Document:

FORM OF BENEFITS ALLOCATION AGREEMENT

  
 Confidential treatment has been requested by 
 Constar International Inc. pursuant to Rule 406.
 
 All non-public
information has been filed  
with the Securities and Exchange Commission. 
  
 Exhibit 10.10 
 Execution Copy 
  
 BENEFITS ALLOCATION
AGREEMENT 
  
 dated as of 
  
 November 20, 2002 
  
 between 
  
 CROWN CORK & SEAL COMPANY, INC. 
  
 and 
  
 CONSTAR INTERNATIONAL INC. 

 TABLE OF CONTENTS 
  
 
	  	 	 Page
 

	 ARTICLE I    DEFINITIONS
 	 	 1
 
	 Section 1.1      Definitions.
 	 	 1
 
	 
	 ARTICLE II    EMPLOYEES AND ALLOCATIONS OF LIABILITIES
 	 	 4
 
	 Section 2.1      Identification and Employment.
 	 	 4
 
	 Section 2.2      Constar Assumption of Liabilities.
 	 	 4
 
	 
	 ARTICLE III    RETIREMENT PLANS
 	 	 5
 
	 Section 3.1      General Principles.
 	 	 5
 
	 Section 3.2      Defined Benefit Pension Plans.
 	 	 5
 
	 Section 3.3      Defined Contribution Plans.
 	 	 7
 
	 
	 ARTICLE IV    WELFARE PLANS
 	 	 8
 
	 Section 4.1      General Principles.
 	 	 8
 
	 Section 4.2      Establishment of Welfare Plans.
 	 	 9
 
	 Section 4.3      Vacation and Sick Pay Liabilities.
 	 	 9
 
	 Section 4.4      Medical Spending/Dependent Care Accounts.
 	 	 9
 
	 Section 4.5      Severance.
 	 	 10
 
	 Section 4.6      Vendor Contracts.
 	 	 10
 
	 Section 4.7      Workers’ Compensation and Unemployment Compensation.

	 	 11
 
	 Section 4.8      Retiree Medical Benefits
 	 	 11
 
	 Section 4.9      HIPAA Business Associate Provisions
 	 	 11
 
	 
	 ARTICLE V    EXECUTIVE COMPENSATION PROGRAMS
 	 	 14
 
	 Section 5.1      Excess Benefit Plan.
 	 	 14
 
	 Section 5.2      Incentive Plans.
 	 	 14
 
	 Section 5.3      Supplemental Executive Retirement Plan
 	 	 14
 
	 Section 5.4      Split Dollar Life Insurance Policies
 	 	 14
 
	 
	 ARTICLE VI    EQUITY-BASED PLANS
 	 	 14
 
	 Section 6.1      Stock Option Awards
 	 	 14
 
	 Section 6.2      Stock Purchase Plan.
 	 	 15
 
	 
	 ARTICLE VII    FOREIGN PLANS AND TRANSITION EMPLOYEES
 	 	 16
 
	 Section 7.1      Foreign Retirement Plans.
 	 	 16
 
	 Section 7.2      Foreign Welfare Plans.
 	 	 16
 
	 Section 7.3      Transition Employees.
 	 	 16
 

 

 
 i 

 
	 
	 ARTICLE VIII    GENERAL
 	 	 16
 
	 Section 8.1      Payment of and Accounting Treatment for Expenses and Balance Sheet
Amounts.
 	 	 16
 
	 Section 8.2      Accounting Adjustments.
 	 	 17
 
	 Section 8.3      Notices.
 	 	 17
 
	 Section 8.4      Amendment and Waiver.
 	 	 18
 
	 Section 8.5      Sharing of Participant Information.
 	 	 18
 
	 Section 8.6      Entire Agreement.
 	 	 18
 
	 Section 8.7      Parties in Interest.
 	 	 18
 
	 Section 8.8      No Third-Party Beneficiaries; No Termination of Employment.

	 	 18
 
	 Section 8.9      Right to Amend or Terminate Any Plans.
 	 	 18
 
	 Section 8.10    Effect if Offering Does Not Occur.
 	 	 19
 
	 Section 8.11    Relationship of Parties.
 	 	 19
 
	 Section 8.12    Affiliates.
 	 	 19
 
	 Section 8.13    Audits.
 	 	 19
 
	 Section 8.14    Further Assurances and Consents
 	 	 19
 
	 Section 8.15    Severability.
 	 	 20
 
	 Section 8.16    Governing Law.
 	 	 20
 
	 Section 8.17    Counterparts.
 	 	 20
 
	 Section 8.18    Disputes.
 	 	 20
 
	 Section 8.19    Assignment.
 	 	 21
 
	 Section 8.20    Interpretation.
 	 	 21
 
	 Section 8.21    Headings.
 	 	 21
 

 
  
  
 TABLE OF APPENDICES

  
 Appendix A—Welfare Plans  
 Appendix
B—Retirement Plans 
 Appendix C—Transition Employees 
 Appendix D—Informal Pensions

 Appendix E—Annuity Payments 
 Appendix F—Split Dollar Insurance Policies 

Appendix G—Transferred Former Constar Salaried Employees 

 
 ii 

 BENEFITS ALLOCATION AGREEMENT 
  
 THIS IS A BENEFITS ALLOCATION AGREEMENT, dated as of November 20, 2002 (the “Agreement”), by and between Crown Cork & Seal Company, Inc., a Pennsylvania corporation (together with its
successors and permitted assigns, “Crown”), and Constar International Inc., a Delaware corporation (together with its successors and permitted assigns, “Constar”) (collectively, the “Parties” or individually, a
“Party”). 
  
 Background 
  
 A.  The Board of Directors of Crown has authorized an initial public offering of Constar’s common stock (the “Offering”). 
  
 B.  Upon the closing of the Offering, Crown and Constar will enter into a number of agreements that will govern certain matters
relating to the Offering and the relationship of Crown and Constar and their respective subsidiaries and affiliates following the Offering. 
  
 C.  This Agreement sets forth the arrangements between the Parties relating to certain employee benefit and compensation matters. 
  
 Terms 
  
 THEREFORE, in consideration of
the foregoing premises and the mutual agreements and covenants contained in this Agreement, the Parties hereby agree as follows: 
  
 ARTICLE I 
 DEFINITIONS 
  
 Section 1.1  Definitions.  The following words and phrases used in this Agreement shall have the meanings set forth below unless a different meaning is plainly
required by the context. 
  
 “ACTIVE CONSTAR EMPLOYEE” means: 
  
 (a)  Any Employee (other than a Salt Lake Employee) who is performing services for the Constar Group on the
Closing Date, including any such Employee who is not actively performing such service as a result of sick leave, workers’ compensation leave, short-term disability or other authorized leave of absence; and 
  
 (b)  Any Employee of the Crown Group who is designated by Crown and Constar as an Employee to whom Constar
offers employment beginning on or before the Closing Date and who has accepted such offer. 
  
 “ASO
CONTRACT” means an administrative services only contract or other contract with a third-party administrator or service provider that pertains to any Crown Welfare Plan or Constar Welfare Plan. 

