Document:

<PAGE>
                                                                    EXHIBIT 10.7

                              Dated 25th April 2002

              BRIGHTPOINT INTERNATIONAL (ASIA PACIFIC) PTE. LIMITED

                                       AND

                        CHINATRON GROUP HOLDINGS LIMITED

                       ----------------------------------
                            SECOND AMENDING AGREEMENT
                                 IN RELATION TO
                           SALE AND PURCHASE AGREEMENT
                       FOR UP TO 80% OF THE SHARE CAPITAL
                          OF BRIGHTPOINT CHINA LIMITED
                             DATED 2ND OCTOBER 2001
                       ----------------------------------

                         [JOHNSON STOKES & MASTER LOGO]

<PAGE>
THIS AGREEMENT is made on 25th April 2002

BETWEEN

(1)  BRIGHTPOINT INTERNATIONAL (ASIA PACIFIC) PTE. LIMITED, a company
     incorporated in Singapore and having its registered office at Donaldson &
     Burkinshaw, 24 Raffles Place #15-00, Clifford Centre, Singapore 048621 (the
     "VENDOR"); and

(2)  CHINATRON GROUP HOLDINGS LIMITED, a company incorporated in Hong Kong and
     having its registered office at Suite 805, Nine Queen's Road, Central, Hong
     Kong (the "PURCHASER").

BACKGROUND

(A)  Pursuant to a sale and purchase agreement for up to 80% of the share
     capital of Brightpoint China Limited (the "COMPANY") dated 2nd October 2001
     and made between the parties hereto (the "SALE AND PURCHASE AGREEMENT") (as
     amended by an amending agreement dated 18th January 2002 (the "FIRST
     AMENDING AGREEMENT")), the Vendor agreed to sell and the Purchaser agreed
     to purchase the Sale Shares (being 5,000 Shares and representing 50% of the
     entire issued share capital of the Company). Completion of the sale and
     purchase of the Sale Shares took place on 18th January 2002.

(B)  In addition, and also pursuant to the Sale and Purchase Agreement, the
     Vendor granted to the Purchaser an option to purchase the Option Shares
     (being 3,000 Shares) and any additional bonus Shares (to which the Vendor
     may become entitled by reason of being the holder of the Option Shares).

(C)  Immediately prior to the signing of this Agreement, one additional Share
     was issued to the Vendor to reflect a capital contribution of HK$98,660,452
     made by the Vendor to the Company.

(D)  The Vendor and Purchaser have now agreed that the definition of "Option
     Shares", "Exercise Price" and "Option Preference Shares" be deleted and
     replaced with revised definitions of "Amended Option Shares", "Amended
     Exercise Price" and "Amended Option Preference Shares" (respectively) and
     that the option (as amended) contained in Clause 8.1 of the Agreement be
     exercised immediately following signing of this Agreement to the intent and
     effect that (i) the Purchaser shall be the owner of the entire share
     capital of the Company (ii) the Vendor shall be issued an enhanced number
     of fully paid Class B Preference Shares of par value US$0.01 each in the
     capital of the Purchaser and (iii) Option Completion shall take effect
     immediately following the signing of this Agreement, without the need for
     the Vendor to serve an Exercise Notice.

BY WHICH IT IS AGREED as follows:-

                                                                          Page 1
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1.   Terms and expressions used in this Agreement (including the Recitals)
     shall, unless inconsistent with the context, amended by this Agreement or
     otherwise specifically defined, have the same meanings as used in the Sale
     and Purchase Agreement.

2.   The definitions of "Exercise Price", "Option Preference Shares" and "Option
     Shares" shall be deleted from clause 1.1 of the Sale and Purchase Agreement
     and replaced by the following:-
     <TABLE>
     <S>                                 <C>
     ""Amended Exercise Price"           US$11,000,000 to be satisfied by the
                                         issue of the Amended Option Preference
                                         Shares;

     "Amended Option Preference          fully paid Class B Preference Shares
     Shares"                             of par value US$0.01 each in the capital
                                         of the Purchaser which will, at the date
                                         of their issue, have a redemption value
                                         (exclusive of redemption premium) of
                                         US$11,000,000 and would convert into 11%
                                         of the fully diluted capital of the Purchaser
                                         at the date of issue, to be issued by the
                                         Purchaser on the same terms as the
                                         Consideration Preference Shares;

     "Amended Option Shares"             5,001 Shares;"
     </TABLE>

     and any references in the Sale and Purchase Agreement to "Exercise Price",
     "Option Preference Shares" and "Option Shares" shall be construed as
     references to "Amended Exercise Price", "Amended Option Preference Shares"
     and "Amended Option Shares" accordingly.

