Document:

extr-ex47_504.htm

 

Exhibit 4.7

 

Exhibit A

 

AMENDMENT NO. 7 TO 

AMENDED AND RESTATED RIGHTS AGREEMENT

 

 

This Amendment No. 7 ("Amendment No. 7") amends the Amended and Restated Rights Agreement dated as of April 26, 2012, as amended to date.  This Amendment No. 7 is effective as of May 31, 2019 (the “Amendment No. 7 Effective Date”), by and between Extreme Networks, Inc., a Delaware company (the "Company"), and Computershare Inc., a Delaware corporation, successor-in-interest to Computershare Shareowner Services LLC, as rights agent (the “Rights Agent”). Capitalized terms used herein but not defined herein shall have the meanings given to them in the Rights Agreement (as defined below). 

 

RECITALS

 

A.    The Company and the Rights Agent entered into that certain Amended and Restated Rights

Agreement, dated as of April 26, 2012, as amended by Amendment No. 1 dated April 30, 2013, Amendment No. 2 dated May 19, 2014, Amendment No. 3 dated May 14, 2015, Amendment No. 4 dated May 5, 2016, Amendment No. 5 dated May 9, 2017 and Amendment No. 6 dated June 1, 2018 (collectively referred to herein as the "Rights Agreement").

 

B.    The Board of Directors of the Company has determined that it is desirable and in the best interests of the Company and its shareholders for the Company to amend the Rights Agreement in order to extend the term of the Rights Agreement to May 31, 2020.

 

C.    Accordingly, the parties hereto desire to amend the Rights Agreement to extend the term of the Rights Agreement to May 31, 2020 pursuant to the terms of this Amendment No. 7.

 

D.    The Company has delivered to the Rights Agent a certificate from an appropriate officer of the Company stating that this Amendment No. 7 complies with Section 27 of the Rights Agreement, and has directed the Rights Agent to amend the Rights Agreement as set forth herein.

 

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

 

1.     Clause (i) of Section 7(a) of the Rights Agreement is hereby amended to read in its entirety as

follows: "May 31, 2020 (the "Final Expiration Date"),".

 

2.     The Rights Agreement, including all exhibits attached thereto, is hereby amended such that all references to the date May 31, 2019 are hereby amended to reference the date May 31, 2020.

 

3.     This Amendment No. 7 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 State; provided, however, that all provisions regarding the 

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rights, duties 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.

 

4.     This Amendment No. 7 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 but one and the same instrument.  A signature to this Amendment No. 7 executed and/or transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

    

5.     If any term, provision, covenant or restriction of this Amendment No.7 and/or the Rights Agreement, as amended by this Amendment No. 7, is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment No. 7 and/or the Rights Agreement, as amended by this Amendment No. 7, shall remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, however, that if any such excluded term, provision, covenant or restriction shall adversely affect the rights, immunities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately.

 

[SIGNATURE PAGE FOLLOWS]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 7 to the Rights Agreement to be duly executed as of the latest date below.

 

 

EXTREME NETWORKS, INC.COMPUTERSHARE INC.

 

 

By:  /s/ Katy MotieyBy:    /s/ David L. Adamson

 

Title:  Chief Administrative OfficerTitle:  Senior Vice President

 

Date:  August 20, 2019Date:  August 21, 2019

 

 

3Exhibit

Exhibit 4.4

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 
The following description of the common stock of Bottomline Technologies (de), Inc. (“we”, “us” and “our”) is based upon, and is qualified by reference to, our amended and restated certificate of incorporation, as amended (“Certificate of Incorporation”) and our amended and restated by-laws, as amended (“By-laws”), each of which is incorporated by reference as an exhibit to our most recent Annual Report on Form 10-K. The terms of our common stock are also subject to and qualified by the applicable provisions of the General Corporation Law of the State of Delaware (“DGCL”).  
Our authorized capital stock consists of 100,000,000 shares of common stock, $0.001 par value per share, and 4,000,000 shares of preferred stock, $0.001 par value per share.  
Common Stock 
Annual Meeting. Annual meetings of our stockholders are held on the date designated in accordance with our By-laws. Written notice must be mailed to each stockholder entitled to vote not less than ten nor more than 60 days before the date of the meeting. The presence in person or by proxy of the holders of record of a majority of our issued and outstanding shares entitled to vote at such meeting constitutes a quorum for the transaction of business at meetings of the stockholders. Special meetings of the stockholders may be called for any purpose by the chairman of the board of directors, the chief executive officer, president or the board of directors. Except as may be otherwise provided by applicable law, our Certificate of Incorporation or our By-laws, all elections shall be decided by a plurality, and all other questions shall be decided by a majority, of the votes cast by stockholders entitled to vote thereon at a duly held meeting of stockholders at which a quorum is present.
Voting Rights. Each holder of common stock is entitled to one vote for each share held on all matters to be voted upon by stockholders.
Dividends. The holders of common stock, after any preferences of holders of any preferred stock, are entitled to receive dividends when and if declared by the board of directors out of legally available funds.
Liquidation and Dissolution. If we are liquidated or dissolved, the holders of the common stock will be entitled to share in our assets available for distribution to stockholders in proportion to the amount of common stock they own. The amount available for common stockholders is calculated after payment of liabilities. Holders of any preferred stock will receive a preferential share of our assets before the holders of the common stock receive any assets.
Other Rights. Holders of the common stock have no right to: 
 
