Document:

Exhibit 10.6

 

SUPPLEMENTAL INDENTURE

 

SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”), dated as of October 3, 2005, is entered into by
and among Mueller Group Co-Issuer, Inc. (the “Co-Issuer”),
a subsidiary of Mueller Group, LLC (the “Company”), the
Company, the certain Guarantors (as defined in the Indenture referred to
herein) and Law Debenture Trust Company of New York, as trustee under the
Indenture referred to below (the “Trustee”).

 

W I T N E S S E T H

 

WHEREAS, the Company has heretofore executed and
delivered to the Trustee an indenture (the “Indenture”),
dated as of April 23, 2004, providing for the issuance of 10% Senior
Subordinated Notes due 2012 (the “Notes”);

 

WHEREAS, the Company has converted to a limited
liability company, and the Indenture provides that under certain circumstances
the Co-Issuer shall execute and deliver to the Trustee a supplemental indenture
pursuant to which the Co-Issuer shall become a co-issuer of the Notes;

 

WHEREAS, pursuant to Section 9.01 of the
Indenture, the Trustee is authorized to execute and deliver this Supplemental
Indenture.

 

NOW, THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the Co-Issuer and the Trustee mutually covenant and agree for the
equal and ratable benefits of the Holders of the Notes as follows:

 

1.                                       CAPITALIZED TERMS.  Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture.

 

2.                                       AGREEMENT TO CO-ISSUE.  The Co-Issuer hereby agrees to be deemed the
co-issuer of the Notes under the terms and subject to the conditions set forth
in the Indenture, and shall, jointly with the Company, assume all obligations
of the Company under the Notes, the Indenture and the Registration Rights
Agreement.

 

3.                                       NO RECOURSE AGAINST OTHERS.  No past, present or future director, officer,
employee, incorporator, stockholder or agent of the Co-Issuer, as such, shall
have any liability for any obligations of the Company or the Co-Issuer under
the Notes, the Indenture or this Supplemental Indenture or for any claim based
on, in respect of, or by any reason of, such obligations or their
creation.  Each Holder of the Notes by
accepting a Note waives and releases all such liability.  The waiver and release are part of the
consideration for issuance of the Notes.

 

4.                                       NEW YORK LAW TO GOVERN.  THE INTERNAL LAW OF THE STATE OF NEW YORK
SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING
EFFECT TO THE APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 

5.                                       COUNTERPARTS. 
The parties may sign any number of copies of this Supplemental
Indenture.  Each signed copy shall be an
original, but all of them together represent the same agreement.

 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Supplemental Indenture to be duly executed and attested, all as of the
date above first written.

 

	
   

  	
  MUELLER GROUP, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Miles C. Dearden

  
	
   

  	
   

  	
  Name:

  	
  Miles C. Dearden

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  MUELLER GROUP CO-ISSUER, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Joseph J. Troy

  
	
   

  	
   

  	
  Name:

  	
  Joseph J. Troy

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ANVILSTAR LLC

  
	
   

  	
  MUELLER INTERNATIONAL, INC.

  
	
   

  	
  MUELLER INTERNATIONAL, L.L.C.

  
	
   

  	
  MUELLER INTERNATIONAL
  FINANCE, INC.

  
	
   

  	
  MUELLER INTERNATIONAL
  FINANCE, L.L.C.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas E. Fish

  
	
   

  	
   

  	
  Name:

  	
  Thomas E. Fish

  
	
   

  	
   

  	
  Title:

  	
  Authorized Person

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  ANVIL INTERNATIONAL, INC.

  
	
   

  	
  MUELLER SERVICE CO.

  
	
   

  	
  HERSEY METERS CO.

  
	
   

  	
  HENRY PRATT COMPANY

  
	
   

  	
  HENRY PRATT INTERNATIONAL LTD.

  
	
   

  	
  HYDRO GATE ACQUISITION CORP.

