Document:

exv4w483

EXHIBIT 4.483

AMENDMENT AGREEMENT NO. 5

Dated 8 September 2011

for

CSI HUNGARY GYÁRTÓ ÉS KERESKEDELMI KORLÁTOLT FELELŐSSÉGŰ

TÁRSASÁG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

RELATING TO A

FIXED CHARGE AGREEMENT

DATED 29 JANUARY 2010 AS AMENDED ON 4 MAY 2010, 16

NOVEMBER 2010, 1 FEBRUARY 2011 AND 9 FEBRUARY 2011

The taking of this document or any certified copy of it or any document which constitutes
substitute documentation for it, or any document which includes written confirmations or references
to it, into Austria as well as printing out any e-mail communication which refers to any Loan
Document in Austria or sending any e-mail communication to which a pdf scan of this document is
attached to an Austrian addressee or sending any e-mail communication carrying an electronic or
digital signature which refers to any Loan Document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified
copies thereof and written and signed references to it outside of Austria and avoid printing out
any email communication which refers to any Loan Document in Austria or sending any e-mail
communication to which a pdf scan of this document is attached to an Austrian addressee or sending
any e-mail communication carrying an electronic or digital signature which refers to any Loan
Document to an Austrian addressee.

 

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 8 September 2011

BETWEEN:

	(1)	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű Társaság, a limited liability
company incorporated under the laws of Hungary, having its registered office as at the date of
this Agreement at Berényi út 72-100., 8000 Székesfehérvár, Hungary, registered with the Fejér
County Court acting as court of registration under registration number Cg. 07-09-013757, as
chargor under this Agreement (hereinafter referred to as the “Chargor”);
	 
	 	 	and
	 
	(2)	 	Wilmington Trust (London) Limited, acting as chargee under this Agreement, in its capacity as
collateral agent acting on behalf and for the benefit of the Secured Parties (as defined
below), as appointed under the First Lien Intercreditor Agreement and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assign in such capacity, referred to as the
“Collateral Agent” or the “Chargee”);
	 
	(1)	 	and (2) are together hereinafter referred to as the “Parties” and “Party” means any of
them, as the context may require.

RECITALS:

	(A)	 	The Parties hereby declare that the Fixed Charge Agreement (as defined below) was
originally concluded on 29 January 2010 between the Chargee and the Chargor, pursuant to both
(i) a credit agreement dated 5 November 2009 (as subsequently amended, amended and restated,
supplemented and/or as otherwise modified) between among others Reynolds Group Holdings Inc.,
Reynolds Consumer Products Holdings Inc., Closure Systems International Holdings Inc., SIG
Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Pactiv Corporation, Closure Systems
International B.V., the other borrowers party thereto, the lenders from time to time parties
thereto, and Credit Suisse AG as administrative agent (the “Credit Agreement”) and (ii) an
indenture dated 5 November 2009 between, among others, Reynolds Group Escrow LLC, Reynolds
Group DL Escrow Inc. and The Bank of New York Mellon, as trustee, principal paying agent,
transfer agent and registrar, as modified, amended or supplemented from time to time (the
“2009 Indenture”), and the Fixed Charge Agreement was amended pursuant to, among others, (x)
an indenture dated 15 October 2010 between, among others, RGHL US Escrow I Inc., RGHL US
Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited as additional collateral agent, as modified, amended or supplemented
from time to time (the “2010 Indenture”) and (y) an indenture dated 1 February 2011 between,
among others, Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer
(Luxembourg) S.A. and The Bank of New York Mellon, as trustee, principal paying agent,
transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as
additional collateral agent, as modified, amended or supplemented from time to time (the
“February 2011 Indenture”).

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	(B)	 	In connection with the Credit Agreement, the 2009 Indenture, the 2010 Indenture and
the February 2011 Indenture certain parties have entered into a first lien intercreditor
agreement dated 5 November 2009 between, among others, The Bank of New York Mellon as
trustee under the 2009 Indenture, Credit Suisse AG as representative under the Credit
Agreement and each grantor that are parties thereto, as subsequently amended by Amendment
No. 1 and Joinder Agreement dated 21 January 2010, which added the Collateral Agent as a
collateral agent under the First Lien Intercreditor Agreement (the “First Lien Intercreditor
Agreement”).
	 
