Document:

Exhibit 4.1

Exhibit 4.1

AMENDMENT TO RIGHTS AGREEMENT

THIS
AMENDMENT TO RIGHTS AGREEMENT (this “Amendment”) is
entered into as of
October 1, 2009, between Emulex Corporation, a Delaware corporation (the “Company”), and
Mellon Investor Services LLC, a New Jersey limited liability company, as Rights Agent (the
“Rights Agent”), with respect to the following:

A. The Company and the Rights Agent entered into that certain Rights Agreement, dated as of
January 15, 2009 (as amended, the “Agreement”); and

B. The Board of Directors of the Company have authorized the amendment of the Agreement to
amend the Final Expiration Date; and

C. Pursuant to Section 27 of the Agreement, prior to the Close of Business on the tenth day
following the Shares Acquisition Date, the Company may, in its sole and absolute discretion
supplement or amend any provision of the Agreement without the approval of any holders of Rights,
and upon the delivery of a certificate from an appropriate officer of the Company that states that
the proposed supplement or amendment complies with Section 27, the Rights Agent shall execute such
supplement or amendment.

NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree as follows:

1. Amendment of Final Expiration Date. Section 1(m) of the Agreement is hereby amended and
restated in its entirety as follows:

“(m)
“Final Expiration Date” means October 2, 2009.”

2. Amendment Controls. If this Amendment conflicts with or is inconsistent with any provision
contained in the Agreement, this Amendment shall control.

3. Definitions. Capitalized terms used herein and not otherwise defined shall have the
meanings given such terms in the Agreement. This Amendment shall be considered a part of the
Agreement.

4. Governing Law. This Amendment 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 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 entirely
performed within such State.

5. Counterparts. This Amendment may be executed by facsimile and 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.

 

 

 

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

	 	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	EMULEX CORPORATION	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Michael J. Rockenbach 

 

Name: Michael J. Rockenbach

Title:   Chief Financial Officer and 

Executive Vice President

	 	 
	 	By:
	 	/s/ James McCluney 

 

Name: James McCluney

Title:   President and Chief Executive Officer
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	MELLON INVESTOR

SERVICES LLC, as Rights Agent	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Sharon Knepper 

 

For - Name: James Kirkland

Title:   Relationship Manager
	 	 
	 	By:
	 	/s/ Mark Cano 

 

Name: Mark Cano

Title:   Relationship Manager
	 	 

 

2exv10w11e

Execution Copy

Exhibit 10.11E         

AMENDMENT NO. 3

     This Amendment No. 3 dated as of October 1, 2009 (this “Amendment”) is among Oil
States International, Inc., a Delaware corporation (the “U.S. Borrower”), PTI Group Inc., a
corporation amalgamated under the laws of the Province of Alberta (the “Canadian Borrower”
and, together with the U.S. Borrower, the “Borrowers”), each of the Guarantors, the Lenders
party hereto and Wells Fargo Bank, N.A. (“Wells Fargo”), as administrative agent (in such
capacity, the “Administrative Agent”) for the Lenders.

INTRODUCTION

     WHEREAS, the Borrowers, the lenders party thereto (the “Lenders”) and the
Administrative Agent are parties to the Credit Agreement dated as of October 30, 2003, as amended
by Amendment No. 1 dated as of January 31, 2005 and as amended by Amendment No. 2 dated as of
December 5, 2006 (as amended, supplemented or otherwise modified from time to time the “Credit
Agreement”).

     WHEREAS, the parties have agreed, to amend the Credit Agreement as described below.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements, representations
and warranties set forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows:

     Section 1. Definitions. Unless otherwise defined in this Amendment, terms used in
this Amendment that are defined in the Credit Agreement shall have the meanings assigned to such
terms in the Credit Agreement.

     Section 2. Amendments. The Credit Agreement is hereby amended as follows:

     (a) Section 1.01. The following new definition is added as follows:

“Third Amendment Effective Date” means October 1, 2009.

