Document:

Form of Tax Sharing & Indemnification Agreement

 Exhibit 10.13 
  
 TAX SHARING AND INDEMNIFICATION AGREEMENT 
  
 THIS IS A TAX SHARING AND
INDEMNIFICATION AGREEMENT (the “Agreement”), dated as of the Effective Date, made by and among Crown, Cork & Seal Company Inc., a Pennsylvania corporation (“Crown”) on behalf of itself and each member of the Crown Group,
Constar International Inc., a Delaware corporation (“Constar”), on behalf of itself and each member of the Constar Group, and their respective successors. 
  
 Background 
  
 A.    Crown plans to
sell 100% of its Constar stock to the public in a public offering (the “Offering”). As a result of the Offering, Constar and members of the Constar Group will no longer be members of the Crown Group for the purpose of filing consolidated
federal income Tax Returns or for filing consolidated, combined or unitary Tax Returns (or participate in group relief or any similar arrangement) with any members of the Crown Group for foreign Tax purposes and for state Tax purposes; 

 
 B.    The Parties are entering into this Agreement: to provide for the Parties’ respective liabilities
for Taxes; to provide certain indemnities; and to provide for various administrative matters relating to Taxes including: (1) the preparation and filing of Tax Returns along with the payment of Taxes due and payable, (2) the retention and
maintenance of relevant records necessary to prepare and file appropriate Tax Returns, as well as the provision for appropriate access to those records by the Parties to this Agreement, (3) the conduct of audits, examinations, and proceedings by
appropriate governmental entities that could result in a redetermination of Taxes, and (4) the cooperation of all Parties with one another in order to fulfill their duties and responsibilities under this Agreement and under the Code and other
applicable law; and 
  
 C.    It is the intent of the Parties that Crown shall economically bear
the burden of all Taxes that are due under any consolidated, combined or unitary Tax Return (or group relief or similar arrangement) that includes any member or members of the Constar Group and at least one member of the Crown Group that is not a
member of the Constar Group for periods up to and ending with the completion of the Offering (a “Crown Consolidated Return”) and that Constar or the appropriate member of the Constar Group shall economically bear the burden of all Taxes
otherwise imposed upon or attributable to the members of the Constar Group. 
  
 Terms 
  
 THEREFORE, in consideration of the mutual promises, covenants, and conditions contained in this Agreement, and intending to be legally
bound hereby, the Parties hereto agree as follows: 

 ARTICLE I 
 DEFINITIONS

  
 Section 1.1.  Definitions.    As used in this Agreement (including the
introduction and Background section hereof), the following definitions apply (such meanings to be equally applicable to both the singular and plural focus of the terms involved): 
  
 ADJUSTMENT means any proposed or final change in the Tax Liability of a Taxpayer. 
  
 AFFILIATE of any Person means any Person, directly or indirectly, controlling, controlled by or under common control with such Person. 

 
 CODE means the Internal Revenue Code of 1986, as amended, and the Treasury regulations promulgated thereunder,
including any comparable successor legislation. 
  
 CONFIDENTIAL INFORMATION is defined at Section
7.8 hereof. 
  
 CONSTAR GROUP means: (i) as of any relevant date after the Effective Date, Constar
and its Subsidiaries determined as of such date; and (ii) as of any relevant date on or before the Effective Date, Constar and those Persons that are Subsidiaries of Constar immediately after the Effective Date, whether or not such Persons were
Subsidiaries of Constar before the Offering. 
  
 CONSTAR RETURNS is defined at Section 2.2 hereof.

  
 CROWN CONSOLIDATED RETURN has the meaning set forth in paragraph C of the Background section
hereof. 
  
 CROWN GROUP means, as of any relevant date, Crown and its Subsidiaries, determined as of
such date. 
  
 DISPUTES is defined at Section 6.1(a) hereof. 
  
 EFFECTIVE DATE means the date on which the Offering closes. 
  
 FINAL DETERMINATION means the final resolution of any Tax matter. A Final Determination shall result from the first to occur of: 
  

	 	1.
	the expiration of 30 days after the IRS’ acceptance of a Waiver of Restrictions on Assessment and Collection of Deficiency in Tax and Acceptance of
Overassessment on Form 870 or 870-AD (or any successor comparable form) (the “Waiver”), except as to reserved matters specified therein, or the expiration of 30 days after acceptance by any other taxing
 
 

 
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authority of a comparable agreement or form under the laws of any other jurisdiction, including state, local, and foreign jurisdictions; unless, within such period, the Taxpayer gives notice to
the other Party to this Agreement of the Taxpayer’s intention to attempt to recover all or part of any amount paid pursuant to the Waiver by the filing of a timely claim for refund; 
 

  

	 	2.
	a decision, judgment, decree, or other order by a court of competent jurisdiction that is not subject to further judicial review (by appeal or otherwise) and
has become final; 
 

  

	 	3.
	the execution of a closing agreement under Code section 7121, the acceptance by the IRS of an offer in compromise under Code section 7122, or resolution of any
Tax matter under Code section 7123 or any similar resolution program, or comparable agreements or resolution program under the laws of any other jurisdiction, including state, local, and foreign jurisdictions; except as to reserved matters specified
therein; 
 

  

	 	4.
	the expiration of the time for filing a claim for refund or for instituting suit in respect of a claim for refund that was disallowed in whole or part by the
IRS or any other taxing authority; 
 

  

	 	5.
	the expiration of the applicable statute of limitations; or 
 

  

	 	6.
	an agreement by the Parties hereto that a Final Determination has been made. 
 

  
 FINAL STATEMENT is defined at Section 3.2(b) hereof. 
  
 INTERIM STATEMENT is defined at Section 3.2(b) hereof. 
  
 IRS means the U.S. Internal Revenue Service. 
  
 IRS INTEREST RATE means the rate of
interest imposed from time to time on underpayments of income tax pursuant to Code section 6621(a)(2). 
  
 NON-PRIMARY PARTY is defined at Section 4.3(a) hereof. 
  
 OFFERING has the meaning
set forth in paragraph A of the Background section hereof. 
  
 PARTY means, on the one hand, Crown
and any member of the Crown Group and, on the other hand, Constar and any member of the Constar Group, as the case may be. 
  
 PERSON means any corporation, business trust, joint venture, association, company, partnership or limited liability company. 

 
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 PRIMARY PARTY is defined at Section 4.3(a) hereof. 

 
 STRADDLE PERIOD is defined at Section 3.2(a) hereof. 
  
 STRADDLE PERIOD RETURN is defined at Section 3.2(a) hereof. 
  
 SUBSIDIARY means with respect to Crown or Constar, any Person of which Crown or Constar, respectively, controls or owns, directly or indirectly, more than
50% of the stock or other equity interest entitled to vote on the election of members of the board of directors or similar governing body except that neither Constar nor any Subsidiary of Constar shall be considered a Subsidiary of Crown after the
Effective Date. 
  
 TAXES means all federal, state, local and foreign gross or net income, gross
receipts, withholding, payroll, franchise, transfer, sales, use, value added, estimated or other taxes of any kind whatsoever or similar charges and assessments, including all interest, penalties and additions imposed with respect to such amounts
which any member of the Crown Group or the Constar Group is required to pay, collect or withhold, together with any interest and any penalties, additions or additional amounts imposed with respect thereto. 
  
 TAXPAYER means the Crown Group, the Constar Group or any member thereof as the context may require. 

 
 TAX BENEFIT means a reduction in the Tax Liability of a Taxpayer for any taxable period. Except as otherwise
provided in this Agreement, a Tax Benefit shall be deemed to have been realized or received from a Tax Item in a taxable period only if and to the extent that the Tax Liability of the Taxpayer for such period, after taking into account the effect of
the Tax Item on the Tax Liability of such Taxpayer in all prior periods, is less than it would have been if such Tax Liability were determined without regard to such Tax Item. 
  
 TAX ITEM means any item of income, gain, loss, deduction, credit, recapture of credit, or any other item which may have the effect of increasing or
decreasing Taxes paid or payable. 
  
 TAX LIABILITY means the net amount of Taxes due and paid or
payable for any taxable period (including, as the context may require, the amount of such Taxes that would be due if computed on a separate company basis), determined after applying all Tax credits and all applicable carrybacks or carryovers for net
operating losses, net capital losses, unused general business Tax credits, or any other Tax Items arising from a prior or subsequent taxable period, and all other relevant adjustments. 
  
 TAX RETURNS means all reports, estimates, declarations of estimated tax, information statements and returns relating to, or required to be filed in
connection with any Taxes, including information returns or reports with respect to backup withholding and other payments to third parties. 

 
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 ARTICLE II 
 PREPARATION AND
FILING OF TAX RETURNS 
  
 Section 2.1.  Returns Prepared by Crown.    Crown
shall prepare and file, or cause to be prepared and filed, all Crown Consolidated Returns (including all Straddle Period Returns). 
  
 Section 2.2.  Returns Prepared by Constar.    Constar shall prepare and file, or cause to be prepared and filed, all Tax Returns of, or with respect to, one or more members of the Constar
Group other than the Crown Consolidated Returns (the “Constar Returns”). 
  
 Section
2.3.  Taxable Period Ends on Effective Date.    Unless prohibited under applicable law, a taxable period of each member of the Constar Group that is included in a Crown Consolidated Return that includes the
Effective Date shall end at the close of the Effective Date. 
  
 ARTICLE III 
 PAYMENT OF TAXES UPON FILING AND UPON SUBSEQUENT ADJUSTMENT 
  
 Section 3.1.  Taxes Generally.    Except as provided in Section 3.2 of this Agreement, Crown shall pay or cause to be paid and shall indemnify and hold Constar and the members of the Constar Group
harmless against all Tax Liabilities that arise under each Crown Consolidated Return. Constar shall pay or cause to be paid and shall indemnify and hold Crown and the members of the Crown Group harmless against all Tax Liabilities that arise under
each Constar Return. 
  
 Section 3.2.  Straddle Periods. 
  
