Document:

a6528476ex4-2.htm

EXHIBIT 4.2

 

 

	Execution Version 

 

 

 

AptarGroup, Inc.

 

 

 

 

___________________________________

 

First Amendment

Dated as of November 30, 2010

 

 

to

 

 

Note Purchase Agreement

Dated as of July 31, 2008

 

___________________________________

 

 

 

 

 

Re:  $25,000,000 aggregate principal amount

5.41% Senior Notes, Series 2008-A-1, due July 31, 2013

$75,000,000 aggregate principal amount

6.03% Senior Notes, Series 2008-A-2, due July 31, 2018

 

 

	 

 

  

  

  

 

First Amendment to Note Purchase Agreement

 

This First Amendment dated as of November 30, 2010 (the or this “First Amendment”) to the Note Purchase Agreement dated as of July 31, 2008 is between AptarGroup, Inc., a Delaware corporation (the “Company”), and each of the institutions which is a signatory to this First Amendment (collectively, the “Noteholders”).

 

Recitals:

 

A.Pursuant to that certain Note Purchase Agreement dated as of July 31, 2008 (the “Note Purchase Agreement”) between the Company and each of the purchasers listed in Schedule A thereto, the Company has heretofore issued $25,000,000 aggregate principal amount of Notes designated as its 5.41% Senior Notes, Series 2008-A-1, due July 31, 2013 (the “Series 2008-A-1 Notes”) and (ii) $75,000,000 aggregate principal amount of Notes designated as its 6.03% Senior Notes, Series 2008-A-2, due July 31, 2018 (the “Series 2008-A-2 Notes”, and together with the Series 2008-A-1 Notes, the “Series 2008-A Notes”).

 

B.The Noteholders are the holders of more than 50% of the principal amount of the Series 2008-A Notes outstanding as of the date of this First Amendment (exclusive of Notes owned by the Company or any of its Affiliates).

 

C.The Company and the Noteholders now desire to amend the Note Purchase Agreement in the respects, but only in the respects, hereinafter set forth.

 

Now, therefore, upon the full and complete satisfaction of the conditions precedent to the effectiveness of this First Amendment set forth in Section 3.1 hereof, and in consideration of good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Company and the Noteholders do hereby agree as follows:

 

Section 1.          Amendments.

 

Section 1.1.  Section 10.2(i) of the Note Purchase Agreement shall be and is hereby amended by deleting the period at the end of the first sentence and adding the following proviso at the end of the first sentence:

 

and provided, further, that no Lien created, assumed or incurred pursuant to this Section 10.2(i) shall secure the Bank Credit Agreement or related guaranties unless the Notes are also secured equally and ratably pursuant to an agreement reasonably satisfactory to the Required Holders.

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

 

Section 1.2.  The following shall be added as a new Section 22.8 to the Note Purchase Agreement:

 

Section 22.8.  FASB 159.  For purposes of determining compliance with the financial covenants contained in this Agreement, any election by the Company to measure an item of Indebtedness using an amount other than par (as permitted by FASB 159 or any similar accounting standard) shall be disregarded and such determination shall be made as if such election had not been made. 

 

Section 1.3.  Schedule B of the Note Purchase Agreement shall be and is hereby amended by deleting the definition of “Capital Lease” and replacing it with the following:

 

“Capital Lease” means, at any time, a lease with respect to which the lessee is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP as in effect on November 30, 2010.

 

Section 1.4.  The following shall be added as a new definition in alphabetical order to Schedule B of the Note Purchase Agreement:

 

“Bank Credit Agreement” means that certain Amended and Restated Multicurrency Credit Agreement dated as of July 31, 2006 among the Company, AptarGroup Holding SAS, Bank of America, N.A., as administrative agent, and the other commercial banks from time to time parties thereto, as the same may from time to time be amended, modified, extended, replaced, refinanced or renewed. 

 

Section 2.          Representations and Warranties of the Company.

