Document:

exv10w3w10

Exhibit 10.3.10

SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of 20 December 2007,
among SIG Combibloc Beteiligungs-GmbH, a limited liability company (Gesellschaft mit
beschränkter Haftung) organised under the laws of the Federal Republic of Germany having
its business address at Rurstrasse 58, 52441 Linnich, Germany, which is registered in the
commercial register (Handelsregister) of the local court (Amtsgericht) of Düren under HRB
4356 (the “New Subordinated Guarantor”), BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A.
(or its successor), a Luxembourg public limited liability company (société anonyme), having
its registered office at 6, Parc d’Activités Syrdall, L-5365 Munsbach, Grand-Duchy of
Luxembourg, registered with the Luxembourg register of commerce and companies under
the number B129.914 (the “Issuer”) and The Bank of New York, as trustee under the indenture
referred to below (the “Trustee”).

W I T N E S S E T H :

     WHEREAS the Issuer has heretofore executed and delivered to the Trustee an indenture
(as amended, supplemented or otherwise modified, the “Indenture”) dated as of June 29,
2007, providing for the issuance of the Issuer’s 91/2% Senior Subordinated Notes due 2017
(the “Securities”), initially in the aggregate principal amount of €420,000,000;

     WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the
Issuer is required to cause the New Subordinated Guarantor to execute and deliver to the
Trustee a supplemental indenture pursuant to which the New Subordinated Guarantor shall
unconditionally guarantee all the Issuer’s Obligations under the Securities and the
Indenture pursuant to a Subordinated Guarantee on the terms and conditions set forth
herein; and

     WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and the Issuer are
authorized to execute and deliver this Supplemental Indenture;

     NOW THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Subordinated Guarantor,
the Issuer and the Trustee mutually covenant and agree for the equal and ratable benefit of
the holders of the Securities as follows:

     1. Defined Terms. As used in this Supplemental Indenture, terms defined in
the Indenture or in the preamble or recital hereto are used herein as therein defined,
except that the term “Holders” in this Supplemental Indenture shall refer to the term
“Holders” as defined in the Indenture and the Trustee acting on behalf of and for the
benefit of such Holders. The words “herein,” “hereof”

 

 

and “hereby” and other words of similar import used in this Supplemental Indenture
refer to this Supplemental Indenture as a whole and not to any particular section hereof.

     2. Agreement to Guarantee.

     (a) The New Subordinated Guarantor hereby agrees, jointly and severally with all
existing Subordinated Guarantors (if any), to unconditionally guarantee the Issuer’s
Obligations under the Securities and the Indenture on the terms and subject to the
conditions set forth in Article X and Article XI of the Indenture and to be bound by all
other applicable provisions of the Indenture and the Securities and to perform all of the
obligations and agreements of a Subordinated Guarantor under the Indenture.

     (b) The New Subordinated Guarantor shall not be liable to pay any amount to the extent
that any liability or obligation under the Subordinated Guarantee would result in a
violation of, or give rise to directors’ personal liability (with respect to the New
Subordinated Guarantor or its shareholders) under, mandatory German capital maintenance
rules (Kapitalerhaltunsgvorschriften) pursuant to German company law, in particular
Sections 30 et seq. (and, if enacted, the new Section 64) of the German Act on Limited
Liability Companies (Gesetz über Gesellschaften mit beschränkter Haftung) and/or Sections
57, 71 and 71a of the German Stock Corporation Act (Aktiengesetz) (the “German Capital
Maintenance Rules”). To the extent that any liability or obligation of the New Subordinated
Guarantor under the Subordinated Guarantee violates or contradicts German Capital
Maintenance Rules or gives rise to directors’ personal liability, such liability or
obligation shall be deemed replaced by a liability or obligation of a similar nature
compliant with German Capital Maintenance Rules, which provides the best possible result
(within the limits of German Capital Maintenance Rules) in favour of the Holders and the
Trustee and their respective successors and assigns.

