Document:

exv4w441

EXHIBIT 4.441

AMENDMENT AGREEMENT NO. 3

dated 7 June 2011

for

SIG COMBIBLOC GMBH & CO KG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

CHARGE AND SECURITY DEPOSIT OVER BANK

ACCOUNTS AGREEMENT

DATED 4 MARCH 2010 AS AMENDED ON 27 AUGUST 2010 

AND 14 JANUARY 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 7 JUNE 2011

BETWEEN:

	(1)	 	SIG Combibloc GmbH & Co KG, a limited partnership organised under the laws of the Republic of
Austria, having its registered seat as at the date of this Agreement in Saalfelden am
Steinernen Meer, Austria, and its business address as at the date of this Agreement at
Industriestrasse 3, 5760 Saalfelden, Austria, registered in the Austrian companies register
(Firmenbuch) under file number FN240335 i; as chargor and depositor under this Agreement (the
“Chargor”, the “Depositor”); 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 in
the Charge and Security Deposit over Bank Accounts Agreement (as defined below)) as appointed
under the First Lien Intercreditor Agreement (as defined below) and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assigns 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 Charge and Security Deposit over Bank Accounts
Agreement (as defined below) was originally concluded on 4 March 2010 between the Chargee and
the Chargor, pursuant to both (i) a credit agreement dated 5 November 2009 (as subsequently
amended and/or restated) between among others Reynolds Group Holdings Inc., Pactiv
Corporation, 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, Reynolds Group Holdings Limited, 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, 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”). The Charge and
Security Deposit over Bank Accounts Agreement was amended on (A) 27 August 2010 pursuant to
the amendment agreement No. 2 and incremental assumption agreement dated 4 May 2010 in
relation to the Credit Agreement; and (B) 14 January 2011 pursuant to (i) 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, The Bank of New York Mellon,
London Branch as paying agent and Wilmington Trust (London) Limited as additional collateral
agent (the “2010 Indenture”) and (ii) the amendment agreement No. 3 and incremental assumption
agreement dated 30 September 2010 in relation to the Credit Agreement.

 

 

	(B)	 	In connection with the Credit Agreement, the 2009 Indenture, the 2010 Indenture and
the February 2011 Secured Notes Indenture (as defined below) 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 and as collateral agent,
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 indenture (the “February 2011 Secured Notes Indenture”) dated 1
February 2011 and entered into between, among others the Issuers (as defined below), 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 “February 2011 Secured Notes”) were issued by the Issuers.
	 
	(D)	 	The obligations in respect of the February 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.
	 
	(E)	 	Pursuant to an amendment no. 4 and incremental term loan assumption agreement (the
“February 2011 Incremental Assumption and Amendment Agreement”) dated 9 February 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
(formerly known as Credit Suisse) as administrative agent, the Credit Agreement has been
amended and restated in the form of Annex A thereto (the “Amended and Restated Credit
Agreement”).
	 
	(F)	 	As a consequence of the issue of the February 2011 Secured Notes and the February
2011 Incremental Assumption and Amendment Agreement and the Amended and Restated Credit
Agreement, the Parties agreed to amend the 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:
	 
	 	 	“Charge and Security Deposit over Bank Accounts Agreement” means the charge and security
deposit over bank accounts agreement concluded in the form of a private deed dated 4 March
2010, as amended on 27 August 2010 and on 14 January 2011 between the Chargor and the
Chargee.

 

 

	 	 	“Issuers” means Reynolds Group Issuer LLC, Reynolds Group Issuer Inc. and Reynolds Group
Issuer (Luxembourg) S.A. and their respective successors in interest and assigns.

	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the 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 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” is, unless the context otherwise
requires, a reference to a Clause to this Agreement.

	2.	 	AMENDMENTS TO THE CHARGE AND SECURITY DEPOSIT OVER BANK ACCOUNTS AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	The following new definitions shall be inserted in clause 1.1 (Definitions) of
the Charge and Security Deposit over Bank Accounts Agreement in alphabetical order:
	 
	 	 	 	““February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Secured Notes Indenture, including their successors in interest.”
	 
