Fourth Supplemental Indenture dated as of May 3, 2005


 EXHIBIT 4.1 
  

SPECTRUM BRANDS, INC. 
  
 8 1/2% SENIOR
SUBORDINATED NOTES DUE 2013 
  

  
 FOURTH SUPPLEMENTAL INDENTURE 
 Dated as of May 3, 2005 
  
 to 
  
 INDENTURE 
 Dated as of September 30, 2003 
  

  
 U.S. BANK 
 NATIONAL ASSOCIATION, 
 as Trustee

  







 FOURTH SUPPLEMENTAL INDENTURE 
  
 FOURTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of May 3, 2005 among Spectrum
Brands, Inc., a Wisconsin corporation (formerly, Rayovac Corporation) (the “Company”), the Guarantors (as defined in the Indenture referred to herein), the Company subsidiaries listed in Exhibit A hereto (each, a
“Guaranteeing Subsidiary” and, together, the “Guaranteeing Subsidiaries”), and U.S. Bank National Association, as Trustee (the “Trustee”). 
  
 W I T N E S S E T H 
  
 WHEREAS, the Company and the Guarantors have heretofore executed and
delivered to the Trustee an indenture, dated as of September 30, 2003, as supplemented by the Supplemental Indenture dated as of October 24, 2003, the Second Supplemental Indenture dated as of January 20, 2005 and the Third Supplemental Indenture
dated as of February 7, 2005 (the “Indenture”), providing for the issuance of the Company’s 8 1/2% Senior Subordinated Notes due 2013 (the “Notes”); and 
  
 WHEREAS, the Indenture provides that if the Company acquires additional Domestic Subsidiaries on or after the Issue Date, each such subsidiary shall
execute and deliver to the Trustee a supplemental indenture pursuant to which such subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on the terms and conditions set forth herein (the
“Note Guarantee”); and 
  
 WHEREAS, in connection
with the Company’s acquisition of all of the equity interests of Tetra Holding GmbH (the “Acquisition”), the Company has acquired each of the Guaranteeing Subsidiaries; and 
  
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized
to execute and deliver this Supplemental Indenture; and 
  
 NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guaranteeing Subsidiaries, 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. Guarantors. Pursuant to Section 9.01 of the Indenture, the Company, the Guarantors and the Trustee hereby amend the definition of the term
“Guarantors” set forth in the Indenture by adding to Schedule I to the Indenture those entities listed in Exhibit A hereto. For purposes of clarification, Schedule I to the Indenture shall be identical to Schedule I-A attached
hereto. 






 3. Agreement to Guarantee. The Guaranteeing Subsidiaries hereby agree as follows: 
  
 (a) Along with all other Guarantors, to jointly and
severally Guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Company
hereunder or thereunder, that: 
  
 (i) the
principal of and interest on the Notes shall be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of and interest on the Notes, if any, if lawful (subject in all
cases to any applicable grace period provided in the Indenture), and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder shall be promptly paid in full or performed, all in accordance with the terms hereof and
thereof; and 
  
 (ii) in case of any extension of
time of payment or renewal of any Notes or any of such other obligations, the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or
otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be jointly and severally obligated to pay the same immediately. 
  
 (b) The obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery
of any judgment against the Company, any action to enforce the same or any other circumstance that might otherwise constitute a legal or equitable discharge or defense of a guarantor. 
  
 (c) Subject to Section 6.06 of the Indenture and to the extent permitted by applicable law, each Guarantor
hereby waives: diligence presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever.

  
 (d) Subject to Section 6.06 of the Indenture
and to the extent permitted by applicable law, this Note Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and the Indenture. 
  
 (e) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the
Guarantors, or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. 
  

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 (f) The Guaranteeing Subsidiaries shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. 
  
 (g) As between the Guarantors, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations
guaranteed hereby may be accelerated as provided in Article 6 of the Indenture for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed
hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article 6 of the Indenture, such obligations (whether or not due and payable) shall forthwith become due and payable by the Guarantors for the purpose
of this Note Guarantee. 
  
