Document:

exv4w203

EXHIBIT 4.203

AMENDMENT AGREEMENT

dated 4 May 2010

for

CSI HUNGARY GYÁRTÓ ÉS KERESKEDELMI KORLÁTOLT FELELÕSSÉGŨ

TÁRSASÁG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

CHARGE AND SECURITY DEPOSIT OVER BANK

ACCOUNTS AGREEMENT

DATED 29 JANUARY 2010

 

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.

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 
	2. AMENDMENTS TO THE ORIGINAL CHARGE AND
SECURITY DEPOSIT OVER BANK ACCOUNTS
AGREEMENT
	 	 	2	 
	 
	3. CONTINUITY AND FURTHER ASSURANCE
	 	 	3	 
	 
	4. INCORPORATION OF TERMS
	 	 	4	 
	 
	5. GOVERNING LAW
	 	 	4	 
	 
	6. RIGHTS OF THE COLLATERAL AGENT
	 	 	4	 

- 1 -

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010 — [Text of Public Notary to be
inserted]

BETWEEN:

	 	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ 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
	 
	(1)	 	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 Original Charge and Security Deposit over Bank
Accounts Agreement (as defined below) was 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) 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 BV, the other borrowers party thereto, the
lenders from time to time parties thereto, and Credit Suisse AG (formerly known as Credit
Suisse) as administrative agent (the “Credit Agreement”) and (ii) an indenture dated 5
November 2009 between 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”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents 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 administrative agent 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)	 	The parties to the Credit Agreement have entered into the amendment agreement No. 2
and incremental assumption agreement dated on or about the date of this Agreement

- 1 -

 

	 	 	(the “Incremental Assumption and Amendment Agreement”) to amend the terms of the Credit
Agreement.
	 
	(D)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement, the Parties agreed to amend the Original Charge and Security Deposit over Bank
Accounts Agreement and enter into this Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Original Charge and Security Deposit over Bank Accounts Agreement” means the charge and
security deposit over bank accounts agreement concluded in the form of a notarial deed dated
29 January 2010 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 Original Charge and Security Deposit over Bank
Accounts 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 Original Charge and Security
Deposit over Bank Accounts 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 ORIGINAL CHARGE AND SECURITY DEPOSIT OVER BANK ACCOUNTS AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	Recital (C) of the “Whereas” section of the Original Charge and Security
Deposit over Bank Accounts Agreement shall be deleted and replaced with the following
wording:
	 
	 	 	 	“(C) The Secured Parties (as defined below) have duly authorised and empowered the
Chargee to enter into this Agreement and to represent their rights in connection
with the security interest over the Accounts, acting for its own and for the
Secured Parties’ benefit.”
	 
	 	(b)	 	The following new definition shall be inserted in clause 1.1 (Definitions) of
the Original Charge and Security Deposit over Bank Accounts Agreement in alphabetical
order:

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	 	 	 	“ ”Incremental Assumption and Amendment Agreement” means the amendment no. 2 and
incremental term loan assumption agreement dated 4 May 2010 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 and Closure Systems
International B.V. 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 Incremental U.S. Term Lenders (as defined
therein), 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 IV of Schedule 1
(Incremental Assumption and Amendment Agreement) to this Agreement.”
	 
	 	(c)	 	Clause 2.1 (Creation of the Charge) of the Original Charge and Security Deposit
over Bank Accounts Agreement shall be replaced with the following wording:
	 
	 	 	 	“In order to secure the Obligations, up to the maximum aggregate amount of:

	 		 	(i) USD 3,830,000,000 (that is three billion eight hundred and thirty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty
million euro) as “Secured Principal”; plus
	 
	 		 	(ii) all accrued interest (as calculated in accordance with Loan
Documents); plus all accrued default interest (as calculated in accordance
with Loan Documents); plus any other amounts, monetary obligations,
indemnities, fees, commissions, costs and expenses arising under and
payable in accordance with the terms of the Loan Documents, which amounts,
monetary obligations, indemnities, fees, commissions, costs, expenses, and
the costs of the enforcement of this Agreement shall not exceed an
aggregate amount representing 40% of the aggregate amount of Secured
Principal,

	 	 	 	the Chargor hereby grants to the Chargee a first priority charge over the Accounts
and the Collateral in accordance with Sections 267 and 268 of the Civil Code (the
“Charge”).“Schedule 1 of the Original Charge and Security Deposit over Bank
Accounts Agreement shall be supplemented with Schedule A (Part IV of Schedule 1
(Incremental Assumption and Amendment Agreement)) of this Agreement.”

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Original Charge and Security Deposit over Bank Accounts Agreement
shall, save as amended by this Agreement, continue in full force and effect.

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	3.2	 	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.
	 
	4.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 5 (Enforcement), clause 7 (Remedies and waivers), clause 8
(Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Original Charge and
Security Deposit over Bank Accounts 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
Original Charge and Security Deposit over Bank Accounts 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.

