Document:

EX-4.22

 Exhibit 4.22 

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT. CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY
WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. 
 Deed of Amendment 

HSBC Facility Agreement 
  

			
	Date	  	  
 21 December 2012

		
	Parties	  	  
 Sims Metal Management Limited

ABN 69 114 838 630 of ‘Sir Joseph Banks Corporate Park’, Suite 3, Level 2, 32 Lord Street Botany NSW 2019 Australia (Sims)

and each other entity listed in Schedule 1 as a borrower and in Schedule 2 as a guarantor (each a Transaction Party and together the
Transaction Parties)

		
		  	 HSBC Bank Australia Limited
 ABN 48 006
434 162 of Level 31, 580 George Street Sydney New South Wales 2000, Australia

		
		  	 HSBC Bank plc
 of City Corporate Banking
Centre, 60 Queen Victoria Street, London, EC4N 4TR United Kingdom

		
		  	 HSBC Bank USA, National Association
 of
452 Fifth Avenue, New York, New York 10018 USA

		
		  	 The Hongkong and Shanghai Banking Corporation Limited

ABN 65 117 925 970 of Level 10, 1 Queens Road, Central Hong Kong

		
		  	(each of the foregoing banks and financial institutions together, the Lenders)

  
  

Recitals 
  

	A	Under the Facility Agreement, the Lenders have granted certain facilities to the Borrowers. 

  

	B	At the request of Sims, the parties to the Facility Agreement have agreed to amend the Facility Agreement and extend the Termination Date as set out in this Deed. 

Operative provisions 
  

 
  

	1.	Definitions and Interpretation 

  

	1.1	The following definitions apply in this Deed: 

 Borrower has the meaning given to
it in the Facility Agreement. 

  
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[*] Confidential Treatment Requested 

 Common Terms Deed means the “Common Terms Deed” of that title dated
23 June 2011, as amended, between, amongst others, Sims, each party listed in Part 1 of Schedule 1 of that deed as Original Borrowers, each party listed in Part 2 of Schedule 1 of that deed as Original Guarantors and the Lenders. 

Facility Agreement means the “Multi Option Facility Agreement” of that title dated 3 December 2003, as amended
and restated on 6 December 2005, 26 June 2008, 2 November 2009, 12 May 2010, 7 October 2010 and most recently on 23 June 2011 between, amongst others, Sims and the Lenders. 

Transaction Documents has the meaning given to it in the Facility Agreement. 

 

	1.2	Capitalised terms used in this Deed have the same meaning as in the Facility Agreement (as amended by this Deed) or the Common Terms Deed, unless otherwise defined in this Deed. 

 

	1.3	Clause 1.3 of the Common Terms Deed applies to this Deed as if set out in full in this Deed and all references to this deed were references to this Deed. 

 

	2.	Amendment 

  

	2.1	The parties to this Deed agree that the Facility Agreement is amended, with effect from the date of this Deed, as follows: 

Paragraphs (a), (b) and (c) of clause 9 of the Facility Agreement are deleted and replaced with the following: 

 

	 	(a)	Sims may, by notice in writing to the Lenders at least 20 Business Days prior to the then current Termination Date (Current Termination Date) or such other period as the Lenders may agree (in their sole and
absolute discretion), request an extension of the Termination Date by a further 12 months or such other period as Sims may require (Requested Period). 

  

	 	(b)	Following receipt of a request from Sims under clause 9(a), the Lenders shall, prior to the Current Termination Date, notify Sims if they agree (in their sole and absolute discretion) to an extension of the Termination
Date by the Requested Period. 

  

	 	(c)	If the Lenders agree to an extension of the Termination Date under clause 9(b): 

  

	 	(i)	the Termination Date in any fee letter will be deemed on and from the Current Termination Date to be extended by the Requested Period; and 

 

	 	(ii)	[*]. 

  

	3.	Extension of Termination Date [*] 

  

	3.1	The parties to this Deed agree that, with effect from the date of this Deed, the Termination Date is 30 October 2015. 

  

	3.2	[*] 

  
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[*] Confidential Treatment Requested 

	3.3	For the avoidance of doubt, the Lenders acknowledge and agree that: 

  

	 	(a)	in respect of the extension of the Termination Date from 23 June 2014 to 23 June 2015 (the 12 Month Extension) effected under the fee letter dated 22 June 2012 between Sims and the Lenders
[*] 

  

	 	(b)	[*] 

  

	4.	References to Facility Agreement 

  

	4.1	Every reference in the Transaction Documents to the Facility Agreement is to be construed as a reference to the Facility Agreement as amended by this Deed. Any reference to this Agreement, in this
Agreement, of this Agreement or words to the same effect in the Facility Agreement will be construed as a reference to the Facility Agreement as amended by this Deed. 