	(C)	 	Pursuant to an amendment no. 6 and incremental term loan assumption agreement (the
“Amendment No. 6”) dated 9 August 2011, and entered into between, among others, Reynolds Group
Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Pactiv Corporation,
Closure Systems International B.V., the other borrowers party thereto, the lenders from time
to time party thereto and Credit Suisse AG as administrative agent, the Credit Agreement has
been amended and restated in the form of Annex A thereto (the “Second Amended and Restated
Credit Agreement”).
	 
	(D)	 	Pursuant to an indenture (the “August 2011 Secured Notes Indenture”) dated 9 August
2011 and entered into between, among others, RGHL US Escrow II Inc. and RGHL US Escrow II LLC
(collectively, the “August 2011 Escrow Issuers”), The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, certain secured notes (the “August 2011
Secured Notes”) were issued by the August 2011 Escrow Issuers. On or about the date hereof,
the August 2011 Secured Notes shall be released from escrow, RGHL US Escrow II Inc. and RGHL
US Escrow II LLC shall be merged with and into Reynolds Group Issuer Inc. and Reynolds Group
Issuer LLC (together with Reynolds Group Issuer (Luxembourg) S.A., the “August 2011 Ultimate
Issuers”), respectively, and the obligations of the August 2011 Escrow Issuers shall be
assumed by the August 2011 Ultimate Issuers pursuant to one or more supplemental indentures
between, among others, the August 2011 Escrow Issuers, the August 2011 Ultimate Issuers, The
Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and
collateral agent and Wilmington Trust (London) Limited, as additional collateral agent.
	 
	(E)	 	The obligations in respect of the August 2011 Secured Notes Indenture and any Senior
Secured Note Documents (as defined therein) will or have been designated as “Additional
Obligations” under, and in accordance with, section 5.02(c) of the First Lien Intercreditor
Agreement.
	 
	(F)	 	As a consequence of the execution of the Amendment No. 6, the Second Amended and
Restated Credit Agreement and the issuance of the August 2011 Secured Notes, the Parties
agreed to amend the Fixed Charge Agreement and enter into this Agreement.
	 
	 	 	IT IS AGREED as follows:

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1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

	 	 	In this Agreement:
	 
	 	 	“Fixed Charge Agreement” means the fixed charge agreement concluded in the form of a
notarial deed dated 29 January 2010, as amended on 4 May 2010, 16 November 2010, 1 February
2011 and 9 February 2011 between the Chargor and the Chargee.

1.2 Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Fixed Charge Agreement has the same meaning in this
Agreement and in any notice given under this Agreement.
	 
	 	(b)	 	The principles of construction set out in the Fixed Charge Agreement shall have
effect as if set out in this Agreement.

1.3 Clauses

	 	 	In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context
otherwise requires, a reference to a Clause or a Schedule to this Agreement.

2. AMENDMENTS TO THE FIXED CHARGE AGREEMENT

     With effect from the date of this Agreement:

	 	(a)	 	The following new definitions shall be inserted in clause 1.1 (Definitions) of
the Fixed Charge Agreement in alphabetical order:
	 
	 	 	 	““August 2011 Issuers” means the “Issuers” under, and as defined in, the August
2011 Secured Notes Indenture, including their successors in interest.”
	 
	 	 	 	“August 2011 Escrow Issuers” means RGHL US Escrow II Inc. and RGHL US Escrow II
LLC, including their successors in interest.”
	 
	 	 	 	“August 2011 Secured Notes Indenture” means the indenture dated 9 August 2011,
among the August 2011 Escrow Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral
agent and Wilmington Trust (London) Limited, as additional collateral agent,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time, and to which Reynolds Group
Issuer Inc., Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg)
S.A. have or will become a party as issuers by way of RGHL US Escrow II Inc.
and RGHL US Escrow II LLC merging with and into Reynolds Group Issuer Inc. and
Reynolds Group Issuer LLC, respectively, and one or more supplemental
indentures being entered into between, among others, the August 2011 Escrow
Issuers, Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group
Issuer (Luxembourg) S.A., The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited, as additional

- 3 -

 

	 	 	 	collateral agent, attached as Part VIII
of Schedule 3 (August 2011 Secured Notes Indenture) to this Agreement.”
	 
