Letter Agreement Adding BBL International (U.K.) Limited as Bank Under Bridge Credit Agreement with Bemis Company, Inc.

Summary

This agreement, dated March 14, 2001, adds BBL International (U.K.) Limited as a new bank to the existing Bridge Credit Agreement among Bemis Company, Inc., several financial institutions, and Morgan Guaranty Trust Company of New York. BBL International will have a $20 million commitment and agrees to be bound by the terms of the original credit agreement. The agreement is effective once all parties sign and the new bank receives a promissory note. It is governed by New York law.

EX-10.M 6 a2055718zex-10_m.txt EXHIBIT 10-M Exhibit 10(m) March 14, 2001 Bemis Company, Inc. 222 South 9th Street Suite 2300 Minneapolis, MN ###-###-#### Re: ADDITION OF BANK UNDER BRIDGE CREDIT AGREEMENT Ladies/Gentlemen: Please refer to the Bridge Credit Agreement dated as of January 12, 2001 among Bemis Company, Inc. (the "Company"), various financial institutions and Morgan Guaranty Trust Company of New York, as Administrative Agent (the "Credit Agreement"; capitalized terms used but not defined herein have the respective meanings set forth in the Credit Agreement). The Company, the Banks and the Administrative Agent agree that, effective on the date on which the Administrative Agent has received (i) a counterpart of this letter agreement executed by the Company, the Banks and BBL International (U.K.) Limited (the "New Bank") and (ii) a Note payable to the New Bank, the New Bank will become a Bank under the Credit Agreement with a Commitment of $20,000,000. By its signature below, the New Bank (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to become a Bank under the Credit Agreement, (b) agrees that it will, independently and without reliance upon the Administrative Agent or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement and (c) agrees to be bound by the terms of the Credit Agreement as fully and to the same extent as if it were an original Bank under the Credit Agreement. This letter shall be governed by the laws of the State of New York applicable to contracts made and to be performed entirely within such State. Very truly yours, MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent and as a Bank By:_________________________ Title:______________________ BANK ONE, NA (Main Office Chicago), as Documentation Agent and as a Bank By:_________________________ Title:______________________ WACHOVIA BANK, N.A. By:_________________________ Title:______________________ WELLS FARGO BANK, NATIONAL ASSOCIATION By:_________________________ Title:______________________ By:_________________________ Title:______________________ U.S. BANK NATIONAL ASSOCIATION 2 By:_________________________ Title:_____________________ New Bank: BBL INTERNATIONAL (U.K.) LIMITED By:_________________________ Title:_____________________ By:_________________________ Title:_____________________ Domestic and Euro-Dollar Lending Office: [Address] Attention: __________________ Facsimile: __________________ Acknowledged and Agreed: BEMIS COMPANY, INC. By:_________________________ Title:_____________________ 3