 

	5.	Confirmation 

  

	5.1	Subject to the provisions of this Deed, the Facility Agreement is confirmed and remains in full force and effect. This Deed and the Facility Agreement will be read and construed as one document. 

 

	6.	Acknowledgement and agreement 

  

	6.1	Each Transaction Party acknowledges and agrees that: 

  

	 	(a)	each Guarantee provided by it to a Lender continues in full force and effect to guarantee and secure the payment of the Outstanding Moneys due to that Lender as that obligation has been extended by the Deed;

  

	 	(b)	its respective liabilities and obligations under the Facility Agreement and the Common Terms Deed are not released, reduced or diminished by the extension of the Termination Date under the Facility Agreement to
30 October 2015; 

  

	 	(c)	nothing in this Deed prejudices or otherwise adversely affects any power of a Lender or any obligation or liability of any Transaction Party to the Lenders, with respect to anything done or effected or otherwise arising
before the date of this Deed; and 

  

	 	(d)	the Lenders are relying on this Deed in continuing to provide financial accommodation to the Borrowers and in agreeing to the extension of the Termination Date under the Facility Agreement. 

 

	7.	General Provisions 

  

	7.1	This Deed is a Transaction Document in respect of the Lenders for the purposes of the Facility Agreement and a “Transaction Document” (as defined in the Common Terms Deed) in respect of the Lenders for the
purposes of the definition of “Transaction Document” in clause 1.2 of the Common Terms Deed. 

  

	7.2	This Deed is governed by the laws of New South Wales. Each Transaction Party irrevocably submits to the non-exclusive jurisdiction of the courts of New South Wales. 

 

	7.3	This Deed may be executed and delivered in counterparts (including by facsimile, telecopy or other electronic imaging means of transmission), each of which will be deemed an original. All counterparts, taken together,
constitute one instrument. 

  

	7.4	Each of the attorneys executing this Deed states that the attorney has no notice of the revocation of the power of attorney appointing that attorney. 

  
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[*] Confidential Treatment Requested 

 Schedule 1 
 Borrowers

  
  

 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	
Australian Borrowers
  

	Sims Group Australia Holdings Limited	  	ABN 37 008 634 526	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	ACT, Australia
	Sims Metal Management Limited	  	ABN 69 114 838 630	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	
Australian Trade Borrowers
  

	Sims Group Australia Holdings Limited	  	ABN 37 008 634 526	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	ACT, Australia
	Sims Metal Management Limited	  	ABN 69 114 838 630	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	
UK Borrowers
  

	Sims Group UK Holdings Limited	  	2904307	  	 Long Marston Stratford-Upon-Avon
 Warwickshire CV37 8AQ

United Kingdom
	  	United Kingdom
	Sims Group UK Limited	  	3242331	  	 Long Marston Stratford-Upon-Avon Warwickshire CV37 8AQ
 United Kingdom
	  	United Kingdom
	Mirec BV	  	17073024	  	Hastelweg 251, 5652CV, Eindhoven, The Netherlands	  	The Netherlands
	Sims Metal Management Asia Limited (formerly known as Sims Asia Holdings Limited)	  	30512	  	 Rm 5501-03, 55th Floor,

Hopewell Centre, 183
 Queen’s Road East,

Wanchai, Hong Kong
	  	Hong Kong

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Sims F E Mottram Limited	  	7732913	  	 Oakes Green, Stevenson Road, Sheffield, South

Yorkshire, S9 3WS
 United Kingdom
	  	United Kingdom
	Sims Recycling Solutions NV	  	0566198430	  	Europark Noord 32, 9100 Sint-Niklaas, Belgium	  	Belgium
	
US Trade Borrower
  

	Sims Group Global Trade Corporation	  	4301720	  	 c/o Corporation Service Company, 2711

Centerville Road, Suite
 400, Wilmington, DE

19808 USA
	  	Delaware, USA
	
US Borrowers
  

	Sims Group USA Corporation	  	2142439	  	 c/o Corporation Service Company, 2711

Centerville Road, Suite
 400, Wilmington, DE

19808 USA
	  	Delaware, USA
	Metal Dynamics Detroit LLC	  	4333336	  	 c/o Corporation Service Company, 2711

Centerville Road, Suite
 400 Wilmington, DE

19808 USA
	  	Delaware, USA
	SMM South Corporation (formerly known as Metal Management Alabama, Inc.)	  	2862098	  	 c/o Corporation Service Company, 2711