 (a) If, for purposes of a Crown Consolidated Return, a taxable period of any member of the Constar Group includes the Effective Date but
does not end on the Effective Date (as otherwise generally provided under Section 2.3 of this Agreement) (a “Straddle Period”), Crown shall pay or cause to be paid and shall indemnify and hold Constar and the members of the Constar Group
harmless against the Tax Liabilities attributable to the affected member or members of the Constar Group for the portion of such tax period ending on the Effective Date and Constar shall pay or cause to be paid and shall indemnify and hold Crown and
the members of the Crown Group harmless against the Tax Liabilities attributable to the affected member or members of the Constar Group for the remainder of such tax period beginning with the day after the Effective Date. Tax Returns for such
Straddle Periods shall be referred to as “Straddle Period Returns.” The determination of Tax Liabilities up to and following the Effective Date shall be based upon an interim closing of the books of the affected member or members of the
Constar Group as of the opening of the day following the Effective Date and shall otherwise follow the principles of paragraph (b) of this section. Crown shall determine the amounts owed by Constar under this Section 3.2 and provide to Constar a
statement showing the amount owed by Constar (an “Interim Statement”) within 20 days of the due date of any Straddle Period Return (determined without regard to applicable extensions). Constar shall pay to Crown its
 

 
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portion of Taxes determined under this Section 3.2 for Straddle Period Returns to Crown no less than 10 days prior to the due date of any Straddle Period Return (determined without regard to
applicable extensions). Interest shall accrue at a rate of 8% on any payment required by this Section 3.2 not made within the time specified in the immediately preceding sentence. Crown shall refund to Constar the excess of any payment made by
Constar over the amount calculated following the principles of this Section 3.2 applied to the tax shown due and payable on any Straddle Period Return as filed. Crown shall prepare a second statement showing any additional amount owed by Constar or
any amount payable by Crown to Constar (a “Final Statement”) 30 days after the filing of any Straddle Period Return. Constar shall pay to Crown any amount owed under this Section 3.2 no less than 5 days after receiving an Interim Statement
or Final Statement. Crown shall pay any amount owed to Constar under this Section 3.2 no less than 5 days after Crown delivers the Final Statement. Interest shall accrue at a rate of 8% on any payment required by this Section 3.2 not made within the
time specified in the two preceding sentences. 
  
 (b)   For purposes of this Section 3.2, the portion of
Tax Liabilities attributable to a member shall be determined by allocating the Tax due and payable with respect to a Straddle Period Return among the members in the same proportion that each such member’s taxable income, determined on a
separate company basis, bears to the sum of the separate taxable incomes of all members having separate taxable income (and disregarding losses of any member). The excess of the Tax Liability of a member determined on a separate company basis over
the allocable portion of the Tax Liability of such member as determined under the immediately preceding sentence shall be paid by such member to the other member or members having losses in direct proportion to the reduction in Tax Liability
resulting from the inclusion of such loss member or members. In no event shall this Section 3.2 require a member of either the Constar Group or Crown Group to make a payment to another member in the same group. 
  
 Section 3.3.  Adjustments.    If any Tax Return is examined by a taxing authority and an Adjustment
results from such examination, the Party bearing responsibility for such Taxes determined under this Article III shall pay its share of any additional Tax Liability resulting from the Adjustment, determined in accordance with the principles set
forth in Section 3.2(b), within 30 days following a Final Determination of such Adjustment and any refund, credit or similar reduction in Tax Liability arising from such Adjustment shall be apportioned among the Parties in accordance with the
principles set forth in Section 3.2, provided, however, that if the Adjustment results in an increase in the Tax Liability of one Party and a Tax Benefit to the other Party, the Party receiving such Tax Benefit, to the extent it is equal to
or less than the other Party’s additional Tax Liability, shall pay the amount of such Tax Benefit to such other Party within 30 days after such Tax Benefit is realized. Promptly after receiving notice from the Party having the Adjustment that
results in additional Tax Liability, the other Party shall make a claim for any Tax Benefit resulting from such Adjustment, on an amended Tax Return or in a formal or informal claim filed with the IRS or other taxing authority, unless the amount of
such Tax Benefit is immaterial or unless otherwise agreed by the Parties. 

 
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 Section 3.4.  Refunds.    If one Party
receives a refund in respect of amounts paid by the other Party to any taxing authority on its behalf, or should any such amounts that would otherwise be refundable to one Party be applied by the taxing authority to obligations of the other Party as
determined under this Agreement, then the Party in receipt of such refund or notification of credit, shall promptly following receipt (or notification of credit), remit such refund (or the amount of such credit) and any related interest to the other
Party. 
  
  
 ARTICLE IV 
 COOPERATION AND EXCHANGE OF INFORMATION; AUDITS AND ADJUSTMENTS 
  
 Section 4.1.  Waiver of Carrybacks.    If any member of the Constar Group generates a net operating loss in a taxable period beginning after the Effective Date, Constar hereby agrees to waive (or
cause such other member of the Constar Group to waive) the right to carry back such net operating loss pursuant to Code Section 172(b)(3), so that no such net operating losses will be carried back to any Crown Consolidated Return. Similar procedures
shall be followed in any state or locality where Constar might otherwise have the right to carry back a net operating loss to a Crown Group combined, consolidated or unitary Tax Return. In no circumstances shall Constar have the right to carry back
a net operating loss to a Crown Consolidated Return, and any refund or credit that may be paid to or received by the Crown Group on account of any such carryback shall remain the sole property of the Crown Group. 
  
 Section 4.2.  Tax Return Information. 
  
 (a)  Constar shall, and shall cause each appropriate member of the Constar Group to, provide Crown with all information and other assistance
reasonably requested by Crown to enable Crown to prepare and file Crown Consolidated Returns and Straddle Period Returns. 
  
 (b)  Crown shall, and shall cause each appropriate member of the Crown Group to, provide Constar with all information and other assistance reasonably requested by Constar to enable Constar to prepare and file
Constar Returns. 
  
 (c)  After filing of the final Crown Consolidated Returns, Crown will
inform Constar of the amount of consolidated carryovers which are attributed to Constar and each member of the Constar Group as provided by Treasury Regulation Section 1.1502-21 or any other similar law or regulation. 
  
 Section 4.3.  Audits and Adjustments. 
  
 (a)  If Crown or Constar receives in writing from the IRS or any other taxing authority notice of an Adjustment that may give rise to a payment
from the other Party under this Agreement or otherwise affect the other Party’s Taxes, Crown or Constar, as the case may be, shall give written notice of the Adjustment to the other Party within 30 days of becoming aware of the Adjustment but
in no case later than 10 days before Crown or Constar, as the case may be, is required to respond to the IRS or other taxing authority, provided that failure to give such
 

 
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timely notice shall not relieve the Party entitled to such notification of its obligations hereunder except to the extent actually prejudiced thereby. The Party primarily liable for any Tax
Liability with respect to the Adjustment under Article III (the “Primary Party”) at its own expense shall have control over all matters relating to the Adjustment that may give rise to a payment obligation by the Primary Party,
provided, however, that the other Party (the “Non-Primary Party”) may settle, partially settle, or otherwise resolve any controversy involving the Non-Primary Party’s Taxes to which the particular Adjustment relates, so long as
the Non-Primary Party does not settle, partially settle, or otherwise resolve the controversy in a manner inconsistent with the Primary Party’s position, without the prior written consent of the Primary Party, which consent shall not be
unreasonably withheld. 
  
 (b)  Constar agrees reasonably to cooperate with Crown in the
negotiation, settlement, or litigation of any liability for Taxes of any member of the Crown Group. 
  
 (c)  Crown agrees reasonably to cooperate with Constar in the negotiation, settlement, or litigation of any liability for Taxes of any member of the Constar Group. 
  
 (d)  Crown will promptly notify Constar in writing of any Adjustment involving a change in the tax basis of any asset of Constar or any change in
any Tax attribute of Constar, specifying the nature of the change so that the Constar Group will be able to reflect the revised basis or attribute in its tax books and records for periods beginning on or after the Effective Date. 

 
 ARTICLE V 
 RETENTION OF RECORDS;
STATUTE OF LIMITATIONS 
  
 Section 5.1.  Retention of Records.    Crown and
Constar agree to retain the appropriate records which may affect the determination of the liability for Taxes of any member of the Crown Group or the Constar Group, respectively, until such time as there has been a Final Determination with respect
to such liability for Taxes. A Party may satisfy its obligations under the preceding sentence by allowing the other Party to duplicate records at such other Party’s request and expense. 
  
 Section 5.2.  Statute of Limitations.    Crown and Constar will notify each other in writing of any waivers or extensions of the
applicable statute of limitations that may affect the period for which any materials, records, or documents must be retained. 
  
 ARTICLE VI 
 RESOLUTION OF DISPUTES 
  
 Section 6.1.  Dispute Resolution: Negotiation and Arbitration. 
  
 (a)  The parties shall attempt to resolve any dispute arising out of or relating to this Agreement promptly by negotiation in good faith between executives who have authority to settle the
dispute. A party shall give the other party written notice of any dispute not resolved in
 

 
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the ordinary course of business. Within 10 Business Days after delivery of such notice, the party receiving notice shall submit to the other a written response thereto. The notice and the
response shall include: (i) a statement of each party’s position(s) regarding the matter(s) in dispute and a summary of arguments in support thereof, and (ii) the name and title of the executive who will represent that party and any other
Person who will accompany that executive. 
  
 (b)  Within 10 Business Days after delivery
of the notice, the designated executives shall meet at a mutually acceptable time and place, and thereafter, as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one party to
any other shall be honored in a timely fashion. All negotiations conducted pursuant to this Section 6.1 (and any of the parties’ submissions in contemplation hereof) shall be deemed Confidential Information and shall be treated by the parties
and their representatives as compromise and settlement negotiations under the United States Federal Rules of Evidence and any similar state rules. 
  
 (c)  If the matter in dispute has not been resolved within 30 days after the first meeting of the executives to attempt to resolve the dispute,
either party may submit the dispute to binding arbitration to the Philadelphia, Pennsylvania office of the American Arbitration Association (“AAA”) in accordance with the procedures set forth in the Commercial Arbitration Rules of the AAA.

