Document:

AMENDMENT TO EMPLOYMENT AGREEMENT

 

DEFERRED COMPENSATION AGREEMENT

WHEREAS, David A. Bell (“Executive”) and The Interpublic Group of Companies, Inc. (“Interpublic”) entered into an employment agreement as of January 18, 2005 (the “Employment Agreement”); and

WHEREAS, Section 11.01 of the Employment Agreement provides that the Employment Agreement may be amended in writing; and

WHEREAS, the Employment Agreement provides for payments that are or might be treated as deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); and

WHEREAS, Executive and Interpublic intend that no compensation under the Employment Agreement will be subject to adverse tax consequences under the Code.

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties agree as follows, effective as of January 18, 2005, except where this Agreement provides otherwise:

	
            1.
 	
            Incorporation by Reference.  All provisions of the Employment Agreement other than Section 6.06 and Article XI thereof are hereby incorporated herein by reference and shall remain in full force and effect except to the extent that (a) such provisions are expressly modified by the provisions of this Agreement or (b) paragraph 8, below, requires such provisions to be modified.  Unless provided otherwise, any reference herein to this Agreement shall include the provisions of the Employment Agreement that are incorporated herein by reference.
 

	
            2.
 	
            Annuity Benefit.   Section 6.06 of the Employment Agreement is hereby amended to read in its entirety as follows:
 

	
             
  	
            a.
 	
            Annuity Contracts.  Interpublic has elected to invest Five Hundred Thousand Dollars ($500,000) in each of the following annuity contracts (hereinafter referred to individually as an “Annuity Contract” and referred to collectively as the “Annuity Contracts”):
 

	
             
  	
            (i)
 	
            Annuity contract issued by Metropolitan Life Insurance Company, dated January 24, 2006;
 

	
             
  	
            (ii)
 	
            Annuity contract issued by AXA Equitable Life Insurance Company, dated February 1, 2006;
 

	
             
  	
            (iii)
 	
            Annuity contract issued by ReliaStar Life Insurance Company of New York, dated February 1, 2006; and
 

 

 

 

 

	
             
  	
            (iv)
 	
            An annuity contract to be issued by Merrill Lynch Insurance Group.
 

Interpublic has been at all times, and is as of the date of this Agreement, the sole applicant, owner, and beneficiary of each Annuity Contract; Executive has not had, does not have, and shall not have, any interest in any of the Annuity Contracts.

	
             
  	
            b.
 	
            Investment Direction and Guaranteed Payment Option.  From time to time, Executive may give written instructions to Interpublic to direct that the assets accumulated under each Annuity Contract be invested in any manner permitted under such Annuity Contract.  Following the guarantee period under each Annuity Contract, periodic payments under such Annuity Contract shall be variable, based on the investment performance of the assets accumulated under each Annuity Contract, unless:
 

	
             
  	
            (i)
 	
            Executive elects to receive a guaranteed minimum income benefit in accordance with the terms of such Annuity Contract, and
 

	
             
  	
            (ii)
 	
            Such election is filed concurrently with an election under paragraph d, below, or Interpublic and Executive agree, after consultation with counsel, that an election at a later date will not subject Executive or Interpublic to adverse federal income tax consequences.
 

	
             
  	
            c.
 	
            Executive’s Annuity Benefit.  Interpublic shall make monthly payments to Executive commencing on (or as soon as practicable after) the Commencement Date, which shall be January 1, 2012, or such later date that Executive elects pursuant to subparagraph d, below, and continuing for the remainder of Executive’s life.  
 

The amount of each periodic payment shall be calculated in accordance with the terms of the applicable Annuity Contract.

 

	
             
  	
            d.
 	
            Election to Defer Commencement.  Executive may elect to defer the Commencement Date, provided that:
 

	
             
  	
            (i)
 	
            Any such election must be filed with Interpublic at least 12 months before the Commencement Date that is then in effect and
 

	
             
  	
            (ii)
 	
            The deferred Commencement Date does not occur until one or more of the  following—
 

	
             
  	
            (A)
 	
            The date of Executive’s death,
 

	
             
  	
            (B)
 	
            The date Executive is determined to be “disabled” (within the meaning of Section 409A(a)(2)(C) of the Code), or 
 

 

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            (C)
 	
            The date that is five years after the Commencement Date in effect immediately before Executive makes such election.
 