 (h) The Guarantors
shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights of the Holders under the Note Guarantee. 
  
 (i) Pursuant to Section 11.03 of the Indenture, after giving effect to any maximum amount and any other
contingent and fixed liabilities of the Guarantor that are relevant under any applicable Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable, and
after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under Article 11 of the Indenture, the Trustee, the
Holders and the Guarantor irrevocably agree that the obligation of such Guarantor shall result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance. 
  
 4. Subordination. The Obligations of each Guaranteeing Subsidiary
under its Note Guarantee pursuant to this Supplemental Indenture shall be junior and subordinated to the Senior Debt of such Guaranteeing Subsidiary on the same basis as the Notes are junior and subordinated to the Senior Debt of the Company. For
the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive and/or retain payments by each Guaranteeing Subsidiary only at such time as they may receive and/or retain payments in respect of the Notes pursuant
to the Indenture, including Article 10 thereof. 
  
 5.
Execution and Delivery. The Guaranteeing Subsidiaries agree that the Note Guarantees shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
  

 3 







 6. Guaranteeing Subsidiaries May Consolidate, Etc., on Certain Terms. Except as otherwise provided
in Section 11.05 of the Indenture, a Guarantor may not sell or otherwise dispose of all or substantially all of its assets, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person unless:

  
 (a) immediately after giving effect to such transaction, no
Default or Event of Default exists; and 
  
 (b) either:

  
 (i) the Person acquiring the property in any
such sale or disposition or the Person formed by or surviving any such consolidation or merger is a corporation, organized or existing under (i) the laws of the United States, any state thereof or the District of Columbia or (ii) the laws of the
same jurisdiction as that Guarantor and, in each case, assumes all the obligations of that Guarantor under the Indenture, its Note Guarantee and the Registration Rights Agreement pursuant to a supplemental indenture satisfactory to the Trustee; or

  
 (ii) in the case of a Subsidiary Guarantor,
such sale or other disposition (A) complies with Section 4.10 of the Indenture, including the application of the Net Proceeds therefrom and (B) is to a Person that is not a Restricted Subsidiary of the Company. 
  
 In case of any such consolidation, merger, sale or conveyance and upon the
assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the
obligations and conditions of the Indenture to be performed by a Guarantor, such successor Person shall succeed to and be substituted for a Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon
may cause to be signed any or all of the Note Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Note Guarantees so issued shall in all
respects have the same legal rank and benefit under the Indenture as the Note Guarantees theretofore and thereafter issued in accordance with the terms of the Indenture as though all of such Note Guarantees had been issued at the date of the
execution hereof. 
  
 Except as set forth in Articles 4 and 5 of
the Indenture, and notwithstanding clauses (a) and (b) above, nothing contained in the Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Company or another Guarantor, or shall prevent any sale
or conveyance of the property of a Guarantor as an entirety or substantially as an entirety to the Company or another Guarantor. 
  

 4 







 7. Releases. (a) Any Guarantor shall be released and relieved of any obligations under its Note
Guarantee, (i) in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such
transaction) a Restricted Subsidiary of the Company, if the sale or other disposition of all or substantially all of the assets of that Guarantor complies with Section 4.10 of the Indenture, including the application of the Net Proceeds therefrom;
(ii) in connection with any sale of all of the Capital Stock of a Guarantor to a Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary of the Company, if the sale of all such Capital Stock of that
Guarantor complies with Section 4.10 of the Indenture, including the application of the Net Proceeds therefrom; (iii) if the Company designates any Restricted Subsidiary that is a Guarantor as an Unrestricted Subsidiary in accordance with the terms
hereof; or (iv) in connection with any sale of Capital Stock of a Guarantor to a Person that results in the Guarantor no longer being a Subsidiary of the Company, if the sale of such Capital Stock of that Guarantor complies with Section 4.10,
including the application of the Net Proceeds therefrom. Upon delivery by the Company to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance
with the provisions of the Indenture, including without limitation Section 4.10 hereof, the Trustee shall execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Note Guarantee.

