Document:

ex_243628.htm

Exhibit 10.3

 

CONSOL ENERGY, INC. (the “Company”)

 

NOTICE OF MARKET SHARE UNIT (“MSU”) AWARD

 

 

Name of Grantee:

 

Date of Award:         

 

Number of Shares:          

 

 

The terms and conditions (“Terms and Conditions”) pursuant to which the MSU award was made are set forth in Schedule A (“Schedule A”), attached hereto and made a part hereof. Please familiarize yourself with these terms, which include provisions relating to vesting, termination of employment, the company’s right to recoupment, and which also include restrictive covenants relating to confidential information, non-solicitation, and non-competition.

 

By accepting this award, you acknowledge and agree to comply with the Terms and Conditions, including without limitation the covenants relating to confidential information, non-solicitation and non-competition. Please sign this Notice of MSU Award and return the signed copy to Sue Modispacher- HR.

 

IN WITNESS WHEREOF, the Company and the Grantee have executed this Notice of MSU Award and Terms and Conditions.

 

 

GRANTEE:

 

 

_______________________________‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐

 

 

 

CONSOL ENERGY, INC.

 

 

BY: ____________________________

 

 

 

 

 

 

Schedule A

 

Terms and Conditions

 

	 	
			1.

				
			Terms and Conditions: This grant of performance-based Cash Award is made under the CONSOL Energy Inc. 2020 Omnibus Performance Incentive Plan (the “Plan”) and is subject in all respects to the terms of the Plan. All terms of the Plan are hereby incorporated into these terms and conditions (the “Terms and Conditions”) by reference. In the event of a conflict between one or more provisions of these Terms and Conditions and one or more provisions of the Plan, the provisions of the Plan shall govern; provided that the terms of any individual written Agreement entered into by the Company and the Grantee approved by the Committee shall supersede these Terms and Conditions so long as consistent with the Plan. Each capitalized term not defined herein has the meaning assigned to such term in the Plan.

			

 

	 	
			2.

				
			Confirmation of Grant: Effective as of ______________, 20___ (the “Award Date”), CONSOL Energy Inc. (the “Company”) granted the individual whose name is set forth in the notice of grant (the “Grantee”) a performance-based cash award denominated in units, each of which represent a fixed value based on the closing stock price of the Company’s common stock on ______________, 20___, as set forth in the Grantee’s notice of grant (the “Market Share Units or “MSUs”). By accepting the MSUs, the Grantee acknowledges and agrees that the MSUs are subject to these Terms and Conditions and the terms of the Plan.

			

 

	 	
			3.

				
			Automatic Forfeiture: The MSUs will automatically be forfeited and all rights of the Grantee to the MSUs shall terminate under the following circumstances:

			

 

	 	
			a.

				
			Employment of the Grantee is terminated for Cause.

			

 

	 	
			b.

				
			The Grantee breaches any confidentiality, non-solicitation or non-competition covenant set forth on the attached Exhibit A or in any restrictive covenants agreement between the Grantee and the Company or an affiliate.

			

 

	 	
			c.

				
			The Committee requires recoupment of the MSUs in accordance with any recoupment policy adopted or amended by the Company from time to time.

			

 

	 	
			4.

				
			Restrictive Covenants: By accepting the MSUs, the Grantee agrees to comply with the confidentiality, non-solicitation and non-competition covenants set forth on the attached Exhibit A. If the Grantee has a written agreement with the Company or an affiliate containing restrictive covenants, the Grantee also agrees to continue to comply with the obligations under such restrictive covenants agreement as a condition of grant of the MSUs.

			

 

	 	
			5.

				
			Transferability: The MSUs shall not be sold, transferred, assigned, pledged or otherwise encumbered or disposed.

			

 

	 	
			6.

