Document:

exv4w281

			
	 
	 	EXHIBIT 4.281

DATED 16 NOVEMBER 2010

CLOSURE SYSTEMS INTERNATIONAL (HONG KONG) LIMITED

AND

WILMINGTON TRUST (LONDON) LIMITED

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

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

 

 

THIS DEED is made the 16th day of November 2010

BETWEEN:

	(1)	 	CLOSURE SYSTEMS INTERNATIONAL (HONG KONG) LIMITED registered in Hong Kong with
company number 1184353 (the “Chargor”); and
	 
	(2)	 	WILMINGTON TRUST (LONDON) LIMITED in its capacity as additional collateral agent for
the Secured Parties appointed under the First Lien Intercreditor Agreement (the “Collateral
Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the debenture dated 25 February 2010 granted by the
Chargor in favour of the Collateral Agent (the “Debenture”) pursuant to both (i) a credit
agreement dated as of 5 November 2009 (as subsequently amended) between among others Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Reynolds Group
Holdings Limited, Closure Systems International BV, the other borrowers party thereto, the
lenders from time to time parties thereto, and Credit Suisse as administrative agent (the
“Credit Agreement”) and (ii) an indenture dated 5 November 2009 between Reynolds Group Escrow
LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent and collateral agent, as modified, amended or supplemented from
time to time (the “2009 Indenture”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 (as subsequently amended) between among others The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse as representative under
the credit agreement, Wilmington Trust (London) Limited as an additional Collateral Agent and
each grantor that are parties thereto, as subsequently amended (the “First Lien Intercreditor
Agreement”).
	 
	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement dated 30
September 2010 to amend the terms of the Credit Agreement (“Amendment No.3”).
	 
	(D)	 	Pursuant to an indenture (the “2010 Secured Notes Indenture”) dated 15 October 2010
and entered into between, among others, RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL
Escrow Issuer (Luxembourg) I S.A. (the “Escrow Issuers”) and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited as additional collateral agent, certain secured notes (the “2010
Secured Notes”) were issued by the Escrow Issuers. On or about the date of this agreement the
2010 Secured Notes shall be released from escrow and the obligations of the Escrow Issuers
shall be assumed by the issuers under the 2009 Indenture.
	 
	(E)	 	The obligations in respect of the 2010 Secured Notes and any Senior Secured Note
Documents (as defined therein) will be or have been designated as “Additional

 - 1 - 

 

	 	 	Obligations”
under, and in accordance with, section 5.02(c) of, the First Lien Intercreditor Agreement and
the 2010 Secured Notes Indenture and the Senior Secured Note Documents (as defined therein)
are therefore “Additional Agreements” under the First Lien Intercreditor Agreement (the
“Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the 2010 Secured Notes Indenture it is necessary
for the Chargor to make certain minor amendments to the Debenture, and enter into this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.
	 
	2.	 	With effect from the date of this Deed, the Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “2009 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “2009 Issuers” means the “Issuers” under, and as defined in, the 2009 Senior
Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “2010 Issuers” means the “Issuers” under, and as defined in, the 2010 Senior
Secured Notes Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “Escrow Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “Escrow Issuers” means RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow
Issuer (Luxembourg) I S.A., including their successors in interest. “
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Senior
Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	“ “2010 Senior Secured Notes Indenture” means the indenture dated 15 October 2010,
among the Escrow Issuers and The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, as amended, extended,
restructured, renewed, refunded, novated, supplemented, restated, replaced or
modified from time to time and to which the 2010 Issuers have or will become a
party as issuers by way of the Escrow Issuers merging into the 2010 Issuers.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the definition of “Senior Secured Note Indenture”
shall be deleted in its entirety and replaced with the following:

 - 2 - 

 

	 	 	 	“ “2009 Senior Secured Notes Indenture” means the Indenture dated 5 November, 2009,
among the 2009 Issuers, the Note Guarantors (as defined therein) and The Bank of
New York Mellon, as trustee, principal paying agent, transfer agent and registrar,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time.”
	 
	 	(f)	 	Clause 5.3.2 (Further Advances) shall be deleted in its entirety and replaced
with the following:

	 	“5.3.2	 	 (a) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and
the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.

	 		 	(b) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to
be incorporated into this Debenture as if set out in this Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the Credit Agreement as amended by Amendment No.3 and to the obligations in respect
of the new Additional Agreements (as defined in the First Lien Intercreditor Agreement) as a
result of the Secured Notes Designation.
	 
	4.	 	This Deed is supplemental to and shall be construed as one with the Debenture and all
documents or instruments which are expressed to supplement the Debenture shall be construed
accordingly.
	 
	5.	 	This Deed may be executed in any number of counterparts, and by each party on separate
counterparts. Each counterpart is an original, but all counterparts shall together constitute
one and the same instrument. Delivery of a counterpart of this Deed by e-mail attachment or
telecopy shall be an effective mode of delivery.
	 
