Document:

Exhibit

4.02

 

AMENDMENT

NO. 1

TO

RIGHTS

AGREEMENT

 

Amendment

No. 1, dated as of January 29, 2002 (the “Amendment”), to the Rights

Agreement, dated as of September 12, 1994 (the “Rights Agreement”), by and

among Zamba Corporation (formerly known as Racotek, Inc.), a Delaware

corporation (the “Company”) and Wells Fargo Bank Minnesota, N.A. (formerly

known as Norwest Bank Minnesota, N.A.), as Rights Agent (the “Rights Agent”).

 

WITNESSETH:

 

WHEREAS, the

Company has changed its name from “Racotek, Inc.” to “Zamba Corporation” since

the original date of the Rights Agreement and desires to amend the Rights

Agreement to reflect this name change; and

 

WHEREAS, the

Rights Agent has changed its name from “Norwest Bank Minnesota, N.A.” to “Wells

Fargo Bank Minnesota, N.A.” since the original date of the Rights Agreement and

desires to amend the Rights Agreement to reflect this name change; and

 

WHEREAS, on

January 29, 2002, the Board of Directors of the Company, in accordance with

Section 27 of the Rights Agreement, determined it to be desirable and in the

best interests of the Company and its stockholders to supplement and amend

certain provisions of the Rights Agreement.

 

NOW, THEREFORE, in

consideration of the premises and the mutual agreements herein set forth, the parties

hereby agree as follows:

 

Section 1.  Amendments to Rights Agreement.  The following provisions of the Rights

Agreement are 

amended as follows:

 

(a)           The definition of “Acquiring Person”

in Section 1(a) of the Rights Agreement is hereby amended to read in its

entirety as follows:

 

“Acquiring

Person” shall mean any Person who or which, together with all Affiliates

and Associates of such Person, shall be the Beneficial Owner of 20% or more of

the Common Shares of the Company then outstanding, but shall not include (i)

the Company, (ii) any Subsidiary of the Company, (iii) any employee

benefit plan of the Company or any Subsidiary of the Company, (iv) any entity

holding Common Shares for or pursuant to the terms of any such plan, (v) any

Common Shares beneficially owned by the Company’s Chairman, Joseph B. Costello

(hereinafter “Costello”), or (vi) following the death of Costello, any Person

directly receiving Common Shares from Costello pursuant to the last will and

testament of Costello or, if no such will exists at the time of his death, then

pursuant to the laws of descent and distribution as may be applicable to his

estate upon his death; provided, however, that if Costello (or

any Person directly receiving Common Shares from Costello pursuant to clause

(vi) above) shall become the Beneficial Owner of 49.99% or more of the Common

Shares of the Company then outstanding, then Costello (or any Person directly

receiving Common Shares from Costello pursuant to clause (vi) above) shall be

deemed to be an Acquiring Person. 

Notwithstanding the foregoing, no Person shall become an “Acquiring

Person” as the result of an

 

 

acquisition of Common Shares by the Company which, by reducing the

number of shares outstanding, increases the proportionate number of shares

beneficially owned by such Person and such Person’s Affiliates and Associates

to 20% or more (or, with respect to Costello, 49.99% or more) of the Common

Shares of the Company then outstanding; provided, however, that

if a Person, together with such Person’s Affiliates and Associates, shall

become the Beneficial Owner of 20% or more (or, with respect to Costello,

49.99% or more) of the Common Shares of the Company then outstanding by reason

of share purchases by the Company and shall, after such share purchases by the

Company, such Person, together with its Affiliates and Associates, become the

Beneficial Owner of any additional Common Shares of the Company, then such

Person shall be deemed to be an “Acquiring Person.”

 

(b)           The legend set forth in Section 3(c)

of the Rights Agreement is hereby amended to read in its 

entirety as follows:

 

“This certificate also

evidences and entitles the holder hereof to certain rights (the “Rights”) as

set forth in a Rights Agreement between Zamba Corporation and Wells Fargo Bank

Minnesota, N.A., dated as of September 12, 1994, as amended to date (the

“Rights Agreement”), the terms of which are hereby incorporated herein by

reference and a copy of which is on file at the principal executive offices of

Zamba Corporation.  Under certain

circumstances, as set forth in the Rights Agreement, such Rights will be

evidenced by separate certificates and will no longer be evidenced by this

certificate.  Zamba Corporation will

mail to the holder of this certificate a copy of the Rights Agreement without

charge after receipt of a written request therefor.  As described in Section 11(a)(ii) of the Rights Agreement, Rights

beneficially owned by any Person who becomes an Acquiring Person (as defined in

the Rights Agreement) and certain other Persons shall become null and void.”

 

(c)           The name and address of the Company

set forth in Section 26 of the Rights Agreement is hereby amended to read in

its entirety as follows:

 

“Zamba Corporation

3033 Excelsior Boulevard, Suite 200

Minneapolis, MN 55416

Attention:  Corporate Secretary”

 

(d)           The name of the Rights Agent set

forth in Section 26 of the Rights Agreement is hereby amended to read in its

entirety as follows:

 

“Wells Fargo Bank

Minnesota, N.A.