				
			Vesting: The MSUs shall vest in one-third increments on each of December 31, 20___, December 31, 20___, and December 31, 20___ based on performance of the Company’s common stock price as follows: The Committee shall determine the number of vested MSUs by multiplying the number of MSU units awarded to the Grantee by the quotient of ((x) the average closing stock price of the Company’s Common Stock for the fifteen (15) trading days immediately before the vesting date, divided by (y) the average closing stock price of the Company Common Stock for the fifteen (15) trading days immediately before the Grant Date. In no event shall any vesting shall occur with respect to any Performance Period if the number of units vesting on each December 31 is less than fifty percent (50%) of the number of units covered by the MSU on the Award Date, and similarly, the number of units eligible for vesting on each December 31 may not exceed 200% of the number of units awarded on the Award Date. In addition, the Grantee must continue to be employed by the Company through December 31 of each calendar year during the Performance Period, and provided further that no MSUs shall be paid until the Committee makes its vesting determination. Except as otherwise provided below, if the Grantee terminates employment prior to the end of any calendar year which ends within the Performance Period, the MSUs eligible for vesting shall be cancelled and all rights of the Grantee to the MSU Award shall terminate.

			

 

	 	
			7.

				
			Termination of Employment: If, following the Award Date and prior to the date on which the Committee Certifies the Performance Goals have been attained,

			

 

	 	
			a.

				
			(i) the Grantee’s employment is terminated by reason of death or Disability (as defined below), or (ii) the Grantee’s employment is involuntarily terminated without Cause, the Grantee shall earn a pro rata portion of the MSUs based on the vesting percentage determined and approved by the Committee following the end of the Performance Period. The pro rata portion of the MSUs that vest shall be determined by multiplying the number of MSUs earned/vested as approved by the Committee, by a fraction, the numerator of which is the number of completed full months from the Award Date to the date of the Grantee’s termination of employment and the denominator of which is 36. The vested MSUs shall be paid as described in Section 8 below. For purposes of these Terms and Conditions, “Disability means permanently and totally disable under the terms of the Company’s qualified retirement plans.

			

 

	 	
			b.

				
			the Grantee terminates employment on or after attaining age sixty (60) with twenty (20) or more years of service with the Company or an affiliate, also including any years of service with CNX Resources Corporation (our former parent or its affiliates), then the MSUs shall vest in full based on the achievement of the Performance Goals as certified by the Committee following the end of the Performance Period. The vested MSUs shall be paid as described in Section 8 below.

			

 

	 	
			8.

				
			Settlement: The MSUs shall be paid in cash earned based on the vesting percentage determined and approved by the Committee for applicable the Performance Period. The MSUs shall be paid as soon as practicable after the date that the Committee determines and approves the vesting percentage for the applicable Performance Period, but in no event later than 60 days after such date. Notwithstanding the foregoing, to the extent that the MSUs are subject to Section 409A of the Internal Revenue Code, all such payments shall be made in compliance with the requirements of Section 409A of the Internal Revenue Code.

			

 

	 	
			9.

				
			Change in Control: In the event of a Grantee’s involuntary termination of employment (including a “good reason” termination as defined in Section 409A of the Code) within two years following the occurrence of a Change in Control as defined in Section 17 of the Plan, and absent any provision in any agreement between the Grantee and the Company to the contrary, the MSUs shall vest in full, be free of any restrictions, and be deemed earned/vested as of the Grantee’s termination date in an amount equal to what would have vested as if the vesting period ended on the date of the Change in Control.

			

 

	 	
			10.

				
			Tax Withholding: The Grantee is solely responsible for the satisfaction of all taxes and penalties that may arise in connection with the MSUs. The tax withholding obligation shall be satisfied by withholding an amount from the Grantee’s cash payment due upon the vesting of the MSU Award. The Company may withhold from the Grantee’s cash payment an amount necessary to satisfy applicable withholding tax rate for federal (including FICA) state, local and foreign tax liabilities.

			

 

	 	
			11.

				
			No Right to Continued Employment. The Grantee understands and agrees that these Terms and Conditions do not impact the right of the Company or any of its affiliates employing the Grantee to terminate or change the terms of the Grantee’s employment at any time for any reason, with or without cause. The Grantee understands and agrees that the Grantee’s employment with the Company or any of its affiliates is on an “at-will” basis.

			

 

	 	
			12.

				
			Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of these Terms and Conditions.

			

 

	 	
			13.

				
			Severability.  In the event that any provision in these Terms and Conditions shall be held invalid or unenforceable for any reason, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the remaining provisions of these Terms and Conditions.