 

Section 2.1.  To induce the Noteholders to execute and deliver this First Amendment (which representations shall survive the execution and delivery of this First Amendment), the Company represents and warrants to the Noteholders that:

 

(a)this First Amendment constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law);

 

(b)the Note Purchase Agreement, as amended by this First Amendment, constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law);

 

  

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	AptarGroup, Inc.	First Amendment

 

 

(c)this First Amendment has been duly authorized by all necessary corporate action on the part of the Company;

 

(d)the execution, delivery and performance by the Company of this First Amendment (i) does not require the consent or approval of any Governmental Authority and (ii) will not (A) violate (1) any provision of law, statute, rule or regulation of any Governmental Authority applicable to the Company, other than violations that would not reasonably be expected to have a Material Adverse Effect, (2) the Company’s certificate of incorporation or bylaws, (3) any order of any court, arbitrator or Governmental Authority applicable to the Company or (4) any provision of any Material indenture or any other Material agreement or instrument to which it is a party or by which its properties or assets are or may be bound, or (B) result in a breach or constitute a default under any Material indenture or any other Material agreement or instrument referred to in clause (ii)(A)(4) of this Section 2.1(d); and

 

(e)as of the date hereof and after giving effect to this First Amendment, no Default or Event of Default has occurred which is continuing.

 

Section 3.          Conditions to Effectiveness of This First Amendment.

 

Section 3.1.  This First Amendment shall not become effective until, and shall become effective when,  executed counterparts of this First Amendment, duly executed by the Company and the holders of more than 50% of the principal amount of the Series 2008-A Notes outstanding as of the date of this First Amendment (exclusive of Notes owned by the Company or any of its Affiliates), shall have been delivered to the Noteholders or their special counsel.

 

Section 4.          [Reserved].

 

Section 5.          Miscellaneous.

 

Section 5.1.  Capitalized terms used herein shall have the respective meanings ascribed thereto in the Note Purchase Agreement unless herein defined or the context shall otherwise require.

 

Section 5.2.  This First Amendment shall be construed in connection with and as part of the Note Purchase Agreement, and except as modified and expressly amended by this First Amendment, all terms, conditions and covenants contained in the Note Purchase Agreement and the Notes shall remain in full force and effect.

 

Section 5.3.  Any and all notices, requests, certificates and other instruments executed and delivered after the execution and delivery of this First Amendment may refer to the Note Purchase Agreement without making specific reference to this First Amendment, but nevertheless all such references shall include this First Amendment unless the context otherwise requires.

 

  

-3-

  

 

	AptarGroup, Inc.	First Amendment

 

 

Section 5.4.  The descriptive headings of the various sections of this First Amendment are for convenience only and shall not affect the meaning or construction of any of the provisions hereof.  The Note Purchase Agreement and this First Amendment embody the entire agreement and understanding between each Noteholder and the Company and supersede all prior agreements and understandings relating to the subject matter hereof.

 

Section 5.5.  This First Amendment shall be governed by and construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of Illinois, excluding choice-of-law principles of the law of such State that would permit or require the application of the laws of a jurisdiction other than such State.

 

 

 

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-4-

  

	AptarGroup, Inc.	First Amendment

 

 

Section 5.6.  This First Amendment may be executed in any number of counterparts, each of which shall be an original but all of which together shall constitute one instrument.  Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.

 

	
 

	  
	  	
AptarGroup, Inc.

