Document:

EX-4(Z)

 

Exhibit 4(z)

Home Office: Cincinnati, Ohio

Variable Administrative Office: P.O. Box 5423, Cincinnati, Ohio 45201-5423

LOAN ENDORSEMENT

Your Certificate of Participation under the group annuity contract (your “Certificate”) is changed
as set out below to add provisions for loans:

Loan Amount and Conditions

So long as you have not commenced distribution under a payment option (or any other
systematic payment program), we may allow you to borrow an amount (the “new loan”)
not to exceed the contract value loan limit or the tax law loan limit, whichever is
less.

An application for a loan must be made on our form. We may delay granting the loan
for up to six (6) months after we receive your request for it. We may also limit
the frequency at which loans may be made and the minimum amount of a loan. We may
deny your request for a new loan if you have had any loan treated as a deemed
distribution under Section 72(p) of the Internal Revenue Code, and that loan has not
been repaid in full.

Contract Value Loan Limit

The net amount otherwise payable to you upon a full surrender of your interest in
the annuity contract must be at least one hundred ten percent (110%) of, and at
least $500 more than, the sum of the new loan and the current balance of all other
loans of yours, if any, under the annuity contract.

Tax Law Loan Limit

Pursuant to Section 72(p) of the Internal Revenue Code:

	 	1)	 	the sum of the new loan plus the highest balance of all other loans of
yours, if any, under the annuity contract and all other related retirement
plans at any time during the one (1) year period ending on the date of the new
loan, cannot exceed $50,000; and
	 
	 	2)	 	the sum of the new loan plus the current balance of all other loans of
yours, if any, under the annuity contract and all other related retirement
plans cannot exceed the greater of (i) $10,000, or (ii) one-half of the sum of
your vested benefits under the annuity contact and all other related retirement
plans.

For this purpose, a related retirement plan is a Section 403(b) tax sheltered
annuity, a Section 401 pension, profit-sharing or 401(k) plan, a Section 403(a)
annuity plan, or a governmental plan, to which the same employer has contributed.
We may require you to provide information on such other plans and loans.

 

 

Loan Term and Repayment

The principal and interest of each loan must be repaid to us within five (5) years
of the date such loan is made. This five (5) year limit will not apply to a loan of
yours used to acquire a dwelling unit that is to be used as your principal
residence. For a loan used to acquire your principal residence, the principal and
interest must be repaid to us within thirty (30) years of the date such loan is
made. Pursuant to Section 72(p) of the Internal Revenue Code, regular substantially
equal periodic payments must be made at least quarterly over the term of a loan
until fully paid. We may limit the minimum amount of the loan payments to be made
to us.

Lien — Loan Offset

A loan of yours under the annuity contract is a first lien on your interest in the
annuity contract. Your interest in the annuity contract will be the sole security
for the loan. You cannot surrender your interest in the annuity contract or
annuitize it (or begin payments under any other systematic payment program) unless
all your loans under it are paid in full. You cannot take a partial withdrawal from
your interest in the annuity contract if the current balance of all your loans under
the annuity contract would then exceed the contract value loan limit.

We may require you to hold the amount needed to secure all your loans in your Fixed
Accumulation Account. You cannot make a withdrawal or transfer from your Fixed
Accumulation Account that would reduce it below such amount. You may transfer
amounts needed to secure loans from your Subaccounts and Fixed Account guarantee
options to your Fixed Accumulation Account. If you do not do so, then we may make
such transfers on a pro rata basis.

We may pay off the loan (by treating an amount equal to the balance of the loan as
surrendered, and applying it to pay off the loan) if there is a default in
repayment. Such a surrender to pay off the loan will be taken from your Fixed
Accumulation Account to the extent possible, and then from the balance of your
interest in the contract on a pro rata basis. Such a surrender to pay off the loan
will not occur at a time when the other provisions of the annuity contract prohibit
a distribution to you. As required by federal tax law, we will continue to charge
interest on a defaulted loan until it is paid off in full even if the loan has been
treated as a deemed distribution.

If your spouse becomes the Successor Owner of your interest in the annuity contract,
he or she may continue a loan that is not in default. In all other cases, the death
benefit will be reduced to pay off any loan that is outstanding at the time of your
death.

Interest

The interest rate on a loan will not be more than eight percent (8%) per year,
unless otherwise provided under any other provision of the annuity contract covering
employee benefit plans. Any unpaid interest will be added to the loan; in effect,
then, it will be compounded and will be part of the loan.

-2-

 

This is part of your Certificate. It is not a contract. It changes the Certificate only as and to
the extent stated. In all cases of conflict with the other terms of the Certificate, the
provisions of this Endorsement shall control.

Signed for us at our office as of the date of issue.

	 	 	 
	
	 	
	MARK F. MUETHING
	 	CHARLES R. SCHEPER
	SECRETARY
	 	PRESIDENT

-3-EX-4.13

 

Exhibit 4.13

SUPPLEMENTAL INDENTURE NO. 16 (this “Supplement”), dated as of January 22, 2008 is entered
into by and among CONSTELLATION BRANDS, INC., a Delaware corporation (the “Company”), BWE,
INC., a Delaware corporation, ATLAS PEAK VINEYARDS, INC., a California corporation, BUENA VISTA
WINERY, INC., a California corporation, CLOS DU BOIS WINES, INC., a California corporation, GARY
FARRELL WINES, INC., a California corporation, PEAK WINES INTERNATIONAL, INC., a Delaware
corporation, and PLANET 10 SPIRITS, LLC, a Delaware limited liability company (collectively, the
“New Guarantors” and each individually, a “New Guarantor”), and THE BANK OF NEW
YORK TRUST COMPANY, N.A. (successor trustee to BNY Midwest Trust Company), as trustee (the
“Trustee”).