	 	 	 	““February 2011 Incremental Assumption and Amendment Agreement” means the amendment
no. 4 and incremental term loan assumption agreement dated 9 February 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, Pactiv Corporation 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 (as defined therein) and the Administrative Agent (as
defined therein), as amended, novated, supplemented, restated or modified from time
to time.”
	 
	 	 	 	““February 2011 Secured Notes Indenture” means the indenture dated 1 February 2011,
among the February 2011 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.”
	 
	 	 	 	““May 2010 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.”
	 
	 	 	 	““September 2010 Incremental Assumption and Amendment Agreement” means the
amendment no. 3 and incremental term loan assumption agreement dated 30
September 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.”

	 	(b)	 	The definition of “Incremental Assumption and Amendment Agreement” in clause
1.1 (Definitions) of the Charge and Security Deposit over Bank Accounts Agreement shall
be deleted.
	 
	 	(c)	 	Clause 2.1 (i) of the Charge and Security Deposit over Bank Accounts Agreement
shall be replaced with the following wording:

	 	(i)	 	“USD 7,850,000,000 (that is seven billion eight hundred and fifty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million
euro) (the “Secured Principal”); plus”

	 	(d)	 	Clause 19.4 (b) of the Charge and Security Deposit over Bank Accounts Agreement
shall be replaced with the following wording:
	 
	 	 	 	“(b) in the case of the Collateral Agent:

	 	 	 	 	 

	 

	 	Address:
	 	Third Floor, 1 King’s Arms Yard, London EC2R 7AF
	 

	 	Fax:
	 	+44 (0)20 7397 3601
	 

	 	Attention:
	 	Elaine Lockhart”

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

 

 

	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
	 
	 	 	Except as expressly amended by this Agreement, the provisions of clause 10 (Remedies
and waivers), clause 11 (Severability), clause 17 (Notices) and clause 19 (Jurisdiction) of
the 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
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.

 

 

SIGNATURES

SIG Combibloc GmbH & Co KG, represented by its general partner SIG Combibloc GmbH - as Chargor

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Jennie Blizard
 	 
	 	 	Name: Jennie Blizard 	 
	 

Wilmington Trust (London) Limited - as Chargee

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Paul Barton
 	 
	 	 	Name:  	Paul Barton 	 
	 	 	Title:  	Relationship Managerexv4w442

EXHIBIT 4.442

Confirmation and Amendment Agreement

dated 7 June 2011

between

SIG COMBIBLOC GMBH & CO KG

(the “Confirming Grantor”)

and

WILMINGTON TRUST (LONDON) LIMITED

acting as Collateral Agent under the First Lien Intercreditor Agreement (as defined below) 

for
itself and for the benefit and for the account of the Secured Parties

(the “Collateral Agent”)

relating to

the Swiss law security document as listed and described in Schedule 1 hereto entered into by the

Confirming Grantor and the Collateral Agent acting for itself and for the benefit and for the

account of the Secured Parties in connection with the Loan Documents.

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.

 

 

			
	 
	 	2 / 12

THIS CONFIRMATION AND AMENDMENT AGREEMENT is entered into as of the Effective Date (as
defined in Clause 2 below) and entered BETWEEN:

	(1)	 	SIG Combibloc GmbH & Co KG, a limited partnership organised under the laws of Austria and
having its seat in Saalfelden am Steinernen Meer, Austria, and its business address as at the
date of this Agreement at Industriestrasse 3, 5760 Saalfelden, Austria, registered in the
Austrian companies register (Firmenbuch) under file number FN 240335 i (the “Confirming
Grantor) on the one part; and
	 
	(2)	 	Wilmington Trust (London) Limited, having its business address at Third Floor, 1 King’s Arms
Yard, London EC2R 7AF, England, acting under the First Lien Intercreditor Agreement (as
defined below) as Collateral Agent for itself and for the benefit and for the account of the
Secured Parties (as defined in the Security Document) (the “Collateral Agent”), on the other
part.