3.   The following definitions shall be inserted into clause 1.1 of the Sale and
     Purchase Agreement:-

     <TABLE>
     <S>                                 <C>
     ""Brightpoint China                 the shareholders agreement dated 18th
     Shareholders' Agreement"            January 2002 and made between (1) the Vendor,
                                         (2) the Purchaser and (3) the Company;

     "Liability Sharing                  the liability sharing agreement dated 18th
     Agreement"                          January 2002 and made between (1) the Vendor,
                                         (2) the Purchaser, (3) Argo II: The Wireless-Internet
                                         Fund Limited Partnership, (4) Techtronic Holdings
                                         Limited, (5) John Michael Maclean-Arnott and (6) Leung
                                         Chi Kong, Eric;

     "License Agreement"                 the license agreement dated 18th January 2002 and
                                         made between (1) Brightpoint, Inc. and (2) the Company;"
     </TABLE>

4.   An Exercise Notice shall be deemed to have been given by the Purchaser and
     accepted by the Vendor and Option Completion shall occur immediately
     following signature of this Agreement.

                                                                          Page 2
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5.   Clause 8.2 of the Sale and Purchase Agreement (which was amended by the
     First Amending Agreement) shall be deleted and replaced by the following
     clause 8.2:-

     "8.2 The Vendor shall on exercise of the Option sell the Amended Option
          Shares and the Purchaser shall purchase the Amended Option Shares,
          free from all rights of pre-emption, options, liens, claims, equities,
          charges, mortgages, pledges and encumbrances or third party rights of
          whatsoever nature and with all rights attached, accrued or accruing or
          becoming attached thereto on and after date of such exercise at the
          Amended Exercise Price, payable not in cash but instead by the issue
          of the Amended Option Preference Shares upon Option Completion."

6.   Clause 8.6 of the Sale and Purchase Agreement shall be amended by inserting
     the additional following sub-clauses:-

     "(d) to the extent not completed prior to this Agreement, the Vendor shall
          subscribe for, and the parties shall procure that the Company shall
          issue, one Share to the Vendor in return for the capital contribution
          of an amount of HK$98,660,452 previously advanced by the Vendor to the
          Company;

     (e)  the Vendor shall deliver to the Purchaser letters of resignations of
          the Vendor appointed directors and letters of resignation of the
          secretary, and other officers of each of the Company and the
          Subsidiaries in each case acknowledging that they have no outstanding
          claims whether for compensation for loss of office or otherwise
          howsoever;

     (f)  the Vendor shall deliver to the Purchaser, in respect of each of the
          Subsidiaries[, share certificates in respect of all issued shares
          together with instruments of transfer and declarations of trust (duly
          stamped, where appropriate) in respect of any shares which are held by
          nominees;] and in respect of the Company and each of the Subsidiaries
          the statutory and minutes books (which shall be written up to but not
          including the date of Option Completion), share certificate books;
          common seal, certificate of incorporation, business registration
          certificate, together with copies of the memorandum and articles of
          association, cheque books, books of account (all complete and written
          up to Option Completion), copies of all tax return(s) filed and
          related correspondence (if any), all contracts (if any) to which the
          Company and any Subsidiary is a party and all other documents and
          records of the Company and the Subsidiaries;

     (g)  the Vendor and the Purchaser shall enter into an agreement with each
          other and with the Company terminating the Brightpoint China
          Shareholders' Agreement (and they shall procure that the Company shall
          also enter into such agreement);

     (h)  the Vendor and the Purchaser shall enter into an agreement with each
          other and with the other parties terminating the Liability Sharing
          Agreement (and the Purchaser shall procure that all other parties
          shall also enter into such agreement);

                                                                          Page 3
<PAGE>

     (i)  the Purchaser shall procure that replacement facilities be provided in
          respect of the Company so as to allow a release and withdrawal of and
          shall return to the Vendor at Option Completion (i) the standby letter
          of credit provided by ABN AMRO Bank Amsterdam (procured by the Vendor
          and referred to in Part A of Schedule 1 to the Liability Sharing
          Agreement); and (ii) the standby letter of credit provided by ABN AMRO
          Bank N.V. (procured by the Vendor and referred to in Part B of
          Schedule 2 to the Liability Sharing Agreement);

     (j)  the Vendor shall procure that Brightpoint, Inc. shall enter into, and
          the Vendor and the Purchaser shall procure that the Company shall
          enter into, an agreement terminating the License Agreement.