	 	 	 	“August 2011 Incremental Assumption and Amendment Agreement” means the amendment
no. 6 and incremental term loan assumption agreement dated 9 August 2011
entered into between, among others, Reynolds Group Holdings Inc., Reynolds
Consumer Products Holdings Inc., Closure Systems International Holdings Inc.,
SIG Euro Holding AG & Co. KGAA, SIG Austria Holding GmbH, Closure Systems
International B.V. and Pactiv Corporation as borrowers, Reynolds Group
Holdings Limited, the Guarantors from time to time party thereto (as defined
therein), the Lenders from time to time party thereto, the other Lenders
party thereto and the Administrative Agent (as defined therein), as amended,
novated, supplemented, restated or modified from time to time, the text of
which is attached as Part IX of
Schedule 3 (August 2011 Incremental Assumption and Amendment Agreement) to this
Agreement.”

	 	(b)	 	Clause 2.1 (i) of the Fixed Charge Agreement shall be replaced in its entirety
with the following wording:

	 	 	 	"(i) USD 9,570,000,000 (that is nine billion five
hundred and seventy million U.S. $) and EUR 780,000,000 (that is seven
hundred and eighty million euro) (the “Secured Principal”); plus”

	 	(c)	 	Schedule 3 of the Fixed Charge Agreement shall be supplemented with Schedule A
(Part VIII of Schedule 3 (August 2011 Secured Notes Indenture)) of this Agreement.
	 
	 	(d)	 	Schedule 3 of the Fixed Charge Agreement shall be supplemented with Schedule B
(Part IX of Schedule 3 (August 2011 Incremental Assumption and Amendment Agreement)) of
this Agreement.

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Fixed Charge Agreement shall, save as amended by this Agreement,
continue in full force and effect.
	 
	3.2	 	Registration of the amendments
	 
	 	 	The Parties hereby request the notary to register the changes in the registered data of
the Fixed Charge in the Registry of Charges (i.e. the change in the maximum aggregate
framework security amount of the Obligations).
	 
	3.3	 	Further assurance
	 
	 	 	The Chargor shall, at the reasonable request of the Chargee and at its own expense, do
all such acts and things necessary to give effect to the amendments effected or to be
effected pursuant to this Agreement.

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	4.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 7 (Remedies and waivers), clause 8 (Severability), clause 12
(Notices) and clause 14 (Jurisdiction) of the Fixed Charge Agreement shall be incorporated
into this Agreement as if set out in full in this Agreement and as if references in those
clauses to “this Agreement” are references to this Agreement.
	 
	5.	 	GOVERNING LAW
	 
	 	 	This Agreement is governed by Hungarian law.
	 
	6.	 	RIGHTS OF THE COLLATERAL AGENT
	 
	 	 	Notwithstanding anything contained herein, the Parties agree that this Agreement shall
be deemed a “Security Document” for the purposes of and as defined in the First Lien
Intercreditor Agreement (and for no other purpose) and accordingly each of the protections,
immunities, rights, indemnities and benefits conferred on the Collateral Agents under the
Fixed Charge Agreement and the First Lien Intercreditor Agreement shall continue in full
force and effect and shall apply to this Agreement as if set out in full herein.

- 5 -

 

SCHEDULE A

“SCHEDULE 3

Part VIII

AUGUST 2011 SECURED NOTES INDENTURE”

(To Be Inserted)

- 6 -

 

SCHEDULE B

“SCHEDULE 3

Part IX

AUGUST 2011 INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT”

(To Be Inserted)

- 7 -

 

SIGNATURES

CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű Társaság - as Chargor

By:

Wilmington Trust (London) Limited - as Chargee

By:

-8-exv4w484

EXHIBIT 4.484

AMENDMENT AGREEMENT NO. 5

Dated 8 September 2011

for

CLOSURE SYSTEMS INTERNATIONAL B.V.

