Document:

exhibit102.htm

    EXHIBIT
10.2

     

    

      PROMISSORY NOTE 

      
         

        
          	
                   Principal

                	
                  Loan
      Date 

                	
                  Maturity 

                	
                  Loan
    No

                	
                  Call /
      Coll 

                	
                  Account 

                	
                  Officer  

                	
                  Initials 

                
	
                   $1,000,000

                	
                  01-13-2009 

                	
                  07-13-2010 

                	
                  1673921 

                	
                          
      1 

                	 	
                  JMR 

                	 

        

      

      
        	
                 References in
      the boxes above are for Lender's use only and do not limit the
      applicability of this document to any particular loan or
item.

                Any item above containing
      "***" has been omitted due to text length
  limitations.

              

      

       

      

       

      
        	
                Borrower:

                 

                 

                 

                 

              	
                STATIONERS,
      INC.

                P.O. BOX
      2167

                HUNTINGTON, WV
      25701

                 

                 

              	Lender:	
                FIRST
      SENTRY BANK

                P.O. BOX 2107

                823 8TH STREET

                HUNTINGTON, WV
25721

              

      

       

      
        
        

         

        
          	Principal
      Amount: $1,000,000	Date
      of Note: January 13, 2009 

        

         

         

        PROMISE
TO PAY. Stationers, Inc. (“Borrower”) promises to pay to FIRST SENTRY BANK
(“Lender,.), or order, in lawful money of the United States of America, the
principal amount of One Million & 00/100 Dollars ($1,000,000.00) or so much
as may be outstanding, together with interest on the unpaid outstanding
principal balance of each advance. Interest shall be calculated from the date of
each advance until repayment of each advance.

         

        PAYMENT.
Borrower will pay this loan in one payment of all outstanding principal plus all
accrued unpaid interest on July 13, 2010. In addition, Borrower will pay regular
monthly payments of all accrued unpaid interest due as of each payment date,
beginning February 13,2009, with all subsequent interest payments to be due on
the same day of each month after that. Unless otherwise agreed or required by
applicable law, payments will be applied first to any unpaid collection costs;
then to any late charges; then to any accrued unpaid interest; and then to
principal. Borrower will pay Lender at Lender’s address shown above or at such
other place as Lender may designate in writing.

         

        VARIABLE INTEREST
RATE. The interest rate on this Note is subject to change from time to
time based on changes in an independent index which is the Prime Rate as
published in the Wall Street Journal (the “Index”). The Index is not necessarily
the lowest rate charged by Lender on its loans. If the Index becomes unavailable
during the term of this loan, Lender may designate a substitute index after
notifying Borrower. Lender will tell Borrower the current Index rate upon
Borrower’s request. The interest rate change will not occur more often than each
day. Borrower understands that Lender may make loans based on other rates as
well. The Index
currently is 3.250% per annum. The interest rate to be applied to the
unpaid principal balance of this Note will be calculated as described in the
“INTEREST CALCULATION METHOD” paragraph using a rate equal to the Index,
adjusted if necessary for any minimum and maximum rate limitations described
below, resulting in an initial rate of 4.250% per annum based on a year of 360
days. NOTICE: Under no circumstances will the interest rate on this Note be less
than 4.250% per annum or more than the maximum rate allowed by applicable
law.

         

        INTEREST CALCULATION
METHOD. Interest on this Note is computed on a 365/360 basis; that is, by
applying the ratio of the interest rate over a year of 360 days, multiplied by
the outstanding principal balance, multiplied by the actual number of days the
principal balance is outstanding. All interest payable under this Note is
computed using this method.

         

        PREPAYMENT.
Borrower may pay without penalty all or a portion of the amount owed earlier
than it is due. Early payments will not, unless agreed to by Lender in writing,
relieve Borrower of Borrower’s obligation to continue to make payments of
accrued unpaid interest, Rather, early payments will reduce the principal
balance due. Borrower agrees not to send Lender payments marked “paid in full”,
“without recourse”, or similar language. If Borrower sends such a payment,
Lender may accept it without losing any of Lender’s rights under this Note, and
Borrower will remain obligated to pay any further amount owed to Lender. All
written communications concerning disputed amounts, including any check or other
payment instrument that indicates that the payment constitutes “payment in fur
of the amount owed or that is tendered with other conditions or limitations or
as full satisfaction of a disputed amount must be mailed or delivered to: FIRST
SENTRY BANK, P.O. BOX 2107 HUNTINGTON, WV 25721.