	6.	 	This Deed and all non-contractual obligations arising out of or in connection with it
shall be governed by and construed in accordance with Hong Kong law.
	 
	7.	 	For the avoidance of doubt, notwithstanding anything contained herein, each of the
protections, immunities, rights, indemnities and benefits conferred on the Collateral Agent
under the Debenture and the First Lien Intercreditor Agreement shall continue in full force
and effect and shall apply to this Deed as if set out in full herein.

 - 3 - 

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Chargor and understood by the
Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 	 	 	 	 

	The Chargor	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SIGNED, SEALED and DELIVERED)
	 	 	)	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	by 

	 	Pru Wyllie
 

	 	 	)	 	 	/s/ Pru Wyllie
	 	
	under power of attorney	 	 	)	 	 	 	 
	dated 6 October 2010
 

	 	) 
	 	 	 
	and thereby executed by	 	 	)	 	 	 	 	 
	CLOSURE SYSTEMS INTERNATIONAL	 	 	)	 	 	 	 	 
	(HONG KONG) LIMITED	 	 	)	 	 	 	 	 
	as its Deed in the presence of:	 	 	)	 	 	 	 	 

	 	 	 	 	 
	 	 	 
	 	     /s/ Karen Mower
 	 
	 	Name of witness: Karen Mower 	 
	 	Address of witness: Sydney, Australia 

Occupation of witness: Lawyer 	 

	 	 	 	 	 	 	 

	The Collateral Agent
	 	 	 	 	 	 
	Signed by

	 	 	)	 	 	 
	WILMINGTON TRUST (LONDON) LIMITED

	 	 	)	 	 	 

	 	 	 	 	 

	By:

	 	/s/ Michael Quinlan
	 	 
	 

	 	 	 	 
	Name:

	 	Michael Quinlan	 	 
	Address:

	 	6 Broad Street Place	 	 
	 

	 	London EC2M 7JH	 	 
	 

	 	United Kingdom	 	 
	Fax:

	 	+44 (0)20 7614 1122	 	 
	Attention:

	 	Elaine Lockhart	 	 

 - 4 -exv4w282

			
	
	 	EXHIBIT 4.282

DATED 16 NOVEMBER 2010

CLOSURE SYSTEMS INTERNATIONAL B.V.

AND

WILMINGTON TRUST (LONDON) LIMITED

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

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

 

THIS DEED is made the 16th day of November 2010

BETWEEN:

	(1)	 	CLOSURE SYSTEMS INTERNATIONAL B.V. a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid), incorporated under the laws of The
Netherlands, having its corporate seat (statutaire zetel) in Amsterdam, The Netherlands and
its registered address at Teleportboulevard 140, 1043 EJ Amsterdam, The Netherlands, Chamber
of Commerce registration number 34291082 (the “Chargor”); and
	 
	(2)	 	WILMINGTON TRUST (LONDON) LIMITED in its capacity as additional collateral agent
for the Secured Parties appointed under the First Lien Intercreditor Agreement (the
“Collateral Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the security over shares agreement dated 25 February
2010 granted by the Chargor in favour of the Collateral Agent (the “Share Charge”) pursuant to
both (i) a credit agreement dated as of 5 November 2009 (as subsequently amended) between
among others Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure
Systems International Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH,
Reynolds Group Holdings Limited, Closure Systems International BV, the other borrowers party
thereto, the lenders from time to time parties thereto, and Credit Suisse as administrative
agent (the “Credit Agreement”) and (ii) an indenture dated 5 November 2009 between Reynolds
Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent and collateral agent, as modified, amended or
supplemented from time to time (the “2009 Indenture”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 (as subsequently amended) between among others The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse as representative under
the credit agreement, Wilmington Trust (London) Limited as an additional Collateral Agent and
each grantor that are parties thereto, as subsequently amended (the “First Lien Intercreditor
Agreement”).
	 
	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement
dated 30 September 2010 to amend the terms of the Credit Agreement (“Amendment No.3”).
	 
	(D)	 	Pursuant to an indenture (the “2010 Secured Notes Indenture”) dated 15 October
2010 and entered into between, among others, RGHL US Escrow I Inc., RGHL US Escrow I LLC and
RGHL Escrow Issuer (Luxembourg) I S.A. (the “Escrow Issuers”) and The Bank of New York Mellon,
as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, certain secured notes (the
“2010 Secured Notes”) were issued by the Escrow Issuers. On or about the date of this
agreement the 2010 Secured Notes shall be 

 -1 -

 

	 	 	released from escrow and the obligations of the
Escrow Issuers shall be assumed by the issuers under the 2009 Indenture.

	(E)	 	The obligations in respect of the 2010 Secured Notes and any Senior Secured Note
Documents (as defined therein) will be or have been designated as “Additional Obligations”
under, and in accordance with, section 5.02(c) of the First Lien
Intercreditor Agreement and the 2010 Secured Notes Indenture and the Senior Secured Note
Documents (as defined therein) are therefore “Additional Agreements” under the First Lien
Intercreditor Agreement (the “Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the 2010 Secured Notes Indenture it is
necessary for the Chargor to make certain minor amendments to the Share Charge, and enter into
this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms
defined in the First Lien Intercreditor Agreement shall have the same meaning when used in
this Deed.
	 
