EX-4.3 7 dex43.txt STIPULATION REGARDING CONFIRMATION EXHIBIT 4.3 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: IMPERIAL DISTRIBUTING, INC., IMPERIAL HOLLY (S) CORPORATION, IMPERIAL-SAVANNAH, L.P., (S) IMPERIAL SUGAR COMPANY, IMPERIAL SWEETENER (S) Chapter 11 DISTRIBUTORS, INC., BIOMASS CORPORATION, (S) Case Nos. 01-00140 CROWN EXPRESS, INC., DIAMOND CRYSTAL (S) through 01-00176(SLR) BRANDS, INC., DIAMOND CRYSTAL BRANDS, L.P., (S) (Jointly Administered) DIAMOND CRYSTAL HOLDINGS, INC., DIAMOND (S) CRYSTAL SPECIALTY FOODS, INC., DIXIE CRYSTAL (S) FOODSERVICE, INC., DSLT HOLDING COMPANY (S) FOODCARRIER, INC., FORT BEND UTILITIES (S) COMPANY, GREAT LAKES SUGAR COMPANY, HOLLY (S) FINANCE COMPANY, HOLLY NORTHWEST (S) COMPANY, HOLLY SUGAR CORPORATION, HSC (S) EXPORT CORP., ICUBE, INC., KING PACKAGING (S) COMPANY, INC., LIMESTONE PRODUCTS COMPANY (S) MENU MAGIC FOODS, INC., MICHIGAN SUGAR (S) COMPANY, PHOENIX PACKAGING CORPORATION (S) RAGUS HOLDINGS, INC., SAVANNAH FOODS & (S) INDUSTRIES, INC., SAVANNAH FOODS INDUSTRIAL, (S) INC., SAVANNAH INTERNATIONAL COMPANY, (S) SAVANNAH INVESTMENT COMPANY, SAVANNAH (S) MOLASSES & SPECIALTIES COMPANY, SAVANNAH (S) PACKAGING COMPANY, SAVANNAH SUGAR (S) REFINING CORPORATION, SAVANNAH TOTAL (S) INVERT COMPANY, WHOLESOME SWEETENERS (S) GROUP, LTD., and WHOLESOME SWEETENERS, L.L.C. (S) Debtors STIPULATION REGARDING CONFIRMATION OBJECTION OF MISSOURI DEPARTMENT OF REVENUE AND AMENDMENT TO DEBTORS' SECOND AMENDED AND RESTATED JOINT PLAN OF REORGANIZATION DATED JUNE 5, 2001 --------------------------------- Pursuant to the stipulation of the debtors in the above-captioned case (collectively the "Debtors) and the Missouri Department of Revenue ("MDOR"), as evidenced by the signatures of counsel below, the Debtors submit this Amendment (the "Amendment") to Debtors' Second Amended and Restated Joint Plan of Reorganization dated June 5, 2001 (the "Plan") in resolution of the objection filed by MDOR to confirmation of the Plan. In furtherance of their agreement, the parties stipulate and agree as follows: 1. All Missouri corporate income tax returns required to be filed by a Debtor shall be filed on or before the later of (1) the due date for such returns under applicable non-bankruptcy law or (2) the first Business Day (as defined in the Plan) which is thirty days after the effective date of the Plan. 2. Upon filing of this Amendment, the objection of MDOR to the Plan shall be deemed irrevocably withdrawn. Amendment At the end of Article 2.2 of the Plan, there shall be added a new Article 2.3 which provide as follows: 2.3 Payment Procedures for Priority Tax Claims. Priority Tax Claims treated in accordance with Article 2.2 shall be paid in equal quarterly installments, beginning, after the initial payment, on the fifteenth (15th) of the first month of each calendar-year quarter, with subsequent payments to be made on the fifteen day of each subsequent quarter, unless otherwise mutually agreed between the Debtors and an applicable taxing authority. In the event of a default on obligations under Article 2.2 of the Plan which is not cured on or before the thirtieth (30th) day after written notice to the Debtors, the interest rate on obligations under Article 2.2 of the Plan shall be the rate provided in applicable statute, which in the case of the Missouri Department of Revenue shall be ten percent (10%). Except as otherwise expressly provided in this Amendment, all other terms and conditions of the Plan shall remain as stated therein. Dated: August 7, 2001 Wilmington, Delaware IMPERIAL SUGAR COMPANY By: /s/ James C. Kempner -------------------- James C. Kempner President and Chief Executive Officer IMPERIAL DISTRIBUTING, INC. By: /s/ W. F. Schwer --------------------- William F. Schwer President IMPERIAL HOLLY CORPORATION By: /s/ W. F. Schwer ----------------- William F. Schwer Senior