         

        LATE CHARGE. If a
payment is 10 days or more late, Borrower will be charged $25.00.

         

        INTEREST AFTER
DEFAULT. Upon default, including failure to pay upon final maturity, the
total sum due under this Note will continue to accrue interest at the interest
rate under this Note. However, in no event will the interest rate exceed the
maximum interest rate limitations under applicable law.

         

        DEFAULT. Each of
the following shall constitute an event of default (“Event of Default”) under
this Note:

         

        
          	 	
                  Payment
      Default. Borrower fails to make any payment when due under this
      Note.

                   

                
	 	
                  Other
      Defaults. Borrower fails to comply with or to perform any other
      term, obligation, covenant or condition contained in this Note or in any
      of the related documents or to comply with or to perform any term,
      obligation, covenant or condition contained in any other agreement between
      Lender and Borrower.

                   

                
	 	
                  False
      Statements. Any warranty, representation or statement made or
      furnished to Lender by Borrower or on Borrower’s behalf under this Note or
      the related documents is false or misleading in any material respect,
      either now or at the time made or furnished or becomes false or misleading
      at any time thereafter.

                   

                
	 	
                  Insolvency.
      The dissolution or termination of Borrower’s existence as a going
      business, the insolvency of Borrower, the appointment of a receiver for
      any part of Borrower’s property, any assignment for the benefit of
      creditors, any type of creditor workout or the commencement of any
      proceeding under any bankruptcy or insolvency laws by or against
      Borrower.

                   

                
	 	
                  Creditor or
      Forfeiture Proceedings. Commencement of foreclosure or forfeiture
      proceedings, whether by judicial proceeding, self-help, repossession or
      any other method, by any creditor of Borrower or by any governmental
      agency against any collateral securing the loan. This includes a
      garnishment of any of Borrower’s accounts, including deposit accounts,
      with Lender. However, this Event of Default shall not apply if there is a
      good faith dispute by Borrower as to the validity or reasonableness of the
      claim which is the basis of the creditor or forfeiture proceeding and if
      Borrower gives Lender written notice of the creditor or forfeiture
      proceeding and deposits with Lender monies or a surety bond for the
      creditor or forfeiture proceeding, in an amount determined by Lender, in
      its sole discretion, as being an adequate reserve or bond for the
      dispute.

                   

                
	 	
                  Events Affecting
      Guarantor. Any of the preceding events occurs with respect to any
      guarantor, endorser, surety, or accommodation party of any of the
      indebtedness or any guarantor, endorser, surety, or accommodation party
      dies or becomes incompetent, or revokes or disputes the validity of, or
      liability under, any guaranty of the indebtedness evidenced by this
      Note.

                   

                
	 	
                  Change In
      Ownership. Any change in ownership of twenty-five percent (25%) or
      more of the common stock of Borrower.

                   

                
	 	
                  Adverse
      Change. A material adverse change occurs in Borrower’s financial
      condition, or Lender believes the prospect of payment or performance of
      this Note is impaired.

                   

                
	 	
                  Cure
      Provisions. If any default, other than a default in payment is
      curable and if Borrower has not been given a notice of a breach of the
      same provision of this Note within the preceding twelve (12) months, it
      may be cured if Borrower, after receiving written notice from Lender
      demanding cure of such default: (1) cures the default within ten (10)
      days; or (2) if the cure requires more than ten (10) days, immediately
      initiates steps which Lender deems in Lender’s sole discretion to be
      sufficient to cure the default and thereafter continues and completes all
      reasonable and necessary steps sufficient to produce compliance as soon as
      reasonably practical.

                

        

         

        LENDER’S RIGHTS.
Upon default, Lender may declare the entire unpaid principal balance under this
Note and all accrued unpaid interest immediately due, and then Borrower will pay
that amount.