			

 

Exhibit A

 

Restrictive Covenants 

 

By accepting the MSUs, the Grantee agrees to comply with the following terms which shall operate independently of, and in addition to, any other restrictive covenant agreement to which the Grantee may be a party with the Company:

 

Confidential Information 

 

(a)    For purposes of these Terms and Conditions, the term “Confidential Information” shall mean information that the Company or any of its affiliates owns or possesses, that the Company or its affiliates have developed at significant expense and effort, that they use or that is potentially useful in the business of the Company or its affiliates, that the Company or its affiliates treat as proprietary, private or confidential, and that is not generally known to the public. Confidential information includes, but is not limited to, information that qualifies as a trade secret under applicable law. The Grantee acknowledges that the Grantee’s relationship with the Company is one of confidence and trust such that the Grantee has in the past been, and may in the future be, privy to Confidential Information of the Company or its affiliates.

 

(b)    The Grantee hereby covenants and agrees at all times during employment with the Company and its affiliates and thereafter to hold in strictest confidence, and not to use, any Confidential Information, except for the benefit of the Company, and not to disclose any Confidential Information to any person or entity without written authorization of the Company, except as otherwise required by law.

 

Non-Solicitation 

 

(a)         The Grantee covenants and agrees that during the Grantee’s employment with the Company and its affiliates, and during the twelve (12) month period following the Grantee’s termination of employment for any reason (the “Restricted Period”), the Grantee shall not, directly or indirectly, (i) solicit, hire or attempt to hire any employee of the Company or any of its affiliates as an employee, consultant or independent contractor of the Grantee or any other person or business entity for the purpose of providing services or products competitive with those offered by the Company or any of its affiliates, or (ii) solicit any employee, consultant or independent contractor of the Company or any of its affiliates to change or terminate his or her relationship with the Company or any of its affiliates for the purpose of providing services or products competitive with those offered by the Company or any of its affiliates, unless in each case, more than six months shall have elapsed between the last day of such person’s employment or service with the Company or any of its affiliates and the first date of such solicitation or hiring.

 

(b)         The Grantee covenants and agrees that during the Grantee’s employment with the Company and its affiliates and during the Restricted Period, the Grantee shall not, either directly or indirectly:solicit or do business with, or attempt to solicit or do business with, any customer with whom the Grantee had material contact, or about whom the Grantee received Confidential Information within twelve 12 months prior to the Grantee’s date of termination for the purpose of providing such customer with services or products competitive with those offered by the Company or any of its affiliates during the Grantee’s employment with the Company or its affiliates, or

 

(i)    Encourage any customer with whom the Grantee had material contact, or about whom the Grantee received Confidential Information within 12 months prior to the Grantee’s date of termination to reduce the level or amount of business such customer conducts with the Company or any of its affiliates.

 

Non-Competition

 

(a)         The Grantee covenants and agrees that during the Grantee’s the employment with the Company and its affiliates and during the twenty-four (24) month period for executives or six (6) month period for non-executives] following the Grantee’s termination of employment for any reason (the “Restricted Period” for purposes of Non-Competition), the Grantee will not, without the Company’s express written consent, in any geographic area in which the Grantee had responsibility within the last two years prior to the Grantee’s termination of employment where the Company or its affiliates do business, directly or indirectly in the same or similar capacity to the services the Grantee performed for the Company;

 

(i)         own, maintain, finance, operate, invest or engage in any business that competes with the businesses of the Company and its affiliates in which the Grantee was materially involved during the two years prior to the Grantee’s termination; or

 

(ii)         provide services, as an employee, consultant, independent contractor, agent or otherwise, to any business that competes with the Company and its affiliates in businesses in which the Grantee was materially involved during the two years prior to the Grantee’s termination.

 

(b)         Notwithstanding the foregoing, the Grantee may invest in or have an interest in entities traded on any public market, provided that such interest does not exceed five percent of the voting control of such entity.          