Vice President IMPERIAL-SAVANNAH, L.P. By: /s/ W. F. Schwer ----------------- William F. Schwer as Senior Vice President of Savannah Molasses and Specialties Company, its general partner IMPERIAL SWEETENER DISTRIBUTORS, INC. By: /s/ W. F. Schwer ----------------- William F. Schwer Senior Vice President BIOMASS CORPORATION By: /s/ W. F. Schwer ---------------- William F. Schwer President CROWN EXPRESS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer President DIAMOND CRYSTAL BRANDS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President DIAMOND CRYSTAL BRANDS, L.P. By: /s/ W. F. Schwer ---------------- William F. Schwer as Senior Vice President of Diamond Crystal Holdings, Inc., its general partner DIAMOND CRYSTAL HOLDINGS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President DIAMOND CRYSTAL SPECIALTY FOODS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President DIXIE CRYSTAL FOODSERVICE, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President DSLT HOLDING COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President FOOD CARRIER, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President FORT BEND UTILITIES COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President GREAT LAKES SUGAR COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President HOLLY FINANCE COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President HOLLY NORTHWEST COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer President HOLLY SUGAR CORPORATION By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President and General Counsel HSC EXPORT CORP. By: /s/ W. F. Schwer ---------------- William F. Schwer Vice President ICUBE, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer President KING PACKAGING COMPANY, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President LIMESTONE PRODUCTS COMPANY, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer President MENU MAGIC FOODS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President MICHIGAN SUGAR COMPANY By: /s/ W. F. Schwer --------------- William F. Schwer Senior Vice President PHOENIX PACKAGING CORPORATION By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President RAGUS HOLDINGS, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer President SAVANNAH FOODS & INDUSTRIES, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President and General Counsel SAVANNAH FOODS INDUSTRIAL, INC. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President SAVANNAH INTERNATIONAL COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President SAVANNAH INVESTMENT COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer President SAVANNAH MOLASSES & SPECIALTIES COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President SAVANNAH PACKAGING COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President SAVANNAH SUGAR REFINING CORPORATION By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President SAVANNAH TOTAL INVERT COMPANY By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President WHOLESOME SWEETENERS GROUP, LTD. By: /s/ W. F. Schwer ---------------- William F. Schwer as Senior Vice President of Wholesome Sweeteners LLC, its general partner WHOLESOME SWEETENERS L.L.C. By: /s/ W. F. Schwer ---------------- William F. Schwer Senior Vice President Stipulated and Agreed: /s/ Jack L. Kinzie ------------------ Jack L. Kinzie Texas State Bar No. 11492130 BAKER BOTTS L.L.P. 2001 Ross Avenue Dallas, Texas 75201-2980 214.953.6500 (telephone) 214.953.6503 (fax) COUNSEL FOR THE DEBTORS /s/ Gary L. Barnhart -------------------- Gary L. Barnhart Missouri Bar No. 42917 Special Assistant Attorney General Missouri Department of Revenue General Counsel's Office 301 W. High Street, Room 670 P.O. Box 475 Jefferson City, Missouri 65105-0475 573.751.5531 (telephone) 573.751.7232 (fax) COUNSEL FOR MISSOURI DEPARTMENT OF REVENUE