Document:

QuickLinks
 -- Click here to rapidly navigate through this document

EXHIBIT 10.12.6  

 
  AMENDMENT NO. 3
  to the
  SECOND AMENDED AND RESTATED AGREEMENT
  between
  PHILIP MORRIS USA INC.
  and
  SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
  for FINE PAPER
SUPPLY    
    

        This Amendment No. 3, effective August 11, 2003, is by and between Philip Morris USA Inc. (formerly Philip Morris Incorporated), a Virginia
corporation doing business as Philip Morris U.S.A. ("Buyer"), and Schweitzer-Mauduit International, Inc., a Delaware corporation ("Seller"). 

 
 

RECITALS    
    

        Whereas, Buyer and Seller have previously entered into the Second Amended and Restated Agreement for Fine Paper Supply, effective July 1, 2000, which has
been amended by Amendment No. 1, effective May 23, 2002 and Amendment No. 2, effective January 1, 2003 (as amended, the "Agreement"); and 

        Whereas,
Buyer and Seller now wish to amend the Agreement as provided herein. 

        Now
therefore, in consideration of the promises exchanged herein and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, Buyer and Seller
agree as follows: 

        1.    Definitions.    Except as expressly provided herein, all capitalized terms used herein shall have the meanings
assigned to them in the Agreement, as amended, or in the Amended and Restated Addendum to Fine Papers Supply Agreement, effective July 1, 2000 (the "Addendum"). 

        2.    Temporary Adjustment to Prices for Cigarette Paper.    Paragraph 10 and Paragraph 11 of Amendment
No. 2 to the Agreement shall not be applicable to the first [****] Bobbins of Cigarette Paper [****] delivered to Buyer during the period
[****] through[****]. Instead, the Adjusted Base Prices that shall be used pursuant to Article VIII.C of the Agreement to compute the Invoice
Prices for the first [****] Bobbins of Cigarette Paper (excluding Banded Cigarette Paper) delivered during such period shall be the applicable Base Price set forth in
Attachment 1 to Amendment No. 2 to this Agreement, adjusted as applicable pursuant to Article VIII.D of the Agreement, [****]. Paragraph 10 and
Paragraph 11 of Amendment No. 2 to the Agreement shall continue to be applicable (i) for all Bobbins of Cigarette Paper [****] in excess of
[****] Bobbins delivered to Buyer during the period [****] through [****] and (ii) for Cigarette Paper
[****] delivered to Buyer after [****]. 

        3.    Adjusted Invoices and Payments for Shipments made after [****].    To the extent any of
the Cigarette Paper whose pricing is revised by the first three sentences of Paragraph 2 above has been delivered to and paid for by Buyer in accordance with Amendment No. 2 to the
Agreement, Seller shall submit an adjusted invoice to Buyer requesting payment for the difference, if any, between the amount paid by Buyer and the amount payable determined as set forth in
Paragraph 2. Such invoice shall be submitted no later than 30 days after the effective date of this Amendment No. 3. Buyer shall pay such invoice within 30 days after
Buyer's receipt thereof. 

        4.    Temporary Adjustment to Prices for Plug Wrap.    Notwithstanding anything in Amendment No. 2 to the
contrary, the applicable Invoice Price for the first [****] Bobbins of [****] Plug Wrap delivered during the period [****]
through [****], shall be [****] per Bobbin. If more than [****] Bobbins of Plug Wrap are delivered to Buyer during the period
[****] through [****], the applicable Adjusted Base Price for such excess Bobbins shall be determined as set forth in Amendment No. 2. The
applicable Adjusted Base Price for Plug Wrap delivered to Buyer on and after [****] shall be as set forth in Amendment No. 2. 

	[****]
	Confidential
material appearing in this document has been omitted and filed separately with the Securities and Exchange Commission in
accordance with Rule 24 b-2, promulgated under the Securities and Exchange Act of 1934, as amended. Omitted information has been replaced with asterisks. 

