Document:

thirdsuppindenture.htm

    Exhibit
4.8

    THIRD SUPPLEMENTAL
INDENTURE

    

    By and
Among

    

    PRESTIGE
BRANDS, INC.,

    U.S.
BANK NATIONAL ASSOCIATION, AS TRUSTEE,

    AND

    PRESTIGE
SERVICES CORP.

    

    

    

    

    

    Dated as
of

    February
22, 2008

    

    A
SUPPLEMENT TO THE INDENTURE

    Dated as
of April 6, 2004

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    THIRD SUPPLEMENTAL
INDENTURE

     

    THIS THIRD SUPPLEMENTAL
INDENTURE (the “Third Supplement”) is dated as of February 22, 2008, and
made and entered into by and among PRESTIGE BRANDS, INC., a
Delaware corporation (the “Company”), U.S. BANK NATIONAL
ASSOCIATION, a national banking association, as trustee (the “Trustee”),
and PRESTIGE SERVICES
CORP., a Delaware corporation (“Prestige Services”).  Prestige
Services has executed this Third Supplement for the purposes set forth in Section 1.1
hereof.  This Third Supplement supplements and amends the Indenture,
dated as of April 6, 2004 (the “Indenture”), by and among the Company, the
Trustee and the Guarantors that are parties thereto, as supplemented and amended
by the Supplemental Indenture, dated as of October 6, 2004 (the “First
Supplement”), by and among the Company, the Trustee and Vetco, Inc., a New York
corporation, and the Second Supplemental Indenture, dated as of December 19,
2006 (the “Second Supplement”), by and among, the Company, the Trustee, Prestige
Brands Holdings, Inc., a Delaware corporation, Dental Concepts LLC, a Delaware
limited liability company, and Prestige International Holdings, LLC, a Delaware
limited liability company, which provided for the issuance of the Company’s 91⁄4%
Senior Subordinated Notes Due 2012 (the “Notes”).  As used herein, the
term “Existing Indenture” shall mean the Indenture, as supplemented and amended
by the First Supplement and the Second Supplement, and the term “Amended
Indenture” shall mean the Indenture, as supplemented and amended by the First
Supplement, the Second Supplement and this Third Supplement and as otherwise
supplemented and amended from time to time.  Except where specified
herein, all capitalized terms not defined herein shall have the meanings
ascribed to them in the Amended Indenture.  References in this Third
Supplement to the exhibits to and the specific sections and articles of the
Existing Indenture shall refer to the exhibits to and the numbered sections and
articles of the Indenture, as supplemented and amended by the First Supplement
and the Second Supplement, and references in this Third Supplement to the
exhibits to and the specific sections and articles of the Amended Indenture
shall refer to the exhibits to and the numbered sections and articles of the
Indenture, as supplemented and amended by the First Supplement, the Second
Supplement and this Third Supplement and as otherwise supplemented and amended
from time to time.

     

    W
I T N E S S E T H :

     

    WHEREAS, Section 9.01 of the
Existing Indenture provides, among other things, that the Company and the
Trustee may amend or supplement the Existing Indenture to add additional
Guarantees or additional obligors with respect to the Notes; and

     

    WHEREAS, Prestige Services, a
newly incorporated wholly-owned indirect subsidiary of the Company has agreed to
become a Guarantor of the Notes.

     

    NOW, THEREFORE, in
consideration of the premises herein, the Company covenants and agrees with the
Trustee, for the equal and proportionate benefit of the respective Holders from
time to time, as follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
I

    SUPPLEMENTS
AND AMENDMENTS

     

    Section
1.1 Guarantee.  Prestige
Services (which is also referred to herein as the “Additional Guarantor”) hereby
executes this Third Supplement for the purpose of providing a Guarantee of the
Notes and agrees as follows:

     

    (a)           Subject
to this Section
1.1, the Additional Guarantor hereby unconditionally guarantees to each
Holder of a Note authenticated and delivered by the Trustee and to the Trustee
and its successors and assigns: (i) the due and punctual payment of the
principal of, premium, if any, and interest on the Notes, subject to any
applicable grace period, whether at Stated Maturity, by acceleration, redemption
or otherwise, the due and punctual payment of interest on the overdue principal
of and premium, if any, and, to the extent permitted by law, interest, and the
due and punctual performance of all other obligations of the Company to the
Holders or the Trustee under the Amended Indenture, the Registration Rights
Agreement or any other agreement with or for the benefit of the Holders or the
Trustee, all in accordance with the terms hereof and thereof; and (ii) in case
of any extension of time of payment or renewal of any Notes or any of such other
obligations, that the same shall be promptly paid in full when due or performed
in accordance with the terms of the extension or renewal, whether at Stated
Maturity, by acceleration pursuant to Section 6.02 of the Amended Indenture,
redemption or otherwise. Failing payment when due of any amount so guaranteed or
any performance so guaranteed for whatever reason, the Additional Guarantor
shall be jointly and severally obligated with all other Guarantors to pay the
same immediately.  The Additional Guarantor agrees that this is a
guarantee of payment and not a guarantee of collection.  The
Additional Guarantor hereby agrees that its obligations with regard to its
Guarantee shall be joint and several with all other Guarantors, unconditional,
irrespective of the validity or enforceability of the Notes or the obligations
of the Company under the Amended Indenture, the absence of any action to enforce
the same, the recovery of any judgment against the Company or any other obligor
with respect to the Amended Indenture, the Notes or the Obligations of the
Company under the Amended Indenture or the Notes, any action to enforce the same
or any other circumstances (other than complete performance) which might
otherwise constitute a legal or equitable discharge or defense of the Additional
Guarantor. The Additional Guarantor further, to the extent permitted by law,
waives and relinquishes all claims, rights and remedies accorded by applicable
law to guarantors and agrees not to assert or take advantage of any such claims,
rights or remedies, including but not limited to:

