stock registration, if
uncertificated) is registered as the absolute owner thereof and of the Rights evidenced thereby for
all purposes whatsoever, including the payment of the Redemption Price, and neither the Company nor
the Rights Agent shall be affected by any notice to the contrary. As used in this Agreement,
unless the context otherwise requires, the term “holder” of any Rights shall mean the registered
holder of such Rights (or, prior to the Separation Time, the associated shares of Common Stock).

          2.10 Delivery and Cancellation of Certificates. All Rights Certificates surrendered
upon exercise or for registration of transfer or exchange shall, if surrendered to any Person other
than the Rights Agent, be delivered to the Rights Agent and, in any case, shall be promptly
cancelled by the Rights Agent. The Company may at any time deliver to the Rights Agent for
cancellation any Rights Certificates previously countersigned and delivered hereunder which the
Company may have acquired in any manner whatsoever, and all Rights Certificates so delivered shall
be promptly cancelled by the Rights Agent. No Rights Certificates shall be countersigned in lieu
of or in exchange for any Rights Certificates cancelled as provided in this Section 2.10, except as
expressly permitted by this Agreement. The Rights Agent shall destroy

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all cancelled Rights Certificates and deliver to the Company a certificate attesting to such
destruction.

          2.11 Agreement of Rights Holders. Every holder of Rights by accepting the Rights,
consents and agrees with the Company and the Rights Agent and with every other holder of Rights
that:

          (a) prior to the Separation Time, each Right will be transferable only together with, and will
be transferred by a transfer of, the associated share of Common Stock;

          (b) after the Separation Time, the Rights Certificates will be transferable only on the Rights
Register as provided herein;

          (c) prior to due presentment of a Rights Certificate (or, prior to the Separation Time, the
associated Common Stock certificate or Common Stock registration, if uncertificated) for
registration of transfer, the Company, the Rights Agent and any agent of the Company or the Rights
Agent may deem and treat the Person in whose name the Rights Certificate (or, prior to the
Separation Time, the associated Common Stock certificate or Common Stock registration, if
uncertificated) is registered as the absolute owner thereof and of the Rights evidenced thereby for
all purposes whatsoever, and neither the Company nor the Rights Agent shall be affected by any
notice to the contrary;

          (d) Rights Beneficially Owned by certain Persons will, under the circumstances set forth in
Section 3.1(b), become null and void;

          (e) this Agreement may be supplemented or amended from time to time in accordance with its
terms; and

          (f) the power and authority delegated to the Board of Directors pursuant to this Agreement
shall be exclusive and shall be as set forth in Section 5.14.

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ARTICLE III

ADJUSTMENTS TO THE RIGHTS IN

THE EVENT OF CERTAIN TRANSACTIONS

          3.1 Flip-in. (a) In the event that prior to the Expiration Time a Flip-in Date shall
occur, except as otherwise provided in this Section 3.1, each Right shall constitute the right to
purchase from the Company, upon exercise thereof in accordance with the terms hereof (but subject
to Section 5.10), that number of shares of Common Stock having an aggregate Market Price on the
Stock Acquisition Date that gave rise to the Flip-in Date equal to twice the Exercise Price for an
amount in cash equal to the Exercise Price (such right to be appropriately adjusted in order to
protect the interests of the holders of Rights generally in the event that on or after such Stock
Acquisition Date any of the events described in Section 2.4(a) or (b), or any analogous event,
shall have occurred with respect to the Common Stock).

          (b) Notwithstanding the foregoing, any Rights that are or were Beneficially Owned on or after
the Stock Acquisition Date by an Acquiring Person or an Affiliate or Associate thereof, or by any
transferee, direct or indirect, of any of the foregoing shall become null and void and any holder
of such Rights (including transferees, whether direct or indirect, of any such Persons) shall
thereafter have no right to exercise or transfer such Rights under any provision of this Agreement.
If any Rights Certificate is presented for assignment or exercise and the Person presenting the
same will not complete the certification set forth at the end of the form of assignment or notice
of election to exercise or, if requested, will not provide such additional evidence, including
without limitation, the identity of the Beneficial Owner and their Affiliates and Associates (or
former Beneficial Owners and their Affiliates and Associates) as the Company or the Board of
Directors of the Company shall reasonably request in order to

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determine if such Rights are null and void, then the Company shall be entitled conclusively to
deem the Rights to be Beneficial Owned by an Acquiring Person or an Affiliate or Associate thereof
or a transferee of any of the foregoing and accordingly will deem the Rights evidenced thereby to
be null and void and not transferable, exercisable or exchangeable.

          (c) The Board of Directors of the Company may, at its option, at any time after a Flip-in Date
and prior to the time that an Acquiring Person becomes the Beneficial Owner of more than 50% of the
outstanding shares of Common Stock, elect to exchange all (but not less than all) the then
outstanding Rights (which shall not include Rights that have become null and void pursuant to the
provisions of Section 3.1(b)) for shares of Common Stock at an exchange ratio of one share of
Common Stock per Right, appropriately adjusted in order to protect the interests of holders of
Rights generally in the event that after the Separation Time any of the events described in Section
2.4(a) or (b), or any analogous event, shall have occurred with respect to the Common Stock (such
exchange ratio, as adjusted from time to time, being hereinafter referred to as the “Exchange
Ratio”).

          Immediately upon the action of the Board of Directors of the Company electing to exchange the
Rights, without any further action and without any notice, the right to exercise the Rights will
terminate and each Right (other than Rights that have become null and void pursuant to Section
3.1(b)), whether or not previously exercised, will thereafter represent only the right to receive a
number of shares of Common Stock equal to the Exchange Ratio. The exchange of the Rights by the
Board of Directors may be made effective at such time, on such basis and with such conditions as
the Board of Directors in its sole discretion may establish. Promptly after the action of the Board
of Directors electing to exchange the Rights, the Company shall give written notice thereof
(specifying the steps to be taken to receive shares of Common Stock in exchange

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for Rights) to the Rights Agent and the holders of the Rights (other than Rights that have
become null and void pursuant to Section 3.1(b)) outstanding immediately prior thereto by mailing
such notice in accordance with Section 5.9.

          Before effecting an exchange pursuant to this Section 3.1(c), the Board of Directors may
direct the Company to enter into a Trust Agreement in such form and with such terms as the Board of
Directors shall then approve (the “Trust Agreement”). If the Board of Directors so directs, the
Company shall enter into the Trust Agreement and shall issue to the trust created by such agreement
(the “Trust”) all or some (as designated by the Board of Directors) of the shares of Common Stock
(or other securities) issuable pursuant to the exchange, and all holders of Rights entitled to
receive shares pursuant to the exchange shall be entitled to receive such shares (and any dividends
paid or distributions made thereon after the date on which such shares are deposited in the Trust)
only from the Trust and solely upon compliance with the relevant terms and provisions of the Trust
Agreement. Prior to effecting an exchange and registering shares of Common Stock (or other such
securities) in any Person’s name, including any nominee or transferee of a Person, the Company may
require (or cause the trustee of the Trust to require), as a condition thereof, that any holder of
Rights provide evidence, including, without limitation, the identity of the Beneficial Owners
thereof and their Affiliates and Associates (or former Beneficial Owners thereof and their
Affiliates and Associates) as the Company or the Board of Directors of the Company shall reasonably
request in order to determine if such Rights are null and void. If any Person shall fail to comply
with such request, the Company shall be entitled conclusively to deem the Rights formerly held by
such Person to be null and void pursuant to Section 3.1(b) and not transferable or exerciseable or
exchangeable in connection herewith. Any shares of Common Stock or other securities issued at the
direction

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of the Board in connection herewith shall be validly issued, fully paid and nonassessable
shares of Common Stock or of such other securities (as the case may be), and the Company shall be
deemed to have received as consideration for such issuance a benefit having a value that is at
least equal to the aggregate par value of the shares so issued.