     (b) Section 1.01. The following definition is hereby amended in its entirety as
follows:

     “wholly owned Subsidiary” of any person shall mean (a) any Subsidiary of such
person of which securities (except for directors’ qualifying shares and, in the case
of PTI Holdco, the Exchangeable Shares) or other ownership interests representing
100% of the equity or 100% of the ordinary voting power are, at the time any
determination is being made, owned, controlled or held by such person or one or more
wholly owned Subsidiaries of such person or by such person and one or more wholly
owned Subsidiaries of such person or (b) any Subsidiary that is organized in a
foreign jurisdiction and is required by the applicable laws and

 

 

regulations of such foreign jurisdiction to be partially owned by the government of
such foreign jurisdiction or individual or corporate citizens of such foreign
jurisdiction, provided that such person, directly or indirectly, owns the remaining
Equity Interests in such Subsidiary and, by contract or otherwise, controls the
management and business of such Subsidiary and derives economic benefits of
ownership of such Subsidiary to substantially the same extent as if such Subsidiary
were a wholly-owned Subsidiary.

     (c) Section 6.04(a) of the Credit Agreement is hereby restated in its entirety as
follows:

          (a) [Reserved];

     (d) Section 6.04(g) of the Credit Agreement is hereby restated in its entirety as
follows:

          (g) [Reserved];

     (e) Section 6.04(i) of the Credit Agreement is hereby restated in its entirety as
follows:

     (i) the U.S. Borrower or any wholly owned Domestic Subsidiary or the Canadian
Borrower or any wholly owned Canadian Subsidiary may acquire all or substantially
all the assets of a person or line of business of such person, or Equity Interests
of a person that would become a wholly owned Subsidiary (in each case referred to
herein as the “Acquired Entity”); provided that (any acquisition of an Acquired
Entity meeting all the criteria of this Section 6.04(i) being referred to herein as
a “Permitted Acquisition”): (i) such acquisition was not preceded by an unsolicited
tender offer for such Equity Interests by, or proxy contest initiated by, the U.S.
Borrower or any Subsidiary; (ii) the Acquired Entity shall be a going concern and
shall be in a similar line of business as that of the Borrowers and the
Subsidiaries; and (iii) at the time of such transaction (A) both before and after
giving effect thereto, no Event of Default or Default shall have occurred and be
continuing; (B) the Borrowers would be in compliance with the covenants set forth in
Sections 6.10, 6.11 and 6.12 as of the most recently completed period of four
consecutive fiscal quarters ending prior to such transaction for which the financial
statements and certificates required by Section 5.04(a) or 5.04(b) have been
delivered or for which comparable financial statements have been filed with the
Securities and Exchange Commission, after giving pro forma effect to such
transaction and to any other event occurring during or after such period as to which
pro forma recalculation is appropriate (including any Asset Sale and any other
transaction described in this Section 6.04(i) occurring during or after such period)
as if such transaction had occurred as of the first day of such period; (C) after
giving effect to such acquisition, there must be at least U.S.$10,000,000 of the
Total Commitment unused and available; (D) with respect to any investment in a
Foreign Subsidiary (i) the consideration paid for such Acquired Entity is either the
Net Cash

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Proceeds of any Equity Issuance after the Third Amendment Effective Date by the U.S. Borrower or shares of
common Equity Interests of the U.S. Borrower and (ii) if such consideration is not
Net Cash Proceeds or Equity Interests as contemplated in sub-clause (i), the
aggregate amount (net of cash received by any Loan Party as a return on capital or
from the liquidation of such Equity Interest in a Foreign Subsidiary) at any time of
all investments in the Equity Interests of Foreign Subsidiaries does not exceed
$200,000,000 (or the U.S. Dollar equivalent at the time such investment is made).
All pro forma calculations required to be made pursuant to this Section 6.04(i)
shall (i) include only those adjustments that would be permitted or required by
Regulation S-X under the Securities Act of 1933, as amended and (ii) be certified to
by a Financial Officer as having been prepared in good faith based upon reasonable
assumptions;

     (f) Section 6.04(j) of the Credit Agreement is hereby restated in its entirety as
follows:

     (j) investments existing on the Third Amendment Effective Date set forth on
Schedule 6.04, as amended, supplemented or modified;

     (g) Section 6.04(l) of the Credit Agreement is hereby restated in its entirety as
follows:

     (l) other investments, loans and advances in an aggregate amount (valued at
cost or outstanding principal amount, as the case may be) not greater than the
greater of (i) U.S.$70,000,000 at any time outstanding or (ii) 15% of the U.S.
Borrower’s Tangible Net Worth calculated on the date of such investment, loan or
advance as of the most recent fiscal quarter for which financial statements are
available.