Centerville Road, Suite
 400, Wilmington, DE

19808 USA
	  	Delaware, USA
	Metal Management Arizona, L.L.C.	  	L-0770756-4	  	 c/o Corporation Service Company, 2338 W. Royal

Palm Road, Suite J
 Phoenix, AZ 85016 USA
	  	Arizona, USA
	SMM New England Corporation (formerly known as Metal Management Connecticut, Inc.)	  	2891658	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	Metal Management Memphis, L.L.C.	  	290657	  	c/o Corporation Service Company, 2908 Poston Avenue, Nashville, TN 37203 USA	  	Tennessee, USA

  
 5 

[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Metal Management Midwest, Inc.	  	45013235	  	c/o Illinois Corporation Service Company, 801 Adlai Stevenson Drive, Springfield, IL 62703 USA	  	Illinois, USA
	Metal Management Northeast, Inc.	  	6385301000	  	c/o Corporation Service Company, 830 Bear Tavern Road, West Trenton, NJ 08628 USA	  	New Jersey, USA
	Metal Management Ohio, Inc.	  	311795	  	c/o CSC-Lawyers Incorporating Service (Corporation Service Company), 50 W. Broad St, Suite 1800, Columbus, OH 43215 USA	  	Ohio, USA
	Metal Management, Inc.	  	2092869	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	Proler Southwest Corporation (formerly known as Proler Southwest LP)	  	801527602	  	c/o CSC-Lawyers Incorporating Service Company (Corporation Service Company), 211 East 7th Street, Suite 620, Austin, TX 78701 USA	  	Texas, USA
	Sims Recycling Solutions Holdings Inc. (formerly known as Sims Recycling Solutions, Inc.)	  	58166146	  	c/o Illinois Corporation Service Company, 801 Adlai Stevenson Drive, Springfield, IL 62703 USA	  	Illinois, USA
	Sims Recycling Solutions, Inc. (formerly known as United Refining & Smelting Co)	  	33803630	  	c/o Illinois Corporation Service Company, 801 Adlai Stevenson Drive, Springfield, IL 62703 USA	  	Illinois, USA
	SMM Southeast LLC	  	5032857	  	 c/o Corporation Service Company, 2711 Centerville , Road, Suite
400,
 Wilmington, DE 19808 USA
	  	Delaware, USA

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Sims Metal Management USA GP	  	4552382	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	Sims Group Recycling Solutions Canada Ltd.	  	BC0782662	  	1200-999 West Hastings Street, Vancouver, British Columbia V6C 2W2, Canada	  	Canada
	
HK Trade Borrower
  

	Sims Metal Management Asia Limited (formerly known as Sims Asia Holdings Limited)	  	30512	  	Rm 5501-03, 55th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong	  	Hong Kong
	
German Borrowers
  

	Sims Group German Holdings GmbH	  	HRB 5861, Amtsgericht Hamm	  	Rathenaustrasse 10, 59192 Bergkamen, Germany	  	Germany
	Sims M+R GmbH	  	HRB 5094, Amtsgericht Hamm	  	Rathenaustrasse 10, 59192 Bergkamen, Germany	  	Germany

  
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 Schedule 2 
 Guarantors

  
  

 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	
Australia
  

	Simsmetal Properties QLD Pty Limited (formerly known as Sims Energy Pty Limited)	  	ABN 42 009 667 752	  	 ‘Sir Joseph Banks

Corporate Park’ Suite 3 Level 2
 32 Lord Street

Botany NSW 2019
 Australia
	  	QLD, Australia
	Sims Group Australia Holdings Limited	  	ABN 37 008 634 526	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	ACT, Australia
	Sims Metal Management Limited	  	ABN 69 114 838 630	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	Sims Industrial Pty Limited	  	ABN 95 000 090 479	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	NSW, Australia
	Simsmetal Properties NSW Pty Limited (formerly known as Sims Manufacturing Pty Limited)	  	ABN 13 004 332 870	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	Simsmetal Holdings Pty. Ltd.	  	ABN 97 000 021 563	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	NSW, Australia
	Simsmetal Services Pty. Limited	  	ABN 76 000 166 987	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	NSW, Australia
	Sims Aluminium Pty Limited	  	ABN 93 004 370 905	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street Botany NSW 2019 Australia
	  	VIC, Australia

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Sims Group Holdings 1 Pty Ltd	  	ABN 93 131 170 735	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	Sims Group Holdings 2 Pty Ltd	  	ABN 14 131 170 780	  	 ‘Sir Joseph Banks Corporate Park’ Suite 3 Level 2