	  	  
	  	  
	  	
By

	
  /s/ Robert W. Kuhn

	 	 	

Robert W. Kuhn

	 	 	

Executive Vice President and Chief 

	 	 	

Financial Officer

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

Accepted and Agreed to:

 

	  	
American Family Life Insurance 

	  	
Company

	  	  
	  	  
	  	
By

	
 /s/ Phillip Hannifan

	  	
Phillip Hannifan

	  	
Investment Manager

	  	  

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
American United Life Insurance Company

	  	  
	  	  
	  	
By

	
 /s/ John C. Mason

	  	
John C. Mason

	  	
V.P. Fixed Income Securities

	  	  
	  	  
	  	
The State Life Insurance Company

	  	  
	  	  
	  	
By

	
American United Life Insurance Company

	  	
Its 

	
Agent

	  	  
	  	  
	  	  
	  	
By

	
/s/ John C. Mason

	  	
John C. Mason

	  	
V.P. Fixed Income Securities

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

 

Accepted and Agreed to:

 

	  	
AXA Equitable Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
 /s/ Amy Judd

	  	
Amy Judd

	  	
Investment Officer

	  	  

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
GuideOne Mutual Insurance Company

	  	  
	  	
By

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
By

	
/s/ John C. Mason

	  	
John C. Mason

	  	
V.P. Fixed Income Securities

	  	  
	  	  
	  	
Industrial Alliance Pacific Insurance and

	  	
Financial Services, Inc.

	  	
(Fka: Industrial-Alliance Pacific Life

	  	
Insurance Company)

	  	  
	  	
By:

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
Catholic Financial Life

	  	
(fka: Catholic Knights)

	  	  
	  	
By: Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
Cincinnati Insurance Company

	  	  
	  	
By

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
/s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
Fidelity Life Association

	  	  
	  	
By: 

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
Fort Dearborn Life Insurance Company

	  	  
	  	
By: 

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
The Lafayette Life Insurance Company

	  	  
	  	  
	  	
By: Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
Minnesota Life Insurance Company

	  	  
	  	
By

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
/s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
United Insurance Company of America

	  	  
	  	
By: 

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

	  	  
	  	  
	  	
World Insurance Company

	  	  
	  	
By: 

	
Advantus Capital Management, Inc.

	  	  
	  	  
	  	  
	  	
By

	
 /s/ James W. Tobin

	  	
James W. Tobin

	  	
Vice President

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
Modern Woodmen of America

	  	  
	  	  
	  	
By

	
 /s/ Douglas A. Pannier

	  	
Douglas A. Pannier

	  	
Portfolio Manager – Private Placements

	  	  

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
National Guardian Life Insurance 

	  	
Company

	  	  
	  	  
	  	  
	  	
By

	
 /s/ R.A. Mucci

	  	
R.A. Mucci

	  	
Senior Vice President & Treasurer

	  	  
	  	  
	  	
Settlers Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
/s/ R.A. Mucci

	  	
R.A. Mucci

	  	
Senior Vice President & Treasurer

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

Accepted and Agreed to:

 

	  	
National Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
 /s/ R. Scott Higgins  

	  	
R. Scott Higgins  

	  	
Sentinel Asset Management

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

 

 

Accepted and Agreed to:

 

	  	
The Northwestern Mutual Life Insurance 

	  	
Company

	  	  
	  	  
	  	  
	  	
By

	
 /s/ David A. Barras

	  	
David A. Barras

	  	
Its Authorized Representative

 

  

  

  

 

	AptarGroup, Inc.	First Amendment

Accepted and Agreed to:

 

	  	
Southern Farm Bureau Life Insurance

	  	
Company

	  	  
	  	  
	  	  
	  	
By

	
 /s/ David Divine

	  	
David Divine

	  	
Portfolio Managera6528476ex4-3.htm

 

	Execution Version	Exhibit 4.3

 

 

Supplemental Note Purchase Agreement

AptarGroup, Inc.

475 West Terra Cotta Avenue, Suite E

Crystal Lake, Illinois  60014

 

As of November 30, 2010

To Each of the Purchasers

Named in the Supplemental

Purchaser Schedule Exhibit A Attached Hereto (each, a “Supplemental Purchaser”)

 

Ladies and Gentlemen:

 

Reference is made to the Note Purchase Agreement, dated as of July 31, 2008 between AptarGroup, Inc., a Delaware corporation (the “Company”), and each of the purchasers listed in Schedule A thereto, as amended by that certain First Amendment to Note Purchase Agreement dated as of November 30, 2010 (as hereinafter further amended and supplemented, the “Agreement”).  Terms used but not defined herein shall have the respective meanings set forth in the Agreement. 

