EXHIBIT 10.19
AMENDMENT TO PROMISSORY NOTE
This AMENDMENT, dated as of December 19, 2001, is entered into between
Xxxxxxx X. Xxxxxxxx, Chief Executive Officer of Riverwood International
Corporation ("Executive") and Riverwood International Corporation (the
"Company").
WHEREAS, the Executive and the Company are parties to a Promissory
Note, entered into on November 18, 1999 (the "Promissory Note");
WHEREAS, the Executive and the Company desire to amend the terms of the
Promissory Note to extend the stated maturity thereof through March 26, 2007 and
to adjust the interest rate at which interest will be deemed to accrue and be
paid (solely for federal income tax purposes) to the Executive as a result of
such adjustment.
NOW, THEREFORE, the Executive and the Company, for good and valid
consideration, agree as follows:
1. "March 26, 2002" shall be replaced by "March 26, 2007" each time it
occurs in the Promissory Note; and
2. "5.49%" shall be replaced by "3.93%" in section 2 of the Promissory
Note.
IN WITNESS WHEREOF, the Company and the Executive have executed this
Agreement as of the date first above written.
RIVERWOOD INTERNATIONAL
CORPORATION.
By:
--------------------------------------
Name: Xxxxxx X. Xxxxxxx, Xx.
Title: Acting General Counsel and
Secretary
EXECUTIVE
-----------------------------------------
Xxxxxxx X. Xxxxxxxx
