THIS AMENDMENT No. 2 dated as of August 1, 2004 to AGREEMENT dated May 1, 1980,Newark Group, Inc • July 28th, 2005 • Paperboard mills
WHEREAS, by agreement dated May 1, 1980, and amended on March 1, 1995, Newark and von Zuben agreed that upon termination of von Zuben’s employment by Newark, Newark would purchase all shares of stock of Newark then owned by von Zuben; and
THIS AMENDMENT dated March 1, 1995 to AGREEMENT dated May 1, 1980,Newark Group, Inc • July 28th, 2005 • Paperboard mills
WHEREAS, by agreement dated May 1, 1980, Newark and von Zuben agreed that upon termination of von Zuben’s employment by Newark, Newark would purchase all of von Zuben’s shares for “book value”, which was defined as an amount per share equal to the net worth of Newark divided by the number of shares outstanding; and
THIS AGREEMENT dated this 1st day of May, Nineteen Hundred and Eighty (1980),Agreement • July 28th, 2005 • Newark Group, Inc • Paperboard mills
WHEREAS, von Zuben desires to purchase and Leewood C. Carter (“Carter”) desires to sell 600 shares of common capital stock of The Newark Group, Inc.; and
FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • July 28th, 2005 • Newark Group, Inc • Paperboard mills • New York
THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Agreement”) dated as of July 21, 2005 is entered into by and among THE NEWARK GROUP, INC., a New Jersey corporation (the “Company”), NEWARK GROUP INTERNATIONAL B.V., a private company with its corporate seat in Amsterdam, the Netherlands (the “Subsidiary Borrower” and together with the Company, each a “Borrower” and collectively, the “Borrowers”), the undersigned Lenders (which Lenders constitute the Required Lenders) and Wachovia Bank, National Association, as Administrative Agent for the Lenders (the “Administrative Agent”).
