Document:

exv4w293

EXHIBIT 4.293

AMENDMENT AGREEMENT NO. 2

dated NOVEMBER 16, 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 AS AMENDED ON 4 MAY 2010

 

in respect of its Quota in CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelösségü Társaság

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 November 16, 2010

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)	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelösségü Társaság a limited liability company
(korlátolt felelosségu társaság) incorporated under the laws of Hungary, having its registered
seat as at the date of this Agreement at Berényi út 72-100., 8000 Székesfehérvár, Hungary,
registered with the Fejér County Court in Székesfehérvár, Hungary, under registration number:
Cg.07-09-013757, with tax identification number: 14122952-2-07 (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) 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”).

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	(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. 3
and incremental assumption agreement dated 30 September 2010 (the “Incremental Assumption and
Amendment Agreement”) to amend the terms of the Credit Agreement.
	 
	(D)	 	Pursuant to an indenture (the “2010 Secured Notes Indenture”) dated 15 October 2010
and entered into between, among others the Escrow Issuers (as defined below) 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 secured
notes (the “2010 Secured Notes”) were issued by the Escrow Issuers. On or about the date
hereof the 2010 Secured Notes shall be released from escrow and the obligations of the Escrow
Issuers shall be assumed by the Issuers.
	 
	(E)	 	The obligations in respect of the 2010 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 (the
“Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement and the issue of the 2010 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:
	 
	 	 	“Escrow Issuers” means RGHL US Escrow I LLC, RGHL US Escrow I Inc. and RGHL Escrow
(Luxembourg) I S.A.
	 
	 	 	“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.
	 
	 	 	“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 between the Chargor and the
Chargee.

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	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:
	 
	 	 	 	“ “2010 Secured Notes Indenture” means the indenture dated 15 October 2010, among
the 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, attached as Part 1 of Schedule 3 (2010 Secured Notes Indenture) to this
Agreement.”
	 
	 	 	 	“ “Escrow Issuers” means RGHL US Escrow I LLC, RGHL US Escrow I Inc. and RGHL Escrow
(Luxembourg) I S.A.”
	 
	 	(b)	 	The definition of “Incremental Assumption and Amendment Agreement” in clause
1.1 (Definitions) of the Quota Charge Agreement shall be replaced with the following
wording:
	 
	 	 	 	 “ “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, the text of which is attached as Part IV of Schedule 3
(Incremental Assumption and Amendment Agreement) to this Agreement.”

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	 	(c)	 	Clause 2.1 (i) of the Quota Charge Agreement shall be replaced with the
following wording:

	 	(i)	 	“USD 7,350,000,000 (that is seven billion three hundred and fifty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million
euro) (the “Secured Principal”); plus”

	 	(d)	 	Schedule 3 of the Quota Charge Agreement shall be supplemented with Schedule A
(Part IV of Schedule 3 (Incremental Assumption and Amendment Agreement)) of this
Agreement.
	 
	 	(e)	 	Schedule 3 of the Quota Charge Agreement shall be supplemented with Schedule B
(Part V of Schedule 3 (2010 Secured Notes Indenture)) 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.
	 
	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.

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	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.

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

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SCHEDULE A

“SCHEDULE 3

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO BE INSERTED) ”

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SCHEDULE B

“SCHEDULE 3

Part V

2010 Secured Notes Indenture”

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SCHEDULE C

ÜZLETRÉSZ ZÁLOGSZERZÖDÉST MÖDOSÍTÖ SZERZÖDÉS 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. [*] napján
létrejött módosító szerzodés (a továbbiakban: “Szerzodés”) 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 [*] 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 zálogszerzodéssel (a
“Zálogszerzodés”) üzletrész zálogjogot alapítottak a Zálogjogosult javára Zálogkötelezettnek a
CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelösségü Társaságban (székhelye: 8000
Székesfehérvár, Berényi út 72-100., Magyarország;

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	 	 	cégjegyzékszáma a Fejér Megyei Bíróság mint
Cégbíróságnál: Cg. 07-09-013757, adószáma: 14122952-1-07, a továbbiakban: “Társaság”) fennálló
11.335.780.000,- Ft, azaz tizenegymilliárd-háromszázharmincötmillió-hétszáznyolcvanezer forint névértéku, a
Társaság jegyzett tokéjének 100%-át megtestesíto üzletrészén. A Zálogszerzodést a
Zálogkötelezett és a Zálogjogosult 2010. május 4. napján módosította.
	 
