SUPPLEMENTAL INDENTURE
EXHIBIT
10.4
SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of January 19, 2006,
among MSX International, Inc., a Delaware corporation (the “Issuer”), Creative Technology
Services, L.L.C., a Michigan limited liability company (“CTS”), and BNY Midwest Trust
Company (successor to IBJ Xxxxxxxx Bank & Trust Company), an Illinois trust company, as trustee
(the “Trustee”) under the Indenture referred to below.
WITNESSETH:
WHEREAS the Issuer and the Subsidiary Guarantors named therein have heretofore executed and
delivered to the Trustee an Indenture (as such may be amended from time to time, the
“Indenture”), dated as of January 15, 1998, providing for the issuance of 11 3/8% Senior
Subordinated Notes due 2008 issued by the Issuer (the “Notes”);
WHEREAS Section 11.6 of the Indenture provides that under certain circumstances a Guarantor
may be released from its Guarantee upon the sale of all of its Capital Stock to any Person that is
not a Subsidiary of the Company by execution and delivery to the Trustee of a supplemental
indenture; and
WHEREAS pursuant to Section 9.1(5) of the Indenture, the Trustee and the Issuer are authorized
to execute and deliver this Supplemental Indenture;
NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Issuer, CTS and the Trustee
mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
1. Definitions. (a) Capitalized terms used herein without definition shall have the
meanings assigned to them in the Indenture.
(b) For all purposes of this Supplemental Indenture, except as otherwise herein expressly
provided or unless the context otherwise requires: (i) the terms and expressions used herein shall
have the same meanings as corresponding terms and expressions used in the Indenture; and (ii) the
words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Indenture refer to this Supplemental Indenture as a whole and not to any particular section hereof.
2. Release of Guarantee. Each of the parties hereto hereby agrees that from and after
the date hereof, CTS (a) is irrevocably and unconditionally released and discharged from and in
respect of any and all claims, causes of action, liabilities and obligations of any nature
whatsoever, inchoate or mature, know or unknown, whether or not asserted heretofore, arising or
related to its Guarantee in accordance with Section 11.6 of the Indenture, and (b) shall no longer
be a Subsidiary Guarantor for any purpose under the Indenture or the Notes.
3. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the
terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or
hereafter authenticated and delivered shall be bound hereby.
4. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY.
5. Trustee Makes No Representation. The Trustee makes no representation as to the
validity or sufficiency of this Supplemental Indenture. The recitals and statements herein are
deemed to be those of the Issuers and CTS and not of the Trustee.
6. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement.
7. Effect of Headings. The Section headings herein are for convenience only and shall
not affect the construction thereof.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written.
MSX INTERNATIONAL, INC. |
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By: | /s/ Xxxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxxx X. Xxxxxxx | |||
Title: | Executive Vice President and
Chief Financial Officer |
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CREATIVE TECHNOLOGY SERVICES, L.L.C. |
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By: | /s/ Xxxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxxx X. Xxxxxxx | |||
Title: | Vice President | |||
BANK OF NEW YORK TRUST COMPANY N.A. as Trustee |
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By: | /s/ Xxxxxx Xxxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxxx | |||
Title: | Assistant Vice President | |||