Document:

Exhibit 10.2 

 

GENERAL
GUARANTOR SUPPLEMENTAL INDENTURE

 

Supplemental
Indenture (this “Supplemental Indenture”), dated as of March 11, 2014, among the guaranteeing subsidiaries
listed on the signature pages hereto (collectively, the “Guaranteeing Subsidiaries”), each a subsidiary of
JLL/Delta Dutch Newco B.V., a private limited liability company organized under the laws of the Netherlands, as Issuer (under
the Indenture referred to below), and Wells Fargo Bank, National Association, as trustee (under the Indenture referred to below)
(the “Trustee”).

 

W
I T N E S S E T H

 

WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of
February 5, 2014, providing for the issuance of an unlimited aggregate principal amount of 7.50% Senior Notes due 2022 (the “Notes”);

 

WHEREAS,
the Indenture provides that under certain circumstances the Guaranteeing Subsidiaries shall execute and deliver to the Trustee
a supplemental indenture pursuant to which the Guaranteeing Subsidiaries shall unconditionally guarantee, subject to certain limitations
relating to local law, all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set
forth herein and under the Indenture (the “Guarantee”); and

 

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee, the Issuer and Guaranteeing Subsidiaries are 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 parties mutually covenant and agree for the equal and ratable benefit 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 Guarantee. Each Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and to be bound by the terms
of the Indenture applicable to Guarantors, including Article 10 thereof.

 

(3)          Execution
and Delivery.

 

(a)          To
evidence its Guarantee set forth in Section 10.01 of the Indenture, each Guaranteeing Subsidiary hereby agrees that this Supplemental
Indenture shall be executed on behalf of such Guaranteeing Subsidiary by its President, Secretary, Assistant Secretary, one of
its Vice Presidents or one of its Assistant Vice Presidents or by its legal representatives in accordance with applicable local
law, or in the case of a Guarantor organized or formed under the laws of the Netherlands, any director, or any attorney in fact
duly authorized in writing, or in the case of a Guarantor organized or formed under the laws of the Cayman Islands, if a company,
an authorized Officer or, if a partnership, an authorized Officer of its general partner, or in the case of any Guarantor incorporated
under the laws of England and Wales, any director, authorized signatory or any attorney duly authorized in writing.

 

(b)          If
an Officer whose signature is on this Supplemental Indenture no longer holds that office at the time the Trustee authenticates
the Note, the Guarantee shall be valid nevertheless.

 

    	 

    	 

    

 

(c)          The
Guaranteeing Subsidiaries agree that the Guarantee shall remain in full force and effect notwithstanding the absence of the endorsement
of any notation of such Guarantee on the Notes.

 

(4)          Governing
Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARDS TO CONFLICT OF LAWS PROVISIONS THEREOF.

 

(5)          Agent
for Service; Submission to Jurisdiction; Waiver of Immunity.

 

(a)          By
the execution and delivery of this Supplemental Indenture, the Guaranteeing Subsidiaries that are not incorporated or otherwise
organized under the laws of any State (including the District of Columbia and the Commonwealth of Puerto Rico) of the United States
(A) acknowledge that they have, by separate written instrument, designated and appointed Patheon Pharmaceuticals Inc., c/o
Patheon Inc., 4721 Emperor Boulevard, Suite 200, Durham NC 27703, Attn: Legal Department (together with any successor, the “Agent
for Service”), as their authorized agent upon which process may be served in any suit or proceeding based on or arising
out of this Supplemental Indenture, that may be instituted in any U.S. federal or state court in the State of New York, or brought
under U.S. federal or state securities laws, and acknowledge that the Agent for Service has accepted such designation, (B) submit
for themselves and their property to the non exclusive jurisdiction of any such court in any such suit or proceeding, (C) consent
that any such proceeding may be brought in any such court and waives trial by jury and any objection that any of them may now
or hereafter have to the venue of any such proceeding in any such court or that such proceeding was brought in any inconvenient
court and agrees not to plead or claim the same, (D) agree that service of process upon the Agent for Service (or any successor)
and written notice of said service to such Persons in accordance with Section 12.01 of the Indenture shall be deemed in every
respect effective service of process upon such Persons in any such suit or proceeding and (E) agree that nothing herein shall
affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other
jurisdiction.

               
 

(b)          To
the extent that the Guaranteeing Subsidiaries may be entitled, in any jurisdiction in which judicial proceedings may at any time
be commenced with respect to or arising out of this Supplemental Indenture, to claim for itself or its revenues, assets or properties
immunity (whether by reason of sovereignty or otherwise) from suit, from the jurisdiction of any court (including but not limited
to any court of the United States of America or the State of New York), from attachment prior to judgment, from set-off, from
execution of a judgment or from any other legal process, and to the extent that in any such jurisdiction there may be attributed
such an immunity (whether or not claimed), such Person hereby irrevocably agrees not to claim and hereby irrevocably waives such
immunity to the extent permitted by law.

