Document:

exv10w132

Exhibit 10.132

 

Deed Poll of Indemnification

Dated 14 March 2012

Reynolds Group Holdings Limited

for the benefit and in favour of

the Indemnitees defined in this Deed Poll of Indemnification

(Luxembourg — Beverage Packaging Holdings (Luxembourg) IV S.à r.l.)

 

 

 

Contents

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions
	 	 	1	 
	2. Indemnification
	 	 	2	 
	3. Limitations on Indemnification
	 	 	2	 
	4. Indemnification Procedure
	 	 	3	 
	5. Severability
	 	 	3	 
	6. Governing law
	 	 	3	 
	7. Amendments
	 	 	3	 
	8. Continuation of Deed Poll
	 	 	3	 
	 
	 	 	 	 
	Schedule
	 	 	 	 
	1. Part A: Luxembourg Obligor
	 	 	5	 
	2. Part B: List of Indemnitees
	 	 	6	 

 

 

THIS DEED POLL OF INDEMNIFICATION is made on 14 March 2012

BY:

Reynolds Group Holdings Limited, a company registered in New Zealand whose registered
office is at c/o Bell Gully (GJM), Level 22, Vero Centre, 48 Shortland Street, Auckland, New
Zealand (“RGHL”);

IN FAVOUR AND FOR THE BENEFIT OF:

Each Indemnitee (as defined below).

BACKGROUND

	A.	 	The Luxembourg Obligor (as defined below) is an indirect subsidiary of RGHL and a member of
the Reynolds group of companies (the “Reynolds Group”). It is currently intended that
the Luxembourg Obligor will become a guarantor and security provider in respect of the
Reynolds Group’s existing financing arrangements (the “Existing Financing
Arrangements”).
	 
	B.	 	In addition, the Luxembourg Obligor may be required to take certain steps as may be necessary
or desirable to effect other acquisitions, dispositions, financings, refinancings or corporate
restructurings in connection with any future acquisition, disposition, financing, corporate
restructuring or any other transaction entered into by members of the Reynolds Group,
including, without limitation, by way of entry into any acquisition agreement, indenture,
credit or other financing agreement, intercreditor agreement, guarantee, security document,
purchase agreement, registration rights agreement or any other document, or any joinder to,
or amendment or affirmation of, such document (each such transaction, a “Prospective
Transaction”, and collectively, the “Prospective Transactions”).
	 
	 	 	(The Existing Financing Arrangements together with the Prospective Transactions are,
collectively, the “Transactions”, and the documents relating to the Transactions, are
collectively, the “Transaction Documents”.)
	 
	C.	 	RGHL has agreed to provide an indemnity to the Indemnitees (as defined below) in
respect of the Transactions, as further described below.

It is the intention of RGHL that this document be executed as a deed poll (this “Deed Poll”) in
favour and for the benefit of each Indemnitee.

THIS DEED POLL WITNESSES as follows:

	1.	 	Definitions
	 
	 	 	“Indemnitee” means each person listed in Part B of the Schedule to this Deed Poll
and, after the date of this Deed Poll, any person serving as or elected to or

 

 

	 	 	appointed to serve as a director or supervisory board member of the Luxembourg
Obligor; and
	 
	 	 	“Luxembourg Obligor” means each company listed in Part A of the Schedule to this
Deed Poll.
	 
	2.	 	Indemnification
	 
	 	 	Subject to an Indemnitee complying with the procedures in clause 4 below, RGHL shall
indemnify each Indemnitee against all legal expenses, losses, liabilities, judgments,
fines, penalties and amounts paid in settlement (including all interest, assessments and
other charges in connection therewith) (collectively, the “Indemnified
Liabilities”) incurred by an Indemnitee or on an Indemnitee’s behalf in connection with
any proceeding resulting from or relating to decisions the Indemnitee made or any actions
the Indemnitee took on behalf of a Luxembourg Obligor in his or her capacity as a director
or supervisory board member of that company in connection with any Transactions or the
approval or execution of any Transaction Document or associated corporate authorization or
resolutions or documents in relation to the Transactions.
	 
