FORBEARANCE AGREEMENTForbearance Agreement • January 17th, 2008 • Tekni Plex Inc • Gaskets, packg & sealg devices & rubber & plastics hose • New York
This Forbearance Agreement (the “Agreement”) is made as of January 16, 2008, by and among Tekni-Plex, Inc. (the “Company”), each of the Company’s subsidiaries identified on the signature pages hereof (the “Subsidiaries”), the Holders of the Company’s 12 3/4% Senior Subordinated Notes due 2010 (the “Notes”) that were issued pursuant to that certain Indenture, dated as of June 21, 2000 (as supplemented on May 6, 2002, August 22, 2002, and April 25, 2005, the “Indenture”), that are signatories hereto (each a “Noteholder,” and collectively, the “Noteholders,” and together with the Company, the “Parties”) and U.S. Bank, National Association, as successor indenture trustee (the “Indenture Trustee”) under the Indenture.