 

As contemplated in Section 1.2 of the Agreement, the Company agrees with you as follows: 

 

A.Subsequent Series of Notes.  The Company has authorized the issue and sale of (i) $16,000,000 aggregate principal amount of Notes to be designated as its 2.33% Senior Notes, Series 2008-B-1, due November 30, 2015 (the “Series 2008-B-1 Notes”) and (ii) $84,000,000 aggregate principal amount of Notes to be designated as its 3.78% Senior Notes, Series 2008-B-2, due November 30, 2020 (the “Series 2008-B-2 Notes”, and together with the Series 2008-B-1 Notes, the “Series 2008-B Notes,” such term to include any such Notes issued in substitution therefor pursuant to Section 13 of the Agreement).  The Series 2008-B Notes shall be substantially in the form attached to the Agreement as Exhibit 1.2(B), with such changes therefrom, if any, as may be approved by you and the Company.

 

B.Purchase and Sale of Series 2008-B Notes.  Subject to the terms and conditions of the Agreement and this Supplemental Note Purchase Agreement, the Company hereby agrees to issue and sell to each Supplemental Purchaser set forth on the Supplemental Purchaser Schedule attached hereto (collectively, the “Series 2008-B Purchasers”) and each Series 2008-B Purchaser agrees to purchase from the Company at the Series 2008-B Closing (as defined below) the aggregate principal amount and tranche of the Series 2008-B Notes set opposite such Series 2008-B Purchaser’s name in such Supplemental Purchaser Schedule at the purchase price of 100% of the principal amount thereof.  The obligations of the Series 2008-B Purchasers hereunder are several and not joint obligations, and no Series 2008-B Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Series 2008-B Purchaser hereunder.  

 

  

  

  

 

C.Closing.  The sale and purchase of the Series 2008-B Notes shall take place at the offices of Chapman and Cutler LLP, 111 West Monroe, Chicago, IL 60603 at 10:00 a.m. Chicago time, at a closing (the “Series 2008-B Closing”) on November 30, 2010.  At the Series 2008-B Closing, the Company will deliver to each Series 2008-B Purchaser the Series 2008-B Notes of the tranche to be purchased by such Series 2008-B Purchaser in the form of a single Series 2008-B Note (or such greater number of Series 2008-B Notes in denominations of at least $500,000 as such Series 2008-B Purchaser may request) dated the date of the Series 2008-B Closing and registered in its name (or in the name of its nominee), against delivery by such Series 2008-B Purchaser to the Company or its order of immediately available funds for the Company’s account to account number 8188-9-00150 at Bank of America, 100 West 33rd Street, New York, New York 10001, ABA #026009593.  If at the Series 2008-B Closing the Company shall fail to tender such Series 2008-B Notes to any Series 2008-B Purchaser as provided above in this Section C, or any of the conditions specified in Section 4 of the Agreement, as modified or expanded by Section D hereof, shall not have been fulfilled to such Series 2008-B Purchaser’s satisfaction, such Series 2008-B Purchaser shall, at its election, be relieved of all further obligations under the Agreement and this Supplemental Note Purchase Agreement, without thereby waiving any rights it may have by reason of such failure or such nonfulfillment. 

 

D.Conditions to Series 2008-B Closing.  The obligation of each Series 2008-B Purchaser to purchase and pay for the Series 2008-B Notes to be purchased by such Series 2008-B Purchaser hereunder at the Series 2008-B Closing is subject to the fulfillment to its satisfaction, prior to or at the Series 2008-B Closing, of the conditions set forth in Section 4 of the Agreement, (i) except that all references therein to any “Purchaser” shall be deemed to refer to the Series 2008-B Purchasers, all references therein to “this Agreement” shall be deemed to refer to the Agreement as supplemented by this Supplemental Note Purchase Agreement, all references therein to the Series 2008-A Notes shall be deemed to refer to the Series 2008-B Notes and all references therein to the Closing shall be deemed to refer to the Series 2008-B Closing and (ii) except for such changes to such conditions as are set forth in Exhibit B.