For example, if the scheduled Commencement Date is January 1, 2012, any election to defer the Commencement Date must be made before January 1, 2011, and the Commencement Date that Executive elects must occur on or after January 1, 2017 (unless, before that date, Executive dies or is determined to be disabled after having elected for payments to commence upon his death or upon his becoming disabled, as applicable).

	
             
  	
            e.
 	
            Death Benefits.
 

	
             
  	
            (i)
 	
            Death Benefit During Spouse’s Life.  If Spouse survives Executive, then following Executive’s death, Interpublic shall make monthly payments to Spouse for the remainder of Spouse’s life.  Payments to Spouse under this subparagraph e shall commence on the following date:
 

	
             
  	
            (A)
 	
            If Executive dies before the Commencement Date, payments to Spouse shall commence on the Commencement Date in effect on the date of Executive’s death; or
 

	
             
  	
            (B)
 	
            If Executive dies on or after the Commencement Date, payments to Spouse shall commence on (or as soon as practicable after) the first day of the first month after Executive’s death.
 

	
             
  	
            (C)
 	
            If and to the extent the Annuity Contracts allow Interpublic to make investment elections after Executive’s death, Spouse shall have the right to give written instructions to Interpublic to direct that the assets accumulated under such Annuity Contracts be invested in any manner permitted thereunder.
 

	
             
  	
            (ii)
 	
            Death Benefit After Death of both Employee and Spouse.  After the deaths of Executive and Spouse, Interpublic shall pay to the beneficiary or beneficiaries determined under subparagraph f, below, an amount equal to the death benefit (if any) payable under the Annuity Contracts.  Such amount (if any) shall be paid in a lump sum as soon as practicable, and no more than [60 days], after the later of Executive’s death or Spouse’s death.
 

	
             
  	
            f.
 	
            Beneficiary.  Executive may designate one or more beneficiaries to receive the death benefit described in subparagraph e(ii), above (if any).  Such desig­na­tion, and any change to such designation, must be in writing on a form prescribed by Interpublic, and must be received by Interpublic before Executive’s death; any such designation received by Interpublic after Executive’s death shall not be recognized.  In the absence of an effective beneficiary designation, the amount described in subparagraph e(ii), above (if any) shall be paid to Executive’s estate; if Executive’s estate is wound up before Spouse’s death, such amount (if any) shall be paid to Spouse’s estate.
 

 

-3-

 

 

 

	
             
  	
            g.
 	
            Nature of Annuity Investment.  If the issuer of any Annuity Contract defaults on all or part of its obligation to Interpublic under such Annuity Contract, the amount payable under this Agreement shall be reduced proportionately.
 

	
             
  	
            h.
 	
            No Acceleration of Payment.  The payment of any amount due under this Agreement may not be accelerated into a calendar year prior to the calendar year in which such amount is then scheduled to be paid, unless (i) Interpublic and Executive agree, after consultation with counsel, that such acceleration will not subject Executive to adverse federal income tax consequences under Section 409A of the Code (including any administrative guidance thereunder) or otherwise subject either Executive or Interpublic to adverse tax consequences, and (ii) such acceleration is approved by Interpublic.
 

	
            3.
 	
            Post-Termination Pay.  Executive’s employment with Interpublic and its affiliates shall terminate by mutual agreement on March 17, 2006 (the “Termination Date”).  Executive and Interpublic agree as follows in connection with such termination:
 

	
             
  	
            a.
 	
            Executive is not entitled to (and shall not receive) any payments or other benefits pursuant to Section 7.01 of the Employment Agreement;
 

	
             
  	
            b.
 	
            Following such termination, Interpublic shall pay to Executive an amount equal to his base salary for a period of 12 months;
 

	
             
  	
            c.
 	
            Interpublic shall pay the amount required by paragraph 3.b, in substantially equal semi-monthly installments following the Termination Date except that Interpublic shall make the final payment required on or before March 15, 2007 and such final payment shall be equal to the excess of (i) the total amount due to Executive pursuant to paragraph 3.b over (ii) the sum of the payments that Executive has previously made to Executive pursuant to paragraph 3.b;
 

	
             
  	
            d.
 	