RECITALS

	(A)	 	Pursuant to a credit agreement (the “Credit Agreement”) dated November 5, 2009 made
between, inter alia, Reynolds Group Holdings Inc. , Reynolds Consumer Products Holdings Inc.,
SIG Euro Holding AG & Co. KG aA, Closure Systems International Holdings Inc., Closure Systems
International B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers (the
“Borrowers”), Reynolds Group Holdings Limited (“RGHL”), certain SIG group
companies as current guarantors, the lenders from time to time party thereto, and Credit
Suisse AG, Cayman Islands Branch (formerly known as Credit Suisse, Cayman Islands Branch), as
administrative agent (the “Administrative Agent”), as amended by Amendment No. 1 dated as of
January 21, 2010, as further amended by an Amendment No. 2 and Incremental Term Loan
Assumption Agreement dated as of May 4, 2010 (the “Amendment No. 2”), as further amended by an
Amendment No. 3 and Incremental Term Loan Assumption Agreement dated as of September 30, 2010
(the “Amendment No. 3”) and as further amended and restated by an Amendment No. 4 and
Incremental Term Loan Assumption Agreement dated as of February 9, 2011 (the “Amendment No.
4”), and as further amended by an Amendment No. 5 dated as of March 11, 2011 (the “Amendment
No. 5”), certain facilities were made available to the Borrowers on the terms and conditions
thereof.

 

 

			
	
	 	3 / 12

	(B)	 	Pursuant to a senior secured note indenture dated November 5, 2009 (the “2009 Senior Secured
Note Indenture”) as supplemented by various supplemental indentures entered into on or before
the date of this Agreement among inter alia Reynolds Group Issuer (Luxembourg) S.A., Reynolds
Group Issuer LLC and Reynolds Group Issuer Inc. (collectively, the “Issuers”), the Note
Guarantors (as defined therein) and The Bank of New York Mellon, as trustee (the “Trustee”)
certain senior secured notes due 2016 were issued to certain noteholders on the terms and
conditions thereof.
	 
	(C)	 	Pursuant to a first lien intercreditor agreement dated November 5, 2009 among The Bank of New
York Mellon as collateral agent and as trustee, the Administrative Agent and certain SIG group
companies, as amended by Amendment No. 1 dated as of January 21, 2010 (which added Wilmington
Trust (London) Limited as a collateral agent under the first lien intercreditor agreement)
(the “First Lien Intercreditor Agreement”), The Bank of New York Mellon and, later, Wilmington
Trust (London) Limited were appointed each as a Collateral Agent (as defined therein) with
regard to, among other things, the acquisition, holding and enforcement of Liens on Collateral
(both as defined therein).
	 
	(D)	 	Pursuant to a senior secured note indenture dated October 15, 2010 (the “2010 Senior Secured
Note Indenture”) as supplemented by various supplemental indentures entered into on or before
the date of this Agreement among, inter alia, RGHL US Escrow I Inc., RGHL US Escrow I LLC and
RGHL Escrow Issuer (Luxembourg) I S.A., the Note Guarantors (as defined therein) 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, certain
senior secured notes due 2019 were issued to certain noteholders on the terms and conditions
thereof.
	 
	(E)	 	The Credit Agreement, the 2009 Senior Secured Note Indenture, the 2010 Senior Secured Note
Indenture and the First Lien Intercreditor Agreement were supplemented (as applicable) several
times by means of guarantor joinders to the Credit Agreement (which also provide for an
accession to the First Lien Intercreditor Agreement) and supplemental indentures (see also
recital (B)) to the 2009 Senior Secured Note Indenture and supplemental indentures (see also
recital (D)) to the 2010 Senior Secured Note Indenture.
	 
	(F)	 	Pursuant to a senior secured notes indenture dated February 1, 2011 (the “February 2011
Senior Secured Notes Indenture”) as supplemented by various supplemental

 

 

			
	
	 	4 / 12

	 	 	indentures entered into on or before the date of this Agreement among, inter alia, the
Issuers and the Trustee, as trustee, principal paying agent, registrar and collateral agent
and Wilmington Trust (London) Limited as additional collateral agent, certain senior secured
notes due 2021 (the “February 2011 Senior Secured Notes”) were issued by the Issuers to
certain noteholders on the terms and conditions thereof.
	 