 

Other Acknowledgements and Agreements

 

(a)         The Grantee acknowledges and agrees that in the event the Grantee breaches any of the covenants or agreements contained in this Exhibit A:

 

(i)         The restrictive covenants contained in this Exhibit B shall operate independently of, and in addition to, any other agreement to which the Grantee and the Company may be a party,

 

(ii)         The Grantee shall forfeit the MSUs (including MSUs that have vested but not yet been paid), and the outstanding MSU Award shall immediately terminate, and

 

(iii)         The Company may in its discretion require the Grantee to return to the Company any cash received upon vesting or payment of the MSU. The Committee shall exercise the right of recoupment provided in this section (b) within one year after the Company’s discovery of the Grantee’s breach of the covenants or agreements contained in this Exhibit A. In addition, in the event of a breach or threatened breach of the restrictions in this Exhibit A, the Company shall be entitled to specific performance, preliminary and permanent injunctive relief, in addition to any other remedies available to it, to prevent such breach or threatened breach.

 

(b)         If any portion of the covenants or agreements contained in this Exhibit A, or the application hereof, is construed to be invalid or unenforceable, the other portions of such covenants or agreements or the application thereof shall not be affected and shall be given full force and effect without regard to the invalid or unenforceable portions to the fullest extent possible. If any covenant or agreement in this Exhibit A is held to be unenforceable because of the duration thereof or the scope thereof, then the court making such determination shall have the power to reduce the duration and limit the scope thereof, and the covenant or agreement shall then be enforceable in its reduced form. The covenants and agreements contained in this Exhibit A shall survive the termination of the MSUs.Document

Exhibit 4.1

HILLENBRAND, INC., 
AS ISSUER, 
THE NEW GUARANTORS PARTY HERETO
and 
U.S. BANK NATIONAL ASSOCIATION, 
AS TRUSTEE
            
SUPPLEMENTAL INDENTURE No. 5
Dated as of December 15, 2020
to 
INDENTURE 
Dated as of July 9, 2010 
among 
HILLENBRAND, INC., 
AS ISSUER 
and 
U.S. BANK NATIONAL ASSOCIATION, 
AS TRUSTEE
            
$375,000,000
4.500% Notes due 2026

TABLE OF CONTENTS

						
	ARTICLE I

GUARANTEE OF SECURITIES
	Page
	Section 1.01    Securities Guarantee
	2

	Section 1.02    Subrogation
	3

	Section 1.03    Release of Guarantee
	3

	Section 1.04    Limitation and Effectiveness of Guarantees
	3

	Section 1.05    Notation Not Required
	4

		
	ARTICLE II

MISCELLANEOUS PROVISIONS
	
	Section 2.01    Terms Defined
	4

	Section 2.02    Indenture
	4

	Section 2.03    Governing Law
	4

	Section 2.04    Successors
	4

	Section 2.05    Multiple Counterparts
	4

	Section 2.06    Effectiveness
	4

	Section 2.07    Trustee Disclaimer
	4

FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of December 15, 2020, by and among Hillenbrand, Inc., an Indiana corporation (the “Company”), Milacron LLC, a Delaware limited liability company (“Milacron”), Milacron Plastics Technologies Group LLC, a Delaware limited liability company (“Milacron Plastics”), Milacron Marketing Company LLC, a Delaware limited liability company (“Milacron Marketing”), Hillenbrand Luxembourg, Inc., a Delaware corporation (“Hillenbrand Luxembourg” and, together with Milacron, Milacron Plastics, and Milacron Marketing, the “New Guarantors” and, each, a “New Guarantor”), and U.S. Bank National Association, as trustee (the “Trustee”), under the hereafter defined Indenture.
WHEREAS, the Company and the Trustee executed and delivered an indenture dated as of July 9, 2010 (the “Base Indenture”), a third supplemental indenture, dated as of September 25, 2019 (the “Third Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), to provide for the issuance by the Company from time to time of Securities to be issued in one or more series as provided in the Base Indenture;
WHEREAS, pursuant to the Indenture, on September 25, 2019, the Company issued $375,000,000 aggregate principal amount of the Company’s 4.500% Notes due 2026 (the “Notes”);
WHEREAS, Section 4.4 of the Third Supplemental Indenture provides that the Company shall cause any Subsidiary that becomes a guarantor under the Credit Agreement to guarantee the Company’s obligations under the Notes and the Indenture;
WHEREAS, on the date hereof the New Guarantors agreed to guarantee the obligations of the borrowers under the Credit Agreement;
WHEREAS, as of the date of this Supplemental Indenture, Batesville Casket Company, Inc. (“BCC”), Batesville Services, Inc. (“BSI”), K-Tron Investment Co. (“KTIC”), Process Equipment Group, Inc. (“PEG” and, together with BCC, BSI and KTIC, the “Current Guarantors”), and the New Guarantors are all of the Subsidiaries of the Company that are guarantors of the obligations of the borrowers under the Credit Agreement;
WHEREAS, the execution and delivery of this Supplemental Indenture has been duly and validly authorized by each of the Company and the New Guarantors;
WHEREAS, pursuant to Section 6.1(a)(8) of the Third Supplemental Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture without the consent of any Holders; and
WHEREAS, all the conditions and requirements necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto.
NOW, THEREFORE, in consideration of the above premises, each party agrees, for the benefit of the others and for the equal and ratable benefit of the Holders, as follows:
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ARTICLE I.