	 	 	The Chargor and the Chargee created a quota charge in favour of the Chargee over the
quota of the Chargor held in CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelosségu
Társaság (registered seat: 8000 Székesfehérvár, Berényi út 72-100., Hungary, company
registration number: Cg. 07-09-013757 with the Fejér County Court as the Court of
Registration, tax number: 14122952-1-07, hereinafter referred to as the “Company”) with a
nominal value of HUF 11,335,780,000 (i.e. eleven billion three hundred thirty five million
seven hundred and eighty 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.
	 
	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).

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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. 16 November 2010

	 	 	 

	 

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:

CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű Társaság — as Company

By:

- 11 -exv4w294

			
	
	 	EXHIBIT 4.294

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

AND

THE COMPANIES LISTED IN SCHEDULE 1

AS PLEDGORS

 

CONFIRMATION AGREEMENT

 

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.

- 1 -

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1.Definitions And Interpretation
	 	 	2	 
	 
	2.Confirmation
	 	 	3	 
	 
	3.Costs
	 	 	4	 
	 
	4.Partial Invalidity
	 	 	4	 
	 
	5.Law And Jurisdiction
	 	 	4	 
	 
	Schedule 1 The Pledgors
	 	 	5	 
	 
	Schedule 2 Pledge Agreements
	 	 	6	 

- 1 -

 

THIS CONFIRMATION AGREEMENT is made on 16 November 2010

BETWEEN:

	(1)	 	THE BANK OF NEW YORK MELLON, acting for itself and as collateral agent as appointed
under the First Lien Intercreditor Agreement (as defined below) for the benefit of the Secured
Parties (as defined below), together with its successors and permitted assigns in such
capacity (the “Collateral Agent”); and

	(2)	 	The pledgors listed in schedule 1 (the “Pledgors”).

WHEREAS:

	(A)	 	Pursuant to a credit agreement (the “Credit Agreement”) dated 5 November 2009 and
entered into between Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc.,
SIG Euro Holding AG & CO KGaA, Closure Systems International Holdings Inc., Closure Systems
International B.V. and SIG Austria Holding GmbH as borrowers, Reynolds Group Holdings Limited,
the lenders from time to time party thereto and Credit Suisse AG, as administrative agent, as
amended by amendment agreements dated as 21 January 2010 and 4 May 2010 and as further
amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced
or modified from time to time, certain loan facilities (the “Facilities”) were made available
to the Borrowers (as defined below).

	(B)	 	Pursuant to an indenture (the “Senior Secured Notes Indenture”) dated 5 November 2009
and entered into between the 2009 Issuers (as defined below), the Note Guarantors (as defined
therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent
and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time, certain notes were issued by the 2009
Issuers.

	(C)	 	On 5 November 2009, the Collateral Agent, The Bank of New York Mellon as trustee
under the Senior Secured Note Indenture, Credit Suisse AG as administrative agent under the
Credit Agreement, and the Loan Parties (as defined below) as at that date and certain other
parties, entered into an intercreditor agreement (the “First Lien Intercreditor Agreement”)
amended by an amendment dated 21 January 2010 and as further amended, novated, supplemented,
restated or modified from time to time.

	(D)	 	On 30 September 2010, Reynolds Group Holdings Inc., Reynolds Consumer Products
Holdings Inc., SIG Euro Holding AG & CO KGaA, Closure Systems International Holdings Inc.,
Closure Systems International B.V. and SIG Austria Holding GmbH as borrowers, Reynolds Group
Holdings Limited, the lenders from time to time party thereto and Credit Suisse AG, as
administrative agent, together with certain other parties have entered into an amendment N°3
and incremental term loan assumption agreement (the “Amendment and Incremental Assumption
Agreement”) relating to the Credit Agreement.

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	(E)	 	On 15 October 2010 the Escrow Issuers (as defined below) 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, entered into an indenture in
respect of the issue of new senior secured notes (the “2010 Secured Notes”) by the Escrow
Issuers (the “2010 Senior Secured Notes Indenture”), as amended, extended, restructured,
renewed, refunded, novated, supplemented, restated, replaced or modified from time to time. On
or about the date hereof, the 2010 Secured Notes shall be released from escrow and the
obligations of the Escrow Issuers shall be assumed by the 2009 Issuers as applicable.

