Amendment No. 1 to Rights Agreement, dated as of March 4, 2022, between Warrior Met Coal, Inc. and Computershare Trust Company, N.A., as Rights Agent

Contract Categories: Business Finance - Trust Agreements
EX-4.1 2 exhibit41amendmentno1torig.htm EX-4.1 Document



This Amendment No. 1 (this “Amendment”) to the Rights Agreement is made and entered into as of March 4, 2022, by and between Warrior Met Coal, Inc., a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company, as Rights Agent (the “Rights Agent”). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Rights Agreement.
WHEREAS, the Company and the Rights Agent have entered into that certain Rights Agreement, dated as of February 14, 2020 (the “Rights Agreement”);
WHEREAS, on March 4, 2022, the Board determined that it is in the best interests of the Company and its stockholders to amend the Rights Agreement on the terms set forth herein;
WHEREAS, pursuant to Section 26 of the Rights Agreement, so long as the Rights (as defined in the Rights Agreement) are still redeemable, the Company may, and the Rights Agent shall, if the Company so directs, supplement or amend any provision of the Rights Agreement in any respect in accordance with the provisions of such section, and as of the date hereof, the Rights are redeemable; and
WHEREAS, pursuant to the terms of the Rights Agreement and in accordance with Section 26 thereof, the Company has directed that the Rights Agreement be amended as set forth in this Amendment;
NOW, THEREFORE, in consideration of the Recitals, the mutual covenants and agreements contained in this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Rights Agreement as follows:
1.Sections. Section references herein shall refer to the applicable Section in the Rights Agreement.
2.1     Section 7.1, Exhibit B (Form of Right Certificate) and Exhibit C (Summary of Rights) of the Rights Agreement are amended by deleting “February 14, 2023” where it appears and replacing it with “April 19, 2026.”
2.2     Section 7.2, Exhibit B (Form of Right Certificate) and Exhibit C (Summary of Rights) of the Rights Agreement are amended by deleting “$31.00” where it appears and replacing it with “$56.00.”
3.No Further Amendments. Except as expressly provided in this Amendment, all of the terms, covenants, agreements, and conditions of the Rights Agreement shall remain in full force and effect.

4.Counterparts. This Amendment may be signed in counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. A signature to this Amendment transmitted electronically shall have the same authority, effect, and enforceability as an original signature.
5.Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws of the State of Delaware, without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction).
6.Entire Agreement. The Rights Agreement as amended by this Amendment contains the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes and is in full substitution for any and all prior oral or written agreements and understandings between them related to such subject matter, and neither party hereto shall be liable or bound to the other party hereto in any manner with respect to such subject matter by any covenants or agreements except as specifically set forth herein.
7.Effective Date; Certification. Upon the execution and delivery of a counterpart hereof by each of the parties hereto, this Amendment shall be deemed effective as of the date first written above (the “Amendment Effective Date”), as if executed on such date. The officer of the Company executing this Amendment hereby certifies to the Rights Agent that the amendments to the Rights Agreement set forth in this Amendment are in compliance with the terms of Section 26 of the Rights Agreement and the certification contained in this Section 7 shall constitute the certification required by Section 26 of the Rights Agreement.
[Signature page follows]

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
By:    /s/ Dale W. Boyles    
Name:    Dale W. Boyles
Title:    Chief Financial Officer
By:    /s/ Shirley A. Nessralla    
Name:    Shirley A. Nessralla
Title:    Vice President & Manager