GRAHAM PACKAGING COMPANY INC.
Exhibit 10.8
XXXXXX PACKAGING COMPANY INC.
0000 Xxxxxxxx Xxxxxx Xxxx
Xxxx, Xxxxxxxxxxxx 00000
January 25, 2010
[ ]
c/o Graham Packaging Company Inc.
0000 Xxxxxxxx Xxxxxx Xxxx
Xxxx, Xxxxxxxxxxxx 00000
Re: | Public Offering of Common Stock |
Dear [ ]:
Reference is made to that certain Management Stockholders’ Agreement, dated as of February 3, 1998 (the “Management Stockholders’ Agreement”), among Blackstone Capital Partners III Merchant Banking Fund L.P., a Delaware limited partnership, Blackstone Offshore Capital Partners III L.P., a Cayman Islands exempted limited partnership, Blackstone Family Investment Partnership III L.P., a Delaware limited partnership, Xxxxxx Packaging Company Inc. (f/k/a, BMP/Xxxxxx Holdings Corporation), a Delaware corporation (the “Company”), Xxxxxx Packaging Holdings Company, a Pennsylvania limited partnership (“Holdings”), GPC Capital Corp. II, a Delaware corporation, and you and the other parties identified on the signature pages thereto or to the supplementary agreements referred to in Section 8.12 thereof as Management Investors. Terms used but not defined in this letter (this “Letter”) shall have the respective meanings set forth in the Management Stockholders’ Agreement.
This Letter is being delivered to you in connection with a proposed underwriting agreement (the “Underwriting Agreement”) relating to a Public Offering, to be entered into among the Company, Holdings, you and the other selling stockholders named in Schedule II thereof, and the financial institutions parties thereto as representatives of a group of underwriters named therein (collectively, the “Underwriters”).
In order to induce the Underwriters to enter into the Underwriting Agreement, it has been requested that you hereby agree to:
(a) effective immediately upon the consummation of the Public Offering pursuant to the Underwriting Agreement, terminate your rights under (i) Sections 3.5 (Tag-Along Rights) and 4.1 (Put Options) of the Management Stockholders’ Agreement, and (ii) the Registration Rights Agreement; and
(b) become a party to the registration rights agreement in substantially the form attached hereto as Exhibit A.
This Letter may be executed and delivered by facsimile transmission or e-mail (as a .pdf or similar uneditable attachment), which transmission shall be deemed delivery of an originally executed copy hereof.
Please indicate your agreement to the terms of this Letter by executing and dating a copy of this letter where indicated below and returning it to the undersigned.
Very truly yours, | ||
XXXXXX PACKAGING COMPANY INC. (F/K/A, BMP/XXXXXX HOLDINGS CORPORATION) | ||
By: |
| |
Xxxxxxx X. Xxxxxxxxx | ||
Vice President, General Counsel and Secretary |
ACKNOWLEDGED AND AGREED TO BY: |
[ ] Dated: January , 2010 |
EXHIBIT A – Form of Registration Rights Agreement