         

        ATTORNEYS’ FEES;
EXPENSES, Lender may hire or pay someone else to help collect this Note
if Borrower does not pay. Borrower will pay Lender that amount. This includes,
subject to any limits under applicable law, Lender’s attorneys’ fees and
Lender’s legal expenses, whether or not there is a lawsuit, including attorneys’
fees, expenses for bankruptcy proceedings (including efforts to modify or vacate
any automatic stay or injunction), and appeals. If not prohibited by applicable
law, Borrower also will pay any court costs, in addition to all other sums
provided by law.

         

        GOVERNING
LAW. This Note will be governed by federal law applicable to Lender and, to the
extent not preempted by federal law, the laws of the State of West Virginia
without regard to its conflicts of law provisions. This Note has been accepted
by Lender in the State of West Virginia.

         

        CHOICE OF VENUE.
If there is a lawsuit, Borrower agrees upon Lender’s request to submit to the
jurisdiction of the courts of CABELL County, State of West
Virginia.

         

        RIGHT OF SETOFF.
To the extent permitted by applicable law, Lender reserves a right of
setoff ri all Borrowers accounts with Lender (whether checking, savings, or some
other account). This includes all accounts Borrower holds jointly with someone
else and all accounts Borrower may open in the future. However, this does not
include any IRA or Keogh accounts, or any trust accounts for which setoff would
be prohibited by law. Borrower authorizes Lender, to the extent permitted by
applicable law, to charge or setoff all sums owing on the debt against any and
all such accounts.

         

        LINE OF CREDIT.
This Note evidences a revolving line of credit. Advances under this Note, as
well as directions for payment from Borrower’s accounts, may be requested orally
or in writing by Borrower or by an authorized person. Lender may, but need not,
require that all oral requests be confirmed in writing. The following person or
persons are authorized to request advances and authorize payments under the line
of credit until Lender receives from Borrower, at Lender’s address shown above,
written notice of revocation of such authority: J. MAC
ALDRIDGE, Chairman of the Board of
Stationers, Inc. Borrower agrees to be
liable for all sums either: (A) advanced in accordance with the instructions of
an authorized person or (B) credited to any of Borrower’s accoUnts with Lender.
The unpaid principal balance owing on this Note at any time may be evidenced by
endorsements on this Note or by Lender’s internal records, including daily
computer print—outs. Lender will have no obligation to advance funds under this
Note if: (A) Borrower or any
guarantor is in default under the terms of this Note or any agreement that
Borrower or any guarantor has with Lender, including any agreement made in
connection with the signing of this Note; (B) Borrower or any guarantor ceases
doing business or is insolvent; (C) any guarantor seeks, claims or otherwise
attempts to limit, modify or revoke such guarantor’s guarantee of this Note or
any other loan with Lender; or CD) Borrower has applied funds provided pursuant
to this Note for purposes other than those authorized by Lender.

           

          PRIOR
NOTE. THIS
NOTE REPRESENTS THE RENEWAL AND EXTENSION OF THAT CERTAIN PROMISSORY NOTE DATED
12/06/99.
THE NOTE WAS
LAST RENEWED AND EXTENDED ON 4/7/07. ALL TERMS AND CONDITIONS OF THE ORIGINAL
NOTE, INCLUDING PROVISIONS FOR COLLATERAL
AND PERSONAL GUARANTEES, SHALL REMAIN IN FULL FORCE AND EFFECT... 
..

           

          SUCCESSOR
INTERESTS. The terms of this Note
shall be binding upon Borrower, and upon Borrower’s heirs, personal
representatives, successors and assigns, and shall inure to the benefit of
Lender and its successors and assigns.

           

          NOTIFY
US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES.
Please notify us
if we report any inaccurate information about your account(s) to a consumer
reporting agency. Your written notice describing the specific inaccuracy(ies)
should be sent to us at the following address: FIRST SENTRY BANK P.O. BOX 2107
HUNTINGTON, WV 25721.

           

          GENERAL
PROVISIONS. If any part of this
Note cannot be enforced, this fact will not affect the rest of the Note. Lender
may delay or forgo enforcing any of its rights or remedies under this Note
without losing them. Borrower and any other person who signs, guarantees or
endorses this Note, to the extent lIowed by law, waive presentment, demand for
payment, and notice of dishonor. Upon any change in the terms of this Note, and
unless otherwise expressly slated in writing, no party who signs this Note,
whether as maker, guarantor, accommodation maker or endorser, shall be released
from liability. All such parties agree that Lender may renew or extend
(repeatedly and for any length of time) this loan or release any party or
guarantor or collateral; or impair, fail to realize upon or perfect Lender’s
security interest in the collateral; and take any other action deemed necessary
by Lender without the consent of or notice to anyone. All such parties also
agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.

