Document:

Exhibit
4.8

SEVENTH
SUPPLEMENTAL INDENTURE

dated as of April
27, 2006

to the

INDENTURE

dated as of
February 5, 2003

among

CASCADES INC.,

as the Company,

THE SUBSIDIARY
GUARANTORS named therein, and

THE BANK OF NEW
YORK,

as Trustee,

as amended

 

SEVENTH
SUPPLEMENTAL INDENTURE (this “Seventh Supplemental
Indenture”), dated as of April 27, 2006, among CASCADES INC. (the “Company”) and Cascades Boxboard Group — Connecticut LLC (the
“New Subsidiary Guarantor”), the existing
Subsidiary Guarantors under the Indenture referred to below (the “Existing Subsidiary Guarantors”), and THE BANK OF NEW YORK,
a New York banking corporation, as trustee under the Indenture referred to
below (the “Trustee”).

W I T N E S S E T
H :

WHEREAS, the
Company has heretofore executed and delivered to the Trustee an indenture,
dated as of February 5, 2003, as amended by the First Supplemental Indenture,
dated as of May 20, 2003, the Second Supplemental Indenture, dated as of
December 30, 2003, the Third Supplemental Indenture, dated as of March 16,
2004, the Fourth Supplemental Indenture, dated as of July 8,  2004, the Fifth Supplemental
Indenture, dated as of August 26, 2004, and the Sixth Supplemental Indenture,
dated as of November 30, 2004 (as so amended, the “Indenture”),
providing for the issuance of the Company’s 71⁄4% Senior Notes due 2013 (the “Notes”);

WHEREAS, the
Company has issued and outstanding $675,000,000 of Notes under the Indenture;

WHEREAS, Section
4.19(a) of the Indenture provides that the Company shall cause each of its
Canadian and U.S. Restricted Subsidiaries to execute and deliver to the Trustee
Subsidiary Guarantees;

WHEREAS, the New
Subsidiary Guarantor is a U.S. Restricted Subsidiaries of the Company;

WHEREAS, Section
9.01 of the Indenture provides that the Company and the Trustee may amend or
supplement the Indenture without the consent of any holder of a Note to add
additional Subsidiary Guarantees with respect to the Notes as provided or
permitted under the Indenture; and

WHEREAS, pursuant
to Sections 4.19(a), 9.01, 9.06 and 10.03 of the Indenture, the Trustee, the
Company, the Existing Subsidiary Guarantors and the New Subsidiary Guarantor
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 Company, the Existing
Subsidiary Guarantors, the New Subsidiary Guarantor, and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders of the
Notes as follows:

1.             Definitions. (a) Capitalized
terms used herein without definition shall have the meanings assigned to them
in the Indenture.

(b)  For all
purposes of this Seventh Supplemental Indenture, except as otherwise herein
expressly provided or unless the context otherwise requires:  (i) the terms and expressions 

 2
 

used herein shall have
the same meanings as corresponding terms and expressions used in the Indenture;
and (ii) the words “herein,” “hereof” and “hereby” and other words of similar
import used in this Seventh Supplemental Indenture refer to this Seventh
Supplemental Indenture as a whole and not to any particular section hereof.

2.             Agreement to Guarantee.  The New Subsidiary Guarantor hereby agrees,
jointly and severally with all other Subsidiary Guarantors, to guarantee the
Company’s obligations under the Notes on the terms and subject to the
conditions set forth in Article 10 of the Indenture and to be bound by all
other applicable provisions of the Indenture. 
From and after the date hereof, the New Subsidiary Guarantor shall be a
Subsidiary Guarantor for all purposes under the Indenture and the Notes.

3.             Ratification of Indenture;
Seventh Supplemental Indenture 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.  This Seventh Supplemental Indenture shall
form a part of the Indenture for all purposes, and every Holder of Notes
heretofore or hereafter authenticated and delivered shall be bound hereby.

4.             Miscellaneous.

4.1          Governing Law.  THIS SEVENTH SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK BUT 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.

4.2          Trustee Makes No Representation.  The Trustee makes no representation as to the
validity or sufficiency of this Seventh Supplemental Indenture, or for or in
respect of the recitals contained herein.

