Rights Agreement (2004)Full Document 

Start of Preview

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED
RIGHTS AGREEMENT

     This First Amendment to Second Amended and Restated Rights Agreement, dated as of July 27, 2004 (the “First Amendment”), is by and between Sea Pines Associates, Inc., a South Carolina corporation (the “Company”), and Wachovia Bank, N.A., a national banking association (the “Rights Agent”).

     WHEREAS, pursuant to Section 27 of that certain Second Amended and Restated Rights Agreement dated as of August 23, 1993, amended and restated as of July 20, 1999, amended as of December 13, 1999 and amended and restated as of August 5, 2003, between the Company and the Rights Agent (the “Rights Agreement”), the Company has determined to amend the Rights Agreement as hereinafter provided and has directed the Rights Agent to join in the amendment;

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Rights Agent agree as follows:

End of Preview