     (c) The Subordinated Guarantee shall further not be enforced to the extent that the
New Subordinated Guarantor demonstrates in reasonable detail that such enforcement would
lead to a breach of the duty of care owing by its shareholders to it (Gebot der
Rücksichtnahme auf die Eigenbelange der Gesellschaft) and/or of the prohibition of
insolvency-causing intervention (Verbot des existenzvernichtenden Eingriffs), as developed
by the recent jurisdiction (in particular BGH II ZR 178/99 Bremer “Vulkan”, BGH ZR 196/00
and BGH II ZR 300/00 “KBV” and BGH II ZR 3/04 “Trihotel”) of the Federal Supreme Court
(Bundesgerichtshof), caused for example, as far as this would be within the scope of the
cited court rulings, if the entering into the Subordinated Guarantee or its enforcement
results in the illiquidity (Zahlungsunfähigkeit) of the New Subordinated Guarantor.

2

 

     (d) The Trustee shall be obliged to retransfer proceeds from any enforcement of the
Subordinated Guarantee to the extent the New Subordinated Guarantor demonstrates in
reasonable detail that the enforcement was excluded pursuant to paragraphs (b) or (c)
above.

     3. Notices. All notices or other communications to the New Subordinated
Guarantor shall be given as provided in Section 13.02 of the Indenture.

     4. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed
and all the terms, conditions and provisions thereof shall remain in full force and effect.
This Supplemental Indenture shall form a part of the Indenture for all purposes, and every
holder of Securities heretofore or hereafter authenticated and delivered shall be bound
hereby.

     5. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW.

     6. Trustee Makes No Representation. The Trustee shall not be responsible in
any manner whatsoever for or in respect of the recitals contained herein, all of which
recitals are made solely by the Issuer and the New Subordinated Guarantor. Furthermore,
the Trustee makes no representation as to the validity or sufficiency of this Supplemental
Indenture.

     7. Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement.

     8. Effect of Headings. The Section headings herein are for convenience only
and shall not effect the construction thereof.

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be
duly executed as of the date first above written.

	 	 	 	 	 
	 	SIG COMBIBLOC BETEILIGUNGS-GmbH,

 	 
	 	By:  	/s/ Cindi Lefari
 	 
	 	 	Name:  	Cindi Lefari 	 
	 	 	Title:  	 	 
	 	 	 
	 	By:  	                         /s/ Sarah Snow
 	 
	 	 	Name:  	Sarah Snow 	 
	 	 	Title:  	 	 
	 
	 	THE BANK OF NEW YORK, as Trustee,

 	 
	 	By:  	/s/ Mark Elsom
 	 
	 	 	Name:  	Mark Elsom 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A.,

 	 
	 	By:  	/s/ Sarah Snow
 	 
	 	 	Name:  	Sarah Snow 	 
	 	 	Title:  	 	 
	 

4exv10w3w11

Exhibit 10.3.11

The taking of this document or any certified copy of it or any other document
which constitutes substitute documentation for it, or any document which
includes written confirmations or references to it, into Austria as well as printing
out any e-mail communication which refers to this document in Austria or
sending any e-mail communication to which a pdf scan of this document is
attached to an Austrian addressee or sending any e-mail communication
carrying an electronic or digital signature which refers to this document to an
Austrian addressee may cause the imposition of Austrian stamp duty.
Accordingly, keep the original document as well as all certified copies thereof
and written and signed references to it outside of Austria and avoid printing out
any e-mail communication which refers to this document in Austria or sending
any e-mail communication to which a pdf scan of this document is attached to an
Austrian addressee or sending any e-mail communication carrying an electronic
or digital signature which refers to this document to an Austrian addressee.

SUPPLEMENTAL INDENTURE

     SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”)
dated as of 4 March 2010, among SIG Combibloc GmbH, a limited liability
company organized under the laws of Austria with its seat in Saalfelden am
Steinernen Meer, Austria, and its business address at Industriestraße 3, 5760
Saalfelden am Steinernen Meer, Austria, registered in the Austrian company’s
register (Firmenbuch) under file number 237985d (the “New Subordinated
Guarantor”), BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II
S.A. (or its successor), a Luxembourg public limited liability company
(société anonyme), having its registered office at 6C, Parc d’Activités Syrdall, L-
5365 Munsbach, Grand-Duchy of Luxembourg, registered with the Luxembourg
register of commerce and companies under the number B129.914 (the
“Issuer”) and The Bank of New York Mellon (formerly The Bank of New
York), as trustee under the indenture referred to below (the “Trustee”).