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

QUOTA CHARGE AGREEMENT

DATED 29 JANUARY 2010 AS AMENDED ON 4 MAY 2010, 16 NOVEMBER 2010, 1 FEBRUARY 2011 AND 9 FEBRUARY 2011

 

in respect of its Quota in Closure Systems International Holdings (Hungary) Kft.

The taking of this document or any certified copy of it or any document which constitutes
substitute documentation for it, or any document which includes written confirmations or references
to it, into Austria as well as printing out any e-mail communication which refers to any Loan
Document in Austria or sending any e-mail communication to which a pdf scan of this document is
attached to an Austrian addressee or sending any e-mail communication carrying an electronic or
digital signature which refers to any Loan Document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified
copies thereof and written and signed references to it outside of Austria and avoid printing out
any email communication which refers to any Loan Document in Austria or sending any e-mail
communication to which a pdf scan of this document is attached to an Austrian addressee or sending
any e-mail communication carrying an electronic or digital signature which refers to any Loan
Document to an Austrian addressee.

 

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 8 September 2011

BETWEEN:

	(1)	 	Closure Systems International B.V., a private company with limited liability incorporated
under the laws of The Netherlands, having its seat as at the date of this Agreement at
Teleportboulevard 140, 1043 EJ Amsterdam, The Netherlands, registered with the Chamber of
Commerce in Amsterdam, The Netherlands, under registration number 34291082, as owner of the
Quota (as defined below) and chargor under this Agreement (hereinafter referred to as the
“Chargor”);
	 
	 	 	and
	 
	(2)	 	Wilmington Trust (London) Limited, acting as chargee under this Agreement, in its capacity as
collateral agent acting on behalf and for the benefit of the Secured Parties (as defined
below), as appointed under the First Lien Intercreditor Agreement and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assign in such capacity, referred to as the
“Collateral Agent” or the “Chargee”);
	 
	(1)	 	and (2) are together hereinafter referred to as the “Parties” and “Party” means any of
them, as the context may require.

This Agreement is hereby acknowledged and accepted by:

	(3)	 	Closure Systems International Holdings (Hungary) Vagyonkezelő Korlátolt Felelosségu Társaság,
a limited liability company incorporated under the laws of Hungary, having its registered
office as at the date of this Agreement at Berényi út 72-100., 8000 Székesfehérvár, Hungary,
registered with the Fejér County Court acting as court of registration under registration
number Cg. 07-09-015084, (hereinafter referred to as the “Company”).

RECITALS:

	(A)	 	The Parties hereby declare that the Quota Charge Agreement (as defined below) was
originally concluded on 29 January 2010 between the Chargee and the Chargor, pursuant to both
(i) a credit agreement dated 5 November 2009 (as subsequently amended, amended and restated,
supplemented and/or as otherwise modified) between among others Reynolds Group Holdings Inc.,
Reynolds Consumer Products Holdings Inc., Closure Systems International Holdings Inc., SIG
Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Pactiv Corporation, Closure Systems
International B.V., the other borrowers party thereto, the lenders from time to time parties
thereto, and Credit Suisse AG as administrative agent (the “Credit Agreement”) and (ii) an
indenture dated 5 November 2009 between, among others, Reynolds Group Escrow LLC, Reynolds
Group DL Escrow Inc. and The Bank of New York Mellon, as trustee, principal paying agent,
transfer agent and registrar, as modified, amended or supplemented from time to time (the
“2009 Indenture”), and the Quota Charge Agreement was amended pursuant to, among others, (x)
an indenture dated 15 October 2010 between, among others, RGHL US Escrow I Inc., RGHL US
Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York Mellon, as
trustee, principal paying agent, transfer

 - 1 - 

 

	 	 	agent, registrar and collateral agent and Wilmington
Trust (London) Limited as additional collateral agent, as modified, amended or supplemented
from time to time (the “2010 Indenture”), and (y) an indenture dated 1 February 2011 between,
among others,
Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer (Luxembourg)
S.A. and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent,
registrar and collateral agent and Wilmington Trust (London) Limited, as additional
collateral agent, as modified, amended or supplemented from time to time (the “February 2011
Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Indenture, the 2010 Indenture and
the February 2011 Indenture, certain parties have entered into a first lien intercreditor
agreement dated 5 November 2009 between, among others, The Bank of New York Mellon as trustee
under the 2009 Indenture, Credit Suisse AG as representative under the Credit Agreement and
each grantor that are parties thereto, as subsequently amended by Amendment No. 1 and Joinder
Agreement dated 21 January 2010, which added the Collateral Agent as a collateral agent under
the First Lien Intercreditor Agreement (the “First Lien Intercreditor Agreement”).
	 