32 Lord Street
 Botany NSW 2019

Australia
	  	VIC, Australia
	
United Kingdom
  

	Sims Group UK Holdings Limited	  	2904307	  	 Long Marston

Stratford-on-Avon

Warwickshire CV37 8AQ
 United Kingdom
	  	United Kingdom
	Sims Group UK Limited	  	3242331	  	 Long Marston

Stratford-on-Avon

Warwickshire CV37 8AQ
 United Kingdom
	  	United Kingdom
	Sims F E Mottram Limited	  	7732913	  	 Oakes Green, Stevenson Road, Sheffield, South Yorkshire, S9 3WS

United Kingdom
	  	United Kingdom
	
The Netherlands
  

	Mirec BV	  	17073024	  	Hastelweg 251, 5652CV, Eindhoven, The Netherlands	  	The Netherlands
	
New Zealand
  

	Simsmetal Industries Limited	  	3597	  	James Fletcher Drive Otahuhu, Auckland, New Zealand	  	New Zealand
	
Sweden
  

	Sims Recycling Solutions AB	  	556606-4381	  	Karosserigatan 6 641 51 Katrineholm Sweden	  	Sweden
	
Germany
  

	Sims Group German Holdings GmbH	  	HRB 5861, Amtsgericht Hamm	  	Rathenaustrasse 10, 59192 Bergkamen, Germany	  	Germany

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Sims M+R GmbH	  	HRB 5094, Amtsgericht Hamm	  	Rathenaustrasse 10, 59192 Bergkamen, Germany	  	Germany
	
Belgium
  

	Sims Recycling Solutions NV	  	0566198430	  	Europark Noord 32, 9100 Sint-Niklaas, Belgium	  	Belgium
	
Hong Kong
  

	Sims Metal Management Asia Limited (formerly known as Sims Asia Holdings Limited)	  	30512	  	Rm 5501-03, 55th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong	  	Hong Kong
	Sims Metal Management China Holdings Limited	  	1587052	  	Rm 5501-03, 55th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong	  	Hong Kong
	Sims Metal Management Dragon Holdings Limited	  	1697245	  	Rm 5501-03, 55th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong	  	Hong Kong
	
Canada
  

	Sims Group Recycling Solutions Canada Ltd.	  	BC0782662	  	1200-999 West Hastings Street, Vancouver, British Columbia V6C 2W2, Canada	  	Canada
	Sims Group Canada Holdings Limited	  	CO736336	  	Suite 2300, Bentall 5, 550 Burrard Street, Box 30, Vancouver, British Columbia V6C 2B5, Canada	  	Canada
	
United States of America
  

	Sims Group USA Corporation	  	2142439	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	CIM Trucking, Inc.	  	58465763	  	c/o Illinois Corporation Service Company, 801 Adlai Stevenson Drive Springfield, IL 62703 USA	  	Illinois, USA
	Metal Dynamics Detroit LLC	  	4333336	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400 Wilmington, DE 19808 USA	  	Delaware, USA

  
 10 

[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	SMM Gulf Coast LLC (formerly known as TH Properties LLC)	  	4333340	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	SMM South Corporation (formerly known as Metal Management Alabama, Inc.)	  	2862098	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	Metal Management Arizona, L.L.C.	  	L-0770756-4	  	c/o Corporation Service Company, 2338 W. Royal Palm Road, Suite J Phoenix, AZ 85016 USA	  	Arizona, USA
	SMM New England Corporation (formerly known as Metal Management Connecticut, Inc.)	  	2891658	  	c/o Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 USA	  	Delaware, USA
	Metal Management Indiana, Inc.	  	52338824	  	c/o Prentice Hall Corporation, 801 Adlai Stevenson Drive, Springfield, IL 62703 USA	  	Illinois, USA
	Metal Management Memphis, L.L.C.	  	290657	  	 c/o Corporation Service Company,

2908 Poston Avenue,
 Nashville, TN 37203 USA
	  	Tennessee, USA
	Metal Management Midwest, Inc.	  	45013235	  	 c/o Illinois Corporation Service Company,

801 Adlai Stevenson Drive,
 Springfield, IL 62703 USA
	  	Illinois, USA
	Metal Management Northeast, Inc.	  	6385301000	  	c/o Corporation Service Company, 830 Bear Tavern Road, West Trenton, NJ 08628	  	New Jersey, USA