 
 1 

 “BENEFICIARY” means the individual(s) designated by an Employee, former Employee, by operation of law or
otherwise, as the party entitled to compensation, benefits, insurance coverage or any other goods or services under any Plan. 
  
 “CLOSING DATE” means the date upon which Crown completes the initial public offering of Constar’s Common Stock. 
  
 “CODE” means the Internal Revenue Code of 1986, as amended. 
  
 “CONSTAR COMMON STOCK” means the shares of common stock, par value $.01 per share, of Constar. 
  
 “CONSTAR GROUP” means Constar and its Subsidiaries as of the Closing Date. 
  
 “CROWN
COMMON STOCK” means the shares of common stock, par value $5.00 per share, of Crown. 
  
 “CROWN EQUITY PLAN
means: the Crown Cork & Seal Company, Inc. 2001 Stock-Based Incentive Compensation Plan; the Crown Cork & Seal Company, Inc. 1997 Stock-Based Incentive Compensation Plan; the Crown Cork & Seal Company, Inc. 1994 Stock-Based Incentive
Compensation Plan; and the Crown Cork & Seal Company, Inc. 1990 Stock-Based Incentive Compensation Plan. 
  
 “CROWN GROUP” means Crown and its Subsidiaries, excluding any member of the Constar Group, as of the Closing Date. 
  
 “EMPLOYEE” means any individual who performs services pursuant to a common-law employer-employee relationship. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  
 “FOREIGN PLAN,” when immediately preceded by “Crown,” means a Plan maintained by the Crown Group or when immediately preceded by “Constar,” a
Plan maintained by the Constar Group, in either case for the benefit of Employees who perform services and/or are compensated under a payroll that is administered outside the United States, its territories and possessions, and the District of
Columbia. 
  
 “FORMER CONSTAR EMPLOYEE” means an Employee whose employment with the Constar Group
terminated for any reason (including retirement or long-term disability) before the Closing Date and who, as of the Closing Date, is not employed by Crown or a member of the Crown Group. 
  
 “GOVERNMENTAL AUTHORITY” means any federal, state or local court, government, department, commission, board, bureau, agency, official or other regulatory,
administrative or governmental authority, including, without limitation, the United States Department of Labor, the Internal Revenue Service, and the Pension Benefit Guaranty Corporation. 

 
 2 

 “GROUP INSURANCE POLICY” means a group insurance policy issued under any Crown Welfare Plan or any Constar
Welfare Plan, as applicable. 
  
 “HMO AGREEMENTS” means contracts, letter agreements, practices and
understandings with HMOs that provide medical services under the Crown Welfare Plans or Constar Welfare Plans. 
  
 “HMO” means a health maintenance organization that provides benefits under the Crown Welfare Plans or the Constar Welfare Plans. 
  
 “INCENTIVE PLAN,” when immediately preceded by “Crown,” means the Crown Cork & Seal Company, Inc. Management Incentive Plan and the Crown Cork & Seal Company, Inc. Sales
Incentive Plan. When immediately preceded by “Constar,” INCENTIVE PLAN means the Constar Short-Term Incentive Plan to be established by Constar pursuant to Section 5.2. 
  
 “LIABILITIES” means any and all losses, claims, charges, compensation, benefits, debts, demands, actions, costs and expenses (including, without limitation,
administrative and related costs and expenses of any Plan, program or arrangement), of any nature whatsoever, whether absolute or contingent, matured or unmatured, liquidated or unliquidated, accrued or unaccrued, known or unknown, whenever arising.

  
 “MATERIAL FEATURE” means any feature of a Plan that could reasonably be expected to be of material
importance to the sponsoring employer or the participants and beneficiaries of the Plan, which could include, without limitation, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in
such Plan, the nature, type, form, source, and level of benefits provided by the employer under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan or
that is a benefit, right or feature within the meaning of Code section 411(d)(6). 
  
 “NON-EMPLOYER STOCK
FUND” is defined in Section 3.3(c)(ii) of this Agreement. 
  
 “PARTICIPATING COMPANY” means any Person
(other than an individual) that is participating in a Plan sponsored by a member of the Crown Group or a member of the Constar Group, as the context requires. 
  
 “PENSION PLANS” means the Retirement Plans designated as such in Part 1 or Part 2 of Appendix B, as applicable. 
  
 “PERSON” means an individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated organization, a limited liability
entity or any other entity. 
  
 “PLAN” means any plan, policy, program, payroll practice or other
arrangement, whether written or unwritten, providing benefits to Employees or former Employees of the Crown Group or the Constar Group. 

 
 3 

  
 “RETIREMENT PLANS”, when immediately preceded by “Crown,”
means the retirement plans listed in Part 1 of Appendix B to this Agreement that are sponsored by a member of the Crown Group. When immediately preceded by “Constar,” RETIREMENT PLANS means the retirement plans listed in Part 2 of Appendix
B to this Agreement that are sponsored by a member of the Constar Group for periods immediately after the Closing Date. 
  
 “SAVINGS PLANS” means the Retirement Plans designated as such in Part 1 or Part 2 of Appendix B, as applicable. 
  
 “SALT LAKE EMPLOYEE” means any Employee who is performing services at the facility located in Salt Lake City, Utah, on the Closing Date, including any such Employee who is not actively performing such service as a
result of sick leave, workers’ compensation leave, short-term disability or other authorized leave of absence. 
  
 “SALT LAKE HOURLY EMPLOYEE” means a Salt Lake Employee who is compensated on an hourly basis. 
  
 “SUBSIDIARY” means, with respect to any specified Person, any corporation or other legal entity of which such Person or any of its Subsidiaries owns or controls, directly or indirectly, more than 50% of the stock or other
equity interest entitled to vote on the election of members to the board of directors or similar governing body. 
  
 “WELFARE PLANS,” when immediately preceded by “Crown,” means the welfare benefit plans, programs, and policies listed in Part 1 of Appendix A to this Agreement that are sponsored by a member of the Crown Group.
When immediately preceded by “Constar,” WELFARE PLANS means the welfare benefit plans, programs, and policies listed in Part 2 of Appendix A to this Agreement that are sponsored by a member of the Constar Group for all periods after the
Closing Date. 
  
 ARTICLE II 
 EMPLOYEES AND ALLOCATIONS OF LIABILITIES 
  
 Section 2.1  Identification and
Employment.  Effective as of the Closing Date, Crown and Constar shall jointly compile a list by name, social security number, job title and assigned location of all Active Constar Employees. Effective as of the Closing Date, Constar
shall employ all such identified Active Constar Employees. Effective as of the Closing Date, Crown and Constar shall jointly compile a list by name and social security number of all Former Constar Employees who are identifiable at such time. An
individual who would be classified as a Former Constar Employee shall be treated as such for all purposes of this Agreement notwithstanding that such individual is not on the list provided for in the preceding sentence. 
  
 Section 2.2  Constar Assumption of Liabilities.  Except as specifically provided otherwise in this Agreement,
Constar shall, on behalf of itself and its Subsidiaries, assume, or cause another member of the Constar Group to assume (i) all Liabilities related to Active Constar Employees and Former Constar Employees incurred in connection with their employment
by the Constar Group (or the predecessor of any member of such Group) or the Crown Group (or the predecessor of any member of such Group) prior to the Closing Date; (ii) all Liabilities related to Active Constar Employees and Former Constar
Employees arising on or after the Closing Date relating to employment with any member of the Constar Group; and (iii) all other Liabilities related to, arising out of, or resulting from obligations, liabilities and responsibilities assumed or
retained by Constar or any member of the Constar Group under this Agreement or a Plan sponsored or maintained by any member of the Constar Group. 

