TENTH SUPPLEMENTAL INDENTURE
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The undersigned are executing and delivering this Tenth
Supplemental Indenture pursuant to Section 4.13 of the Indenture, dated as of
April 21, 1994, as supplemented (the "Indenture"), among Xxxxx Plastics
Corporation (the "Company"), BPC Holding Corporation ("Holding"), Xxxxx Iowa
Corporation ("Xxxxx Iowa"), Xxxxx Tri-Plas Corporation ("Xxxxx Tri-Plas"),
Xxxxx Xxxxxxxx Corporation ("Xxxxx Xxxxxxxx"), AeroCon, Inc. ("AeroCon"),
PackerWare Corporation ("PackerWare"), Xxxxx Plastics Design Corporation
("Xxxxx Design"), Venture Packaging, Inc. ("Venture"), Xxxxx Plastics Technical
Services, Inc. (f/k/a Venture Packaging Southeast, Inc.)("Xxxxx Technical"),
Venture Packaging Midwest, Inc. ("Midwest"), NIM Holdings Limited ("NIM"),
Xxxxx Plastics U.K. Limited (f/k/a Norwich Injection Moulders Limited)("Xxxxx
UK"), Norwich Acquisition Limited ("Norwich"), Knight Plastics, Inc.
("Knight"), CPI Holding Corporation ("CPI"), Cardinal Packaging, Inc.
("Cardinal"), Poly-Seal Corporation ("Poly-Seal"), Xxxxx Plastics Acquisition
Corporation II (f/k/a Xxxxx Plastics Acquisition Corporation)("BPAC II"), Xxxxx
Plastics Acquisition Corporation III ("BPAC III") and United States Trust
Company of New York, as trustee (the "Trustee"). Capitalized terms used herein
have the same meanings given in the Indenture unless otherwise indicated.
By executing and delivering to the Trustee this Tenth
Supplemental Indenture, each of CBP Holdings S.r.l., an Italian S.r.l. (f/k/a
Capsol-Xxxxx Plastics S.r.l.), Capsol S.p.A., an Italian S.p.A. and Xxxxxxx
S.r.l., an Italian S.r.l. (each, a "New Guarantor" and collectively, the "New
Guarantors"), hereby becomes a "Guarantor" under the Indenture and hereby
agrees to become a party to, to be bound by, and to comply with the provisions
of the Indenture in the same manner as if it were an original signatory to such
agreement.
Each of the New Guarantors hereby unconditionally guarantees
that (i) the principal of and interest on the Notes will be paid in full when
due, whether at the maturity or interest payment or mandatory redemption date,
by acceleration, call for redemption or otherwise, and interest on the overdue
principal of and interest, if any, on the Notes and all other obligations of
the Company to the Holders or the Trustee under the Indenture or the Notes will
be promptly paid in full or performed, all in accordance with the terms of the
Indenture and the Notes and (ii) in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that the same will be
promptly paid in full when due or performed in accordance with the terms of the
extension or renewal, whether at maturity, by acceleration or otherwise.
By executing and delivering to the Trustee this Tenth
Supplemental Indenture, each of Holding, Xxxxx Iowa, Xxxxx Tri-Plas, Xxxxx
Xxxxxxxx, AeroCon, PackerWare, Xxxxx Design, Venture, Xxxxx Technical, Midwest,
NIM, Xxxxx UK, Norwich, Knight, CPI, Cardinal, Poly-Seal, BPAC II, and BPAC III
(each an "Old Guarantor") hereby reaffirms its obligations under the Indenture
as previously supplemented and as further supplemented hereby.
The obligations of each of the undersigned to each Holder and
to the Trustee pursuant hereto are as expressly set forth in Article 10 of the
Indenture which terms are incorporated herein by reference.
This is a continuing guarantee and shall remain in full force
and effect and shall be binding upon each of the undersigned and its successors
and assigns until full and final payment of all of the Company's obligations
under the Notes and the Indenture and shall inure to the benefit of the
successors and assigns of the Trustee and the Holders and, in the event of any
transfer or assignment of rights by any Holder or the Trustee, the rights and
privileges herein conferred upon that party shall automatically extend to and
be vested in such transferee or assignee, all subject to the terms and
conditions hereof. This is a guarantee of payment and not a guarantee of
collection.