	(F)	 	On or about the date hereof, Reynolds Group Holdings Inc., Reynolds Consumer Products
Holdings Inc., each of the Reaffirming Parties therein, Credit Suisse AG as administrative
agent and The Bank of New York Mellon, as trustee and collateral agentand Wilmington
Trust (London) Limited, as Collateral Agent, have entered into a reaffirmation agreement (the
“Reaffirmation Agreement”) pursuant to which each Reaffirming Party reaffirmed the Security
Documents to which they are a party.

	(G)	 	As a condition precedent to any further borrowing under the Credit Agreement, as
amended pursuant to the Amendment and Incremental Assumption Agreement, the Pledgors have
agreed to confirm the security interest granted under each of the pledge agreements (as listed
in schedule 2 hereto, the “Pledge Agreements”).

	(H)	 	The Obligations in respect of the 2010 Senior 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 (the “Secured Notes Designation”).

THE PARTIES AGREE AS FOLLOWS:

	1.	 	DEFINITIONS AND INTERPRETATION

	1.1	 	Terms defined in the First Lien Intercreditor Agreement and/or the Pledge Agreements
shall bear the same meaning herein, unless expressly provided to the contrary.

	1.2	 	In this Agreement:

	 	 	“Borrowers” shall mean the “Borrowers” under, and as defined in, the Credit Agreement from
time to time.

	 	 	“2009 Issuers” shall mean the “Issuers” under and as defined in the Senior Secured Notes
Indenture, including their successors in interest.

	 	 	“Escrow Issuers” shall mean RGHL US Escrow I LLC, RGHL US Escrow I Inc. and RGHL Escrow
Issuer (Luxembourg) I S.A..

	 	 	“Loan Documents” shall mean the “Credit Documents” under, and as defined in, the First Lien
Intercreditor Agreement and any other document designated by the Loan Parties’ Agent and the
Collateral Agent as a Loan Document.

	 	 	“Loan Parties” shall mean the “Grantors” under, and as defined in, the First Lien
Intercreditor Agreement.

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	 	 	“Secured Obligations” shall mean the “Secured Obligations” under, and as defined in, each of
the Pledge Agreements.

	 	 	“Secured Parties” shall mean the “Secured Parties” under, and as defined in, the First Lien
Intercreditor Agreement.

	1.3	 	This Confirmation Agreement may be executed in any number of counterparts and by way
of facsimile exchange of executed signature pages, all of which together shall constitute one
and the same Confirmation Agreement.

	1.4	 	The Parties agree that this Confirmation 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 and
benefits of the Collateral Agent set forth in the First Lien Intercreditor Agreement are
hereby incorporated by reference.
	 
	2.	 	CONFIRMATION

	 	 	Each Pledgor hereby, for the benefit of the Collateral Agent acting for itself and as
collateral agent as appointed under the First Lien Intercreditor Agreement for the benefit
of the Secured Parties, expressly (a) confirms its respective pledges and grants of security
interests in the Pledge Agreements to which it is a party and (b) agrees and confirms that
the Pledge Agreements and each of the security interests created thereunder shall (i) remain
in full force and effect in accordance with their terms subject to any applicable Legal
Reservation, (ii) continue to secure the Secured Obligations as they shall be in existence
following the amendment to the Credit Agreement pursuant to the Amendment and Incremental
Assumption Agreement and the Secured Notes Designation (iii) extend, subject to the
limitations (if any) contained in the relevant Pledge Agreements, to any obligations assumed
by any Loan Party under the Amendment and Incremental Assumption Agreement and to the
obligations that are “Additional Obligations” as a result of the Secured Notes Designation,
without any further actions.
	 
	3.	 	COST

	 	 	All the Collateral Agent’s costs and expenses, shall be reimbursed in accordance with the
provisions of Section 9.05 (Expenses, Indemnity) of the Credit Agreement.
	 
	4.	 	PARTIAL INVALIDITY

	 	 	If any provision of this Agreement is declared by any judicial or other competent authority
to be void or otherwise unenforceable, that provision shall be severed from this Agreement
and the remaining provisions of this Agreement shall remain in full force and effect. The
Agreement shall, however, thereafter be amended by the parties in such reasonable manner so
as to achieve, without illegality, the intention of the parties with respect to that severed
provision.