  
 (d)  The Commercial Arbitration Rules of the AAA, as modified or revised by the
provisions of this Section 6.1, shall govern any arbitration proceeding hereunder. The arbitration shall be conducted by three arbitrators selected pursuant to Rule 13 of the Commercial Arbitration Rules, and pre-hearing discovery shall be permitted
if and only to the extent determined by the arbitrator to be necessary in order to effectuate resolution of the matter in dispute. The arbitrator’s decision shall be rendered within 30 days of the conclusion of any hearing hereunder and the
arbitrator’s judgment and award may be entered and enforced in any court of competent jurisdiction. 
  
 (e)  Resolution of disputes under the procedures of this Section 6.1 shall be the sole and exclusive means of resolving disputes arising out of or relating to this Agreement; provided, however, that nothing herein
shall preclude the Parties from seeking in any court of competent jurisdiction temporary or interim injunctive relief to the extent necessary to preserve the subject matter of the dispute pending resolution under this Section 6.1. 

 
 ARTICLE VII 
 GENERAL 

 
 Section 7.1.  Term of the Agreement.    This Agreement shall become effective as of the
Effective Date and, except as otherwise expressly provided herein, shall continue in full force and effect indefinitely. 

 
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 Section 7.2.  Elections Under Code Section
1552.    Nothing in this Agreement is intended to change or otherwise affect any election made by or on behalf of the Crown Group with respect to the calculation of earnings and profits under Code Section 1552. 

 
 Section 7.3.  Injunctions.    The Parties acknowledge that irreparable damage would occur
in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached. The Parties hereto shall be entitled to an injunction or injunctions to prevent breaches of the provisions
of this Agreement and to enforce specifically the terms and provisions hereof in any court having jurisdiction, such remedy being in addition to any other remedy to which they may be entitled at law or in equity. 
  
 Section 7.4.  Assignment.    Neither of the Parties may assign or delegate any of its rights or
duties under this Agreement without the prior written consent of the other Party, which consent will not be unreasonably withheld, except that Constar may, and hereby gives notice to Crown that it intends to, pledge its rights and obligations under
this Agreement to its lenders as collateral to secure indebtedness outstanding under its senior secured credit facility and all renewals, refundings and replacements thereof. This Agreement shall be binding upon, and shall inure to the benefit of,
the Parties hereto and their respective successors and permitted assigns. 
  
 Section 7.5.  Further
Assurances.     The Parties shall execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such instruments and take such other action as may be necessary or advisable to carry out their
obligations under this Agreement and under any exhibit, document or other instrument delivered pursuant hereto. Constar shall cause any Subsidiaries of Constar formed after the date hereof to comply with all terms of this Agreement and shall use its
best efforts to cause Constar Ambalaj Sanayi ve Ticaret A.S. to comply with all terms of this Agreement. 
  
 Section 7.6.  Waivers.    No failure or delay on the part of the Parties in exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of
any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, preclude any other or further exercise thereof or the exercise of any other right or power. No modification or waiver of any provision of this
Agreement nor consent to any departure by the Parties therefrom shall in any event be effective unless the same shall be in writing, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which
given. 
  
 Section 7.7.  Change of Law.    If, due to any change in applicable
law or regulations or their interpretation by any court of law or other governing body having jurisdiction subsequent to the date of this Agreement, performance of any provision of this Agreement or any transaction contemplated thereby shall become
impracticable or impossible, the Parties hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such provision. 
  
 Section 7.8.  Confidentiality; Disclosures. 

 
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 (a)  Confidentiality.    The Parties agree
(a) to maintain all information, whether in written, oral, electronic or other form, necessary for or utilized or received pursuant to any terms of this Agreement, as the case may be, including, without limitation, prices, payment terms, technical
knowledge, features, know-how and other information necessary to carry out the terms of this Agreement, as the case may be (the “Confidential Information”), as secret and confidential and (b) not to disclose the Confidential
Information to any third person or party (except for employees, counsel, contractors, customers, consultants or vendors who have a need to know and are informed of the confidential nature of such information by the disclosing Party). Each Party
shall accept responsibility and be liable for any disclosure by any third person of any Confidential Information disclosed to such third person by such Party. The Parties will use the same measures to maintain the confidentiality of the Confidential
Information of any other Party in its possession or control that it uses to maintain the confidentiality of its own Confidential Information of similar type and importance. Notwithstanding the foregoing, either Party or their Affiliates may
describe this Agreement in, and include this Agreement with, filings with the U.S. Securities and Exchange Commission and any related prospectuses, including such filings or prospectuses in connection with any offering of securities. Confidential
Information will not include information that (i) is in or enters the public domain without breach of this Agreement, or (ii) the receiving party lawfully receives from a third party without restriction on disclosure and, to the receiving
party’s knowledge, without breach of a nondisclosure obligation. 
  
 (b)  Disclosure to
Governmental Agency.    Notwithstanding the foregoing, each Party shall be permitted to disclose the Confidential Information and/or any portion thereof (i) to a governmental agency or authority as required in response to a
subpoena therefor, (ii) in connection with formal requests for discovery under applicable rules of civil procedure in a legal action before a court of competent jurisdiction to which such Party is a party and (iii) as otherwise required by law;
provided, however, that, in any such case, each Party shall notify the other Party as early as reasonably practicable prior to disclosure to allow such Party to take appropriate measures to preserve the confidentiality of such information at
the expense of such Party. 
  
 (c)  Ownership of Information.    All
Confidential Information supplied or developed by either Party will be and remain the sole and exclusive property of the Party who supplied or developed it. 
  
 (d)  Return of Confidential Information.    Upon the written request of a Party which has disclosed information covered by this Section 7.8 in written, printed or
other tangible form, all such readily available information and all copies thereof, including samples or materials, and all notes or other materials derived from such information shall be returned to the Party which disclosed such information.

  
 Section 7.9.  Section Headings; Interpretive Issues.    The section and
paragraph headings contained in this Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement. Both Parties have participated jointly in the drafting and negotiation of this Agreement.
In the event any ambiguity or question
 

 
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of interpretation or intent arises, this Agreement shall be construed as if drafted jointly by both Parties and no presumption or burden of proof shall arise favoring or disfavoring any party by
virtue of the authorship of any provisions of this Agreement. 
  
 Section
7.10.  Counterparts.    This Agreement and any amendments hereto may be executed in any number of counterparts, each of which shall be deemed an original instrument, but all of which together shall constitute but
one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile shall be as effective as delivery of a manually executed counterpart of this Agreement. 
  
 Section 7.11.  Notices.    All notices and other communications required or permitted hereunder shall
be in writing, shall be deemed duly given upon actual receipt, and shall be delivered (a) in person, (b) by registered or certified mail, postage prepaid, return receipt requested or (c) by facsimile or other generally accepted means of electronic
transmission (provided that a copy of any notice delivered pursuant to this clause (c) shall also be sent pursuant to clause (b)), addressed as follows: 
  
 
	 Crown at:
 	    	 Crown Cork & Seal Company, Inc.
 One Crown Way
 Philadelphia, PA 19154
 Attention: Reda Amiry
 Facsimile:
(215) 698-6050
 
	 
	 Constar at:
 	    	 Constar International Inc.
 One Crown Way
 Philadelphia, PA 19154
 Attention: James Cook
 Facsimile:
(215) 552-3700
 

 
  
 or to such other addresses or telecopy numbers as may be specified by like notice to the
other Parties. 
  
 Section 7.12.  Costs and Expenses.    Unless otherwise
specifically provided herein, each Party agrees to pay its own costs and expenses resulting from the fulfillment of its respective obligations hereunder. 
  
 Section 7.13.  Cancellation of Prior Tax Allocation or Tax-Sharing Agreements.    Except as otherwise expressly provided herein, on or prior to the Effective Date,
Crown shall cancel or cause to be canceled all agreements (other than this Agreement) providing for the allocation or sharing of Taxes to which any member of the Constar Group would otherwise be bound following the Offering. 
  
 Section 7.14.  Interest on Late Payments.    If a Party delays making any payment beyond the due date
hereunder, such Party shall pay interest on the amount unpaid at
 

 
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the IRS Interest Rate for each day and the actual number of days for which any amount due hereunder is unpaid. 
  
 Section 7.15.  Consent to Jurisdiction.    Both Parties hereby agree and consent to be subject to the exclusive jurisdiction of the
United States District Court for the Eastern District of Pennsylvania, and in the absence of such Federal jurisdiction, the Parties consent to be subject to the exclusive jurisdiction of any state court located in the City of Philadelphia and hereby
waive the right to assert the lack of personal or subject matter jurisdiction or improper venue in connection with any such suit, action or other proceeding. In furtherance of the foregoing, each of the Parties (i) waives the defense of inconvenient
forum, (ii) agrees not to commence any suit, action or other proceeding arising out of this Agreement or any transactions contemplated hereby other than in any such court (other than the mandatory submission to arbitration in accordance with Section
6.1) and (iii) agrees that a final judgment in any such suit, action or other proceeding shall be conclusive and may be enforced in other jurisdictions by suit or judgment or in any other manner provided by law. 
  
 Section 7.16.  General.    This Agreement constitutes the entire understanding of the Parties hereto
with respect to the subject matter hereof and supersedes any prior agreement or understanding, written or oral, relating to the subject matter of this Agreement. This Agreement may not be amended or modified except (a) by written instrument duly
executed by the Parties hereto or (b) by a waiver in accordance with Section 7.6. This Agreement shall be binding upon, and shall inure to the benefit of, the Parties hereto and their respective present and future Subsidiaries. Nothing in this
Agreement, express or implied, is intended to or shall (a) confer on any person other than the Parties hereto any rights (including third party beneficiary rights), remedies, obligations or liabilities under or by reason of this Agreement, or (b)
constitute the Parties hereto as partners or as participants in a joint venture. This Agreement shall not provide third parties with any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without
reference to the terms of this Agreement. 
  