     (h) It is hereby acknowledged that Wells Fargo Securities, LLC is the lead arranger with
respect to the transactions evidenced by the Credit Agreement. The lead arranger shall not have
any powers, duties or responsibilities in such capacity under the Agreement or any of the other
Credit Documents.

     Section 3. Representations and Warranties. The Borrowers represent and warrant to the
Agents and the Lenders that:

     (a) the representations and warranties set forth in Article III of the Credit Agreement and in
each other Loan Document are true and correct in all material respects on and as of the date hereof
with the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date;

     (b) each Borrower and each other Loan Party are in compliance with all the terms and
provisions set forth in the Credit Agreement and in each other Loan Document on its part to be
observed or performed, and as of the date hereof, no Event of Default or Default has occurred and
is continuing;

-7-

 

     (c) there has been no material adverse change in the business, assets, operations, condition
(financial or otherwise) or prospects of the Borrowers and the Subsidiaries, taken as a whole,
since December 31, 2008; and

     (d) (i) the execution, delivery, and performance of this Amendment are within the corporate
power and authority of the Borrowers and each other Loan Party and have been duly authorized by
appropriate proceedings, and (ii) this Amendment constitutes a legal, valid, and binding obligation
of the Borrowers and each other Loan Party, enforceable in accordance with its terms, except as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting
the rights of creditors generally and general principles of equity.

     Section 4. Effectiveness. The Credit Agreement shall be amended as provided in this
Amendment upon the occurrence of the following conditions precedent:

     (a) the Administrative Agent shall have received duly and validly executed originals of this
Amendment on behalf of the Borrowers, the Guarantors, the Administrative Agent and the Required
Lenders; and

     (b) the Administrative Agent shall have received all Fees and other amounts due and payable on
or prior to the date of this Amendment, including, (i) an amendment fee to the Administrative Agent
for the account of each Lender (including Wells Fargo) that executes and delivers this Amendment to
the Administrative Agent (or its counsel) equal to 0.05% of such Lender’s Commitment, (ii) the fees
provided in the Fee Letter dated as of September 15, 2009 among the Borrowers and the
Administrative Agent and (iii) to the extent invoiced, reimbursement or payment of all
out-of-pocket expenses (including, without limitation, the reasonable fees, charges and
disbursements of counsel for the Administrative Agent) required to be reimbursed or paid by the
Borrowers hereunder or under any other Loan Document.

     Section 5. Reaffirmation of Guaranty and Liens.

     (a) Each Subsidiary of the U.S. Borrower that is listed on the signature pages to this
Amendment (each, a “Guarantor”) (i) is party to a Guarantee Agreement, guaranteeing payment
of the Obligations, (ii) has reviewed the Amendment and related documents, and (iii) waives any
defenses to the enforcement of its Guarantee Agreement that it may have, and agrees that according
to its terms such Guarantee Agreement will continue in full force and effect to guaranty the
Obligations under the Loan Documents, as the same may be amended, supplemented, or otherwise
modified, and such other amounts in accordance with the terms of such Guarantee Agreement.

     (b) The Borrowers and each Guarantor (i) are parties to certain Security Documents securing
and supporting the Obligations, (ii) have reviewed the Amendment and related documents, (iii) waive
any defenses that it may have to the enforcement of the Security Documents to which they are party,
and (iv) agree that according to their terms the Security Documents to which they are party will
continue in full force and effect to secure the Obligations under the Loan Documents, as the same
may be amended, supplemented, or otherwise modified, and (v) acknowledge, represent, and warrant
that the Liens and security interests created by the Security Documents are valid and subsisting
and create a first priority perfected security interest

-8-

 

subject to Liens expressly permitted by Section 6.02 of the Credit Agreement in the Collateral
to secure the Obligations.

     (c) The delivery of this Amendment does not indicate or establish a requirement that any
Guarantee Agreement or Security Document requires any Borrower’s or any Guarantor’s approval of
amendments to the Credit Agreement, but has been furnished as a courtesy at the Administrative
Agent’s request.

     Section 6. Effect on Credit Documents.

     (a) Except as amended herein, the Credit Agreement and the Loan Documents remain in full force
and effect as originally executed, and nothing herein shall act as a waiver of any of the
Administrative Agent’s or Lenders’ rights under the Loan Documents, as amended, including the
waiver of any Default or Event of Default, however denominated.