WITNESSETH :

     WHEREAS the Issuer has heretofore executed and delivered to the
Trustee an indenture (as amended, supplemented or otherwise modified, the
“Indenture”) dated as of June 29, 2007, providing for the issuance of the
Issuer’s 91/2% Senior Subordinated Notes due 2017 (the “Securities”), initially
in the aggregate principal amount of €420,000,000;

     WHEREAS Section 4.11 of the Indenture provides that under certain
circumstances the Issuer is required to cause the New Subordinated Guarantor
to execute and deliver to the Trustee a supplemental indenture pursuant to
which the New Subordinated Guarantor shall unconditionally guarantee all the
Issuer’s Obligations under the Securities and the Indenture pursuant to a
Subordinated Guarantee on the terms and conditions set forth herein; and

 

 

     WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee and
the Issuer are authorized to execute and deliver this Supplemental Indenture;

     NOW THEREFORE, in consideration of the foregoing and for other
good and valuable consideration, the receipt of which is hereby acknowledged,
the New Subordinated Guarantor, the Issuer and the Trustee mutually
covenant and agree for the equal and ratable benefit of the holders of the
Securities as follows:

     1. Defined Terms. As used in this Supplemental Indenture, terms
defined in the Indenture or in the preamble or recital hereto are used herein as
therein defined, except that the term “Holders” in this Supplemental Indenture
shall refer to the term “Holders” as defined in the Indenture and the Trustee
acting on behalf of and for the benefit of such Holders. The words “herein,”
“hereof” and “hereby” and other words of similar import used in this
Supplemental Indenture refer to this Supplemental Indenture as a whole and
not to any particular section hereof.

     2. Agreement to Guarantee. Subject to Clauses 3 and 4, the New
Subordinated Guarantor hereby agrees, jointly and severally with all existing
Subordinated Guarantors (if any), to unconditionally guarantee the Issuer’s
Obligations under the Securities and the Indenture on the terms and subject to
the conditions set forth in Article X and Article XI of the Indenture and to be
bound by all other applicable provisions of the Indenture and the Securities
and to perform all of the obligations and agreements of a Subordinated
Guarantor under the Indenture.

     3. Limitation on Guarantee.

     (i) Notwithstanding any other provision of this Supplemental
Indenture, the guarantee granted by a New Subordinated Guarantor
incorporated in Austria under this Supplemental Indenture (an “Austrian
Guarantor”) is meant to be and shall be interpreted as “abstrakter
Garantievertrag” and the New Subordinated Guarantor undertakes to pay the
amounts due under or pursuant to this guarantee unconditionally, irrevocably,
upon first demand and without raising any defences (“unbedingt,
unwiderruflich, ueber erste Aufforderung und unter Verzicht auf alle
Einwendungen”).

     (ii) None of the obligations of the New Subordinated Guarantor
under this Supplemental Indenture shall be construed to create any obligation
of the New Subordinated Guarantor to act in violation of the mandatory
Austrian capital maintenance rules (“Kapitalerhaltungsvorschriften”) pursuant
to Austrian company law (the “Austrian Capital Maintenance Rules”),

 

 

including without limitation pursuant to Section 82 of the Austrian Act on
Limited Liability Companies (“Gesetz über Gesellschaften mit beschränkter
Haftung”) and pursuant to Section 52 of the Austrian Stock Corporation Act
(“Aktiengesetz”), and all obligations of the Austrian Guarantor shall be limited
in accordance with the Austrian Capital Maintenance Rules. This limitation
would, to the extent applicable, restrict the right of payment and would limit
the claim accordingly irrespective of the granting of the guarantee by the New
Subordinated Guarantor under this Supplemental Indenture.

     4. Stamp Duty

     (i) Notices with respect to Austria. Each party agrees that it will
(a) only send notices and written references to this Supplemental Indenture or
the Indenture (each, a “Stamp Duty Sensitive Document”) to or from Austria
by email which does not contain the signature of any party (whether
manuscript or electronic, including, for the avoidance of doubt, the name of an
individual or other entity) and (b) not send fax or scanned copies of a signed
Stamp Duty Sensitive Document to or from Austria.