          Each Person in whose name any certificate for shares is issued (or for whom any registration
on the stock transfer books of the Company is made) upon the exchange of Rights pursuant to this
Section 3.1(c) or Section 3.1(d) shall for all purposes be deemed to have become the holder of
record of the shares represented thereby on, and such certificate (or registration on the stock
transfer books of the Company) shall be dated (or registered as of), the date upon which the Rights
Certificate evidencing such Rights was duly exchanged or deemed exchanged by the Company and
payment of any applicable taxes and other governmental charges payable by the holder was made;
provided, however, that if the date of such exchange and payment is a date upon
which the stock transfer books of the Company are closed, such Person shall be deemed to have
become the record holder of such shares on, and such certificate (or registration on the stock
transfer books of the Company) shall be dated (or registered as of), the next succeeding Business
Day on which the stock transfer books of the Company are open.

          (d) Whenever the Company shall become obligated under Section 3.1(a) or (c) to issue shares
of Common Stock upon exercise of or in exchange for Rights, the Company, as determined by the Board
of Directors of the Company, may substitute therefor shares of Preferred Stock, at a ratio of one
one-thousandth of a share of Preferred Stock for each share of Common Stock so issuable, subject to
adjustment.

          (e) In the event that there shall not be sufficient treasury shares or authorized but
unissued shares of Common Stock or Preferred Stock of the Company to permit the exercise in

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full of the Rights in accordance with Section 3.1(a) or if the Company so elects to make the
exchange referred to in Section 3.1(c), to permit the issuance of all shares pursuant to the
exchange, the Company shall either (i) call a meeting of stockholders seeking approval to cause
sufficient additional shares to be authorized (provided that if such approval is not
obtained the Company will take the action specified in clause (ii) of this sentence) or (ii) take
such action as shall be necessary to ensure and provide, as and when and to the maximum extent
permitted by applicable law and any agreements or instruments in effect on the Stock Acquisition
Date (and remaining in effect) to which it is a party, that each Right shall thereafter constitute
the right to receive, (x) in the case of any exercise in accordance with Section 3.1(a), at the
Company’s option as determined by the Board of Directors, either in return for the Exercise Price,
debt or equity securities or other assets (or a combination thereof) having a fair value equal to
twice the Exercise Price, or without payment of consideration (except as may be required for the
valid issuance of securities or otherwise required by applicable law), debt or equity securities or
other assets (or a combination thereof) having a fair value equal to the Exercise Price, or (y) in
the case of an exchange of Rights in accordance with Section 3.1(c), debt or equity securities or
other assets (or a combination thereof) having a fair value equal to the product of the Market
Price of a share of Common Stock on the Flip-in Date times the Exchange Ratio in effect on the
Flip-in Date, where in any case set forth in (x) or (y) above the fair value of such debt or equity
securities or other assets (or a combination thereof) shall be as determined in good faith by the
Board of Directors of the Company, after consultation with a nationally recognized investment
banking firm.

          3.2 Flip-over. (a) Prior to the Expiration Time, the Company shall not enter into
any agreement with respect to, consummate or permit to occur any Flip-over Transaction or

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Event unless and until it shall have entered into a supplemental agreement with the Flip-over
Entity, for the benefit of the holders of the Rights (the terms of which shall be reflected in an
amendment to this Agreement entered into with the Rights Agent), providing that, upon consummation
or occurrence of the Flip-over Transaction or Event (1) each Right shall thereafter constitute the
right to purchase from the Flip-over Entity, upon exercise thereof in accordance with the terms
hereof, that number of shares of Flip-over Stock of the Flip-over Entity having an aggregate Market
Price on the date of consummation or occurrence of such Flip-over Transaction or Event equal to
twice the Exercise Price for an amount in cash equal to the Exercise Price (such right to be
appropriately adjusted in order to protect the interests of the holders of Rights generally in the
event that after such date of consummation or occurrence any of the events described in Section
2.4(a) or (b), or any analogous event, shall have occurred with respect to the Flip-over Stock) and
(2) the Flip-over Entity shall thereafter be liable for, and shall assume, by virtue of such
Flip-over Transaction or Event and such supplemental agreement, all the obligations and duties of
the Company pursuant to this Agreement.

          (b) Prior to the Expiration Time, unless the Rights will be redeemed pursuant to Section 5.1
pursuant to an agreement entered into by the Company prior to a Flip-in Date, the Company shall not
enter into any agreement with respect to, consummate or permit to occur any Flip-over Transaction
or Event if (i) at the time thereof there are any rights, warrants or securities outstanding or any
other arrangements, agreements or instruments that would eliminate or otherwise diminish in any
material respect the benefits intended to be afforded by this Rights Agreement to the holders of
Rights upon consummation of such transaction, (ii) prior to, simultaneously with or immediately
after such Flip-over Transaction or Event, the stockholders of the Person who constitutes, or would
constitute, the Flip-over Entity shall have received a

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distribution of Rights previously owned by such Person or any of its Affiliates or Associates,
or (iii) the form or nature of organization of the Flip-over Entity would preclude or limit the
exercisability of the Rights.

          (c) The provisions of this Section 3.2 shall apply to successive Flip-over Transactions or
Events.

ARTICLE IV

THE RIGHTS AGENT

          4.1 General. (a) The Company hereby appoints the Rights Agent to act as agent for
the Company in accordance with the terms and conditions hereof, and the Rights Agent hereby accepts
such appointment. The Company agrees to pay to the Rights Agent reasonable compensation for all
services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its
reasonable expenses and counsel fees and disbursements, and other disbursements incurred in the
preparation, negotiation, delivery, amendment, administration and execution of this Agreement and
the exercise and performance of its duties hereunder. The Company also agrees to indemnify the
Rights Agent for, and to hold it harmless against, any loss, liability, damage, judgment, fine,
penalty, claim, demand, settlement, cost or expense (including, without limitation, the reasonable
fees and expenses of legal counsel), incurred without gross negligence, bad faith or willful
misconduct on the part of the Rights Agent (which gross negligence, bad faith or willful misconduct
must be determined by a final, non-appealable order, judgment, decree or ruling of a court of
competent jurisdiction), for any action taken, suffered or omitted to be taken by the Rights Agent
in connection with the acceptance, administration, exercise and performance of its duties under
this Agreement. The costs and expenses incurred in enforcing this right of indemnification shall
be paid by the Company. The

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provisions of this Section 4.1 and Section 4.3 below shall survive the termination of this
Agreement, the exercise or expiration of the Rights and the resignation, replacement or removal of
the Rights Agent.

          (b) The Rights Agent shall be authorized and protected and shall incur no liability for or in
respect of any action taken, suffered or omitted to be taken by it in connection with its
acceptance and administration of this Agreement or the exercise and performance of its duties
hereunder in reliance upon any certificate for securities (or registration on the stock transfer
books of the Company) purchasable upon exercise of Rights, Rights Certificate, certificate for
other securities of the Company, instrument of assignment or transfer, power of attorney,
endorsement, affidavit, letter, notice, direction, consent, certificate, statement, or other paper
or document believed by it to be genuine and to be signed, executed and, where necessary, verified
or acknowledged, by the proper Person or Persons, or otherwise upon the advice of counsel as set
forth herein. The Rights Agent shall not be deemed to have knowledge of any event of which it was
supposed to receive notice thereof hereunder, and the Rights Agent shall be fully protected and
shall incur no liability for failing to take any action in connection therewith, unless and until
it has received such notice.

          4.2 Merger, Consolidation or Change of Name of Rights Agent. (a) Any Person into
which the Rights Agent or any successor Rights Agent may be merged or with which it may be
consolidated, or any Person resulting from any merger or consolidation to which the Rights Agent or
any successor Rights Agent is a party, or any Person succeeding to the shareholder services
business of the Rights Agent or any successor Rights Agent, will be the successor to the Rights
Agent under this Agreement without the execution or filing of any paper or any further act on the
part of any of the parties hereto, provided that such Person would be

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eligible for appointment as a successor Rights Agent under the provisions of Section 4.4. In
case at the time such successor Rights Agent succeeds to the agency created by this Agreement any
of the Rights Certificates have been countersigned but not delivered, any such successor Rights
Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Rights
Certificates so countersigned; and in case at that time any of the Rights Certificates have not
been countersigned, any successor Rights Agent may countersign such Rights Certificates either in
the name of the predecessor Rights Agent or in the name of the successor Rights Agent; and in all
such cases such Rights Certificates will have the full force provided in the Rights Certificates
and in this Agreement.

