Pledge Supplement to Pledge and Security Agreement between Berry Plastics Corporation, Landis Plastics, Inc., and Fleet National Bank (November 20, 2003)

Contract Categories: Business Finance › Pledge Agreements
Summary

This Pledge Supplement, dated November 20, 2003, is an addendum to the Pledge and Security Agreement among Berry Plastics Corporation, Landis Plastics, Inc., and Fleet National Bank as Collateral Agent. It confirms the grant of a security interest in the Grantors' assets to secure obligations under the original agreement. The supplement provides updated schedules with information on assets, locations, bank accounts, contracts, and intellectual property. The Grantors reaffirm their obligations and the Collateral Agent's rights under the Security Agreement.

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EX-10.5 9 y92946exv10w5.txt PLEDGE SUPPLEMENT Exhibit 10.5 PLEDGE SUPPLEMENT November 20, 2003 This PLEDGE SUPPLEMENT is delivered pursuant to the Pledge and Security Agreement, dated as of July 22, 2002 (as it may be from time to time amended, restated, modified or supplemented, the "SECURITY AGREEMENT"), among BERRY PLASTICS CORPORATION, the other Grantors named therein, and FLEET NATIONAL BANK, as the Collateral Agent. Capitalized terms used herein not otherwise defined herein shall have the meanings ascribed thereto in the Security Agreement. Each of the Grantors hereby confirms the grant to the Collateral Agent set forth in the Security Agreement of, and does hereby grant to the Collateral Agent, a security interest in all of each of the Grantors' right, title and interest in and to all of each of its Collateral to secure the Secured Obligations, in each case whether now or hereafter existing or in which each of the Grantors now has or hereafter acquires an interest and wherever the same may be located. Each of the Grantors represents and warrants that the attached Supplements to Schedules accurately and completely set forth all additional information required pursuant to the Security Agreement and hereby agrees that such Supplements to Schedules shall constitute part of the Schedules to the Security Agreement. [The remainder of this page intentionally left blank.] IN WITNESS WHEREOF, each of the undersigned Grantors has caused this Pledge Supplement to be duly executed and delivered by its duly authorized officer as of the date above first written. GRANTOR: BERRY PLASTICS CORPORATION By:/s/ James M. Kratochvil --------------------------- Name: James M. Kratochvil Title: Secretary LANDIS PLASTICS, INC. By:/s/ James M. Kratochvil ---------------------------- Name: James M. Kratochvil Title: Secretary SUPPLEMENT TO SCHEDULE 3.1 TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: GENERAL INFORMATION (A) Full Legal Name, Type of Organization, Jurisdiction of Organization, Chief Executive Office/Sole Place of Business (or Residence if Grantor is a Natural Person) and Federal Taxpayer Identification Number of Grantor:
CHIEF EXECUTIVE OFFICE/SOLE PLACE FEDERAL TAXPAYER TYPE OF JURISDICTION OF BUSINESS (OR RESIDENCE IF IDENTIFICATION FULL LEGAL NAME ORGANIZATION OF ORGANIZATION GRANTOR IS A NATURAL PERSON) NUMBER --------------- ------------ --------------- ---------------------------- ------ Landis Plastics, Inc. Corporation Illinois Ira G. Boots ###-###-####
(B) Other Names (including any Trade-Name or Fictitious Business Name) under which each Grantor has conducted business for the past five years: None. (C) Changes in Name, Jurisdiction of Organization, Chief Executive Office or Sole Place of Business (or Principal Residence if Grantor is a Natural Person), Federal Taxpayer Identification Number and Corporate Structure within past five years: None. (D) Agreements entered into by another Person pursuant to which Grantor has become bound as a debtor within past five (5) years: None. (E) Financing Statements:
NAME OF GRANTOR JURISDICTION --------------- ------------ Landis Plastics, Inc. Illinois
-1- SUPPLEMENT TO SCHEDULE 3.2 TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: LOCATION OF EQUIPMENT AND INVENTORY
NAME OF GRANTOR LOCATION OF EQUIPMENT AND INVENTORY - --------------- ----------------------------------- Landis Plastics, Inc. 8400 West Washington Street Tolleson AZ, 85353 Maricopa County 5750-5751 118th Street Alsip IL, 60482 Cook County 11600/11700 South Central Avenue Alsip IL, 60658 Cook County 1500 Milton Ave Solvay NY, 13209 Onodaga County 1207 North 6th Street Monticello IN, 47960 White County 630 Commerce Road Richmond IN, 47374 Wayne County
-2- SUPPLEMENT TO SCHEDULE 3.4(A) TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: INVESTMENT RELATED PROPERTY DEPOSIT ACCOUNTS:
- -------------------------------------------------------------------------------------------------------------- FEDERAL TAX ID NUMBER OF ACCOUNT NUMBER ACCOUNT HOLDER NAME AND ADDRESS OF BANK BANK - -------------------------------------------------------------------------------------------------------------- 1. 4108051 Landis Plastics, Inc. Bank One ###-###-#### 7610 W. Washington Street Indianapolis, IN 46231 2. 500207802 Landis Plastics, Inc. Bank One ###-###-#### 7610 W. Washington Street Indianapolis, IN 46231 3. 100063701 Landis Plastics, Inc. Founders Bank ###-###-#### 8825 West 11th Street Worth, IL 60482 4. 411-1078087 Landis Plastics, Inc. Chase Manhattan Bank ###-##-#### P.O. Box 5206 New Hyde Park, NY 11042 5. 750-0018570 Landis Plastics, Inc. Wells Fargo Bank Indiana 35-0783575 P.O. Box 960 Fort Wayne, IN 46801 6. 1013247 Landis Plastics, Inc. Wayne Bank & Trust Co. 35-0744110 P.O. Box 210145 W. Main Street Cambridge City, IN ###-###-#### - --------------------------------------------------------------------------------------------------------------
