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EXHIBIT 10.2.8




SUPPLEMENTAL INDENTURE





     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of 20 December 2007,
among SIG Technology AG, a Swiss company limited by shares (Aktiengesellschaft) organised
under the laws of Switzerland having its business address at Laufengasse 18, CH-8212
Neuhausen am Rheinfall, Switzerland which is registered in the commercial register
(Handelsregister) of the Canton of Schaffhausen under CH-160 3 002 649-1 (the “New Senior
Note Guarantor”), BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A. (or its successor), a
Luxembourg public limited liability company (société anonyme), having its registered office
at 6, Parc d’Activités Syrdall, L-5365 Munsbach, Grand-Duchy of Luxembourg,
registered with the Luxembourg register of commerce and companies under the number B129.914
(the “Issuer”) and The Bank of New York, as trustee under the indenture referred to below
(the “Trustee”).



W I T N E S S E T H :




     WHEREAS the Issuer has heretofore executed and delivered to the Trustee an indenture
(as amended, supplemented or otherwise modified, the “Indenture”) dated as of June 29,
2007, providing for the issuance of the Issuer’s 8% Senior Notes due 2016 (the
“Securities”), initially in the aggregate principal amount of €480,000,000;




     WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the
Issuer is required to cause the New Senior Note Guarantor to execute and deliver to the
Trustee a supplemental indenture pursuant to which the New Senior Note Guarantor shall
unconditionally guarantee all the Issuer’s Obligations under the Securities and the
Indenture pursuant to a Senior Note Guarantee on the terms and conditions set forth herein;
and




     WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and the Issuer are
authorized to execute and deliver this Supplemental Indenture;




     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Senior Note Guarantor,
the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of
the holders of the Securities as follows:




     1. Defined Terms. As used in this Supplemental Indenture, terms defined in
the Indenture or in the preamble or recital hereto are used herein as therein defined,
except that the term “Holders” in this Supplemental Indenture shall refer to the term
“Holders” as defined in the Indenture and the Trustee acting on behalf of and for the
benefit of such Holders. The words “herein,” “hereof”



 









 






and “hereby” and other words of similar import used in this Supplemental Indenture
refer to this Supplemental Indenture as a whole and not to any particular section hereof.




     2. Agreement to Guarantee. The New Senior Note Guarantor hereby agrees,
jointly and severally with all existing Senior Note Guarantors (if any), to unconditionally
guarantee the Issuer’s Obligations under the Securities and the Indenture on the terms and
subject to the conditions set forth in Article X and Article XI of the Indenture and to be
bound by all other applicable provisions of the Indenture and the Securities and to perform
all of the obligations and agreements of a Senior Note Guarantor under the Indenture,
provided always that the New Senior Note Guarantor shall:




	(a)	 	only be liable to Holders under the Indenture or any other Credit Agreement
Documents in relation to guaranteed obligations of the Issuer, other than the New Senior
Note Guarantor’s own obligations or obligations of one of the New Senior Note
Guarantor’s Subsidiaries, to the extent such obligations do not constitute a repayment
of capital (Einlagerueckgewaehr), a violation of the legally protected reserves
(gesetzlich geschuetzte Reserven) or a payment of a (constructive) dividend prohibited
by the Swiss Federal Code of Obligations by the New Senior Note Guarantor and in the
maximum amount of its profits available for the distribution of dividends at the point
in time the New Senior Note Guarantor’s obligations fall due (being the balance sheet
profits and any free reserves made for this purpose, in each case in accordance with the
relevant Swiss law);






	(b)	 	for such payments procure to pass a shareholders’ resolutions for the
distribution of dividends in accordance with the relevant provisions of the Swiss
Federal Code of Obligations being in force at that time; (currently the profits
available for the distribution of dividends as described above must be determined based
on an audited balance sheet and such shareholders’ resolution must be based on an
auditors report approving the proposed distribution of dividends); and






	(c)	 	deduct from such payments Swiss Anticipatory Tax (withholding tax) at the rate of
35% (or such other rate as in force from time to time) and subject to any applicable
double taxation treaty and/or agreements entered into with the Swiss Federal Tax
administration:






	 	(i)	 	pay such deduction to the Swiss Federal Tax Administration; and
	 
	 	(ii)	 	give evidence to the respective beneficiary or beneficiaries (as the same may be)
of such deduction in accordance with Section 4.15 of the Indenture.




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	 	(iii)	 	but to the extent such a deduction is made not be obliged to gross-up
pursuant to Section 4.15 of the Indenture if as a result of such gross-up the
aggregate amounts paid to the beneficiary or beneficiaries (as the same may be) and
the Swiss Federal Tax administration exceed the maximum amount of its profits
available for the distribution of dividends.






     3. Notices. All notices or other communications to the New Senior Note
Guarantor shall be given as provided in Section 13.02 of the Indenture.




     4. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed
and all the terms, conditions and provisions thereof shall remain in full force and effect.
This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
holder of Securities heretofore or hereafter authenticated and delivered shall be bound
hereby.




     5. Governing Law and Jurisdiction. THIS SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW. The Issuer and the New Senior Note Guarantor
irrevocably and unconditionally:




	(a)	 	agree that any legal suit, action or proceeding against the Issuer or the New
Senior Note Guarantor arising out of or based upon this Supplemental Indenture, the
Indenture, the Securities or any Senior Note Guarantee or the transactions contemplated
hereby may be instituted in any U.S. Federal or state court in the Borough of Manhattan,
The City of New York, and courts of its own corporate domicile to the extent it is a
defendant; and






	(b)	 	waive, to the fullest extent they may effectively do so, any objection which they
may now or hereafter have to the laying of venue of any such proceeding.






     6. Trustee Makes No Representation. The Trustee shall not be responsible in
any manner whatsoever for or in respect of the recitals contained herein, all of which
recitals are made solely by the Issuer and the New Senior Note Guarantor. Furthermore, the
Trustee makes no representation as to the validity or sufficiency of this Supplemental
Indenture.




     7. Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement.




     8. Effect of Headings. The Section headings herein are for convenience only
and shall not effect the construction thereof.



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     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be
duly executed as of the date first above written.



	 	 	 	 	 
	 	SIG TECHNOLOGY AG,

 	 
	 	By:  	/s/ Cindi Lefari
 	 
	 	 	Name:  	Cindi Lefari 	 
	 	 	Title:  	 	 
	 
	 	By:  	                         /s/ Sarah Snow
 	 
	 	 	Name:  	Sarah Snow 	 
	 	 	Title:  	 	 
	 
	 	THE BANK OF NEW YORK, as Trustee,

 	 
	 	By:  	/s/ Mark Elsom
 	 
	 	 	Name:  	Mark Elsom 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A.,

 	 
	 	By:  	/s/ Sarah Snow
 	 
	 	 	Name:  	Sarah Snow 	 
	 	 	Title:  	 	 
	 




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