	(G)	 	On February 1, 2011, the February 2011 Senior Secured Notes Indenture and any Senior Secured
Note Documents (as defined in the February 2011 Senior Secured Notes Indenture) each became an
“Additional Agreement” under the First Lien Intercreditor Agreement as a result of the
designation of the obligations with respect of the February 2011 Senior Secured Notes
Indenture and any Senior Secured Note Documents (as defined in the February 2011 Senior
Secured Notes Indenture) as “Additional Obligations” under Section 5.02 (c) of the First Lien
Intercreditor Agreement (the “February 2011 Senior Secured Notes Designation”).
	 
	 	 	In this respect, it should be noted that the definition of “Loan Documents” in the Security
Document (as defined below) (which is defined to include the “Credit Documents” under, and as
defined in, the First Lien Intercreditor Agreement) extends to any “Additional Agreement” (as
defined in the First Lien Intercreditor Agreement).
	 
	(H)	 	Pursuant to the Principal Finance Documents, the Parties (as defined below) hereto have
entered into the Swiss law security document as listed and described in Schedule 1 hereto (the
“Security Document”) over certain assets owned by the Confirming Grantor in order to secure
the performance of the Secured Obligations.
	 
	(I)	 	RGHL, the Borrowers, 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, among others, have
entered into the Amendment No. 2 relating to the Credit Agreement and pursuant to which (i)
the Credit Agreement has been amended to inter alia increase the incremental term facilities
from an amount of USD 400,000,000 to an amount of USD 1,550,000,000 and (ii) certain
incremental term lenders have agreed to make available incremental term loans in an amount of
USD 800,000,000 to the Borrowers.
	 
	(J)	 	RGHL, the Borrowers, the Guarantors from time to time party thereto (as defined therein), the
Lenders from time to time party thereto and the Administrative Agent, among others, have
entered into the Amendment No. 3 relating to the Credit Agreement

 

 

			
	
	 	5 / 12

	 	 	and pursuant to which the Credit Agreement has been amended to, inter alia, add an
incremental tranche A facility of up to USD 500,000,000 and an incremental tranche D facility
of up to USD 1,520,000,000.
	 
	(K)	 	The Confirming Grantor has entered into Swiss law-governed confirmation and amendment
agreements dated August 27, 2010 and January 14, 2011 pursuant to which, among other
provisions, the Confirming Grantor has confirmed that the obligations of the Credit Agreement
as amended under the Amendment No. 2 and the Amendment No. 3 respectively and the obligations
of the 2010 Senior Secured Note Indenture are also secured by the security interest created by
the Security Document.
	 
	(L)	 	RGHL, the Borrowers, the Guarantors from time to time party thereto, the Lenders from time to
time party thereto and the Administrative Agent (all as defined therein), among others, have
entered into the Amendment No. 4 and the Amendment No. 5 relating to the Credit Agreement and
pursuant to which the Credit Agreement has been amended and restated by Amendment No. 4 to,
inter alia, add new incremental term loans of up to USD 2,325,000,000 and EUR 250,000,000 (the
“Amended and Restated Credit Agreement”) and further amended by Amendment No. 5. The
obligations of the Confirming Grantor under the Amended and Restated Credit Agreement, as
amended, are subject to the successful completion of a financial strength review.
	 
	(M)	 	Concurrently with this Agreement, the Confirming Grantor, among others, has entered into a
New York law-governed reaffirmation agreement dated as of the date hereof in respect of the
non-Swiss law security to which the Confirming Grantor is a party and the guarantee of the
Credit Agreement by the Confirming Grantor and pursuant to which, among other provisions, the
Confirming Grantor has (i) ratified and affirmed the Amendment No. 4, and the transactions
contemplated thereby, (ii) confirmed and re-affirmed its guarantee of the
obligations as provided in the Amended and Restated Credit Agreement and (iii) confirmed and
reaffirmed that certain of its non-Swiss law security, if any, extends to the Additional
Obligations as a result of the February 2011 Senior Secured Notes Designation and to the
Amended and Restated Credit Agreement.
	 