161 North Concord Exchange

South St. Paul, MN 55075-0738

Attention:  Stock Transfer Department”

 

Section 2.  Amendment to Form of Right Certificate.  The first page of the Form of Right

Certificate to purchase Preferred Shares set forth in Exhibit B attached to the

Rights Agreement is hereby amended to read in its entirety as set forth in the

attachment hereto.

 

2

 

Section 3.  Amendment to Summary of Rights.  The form of Summary of Rights to Purchase

Preferred Shares set forth in Exhibit C attached to the Rights Agreement is

hereby amended to read in its entirety as set forth in the attachment hereto.

 

Section 4.  Rights Agreement as Amended.  The term “Agreement” as used in the Rights

Agreement shall be deemed to refer to the Rights Agreement as amended

hereby.  This Amendment shall be

effective as of the date hereof and, except as set forth herein, the Rights

Agreement shall remain in full force and effect and be otherwise unaffected

hereby.

 

Section 5.  Counterparts.  This Amendment 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.

 

3

 

IN WITNESS

WHEREOF, the parties have caused this Amendment to be duly executed and their

respective corporate seals to be hereunto affixed and attested, all as of the

dates set forth below.

 

	

  ZAMBA CORPORATION

  
	

   

  	

   

  
	

   

  	

   

  
	

  By:

  	

  /s/ Ian Nemerov

  
	

  Name:

  	

  Ian Nemerov

  
	

  Title:

  	

  General Counsel

  
	

   

  	

   

  
	

  Dated:

  	

  1-29-02

  
	

   

  	

   

  
	

   

  	

   

  
	

  WELLS FARGO BANK MINNESOTA, N.A.

  
	

   

  	

   

  
	

   

  	

   

  
	

  By:

  	

  /s/ Katherine M. Johnson

  
	

  Name:

  	

  Katherine M. Johnson

  
	

  Title:

  	

  Assistant Vice President

  
	

   

  	

   

  
	

  Dated:

  	

  January 29, 2002

  

 

4Exhibit

10.01

 

LEASE

TERMINATION AGREEMENT

 

THIS

LEASE TERMINATION AGREEMENT (“Termination Agreement”) is made

as of the 31st day of May, 2002 by and between EOP-NEW ENGLAND EXECUTIVE PARK, L.L.C.,

a Delaware limited liability company (“Landlord”) and ZAMBA

CORPORATION, a Delaware corporation (“Tenant”).

 

RECITALS:

 

A.                                   Landlord

and Tenant are parties to that certain lease dated May 31, 2000 (the “Lease”)

relating to approximately 11,049 rentable square feet, known as suite number

120 (the “Premises”) located on the 1st floor of the building

commonly known as New England Executive Park – Building No. 15, located at

Fifteen New England Executive Park – Burlington, Massachusetts  01803 (the “Building”), all as more

particularly described in the Lease.

 

B.                                     The Term is scheduled to expire on June 30, 2005

(the “Stated Termination Date”), and Tenant desires to terminate the Lease

prior to the Stated Termination Date. 

Landlord has agreed to such termination on the terms and conditions

contained in this Termination Agreement.

 

NOW,

THEREFORE, in consideration of the above recitals which by

this reference are incorporated herein, the mutual covenants and conditions

contained herein and other valuable consideration, the receipt and sufficiency

of which are hereby acknowledged, Landlord and Tenant agree as follows:

 

1.                                       Effective

as of May 15, 2002 (the “Early Termination Date”) and subject to the

agreements, representations, warranties and indemnities contained in this

Termination Agreement, including, without limitation, payment of the

Termination Fee described in Section 6 below, the Lease shall terminate and the

Term of the Lease shall expire with the same force and effect as if the Term

was, by the provisions thereof, fixed to expire on the Early Termination Date.

 

2.                                       Effective

as of the Early Termination Date, Tenant remises, releases, quitclaims and

surrenders to Landlord, its successors and assigns, the Lease and all of the

estate and rights of Tenant in and to the Lease and the Premises, and Tenant

forever releases and discharges Landlord from any and all claims, demands or

causes of action whatsoever against Landlord or its successors and assigns

arising out of or in connection with the Premises or the Lease and forever

releases and discharges Landlord from any obligations to be observed or

performed by Landlord under the Lease after the Early Termination Date.

 

3.                                       Subject

to the agreements, representations, warranties and indemnities contained in

this Termination Agreement, Landlord agrees to accept the surrender of the

Lease and the Premises from and after the Early Termination Date and, effective

as of the Early Termination Date, forever releases and discharges Tenant from

any obligations to be observed and performed by Tenant under the Lease after

the Early Termination Date, provided that Tenant has satisfied, performed and

fulfilled all of the agreements set forth in this Termination Agreement,

including, without limitation, the payment of the Termination Fee described in

Section 6 below, and further provided that each of the representations and

warranties set forth in Section 5 below are true and correct.

 

4.                                       On

or prior to the Early Termination Date, Tenant shall:

 

(a)                                  Fulfill

all covenants and obligations of Tenant under the Lease applicable to the

period prior to and including the Early Termination Date.