	
				
	 
	 
	 
	convert the stock into any other security; 

 
	
				
	 
	 
	 
	have the stock redeemed; 

 
	
				
	 
	 
	 
	purchase additional stock; or 

 
	
				
	 
	 
	 
	maintain their proportionate ownership interest. 

The common stock does not have cumulative voting rights. Holders of shares of the common stock are not required to make additional capital contributions. 
Transfer Agent and Registrar. Computershare is transfer agent and registrar for the common stock. 
Provisions of Our Certificate of Incorporation and By-laws and Delaware Law That May Have Anti-Takeover Effects 
Board of Directors. Our By-laws provide that our board of directors is divided into three classes, with no class having more than one director more than any other class. Each class is elected to a term expiring at the annual meeting of stockholders held 

in the third year following the year of such election. The number of directors comprising our board of directors is fixed from time to time by the board of directors, but in no event may be less than three. 
Removal of Directors by Stockholders. Delaware law provides that members of our board of directors may only be removed for cause by a vote of the holders of a majority of the outstanding shares entitled to vote on the election of the directors.
Stockholder Nomination of Directors. Our By-laws provide that a stockholder must notify us in writing of any stockholder nomination of a director not less than 60 days nor more than 90 days prior to our stockholder meeting; provided, however, that if we give stockholders less than 70 days’ notice or prior public disclosure of the date of the meeting, such notice must have given to us no later than the close of business on the tenth day following the date on which the notice of the meeting was mailed or such public disclosure was made, whichever occurs first.
No Action By Written Consent. Our Certificate of Incorporation provides that our stockholders may not act by written consent and may only act at duly called meetings of stockholders.
Issuance of “Blank Check” Preferred Stock. We are authorized to issue “blank check” preferred stock, which may be issued in one or more series upon authorization of our board of directors. A series of our preferred stock could, depending on the terms of such series, impede the completion of a merger, tender offer or other takeover attempt. Our board of directors will make any determination to issue preferred shares based upon its judgment as to the best interests of our stockholders. Our directors, in so acting, could issue preferred stock having terms that could discourage an acquisition attempt through which an acquirer may be able to change the composition of our board of directors, including a tender offer or other transaction that some, or a majority, of our stockholders might believe to be in their best interests or in which stockholders might receive a premium for their stock over the then-current market price of the stock.
Delaware Business Combination Statute. Section 203 of the DGCL is applicable to us. Section 203 of the DGCL restricts some types of transactions and business combinations between a corporation and a 15% stockholder. A 15% stockholder is generally considered by Section 203 to be a person owning 15% or more of the corporation’s outstanding voting stock. Section 203 refers to a 15% stockholder as an “interested stockholder.” Section 203 restricts these transactions for a period of three years from the date the stockholder acquires 15% or more of our outstanding voting stock. With some exceptions, unless the transaction is approved by the board of directors and the holders of at least two-thirds of the outstanding voting stock of the corporation, Section 203 prohibits significant business transactions such as: 
 
	
				
	 
	 
	 
	a merger with, disposition of significant assets to or receipt of disproportionate financial benefits by the interested stockholder, and 

 
	
				
	 
	 
	 
	any other transaction that would increase the interested stockholder’s proportionate ownership of any class or series of our capital stock. 

The shares held by the interested stockholder are not counted as outstanding when calculating the two-thirds of the outstanding voting stock needed for approval. 
The prohibition against these transactions does not apply if: 
 
	
				
	 
	 
	 
	prior to the time that any stockholder became an interested stockholder, the board of directors approved either the business combination or the transaction in which such stockholder acquired 15% or more of our outstanding voting stock, or 

 
	
				
	 
	 
	 
	the interested stockholder owns at least 85% of our outstanding voting stock as a result of a transaction in which such stockholder acquired 15% or more of our outstanding voting stock. Shares held by persons who are both directors and officers or by some types of employee stock plans are not counted as outstanding when making this calculation.

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