               
 

(6)          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.

 

(7)          Effect
of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.

 

(8)
         The Trustee. The Trustee shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries.

 

    	2

    	 

    

 

(9)
        Subrogation. The Guaranteeing Subsidiaries shall be subrogated to all rights
of Holders of Notes against the Issuer in respect of any amounts paid by the Guaranteeing Subsidiaries pursuant to the provisions
of Section 10.01 of the Indenture; provided that, if an Event of Default has occurred and is continuing, no Guaranteeing
Subsidiaries shall be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until
all amounts then due and payable by the Issuer under the Indenture or the Notes shall have been paid in full.

 

(10)        Successors.
All agreements of each of the Guaranteeing Subsidiaries in this Supplemental Indenture shall bind its Successor Guarantor, except
as otherwise provided in the seventh paragraph under Section 10.01 of the Indenture or elsewhere in this Supplemental Indenture.
All agreements of the Trustee in this Supplemental Indenture shall bind its successors.

 

    	3

    	 

    

 

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

 

	 	BANNER PHARMACAPS INC.
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Dean Wilson
	 	 	Title: Chief Financial Officer & Treasurer

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	CEPH INTERNATIONAL CORPORATION
	 	PATHEON BANNER U.S. HOLDINGS
    INC.
	 	PATHEON PHARMACEUTICALS
    INC.
	 	PATHEON PHARMACEUTICALS
    SERVICES INC.
	 	PATHEON PUERTO RICO ACQUISITIONS
    CORPORATION
	 	PATHEON PUERTO RICO, INC.
	 	PATHEON INC.
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Michael Lytton
	 	 	Title: President
	 	 	 
	 	BANNER PHARMACAPS EUROPE
    B.V.
	 	DSM AGRO SERVICES B.V.
	 	JLL/DELTA DUTCH SUB B.V.
	 	PATHEON B.V.
	 	PATHEON COÖPERATIEF
    U.A.
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Michael Lytton
	 	 	Title: Authorized Signatory

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	JLL PARTNERS FUND V (PATHEON),
    L.P.
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By: JLL/Delta Dutch Newco
    B.V., as General Partner
	 	 	 
	 	By:	 
	 	 	Name: Michael Lytton
	 	 	Title: Authorized Signatory

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	PATHEON FINANCE LLC
	 	PATHEON U.S. HOLDINGS LLC
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Livia Maduri
	 	 	Title: Secretary

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	PATHEON UK LIMITED
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Nick Plummer
	 	 	Title: Secretary

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	DSM PHARMA CHEMICALS NORTH
    AMERICA, INC.
	 	DSM PHARMACEUTICAL PRODUCTS,
    INC.
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Hugh C. Welsh
	 	 	Title: General Counsel & Secretary
	 	 	 
	 	DPI NEWCO LLC
	 	as a Guaranteeing Subsidiary
	 	 	 
	 	By:	 
	 	 	Name: Hugh C. Welsh
	 	 	Title: President & Secretary

 

[Signature
Page to General Supplemental Indenture]

 

    	 

    	 

    

 

	 	 	 
	 	WELLS FARGO BANK, NATIONAL
    ASSOCIATION,
	 	as Trustee
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to General Supplemental Indenture]Exhibit
10.3

 

	WARNING 

        the
        taking of this document or any certified copy of it or any other document which constitutes substitute documentation for
        it, or any document which includes written confirmations or references to it, into Austria as well as printing out any
        e-mail communication which refers to this document in Austria or sending any e-mail communication to which a PDF scan
        of this document is attached to an Austrian addressee or sending any e-mail communication carrying an electronic or digital
        signature which refers to this document to an Austrian addressee may cause the imposition of Austrian stamp duty. Accordingly,
        keep the original document as well as all certified copies thereof and written and signed references to it outside of
        Austria and avoid printing out any e-mail communication which refers to this document in Austria or sending any e-mail
        communication to which a PDF scan of this document is attached to an Austrian addressee or sending any e-mail communication
        carrying an electronic or digital signature which refers to this document to an Austrian addressee

         

  

AUSTRIAN
SUPPLEMENTAL INDENTURE

 

Supplemental
Indenture (this “Supplemental Indenture”), dated as of March 11, 2014 among DSM Fine Chemicals Austria Nfg
GmbH & Co KG and DSM Life Science Products International GmbH (collectively, the “Austrian Guarantors”),
each a subsidiary of JLL/Delta Dutch Newco B.V., a private limited liability company organized under the laws of the Netherlands,
as Issuer (under the Indenture referred to below), and Wells Fargo Bank, National Association, as trustee (under the Indenture
referred to below) (the “Trustee”).