 

(b)                                 Completely

vacate and surrender the Premises to Landlord in accordance with the terms of

the Lease.  Without limitation, Tenant

shall leave the Premises in a broom-clean condition and free of all movable furniture

and equipment and shall deliver the keys to the Premises to Landlord or

Landlord’s designee. Notwithstanding anything to the contrary contained herein,

Landlord and Tenant hereby agree that the furniture, equipment and furnishings

described on the attached Exhibit A (the “Equipment”) shall remain in

the Premises following the Early Termination Date, provided, however, in no

event shall the Equipment include any furniture, equipment or furnishings which

are leased, and not owned

 

 

by Tenant. By execution of this Termination Agreement,

Tenant hereby quitclaims and transfers to Landlord one hundred percent (100%)

of any right, claim or ownership interest that Tenant now or may hereafter have

with respect to the Equipment.

 

5.                                       Tenant

represents and warrants that (a) Tenant is the rightful owner of all of

the Tenant’s interest in the Lease; (b) Tenant has not made any

disposition, assignment, sublease, or conveyance of the Lease or Tenant’s

interest therein; (c) Tenant has no knowledge of any fact or circumstance

which would give rise to any claim, demand, obligation, liability, action or

cause of action arising out of or in connection with Tenant’s occupancy of the

Premises; (d) no other person or entity has an interest in the Lease,

collateral or otherwise; and (e) there are no outstanding contracts for

the supply of labor or material and no work has been done or is being done in,

to or about the Premises which has not been fully paid for and for which

appropriate waivers of mechanic’s liens have not been obtained.  The foregoing representation and warranty

shall be deemed to be remade by Tenant in full as of the Early Termination

Date.

 

6.                                       Landlord

and Tenant hereby acknowledge and agree that, following the application of the

Security Deposit, as of May 15, 2002, Tenant was in default of the Lease as the

result of the non-payment of Base Rent and Additional Rent in an amount equal

to $20,902.91 (the “Arrearage”). 

Notwithstanding anything to the contrary contained herein or in the

Lease, Tenant and Landlord hereby acknowledge and agree that Landlord has

applied the Security Deposit (in the amount of $48,000.00) that Landlord was

holding pursuant to Article VI of the Lease against past due amounts of

Rent.  Therefore, within 1 day following

the execution of this Termination Agreement, Tenant shall pay to Landlord, by

wire transfer of immediately available funds to an account designated by

Landlord, the sum of $140,000.00 (the “Termination Fee”).  Landlord and Tenant hereby acknowledge and

agree that Landlord shall be permitted to apply a portion of the Termination

Fee in an amount equal to $20,902.91 against the Arrearage.  The payment of the entire Termination Fee in

the manner described above shall be a condition precedent to this Termination

Agreement.

 

7.                                       Section

XIV of the Lease  shall

survive the termination of the Lease pursuant to this Termination Agreement.

 

8.                                       Each

signatory of this Termination Agreement represents hereby that he or she has

the authority to execute and deliver the same on behalf of the party hereto for

which such signatory is acting.

 

9.                                       This

Termination Agreement shall be binding upon and inure to the benefit of

Landlord and Tenant and their respective successors, assigns and related

entities.

 

2

 

IN

WITNESS WHEREOF, Landlord and Tenant have executed this

Termination Agreement on the day and 

year first above

written.

 

	

  WITNESS/ATTEST:

  	

  LANDLORD:

  
	

   

  	

   

  
	

   

  	

  EOP-NEW ENGLAND EXECUTIVE PARK,

  L.L.C., a Delaware limited liability company

  
	

   

  	

   

  
	

   

  	

  By:

  	

  EOP Operating

  Limited Partnership, a Delaware limited partnership, its sole member

  
	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  Equity Office

  Properties Trust, a Maryland real estate investment trust, its general

  partner

  
	

   

  	

   

  
	

  /s/ Bobbi Constantine

  	

   

  	

   

  	

  By:

  	

  /s/ Maryann G. Suydam

  	

   

  
	

   

  	

   

  
	

  Name (print):  Bobbi

  Constantine

  	

   

  	

  Name:

  	

  Maryann G. Suydam

  
	

   

  	

   

  
	

   

  	

   

  	

   

  	

  Title:

  	

  Senior Vice President  Boston

  Region

  
	

   

  	

   

  	

   

  	

   

  
	

  Name (print):

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  WITNESS/ATTEST:

  	

  TENANT:

  
	

   

  	

   

  
	

   

  	

  ZAMBA CORPORATION, a Delaware

  corporation

  
	

   

  	

   

  
	

   

  	

  By:

  	

  /s/ Michael H.

  Carrel

  	

   

  
	

  /s/ Ian Nemerov

  	

   

  	

   

  
	

   

  	

  Name:

  	

  Michael H.

  Carrel

  
	

  Name (print)  :  Ian Nemerov

  	

   

  
	

   

  	

  Title:

  	

  CFO

  
	

  /s/ Mari Ann Baden

  	

   

  	

   

  
	

   

  	

   

  
	

  Name (print):  Mari Ann Baden

  	

   

  
												

 

3

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