Each of the Company and the Guarantors (hereinafter,
collectively, the "Obligors") hereby agrees that all judicial proceedings
brought against it arising out of or relating to the Indenture, or any
obligations hereunder, may be brought in any State or Federal Court of
competent jurisdiction in the State, County and City of New York in the United
States of America. By executing and delivering this Tenth Supplemental
Indenture, each of the Obligors hereby irrevocably: (i) accepts generally and
unconditionally the nonexclusive jurisdiction and venue of such courts, (ii)
waives any defense of FORUM NON CONVENIENS; (iii) designates and appoints
Xxxxxx X. Xxxx, or such other persons located in New York State selected by the
Obligors from time to time, and agreeing in writing to so serve, as its agent
to receive on its behalf service of all process in any such proceedings in any
such court, such service being hereby acknowledged by each of the Obligors to
be effective and binding service in every respect (with a copy of any such
process so served to be mailed by registered mail to each of the Obligors at
its address provided that, unless otherwise provided by applicable law, any
failure to mail such copy shall not affect the validity of service of such
process) and each of the Obligors hereby agrees that service of process
sufficient for personal jurisdiction in any action in the State of New York may
be made by registered or certified mail, return receipt requested, to it at its
address and hereby acknowledges that such service shall be effective and
binding in every respect; and nothing herein shall affect the right to serve
process in any other manner permitted by law or shall limit the right to bring
proceedings against any of the Obligors in the courts of any other
jurisdiction; and (iv) agrees that the provisions of this Tenth Supplemental
Indenture relating to jurisdiction and venue shall be binding and enforceable
to the fullest extent permissible under New York General Obligations Law,
Section 5-1402 or otherwise.
Any and all payments to be made by any of the undersigned to
the Trustee shall be made in U.S. Dollars. If, for the purpose of calculating
the amount of any judgment in any court, it is necessary to convert into any
other currency (the "Judgment Currency") an amount due in U.S. Dollars under
the Indenture, then the conversion shall be made at the discretion of the
Trustee, at the rate of exchange prevailing either on the date of default or on
the day before the day on which the award or judgment is given (the "Conversion
Date"). If there is a change in the rate of exchange prevailing between the
Conversion Date and the date of actual payment of the amount due, the
undersigned will pay such additional amounts (if any, but in any event, not a
lesser amount) as may be necessary to ensure that the amount paid in the
Judgment Currency when converted at the rate of exchange prevailing on the date
of payment will produce the amount then due in U.S. Dollars.
This Tenth Supplemental Indenture may be executed in
counterparts. Each signed copy shall be an original, but all of them together
represent the same agreement.
-2-
IN WITNESS WHEREOF, the undersigned have duly executed and
delivered this Tenth Supplemental Indenture as of the ____ day of _________,
2000.
ATTEST: XXXXX PLASTICS CORPORATION
By:
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Xxxxx X. Xxxxxxxxxx
By: Executive Vice President,
--------------------------------- Chief Financial Officer,
Xxxxxx X. Xxxxxx Treasurer and Secretary
President and Chief Executive
Officer
BPC HOLDING CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX IOWA CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX TRI-PLAS CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX XXXXXXXX CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
AEROCON, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
PACKERWARE CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX PLASTICS DESIGN CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
VENTURE PACKAGING, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX PLASTICS TECHNICAL SERVICES, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
VENTURE PACKAGING MIDWEST, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
NIM HOLDINGS LIMITED
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
XXXXX PLASTICS U.K. LIMITED
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
NORWICH ACQUISITION LIMITED
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
KNIGHT PLASTICS, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
CPI HOLDING CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
CARDINAL PACKAGING, INC.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX PLASTICS ACQUISITION
CORPORATION II
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
XXXXX PLASTICS ACQUISITION
CORPORATION III
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
POLY-SEAL CORPORATION
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Executive Vice President,
Chief Financial Officer,
Treasurer and Secretary
CAPSOL-XXXXX PLASTICS S.R.L.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
CAPSOL S.P.A.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
OCIESSE S.R.L.
By:
-------------------------------
Xxxxx X. Xxxxxxxxxx
Director
UNITED STATES TRUST COMPANY OF
NEW YORK, AS TRUSTEE
By:
-------------------------------
Name:
Title:
Schedule of Supplemental Indentures
Document Date Parties Reason for Supplement
===================================================================================================================================
Supplemental Indenture to the March 10, 1995 Xxxxx Xxxxxxxx Corporation Added Sterling and AeroCon as
Indenture dated as of April 21, ("Sterling"), AeroCon, Inc. guarantors
1994 (the "Indenture") among Xxxxx ("AeroCon"), Xxxxx, BPC and CPI
Plastics Corporation ("Xxxxx"), BPC
Holding Corporation ("BPC"), Xxxxx
Iowa Corporation ("Iowa"),
Xxxxx-CPI Plastics Corp. ("CPI")
and United States Trust Company of
New York, as trustee (the
"Trustee")
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Supplemental Indenture to the January 21, 1997 PackerWare Corporation Added PackerWare as guarantor
Indenture among Xxxxx, BPC, Iowa, ("PackerWare"), Xxxxx, BPC, Iowa,
Xxxxx Tri-Plas Corporation (f/k/a Tri-Plas, Sterling and AeroCon
Xxxxx-CPI Plastics Corp.)