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Metal Management Ohio, Inc.	  	311795	  	 c/o CSC-Lawyers Incorporating Service (Corporation Service
Company),
 50 W. Broad St, Suite 1800,
 Columbus, OH 43215
USA
	  	Ohio, USA
	Metal Management Pittsburgh, Inc.	  	2916254	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	SMM – North America Trade Corporation	  	2183485	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Metal Management, Inc.	  	2092869	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Naporano Iron & Metal, Inc.	  	3112018	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	New York Recycling Ventures, Inc.	  	4261166	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Proler Southwest Corporation (formerly known as Proler Southwest LP)	  	801527602	  	c/o CSC-Lawyers Incorporating Service Company (Corporation Service Company), 211 East 7th Street, Suite 620, Austin, TX 78701 USA	  	Texas, USA
	Reserve Iron & Metal Limited Partnership	  	2242022	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Schiabo Larovo Corporation	  	4301722	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Sims Group Global Trade Corporation	  	4301720	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Sims Group USA Holdings Corporation	  	4041048	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Sims Municipal Recycling of New York LLC	  	4468240	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Sims Recycling Solutions Holdings Inc. (formerly known as Sims Recycling Solutions, Inc.)	  	58166146	  	 c/o Illinois Corporation Service Company,

801 Adlai Stevenson Drive,
 Springfield, IL 62703 USA
	  	Illinois, USA
	Simsmetal East LLC	  	4304667	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Simsmetal West LLC	  	4304664	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Sims Recycling Solutions, Inc. (formerly known as United Refining & Smelting Co)	  	33803630	  	 c/o Illinois Corporation Service Company,

801 Adlai Stevenson Drive,
 Springfield, IL 62703 USA
	  	Illinois, USA
	Port Albany Ventures LLC	  	3875096	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA

  
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[*] Confidential Treatment Requested 

							
	Company Name	  	Registered Number	  	Registered Office	  	 Place of

Incorporation
  

	Metal Management Aerospace, Inc.	  	2814185	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	Sims Metal Management USA GP	  	4552382	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA
	SMM Southeast LLC	  	5032857	  	 c/o Corporation Service Company,

2711 Centerville Road, Suite 400,
 Wilmington, DE 19808
USA
	  	Delaware, USA

  
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[*] Confidential Treatment Requested 

 Executed as a deed. 
  

			
		 	Sims
		
		 	 Executed by
 Sims Metal Management Limited

for itself and as attorney for each

other Transaction Party pursuant
 to clause 15.2 of
the
 Common Terms Deed

in accordance with section 127(1) of the
 Corporations Act
2001 (Cth)
 by a director and secretary/director:

		
	 sign here u
	 	 /s/ Frank Moratti

		 	Company Secretary/Director
		
	 print name
	 	 Frank Moratti

		
	 sign here u
	 	 /s/Daniel W. Dienst

		 	Director
		
	 print name
	 	 Daniel W. Dienst

  
  

  
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[*] Confidential Treatment Requested 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank Australia
Limited
 by its attorney

		
	 sign here u
	 	 /s/ Robert Agati

		 	Attorney
		
	 print name
	 	 Robert Agati

		
		 	in the presence of
		
	 sign here u
	 	 /s/Sangeeta Lopes

		 	Witness
		
	 print name
	 	 Sangeeta Lopes

  
  

  
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[*] Confidential Treatment Requested 

			
		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank plc

by its attorney

		
	 sign here u
	 	 /s/ Martin Briddon

		 	Attorney
		
	 print name
	 	 Martin Briddon

		
		 	in the presence of
		
	 sign here u
	 	 /s/ Adam Spicer

		 	Witness
		
	 print name
	 	 Adam Spicer

  
  

  
 17 

[*] Confidential Treatment Requested 

			
		 	Lender
		
		 	 Signed sealed and delivered for

HSBC Bank USA, National Association
 by its authorised
signatory

		
	 sign here u
	 	 /s/ Randolph Cates

		 	Authorised signatory
		
	 print name
	 	 Randolph Cates

		
		 	in the presence of
		
	 sign here u
	 	 /s/ Charlotte Scythes

		 	Witness
		
	 print name
	 	  
 Charlotte Scythes

  
  

  
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[*] Confidential Treatment Requested 

					
		 	Lender	 	
		
		 	 Signed sealed and delivered for

The Hongkong and Shanghai Banking Corporation Limited

by its attorney

			
	 sign here u
	 	 /s/ Aby Wat Nga Yi
	 	
		 	Attorney	 	
			
	 print name
	 	 Aby Wat Nga Yi
	 	
			
		 	in the presence of	 	
			
	 sign here u
	 	 /s/Lee Sai Chau
	 	
		 	Witness	 	
			
	 print name
	 	 Lee Sai Chau
	 	

  
  

  
 19 

[*] Confidential Treatment RequestedEX-4.23

 Exhibit 4.23 

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT. CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY
WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. 
 Deed of Amendment and Waiver 