 
 4 

  
 ARTICLE III 
 RETIREMENT PLANS 
  
 Section 3.1  General Principles. 

 
 (a)  Retirement Plan Liabilities.  Except as specifically provided under Section 3.2, effective as of the
Closing Date, the Active Constar Employees will cease to earn benefits under the Crown Retirement Plans and the Constar Group will establish the Constar Retirement Plans for the benefit of the Active Constar Employees. The Constar Retirement Plans
will provide benefits for a period of one year after the Closing Date that are at least substantially equivalent in all Material Features (except for the Supplemental Pension Plan provisions of the Crown Pension Plan) to those provided under the
corresponding Crown Retirement Plans immediately before the Closing Date. Except as specifically provided under Section 3.2 or Section 3.3 and notwithstanding Section 2.2, the Crown Retirement Plans will retain all liabilities and assets related to
retirement benefits earned under such Retirement Plans by Active Constar Employees and Former Constar Employees prior to the Closing Date. 
  
 (b)  Governmental Filings.  Crown and Constar shall cooperate to make any and all filings required with respect to the Crown Retirement Plans and the Constar Retirement Plans under the Code or ERISA in
connection with the Offering or the asset transfers described in this Article III in a timely manner. 
  
 (c)  Determination Letters.  Constar shall apply to the Internal Revenue Service for favorable determination letters with respect to the tax-qualified status of the Constar Retirement Plans as soon as practicable
after the Closing Date, and Constar, consistent with the terms of this Agreement, shall make such amendments to such Retirement Plans as may be required by the Internal Revenue Service in order for Constar to receive favorable determination letters
with respect to these Plans. 
  
 (d)  Terms of Participation—Active Constar Employees.  Each
Constar Retirement Plan shall provide that all service, compensation, and other benefit-affecting determinations that, as of the Closing Date, were recognized under the corresponding Crown Retirement Plan with respect to Active Constar Employees
(for periods immediately before the Closing Date) shall, as of immediately after the Closing Date, receive full recognition, credit and validity and be taken into account under such Constar Retirement Plan to the same extent as if such items
occurred under such Constar Retirement Plan, except to the extent that duplication of benefits would result. 
  
 (e)  Beneficiary Designations.  All beneficiary designations made by Active Constar Employees or their respective alternate payees with respect to the Crown Retirement Plans shall be transferred to and be in full
force and effect under the corresponding Constar Retirement Plans until such beneficiary designations are replaced or revoked by the individual who made such beneficiary designation. 
  
 Section 3.2  Defined Benefit Pension Plans. 
  
 (a)  Establishment of Pension Plans. 

 
 5 

  
 (i)  Prior to the Closing Date, Crown shall have
caused all liabilities accrued under the Crown Pension Plan with respect to the Former Constar Employees listed on Appendix G to be transferred together with an equivalent amount of assets to the Crown Hourly Pension Plan for Constar Employees.

  
 (ii)  Effective as of the Closing Date, Crown shall transfer sponsorship of the Crown
Hourly Pension Plan for Constar Employees together with all related liabilities and assets to Constar and Constar shall accept sponsorship of such Plan together with all related assets and liabilities. 
  
 (iii)  Effective as of the Closing Date, Constar will cause the Crown Hourly Pension Plan for Constar Employees
to be renamed as the Constar Pension Plan. Constar shall thereafter amend the Constar Pension Plan to provide benefits with respect to Active Constar Employees who are compensated on a salaried basis, their Beneficiaries and their respective
alternate payees immediately after the Closing Date that are at least substantially equivalent in all Material Features to those provided under the Crown Pension Plan immediately before the Closing Date and such benefits will be subject to an offset
for all benefits earned under the Crown Pension Plan immediately before the Closing Date. For purposes of eligibility (including early retirement eligibility), vesting and benefit accrual, all service recognized under the Crown Pension Plan (for
periods immediately before the Closing Date) shall, as of immediately after the Closing Date be recognized and taken into account under the Constar Pension Plan. For purposes of benefit accrual, all compensation recognized under the Crown Pension
Plan shall, be recognized and taken into account under the Constar Pension Plan. 
  
 (iv)  As soon as practicable following the Closing Date, Constar shall cause all liabilities accrued under the Constar Pension Plan with respect to the Salt Lake Hourly Employees to be transferred together with an
equivalent amount of assets to the Crown Pension Plan. Such asset transfer shall be increased for interest at a monthly rate of .15% from the Closing Date to the actual date of transfer. 
  
 (b)  Establishment of Pension Trust.  Effective as of the Closing Date, Constar shall establish or cause to be established with respect to the Constar
Pension Plan, a trust(s) which shall be exempt from taxation under Code section 501(a) (the “Constar Pension Trust”). On the first business day of the month commencing immediately after the month in which the Closing Date occurs, Crown
will cause the Crown Cork & Seal Company, Inc. Master Retirement Trust (the “Master Trust”) to transfer to the Constar Pension Trust an amount of cash equal to 90 percent of the value of the assets of the Crown Hourly Pension Plan for
Constar Employees determined as of the last business day of the month immediately preceding the month in which the Closing Date occurs. As soon as practicable thereafter, the Parties will cause a final transfer, either from or to the Master Trust
and the Constar Pension Trust, of the balance of the assets (either positive or negative) of the Crown Hourly Pension Plan for Constar Employees determined as of the last business day of the month in which the Closing Date occurs. Such transfer
shall be in cash and shall be appropriately adjusted to account for benefit payments and administrative expenses. In addition, such transfer shall be appropriately adjusted for the liability and asset transfer provided for in Section 3.2(a)(iv)
above. 
  
 (c)  Retention of Liabilities.  Except as specifically provided in this Section
3.2(c), effective as of the Closing Date, the Active Constar Employees (compensated on a salaried basis) shall cease to accrue benefits under the Crown Pension Plan. Notwithstanding the preceding sentence, for purposes of early retirement
eligibility and vesting, all service recognized under the Constar Pension Plan for periods following the Closing Date shall be recognized and taken into account under the Crown Pension Plan. Following the Closing Date, and notwithstanding Section
2.2, the Crown Pension Plan shall retain
 

 
 6 

 
all liabilities and assets related to benefits earned prior to the Closing Date by Active Constar Employees (compensated on a salaried basis) and the Former Constar Employees (compensated on a
salaried basis) who are not listed on Appendix G. 
  
