Document:

Fifth Supplemental Indenture

  
 Exhibit 4.1 

 
 FIFTH SUPPLEMENTAL INDENTURE 
  
 FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated
as of December 6, 2004, by and among Church & Dwight Co., Inc., a Delaware corporation (the “Company”), successor by merger to Armkel, LLC, a Delaware limited liability company, Armkel Finance, Inc., a Delaware corporation (Armkel, LLC
and Armkel Finance, Inc., the “Original Issuers”), the subsidiary guarantors listed on the signature page hereof (the “Subsidiary Guarantors”) 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, the Original Issuers have heretofore been executed and delivered by
the Trustee an Indenture dated as of August 28, 2001 (the “Original Indenture”), providing for the issuance of an aggregate principal amount of $225,000,000 of 9 1⁄2% Senior Subordinated Notes due 2009 (the “Notes”), and the
Subsidiary Guarantors have guaranteed the obligations of the Original Issuers under the Notes pursuant to a Supplemental Indenture dated as of September 28, 2001 (the “First Supplemental Indenture”) and a Fourth Supplemental Indenture,
dated as of May 28, 2004 (the “Fourth Supplemental Indenture”); 
  
 WHEREAS, the Original Indenture was further amended and supplemented by a Second Supplemental Indenture, dated as of May 27, 2004 (the “Second Supplemental Indenture”); 
  
 WHEREAS, in connection with Armkel, LLC’s merger with and into the
Company, the Company, Armkel Finance, Inc., certain Subsidiary Guarantors and the Trustee executed and delivered a Third Supplemental Indenture, dated as of May 28, 2004 (the “Third Supplemental Indenture,” and together with the Original
Indenture, as amended and supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture and the Fourth Supplemental Indenture, the “Indenture”); 
  
 WHEREAS, the Company has commenced a tender offer (the “Tender
Offer”) for the Notes and, in connection therewith, a solicitation of consents (the “Solicitation”) from the holders of the Notes (the “Holders”) to certain amendments to the Indenture as set forth in the Offer to Purchase
and Consent Solicitation Statement of the Company dated November 22, 2004; 
  
 WHEREAS, pursuant to the Solicitation, the Holders of at least a majority in aggregate principal amount of the Notes outstanding (excluding for this purpose any Notes held by the Company or any affiliate of the
Company) have consented to the amendments effected by this Supplemental Indenture in accordance with the provisions of the Indenture. 
  
 NOW THEREFORE, in consideration of the foregoing and the mutual premises and covenants contained herein and for other good and valuable consideration, the
parties hereto agree as follows: 
  
 1. DEFINITIONS. Capitalized terms used but
not defined in this Supplemental Indenture shall have the specified meanings therefor set forth in the Original Indenture. 
  
 2. AMENDMENTS TO INDENTURE. 
  
 (a) The amendments set forth in this Supplemental Indenture shall become operative on the date that the Company notifies The Bank of New York, in its
capacity as Depositary in connection with the Tender Offer, that the Notes tendered are accepted for purchase and payment pursuant to the Tender 

  

 1 

 
Offer. If the Notes are not accepted for payment by the Company for any reason, the amendments set forth herein will not become operative. 
  
 (b) Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.10, 4.11, 4.12 and 5.01 of
the Original Indenture shall be deleted in their entirety. 
  
 (c)
Section 4.02 of the Original Indenture shall be replaced by the following language: 
  
 SECTION 4.02. SEC Reports. The Company and Sub Co-Issuer shall comply with the provisions of Section 314(a) of the TIA. 
  

(d) Section 4.09 of the Original Indenture shall be replaced by the following language: 
  
 SECTION 4.09. Compliance Certificate. The Company and Sub Co-Issuer shall comply with Section 314(a)(4) of the TIA.

  
 (e) Section 6.01 of the Original Indenture shall be amended by
deleting clauses (c), (d) and (g) in their entirety, and by deleting the words “or any Significant Subsidiary” in each instance in which they appear in clauses (e) and (f). 
  