 

        5.    Temporary Adjustment to [****].    In accordance with Article 4.4.3 of the
Addendum, the [****] per Standard Bobbin of Cigarette Paper as set forth in Article 3.5.3.4 of the Addendum shall adjusted from [****] per
Standard Bobbin to [****] per Standard Bobbin for all Cigarette Paper delivered to Buyer during the period [****] through
[****]. Commencing on [****], the [****] shall be re-adjusted to [****] per Standard Bobbin
of Cigarette Paper for all Cigarette Paper delivered to Buyer on and after [****]. 

        6.    Temporary Adjustment to [****].    In accordance with Article 3.6.2 of the
Addendum, the [****] per Standard Bobbin of Cigarette Paper shall be adjusted from [****] per Standard Bobbin to [****] per
Standard Bobbin for all Cigarette Paper delivered to Buyer during the period [****] through [****]. Commencing on [****}, the
[****] shall be re-adjusted to [****] per Standard Bobbin for all Cigarette Paper delivered to Buyer on and after
[****]. 

        7.    Other Provisions Unchanged.    All other provisions of the Agreement shall remain unchanged. 

        8.    Separate Counterparts.    This Amendment No. 3 may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures were upon the same instrument. 

        9.    Entire Agreement.    The Agreement and this Amendment No. 3 constitute the entire agreement between the
parties regarding the subject matter contained herein. 

        IN
WITNESS WHEREOF, the parties have caused their duly authorized representatives to sign this Amendment No. 3, intending that the parties should be bound thereby. 

	PHILIP MORRIS USA INC.	 	SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/  TIM R. CAMPBELL      
	 	By:	/s/  PETER J. THOMPSON      

	Name:	Tim R. Campbell	 	Name:	Peter J. Thompson
	Title:	Director, Purchasing	 	Title:	President—U.S. Operations

	[****]
	Confidential
material appearing in this document has been omitted and filed separately with the Securities and Exchange Commission in
accordance with Rule 24 b-2, promulgated under the Securities and Exchange Act of 1934, as amended. Omitted information has been replaced with asterisks. 

2

QuickLinks

AMENDMENT NO. 3 to the SECOND AMENDED AND RESTATED AGREEMENT between PHILIP MORRIS USA INC. and SCHWEITZER-MAUDUIT INTERNATIONAL, INC. for FINE PAPER SUPPLY

RECITALSQuickLinks
 -- Click here to rapidly navigate through this document

EXHIBIT 10.14.3  

 
 

AMENDMENT NO. 2    
    

        This Amendment No. 2 dated as of January 29, 2004 ("Amendment") is among Schweitzer-Mauduit International, Inc., a Delaware corporation
("Company"), Schweitzer-Mauduit France S.A.R.L., a French corporation ("SARL", together with the Company, the "Borrowers"), the banks party hereto ("Banks") and Societe Generale, as
agent for the Banks ("Agent"). 

 
 

INTRODUCTION    
    

        A.    The
Borrowers, the Banks and the Agent are party to the Credit Agreement dated as of January 31, 2002, as amended by Amendment No. 1 dated as of
January 30, 2003 (the "Credit Agreement"). 

        B.    The
Borrowers have requested that the Banks agree to extend the Maturity Date of the Tranche A Commitments under the Credit Agreement from January 29, 2004 to
January 27, 2005. 

        THEREFORE,
the Borrowers, the Agent and the Banks hereby agree as follows: 

        Section 1.    Definitions; References.    Unless otherwise defined in this Amendment, terms used in this
Amendment that are defined in the Credit Agreement shall have the meanings assigned to such terms in the Credit Agreement. 

        Section 2.    Amendments.    Upon the satisfaction of the conditions precedent set forth in Section 4
below, Section 1.01 of the Credit Agreement is hereby amended by deleting the date "January 29, 2004" in the definition of "Maturity Date" and replacing it with the date
"January 27, 2005". 

        Section 3.    Representations and Warranties.    The Borrowers represent and warrant to the Agent and the Banks
as of the date hereof: 

        (a)   Any
representations and warranties set forth in the Credit Agreement and in the other Credit Documents (other than those made as of a specific date) are true and correct
in all material respects; 

        (b)   (i) The
execution, delivery and performance of this Amendment are within the corporate power and authority of the Borrowers and have or will have been duly
authorized by appropriate proceedings and (ii) this Amendment constitutes a legal, valid, and binding obligation of the Borrowers enforceable in accordance with its terms, except as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity; and 

        (c)   No
Default or Event of Default has occurred and is continuing. 

