Document:

Exhibit 10.1

 

EXECUTION VERSION

 

 

JOINDER AGREEMENT 

 

THIS JOINDER AGREEMENT (this “Agreement”), dated
as of November 2, 2018, is by and among WestRock Company (formerly, Whiskey Holdco, Inc.), a Delaware corporation (“Holdco”),
WestRock CP, LLC, a Delaware limited liability company (“WestRock CP”), WestRock Converting, LLC (formerly,
WestRock Converting Company), a Georgia limited liability company (“WestRock Converting”), WestRock Virginia,
LLC (formerly, WestRock Virginia Corporation), a Delaware limited liability company (“WestRock Virginia”, and,
together with WestRock CP and WestRock Converting, the “Borrowers”), and CoBank, ACB, as administrative agent
under the Credit Agreement (as defined below) (the “Administrative Agent”), under that certain Credit Agreement
dated as of July 1, 2015 (as amended, restated or otherwise modified, the “Credit Agreement”), by and among
WRKCo Inc. (formerly, WestRock Company), a Delaware corporation (the “Parent”), the Borrowers, the Initial Guarantors,
the lenders named therein and such other lenders that thereafter become parties thereto, and the Administrative Agent. Capitalized
terms used herein but not otherwise defined shall have the meanings provided in the Credit Agreement.

 

In connection with the Agreement and Plan of Merger, dated as of
January 28, 2018, among Holdco, the Parent, Whiskey Merger Sub, Inc., a Delaware corporation, Kola Merger Sub, Inc., a Delaware
corporation, and KapStone Paper and Packaging Corporation, a Delaware corporation, and as a condition precedent to the effectiveness
of the amendments set forth in Amendment No. 2 to the Credit Agreement, dated as of March 7, 2018, Holdco has elected to become
party to, and a Guarantor under, the Credit Agreement.

 

Accordingly, Holdco and the Borrowers hereby agree as follows with
the Administrative Agent, for the benefit of the Lenders:

 

1.        Holdco hereby acknowledges,
agrees and confirms that, by its execution of this Agreement, Holdco will be deemed to be a party to, and a “Guarantor”
and the “Holdco” under, the Credit Agreement and shall have all of the obligations of a Guarantor and the
Holdco thereunder as if it had executed the Credit Agreement. Holdco hereby ratifies, as of the date hereof, and agrees to be bound
by, all of the terms, provisions and conditions contained in the applicable Credit Documents, including without limitation (a) all
of the representations and warranties set forth in Article III of the Credit Agreement and (b) all of the affirmative and
negative covenants set forth in Articles V and VI of the Credit Agreement. Without limiting the generality of the foregoing terms
of this Paragraph 1, Holdco hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of
the Credit Party Obligations in accordance with Article X of the Credit Agreement.

 

2.        Holdco acknowledges
and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto. The information on the
schedules to the Credit Agreement is hereby supplemented (to the extent permitted under the Credit Agreement) to reflect the information
shown on the attached Schedule A.

 

3.        The Borrowers confirm
that the Credit Agreement is, and upon Holdco becoming a Guarantor and the Holdco, shall continue to be, in full force and effect.
The parties hereto confirm and agree that immediately upon Holdco becoming a Guarantor and the Holdco, the term “Credit Party
Obligations” shall include all obligations of Holdco under the Credit Agreement and under each other Credit Document.

 

4.        Each of the Borrowers
and Holdco agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute
and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with
the terms and conditions of the Credit Agreement in order to effect the purposes of this Agreement.

 

5.        This Agreement (a) may
be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall
constitute one contract and (b) may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for
all purposes to be an original signature.

 

6.        This Agreement shall
be governed by and construed and interpreted in accordance with the laws of the State of New York. The terms of Sections 9.12,
9.13 and 9.16 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such
terms.

 

     

     

    

 

	WESTROCK COMPANY,	 
	a Delaware corporation	 
	 	 	 
	 	 	 
	By:	/s/ John D. Stakel	 
	Name:	John D. Stakel	 
	Title:	Senior Vice President and Treasurer

 

	 	WESTROCK CP, LLC,	 
	 	a Delaware limited liability company
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ John D. Stakel	 
	 	 	Name:	John D. Stakel
	 	 	Title:	Senior Vice President and Treasurer
	 	 	 	 	 
	 	 	 	 	 
	 	WESTROCK CONVERTING, LLC,
	 	a Georgia limited liability company	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ John D. Stakel	 
	 	 	Name:	John D. Stakel
	 	 	Title:	Senior Vice President and Treasurer
	 	 	 	 	 
	 	 	 	 	 
	 	WESTROCK VIRGINIA, LLC,	 
	 	a Delaware limited liability company
	 	 	 	 	 
	 	 	 	 	 
	 	By:	/s/ John D. Stakel	 
	 	 	Name:	John D. Stakel	 
	 	 	Title:	Senior Vice President and Treasurer

 

 

IN WITNESS WHEREOF, each of the Borrowers and Holdco has caused this Joinder Agreement
to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same
to be accepted by its authorized officer, as of the day and year first above written.