          (b) In case at any time the name of the Rights Agent is changed and at such time any of the
Rights Certificates shall have been countersigned but not delivered, the Rights Agent may adopt the
countersignature under its prior name and deliver Rights Certificates so countersigned; and in case
at that time any of the Rights Certificates shall not have been countersigned, the Rights Agent may
countersign such Rights Certificates either in its prior name or in its changed name; and in all
such cases such Rights Certificates shall have the full force provided in the Rights Certificates
and in this Agreement.

          4.3 Duties of Rights Agent. The Rights Agent undertakes to perform only the duties
and obligations expressly imposed by this Agreement (and no implied duties) upon the following
terms and conditions, by all of which the Company and the holders of Rights Certificates, by their
acceptance thereof, shall be bound:

          (a) The Rights Agent may consult with legal counsel (who may be legal counsel for the Company
or an employee of the Rights Agent), and the advice or opinion of such counsel will be full and
complete authorization and protection to the Rights Agent and the Rights

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Agent shall incur no liability for or in respect of any action taken, suffered or omitted to
be taken by it in accordance with such advice or opinion, unless the Rights Agent is grossly
negligent, acting in bad faith or committing willful misconduct (which gross negligence, bad faith
or willful misconduct must be determined by a final, non-appealable order, judgment, decree or
ruling of a court of competent jurisdiction).

          (b) Whenever in the performance of its duties under this Agreement the Rights Agent deems it
necessary or desirable that any fact or matter (including without limitation, the identity of an
Acquiring Person and the determination of the current per share market price of any security) be
proved or established by the Company prior to taking, suffering or omitting to take any action
hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically
prescribed) may be deemed to be conclusively proved and established by a certificate signed by a
person believed by the Rights Agent to be the Chairman of the Board, the President or any Vice
President and by the Secretary or any Assistant Secretary or the Treasurer or Assistant Treasurer
of the Company and delivered to the Rights Agent; and such certificate will be full and complete
authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for
any action taken, suffered or omitted to be taken by it under the provisions of this Agreement in
reliance upon such certificate, unless the Rights Agent is grossly negligent, acting in bad faith
or committing willful misconduct (which gross negligence, bad faith or willful misconduct must be
determined by a final, non-appealable order, judgment, decree or ruling of a court of competent
jurisdiction).

          (c) The Rights Agent will be liable hereunder to the Company and any other Person only for its
own gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful
misconduct must be determined by a final, non-appealable order,

-40-

 

judgment, decree or ruling of a court of competent jurisdiction). Anything to the contrary
notwithstanding, in no event shall the Rights Agent be liable for special, punitive, indirect,
consequential or incidental loss or damage of any kind whatsoever (including, but not limited to,
lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage.
Any and all liability of the Rights Agent under this Agreement will be limited to the amount of
annual fees paid by the Company to the Rights Agent pursuant to this Agreement.

          (d) The Rights Agent will not be liable for or by reason of any of the statements of fact or
recitals contained in this Agreement or in the certificates, if any, for securities purchasable
upon exercise of Rights or the Rights Certificates (except its countersignature thereof) or be
required to verify the same, but all such statements and recitals are and will be deemed to have
been made by the Company only.

          (e) The Rights Agent will not have any liability for or be under any responsibility in respect
of the validity of this Agreement or the execution and delivery hereof (except the due
authorization, execution and delivery hereof by the Rights Agent) or in respect of the validity or
execution of any certificate, if any, for securities purchasable upon exercise of Rights or Rights
Certificate (except its countersignature thereof); nor will it be responsible for any breach by the
Company of any covenant or condition contained in this Agreement or in any Rights Certificate; nor
will it be responsible for any change in the exercisability or exchangeability of the Rights
(including the Rights becoming null and void pursuant to Section 3.1(b)) or any change or
adjustment in the terms of the Rights (including any adjustment required under the provisions of
Section 2.4, 3.1 or 3.2) or responsible for the manner, method or amount of any such adjustment or
the ascertaining of the existence of facts that would require any such adjustment (except with
respect to the exercise of Rights after receipt of the certificate

-41-

 

contemplated by Section 2.4 describing any such adjustment, upon which the Rights Agent may
rely); nor will it by any act hereunder be deemed to make any representation or warranty as to the
authorization or reservation of any securities purchasable upon exercise of Rights or any Rights
Certificate or as to whether any securities purchasable upon exercise of Rights will, when issued,
be duly and validly authorized, executed, issued and delivered and fully paid and nonassessable.

          (f) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be
performed, executed, acknowledged and delivered all such further and other acts, instruments and
assurances as may reasonably be required by the Rights Agent for the carrying out or performing by
the Rights Agent of the provisions of this Agreement.

          (g) The Rights Agent is hereby authorized and directed to accept advice or written
instructions with respect to the performance of its duties hereunder from any person believed by
the Rights Agent to be the Chairman of the Board, the President or any Vice President or the
Secretary or any Assistant Secretary or the Treasurer or any Assistant Treasurer of the Company,
and to apply to such persons for advice or instructions in connection with its duties, and such
instructions shall be full authorization and protection to the Rights Agent and the Rights Agent
shall not be liable for or in respect of any action taken, suffered or omitted to be taken by it in
accordance with instructions of any such person or for any delay while acting or while waiting for
those instructions, unless the Rights Agent is grossly negligent, acting in bad faith or committing
willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a
final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction). The
Rights Agent shall be fully authorized and protected in relying upon the most recent instructions
received by any such person. In the event the Rights Agent

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believes any ambiguity or uncertainty exists hereunder or in any notice, instruction,
direction, request or other communication, paper or document received by the Rights Agent
hereunder, the Rights Agent, may, in its sole discretion, refrain from taking any action, and shall
be fully protected and shall not be liable in any way to the Company or any other person or entity
for refraining from taking such action, if the Rights Agent shall have notified the Company
promptly of such belief in writing, and unless the Rights Agent shall receive written instructions
executed by a person authorized under this Section 4.3(g), which eliminates such ambiguity or
uncertainty to the satisfaction of the Rights Agent, provided, that the Rights Agent is not grossly
negligent, acting in bad faith or committing willful misconduct (which gross negligence, bad faith
or willful misconduct must be determined by a final, non-appealable order, judgment, decree or
ruling of a court of competent jurisdiction).

          (h) The Rights Agent and any stockholder, Affiliate, director, officer or employee of the
Rights Agent (in each case, other than an Acquiring Person) may buy, sell or deal in Common Stock,
Rights or other securities of the Company or become pecuniarily interested in any transaction in
which the Company may be interested, or contract with or lend money to the Company or otherwise act
as fully and freely as though it were not Rights Agent under this Agreement. Nothing herein shall
preclude the Rights Agent or any such stockholder, affiliate, director, officer or employee from
acting in any other capacity for the Company or for any other legal Person.

          (i) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it
or perform any duty hereunder either itself (through directors, officers and employees) or by or
through its attorneys or agents, and the Rights Agent will not be answerable or accountable for any
act, default, neglect or misconduct of any such attorneys or agents or for

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any loss to the Company or any other Person resulting from any such act, default, neglect or
misconduct, absent gross negligence, bad faith or willful misconduct in the selection and continued
employment thereof (which gross negligence, bad faith or willful misconduct must be determined by a
final, non-appealable order, judgment, decree or ruling of a court of competent jurisdiction).

          (j) No provision of this Agreement shall require the Rights Agent to expend its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder or in the
exercise of its rights if it believes that repayment of such funds or adequate indemnification
against such risk or liability is not assured to it.

          (k) If, with respect to any Rights Certificate surrendered to the Rights Agent for exercise or
transfer, the certificate attached to the form of assignment or form of election to purchase, as
the case may be, has not been completed, the Rights Agent shall not take any further action with
respect to such requested exercise or transfer without first consulting with the Company.

