Document:

Exhibit 4.2

 

AMENDMENT NO. 1 TO SECTION 382 RIGHTS AGREEMENT

 

Amendment No. 1, dated as of February 26, 2015 (this “Amendment”), to the Section 382 Rights Agreement, dated as of February 27, 2012 (the “Rights Agreement”), by and between The Howard Hughes Corporation (the “Company”) and Computershare Trust Company, N.A., as rights agent (the “Rights Agent”).

 

RECITALS

 

A.            Pursuant to Section 27 of the Rights Agreement, prior to the time at which the Rights cease to be redeemable, and subject to the third to last sentence of Section 27 of the Rights Agreement, the Company may in its sole and absolute discretion, and the Rights Agent will if the Company so directs, supplement or amend any provision of the Rights Agreement in any respect in accordance with the provisions of such Section.

 

B.            The Board of Directors of the Company has determined that it is in the best interests of the Company and its stockholders to amend the Rights Agreement as set forth in this Amendment.

 

C.            The Rights are currently redeemable, and pursuant to the terms of the Rights Agreement and in accordance with Section 27 of the Rights Agreement, the Company has directed that the Rights Agreement be amended as set forth in this Amendment, and hereby directs the Rights Agent to execute this Amendment.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing and the mutual agreements set forth in the Rights Agreement and in this Amendment, the parties hereto hereby amend the Rights Agreement as follows:

 

1.             Section 1(x) of the Rights Agreement is hereby amended and restated in its entirety as follows:

 

“(x)         “Expiration Date” means the earliest of (i) the Close of Business on the sixth anniversary of the Record Date, (ii) the time at which the Rights are redeemed as provided in Section 23, (iii) the time at which all exercisable Rights are exchanged as provided in Section 24, (iv) the Close of Business on the effective date of the repeal of Section 382 of the Code or any successor or replacement provision if the Board of Directors of the Company determines that this Agreement is no longer necessary for the preservation of Tax Benefits, (v) the Close of Business on the first day of a taxable year of the Company to which the Board of Directors of the Company determines that no Tax Benefits may be carried forward, and (vi) the Close of Business on the first Business Day following the certification of the voting results of the Company’s 2015 annual meeting of stockholders, if Stockholder Approval has not been obtained prior to such date.”

 

2.             Section 1(yy) of the Rights Agreement is hereby amended and restated in its entirety as follows:

 

 

“(yy)       “Stockholder Approval” means the approval of Amendment No. 1, dated as of February 26, 2015 (the “Amendment”), to this Agreement by the affirmative vote of the holders of a majority of the voting power of the outstanding Common Shares of the Company present in person or represented by proxy at a duly called meeting of stockholders of the Company (or any adjournment or postponement thereof) and entitled to vote on a proposal to approve the Amendment.”

 

3.             Exhibits B and C to the Rights Agreement are deemed amended in a manner consistent with this Amendment.

 

4.             Capitalized terms used without other definition in this Amendment are used as defined in the Rights Agreement.

 

5.             This Amendment will be deemed to be a contract made under the internal substantive laws of the State of Delaware and for all purposes will be governed by and construed in accordance with the internal substantive laws of such State applicable to contracts to be made and performed entirely within such State.

 

6.             The Rights Agreement will not otherwise be supplemented or amended by virtue of this Amendment, but will remain in full force and effect.

 

7.             This Amendment may be executed in any number of counterparts and each of such counterparts will for all purposes be deemed to be an original, and all such counterparts will together constitute but one and the same instrument.  A signature to this Agreement transmitted electronically will have the same authority, effect and enforceability as an original signature.

 

8.             This Amendment will be effective as of the date first above written and all references to the Rights Agreement will, from and after such time, be deemed to be references to the Rights Agreement as amended hereby.

 

9.             The undersigned officer of the Company, being duly authorized on behalf of the Company, hereby certifies in his or her capacity as an officer on behalf of the Company to the Rights Agent that this Amendment is in compliance with the terms of Section 27 of the Rights Agreement.

 

10.          By its execution and delivery hereof, the Company directs the Rights Agent to execute this Amendment.

 

[Signatures appear on the following page]

 

2

 

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

 

	
 
    	
THE   HOWARD HUGHES CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Grant   Herlitz
    
	
 
    	
 
    	
Name:
    	
Grant Herlitz
    
	
 
    	
 
    	
Title:
    	
President
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
COMPUTERSHARE   TRUST COMPANY, N.A.
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Dennis V.   Moccia
    
	
 
    	
 
    	
Name:
    	
Dennis V. Moccia
    
	
 
    	
 
    	
Title:
    	
Manager, Contract   Administration
    

 

S-1Exhibit 4.5

	
 
    

 

GLOBAL PARTNERS LP

 

GLP FINANCE CORP.