4.3          Counterparts.  The parties may sign any number of copies of
this Seventh Supplemental Indenture. 
Each signed copy shall be an original, but all of them together
represent the same agreement.

4.4          Effect of Headings.  The Article and Section headings herein are
for convenience only and shall not affect the construction thereof.

4.5          Conflict with TIA.  If any provision of this Seventh Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA, that is
required under the TIA to be part of and govern any provision of this Seventh
Supplemental Indenture, the provision of the TIA shall control.  If any provision of this Seventh Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified
or excluded, the provisions of the TIA shall be deemed to apply to the
Indenture as so modified or to be excluded by this Seventh Supplemental
Indenture, as the case may be.

 3
 

4.6          Severability.  In case any provision of this Seventh
Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

4.7          No Third Party Beneficiaries.  Nothing in this Seventh Supplemental
Indenture, the Indenture, or the Notes, express or implied, shall give to any
Person, other than the parties hereto and thereto and their successors
hereunder and thereunder, and the Holders of the Notes, any benefit of any
legal or equitable right, remedy or claim under the Indenture, this Seventh
Supplemental Indenture or the Notes.

[remainder
of page left intentionally blank]

 4
 

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

	
  

  	
  Company:

  
	
   

  	
   

  	
   

  
	
   

  	
  CASCADES INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert F. Hall

  
	
   

  	
   

  	
  Name:

  	
  Robert F. Hall

  
	
   

  	
   

  	
  Title:

  	
  Vice President, Legal Affairs and 

  
	
   

  	
   

  	
   

  	
  Corporate Secretary 

  
	
   

  	
   

  	
   

  
	
   

  	
  New Subsidiary Guarantor:

  
	
   

  	
   

  	
   

  
	
   

  	
  CASCADES BOXBOARD GROUP — CONNECTICUT LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Eric Laflamme

  
	
   

  	
   

  	
  Name:

  	
  Eric Laflamme

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

 5
 

 

	
  

  	
  Existing Subsidiary Guarantors:

  
	
   

  	
   

  
	
   

  	
  CASCADES BOXBOARD GROUP INC.

  
	
   

  	
  CASCADES BOXBOARD U.S., INC.

  
	
   

  	
  CASCADES CANADA INC.

  
	
   

  	
  CASCADES DIAMOND, INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP THUNDER BAY INC.

  
	
   

  	
  CASCADES NOVA
  SCOTIA COMPANY

  
	
   

  	
  CASCADES
  TRANSPORT INC.

  
	
   

  	
  CONFERENCE CUP
  LTD.

  
	
   

  	
  DOPACO, INC.

  
	
   

  	
  DOPACO CANADA,
  INC.

  
	
   

  	
  GARVEN
  INCORPORATED

  
	
   

  	
  KINGSEY FALLS
  INVESTMENTS INC.

  
	
   

  	
  RABOTAGE LEMAY
  INC.

  
	
   

  	
  SCIERIE LEMAY
  INC.

  
	
   

  	
  CASCADES TISSUE
  GROUP — PICKERING INC.

  
	
   

  	
  3815285 CANADA
  INC.

  
	
   

  	
  3815315 CANADA
  INC.

  
	
   

  	
  6265642 CANADA
  INC.

  

 

	
  

  	
  By:

  	
  /s/ Robert F. Hall

  
	
   

  	
   

  	
  Name:

  	
  Robert F. Hall

  
	
   

  	
   

  	
  Title:

  	
  Secretary or Assistant Secretary

  

 

	
  

  	
  CASCADES AUBURN FIBER INC.

  
	
   

  	
  CASCADES DELAWARE LLC

  
	
   

  	
  CASCADES FINE PAPERS GROUP (SALES) INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP (USA) INC.

  
	
   

  	
  CASCADES MOULDED PULP, INC.

  
	
   

  	
  CASCADES PLASTICS INC.

  
	
   

  	
  CASCADES TISSUE GROUP - ARIZONA INC.

  
	
   

  	
  CASCADES TISSUE GROUP - IFC DISPOSABLES INC.

