Document:

EX-4.2

 Exhibit 4.02 
 Fourth Supplemental Indenture 
 dated as of June 28, 2013 

among 

APPVION, INC., 
 as Issuer, 
 the parties named as guarantors herein, 

as Guarantors, 
 and 
 U.S. BANK NATIONAL ASSOCIATION, 

as Trustee, 

to the 

INDENTURE 

dated as of June 11, 2004, 
 governing 
 9 3/4% Senior Subordinated Notes due 2014 

 This FOURTH SUPPLEMENTAL INDENTURE, dated as of June 28, 2013 (the “Fourth
Supplemental Indenture”), is among Appvion, Inc., a Delaware corporation (the “Company”), the parties named on the signature pages hereto as guarantors (the “Guarantors”) and U.S. Bank National Association,
as trustee (the “Trustee”). 
 RECITALS 

WHEREAS, the Company, the Guarantors and the Trustee have entered into the Indenture, dated as of June 11, 2004 (as amended,
supplemented or otherwise modified from time to time, the “Indenture”), providing for the issuance of the Company’s 9 3/4% Senior Subordinated Notes due 2014 (the “Notes”); 

WHEREAS, the Company and the Guarantors have duly authorized the execution and delivery of this Fourth Supplemental Indenture;

 WHEREAS, pursuant to Section 9.01 of the Indenture, the Company, the other Guarantors party hereto and the Trustee are
authorized to execute and deliver this Fourth Supplemental Indenture; 
 WHEREAS, all other acts and proceedings required by
law, by the Indenture and by the amended and restated certificate of incorporation and the by-laws of the Company and by the applicable governing documents of each Guarantor to execute and deliver this Fourth Supplemental Indenture, in accordance
with its terms, have been duly done and performed; and 
 WHEREAS, in order to permit the Company to designate a Restricted
Subsidiary having no material assets that is a Guarantor to be an Unrestricted Subsidiary and to dissolve such subsidiary without violating the terms of the Indenture, the Company wishes to amend the Indenture to achieve such purpose; 

NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Guarantors and the Trustee hereby agree as follows: 
 ARTICLE I 
 AMENDMENTS TO THE INDENTURE 

1. Amendments to the Indenture. The following sections of the Indenture are hereby amended and/or restated as set forth below:

 1.1 Section 4.21 Designation of Restricted and Unrestricted Subsidiaries. Section 4.21 of the Indenture is
hereby amended by amending and restating Section 4.21 thereof to read in its entirety as follows: 

“Section 4.21 Designation of Restricted and Unrestricted Subsidiaries. The Board of Directors of the Company
may designate any Restricted Subsidiary, including any Guarantors, to be an Unrestricted Subsidiary if that designation would not otherwise cause a Default and if the aggregate Fair Market Value of the property and assets of such 

  
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 Restricted Subsidiary is less than $10,000. Any designation of a Restricted Subsidiary of
the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors giving effect to such designation and an Officers’ Certificate certifying that such
designation complied with the preceding conditions.” 
 ARTICLE II 

MISCELLANEOUS 
 2. Reference to and Effect on the Indenture. On and after the effective date of this Fourth Supplemental Indenture, each reference in the Indenture to “this Indenture,”
“hereunder,” “hereof,” or “herein” shall mean and be a reference to the Indenture as supplemented and amended by this Fourth Supplemental Indenture, unless the context otherwise requires. 

2.1 Integral Part. This Fourth Supplemental Indenture constitutes an integral part of the Indenture. 

2.2 Adoption, Ratification and Confirmation. The Indenture, as supplemented and amended by this Fourth Supplemental Indenture, is
in full force and effect and is in all respects hereby adopted, ratified and confirmed. 
 2.3 General Definitions.
Capitalized terms used but not defined herein shall have the meanings specified in the Indenture. 
 2.4 Counterparts.
This Fourth Supplemental Indenture may be executed in any number of copies or counterparts, each of which will be an original; and all such counterparts together represent the same agreement. The exchange of copies of this Fourth Supplemental
Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Fourth Supplemental Indenture as to the parties hereto and may be used in lieu of the original Fourth Supplemental Indenture
for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
 2.5 Headings. Titles of sections of this Fourth Supplemental Indenture are for convenience of reference only, are not to be considered a part of this Fourth Supplemental Indenture and will in no
way modify or restrict any of the terms or provisions hereof. 
 2.6 Severability. In case any provision of this Fourth
Supplemental Indenture is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

2.7 Benefits of Supplemental Indenture. Nothing in this Fourth Supplemental Indenture, the Indenture or the Notes, express or
implied, shall give to any Person (other than the parties hereto, any Paying Agent, any Registrar and their successors hereunder and the Holders) any benefit or any legal or equitable right, remedy or claim under this Fourth Supplemental Indenture,
the Indenture or the Notes. 