 (d)  PBGC Intervention.  Notwithstanding
any provision of this Agreement to the contrary, in the event that at any time the Pension Benefit Guaranty Corporation (PBGC) or any other Governmental Authority asserts that the Offering may provide justification for the PBGC to seek termination
of the Crown Pension Plan or Constar Pension Plan under ERISA or otherwise asserts that the Offering may increase unreasonably the long-run loss to the PBGC (within the meaning of ERISA section 4042(a)(4)) with respect to any Crown Pension Plan or
Constar Pension Plan, Crown may, in its sole discretion: 
  
 (i)  Enter into negotiations
with the PBGC to resolve these issues and, upon satisfactorily resolving such issues, Constar shall fully comply with the terms of any agreement entered into by Crown with the PBGC; or 
  
 (ii)  Transfer all assets and liabilities with respect to some or all of the Active Constar Employees and/or Former Constar Employees and their
respective alternate payees arising prior to the Closing Date under the Crown Pension Plan to the Constar Pension Plan in a manner acceptable to the PBGC. 
  
 Section 3.3  Defined Contribution Plans. 
  
 (a)  Establishment of Savings Plan.  Effective as of the Closing Date, Constar shall adopt the Constar Savings Plan, which, subject to the asset transfer provided for in Section 3.3(c) below, shall provide
benefits with respect to Active Constar Employees, their Beneficiaries and their respective alternate payees immediately after the Closing Date that are at least substantially equivalent in all Material Features to those provided under the Crown
Savings Plans immediately before the Closing Date. For purposes of eligibility (including early retirement eligibility) and vesting, all service recognized under the corresponding Crown Savings Plan (for periods immediately before the Closing Date)
shall, as of immediately after the Closing Date be recognized and taken into account under the Constar Savings Plan. 
  
 (b)  Establishment of Savings Trust.  Effective on the Closing Date, Constar shall establish or cause to be established with respect to the Constar Savings Plan, a trust, which shall be exempt from taxation under
Code section 501(a). 
  
 (c)  Transfer of Savings Plan Assets. 
  
 (i)  Transfer of Assets to the Constar Savings Plan. As soon as practicable after the Closing Date, Crown shall
cause the accounts of the Active Constar Employees, their Beneficiaries and their respective alternate payees, if any, under the applicable Crown Savings Plan that are held by its related trust to be transferred to the Constar Savings Plan and its
related trust, and Constar shall cause such transferred accounts to be accepted by such plan and trust. The transfer of such accounts shall be made: (A) in kind, to the extent the assets consist of investments in a Crown Common Stock fund and (B)
otherwise in cash, interests in mutual funds, securities, or other property or in a combination thereof, as the Parties may agree, but, to the extent practicable, shall be invested initially in comparable investment options in the
 

 
 7 

 
Constar Savings Plan as such accounts were invested immediately before the date of transfer. Any outstanding loan balances under any Crown Savings Plans to Active Constar Employees shall be
transferred with the underlying accounts. 
  
 (ii)  Non-Employer Stock Funds. Effective
immediately after the Closing Date, the Constar Savings Plan shall provide for both a Crown Common Stock fund and a Constar Common Stock fund as investment options. The Crown Common Stock fund in the Constar Savings Plan shall be referred to as the
Non-Employer Stock Fund. The Non-Employer Stock Fund will be maintained under the Constar Savings Plan until at least December 31, 2004, or for such longer period as the applicable Constar Savings Plan fiduciaries determine the Non-Employer Stock
Fund to be an appropriate investment under the Constar Savings Plan. The Constar Savings Plan shall provide that, after the Closing Date, no new contributions may be invested in, and no amounts may be transferred from other investment options to,
the Non-Employer Stock Fund. The Constar Savings Plan shall provide that no earnings or dividends attributable to the Non-Employer Stock Fund may be reinvested in the Non-Employer Stock Fund. 
  

(iii)  Provision of Disclosure Materials Relating to Non-Employer Stock Funds. Crown shall provide to Constar in a timely manner such proxy
statements, annual reports, and other materials with respect to Crown stock held in the Non-Employer Stock Fund under the Constar Savings Plan as may be reasonably requested by Constar. 
  
 ARTICLE IV 
 WELFARE PLANS 
  

Section 4.1    General Principles. 
  
 (a)  Assumption of Welfare Plan Liabilities. Effective as of the Closing Date, all Liabilities relating to Active Constar Employees and Former Constar Employees and their Beneficiaries under
the Crown Welfare Plans shall cease to be Liabilities of Crown or the Crown Welfare Plans and shall be assumed by the Constar Group and the Constar Welfare Plans including, without limitation, retiree medical benefits. Except as specifically set
forth in Sections 4.4 and 4.8, Constar shall not be entitled to assets associated with any Crown Welfare Plan. 
  
 (b)  Continuation of Elections. Constar shall cause the Constar Welfare Plans to recognize and maintain all coverage and contribution elections made by Active Constar Employees (and Former Constar Employees, if applicable)
under the Crown Welfare Plans in effect for the period immediately before the Closing Date and shall apply such elections under the Constar Welfare Plans for the remainder of the period or periods for which such elections are by their terms
applicable. Constar shall provide coverage to Active Constar Employees (and Former Constar Employees, if applicable) under the Constar Welfare Plans without the need to undergo a physical examination or otherwise provide evidence of insurability,
will not impose pre-existing condition exclusions and will recognize and maintain all irrevocable assignments and elections made by Active Constar Employees (and Former Constar Employees, if applicable) in connection with any life insurance coverage
under the Crown Welfare Plans. 

 
 8 

  
 (c)  Continuation of Co-Payments. Constar shall cause the Constar
Welfare Plans to recognize and give credit for all amounts applied to deductibles, out-of-pocket maximums, and other applicable benefit coverage limits for expenses that have been incurred by Active Constar Employees (and Former Constar Employees,
if applicable) under the Crown Welfare Plans for the remainder of the benefit limit year in which the Closing Date occurs. 
  
 (d)  Continuation of Maximum Benefits. Constar shall cause the Constar Welfare Plans to recognize and give credit for all benefits paid to Active Constar Employees and Former Constar Employees under the Crown Welfare Plans,
before and during the benefit limit year in which the Closing Date occurs, for purposes of determining when such persons have reached their lifetime maximum benefits under the Constar Welfare Plans. 
  
 (e)  COBRA and HIPAA Obligations. For the period before the Closing Date and for the period following the Closing Date that
Crown is providing administrative services with respect to the Constar Welfare Plans pursuant to the terms of the Transition Services Agreement, Crown shall be responsible for administering compliance with the continuation coverage requirements for
“group health plans” under Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (COBRA), and the portability requirements under the Health Insurance Portability and Accountability Act of 1996, as amended
(HIPAA), with respect to Active Constar Employees, Former Constar Employees and their Beneficiaries and shall be responsible for furnishing all necessary employee change notices with respect to these persons in accordance with applicable Crown
policies and procedures. Following the time periods described in the preceding sentence, Constar shall be solely responsible for administering compliance with and satisfying any outstanding COBRA or HIPAA obligation with respect to Active Constar
Employees, Former Constar Employees and their Beneficiaries. 
  
 (f)  Subrogation. If Constar recovers any
amounts through subrogation or reimbursement for claims paid by Crown to Active Constar Employees, Former Constar Employees or their Beneficiaries, Constar shall pay such amounts to Crown. 
  
 Section 4.2  Establishment of Welfare Plans.  Effective as of the Closing Date, Constar shall take all actions necessary or appropriate to
establish the Constar Welfare Plans to provide Active Constar Employees (and Former Constar Employees, if applicable) benefits that are identical in all Material Features to those benefits provided under the Crown Welfare Plans from time to time
during the period that Crown is providing administrative services with respect to the Constar Welfare Plans pursuant to the terms of the Transition Services Agreement. 
  