     (ii) Document to be Kept Outside Austria. No party shall bring or send
to or otherwise produce in Austria (a) an original copy, notarised copy or
certified copy of any Stamp Duty Sensitive Document, or (b) a copy of any
Stamp Duty Sensitive Document signed or endorsed by one or more parties
other than in the event that:

     (1) this does not cause a liability of a party to pay stamp duty in
Austria;

     (2) a party wishes to enforce any of its rights under or in connection
with such Stamp Duty Sensitive Document in Austria and is only able to do so
(including, without limitation, for reason of any objection or defence raised by
any party in any form of proceedings in Austria) by bringing, sending to or
otherwise producing in Austria (a) an original copy, notarised copy or certified
copy of the relevant Stamp Duty Sensitive Document or (b) a copy of any
Stamp Duty Sensitive Document signed or endorsed by one or more parties
and it would not be sufficient for that party to bring, send to or otherwise
produce in Austria a simple copy (i.e. a copy which is not an original copy,
notarised copy or certified copy) of the relevant Stamp Duty Sensitive
Document for the purposes of such enforcement. In connection with the
foregoing, each party agrees that in any form of proceedings in Austria simple
copies may be submitted by either party and undertakes to refrain from
(aa) objecting to the introduction into evidence of a simple copy of any Stamp
Duty Sensitive Document or raising a defence to any action or to the exercise
of any remedy for the reason of an original or certified copy of any Stamp
Duty Sensitive Document not having been introduced into evidence, unless
such simple copy actually introduced into evidence does not accurately reflect

 

 

the content of the original document and (bb) contesting the authenticity
(“Echtheit”) of a simple copy of any such Stamp Duty Sensitive Document
before an Austrian court or authority, unless such simple copy does not
accurately reflect the content of the original document; or

     (3) a party is required by law, governmental body, court, authority or
agency pursuant to any law or legal requirement (whether for the purposes of
initiating, prosecuting, enforcing or executing any claim or remedy or
enforcing any judgment or otherwise), to bring an original, notarised copy or
certified copy of any Stamp Duty Sensitive Document into Austria.

     5. Notices. All notices or other communications to the New
Subordinated Guarantor shall be given as provided in Section 13.02 of the
Indenture.

     6. Ratification of Indenture; Supplemental Indentures Part of
Indenture. Except as expressly amended hereby, the Indenture is in all
respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect. This Supplemental Indenture
shall form a part of the Indenture for all purposes, and every holder of
Securities heretofore or hereafter authenticated and delivered shall be bound
hereby.

     7. Governing Law. THIS SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO PRINCIPLES OF CONFLICTS OF LAW. The Issuer and
the New Subordinated Guarantor irrevocably and unconditionally:

	(a)	 	agree that any legal suit, action or proceeding against the Issuer or the New
Subordinated Guarantor arising out of or based upon this Supplemental
Indenture, the Indenture, the Securities or any Subordinated Guarantee or the
transactions contemplated hereby may be instituted in any U.S. Federal or
state court in the Borough of Manhattan, The City of New York, and courts of
its own corporate domicile to the extent it is a defendant; and
	 
	(b)	 	waive, to the fullest extent they may effectively do so, any objection which
they may now or hereafter have to the laying of venue of any such proceeding.

     8. Trustee Makes No Representation. The Trustee shall not be
responsible in any manner whatsoever for or in respect of the recitals
contained herein, all of which recitals are made solely by the Issuer and the

 

 

New Subordinated Guarantor. Furthermore, the Trustee makes no
representation as to the validity or sufficiency of this Supplemental Indenture.

     9. Counterparts. The parties may sign any number of copies of
this Supplemental Indenture. Each signed copy shall be an original, but all of
them together represent the same agreement.

     10. Effect of Headings. The Section headings herein are for
convenience only and shall not effect the construction thereof.

 

 

     IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	SIG COMBIBLOC GMBH,

 	 
	 	By:  	/s/
Philip West 	 
	 	 	Name:  	Philip West 	 
	 	 	Title:  	Attorney 	 
	 
	 	THE BANK OF NEW YORK

MELLON, as Trustee,

 	 
	 	By:  	/s/ Paul Cattermole	 
	 	 	Name:  	Paul Cattermole	 
	 	 	Title:  	Vice President	 
	 
	 	BEVERAGE PACKAGING

HOLDINGS (LUXEMBOURG) II S.A.,

 	 
	 	By:  	/s/
Philip West 	 
	 	 	Name:  	Philip West 	 
	 	 	Title:  	Authorised Signatory

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}]]