           

          PRIOR
TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS
NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE
TERMS OF THE NOTE.

           

          BORROWER
ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

           

           

          BORROWER:

           

           

          STATIONERS,
INC.

           

          By: COPY                          

               
J. MAC A1.DRIDGEform8kex101.htm

Exhibit
10.1

    EXECUTION
VERSION

     

    AMENDMENT
NO. 1 TO THE

    THIRD
AMENDED AND RESTATED CREDIT AGREEMENT

     

    

     

          Dated as of January 16,
2009

     

    AMENDMENT
NO. 1 (this “Amendment”) TO THE
THIRD AMENDED AND RESTATED CREDIT AGREEMENT among Chesapeake Corporation, a
Virginia corporation and a debtor and debtor in possession in a case pending
under chapter 11 of the Bankruptcy Code (the “Parent”), Chesapeake
U.K. Holdings Limited (“UK Holdings”),
Boxmore International Limited (“Boxmore”), Chesapeake
plc (“CSK Plc”
and, together with UK Holdings and Boxmore, the “Post-Petition
Borrowers”), the banks, financial institutions and other institutional
lenders party to the Credit Agreement referred to below (collectively, the
“Lenders”) and
Wachovia Bank, National Association, as administrative agent for the Lenders (in
such capacity, the “Administrative
Agent”).

     

    PRELIMINARY
STATEMENTS:

     

    WHEREAS,
the Parent, the Post-Petition Borrowers, the Lenders, the Administrative Agent,
Wachovia Capital Markets, LLC, as a sole lead arranger and the sole bookrunner
have entered into a Third Amended and Restated Credit Agreement dated as of
December 30, 2008 (the “Credit Agreement”;
capitalized terms not otherwise defined in this Amendment have the same meanings
as specified in the Credit Agreement); and

     

    WHEREAS,
the Parent, the Post-Petition Borrowers, the Lenders and the Administrative
Agent have agreed to amend certain provisions of the Credit Agreement as
hereinafter set forth;

     

    NOW,
THEREFORE, in consideration of the premises and for other good and valuable
consideration (the receipt and sufficiency of which are hereby acknowledged),
the parties hereto hereby agree as follows:

     

    SECTION
1. Amendments to the Credit
Agreement.  The Credit Agreement is, effective as of the
Amendment No. 1 Effective Date (as defined in Section 2 below) and subject to
the satisfaction of the conditions precedent set forth in Section 2, hereby
amended as follows:

     

    (a) Section
1.1 is hereby amended by inserting therein the following definition in the
proper alphabetical order:

     

    ““Bidding Procedures Order
Entry Date” is defined in Section
8.1.12(i).”

     

    (b) Section
8.1.12(i) of the Credit Agreement is hereby amended and restated in its entirety
to read as follows:

     

    

     

    
      
        
           

          

        

         

      

      
         

        
          

        

      

      
        2 

      

    

    “(i)           The
Bankruptcy Court shall not have entered the Bidding Procedures Order by January
20, 2009; provided that
such date may be extended to a date no later than January 23, 2009 in the sole
discretion of the Administrative Agent (any such date being, the “Bidding Procedures Order
Entry Date”).”

     

    SECTION
2. Conditions of
Effectiveness.  This Amendment shall be effective as of January
16, 2009 (the “Amendment No. 1 Effective
Date”) when, and only when, the Administrative Agent shall have received,
on or before the Amendment No. 1 Effective Date:

     

    (a) counterparts
of this Amendment executed by the Parent, each Post-Petition Borrower, the
Required Lenders and the Post-Petition Required Lenders or, as to any of the
Required Lenders or Post-Petition Required Lenders, advice satisfactory to the
Administrative Agent that such Required Lender or Post-Petition Required Lender
has executed this Amendment and counterparts of the Consent and Confirmation
attached hereto executed by each Subsidiary Guarantor; and

     

    (b) (i) an
amendment or waiver of the milestones set forth in Section 6.5 of the Stalking
Horse Bid to reflect an extension of the date by which the Debtors shall obtain
the entry of the Bidding Procedures Order to the Bidding Procedures Order Entry
Date or (ii) an agreement that the Purchasers will not terminate the Stalking
Horse Bid prior to the Bidding Procedures Hearing (as defined in the 363 Asset
Purchase Agreement), in each case as agreed in writing between the Debtors and
the Purchasers and reasonably satisfactory to the Administrative
Agent.

