EXHIBIT 4.1
AMENDMENT NO. 2 TO RIGHTS AGREEMENT
This Amendment No. 2 to Rights Agreement is entered into as of April 28,
2004, by and between Verilink Corporation (the "Company"), a Delaware
corporation and American Stock Transfer and Trust Company, a New York banking
corporation ("AST").
WHEREAS, the Company entered into a Rights Agreement (the "Initial Rights
Agreement") dated as of November 29, 2001, with EquiServe Trust Company, N.A. as
Rights Agent;
WHEREAS, the Company and AST entered into that certain Rights Agent
Appointment and Amendment No. 1 to Rights Agreement dated as of May 30, 2002
(together with the Initial Rights Agreement, the "Rights Agreement"), appointing
AST as Rights Agent and amending certain provisions of the Rights Agreement; and
WHEREAS, the Company desires to further amend the Rights Agreement;
NOW THEREFORE, in consideration of the foregoing and of other
consideration, the sufficiency of which is hereby acknowledged, the parties
agree as follows:
1. Section 1(c) of the Rights Agreement is amended by adding the following to
the end of Section 1(c)(iii):
Notwithstanding anything to the contrary contained in this Section
1(c), no Person shall be deemed the "Beneficial Owner" of, nor to
"beneficially own," securities as a result of an agreement in writing
with any other Person with respect to either the voting or the
registration of securities of the Company beneficially owned by such
other Person (or any of such other Person's Affiliates or Associates)
if such written agreement was entered into in connection with a merger
transaction that was approved by the Company's Board of Directors.
2. Except as expressly modified herein, the Rights Agreement shall remain in
full force and effect.
3. These foregoing amendments shall become effective as of the close of
business, Eastern Daylight Time, on April 28, 2004. This Amendment No. 2
may be executed in one or more counterparts, each of which shall together
constitute one and the same document.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date indicated above.
VERILINK CORPORATION
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President and Chief Executive Officer
AMERICAN STOCK TRANSFER & TRUST COMPANY
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇
Title: Vice President