Document:

Unassociated Document

    Exhibit
      4.32

     

    
      SUPPLEMENTAL
        INDENTURE NO.
        3
        (this
“Supplement”),
        dated
        as of May 4, 2007 is entered into by and among CONSTELLATION BRANDS, INC.,
        a
        Delaware corporation (the “Company”),
        BARTON SMO HOLDINGS LLC, a Delaware limited liability company, ALCOFI INC.,
        a
        New York corporation, and SPIRITS MARQUE ONE LLC, a Delaware limited liability
        company (collectively, the “New
        Guarantors”
and
        each individually, a “New
        Guarantor”),
        and
        BNY MIDWEST TRUST COMPANY, as trustee (the “Trustee”).

      

      RECITALS
        OF THE COMPANY AND THE NEW GUARANTORS

       

      WHEREAS,
        the Company, the Guarantors and the Trustee have executed and delivered an
        Indenture, dated as of August 15, 2006 (the “Base
        Indenture”),
        as
        supplemented by Supplemental Indenture No. 1, dated as of August 15, 2006,
        providing for the issuance of the Company’s 7.25% Senior Notes due 2016 (the
“First
        Supplemental Indenture”)
        and by
        any other supplements and amendments thereto made prior to the date hereof
        and
        in effect on the date hereof (the Base Indenture, the First Supplemental
        Indenture and together with such other supplements and amendments are
        collectively herein referred to as the “Indenture”),
        pursuant to which the Guarantors have agreed to guarantee, jointly and
        severally, the full and punctual payment and performance when due of all
        Indenture Obligations;

       

      WHEREAS,
        each New Guarantor is obligated, pursuant to Section 3.4 of the First
        Supplemental Indenture, to enter into this Supplement thereby guaranteeing
        the
        punctual payment and performance when due of all Indenture
        Obligations;

       

      WHEREAS,
        pursuant to Section 8.1 of the First Supplemental Indenture, the Company,
        the
        New Guarantors and the Trustee may enter into this Supplement without the
        consent of any Holder;

       

      WHEREAS,
        the execution and delivery of this Supplement have been duly authorized by
        all
        requisite action on the part of the Company and New Guarantors; and

       

      WHEREAS,
        all conditions and requirements necessary to make this Supplement valid and
        binding upon the Company and the New Guarantors, and enforceable against
        the
        Company and the New Guarantors in accordance with its terms have been performed
        and fulfilled.

       

      NOW,
        THEREFORE, in consideration of the above premises, each of the parties hereto
        agrees, for the benefit of the others and for the equal and proportionate
        benefit of the Holders of the Securities, as follows:

      ARTICLE
        ONE

      THE
        NEW GUARANTEE

       

      Section
        1.01.
        For
        value received, each New Guarantor hereby absolutely, unconditionally and
        irrevocably guarantees (the “New Guarantee”), jointly and severally among itself
        and the Guarantors, to the Trustee and the Holders, as if such New Guarantor
        was
        the principal debtor, the punctual payment and performance when due of all
        Indenture Obligations (which for purposes of the New Guarantee shall also
        be
        deemed to include all commissions, fees, charges, costs and other expenses
        (including reasonable legal fees and disbursements of one counsel) 

      
        
           

        

        
           

          
            

          

        

        
          -
            2 -

        

      

       

      arising
        out of or incurred by the Trustee or the Holders in connection with the
        enforcement of this New Guarantee) in accordance with, and on the terms set
        forth in, the Indenture. The agreements made and obligations assumed hereunder
        by each New Guarantor shall constitute and shall be deemed to constitute
        a
        Guarantee under the Indenture and for all purposes of the Indenture, and
        such
        New Guarantor shall be considered a Guarantor for all purposes of the Indenture
        as if such New Guarantor was originally named therein as the
        Guarantor.

       

      Section
        1.02.
        The
        New Guarantee shall be released upon the occurrence of the events as provided
        in
        the Indenture.

       

      Section
        1.03.
        In
        accordance with the terms of the Indenture, each New Guarantor hereby waives
        any
        claim or other rights that it may now or hereafter acquire against the Company
        that arise from the existence, payment, performance or enforcement of such
        New
        Guarantor’s obligations under the Indenture or any other documents or instrument
        including, without limitation, any right of subrogation, reimbursement,
        exoneration, contribution, indemnification, or any right to participate in
        any
        claim or remedy of the Guaranteed Parties against the Company.

      
 

      ARTICLE
        TWO

      MISCELLANEOUS

       

      Section
        2.01.
        Except
        as otherwise expressly provided or unless the context otherwise requires,
        all
        terms used herein which are defined in the Indenture shall have the meanings
        assigned to them in the Indenture. Except as supplemented hereby, the Indenture
        (including the Guarantees incorporated therein) and the notes issued pursuant
        thereto are in all respects ratified and confirmed and all the terms and
        provisions thereof shall remain in full force and effect.