	3.	 	Limitations on Indemnification
	 
	 	 	Notwithstanding any other provision of this Deed Poll, an Indemnitee shall not be
entitled to indemnification under this Deed Poll:

	 	(a)	 	to the extent that such indemnification is not permitted by applicable laws;
or
	 
	 	(b)	 	to the extent such Indemnified Liabilities are the result of the gross
negligence, bad faith or wilful misconduct of the Indemnitee; or
	 
	 	(c)	 	to the extent that payment is actually made, or for which payment is
available, to or on behalf of the relevant Indemnitee under an insurance policy,
except in respect of any amount in excess of the limits of liability of such policy or
any applicable deductible for such policy; or
	 
	 	(d)	 	to the extent that payment has or will be made to the relevant
Indemnitee by a Luxembourg Obligor or any affiliate of RGHL otherwise than
pursuant to this Deed Poll; or
	 
	 	(e)	 	in connection with any proceeding (or part thereof) or appeal in
relation to a proceeding initiated by an Indemnitee, unless:

	 	(i)	 	such indemnification is expressly required to be made by law;
	 
	 	(ii)	 	the proceeding was authorised by the shareholder(s) (or other
decision making organ) of the relevant Luxembourg Obligor; or
	 
	 	(iii)	 	such indemnification is provided by the relevant
Luxembourg Obligor, in its sole discretion, pursuant to the powers vested in
the Luxembourg Obligor under applicable law.

2

 

	4.	 	Indemnification Procedure

	 	4.1	 	To qualify for indemnification under this Deed Poll, each Indemnitee shall give
RGHL notice in writing as soon as practicable of any proceeding in relation to that
Indemnitee for which indemnification will or could be sought under this Deed Poll.
	 
	 	4.2	 	To obtain indemnification payments or advances under this Deed Poll, an
Indemnitee shall submit to RGHL a written request therefore, together with such
invoices or other supporting information as may be reasonably requested by RGHL and
reasonably available to the relevant Indemnitee.
	 
	 	4.3	 	Subject to clauses 4.2 and 4.4, RGHL shall make such indemnification payment
within 30 business days of receipt of such invoices and supporting information.
	 
	 	4.4	 	There shall be no presumption in favour of indemnification. If there is a
dispute between RGHL and an Indemnitee as to whether that Indemnitee is entitled to
indemnification, then independent legal counsel shall be selected by the board of
directors of RGHL to make such determination. The selected independent legal counsel
shall make such determination within 30 business days of being selected and the
decision of such independent legal counsel shall be binding upon all RGHL and the
relevant Indemnitee.

	5.	 	Severability
	 
	 	 	If any provision or provisions of this Deed Poll shall be held to be invalid, illegal
or unenforceable for any reason, the validity, legality and enforceability of the remaining
provisions of this Deed Poll shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law.
	 
	6.	 	Governing law
	 
	 	 	This Deed Poll shall be governed by and its provisions construed in
accordance with New Zealand law.
	 
	7.	 	Amendments
	 
	 	 	No amendment or modification of this Deed Poll shall be effective unless it is
approved in writing by each Indemnitee having the benefit of this Deed Poll.
	 
	8.	 	Continuation of Deed Poll
	 
	 	 	This Deed Poll shall remain in effect in favor and for the benefit of each Indemnitee
with respect to any action or failure to act of such Indemnitee during the term of service
of such Indemnitee as a director or supervisory board member of the relevant Luxembourg
Obligor, whether or not the term of service of such Indemnitee has concluded.

3

 

IN WITNESS of which this Deed Poll has been executed and has been delivered on the date
stated at the beginning of this Deed Poll for the benefit and in favour of each Indemnitee.

	 	 	 

	Reynolds Group Holdings Limited
	 	 
	 
	 	 
	/s/ Gregory Alan Cole 

Name: Gregory Alan Cole

	 	 
	Title: Director
	 	 

	 	 	 	 	 

	 

	 	/s/ J Ramsey 

Signature of witness
	 	 
	 
	 	 	 	 
	 
	 	Secretary	 	 
	 

	 	 	 	 
	 

	 	Occupation	 	 
	 
	 	 	 	 
	 
	 	Auckland	 	 
	 

	 	 	 	 
	 

	 	City of Residence	 	 

4

 

Schedule

Part A

Luxembourg Obligor

	•	 	Beverage Packaging Holdings (Luxembourg) IV S.à r.l.