  
 (b) Any Guarantor not released from its obligations under its
Note Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in Article 10 of the Indenture. 
  
 8. No Recourse Against Others. No past, present or future director,
officer, employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guaranteeing Subsidiary under the Notes, any Note Guarantees, the Indenture or this
Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the 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. Such waiver may not be effective to waive liabilities under the federal securities laws. 
  
 9. GOVERNING LAW. THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
  
 10. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. 
  

 5 







 11. Effect of Headings. The Section headings herein are for convenience only and shall not affect
the construction hereof. 
  
 12. 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 Guaranteeing Subsidiary
and the Company. 
  

 6 







 IN WITNESS WHEREOF, the parties hereto have caused this Third Supplemental Indenture to be duly executed
and attested, all as of the dates referenced. 
  
 Dated: May 3, 2005 

 

			
	 TETRA HOLDING (US), INC.

		
	 By:
	 	 /s/ Kevin Brenner


	 Name:
	 	 Kevin Brenner

	 Title:
	 	 President and CEO

	
	 WILLINGER BROS., INC.

		
	 By:
	 	 /s/ Kevin Brenner


	 Name:
	 	 Kevin Brenner

	 Title:
	 	 President and CEO

	
	 ROV HOLDING, INC.

		
	 By:
	 	 /s/ James T. Lucke


	 Name:
	 	 James T. Lucke

	 Title:
	 	 Secretary

	
	 ROVCAL, INC.

		
	 By:
	 	 /s/ James T. Lucke


	 Name:
	 	 James T. Lucke

	 Title:
	 	 Secretary

	
	 UNITED INDUSTRIES CORPORATION

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	Vice President, Secretary and General Counsel
	
	 SCHULTZ COMPANY

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary










			
	 WPC BRANDS, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 SYLORR PLANT CORP.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 GROUND ZERO, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 NU-GRO US HOLDCO CORPORATION

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Secretary

	
	 NU-GRO AMERICA CORP.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 IB NITROGEN INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 NU-GRO TECHNOLOGIES, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary










			
	 UNITED PET GROUP, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 DB ONLINE, LLC

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 SOUTHERN CALIFORNIA FOAM, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 AQ HOLDINGS, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 AQUARIA, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 PERFECTO HOLDING CORP.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 AQUARIUM SYSTEMS, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary










			
	 PERFECTO MANUFACTURING, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 JUNGLE TALK INTERNATIONAL, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 PETS ‘N PEOPLE, INC.

		
	 By:
	 	 /s/ Louis N. Laderman


	 Name:
	 	 Louis N. Laderman

	 Title:
	 	 Vice President and Secretary

	
	 SPECTRUM BRANDS, INC.

		
	 By:
	 	 /s/ James T. Lucke


	 Name:
	 	 James T. Lucke

	 Title:
	 	Senior Vice President - General Counsel and Secretary
	
	U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE
		
	 By:
	 	 /s/ Richard Prokosch


	 Name:
	 	 Richard Prokosch

	 Title:
	 	 Vice President









 Exhibit A 
 Guaranteeing Subsidiaries 
  
 Tetra Holding
(US), Inc. 
 Willinger Bros., Inc. 






 SCHEDULE I-A 
 GUARANTORS 
  
 AQ Holdings, Inc.

 Aquaria, Inc. 
 Aquarium Systems, Inc. 
 DB Online, LLC 
 Ground Zero, Inc. 
 IB Nitrogen Inc. 
 Jungle Talk International, Inc. 
 Nu-Gro America Corp. 
 Nu-Gro Technologies, Inc. 
 Nu-Gro US Holdco Corporation 
 Perfecto Holding Corp. 
 Perfecto Manufacturing, Inc. 
 Pets ‘N People, Inc. 
 ROV Holding, Inc. 
 Rovcal, Inc. 
 Schultz Company 
 Southern California Foam, Inc. 
 Sylorr Plant Corp. 
 Tetra Holding (US), Inc. 
 United Industries Corporation 
 United Pet Group, Inc. 
 Willinger Bros., Inc. 
 WPC Brands, Inc.