 (f) Section 8.02(a) of the Original Indenture shall be amended by deleting clauses (iii), (v), (vi) and (vii) in their
entirety. 
  
 3. RATIFICATION OF INDENTURE; SUPPLEMENTAL INDENTURE PART OF
INDENTURE. Except as expressly amended hereby, the Indenture is an all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This 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. GOVERNING LAW. THIS 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. 
  
 5. TRUSTEE MAKES NO REPRESENTATION. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 
  
 6. 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. 
  
 7. EFFECT OF HEADINGS. The section headings herein are for convenience only and shall not effect the construction thereof. 
  
 8. TIA CONTROLS. If any provision of this Supplemental Indenture limits, qualifies or conflicts with a provision of the Indenture required to be included by the TIA, the
required provision of the TIA shall control. 
  

 2 

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

					
	COMPANY:
	
	CHURCH & DWIGHT CO., INC.
		
	By:	 	/s/ ZVI EIREF
	 	 	 Name:
	 	 Zvi Eiref

	 	 	 Title:
	 	 Vice President

	
	CO-ISSUER:
	
	ARMKEL FINANCE, INC.
		
	By:	 	/s/ ZVI EIREF
	 	 	 Name:
	 	 Zvi Eiref

	 	 	 Title:
	 	 Vice President

  

			
	 SUBSIDIARY GUARANTORS:

	CHURCH & DWIGHT TECHNOLOGIES, INC.	  	ARMKEL CONDOMS, LLC
	DEWITT INTERNATIONAL CORPORATION	  	ARMKEL DEPILATORIES, LLC
	C&D CHEMICAL PRODUCTS, INC.	  	ARMKEL DIAGNOSTICS, LLC
	ARMUS, LLC	  	ARMKEL DROPS, LLC
	C&D DETERGENTS, INC.	  	ARMKEL DENTURES, LLC
	BIG CLOUD POWDER CORPORATION	  	ARMKEL CRANBURY, LLC
	CHICAGO MANAGEMENT POWDER CORPORATION	  	ARMKEL PRODUCTS, LLC
	CHICAGO CONTRACT POWDER CORPORATION	  	 
	CHURCH & DWIGHT COMPANY	  	 

  

					
		
	By:	 	/s/ ZVI EIREF
	 Name:
	 	 Zvi Eiref

	 Title:
	 	 Vice President

	
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	 /s/ PATRICIA GALLAGHER

	 	 	 Name:
	 	 Patricia Gallagher

	 	 	 Title:
	 	 Vice PresidentFORM OF STOCK OPTION AGREEMENT

  
 Exhibit 10.62

  
 STOCK OPTION AGREEMENT 
  
 STOCK OPTION AGREEMENT made as of
                     between PERRY ELLIS INTERNATIONAL CORPORATION, a Florida corporation (the “Company”), and
                     (the “Optionee”). 
  
 Pursuant to the Company’s 2002 Stock Option Plan (the “Plan”), the terms of which are incorporated by reference herein in their entirety,
the Company hereby grants Optionee the option to acquire Common Stock, par value .01 per share, of the Company upon the following terms and conditions: 
  
 1. Grant of Option. The Company hereby grants the Optionee the right and option (the “Option”) to purchase up to
             shares of Common Stock, par value $.01 per share, of the Company (the “Shares”), which Shares, following transfer to Optionee upon the exercise hereof, shall
be fully paid and nonassessable. The Optionee agrees to be bound by all of the terms used herein that are defined in the Plan and not defined herein shall have the meanings attributed thereto in the Plan. 
  
 2. Option Price. The purchase price for Shares acquired upon exercise
of the Option shall be              per Share. The Company shall pay all original issue or transfer taxes resulting from the issuance of the Shares upon the exercise of the Option.