 Section 7.17.  Governing Law and
Severability.    This Agreement shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania. If any term or other provision of this Agreement or the application thereof to any person
or circumstance shall, to any extent, be held invalid or unenforceable by a court of competent jurisdiction, the remainder of this Agreement or the application of any such term or provision to persons or circumstances other than those as to which it
is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by law. If any of the provisions contained in this Agreement shall for any
reason be held to be excessively broad as to duration, scope, activity or subject, it shall be construed by limiting and reducing it, so as to be valid and enforceable to the extent compatible with the applicable law or the determination by a court
of competent jurisdiction. 

 
 13 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed by their respective officers, each of
whom is duly authorized, all as of the Effective Date. 
  
  
 
	 CROWN CORK & SEAL COMPANY,
INC.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CROWN CORK & SEAL COMPANY,
INC.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR INTERNATIONAL INC.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR FOREIGN HOLDINGS, INC.

	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 

 
 14 

  
  
 
	 CONSTAR , INC.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR INTERNATIONAL HOLLAND (PLASTICS)
B.V.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR INTERNATIONAL UK LTD.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR PLASTICS OF CANADA
LIMITED
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
  
 
	 CONSTAR PLASTICS, LLC
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 

 
 15Pepsi Contract

  
 EXHIBIT 10.15 
  
  
  
  
  
  
  
  
 Constar 
  
 - and - 
  
 New Century Beverage Company 
  

SUPPLY AGREEMENT 
  
 January 1, 2003 -
December 31, 2007 
  

  
 TABLE OF CONTENTS 
  
 
	 Paragraph/
 Section
 
	  	  	  	 Page
 

	 1
 	  	 Definitions
 	  	 3
 
	 2
 	  	 Term
 	  	 4
 
	 3
 	  	 Covenant to Supply and Purchase Containers
 	  	 4
 
	 4
 	  	 Quantity
 	  	 5
 
	 5
 	  	 Forecast and Inventory Requirements
 	  	 5
 
	 6
 	  	 Failure to Buy
 	  	 6
 
	 7
 	  	 Failure to Supply
 	  	 7
 
	 8
 	  	 Contract Prices
 	  	 8
 
	 9
 	  	 Offer to Supply Resin
 	  	 10
 
	 10
 	  	 Delivery and Title
 	  	 11
 
	 11
 	  	 Payment Terms
 	  	 11
 
	 12
 	  	 Right of Rejection
 	  	 11
 
	 13
 	  	 Quality and Technical Support
 	  	 11
 
	 14
 	  	 Freight and Warehousing
 	  	 12
 
	 15
 	  	 Warranty
 	  	 13
 
	 16
 	  	 Force Majeure
 	  	 15
 
	 17
 	  	 Patents, Trademarks, Copyrights and Unfair Competition
 	  	 15
 
	 18
 	  	 Cancellation Upon Default
 	  	 16
 
	 19
 	  	 Confidentiality
 	  	 16
 
	 20
 	  	 Interpretation
 	  	 16
 
	 21
 	  	 Governing Law
 	  	 16
 
	 22
 	  	 Prior Agreements and Merger
 	  	 16
 
	 23
 	  	 Amendments
 	  	 17
 
	 24
 	  	 Exhibits
 	  	 16
 
	 25
 	  	 General
 	  	 17
 
	 26
 	  	 Notices
 	  	 17
 
	 27
 	  	 Assignment
 	  	 18
 
	 28
 	  	 Exclusivity
 	  	 18
 
	 
	 Schedule A
 	  	 Container Specifications
 	  	  
	 Schedule B1
 	  	 Base Volume Forecast
 	  	  
	 Schedule B2
 	  	 Seller Source Locations and Buyer Filling Locations
 	  	  
	 Schedule C
 	  	 Contract Prices for Containers, Labels and Label Application
 	  	  
	 Schedule D
 	  	 Examples of Determining Price Change due to Change in Resin Pricing
 	  	  
	 Schedule E
 	  	 Secondary Packaging Information
 	  	  
	 Schedule F
 	  	 [***] Calculations
 	  	  
	 Schedule G
 	  	 Seller’s [***]
 	  	  

 
 
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 SUPPLY AGREEMENT 
  
 This Agreement is made as of the 17th day of October, 2002 between Constar, a Pennsylvania corporation and a division of Crown Cork & Seal, having an office at One Crown Way, Philadelphia, PA 19154
(“Seller”), and New Century Beverage Company (NCB), a California corporation, and a subsidiary of PepsiCo Inc., having an office at One Pepsi Way, Somers, NY 10589 (“Buyer”). 
  

WHEREAS, Buyer is a manufacturer and seller of various beverages and wishes to purchase non-refillable polyethylene terephthalate (“PET”) containers in which
to package such beverages for sale to the public. 
  
 WHEREAS, Seller is a manufacturer and seller of non-refillable
PET containers and wishes to sell same to Buyer. 
  
 NOW, THEREFORE, in consideration of the foregoing premises and
the covenants contained herein, the parties hereto agree as follows: 
  
 1.    DEFINITIONS 

 
 1.1 The following are the Schedules that are attached to and form part of this Agreement: 
  
 
	 Schedule A
 	  	 Container Specifications
 
	 Schedule B1
 	  	 Base Volume Forecast
 
	 Schedule B2
 	  	 Seller Source Locations and Buyer Filling Locations
 
	 Schedule C
 	  	 Contract Prices for Containers, Labels and Label Application
 
	 Schedule D
 	  	 Examples of Determining Price Change Due to Change in Resin Pricing
 
	 Schedule E
 	  	 Secondary Packaging Information
 
	 Schedule F
 	  	 [***] Calculations
 
	 Schedule G
 	  	 Seller’s [***]
 

 
  
 1.2 As used in this Agreement, the following terms shall have the
following meanings: 
  
 (a) “Container” shall mean any of 12 oz., 16 oz., 16.9 oz., 20 oz.,
24 oz., 1 liter, 2 liter, or 3 liter and other size PET beverage containers. All Containers shall meet the specifications referenced in Schedule A annexed hereto, as may be amended from time to time. 
 
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 (b) “Conversion Costs” shall mean those costs other
than resin as outlined in Schedule C and as adjusted pursuant to Schedule 8.2 hereof. 
  
 (c)
“Contract Year” shall mean each 12-month period commencing January 1 and ending on the following December 31 during the term of the Agreement. 
  
 (d) “Period” shall mean any one of 13 four-week periods during a calendar year as defined by Buyer. 
  
 2.    TERM 
  
 2.1 This Agreement shall be effective as of January 1, 2003 and shall remain in effect until the close of business on December 31, 2007 (the “Term”), unless terminated earlier in accordance with the provisions of Section 18
hereof. 
  
 3.    COVENANT TO SUPPLY AND PURCHASE CONTAINERS 
  
 3.1 Seller agrees to manufacture and sell to Buyer, and Buyer agrees to purchase from Seller, Containers which conform to the Container
specifications and performance standards attached hereto as Schedule A (the “Container Specifications”) at the Contract Price (as hereinafter defined) and upon the terms and conditions contained in this Agreement. 
  
 3.2 
  
 (a) For any new product, package changes, or package introductions considered or planned by Buyer, the parties shall discuss timing, estimated volume and cost to determine the feasibility of Seller supplying beverage
Containers for such new products or packages or whether such Containers should be imported until such time as it may be economically viable for Seller to supply same. Seller shall, within the period of 30 days next following the close of such
discussions, communicate to Buyer its desire and ability to supply such Containers upon mutually acceptable terms and conditions. 
  
 (b) Should Buyer and Seller not agree on terms to supply Containers for new product, package changes, or package introductions, Buyer shall have the right to source such Containers from alternate
sources. Any Containers sourced from an alternative source as permitted herein will be credited against the Annual Forecast (as hereinafter defined) or Revised Forecast (as hereinafter defined) requirements contained therein. 

 
 (c) Seller will be responsible for procurement of all blow and injection molds (both generic and proprietary),
applicable mold parts (i.e., carrier, base, etc.) and mold machine parts to accommodate Buyer’s existing volume of current Containers, new non-carbonated Containers, and future growth of same. All blow and injection molds, parts, and related
machine parts shall be depreciated over five (5) years or less. Seller shall promptly advise Buyer by written notice when buying new molds or making significant refurbishment of existing molds. [***] the un-amortized portion of obsolete molds
required for a change from an existing container design to a new design when current molds for that design have not been fully amortized and when the new design is to 
 
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be utilized for an existing brand with no projected incremental volume above the volumes stated in Schedule B1. 
  
 (d) Buyer also agrees to consider Seller as its major supplier of Caribbean preforms, provided that Seller is competitive on quality and cost and has a
commercially viable product. 
  
 4.     QUANTITY 
  
 4.1 For 2003 only, Buyer shall purchase from Seller, and Seller shall sell to Buyer, 100% of the Containers required by Buyer for the sale of carbonated soft drink,
non-carbonated beverages, or bottled water products in the locations outlined in Schedule B2. In subsequent years, Buyer shall supply an Annual Forecast to Seller as outlined in Section 5.2. Buyer agrees that its Annual Forecasts will contain volume
requirements [***]. 
  
 4.2 Beyond the 2003 calendar year, Buyer shall have the right to change Buyer filling
locations within each cell from time to time during the Term, provided the Buyer’s forecasted volumes by cell will be at least equal to the [***], and the minimum volume of Containers actually purchased will be at least [***], as long as
Seller’s quality and service conforms to provisions referenced in Section 13 and Buyer’s overall system growth supports such. Buyer shall also have the right to add additional filling locations to this Agreement. 
  
 4.3 Buyer agrees that an additional [***] Containers will be awarded to Constar Newark in [***] however this volume is not included in the
Newark base volume forecast (Schedule B1) and shall not be included for future year commitments. Buyer filling locations and packages for this incremental [***] Containers shall be finalized in the T1 2003 Annual Forecast. 
  
 5. FORECAST AND INVENTORY REQUIREMENTS 
  
 5.1 Preceding each Contract Year, Buyer shall use its best efforts to estimate the anticipated requirements for each size Container during the next Contract Year and report those estimates as they become available,
particularly in September, October and November to facilitate additional capital equipment decisions by Seller. 
  