          4.4 Change of Rights Agent. The Rights Agent may resign and be discharged from its
duties under this Agreement upon 30 days’ notice (or such lesser notice as is acceptable to the
Company) in writing mailed to the Company and to each transfer agent of Common Stock by registered
or certified mail, and to the holders of the Rights in accordance with Section 5.9. The Company
may remove the Rights Agent upon 30 days’ notice in writing, mailed to the Rights Agent and to each
transfer agent of the Common Stock by registered or certified mail, and to the holders of the
Rights in accordance with Section 5.9. If the Rights Agent should resign or be removed or
otherwise become incapable of acting, the Company will appoint a successor to the Rights Agent. If
the Company fails to make such appointment within a period of 30 days

-44-

 

after giving notice of such removal or after it has been notified in writing of such
resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of any
Rights (which holder shall, with such notice, submit such holder’s Rights Certificate for
inspection by the Company), then the holder of any Rights may apply to any court of competent
jurisdiction for the appointment of a new Rights Agent. Any successor Rights Agent, whether
appointed by the Company or by such a court, shall be (a) a Person organized and doing business
under the laws of the United States or any state of the United States, in good standing, which is
authorized under such laws to exercise the powers of the Rights Agent contemplated by this
Agreement and is subject to supervision or examination by federal or state authority and which has
at the time of its appointment as Rights Agent a combined capital and surplus of at least
$50,000,000 or (b) an Affiliate of such a Person. After appointment, the successor Rights Agent
will be vested with the same powers, rights, duties and responsibilities as if it had been
originally named as Rights Agent without further act or deed; but the predecessor Rights Agent
shall deliver and transfer to the successor Rights Agent any property at the time held by it
hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the
purpose. Not later than the effective date of any such appointment, the Company will file notice
thereof in writing with the predecessor Rights Agent and each transfer agent of the Common Stock,
and mail a notice thereof in writing to the holders of the Rights. Failure to give any notice
provided for in this Section 4.4, however, or any defect therein, shall not affect the legality or
validity of the resignation or removal of the Rights Agent or the appointment of the successor
Rights Agent, as the case may be.

-45-

 

ARTICLE V

MISCELLANEOUS

          5.1 Redemption. (a) The Board of Directors of the Company may, at its option, at any
time prior to the Flip-in Date, elect to redeem all (but not less than all) of the then outstanding
Rights at the Redemption Price and the Company, at its option, may pay the Redemption Price either
in cash or shares of Common Stock or other securities of the Company deemed by the Board of
Directors, in the exercise of its sole discretion, to be at least equivalent in value to the
Redemption Price.

          (b) A committee of independent directors of the Company will evaluate the Agreement annually
to determine whether it continues to be in the best interests of the Company’s stockholders or,
rather, if the Rights should be redeemed.

          (c) In the event the Company receives a Qualifying Offer and, by the end of the 90 Business
Days following the commencement (or, if later, the first existence) of a Qualifying Offer, the
Board of Directors has not redeemed the outstanding Rights or exempted such offer from the terms of
the Agreement or called for an annual or special meeting of stockholders at which stockholders will
be asked to vote on whether or not to exempt such Qualifying Offer from the terms of this
Agreement, holders of record (or their duly authorized proxy) of at least 10% of the shares of
Common Stock then outstanding may submit to the Board of Directors, not earlier than 90 Business
Days nor later than 120 Business Days following the commencement (or, if later, the first
existence) of such Qualifying Offer, a written demand complying with the terms of this Section
5.1(c) (the “Special Meeting Demand”) directing the Board of Directors of the Company to submit to
a vote of stockholders at a special meeting of the stockholders of the Company (a “Special
Meeting”) a resolution exempting such Qualifying

-46-

 

Offer from the provisions of this Agreement (the “Qualifying Offer Resolution”). For purposes
of a Special Meeting Demand, the record date for determining holders of record eligible to make a
Special Meeting Demand shall be the 90th Business Day following commencement (or, if
later, the first existence) of a Qualifying Offer. The Board of Directors of the Company shall
take such actions as are necessary or desirable to cause the Qualifying Offer Resolution to be so
submitted to a vote of stockholders at a Special Meeting to be convened within 90 Business Days
following the Special Meeting Demand; provided, however, that if the Company at any
time during the Special Meeting Period and prior to a vote on the Qualifying Offer Resolution
enters into a Definitive Acquisition Agreement, the Special Meeting Period may be extended (and any
special meeting called in connection therewith may be cancelled) if the Qualifying Offer Resolution
will be separately submitted to a vote at the same meeting as the Definitive Acquisition Agreement
(the “Special Meeting Period”). A Special Meeting Demand must be delivered to the Secretary of the
Company at the principal executive offices of the Company and must set forth as to the stockholders
of record making the request (x) the names and addresses of such stockholders, as they appear on
the Company’s books and records, (y) the class and number of shares of Common Stock which are owned
of record by each of such stockholders, and (z) in the case of Common Stock that is owned
beneficially by another Person, an executed certification by the holder of record that such holder
has executed such Special Meeting Demand only after obtaining instructions to do so from such
beneficial owner and attaching evidence thereof. Subject to the requirements of applicable law,
the Board of Directors of the Company may take a position in favor of or opposed to the adoption of
the Qualifying Offer Resolution, or no position with respect to the Qualifying Offer Resolution, as
it determines to be appropriate in the exercise of its duties. In the event that no Person has
become an Acquiring Person prior to

-47-

 

the redemption date referred to in this Section 5.1(c), and the Qualifying Offer continues to
be a Qualifying Offer and either (i) the Special Meeting is not convened on or prior to the last
day of the Special Meeting Period (the “Outside Meeting Date”), or (ii) if, at the Special Meeting
at which a quorum is present, a majority of the shares of Common Stock present or represented by
proxy at the Special Meeting and entitled to vote thereon as of the record date for the Special
Meeting selected by the Board of Directors of the Company shall vote in favor of the Qualifying
Offer Resolution, then the Qualifying Offer shall be deemed exempt from the application of this
Agreement to such Qualifying Offer so long as it remains a Qualifying Offer, such exemption to be
effective on the Close of Business on the tenth Business Day after (i) the Outside Meeting Date or
(ii) the date on which the results of the vote on the Qualifying Offer Resolution at the Special
Meeting are certified as official by the appointed inspectors of election for the Special Meeting,
as the case may be (the “Exemption Date”). Notwithstanding anything herein to the contrary, no
action or vote, including action by written consent, by stockholders not in compliance with the
provisions of this Section 5.1(c) shall serve to exempt any offer from the terms of this Agreement.

          (d) Immediately upon the action of the Board of Directors of the Company electing to redeem
the Rights pursuant to Section 5.1(a) (or, if the resolution of the Board of Directors electing to
redeem the Rights states that the redemption will not be effective until the occurrence of a
specified future time or event, upon the occurrence of such future time or event), without any
further action and without any notice, the right to exercise the Rights will terminate and each
Right, whether or not previously exercised, will thereafter represent only the right to receive the
Redemption Price in cash or securities, as determined by the Board of Directors. Promptly after
the Rights are redeemed, the Company shall give notice of such redemption to the

-48-

 

Rights Agent and the holders of the then outstanding Rights by mailing such notice in
accordance with Section 5.9.

          (e) Immediately upon the Close of Business on the Exemption Date, without any further action
and without any notice, the right to exercise the Rights with respect to the Qualifying Offer will
terminate.

          5.2 Expiration. The Rights and this Agreement shall expire at the Expiration Time and
no Person shall have any rights pursuant to this Agreement or any Right after the Expiration Time,
except, if the Rights are exchanged or redeemed, as provided in Section 3.1 or 5.1, respectively.

          5.3 Issuance of New Rights Certificates. Notwithstanding any of the provisions of
this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Rights
Certificates evidencing Rights in such form as may be approved by its Board of Directors to reflect
any adjustment or change in the number or kind or class of shares of stock purchasable upon
exercise of Rights made in accordance with the provisions of this Agreement. In addition, in
connection with the issuance or sale of shares of Common Stock by the Company following the
Separation Time and prior to the Expiration Time pursuant to the terms of securities convertible or
redeemable into shares of Common Stock (other than any securities issued or issuable in connection
with the exercise or exchange of Rights) or to options, in each case issued or granted prior to,
and outstanding at, the Separation Time, the Company shall issue to the holders of such shares of
Common Stock, Rights Certificates representing the appropriate number of Rights in connection with
the issuance or sale of such shares of Common Stock; provided, however, in each
case, (i) no such Rights Certificate shall be issued, if, and to the extent that, the Company shall
be advised by counsel that such issuance would create a

-49-

 

significant risk of material adverse tax consequences to the Company or to the Person to whom
such Rights Certificates would be issued, (ii) no such Rights Certificates shall be issued if, and
to the extent that, appropriate adjustment shall have otherwise been made in lieu of the issuance
thereof, and (iii) the Company shall have no obligation to distribute Rights Certificates to any
Acquiring Person or Affiliate or Associate of an Acquiring Person or any transferee of any of the
foregoing.