("Tri-Plas"), Sterling, AeroCon and
Trustee
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Third Supplemental Indenture to the May 13, 1997 Xxxxx Plastics Design Corporation Added Plastics as a guarantor
Indenture among Xxxxx, BPC, Iowa, ("Plastics"), Xxxxx, BPC, Iowa,
Tri-Plas, Sterling, AeroCon, Tri-Plas, Sterling, AeroCon,
PackerWare and Trustee PackerWare and Trustee
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Fifth Supplemental Indenture to the August 29, 1997 Venture Packaging, Inc. ("VPI"), Added VPI, Southeast and Midwest as
Indenture among Xxxxx, BPC, Iowa, Venture Packaging Southeast, Inc. guarantors
Tri-Plas, Sterling, AeroCon, ("Southeast"), Venture Packaging
PackerWare, Plastics and Trustee Midwest, Inc. ("Midwest"), Xxxxx,
BPC, Iowa, Tri-Plas, Sterling,
AeroCon, PackerWare, Plastics and
Trustee
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Sixth Supplemental Indenture to the July 2, 1998 NIM Holdings Limited ("NIM"), Added NIM and Norwich as guarantors
Indenture among Xxxxx, BPC, Iowa, Norwich Injection Moulders Limited
Tri-Plas, Sterling, AeroCon, ("Norwich"), Xxxxx, BPC, Iowa,
PackerWare, Plastics, VPI, Tri-Plas, Sterling, AeroCon,
Southeast, Midwest and Trustee PackerWare, Plastics, VPI,
Southeast, Midwest and Trustee
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Seventh Supplemental Indenture to October 16, 1998 Knight Plastics, Inc. ("Knight"), Added Knight as a guarantor
the Indenture among Xxxxx, BPC, Xxxxx, BPC, Iowa, Tri-Plas,
Iowa, Tri-Plas, Sterling, AeroCon, Sterling, AeroCon, PackerWare,
PackerWare, Plastics, VPI, Plastics, VPI, Southeast, Midwest,
Southeast, Midwest, NIM, Norwich NIM, Norwich and Trustee
and Trustee
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Eighth Supplemental Indenture to July 9, 1999 Norwich Acquisition Limited Added Norwich Acquisition, CPI
the Indenture among Xxxxx, BPC, ("Norwich Acquisition"), CPI Holding,
Iowa, Tri-Plas, Sterling, AeroCon, Holding Corporation ("CPI Cardinal
PackerWare, Plastics, VPI, and BPAC II as guarantors
Southeast, Midwest, NIM, Xxxxx Holding"), Cardinal Packaging, Inc.
Plastics U.K. Limited (f/k/a ("Cardinal"), Xxxxx Plastics
Norwich Injection Moulders Limited) Acquisition Corporation II ("BPAC
("Plastics U.K."), Knight and II"), Xxxxx, BPC, Iowa, Tri-Plas,
Trustee Sterling, AeroCon, PackerWare,
Plastics, VPI, Southeast, Midwest,
NIM, Plastics U.K., Knight and
Trustee
Document Date Parties Reason for Supplement
===================================================================================================================================
Ninth Supplemental Indenture to the May 9, 2000 Xxxxx Plastics Acquisition Added BPAC III and Poly-Seal as
Indenture among Xxxxx, BPC, Iowa, Corporation III ("BPAC III"), guarantors
Tri-Plas, Sterling, AeroCon, Poly-Seal Corporation
PackerWare, Plastics, VPI, ("Poly-Seal"), Xxxxx, BPC, Iowa,
Southeast, Midwest, NIM, Plastics Tri-Plas, Sterling, AeroCon,
U.K., Norwich Acquisition, Knight, PackerWare, Plastics, VPI,
CPI Holding, Cardinal, BPAC II and Southeast, Midwest, NIM, Plastics
Trustee U.K., Knight, Norwich Acquisition,
CPI Holding, Cardinal, BPAC II and
Trustee