     

    (i)           any
right to require any of the Trustee, the Holders or the Company (each a
“Benefited Party”), as a condition of payment or performance by such Additional
Guarantor, to (1) proceed against the Company, any other guarantor (including
any other Guarantor) of the Obligations under the Guarantees or any other
Person, (2) proceed against or exhaust any security held from the Company, any
such other guarantor or any other Person, (3) proceed 

     

    
      
        
        

      

      
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          	against or have
      resort to any balance of any deposit account or credit on the books of any
      Benefited Party in favor of the Company or any other Person, or (4) pursue
      any other remedy in the power of any Benefited Party whatsoever;	 

        

         

      

    

    (ii)           any
defense arising by reason of the incapacity, lack of authority or any disability
or other defense of the Company including any defense based on or arising out of
the lack of validity or the unenforceability of the Obligations under the
Guarantees or any agreement or instrument relating thereto or by reason of the
cessation of the liability of the Company from any cause other than payment in
full of the Obligations under the Guarantees;

     

    (iii)           any
defense based upon any statute or rule of law which provides that the obligation
of a surety must be neither larger in amount nor in other respects more
burdensome than that of the principal;

     

    (iv)           any
defense based upon any Benefited Party’s errors or omissions in the
administration of the Obligations under the Guarantees, except behavior which
amounts to bad faith;

     

    (v)(1)       any
principles or provisions of law, statutory or otherwise, which are or might be
in conflict with the terms of the Guarantees and any legal or equitable
discharge of such Additional Guarantor’s obligations hereunder, (2) the benefit
of any statute of limitations affecting such Additional Guarantor’s liability
hereunder or the enforcement hereof, (3) any rights to set-offs, recoupments and
counterclaims and (4) promptness, diligence and any requirement that any
Benefited Party protect, secure, perfect or insure any security interest or lien
or any property subject thereto;

     

    (vi)           notices,
demands, presentations, protests, notices of protest, notices of dishonor and
notices of any action or inaction, including acceptance of the Guarantees,
notices of Default under the Notes or any agreement or instrument related
thereto, notices of any renewal, extension or modification of the Obligations
under the Guarantees or any agreement related thereto, and notices of any
extension of credit to the Company and any right to consent to any
thereof;

     

    (vii)          to
the extent permitted under applicable law, the benefits of any “One Action”
rule; and

     

    (viii)         any
defenses or benefits that may be derived from or afforded by law which limit the
liability of or exonerate guarantors or sureties, or which may conflict with the
terms of the Guarantees. Except to the extent expressly provided in this Third
Supplement and the Amended Indenture, including Sections 8.02, 8.03 and 10.05 of
the Amended Indenture and Section 1.1(f)
hereof, the Additional Guarantor hereby covenants that its Guarantee shall not
be discharged except by complete performance of the obligations contained in its
Guarantee, this Third Supplement and the Amended Indenture.

     

    
      
        
        

      

      
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    If any
Holder or the Trustee is required by any court or otherwise to return to the
Company, the Guarantors or any custodian, trustee, liquidator or other similar
official acting in relation to either the Company or the Guarantors, any amount
paid to either the Trustee or such Holder, the Additional Guarantor’s Guarantee,
to the extent theretofore discharged, shall be reinstated in full force and
effect.  The Additional Guarantor agrees that it shall not be entitled
to any right of subrogation in relation to the Holders in respect of any
obligations guaranteed hereby until payment in full of all obligations
guaranteed hereby. The Additional Guarantor further agrees that, as between the
Guarantors, on the one hand, and the Holders and the Trustee, on the other hand,
(x) the maturity of the obligations guaranteed hereby may be accelerated as
provided in Section 6.02 of the Amended Indenture for the purposes of this
Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the obligations guaranteed hereby and (y) in the
event of any declaration of acceleration of such obligations as provided in
Section 6.02 of the Amended Indenture, such obligations (whether or not due and
payable) shall forthwith become due and payable by the Guarantors for the
purpose of the Guarantees. The Additional Guarantor shall have the right to seek
contribution from any non-paying Guarantor so long as the exercise of such right
does not impair the rights of the Holders under the Guarantees. The other
Guarantors’ shares of such contribution payment will be computed based on the
proportion that the net worth of the relevant Guarantor represents relative to
the aggregate net worth of all of the Guarantors combined.

     

    (b)           The
Additional Guarantor, and by its acceptance of Notes, each Holder, hereby
confirms that it is the intention of all such parties that the Guarantee of such
Additional Guarantor not constitute a fraudulent transfer or conveyance for
purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform
Fraudulent Transfer Act or any similar federal or state law to the extent
applicable to any guarantee. To effectuate the foregoing intention, the Trustee,
the Holders and the Additional Guarantor hereby irrevocably agree that the
Additional Guarantor’s liability shall be that amount from time to time equal to
the aggregate liability of such Additional Guarantor under its Guarantee, but
shall be limited to the lesser of (i) the aggregate amount of the Company’s
obligations under the Notes and the Amended Indenture or (ii) the amount, if
any, which would not have (1) rendered the Additional Guarantor “insolvent” (as
such term is defined in Bankruptcy Law and in the Debtor and Creditor Law of the
State of New York) or (2) left it with unreasonably small capital at the time
its Guarantee with respect to the Notes was entered into, after giving effect to
the incurrence of existing Debt immediately before such time; provided, however, it shall
be a presumption in any lawsuit or proceeding in which the Additional Guarantor
is a party that the amount guaranteed pursuant to its Guarantee with respect to
the Notes is the amount described in clause (i) of this Section 1.1(b) unless
any creditor, or representative of creditors of the Additional Guarantor, or
debtor in possession or trustee in bankruptcy of the Additional Guarantor,
otherwise proves in a lawsuit that the aggregate liability of the 

     

    
      
        
        

      

      
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    Additional
Guarantor is limited to the amount described in clause (ii) of this Section
1.1(b).

