AMENDMENT NO. 1 TO THE
SHAREHOLDER RIGHTS AGREEMENT
OF ANADIGICS, INC.
This Amendment No. 1 (the "Amendment") to the Rights Agreement dated as of
December 17, 1998 (the "Rights Agreement") between ANADIGICS, INC., a Delaware
corporation (the "Company"), and ChaseMellon Shareholder Services, L.L.C., a New
Jersey limited liability company, as Rights Agent, is entered into as of
November 30, 2000. Unless the context indicates otherwise, capitalized terms
used without definition herein shall have the meanings ascribed to such terms in
the Rights Agreement.
W I T N E S S E T H :
WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company
desires to amend the Rights Agreement to amend the definition of "Substantial
Block";
NOW, THEREFORE, in consideration of the premises and the mutual agreements
herein set forth, the parties hereby agree as follows:
Section 1. Amendment of Section 1.
The definition of "Substantial Block" within Section 1 of the Rights
Agreement is amended to read in its entirety as follows:
"Substantial Block" shall mean a number of shares of the Voting Stock
which has 18% or more of the aggregate voting power of all outstanding
shares of Voting Stock."
Section 2. Effectiveness. This Amendment shall be deemed effective as of
the date first above written, as if executed on such date. Except as amended
hereby, the Agreement shall remain in full force and effect and shall be
otherwise unaffected hereby.
Section 3. 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 con-
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strued in accordance with the laws of such State applicable to contracts to be
made and performed entirely within such State except that the rights, duties and
obligations of the Rights Agent under this Amendment shall be governed by and
construed in accordance with the laws of the State of New York.
Section 4. 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.
Section 5. Descriptive Headings. Descriptive headings of the several
Sections of this Amendment are inserted for convenience only and shall not
control or affect the meaning or construction of any of the provisions hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and their respective corporate seals to be hereunto affixed and
attested, all as of the day and year first above written.
ANADIGICS, INC.
By: /s/ Thomas C. Shields
---------------------------------
Name: Thomas C. Shields
Title: Chief Financial Officer
CHASEMELLON SHAREHOLDER SERVICES, L.L.C.,
as Rights Agent
By: /s/ Robert G. Scott
---------------------------------
Name: Robert G. Scott
Title: Vice President