     

    SECTION
3. Representations and
Warranties of the Parent and the
Post-Petition Borrowers.  The Parent and each Post-Petition
Borrower represent and warrant as follows:

     

    (a) All
representations and warranties made by the Parent and each Post-Petition
Borrower in the Credit Agreement and the other Loan Documents are true and
correct in all material respects as of the date hereof as if made on the date
hereof (unless stated to relate solely to an earlier date, in which case such
representations and warranties shall be true and correct in all material
respects as of such earlier date) and after giving effect to this Amendment, no
Default shall have occurred and be continuing.

     

    (b) The
Parent, each Post-Petition Borrower and each Subsidiary Guarantor is a
corporation or limited liability company duly organized or formed, validly
existing and in good standing under the laws of its jurisdiction of organization
or formation.

     

    (c) The
execution, delivery and performance by the Parent and each Post-Petition
Borrower of this Amendment and the Loan Documents, as modified hereby, and by
each Subsidiary Guarantor of the Consent and Confirmation attached hereto, are
in each case within such Person’s powers, have been duly authorized by all
necessary action, and do not result in a default under or contravene any such
Person’s Organic Documents.

     

    (d) Other
than in connection with the Case, no authorization or approval or other action
by, and no notice to or filing with, any Governmental Authority or other Person
(other than those that have been duly obtained or made and which are in full
force and effect) is required for the due execution, delivery or performance by
the Parent, each Post-Petition Borrower of this Amendment or any of the Loan
Documents, as modified hereby, to which it is or is to be a party, or by each
Subsidiary Guarantor of the Consent and Confirmation attached
hereto.

     

    (e) This
Amendment has been duly executed and delivered by the Parent, each Post-Petition
Borrower, and the Consent and Confirmation attached hereto has been duly
executed and

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
        3 

      

    

    delivered
by each Subsidiary Guarantor.  This Amendment and each of the other
Loan Documents, as modified hereby, to which the Parent, each Post-Petition
Borrower is a party, and the Consent and Confirmation attached hereto, are
legal, valid and binding obligations of the Parent, each Post-Petition Borrower
or each Subsidiary Guarantor, as applicable, enforceable against such entity in
accordance with their respective terms (except, in any case, as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization or similar laws affecting creditors’ rights generally and by
general principles of equity).

     

    SECTION
4. Reference to and Effect on
the Loan Documents.  (a)  On and after the Amendment
No. 1 Effective Date, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement, and each reference in the Notes and each of the other Loan
Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement, as modified by this Amendment.

     

    (b) The
Credit Agreement (including, without limitation, the guarantees by the
Post-Petition Borrowers set forth in Section 4.10
thereof), the Notes and each of the other Loan Documents are and shall continue
to be in full force and effect and are hereby in all respects ratified and
confirmed.  Without limiting the generality of the foregoing, the
Collateral Documents and all of the Collateral described therein do and shall
continue to secure the payment of all Obligations of the Loan Parties under the
Loan Documents, in each case as modified by this Amendment.

     

    (c) The
execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of
any Lender or the Administrative Agent under any of the Loan Documents, nor
constitute a waiver of any provision of any of the Loan Documents.

     

    SECTION
5. Execution in
Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute but one and the same agreement.  Delivery of
an executed counterpart of a signature page to this Amendment by telecopier (or
other electronic transmission) shall be effective as delivery of a manually
executed counterpart of this Amendment.

     

    SECTION
6. Governing
Law.  This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

     

    

     

    [signature
pages to follow]

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by
their respective officers thereunto duly authorized, as of the date first above
written.