  
	
   

  	
  CASCADES TISSUE GROUP - NEW YORK INC.

  
	
   

  	
  CASCADES TISSUE GROUP - NORTH CAROLINA INC.

  
	
   

  	
  CASCADES TISSUE GROUP - OREGON INC.

  
	
   

  	
  CASCADES TISSUE GROUP - PENNSYLVANIA INC.

  
	
   

  	
  CASCADES TISSUE GROUP - SALES INC.

  

 

 6
 

 

	
  

  	
  CASCADES TISSUE GROUP - TENNESSEE INC.

  
	
   

  	
  CASCADES TISSUE GROUP - WISCONSIN INC.

  
	
   

  	
  CASCADES USA INC.

  
	
   

  	
  W.H. SMITH PAPER CORPORATION

  

 

	
  

  	
  By:

  	
  /s/ Nathalie Théberge

  
	
   

  	
   

  	
  Name:

  	
  Nathalie Théberge

  
	
   

  	
   

  	
  Title:

  	
  Assistant Secretary

  

 

	
  

  	
  DOPACO LIMITED PARTNERSHIP

  
	
   

  	
  DOPACO PACIFIC LLC

  

 

	
  

  	
  By:

  	
  /s/ Lois A. Meeth

  
	
   

  	
   

  	
  Name:

  	
  Lois A. Meeth

  
	
   

  	
   

  	
  Title:

  	
  Secretary for Dopaco Pacific LLC and  

  
	
   

  	
   

  	
  Secretaryfor Dopaco Pacific LLC, the General

  Partner of Dopaco Limited Partnership

  

 

 7
 

 

	
  

  	
  Trustee:

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stanislav Pertsev

  
	
   

  	
   

  	
  Name:

  	
  Stanislav Pertsev

  
	
   

  	
   

  	
  Title:

  	
  Assistant Treasurer

  

 

 8Exhibit
4.9

EIGHTH SUPPLEMENTAL INDENTURE

dated as of September 20, 2006

to the

INDENTURE

dated as of February 5, 2003

among

CASCADES INC.,

as the Company,

THE SUBSIDIARY GUARANTORS named therein, and

THE BANK OF NEW YORK,

as Trustee,

as amended

 

EIGHTH SUPPLEMENTAL
INDENTURE (this “Eighth Supplemental Indenture”),
dated as of September 20, 2006, among CASCADES INC. (the “Company”)
and Cascades Tissue Group — Maryland LLC (the “New
Subsidiary Guarantor”), the existing Subsidiary Guarantors under the
Indenture referred to below (the “Existing Subsidiary
Guarantors”), and THE BANK OF NEW YORK, a New York banking
corporation, as trustee under the Indenture referred to below (the “Trustee”).

W I T N E S S E T
H :

WHEREAS, the Company has
heretofore executed and delivered to the Trustee an indenture, dated as of
February 5, 2003, as amended by the First Supplemental Indenture, dated as of
May 20, 2003, the Second Supplemental Indenture, dated as of December 30, 2003,
the Third Supplemental Indenture, dated as of March 16, 2004, the Fourth
Supplemental Indenture, dated as of July 8,  2004, the Fifth Supplemental Indenture,
dated as of August 26, 2004, the Sixth Supplemental Indenture, dated as of
November 30, 2004, and the Seventh Supplemental Indenture, dated as of April
27, 2006 (as so amended, the “Indenture”),
providing for the issuance of the Company’s 71⁄4% Senior Notes due 2013 (the “Notes”);

WHEREAS, the Company has
issued and outstanding $675,000,000 of Notes under the Indenture;

WHEREAS, Section 4.19(a) of the Indenture provides
that the Company shall cause each of its Canadian and U.S. Restricted
Subsidiaries to execute and deliver to the Trustee Subsidiary Guarantees;

WHEREAS, the New
Subsidiary Guarantor is a U.S. Restricted Subsidiary of the Company;

WHEREAS, Section 9.01 of
the Indenture provides that the Company and the Trustee may amend or supplement
the Indenture without the consent of any holder of a Note to add additional
Subsidiary Guarantees with respect to the Notes as provided or permitted under
the Indenture; and

WHEREAS, pursuant to
Sections 4.19(a), 9.01, 9.06 and 10.03 of the Indenture, the Trustee, the
Company, the Existing Subsidiary Guarantors and the New Subsidiary Guarantor
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 Company, the Existing
Subsidiary Guarantors, the New Subsidiary Guarantor, and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders of the
Notes as follows:

1.                                       Definitions.
(a) Capitalized terms used herein without definition shall have the meanings
assigned to them in the Indenture.