          5.4 Supplements and Amendments. The Company and the Rights Agent may from time to
time supplement or amend this Agreement without the approval of any holders of Rights (i) prior to
the Flip-in Date, in any respect, except for any extension of the Expiration Time, which can only
be done with approval of a majority of the shares of Common Stock entitled to vote thereon and
present or represented by proxy at a meeting at which a quorum is present, and (ii) on or after the
Flip-in Date, to make any changes that the Company may deem necessary or desirable and which shall
not materially adversely affect the interests of the holders of Rights generally (other than the
Acquiring Person or any Affiliate or Associate thereof) or in order to cure any ambiguity or to
correct or supplement any provision contained herein which may be inconsistent with any other
provisions herein or otherwise defective, including, without limitation, any change in order to
satisfy any applicable law, rule or regulation, including any Trading Regulation on any applicable
exchange so as to allow trading of the Company’s securities thereon. The Rights Agent will duly
execute and deliver any supplement or amendment hereto requested by the Company in writing,
provided, that the Company has delivered to the Rights Agent a certificate from an appropriate
officer of the Company that states that the proposed supplement or amendment complies with the
terms of the this Agreement. Notwithstanding anything contained in this Agreement to the contrary,
the Rights Agent may,

-50-

 

but shall not be obligated to, enter into any supplement or amendment that affects the Rights
Agent’s own rights, duties, obligations or immunities under this Agreement.

          5.5 Fractional Shares. If the Company elects not to issue certificates representing
(or register on the stock transfer books of the Company) fractional shares upon exercise,
redemption or exchange of Rights, the Company shall, in lieu thereof, in the sole discretion of the
Board of Directors, either (a) evidence such fractional shares by depositary receipts issued
pursuant to an appropriate agreement between the Company and a depositary selected by it, providing
that each holder of a depositary receipt shall have all of the rights, privileges and preferences
to which such holder would be entitled as a beneficial owner of such fractional share, or (b) pay
to the registered holder of such Rights the appropriate fraction of the Market Price per share in
cash.

          Whenever a payment for fractional Rights or fractional shares is to be made by the Rights
Agent, the Company shall (i) promptly prepare and deliver to the Rights Agent a certificate setting
forth in reasonable detail the facts related to such payments and the prices and/or formulas
utilized in calculating such payments, and (ii) provide sufficient monies to the Rights Agent in
the form of fully collected funds to make such payments. The Rights Agent shall be fully protected
in relying upon such a certificate and shall have no duty with respect to, and shall not be deemed
to have knowledge of any payment for fractional Rights or fractional shares under any Section of
this Agreement relating to the payment of fractional Rights or fractional shares unless and until
the Rights Agent shall have received such a certificate and sufficient monies.

          5.6 Rights of Action. Subject to the terms of this Agreement, rights of action in
respect of this Agreement, other than rights of action vested solely in the Rights Agent, the

-51-

 

Board of Directors of the Company or the Company, are vested in the respective holders of the
Rights; and any holder of any Rights, without the consent of the Rights Agent or of the holder of
any other Rights, may, on such holder’s own behalf and for such holder’s own benefit and the
benefit of other holders of Rights, enforce, and may institute and maintain any suit, action or
proceeding against the Company to enforce, or otherwise act in respect of, such holder’s right to
exercise such holder’s Rights in the manner provided in such holder’s Rights Certificate and in
this Agreement. Without limiting the foregoing or any remedies available to the holders of Rights,
it is specifically acknowledged that the holders of Rights would not have an adequate remedy at law
for any breach of this Agreement and will be entitled to specific performance of the obligations
under, and injunctive relief against actual or threatened violations of, the obligations of any
Person subject to this Agreement.

          5.7 Holder of Rights Not Deemed a Stockholder. No holder, as such, of any Rights
shall be entitled to vote, receive dividends or be deemed for any purpose the holder of shares or
any other securities which may at any time be issuable on the exercise of such Rights, nor shall
anything contained herein or in any Rights Certificate be construed to confer upon the holder of
any Rights, as such, any of the rights of a stockholder of the Company or any right to vote for the
election of directors or upon any matter submitted to stockholders at any meeting thereof, or to
give or withhold consent to any corporate action, or to receive notice of meetings or other actions
affecting stockholders (except as provided in Section 5.8), or to receive dividends or subscription
rights, or otherwise, until such Rights shall have been exercised or exchanged in accordance with
the provisions hereof.

          5.8 Notice of Proposed Actions. In case the Company shall propose at or after the
Separation Time and prior to the Expiration Time (i) to effect or permit a Flip-over

-52-

 

Transaction or Event or (ii) to effect the liquidation, dissolution or winding up of the
Company, then, in each such case, the Company shall give to each holder of a Right, in accordance
with Section 5.9, and to the Rights Agent a written notice of such proposed action, which shall
specify the date on which such Flip-over Transaction or Event, liquidation, dissolution, or winding
up is to take place, and such notice shall be so given at least 20 Business Days prior to the date
of the taking of such proposed action.

          5.9 Notices. Notices or demands authorized or required by this Agreement to be given
or made by the Rights Agent or by the holder of any Rights to or on the Company shall be
sufficiently given or made if delivered or sent by first-class mail, postage prepaid, addressed
(until another address is filed in writing with the Rights Agent) or by facsimile transmission as
follows:

          CA, Inc.

          One CA Plaza

          Islandia, NY 11749

          Attention: Secretary

          Facsimile: (631) 342-6828

Subject to the provisions of Section 4.4 hereof, any notice or demand authorized or required by
this Agreement to be given or made by the Company or by the holder of any Rights to or on the
Rights Agent shall be sufficiently given or made if delivered or sent by first-class mail, postage
prepaid, addressed (until another address is filed in writing with the Company) or by facsimile
transmission as follows:

          Mellon Investor Services LLC

          480 Washington Boulevard, 29th Floor

          Jersey City, NJ 07310

          Attention: Deborah Bass

          Facsimile: (201) 680-4606

          With a copy to:

-53-

 

          Mellon Investor Services LLC

          480 Washington Boulevard

          Jersey City, NJ 07310

          Attention: Legal Department

          Facsimile: (201) 680-4610

Notices or demands authorized or required by this Agreement to be given or made by the Company or
the Rights Agent to or on the holder of any Rights shall be sufficiently given or made if delivered
or sent by first-class mail, postage prepaid, addressed to such holder at the address of such
holder as it appears upon the registry books of the Rights Agent or, prior to the Separation Time,
on the registry books of the transfer agent for the Common Stock. Any notice which is mailed in
the manner herein provided shall be deemed given, whether or not the holder receives the notice.

          5.10 Suspension of Exercisability or Exchangeability. Notwithstanding any provisions
in this Agreement to the contrary, to the extent that the Board of Directors of the Company
determines in good faith that some action will or need be taken pursuant to, or in order to
properly give effect to, Sections 2.3, 3.1 or 4.4 or to comply with federal or state securities
laws or applicable Trading Regulations, the Company may suspend the exercisability or
exchangeability of the Rights for a reasonable period sufficient to allow it to take such action or
comply with such laws or Trading Regulations. In the event of any such suspension, the Company
shall issue as promptly as practicable a public announcement (with prompt written notice to the
Rights Agent) stating that the exercisability or exchangeability of the Rights has been temporarily
suspended. Notice thereof pursuant to Section 5.9 shall not be required. Upon such suspension, any
rights of action vested in a holder of Rights shall be similarly suspended.

          Failure to give notice pursuant to the provisions of this Agreement shall not affect the
validity of any action taken hereunder.

-54-

 

          5.11 Costs of Enforcement. The Company agrees that if the Company or any other Person
the securities of which are purchasable upon exercise of Rights fails to fulfill any of its
obligations pursuant to this Agreement, then the Company or such Person will reimburse the holder
of any Rights for the costs and expenses (including legal fees) incurred by such holder in actions
to enforce such holder’s rights pursuant to any Rights or this Agreement.