     

    CHESAPEAKE
CORPORATION, as a Debtor and Debtor in Possession

    

    

    By /s/  Joel K.
Mostrom                                                                

    Joel K.
Mostrom

    Executive
Vice President & CFO

    

    

    CHESAPEAKE
U.K. HOLDINGS LIMITED

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Director

    

    

    BOXMORE
INTERNATIONAL LIMITED

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Director

    

    

    CHESAPEAKE
PLC

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Director

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    Agreed as
of the date first above written:

     

    WACHOVIA
BANK, NATIONAL ASSOCIATION,

     

    as a
Lender, Post-Petition Lender and Administrative Agent

     

    
      	
              By/s/ Reginald T.
      Dawson

            	 	 

    

    
      	
               
      

            	
              Name:  Reginald
      T. Dawson

            

    

    
      	
               
      

            	
              Title:  Managing
      Director

            

    

     

     

     

    CITICORP
NORTH AMERICA, INC., as a Lender and a Post-Petition Lender

     

    
      	
              By/s/ Michael
      Becker

            	 	 

    

    
      	
               
      

            	
              Name:  Michael
      Becker

            

    

    
      	
               
      

            	
              Title:  Managing
      Director

            

    

     

     

     

    Credit
Industriel et Commercial, New York Branch, as a Lender and a Post-Petition
Lender

     

    
      	
              By/s/ Eric
      Longuet

            	 	 

    

    
      	
               
      

            	
              Name:  Eric
      Longuet

            

    

    
      	
               
      

            	
              Title:  Vice
      President

            

    

    

    
      	
              By/s/ Albert
      Calo

            	 	 

    

    
      	
               
      

            	
              Name:  Albert
      Calo

            

    

    
      	
               
      

            	
              Title:  Vice
      President

            

    

    

    HSBC Bank
plc, as a Lender and a Post-Petition Lender

     

    
      	
              By/s/ Kevin
      Lambert

            	 	 

    

    
      	
               
      

            	
              Name:  Kevin
      Lambert

            

    

    
      	
               
      

            	
              Title:  Manager,
      Lending Services

            

    

     

     

     

    KBC Bank
N.V., as a Lender and a Post-Petition Lender

     

    
      	
              By/s/ Katherine S.
      McCarthy

            	 	 

    

    
      	
               
      

            	
              Name:  Katherine
      S. McCarthy

            

    

    
      	
               
      

            	
              Title:  Director

            

    

     

     

     

    
      	
              By/s/ Sandra T.
      Johnson

            	 	 

    

    
      	
               
      

            	
              Name:  Sandra
      T. Johnson

            

    

    
      	
               
      

            	
              Title:  Managing
      Director

            

    

     

     

     

    SunTrust
Bank, as a Lender and a Post-Petition Lender

     

    
      	
              By/s/ Byron P.
      Kurtgis

            	 	 

    

    
      	
               
      

            	
              Name:  Byron
      P. Kurtgis

            

    

    
      	
               
      

            	
              Title:  Director

            

    

     

     

     

    

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    CONSENT
AND CONFIRMATION

     

    

     

    Dated as
of January 16, 2009

    

    Each of
the undersigned hereby consents to the foregoing Amendment and hereby (a)
confirms and agrees that notwithstanding the effectiveness of such Amendment,
each Loan Document to which it is a party is, and shall continue to be, in full
force and effect and is hereby ratified and confirmed in all respects, except
that, on and after the effectiveness of such Amendment, each reference in the
Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of
like import shall mean and be a reference to the Credit Agreement, as affected
by such Amendment, (b) confirms and agrees that the pledge and security interest
in the Collateral granted by it pursuant to the Collateral Documents to which it
is a party shall continue in full force and effect, and (c) acknowledges and
agrees that such pledge and security interest in the Collateral granted by it
pursuant to such Collateral Documents shall continue to secure the Obligations
purported to be secured thereby, as affected hereby.

     

    This
Consent and Confirmation shall be governed by, and construed in accordance with,
the laws of the State of New York.  Each of the undersigned hereby
irrevocably submits to the non-exclusive jurisdiction of the courts of the State
of New York, New York county and the courts of the United States of America
located in the Southern District of New York and hereby agrees that any legal
action, suit or proceeding arising out of or relating to the foregoing Amendment
and this Consent and Confirmation may be brought against them in any such
courts.  This Consent and Confirmation may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute but one and the same
agreement.  Delivery of an executed counterpart of a signature page to
this Consent and Confirmation by telecopier shall be effective as delivery of a
manually executed counterpart of this Consent and Confirmation.