	(N)	 	The Confirming Grantor and the Collateral Agent (acting for itself and for the benefit and
for the account of the Secured Parties (as defined in the First Lien Intercreditor Agreement))
(collectively, the “Parties” and each a “Party”) have agreed to enter into this Agreement in
order to ensure that the Security Document continues to secure the Secured Obligations and
extends to all obligations of the Confirming Grantor in

 

 

			
	
	 	6 / 12

	 	 	connection with the February 2011 Senior Secured Notes Designation, the Amendment No. 4 and
the Amended and Restated Credit Agreement.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND CONSTRUCTION

	(a)	 	Unless defined otherwise herein, capitalized terms and expressions used herein shall have
the meaning ascribed to them in the Security Document.
	 
	(b)	 	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
that, accordingly, all rights, duties, privileges, protections, indemnities and benefits of
the Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby
incorporated by reference.

2. EFFECTIVE DATE

	 	 	This Agreement is effective as of the date set forth on its front page (the “Effective
Date”).

3. CONFIRMATION — AMENDMENT

	 	 	Each Party hereby confirms and agrees that any and all Obligations (as defined in the First
Lien Intercreditor Agreement and thus including any and all obligations that are “Additional
Obligations” as a result of the February 2011 Senior Secured Notes Designation or under or in
connection with the Amendment No. 4 and the Amended and Restated Credit Agreement) constitute
“Secured Obligations” as set forth and defined in the Security Document and that, therefore,
any and all obligations under or in connection with the February 2011 Senior Secured Notes
Indenture and the Senior Secured Note Documents (as defined in the February 2011 Senior
Secured Notes Indenture) or the Amendment No. 4 and the Amended and Restated Credit Agreement
shall also be secured by the security interest created by and pursuant to the Security
Document.

4. CONTINUITY

	 	 	Each Party hereby confirms that, notwithstanding the effectiveness of the February

 

 

			
	
	 	7 / 12

	 	 	2011 Senior Secured Notes Designation, the February 2011 Senior Secured Notes Indenture, the
Senior Secured Note Documents (as defined in the February 2011 Senior Secured Notes
Indenture), the Amendment No 4 and the Amended and Restated Credit Agreement, and subject to
Legal Reservations (as defined in the Credit Agreement), the Security Document continues to
be in full force and effect, save as amended by this Agreement, and acknowledges that the
security constituted by the Security Document continues to be in full force and effect so as
to secure, on a pari passu basis, any and all Secured Obligations (as amended by this
Agreement) under or in connection with the February 2011 Senior Secured Notes Indenture, the
Senior Secured Note Documents (as defined in the February 2011 Senior Secured Notes
Indenture), the Amendment No. 4 and the Amended and Restated Credit Agreement, as well as the
other Loan Documents.
	 
	 	 	For the avoidance of doubt, for Swiss law purposes, the Collateral Agent shall act and shall
be deemed to act for the benefit and for the account of each of the Secured Parties (as
defined in the First Lien Intercreditor Agreement) as a result of the February 2011 Senior
Secured Notes Designation, the Amendment No. 4 and the Amended and Restated Credit Agreement,
for the purposes of this Agreement, without any prejudice to the rights and duties laid upon
the Collateral Agent under the laws applicable to the Loan Documents.

5. MISCELLANEOUS

	(a)	 	To the extent permitted under the Principal Finance Documents, this Agreement may not be
modified, amended, altered or supplemented, in whole or in part, except by a written agreement
signed by the Parties.
	 
	(b)	 	If any provision of this Agreement is found by any competent authority to be void, invalid or
unenforceable, such provision shall be deemed to be deleted from this Agreement and the
remaining provisions of this Agreement shall continue in full force. In this event, the
Agreement shall be construed, and, if necessary, amended in a way to give effect to, or to
approximate, or to achieve a result which is as close as legally possible to the result
intended by the provision hereof determined to be void, illegal or unenforceable.
	 