       

      Section
        2.02 This Supplement shall be effective as of the close of business on May
        4,
        2007.

       

      Section
        2.03.
        The
        recitals contained herein shall be taken as the statements of the Company
        and
        New Guarantors, and the Trustee assumes no responsibility for their correctness.
        The Trustee makes no representations as to the validity or sufficiency of
        this
        Supplement.

       

      Section
        2.04.
        This
        Supplement shall be governed by and construed in accordance with the laws
        of the
        jurisdiction which govern the Indenture and its construction.

       

      Section
        2.05.
        This
        Supplement may be executed in any number of counterparts each of which shall
        be
        an original, but such counterparts shall together constitute but one and
        the
        same instrument.

      
        
           

        

        
           

          
            

          

        

        
          -
            3 -

        

      

      IN
        WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly
        executed and attested all as of the day and year first above
        written.

       

      

       

      
        	
                CONSTELLATION
                  BRANDS, INC.

              
	 	 
	
                By:

              	
                /s/
                  Thomas D. Roberts  

              
	
                Name:

              	
                Thomas
                  D. Roberts

              
	
                Title:
                  

              	
                Senior
                  Vice President and Treasurer

              

      

      

      
        	
                Attest:

              
	 
	
                /s/
                  Barbara J. LaVerdi 

              
	
                Name:

              	
                Barbara
                  J. LaVerdi

              
	
                Title:
                  

              	
                Vice
                  President and 

                Associate
                  General Counsel

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        
- 4 -

      

      
        	
                BARTON
                  SMO HOLDINGS LLC

              
	 	 
	
                By:

              	
                /s/
                  Thomas D. Roberts  

              
	
                Name:

              	
                Thomas
                  D. Roberts

              
	
                Title:
                  

              	
                Vice
                  President

              

      

      

      
        	
                Attest:

              
	 
	
                /s/
                  Barbara J. LaVerdi 

              
	
                Name:

              	
                Barbara
                  J. LaVerdi

              
	
                Title:
                  

              	
                Assistant
                  Secretary

              

      

      
 

      
        	
                ALCOFI
                  INC.

              
	 	 
	
                By:

              	
                /s/
                  Thomas D. Roberts  

              
	
                Name:

              	
                Thomas
                  D. Roberts

              
	
                Title:
                  

              	
                Vice
                  President

              

      

      
 

      
        	
                Attest:

              
	 
	
                /s/
                  Barbara J. LaVerdi 

              
	
                Name:

              	
                Barbara
                  J. LaVerdi

              
	
                Title:
                  

              	
                Assistant
                  Secretary

              

      

       

      

      
        	
                SPIRITS
                  MARQUE ONE LLC

              
	 	 
	
                By:

              	
                /s/
                  Thomas D. Roberts  

              
	
                Name:

              	
                Thomas
                  D. Roberts

              
	
                Title:
                  

              	
                Vice
                  President

              

      

       

      
        	
                Attest:

              
	 
	
                /s/
                  Barbara J. LaVerdi  

              
	
                Name:

              	
                Barbara
                  J. LaVerdi

              
	
                Title:
                  

              	
                Assistant
                  Secretary

              

      

      

      

      
        
           

        

        
           

          
            

          

        

        
          -
            5 -

        

      

       

      
        	
                BNY
                  MIDWEST TRUST COMPANY

              
	 	 
	
                By:

              	
                /s/
                  D.G. Donovan  

              
	
                Name:

              	
                D.G.
                  Donovan

              
	
                Title:
                  

              	
                Vice
                  President

              

      

      

      
        	
                Attest:

              
	 
	
                /s/
                  M. Callahan  

              
	
                Name:

              	
                M.
                  Callahan

              
	
                Title:
                  

              	
                Vice
                  PresidentUnassociated Document

    Exhibit
      4.39

    

      GUARANTEE
        ASSUMPTION AGREEMENT

       

      GUARANTEE
        ASSUMPTION AGREEMENT dated as of May 4, 2007 by BARTON SMO HOLDINGS LLC,
        a
        Delaware limited liability company, ALCOFI INC., a New York corporation,
        and
        SPIRITS MARQUE ONE LLC, a Delaware limited liability company (collectively,
        the
“Additional
        Subsidiary Guarantors”,
        and
        each individually, an “Additional
        Subsidiary Guarantor”),
        in
        favor of JPMorgan Chase Bank, N.A., as administrative agent for the lenders
        or
        other financial institutions or entities party as “Lenders” to the Credit
        Agreement referred to below (in such capacity, together with its successors
        in
        such capacity, the “Administrative
        Agent”).