            Except as otherwise provided by paragraph 3.e hereof, after the Termination Date until the earlier of (i) March 15, 2007, or (ii) the date Executive accepts employment with another employer, Executive shall be eligible to receive all employee benefits accorded to him prior to termination, including suitable office space, the services of an assistant, and a car and driver.
 

	
             
  	
            e.
 	
            Executive shall not be eligible to contribute (and shall not contribute) any compensation with respect to the period after the Termination Date under the Interpublic Savings Plan (the “401(k) Plan”) or any other savings or deferred compensation plan (whether tax-qualified or nonqualified) maintained by Interpublic and its affiliates.  On or before March 15, 2007, Interpublic shall pay to Executive an amount equal to the aggregate of the matching contributions that Interpublic would have made for the benefit of Executive under the 401(k) Plan, based on the matching formula in effect on the Termination Date, and determined as if Executive’s contributions to the 401(k) Plan immediately prior to the Termination Date had continued at the same percentage rate in effect on the Termination Date (subject to the limits set forth in the 401(k) Plan) until the 
 

 

-4-

 

 

earlier of (i) March 15, 2007, or (ii) the date Executive accepts employment with another company and as if Executive made no contributions to the 401(k) Plan thereafter.  

	
            4.
 	
            Consulting Payments.  Section 7.02 of the Employment Agreement is hereby amended to provide that consulting fee payments shall not be made during the first six months after the Termination Date and that the first consulting fee payment shall be made on, or as soon as practicable after, the first day of the seventh month after the Termination Date (the “First Payment Date”).  Such payment shall include (or be accompanied by) a make-up payment equal to the sum of the consulting fee payments that would have been made pursuant to Section 7.02 of the Employment Agreement before the First Payment Date if not for the six-month delay required by the preceding sentence.
 

	
            5.
 	
            Taxes and Withholding.  Interpublic shall be entitled to withhold from all payments and other compensation under this Agreement all taxes that Interpublic reasonably determines to be required to be withheld from such payments and other compensation.  However, Executive, Spouse, and each beneficiary shall be solely responsible for paying all taxes on any compensation (including imputed compensation) and other payments provided to him or her, or on his or her behalf, under this Agreement, regardless of whether taxes are withheld.
 

	
            6.
 	
            General Creditor Status.  The rights of Executive, Spouse, and each beneficiary under this Agreement shall be limited to those of a general creditor of Interpublic.  This Agreement shall not be construed to give Executive, Spouse, or any beneficiary any interest in any of Interpublic’s assets, including the Annuity Contracts.  This Agreement does not create (or require the creation of) an escrow account or trust fund or any other form of asset segregation by Interpublic for the benefit of Executive, Spouse, or any beneficiary hereunder.
 

	
            7.
 	
            No Alienation.  Executive’s right to benefits under this Agreement shall not be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or otherwise subject to a lien.
 

	
            8.
 	
            American Jobs Creation Act of 2004.  This Agreement shall be construed, administered, and interpreted in accordance with a good-faith interpretation of Section 409A of the Code and Section 885 of the American Jobs Creation Act of 2004.  If Interpublic or Executive determines that any provision of this Agreement is or might be inconsistent with such provisions (including any administrative guidance issued thereunder), the parties shall attempt in good faith to agree on such amendments to this Agreement as may be necessary or appropriate to comply with such provisions.  This paragraph 8 shall not be construed (a) to limit the obligations of Executive, Spouse, or any beneficiary under paragraph 5, above, or (b) to transfer to or impose on Interpublic any liability relating to taxes on compensation (including imputed compensation) or other payments under this Agreement.
 

	
            9.
 	
            Entire Agreement.  Article XI of the Employment Agreement (as amended by this Agreement) is hereby amended to read in its entirety as follows:
 

 

-5-

 

 

 

This Agreement sets forth the entire understanding between Interpublic and Executive concerning his employment by Interpublic or any of its parents, affiliates, or subsidiaries (collectively “IPG”) and supersedes any and all previous agreements between Executive and IPG concerning such employment and/or any compensation or bonuses.  In the event of any inconsistency between the terms of the amendment to this Agreement, dated March 16, 2006, and the Employment Agreement that was in effect before  such amendment was executed, the terms of such amendment shall prevail.  Each party hereto shall pay its own costs and expenses (including legal fees) incurred in connection with the preparation, negotiation, and execution of this Agreement and such amendment.  Any amendment or modification to this Agreement must be set forth in writing and signed by Executive and an authorized director
or officer of Interpublic.

