EXECUTION COPY

Exhibit 10.1

AMENDMENT AGREEMENT
Dated 18 APRIL 2017

Between

COÖPERATIEVE RABOBANK U.A. TRADING AS RABOBANK LONDON

and

COÖPERATIEVE RABOBANK U.A.

and

NIEUW AMSTERDAM RECEIVABLES CORPORATION B.V.

and

COOPERAGE RECEIVABLES FINANCE B.V.

and

STICHTING COOPERAGE RECEIVABLES FINANCE HOLDING

and

GREIF SERVICES BELGIUM BVBA

and

GREIF, INC.

and

THE ORIGINATORS AS DESCRIBED HEREIN

and

TRUST INTERNATIONAL MANAGEMENT (T.I.M.) B.V.

in connection with a Master Definitions Agreement dated 27 April 2012 and as
amended and restated on 20 April 2015.

amba6284959v6amendmenimage1a.jpg [amba6284959v6amendmenimage1a.jpg]
Allen & Overy LLP

 
0067324-0000012 AMBA:6284959.6
 

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CONTENTS

Clause     Page
1.
Interpretation...............................................................................................................................2

2.
Effective
Date..............................................................................................................................2

3.
Amendments
...............................................................................................................................2

4.
Removal of Greif Norway AS and EarthMinded Netherlands B.V. from the
Programme..........2

5.
Representations, Warranties and
Covenants................................................................................3

6.
Effectiveness and
Continuity.......................................................................................................3

7.
Further
Assurance........................................................................................................................3

8.
Governing law and
Jurisdiction...................................................................................................3

Schedule    
1.
The Originators
...........................................................................................................................4

2.
Amended and Restated Master Definitions
Agreement..............................................................5

Signatories................................................................................................................................................6

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THIS AGREEMENT is dated 18 April 2017
BETWEEN:
(1)
COÖPERATIEVE RABOBANK U.A. TRADING AS RABOBANK LONDON a cooperative with
excluded liability (coöperatie met uitgesloten aansprakelijkheid) incorporated
under the laws of The Netherlands, having its corporate seat (statutaire zetel)
in Amsterdam, the Netherlands and its registered office at Croeselaan 18, 3521
CB Utrecht, The Netherlands acting through its office at Thames Court, One
Queenhithe, London, EC4V 3RL, the United Kingdom, acting in its capacity as
funding administrator, committed purchaser and Main SPV administrator (the
Funding Administrator, Committed Purchaser and Main SPV Administator);

(2)
COÖPERATIEVE RABOBANK U.A., a cooperative with excluded liability (coöperatie
met uitgesloten aansprakelijkheid) incorporated under the laws of The
Netherlands, having its corporate seat (statutaire zetel) in Amsterdam, the
Netherlands and its registered office at Croeselaan 18, 3521 CB Utrecht, The
Netherlands acting in its capacity as facility agent, Main SPV account Bank and
Italian intermediary (the Facility Agent, Main SPV Account Bank and the Italian
Intermediary);

(3)
NIEUW AMSTERDAM RECEIVABLES CORPORATION B.V., a private company with limited
liability, (besloten vennootschap met berperkte aansprakelijkheid) having its
corporate seat in Amsterdam, the Netherlands, and having its registered office
at Prins Bernhardplein 200, 1097 JB Amsterdam, The Netherlands acting as conduit
purchaser (the Conduit Purchaser);

(4)
COOPERAGE RECEIVABLES FINANCE B.V., a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid), incorporated under the
laws of The Netherlands having its corporate seat (statutaire zetel) in
Amsterdam, The Netherlands and its registered office at Naritaweg 165, 1043 BW
Amsterdam, The Netherlands acting as main SPV (the Main SPV);

(5)
STICHTING COOPERAGE RECEIVABLES FINANCE HOLDING, a foundation (stichting)
established under the laws of The Netherlands having its statutory seat
(statutaire zetel) in Amsterdam, The Netherlands and its registered office at
Naritaweg 165 Telestone 8, 1043 BW Amsterdam, The Netherlands (the Shareholder);

(6)
GREIF SERVICES BELGIUM BVBA (formerly named Greif Coordination Center BVBA), a
company incorporated under Belgian law, registered with the register of legal
entities (RPM/RPR) under the number 0438.202.052, Commercial Court of Antwerp
(division Antwerp), Belgium, whose registered office is at Beukenlei 24, 2960
Brecht, Belgium acting in its capacity as subordinated lender, onward seller,
originator agent and servicer (Greif CC, Subordinated Lender, Belgian
Intermediary, Originator Agent and Servicer);

(7)
GREIF, INC., a corporation incorporated under the laws of the state of Delaware
whose registered office is 425 Winter Road, Delaware, Ohio 43015, United States
of America acting as performance indemnity provider (the Performance Indemnity
Provider);

(8)
The entities set out in Schedule 1 (the Originators); and

(9)
TRUST INTERNATIONAL MANAGEMENT (T.I.M.) B.V., a private company with limited
liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated
under the laws of The Netherlands having its corporate seat (statutaire zetel)
in Amsterdam, The Netherlands and its registered office at Naritaweg 165
Telestone 8, 1043 BW Amsterdam, The Netherlands in its capacity as Main SPV's
Director and Shareholder's Director.