       

      Constellation
        Brands, Inc., a Delaware corporation, the Subsidiary Guarantors referred
        to
        therein and the Administrative Agent are parties to a Credit Agreement dated
        as
        of June 5, 2006 (as modified and supplemented and in effect from time to
        time,
        the “Credit
        Agreement”).

       

      Pursuant
        to Section 6.09(b) of the Credit Agreement, each Additional Subsidiary
        Guarantor hereby agrees to become a “Subsidiary
        Guarantor”
for
        all
        purposes of the Credit Agreement, and an “Obligor”
for
        all
        purposes of the U.S. Pledge Agreement. Without limiting the foregoing, each
        Additional Subsidiary Guarantor hereby, jointly and severally with the other
        Subsidiary Guarantors, guarantees to each Lender and the Administrative Agent
        and their respective successors and assigns the prompt payment in full when
        due
        (whether at stated maturity, by acceleration or otherwise) of all Guaranteed
        Obligations (as defined in Section 3.01 of the Credit Agreement) in the
        same manner and to the same extent as is provided in Article III of the
        Credit Agreement. In addition, each Additional Subsidiary Guarantor hereby
        makes
        the representations and warranties set forth in Sections 4.01, 4.02 and
        4.03 of the Credit Agreement, and in Section 2 of the U.S. Pledge
        Agreement, with respect to itself and its obligations under this Agreement,
        as
        if each reference in such Sections to the Loan Documents included reference
        to
        this Agreement.

       

      Each
        Additional Subsidiary Guarantor hereby agrees that Annex 1 of the U.S. Pledge
        Agreement shall be supplemented as provided in Attachment A
        hereto.

      
        
          
          

        

        
          
            Guarantee
              Assumption Agreement 

          

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, each Additional Subsidiary Guarantor has caused this Guarantee
        Assumption Agreement to be duly executed and delivered as of the day and
        year
        first above written.

       

      
        

        
          	
                  BARTON
                    SMO HOLDINGS LLC

                
	 	 
	
                  By:

                	
                  /s/
                    Thomas D. Roberts  

                
	
                  Name:

                	
                  Thomas
                    D. Roberts

                
	
                  Title:
                    

                	
                  Vice
                    President

                

        

        

        

        
          	
                  ALCOFI
                    INC.

                
	 	 
	
                  By:

                	
                  /s/
                    Thomas D. Roberts  

                
	
                  Name:

                	
                  Thomas
                    D. Roberts

                
	
                  Title:
                    

                	
                  Vice
                    President

                

        

        

         

        
          	
                  SPIRITS
                    MARQUE ONE LLC

                
	 	 
	
                  By:

                	
                  /s/
                    Thomas D. Roberts  

                
	
                  Name:

                	
                  Thomas
                    D. Roberts

                
	
                  Title:
                    

                	
                  Vice
                    President

                

        

        

        

        
          	
                  Accepted
                    and agreed:

                
	 
	
                  /s/
                    JP Morgan Chase Bank, N.A., as 

                  Administrative
                    Agent

                   

                
	By:
	 /s/ Randolph
                  Cates
	
                  Name:

                	
                   Randolph
                    Cates

                
	
                  Title:
                    

                	
                   Executive
                    Director

                

        

         

      

      
        
          
             

            Guarantee
              Assumption Agreement 

             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      ATTACHMENT
        A

       

      SUPPLEMENT
        TO ANNEX 1 TO U.S. PLEDGE AGREEMENT

       

      PART
        A

       

      PLEDGED
        STOCK

       

      
        	
                 

                U.S.
                  ISSUERS

                 

              
	
                Issuer

                 

              	
                Certificate
                  No.

                 

              	
                Registered
                  Owner

                 

              	
                Number
                  of Shares

                 

              
	
                ALCOFI
                  INC.

                 

              	
                2

                 

              	
                Barton
                  SMO Holdings LLC

                 

              	
                20
                  Common Shares, 

                no
                  par value

                 

              

      

      

       

      PART
        B

       

      PLEDGED
        INTERESTS

       

      
        	
                 

                U.S.
                  ISSUERS

                 

              
	
                Issuer

                 

              	
                Certificate
                  No.

                 

              	
                Registered
                  Owner

                 

              	
                Ownership
                  Interests

                 

              
	
                Barton
                  SMO Holdings LLC

                 

              	
                A-1

                 

              	
                Barton
                  Incorporated

                 

              	
                249,717
                  Class A 

                Common
                  Shares, no 

                par
                  value

                 

              
	
                SPIRITS
                  MARQUE ONE LLC

                 

              	
                4

                 

              	
                ALCOFI
                  INC.

                 

              	
                100%,
                  no par value

                 

              

      

      
 

       

       

      
        
          
            Guarantee
              Assumption Agreement

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