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    CHESAPEAKE
UK ACQUISITIONS PLC

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Director

    

    CARY ST.
COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ Candace C.
Formacek                                                                

    Candace
C. Formacek

    Vice
President

    

     

    CHESAPEAKE
INTERNATIONAL HOLDING COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

           
Vice President and Secretary

    

    CHESAPEAKE
PRINTING AND PACKAGING COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

          
 Vice President and Secretary

    

    CHESAPEAKE
PHARMACEUTICAL PACKAGING COMPANY INC., a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

           
Vice President and Secretary

    

    CHESAPEAKE
DISPLAY AND PACKAGING COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Secretary

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    CHESAPEAKE
FOREST PRODUCTS COMPANY LLC, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Vice
President and Secretary

    

     

    CHESAPEAKE
RECYCLING COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    

     

    CHESAPEAKE
ASSETS COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    

     

    DELMARVA
PROPERTIES, INC., a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Vice
President and Secretary

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    SHEFFIELD,
INC., a Debtor and a Debtor in Possession

    

    

    By /s/ J. Christopher
Naftzger                                                                

    J.
Christopher Naftzger

    Secretary

    

     

    STONEHOUSE
INC., a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Vice
President and Secretary

    

     

    THE
CHESAPEAKE CORPORATION OF VIRGINIA, a Debtor and a Debtor in
Possession

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    

    WTM I
COMPANY, a Debtor and a Debtor in Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    Vice
President and Secretary

    

     

    CHESAPEAKE
CORPORATION, a Wisconsin corporation, a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

     

    CHESAPEAKE
CORPORATION, a Massachusetts corporation, a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    

     

    CHESAPEAKE
CORPORATION, a D.C. corporation, a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    

     

    CHESAPEAKE
CORPORATION, an Illinois corporation, a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

     

    

    CHESAPEAKE
CORPORATION, a Louisiana corporation, a Debtor and a Debtor in
Possession

    

    

    By /s/ J.P. Causey
Jr.                                                                

    J.P.
Causey Jr.

    President

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

            Mark
Priestley

    as duly
appointed attorney of

    CHESAPEAKE
& SONS LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

            Mark
Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
BRISTOL LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner_______

    

    Name
Liz
Turner_________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

          
 Mark Priestley

    

    as duly
appointed attorney of

    FIELD
BOXMORE BRISTOL (HOLDINGS) LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

          
 Mark Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
PLASTICS LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

          
 Mark Priestley

    

    as duly
appointed attorney of

    FIRST
CARTON GROUP LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

          
 Mark Priestley

    

    as duly
appointed attorney of

    FIELD
BOXMORE IRELAND LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

          
 Mark Priestley

    

    as duly
appointed attorney of

    BPG
HEALTHCARE SYSTEMS LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

         
  Mark Priestley

    

    as duly
appointed attorney of

    BERRY’S
(HOLDINGS) LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

         
  Mark Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
PHARMACEUTICAL AND HEALTHCARE PACKAGING (DUBLIN) LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

           
Mark Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
PHARMACEUTICAL AND HEALTHCARE PACKAGING (LIMERICK) LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

         
  Mark Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
PHARMACEUTICAL AND HEALTHCARE PACKAGING (WESTPORT) LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

         
  Mark Priestley

    

    as duly
appointed attorney of

    BOXMORE
PLASTICS LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              SIGNED
      SEALED AND DELIVERED

              on
      behalf of

              LITHOPRINT
      HOLDINGS LIMITED

               

              at
      Amersham

            	 
      	 
      
	
               

              By  Mark
      Priestley

            	 
      	
               

              /s/
      Mark Priestley

            
	
              Print
      Full Name

               

              before
      this witness

               

              Liz
      Turner

            	 
      	
              Director

               

               

               

              /s/
      Elizabeth Turner

            
	
              Print
      Full Name

               

            	 
      	
              Witness

            
	
              Chesapeake
      PLC

              Church
      House

              St.
      Mary’s Court

              The
      Broadway Old Amersham

              Bucks
      HP7 OUT

              United
      Kingdom

               

            	 
      	 
      
	 
      
	 
      

