SUPPLEMENTAL INDENTURE
5-1/2% Convertible Subordinated Notes Due 2003
SUPPLEMENTAL INDENTURE dated as of June 15, 1999, among
JACK ASSET SUB INC., a Delaware corporation ("New Nine West"),
XXXX ACQUISITION SUB INC., a Delaware Corporation ("Xxxx"), and
THE CHASE MANHATTAN BANK, as trustee (the "Trustee").
Whereas there has heretofore been executed and delivered to the Trustee
an Indenture dated as of June 26, 1996 (the "Indenture"), providing for the
issuance of Nine West Group Inc.'s, a Delaware corporation ("Nine West"), 5-
1/2% Convertible Subordinated Notes Due 2003 (the "Securities");
Whereas Section 10.1 of the Indenture provides that New Nine West and
the Trustee may enter into a supplemental indenture to the Indenture without
the written consent of the Holders of the Securities;
Whereas Xxxx and New Nine West desire to have certain provisions of the
Indenture supplemented, as set forth herein;
Whereas Xxxxx Apparel Group, Inc. ("Xxxxx") has acquired Nine West
through a merger (the "Merger") of its wholly owned subsidiary, Xxxx, with
Nine West, and concurrently transferred the assets of Nine West to Xxxxx'
wholly owned subsidiary, New Nine West (the "Acquisition");
Whereas New Nine West is successor to Nine West following the
Acquisition and, pursuant to Section 11.2 of the Indenture, is to become
obligor of the Securities;
Whereas pursuant to Section 14.6 of the Indenture, in connection with
the Agreement and Plan of Merger dated as of March 1, 1999, among Xxxxx, Xxxx
and Nine West (the "Merger Agreement"), New Nine West is required to offer to
Holders of the Securities the option to convert their Securities into the
kind and amount of shares offered by Xxxxx in the Merger; and
Whereas all things necessary to make this Supplemental Indenture a valid
agreement, in accordance with its terms, have been done.
Now, Therefore, this Supplemental Indenture witnesseth that, for and in
consideration of the premises, it is mutually covenanted and agreed, for the
equal and proportionate benefit of all Holders of the Securities, as follows:
1. Definitions. Capitalized terms used in this Supplemental Indenture
and not otherwise defined herein shall have the respective meanings set forth
in the Indenture.
2. Offer to Holders and Xxxx as Successor Obligor. As a result of the
Merger, each Security shall be convertible into the kind and amount of
shares of stock and other assets receivable upon the effectiveness of the
Merger by a holder of shares of Common Stock issuable upon conversion of such
Security immediately prior to the Merger, all as contemplated by Section 14.6
of the Indenture, and Xxxx xxxxxx agrees to be the obligor hereunder and the
obligor under the Indenture and the Securities and hereby assumes the due and
punctual payment of the principal of, premium, if any, and interest on all of
the Securities and the due and punctual performance of all of the covenants
and conditions of the Indenture of Nine West, and Nine West is hereby
released in full from all of its obligations hereunder and under the
Indenture and the Securities.
3. New Nine West as Successor Obligor. As a result of the Acquisition,
New Nine West hereby agrees to be the obligor hereunder and the obligor under
the Indenture and any and all Securities that remain outstanding and hereby
assumes the due and punctual
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payment of the principal of, premium, if any, and interest on all of the
Securities and the due and punctual performance of all of the covenants and
conditions of the Indenture of Xxxx, and Xxxx is hereby released in full
from all of its obligations hereunder and under the Indenture and the
Securities.
4. Instruments To Be Read Together. This Supplemental Indenture is an
indenture supplemental to and in implementation of the Indenture, and said
Indenture and this Supplemental Indenture shall henceforth be read together.
5. Confirmation. The Indenture as amended and supplemented by this
Supplemental Indenture is in all respects confirmed and preserved.
6. Headings of Sections. The headings of the Sections of this
Supplemental Indenture have been inserted for convenience of reference only,
and are not to be considered a part hereof and shall in no way modify or
restrict any of the terms and provisions hereof.
7. Governing Law. This Supplemental Indenture shall be deemed to be a
contract made under the substantive laws of New York and for all purposes
shall be construed in accordance with the substantive laws of New York
without regard to conflicts of law principles thereof.
8. Counterparts. This Supplemental Indenture may be executed in any
number of counterparts, each of which so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the
same instrument.
9. Effectiveness; Termination. The provisions of this Supplemental
Indenture will take effect immediately upon the consummation of the Merger
and the Acquisition.
10. Acceptance by Trustee. The Trustee accepts the supplements to the
Indenture effected by this Supplemental Indenture and agrees to execute the
trusts created by the Indenture as hereby amended, but only upon the terms
and conditions set forth in the Indenture.
11. Responsibility of Trustee. The recitals contained herein shall be
taken as the statements of New Nine West and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Supplemental Indenture.
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In Witness Whereof, the parties hereto have caused this Supplemental
Indenture to be duly executed, all as of the date first written above.
JACK ASSET SUB INC.,
Attest: By /s/ Xxx X. Xxxxxx
Name: Name: Xxx X. Xxxxxx
Title: Title: President
XXXX ACQUISITION SUB INC.,
Attest: By /s/ Xxx X. Xxxxxx
Name: Name: Xxx X. Xxxxxx
Title: Title: Secretary
THE CHASE MANHATTAN BANK, as
Trustee,
Attest: By /s/ X. X. Xxxxx
Name: Name: X. X. Xxxxx
Title: Title: Vice President