 5.2 On an annual basis, no later than December 15 of each year of the Term, Buyer shall advise Seller of its best estimate of the quantity of Containers required, by period and by location, during the next calendar year (or remainder
thereof) of the Term (the “Annual Forecast”). 
  
 5.3 In addition to the Annual Forecast, Buyer shall
provide Seller with two forecast adjustments (“Revised Forecast”) of its requirements by size, revised on or about the close of periods three and eight. 
  
 5.4 Seller shall have available for sale to Buyer a minimum of [***] of (i) the 2003 Volume as set forth on Schedule B1, (ii) the Annual Forecast or (iii) Revised Forecast,
as the case may be. Seller shall use its best efforts to supply any amounts in excess of [***] of the Annual Forecast 
 
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requirements by Container size in each forecast adjustment. If Seller is unable to guarantee the supply of any portion of the additional requirements in the Revised Forecast, Buyer has the right
to source such Containers from alternate sources at Buyer’s expense during the period covered by the Revised Forecast. 
  
 5.5 
  
 (a) Seller shall provide Buyer with a supply plan no later than 30 days from
the receipt of Buyer’s Annual Forecast for each Contract Year, demonstrating Seller’s ability to meet the Buyer’s Annual Forecast by cell for the Contract Year. 
  
 (b) Seller shall maintain a minimum of [***] days inventory for each package of each period’s forecast plus [***]. 
  
 (c) Buyer shall use its best efforts to compare actual Container usage with Container production rates and the Annual
Forecast or Revised Forecast so as to enable Seller to maintain a combined average production inventory of no more than [***] days supply of Containers at [***] of forecast; provided, however, that during periods of peak demand, Seller may be
required to build a greater production inventory of certain size Containers, in order to meet the Buyer’s seasonally adjusted requirement for Containers. 
  
 (d) Seller shall provide weekly, bi-weekly or period inventory and capacity planning reports as related to production hereunder and as required to assist in
scheduling hereunder throughout the year. 
  
 (e) If additional storage space is required to
accommodate a greater production inventory beyond [***] days, Seller shall, prior to signing a contract for such additional space, consult with and only enter into a contract with the consent of the Buyer. [***] for any additional rental and
handling cost necessarily incurred, provided that Seller and Buyer shall cooperate to minimize the quantity of the excess inventory and the cost of acquiring such additional storage space. 
  

6.    FAILURE TO BUY 
  
 6.1
Buyer agrees to purchase a minimum of [***] of the base volume forecast for each cell as referenced in Schedule B1 and also agrees to purchase a minimum of [***] of the Annual Forecast provided by December 15 or Revised Forecast, if mutually agreed
upon and committed to by Buyer and Seller, for the upcoming Contract Year. If Buyer does not purchase such minimum [***] requirement by cell, Buyer agrees to [***] an [***], provided Seller is unsuccessful in utilizing its assets to produce
containers for other customers or other Pepsi business. Buyer has the option to choose whether it will i) [***], or ii) [***] over the next Contract Year’s purchases, should they exist. 
 
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 6.2 In the event Buyer changes label design or Container Specifications, or in
the event Buyer discontinues any brand or size of Container during the Term, Buyer shall be responsible for any Containers produced by Seller and labels purchased by Seller prior to notification of the change or discontinuance up to a maximum one
month inventory, unless otherwise agreed to in writing, of the affected Container, and a three month inventory, unless otherwise agreed to in writing, of the affected label, and [***] the subsequent discontinuance of the package by Buyer.

  
 (a) Seller agrees to collate and report potential obsolete container and [***] information to
Buyer’s filling locations 30 days prior to discontinuance. Additionally, Seller agrees to provide an accurate report of actual obsolete inventory 30 days after the close of each period. Buyer agrees to make payment within 60 days of receipt of
Seller’s report. If Seller fails to provide such reports, Buyer will not be held responsible for respective obsolete material. 
  
 7.    FAILURE TO SUPPLY 
  
 7.1 If, in any Period during the Term, Seller
fails to supply Containers required by Buyer in accordance with the Annual Forecast or the Revised Forecast, as the case may be, whether due to force majeure, as defined in Section 16.1 hereof, or otherwise, Seller shall immediately notify Buyer in
writing of the nature, extent and estimated duration of such failure. Upon receipt of such notice, Buyer shall be entitled to purchase suitable beverage Containers from another source (a “Third Party Supplier”) during such period without
thereby terminating or breaching this Agreement. 
  
 7.2 With the exception of a failure to supply caused by Force
Majeure, and with the further exception of a failure to supply in excess of [***]of orders the timing and quantities of which are consistent with the latest Annual Forecast or Revised Forecast, as the case maybe, which has been mutually agreed upon
and committed to by both Buyer and Seller, Seller shall indemnify and hold harmless Buyer from and against all reasonable and substantiated costs and expenses incurred by Buyer arising out of Seller’s inability to supply Containers including
but not limited to Buyer’s cost in purchasing replacement Containers at prices including freight which are in excess of those set forth herein. These expenses shall not include lost profits of Buyer. 
  
 7.3 Buyer shall take all reasonable steps to minimize the damages and expenses it incurs as a result of Seller’s failure to supply
Containers. 
  
 7.4 Seller covenants and agrees to utilize its best efforts to assist Buyer in purchasing suitable
beverage Containers in the event that Seller is unable to supply the quantity of Containers required in accordance with the Annual Forecast or Revised Forecast, as the case may be, or if Seller is unable to supply Buyer with its requirements if in
excess of [***] of the Annual Forecast or Revised Forecast. 
  
 7.5 In the event of any interruption of Seller’s
ability to meet purchase orders placed by Buyer, Seller shall notify Buyer in writing when it is able to resume supply of Containers in accordance with the Annual Forecast or Revised Forecast, as the case may be. Upon receipt of such notice, Buyer
shall, subject to its remaining contractual obligations with any Third Party Seller and 
 
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subject to Section 7.6 hereof, resume purchasing its requirements for Containers from Seller in accordance with the terms of this Agreement. 
  

7.6 In the event that Seller is unable to supply Containers required by Buyer in accordance with this Agreement for a period which exceeds [***] consecutive days
excluding all supply interruptions due to Force Majeure events, Buyer shall be entitled to terminate this Agreement upon [***] days’ written notice without further penalty or damages being payable by Buyer. 
  
 7.7 Any Containers secured from alternate sources shall be credited against the Annual Forecast or the Revised Forecast requirements. The
parties shall use their best efforts to minimize the volume and duration of any such shortfall, and any commitment to other suppliers necessary to cover such shortfall. 
  
 8.    CONTRACT PRICES 
  
 8.1

  
 (a) The contract prices to be charged to Buyer under this Agreement are set forth in Schedule C
attached (the “Contract Prices”) subject to adjustments described in Section 8.2 below. 
  
 (b) The Contract Prices contained herein are based upon the [***]. 
  
 (i) Resin is a
pass-through cost and Seller’s actual resin cost only shall be reflected in the Contract Prices, except in cases where Buyer and Seller agree on a different resin procurement program. If Buyer and Seller cannot agree on a resin procurement
program, Seller agrees that the resin price per pound in any Contract Year [***] resin price per pound [***]. 
  
 (ii) In the event of a price change in the Seller’s actual delivered cost of resin effective after the date of this Agreement, there shall be an upward or downward adjustment to the Contract Prices calculated using the formula
set forth in Schedule D. 
  
 (iii) [***], any adjustment pursuant to Section 8.1(b)(ii) shall be
effective [***] the effective date of the resin price change to Seller. 
  
 (c) Contract Prices are
for Containers bulk palletized, stretch wrapped and strapped only as outlined in Schedule E hereof. 
  
 (d) If Seller is required to [***] covered under this Agreement, [***] label application fees as set forth in Schedule C shall be [***]. 
  
 (i) If Buyer [***] as identified on Schedule G, Buyer agrees to [***]for other customer business in which case Buyer shall not be obligated. If Seller
chooses not to retain 
 
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 Page 8 of 27 

 
[***] for other business, Buyer has the option to [***]. 
  
 (ii) Seller agrees to work with Buyer to reduce [***] costs throughout the Term. 
  
 (iii) Buyer may supply Seller the quantities of [***] necessary to produce all or a portion of the Containers covered under this Agreement, and will work with Seller to [***]. 
  

(e) [***] plastic content (recycled or otherwise) in the manufacture of the Containers, or [***] on the manufacture of plastic beverage containers.

  
 (f) Seller guarantees that the conversion costs included in the Contract Price charged to Buyer
will not increase during the Term. [***] 
  
 (g) [***] for Container sizes covered under this
Agreement [***] Buyer shall provide Seller with written notification of such [***]. Seller shall have 30 days to [***] with respect to [***]. [***] shall remain in effect as long as [***]. [***] Seller shall have the right to [***] if any. Buyer
shall not be responsible for any [***] at the expiration or earlier termination of this Agreement. 
  
 [***] 
  
 8.2 Seller agrees that it will not sell 12 oz., 16 oz., 16.9 oz., 20 oz., 24 oz., 1 liter,
2 liter, 3 liter or like containers similar to Containers manufactured under this Agreement [***] to Buyer hereunder provided, however, that if [***] 
 
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required by Buyer’s specifications, then [***]. Except for the foregoing, should Seller decide to [***]. 
  
 8.3 If there is a dispute as to the amount of any adjustments to which either party may be entitled under this Agreement, the parties shall provide all reasonably necessary
information or material to an independent certified public accounting firm acceptable to both parties, and the parties shall abide by the determination of such accounting firm. The parties shall equally share the cost of the fees charged by the said
accounting firm. For disputes involving audits of Seller’s information, the parties agree to use Price Waterhouse LLC, unless advised differently by Seller. For disputes involving audits of Buyer’s information, the parties agree to use
KPMG Peat Marwick LLP, unless advised differently by Buyer. 
  
