EXHIBIT 4.7
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11 3/4% Senior Subordinated Notes due 2005
and
Series B 11 3/4% Senior Subordinated Noted due 2005
_______________________________
First Supplement to Indenture
Dated as of June 26, 1998
_______________________________
Xxxxx Nurseries, Inc. (formerly Xxxxx Horticulture, Inc.),
as Issuer
Xxxxx Horticulture, Inc. (as the successor to Xxxxx Holdings, Inc., a Nevada
corporation),
and
Sun Gro Horticulture Inc.,
as Guarantors
and
IBJ Xxxxxxxx Bank & Trust Company,
as Trustee
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This First Supplement to Indenture is dated as of June 26, 1998 by and
among Xxxxx Nurseries, Inc., a California corporation formerly known as Xxxxx
Horticulture, Inc. (the "Company"), Xxxxx Horticulture, Inc., a Delaware
corporation which is the successor to Xxxxx Holdings, Inc., a Nevada corporation
("Parent"), and Sun Gro Horticulture Inc., a Nevada corporation (together with
Parent, the "Guarantors") and IBJ Xxxxxxxx Bank & Trust Company, as Trustee (the
"Trustee"), under the Indenture dated as of October 19, 1995 (the "Indenture")
between the Company, the Guarantors and the Trustee with respect to the
Company's 11 3/4% Senior Subordinated Notes due 2005 and Series B 11 3/4% Senior
Subordinated Notes due 2005 (the "First Supplement"). Capitalized terms used but
not defined in this First Supplement shall have the meanings ascribed to such
terms in the Indenture.
WHEREAS, the Company is party to an Agreement and Plan of Merger dated
as of June 26, 1998, pursuant to which Xxxxx II, Inc., a Delaware corporation,
will merge with and into the Company and the Company shall survive (the
"Merger"); and
WHEREAS, pursuant to Sections 5.01(a)(iv) and 9.01 of the Indenture,
the Guarantors are required to enter into this First Supplement in connection
with the Merger.
NOW, THEREFORE, in consideration of the premises and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree, for the equal and proportionate benefit
of all Holders of the Notes, as follows:
(1) Confirmation of Guarantee. Following the consummation of the Merger,
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the Guarantee of each of the Guarantors shall apply, as such Guarantees applied
on the date they were granted under the Indenture to the obligations of the
Company under the Indenture and the Notes, to the obligations of the Company
under this Indenture and the Notes.
(2) Instruments to be Read Together. This First Supplement is an indenture
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supplement to and in implementation of the Indenture, and said Indenture and
this First Supplement shall henceforth be read together.
(3) Confirmation. The Indenture, as amended and supplemented by this First
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Supplement, is in all respects confirmed and preserved.
(4) Counterparts. This First Supplement may be executed in any number of
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counterparts, each of which, when so executed, shall be deemed to be an
original, but all of which shall together constitute one and the same
instrument.
(5) GOVERNING LAW. THIS FIRST SUPPLEMENT SHALL BE GOVERNED BY AND
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CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO
CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO THE
PRINCIPLES OF THE CONFLICTS OF LAWS RULES THEREOF.
(6) Disclaimer of Trustee's Responsibility. In executing this First
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Supplement, the Trustee shall be entitled to all the privileged and immunities
afforded to the Trustee under the terms and conditions of the Indenture.
* * * * *
IN WITNESS WHEREOF, the parties hereto have caused this First
Supplement to Indenture to be duly executed as of the date first above written.
XXXXX NURSERIES, INC., a California corporation
(formerly XXXXX HORTICULTURE, INC.)
By: _____________________________________
Name: _____________________________________
Its: _____________________________________
XXXXX HORTICULTURE, INC., a Delaware corporation
(as the successor to Xxxxx Holdings, Inc., a
Nevada corporation)
By: _____________________________________
Name: _____________________________________
Its: _____________________________________
SUN GRO HORTICULTURE INC., a Nevada corporation
By: _____________________________________
Name: _____________________________________
Its: _____________________________________
IBJ XXXXXXXX BANK & TRUST COMPANY
By: _____________________________________
Name: _____________________________________
Its: _____________________________________