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

2.9 Notices. Any notice or communication by the Company, any Guarantor or the Trustee to the others is duly given if in writing and
delivered in person or by first class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next day delivery, to the others’ address: 

if to the Company and/or any Guarantor: 
 Appvion, Inc. 
 825 East Wisconsin Avenue 

P.O. Box 359 

Appleton, WI 54912 
 Facsimile No.: (920) 991-7256 
 Attention: Chief Financial Officer 

if to the Trustee: 
 U.S. Bank Global Corporate Trust Services 
 1555 North RiverCenter Drive Suite 203

 Milwaukee, WI 53212 
 Facsimile No.: (414) 905-5049 
 Attention: Steven F. Posto 

The Company, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for subsequent
notices or communications. 
 All notices and communications will be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after timely delivery to the courier, if sent by
overnight air courier guaranteeing next day delivery. 
 If a notice or communication is mailed in the manner provided above
within the time prescribed, it is duly given, whether or not the addressee receives it. 
 2.10 The Trustee. The Trustee
shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Fourth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantors
and the Issuer. 
 2.11 No Recourse Against Others. No director, officer, employee, shareholder or member as such, of the
Company or any of the Guarantors shall have any liability for any obligations of the Company and the Guarantors under this Fourth Supplemental Indenture, the Indenture or the Notes or for any claim based on, in respect of or by reason of such
obligations or their creation. 
 [Signature pages follow] 

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

			
	APPVION, INC.
		
	By:	 	/s/ Jeffrey J. Fletcher
	Name:	 	Jeffrey J. Fletcher
	Title:	 	Controller
	
	 PAPERWEIGHT DEVELOPMENT CORP.,
 as a Guarantor

		
	By:	 	/s/ Jeffrey J. Fletcher
	Name:	 	Jeffrey J. Fletcher
	Title:	 	Controller
	
	 ROSE HOLDINGS LIMITED,
 as a Guarantor

		
	By:	 	/s/ Thomas J. Ferree
	Name:	 	Thomas J. Ferree
	Title:	 	Director

  
 [Signature
Page to Fourth Supplemental Indenture] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,
 as Trustee

		
	By:	 	/s/ Steven F. Posto
	Name:	 	Steven F. Posto
	Title:	 	Vice President

  
 [Signature
Page to Fourth Supplemental Indenture]EX-10.29

 Exhibit 10.29 

 

					
	

	  	 KMG CHEMICALS, INC.
 9555 W.Sam Houston Parkway S., Suite 600

Houston,Texas 77099
	  	

 June 28, 2013 
 Christopher T. Fraser 
 9448 Bella Terra Drive 

Fort Worth, TX 76126 
 Dear Chris: 

You have agreed to serve (i) effective immediately until July 10, 2013, as the Executive Chairman of KMG Chemicals, Inc. (the
“Company”), with all of the powers and spending authority comparable to the CEO of the Company, and (ii) effective as of July 10, 2013, as Interim President and Chief Executive Officer of the Company during the
Company’s search for a permanent Chief Executive Officer and President. Such positions as Executive Chairman and Interim President and CEO are collectively referred to herein as the “Interim CEO”. This letter agreement (the
“Agreement”) sets forth the terms of your employment as Interim CEOs and is effective as of June 28, 2013 (the “Effective Date”). 
 1. Position. In your position as Interim CEO, you will report to the Company’s Board of Directors (the “Board”). The Interim CEO position is a full-time position with its
principal work place at the Company’s headquarters in Houston, Texas. While you render services to the Company as Interim CEO, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time)
that would create a conflict of interest with the Company; provided, however, (i) that you may continue to serve on any boards of directors or committees thereof on which you served as of the Effective Date, and (ii) you may
continue serving as an Operating Partner with Advent International, a private equity firm, pursuant to which you provide consulting advice from time to time to their portfolio companies. By signing this Agreement, you confirm to the Company that you
have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. 

