CHEMTURA CORPORATION, THE GUARANTORS NAMED HEREIN and AS TRUSTEE
CHEMTURA
CORPORATION,
THE
GUARANTORS NAMED HEREIN
and
U.S.
BANK NATIONAL ASSOCIATION,
AS
TRUSTEE
SUPPLEMENTAL
INDENTURE NO. 1
Dated as
of November 10, 2010
to
INDENTURE
Dated as
of August 27, 2010
between
CHEMTURA
CORPORATION,
and
U.S. BANK
NATIONAL ASSOCIATION,
AS
TRUSTEE
$455,000,000
7.875%
Senior Notes due 2018
SUPPLEMENTAL INDENTURE NO.
1, dated as of November 10, 2010,
among Chemtura Corporation, a Delaware Corporation (the “Company”), the subsidiaries of
the Company named on the signature pages hereto (the “Guarantors”) and U.S. Bank
National Association, as trustee (the “Trustee”) under the hereafter
defined Indenture.
WHEREAS the Company heretofore
executed and delivered to the Trustee an Indenture dated as of August 27, 2010
(the “Indenture”),
providing for the issuance of up to $455,000,000 aggregate principal amount of
the Company’s 7.875%
Senior Notes due 2018 (the “Notes”); and
WHEREAS, pursuant to the terms
of the Escrow Agreement, the Escrow Proceeds have been deposited into the escrow
account pending satisfaction of the release conditions set forth in such Escrow
Agreement; and
WHEREAS, the execution and
delivery of this Supplemental Indenture has been duly and validly authorized by
the Company and each of the Guarantors; and
WHEREAS, pursuant to Section
9.01 of the Indenture, the Trustee is authorized to execute and deliver this
Supplemental Indenture; and
WHEREAS, all the conditions
and requirements necessary to make this Supplemental Indenture a valid, binding
and legal instrument in accordance with its terms have been performed and
fulfilled by the parties hereto and the execution and delivery thereof have been
in all respects duly authorized by the parties hereto.
NOW, THEREFORE, in
consideration of the above premises, each party agrees, for the benefit of the
others and for the equal and ratable benefit of the Holders of the Notes, as
follows:
ARTICLE
ONE
REAFFIRMATION
AND ACCESSION
SECTION
1.01. Reaffirmation. The
Company hereby expressly and unconditionally reaffirms each and every covenant,
agreement and undertaking of such party in the Indenture.
SECTION
1.02. Guarantees and Accession of
Guarantees. Each
Guarantor hereby fully and unconditionally guarantees, on a senior, joint and
several basis, the Obligations to the extent provided in, and subject to the
limitations set forth in, Article Ten of the Indenture, and further expressly
and unconditionally agrees to be bound by each and every other covenant,
agreement and undertaking of such Guarantor in the Indenture.
ARTICLE
TWO
MISCELLANEOUS
PROVISIONS
SECTION
2.01. Terms Defined.
For all
purposes of this Supplemental Indenture, except as otherwise defined or unless
the context otherwise requires, terms used in capitalized form in this
Supplemental Indenture and defined in the Indenture have the meanings specified
in the Indenture.
1
SECTION
2.02. Indenture.
Except as
amended hereby, the Indenture and the Notes are in all respects ratified and
confirmed and all the terms shall remain in full force and
effect.
SECTION
2.03. Governing Law.
THIS
SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.
SECTION
2.04. Successors.
All
agreements of the Company in this Supplemental Indenture and the Notes shall
bind their respective successors.
SECTION
2.05.Multiple
Counterparts. This
Supplemental Indenture may be signed 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 Supplemental
Indenture.
SECTION
2.06.Effectiveness.
The
provisions of this Supplemental Indenture will take effect immediately upon its
execution and delivery by the Trustee in accordance with the provisions of the
Indenture.
SECTION
2.07. Trustee Disclaimer.
The
Trustee accepts the amendment of the Indenture effected by this Supplemental
Indenture and agrees to execute the trust created by the Indenture as hereby
amended, but only upon the terms and conditions set forth in the Indenture,
including the terms and provisions defining and limiting the liabilities and
responsibilities of the Trustee, which terms and provisions shall in like manner
define and limit its liabilities and responsibilities in the performance of the
trust created by the Indenture as hereby amended, and without limiting the
generality of the foregoing, the Trustee shall not be responsible in any manner
whatsoever for or with respect to any of the recitals or statements contained
herein, all of which recitals or statements are made solely by the Company and
the Guarantors, or for or with respect to (i) the validity or sufficiency of
this Supplemental Indenture or any of the terms or provisions hereof, (ii) the
proper authorization hereof by the Company and each Guarantor by corporate
action or otherwise, (iii) the due execution hereof by the Company and each
Guarantor and (iv) the consequences (direct or indirect and whether deliberate
or inadvertent) of any amendment herein provided for, and the Trustee makes no
representation with respect to any such matters.
SECTION
2.08. Jurisdiction.
The
Company and each Guarantor agree that any legal suit, action or proceeding
arising out of or based upon this Supplemental Indenture, the Note Guarantee or
the Notes or the transactions contemplated hereby or thereby may be instituted
in the federal courts of the United States of America located in The City of New
York or the courts of the State of New York in each case located in The City of
New York (collectively, the “Specified Courts”), and each
party irrevocably submits to the non-exclusive jurisdiction of such courts in
any such suit, action or proceeding. Service of any process, summons,
notice or document by mail to such party’s address set forth above shall be
effective service of process for any suit, action or other proceeding brought in
any such court. The parties (to the fullest extent permitted by
applicable law) irrevocably and unconditionally waive any objection to the
laying of venue of any suit, action or other proceeding in the Specified Courts
and irrevocably and unconditionally waive and agree not to plead or claim in any
such court that such suit, action or proceeding has been brought in an
inconvenient forum.
2
IN WITNESS WHEREOF, the
parties hereto have caused this Supplemental Indenture No. 1 to be
duly executed as of the date first written above.
CHEMTURA
CORPORATION
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By:
|
/s/ Xxxxxxx X.
Xxxxxxx
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Name:
Xxxxxxx X. Xxxxxxx
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Title: Executive
Vice President and
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Chief
Financial Officer
|
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BIOLAB
FRANCHISE COMPANY, LLC
|
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BIO-LAB,
INC.
|
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CROMPTON
COLORS INCORPORATED
|
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CROMPTON
HOLDING CORPORATION
|
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GLCC
LAUREL, LLC
|
|||
GREAT
LAKES CHEMICAL CORPORATION
|
|||
GREAT
LAKES CHEMICAL GLOBAL, INC.
|
|||
GT
SEED TREATMENT, INC.
|
|||
HOMECARE
LABS, INC.
|
|||
LAUREL
INDUSTRIES HOLDINGS, INC.
|
|||
RECREATIONAL
WATER PRODUCTS, INC.
|
|||
XXXXX
CITY ROAD LLC
|
|||
By:
|
/s/ Xxxxxx X.
Xxxxxx
|
||
Name:
Xxxxxx X. Xxxxxx
|
|||
Title: Secretary
|
3
TRUSTEE
|
|||
U.S.
BANK NATIONAL ASSOCIATION,
|
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as
Trustee,
|
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By:
|
/s/ Xxxxxxx X. Xxxxxxxxxx | ||
Name: Xxxxxxx
X. Xxxxxxxxxx
|
|||
Title: Vice
President
|
4