*       *    *

IN WITNESS WHEREOF, the parties have executed this Agreement.

THE INTERPUBLIC GROUP OF COMPANIES, INC.

 

	
             
 	
            By:  MICHAEL I. ROTH  

            

Michael I. Roth

Chairman and Chief Executive Officer

 

 

                   David A Bell.                

David A. Bell

 

 

	
             
 	
            Date:           3/16/06                          

            

 

 

-6-Exhibit 10.6

     

     

    Exhibit
      10.6

    BERRY
      PLASTICS CORPORATION

    BPC
      HOLDING CORPORATION

    

    THIRD
      AMENDMENT TO SECOND AMENDED AND RESTATED

    CREDIT
      AND GUARANTY AGREEMENT

    

    THIRD
      AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AND GUARANTY
      AGREEMENT
      (this
“Amendment”)
      is
      dated as of October 26, 2005 (the “Amendment
      Effective Date”),
      among
      Berry Plastics Corporation, a Delaware corporation (“Company”),
      BPC
      Holding Corporation, a Delaware corporation (“Holdings”),
      certain subsidiaries of Company as Guarantors, the Lenders party hereto, Goldman
      Sachs Credit Partners L.P. (“GSCP”)
      as
      co-syndication agent, joint lead arranger and joint bookrunner, JPMorgan Chase
      Bank, N.A. (“JPMCB”),
      as
      co-syndication agent, J.P. Morgan Securities Inc. (“JPMorgan”)
      as
      joint lead arranger and joint bookrunner, Deutsche Bank Trust Company Americas
      (together with any of its designated affiliates, “DBTCA”),
      as
      Administrative Agent, Collateral Agent, an Issuing Bank and Swing Line Lender,
      Fleet National Bank (“Fleet
      National Bank”),
      as an
      Issuing Bank and predecessor Swing Line Lender, and The Royal Bank of Scotland
      and General Electric Capital Corporation, as Co-Documentation Agents.

     

    RECITALS

     

    WHEREAS,
      Company
      entered into the Second Amended and Restated Credit and Guaranty Agreement
      dated
      as of August 9, 2004, as amended by the First Amendment to Second Amended and
      Restated Credit and Guaranty Agreement dated as of January 1, 2005 and the
      Second Amendment to Second Amended and Restated Credit and Guaranty Agreement
      dated as of June 3, 2005 (the Second Amended and Restated Credit and Guaranty
      Agreement, together with the First Amendment thereto and the Second Amendment
      thereto, the “Existing
      Agreement”),
      among
      Company, Holdings, certain subsidiaries of Company as Guarantors, the Lenders
      party thereto, GSCP, JPMCB, and certain agents;

     

    WHEREAS,
      Company
      has requested that the Lenders amend the Existing Agreement to reduce the
      Applicable Margin for the Term Loans (the Existing Agreement, following the
      effectiveness of this Amendment, the “Amended
      Credit Agreement”);

     

    NOW,
      THEREFORE,
      in
      consideration of the premises made hereunder, and for good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties hereto, intending to be legally bound, hereby agree as
      follows:

     

    Section
      1. Definitions.
      Unless
      otherwise expressly defined herein, all capitalized terms used herein and
      defined in the Existing Agreement shall be used herein as so
      defined.

     

    Section
      2. Amendment
      to the Existing Agreement: “Applicable Margin” definition.
      Subject
      to the satisfaction of the conditions set forth in Section 5 hereto, clause
      (iii) of the definition of “Applicable Margin” contained in Section 1.1 of the
      Existing Agreement is hereby amended and restated in its entirety as
      follows:

     

    (iii)
      with respect to Term Loans that are (a) Base Rate Loans, an amount equal to
      (I)
      0.75% per annum, if the Leverage Ratio is equal to or less than 4.50:1.00 or
      (II) 1.00% per annum, if the Leverage Ratio is greater than 4.50:1.00 or (b)
      Eurodollar Rate Loans, an amount equal to (I) 1.75% per annum, if the Leverage
      Ratio is equal to or less than 4.50:1.00 or (II) 2.00% per annum, if the
      Leverage Ratio is greater than 4.50:1.00, in each case, with the applicable
      Leverage Ratio calculated in accordance with Section 6.8(d)(ii);
      and

