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Rights Agreement

 

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Title:

Rights Agreement

Entities:

Metalline Mining Co.

Date:

2007

Size:

Preview shows 30KB of 144KB total

Price:

$60

ID:

#2904799

 

 

► Corporate ► Rights Agreements

 

 

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RIGHTS AGREEMENT
Dated as of June 11, 2007
between
METALLINE MINING COMPANY
and
OTC STOCK TRANSFER




TABLE OF CONTENTS

  Page
Section 1. Certain Definitions
1
Section 2. Appointment of Rights Agent
5
Section 3. Issue of Rights Certificates
5
Section 4. Form of Rights Certificates
6
Section 5. Countersignature and Registration
6
Section 6. Transfer, Split Up, Combination and Exchange of Rights Certificates; Mutilated, Destroyed, Lost or Stolen Rights Certificates
7
Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights
8
Section 8. Cancellation of Rights Certificates
9
Section 9. Reservation and Availability of Capital Stock
9
Section 10. Record Date for Securities Issued Upon Exercise.
11
Section 11. Adjustment of Purchase Price, Number and Kind of Shares or Number of Rights
11
Section 12. Certificate of Adjusted Purchase Price or Number of Shares
16
Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning Power
17
Section 14. Fractional Rights and Fractional Shares
20
Section 15. Rights of Action
21
Section 16. Agreement of Rights Holders
21
Section 17. Rights Certificate Holder Not Deemed a Stockholder
22
Section 18. Duties of Rights Agent
22
Section 19. Compensation and Indemnification of the Rights Agent
24
Section 20. Merger or Consolidation or Change of Name of Rights Agent
24
Section 21. Change of Rights Agent
25
Section 22. Issuance of New Rights Certificates
25
Section 23. Redemption and Termination
26
Section 24. Exchange
27
Section 25. Notice of Certain Events
28
Section 26. Notices
28
Section 27. Supplements and Amendments
29
Section 28. Successors
29
Section 29. Determinations and Actions by the Board, Etc.
29
Section 30. Benefits of this Agreement
30
Section 31. Severability
30
Section 32. Governing Law
30
Section 33. Counterparts
30
Section 34. Descriptive Headings
31


RIGHTS AGREEMENT

This Rights Agreement is entered into effective as of June 11, 2007 (the Agreement), between Metalline Mining Company, a Nevada corporation (the Company), and OTC Stock Transfer (the Rights Agent).

WHEREAS, on June 11, 2007 (the Rights Distribution Declaration Date), the Board of Directors of the Company declared a distribution of one common stock purchase right (a Right) for each share of Common Stock (as hereinafter defined) of the Company outstanding at the Close of Business (as hereinafter defined) on June 22, 2007 (the Record Date), and has authorized the issuance of one Right for each share of Common Stock of the Company issued and outstanding between the Record Date and the earliest of the Distribution Date, the Redemption Date and the Final Expiration Date (as such terms are hereinafter defined); provided, however that Rights may be issued with respect to shares of Common Stock that become outstanding after the Distribution Date and prior to the Expiration Date in accordance with Section 22; and

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

Section 1. Certain Definitions.

For purposes of this Agreement, the following terms have the meanings indicated:

(a) Acquiring Person shall mean any Person that, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 20% or more of the shares of Common Stock of the Company then outstanding, but shall not include (i) the Company, (ii) any Subsidiary of the Company, or (iii) any employee benefit plan of the Company or any Subsidiary of the Company, or any Person holding shares of Common Stock for or pursuant to the terms of any such employee benefit plan to the extent, and only to the extent, of such shares of Common Stock so held. Notwithstanding anything in this definition of Acquiring Person to the contrary:

 

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