(b)  For all
purposes of this Eighth Supplemental Indenture, except as otherwise herein
expressly provided or unless the context otherwise requires:  (i) the terms and expressions 

 2
 

used herein shall have
the same meanings as corresponding terms and expressions used in the Indenture;
and (ii) the words “herein,” “hereof” and “hereby” and other words of similar
import used in this Eighth Supplemental Indenture refer to this Eighth
Supplemental Indenture as a whole and not to any particular section hereof.

2.                                       Agreement
to Guarantee.  The New Subsidiary
Guarantor hereby agrees, jointly and severally with all other Subsidiary
Guarantors, to guarantee the Company’s obligations under the Notes on the terms
and subject to the conditions set forth in Article 10 of the Indenture and to
be bound by all other applicable provisions of the Indenture.  From and after the date hereof, the New
Subsidiary Guarantor shall be a Subsidiary Guarantor for all purposes under the
Indenture and the Notes.

3.                                       Ratification
of Indenture; Eighth Supplemental Indenture 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.  This Eighth Supplemental Indenture shall form
a part of the Indenture for all purposes, and every Holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby.

4.                                       Miscellaneous.

4.1                                 Governing
Law.  THIS EIGHTH SUPPLEMENTAL
INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK BUT 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.

4.2                                 Trustee
Makes No Representation.  The Trustee
makes no representation as to the validity or sufficiency of this Eighth
Supplemental Indenture, or for or in respect of the recitals contained herein.

4.3                                 Counterparts.  The parties may sign any number of copies of
this Eighth Supplemental Indenture.  Each
signed copy shall be an original, but all of them together represent the same
agreement.

4.4                                 Effect
of Headings.  The Article and Section
headings herein are for convenience only and shall not affect the construction
thereof.

4.5           Conflict with TIA.  If any provision of this Eighth Supplemental
Indenture limits, qualifies or conflicts with any provision of the TIA, that is
required under the TIA to be part of and govern any provision of this Eighth
Supplemental Indenture, the provision of the TIA shall control.  If any provision of this Eighth Supplemental
Indenture modifies or excludes any provision of the TIA that may be so modified
or excluded, the provisions of the TIA shall be deemed to apply to the Indenture
as so modified or to be excluded by this Eighth Supplemental Indenture, as the
case may be.

 3
 

4.6                                 Severability.  In case any provision of this Eighth
Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby.

4.7                                 No
Third Party Beneficiaries.  Nothing
in this Eighth Supplemental Indenture, the Indenture, or the Notes, express or
implied, shall give to any Person, other than the parties hereto and thereto
and their successors hereunder and thereunder, and the Holders of the Notes,
any benefit of any legal or equitable right, remedy or claim under the
Indenture, this Eighth Supplemental Indenture or the Notes.

[remainder of page left intentionally blank]

 4
 

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

 

	
  

  	
  Company:

  
	
   

  	
   

  
	
   

  	
  CASCADES INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Robert F. Hall

  
	
   

  	
   

  	
  Name:

  	
  Robert F. Hall

  
	
   

  	
   

  	
  Title:

  	
  Vice President, Legal Affairs and 

  
	
   

  	
   

  	
   

  	
  Corporate Secretary 

  

 

	
  

  	
  New Subsidiary Guarantor:

  
	
   

  	
   

  

 

	
  

  	
  CASCADES TISSUE GROUP MARYLAND LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Nathalie Théberge

  
	
   

  	
   

  	
  Name:

  	
  Nathalie Théberge

  
	
   

  	
   

  	
  Title:

  	
  Assistant Secretary

  

 

 5
 

 

	
  

  	
  Existing Subsidiary Guarantors:

  
	
   

  	
   

  
	
   

  	
  CASCADES BOXBOARD GROUP INC.