     

    Section
      3. Amendment
      to the Existing Agreement: Prepayment and Repricing Fee.
      Subject
      to the satisfaction of the conditions set forth in Section 5 hereto, the
      Existing Agreement is hereby amended and restated by the addition of the
      following provision to the Existing Agreement as Section 2.13(g):

    

    Prior
      to October 31, 2006, (a) all prepayments of Term Loans with the proceeds of
      a
      substantially concurrent issuance or incurrence of new loans if (i) the sole
      purpose of such issuance or incurrence is to reduce the Applicable Margin
      applicable to the Term Loans and (ii) such new loans have an Applicable Margin
      (or similar interest rate spread) that is, or upon the satisfaction of certain
      conditions could be, lower than the Applicable Margin applicable to the Term
      Loans (excluding a refinancing of all the Loans in connection with another
      transaction not permitted by this Agreement (as determined prior to giving
      effect to any amendment or waiver of this Agreement being adopted in connection
      with such transaction)), and (b) any amendments, amendments and restatements,
      supplements, waivers or modifications to this Agreement that have the effect
      of
      lowering, or upon the satisfaction of certain conditions could lower, the
      Applicable Margin applicable to the Term Loans from the Applicable Margin,
      shall
      be accompanied by a fee equal to 1.00% of the aggregate amount of such
      prepayments in the case of clause (a) above and a fee equal to 1.00% of all
      Term
      Loans in the case of clause (b), in each case payable by the Company to the
      Lenders.

     

    Section
      4. Representations
      and Warranties.
      To
      induce the other parties hereto to enter into this Amendment, each Credit Party
      represents and warrants to each of the Lenders, the Issuing Bank and the
      Administrative Agent that, as of the Amendment Effective Date:

     

    (a) This
      Amendment has been duly authorized, executed and delivered by the Company,
      Holdings and the Guarantors and each of this Amendment and the Amended Credit
      Agreement constitutes each of the Company’s, Holdings’ and each Guarantor’s
      legal, valid and binding obligation, enforceable against it in accordance with
      its terms except as such enforceability may be limited by bankruptcy,
      insolvency, reorganization, moratorium or other similar laws affecting
      creditors’ rights generally and by general principles of equity (regardless of
      whether such enforceability is considered in a proceeding at law or in equity).
      

     

    (b) The
      representations and warranties set forth in Section 4 of the Existing Agreement
      are, after giving effect to this Amendment, true and correct in all material
      respects on and as of the Amendment Effective Date, except where such
      representations and warranties expressly relate to an earlier date (in which
      case they were true and correct in all material respects as of such earlier
      date).

     

    (c) Both
      before and after giving effect to this Amendment, no Default or Event of Default
      has occurred and is continuing.

     

    (d) The
      execution, delivery and performance by the Credit Parties of this Amendment
      do
      not and will not (a) violate any provision of any law or any governmental rule
      or regulation applicable to Holdings or any of its Subsidiaries, any of the
      Organizational Documents of Holdings or any of its Subsidiaries, or any order,
      judgment or decree of any court or other agency of government binding on
      Holdings or any of its Subsidiaries except to the extent such violation,
      individually or in the aggregate, could not reasonably be expected to have
      a
      Material Adverse Effect; (b) conflict with, result in a breach of or
      constitute (with due notice or lapse of time or both) a default under any
      Contractual Obligation of Holdings or any of its Subsidiaries except to the
      extent such conflict, breach or default, individually or in the aggregate,
      could
      not reasonably be expected to have a Material Adverse Effect; (c) result in
      or require the creation or imposition of any Lien upon any of the properties
      or
      assets of Holdings or any of its Subsidiaries except to the extent that the
      creation or imposition of any such Liens, individually or in the aggregate,
      could not reasonably be expected to have a Material Adverse Effect; or
      (d) require any approval of stockholders, members or partners or any
      approval or consent of any Person under any Contractual Obligation of Holdings
      or any of its Subsidiaries, except for such approvals or consents which will
      be
      obtained on or before the Amendment Effective Date and disclosed in writing
      to
      Lenders and except for any such approvals or consents the failure of which
      to
      obtain, individually or in the aggregate, could not reasonably be expected
      to
      have a Material Adverse Effect.