2. Term. From the Effective Date, your position as Interim CEO may continue, at the latest, until the date on which a permanent
successor Chief Executive Officer is hired and commences employment with the Company (the “Interim Term”). Notwithstanding the foregoing, your employment is “at will,” and may be terminated by you or the Company at any
time, with or without cause, or with or without advance notice. Following the end of the Interim Term, you will remain on the Board as a non-employee director. 
 3. Board Service; Equity Awards. While you serve as Interim CEO, you will also continue to serve on the Board and act as its Chairman. During the Interim Term, you will not earn any non-employee
director cash retainers, equity grants or other compensation under the Company’s Director Compensation Program for your services as a director (including as Chairman); provided, however, you will continue to be granted equity
awards on the same basis, time, vesting and other conditions as non-employee directors may be granted during the Term. 

 4. Compensation and Benefits. 

 

	 	(a)	During the Interim Term, the Company will pay you a salary at the annualized rate of Four Hundred Sixty-Five Thousand Four Hundred Thirty Dollars ($465,430) per year,
payable at such times as the Company’s normal payroll. 

  

	 	(b)	During the Initial Term, except for the New Equity Awards described in Section 3 above, unless the Compensation and Development Committee of the Board otherwise
determines in its sole discretion and to the extent consistent with applicable law: 

  

	 	(i)	you will not be eligible to participate in any Company cash-based or equity-based incentive plans or programs applicable to the Company’s Executive Officers
(collectively, the “Executive Officer Plans”), including, without limitation, the annual incentive compensation program for fiscal year 2013, any performance-based restricted stock grants for fiscal year 2013 under the 2009
Long-Term Incentive Plan, or the Executive Severance Plan; and 

  

	 	(ii)	you will not be eligible to participate in any other Company compensation, severance or employee welfare benefit plan, program, agreement or policy (collectively with
the Executive Officer Plans, the “Plans.” 

  

	 	(c)	In addition, you hereby waive, relinquish and forever release the Company and the respective Plans from any and all rights to awards, payments and benefits that you may
otherwise have under the terms thereof. Without limiting the foregoing, and for the avoidance of doubt, you will not be eligible to participate in any severance plan, program or policy sponsored by the Company and you will not be eligible to receive
any severance benefits upon the termination of your services as the Interim CEO. 

 5. Expenses. During the
Interim Term, the Company will promptly reimburse you for (i) reasonable business expenses in accordance with the Company’s expense reimbursement policy as in effect from time to time, (ii) reasonable travel expenses between your
permanent residence and your office at the Company (on a weekly basis), and (iii) the rent and other associated costs incurred by you for renting a furnished two bedroom apartment located near the Company’s headquarters in Houston, Texas,
in each case, upon submission by you of receipts and other documentation as requested by the Company. Such expenses shall be subject to the approval of the Chair of the Compensation and Development Committee of the Board. The Company will make you
whole for any employment and income taxes associated with your travel and housing benefits. 
 6. Indemnification. The
Company shall indemnify you with respect to activities in connection with your employment hereunder to the fullest extent provided by applicable law and to the same extent as the Company indemnifies other Company officers or directors. You will also
be named as an insured in your capacities as Interim CEO and as director of the Company on the director and officer liability insurance policy currently maintained or as may be maintained by the Company from time to time. 

7. Required Employment Forms. You will be required, as a condition of your employment with the Company, to sign all of the
Company’s standard forms applicable to new employees. You agree and acknowledge that, as an employee of the Company, you will be subject to the Company’s policies as in effect from time to time (including, but not limited to, policies
related to ethics, insider trading, confidentiality and proprietary information) and you agree to execute any agreements as reasonably requested by the Company to acknowledge your agreement to such policies. 

  
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 8. Tax Matters. All forms of compensation referred to in this Agreement are subject
to applicable withholding and payroll taxes and other deductions required by law. 
 9. Entire Agreement. This Agreement
supersedes and replaces any prior agreements, representations or understandings (whether written, oral, implied or otherwise) between you and the Company, and constitutes the complete agreement between you and the Company, regarding your position as
Interim CEO. This Agreement may not be amended or modified, except by an express written agreement signed by both you and the Chair of the Compensation and Development Committee. 

10. Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas,
excluding laws relating to conflicts or choice of law. For any action between the parties arising out of or relating to this Agreement, each of the parties irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue
of the state and federal courts located in Harris County, Texas. 

			
	
	Very truly yours,
	
	KMG CHEMICALS, INC.
		
	By:	 	     /s/ Fred C. Leonard III

		 	Fred C. Leonard III
		 	Chair of Compensation and Development Committee

 I have read and accept this employment offer: 

 

	
	 /s/ Christopher T. Fraser

	Christopher T. Fraser

 Dated: 6-28-13 

  
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