5

 

Part B 

List of Indemnitees

	•	 	Gregory Alan Cole
	 
	•	 	Stewart Kam-Cheong
	 
	•	 	Herman Schommarz

6exv10w133

Exhibit 10.1.33

 

Indemnification Agreement 

Dated 23 April 2012

Reynolds Group Holdings Limited

for the benefit and in favour of

the Indemnitees defined in Indemnification Agreement

(Netherlands — Graham Packaging Holdings B.V.)

 

 

 

Contents

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions
	 	 	2	 
	2. Indemnification
	 	 	2	 
	3. Limitations on Indemnification
	 	 	2	 
	4. Indemnification Procedure
	 	 	3	 
	5. Severability
	 	 	3	 
	6. Governing law
	 	 	3	 
	7. Amendments
	 	 	3	 
	8. Continuation of Agreement
	 	 	3	 
	 
	 	 	 	 
	Schedule
	 	 	 	 
	1. Part A: Netherlands Subsidiary
	 	 	6	 
	2. Part B: List of Indemnitees
	 	 	7	 

 

 

THIS INDEMNIFICATION AGREEMENT is made on 23 April 2012

BY:

Reynolds Group Holdings Limited, a company registered in New Zealand whose registered
office is at c/o Bell Gully (GJM), Level 22, Vero Centre, 48 Shortland Street, Auckland, New
Zealand (“RGHL”);

IN FAVOUR AND FOR THE BENEFIT OF:

Each Indemnitee (as defined below).

BACKGROUND

	A.	 	The Netherlands Subsidiary (as defined below) is a direct subsidiary of
Graham Packaging Acquisition Coip. (“GPAC”), a Delaware company, an
indirect subsidiary of RGHL and a member of the Reynolds group of
companies (the “Reynolds Group”). GPAC is a guarantor and security
provider in respect of the Reynolds Group’s existing financing arrangements.
It is currently intended that GPAC will pledge up to a maximum of 65% of its
issued and outstanding shares in the Netherlands Subsidiary (the “Share
Pledge”).
	 
	B.	 	In addition, the Netherlands Subsidiary may be required to take certain steps
as may be necessary or desirable to effect other acquisitions, dispositions,
financings, refinancings or corporate restructurings in connection with any
future acquisition, disposition, financing, corporate restructuring or any other
transaction entered into by members of the Reynolds Group, including,
without limitation, by way of entry into any acquisition agreement, indenture,
credit or other financing agreement, intercreditor agreement, guarantee,
security document, purchase agreement, registration rights agreement or any
other document, or any joinder to, or amendment or affirmation of, such
document (each such transaction, a “Prospective Transaction”, and
collectively, the “Prospective Transactions”).
	 
	 	 	(The Share Pledge together with the Prospective Transactions are, collectively, the
“Transactions”, and the documents relating to the Transactions, are collectively, the
“Transaction Documents”.)
	 
	C.	 	RGHL has agreed to provide an indemnity to the Indemnitees (as defined
below) in respect of the Transactions, as further described below.

It is the intention of RGHL that this document be executed as an agreement (this
“Agreement”) in favour and for the benefit of each Indemnitee.

THIS AGREEMENT WITNESSES as follows:

 

 

	1.	 	Definitions

	 	 	“Indemnitee” means each person listed in Part B of the Schedule to this Agreement and,
after the date of this Agreement, any person serving as or elected to or appointed to serve
as a director of the Netherlands Subsidiary; and
	 
	 	 	“Netherlands Subsidiary” means the company listed in Part A of the Schedule to this
Agreement.
	 
	2.	 	Indemnification
	 
	 	 	Subject to an Indemnitee complying with the procedures in clause 4 below, RGHL shall
indemnify each Indemnitee against all legal expenses, losses, liabilities, judgments,
fines, penalties and amounts paid in settlement (including all interest, assessments and
other charges in connection therewith) (collectively, the “Indemnified Liabilities”)
incurred by an Indemnitee or on an Indemnitee’s behalf in connection with any proceeding
resulting from or relating to decisions the Indemnitee made or any actions the Indemnitee
took on behalf of a Netherlands Subsidiary in his or her capacity as a director of that
company in connection with any Transactions or the approval or execution of any Transaction
Document or associated corporate authorization or resolutions or documents in relation to
the Transactions.
	 