	2.	 	With effect from the date of this Deed, the Share Charge shall be amended as
follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “2009 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	““2009 Issuers” means the “Issuers” under, and as defined in, the 2009 Senior
Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	““2010 Issuers” means the “Issuers” under, and as defined in, the 2010 Senior
Secured Notes Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “Escrow
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““Escrow Issuers” means RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow
Issuer (Luxembourg) I S.A., including their successors in interest.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Senior
Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““2010 Senior Secured Notes Indenture” means the indenture dated 15 October 2010,
among the Escrow Issuers and The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, as amended, extended,
restructured, renewed, refunded, novated, supplemented, 

 -2 -

 

	 	 	 	restated, replaced or
modified from time to time and to which the 2010 Issuers have or will become a
party as issuers by way of the Escrow Issuers merging into the 2010 Issuers.”

	 	(e)	 	In Clause 1.1 (Definitions) the definition of “Senior Secured Note
Indenture” shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““2009 Senior Secured Notes Indenture” means the Indenture dated 5 November, 2009,
among the 2009 Issuers, the Note Guarantors (as defined therein) and The Bank of
New York Mellon, as trustee, principal paying agent, transfer agent and registrar,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time.”
	 
	 	(f)	 	Clause 2.2(b) (Further Advances) shall be deleted in its entirety and
replaced with the following:

	 	“2.2(b)	 	(i) Subject to the terms of the Loan Documents, each 2009 Issuer may
issue Additional Notes (as defined in the 2009 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Agreement as if set out in this Agreement.
	 
	 		 	(ii) Subject to the terms of the Loan Documents, each 2010 Issuer may
issue Additional Notes (as defined in the 2010 Senior Secured Notes
Indenture) and the obligations in respect of such Additional Notes will be
deemed to be incorporated into this Agreement as if set out in this
Agreement.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Share
Charge shall continue in full force and effect as amended by this Deed and extends to the
obligations in respect of the Credit Agreement as amended by Amendment No.3 and to the
obligations in respect of the Additional Agreements (as defined in the First Lien
Intercreditor Agreement) as a result of the Secured Notes Designation.
	 
	4.	 	This Deed is supplemental to and shall be construed as one with the Share Charge
and all documents or instruments which are expressed to supplement the Share Charge shall be
construed accordingly.
	 
	5.	 	This Deed may be executed in any number of counterparts, and by each party on
separate counterparts. Each counterpart is an original, but all counterparts shall together
constitute one and the same instrument. Delivery of a counterpart of this Deed by e-mail
attachment or telecopy shall be an effective mode of delivery.
	 
	6.	 	This Deed and all non-contractual obligations arising out of or in connection with
it shall be governed by and construed in accordance with Hong Kong law.

 -3 -

 

	7.	 	For the avoidance of doubt, notwithstanding anything contained herein, each of the
protections, immunities, rights, indemnities and benefits conferred on the Collateral Agent
under the Share Charge and the First Lien Intercreditor Agreement shall continue in full force
and effect and shall apply to this Deed as if set out in full herein.

 -4 -

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Chargor and understood by the
Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 	 	 

	The Chargor	 	 	 	 	 	 
	SIGNED, SEALED and DELIVERED	 	 	)	 	 	 
	as a DEED by Cindi Lefari	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	
	for and on behalf of	 	 	)	 /s/ Cindi Lefari
	 
	CLOSURE SYSTEMS INTERNATIONAL B.V.	 	 	)	 	 
	in the presence of:	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signature of witness: Julia Keppe	 	 	 	 	 	 
	Name of witness: /s/ Julia Keppe	 	 	 	 	 	 
	Address of witness:	 	 	 	 	 	 
	 

	 	Debevoise & Plimpton LLP	 	 	 	 	 	 
	 

	 	Tower 42	 	 	 	 	 	 
	 

	 	EC2N 1HQ	 	 	 	 	 	 
	Occupation of witness: Solicitor	 	 	 	 	 	 

	 	 	 	 	 	 	 

	The Collateral Agent	 	 	 	 
	 
	 	 	 	 	 	 
	Signed by	 	 	)	 
	WILMINGTON TRUST (LONDON) LIMITED	 	 	)	 
	 
	 	 	 	 	 	 
	By: /s/ Sunil Hasson	 	 	 	 
	Name: Sunil Hasson	 	 	 	 
	Address:

	 	6 Broad Street Place	 	 	 	 
	 

	 	London EC2M 7JH	 	 	 	 
	 

	 	United Kingdom	 	 	 	 
	Fax:

	 	+44 (0)20 7614 1122	 	 	 	 
	Attention:

	 	Elaine Lockhart	 	 	 	 

 -5 -

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