     

    (c)           In
making any determination as to the solvency or sufficiency of capital of the
Additional Guarantor in accordance with Section 1.1(b) hereof
and this Section
1.1(c), the right of the Additional Guarantor to contribution from other
Guarantors and any other rights such Additional Guarantor may have, contractual
or otherwise, shall be taken into account.

     

    (d)           To
evidence its Guarantee set forth in Section 1.1(a)
hereof, the Additional Guarantor hereby agrees that a notation of such Guarantee
in substantially the form included in Exhibit E attached to the Amended
Indenture shall be endorsed by an Officer of such Additional Guarantor on each
Note authenticated and delivered by the Trustee and that this Third Supplement
shall be executed on behalf of such Additional Guarantor by its President, Chief
Financial Officer, Treasurer or one of its Vice Presidents.  The
Additional Guarantor hereby agrees that its Guarantee set forth in Section 1.1(a) hereof
shall remain in full force and effect notwithstanding any failure to endorse on
each Note a notation of such Guarantee.  If an Officer whose signature
is on this Third Supplement or on a Guarantee no longer holds that office at the
time the Trustee authenticates the Note on which such Guarantee is endorsed, the
Guarantee shall be valid nevertheless.  The delivery of any Note by
the Trustee, after the authentication thereof under the Amended Indenture, shall
constitute due delivery of the Guarantee set forth in this Third Supplement on
behalf of the Additional Guarantor.

     

    (e)           Except
as otherwise provided in Section 1.1(f)
hereof, the Additional Guarantor may not consolidate with or merge with or into
(whether or not such Additional Guarantor is the Surviving Person) another
Person whether or not affiliated with such Additional Guarantor
unless:

     

    (i)           subject
to Section
1.1(f) hereof, the Person formed by or surviving any such consolidation
or merger (if other than a Guarantor or the Company) unconditionally assumes all
the obligations of such Additional Guarantor, pursuant to a supplemental
indenture in form and substance reasonably satisfactory to the Trustee, under
the Amended Indenture, its Guarantee and any Registration Rights Agreements on
the terms set forth herein or therein; and

     

    (ii)           the
Additional Guarantor complies with the requirements of Article 5 of the Amended
Indenture.

     

     

    In case
of any such consolidation, merger, sale or conveyance and upon the assumption by
the successor Person, by supplemental indenture, executed and delivered to the
Trustee and satisfactory in form to the Trustee, of such Additional Guarantor’s
Guarantee endorsed upon the Notes and the due and punctual performance of all of
the covenants and conditions of the Amended Indenture to 

     

    
      
        
        

      

      
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    be
performed by the Additional Guarantor, such successor Person shall succeed to
and be substituted for the Additional Guarantor with the same effect as if it
had been named in the Amended Indenture as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Guarantees to be endorsed
upon all of the Notes issuable under the Amended Indenture which theretofore
shall not have been signed by the Company and delivered to the Trustee. All the
Guarantees so issued shall in all respects have the same legal rank and benefit
under the Amended Indenture as the Guarantees theretofore and thereafter issued
in accordance with the terms of the Amended Indenture as though all of such
Guarantees had been issued at the date of the execution of the
Indenture.  Except as set forth in Articles 4 and 5 of the Amended
Indenture, and notwithstanding clauses (i) and (ii) of this Section 1.1(e),
nothing contained in the Amended Indenture or in any of the Notes shall prevent
any consolidation or merger of the Additional Guarantor with or into the Company
or another Guarantor, or shall prevent any sale or conveyance of the property of
the Additional Guarantor as an entirety or substantially as an entirety to the
Company or another Guarantor.

     

    (f)           In
the event of a sale or other disposition of all or substantially all of the
assets of the Additional Guarantor, by way of merger, consolidation or
otherwise, or a sale or other disposition of all of the Capital Stock of the
Additional Guarantor, in each case to a Person that is not (either before or
after giving effect to such transactions) a Subsidiary of the Parent, then such
Additional Guarantor (in the event of a sale or other disposition, by way of
merger, consolidation or otherwise, of all of the Capital Stock of such
Additional Guarantor) or the corporation acquiring the property (in the event of
a sale or other disposition of all or substantially all of the assets of such
Additional Guarantor) shall be released and relieved of any obligations under
its Guarantee; provided that the net proceeds of such sale or other disposition
shall be applied in accordance with the applicable provisions of the Amended
Indenture, including without limitation Section 4.12 of the Amended Indenture.
If a Restricted Subsidiary is designated as an Unrestricted Subsidiary in
accordance with the provisions of Section 4.17 of the Amended Indenture, such
Subsidiary shall be released and relieved of any obligations under its
Guarantee. Upon delivery by the Company to the Trustee of an Officers’
Certificate and an Opinion of Counsel to the effect that such sale or other
disposition was made by the Company or the Parent in accordance with the
provisions of the Amended Indenture, including without limitation Section 4.12
of the Amended Indenture, the Trustee shall execute any documents reasonably
required in order to evidence the release of the Additional Guarantor from its
obligations under its Guarantee.  Until released from its obligations
under its Guarantee, the Additional Guarantor shall remain liable for the full
amount of principal of and interest on the Notes and for the other obligations
of any Guarantor under the Amended Indenture as provided in Article 10 of the
Amended Indenture and this Section
1.1.