 

	Acknowledged, accepted and agreed:
	 	 	 
	COBANK, ACB,	 
	as Administrative Agent 
	 	 	 
	 	 	 
	By:	/s/ Zachary Carpenter	 
	Name:	Zachary Carpenter
	Title:	Vice President

 

 

     

     

    

 

SCHEDULE A 

to

Joinder Agreement

 

Schedules to Credit Agreement

 

 

None.Exhibit 10.2

 

EXECUTION VERSION

 

 

JOINDER AGREEMENT 

 

THIS JOINDER AGREEMENT (this “Agreement”), dated
as of November 2, 2018, is by and among WestRock Company (formerly, Whiskey Holdco, Inc.), a Delaware corporation (“Holdco”),
WRKCo Inc. (formerly, WestRock Company), a Delaware corporation (the “Parent Borrower”), and Wells Fargo Bank,
National Association, as administrative agent (the “Administrative Agent”) under that certain Credit Agreement
dated as of October 31, 2017 (as amended, restated or otherwise modified, the “Credit Agreement”), by and among
the Borrowers, the Subsidiaries of the Parent Borrower from time to time party thereto, the lenders from time to time party thereto
(the “Lenders”) and the Administrative Agent. Capitalized terms used herein but not otherwise defined shall
have the meanings provided in the Credit Agreement.

 

In connection with the Agreement and Plan of Merger, dated as of
January 28, 2018, among Holdco, the Parent Borrower, Whiskey Merger Sub, Inc., a Delaware corporation, Kola Merger Sub, Inc., a
Delaware corporation, and KapStone Paper and Packaging Corporation, a Delaware corporation, and as a condition precedent to the
effectiveness of the amendments set forth in Amendment No. 1 to the Credit Agreement, dated as of March 7, 2018 (“Amendment
No. 1”), Holdco has elected to become party to, and a Guarantor under, the Credit Agreement. Pursuant to Section 1 of
Amendment No. 1, the Parent Borrower hereby notifies the Administrative Agent that the Acquisition (as defined in Amendment No.
1) has been consummated on the date hereof.

 

Accordingly, Holdco and the Parent Borrower hereby agree as follows
with the Administrative Agent, for the benefit of the Lenders:

 

1.        Holdco hereby acknowledges,
agrees and confirms that, by its execution of this Agreement, Holdco will be deemed to be a party to, and a “Guarantor”
and the “Holdco” under, the Credit Agreement and shall have all of the obligations of a Guarantor and the Holdco thereunder
as if it had executed the Credit Agreement. Holdco hereby ratifies, as of the date hereof, and agrees to be bound by, all of the
terms, provisions and conditions contained in the applicable Credit Documents, including without limitation (a) all of the
representations and warranties set forth in Article III of the Credit Agreement and (b) all of the affirmative and negative
covenants set forth in Articles V and VI of the Credit Agreement. Without limiting the generality of the foregoing terms of this
Paragraph 1, Holdco hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Credit
Party Obligations in accordance with Article X of the Credit Agreement.

 

2.        Holdco acknowledges
and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto. The information on the
schedules to the Credit Agreement is hereby supplemented (to the extent permitted under the Credit Agreement or Security Documents)
to reflect the information shown on the attached Schedule A.

 

3.        The Borrowers confirm
that the Credit Agreement is, and upon Holdco becoming a Guarantor and the Holdco, shall continue to be, in full force and effect.
The parties hereto confirm and agree that immediately upon Holdco becoming a Guarantor and the Holdco, the term “Credit Party
Obligations” shall include all obligations of Holdco under the Credit Agreement and under each other Credit Document.

 

4.        Each of the Parent Borrower
and Holdco agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute
and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with
the terms and conditions of the Credit Agreement in order to effect the purposes of this Agreement.

 

5.        This Agreement (a) may
be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall
constitute one contract and (b) may, upon execution, be delivered by facsimile or electronic mail, which shall be deemed for
all purposes to be an original signature.

 

6.        This Agreement shall
be governed by and construed and interpreted in accordance with the laws of the State of New York. The terms of Sections 9.12,
9.13 and 9.16 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such
terms.

 

     

     

    

 

	WESTROCK COMPANY,
	a Delaware corporation	 
	 	 	 
	 	 	 
	By:	/s/ John D. Stakel	 
	Name:	John D. Stakel
	Title:	Senior Vice President and Treasurer

 

 

	 	WRKCO INC.,	 
	 	a Delaware corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ John D. Stakel	 
	 	Name:	John D. Stakel
	 	Title:	Senior Vice President and Treasurer

 

 

 

 

IN WITNESS WHEREOF, each of the Parent Borrower and Holdco has caused this Joinder Agreement
to be duly executed by its authorized officer and the Administrative Agent, each for the benefit of the Lenders, has caused the
same to be accepted by its authorized officer, as of the day and year first above written.

 

Acknowledged, accepted and agreed:

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

 

	By:	/s/ Kay Reedy	 
	Name:	Kay Reedy
	Title:	Managing Director

 

   

 

 

 

 

 

     

     

    

 

SCHEDULE A 

to

Joinder Agreement

 

Schedules to Credit Agreement

 

 

None.

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