[Certification of the Public Notary and the related powers of attorney inserted]

- 4 -

 

SCHEDULE A

“SCHEDULE 1

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO BE INSERTED) ”

- 5 -

 

SIGNATURES

CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ Társaság - as Chargor

By:

Wilmington Trust (London) Limited - as Chargee

By:

- 6 -exv4w204

EXHIBIT 4.204

AMENDMENT AGREEMENT

dated 4 May 2010

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

 

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.

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 
	2. AMENDMENTS TO THE ORIGINAL QUOTA CHARGE AGREEMENT
	 	 	2	 
	 
	3. REGISTRATION OF CHANGES
	 	 	5	 
	 
	4. CONTINUITY AND FURTHER ASSURANCE
	 	 	5	 
	 
	5. INCORPORATION OF TERMS
	 	 	5	 
	 
	6. GOVERNING LAW
	 	 	5	 
	 
	7. RIGHTS OF THE COLLATERAL AGENT
	 	 	5	 

- 1 -

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010 — [Text of Public Notary to be
inserted]

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) Vagyonkezelõ Korlátolt Felelõsségũ 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 Original Quota Charge Agreement (as defined
below) was 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) 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 BV, the other borrowers party thereto, the lenders from time to time
parties thereto, and Credit Suisse AG (formerly known as Credit Suisse) as administrative
agent (the “Credit Agreement”) and (ii) an indenture dated 5 November 2009 between 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”).

- 1 -

 

	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents 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 administrative agent 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)	 	The parties to the Credit Agreement have entered into the amendment agreement No. 2
and incremental assumption agreement dated on or about the date of this Agreement (the
“Incremental Assumption and Amendment Agreement”) to amend the terms of the Credit Agreement.
	 
	(D)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement, the Parties agreed to amend the Original Quota Charge Agreement and enter into this
Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Original Quota Charge Agreement” means the quota charge agreement concluded in the form of
a notarial deed dated 29 January 2010 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 Original 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 Original 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 ORIGINAL QUOTA CHARGE AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	Recital (C) of the “Whereas” section of the Original Quota Charge Agreement
shall be deleted and replaced with the following wording:

- 2 -

 

	 	 	 	“(C) The Secured Parties (as defined below) have duly authorised and empowered the
Chargee to enter into this Agreement and to represent their
rights in connection with the Charge (as defined below), acting for its own and for
the Secured Parties’ benefit.”
	 
	 	(b)	 	The definitions “Existing Quota Charge” and “Existing Quota Charge Agreement”
shall be deleted from clause 1.1 (Definitions) of the Original Quota Charge Agreement.
	 
	 	(c)	 	The following new definition shall be inserted in clause 1.1 (Definitions) of
the Original Quota Charge Agreement in alphabetical order:
	 
	 	 	 	““Incremental Assumption and Amendment Agreement” means the amendment no. 2 and
incremental term loan assumption agreement dated 4 May 2010 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 and Closure Systems
International B.V. 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 Incremental U.S. Term Lenders (as defined
therein), 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 IV of Schedule 1
(Incremental Assumption and Amendment Agreement) to this Agreement.”
	 
	 	(d)	 	Clause 2.1 of the Original Quota Charge Agreement shall be replaced with the
following wording:
	 
	 	 	 	“In order to secure the Obligations, up to the maximum amount of:
	 
	 	 	 	(i) USD 3,830,000,000 (that is three billion eight hundred and thirty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million euro)
(the “Secured Principal”); plus
	 
	 	 	 	(ii) all accrued interest (as calculated in accordance with Loan
Documents); plus all accrued default interest (as calculated in accordance with
Loan Documents); plus any other amounts, monetary obligations, indemnities, fees,
commissions, costs and expenses arising under and payable in accordance with the
terms of the Loan Documents, which amounts, monetary obligations, indemnities,
fees, commissions, costs, expenses, and the costs of the enforcement of this
Agreement shall not exceed an aggregate amount representing 40% of the aggregate
amount of Secured Principal,
	 
	 	 	 	the Chargor hereby grants to the Chargee, a first priority Charge over the Quota
owned by it in the Company and over any rights and/or benefits arising out of, or
in connection with its Quota, including, without limitation all cash

- 3 -

 

	 	 	 	dividends or distributions payable at any time hereafter on the Quota. The Chargee hereby
accepts such Charge.”
	 
	 	(e)	 	Clause 2.3 (Existing Quota Charge and Priority) of the Original Quota Charge
Agreement shall be deleted.
	 