  
	
   

  	
  J.B. SMITH MFG CO.

  
	
   

  	
  JAMES JONES COMPANY

  
	
   

  	
  MILLIKEN ACQUISITION CORP.

  
	
   

  	
  MUELLER CO.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas E. Fish

  
	
   

  	
   

  	
  Name:

  	
  Thomas E. Fish

  
	
   

  	
   

  	
  Title:

  	
  Authorized Person

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  LAW DEBENTURE TRUST COMPANY OF NEW YORK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Patrick J. Healy

  
	
   

  	
   

  	
  Name:

  	
  Patrick J. Healy

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 

[MG Supplemental Indenture]Exhibit 10.11

 

March 5, 2002

 

 

Mr. Jeffery W.
Sprick

6024 Hammock Hill Ave

Lithia, FL 33547

 

Dear Jeff:

 

The purpose of this
letter is to confirm the terms of our offer to employ you as Vice President of
Corporate Accounting for Walter Industries, Inc. (“Walter”) (the “Company”).
This offer will remain valid until and through March 15, 2002 and is
subject to satisfactory completion of a drug test.

 

1.                                       As
Vice President of Walter Industries, Inc., you shall report to and serve
at the direction of the Senior Vice President & Controller of Walter
Industries, or to such other person as may be designated from time to
time.  Your initial responsibilities
shall be to manage the financial reporting, analysis and SEC reporting of the
Corporation.  Such responsibilities may
be changed from time to time.

 

2.                                       Your
employment will commence no later than April 1, 2002.

 

3.                                       Your
compensation package will be as follows:

 

(a)                                  Base
Salary

 

$12,500
per month ($150,000 annually), which will be paid in accordance with the
payroll practices of the Company, as they may change from time to time.

 

(b)                                 Bonus

 

Your
annual target bonus will be 30.0% of your base salary.  The amount of your bonus will fluctuate based
upon actual performance under the Company’s bonus plan as in effect from time
to time. Participation in the bonus pool is dependent upon the achievement of
the Company’s annual financial and other goals, as well as the

 

 

accomplishment
of individual objectives mutually agreed upon in writing each year.  The first year’s bonus will not be pro-rated,
you will be treated as though you were employed the entire year.  To receive a bonus, you must be employed at
the time the bonus is paid.

 

Please
note that participation in the Employee Stock Purchase Plan is a condition to
participation in the bonus pool.

 

(c)                                  Stock
Options

 

You will be eligible for the Company’s stock option plan, subject to
terms of the Company’s stock option plan, with an initial award of 5,000
non-qualified stock option grants vesting over three years.

 

(d)                                 Sign-on
Bonus

 

You
will be paid $10,000 to offset for miscellaneous benefit reductions due to the
job change.

 

(e)                                  Benefits

 

•                  Reimbursement
for all reasonable and customary business-related travel and entertainment
expenses, in accordance with the terms of the Company’s policy, as it may
change from time to time.

 

•                  Participation
in the Company’s life and health insurance benefit programs in accordance with
their terms, as they may change from time to time.  A benefits booklet will be available for your
review upon request.

 

•                  Participation in the Walter Industries, Inc.
Profit-Sharing Plan according to its terms.

 

•                  Participation in the Walter
Industries 401(k) Plan, as it may change from time to time and in accordance
with its terms.  A 401(k) booklet will be
available for your review upon request. 
Your eligibility to participate will be consistent with the requirements
of ERISA.

 

•                  Eligibility
for four weeks of annual vacation to be used each year in accordance with the
Company’s policy, as it may change from time to time.

 

4.                                       It
is agreed and understood that: your employment with Walter is to be at will,
and either you or Walter may terminate the employment relationship at any time
for any reason, with or without cause, and with or without notice to the other;
nothing herein or elsewhere constitutes or shall be construed

 

 

as a commitment to employ
you or pay you severance, other than stated above, for any period of time; you
have read and understood this paragraph in making the decision to leave the
employ of your present employer and, if applicable, to forego other job
opportunities.  It is also understood
that you voluntarily sought employment with the Company without being offered
inducements to do so.