     

    The
Additional Guarantor shall constitute a Guarantor for purposes of the Amended
Indenture, and the terms of this Section 1.1 shall, as
to the Additional Guarantor, constitute its Guarantee for purposes of the
Amended Indenture.  Notwithstanding the 

     

    
      
        
        

      

      
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    foregoing
terms of this Section
1.1, the Additional Guarantor intends by its execution of this Third
Supplement to provide its Guarantee on the same terms and conditions as the
Guarantees of the other Guarantors under the Amended Indenture and agrees that
this Section
1.1 shall be construed and enforced in a manner consistent with such
intention.

     

    ARTICLE
II

    MISCELLANEOUS
PROVISIONS

     

    Section
2.1 Execution as Supplemental
Indenture.  This Third Supplement is executed and shall be
construed as an indenture supplement to the Existing Indenture.

     

    Section
2.2 Successors.  This
Third Supplement shall be binding upon and inure to the benefit of the parties
hereto, their respective successors and assigns.

     

    Section
2.3 Ratification.  Except
as expressly provided herein, all of the terms and provisions of the Existing
Indenture are and shall remain in full force and effect.

     

    Section
2.4 Governing
Law.  This Third Supplement shall be deemed to be a contract
made under the laws of the State of New York and for all purposes shall be
construed in accordance with the laws of said State.

     

    Section
2.5 Counterparts;
Construction.  This Third Supplement may be executed in any
number of counterparts, each of which shall be an original, but such
counterparts together shall constitute one and the same
instrument.  As used herein, words in the singular include the plural
and words in the plural include the singular.

     

    Section
2.6 The
Trustee.  The Trustee accepts the supplements and amendments to
the Existing Indenture effected by this Third Supplement.

     

    

     

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

     

    
      
        	 	PRESTIGE BRANDS,
      INC.	 
	 	 	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/
      Peter J. Anderson	 
	 	Name:
      Peter J. Anderson	 
	 	Title:
      Treasurer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	U.S.
      BANK NATIONAL ASSOCIATION,
      AS TRUSTEE	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/
      Raymond S. Haverstock	 
	 	Name:
      Raymond S. Haverstock	 
	 	Title:
      Vice President	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	PRESTIGE SERVICES
      CORP.	 
	 	 	 	 
	 	 	 	 
	 	By: 	/s/
      Peter J. Anderson 	 
	 	Name:
      Peter J. Anderson	 
	 	Title:
      Chief Financial Officer and Treasurer	 

      

    

     

     

    8fourthsuppindenture.htm

    Exhibit 4.9

    

    FOURTH SUPPLEMENTAL
INDENTURE

    

    By and
Among

    

    PRESTIGE
BRANDS, INC., as Issuer

    

    THE
GUARANTORS PARTY HERETO

    

    AND

    

    U.S.
BANK NATIONAL ASSOCIATION, AS TRUSTEE,

    

    

    

    

    

    Dated as
of

    March 24,
2010

    

    A
SUPPLEMENT TO THE INDENTURE

    Dated as
of April 6, 2004

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    FOURTH SUPPLEMENTAL
INDENTURE

     

    THIS FOURTH SUPPLEMENTAL
INDENTURE (the “Fourth Supplement”) is dated as of March 24, 2010, and
made and entered into by and among PRESTIGE BRANDS, INC., a
Delaware corporation (the “Company”), the Guarantors party hereto and U.S. BANK NATIONAL
ASSOCIATION, a national banking association, as trustee (the “Trustee”).
This Fourth Supplement supplements and amends the Indenture, dated as of April
6, 2004 (the “Indenture”), by and among the Company, the Trustee and the
Guarantors that are parties thereto, as supplemented and amended by the
Supplemental Indenture, dated as of October 6, 2004 (the “First Supplement”),
the Second Supplemental Indenture dated as of December 19, 2006 (the “Second
Supplement”) and the Third Supplemental Indenture dated as of February 22, 2008
(the “Third Supplement”), which provided for the issuance of the Company’s 91⁄4%
Senior Subordinated Notes Due 2012 (the “Notes”). As used herein, the term
“Existing Indenture” shall mean the Indenture, as supplemented and amended by
the First Supplement, the Second Supplement and the Third Supplement, and the
term “Amended Indenture” shall mean the Indenture, as supplemented and amended
by the First Supplement, the Second Supplement, the Third Supplement and this
Fourth Supplement and as otherwise supplemented and amended from time to time.
Except where specified herein, all capitalized terms not defined herein shall
have the meanings ascribed to them in the Amended Indenture. References in this
Fourth Supplement to the exhibits to and the specific sections and articles of
the Existing Indenture shall refer to the exhibits to and the numbered sections
and articles of the Indenture, as supplemented and amended by the First
Supplement, the Second Supplement, and the Third Supplement and references in
this Fourth Supplement to the exhibits to and the specific sections and articles
of the Amended Indenture shall refer to the exhibits to and the numbered
sections and articles of the Indenture, as supplemented and amended by the First
Supplement, the Second Supplement, the Third Supplement, this Fourth Supplement
and as otherwise supplemented and amended from time to time.