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The entities mentioned in, or referred to above under items (1) to (9) are each
a Party and together the Parties.
BACKGROUND
(A)
The Parties have entered into a Master Definitions Agreement dated 27 April
2012, as amended and restated on 20 April 2015 and as further amended and
restated on the date hereof (the Master Definitions Agreement) and into various
other Transaction Documents in connection with a trade receivables
securitisation programme (the Programme). Capitalised terms used in this
Agreement, unless otherwise defined herein, shall have the meanings provided in
Clause 1.1 (Interpretation).

(B)
The Parties wish to extend the Facility Maturity Date of the Programme with two
years.

(C)
The Parties to this Agreement intend that the Transaction Documents shall be
amended, with effect from (and including) the date hereof, in the manner and as
set out in this Agreement.

IT IS AGREED as follows:
1.
INTERPRETATION

1.1
Words and expressions used in this Agreement, including the recitals hereto,
shall have the meanings and constructions ascribed to them as set out in the
Master Definitions Agreement.

1.2
Any reference in any Transaction Document to Nieuw Amsterdam Receivables
Corporation or Nieuw Amsterdam Receivables Corporation S.à.r.l. shall be
construed as a reference to Nieuw Amsterdam Receivables Corporation B.V.

1.3
Any reference in any of the Transaction Documents to Greif Coordination Center
BVBA shall be construed as a reference to Greif Services Belgium BVBA.

1.4
Any reference in any of the Transaction Documents to Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A. shall be construed as a reference to Coöperatieve
Rabobank U.A.

1.5
The Common Terms set out in the Master Definitions Agreement apply to this
Agreement and shall be binding on the parties to this Agreement as if set out in
full herein, save where the Common Terms conflict with the provisions of this
Agreement, in which case the provisions of this Agreement shall prevail.

1.6
The expression Agreement shall herein mean this Agreement including the
Schedules hereto.

1.7
This Agreement expresses and describes Dutch legal concepts in English and not
in their original Dutch terms. Consequently, this Agreement is concluded on the
express condition that all words, terms and expressions used herein shall be
construed and interpreted in accordance with Dutch law.

2.
EFFECTIVE DATE

This agreement shall become effective on the date first set out above (the
Effective Date).
3.
AMENDMENTS

3.1
The Master Definitions Agreement shall be amended with effect from the Effective
Date so that it reads as if it were restated in the form set out in Schedule 2
(Amended and Restated Master Definitions Agreement).

3.2
Each of the Facility Agent, the Italian Intermediary and Greif CC in its
capacity as the Originators’ Agent, the Master Servicer and the Belgian
Intermediary designate this Agreement as a Transaction Document.

4.
REMOVAL OF GREIF NORWAY AS AND EARTHMINDED NETHERLANDS B.V. FROM THE PROGRAMME

4.1
Upon the Effective Date, all references to each of Greif Norway AS (Greif
Norway) and EarthMinded Netherlands B.V. (EarthMinded Netherlands) in the
Transaction Documents will be deemed to be deleted for all purposes. As a
result, each of Greif Norway and EarthMinded Netherlands will be unconditionally

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released from all its obligations under the Transaction Documents as from the
Effective Date. For the avoidance of doubt any liability that has arisen prior
to the Effective Date shall remain outstanding (including for the purposes of
the Performance and Indemnity Agreement).
4.2
Upon the Effective Date, (i) the Originator Receivables Purchase Agreement with
respect to the position of each of Greif Norway and EarthMinded Netherlands will
terminate automatically and (ii) the appointment of each of Greif Norway and
EarthMinded Netherlands as servicer of the Repurchase Receivables will
terminate.

4.3
Each of Greif Norway and EarthMinded Netherlands terminates the appointment of
Greif CC as its Originator Agent as per the day after the Effective Date.

5.
REPRESENTATIONS, WARRANTIES AND COVENANTS

5.1
On the Effective Date, each of the Main SPV and each Greif Transaction Party
which is a party to this Agreement shall hereby reaffirm all covenants,
representations and warranties made by such Party in each of the Transaction
Documents and agrees that all such covenants, representations and warranties
shall be deemed to have been remade as of the Effective Date.

5.2
Each of the Parties hereby represents and warrants that this Agreement
constitutes its legal, valid and binding obligation, enforceable against it in
accordance with its terms.

6.
EFFECTIVENESS AND CONTINUITY

6.1
All other provisions of the Transaction Documents (other than those amended by
this Agreement) shall continue in full force and effect and are hereby ratified
and confirmed by the Parties hereto.