     (b) This Amendment is a Loan Document for the purposes of the provisions of the other Loan
Documents. Without limiting the foregoing, any breach of representations, warranties, and
covenants under this Amendment may be a Default or Event of Default under other Loan Documents.

     Section 7. Choice of Law. This Amendment shall be governed by and construed and
enforced in accordance with the laws of the State of Texas.

     Section 8. Counterparts. This Amendment may be signed in any number of counterparts,
each of which shall be an original. Delivery of an executed signature page to this Amendment by
facsimile transmission shall be as effective as delivery of a manually signed counterpart of this
Amendment.

[The remainder of this page has been left blank intentionally.]

-9-

 

EXECUTED to be effective as of the date first above written.

	 	 	 	 	 
	 	BORROWERS:

OIL STATES INTERNATIONAL, INC.

 	 
	 	by  	 	 
	 	 	Name:  	Bradley J. Dodson 	 
	 	 	Title:  	Vice President, Chief Financial Officer

and Treasurer 	 
	 
	 	PTI GROUP INC.

 	 
	 	by  	 	 
	 	 	Name:  	Mark Menard 	 
	 	 	Title:  	Chief Financial Officer and Treasurer 	 
	 
	 	GUARANTORS:

PTI INTERNATIONAL INC.

PTI PREMIUM CAMP SERVICES LTD.

PTI TRAVCO MODULAR STRUCTURES LTD.

CROWN CAMP SERVICES LTD.

PTI CAMP INSTALLATIONS LTD.

PTI INTERNATIONAL LTD.

892493 ALBERTA INC.

 	 
	 	each by   

	 	
 	 
	 	 	Name:  	Mark Menard 	 
	 	 	Title:  	Chief Financial Officer and Treasurer 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	A - Z TERMINAL CORPORATION

CAPSTAR DRILLING, L.L.C. 

ELENBURG EXPLORATION COMPANY, INC

GENERAL MARINE LEASING, LLC

OIL STATES ENERGY SERVICES, INC.

OIL STATES INDUSTRIES, INC.

OIL STATES MANAGEMENT, INC.

OIL STATES SKAGIT SMATCO, LLC

SOONER HOLDING COMPANY

SOONER INC.

SOONER PIPE GP, L.L.C.

SOONER PIPE, L.L.C.

SPECIALTY RENTAL TOOLS & SUPPLY,

          L.L.C. (fka Specialty Rental Tools &

          Supply, L.P. and Schooner Petroleum

          Services, Inc.)

STINGER WELLHEAD PROTECTION 

          INCORPORATED

 	 
	 	each by  

	 	
 	 
	 	 	Name:  	Bradley J. Dodson 	 
	 	 	Title:  	Vice President 	 
	 
	 	CAPSTAR DRILLING GP, L.L.C.

By:  Oil States Energy Services, Inc.,

        its sole member

 	 
	 	by  	 	 
	 	 	Name:  	Bradley J. Dodson 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	PTI REMOTE SITE SERVICES USA, INC.

STINGER WELLHEAD PROTECTION

(CANADA) INCORPORATED

 	 
	 	each by  

	 	 	 
	 	 	Name:  	Cindy B. Taylor 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	SOONER PIPE LP, L.L.C.

CAPSTAR DRILLING LP, L.L.C.

 	 
	 	each by  

	 	
 	 
	 	 	Name:  	Mary Alice Avery 	 
	 	 	Title:  	President 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as Administrative 
Agent and a U.S. Lender

 	 
	 	by  	

 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	WELLS FARGO FINANCIAL CORPORATION
 CANADA, as a
Canadian Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as a Canadian
 Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	SCOTIABANC INC., as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	CAPITAL ONE, N.A., as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a Canadian 
Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as a U.S. 
Lender and
a Canadian Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	CALYON NEW YORK BRANCH, as a U.S. 
Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	CREDIT SUISSE, CAYMAN ISLANDS
 BRANCH, as a U.S.
Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	CREDIT SUISSE TORONTO BRANCH, as a 
Canadian Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	THE TORONTO-DOMINION BANK, as a U.S. 
Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	THE TORONTO-DOMINION BANK, as a 
Canadian Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	AMEGY BANK N.A., as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC, as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a U.S. Lender

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Amendment No. 3

(Oil States International, Inc.)

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