     

    W
I T N E S S E T H :

     

    WHEREAS, the Company has
offered to purchase any and all of the Notes (the “Offer”) and has solicited
consents (the “Solicitation”) to certain amendments to the Existing Indenture
pursuant to the Company’s Offer to Purchase and Consent Solicitation Statement
dated March 10, 2010; and

     

    WHEREAS, Section 9.02 of the
Existing Indenture provides that the Company, when authorized by a Board
Resolution, and the Trustee may amend or supplement the Existing Indenture with
the consent of the Holders of at least a majority in aggregate principal amount
of the Notes;

     

    WHEREAS, in accordance with
Section 9.02 of the Existing Indenture, the Company has obtained the consent to
the proposed amendments to the Existing Indenture from the Holders of at least a
majority in the aggregate principal amount of the Notes; and

     

    WHEREAS, the Company is
authorized to enter into this Fourth Supplement by a Board Resolution and the
Trustee has received an Opinion of Counsel and an Officer’s Certificate stating
that the execution of this Fourth Supplement is permitted by the Existing
Indenture and otherwise satisfying the requirements of Section 9.06 of the
Indenture;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    NOW, THEREFORE, in
consideration of the premises herein, it is mutually covenanted and agreed, for
the equal and proportionate benefit of the respective Holders from time to time,
as follows:

     

    ARTICLE
I

    SUPPLEMENTS
AND AMENDMENTS

     

    At such
time as the Company delivers written notice to the Trustee and The Depository
Trust Company, in its capacity as the depository for the Notes with respect to
the Offer that the Notes representing at least a majority in the aggregate
principal amount of the Notes have been validly tendered and not validly
withdrawn pursuant to the Offer and accepted for purchase:

    

    Section
1.1    Amendment to Definition of
Asset Sale.  The definition of “Asset Sale” in Section 1.01 of
the Existing Indenture shall be amended by deleting the text of such definition
in its entirety and replacing it with the following text:

    

    “‘Asset Sale’ means any sale,
lease, transfer, issuance or other disposition (or series of related sales,
leases, transfers, issuances or dispositions) by the Parent, the Company or any
of their respective Restricted Subsidiaries, including any disposition by means
of a merger, consolidation or similar transaction (each referred to for the
purposes of this definition as a “disposition”), of

     

    (a)           any
shares of Capital Stock of a Restricted Subsidiary (other than directors’
qualifying shares), or

     

    (b)           any
other Property of the Parent or any Restricted Subsidiary outside of the
ordinary course of business of the Parent or such Restricted
Subsidiary,

     

    other
than, in the case of clause (a) or (b) above,

     

    (1)       
any disposition by a Restricted Subsidiary to the Parent or by the Parent or a
Restricted Subsidiary to a Wholly-Owned Restricted Subsidiary;

     

    (2)      
any disposition that constitutes a Permitted Investment or Restricted Payment
permitted by Section 4.10 as such Section was in effect immediately prior to the
effective date of the amendments described herein;

     

    (3)      
any disposition effected in compliance with Section 5.01(a) as such Section was
in effect immediately prior to the effective date of the amendments described
herein;

     

    (4)      
any disposition in a single transaction or a series of related transactions of
Property for aggregate consideration of less than
$1.0 million;

     

    (5)      
the disposition of cash or Cash Equivalents;

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    (6)      
the disposition of accounts receivable and related assets (including contract
rights) to a Securitization Subsidiary in connection with a Permitted
Receivables Financing;

     

    (7)      
any foreclosure upon any assets of the Parent, the Company or any of their
respective Restricted Subsidiaries in connection with the exercise of remedies
by a secured lender pursuant to the terms of Debt otherwise permitted to be
incurred under this Indenture; and

     

    (8)      
the sale of the Capital Stock, Debt or other securities of an Unrestricted
Subsidiary.”

     

    Section
1.2    Amendment to Definition of
Debt.  The definition of “Debt” in Section 1.01 of the Existing
Indenture shall be amended by deleting the final paragraph of such definition in
its entirety and replacing it with the following:

    

    “The amount of Debt of any
Person at any date shall be the outstanding balance, or the accreted value of
such Debt in the case of Debt issued with original issue discount, at such date
of all unconditional obligations as described above and the maximum liability,
upon the occurrence of the contingency giving rise to the obligation, of any
contingent obligations at such date. The amount of Debt represented by a Hedging
Obligation shall be equal to:

    

    (1)           zero
if such Hedging Obligation is:

     

    (A)           Debt
of the Parent or any Restricted Subsidiary under Interest Rate Agreements
entered into for the purpose of fixing, hedging or swapping interest rate risk
in the ordinary course of the financial management of the Parent or such
Restricted Subsidiary and not for speculative purposes;

    

    (B)           Debt
of the Parent or any Restricted Subsidiary under Currency Exchange Protection
Agreements entered into for the purpose of fixing, hedging or swapping currency
exchange rate risks directly related to transactions entered into by the Parent
or such Restricted Subsidiary in the ordinary course of business and not for
speculative purposes; or.

    

    (C)           Debt
of the Parent or any Restricted Subsidiary under Commodity Price Protection
Agreements entered into in the ordinary course of the financial management of
the Parent or such Restricted Subsidiary and not for speculative purposes;
or

    

    (2)           the
notional amount of such Hedging Obligation if not Incurred pursuant to the
foregoing clause (1).”

     

    Section
1.3    Amendment to Section
3.01.  Section 3.01 of the Existing Indenture shall be amended
by deleting the text in its entirety and replacing with the following
text:

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    “Section
3.01.         Notices to
Trustee.

    

    If the
Company elects to redeem Notes pursuant to the optional redemption provisions of
Section 3.07 hereof, it shall furnish to the Trustee, at least 3 Business Days
but not more than 60 days before a redemption date (or such shorter period
as allowed by the Trustee), an Officers’ Certificate setting forth (a) the
applicable section of this Indenture pursuant to which the redemption shall
occur, (b) the redemption date, (c) the principal amount of Notes to be redeemed
and (d) the redemption price.”