          5.12 Successors. All the covenants and provisions of this Agreement by or for the
benefit of the Company or the Rights Agent shall bind and inure to the benefit of their respective
successors and assigns hereunder.

          5.13 Benefits of this Agreement. Nothing in this Agreement shall be construed to give
to any Person other than the Company, the Rights Agent and the holders of the Rights any legal or
equitable right, remedy or claim under this Agreement and this Agreement shall be for the sole and
exclusive benefit of the Company, the Rights Agent and the holders of the Rights.

          5.14 Determination and Actions by the Board of Directors, etc. The Board of Directors
(or, if required hereby, a majority of the independent directors) of the Company shall have the
exclusive power and authority to administer this Agreement and to exercise all rights and powers
specifically granted to the Board or to the Company, or as may be necessary or advisable in the
administration of this Agreement, including, without limitation, the right and power to (i)
interpret the provisions of this Agreement and (ii) make all determinations and calculations deemed
necessary or advisable for the administration or implementation of this Agreement, including the
right to determine the Rights to be null and voided pursuant to Section 3.1, after taking into
account the purpose of this Agreement and the Company’s interest in maintaining an orderly trading
market in the outstanding shares of Common Stock. All such

-55-

 

actions, interpretations, calculations and determinations done or made by the Board of
Directors of the Company shall be final, conclusive and binding on the Company, the Rights Agent,
the holders of the Rights and all other parties. The Rights Agent shall always be entitled to
assume that the Board of Directors of the Company acted in good faith and the Rights Agent shall be
fully protected and shall incur no liability in reliance thereon.

          5.15 Fiduciary Responsibilities of the Board of Directors. Nothing contained in this
Agreement shall, or shall be deemed or construed to, be in derogation of the obligations of the
Board of Directors of the Company to exercise its fiduciary duties. Without limiting the
foregoing, nothing contained herein shall be deemed or construed to suggest or imply that the Board
of Directors of the Company shall not be entitled to reject any offer to acquire the Company or to
recommend that stockholders of the Company reject any offer, or to take any other action, with
respect to any offer or any proposal to acquire the Company that the Board of Directors believes is
necessary or appropriate in the exercise of such fiduciary duties.

          5.16 Descriptive Headings; Section References. Descriptive headings appear herein for
convenience only and shall not control or affect the meaning or construction of any of the
provisions hereof. Where a reference in this Agreement is made to a Section, such reference shall
be to a Section of this Agreement unless otherwise indicated.

          5.17 GOVERNING LAW; EXCLUSIVE JURISDICTION.

          (a) THIS AGREEMENT AND EACH RIGHT ISSUED HEREUNDER SHALL BE DEEMED TO BE A CONTRACT MADE UNDER
THE LAWS OF THE STATE OF DELAWARE AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF SUCH STATE APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY
WITHIN SUCH

-56-

 

STATE; PROVIDED, HOWEVER, THAT ALL PROVISIONS REGARDING THE RIGHTS, DUTIES, LIABILITIES AND
OBLIGATIONS OF THE RIGHTS AGENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE.

          (b) (i) THE COMPANY AND EACH HOLDER OF RIGHTS HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE
JURISDICTION OF THE COURT OF CHANCERY OF THE STATE OF DELAWARE, OR, IF SUCH COURT SHALL LACK
SUBJECT MATTER JURISDICTION, THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE, OVER
ANY SUIT, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT. The
Company and each holder of Rights acknowledge that the forum designated by this paragraph (b) has a
reasonable relation to this Agreement, and to such Persons’ relationship with one another.

                (ii) The Company and each holder of Rights hereby waive, to the fullest extent permitted by
applicable law, any objection which they now or hereafter have to personal jurisdiction or to the
laying of venue of any such suit, action or proceeding brought in any court referred to in
paragraph (b)(i). The Company and each holder of Rights undertake not to commence any action
subject to this Agreement in any forum other than the forum described in this paragraph (b). The
Company and each holder of Rights agree that, to the fullest extent permitted by applicable law, a
final and non-appealable judgment in any such suit, action, or proceeding brought in any such court
shall be conclusive and binding upon such Persons.

-57-

 

          5.18 Counterparts. This Agreement 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 one and the same instrument.

          5.19 Severability. If any term, covenant, restriction or provision hereof or the
application thereof to any circumstance shall, in any jurisdiction and to any extent, be invalid or
unenforceable, such term or provision shall be ineffective as to such jurisdiction to the extent of
such invalidity or unenforceability without invalidating or rendering unenforceable the remaining
terms and provisions hereof or the application of such term, covenant, restriction or provision to
circumstances other than those as to which it is held invalid or unenforceable; provided, that if
any such excluded term, covenant, restriction or provision shall adversely affect the rights,
immunities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign
immediately.

-58-

 

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

	 	 	 	 	 
	 	CA, INC.

 	 
	 	By:  	/s/ Amy Fliegelman Olli	 
	 	 	Name: Amy Fliegelman Olli 	 
	 	 	Title:   Executive Vice President and

            General Counsel 	 
	 
	 	MELLON INVESTOR SERVICES LLC

 	 
	 	By:  	/s/ Christopher T. Coleman	 
	 	 	Name:  	Christopher T. Coleman 	 
	 	 	Title:  	Vice President 	 

-59-

 

EXHIBIT A

[FORM OF RIGHTS CERTIFICATE]

			
	 	 	 
	Certificate No. W-
	 	                     Rights

THE RIGHTS ARE SUBJECT TO REDEMPTION OR MANDATORY EXCHANGE, AT THE
OPTION OF THE COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS
AGREEMENT. RIGHTS BENEFICIALLY OWNED BY “ACQUIRING PERSONS” OR
“AFFILIATES” OR “ASSOCIATES” THEREOF (AS SUCH TERMS ARE DEFINED IN
THE RIGHTS AGREEMENT) OR TRANSFEREES OF ANY OF THE FOREGOING WILL
BE VOID.

RIGHTS CERTIFICATE

CA, INC.

          This certifies that                     , or registered assigns, is the registered holder of
the number of Rights set forth above, each of which entitles the registered holder thereof, subject
to the terms, provisions and conditions of the Stockholder Protection Rights Agreement, dated as of
November 5, 2009 (as amended from time to time, the “Rights Agreement”), between CA, Inc., a
Delaware corporation (the “Company”), and Mellon Investor Services LLC, a New Jersey limited
liability company, as Rights Agent (the “Rights Agent”, which term shall include any successor
Rights Agent under the Rights Agreement), to purchase from the Company at any time after the
Separation Time (as such term is defined in the Rights Agreement) and prior to

A-1

 

the Close of Business (as such term is defined in the Rights Agreement) on November 30, 2009, one one-thousandth
of a fully paid share of Preferred Stock (as defined in, and subject to adjustment as provided in,
the Rights Agreement), at the Exercise Price referred to below, upon presentation and surrender of
this Rights Certificate with the Form of Election to Exercise duly executed at the office of the
Rights Agent designated for such purpose. The Exercise Price shall
initially be $100 per Right and
shall be subject to adjustment in certain events as provided in the Rights Agreement.

          In certain circumstances described in the Rights Agreement, the Rights evidenced hereby may
entitle the registered holder thereof to purchase securities of an entity other than the Company or securities of the Company other than Preferred Stock or assets of the Company, all as provided
in the Rights Agreement.

          This Rights Certificate is subject to all of the terms, provisions and conditions of the
Rights Agreement, which terms, provisions and conditions are hereby incorporated herein by
reference and made a part hereof and to which Rights Agreement reference is hereby made for a full
description of the rights, limitations of rights, obligations, duties and immunities hereunder of
the Rights Agent, the Company and the holders of the Rights Certificates. Copies of the Rights
Agreement are on file at the principal office of the Company and are available without cost upon
written request.

          This Rights Certificate, with or without other Rights Certificates, upon surrender at the
office of the Rights Agent designated for such purpose, may be

A-2

 

exchanged for another Rights Certificate or Rights Certificates of like tenor evidencing an aggregate number of Rights equal to
the aggregate number of Rights evidenced by the Rights Certificate or Rights Certificates so
surrendered. If this Rights Certificate shall be exercised in part, the registered holder shall be
entitled to receive, upon surrender hereof, another Rights Certificate or Rights Certificates for
the number of whole Rights not exercised.