 Section 4.3  Vacation and Sick Pay Liabilities.  Effective as of the Closing Date, Constar shall assume all Liabilities for vacation, sick
leave and other paid time off in respect of all Active Constar Employees (and Former Constar Employees, if applicable) as of the Closing Date. 
  
 Section 4.4  Medical Spending/Dependent Care Accounts.  For the calendar year that includes the Closing Date, the Constar Cafeteria Plan shall recognize all elections,
contributions and related claims by Active Constar Employees (and Former Constar Employees, if applicable) to flexible spending or dependent care assistance accounts under the Crown 

 
 9 

 
Cafeteria Plan. As soon as practicable after the close of such calendar year, Crown shall reimburse Constar for the aggregate contributions to such accounts withheld by Crown from Active Constar
Employees (and Former Constar Employees, if applicable) prior to the Closing Date to the extent that Crown did not exhaust such contributions by providing benefits to Active Constar Employees (and Former Constar Employees, if applicable) prior to
the Closing Date, or if benefits paid by Crown to Active Constar Employees (and Former Constar Employees, if applicable) prior to the Closing Date exceeds the contributions withheld by Crown from Active Constar Employees (and Former Constar
Employees, if applicable), Constar shall reimburse Crown for such difference. 
  
 Section
4.5  Severance.  The Parties agree that, with respect to Active Constar Employees who, in connection with the Offering, cease to be employees of the Crown Group and become Employees of the Constar Group, such cessation
shall not be deemed a severance of employment for purposes of any Plan that provides for the payment of severance, salary continuation or similar benefits. The Parties shall take all such action, including, but not limited to amending any Plan to
give effect to the provisions of this Section 4.5. 
  
 Section 4.6  Vendor Contracts. 

  
 (a)  Pre-Closing Date Negotiation. Before the Closing Date, Crown shall take such steps as are
necessary under each ASO Contract, Group Insurance Policy and HMO Agreement in existence as of the date of this Agreement to permit Constar to participate in the terms and conditions of such ASO Contract, Group Insurance Policy or HMO Agreement
beginning immediately after the Closing Date. 
  
 (b)  Terms of Constar Participation. Crown shall
determine, and shall promptly notify Constar of, the manner in which Constar’s participation in the terms and conditions of ASO Contracts, Group Insurance Policies and HMO Agreements, as set forth above is to be effectuated. Constar hereby
authorizes Crown to act on its behalf to extend to Constar the terms and conditions of the ASO Contracts, Group Insurance Policies and HMO Agreements. Constar shall fully cooperate with Crown in such efforts. 
  
 (c)  Premium/Administration Rates. Crown and Constar shall use their reasonable best efforts to cause each of the insurance
companies, HMOs, paid provider organizations and third-party administrators providing services and benefits under the Crown Welfare Plans and the Constar Welfare Plans to maintain the premium and/or administrative rates, based on the aggregate
number of participants in both the Crown Welfare Plans, after the Closing Date, and the Constar Welfare Plans. 
  
 (d)  Management of the ASO Contracts, Group Insurance Policies and HMO Agreements. Constar shall be responsible, subject to the direction and control of Crown, for the management of the existing contractual and other
arrangements pertaining to the administration of the Constar Welfare Plans. Immediately after the Closing Date, Constar shall be responsible for the management and control of the ASO contracts, Group Insurance Policies and HMO Agreements and other
vendor contracts and relationships to the extent such contracts, policies and agreements apply to the Constar Welfare Plans. Notwithstanding the foregoing, nothing contained in this Section 4.6(d) shall permit Constar to direct any insurance
carrier, third-party
 

 
 10 

 
vendor or claims administrator with respect to any contractual arrangement, policy or agreement under any Crown Welfare Plan. 
  
 Section 4.7  Workers’ Compensation and Unemployment Compensation. Effective as of the Closing Date, Constar shall assume all Liabilities for
Active Constar Employees and Former Constar Employees related to any and all workers’ compensation and unemployment compensation matters under any law of any state, territory, or possession of the United States or the District of Columbia and
Constar shall be fully responsible for the administration of all such claims. If Constar is unable to assume any of such Liabilities or the administration of any such claim because of the operation of applicable state law or for any other reason,
Constar shall reimburse Crown for all such Liabilities. 
  
 Section 4.8  Retiree Medical
Benefits. Following the Closing Date, Crown shall continue to permit Former Constar Employees (and Active Constar Employees, who subsequently become eligible and elect to do so), to pay their portion of the cost of retiree medical benefits
through a voluntary deduction from their benefit payments under the applicable Crown Pension Plan. Crown shall cause such deduction to be made and to be remitted to Constar within 30 days of when such amount would otherwise have been paid to such
Former Constar Employee (or Active Constar Employee, if applicable). 
  
 Section 4.9  HIPAA
Business Associate Provisions. 
  
 (a)  Definitions. For purposes of this Section 4.9,
the following words and phrases shall have the meanings set forth below. 
  
 “Designated Record Set” shall
have the meaning set out in its definition at 45 C.F.R. §164.501, as such provision is currently drafted and as subsequently amended. 
  
 “Record” means any item, collection, or grouping of information that includes Protected Health Information and is maintained, collected, used, or disseminated by or for Constar. 
  
 “Individually Identifiable Health Information” shall have the meaning set out in its definition at 45 C.F.R. §164.501, as
such provision is currently drafted and as subsequently amended. 
  
 “Privacy Standards” shall mean the
Standards for Privacy of Individually Identifiable Health Information promulgated under the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), 45 C.F.R. Parts 160 and 164. 
  
 “Protected Health Information” (“PHI”) shall have the meaning set out in its definition at 45 C.F.R. §164.501, as
such provision is currently drafted and as subsequently amended. 
  
 (b)  Use and Disclosure of PHI.
Crown may use and disclose PHI received from Constar or created or received by Crown on behalf of Constar solely as permitted or required by this Agreement or as otherwise required by law. Crown shall not use and disclose 

 
 11 

 PHI received from Constar or created or received by Crown on behalf of Constar in any manner that would constitute a violation of the Privacy
Standards if used in such manner by Constar. 
  
 (c) Safeguards. Crown agrees that it will use commercially
reasonable efforts to safeguard PHI and to prevent use or disclosure of PHI other than as provided for under this Section 4.9. 
  
 (d) Reporting of Disclosures of PHI. Crown shall report to Constar any use or disclosure of PHI in violation of this Section 4.9 of which it becomes aware. 
  
 (e) Agreements with Third Parties. Crown shall obtain agreement with any agent or subcontractor that will have access to PHI that is received from, or created or
received by Crown on behalf of Constar, to be bound by the same restrictions, terms, and conditions that apply to Crown pursuant to this Section 4.9 with respect to such PHI. 
  
 (f) Access to Information. Within twenty-five (25) days of receipt of a request by Constar for access to PHI in a Designated Record Set concerning an individual
whose PHI is held by Crown under this Agreement, Crown will provide such access to an individual in accordance with 45 C.F.R. § 164.524. 
  