	(C)	 	Pursuant to an amendment no. 6 and incremental term loan assumption agreement (the
“Amendment No. 6”) dated 9 August 2011, and entered into between, among others, Reynolds Group
Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Pactiv Corporation,
Closure Systems International B.V., the other borrowers party thereto, the lenders from time
to time party thereto and Credit Suisse AG as administrative agent, the Credit Agreement has
been amended and restated in the form of Annex A thereto (the “Second Amended and Restated
Credit Agreement”).
	 
	(D)	 	Pursuant to an indenture (the “August 2011 Secured Notes Indenture”) dated 9 August
2011 and entered into between, among others, RGHL US Escrow II Inc. and RGHL US Escrow II LLC
(collectively, the “August 2011 Escrow Issuers”), The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, certain secured notes (the “August 2011
Secured Notes”) were issued by the August 2011 Escrow Issuers. On or about the date hereof,
the August 2011 Secured Notes shall be released from escrow, RGHL US Escrow II Inc. and RGHL
US Escrow II LLC shall be merged with and into Reynolds Group Issuer Inc. and Reynolds Group
Issuer LLC (together with Reynolds Group Issuer (Luxembourg) S.A., the “August 2011 Ultimate
Issuers”), respectively, and the obligations of the August 2011 Escrow Issuers shall be
assumed by the August 2011 Ultimate Issuers pursuant to one or more supplemental indentures
between, among others, the August 2011 Escrow Issuers, the August 2011 Ultimate Issuers, The
Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and
collateral agent and Wilmington Trust (London) Limited, as additional collateral agent.
	 
	(E)	 	The obligations in respect of the August 2011 Secured Notes Indenture and any Senior
Secured Note Documents (as defined therein) will or have been designated as “Additional
Obligations” under, and in accordance with, section 5.02(c) of the First Lien Intercreditor
Agreement.

 - 2 - 

 

	(F)	 	As a consequence of the execution of the Amendment No. 6, the Second Amended and
Restated Credit Agreement and the issuance of the August 2011 Secured Notes, the Parties
agreed to amend the Quota Charge Agreement and enter into this Agreement.

IT IS AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

1.1 Definitions

	 	 	In this Agreement:
	 
	 	 	“Quota Charge Agreement” means the quota charge agreement concluded in the form of a
notarial deed dated 29 January 2010, as amended on 4 May 2010, 16 November 2010, 1 February
2011 and 9 February 2011 between the Chargor and the Chargee.

1.2 Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Quota Charge Agreement has the same meaning in this
Agreement and in any notice given under this Agreement.
	 
	 	(b)	 	The principles of construction set out in the Quota Charge Agreement shall have
effect as if set out in this Agreement.

1.3 Clauses

	 	 	In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context
otherwise requires, a reference to a Clause or a Schedule to this Agreement.

2. AMENDMENTS TO THE QUOTA CHARGE AGREEMENT

     With effect from the date of this Agreement:

	 	(a)	 	The following new definitions shall be inserted in clause 1.1 (Definitions) of
the Quota Charge Agreement in alphabetical order:
	 
	 	 	 	““August 2011 Issuers” means the “Issuers” under, and as defined in, the August
2011 Secured Notes Indenture, including their successors in interest.”
	 
	 	 	 	““August 2011 Escrow Issuers” means RGHL US Escrow II Inc. and RGHL US Escrow II
LLC, including their successors in interest.”
	 