          Subject to the provisions of the Rights Agreement, each Right evidenced by this Certificate
may be (a) redeemed by the Company under certain circumstances, at its option, at a redemption
price of $0.001 per Right or (b) exchanged by the Company under certain circumstances, at its
option, for one share of Common Stock or one one-thousandth of a share of Preferred Stock per Right
(or, in certain cases, other securities or assets of the Company), subject in each case to
adjustment in certain events as provided in the Rights Agreement.

          No holder of this Rights Certificate, as such, shall be entitled to vote or receive dividends
or be deemed for any purpose the holder of any securities which may at any time be issuable on the
exercise hereof, nor shall anything contained in the Rights Agreement or herein be construed to
confer upon the holder hereof, as such, any of the rights of a stockholder of the Company or any
right to vote for the election of directors or upon any matter submitted to stockholders at any
meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of
meetings or other actions affecting

A-3

 

stockholders (except as provided in the Rights Agreement), or to receive dividends or
subscription rights, or otherwise, until the Rights evidenced by this Rights Certificate shall have
been exercised or exchanged as provided in the Rights Agreement.

          This Rights Certificate shall not be valid or obligatory for any purpose until it shall have
been countersigned by the Rights Agent.

A-4

 

          WITNESS the facsimile signature of the proper officers of the Company and its corporate seal.

Date:                     

	 	 	 
	ATTEST:

	 	CA, INC.

	 	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	Secretary
	 	 	 	 
	 
	 	 	 	 
	Countersigned:
	 	 	 	 

	 	 	 	 	 
	MELLON INVESTOR SERVICES LLC

 	 
	By:  	 	 
	 	Authorized Signature 	 

A-5

 

[Form of Reverse Side of Rights Certificate]

FORM OF ASSIGNMENT

(To be executed by the registered holder if such

holder desires to transfer this Rights Certificate.)

          FOR VALUE RECEIVED                                          hereby

	 	 	 
	sells, assigns and transfers unto 

	 	 

	 

	 	(Please print name

 

and address of transferee)

this Rights Certificate, together with all right, title and interest therein, and does hereby
irrevocably constitute and appoint                                          as Attorney-in-fact, to transfer the within
Rights Certificate on the books of the within-named Company, with full power of substitution.

Dated:                                         ,                     

	 	 	 	 
	Signature Guaranteed:
	 	 	 
	 	 	 	 
	 

	Signature

(Signature must correspond to name as

written upon the face of this Rights

Certificate in every particular, without

alteration or enlargement or any change

whatsoever)
	 	 

          Signatures must 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 Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended.

 

(To be completed if true)

A-6

 

          The undersigned hereby represents, for the benefit of all holders of Rights and shares of
Common Stock, that the Rights evidenced by this Rights Certificate are not, and, to the knowledge
of the undersigned, have never been, Beneficially Owned by an
Acquiring Person or an Affiliate or Associate thereof (as each such term is defined in the
Rights Agreement).

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Signature 	 
	 	 	 

 

NOTICE

          In the event the certification set forth above is not completed in connection with a purported
assignment, the Company will deem the Beneficial Owner of the Rights evidenced by the enclosed
Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as each such
term is defined in the Rights Agreement) or a transferee of any of the foregoing and accordingly
will deem the Rights evidenced by such Rights Certificate to be void and not transferable or
exercisable.

A-7

 

[To be attached to each Rights Certificate]

FORM OF ELECTION TO EXERCISE

(To be executed if holder desires to

exercise the Rights Certificate.)

TO: CA, INC.

          The undersigned hereby irrevocably elects to exercise                                                         
                     whole Rights
represented by the attached Rights Certificate to purchase the shares of Participating Preferred
Stock or such other securities or assets as may then be issuable upon the exercise of such Rights
and requests that certificates for such shares be issued in the name of:

	 	 	 	 	 
	 

	 	 

Address:
	 	 
	 

	 	 

	 	 
	 

	 	 

Social Security or Other Taxpayer
	 	 
	 

	 	Identification Number:	 	 
	 

	 	 

	 	 

If such number of Rights shall not be all the Rights evidenced by this Rights Certificate, a new
Rights Certificate for the balance of such Rights shall be registered in the name of and delivered
to:

	 	 	 	 	 
	 

	 	 

Address:
	 	 
	 

	 	 

	 	 
	 

	 	 

Social Security or Other Taxpayer
	 	 
	 

	 	Identification Number:	 	 
	 

	 	 

	 	 

Dated:                     , ___

A-8

 

	 	 
	Signature Guaranteed: 
	 
	 

	Signature
	 

	(Signature must correspond to name as
written upon the face of the attached
Rights Certificate in every particular,
without alteration or enlargement or any
change whatsoever)

          Signatures must 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 Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended.

 

(To be
completed if true)

          The undersigned hereby represents, for the benefit of all holders of Rights and shares of
Common Stock, that the Rights evidenced by the attached Rights Certificate are not, and, to the
knowledge of the undersigned, have never been, Beneficially Owned by an Acquiring Person or an
Affiliate or Associate thereof (as each such term is defined in the Rights Agreement).

	 	 	 	 	 
	 

	 	 
	 	Signature

 

NOTICE

          In the event the certification set forth above is not completed in connection with a purported
exercise, the Company will deem the Beneficial Owner of the Rights evidenced by the attached Rights
Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as each such term is
defined in the Rights Agreement) or a transferee of any of the foregoing and accordingly will deem
the Rights evidenced by such Rights Certificate to be void and not transferable or exercisable.

A-9

 

EXHIBIT B

FORM OF CERTIFICATE OF DESIGNATION AND TERMS

OF PARTICIPATING PREFERRED STOCK OF CA, INC.

Pursuant to Section 151 of the General Corporation Law of the State of Delaware

          We, the undersigned, _________ and _________, the ___ and
___, respectively, of CA, Inc., a Delaware corporation (the “Corporation”), do
hereby certify as follows:

          Pursuant to authority granted by Article FOURTH of the Restated Certificate of Incorporation
of the Corporation, and in accordance with the provisions of Section 151 of the General Corporation
Law of the State of Delaware, the Board of Directors of the Corporation has adopted the following
resolutions fixing the designations and certain terms, powers, preferences and other rights of a
new series of the Corporation’s Preferred Stock, Class A, without par value, and certain
qualifications, limitations and restrictions thereon:

          RESOLVED, that there is hereby established a series of Preferred Stock, Class A, without par
value, of the Corporation, and the designation and certain terms, powers, preferences and other
rights of the shares of such series, and certain qualifications, limitations and restrictions
thereon, are hereby fixed as follows:

               (i) The distinctive serial designation of this series shall be “Series Two Participating
Preferred Stock” (hereinafter called “this Series”). Each share of this Series shall be identical
in all respects with the other shares of this Series except as to the dates from and after which
dividends thereon shall be cumulative.

               (ii) The number of shares in this Series shall initially be [600,000], which number may from
time to time be increased or decreased (but not below the number then outstanding) by the Board of
Directors. Shares of this Series purchased by the Corporation shall be cancelled and shall revert
to authorized but unissued shares of Preferred Stock undesignated as to series. Shares of this
Series may be issued in fractional shares which are whole number multiples of one one-thousandth of
a share, which fractional shares shall entitle the holder, in proportion to such holder’s
fractional share, to all rights of a holder of a whole share of this Series.

B-1

 

               (iii) The holders of full or fractional shares of this Series shall be entitled to receive,
when and as declared by the Board of Directors, but only out of funds legally available therefor,
dividends, (A) on each date that dividends or other distributions (other than dividends or
distributions payable in Common Stock of the Corporation) are payable on or in respect of Common
Stock comprising part of the Reference Package (as defined below), in an amount per whole share of
this Series equal to the aggregate amount of dividends or other distributions (other than dividends
or distributions payable in Common Stock of the Corporation) that would be payable on such date to
a holder of the Reference Package and (B) on the last day of March, June, September and December in
each year, in an amount per whole share of this Series equal to the
excess (if any) of $250 over
the aggregate dividends paid per whole share of this Series during the three month period ending on
such last day. Each such dividend shall be paid to the holders of record of shares of this Series
on the date, not exceeding sixty days preceding such dividend or distribution payment date, fixed
for the purpose by the Board of Directors in advance of payment of each particular dividend or
distribution. Dividends on each full and each fractional share of this Series shall be cumulative
from the date such full or fractional share is originally issued; provided that any such
full or fractional share originally issued after a dividend record date and on or prior to the
dividend payment date to which such record date relates shall not be entitled to receive the
dividend payable on such dividend payment date or any amount in respect of the period from such
original issuance to such dividend payment date.