RECITALS OF THE COMPANY AND THE NEW GUARANTORS

     WHEREAS, the Company, the Guarantors and the Trustee have executed and delivered an Indenture,
dated as of February 25, 1999 (the “February 1999 Indenture”) as supplemented by a
Supplemental Indenture No. 4 dated as of May 15, 2000 with respect to the issuance by the Company
of 8 1/2% Series C Senior Notes due 2009 (the “Fourth Supplemental Indenture”); a
Supplemental Indenture No. 7 dated as of January 23, 2002 with respect to the issuance by the
Company of 8 1/8% Senior Subordinated Notes due 2012 in the aggregate principal amount of
$250,000,000 (the “Seventh Supplemental Indenture”); and any other supplements and
amendments thereto made prior to the date hereof and in effect on the date hereof (the February
1999 Indenture, the Fourth Supplemental Indenture, the Seventh Supplemental Indenture and together
with such other supplements and amendments are collectively herein referred to as the
“Indentures”);

     WHEREAS, the Guarantors guarantee, jointly and severally, the full and punctual payment and
performance when due of all Indenture Obligations;

     WHEREAS, pursuant to (i) Section 4.15 of the Fourth Supplemental Indenture and (ii) Section
3.10 of the Seventh Supplemental Indenture, the New Guarantors are obligated to enter into this
Supplement thereby guaranteeing the punctual payment and performance when due of all Indenture
Obligations;

     WHEREAS, pursuant to (i) Section 8.01 of the Fourth Supplemental Indenture and (ii) Section
11.1 of the Seventh Supplemental Indenture, the Company, the New Guarantors and the Trustee may
enter into this Supplement without the consent of any Holder;

     WHEREAS, the execution and delivery of this Supplement have been duly authorized by Board
Resolutions of the respective Boards of Directors of the Company and New Guarantors; and

     WHEREAS, all conditions and requirements necessary to make the Supplement valid and binding
upon the Company and the New Guarantors, and enforceable against the Company and New Guarantors in
accordance with its terms, have been performed and fulfilled.

 

 

-2-

     NOW, THEREFORE, in consideration of the above premises, each of the parties hereto agrees, for
the benefit of the others and for the equal and proportionate benefit of the Holders of the Notes,
as follows:

ARTICLE ONE

THE NEW GUARANTEE

     Section 1.01. For value received, each New Guarantor hereby absolutely, unconditionally and
irrevocably guarantees (the “New Guarantee”), jointly and severally among itself and the
Guarantors, to the Trustee and the Holders, as if such New Guarantor was the principal debtor, the
punctual payment and performance when due of all Indenture Obligations (which for purposes of the
New Guarantee shall also be deemed to include all commissions, fees, charges, costs and other
expenses (including reasonable legal fees and disbursements of one counsel) arising out of or
incurred by the Trustee or the Holders in connection with the enforcement of this New Guarantee).
The agreements made and obligations assumed hereunder by each New Guarantor shall constitute and
shall be deemed to constitute a Guarantee under the Indentures and for all purposes of the
Indentures, and such New Guarantor shall be considered a Guarantor for all purposes of the
Indentures as if such New Guarantor was originally named therein as a Guarantor.

     Section 1.02. The New Guarantee shall be released upon the occurrence of the events as
provided in the Indentures.

     Section 1.03. In accordance with the terms of the Indentures, each New Guarantor hereby
waives all rights of subrogation or contribution arising by reason of any payment by it pursuant to
its Guarantee under the Indentures.

ARTICLE TWO

MISCELLANEOUS

     Section 2.01. Except as otherwise expressly provided or unless the context otherwise requires,
all terms used herein which are defined in the Indentures shall have the meanings assigned to them
in the Indentures. Except as supplemented hereby, the Indentures (including the Guarantees
incorporated therein) and the notes issued pursuant thereto are in all respects ratified and
confirmed and all the terms and provisions thereof shall remain in full force and effect.

     Section 2.02. This Supplement shall be effective as of the close of business on January 22,
2008.

     Section 2.03. The recitals contained herein shall be taken as the statements of the Company
and the New Guarantors, and the Trustee assumes no responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Supplement.

 

-3-

     Section 2.04. This Supplement shall be governed by and construed in accordance with the laws
of the jurisdiction which govern the Indentures and their construction.

     Section 2.05. This Supplement may be executed in any number of counterparts each of which
shall be an original, but such counterparts shall together constitute but one and the same
instrument.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly executed and
attested all as of the day and year first above written.

	 	 	 	 	 
	 	CONSTELLATION BRANDS, INC.

 	 
	 	By:  	/s/ Thomas D. Roberts 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Senior Vice President and Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Vice President, Associate General
Counsel 
and Assistant Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BWE, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	ATLAS PEAK VINEYARDS, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	BUENA VISTA WINERY, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	CLOS DU BOIS WINES, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GARY FARRELL WINES, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 
	 

	 	 	 	 	 
	 	PEAK WINES INTERNATIONAL, INC.

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 

	 	 	 	 	 

	 	 	 	 	 
	 	PLANET 10 SPIRITS, LLC

 	 
	 	By:  	/s/  Thomas D. Roberts
 	 
	 	 	Name:  	Thomas D. Roberts 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

	 	 	 	 	 
	 	Attest:

 	 
	 	/s/ Barbara J. LaVerdi
 	 
	 	Name:  	Barbara J. LaVerdi 	 
	 	Title:  	Assistant Secretary 	 

 

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.

 	 
	 	By:  	/s/ D. G. Donovan
 	 
	 	 	Name:  	D. G. Donovan 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	Attest:

 	 
	/s/  M. Callahan
 	 	 	 
	Name:  	M. Callahan 	 	 
	Title:  	Vice President

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