GUARANTEE OF SECURITIES
Section 1.01Securities Guarantee.
(a)Each of the New Guarantors hereby fully and unconditionally guarantees the Obligations (collectively, the “Additional Guarantees” and, each, an “Additional Guarantee”), on a joint and several basis with the Current Guarantors, to each Holder of the Notes and to the Trustee and its successors and assigns on behalf of each Holder of the Notes. Each New Guarantor further agrees that the Obligations may be extended or renewed, in whole or in part, without notice or further assent from such New Guarantor and that such New Guarantor will remain bound under this Article I notwithstanding any extension or renewal of any Obligation. All payments under each Additional Guarantee will be made as specified in Section 311 of the Base Indenture.
(b)Each New Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely surety and shall be absolute, full and unconditional, unaffected by, and irrespective of, any invalidity, irregularity or unenforceability of the Notes, the Base Indenture or this Supplemental Indenture, any failure to enforce the provisions of the Notes, the Base Indenture or this Supplemental Indenture, any waiver, modification or indulgence granted to the Company with respect thereto by the Holders of the Notes or the Trustee, or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor (except payment in full). Each New Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require that the Trustee pursue or exhaust its legal or equitable remedies against the Company prior to exercising its rights under an Additional Guarantee (including, for the avoidance of doubt, any right which a New Guarantor may have to require the seizure and sale of the assets of the Company to satisfy the outstanding principal of, interest on or any other amount payable under the Notes prior to recourse against such New Guarantor or its assets), protest or notice with respect to the Notes or the Debt evidenced thereby and all demands whatsoever, and covenants that its Additional Guarantee will not be discharged with respect to the Notes except by payment in full of the principal thereof and interest thereon or as otherwise provided in the Base Indenture or in this Supplemental Indenture, including Section 1.04 herein. If at any time any payment of principal of (and premium, if any) and interest on the Notes is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of any New Guarantor’s obligations hereunder with respect to such payment shall be reinstated as of the date of such rescission, restoration or return as though such payment had become due but had not been made at such times.
Neither a failure nor a delay on the part of either the Trustee or the Holders of the Notes in exercising any right, power or privilege under this Article I shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders of the Notes expressed in 
5

this Article I are cumulative and exclusive of any other rights, remedies or benefits that either may have under this Article I at law, in equity, by statute or otherwise.
(c)Each New Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees) incurred by the Trustee or any Holder of the Notes in enforcing any rights under this Section 1.01.
(d)Upon request of the Trustee, each New Guarantor shall execute and deliver such instruments and do such further acts as may be reasonably necessary to give effect to this Supplemental Indenture.
Section 1.02Subrogation. 
(a)Each New Guarantor shall be subrogated to all rights of the Holders of the Notes against the Company in respect of any amounts paid to such Holders of the Notes by such New Guarantor pursuant to the provisions of its Additional Guarantee.
(b)Each New Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders of the Notes in respect of any Obligations guaranteed hereby until payment in full of all Obligations. Each New Guarantor further agrees that, as between it, on the one hand, and the Holders of the Notes and the Trustee, on the other hand, (x) the maturity of the Obligations guaranteed hereby may be accelerated as provided in Section 502 of the Base Indenture for the purposes of the Additional Guarantees herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such Obligations as provided in Section 502 of the Base Indenture, such Obligations shall forthwith become due and payable by the New Guarantor for the purposes of this Section 1.02.
Section 1.03Release of Guarantee. An Additional Guarantee of a New Guarantor shall be automatically and unconditionally released, and the New Guarantor that granted such Additional Guarantee shall be automatically and unconditionally released from its Obligations:
(a)in the event that all of the capital stock or other equity interests, or all or substantially all of the assets, of such New Guarantor are sold or transferred, including by way of merger, consolidation or otherwise, in a transaction in compliance with the terms of the Indenture;
(b)upon defeasance as provided in Sections 7.01 and 7.02 or satisfaction and discharge of the Indenture as provided in Article 4 of the Base Indenture;
(c)upon redemption of the Notes as provided in Section 3.2 of the Indenture; or
(d)upon release of such New Guarantor’s Additional Guarantee of all indebtedness under the Credit Agreement other than a release by or as a result of payment under such Additional Guarantee.
5