 

and

 

THE GUARANTORS NAMED HEREIN

 

 

6.25% SENIOR NOTES DUE 2022

 

 

SUPPLEMENTAL INDENTURE AND

AMENDMENT — SUBSIDIARY GUARANTEE

 

DATED AS OF SEPTEMBER 24, 2014

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

 

Trustee

 

	
 
    

 

 

This SUPPLEMENTAL INDENTURE, dated as of September 24, 2014 is among Global Partners LP, a Delaware limited partnership (the “Company”), GLP Finance Corp., a Delaware corporation (“Finance Corp.” and, together with the Company, the “Issuers”), each of the parties identified under the caption “Guarantors” on the signature page hereto (the “Guarantors”) and Deutsche Bank Trust Company Americas, a New York corporation, as Trustee.

 

RECITALS

 

WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated as of June 24, 2014  (the “Indenture”), pursuant to which the Issuers have issued $375,000,000 in the aggregate principal amount of 6.25% Senior Notes due 2022 (the “Notes”);

 

WHEREAS, Section 9.01(g) of the Indenture provides that the Issuers, the Guarantors and the Trustee may amend or supplement the Indenture in order to comply with Section 4.13 or 10.03 thereof, without the consent of the Holders of the Notes; and

 

WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of the Issuers, of the Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid instrument legally binding on the Issuers, the Guarantors and the Trustee, in accordance with its terms, have been duly done and performed;

 

NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Issuers, the Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows:

 

ARTICLE 1

 

Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes.

 

Section 1.02. This Supplemental Indenture shall become effective immediately upon its execution and delivery by each of the Issuers, the Guarantors and the Trustee.

 

ARTICLE 2

 

From this date, in accordance with Section 4.13 or 10.03 and by executing this Supplemental Indenture, the Guarantors whose signatures appear below are subject to the provisions of the Indenture to the extent provided for in Article 10 thereunder.

 

ARTICLE 3

 

Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in

 

2

 

accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture.

 

Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto.

 

Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of such executed copies together shall represent the same agreement.

 

[NEXT PAGE IS SIGNATURE PAGE]

 

3

 

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

 

	
 
    	
GLOBAL PARTNERS LP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
GLOBAL GP LLC,
    
	
 
    	
 
    	
its General   Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
GLP FINANCE CORP.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
GUARANTORS
    
	
 
    	
 
    
	
 
    	
GLOBAL COMPANIES   LLC
    
	
 
    	
GLOBAL ENERGY   MARKETING LLC
    
	
 
    	
CHELSEA SANDWICH   LLC
    
	
 
    	
ALLIANCE ENERGY   LLC
    
	
 
    	
GLOBAL ENERGY   MARKETING II LLC
    
	
 
    	
CASCADE KELLY   HOLDINGS LLC
    
	
 
    	
GLOBAL CNG LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global Operating   LLC,
    
	
 
    	
 
    	
its Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global Partners   LP,
    
	
 
    	
 
    	
its Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global GP LLC,
    
	
 
    	
 
    	
its General   Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
					

 

4

 

	
 
    	
GLOBAL MONTELLO   GROUP CORP.
    
	
 
    	
GLEN HES CORP.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
GLOBAL PARTNERS   ENERGY
    
	
 
    	
CANADA ULC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BURSAW OIL LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Alliance Energy   LLC,
    
	
 
    	
 
    	
its Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global Operating   LLC,
    
	
 
    	
 
    	
its Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global Partners   LP,
    
	
 
    	
 
    	
its Sole Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Global GP LLC,
    
	
 
    	
 
    	
its General   Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Daphne H.   Foster
    
	
 
    	
 
    	
Name:
    	
Daphne H. Foster
    
	
 
    	
 
    	
Title:
    	
Chief Financial   Officer
    
					

 

5

 

	
 
    	
DEUTSCHE BANK   TRUST COMPANY
    
	
 
    	
AMERICAS, as   Trustee
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
DEUTSCHE BANK   NATIONAL TRUST COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chris Niesz
    
	
 
    	
Name: Chris Niesz
    
	
 
    	
Title: Assistant   Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jeffrey   Schoenfeld
    
	
 
    	
Name: Jeffrey   Schoenfeld
    
	
 
    	
Title: Assistant   Vice President
    
				

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}]]