Common Terms Deed 
  

			
	Date	  	28 June 2013
		
	Parties	  	 Sims Metal Management Limited
 ABN 69
114 838 630 of Sir Joseph Banks Corporate Park, Suite 3, Level 2 32-34 Lord Street Botany New South Wales 2019, Australia (Sims)
 and each
other Transaction Party under the Common Terms Deed (defined below)

		
		  	 Bank of America, N.A.
 of 800 5th
Avenue – FL 36, Seattle, WA 98104, United States of America

		
		  	 Commonwealth Bank of Australia
 ABN 48
123 123 124 of Level 21, Darling Park Tower 1, 201 Sussex Street, Sydney, New South Wales 2000, Australia

		
		  	 HSBC Bank Australia Limited
 ABN 48
006 434 162 of Level 31, 580 George Street Sydney New South Wales 2000, Australia

		
		  	 HSBC Bank plc
 of City Corporate
Banking Centre, 60 Queen Victoria Street, London, EC4N 4TR, United Kingdom

		
		  	 HSBC Bank USA, National Association

of 452 Fifth Avenue, New York, New York 10018, United States of America

		
		  	 The Hongkong and Shanghai Banking Corporation Limited

ABN 65 117 925 970 of Level 10, 1 Queens Road, Central Hong Kong

		
		  	 Westpac Banking Corporation
 ABN 33
007 457 141 of Level 3, 275 Kent Street Sydney New South Wales 2000, Australia

		
		  	(each of the foregoing banks and financial institutions is a Lender and together the Lenders)

  
  

Recitals 
  

	A	The parties have entered into the Common Terms Deed dated 23 June 2011, as amended (Common Terms Deed), between, amongst others, Sims, each party listed in Part 1 of Schedule 1 of that deed as
Original Borrowers, each party listed in Part 2 of Schedule 1 of that deed as Original Guarantors and the Lenders. 

  

	B	The parties have agreed to: 

  

	 	(a)	Sims making the EBITDA adjustments as set out in this Deed; and 

  
 
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	 	(b)	amend clause 4.17 (Financial undertakings) of the Common Terms Deed as set out in this Deed. 

  

	C	The Lenders agree to give a waiver in respect of clause 4.18(a)(1)(B) (Guarantors) of the Common Terms Deed on the terms set out in this Deed. 

Operative provisions 
  

 
  

	1.	Definitions and Interpretation 

  

	1.1	Capitalised terms in this Deed have the meaning given in the Common Terms Deed unless otherwise defined in this Deed. 

  

	1.2	Clause 1.3 (Interpretation) of the Common Terms Deed applies to this Deed as if set out in full in this Deed and all references to this deed were references to this Deed. 

 

	2.	EBITDA adjustment items 

  

	2.1	The definition of EBITDA in clause 1.2 (Definitions) of the Common Terms Deed requires that for the purposes of calculating EBITDA, the calculation will be adjusted to exclude, among other things:

  

	 	(a)	any significant non-cash items or items disclosed as required by AASB 101.97 and AASB 101.98 due to their size or nature (or by the corresponding provisions of future revisions of this accounting standard) that are of a
non-recurring nature, including losses or gains on the revaluation of assets; 

  

	 	(b)	significant unrealised losses that are of a non-recurring nature; and 

  

	 	(c)	any other significant non-cash items or items, including but not limited to write downs of inventory to net realisable value, that are of a non-recurring nature. 

 

	2.2	In respect of the definition of EBITDA, Sims notifies each Lender of the following items that Sims considers would fall within the adjustments to EBITDA referred to in clause 2.1(a) above for the financial year ending
on 30 June 2013: 

  

	    	[*] 

  

	2.3	The net effect of the adjustment items referred to in clause 2.2 above would be to increase EBITDA (as it will be disclosed in the Sims Group’s audited consolidated annual Financial Reports for the Calculation
Period ending on 30 June 2013) by approximately [*]. The Lenders agree to Sims increasing EBITDA by approximately such amount. 

  
 
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	2.4	In respect of the definition of EBITDA, Sims notifies each Lender of the following item that, if it arises, Sims considers would fall within the adjustment to EBITDA referred to in clause 2.1(b) above for the financial
year ending on 30 June 2013: 

  

	    	[*] 

  

	2.5	[*] The Lenders agree to Sims increasing EBITDA (as it will be disclosed in the Sims Group’s audited consolidated annual Financial Reports for the Calculation Period ending on 30 June 2013) by the amount of
[*]. 

  

	2.6	The net effect of the adjustment items referred to in clause 2.4(b) would be to increase EBITDA (as it will be disclosed in the Sims Group’s audited consolidated annual Financial Reports for the Calculation
Period ending on 30 June 2013) by approximately [*]. The Lenders agree to Sims increasing EBITDA by approximately such amount. 