Section 1.04Limitation and Effectiveness of Guarantees. Each Additional Guarantee is limited to an amount not to exceed the maximum amount that can be guaranteed by such New Guarantor that gave such Additional Guarantee without rendering such Additional Guarantee, as it relates to such New Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally or the maximum amount otherwise permitted by law.
Section 1.05Notation Not Required. Each New Guarantor hereby agrees that its Additional Guarantee set forth in Section 1.01 hereof shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of the Additional Guarantee on the Notes.
ARTICLE II.

MISCELLANEOUS PROVISIONS
Section 2.01Terms Defined. For all purposes of this Supplemental Indenture, except as otherwise defined or unless the context otherwise requires, terms used in capitalized form in this Supplemental Indenture and defined in the Indenture have the meanings specified in the Indenture.
Section 2.02Indenture. Except as amended hereby, the Indenture and the Notes are in all respects ratified and confirmed and all the terms shall remain in full force and effect.
Section 2.03Governing Law. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York.
Section 2.04Successors. All agreements of each New Guarantor in this Supplemental Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Supplemental Indenture and the Notes shall bind its successors.
Section 2.05Multiple Counterparts. This Supplemental Indenture may be signed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Supplemental Indenture.
Section 2.06Effectiveness. The provisions of this Supplemental Indenture will take effect immediately upon its execution and delivery by the Trustee in accordance with the provisions of Section 903 of the Base Indenture.
Section 2.07Trustee Disclaimer. The Trustee accepts the amendment of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended, and without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner 
5

whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company and each New Guarantor, or for or with respect to (i) the validity or sufficiency of this Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by the Company and each New Guarantor by corporate action or otherwise, (iii) the due execution hereof by the Company and each New Guarantor, (iv) the consequences (direct or indirect and whether deliberate or inadvertent) of any amendment herein provided for, and the Trustee makes no representation with respect to any such matters.
[Signature pages follow.]
5

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written above.
HILLENBRAND, INC., as Issuer and the Company
By: /s/ Theodore S. Haddad, Jr.    
Name:    Theodore S. Haddad, Jr. 
Title:    Vice President, Treasurer
MILACRON LLC, as a New Guarantor
By: /s/ Theodore S. Haddad, Jr.    
Name:    Theodore S. Haddad, Jr. 
Title:    Treasurer
MILACRON PLASTICS TECHNOLOGIES GROUP LLC, as a New Guarantor
By: /s/ Theodore S. Haddad, Jr.    
Name:    Theodore S. Haddad, Jr. 
Title:    Treasurer
MILACRON MARKETING COMPANY LLC, as a New Guarantor
By: /s/ Theodore S. Haddad, Jr.    
Name:    Theodore S. Haddad, Jr. 
Title:    Treasurer
HILLENBRAND LUXEMBOURG, INC., as a New Guarantor
By: /s/ Theodore S. Haddad, Jr.    
Name:    Theodore S. Haddad, Jr. 
Title:    Treasurer
[Signature Page to Supplemental Indenture No. 5]

U.S. BANK NATIONAL ASSOCIATION, |
as Trustee
By: /s/ Sharon P. Karst    
Name:    Sharon P. Karst
Title:    Vice President

[Signature Page to Supplemental Indenture No. 5]

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