     

    Section
1.4      Amendment to Section
3.03.  Section 3.03 of the Existing Indenture shall be amended
by deleting the first paragraph of Section 3.03 of the Existing Indenture in its
entirety and replacing it with the following text:

    

    “At least
3 Business Days but not more than 60 days prior to a redemption date,
the Company shall mail or cause to be mailed, by first class mail, a notice of
redemption to each Holder whose Notes are to be redeemed at such Holder’s
registered address appearing in the Security Register.”

     

    Section
1.5     Amendment to Section
4.03  Section 4.03 of the Existing Indenture shall be amended
by deleting the text in its entirety and replacing with the following
text:

    

    “Section
4.03.        Reports.

    

    Prestige
Brands Holdings, Inc. will comply with the provisions of TIA Section
314(a).”

    

    Section
1.6     Amendment to Section
4.04.  Section 4.04 of the Existing Indenture shall be amended
by deleting the text in its entirety and replacing with the following
text:

    

    “Section
4.04.        Compliance
Certificate.

    

    (a)           The
Company shall deliver to the Trustee not less often than annually, an Officer’s
Certificate stating that as to each such Officer’s knowledge, the Company has
complied with, and is not in default in the performance of observance of, the
conditions and covenants under this Indenture (or, if a Default or Event of
Default shall have occurred, describing all such Defaults or Events of Default
of which he or she may have knowledge and what action the Company is taking or
proposes to take with respect thereto).

    

    (b)           The
Company shall deliver to the Trustee, within 30 days after the occurrence
thereof, written notice in the form of an Officers’ Certificate of any event
that with the giving of notice and/or the lapse of time would become an Event of
Default, its status and what action the Company is taking or proposes to take
with respect thereto.”

    

    Section
1.7      Amendment to Section
4.12.  Section 4.12 of the Existing Indenture shall be amended
by deleting the text in its entirety and replacing with the following
text:

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    “Section
4.12.       Asset
Sales.

     

    (a)           The
Net Available Cash (or any portion thereof) from Asset Sales may be applied by
the Parent, the Company or a Restricted Subsidiary, to the extent the Parent,
the Company or such Restricted Subsidiary elects (or is required by the terms of
any Debt):

    

    (i)           to
Repay Senior Debt of the Company or any Restricted Subsidiary (excluding, in any
such case, any Debt owed to the Parent, the Company or an Affiliate of the
Parent or the Company); or

    

    (ii)           to
reinvest in Additional Assets (including by means of an Investment in Additional
Assets by a Restricted Subsidiary with Net Available Cash received by the
Parent, the Company or Restricted Subsidiary).

    

    (b)           Pending
the final application of any such Net Available Cash, the Company may
temporarily reduce revolving credit borrowings or otherwise invest such Net
Available Cash in any manner that is not prohibited by this
Indenture.

    

    (c)           Any
Net Available Cash from an Asset Sale not applied in accordance with the
preceding paragraph within 365 days from the date of the receipt of such
Net Available Cash or that is not segregated from the general funds of the
Company for investment in identified Additional Assets in respect of a project
that shall have been commenced, and for which binding contractual commitments
have been entered into, prior to the end of such 365-day period and that shall
not have been completed or abandoned shall constitute “Excess Proceeds;” provided, however, that the
amount of any Net Available Cash that ceases to be so segregated as contemplated
above and any Net Available Cash that is segregated in respect of a project that
is abandoned or completed shall also constitute “Excess Proceeds” at the time
any such Net Available Cash ceases to be so segregated or at the time the
relevant project is so abandoned or completed, as applicable; provided, further, however, that the
amount of any Net Available Cash that continues to be segregated for investment
in identified Additional Assets and that is not actually so invested within
twelve months from the date of the receipt of such Net Available Cash shall also
constitute “Excess Proceeds.”

    

    When the
aggregate amount of Excess Proceeds exceeds $10.0 million (taking into
account income earned on such Excess Proceeds, if any), the Company will be
required to make an offer to repurchase (the “Prepayment Offer”) the Notes
within five Business Days after the Company becomes obligated to do so, which
offer shall be in the amount of the Allocable Excess Proceeds (rounded to the
nearest $1,000), on a pro
rata basis according to principal amount, at a purchase price equal to
100% of the principal amount thereof, plus accrued and unpaid interest,
including Special Interest, if any, to the repurchase date (subject to the right
of holders of record on the relevant record date to receive interest due on the
relevant interest payment date), in accordance 

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

      
         

        
          	with the procedures
      (including prorating in the event of oversubscription) set forth in
      Section 3.09. To the extent that any portion of the amount of Net
      Available Cash remains after compliance with the preceding sentence and
      provided that all
      holders of Notes have been given the opportunity to tender their Notes for
      repurchase in accordance with this Indenture, the Parent, the Company or
      such Restricted Subsidiary may use such remaining amount for any purpose
      permitted by this Indenture, and the amount of Excess Proceeds will be
      reset to zero.	 

        

         

      

    

    The term
“Allocable Excess Proceeds” shall mean the product of:

     

    (a)           the
Excess Proceeds and

    

    (b)           a
fraction,

    

    (1)           the
numerator of which is the aggregate principal amount of the Notes outstanding on
the date of the Prepayment Offer, and

     

    (2)           the
denominator of which is the sum of the aggregate principal amount of the Notes
outstanding on the date of the Prepayment Offer and the aggregate principal
amount of other Debt of the Company outstanding on the date of the Prepayment
Offer that is pari
passu in right of payment with the Notes and subject to terms and
conditions in respect of Asset Sales similar in all material respects to this
Section 4.12 and requiring the Company to make an offer to repurchase such Debt
at substantially the same time as the Prepayment Offer.