 (g) Availability of PHI for Amendment. Within fifty (50) days of receipt of a request from Constar for the amendment of an individual’s PHI contained in a Designated Record Set, Crown
agrees to make any amendment to PHI in a Designated Record Set that Constar directs or agrees to pursuant to 45 C.F.R. §164.526. 
  
 (h) Accounting of Disclosures. Within fifty (50) days of receipt of a notice from Constar to Crown stating that Constar has received a request for an accounting of disclosures of PHI regarding an individual, Crown
shall make available to Constar such information as is in Crown’s possession and is required for Constar to make the accounting under 45 C.F.R. §164.528. Crown agrees to document such disclosures of PHI and information related to such
disclosures as would be required for Constar to respond to a request by an individual for an accounting of disclosures of PHI in accordance with 45 C.F.R. § 164.528. 
  
 (i) Availability of Books and Records. Crown agrees to make its internal policies, procedures, practices, books, records and agreements relating to the use and
disclosure of PHI received from, or created or received by Crown on behalf of, Constar available to the Secretary of the Department of Health and Human Services (“Secretary”) for purposes of determining Constar’s compliance with the
Privacy Standards, subject to attorney-client and other applicable legal privileges. 
  
 (j) Return of PHI upon
Termination. Upon termination of the Agreement for any reason, Crown shall return to Constar all PHI received from Constar or created or received by Crown on behalf of Constar and which Crown still maintains in any form. Prior to doing so, Crown
further agrees to recover any PHI in the possession of its subcontractors or agents. Crown shall not retain any copies of such PHI. If it is not feasible to return such PHI as determined by Constar, Crown agrees to extend any and all protections,
limitations, and restrictions in this Section 4.9 to Crown’s use and disclosure of any PHI retained after the termination of the Agreement, and to limit any further uses and disclosures to the purpose or
 

 
 12 

 purposes that make the return of PHI infeasible. If it is not feasible for Crown to obtain from a subcontractor or agent any PHI in the
possession of the subcontractor or agent, Crown will require the subcontractor and/or agent to agree to extend any and all protections, limitations, and restrictions in this Section 4.9 to the subcontractors’ and/or agents’ use and
disclosure of any PHI retained after the termination of the Agreement, and to limit any further uses and disclosures to the purposes that make the return of the PHI infeasible. 
  
 (k)  Termination.  Pursuant to 45 C.F.R. §164.504(e)(2)(iii), Constar may upon ten (10) days notice terminate the provisions of any
agreement that relates to the administration of any Welfare Plan determined to be a health plan under the Privacy Standards if Constar determines that Crown has breached a material term of this Section 4.9. Alternatively, Constar may (i) provide
Crown with 30 days written notice of the existence of an alleged material breach; and (ii) afford Crown an opportunity to cure said alleged material breach to Constar’s satisfaction within the stated time period. Failure to cure the alleged
breach is grounds for immediate termination of the provisions of any agreement that relates to the administration of any Welfare Plan determined to be a health plan under the Privacy Standards; provided, however, that in the event that Constar
determines that such termination is not feasible, Crown hereby acknowledges that Constar shall have the right to report the breach to the Secretary, notwithstanding any other provision of the Agreement to the contrary. Constar reserves the right to
cure any breach by Crown of any provision of this Section 4.9; provided, however, that Constar retains its right to terminate relevant provision of an agreement as provided under this Section 4.9(k) and its right to seek related remedies, even if
Constar is able to cure the breach. 
  
 (l)  Constar’s Obligations.  Constar shall
notify Crown of any limitation(s) in its notice of privacy practices, to the extent that such limitation may affect Crown’s use or disclosure of PHI. Constar also shall notify Crown of any changes in, or revocation of, permission by an
individual to use or disclose PHI, to the extent that such changes may affect Crown’s use or disclosure of PHI. Constar also shall notify Crown of any restriction to the use or disclosure of PHI that Constar has agreed to in accordance with 45
C.F.R. § 164.522, to the extent that such restriction may affect Crown’s use or disclosure of PHI. 
  
 (m)  Management and Administration.  Except as otherwise limited in this Agreement, Crown may use PHI for the proper management and administration of the Constar health plan or to carry out the legal
responsibilities of Crown. Except as otherwise limited in this Agreement, Crown may disclose PHI for the proper management and administration of the Constar health plan, provided that disclosures are required by law, or Crown obtains reasonable
assurances from the person to whom the information is disclosed that it will remain confidential and used or further disclosed only as required by law or for the purposes for which it was disclosed to the person. The person also must agree to notify
Crown of any instances of which it is aware in which the confidentiality of the information has been breached. 
  
 (n)  Amendment.  The parties agree to take such action as is necessary to amend this Section 4.9 from time to time as is necessary for Constar to comply with the requirements of the Privacy Standards.

 
 13 

  
 ARTICLE V 
 EXECUTIVE COMPENSATION PROGRAMS 
  
 Section 5.1  Excess Benefit Plan.

  
 (a)  Cessation of Participation.  All Active Constar Employees shall cease to be
eligible to participate in the Crown Excess Benefit Plan as of the Closing Date. 
  
 (b)  Retention of
Liabilities.  Notwithstanding any provision of this Agreement to the contrary, effective as of the Closing Date, the Crown Group shall retain all Liabilities in connection with the Crown Excess Benefit for Active Constar Employees (and
Former Constar Employees, if applicable) and the Constar Group shall have no responsibility with respect to such Liabilities. 
  
 Section 5.2  Incentive Plans.  Constar shall assume all Liabilities for or related to Active Constar Employees (and Former Constar Employees, if applicable) payable under the Crown Incentive Plans with
respect to the period prior to the Closing Date; provided, however, that Crown and Constar may jointly make such adjustments to the financial goals, targets, payments and forms of payment as they deem appropriate to reflect the Offering. As of the
Closing Date, Constar shall establish the Constar Incentive Plan covering such of its Active Constar Employees as it in its sole discretion deems appropriate. 
  
 Section 5.3  Supplemental Executive Retirement Plan.  As of the Closing Date, Constar shall retain or assume all liability and responsibility for the payment of the informal
pension amounts and the annuity payments specified in Appendix D and Appendix E, respectively. In conjunction with Constar’s assumption of liability for the annuity payments described in the preceding sentence, Crown shall transfer to Constar
all of its interest, rights and obligations under the annuity contracts identified in Appendix E and Constar shall assume all such interest, rights and obligations. In addition, as of the Closing Date, Constar may establish a non-qualified
supplemental executive retirement plan (“SERP”) covering such of its Active Constar Employees as it in its sole discretion deems appropriate. The SERP shall provide eligible employees with supplemental retirement benefits equal to the
additional benefit that would be payable under the applicable Constar Pension Plan if not for the limitations imposed by sections 401(a)(17) and 415 of the Code or any successor provisions. 
  
 Section 5.4  Split Dollar Life Insurance Policies.  As of the Closing Date, Crown shall transfer to Constar all of it interest, rights and
obligations with respect to the split dollar life insurance policies identified in Appendix F and Constar shall assume all of Crown’s liability and responsibility with respect to such policies. 
  
 ARTICLE VI 
 EQUITY-BASED PLANS 

 
 Section 6.1  Stock Option Awards. 