 

5.                                       In the event of your involuntary
termination, other than for “cause,” you will be eligible for the following
severance benefits:

 

•                  Twelve months of salary continuation
and target bonus.

 

•                  Twelve months of benefits
continuation to the extent the plans allow. 
In any event, health and life insurance will continue for the period of
your contractual severance, and the COBRA election will not commence until the
expiration of that period.

 

“Cause” shall mean your: (1) conviction
or guilty plea of a felony involving fraud or dishonesty, (2) theft or
embezzlement of property from the company, (3) willful and continued
refusal to perform the duties of your position (other than any such failure
resulting from your incapacity due to physical or mental illness) or (4) fraudulent
preparation of financial information of the company.

 

6.                                       You
agree that all inventions, improvements, trade secrets, reports, manuals,
computer programs, systems, tapes and other ideas and materials developed or
invented by you during the period of your employment with Walter, either solely
or in collaboration with others, which relate to the actual or anticipated
business or research of the Company, which result from or are suggested by any
work you may do for the Company, or which result from use of the Company’s
premises or the Company’s or its customers’ property (collectively, the “Developments”)
shall be the sole and exclusive property of the Company.  You hereby assign to the Company your entire
right and interest in any such Developments, and will hereafter execute any
documents in connection therewith that the Company may reasonably request.  This section does not apply to any
inventions that you made prior to your employment by the Company, or to any
inventions that you develop entirely on your own time without using any of the
Company’s equipment, supplies or facilities, or the Company’s or its customers’
confidential information which do not relate to the Company’s business,
anticipated research and development, or the work you have performed for the
Company.

 

7.                                       As
an inducement to the Company to make this offer to you, you represent and
warrant that you are not a party to any agreement or obligation for personal
services, and there exists no impediment or restraint, contractual or otherwise
on your power, right or ability to accept this offer and to perform the duties
and obligations specified herein.

 

 

8.                                       You
acknowledge that the Company expects you to respect and safeguard the trade
secrets and confidential information of your former employers.  You agree not to disclose to the Company, use
in their respective businesses, or cause them to use any information or
material that is confidential to any former employer, unless such information
is no longer confidential, or the Company or you have obtained the written
consent of such former employer to do so. 
Similarly, you acknowledge and agree that so long as you are an employee
of the Company or in the event you leave the employ of the Company, you will
respect and safeguard Company’s trade secrets and confidential information.

 

9.                                       You
acknowledge and agree that you have read this letter agreement carefully, have
been advised by the Company to consult with an attorney regarding its contents,
and that you fully understand the same.

 

10.                                 It
is agreed and understood that this offer letter, if and when accepted, shall
constitute our entire agreement with respect to the subject matter hereof and
shall supersede all prior agreements, discussions, understandings and proposals
(written or oral) relating to your employment with the Company.  This letter agreement will be interpreted
under and in accordance with the laws of the State of Florida without regard to
conflicts of laws.

 

We are delighted that you
have agreed to join Walter Industries, Inc. and look forward to working
with you.  If the terms contained within
this letter are acceptable, please sign one of the enclosed copies and return
it to me in the envelope provided.

 

	
  Sincerely,

  
	
   

  
	
  /s/ Charles
  Cauthen

  	
   

  
	
   

  
	
   

  
	
  Charles Cauthen

  
	
  Senior Vice
  President & Controller

  

 

 

ACCEPTANCE

 

I have read the
foregoing, have been advised to consult with counsel of my choice concerning
the same, and I fully understand the same. 
I approve and accept the terms set forth above as governing my
employment relationship with the Company.

 

	
  Signature

  	
   

  	
  /s/ Jeffery W.
  Sprick

  	
   

  	
  Date

  	
   

  	
  3/5/02

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