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	5.	 	LAW AND JURISDICTION

	 	 	This Agreement shall be governed by Luxembourg law and the courts of Luxembourg-City shall
have exclusive jurisdiction to settle any dispute which may arise from or in connection with
it.

	 	 	This Agreement has been duly executed by the parties in twelve copies.

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SCHEDULE 1

THE PLEDGORS

	1.	 	REYNOLDS GROUP HOLDINGS LIMITED, a company incorporated in New Zealand with registration
number 1812226 (“Parent”);

	2.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A., a société anonyme incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach,
Grand-duchy of Luxembourg registered with the Luxembourg register of commerce and companies
under the number B128.592 (“BPH I”);

	3.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A., a société anonyme incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach,
Grand-duchy of Luxembourg registered with the Luxembourg register of commerce and companies
under the number B128.914 (“BPH II”);

	4.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.àR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall,
L-5365 Munsbach, Grand-duchy of Luxembourg registered with the Luxembourg register of commerce
and companies under the number B128.135 and having a share capital of EUR 404,969,325.- (“BPH
III”);

	5.	 	SIG FINANCE (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L — 5365 Munsbach,
Grand-Duchy of Luxembourg, registered with the register of commerce and companies of
Luxembourg under number B130.835 and having a share capital of EUR 12,500.- (“SIG Finance”) -
in liquidation and represented by its appointed liquidator Headstart Management Services S.à
r.l.;

	6.	 	REYNOLDS GROUP ISSUER (LUXEMBOURG) S.A., a société anonyme incorporated under Luxembourg law
with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach, Grand-Duchy of
Luxembourg, registered with the register of commerce and companies of Luxembourg under number
B148.957 (“Lux Issuer”);

	7.	 	CLOSURE SYSTEMS INTERNATIONAL (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L -
5365 Munsbach, Grand-Duchy of Luxembourg, registered with the register of commerce and
companies of Luxembourg under number B146.929 and having a share capital of EUR 33,101,925.-
(“CSI LUX”);

	8.	 	REYNOLDS CONSUMER PRODUCTS (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L -
5365 Munsbach, Grand-Duchy of Luxembourg, registered with the register of commerce and
companies of Luxembourg under number B146.959 and having a share capital of EUR 1,089,800.-
(“RCP LUX”);

- 6 -

 

	9.	 	EVERGREEN PACKAGING (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée incorporated
under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L — 5365
Munsbach, Grand-Duchy of Luxembourg, registered with the register of commerce and companies of
Luxembourg under number B152.662 and having a share capital of EUR 12,500.- (“EVERGREEN”);

	10.	 	SIG ASSET HOLDINGS LIMITED a non-cellular company limited by shares incorporated under the
laws of the Island of Guernsey with its registered office at Heritage Hall, Le Marchant
Street, St. Peter Port, Guernsey, GY1 4EL with registration number 28883; and

	11.	 	SIG COMBIBLOC HOLDING GMBH, a company incorporated under German law with registered office at
Rurstraâe 58, 52441 Linnich, Germany and registered with the Commercial Register of the Local
Court Düren under number HRB 5751.

- 7 -

 

SCHEDULE 2

PLEDGE AGREEMENTS

	1.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
Parent as pledgor and the Collateral Agent, such pledge being granted over the shares held by
Parent in the share capital of BPH I;

	2.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH I as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH I in the share capital of BPH III;

	3.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into
between BPH I as pledgor and the Collateral Agent, such pledge being granted over the shares
held by BPH I in the share capital of the Lux Issuer;

	4.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH III as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH III in the share capital of CSI Lux;

	5.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH III as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH III in the share capital of RCP Lux;

	6.	 	a Luxembourg law share pledge agreement dated 29 January 2010 and entered into between
SIG Asset Holdings Limited as pledgor and the Collateral Agent in the presence of SIG Finance,
such pledge to be granted over the shares held by SIG Asset Holdings Limited in the share
capital of SIG Finance;

	7.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into by the Lux Issuer as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by the Lux Issuer towards BPH III under a proceeds loan agreement;

	8.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH III as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by BPH III towards BPH I;

	9.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH I as pledgor and the Collateral Agent, such pledge being granted over certain
receivables held by BPH I towards BPH III;