 
 14 

  
 (a)  The employment of each Active Constar Employee shall be considered
terminated by Crown for purposes of the Crown Equity Plans as of the Closing Date. As of the Closing Date, each stock option awarded under a Crown Equity Plan to an Active Constar Employee which is not exercisable or which has an exercise price
above the then fair market value of Crown Common Stock shall be cancelled. Each stock option awarded under a Crown Equity Plan to an Active Constar Employee which is not described in the preceding sentence shall continue to be exercisable under the
applicable Crown Equity Plan for a period of 60 days after the Closing Date (the “Exercise Period”). Any such stock option that is not exercised within the Exercise Period shall be cancelled. With respect to any stock option for Crown
Common Stock exercised by an Active Constar Employees or Former Constar Employee, Crown shall be entitled to any tax deduction and in its sole discretion shall determine the treatment related to any such tax deduction with respect to the exercise of
such stock options. 
  
 (b)  Effective as of the Closing Date, Constar shall establish an equity-based
incentive plan and shall make awards thereunder to Active Constar Employees as it in its sole discretion deems appropriate. 
  
 Section 6.2  Stock Purchase Plan. 
  
 (a)  Establishment of Stock Purchase
Plan.  Effective as of the Closing Date, Constar shall establish an employee stock purchase plan (the “Constar ESPP”) that will provide benefits for a period of one year after the Closing Date that are at least substantially
equivalent in all Material Features to those provided under the Crown Employee Stock Purchase Plan (the “Crown ESPP”) immediately before the Closing Date. 
  
 (b)  Asset Transfer.  Prior to the Closing Date, all Active Constar Employees (and Former Constar Employees, if applicable) currently participating in
the Crown ESPP shall be given an election to have the total amount of cash credited to their account under the Crown ESPP as of the Closing Date returned to them in a cash lump sum payment (without interest) or to have such amount transferred to the
Constar ESPP. 

 
 15 

  
 ARTICLE VII 
 FOREIGN PLANS AND TRANSITION EMPLOYEES 
  
 Section 7.1  Foreign
Retirement Plans.  Crown and Constar shall use their reasonable best efforts so that, as soon as practicable after the Closing Date, all Crown Foreign Plans which provide retirement benefits solely to Active Constar Employees and
Former Constar Employees shall be assumed by Constar together with all related assets and liabilities and neither the Crown Group nor any Crown Group Plan shall retain any liability with respect to such Foreign Plans. 
  
 Section 7.2  Foreign Welfare Plans.  Crown and Constar shall use their reasonable best efforts, effective as of
the Closing Date, and to the extent allowed under foreign laws, to handle the Foreign Plans which provide welfare benefits in a manner which mirrors the approach outlined in this Agreement for the various employee benefit plans. 

 
 Section 7.3  Transition Employees.  Crown and Constar have agreed that the employees listed in
Appendix C will be classified as “Transition Employees.” For the “Applicable Period” (as described below), these Transition Employees will continue to be employed by Crown but will provide services exclusively to Constar in
accordance with the Research and Development Agreement. At the end of the Applicable Period, or earlier, if mutually agreed to by the Parties, the Transition Employees shall be terminated by Crown and shall be offered employment with Constar. The
“Applicable Period” with respect to Transition Employees who, as of the Closing Date, are in the process of seeking permanent residency in the United States, shall be the later of (i) 18 months from the Closing Date, and (ii) the period
from the Closing Date until the date permanent residency is granted. The “Applicable Period” with respect to Transition Employees who, as of the Closing Date, are not in the process of seeking permanent residency shall be six months from
the Closing Date. At such time as the Transition Employees become employed by Constar (the “Transition Date”), the Transition Employees shall be considered Active Constar Employees and will subject to all of the terms of this Agreement as
of the Transition Date. 
  
 ARTICLE VIII 
 GENERAL 
  
 Section 8.1  Payment of and Accounting Treatment for Expenses and
Balance Sheet Amounts. 
  
 (a)  Expenses.  Except as specifically provided in this
Agreement, all expenses (and the accounting treatment related to such expenses) related to liabilities through the Closing Date regarding matters addressed in this Agreement shall be handled and administered in the ordinary course by Crown and
Constar in accordance with past Crown accounting and financial practices and procedures pertaining to such matters. To the extent such expenses are unpaid as of the Closing Date that pertain to Active Constar Employees or Former Constar Employees,
Constar shall be solely responsible for such payment, without regard to any accounting treatment to be accorded such expense by Crown or Constar on their respective books and records. The 

 
 16 

 
accounting treatment to be accorded all such expenses, whether such expenses are paid by Crown or Constar, shall be determined by Crown. 
  
 (b)  Balance Sheet Amounts.  Constar shall assume any balance sheet liability for any Liabilities assumed by it under this Agreement as of the
Closing Date or thereafter, with respect to any Active Constar Employee or Former Constar Employees. The determination of any balance sheet liability as of the Close of the Closing Date shall be determined by Crown consistent with past accounting
practices, consistently applied. 
  
 Section 8.2  Accounting Adjustments.  Before the
Closing Date, Constar will have established on its books for financial accounting purposes liabilities and reserves for deferred compensation, welfare and other employee benefit plan obligations that will be retained or assumed by Constar under this
Agreement, and Crown will have adjusted the liabilities and reserves on its books for financial accounting purposes to take into account Constar’s assumption or retention of Liabilities under this Agreement. The initial adjustments as of the
Closing Date, will be made on an estimated basis. After the Parties have finally calculated the actual liabilities under this Agreement, each Party shall appropriately adjust its liabilities and reserves to reflect the amount of the liabilities and
reserves that are properly allocable to that Party. Except as otherwise provided in Article III and Article VI, neither Party shall have any obligation to make payments or transfer assets to the other Party with respect to such adjustments.

  
 Section 8.3  Notices.  All notices, requests, claims and other communications
hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery by hand, by reputable overnight courier service, by facsimile transmission, or by registered or certified mail
(postage prepaid, return receipt requested) to the respective parties at the addresses listed below: 
  
 
	 if to Crown, to:
 	  	 Crown Cork & Seal Company, Inc.                            
                            
 One Crown
Way
 Philadelphia, PA 19154
 Attn.: Gary L. Burgess
 Fax No. 215-676-7245
 
	 
	 if to Constar, to:
 	  	 Constar International Inc.
 One Crown
Way
 Philadelphia, PA 19154
 Attn.: Jerry A. Gunderson
 Fax No. 215-552-3715
 

 
  
 or to such other address as any Party may, from time to time, designate in a written
notice given in accordance with this Section 8.3. Notice given by hand shall be deemed delivered when received by the recipient. Notice given by mail as set out above shall be deemed delivered five calendar days after the date the same is mailed.
Notice given by reputable overnight courier shall be deemed delivered on the next following business day after the same is sent. Notice given by facsimile transmission shall be deemed delivered on the day of transmission provided telephone
confirmation of receipt is obtained promptly after completion of transmission. 

 
 17 

  
 Section 8.4  Amendment and Waiver.  This
Agreement may not be altered or amended, nor may rights hereunder be waived, except by an instrument in writing executed by the Party or Parties to be charged with such amendment or waiver. No waiver of any term, provision or condition of or failure
to exercise or delay in exercising any rights or remedies under this Agreement, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, provision, condition, right or remedy or as a
waiver of any other term, provision or condition of this Agreement. 
  
