EXHIBIT 2.10
SECOND SUPPLEMENTAL INDENTURE
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SECOND SUPPLEMENTAL INDENTURE (this "Supplemental Indenture"), dated as of
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September 8, 2000, among, AZ Pallet, Inc., a Delaware corporation, Bromley
Acquisition, Inc., a Delaware corporation, Texas Pallet Acquisition, Inc., a
Delaware corporation, and George Belfer Drum & Barrel Co., a Michigan
corporation, each an indirect wholly owned subsidiary of the Company
(collectively, the "New Guarantors"), IFCO Systems N.V., Inc., a limited
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liability company incorporated in the Netherlands (the "Company), the Guarantors
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(the "Existing Guarantors") under the Indenture referred to below, and The Bank
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of New York, as trustee under the Indenture referred to below (the "Trustee").
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W I T N E S S E T H:
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WHEREAS the Company has heretofore executed and delivered to the Trustee an
Indenture (as such may be amended from time to time, the "Indenture"), dated as
of March 8, 2000, providing for the issuance of its 10 5/8% Senior Subordinated
Notes due 2010 (the "Notes");
WHEREAS Section 4.20 of the Indenture provides that under certain
circumstances the Company is required to cause the New Guarantors to execute and
deliver to the Trustee a supplemental indenture pursuant to which the New
Guarantors shall unconditionally guarantee all of the Company's obligations
under the Notes pursuant to a Guarantee on the terms and conditions set forth in
the Indenture; and
WHEREAS pursuant to Section 8.01 of the Indenture, the Trustee, the Company
and Existing Guarantors 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 New
Guarantors, the Company, the Existing Guarantors and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Noteholders 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 Supplemental Indenture, except as otherwise
herein expressly provided or unless the context otherwise requires: (i) the
terms and expressions 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
Supplemental Indenture refer to this Supplemental Indenture as a whole and not
to any particular section hereof.
2 Agreement to Guarantee. The New Guarantors hereby agree, jointly and
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severally with all other 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 Guarantors shall be
Guarantors for all purposes under the Indenture and the Notes.
3 Ratification of Indenture; Supplemental Indentures Part of Indenture.
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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 Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Noteholder heretofore or hereafter authenticated and delivered shall
be bound hereby.
4 Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND
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CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO
CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO AGREES TO SUBMIT TO
THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE.
5 Trustee Makes No Representation. The Trustee shall not be responsible
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in any manner whatsoever for or in respect of the validity or sufficiency of
this Supplemental Indenture or for or in respect of the recitals contained
herein, all of which are made solely by the Company.
6 Multiple Counterparts. The parties may sign multiple counterparts of
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this Supplemental Indenture. Each signed counterpart shall be deemed an
original, but all of them together represent one and the same agreement.
7 Headings. The headings of this Supplemental Indenture have been
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inserted for convenience of reference only, are not to be considered a part
hereof, and shall in no way modify or restrict any of the terms or provisions
hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed as of the date and year first above written.
NEW GUARANTORS:
AZ PALLET, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
BROMLEY ACQUISITION COMPANY, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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TEXAS PALLET ACQUISITION, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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GEORGE BELFER DRUM & BARREL CO
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Vice President
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THE COMPANY:
IFCO SYSTEMS N.V.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Executive Vice President and General
Counsel
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EXISTING GUARANTORS:
IFCO EUROPE BETEILIGUNGS GMBH
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
IFCO GMBH (F/K/A IFCO INTERNATIONAL FOOD CONTAINER
GMBH)
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
IFCO FINANCE CONSULTING GMBH
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
IFCO SKANDINAVIEN A/S
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
GISO VERWALTUNGSGESELLSCHAFT MBH & CO.
BEHALTERLEASING KG
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
MTS OKOLOGISTIK VERWALTUNGS GMBH
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
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IFCO INTERNATIONAL NETWORK
BETEILIGUNGSGESELLSCHAFT MBH
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
IFCO ARGENTINA S.A.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Authorized Signatory
IFCO Systems North America, Inc.
(F/K/A PALEX, INC.)
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
ACME BARREL COMPANY, INC.
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: President
BAY AREA PALLET COMPANY
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
BLACK RIVER FOREST PRODUCTS, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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CHARLOTTE STEEL DRUM CORPORATION
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Vice President
CONSOLIDATED CONTAINER CORPORATION
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Vice President
CONTAINER RESOURCES CORPORATION
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Vice President
CONTAINER SERVICES COMPANY NW, INC. (F/K/A
CONTAINER SERVICES COMPANY NW ACQUISITION, INC.)
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: President
CONTAINER SERVICES COMPANY SW, INC. (F/K/A
CONTAINER SERVICES COMPANY SW ACQUISITION, INC.)
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: President
DUCKERT PALLET CO., INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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DRUM SERVICE CO. OF FLORIDA
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Vice President
ENVIRONMENTAL RECYCLERS OF COLORADO, INC.
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: President
GILBERT LUMBER INCORPORATED
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
ISAACSON LUMBER COMPANY
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
INTERSTATE PALLET CO., INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
NEW LONDON PALLET, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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PALEX CONTAINER SYSTEMS, INC.
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: President
PALEX-TEXAS, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
PALEX-TEXAS, L.P.
By: PALEX-TEXAS, INC., General Partner
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
PALEX TEXAS HOLDINGS, INC.
By: /s/ Casey A. Fletcher
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Name: Casey A. Fletcher
Title: President
PALLET OUTLET COMPANY, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
RIDGE PALLETS, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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SHEFFIELD LUMBER AND PALLET COMPANY, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
SHIPSHEWANA PALLET CO., INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
SMG CORPORATION
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
SONOMA PACIFIC COMPANY
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
SOUTHERN PALLET, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
VALLEY CRATING AND PACKAGING, INC.
By: /s/ Edward Rhyne
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Name: Edward Rhyne
Title: Vice President
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WESTERN CONTAINER LIMITED LIABILITY COMPANY
By: /s/ Elliot Pearlman
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Name: Elliot Pearlman
Title: Manager
IFCO-U.S., L.L.C.
By: /s/ William G. Anderson
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Name: William G. Anderson
Title: President
THE BANK OF NEW YORK,
as Trustee
By: /s/ Carlos J. Capellan
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Name: Carlos J. Capellan
Title: Assistant Treasurer
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