Exhibit 10.19a

 

Execution Copy

 

AMENDMENT NO. 1 TO LICENSE AGREEMENT

 

This Amendment No. 1 to License Agreement (this “Amendment”) is entered into as
of the 10th day of November, 2003, by and between CROWN CORK & SEAL TECHNOLOGIES
CORPORATION, a Delaware corporation (“Licensor”) and CONSTAR INTERNATIONAL U.K.
LIMITED, a company organized and existing under the laws of Great Britain
(“Licensee”).

 

RECITALS

 

A. Licensor and Licensee are parties to that certain License Agreement (the
“Agreement”), entered into as of the 20th day of November, 2002.

 

B. Constar International Inc. (“Constar”) is entering into an Amendment No. 2,
dated as of the date hereof (the “Credit Agreement Amendment”), to the Credit
Agreement, dated as of November 20, 2002 (as amended by Amendment No. 1 dated as
of July 28, 2003), by and among Constar, Citigroup North America, Inc., as
Administrative Agent, JPMorgan Chase Bank, as Documentation Agent, SunTrust
Bank, as Co-Documentation Agent, Deutsche Bank Securities Inc. (“DBSI”), as
Syndication Agent, and Citigroup Global Markets Inc. and DBSI, as Joint Lead
Arrangers and Joint Bookrunners (the “Existing Credit Agreement”). The
Administrative Agent, on behalf of the Lenders (as defined in the Existing
Credit Agreement) has requested that certain terms and conditions of the
Agreement be amended as set forth herein, and it is a condition to the
effectiveness of the Credit Agreement Amendment that Licensor and Licensee enter
into this Amendment.

 

C. Licensor and Licensee desire to amend the Agreement, pursuant to the terms
set forth below.

 

AGREEMENTS

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and
other valuable considerations set forth herein, the parties hereto, intending to
be legally bound, hereby agree as follows:

 

1. Amendment to Section 14.2(b)(i).

 

Section 14.2(b)(i) is hereby deleted in its entirety and replaced with the
following:

 

“The following shall be considered events of default and shall give rise to a
right of Licensor to terminate this Agreement: (A) Licensee fails to make timely
payments due under this Agreement, subject to a ten (10) day cure period after
notice regarding such breach, (B) Licensee materially breaches any other
applicable provision of this Agreement, subject to a thirty (30) day cure period
after notice regarding such breach, or (C) Licensee experiences a change of
Control such that Licensee is controlled by a competitor of Crown. If Licensee
suffers a Bankruptcy Event, Licensor shall have the right to unilaterally make
reasonable modifications to

 

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the payment terms set forth in Section 5.2 and Section 9.2 of this Agreement at
any time after such Bankruptcy Event. Licensor shall promptly notify Licensee of
any such modifications to the payment terms of this Agreement.”

 

2. Miscellaneous.

 

2.1. Incorporation of Amendment. On and after the date hereof, each reference in
the Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of
like import shall be a reference to the Agreement as amended hereby.

 

2.2. Non-Disturbance. Except as expressly modified by this Amendment, the
provisions of the Agreement shall remain in full force and effect. Execution and
delivery of this Amendment shall not constitute or be deemed to be a waiver by
either party of any rights that such party may have under the Agreement.

 

2.3. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania.

 

2.4. Counterparts. This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original instrument, but all of which together
shall constitute but one and the same agreement. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile shall be as
effective as delivery of a manually executed counterpart of this Amendment.

 

 

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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed
the day and year first above written.

 

CROWN CORK & SEAL TECHNOLOGIES CORPORATION By:  

/s/    Daniel A. Abramowicz        

   

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Name: Daniel A. Abramowicz

Title: President

 

CONSTAR INTERNATIONAL U.K. LIMITED

By:  

/s/    Frank Gregory        

   

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Name: Frank Gregory

Title: Vice President

 

 

 

 

 

 

 

 

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