6.2
The Collection Account Pledge Agreements shall remain in full force and effect
and are hereby ratified and confirmed by the Parties hereto.

6.3
For the avoidance of doubt, the Performance Indemnity Provider confirms for the
benefit of the Beneficiaries (as defined in the Performance Indemnity Agreement)
that all obligations owned by it under the Performance Indemnity Agreement shall
remain in full force and effect notwithstanding the amendments set out in this
Agreement.

7.
FURTHER ASSURANCE

Each of Main SPV and each Greif Transaction Party which is a party to this
Agreement shall, at the request of the Facility Agent and at their own expense,
do all such acts and things necessary or desirable to give effect to the
amendments effected or to be effected pursuant to this Agreement.
8.
GOVERNING LAW AND JURISDICTION

This Agreement and any non-contractual obligations shall be governed by, and
shall be construed in accordance with, the laws of The Netherlands. The parties
agree that the competent court in Amsterdam, The Netherlands, shall have the
exclusive jurisdiction to settle any disputes which may arise out of or in
connection with this Agreement including any non-contractual obligations arising
out of or in relation to this Agreement.

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SCHEDULE 1
THE ORIGINATORS
No.
Originator name
 
Location
 
 
 
 
1
Greif Belgium BVBA
 
Belgium
2
Greif Nederland B.V.
 
The Netherlands
3
Greif Italia S.p.A.
 
Italy
4
Greif Plastics Italy Srl (formerly named Fustiplast S.p.A.)
 
Italy
5
Greif France S.A.S.
 
France
6
EarthMinded France SAS (formerly named Pack2pack Lille SAS)
 
France
7
Greif Packaging Spain S.A.
 
Spain
8
Greif UK Ltd.
 
England
9
Greif Germany GMBH
 
Germany
10
Greif Plastics Germany GmbH (formerly named EarthMinded Germany GmbH (which was
formerly named Pack2pack Mendig GmbH) and merged with Greif Plastics Germany
GmbH (which was formerly named Fustiplast GmbH))
 
Germany
11
Greif Portugal S.A.
 
Portugal
12
Greif Sweden Aktiebolag (merged with Greif Packaging Sweden Aktiebolag)
 
Sweden

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SCHEDULE 2
AMENDED AND RESTATED MASTER DEFINITIONS AGREEMENT

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SIGNATORIES
COÖPERATIEVE RABOBANK U.A.; TRADING AS RABOBANK LONDON
As Funding Administrator, Committed Purchaser and Main SPV Administrator
/s/ Carlo Bonacquisti
 
/s/ James Han
 
 
 
 
By: Carlo Bonacquisti
 
By: James Han
Title: Director
 
Title: Managing Director

COÖPERATIEVE RABOBANK U.A.
As Facility Agent, Main SPV Account Bank and Italian Intermediary
/s/ Eugene van Esveld
 
/s/ Jennifer Vervoorn
 
 
 
 
By: Eugene van Esveld
 
By: Jennifer Vervoorn
Title: Managing Director
 
Title: Director

NIEUW AMSTERDAM RECEIVABLES CORPORATION B.V.
As Conduit Purchaser
/s/ Authorized Officer
 
 
 
 
 
 
 
By: Authorized Officer
 
 
 
Title: Intertrust Management B.V Managing Director
 
 

COOPERAGE RECEIVABLES FINANCE B.V.
As Main SPV    
/s/ Authorized Officer
 
 
 
 
 
 
 
By: Authorized Officer
 
 
 
Title: Trust International Management (T.I.M.) B.V. Managing Director
 

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STICHTING COOPERAGE RECEIVABLES FINANCE
As Shareholder
/s/ Authorized Officer
 
 
 
 
 
 
 
By: Authorized Officer
 
 
 
Title: Trust International Management (T.I.M.) B.V. Managing Director
 

GREIF SERVICES BELGIUM BVBA
for itself as Servicer, Subordinated Lender and Belgian Intermediary
/s/ Frank Maes
 
 
 
 
 
 
 
By: Frank Maes
 
 
 
Title: Director
 
 
 

GREIF SERVICES BELGIUM BVBA
As Originators' Agent and on behalf of each Originator
/s/ Frank Maes
 
 
 
 
 
 
 
By: Frank Maes
 
 
 
Title: Director
 
 
 

GREIF, INC.
As Performance Indemnity Provider
/s/ Gary Martz
 
 
 
 
 
 
 
By: Gary Martz
 
 
 
Title: Executive Vice President
 
 
 

TRUST INTERNATIONAL MANAGEMENT (T.I.M.) B.V.
As Director
/s/ Authorized Officer
 
 
 
 
 
 
 
By: Authorized Officer
 
 
 
Title: Trust International Management (T.I.M.) B.V. Managing Director
 

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