 

E.Prepayments.  The Series 2008-B Notes are not subject to mandatory prepayment by the Company.  The Series 2008-B Notes shall be subject to prepayment only pursuant to the optional prepayments permitted by Section 8.2 of the Agreement. 

 

F. Representations and Warranties of the Company.  The Company represents and warrants to each Series 2008-B Purchaser that each of the representations and warranties set forth in Section 5 of the Agreement is true and correct as of the date hereof (i) except that all references therein to any “Purchaser” and “you” shall be deemed to refer to the Series 2008-B Purchasers, all references therein to “this Agreement” shall be deemed to refer to the Agreement as supplemented by this Supplemental Note Purchase Agreement, all references therein to “Notes” shall be deemed to include the Series 2008-B Notes, all references therein to the Series 2008-A Notes shall be deemed to refer to the Series 2008-B Notes and all references therein to the Closing shall be deemed to refer to the Series 2008-B Closing and (ii) except for changes to such representations and warranties or the Schedules referred to therein, which changes are set forth in the attached Exhibit C (with the Section references thereinafter set forth corresponding to the similar sections of the Note Purchase Agreement which are supplemented thereby).

 

  

- 2 -

  

 

G.Purchaser Representations and Warranties. Each Series 2008-B Purchaser represents and warrants that the representations and warranties set forth in Section 6 of the Agreement are true and correct on the date hereof as to such Series 2008-B Purchaser except that all references to “Purchaser” therein shall be deemed to refer to the Series 2008-B Purchasers, all references to “Notes” therein shall be deemed to include the Series 2008-B Notes and all references to the Series 2008-A Notes shall be deemed to refer to the Series 2008-B Notes.

 

H.Series 2008-B Notes Issued under and Pursuant to Agreement.  Except as otherwise expressly provided above (and expressly permitted by the Agreement), all of the provisions of the Agreement are incorporated by reference herein and shall apply to the Series 2008-B Notes as if expressly set forth in this Supplemental Note Purchase Agreement.   Accordingly, the Series 2008-B Notes shall be deemed to be issued under, to be subject to and to have the benefit of all of the terms and provisions of the Agreement as the same may from time to time be amended and supplemented in the manner provided therein. 

 

 

 

(Remainder of page intentionally left blank)

 

  

- 3 -

  

 

The execution hereof by the Series 2008-B Purchasers shall constitute a contract among the Company and the Series 2008-B Purchasers for the uses and purposes hereinabove set forth.  By their acceptance hereof, each of the Series 2008-B Purchasers shall also be deemed to have accepted and agreed to the terms and provisions of the Agreement (except as expressly provided above and expressly permitted by the Agreement).

	  	
AptarGroup, Inc.

	  	  
	  	  
	  	  
	  	
By

	
/s/ Robert W. Kuhn

	  	  	
Robert W. Kuhn

	  	  	
Executive Vice President and Chief

Financial Officer

 

Accepted as of November 30, 2010

 

  

- 4 -

  

 

Accepted as of November 30, 2010

 

 

	  	
Metropolitan Life Insurance Company

	  	  
	  	  
	  	
MetLife Investors Insurance Company

by Metropolitan Life Insurance Company, its

Investment Manager

	  	  
	  	  
	  	
First MetLife Investors Insurance Company

by Metropolitan Life Insurance Company, its

Investment Manager

	  	  
	  	  
	  	
By

	
/s/ Judith A. Gulotta

	  	
Name: 

	
Judith A. Gulotta

	  	
Title:  

	
Managing Director

 

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Accepted as of November 30, 2010

 

 

	  	
The Northwestern Mutual Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
/s/ David A. Barras

	  	
Name: 

	
David A. Barras

	  	
Title:  