  

W
I T N E S S E T H 

 

WHEREAS,
the Issuer has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of
February 5, 2014, providing for the issuance of an unlimited aggregate principal amount of 7.50% Senior Notes due 2022 (the “Notes”); 

 

WHEREAS,
the Indenture provides that under certain circumstances the Austrian Guarantors shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the Austrian Guarantors shall unconditionally guarantee, subject to the limitations as set out herein,
all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under
the Indenture (the “Limited Guarantee”); and 

 

WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee, the Issuer and the Austrian Guarantors are 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 parties mutually covenant and agree for the equal and ratable benefit 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 Guarantee. 

 

(a)
Each Austrian Guarantor hereby agrees to be a Limited Guarantor under the Indenture and to be bound by the terms of the Indenture
applicable to the Limited Guarantors, including Article 10 thereof, subject to the limitations as set out herein. 

 

    	1

    	 

    

 

(b)
Nothing in the Limited Guarantee, the Indenture and/or the Supplemental Indenture shall be construed to create any obligation
of the Austrian Guarantors to act in violation of mandatory Austrian capital maintenance rules (Kapitalerhaltungsvorschriften)
including, without limitation, § 82 et seq. of the Austrian Act on Limited Liability Companies (Gesetz über Gesellschaften
mit beschränkter Haftung - “GmbHG”) and § 52 et seq. of the Austrian Act on Joint Stock Companies (Aktiengesetz
- “AktG”) (the “Austrian Capital Maintenance Rules”), and any and all obligations of the Austrian
Guarantors under their Limited Guarantee, the Indenture and/or the Supplemental Indenture shall be limited in accordance with
Austrian Capital Maintenance Rules. If and to the extent that payment obligations of the Austrian Guarantors under the Limited
Guarantee, the Indenture and/or the Supplemental Indenture would violate any Austrian Capital Maintenance Rules, such payment
obligation shall at all times be limited to the maximum amount permitted to be paid in accordance with such rules and shall (as
per the current understanding of the Austrian Capital Maintenance Rules) not exceed

 

(i)          the
Austrian Guarantor’s balance sheet profit (including retained earnings) ((Bilanzgewinn) as defined in § 224
(3) lit A no. IV of the Austrian Enterprise Code (Unternehmensgesetzbuch – UGB) as calculated by reference to the
most recent audited and approved (festgestellt within the Austrian law meaning of that term) financial statements of the
Austrian Guarantor) then available for distribution at the time or times payment under or pursuant to the Limited Guarantee is
requested, plus

 

(ii)         any
other amounts which are freely available or can be converted into amounts freely available for distribution to the shareholder(s)
under the GmbHG or the AktG (as the case may be) and the UGB (such as, for instance, unrestricted reserves (freie Rücklagen
within the Austrian law meaning of that term)) at the time or times payment under or pursuant to the Limited Guarantee is
requested from the Austrian Guarantor to the extent these have been made available by passing the necessary corporate resolutions
and taking other steps required by law for distribution at the relevant point in time in accordance with Austrian law, plus

 

(iii)   
    to the extent applicable, amounts payable by the Austrian Guarantor and/ or its subsidiaries from
bond proceeds which were on-lent to the Austrian Guarantor and/ or its subsidiaries by the Issuer, to the extent owed by the
Austrian Guarantor and/ or its subsidiaries to the Issuer at the relevant point in time, plus

 

(iv)        to
the extent applicable, the amount of any indebtedness capable of being discharged by way of setting-off that Austrian Guarantor’s
re-course claim following an enforcement of this Supplemental Indenture against any indebtedness owed by that Austrian Guarantor
to the Issuer, to the extent such set-off is enforceable and permitted under the Limited Guarantee at the time of payment under
or pursuant to the Limited Guarantee. 

 

(c)
Each Austrian Guarantor hereby agrees that it is liable for, as primary obligor and not as surety (Bürge) and not
as joint debtor (Mitschuldner), under the Limited Guarantee and undertakes to pay the amounts demanded under or pursuant
to its Limited Guarantee unconditionally, irrevocably, upon first demand and without raising any defenses or objections, set-off
or counterclaim and without verification of the legal ground (unbedingt, unwiderruflich, auf erstes Anfordern, unter Verzicht
auf alle Einwendungen oder Einreden, ohne Aufrechnung oder die Geltendmachung von Gegenforderungen und ohne Prüfung des Rechtsgrunds)
within the Austrian law meaning of these terms. The Limited Guarantee is an abstract guarantee (abstrakter Garantievertrag). 

 

    	2

    	 

    

 

(3)          Execution
and Delivery. 