	 	 	 	““August 2011 Secured Notes Indenture” means the indenture dated 9 August 2011,
among the August 2011 Escrow Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral
agent and Wilmington Trust (London) Limited, as additional collateral agent,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time, and to which Reynolds Group
Issuer Inc., Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg)
S.A. have or will become a party as issuers by way of RGHL US Escrow II Inc.
and RGHL US Escrow II LLC merging with and into Reynolds

 - 3 - 

 

	 	 	Group Issuer Inc. and
Reynolds Group Issuer LLC, respectively, and one or more supplemental
indentures being entered into between, among others, the August 2011 Escrow
Issuers, Reynolds Group Issuer Inc., Reynolds Group Issuer LLC, Reynolds Group
Issuer (Luxembourg) S.A., The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited, as additional collateral agent, attached as Part VIII
of Schedule 3 (August 2011 Secured Notes Indenture) to this Agreement.”
	 
	 	 	““August 2011 Incremental Assumption and Amendment Agreement” means the amendment
no. 6 and incremental term loan assumption agreement dated 9 August 2011
entered into between, among others, Reynolds Group
Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems
International Holdings Inc., SIG Euro Holding AG & Co. KGAA, SIG Austria Holding
GmbH, Closure Systems International B.V. and Pactiv Corporation as borrowers,
Reynolds Group Holdings Limited, the Guarantors from time to time party thereto (as
defined therein), the Lenders from time to time party thereto, the other Lenders
party thereto and the Administrative Agent (as defined therein), as amended,
novated, supplemented, restated or modified from time to time, the text of which is
attached as Part IX of Schedule 3 (August 2011 Incremental Assumption and Amendment
Agreement) to this Agreement.”

	 	(b)	 	Clause 2.1 (i) of the Quota Charge Agreement shall be replaced in its entirety
with the following wording:

	 	 	 	“(i) USD 9,570,000,000 (that is nine billion five
hundred and seventy million U.S. $) and EUR 780,000,000 (that is seven
hundred and eighty million euro) (the “Secured Principal”); plus”

	 	(c)	 	Schedule 3 of the Quota Charge Agreement shall be supplemented with Schedule A
(Part VIII of Schedule 3 (August 2011 Secured Notes Indenture)) of this Agreement.
	 
	 	(d)	 	Schedule 3 of the Quota Charge Agreement shall be supplemented with Schedule B
(Part IX of Schedule 3 (August 2011 Incremental Assumption Agreement)) of this
Agreement.

3. REGISTRATION OF CHANGES

	3.1	 	The Chargor shall file with the Court of Registration an extract of this Agreement,
attached as Schedule C (Form of the Extract of this Quota Charge Agreement) (the “Extract”)
within 10 (ten) Business Days of the date of this Agreement, in order to inform the Court of
Registration of the amendment of the Quota Charge Agreement.
	 
	3.2	 	The Parties hereby authorise Oppenheim Ügyvédi Iroda (1053 Budapest, Károlyi Mihály
u. 12., Hungary) to act before the Court of Registration in connection with the filing
(including but not limited to sign any documents in relation thereto) of the Extract with the
Court of Registration.

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	4.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	4.1	 	Continuing obligations
	 
	 	 	The provisions of the Quota Charge Agreement shall, save as amended by this Agreement,
continue in full force and effect.
	 
	4.2	 	Further assurance
	 
	 	 	The Chargor shall, at the reasonable request of the Chargee and at its own expense, do
all such acts and things necessary to give effect to the amendments effected or to be
effected pursuant to this Agreement.
	 
	5.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 8 (Remedies and waivers), clause 9 (Severability), clause 13
(Notices) and clause 15 (Jurisdiction) of the Quota Charge Agreement shall be incorporated
into this Agreement as if set out in full in this Agreement and as if references in those
clauses to “this Agreement” are references to this Agreement.
	 
	6.	 	GOVERNING LAW
	 
	 	 	This Agreement is governed by Hungarian law.
	 
	7.	 	RIGHTS OF THE COLLATERAL AGENT
	 
	 	 	Notwithstanding anything contained herein, the Parties agree that this Agreement shall
be deemed a “Security Document” for the purposes of and as defined in the First Lien
Intercreditor Agreement (and for no other purpose) and accordingly each of the protections,
immunities, rights, indemnities and benefits conferred on the Collateral Agents under the
Quota Charge Agreement and the First Lien Intercreditor Agreement shall continue in full
force and effect and shall apply to this Agreement as if set out in full herein.