     

    (d)           The
Company shall comply, to the extent applicable, with the requirements of Section
14(e) of the Exchange Act and any other securities laws or regulations in
connection with the repurchase of Notes pursuant to this Section 4.12. To the
extent that the provisions of any securities laws or regulations conflict with
provisions of this Section 4.12, the Company shall comply with the applicable
securities laws and regulations and will not be deemed to have breached its
obligations under this Section 4.12 by virtue thereof.”

    

    Section
1.8      Amendment to Section
4.17.  Section 4.17 of the Existing Indenture shall be amended
by deleting the text in its entirety and replacing with the following
text:

    

    “Section
4.17.      Designation of Restricted
and Unrestricted Subsidiaries.

     

    (a)           The
Board of Directors of the Company may designate any of its Subsidiaries to be an
Unrestricted Subsidiary if the Parent or a Restricted Subsidiary, as the case
may be, is permitted to make such Investment in such Subsidiary and such
Subsidiary:

    

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    (i)           does
not own any Capital Stock or Debt of, or own or hold any Lien on any Property
of, the Parent or any Restricted Subsidiary;

    

    (ii)           has
no Debt other than Non-Recourse Debt; provided, however, that the Parent or a
Restricted Subsidiary may loan, advance, extend credit to, or guarantee the Debt
of an Unrestricted Subsidiary at any time at or after such Subsidiary is
designated as an Unrestricted Subsidiary;

    

    (iii)           except
as would be permitted by Section 4.14 as such Section was in effect immediately
prior to the effective date of the amendments described herein, is not party to
any agreement, contract, arrangement or understanding with the Parent or any
Restricted Subsidiaries unless the terms of any such agreement, contract,
arrangement or understanding are no less favorable, taken as a whole, to the
Company or such Restricted Subsidiary than those that might be obtained at the
time from Persons who are not Affiliates of the Parent or the
Company;

    

    (iv)           is
a Person with respect to which neither the Parent nor any Restricted
Subsidiaries has any direct or indirect obligation (A) to subscribe for
additional Capital Stock or (B) to maintain or preserve such Person’s financial
condition or to cause such Person to achieve any specified levels of operating
results; and

    

    (v)           has
not Guaranteed or otherwise directly or indirectly provided credit support in
the form of Debt for any Debt of the Parent or its Restricted
Subsidiaries.

    

    (b)           Unless
so designated as an Unrestricted Subsidiary, any Person that becomes a
Subsidiary of the Parent will be classified as a Restricted Subsidiary; provided, however, that such Subsidiary
shall not be designated a Restricted Subsidiary and shall be automatically
classified as an Unrestricted Subsidiary if either of the requirements set forth
in subparagraphs (i) and (ii) of clause (d) below will not be satisfied after
giving pro forma effect to such classification or if such Person is a Subsidiary
of an Unrestricted Subsidiary.

    

    (c)           Except
as provided in the first sentence of clause (b), no Restricted Subsidiary may be
redesignated as an Unrestricted Subsidiary, and neither the Parent nor any
Restricted Subsidiary shall at any time be directly or indirectly liable for any
Debt that provides that the holder thereof may (with the passage of time or
notice or both) declare a default thereon or cause the payment thereof to be
accelerated or payable prior to its Stated Maturity upon the occurrence of a
default with respect to any Debt, Lien or other obligation of any Unrestricted
Subsidiary (including any right to take enforcement action against such
Unrestricted Subsidiary). 

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    
       

      
        	Upon
      designation of a Restricted Subsidiary as an Unrestricted Subsidiary in
      compliance with this Section 4.17, such Restricted Subsidiary shall, by
      execution and delivery of a supplemental indenture in form satisfactory to
      the Trustee, be released from any Guarantee previously made by such
      Restricted Subsidiary.	 

      

       

    

    (d)           The
Board of Directors of the Company may designate any Unrestricted Subsidiary to
be a Restricted Subsidiary if, immediately after giving pro forma effect to such
designation no Default or Event of Default shall have occurred and be continuing
or would result therefrom.

    

    Any such
designation or redesignation by the Board of Directors will be evidenced to the
Trustee by filing with the Trustee a Board Resolution giving effect to such
designation or redesignation and an Officers’ Certificate that:

     

               (i)           certifies
that such designation or redesignation complies with the foregoing provisions,
and

     

               (ii)          gives
the effective date of such designation or redesignation;

     

    such
filing with the Trustee to occur within 45 days after the end of the fiscal
quarter of the Company in which such designation or redesignation is made (or,
in the case of a designation or redesignation made during the last fiscal
quarter of the Company’s fiscal year, within 90 days after the end of such
fiscal year).”

     

    Section
1.9      Amendments to Certain Other
Covenants.  The following Sections of the Existing Indenture,
and any corresponding provision in the Notes, shall be deleted in their entirety
and replaced with “Intentionally Omitted,” and all references made thereto
throughout the Existing Indenture and the Notes shall be deleted in their
entirety:

    
    

     

    
      	 	(a)	Section
      4.05 	Taxes.
	 	(b) 	Section
      4.06 	Stay, Extension and
      Usury Laws.
	 	(c)	Section
      4.07	Corporate
      Existence.
	 	(d) 	Section
    4.09	Incurrence of
      Additional Debt.
	 	(e)	Section
    4.10	Restricted
      Payments.
	 	(f)	Section
      4.11 	Liens
	 	(g)	Section
    4.13	Restrictions on
      Distributions from Restricted Subsidiaries.
	 	(h)	Section
    4.14	Affiliate
      Transactions.
	 	(i)	Section
    4.15	Issuance or Sale of
      Capital Stock of Restricted Subsidiaries.
	 	(j)	Section
    4.16	Limitation on
      Layered Debt.
	 	(k)	Section
    5.01	Merger,
      Consolidation and Sale of Assets.