	(c)	 	The rights of a Party to this Agreement shall not be prejudiced or restricted by any
indulgence or forbearance extended to the other Party. A waiver to pursue any breach of
contract by a Party shall not operate as a waiver of the respective right or as a waiver

 

 

			
	
	 	8 / 12

	 	 	to claim any subsequent breach. Any provision of this Agreement may be waived only by a
written statement of the waiving Party.

6. NOTICES

	(a)	 	Each notice or other communication to be given under this Agreement shall be given in writing
in English and, unless otherwise provided, shall be made by fax, hand delivery or mail.
	 
	(b)	 	Without prejudice to any other method of service of notices and communications provided by
law, any notice or other communication to be given by one Party to the other under this
Agreement shall (unless one Party has by 5 days’ notice to the other Party specified another
address) be given to that other Party at the respective addresses given in section (c) below
and shall be effective only when received.
	 
	(c)	 	The addresses are the ones respectively listed in the “Notices” provision of the Security
Document; provided that all communications and notices to Wilmington Trust (London) Limited
hereunder shall be given to it at the address set forth below, or to such other address as
Wilmington Trust (London) Limited may hereafter specify.

Wilmington Trust (London) Limited

Third Floor

1 King’s Arms Yard

London EC2R 7AF

Facsimile: +44 (0)20 7397 3601

Attention: Elaine Lockhart

7. FURTHER ASSURANCE

	 	 	Subject to the Agreed Security Principles, the Confirming Grantor shall, at its own expense,
promptly, do all acts and execute all documents that are reasonably required or requested by
the Collateral Agent in connection with and for the purpose of the exercise of the rights of
the Collateral Agent hereunder or under the Security Document.

8. GOVERNING LAW

	 	 	This Agreement shall be governed by and construed in accordance with the substantive laws of
Switzerland (without regard to the International Private Law provisions thereof).

 

 

			
	
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9. JURISDICTION AND ENGLISH COURTS

	(a)	 	The courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”) arising
out of or in connection with this Agreement (including a Dispute regarding the existence,
validity or termination of this Agreement or the consequences of its nullity) or any
non-contractual obligations arising out of or in connection with this Agreement.
	 
	(b)	 	The Parties agree that the courts of England are the most appropriate and convenient courts
to settle Disputes and accordingly no Party will argue to the contrary.
	 
	(c)	 	This Clause 9 is for the benefit of the Collateral Agent only. As a result and
notwithstanding Clause 9 (a), it does not prevent the Collateral Agent from taking
proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed
by law, the Collateral Agent may take concurrent proceedings in any number of jurisdictions.

10. SERVICE OF PROCESS

	 	 	Without prejudice to any other mode of service allowed under any relevant law, the Confirming
Grantor:
	 
	(a)	 	irrevocably appoints Law Debenture Corporate Services Limited as its agent for service of
process in relation to any proceedings before the English courts in connection with this
Agreement; and
	 
	(b)	 	agrees that failure by an agent for service of process to notify the Confirming Grantor of
the process will not invalidate the proceedings concerned.

11. COUNTERPARTS

	 	 	This Agreement may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument.

THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK

THE FOLLOWING PAGES ARE THE SIGNATURE PAGES

 

 

			
	
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SIGNATURE PAGE

WILMINGTON TRUST (LONDON) LIMITED, by

as Collateral Agent for itself and for the benefit and for the account of the Secured Parties

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Paul Barton
 	 
	 	 	Name:  	Paul Barton 	 
	 	 	Title:  	Relationship Manager 	 

SIG COMBIBLOC GMBH & CO KG

represented by its general partner SIG Combibloc GmbH

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Jennie Blizard
 	 
	 	 	Name:  	Jennie Blizard 	 
	 	 	Title:  	Authorised Signatory 	 
	 

 

 

			
	
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SCHEDULE 1

Security Document

“Security Document” means the following Swiss law governed agreement between the Confirming Grantor
and the Collateral Agent as amended and/or confirmed prior to the Effective Date:

Assignment of bank accounts dated March 4, 2010 and entered into between SIG Combibloc GmbH & Co.
KG as assignor and Wilmington Trust (London) Limited acting as collateral agent for itself and for
the benefit and for the account of the secured parties and as assignee.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]