Document:

Exhibit

Exhibit 4.18.2   

FIRST SUPPLEMENTAL INDENTURE dated as of January 11, 2018 
 
among 
 
MOLSON COORS BREWING COMPANY, 
 
 
THE GUARANTOR NAMED HEREIN 
 
and 
 
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
as Trustee

Senior Floating Rate Notes due 2019 
 

THIS FIRST SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of January 11, 2018 and effective as of January 1, 2018, among Molson Coors Brewing Company, a Delaware corporation (the “Company”), the Guarantor party hereto and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”).
RECITALS
WHEREAS, the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of March 15, 2017 (the “Indenture”), relating to the Company’s Senior Floating Rate Notes due 2019 (the “Notes”);
WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant to the Indenture to cause Subsidiaries to provide Guarantees in certain circumstances, and, pursuant to Section 4.07 of the Indenture, to execute and deliver to the Trustee a supplemental indenture in the form of Exhibit B to the Indenture;
WHEREAS, pursuant to Section 9.01(i) of the Indenture, the Company may amend or supplement the Indenture without the consent of any Noteholder to add Guarantors with respect to the applicable series of Notes;
WHEREAS, pursuant to Section 9.04, the Trustee is entitled to receive and rely on an Officer’s Certificate and an Opinion of Counsel stating that the execution of any amendment or supplement is authorized or permitted by the Indenture, together with an opinion that such amendment or supplement is a legal, valid and binding obligation of the Company and the Guarantors and is enforceable against them in accordance with its terms;
WHEREAS, Section 10.09 of the Original Indenture provides that a Guarantor shall automatically be deemed released from all its obligations under its Note Guaranty, if at any time when no Default has occurred and is continuing with respect to any series of Notes, such Guarantor no longer guarantees (or which guarantee is being simultaneously released or will be immediately released after the release of the Guarantor) the Debt of the Company under (i) the Company’s then-existing primary credit facility; (ii) the Existing Notes; or (iii) any Additional Debt;
WHEREAS, each of MillerCoors Holdings LLC, MC Holding Company LLC and Jacob Leinenkugel Brewing Co., LLC has been released as a guarantor under certain Subsidiary Guarantee Agreement, dated as of July 7, 2017 (as amended, restated, supplemented or otherwise modified from time to time) in connection with the Company’s revolving credit facility, and shall automatically be deemed released from all obligations under its Note Guaranty, together with the concurrent automatic release under the Supplemental Indenture herein;

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WHEREAS, the last paragraph of Section 10.09 of the Indenture provides that upon delivery by the Company to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect of 10.09 (a), (b) or (c), the Trustee will execute documents reasonably required in order to evidence the release of the Guarantor from its obligations under the Note Guaranty;
WHEREAS, the Company has requested the Trustee to join the Company in execution of the Supplemental Indenture, and the Company has delivered to the Trustee the documents required under the Indenture in connection therewith;
WHEREAS, all things necessary to make this Supplemental Indenture a valid agreement of the Company and the Guarantors, in accordance with its terms, have been performed, and the execution and delivery of this Supplemental Indenture has been duly authorized in all respects.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows:
Section 1.    Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.
Section 2.    The Trustee hereby acknowledges that the Note Guaranty of each of MillerCoors Holdings LLC, MC Holding Company LLC and Jacob Leinenkugel Brewing Co., LLC has been automatically released on the date hereof and that each of MillerCoors Holdings LLC, MC Holding Company LLC and Jacob Leinenkugel Brewing Co., LLC has no further obligations under the Indenture, the Notes or the Note Guaranty and is no longer a Guarantor.
Section 3.      Each Undersigned, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof.
Section 4.    This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
Section 5.    This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.
Section 6.    This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will henceforth be read together.
Section 7.    The Trustee is not responsible for the sufficiency or validity of this Supplemental Indenture nor for the recitals herein.

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.
	
		
	MOLSON COORS BREWING COMPANY, as Issuer

	By:
	/s/ E. Lee Reichert

	 
	Name:   E. Lee Reichert

	 
	Title:   Deputy Chief Legal Officer and Secretary

	
		
	MILLERCOORS USA LLC, as a Guarantor

	By:
	/s/ E. Lee Reichert

	 
	Name:   E. Lee Reichert

	 
	Title:   Assistant Secretary

[Signature Page to First Supplemental Indenture]

	
		
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

	By:
	/s/ Karen Yu

	 
	Name:   Karen Yu

	 
	Title:   Vice President

	 

	 
	 

