Exhibit 10.8

 

EXECUTION VERSION

 

SUPPLEMENTAL INDENTURE

 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of August 8,
2017, among Venator Finance S.à r.l., a private limited liability company
(société à responsabilité limitée) incorporated under the laws of the Grand
Duchy of Luxembourg (“Luxembourg”), having its registered office at 180, route
de Longwy, L-1940 Luxembourg and registered with the Luxembourg Register of
Commerce and Companies (R.C.S. Luxembourg) under number B215641 (“Venator
Finance”), Venator Materials LLC, a Delaware limited liability company (“Venator
Co-Issuer” and, together with Venator Finance, the “Issuers”), the Guarantors
(as defined in clauses (1) and (2) of the definition of “Guarantors” in the
Indenture referred to herein) and Wilmington Trust, National Association, a
national banking association, as trustee under the Indenture referred to below
(the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Issuers have heretofore executed and delivered to the Trustee an
indenture (the “Indenture”), dated as of July 14, 2017 providing for the
issuance of 5.75% Senior Notes due 2025 (the “Notes”);

 

WHEREAS, the Indenture provides that the Guarantors shall execute and deliver to
the Trustee a supplemental indenture pursuant to which the Guarantors shall
unconditionally guarantee all of the Issuers’ obligations under the Notes and
the Indenture on the terms and conditions set forth herein (the “Note
Guarantee”); and

 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to
execute and deliver this Supplemental Indenture.

 

NOW, THEREFORE, in consideration of the foregoing and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the
Guarantors and the Trustee mutually covenant and agree for the equal and ratable
benefit of the Holders of the Notes as follows:

 

1.             CAPITALIZED TERMS. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

 

2.             AGREEMENT TO GUARANTEE. Each Guarantor hereby agrees to provide
an unconditional Guarantee on the terms and subject to the conditions set forth
in the Note Guarantee and in the Indenture including, but not limited to
Article 10 thereof.

 

3.             NO RECOURSE AGAINST OTHERS. No director, manager, officer,
employee, incorporator, stockholder or member of Venator, the Issuers or any
Subsidiary thereof will have any liability for any obligations of Venator, the
Issuers or the Guarantors under the Notes, this Indenture, the Note Guarantees
or for any claim based on, in respect of, or by reason of, such obligations or
their creation. Each Holder of Notes by accepting a Note waives and releases all
such liability. The waiver and release are part of the consideration for
issuance of the Notes. The waiver may not be effective to waive liabilities
under the federal securities laws.

 

4.             GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. FOR THE
AVOIDANCE OF DOUBT, THE APPLICATION OF ARTICLES 84 TO 94-8 (INCLUSIVE AND TO THE
FULLEST EXTENT PERMITTED BY LAW) OF THE LUXEMBOURG ACT OF 10 AUGUST 1915 ON
COMMERCIAL COMPANIES, AS AMENDED, SHALL BE EXPRESSLY EXCLUDED.

 

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5.             COUNTERPARTS. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy will be an original, but all of them
together represent the same agreement. The exchange of copies of this
Supplemental Indenture and of signature pages by facsimile or PDF transmission
shall constitute effective execution and delivery of this Supplemental Indenture
as to the parties hereto and may be used in lieu of the original Indenture for
all purposes. Signatures of the parties hereto transmitted by facsimile or PDF
shall be deemed to be their original signatures for all purposes.

 

6.             EFFECT OF HEADINGS. The Section headings herein are for
convenience of reference only, are not to be considered a part of this
Supplemental Indenture and will in no way modify or restrict any of the terms or
provisions hereof.

 

7.             THE TRUSTEE. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made solely by the Guarantors and the Issuers.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture
to be duly executed and attested, all as of the date first above written.

 

Dated: August 8, 2017

 

 

VENATOR FINANCE S.À R.L.

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Manager and Authorized Signatory

 

 

 

 

 

VENATOR MATERIALS LLC

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

 

 

 

 

WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE

 

 

 

 

By:

/s/Jane Schweiger

 

 

Name: Jane Schweiger

 

 

Title: Vice President

 

[Signature Page to Supplemental Indenture]

 

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VENATOR MATERIALS PLC

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

 

 

 

 

HUNTSMAN SPIN (HOLDINGS) UK LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN SPIN UK LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN (UK) LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

CREAMBAY LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN PIGMENTS (UK) LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

[Signature Page to Supplemental Indenture]

 

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HUNTSMAN P&A UK LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

TIOXIDE GROUP

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN SPIN INVESTMENTS UK LIMITED

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

CHEMICAL SPECIALTIES LLC

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

 

 

 

 

HUNTSMAN P&A AMERICAS LLC

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

 

 

 

 

TIOXIDE AMERICAS (HOLDINGS) LLC

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

[Signature Page to Supplemental Indenture]

 

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HUNTSMAN (HOLDINGS) GERMANY GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

HUNTSMAN P&A GERMANY GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

HUNTSMAN P&A UERDINGEN GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

SILO PIGMENTE GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

[Signature Page to Supplemental Indenture]

 

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HUNTSMAN PIGMENTS HOLDING GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

BROCKHUES GMBH & CO. KG

 

 

 

 

 

By:

Huntsman Pigments Holding GmbH,

 

 

its General Partner

 

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

SACHTLEBEN WASSERCHEMIE (HOLDING) GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

[Signature Page to Supplemental Indenture]

 

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HUNTSMAN P&A WASSERCHEMIE GMBH

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Managing Director

 

 

 

 

 

 

By:

/s/ Russ R. Stolle

 

 

Name: Russ R. Stolle

 

 

Title: Managing Director

 

 

 

 

 

HUNTSMAN P&A SPAIN S.L.U.

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN P&A CANADA INC.

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN P&A FINLAND OY

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Director

 

 

 

 

 

HUNTSMAN P&A INVESTMENTS LLC

 

 

 

 

 

 

By:

/s/ Kurt D. Ogden

 

 

Name: Kurt D. Ogden

 

 

Title: Senior Vice President and Chief Financial Officer

 

[Signature Page to Supplemental Indenture]

 

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