	3.	 	Limitations on Indemnification
	 
	 	 	Notwithstanding any other provision of this Agreement, an Indemnitee shall not be
entitled to indemnification under this Agreement:

	 	(a)	 	to the extent that such indemnification is not permitted by applicable
laws; or
	 
	 	(b)	 	to the extent such Indemnified Liabilities are the result of the gross
negligence, bad faith or wilful misconduct of the Indemnitee; or
	 
	 	(c)	 	to the extent that payment is actually made, or for which payment is
available, to or on behalf of the relevant Indemnitee under an insurance
policy, except in respect of any amount in excess of the limits of
liability of such policy or any applicable deductible for such policy; or
	 
	 	(d)	 	to the extent that payment has or will be made to the relevant
Indemnitee by a Netherlands Subsidiary or any affiliate of RGHL
otherwise than pursuant to this Agreement; or
	 
	 	(e)	 	in connection with any proceeding (or part thereof) or appeal in
relation to a proceeding initiated by an Indemnitee, unless:

	 	(i)	 	such indemnification is expressly required to be made by law;
	 
	 	(ii)	 	the proceeding was authorised by the shareholder(s)
(or other decision making organ) of the relevant Netherlands Subsidiary; or

2

 

	 	(iii)	 	such indemnification is provided by the relevant Netherlands
Subsidiary, in its sole discretion, pursuant to the powers vested in the
Netherlands Subsidiary under applicable law.

	4.	 	Indemnification Procedure

	 	4.1	 	To qualify for indemnification under this Agreement, each Indemnitee
shall give RGHL notice in writing as soon as practicable of any
proceeding in relation to that Indemnitee for which indemnification
will or could be sought under this Agreement.
	 
	 	4.2	 	To obtain indemnification payments or advances under this
Agreement, an Indemnitee shall submit to RGHL a written request
therefore, together with such invoices or other supporting information
as may be reasonably requested by RGHL and reasonably available to
the relevant Indemnitee.
	 
	 	4.3	 	Subject to clauses 4.2 and 4.4, RGHL shall make such indemnification
payment within 30 business days of receipt of such invoices and
supporting information.
	 
	 	4.4	 	There shall be no presumption in favour of indemnification. If there is
a dispute between RGHL and an Indemnitee as to whether that
Indemnitee is entitled to indemnification, then independent legal
counsel shall be selected by the board of directors of RGHL to make
such determination. The selected independent legal counsel shall make
such determination within 30 business days of being selected and the
decision of such independent legal counsel shall be binding upon all
RGHL and the relevant Indemnitee.

	5.	 	Severability
	 
	 	 	If any provision or provisions of this Agreement shall be held to be invalid, illegal
or unenforceable for any reason, the validity, legality and enforceability of the remaining
provisions of this Agreement shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law.
	 
	6.	 	Governing law
	 
	 	 	This Agreement shall be governed by and its provisions construed in
accordance with Netherlands law.
	 
	7.	 	Amendments
	 
	 	 	No amendment or modification of this Agreement shall be effective unless it is
approved in writing by each Indemnitee having the benefit of this Agreement.
	 
	8.	 	Continuation of Agreement
	 
	 	 	This Agreement shall remain in effect in favor and for the benefit of each
Indemnitee with respect to any action or failure to act of such Indemnitee during
the term of service of such Indemnitee as a director of the relevant

3

 

	 	 	Netherlands Subsidiary, whether or not the term of service of such Indemnitee has concluded.

4

 

IN WITNESS of which this Agreement has been executed and has been delivered on the
date stated at the beginning of this Agreement for the benefit and in favour of each
Indemnitee.

	 	 	 

	Reynolds Group Holdings Limited
	 	 
	 
	 	 
	/s/ Gregory Alan Cole 

Name: Gregory Alan Cole

	 	 
	Title: Director
	 	 

	 	 	 	 	 

	 

	 	/s/ J Ramsey 

Signature of witness
	 	 
	 
	 	 
	 
	 	Secretary	 	 
	 

	 	 	 	 
	 

	 	Occupation	 	 
	 
	 	 
	 
	 	Auckland	 	 
	 

	 	 	 	 
	 

	 	City of Residence	 	 

5

 

Schedule

Part A

Netherlands Subsidiary

	•	 	Graham Packaging Holdings B.V.

6

 

Part B 

List of Indemnitees

	•	 	Frederic Armand Aram Afarian
	 
	•	 	Thomas CYR Hallowell
	 
	•	 	Stefan Antoni Kolakowski

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00205-of-00352.parquet"}]]