                   

    Section
1.10      Amendments to Events of
Default.  Clauses (c), (d), (e) and (f) of Section 6.01 of the
Existing Indenture and any corresponding provisions in the Notes, shall be
deleted in their entirety and replaced with “Intentionally Omitted,” and all
references made thereto throughout 

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    the
Existing Indenture and the Notes shall be deleted in their
entirety.

    

    Section
1.11      Effects of
Amendments.  All references made to a provision of the Existing
Indenture or the Notes deleted pursuant to the amendments set forth in Sections
1.1 through 1.10 of this Article I shall be deleted in their entirety from the
Existing Indenture and the Notes, and any definitions used exclusively in the
provisions of the Existing Indenture deleted pursuant to the amendments set
forth in Sections 1.1 through 1.10 of this Article I shall be deleted in their
entirety from the Existing Indenture.  The applicable provisions of
the Notes, including, without limitation, Section 12 thereof, shall be deemed
amended to reflect the amendments to the corresponding provisions of the
Existing Indenture that are amended pursuant to Sections 1.1 through 1.10 of
this Article I.

    

    ARTICLE
II

    MISCELLANEOUS
PROVISIONS
 

    Section
2.1       Execution as Supplemental
Indenture. This Fourth Supplement is executed and shall be construed as
an indenture supplement to the Existing Indenture.

     

    Section
2.2       Successors. This
Fourth Supplement shall be binding upon and inure to the benefit of the parties
hereto, their respective successors and assigns.

     

    Section
2.3       Ratification. Except
as expressly provided herein, all of the terms and provisions of the Existing
Indenture are and shall remain in full force and effect.

     

    Section
2.4      Governing Law. This
Fourth Supplement shall be deemed to be a contract made under the laws of the
State of New York and for all purposes shall be construed in accordance with the
laws of said State.

     

    Section
2.5      Counterparts;
Construction. This Fourth Supplement may be executed in any number of
counterparts (which may be transmitted by telecopy or as delivered by email in
pdf format), but such counterparts together shall constitute one and the same
instrument. As used herein, words in the singular number include the plural and
words in the plural include the singular.

     

    Section
2.6       Severability.  In
the event that any provisions of this Fourth Supplement shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions hall not in any way be affected or impaired
thereby.

    

    Section
2.7      Trust Indenture
Act.  If any provisions hereof limit, qualify, or conflict with
any provisions of the TIA required under the TIA to be part of and govern this
Fourth Supplement or the Amended Indenture, the provision of the TIA shall
control.  If any provision hereof modifies or excludes any provision
of the TIA that pursuant to the TIA may be so modified or excluded, the
provisions of the TIA as so modified or excluded hereby shall
apply.

    

    Section
2.8       The Trustee. The
Trustee accepts the supplements and amendments to the Existing Indenture
effected by this Fourth Supplement.

    

    Section
2.9      Effectiveness.  This
Fourth Supplement shall become effective upon execution by the Company, the
Guarantors party hereto, and the Trustee, provided, however, that 

     

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    the
amendments and modifications set forth in Article I hereof shall not become
effective until such time as the Company delivers written notice to the Trustee
and The Depository Trust Company, in its capacity as the depository for the
Notes with respect to the Offer that the Notes representing at least a majority
in the aggregate principal amount of the Notes have been validly tendered and
not validly withdrawn pursuant to the Offer and accepted for
purchase.

    
 

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

     
 

      
        	 	PRESTIGE BRANDS,
      INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Peter
      J. Anderson	 
	 	
                Name:    Peter
      J. Anderson

              	 
	 	Title:      Chief
      Financial Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	U.S.
      BANK NATIONAL ASSOCIATION, as
      Trustee	 
	 	 	 	 
	 	By:	/s/
      Raymond S. Haverstock	 
	 	Name:    
      Raymond S. Haverstock	 
	 	Title:      
      Vice President	 
	 	 	 	 
	 	 	 	 
	 	GUARANTORS:	 
	 	 	 	 
	 	PRESTIGE BRANDS HOLDINGS,
      INC.	 
	 	 	 	 
	 	By:	/s/
      Peter J. Anderson 	 
	 	Name:     Peter
      J. Anderson	 
	 	Title:       Chief
      Financial Officer	 
	 	 	 
	 	MEDTECH HOLDINGS,
      INC.	 
	 	MEDTECH PRODUCTS
      INC.	 
	 	PRESTIGE
      SERVICES CORP.	 
	 	PRESTIGE BRANDS HOLDINGS,
      INC.	 
	 	PRESTIGE BRANDS INTERNATIONAL,
      INC.	 
	 	PRESTIGE PERSONAL CARE,
      INC.	 
	 	PRESTIGE PERSONAL CARE
      HOLDINGS, INC.	 
	 	THE CUTEX
    COMPANY	 
	 	THE
      DENOREX COMPANY	 
	 	THE SPIC AND SPAN
      COMPANY	 
	 	 	 
	 	By:	/s/
      Peter J. Anderson	 
	 	Name:     Peter
      J. Anderson	 
	 	Title:       Chief
      Financial Officer

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