EXHIBIT 4.6 DCBS Investors, L.L.C. CB Investors, L.L.C. 3900 West 43rd Street Chicago, Illinois 60632 January 15, 2004 Packaging Dynamics Corporation 3900 West 43rd Street Chicago, Illinois 60632 Packaging Investors, L.P. c/o Group III 31, L.L.C. 201...Packaging Dynamics Corp • March 25th, 2004 • Plastics products, nec • Delaware
The parties hereto acknowledge that on December 12, 2003, DCBS and CB each distributed their entire ownership interest in the Company to their respective members on a pro rata basis for no consideration. In connection therewith and in accordance with Section 7(b) of the Stockholders Agreement, the parties hereto acknowledge and agree that effective as of December 12, 2003, all of the rights of DCBS and CB under the Agreement are hereby terminated.