 9.    OFFER TO SUPPLY RESIN 

 
 9.1 At any time during the Term, Buyer may [***], supply Seller [***]or less of the quantities of polyethylene terephthalate
(“PET”) prime resin, including recycled resin, necessary to produce the Containers covered under this Agreement. If Buyer elects to provide quantities of polyethylene terephthalate (“PET”) prime resin, including recycled resin,
[***], Buyer must notify Seller [***] prior to the next calendar year. 
  
 9.2 Any resin supplied by Buyer must
include the volume, and a warranty of quality (sufficient for Seller to meet all of Seller’s warranty provisions and manufacturing performance criteria), and a [***] for the Containers to be supplied hereunder. Such supply by Buyer and
Seller’s obligation to accept the same are limited to the amount of resin required to produce bottles per Buyer’s Annual Forecast or Revised Forecast, as the case may be. Subject to the foregoing, Seller agrees to accept such [***] and
thereafter the Contract Price shall be [***] for manufacture of the specified Containers or reflect the [***]. 
  
 9.3 Any resin supplied to Seller under the terms outlined above shall be subject to the industry standard warranties regarding losses related to efficiency and quality. In addition, Buyer will use its best efforts to [***] for
Containers as supplied hereunder, to Buyer’s other container suppliers. [***] 
  
 9.4 Buyer and Seller shall
work together to reach mutual agreement on the cost and supply arrangement of all resin, including virgin resin, recycled resin, and Buyer supplied resin. Buyer may supply Seller the quantities of resin necessary to produce all or a portion of the
Containers covered under this Agreement and shall work with Seller to understand Seller’s objectives and strategies to 
 
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[***]. The parties agree that they will meet quarterly to discuss resin procurements strategy and [***]. If Buyer and Seller cannot agree on a resin procurement program, Seller agrees that
it’s [***]. 
  
 10.     DELIVERY AND TITLE 
  
 10.1 Seller shall, at its sole expense, package Containers for delivery in accordance with the specifications set out in Schedule E attached hereto (“Secondary
Packaging Information”). 
  
 10.2 All of the Contract Prices for Containers are FOB Seller’s source
manufacturing plant provided, however, that Seller shall retain title and risk of loss of all Containers until an authorized signature is obtained from the Buyer’s location on a bill of lading except in those cases where Buyer arranges
transportation, in which case, title and risk of loss shall pass to Buyer upon delivery of Containers to the carrier at Seller’s loading dock. 
  
 11.     PAYMENT TERMS 
  
 11.1 Seller shall deliver a bill of lading to
Buyer promptly after each shipment of Containers delivered to Buyer. Seller is responsible for obtaining an authorized signature on the bill of lading from Buyer, which acknowledges Buyer’s receipt of shipment. 
  
 11.2 Each bill of lading shall indicate the name and location to which a shipment of Containers was made and shall indicate any relevant
bill of lading number. 
  
 11.3 Payment shall be made by way of a check or by wire transfer on the basis of [***]
from receipt of each shipment of Containers delivered to Buyer’s locations for US Containers and [***] from receipt of each shipment of Containers delivered to Buyer’s locations for Caribbean and Puerto Rico preforms or Containers.

  
 12.     RIGHT OF REJECTION 
  
 12.1 Buyer shall by written notice (“Notices of Rejection”) reject any Containers found not to be in accordance with this Agreement (“Rejected
Containers”). 
  
 12.2 The Notice of Rejection shall indicate the reason(s) for rejection and the quantity of
Rejected Containers. 
  
 12.3 Buyer may return the Rejected Containers to Seller at Seller’s risk and expense
upon approval by Seller’s Quality Assurance and Technical Manager and title to the Rejected Containers shall revert to Seller at the point and time of shipment to Seller. 
  
 12.4 Seller shall within a reasonable time either replace the Rejected Containers with Containers produced in accordance with this Agreement or reimburse Buyer for the
Rejected Containers. 
 
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 12.5 Seller shall pay all reasonable direct expenses incurred by Buyer arising
out of or in connection with Rejected Containers. 
  
 13.    QUALITY AND TECHNICAL SUPPORT 

 
 13.1 Seller agrees that it will provide all Containers to Buyer in accordance with the specifications and warranty provisions
set forth herein, and will maintain an overall quality and service level with respect to the Containers covered under this Agreement equal to or better than that of Buyer’s other suppliers of similar plastic Containers. 
  
 13.2 Seller agrees to provide, at its sole cost and expense, reasonable professional, technical and quality support services related to
manufacture and use of the Containers to Buyer on a prompt and timely basis. 
  
 13.3 Buyer shall provide Seller with
an annual defective material report and relevant plant surveys comparing Seller’s quality and service levels with those of Buyer’s other Sellers of comparable Containers. 
  
 13.4 If Seller’s quality or service with respect to a specific type of Container is [***] of Container, a reasonable period of time shall be granted to Seller to
[***]without holding Seller as being in breach of this Agreement provided that Seller promptly and diligently pursues such performance level improvements. During such time period, Buyer may reduce the quantity of Containers purchased from Seller,
without obligation [***]. 
  
 13.5 In addition to the requirements of this section regarding “quality and
service”, the Buyer and Seller agree that in the event that a particular quality, service or packaging issue arises at any particular cell location, Seller shall have [***] in which to resolve the issue, and that if a successful resolution is
not achieved in such time period, then Seller shall not be permitted to produce the particular package at the particular location until final resolution is demonstrated to and accepted by Buyer. Buyer shall have the right to secure such Containers
from an alternate source during such period of noncompliance; however, Buyer shall work with Seller to secure such Containers from Seller’s alternate locations where possible and where Buyer is not freight disadvantaged. 

 
 13.6 Additionally, Seller agrees to participate in the Pepsi Bottle Audit Process including but not limited to actively
participating in Pepsi filling plant audits, completing bottle quality evaluations of audit bottles, providing a formal report on corrective actions, and performing corrective actions. [***] with the Pepsi filling location as specified in the
standard Pepsi Corporate Bottle Audit procedure. 
 
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 14.    FREIGHT AND WAREHOUSING 
  
 14.1 The parties agree to work together to develop and implement additional or alternative transportation arrangements in an effort to
reduce freight costs throughout the Term. The parties agree that they shall meet [***] prior to Seller’s carrier negotiations in order to discuss freight procurement strategy and discuss ways to reduce freight cost. 
  
 14.2 Seller shall make best efforts to provide Buyer with most cost effective freight rates. Seller shall notify Buyer of potential
freight cost or supply sourcing changes for the upcoming Contract Year [***]. Seller shall quote freight rates from a minimum of three freight companies for each Buyer’s plants for the following Contract Year at Buyer’s request. [***]

  
 14.3 Buyer shall pay [***] the lowest of the Seller’s three freight quotations unless mutually agreed
otherwise, with the exception of the following: 
  
 (a) The parties agree that the Buyer shall pay
the lower of the two freight rates when Seller elects to utilize a supporting plant in addition to the Seller’s primary hub plant to support a cell location. 
  
 (b) In the event that Seller closes, sells or otherwise disposes of a supply plant during the Term, [***] the parties agree that Seller shall be responsible
for the Incremental Freight Costs for the balance of the contract term. As used herein “Incremental Freight Costs” shall mean those freight costs that arise from shipping Containers from Seller’s new supply plant as compared to
Seller’s original supply plant as referenced in Schedule B2. 
  
 14.4 Buyer shall continue to support Seller to
move from local warehouses to direct shipment of Containers from Seller’s source location to Buyer’s filling locations. Until such time as Seller can document sustained direct shipment performance equal to or better than the on time, wrong
load, and damaged load [***] Seller will continue to utilize the warehouses [***] to support Buyer’s business at Seller’s cost. 
  
 15.    WARRANTY 
  
 15.1 ALL WARRANTIES RELATING TO THE PRODUCTS ARE
EXPRESSED IN THIS AGREEMENT ONLY. THERE ARE NO OTHER WARRANTIES, EXPRESSED OR IMPLIED. 
  
 15.2 Seller represents and
warrants: 
  
 (a) that the Containers it manufactures pursuant to Buyer’s orders will:

  
 (i) conform in all respects to the specifications set forth in Schedule A; 

 
 (ii) be merchantable and fit for the purpose for which they are intended; namely, a commercially acceptable
container for soft drink, isotonic or bottled water products; and 
 
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 Page 13 of 27 

  
 (iii) meet Buyer’s applicable shelf life for the mutually
agreed period specified in the applicable specification for the specific soft drink product; 
  
 (b)
that the Containers and materials which Seller supplies and uses in connection with the manufacture of the Containers: 
  
 (i) will be free of defects in materials and workmanship; 
  
 (ii) are
permissible under presently existing regulations under the Federal Food Additives Amendment and any other applicable federal rules and regulations and under applicable state laws; and 
  
 (iii) are neither unsafe food additives nor adulterated nor misbranded and the Containers manufactured from such substances may be introduced into
interstate commerce within the provisions of the Federal Food, Drug and Cosmetic Act; 
  
 (c) that
each pallet of Containers shall have attached thereto a slip indicating the date and shift when such Containers were produced or such other documentation as is mutually acceptable; and 
  
 (d) that each Container shall be marked (i.e., ink jet ink) indicating the date and shift when such Containers were produced or such other documentation as
is mutually acceptable. 
  
 15.3 If the Containers do not conform to the warranties contained in this section, Seller
shall use its best efforts to replace in a timely manner the nonconforming Containers. If Seller does not so replace the nonconforming Containers, Seller shall [***] such defective Containers, based on the [***]. In addition to the foregoing and any
other rights and remedies, and subject to Section 15.4 below, with respect to any claim for such nonconforming Containers, [***] 
  
 (a) the [***] of such defective Containers, 
  
 (b)
the [***] of such defective Containers (as determined by the [***] with respect to such [***]), 
  
 (c) the [***] of such defective Containers and their [***] of the defective Containers, and 
  
 (d) any [***] under this Agreement, which are [***] Containers. 
  
 (e) Seller shall
not be responsible to Buyer [***] and Seller shall have no liability [***]. 
 