	
Its Authorized Representative

 

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Accepted as of November 30, 2010

 

	  	
AXA Equitable Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
/s/ Amy Judd

	  	
Name: 

	
Amy Judd

	  	
Title:  

	
Investment Officer

	  	  
	  	  
	  	
MONY Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
/s/ Amy Judd

	  	
Name: 

	
Amy Judd

	  	
Title:  

	
Investment Officer

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Accepted as of November 30, 2010

	  	
Modern Woodmen of America

	  	  
	  	  
	  	  
	  	
By

	
/s/ W. Kenny Massey

	  	
Name: 

	
W. Kenny Massey

	  	
Title:  

	
President & CEO

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Accepted as of November 30, 2010

 

	  	
World Insurance Company

Occidental Life Insurance Company of North Carolina

MTL Insurance Company

Industrial Alliance Pacific Insurance and Financial Services, Inc.

Trustmark Insurance Company

American Amicable Life Insurance Company of Texas

	  	  
	  	
By:

	
Advantus Capital Management, Inc.

	  	  
	  	
By

	
/s/ James W. Tobin

	  	
Name: 

	
James W. Tobin

	  	
Title:  

	
Vice President

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Accepted as of November 30, 2010

	  	
American United Life Insurance Company

	  	  
	  	  
	  	  
	  	
By

	
/s/ John C. Mason

	  	
Name: 

	
John C. Mason

	  	
Title:  

	
V.P. Fixed Income Securities

	  	  
	  	  
	  	
The State Life Insurance Company

	  	  
	  	  
	  	
By:

	
American United Life Insurance Company

	  	
Its:

	
Agent

	  	  
	  	  
	  	  
	  	
By

	
/s/ John C. Mason

	  	
Name: 

	
John C. Mason

	  	
Title:  

	
V.P. Fixed Income Securities

 

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Exhibit B

 

	
1.

	
In the second sentence of Section 4.2 of the Note Purchase Agreement, “March 31, 2008” shall be replaced with “September 30, 2010.”

	 	 
	
2.

	
In Section 4.6 of the Note Purchase Agreement, “Schedule A” shall be replaced with “the Supplemental Purchaser Schedule attached hereto.”

 

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

 

  

  

  

 

Exhibit C

	
1.

	
The first sentence of Section 5.3 of the Note Purchase Agreement shall be replaced with the following:

 

The Company, through its agent, J.P. Morgan Securities LLC, has delivered to each Purchaser a copy of a Private Placement Offering Memorandum dated October 21, 2010 (the “Memorandum”), relating to the transactions contemplated hereby.

	
2.

	
In the fourth sentence of Section 5.3 of the Note Purchase Agreement, “December 31, 2007” shall be replaced with “December 31, 2009.” 

	 	 
	
3.

	
The disclosure set forth in Schedule 5.4 to the Note Purchase Agreement shall be replaced with the disclosure set forth in the attached Schedule 5.4.

	 	 
	
4.

	
The disclosure set forth in Schedule 5.5 to the Note Purchase Agreement shall be replaced with the disclosure set forth in the attached Schedule 5.5.

	 	 
	
5.

	
The first sentence of Section 5.13 of the Note Purchase Agreement, shall be replaced with the following:

 

Neither the Company nor anyone acting on its behalf has offered the Series 2008-B Notes or any similar securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any Person other than the Purchasers and not more than 30 other Institutional Investors (excluding Affiliates of the Purchasers), each of which has been offered the Series 2008-B Notes at a private sale for investment.

 

	
6.

	
In the first sentence of Section 5.15(a) of the Note Purchase Agreement, “June 30, 2008” shall be replaced with “September 30, 2010.” 

	 	 
	
7.

	
The disclosure set forth in Schedule 5.15 to the Note Purchase Agreement shall be replaced with the disclosure set forth in the attached Schedule 5.15.

 

 

Supplemental Note Purchase Agreement

     AptarGroup, Inc.

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