     

    Section
      5. Conditions
      Precedent.
      This
      Amendment shall become effective upon satisfaction of the following conditions
      precedent:

     

                 (a)
Each
      Lender (other than a Defaulting Lender) with outstanding Term Loans shall have
      executed this Amendment, or in the absence of such unanimous consent, the
      provisions of Section 2.25 of the Existing Credit Agreement shall have been
      complied with in connection with Non-Consenting Lenders;

     

                 (b)
Each
      of
      the representations and warranties in Section 4 above shall be true and correct
      in all material respects on and as of the Amendment Effective Date;

     

                 (c)
      JPMCB
      and
      JPMorgan shall have received payment in immediately available funds of its
      fees
      and expenses as set forth in the Fee Letter of even date herewith;
      and

     

                 (d)
      The
      Administrative Agent shall have received such other documents, instruments,
      certificates, opinions and approvals as it may reasonably request.

     

    Section
      6. Survival
      of Representations and Warranties.
      All
      representations and warranties made in this Amendment and the Amended Credit
      Agreement shall survive the execution and delivery of this Amendment, and no
      investigation by Agents or Lenders shall affect the representations and
      warranties or the right of Agents and Lenders to rely upon them. If any
      representation or warranty made in this Amendment or the Amended Credit
      Agreement is false in any material respect as of the date made or deemed made,
      then such shall constitute an Event of Default under the Amended Credit
      Agreement.

     

    Section
      7. Reference
      to Agreement.
      Each of
      the Credit Documents, including the Amended Credit Agreement, and any and all
      other agreements, documents or instruments now or hereafter executed and/or
      delivered pursuant to the terms hereof or pursuant to the terms of the Amended
      Credit Agreement, are hereby amended so that any reference in such Credit
      Documents to the Credit Agreement, whether direct or indirect, shall mean a
      reference to the Amended Credit Agreement. This Amendment shall constitute
      a
      Credit Document under the Amended Credit Agreement.

     

    Section
      8. Costs
      and Expenses.
      Company
      shall pay on demand all reasonable costs and expenses of Agents (including
      the
      reasonable fees, costs and expenses of each counsel to any of the Agents)
      incurred in connection with the preparation, execution and delivery of this
      Amendment.

     

    Section
      9. Governing
      Law.
      THIS
      AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF
      THE
      STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
      OBLIGATIONS LAW OF THE STATE OF NEW YORK).

     

    Section
      10. Execution.
      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 one and
      the
      same agreement. Delivery of an executed counterpart of a signature page to
      this
      Amendment by telecopier shall be effective as delivery of a manually executed
      counterpart of this Amendment.

     

    Section
      11. Limited
      Effect.
      This
      Amendment relates only to the specific matters expressly covered herein, shall
      not be considered to be a waiver of any rights or remedies any Lender may have
      under the Amended Credit Agreement or under any other Credit Document, and
      shall
      not be considered to create a course of dealing or to otherwise obligate in
      any
      respect any Lender to execute similar or other amendments or grant any waivers
      under the same or similar or other circumstances in the future.

     

    Section
      12. Certain
      Waivers.
      Each of
      Company and Guarantors hereby agrees that neither the Agents nor any Lender
      shall be liable under a claim of, and hereby waives any claim against the Agents
      and the Lenders based on, lender liability (including, but not limited to,
      liability for breach of the implied covenant of good faith and fair dealing,
      fraud, negligence, conversion, misrepresentation, duress, control and
      interference, infliction of emotional distress and defamation and breach of
      fiduciary duties) as a result of this Amendment and any discussions or actions
      taken or not taken by the Agents or the Lenders on or before the date hereof
      or
      the discussions conducted in connection therewith, or any course of action
      taken
      by the Agents or any Lender in response thereto or arising therefrom;
provided,
      that
      the foregoing waiver shall not include the waiver of any claims which are based
      on the gross negligence or willful misconduct of any Agent or any Lender or
      any
      of their respective agents. This Section 12 shall survive the execution and
      delivery of this Amendment and the termination of the Amended Credit
      Agreement.