 - 5 - 

 

SCHEDULE A

“SCHEDULE 3

Part VIII

AUGUST 2011 SECURED NOTES INDENTURE”

(To Be Inserted)

 - 6 - 

 

SCHEDULE B

“SCHEDULE 3

Part IX

AUGUST 2011 INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT”

(To Be Inserted)

 - 7 - 

 

SCHEDULE C

ÜZLETRéSZ ZÁLOGSZERZŐDÉST MÓDOSÍTÓ SZERZŐDÉS KIVONATA

EXTRACT OF THE AMENDMENT TO THE QUOTA CHARGE AGREEMENT

a
cégnyilvántartásról, a bírósági cégeljárásról és a végelszámolásról szóló 2006. évi V. törvény 2.
számú melléklete 
II. 1. ea) pontjának figyelembe vételével

with
regard to the Clause II.1.ea) of Schedule No. 2 of the Act V of 2006 on Public Company
Information, Company Registration and Winding-up Proceedings

(a továbbiakban: “Kivonat”) amely az alábbi felek között készült Budakeszin, 2011. _______ _.
napján létrejött módosító szerződés (a továbbiakban: “Szerződés”) alapján:

     (hereinafter referred to as the “Extract”), which has been prepared on the basis of the
amendment agreement entered into by and between the parties named below in Budakeszi on
______________2011 (hereinafter referred to as the “Agreement”):

	(1)	 	A Wilmington Trust (London) Limited, amelynek székhelye 1 King’s Arms Yard, London EC2R
7AF, Egyesült Királyság cím alatt található, képviseli __________________________,
meghatalmazás alapján,
	 
	(1)	 	Wilmington Trust (London) Limited, having its registered office at: 1 King’s Arms
Yard, London EC2R 7AF, United Kingdom, represented by __________________________, under a
power of attorney,
	 
	 	 	mint zálogjogosult (a továbbiakban: “Zálogjogosult”)
	 
	 	 	as chargee (hereinafter referred to as the “Chargee”),

valamint

and

	(2)	 	CLOSURE SYSTEMS INTERNATIONAL B.V., amelynek székhelye a Teleportboulevard 140, 1043 EJ
Amszterdam, Hollandia cím alatt található, és amelyet az amszterdami Kereskedelmi Kamaránál a
34291082-es számon tartanak nyilván, képviseli dr. Horvai-Hillenbrand Péter, meghatalmazás
alapján,
	 
	(2)	 	CLOSURE SYSTEMS INTERNATIONAL B.V. having its registered seat at Teleportboulevard
140, 1043 EJ Amsterdam, The Netherlands, registered with the Chamber of Commerce in Amsterdam
with registration number 34291082, represented by dr. Péter Horvai-Hillenbrand, under a power
of attorney,
	 
	 	 	mint zálogkötelezett (a továbbiakban: “Zálogkötelezett”)
	 
	 	 	as chargor (hereinafter referred to as the “Chargor”).

Fent nevezett felek a jelen Kivonatban az alábbiakat kívánják rögzíteni:

The parties named above wish to declare the following in the present Extract:

	1.	 	A Zálogkötelezett és a Zálogjogosult a 2010. január 29-én kelt zálogszerzodéssel (a
“Zálogszerzodés”) üzletrész zálogjogot alapítottak a Zálogjogosult javára Zálogkötelezettnek a
Closure Systems International Holdings (Hungary) Vagyonkezelo Korlátolt Felelosségu
Társaságban (székhelye: 8000 Székesfehérvár, Berényi út 72-100., Magyarország; cégjegyzékszáma
a Fejér Megyei Bíróság mint

 - 8 - 

 

	 	 	Cégbíróságnál: Cg.07-09-015084, adószáma: 14216143-1-07, a
továbbiakban: “Társaság”) fennálló 25.212.670.000,- Ft, azaz
huszonötmilliárd-kettoszáztizenkettomillió-hatszázhetvenezer forint névértékű, a Társaság
jegyzett tõkéjének 100%-át megtestesítõ üzletrészén. A Zálogszerzodést a Zálogkötelezett és a
Zálogjogosult 2010. május 4., 2010. november 16., 2011. február 1. és 2011. február 9.
napján módosította.
	 