  

	2.7	In respect of the definition of EBITDA, Sims notifies each Lender of the following items [*] that Sims considers would fall within the adjustments to EBITDA referred to in clause 2.1(a) above for the financial year
ending on 30 June 2013: 

  

	    	[*] 

  

	2.8	In respect of the definition of EBITDA, Sims notifies each Lender of the following item [*] that Sims considers would fall within the adjustments to EBITDA referred to in clause 2.1(c) above for the financial year
ending on 30 June 2013: 

  

	    	[*] 

  

	2.9	The net effect of the adjustment items referred to in clauses 2.7 and 2.8 above would be to increase EBITDA (as it will be disclosed in the Sims Group’s audited consolidated annual Financial Reports for the
Calculation Period ending on 30 June 2013) by approximately [*]. The Lenders agree to Sims increasing EBITDA by approximately such amount. 

  
 
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	2.10	The definition of EBITDA contemplates that the foregoing adjustments to EBITDA will be agreed by the Lenders and Sims in writing prior to the end of the applicable Calculation Period. 

 

	2.11	In addition to the foregoing, as a result of Sims’ ongoing audit process, the auditor of the Sims Group may require further negative adjustments to EBITDA for the financial year ending on 30 June 2013
(Negative Adjustments). At this stage it is not possible for Sims to ascertain or quantify the Negative Adjustments. However, to the extent that the auditor of the Sims Group requires the Negative Adjustments to be reflected in EBITDA
for that period and the Negative Adjustments would fall within the adjustments contemplated by the definition of EBITDA in clause 1.2 of the Common Terms Deed, the Lenders agree to Sims increasing EBITDA in the amount of the Negative Adjustments,
provided that such amount will not exceed [*], for the purpose of compliance with the Common Terms Deed. 

  

	3.	[*] 

  

	3.1	[*] 

  

	4.	Guarantor EBITDA covenant waiver 

  

	4.1	Clause 4.18(a)(1)(B) of the Common Terms Deed requires that, unless a Lender otherwise agrees in writing with Sims that this clause does not apply to such Lender, each Transaction Party must ensure that the Guarantors
(excluding any German Guarantors) will generate at least 80% of the EBITDA for each Calculation Period ending on a Calculation Date. 

  

	4.2	In connection with clause 4.18(a)(1)(B) of the Common Terms Deed, for the Calculation Period ending on 30 June 2013 Sims and the Lenders agree that, to the extent that the Guarantors (excluding any German
Guarantors) generate less than 80% of the EBITDA for that Calculation Period but in any event 75% or more of the EBITDA for that Calculation Period, the Transaction Parties will not be in breach of clause 4.18(a)(1)(B) of the Common Terms Deed and
no Default will arise under the Transaction Documents as a consequence. 

  

	5.	Tangible Net Worth covenant amendment 

  

	5.1	The parties to this Deed agree that the Common Terms Deed is amended, with effect from the date of this Deed, as follows: 

  

	 	(a)	paragraph (3) of clause 4.17(a) of the Common Terms Deed is deleted and replaced with the following: 

  

	 	“(3)	other than the Calculation Dates falling on 30 June 2013, 31 December 2013 and 30 June 2014, Tangible Net Worth must not be less than A$1,500,000,000.”; and 

 

	 	(b)	a new paragraph (c) is inserted into clause 4.17 of the Common Terms Deed immediately after paragraph (b) of that clause as follows: 

 

	 	“(c)	Each Transaction Party must ensure that on the Calculation Dates falling on 30 June 2013, 31 December 2013 and 30 June 2014, Tangible Net Worth must not be less than A$1,300,000,000.”.

  

	6.	References to Common Terms Deed 

  

	6.1	Every reference in the Transaction Documents to the Common Terms Deed is to be construed as a reference to the Common Terms Deed as amended by this Deed. Any reference to this deed, in this
deed, of this deed, this agreement or words to the same effect in the Common Terms Deed will be construed as a reference to the Common Terms Deed as amended by this Deed. 

  
 
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	7.	Confirmation 

  

	7.1	Subject to the provisions of this Deed, the Common Terms Deed is confirmed and remains in full force and effect. For the purposes of the amendment set out in clause 5 above, this Deed and the Common Terms Deed will be
read and construed as one document. 

  

	8.	General 

  

	8.1	Each party to this Deed acknowledges and agrees that it has entered into this Deed for valuable consideration received from the other parties to this Deed, receipt of which is hereby acknowledged. 