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 Page 14 of 27 

  
 15.4 Seller agrees to indemnify and hold Buyer harmless from and against any and
all costs, losses, liabilities, damages, claims or expenses arising out of third-party claims for property damage or personal injury (including without limitation legal fees and expenses incurred in defending against any such claims) incurred by
Buyer and caused in whole or in part by any breach by Seller of the warranties set forth in this section, provided that Buyer gives Seller prompt notice of such claim, cooperates in the defense thereof (which shall include such matters as providing
Buyer employees for interview, deposition and testimony at trial and production of relevant documents) and grants Seller the right to handle, defend or otherwise dispose of such claim as it may determine. 
  
 16.    FORCE MAJEURE 
  
 16.1 Neither party shall be liable for failure or delay in performance under this Agreement due in whole or in part to causes such as an act of God, strike, lockout or other labor dispute, civil commotion, sabotage, fire,
flood, explosion, acts of any government, unforeseen shortages or unavailability of fuel, power, transportation, raw materials or supplies, inability to obtain or delay in obtaining necessary equipment or governmental approvals, permits, licenses or
allocations, and any other causes which are not within the reasonable control of the party affected, whether or not of the kind specifically enumerated above. 
  
 16.2 Either party affected by any such circumstances shall promptly give written notice thereof to the other party. During any such period, Seller shall allocate its available supply among its
customers in the same proportion as existed before the occurrence of any such circumstances. Performance of this Agreement shall be resumed as quickly as reasonably possible after the party affected by any such circumstances has notified the other
party that the condition(s) is/are remedied. 
  
 16.3 Buyer’s failure to pay Seller amounts due under this
Agreement shall not under any circumstances be considered a Force Majeure. 
  
 17.    PATENTS, TRADEMARKS, COPYRIGHTS
AND UNFAIR COMPETITION 
  
 17.1 Seller guarantees to Buyer that the Containers manufactured and the use thereof
in the form furnished by Seller will not in itself infringe any valid United States patent. In the event of claim of any such patent infringement and provided that Seller is promptly notified thereof and given the complete defense, Seller as its
only obligation agrees to defend, indemnify and hold Buyer harmless from and against any awards or claims against Buyer as the result of such actual or alleged infringement. Upon the institution of any suit or action alleging infringement against
Buyer, Seller may: 
  
 (a) pay the royalties claimed, or 
  
 (b) furnish non-infringing Containers, provided they are acceptable to Buyer, or 
  
 (c) at Seller’s sole option, continue to supply the allegedly infringing Containers, provided that in such event
Seller shall reimburse Buyer for any loss which Buyer sustains on account of infringement if in such suit or action it is held that the manufacture or use of such Containers did infringe a valid United States patent, provided that Buyer shall not be
reimbursed for any incidental or 

 
 Page 15 of 27 

 
consequential damages arising from such items as loss of profits or opportunity due to patent infringement and in no event shall Seller be responsible for damages in excess of the cost of the
Containers purchased under this Agreement and the contents thereof. 
  
 17.2 Notwithstanding the foregoing, Buyer
agrees to indemnify and defend Seller from and against any and all court assessed decrees and costs resulting from infringement of any United States patent to the extent that such infringement arises from any patent or technology licensed to or by
Buyer, or any designs furnished by Buyer or expressly required by Buyer, provided Seller gives prompt notice of the alleged infringement, provides reasonable assistance and information necessary to the defense of such claim, and allows Buyer full
opportunity to defend or dispose of such claim. 
  
 18.    CANCELLATION UPON DEFAULT 
  
 18.1 Either party may terminate this Agreement upon written notice in the event of a material default of the terms and conditions hereof,
which remains uncured after thirty (30) days of receiving a written description of the nature of the default from the non-breaching party. Nothing in this section shall be construed to preclude the parties from their other respective remedies
provided at law or in equity, provided that such remedies are not precluded by the terms and conditions of this Agreement. Buyer shall have no liability for disposal of the capital assets should Buyer cancel under this section. 

 
 19.    CONFIDENTIALITY 
  
 19.1 Each party shall keep confidential the terms of this Agreement and all disclosures made by the other party containing business or technical information relating to the subject matter hereof, and
shall neither disclose such information to anyone else nor use it for the receiving party’s separate benefit. This confidentiality obligation shall not apply to information that the receiving party can show was already known to it, became
available from another party who had a right to disclose it, entered the public domain without its fault, or was subsequently developed independently of the disclosure. This confidentiality obligation shall survive the termination or expiration of
this Agreement, for any reason, for three years. 
  
 20.    INTERPRETATION 
  
 20.1 When applicable, use of the singular form of any word shall mean or apply to the plural, and the neuter form shall mean or apply to
the feminine, masculine or plural. The captions in this Agreement, including the headings to sections and paragraphs, are for convenience of reference only and shall not affect its interpretation or construction. 
  
 21.    GOVERNING LAW 
  
 21.1 This Agreement shall be governed by and enforced in accordance with the laws of the State of New York, without regard to conflict of laws provisions. 

 
 Page 16 of 27 

  
 22.    PRIOR AGREEMENTS AND MERGER 
  
 22.1 This Agreement contains the entire agreement of the parties and there are no agreements, representations or understandings with
respect to the subject matter hereof other than those stated or referred to herein. This Agreement supersedes any and all other agreements, representations or understandings, written or oral, between the parties to this Agreement with respect to the
subject matter hereof made prior to or contemporaneously herewith. 
  

	23.    AMENDMENTS
	 
	
 

  
 23.1 This Agreement may not be amended, except in a writing executed by authorized officers of both parties. All such revisions shall as of their effective date automatically become a part of this Agreement. 
  
 24.    EXHIBITS 
  
 24.1 All exhibits and schedules or attachments to exhibits or schedules referenced in this Agreement as annexed hereto are incorporated herein by reference and made a part hereof. From time to time any exhibit, schedule or
attachment may be amended. Once amended, the restated exhibit, schedule or attachment incorporating such amendments shall be executed in accordance with Section 23.1 hereof and then annexed to this Agreement. 
  
 25.    GENERAL 
  
 25.1 If any provision of this Agreement, whether a paragraph, sentence or portion thereof, is determined by a court of competent jurisdiction to be null and void or unenforceable, such provision shall be deemed to be severed, and the
remaining provisions of this Agreement shall remain in full force and effect. Neither party shall be deemed to have waived any right, power, privilege or remedy unless such waiver is in writing and duly executed by it. No failure to exercise, delay
in exercising or course of dealing with respect to any right, power, privilege or remedy shall operate as a waiver thereof by either party or of any other right, power, privilege or remedy. No exercise or partial exercise of any right, power,
privilege or remedy shall preclude any other or further exercise thereof by either party or the exercise of any other right, power, privilege or remedy by either party. 
  
 26.    NOTICES 
  
 26.1 Any notice
required or permitted hereunder shall be in writing and shall be sent to the address given below for the party to be notified, unless such party has previously notified the other of a change of address, in which case the notice shall be sent to such
changed address: 
  
 
	 Seller:
 	  	 Constar, International
 
	  	  	 Attn: President
 
	  	  	 One Crown Way
 
	  	  	 Philadelphia, PA 19154
 
	  	  	 Telephone: 215-698-5089
 
	  	  	 Facsimile:
 

 

 
 Page 17 of 27 

 
	 
	 Buyer:
 	  	 New Century Beverage Company
 
	  	  	 Attn:            
 
	  	  	 One Pepsi Way
 
	  	  	 Somers, NY 10589-2201
 
	  	  	 Telephone: 914/767-6000
 
	  	  	 Facsimile: 914/767-1350
 

 
  
 27.    ASSIGNMENT OR CHANGE OF CONTROL 
  
 27.1 This Agreement shall not be assigned by either party without the prior written consent of the other. 
  
 27.2 Upon a Change of Control (as defined below), Buyer may terminate this Agreement pursuant to Section 18. For the purposes of this
Agreement, “Change of Control” shall mean the occurrence of one or more of the following events: (i) an initial public offering consummated by Seller in which any Person or group of related Persons, together with any affiliates thereof,
purchases greater than 20% of the securities offered; (ii) any Person or group of Persons other than Seller or a group controlled by Seller shall become the owner, directly or indirectly, beneficially or of record, of shares representing greater
than 20% of the issued and outstanding capital stock of Seller; (iii) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of greater than 20% of the United States based PET assets of Seller to any
Person or group of related Persons, together with any affiliates thereof; or (iv) the adoption of any plan or proposal for the liquidation or dissolution of Seller. For the purposes of this section, “Person” shall mean an individual,
partnership, corporation, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof. 
  
 28.    EXCLUSIVITY 
  
 28.1 Seller covenants and agrees that during the
Term hereof it shall not produce, manufacture, distribute, sell or otherwise supply beverages, either directly or indirectly, that compete, either directly or indirectly, with the production, manufacture, distribution or sale of carbonated and
noncarbonated beverages, isotonic beverages or fruit beverages of Buyer, its division, subsidiaries or affiliates. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 
  
 
	 Constar
 	  	 New Century Beverage Company
 
	 
	 Per:/s/ Mike
Hoffman                                       
      
 	  	 Per: /s/ Mitchell J.
Adamek                                    
 
	 President
 	  	  
	 
	 Date: October 17,
2002                                        
 
 	  	 Date: October 17,
2002                                        
    
 
	 
	  	  	 New Century Beverage Company
 
	 
	  	  	 Per: /s/ J. A.
Kaluski                                       
          
 
	 
	  	  	 Date: October 17,
2002                                        
    
 

 

 
 Page 18 of 27 

 SCHEDULE A 
  
 CONTAINER SPECIFICATIONS 
  
 The Container Specifications shall be the “Pepsi-Cola North
America PET Specifications and Qualification Manual”, issue date [***] for the Buyer which was submitted and registered to Seller in care of, but not limited to, the following person(s): 
  

Phil Kraft, Senior Project Engineer 
 Jim
Meyman, Corporate Quality Director 
 Mark Newcott, Director  —  Customer Technical Services 
  
 The Container Specifications sets forth Buyer’s bottle specifications and methodology in regards to its: 
  
 1. Bottle Design Guidelines, 
 2. PET Package Qualification Process, and 
 3. PET Bottle Specifications and Test Methods 
  
 The Container Specifications will be updated periodically and revisions issued to Seller in care of the position(s) listed above (if
appropriate) for Seller’s use in making PET bottles for the Buyer. 
 
