FOURTH SUPPLEMENTAL INDENTURE
The undersigned are executing and delivering this Fourth
Supplemental Indenture pursuant to Section 4.13 of the Indenture, dated as of
August 24, 1998, as supplemented (the "Indenture"), among ▇▇▇▇▇ Plastics
Corporation (the "Company"), BPC Holding Corporation ("Holding"), ▇▇▇▇▇ Iowa
Corporation ("▇▇▇▇▇ Iowa"), ▇▇▇▇▇ Tri-Plas Corporation ("▇▇▇▇▇ Tri-Plas"), ▇▇▇▇▇
▇▇▇▇▇▇▇▇ Corporation ("▇▇▇▇▇ ▇▇▇▇▇▇▇▇"), AeroCon, Inc. ("AeroCon"), PackerWare
Corporation ("PackerWare"), ▇▇▇▇▇ Plastics Design Corporation ("▇▇▇▇▇ Design"),
Venture Packaging, Inc. ("Venture"), ▇▇▇▇▇ Plastics Technical Services, Inc.
(f/k/a Venture Packaging Southeast, Inc.)("▇▇▇▇▇ Technical"), Venture Packaging
Midwest, Inc. ("Midwest"), NIM Holdings Limited ("NIM"), ▇▇▇▇▇ Plastics U.K.
Limited (f/k/a Norwich Injection Moulders Limited)("▇▇▇▇▇ UK"), Norwich
Acquisition Limited ("Norwich"), Knight Plastics, Inc. ("Knight"), CPI Holding
Corporation ("CPI"), Cardinal Packaging, Inc. ("Cardinal"), Poly-Seal
Corporation ("Poly-Seal"), ▇▇▇▇▇ Plastics Acquisition Corporation II (f/k/a
▇▇▇▇▇ Plastics Acquisition Corporation)("BPAC II"), ▇▇▇▇▇ 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 Fourth
Supplemental Indenture, each of CBP Holdings S.r.l., an Italian S.r.l. (f/k/a
Capsol-▇▇▇▇▇ Plastics S.r.l.), Capsol S.p.A., an Italian S.p.A. and ▇▇▇▇▇▇▇
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 Fourth
Supplemental Indenture, each of Holding, ▇▇▇▇▇ Iowa, ▇▇▇▇▇ Tri-Plas, ▇▇▇▇▇
▇▇▇▇▇▇▇▇, AeroCon, PackerWare, ▇▇▇▇▇ Design, Venture, ▇▇▇▇▇ Technical, Midwest,
NIM, ▇▇▇▇▇ 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 Fourth 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 ▇▇▇▇▇▇ ▇. ▇▇▇▇, 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
Fourth 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 Fourth 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 Fourth Supplemental Indenture as of the ____ day of _________,
2000.
ATTEST: ▇▇▇▇▇ PLASTICS CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
By: Executive Vice President, Chief
-------------------------------- Financial Officer, Treasurer and
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Secretary
President and Chief Executive
Officer
BPC HOLDING CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ IOWA CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ TRI-PLAS CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
AEROCON, INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
PACKERWARE CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ PLASTICS DESIGN CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
VENTURE PACKAGING, INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ PLASTICS TECHNICAL SERVICES,
INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
VENTURE PACKAGING MIDWEST, INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
NIM HOLDINGS LIMITED
By:
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
▇▇▇▇▇ PLASTICS U.K. LIMITED
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
NORWICH ACQUISITION LIMITED
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
KNIGHT PLASTICS, INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
CPI HOLDING CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
CARDINAL PACKAGING, INC.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ PLASTICS ACQUISITION
CORPORATION II
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
▇▇▇▇▇ PLASTICS ACQUISITION
CORPORATION III
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
POLY-SEAL CORPORATION
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Executive Vice President, Chief
Financial Officer, Treasurer and
Secretary
CAPSOL-▇▇▇▇▇ PLASTICS S.R.L.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
CAPSOL S.P.A.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
OCIESSE S.R.L.
By:
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
Director
UNITED STATES TRUST COMPANY OF
NEW YORK, AS TRUSTEE
By:
---------------------------------
Name:
Title:
Schedule of Supplemental Indentures
Document Date Parties Reason for Supplement
===================================================================================================================================
First Supplemental Indenture to the October 16, 1998 Knight Plastics, Inc. ("Knight"), Added Knight as a guarantor
Indenture dated as of August 24, ▇▇▇▇▇, BPC, Iowa, Tri-Plas,
1998 (the "Indenture") among ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, AeroCon, PackerWare,
Plastics Corporation ("▇▇▇▇▇"), BPC Plastics, VPI, Southeast, Midwest,
Holding Corporation ("BPC"), ▇▇▇▇▇ ▇▇▇, Norwich and Trustee
Iowa Corporation ("Iowa"), ▇▇▇▇▇
Tri-Plas Corporation ("Tri-Plas"),
▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Corporation
("Sterling"), AeroCon, Inc.
("AeroCon"), PackerWare Corporation
("PackerWare"), ▇▇▇▇▇ Plastics
Design Corporation ("Plastics"),
Venture Packaging, Inc. ("VPI"),
Venture Packaging Southeast, Inc.
("Southeast"), Venture Packaging
Midwest, Inc. ("Midwest"), NIM
Holdings Limited ("NIM"), Norwich
Injection Moulders Limited
("Norwich") and United States Trust
Company of New York, as trustee
(the "Trustee")
-----------------------------------------------------------------------------------------------------------------------------------
Second Supplemental Indenture to July 9, 1999 Norwich Acquisition Limited Added Norwich Acquisition, CPI
the Indenture among ▇▇▇▇▇, 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, ▇▇▇▇▇ Holding"), Cardinal Packaging, Inc.
Plastics U.K. Limited (f/k/a ("Cardinal"), ▇▇▇▇▇ Plastics
Norwich Injection Moulders Limited) Acquisition Corporation II ("BPAC
("Plastics U.K."), Knight and II"), ▇▇▇▇▇, BPC, Iowa, Tri-Plas,
Trustee Sterling, AeroCon, PackerWare,
Plastics, VPI, Southeast, Midwest,
NIM, Plastics U.K., Knight and
Trustee
-----------------------------------------------------------------------------------------------------------------------------------
Third Supplemental Indenture to the May 9, 2000 ▇▇▇▇▇ Plastics Acquisition Added BPAC III and Poly-Seal as
Indenture among ▇▇▇▇▇, BPC, Iowa, Corporation III ("BPAC III"), guarantors
Tri-Plas, Sterling, AeroCon, Poly-Seal Corporation
PackerWare, Plastics, VPI, ("Poly-Seal"), ▇▇▇▇▇, 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