  
 3. Limitation on Exercisability of Option. The Option
shall be exercisable by Optionee to the extent and on the dates set forth as follows: 
  

			
	 Number of Shares

	 	 Exercise Date

	______	 	______
	______	 	______

  
 4. Expiration of
Option. The Option shall not be exercisable after April 12, 2003. 
  
 5. Non-Assignability of Option. The Option shall not be given, granted, sold, exchanged, transferred, pledged, assigned or otherwise encumbered or disposed of by Optionee, otherwise than by Will or the laws of descent and
distribution, and, during the lifetime of Optionee, shall not be exercisable by any other person, but only by him. 
  
 6. Method of Exercise of Option. Optionee shall notify the Company by written notice sent by registered or certified mail, return receipt
requested, addressed to its principal office, or by hand delivery to such office, properly receipted, as to the number of Shares which Optionee desires to purchase under the Option, which written notice shall be accompanied by cash, certified or
official bank check, personal check or money order payable to the order of the Company, by shares of Common Stock owned by the Optionee, or by a combination of the above, for the full option price of such Shares. If the exercise price is paid in
whole or part with shares of Common Stock, the value of the 

  

 
shares of Common Stock surrendered shall be their Fair Market Value on the date the Option is exercised. As soon as practicable after the receipt of such
written notice the Company shall, at its principal office, tender to the Optionee a certificate or certificates issued in Optionee’s name evidencing the Shares purchased by Optionee hereunder. 
  
 7. Death or Termination of Service. If the employment or services of
Optionee by the Company or a subsidiary corporation of the Company shall be terminated for Cause, the Option shall expire immediately, but if such employment or services shall be terminated for any other reason (except death or disability), then the
Option may, subject to Paragraph 3 hereof, be exercised at any time within three months after such termination. If Optionee dies (i) while employed by or in the service of the Company or a subsidiary corporation of the Company, or (ii) within three
months after the termination of employment or services, then the Option may, subject to Paragraph 3 hereof, be exercised by the estate of the Optionee, or by a person who acquired the right to exercise the Option by bequest or inheritance of by
reason of death of Optionee, at any time within one year after such death. If Optionee ceases employment or services because of mental or physical disability (within the meaning of Internal Revenue Code Section 22(e)) as determined by a medical
doctor satisfactory to the Committee, while employed by or in the service of the Company or a subsidiary corporation of the Company, then the Option may, subject to Paragraph 3 hereof, be exercised at any time within one year after termination of
employment or service due to the disability. 
  
 8. Shares of
Common Stock as Investment. By accepting the Option, Optionee agrees that any and all Shares purchased upon the exercise hereof, unless registered at the time of purchase under the Securities Act of 1993, as amended, shall be acquired for the
Option, Optionee shall deliver to the Company a representation in writing that such Shares are being acquired in good faith for investment and not with a view to resale or distribution. The Company may place an appropriate restrictive legend on the
certificate or certificates evidencing such Shares. 
  
 9.
Adjustments Upon Changes in Capitalization. In the event of changes in the outstanding Common Stock of the Company by reason of stock dividends, split-ups, recapitalization, mergers, consolidations, combinations, exchanges of shares,
separations, reorganizations, or liquidations, the number of Shares issuable upon the exercise of the Option, the option price thereof and any limitation on exercise set forth in Paragraph 3 hereof with respect to the number of Shares which may be
purchased upon exercise of the Option shall be correspondingly adjusted by the Company. Any such adjustment in the number of Shares shall apply proportionately to only the then unexercised portion of the Option. If fractional shares would result
from any such adjustment, the adjustment shall be revised to the next lower whole number of Shares. 
  
 10. No Rights as Shareholder. Optionee shall have no rights as a shareholder in respect to the Shares as to which Option shall not have been
exercised as herein provided. 
  

 11. Binding Effect. Except as herein otherwise expressly provided, this Agreement shall be binding
upon the inure to the benefit of the parties hereto, their legal representative, successors and assigns. 
  
 12. Conflict. In the event of any conflict between the Plan and the Option, the terms of the Plan shall be controlling. 
  
 13. Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Florida. 
  
 IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 
  

			
	PERRY ELLIS INTERNATIONAL CORPORATION
		
	By:	 	 
	 	 	George Feldenkreis,
	 	 	Chairman of the Board

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