     

    

     

    [signature
      pages follow]

     

    

     

    
      
        
          

          

          
            	 	 	 

          

          

          |
            LA\1491765.6||

        

         

      

      
         

        
          

        

      

      
         

        
        

      

    

    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.

     

    BERRY
      PLASTICS CORPORATION

    

    

    By: /s/
      James M. Kratochvil

    Name:
      James M. Kratochvil

    Title: 
      Executive Vice President and Chief Financial Officer

    

    BPC
      HOLDING CORPORATION

    

    

      By: _/s/
      James M. Kratochvil

        Name:
      James
      M. Kratochvil

        Title: 
      Executive Vice President and Chief Financial Officer

    

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

         

      

      
         

        
          

        

      

      
         

      

    

    GUARANTOR
      SUBSIDIARIES

    

    AeroCon,
      Inc.

    Berry
      Iowa Corporation 

    Berry
      Plastic Design Corporation 

    Berry
      Plastics Technical Services, Inc. 

    Berry
      Sterling Corporation 

    Cardinal
      Packaging, Inc. 

    CPI
      Holding Corporation 

    Knight
      Plastics, Inc. 

    Landis
      Plastics, Inc. 

    Packerware
      Corporation 

    Pescor,
      Inc. 

    Poly-Seal
      Corporation 

    Venture
      Packaging, Inc. 

    Venture
      Packaging Midwest, Inc. 

    Berry
      Plastics Acquisition Corporation II 

    Berry
      Plastics Acquisition Corporation III 

    Berry
      Plastics Acquisition Corporation V 

    Berry
      Plastics Acquisition Corporation VII 

    Berry
      Plastics Acquisition Corporation VIII 

    Berry
      Plastics Acquisition Corporation IX 

    Berry
      Plastics Acquisition Corporation X 

    Berry
      Plastics Acquisition Corporation XI 

    Berry
      Plastics Acquisition Corporation XII 

    Berry
      Plastics Acquisition Corporation XIII 

    Kerr
      Group, Inc. 

    Saffron
      Acquisition Corp. 

    Sun
      Coast
      Industries, Inc. 

    

    

    By: _/s/
      James M. Kratochvil

      Name:
      James M.
      Kratochvil

      Title: 
Executive
      Vice President and Chief Financial Officer

    

    Berry
      Plastics Acquisition Corporation XIV, LLC 

    Berry
      Plastics Acquisition Corporation XV, LLC 

    Setco,
      LLC 

    Tubed
      Products, LLC

    

    By: _/s/
      James M. Kratochvil

      Name:
      James M.
      Kratochvil

      Title: 
Executive
      Vice President and Chief Financial Officer

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

         

      

      
         

        
          

        

      

      
         

      

    

    

    DEUTSCHE
      BANK TRUST COMPANY AMERICAS,

    as
      Administrative Agent and a Lender

    

    

    

    By:    
      /s/ Omayra Laucella 

    Name:
      Omayra Laucella

    Title:  
      Vice President

    

    

    By:  
      /s/ Evelyn Lazala 

    Name:
      Evelyn Lazala

    Title:  
      Vice President

    

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

         

      

      
         

        
          

        

      

      
         

      

    

    GOLDMAN
      SACHS CREDIT PARTNERS L.P.,

    As
      Co-Syndication Agent, Joint Lead Arranger, Joint 

    Bookrunner
      and a Lender

    

    

    By:   /s/
      Robert Schatzman

        Authorized
      Signatory

    

    

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

         

      

      
         

        
          

        

      

      
         

      

    

    JPMORGAN
      CHASE BANK, N.A.,

    As
      Co-Syndication Agent and a Lender

    

    

    

    By:  
      /s/ Stacey L. Haimes 

    Name:
      Stacey L. Haimes

    Title:  
      Vice President

    

    

    

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

         

      

      
         

        
          

        

      

      
         

      

    

    

    JP
      MORGAN
      SECURITIES INC.,

    As
      Joint
      Lead Arranger and Joint Bookrunner

    

    

    

    By:   
      /s/ David A. Dwyer 

    Name:
      David A. Dwyer

    Title:  
      Vice President

    

    

     

    

    
      
        

        
          	 	 	 

        

        

        Third
          Amendment to Second Amended and Restated Credit and Guaranty
          Agreement

        |

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]