               The term “Reference Package” shall initially mean 1,000 shares of Common Stock, par value
$0.10 per share (“Common Stock”) of the Corporation. In the event the Corporation shall at any
time after the close of business on November 16, 2009 (A) declare or pay a dividend on any Common
Stock payable in Common Stock, (B) subdivide any Common Stock or (C) combine any Common Stock into
a smaller number of shares, then and in each such case the Reference Package after such event shall
be the Common Stock that a holder of the Reference Package immediately prior to such event would
hold thereafter as a result thereof.

               Holders of shares of this Series shall not be entitled to any dividends, whether payable in
cash, property or stock, in excess of full cumulative dividends, as herein provided on this Series.

               So long as any shares of this Series are outstanding, no dividend (other than a dividend in
Common Stock or in any other stock ranking junior to this Series as to dividends and upon
liquidation) shall be declared or paid or set aside for payment or other distribution declared or
made upon the Common Stock or upon any other stock ranking junior to this Series as to dividends or
upon liquidation, unless the full cumulative dividends (including the dividend to be paid upon
payment of such dividend or other distribution) on all outstanding shares of this Series shall have
been, or shall contemporaneously be, paid. When dividends are not paid in full upon this Series
and any other stock ranking on a parity as to dividends with this Series, all dividends declared
upon shares of this Series and any other stock ranking on a parity as to dividends shall be
declared pro rata so that in all cases the amount of dividends declared per share of this Series
and such other stock shall bear to each other the same ratio that accumulated dividends per share
on the shares of the Series and such other stock bear to each other. Neither the Common Stock nor
any other stock of the Corporation ranking junior to or on a parity with

B-2

 

this Series as to dividends or upon liquidation shall be redeemed, purchased or otherwise
acquired for any consideration (or any moneys be paid to or made available for a sinking fund for
the redemption of any shares of any such stock) by the Corporation (except by conversion into or
exchange for stock of the Corporation ranking junior to this Series as to dividends and upon
liquidation), unless the full cumulative dividend (including the dividend to be paid upon payment
of such dividend, distribution, redemption, purchase or other acquisition) on all outstanding
shares of this Series shall have been, or shall contemporaneously be, paid.

               (iv) In the event of any merger, consolidation, reclassification or other transaction in
which the shares of Common Stock are exchanged for or changed into other stock or securities, cash
and/or any other property, then in any such case the shares of this Series shall at the same time
be similarly exchanged or changed in an amount per whole share equal to the aggregate amount of
stock, securities, cash and/or any other property (payable in kind), as the case may be, that a
holder of the Reference Package would be entitled to receive as a result of such transaction.

               (v) In the event of any liquidation, dissolution or winding up of the affairs of the
Corporation, whether voluntary or involuntary, the holders of full and fractional shares of this
Series shall be entitled, before any distribution or payment is made on any date to the holders of
the Common Stock or any other stock of the Corporation ranking junior to this Series upon
liquidation, to be paid in full an amount per whole share of this Series equal to the greater of
(A) $1,000 or (B) the aggregate amount distributed or to be distributed in connection with such
liquidation, dissolution or winding up to a holder of the Reference Package (such greater amount
being hereinafter referred to as the “Liquidation Preference”), together with accrued dividends to
such distribution or payment date, whether or not earned or declared. If such payment shall have
been made in full to all holders of shares of this Series, the holders of shares of this Series as
such shall have no right or claim to any of the remaining assets of the Corporation.

               In the event the assets of the Corporation available for distribution to the holders of shares
of this Series upon any liquidation, dissolution or winding up of the Corporation, whether
voluntary or involuntary, shall be insufficient to pay in full all amounts to which such holders
are entitled pursuant to the first paragraph of this Section (v), no such distribution shall be
made on account of any shares of any other class or series of Preferred Stock ranking on a party
with the shares of this Series upon such liquidation, dissolution or winding up unless
proportionate distributive amounts shall be paid on account of the shares of this Series, ratably
in proportion to the full distributable amounts to which holders of all such parity shares are
respectively entitled upon such liquidation, dissolution or winding up.

               Upon the liquidation, dissolution or winding up of the Corporation, the holders of shares of
this Series then outstanding shall be entitled to be paid out of assets of the Corporation
available for distribution to its stockholders all amounts to which such holders are entitled
pursuant to the first paragraph of this Section (v) before any payment shall be made to the holders
of Common Stock or any other stock of the Corporation ranking junior upon liquidation to this
Series.

B-3

 

               For the purposes of this Section (v), the consolidation or merger of, or binding statutory
share exchange by, the Corporation with any other corporation or entity shall not be deemed to
constitute a liquidation, dissolution or winding up of the Corporation.

               (vi) The shares of this Series shall not be redeemable.

               (vii) In addition to any other vote or consent of stockholders required by law or by the
Restated Certificate of Incorporation, as may be amended from time to time, of the Corporation, and
except as otherwise required by law, each share (or fraction thereof) of this Series shall, on any
matter, vote as a class with any other capital stock comprising part of the Reference Package and
shall have the number of votes thereon that a holder of the Reference Package would have.

               (viii) If and whenever dividends payable on this Series and any other class or series of
stock of the Corporation ranking on a parity with this Series as to payment of dividends (any such
class or series being herein referred to as “dividend parity stock”) shall be in arrears in an
aggregate amount equal to at least six quarterly dividends (whether or not consecutive), the number
of directors then constituting the Board of Directors shall be increased by two and the holders of
shares of this Series together with the holders of all other affected classes and series of
dividend parity stock similarly entitled to vote for the election of two additional directors,
voting separately as a single class, shall be entitled to elect the two additional directors at any
annual meeting of stockholders or any special meeting of the holders of shares of this Series and
such dividend parity stock called as hereinafter provided. Whenever all arrears in dividends on
the shares of this Series and dividend parity stock then outstanding shall have been paid and
dividends thereon for the current quarterly dividend period shall have been paid or declared and
set aside for payment, then the right of the holders of shares of this Series and such dividend
parity stock to elect such additional two directors shall cease (but subject always to the same
provisions for the vesting of such voting rights in the case of any similar future arrearages in
dividends), and the terms of office of all persons elected as directors by the holders of shares of
this Series and such dividend parity stock shall forthwith terminate and the number of directors
constituting the Board of Directors shall be reduced accordingly. At any time after such voting
power shall have been so vested in the holders of shares of this Series and such dividend parity
stock, the Secretary of the Corporation may, and upon the written request of any holder of shares
of this Series (addressed to the Secretary at the principal office of the Corporation) shall, call
a special meeting of the holders of shares of this Series and such dividend parity stock for the
election of the two directors to be elected by them as herein provided, such call to be made by
notice similar to that provided in the by-laws for a special meeting of the stockholders or as
required by law. If any such special meeting so required to be called shall not be called by the
Secretary within 20 days after receipt of any such request, then any holder of shares of this
Series may (at the Corporation’s expense) call such meeting, upon notice as herein provided, and
for that purpose shall have access to the stock books of the Corporation. The directors elected at
any such special meeting shall hold office until the next meeting of the stockholders if such
office shall not have previously terminated as above provided. In case any vacancy shall occur
among the directors elected by the holders of shares of this Series and such dividend parity stock,
a successor shall be elected by the Board of Directors to serve until the next annual meeting of
the stockholders upon the nomination of the then remaining director elected by holders of shares of
this Series and such dividend parity stock

B-4

 

or the successor of such remaining director. If the holders of shares become entitled under
the foregoing provisions to elect or participate in the election of two directors as a result of
dividend arrearages, such entitlement shall not affect the right of such holders to vote as stated
in paragraph (vii), including the right to vote in the election of the remaining directors.

               IN WITNESS WHEREOF, the undersigned have signed and attested this certificate on the ___ day
of _________, ___.

 

Attest:

 

B-5

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