[Signature Page to First Supplemental Indenture]Exhibit

Exhibit 10.8.3
SUPPLEMENT NO. 1, dated as of January 11, 2018 and effective as of January 1, 2018 (this “Supplement”), to the Subsidiary Guarantee Agreement dated as of July 7, 2017, among MOLSON COORS BREWING COMPANY, a Delaware corporation (the “Company”), MOLSON COORS BREWING COMPANY (UK) LIMITED, MOLSON CANADA 2005, MOLSON COORS CANADA INC. and MOLSON COORS INTERNATIONAL LP (the “Initial Borrowing Subsidiaries” and, together with the Company and other Borrowing Subsidiaries from time to time party to the Credit Agreement, the “Borrowers”), each subsidiary of the Company listed on Schedule I hereto (each such subsidiary individually, a “Guarantor” and collectively, the “Guarantors”) and CITIBANK N.A., as Administrative Agent (in such capacity, the “Administrative Agent”).
A.Reference is made to the Credit Agreement dated as of July 7, 2017 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company, the Initial Borrowing Subsidiaries and other Borrowing Subsidiaries from time to time party thereto, the Lenders and Issuing Banks from time to time party thereto and the Administrative Agent.

B.Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and the Subsidiary Guarantee Agreement referred to therein.

C.The Guarantors have entered into the Subsidiary Guarantee Agreement in order to induce the Lenders to make Loans and accept and purchase B/As upon the terms and subject to the conditions set forth in the Credit Agreement.  Section 21 of the Subsidiary Guarantee Agreement provides that additional Subsidiaries of the Company may become Guarantors under the Subsidiary Guarantee Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the Subsidiary Guarantee Agreement in order to induce the Lenders to make additional Loans and accept and purchase additional B/As and as consideration for Loans previously made and B/As previously accepted and purchased.

Accordingly, the Administrative Agent and the New Subsidiary agree as follows:
SECTION 1.    In accordance with Section 21 of the Subsidiary Guarantee Agreement, the New Subsidiary by its signature below becomes a Guarantor under the Subsidiary Guarantee Agreement with the same force and effect as if originally named therein as a Guarantor and the New Subsidiary hereby agrees to all the terms and provisions of the Subsidiary Guarantee Agreement applicable to it as a Guarantor thereunder. Each reference to a “Guarantor” in the Subsidiary Guarantee Agreement shall be deemed to include the New Subsidiary. The Subsidiary Guarantee Agreement is hereby incorporated herein by reference.
SECTION 2.    The New Subsidiary represents and warrants to the Administrative Agent and the Lenders that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting 

creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
SECTION 3.  This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary.

Delivery of an executed signature page to this Supplement by facsimile transmission (or other electronic transmission (including by .pdf)) shall be as effective as delivery of a manually signed counterpart of this Supplement.
SECTION 4.    Except as expressly supplemented hereby, the Subsidiary Guarantee Agreement shall remain in full force and effect.
SECTION 5.    THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
SECTION 6.    In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good- faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 7.    All communications and notices hereunder shall be in writing and given as provided in Section 8 of the Subsidiary Guarantee Agreement. All communications and notices hereunder to the New Subsidiary shall be given to it at the address set forth under its signature below.
SECTION 8.    The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other charges and out-of-pocket disbursements of counsel for the Administrative Agent to the extent payable pursuant to Section 10.03 of the Credit Agreement.
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this Supplement to the Subsidiary Guarantee Agreement as of the day and year first above written.

	
	
	MILLERCOORS USA LLC

	

By:   /s/ E. Lee Reichert   

	Name: E. Lee Reichert

	Title: Assistant Secretary

	
	
	CITIBANK, N.A., as Administrative Agent

	

By:   /s/ Carolyn Kee   

	Name: Carolyn Kee

	Title: Vice President

Schedule I
to Supplement to the Subsidiary Guarantee Agreement

GUARANTORS

COORS BREWING COMPANY 
CBC HOLDCO 3 INC.
CBC HOLDCO 2 LLC 
CBC HOLDCO LLC
NEWCO3, INC.
MILLERCOORS LLC
MOLSON COORS INTERNATIONAL GENERAL, ULC 
COORS INTERNATIONAL HOLDCO 2, ULC 
MOLSON COORS INTERNATIONAL LP
MOLSON COORS CALLCO ULC
MOLSON COORS CANADA HOLDCO, ULC 
MOLSON COORS CANADA INC.
MOLSON HOLDCO, ULC 
MOLSON INC.
MOLSON CANADA 2005 
MOLSON CANADA 1 ULC 
MOLSON CANADA 2 ULC 
MOLSON CANADA 3 ULC
3230600 NOVA SCOTIA COMPANY 
MOLSON COORS (UK) HOLDINGS LLP 
GOLDEN ACQUISITION
MOLSON COORS HOLDINGS LIMITED
MOLSON COORS BREWING COMPANY (UK) LIMITED 
MOLSON COORS HOLDCO INC.

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