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              SIGNED
      SEALED AND DELIVERED

              on
      behalf of

              CHESAPEAKE
      HILLINGTON LIMITED

               

              at
      Amersham

            	 
      	 
      
	
               

              By  Mark
      Priestley

            	 
      	
               

              /s/
      Mark Priestley

            
	
              Print
      Full Name

               

              before
      this witness

               

              Liz
      Turner

            	 
      	
              Director

               

               

               

              /s/
      Elizabeth Turner

            
	
              Print
      Full Name

               

            	 
      	
              Witness

            
	
              Chesapeake
      PLC

              Church
      House

              St.
      Mary’s Court

              The
      Broadway Old Amersham

              Bucks
      HP7 OUT

              United
      Kingdom

               

            	 
      	 
      
	 
      
	 
      

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by:  /s/ Mark Priestley

         
  Mark Priestley

    

    as duly
appointed attorney of

    CHESAPEAKE
BELFAST LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by: /s/ Mark Priestley

        
  Mark Priestley

    

    as duly
appointed attorney of

    WILLIAM
W. CLELAND HOLDINGS LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by: /s/ Mark Priestley

        
  Mark Priestley

    

    as duly
appointed attorney of

    FIELD
BOXMORE GB LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    

    Notice
Details

    

    Address:

    

    Facsimile:

    

    Attention:

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    SIGNED
SEALED AND DELIVERED

    by: /s/ Mark Priestley  

           Mark Priestley

    

    as duly
appointed attorney of

    FIELD
PACKAGING LIMITED

    In the
presence of:

    

    

    

    Witness’s
signature /s/
Elizabeth Turner______

    

    Name
Liz
Turner________________________

    

    Chesapeake
PLC

    Church
House

    St.
Mary’s Court

    The
Broadway Old Amersham

    Bucks HP7
OUT

    United
Kingdom

    

    

    

    Notice
Details

    

    Address:

    

    Facsimile:

    

    Attention:

    

    

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    Chesapeake
Düren GmbH

     

    By:  /s/ Timothy D.
Whitfield

                                            Timothy D.
Whitfield

    Title:  Director

     

    Chesapeake
Melle GmbH

     

    By:  /s/ Timothy D.
Whitfield

                                            Timothy D.
Whitfield

    Title:  Director

     

    Chesapeake
Stuttgart GmbH

     

    By:  /s/ Timothy D.
Whitfield

                                            Timothy D.
Whitfield

    Title:  Director

     

    Chesapeake
Neu-Isenburg GmbH

     

    By:  /s/ Michael
Cheetham                                                      

                                            Michael
Cheetham

    Title:  Director

     

    Chesapeake
Deutschland GmbH

     

    By:  /s/ Timothy D.
Whitfield

                                            Timothy D.
Whitfield

    Title:  Director

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    ChesaPeake
Oss B.V.

     

    
      	
               
      

            	
              By:

            	
              /s/ Willem
      Langenhuyzen

            	 

    

       Willem
Langenhuyzen

       Title:  Managing
Director

     

    
      
        
           

        

         

      

      
         

        
          

        

      

      
         

      

    

    Chesapeake
Gent NV

     

    By:  /s/ Michael
Cheetham                                                      

                                            Michael
Cheetham

    Title:  Director

     

    Chesapeake
Bornem NV

     

    
      	
               
      

            	
              By:

            	
              /s/ Michael
      Cheetham

            	 

    

    
      	 	Michael
      Cheetham
	
               
      

            	
              Title:  Director

            

    

    

    Chesapeake
Shared Services Benelux NV

     

    
      	
               
      

            	
              By:

            	
              /s/ Michael
      Cheetham

            	 

    

    
      	 	Michael
      Cheetham
	
               
      

            	
              Title:  Director

            

    

    

    Chesapeake
Brussels NV

     

    
      	
               
      

            	
              By:

            	
              /s/ Michael
      Cheetham

            	 

    

    
      	 	Michael
      Cheetham
	
               
      

            	
              Title:  Director

            

    

    

    Boxmore
Healthcare Packaging Europe NV

     

    
      	
               
      

            	
              By:

            	
              /s/ Michael
      Cheetham

            	 

    

    
      	 	Michael
      Cheetham
	
               
      

            	
              Title:  Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]