7.   A new clause 8.7 shall be inserted into the Sale and Purchase Agreement as
     follows:-

     "8.7 The Vendor and the Purchaser shall procure a board meeting to be held
          of the Company and each of the Subsidiaries at which resolutions shall
          be passed (where appropriate):-

          (a)  to approve and give effect to all of the matters referred to
               above;

          (b)  to approve the Purchaser and its nominees for registration as the
               holders of the Amended Option Shares or in respect of any shares
               in any of the Subsidiaries held by nominees;

          (c)  to accept the resignation of the directors, secretary and other
               officers referred to in Clause 8.6(a) above and to appoint as new
               directors and secretary of the Company and the Subsidiaries, such
               persons as the Purchaser may require, all with effect from the
               close of business of the relevant meeting;

          (d)  to change the authorised signatories of the Company and each of
               the Subsidiaries to operate their bank accounts and otherwise
               conduct their business as the Purchaser may require; and

          (e)  to deal with and resolve upon such other matters as the Purchaser
               shall reasonably require for the purposes of giving effect to the
               provisions of this Agreement."

8.   The Sale and Purchase Agreement as amended by this Agreement and the First
     Amending Agreement shall continue in full force and effect.

9.   This Agreement may be executed by the parties hereto in separate
     counterparts, each of which when so executed and delivered shall be an
     original and such counterparts together shall constitute one and the same
     instrument.

10.  This Agreement is governed by and shall be construed in accordance with the
     laws of Hong Kong.

                                                                          Page 4
<PAGE>
EXECUTED  by the parties:

SIGNED for and on behalf of                      )      /s/Steven E. Fivel
BRIGHTPOINT INTERNATIONAL                        )      Steven E. Fivel
(ASIA PACIFIC) PTE. LIMITED                      )      Director

Witnessed by:

--------------------------
Name:
Title:

SIGNED for and on behalf of                      )      /s/ John Maclean-Arnott
CHINATRON GROUP HOLDINGS                         )
LIMITED                                          )

Witnessed by:

--------------------------
Name:
Title:

                                                                          Page 5<PAGE>

                                                                     EXHIBIT 4.9

                                                                  EXECUTION COPY

================================================================================

                          SECOND SUPPLEMENTAL INDENTURE

                            Dated as of July 9, 2002

                                       to

                                    INDENTURE

                           Dated as of March 29, 2000

                                      Among

                 SOVEREIGN SPECIALTY CHEMICALS, INC., as Issuer

                   THE GUARANTORS PARTY THERETO, as Guarantors

                                       and

                        THE BANK OF NEW YORK, as Trustee

                                   ----------

                               up to $200,000,000

              11-7/8% Senior Subordinated Notes Due 2010, Series A

              11-7/8% Senior Subordinated Notes Due 2010, Series B

================================================================================

<PAGE>

         SECOND SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as
of July 9, 2002, by and among SOVEREIGN SPECIALTY CHEMICALS, INC., a Delaware
corporation (the "Company"), the guarantors party hereto and THE BANK OF NEW
YORK, a New York banking corporation, as Trustee (the "Trustee").

                              W I T N E S S E T H:

                  WHEREAS, pursuant to the terms of the Indenture, dated as of
March 29, 2000, as supplemented by the First Supplemental Indenture, dated March
22, 2001 (as so supplemented, the "Indenture"), among the Company, the
guarantors party thereto and the Trustee, the Company has issued $150,000,000
aggregate principal amount of its 11-7/8 % Senior Subordinated Notes due 2010,
Series A and 11-7/8% Senior Subordinated Notes due 2010, Series B and may issue
up to an aggregate principal amount of $200,000,000 of notes under the Indenture
(all such notes under the Indenture are "Notes");

                  WHEREAS, pursuant to Articles Eleven and Twelve of the
Indenture, each Guarantor unconditionally guaranteed (these guaranties together
with the Notes, are the "Securities") the Company's obligations under the Notes
and the Indenture in accordance with the terms sets forth therein;

                  WHEREAS, each of Sovereign Adhesives, Inc., a Delaware
corporation ("Sovereign Adhesives") and Pierce & Stevens Corp., a New York
corporation are Guarantors;

                  WHEREAS, Pierce & Stevens Corp. has changed its name to
Sovereign Packaging Group, Inc. ("SPGI");

                  WHEREAS, Sovereign Adhesives, Inc. is to be merged with and
into SPGI on the date of this Supplemental Indenture (the "Merger"), with SPGI
being the surviving corporation (the "Surviving Corporation");

                  WHEREAS, Section 5.01.(b) of the Indenture requires that the
Surviving Corporation expressly assumes by a supplemental indenture all the
obligations of Sovereign Adhesives under its Guaranty of the Notes and the
performance and observance of every covenant under the Indenture and, if any,
the Registration Rights Agreement to be performed by Sovereign Adhesives.

