SUPPLEMENTAL INDENTURE NO. 2 dated as of September 8, 1999 among TRIARC CONSUMER PRODUCTS GROUP LLC, TRIARC BEVERAGE HOLDINGS CORP., as Issuers, the SUBSIDIARY GUARANTORS party hereto and THE BANK OF NEW YORK, as Trustee -------------- 10 1/4% Senior Subordinated Notes Due 2009 SUPPLEMENTAL INDENTURE NO. 2, dated as of September 8, 1999 (the "SUPPLEMENTAL INDENTURE"), among TRIARC CONSUMER PRODUCTS GROUP, LLC, a Delaware limited liability company (the "COMPANY"), TRIARC BEVERAGE HOLDINGS CORP., a Delaware corporation ("TRIARC BEVERAGE", and together with the COMPANY, the "ISSUERS"), the Subsidiary Guarantors party hereto and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the "TRUSTEE"). RECITALS WHEREAS, the Issuers, the Subsidiary Guarantors and the Trustee are parties to the Indenture, dated as of February 25, 1999 (as amended, supplemented or otherwise modified from time to time, the "INDENTURE"), relating to the Issuers' 101/4% Senior Subordinated Notes due 2009 (the "NOTES"); WHEREAS, Section 9.01(a)(i) of the Indenture allows the Issuers and the Trustee to cure an ambiguity, omission, defect or inconsistency in the Indenture without the consent of the Holders (as defined in the Indenture); WHEREAS, the parties hereto wish to cure a defect set forth in Section 5.03(b)(iii) of the Indenture. AGREEMENT NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties hereto hereby agree as follows: Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture. Section 2. Section 5.03(b)(iii) of the Indenture is amended and restated, effective as of the date hereof, in its entirety to read as follows: "(iii) The requirements of Section 5.03(a) shall not apply to a transfer of substantially all of the Capital Stock of RC/Arby's or any of its Subsidiaries to Triarc Parent as a Permitted Arby's Dividend." Section 3. This Supplemental Indenture shall be governed by and construed in accordance with the internal laws of the State of New York. Section 4. This Supplemental Indenture may be signed in various counterparts which together shall constitute one and the same instrument. Section 5. This Supplemental Indenture is an amendment supplemental to the Indenture and said Indenture and this Amendment shall henceforth be read together. Section 6. The recitals herein contained are made by the Issuers and not by the Trustee, and the Trustee assumes no responsibility for the correctness thereof. 2 IN WITNESS WHEREOF, the parties have duly executed and delivered this Supplemental Indenture or have caused this Supplemental Indenture to be duly executed on their respective behalf by their respective officers thereunto duly authorized, as of the day and year first above written. TRIARC CONSUMER PRODUCTS GROUP, LLC, as Issuer By: /s/ Brian L. Schorr ---------------------------------- Name: Brian L. Schorr Title: Executive Vice President TRIARC BEVERAGE HOLDINGS CORP., as Issuer By: /s/ Brian L. Schorr ---------------------------------- Name: Brian L. Schorr Title: Executive Vice President MISTIC BRANDS, INC., as a Subsidiary Guarantor By: /s/ Brian L. Schorr ---------------------------------- Name: Brian L. Schorr Title: Executive Vice President SNAPPLE BEVERAGE CORP., as a Subsidiary Guarantor By: /s/ Brian L. Schorr ---------------------------------- Name: Brian L. Schorr Title: Executive Vice President 3 SNAPPLE INTERNATIONAL CORP., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary SNAPPLE WORLDWIDE CORP., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary SNAPPLE FINANCE CORP., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary PACIFIC SNAPPLE DISTRIBUTORS, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary 4 MR. NATURAL, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary SNAPPLE CARIBBEAN CORP., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary KELRAE, INC., as a Subsidiary Guarantor By: /s/ John L. Barnes, Jr. -------------------------------------- Name: John L. Barnes, Jr. Title: President RC/ARBY'S CORPORATION, as a Subsidiary Guarantor By: /s/ Curtis S. Gimson -------------------------------------- Name: Curtis S. Gimson Title: Senior Vice President, General Counsel and Secretary RCAC ASSET MANAGEMENT, INC., as a Subsidiary Guarantor By: /s/ Francis T. McCarron -------------------------------------- Name: Francis T. McCarron Title: Senior Vice President - Taxes 5 ARBY'S, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary ARBY'S BUILDING AND CONSTRUCTION CO., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary TJ HOLDING COMPANY, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary ARBY'S RESTAURANT CONSTRUCTION COMPANY, as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary 6 ARBY'S RESTAURANTS, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary ARHC, LLC, as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary RC-11, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary RC LEASING, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary ROYAL CROWN BOTTLING COMPANY OF TEXAS, as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary 7 ROYAL CROWN COMPANY, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary RETAILER CONCENTRATE PRODUCTS, INC., as a Subsidiary Guarantor By: /s/ Francis T. McCarron -------------------------------------- Name: Francis T. McCarron Title: Senior Vice President - Taxes TRIBEV CORPORATION, as a Subsidiary Guarantor By: /s/ Francis T. McCarron -------------------------------------- Name: Francis T. McCarron Title: Senior Vice President - Taxes STEWART'S BEVERAGES, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen -------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary 8 OLD SAN FRANCISCO SELTZER, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen --------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary FOUNTAIN CLASSICS, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen --------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary MILLROSE DISTRIBUTORS, INC., as a Subsidiary Guarantor By: /s/ Stuart I. Rosen --------------------------------------- Name: Stuart I. Rosen Title: Vice President and Secretary THE BANK OF NEW YORK, as Trustee By: /s/ Marie E. Trimboli --------------------------------------- Name: Marie E. Trimboli Title: Assistant Treasurer 9