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 Page 19 of 27 

 SCHEDULE B1 
  
 Base Volume Forecast (in Thousand Containers) 
 Based on [***] Forecast 
  
 
	  	  	 Cell
 
	    	 Container
 
	    	 [***]Forecast
(M units)
 
	    	 2003 Volume
 (M units)
 

	 Cell 1
 	  	 Havre de Grace
 	    	 Total
 	    	  	    	  
	  	  	  	    	 38mm
 	    	  	    	  
	  	  	  	    	 28mm
 	    	  	    	  
	 
	 Cell 2
 	  	 Orlando
 	    	 Total
 	    	  	    	  
	  	  	  	    	 38mm
 	    	 [***]
 	    	 [***]
 
	  	  	  	    	 28mm
 	    	  	    	  
	 
	 Cell 3
 	  	 Dallas
 	    	 Total
 	    	  	    	  
	  	  	  	    	 38mm
 	    	  	    	  
	  	  	  	    	 28mm
 	    	  	    	  
	 
	 Cell 4
 	  	 Newark
 	    	 Total
 	    	  	    	  
	  	  	  	    	 38mm
 	    	  	    	  
	  	  	  	    	 28mm
 	    	  	    	  
	 
	  	  	 Total
 	    	  	    	  	    	  

 
  
 *Note: 38mm refers to any Containers with a 38mm diameter finish. 28mm refers to any
Containers with a 28mm diameter finish. 
 
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 Page 20 of 27 

 SCHEDULE B2 
  
 Seller Source Locations and Buyer Filling Locations 
  
 Seller’s Source Locations below
will be the primary supply point over the term of this agreement. 
 Buyer’s Filling Locations are subject to change beyond the 2003 contract year as per
Section 4.2. 
 Freight rates are subject to change as per Section 14. 
  
 
	 2003-2007
 Seller’s Source Cell and
 Supply Plant
 	    	 2003
 Buyer’s
Filling
Locations
 	    	 Packages
 
	 
	 Cell 1—Havre de Grace
 	    	  	    	  
	 Charlotte
 	    	 Baltimore, Roanoke
 	    	  
	 Charlotte
 	    	 Roanoke
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Baltimore
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Cheverly
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Marion
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Newport News
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Philadelphia
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Roanoke
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 Williamsport
 	    	  
	 Clark Rd or Old Bay Lane
 	    	 [***]
 	    	  
	 
	 Cell 2—Orlando
 	    	  	    	  
	 Orlando
 	    	 Jacksonville
 	    	 [***]
 
	 Orlando
 	    	 Miami
 	    	  
	 Orlando
 	    	 Orlando
 	    	  
	 Orlando
 	    	 Tampa
 	    	  
	 
	 Cell 3—Dallas
 	    	  	    	  
	 Birmingham
 	    	 Collierville
 	    	  
	 Charlotte
 	    	 Collierville
 	    	  
	 Collierville
 	    	 Collierville
 	    	  
	 Collierville
 	    	 Reserve
 	    	  
	 Dallas
 	    	 Mesquite
 	    	  
	 Dallas
 	    	 Houston
 	    	  
	 Dallas
 	    	 San Antonio
 	    	  
	 Dallas
 	    	 Tulsa
 	    	  
	 Houston
 	    	 Houston
 	    	  
	 Houston
 	    	 San Antonio
 	    	  
	 Reserve
 	    	 Reserve
 	    	  
	 
	 Cell 4—Newark
 	    	  	    	  
	 Hebron
 	    	 Dayton
 	    	  
	 Hebron
 	    	 Huntington
 	    	  
	 Hebron
 	    	 Johnstown
 	    	  
	 Hebron
 	    	 Laurel
 	    	  
	 Hebron
 	    	 Twinsburg
 	    	  

 
 
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 Page 21 of 27 

 SCHEDULE C 
 Contract Prices for
Containers 
 (Pricing Per One Thousand Containers) 
  
 Conversion Cost shall apply for all Carbonated Soft Drink Containers and Non-Carbonated Containers over the term of this agreement. [***] to be specified prior to National Rollout and to be provided on
Pepsi Price List. 
  
 
	  	  	 Container Size and Gram Weight
 
	 Contract Year
 	  	 12 oz.
 	  	 12 oz.
 	  	 16 oz.
 	    	 16.9 oz.
 	  	 20 oz.
 	  	 24 oz.
 	    	 1 liter
 	    	 2 liter
 	    	 3 liter
 
	  	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Year 1
 	  	 January 1, 2003 through December 31, 2003
 
	 Resin Cost
 	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Conversion
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Total
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	  	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	  	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	  	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	  	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Year 2
 	  	 January 1, 2004 through December 31, 2004
 
	 Resin Cost
 	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Conversion
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Total
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Year 3
 	  	 January 1, 2005 through December 31, 2005
 
	 Resin Cost
 	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Conversion
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Total
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Year 4
 	  	 January 1, 2006 through December 31, 2006
 
	 Resin Cost
 	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Conversion
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Total
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Year 5
 	  	 January 1, 2007 through December 31, 2007
 
	 Resin Cost
 	  	  	  	  	  	  	    	  	  	 [***]
 	  	  	    	  	    	  	    	  
	 Conversion
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  
	 Total
 	  	  	  	  	  	  	    	  	  	  	  	  	    	  	    	  	    	  

 
  
 Contract Prices, based on gram weights indicated, are based on an
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 Page 22 of 27 

 SCHEDULE C 
 Label and Label
Application Prices for Containers 
 (Pricing Per One Thousand Containers) 
  
 For all Containers covered in this agreement: 
  
 
	 Size
 
	    	 2002 [***]
 
	    	 [***]
 Label Application
 Price
 
	    	 [***]
 Label Application
 Price
 
	    	 [***]
 Label Application
 Price
 

	 12 oz.
 	    	  	    	  	    	  	    	  
	 16 oz.
 	    	  	    	  	    	  	    	  
	 16.9 oz.
 	    	  	    	  	    	  	    	  
	 20 oz.
 	    	  	    	 [***]
 	    	  	    	  
	 24 oz.
 	    	  	    	  	    	  	    	  
	 1 liter
 	    	  	    	  	    	  	    	  
	 2 liter
 	    	  	    	  	    	  	    	  
	 3 liter
 	    	  	    	  	    	  	    	  

 
  
 * [***] subject to annual price adjustments [***] . 
 
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 Page 23 of 27 

 SCHEDULE D 
  
 EXAMPLES OF DETERMINING PRICE CHANGE 
 DUE TO CHANGE IN RESIN PRICING 
  

An example of the calculation used for determining price changes based on resin cost changes is as follows: 
  
 Bottle price change per 1,000 Containers = A minus B where, 
  

	 A =
 

 	  	 New Actual Resin Cost =
  
 [(Bottle Gram Weight × 1000) ÷ 453.6] × (New Resin Cost in Cents/Pound)
 
	 
	 B =
 

 	  	 Current Actual Resin Cost =
  
 [(Bottle Gram Weight × 1000) ÷ 453.6] × (Current Resin Cost in Cents/Pound)
 

 
  
 The above formula is illustrated for a [***], 2-liter bottle
(currently priced at [***] resin decrease change as follows: 
  
 
	 Price Change per
 Thousand Containers
 	  	 =
 	  	 A minus B
 
	 
	 where A
 	  	 =
 	  	  
	 
	  	  	 =
 	  	  
	 
	 and where B
 	  	 =
 	  	 [***]
 
	 
	  	  	 =
 	  	  
	 
	 so that A minus B
 	  	 =
 	  	  
	 
	  	  	 =
 	  	  

 
 
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 Page 24 of 27 

 SCHEDULE E 
  
 SECONDARY PACKAGING INFORMATION 
  
 
	 SIZE
 	    	 BOTTLES/
 PALLETS
 	    	 LAYERS/
 PALLET
 	    	 BOTTLES/
 LAYER
 	    	 # OF STRAPS
 	  	 # OF TIER SHEETS
 	    	 TOP FRAME
 	    	 Stretch Wrap
 	    	 TOTAL PALLET HEIGHT* with Plastic Pallet
 
	 
	 12 oz.
 	    	  	    	  	    	  	    	 4
 	  	  	    	 1
 	    	  	    	  
	 
	 16 oz.
 	    	  	    	  	    	  	    	 4
 	  	  	    	 1
 	    	  	    	  
	 
	 16.9 oz.
 	    	  	    	  	    	  	    	 5
 	  	  	    	 1
 	    	  	    	  
	 
	 20 oz.
 	    	  	    	 [***]
 	    	  	    	 5
 	  	 [***]
 	    	 1
 	    	  	    	 [***]
 
	 
	 24 oz.
 	    	  	    	  	    	  	    	 5
 	  	  	    	 1
 	    	  	    	  
	 
	 1 liter
 	    	  	    	  	    	  	    	 4
 	  	  	    	 1
 	    	  	    	  
	 
	 2 liter
 	    	  	    	  	    	  	    	 4
 	  	  	    	 1
 	    	  	    	  
	 
	 3 liter
 	    	  	    	  	    	  	    	 4
 	  	  	    	 1
 	    	  	    	  

 
  
 *Includes pallet and top frame. 
  

Plastic Pallet Size = 44” X 56” x 4.38” 
  
 Pallets and top frames
are the property of Seller and shall be returned to Seller. 
 
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 Page 25 of 27 

 SCHEDULE F 
  
 [***] CALCULATIONS 
  
 An example of the calculation used for determining [***]: 

 
 [***] 
 
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 Page 26 of 27

 SCHEDULE G 
  
 SELLER’S [***] 
  
 
	  	    	  	    	  
	  	    	  	    	  
	  	    	  	    	  
	  	    	 [***]
 	    	  
	  	    	  	    	  
	  	    	  	    	  
	  	    	  	    	  
	  	    	  	    	  
	  	    	  	    	  
	  	    	  	    	  
	 Total
 	    	  	    	  

 
 
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 Page 27 of 27

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