-3- SUPPLEMENT TO SCHEDULE 3.4(B) TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: EQUITY INTERESTS IN ANOTHER ENTITY ACQUIRED WITHIN THE LAST FIVE YEARS.
- ---------------------------------------------------------------------------------------------------------------- GRANTOR ACQUIRED ENTITY PERCENTAGE OF OWNERSHIP DATE OF ACQUISITION - ---------------------------------------------------------------------------------------------------------------- Berry Plastics Corporation Landis Plastics, Inc. 100% November [ ], 2003 - ----------------------------------------------------------------------------------------------------------------
-4- SUPPLEMENT TO SCHEDULE 3.5 TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: DESCRIPTION OF MATERIAL CONTRACTS 1. Strategic Supplier Alliance Agreement by and between the Company and Kraft Foods North America, Inc. dated January 1, 2001. 2. Sales Contract by and between The Dow Chemical Company and the Company dated August 1, 2001. 3. Letter Agreement between the Company and Basell USA Inc. dated January 14, 2003. 4. Contract for Sale of Polymers between the Company and Equistar Chemicals, LP, Polymers Division, dated July 1, 2001. 5. Sun Chemical Corporation Ink Supply Agreement between the Company and Sun Chemical Corporation dated June 14, 2002. -5- SUPPLEMENT TO SCHEDULE 3.7 TO PLEDGE AND SECURITY AGREEMENT ADDITIONAL INFORMATION: INTELLECTUAL PROPERTY (A) Copyrights: None (B) Copyright Licenses: None (C) Patents and Patent Applications:
- ------------------------------------------------------------------------------------------------------------ PATENT OR APPLICATION FILING NUMBER DATE ISSUE DATE TITLE - ------------------------------------------------------------------------------------------------------------ CA 1,245,819 6/5/85 12/6/88 Annular injection molding nozzles with central heater probes CA 1,311,217 1/15/88 12/8/92 Tear strip closure for container with security ring with strip provided with pull tab, pulling acting to expose lift tab US 4,759,465 9/3/87 7/26/88 Tear strip closure for container with security ring with lift tab connected to upper part of skirt to allow removal of closure US 4,819,825 2/5/88 4/11/89 Tear strip closure with tamper indication US 4,826,039 2/5/88 5/2/89 Container closure with anti-nesting ribs US 4,872,586 9/25/87 10/10/89 Container closure and assembly US 5,238,135; 3/18/92; 8/24/93; Easy-open tear strip lid CA 2,091,947 3/18/93 9/19/93 CA 2,126,390(1) 6/21/94 12/22/95 Closure for dairy container. CA 1,239,514 7/12/85 7/26/88 Injection Molding Apparatus US D369,107 12/13/94 4/23/96 Design of lid with partially removable gripping flange US D389058 1/6/95 1/13/98 Design of plastic container lid US 09/571,634 5/15/00 Applications Thin wall closure container CA ###-###-#### 11/16/00 pending US 60/463,361 4/16/03 Application Tamper evident lid and container pending - ------------------------------------------------------------------------------------------------------------
- ------------------------ (1) The next maintenance fee is due in June, 2004. The Company may decide not to pay the fee. -6- (D) Patent Licenses:
- ------------------------------------------------------------------------------------------------------ PATENT NUMBER FILING DATE ISSUE DATE USE - ------------------------------------------------------------------------------------------------------ 4,735,337 5/26/87 4/5/88 Right to use molds incorporating the zig-zag tear strip embodiment of the '337 patent sold by Plas-Tool Co. to produce products, so long as the lid is also covered by the Landis '135 patent - ------------------------------------------------------------------------------------------------------
(E) Trademarks 1. Trademark Registrations:
- -------------------------------------------------------------------------------------------------- STATE OR REGISTRATION NUMBER MARK COUNTRY REGISTRATION DATE - -------------------------------------------------------------------------------------------------- 1,153,982 LPI US 5/12/81; renewed 5/12/01 1,813,752 LPI [design mark] US 12/28/93 - --------------------------------------------------------------------------------------------------
2. Domain Names:
DOMAIN NAME OWNER OF RECORD EXPIRATION DATE - ------------------------------------------------------------------------------------------------ E-LPI.COM Landis Plastics, Inc. 1/6/09 LPIDIRECT.COM Landis Plastics, Inc. 8/23/08 LANDISPLASTICS.COM Landis Plastics, Inc. 12/11/07 - ------------------------------------------------------------------------------------------------
(F) Trademark Licenses: None (G) Trade Secret Licenses: None (H) Intellectual Property Matters Other License Agreements: 1. Strategic Supplier Alliance Agreement by and between the Company and Kraft Foods North America, Inc. dated January 1, 2001, appears to relate to rights in certain joint technology; expires December 31, 2003. -7-