	10.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH II as pledgor and the Collateral Agent, such pledge being granted over the
claims the pledgor owns against BPH I under certain proceeds loans made by BPH II to BPH I;

	11.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between SIG Finance as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by SIG Finance towards BPH III;

- 8 -

 

	12.	 	a Luxembourg law profit participating bond pledge agreement dated 5 November 2009 and
entered into between BPH I as pledgor and the Collateral Agent, such pledge being granted over
the Bonds (as defined therein) issued by BPH III and held by BPH I;

	13.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between SIG Finance as pledgor and the Collateral Agent over certain bank accounts opened
with Société Générale Bank & Trust (the “Luxembourg Account Bank”);

	14.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between CSI Lux as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	15.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between BPH I as pledgor and the Collateral Agent, over certain bank accounts opened with
the Luxembourg Account Bank;

	16.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between BPH III as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	17.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between RCP Lux as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	18.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between the Lux Issuer as pledgor and the Collateral Agent, over certain bank accounts
opened with the Luxembourg Account Bank;

	19.	 	a Luxembourg law pledge over receivables agreement dated 2 December 2009 and entered
into between the Parent as pledgor and the Collateral Agent in the presence of BPH I, such
pledge being granted over certain receivables held by the Parent towards BPH I under an
intercompany loan agreement;

	20.	 	a Luxembourg law pledge over receivables agreement dated 23 February 2010 and entered
into between BPH I as pledgor and the Collateral Agent in the presence of SIG Austria Holding
GmbH and SIG Euro Holding AG & Co. KGaA, such pledge being granted over certain receivables
held by BPH I towards SIG Austria Holding GmbH and SIG Euro Holding AG & Co. KGaA under
certain intercompany loan agreements;

	21.	 	a Luxembourg law share pledge agreement dated 4 May 2010 and entered into between SIG
Combibloc Holding GmbH as pledgor and the Collateral Agent in the presence of Evergreen, such
pledge to be granted over the shares held by the pledgor in the share capital of Evergreen;

	22.	 	a Luxembourg law bank accounts pledge agreement dated 4 May 2010 and entered into
between Evergreen as pledgor and the Collateral Agent, over certain bank accounts opened with
the Luxembourg Account Bank; and

- 9 -

 

	23.	 	a Luxembourg law pledge over receivables agreement dated 4 May 2010 and entered into
between BPH III as pledgor and the Collateral Agent, such pledge to be granted over certain
receivables held by BPH III towards SIG Combibloc Holding GmbH.

- 10 -

 

SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT

The Collateral Agent

THE BANK OF NEW YORK MELLON

	 	 	 	 	 
	 	/s/ Catherine F. Donohue
 	 
	 	Name:  	Catherine F. Donohue 	 
	 	Title:  	Vice President 	 

The Pledgors

REYNOLDS GROUP HOLDINGS LIMITED (formerly known as Rank Group Holdings Limited)

	 	 	 	 	 	 	 	 	 

	/s/ Robert Bailey
 

	 	 
	 	 	 	 	 	 
	Name: Robert Bailey

	 	 	 	Witness:
	 	/s/ Karen Mower	 	 
	Title: Authorised signatory

	 	 	 	 	 	Karen Mower	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Occupation:
	 	Lawyer	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Address:
	 	Sydney, Australia	 	 

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 
	 

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.à R.L.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

SIG FINANCE (LUXEMBOURG) S.ÀR.L. — in liquidation -

represented by its liquidator Headstart Management Services S.àr.l.,

itself represented by:

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

REYNOLDS GROUP ISSUER (LUXEMBOURG) S.A.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 
	 

 

 

SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT

CLOSURE SYSTEMS INTERNATIONAL (LUXEMBOURG) S.ÀR.L.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

REYNOLDS CONSUMER PRODUCTS (LUXEMBOURG) S.ÀR.L.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

EVERGREEN PACKAGING (LUXEMBOURG) S.ÀR.L.

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

SIG ASSET HOLDINGS LIMITED

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory 	 

 

 

SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT

SIG COMBIBLOC HOLDING GMBH

	 	 	 	 	 
	 	/s/ Robert Bailey
 	 
	 	Name:  	Robert Bailey 	 
	 	Title:  	Authorised signatory

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"}]]