        Section 4.    Effectiveness.    This Amendment shall become effective and the Credit Agreement shall be amended
as provided in Section 2 of this Amendment when the Agent shall have received this Amendment duly and validly executed by the Borrowers, the Agent and the Banks. 

        Section 5.    Reaffirmation of Guaranty.    The Company hereby reaffirms its obligations under
Article VIII of the Credit Agreement and agrees to remain liable for the repayment of the Guaranteed Obligations (as defined therein), as such Guaranteed Obligations have been amended hereby. 

        Section 6.    Choice of Law.    This Amendment shall be governed by and interpreted in accordance with the laws
of the State of New York, without giving effect to the conflict of laws principles thereof. 

        Section 7.    Counterparts.    This Amendment may be signed in any number of counterparts, each of which shall
be an original. 

        EXECUTED
as of the date first set forth above. 

	 	 	BORROWERS:
	 	 	 	 	 
	 	 	SCHWEITZER-MAUDUIT INTERNATIONAL, INC.
	 	 	 	 	 
	 	 	By:	 	/s/  WAYNE H. DEITRICH      
 Wayne H. Deitrich

Chairman and Chief Executive Officer
	 	 	 	 	 
	 	 	SCHWEITZER-MAUDUIT FRANCE S.A.R.L.
	 	 	 	 	 
	 	 	By:	 	/s/  JEAN-PIERRE LE HETET      
 Jean-Pierre Le Hetet

Gerant (Manager)
	 	 	 	 	 
	 	 	 	 	 
	 	 	AGENT:
	 	 	 	 	 
	 	 	SOCIETE GENERALE
	 	 	 	 	 
	 	 	By:	 	/s/  MARC POUGET-ABADIE      
 Marc Pouget-Abadie

Director
	 	 	 	 	 
	 	 	 	 	 
	 	 	BANKS:
	 	 	 	 	 
	 	 	SOCIETE GENERALE
	 	 	 	 	 
	 	 	By:	 	/s/  MARC POUGET-ABADIE      
 Marc Pouget-Abadie

Director
	 	 	 	 	 
	 	 	BANQUE DE CHINE PARIS
	 	 	 	 	 
	 	 	By:	 	/s/  YAO HUEMING      
 Yao Huming

Head of Corporate Banking Department
	 	 	 	 	 
	 	 	NATEXIS BANQUE POPULAIRES
	 	 	 	 	 
	 	 	By:	 	/s/  YVES DARGENT      
 Yves Dargent

Director
	 	 	 	 	 
	 	 	By:	 	/s/  HERVE BACHELOT      
 Herve Bachelot

Sales
	 	 	 	 	 
	 	 	 	 	 

	 	 	BNP—PARIBAS
	 	 	 	 	 
	 	 	By:	 	/s/  JEAN-EUDES BLEHER      
 Jean-Eudes Bleher

Responsible Role Risque
	 	 	 	 	 
	 	 	By:	 	/s/  FREDERIC QUANDALLE      
 Frederic Quandalle

Responsible Commercial
	 	 	 	 	 
	 	 	CAISSE REGIONALE DE CREDIT

AGRICOLE MUTUEL DU FINISTERE
	 	 	 	 	 
	 	 	By:	 	/s/  BERTRAND LE BOITE      
 Bertrand Le Boite

Director Agence Grands Entreprises
	 	 	 	 	 
	 	 	SUNTRUST BANK
	 	 	 	 	 
	 	 	By:	 	/s/  DAVID W. PENTER      
 David W. Penter

Director
	 	 	 	 	 
	 	 	CREDIT LYONNAIS
	 	 	 	 	 
	 	 	By:	 	/s/  ERIC CORBISIER      
 Eric Corbisier

Director Regional Enterprises
	 	 	 	 	 
	 	 	CREDIT COMMERCIAL DE FRANCE
	 	 	 	 	 
	 	 	By:	 	/s/  DE VASSELOT      
 De Vasselot

Branch Manager

QuickLinks

AMENDMENT NO. 2

INTRODUCTION

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]