 

(a)          To
evidence its Guarantee set forth in Section 10.01 of the Indenture, each Austrian Guarantor hereby agrees that this Supplemental
Indenture shall be executed on behalf of such Austrian Guarantor by its legal representatives in accordance with Austrian law
or any attorney duly authorized in writing.

 

(b)          If
an Officer whose signature is on this Supplemental Indenture no longer holds that office at the time the Trustee authenticates
the Note, the Guarantee shall be valid nevertheless. 

 

(c)
The Austrian Guarantors agree that the Limited Guarantee shall remain in full force and effect notwithstanding the absence of
the endorsement of any notation of such Limited Guarantee on the Notes. 

 

(4)          Governing
Law. THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARDS TO CONFLICT OF LAWS PROVISIONS THEREOF. 

 

(5)          Agent
for Service; Submission to Jurisdiction; Waiver of Immunity. 

 

(a)          By
the execution and delivery of this Supplemental Indenture, the Austrian Guarantors (A) acknowledge that they have, by separate
written instrument, designated and appointed Patheon Pharmaceuticals Inc., c/o Patheon Inc., 4721 Emperor Boulevard, Suite 200,
Durham NC 27703, Attn: Legal Department (together with any successor, the “Agent for Service”), as their authorized
agent upon which process may be served in any suit or proceeding based on or arising out of this Supplemental Indenture, that
may be instituted in any U.S. federal or state court in the State of New York, or brought under U.S. federal or state securities
laws, and acknowledge that the Agent for Service has accepted such designation, (B) submit for themselves and their property
to the non exclusive jurisdiction of any such court in any such suit or proceeding, (C) consent that any such proceeding
may be brought in any such court and waives trial by jury and any objection that any of them may now or hereafter have to the
venue of any such proceeding in any such court or that such proceeding was brought in any inconvenient court and agrees not to
plead or claim the same, (D) agree that service of process upon the Agent for Service (or any successor) and written notice
of said service to such Persons in accordance with Section 12.01 of the Indenture shall be deemed in every respect effective service
of process upon such Persons in any such suit or proceeding and (E) agree that nothing herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction.

 

(b)          To
the extent that the Austrian Guarantors may be entitled, in any jurisdiction in which judicial proceedings may at any time be
commenced with respect to or arising out of this Supplemental Indenture, to claim for itself or its revenues, assets or properties
immunity (whether by reason of sovereignty or otherwise) from suit, from the jurisdiction of any court (including but not limited
to any court of the United States of America or the State of New York), from attachment prior to judgment, from set-off, from
execution of a judgment or from any other legal process, and to the extent that in any such jurisdiction there may be attributed
such an immunity (whether or not claimed), such Person hereby irrevocably agrees not to claim and hereby irrevocably waives such
immunity to the extent permitted by law. 

 

(6)          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. 

 

(7)          Effect
of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 

 

    	3

    	 

    

 

(8)          The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the
Austrian Guarantors. 

 

(9)          Subrogation.
The Austrian Guarantors shall be subrogated to all rights of Holders of Notes against the Issuer in respect of any amounts paid
by the Austrian Guarantors pursuant to the provisions of Section 10.01 of the Indenture; provided that, if an Event of
Default has occurred and is continuing, no Austrian Guarantor shall be entitled to enforce or receive any payments arising out
of, or based upon, such right of subrogation until all amounts then due and payable by the Issuer under the Indenture or the Notes
shall have been paid in full. 

 

(10)        Successors.
All agreements of each of the Austrian Guarantors in this Supplemental Indenture shall bind its Successor Guarantor, except as
otherwise provided in the seventh paragraph under Section 10.01 of the Indenture or elsewhere in this Supplemental Indenture.
All agreements of the Trustee in this Supplemental Indenture shall bind its successors. 

 

(11)        Place
of Performance. The parties hereto agree that the exclusive place of performance (Erfüllungsort) for all rights
and obligations under this Supplemental Indenture and any transaction contemplated thereunder shall be at the seat of the Trustee,
or any other place reasonably designated by the Trustee but in any case a place outside the Republic of Austria. 

 

    	4

    	 

    

 

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

	 	 	 
	 	DSM FINE CHEMICALS AUSTRIA NFG GMBH  & CO KG
	 	DSM
LIFE SCIENCE PRODUCTS INTERNATIONAL GMBH
	 	as an Austrian Guarantor
	 	 	 
	 	By: 	 
	 	 	Name: Michael Lytton
	 	 	Title: Authorized Signatory

  

    	[Signature Page to Austrian Supplemental Indenture]

    	 

    

 

	 	 	 
	 	WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Trustee
	 	 	 
	 	By: 	 
	 	 	Name:
	 	 	Title: 

 

    	[Signature Page to Austrian Supplemental Indenture]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]