	 	 	The Chargor and the Chargee created a quota charge in favour of the Chargee over the
quota of the Chargor held in Closure Systems International Holdings (Hungary) Vagyonkezelo
Korlátolt Felelosségu Társaság (registered seat: 8000 Székesfehérvár, Berényi út 72-100.,
Hungary, company registration number: Cg.07-09-015084 with the Fejér County Court as the
Court of Registration, tax number: 14216143-1-07, hereinafter referred to as the “Company”)
with a nominal value of HUF 25,212,670,000 (i.e. twenty-five billion two hundred and twelve
million six hundred and seventy thousand Forint) representing 100% of the Company’s
registered capital by virtue of the quota charge agreement dated 29 January 2010 (the “Quota
Charge Agreement”). The Quota Charge Agreement was amended by the Chargor and the Chargee on
4 May 2010, 16 November 2010, 1 February 2011 and 9 February 2011.
	 
	2.	 	A Zálogkötelezett és a Zálogjogosult a Szerzodés rendelkezései alapján újból módosították a
Zálogszerzodés rendelkezéseit, többek között felemelték a Kötelezettségek összegét, melynek
biztosítására az üzletrész zálogjog szolgál.
	 
	 	 	The Chargor and the Chargee have amended again the terms of the Quota Charge Agreement in
accordance with the provisions of the Agreement; and, among others, increased the amount of
the Obligations secured by the quota charge.
	 
	3.	 	Jelen Kivonat a Szerzodés rendelkezései alapján — kizárólag a Zálogszerzodés módosításának
cégbírósági bejelentése céljából — készült, és nem helyettesíti a felek között a Szerzodésben
foglaltak szerint létrejött részletes megállapodást. A Szerzodés és jelen Kivonat közötti
esetleges ellentmondás vagy eltérés esetén a Szerzodés rendelkezései az irányadóak.
	 
	 	 	This Extract has been prepared on the basis of the terms and conditions set out in the
Agreement exclusively for the purpose of giving notice to the court of registration on the
amendment to the Quota Charge Agreement, and therefore, it may not substitute the detailed
agreement between the parties contemplated in the Agreement. In case of any discrepancy
between the Agreement and this Extract, the provisions of the Agreement shall prevail.
	 
	4.	 	Jelen Kivonat magyar és angol nyelven készült, a magyar és az angol nyelvu változat közötti
eltérés esetén a magyar nyelvu verzió az irányadó.
	 
	 	 	This Extract has been prepared in the Hungarian and English language. In the event of any
discrepancy between the Hungarian language and the English language versions, the Hungarian
language version shall prevail.
	 
	5.	 	A Zálogkötelezett és a Zálogjogosult meghatalmazzák az Oppenheim Ügyvédi Irodát (cím: 1053
Budapest, Károlyi Mihály u. 12.) hogy a Fejér Megyei Bíróságnál, mint Cégbíróságnál a Kivonat
benyújtásával kapcsolatban eljárjon (beleértve, de nem kizárólag bármely, ehhez kapcsolódó
dokumentum aláírását).

 - 9 - 

 

	 	 	The Chargor and the Chargee hereby authorise Oppenheim Law Firm (address: 1053 Budapest,
Károlyi Mihály u. 12.) to act before the Fejér County Court as the Court of Registration in
connection with filing (including but not limited to sign any documents relating thereto)
this Extract.

Budakeszi, 2011. ___________ __ / __ ___________ 2011

	 	 	 

	 
	 	 
	 	 	 
	WILMINGTON TRUST (LONDON) LIMITED
	 	CLOSURE SYSTEMS INTERNATIONAL B.V.
	 	 	 
	Zálogjogosult / Chargee
	 	Zálogkötelezett / Chargor

 - 10 - 

 

SIGNATURES

Closure Systems International B.V. — as Chargor

By:

Wilmington Trust (London) Limited — as Chargee

By:

Closure Systems International Holdings (Hungary) Vagyonkezelo Korlátolt Felelosségu Társaság — as
Company

By:

 - 11 -

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