  
	
   

  	
  CASCADES BOXBOARD U.S., INC.

  
	
   

  	
  CASCADES CANADA INC.

  
	
   

  	
  CASCADES DIAMOND, INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP THUNDER BAY INC.

  
	
   

  	
  CASCADES NOVA SCOTIA COMPANY

  
	
   

  	
  CASCADES TRANSPORT INC.

  
	
   

  	
  CONFERENCE CUP LTD.

  
	
   

  	
  DOPACO, INC.

  
	
   

  	
  DOPACO CANADA, INC.

  
	
   

  	
  GARVEN INCORPORATED

  
	
   

  	
  KINGSEY FALLS INVESTMENTS INC.

  
	
   

  	
  RABOTAGE LEMAY INC.

  
	
   

  	
  SCIERIE LEMAY INC.

  
	
   

  	
  CASCADES TISSUE GROUP — PICKERING INC.

  
	
   

  	
  3815285 CANADA INC.

  
	
   

  	
  3815315 CANADA INC.

  
	
   

  	
  6265642 CANADA INC.

  
	
   

  	
  CASCADES BOXBOARD GROUP — CONNECTICUT LLC

  

 

	
  

  	
  By:

  	
  /s/ Robert F. Hall

  
	
   

  	
   

  	
  Name:

  	
  Robert F. Hall

  
	
   

  	
   

  	
  Title:

  	
  Secretary or Assistant Secretary

  

 

	
  

  	
  CASCADES AUBURN FIBER INC.

  
	
   

  	
  CASCADES DELAWARE LLC

  
	
   

  	
  CASCADES FINE PAPERS GROUP (SALES) INC.

  
	
   

  	
  CASCADES FINE PAPERS GROUP (USA) INC.

  
	
   

  	
  CASCADES MOULDED PULP, INC.

  
	
   

  	
  CASCADES PLASTICS INC.

  
	
   

  	
  CASCADES TISSUE GROUP - ARIZONA INC.

  
	
   

  	
  CASCADES TISSUE GROUP - IFC DISPOSABLES INC.

  
	
   

  	
  CASCADES TISSUE GROUP - NEW YORK INC.

  
	
   

  	
  CASCADES TISSUE GROUP - NORTH CAROLINA INC.

  
	
   

  	
  CASCADES TISSUE GROUP - OREGON INC.

  
	
   

  	
  CASCADES TISSUE GROUP - PENNSYLVANIA INC.

  

 

 6
 

 

	
  

  	
  CASCADES TISSUE GROUP - SALES INC.

  
	
   

  	
  CASCADES TISSUE GROUP - TENNESSEE INC.

  
	
   

  	
  CASCADES TISSUE GROUP - WISCONSIN INC.

  
	
   

  	
  CASCADES USA INC.

  
	
   

  	
  W.H. SMITH PAPER CORPORATION

  

 

	
  

  	
  By:

  	
  /s/ Nathalie Théberge

  
	
   

  	
   

  	
  Name:

  	
  Nathalie Théberge

  
	
   

  	
   

  	
  Title:

  	
  Assistant Secretary

  

 

	
  

  	
  DOPACO LIMITED PARTNERSHIP

  
	
   

  	
  DOPACO PACIFIC LLC

  

 

	
  

  	
  By:

  	
  /s/ Lois A. Meeth

  
	
   

  	
   

  	
  Name:

  	
  Lois A. Meeth

  
	
   

  	
   

  	
  Title:

  	
  Secretary for Dopaco Pacific LLC and 

  
	
   

  	
   

  	
  Secretary for Dopaco Pacific LLC, the 

  
	
   

  	
   

  	
  General Partner of Dopaco Limited 

  
	
   

  	
   

  	
  Partnership

  

 

 7
 

 

	
  

  	
  Trustee:

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lesley Daley

  
	
   

  	
   

  	
  Name:

  	
  Lesley Daley

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  

 

 8

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