                  NOW, THEREFORE, in consideration of the premises, the parties
hereto agree as follows:

                  SECTION 1. Definitions. All capitalized terms used but not
defined herein shall have the respective meanings ascribed thereto in the
Indenture.

                  SECTION 2. Assumption of Guarantee and Indenture Obligations.
The Surviving Corporation hereby assumes all of Sovereign Adhesives' obligations
under its Guaranty of the Notes and the performance and observance of every
covenant of the Indenture and, if any, the Registration Rights Agreement to be
performed or observed by such Guarantor.

<PAGE>

                  SECTION 3. Ratification of Indenture; Supplemental Indentures
Part of Indenture. Except as expressly amended hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect. Upon the execution and delivery
of this Supplemental Indenture by the Company, the Guarantors and the Trustee,
this Supplemental Indenture shall form a part of the Indenture for all purposes,
and every holder of Securities heretofore or hereafter authenticated and
delivered shall be bound hereby. Any and all references, whether within the
Indenture or in any notice, certificate or other instrument or document, shall
be deemed to include a reference to this Supplemental Indenture (whether or not
made), unless the context shall otherwise require.

                  SECTION 4. Governing Law. THE LAWS OF THE STATE OF NEW YORK
SHALL GOVERN THIS SUPPLEMENTAL INDENTURE WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW (OTHER THAN NEW YORK GENERAL OBLIGATION LAW SECTIONS 5-1401 AND
5-1402).

                  SECTION 5. Trust Indenture Act Controls. This Supplemental
Indenture is subject to the provisions of the Trust Indenture Act of 1939 (15
U.S. Code Sections 77aaa-77bbbb) ("TIA") that are required to be a part of this
Supplemental Indenture, and shall, to the extent applicable, be governed by such
provisions. If any provision of this Supplemental Indenture modifies any TIA
provision that may be so modified, such TIA provision shall be deemed to apply
to this Supplemental Indenture as so modified. If any provision of this
Supplemental Indenture excludes any TIA provision that may be so excluded, such
TIA provision shall be excluded from this Supplemental Indenture. The provisions
of TIA Sections 310 through 317 that impose duties on any Person (including the
provisions automatically deemed included unless expressly excluded by this
Supplemental Indenture) are a part of and govern this Supplemental Indenture,
whether or not physically contained herein.

                  SECTION 6. Recitals. The recitals contained herein shall be
taken as the statements of the Company and the Surviving Corporation, and the
Trustee assumes no responsibility for their correctness. The Trustee makes no
representations as to the validity or sufficiency of this Supplemental
Indenture.

                  SECTION 7. 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.

                  SECTION 8. Effectiveness. This Supplemental Indenture shall be
effective and operative concurrently with the completion of the Merger.

                            [SIGNATURE PAGE FOLLOWS]

<PAGE>

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

                                         SOVEREIGN SPECIALTY
                                         CHEMICALS, INC.,
                                         as Issuer

                                         By:   /s/ Robert B. Covalt
                                            -----------------------------------
                                             Name:     Robert B. Covalt
                                             Title:    Chairman

                                         SIA ADHESIVES, INC.,
                                         OSI SEALANTS, INC.,
                                         TANNER CHEMICALS, INC.,
                                         SOVEREIGN ADHESIVES, INC.,
                                         IMPERIAL ADHESIVES, INC.,
                                         as Guarantors

                                         By:    /s/ Robert B. Covalt
                                            -----------------------------------
                                             Name:     Robert B. Covalt
                                             Title:    Chairman

                                         SOVEREIGN HOLDINGS, LLC,
                                         SOVEREIGN LATIN AMERICA, LLC,
                                         as Guarantors

                                         By:   /s/ Robert B. Covalt
                                            ---------------------------------
                                             Name:     Robert B. Covalt
                                             Title:    Chairman

                                         SOVEREIGN PACKAGING GROUP, INC.
                                         (formerly known as Pierce & Stevens
                                         Corp.),
                                         as Surviving Corporation and Guarantor

                                         By:    /s/ Robert B. Covalt
                                            ----------------------------------
                                             Name:     Robert B. Covalt
                                             Title:    Chairman

<PAGE>

                                         THE BANK OF NEW YORK,
                                         as Trustee

                                         By:     /s/ Mary LaGumina
                                            --------------------------------
                                             Name:     Mary LaGumina
                                             Title:    Vice President

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