	 	(f)	 	Clause 2.4 (a) (Nature of the Charge) of the Original Quota Charge Agreement
shall be replaced by the following wording:
	 
	 	 	 	“subject to any Lien permitted by the Loan Documents be a first priority security
over the Quota;”
	 
	 	(g)	 	Clause 4.1(c) (Representations and Warranties) of the Original Quota Charge
Agreement shall be replaced by the following wording:
	 
	 	 	 	“this Agreement will, as at the date that the Charge is registered with the Court
of Registration, establish a first priority Charge over the Quota, subject to Liens
permitted by the Principal Finance Documents and subject to the Legal Reservations
(as defined in the Credit Agreement);”
	 
	 	(h)	 	Clause 4.2(d) (Covenants) of the Original Quota Charge Agreement shall be
replaced by the following wording:
	 
	 	 	 	“(i) except in respect of any Liens permitted by the Principal Finance Documents
and subject to the Legal Reservations (as defined in the Credit Agreement) and the
Agreed Security Principles, ensure that the Charge created hereunder shall be at
all times a first ranking Charge over the Quota; (ii) not grant any further Lien
over the Quota; and (iii) not sell, transfer or otherwise dispose of any or all of
its rights in the Quota (whether with or without consideration), in each case other
than as permitted by the Principal Finance Documents or this Agreement;”
	 
	 	(i)	 	Schedule 1 of the Original Quota Charge Agreement shall be supplemented with
Schedule A (Part IV of Schedule 1 (Incremental Assumption and Amendment Agreement)) of
this Agreement.

- 4 -

 

	3.	 	REGISTRATION OF CHANGES
	 
	3.1	 	The Chargor shall file with the Court of Registration an extract of this Agreement,
attached as Schedule B (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 Original 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.
	 
	4.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	4.1	 	Continuing obligations
	 
	 	 	The provisions of the Original 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 6 (Enforcement), clause 8 (Remedies and waivers), clause 9
(Severability), clause 13 (Notices) and clause 15 (Jurisdiction) of the Original 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
Original 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.

[Certification of the Public Notary and the related powers of attorney inserted]

- 5 -

 

SCHEDULE A

“SCHEDULE 1

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO
BE INSERTED) ”

- 6 -

 

SCHEDULE B

ÜZLETRÉSZ
ZÁLOGSZERZÕDÉST MÓDOSÉTÓ
SZERZÕDÉS 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 Budapesten, 2010. május 4.
napján létrejött módosító szerzõdés (a továbbiakban: “Szerzõdés”) 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 Budapest on 4 May 2010
(hereinafter referred to as the “Agreement”):

	(1)	 	A Wilmington Trust (London) Limited, amelynek székhelye 6 Broad Street Place, London EC2M
7JH, Egyesült Királyság cím alatt található, képviseli __________________________,
meghatalmazás alapján,
	 
	(1)	 	Wilmington Trust (London) Limited, having its registered office at: 6
Broad Street Place, London EC2M 7JH, Egyesült Királyság, 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 zálogszerzõdéssel (a
“Zálogszerzõdés”) üzletrész zálogjogot alapítottak a Zálogjogosult javára Zálogkötelezettnek a
Closure Systems International Holdings (Hungary) Vagyonkezelõ Korlátolt Felelõsségũ
Társaságban (székhelye: 8000 Székesfehérvár, Berényi út 72-

- 7 -

 

	 	 	100., Magyarország; cégjegyzékszáma
a Fejér Megyei Bíróság mint
Cégbíróságnál: Cg.07-09-015084, adószáma: 14216143-1-07, a továbbiakban: “Társaság”) fennálló
25.212.670.000,- Ft, azaz huszonötmilliárd-kettoszáztizenkettomillió-hatszázhetvenezer forint
névértéku, a Társaság jegyzett tokéjének 100%-át megtestesíto üzletrészén
	 
	 	 	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) Vagyonkezelõ
Korlátolt Felelõsségũ 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 (hereinafter referred to as the “Quota”) by virtue of the quota charge
agreement dated 29 January 2010 (the “Quota Charge Agreement”).
	 
	2.	 	A Zálogkötelezett és a Zálogjogosult a Szerzõdés rendelkezései alapján módosították a
Zálogszerzõdés rendelkezéseit, többek között felemelték a Kötelezettségek összegét, melynek
biztosítására az üzletrész zálogjog szolgál.
	 
	 	 	The Chargor and the Chargee have amended 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 Szerzõdés rendelkezései alapján — kizárólag a Zálogszerzõdés módosításának
cégbírósági bejelentése céljából — készült, és nem helyettesíti a felek között a Szerzõdésben
foglaltak szerint létrejött részletes megállapodást. A Szerzõdés és jelen Kivonat közötti
esetleges ellentmondás vagy eltérés esetén a Szerzõdés 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 nyelvũ változat közötti
eltérés esetén a magyar nyelvũ 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).

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	 	 	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.

Budapest, 2010. május 4./ 4 May 2010

	 	 	 

	WILMINGTON TRUST (LONDON) 

LIMITED

	 	CLOSURE SYSTEMS

INTERNATIONAL B.V.
	 	 	 
	Zálogjogosult / Chargee
	 	Zálogkötelezett / Chargor

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SIGNATURES

Closure Systems International B.V. — as Chargor

By:

Wilmington Trust (London) Limited — as Chargee

By:

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

By:

- 10 -

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