 

	8.2	This Deed is a Transaction Document in respect of each Lender for the purposes of the Common Terms Deed and is governed by, and is to be construed in accordance with, the laws of New South Wales. Each Transaction Party
irrevocably submits to the non-exclusive jurisdiction of the courts of New South Wales. 

  

	8.3	This Deed may be executed and delivered in counterparts (including by facsimile, telecopy or other electronic imaging means of transmission), each of which will be deemed an original. All counterparts, taken together,
constitute one instrument. 

  

	8.4	All references in this Deed to EBITDA adjustment items denominated in Australian dollars are subject to change in the Sims Group Financial Reports for the financial year ending 30 June 2013 due to estimated amounts
being determined as actual amounts recorded and as a result of prevailing foreign currency exchange rates adopted by Sims. 

  

	8.5	Each of the attorneys executing this Deed states that the attorney has no notice of the revocation of the power of attorney appointing that attorney. 

  
 
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 Executed as a deed. 
  

			
		 	Sims
		
		 	 Executed by
 Sims Metal Management Limited

for itself and as attorney for each

other Transaction Party pursuant
 to clause 15.2 of
the
 Common Terms Deed
 in accordance with section 127(1) of the

Corporations Act 2001 (Cth)
 by a director and secretary/director:

		
	 sign here u
	 	 /s/ Frank Moratti

		 	Company Secretary/Director
		
	 print name
	 	 Frank Moratti

		
	 sign here u
	 	 /s/ Geoff Brunsdon

		 	Director
		
	 print name
	 	 Geoff Brunsdon

  
  

  
 
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		 	Lender
		
		 	 Executed by
 Bank of America, N.A.

by its duly Authorised Officer in the
 presence of:

		
	 sign here u
	 	 /s/ Heidi Green

		 	Authorised Officer
		
	 print name
	 	 Heidi Green

		
	 print title
	 	 Vice President

		
		 	in the presence of
		
	 sign here u
	 	 /s/ Deborah J. Amcio

		 	Witness
		
	 print name
	 	 Deborah J. Amcio

  
  

  
 
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		 	Lender
		
		 	 Signed sealed and delivered for
 Commonwealth Bank of
Australia
 by its attorney

		
	 sign here u
	 	 /s/ Natalie Dundovic

		 	Attorney
		
	 print name
	 	 Natalie Dundovic

		
		 	in the presence of
		
	 sign here u
	 	 /s/Annette Tomoski

		 	Witness
		
	 print name
	 	 Annette Tomoski

  
  

  
 
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		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank Australia
Limited
 by its attorney

		
	 sign here u
	 	 /s/ Robert Agati

		 	Attorney
		
	 print name
	 	 Robert Agati

		
		 	in the presence of
		
	 sign here u
	 	 /s/Elin Schwarzenecker

		 	Witness
		
	 print name
	 	 Elin Schwarzenecker

  
  

  
 
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		 	Lender
		
		 	 Signed sealed and delivered for
 HSBC Bank plc

by its attorney

		
	 sign here u
	 	 /s/ Michael John Lacey

		 	Attorney
		
	 print name
	 	 Michael John Lacey

		
		 	in the presence of
		
	 sign here u
	 	 /s/Adam Spicer

		 	Witness
		
	 print name
	 	 Adam Spicer

  
  

  
 
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		 	Lender
		
		 	 Signed sealed and delivered for

HSBC Bank USA, National Association
 by its authorised
signatory

		
	 sign here u
	 	 /s/ Randolph Cates

		 	Authorised signatory
		
	 print name
	 	 Randolph Cates

		
		 	in the presence of
		
	 sign here u
	 	 /s/ Alexander Gutman

		 	Witness
		
	 print name
	 	 Alexander Gutman

  
  

  
 
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		 	Lender	 	
		
		 	 Signed sealed and delivered for

The Hongkong and Shanghai Banking Corporation Limited

by its attorney

			
	 sign here u
	 	 /s/ Candy Wong Wai Har
	 	
		 	Attorney	 	
			
	 print name
	 	 Candy Wong Wai Har
	 	
			
		 	in the presence of	 	
			
	 sign here u
	 	 /s/Ho Tan Ting Yuk Cindy
	 	
		 	Witness	 	
			
	 print name
	 	 Ho Tan Ting Yuk Cindy
	 	

  
  

  
 
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		 	Lender
		
		 	 Signed sealed and delivered for
 Westpac Banking
Corporation
 by its attorney

		
	 sign here u
	 	 /s/ Jeroen Nanninga

		 	Attorney
		
	 print name
	 	 Jeroen Nanninga

		
		 	in the presence of
		
	 sign here u
	 	 /s/ Lydia Harvey

		 	Witness
		
	 print name
	 	 Lydia Harvey

  
  

  
 
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