 Section 8.5  Sharing of
Participant Information.  Crown and Constar shall share, Crown shall cause each applicable member of the Crown Group to share, and Constar shall cause each applicable member of the Constar Group to share, with each other and their
respective agents and vendors (without obtaining releases) all participant information necessary for the efficient and accurate administration of each of the Crown Plans and the Constar Plans. Crown and Constar and their respective authorized agents
shall, subject to applicable laws on confidentiality, be given reasonable and timely access to, and may make copies of, all information relating to the subjects of this Agreement in the custody of the other Party, to the extent necessary for such
administration. 
  
 Section 8.6  Entire Agreement.  This Agreement constitutes the
entire understanding of the Parties with respect to the subject matter herein addressed, superseding all negotiations, prior discussions and prior agreements and understandings relating to such subject matter. 
  
 Section 8.7  Parties in Interest.  Neither of the Parties may assign its rights or delegate any of its
duties under this Agreement without the prior written consent of the other Party (which consent shall not be unreasonably withheld or delayed). This Agreement shall be binding upon, and shall inure to the benefit of, the Parties and their respective
successors and permitted assigns. 
  
 Section 8.8  No Third-Party Beneficiaries; No Termination
of Employment.  No provision of this Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any Active Constar Employee or Former Constar Employee under any
Crown Plan or Constar Plan or otherwise. Without limiting the generality of the foregoing, neither the Offering nor the termination of the controlled group status of a member of the Constar Group shall cause any employee to be deemed to have
incurred a termination of employment that by itself entitles such individual to the commencement of benefits under any of the Crown Plans, any of the Constar Plans, or any individual agreements. 
  

Section 8.9  Right to Amend or Terminate Any Plans.  Nothing in this Agreement other than those provisions specifically set forth in
this Agreement to the contrary shall preclude Constar or Crown, at any time after the Closing Date, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any Constar Plan or Crown Plan,
respectively, any benefit under any Plan or any trust, insurance policy or funding vehicle related to any Constar Plan or Crown Plan. 

 
 18 

  
 Section 8.10  Effect if Offering Does Not
Occur.  If the Offering does not occur, then all actions and events that are, under this Agreement, to be taken or occur effective as of the Closing Date, immediately after the Closing Date, or otherwise in connection with the
Offering, shall not be taken or occur except to the extent specifically agreed to in writing by Constar and Crown. 
  
 Section 8.11  Relationship of Parties.  Nothing in this Agreement shall be deemed or construed by the Parties or any third party as creating the relationship of principal and agent, or a partnership
or joint venture between the Parties, it being understood and agreed that no provision contained in this Agreement, and no act of the Parties, shall be deemed to create any relationship between the Parties other than the relationship set forth in
this Agreement. 
  
 Section 8.12  Affiliates.  Each of Crown and Constar shall
cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by members of the Crown Group or members of the Constar Group, respectively, where relevant.

  
 Section 8.13  Audits.  
  
 (a)  Audit Rights With Respect to Information Provided. 
  
 (i)  Each of Crown and Constar, and their duly authorized representatives, shall have the right to conduct audits at any time upon reasonable prior notice, at their own expense, with respect
to all information provided to it or to any Plan trustee, recordkeeper or third-party administrator by the other Party. The Party conducting the audit shall have the sole discretion to determine the procedures and guidelines for conducting audits
and the selection of audit representatives under this Section. The auditing Party shall have the right to make copies of any records at its expense. The Party being audited shall provide the auditing Party’s representatives with reasonable
access during normal business hours to its operations, computer systems and paper and electronic files, and provide workspace to its representatives. After any audit is completed, the Party being audited shall have the right to review a draft of the
audit findings and to comment on those findings in writing within ten business days after receiving such draft. 
  
 (ii)  The auditing Party’s audit rights under this Section shall include the right to audit, or participate in an audit facilitated by the Party being audited, of any Subsidiaries and affiliates of the Party being
audited and of any benefit providers and third parties with whom the Party being audited has a relationship, or agents of such Party, to the extent any such persons are affected by or addressed in this Agreement. The Party being audited shall, upon
written request from the auditing Party, provide an individual (at the auditing Party’s expense) to supervise any audit of any such benefit provider or third-party. The auditing Party shall be responsible for supplying, at its expense,
additional personnel sufficient to complete the audit in a reasonably timely manner. 
  
 Section
8.14  Further Assurances and Consents.  In addition to the actions specifically provided for elsewhere in this Agreement, each of the Parties will use its reasonable best efforts to (a) execute and deliver such further
instruments and documents and take such 

 
 19 

 
other actions as any other Party may reasonably request in order to effectuate the purposes of this Agreement and to carry out the terms of this Agreement and (b) take, or cause to be taken, all
actions, and to do, or cause to be done, all things, reasonably necessary, proper or advisable under applicable laws, regulations and agreements or otherwise to consummate and make effective the transactions contemplated by this Agreement,
including, without limitation, using its reasonable best efforts to obtain any consents and approvals and to make any filings and applications necessary or desirable in order to consummate the transactions contemplated by this Agreement; provided
that no Party shall be obligated to pay any consideration therefor (except for filing fees and other similar charges) to any third-party from whom such consents, approvals and amendments are requested or to take any action or omit to take any action
if the taking of or the omission to take such action would be unreasonably burdensome to the Party. 
  
 Section
8.15  Severability.    The provisions of this Agreement are severable and should any provision of this Agreement be void, voidable or unenforceable under any applicable law, such provision shall not affect or
invalidate any other provision of this Agreement, which shall continue to govern the relative rights and duties of the Parties as though such void, voidable or unenforceable provision were not part of this Agreement. 
  
 Section 8.16  Governing Law.    Subject to federal law, this Agreement shall be construed in
accordance with, and governed by, the laws of the Commonwealth of Pennsylvania, without regard to the conflicts of law rules of such state. 
  
 Section 8.17  Counterparts.    This Agreement may be executed in one or more counterparts each of which shall be deemed an original instrument, but all of
which together shall constitute but one and the same Agreement. 
  
 Section 8.18  Disputes. 

  
 (a)  Resolution of any and all disputes arising from or in connection with this Agreement, whether
based on contract, tort, statute or otherwise, including, but not limited to, disputes in connection with claims by third parties (collectively, “Disputes”), shall be subject to the provisions of this Section 8.18; provided, however, that
nothing contained in this Agreement shall preclude either Party from seeking or obtaining (i) injunctive relief or (ii) equitable or other judicial relief to enforce the provisions of this Agreement or to preserve the status quo pending resolution
of Disputes hereunder. 
  
 (b)  Either Party may give the other Party written notice of any Dispute not
resolved in the normal course of business. The parties shall attempt in good faith to resolve any Dispute promptly by negotiation between executives of the parties who have authority to settle the controversy and who are at a higher level of
management than the persons with direct responsibility for administration of this Agreement. Within 30 days after delivery of the notice, the foregoing executives of both parties shall meet at a mutually acceptable time and place, and thereafter as
often as they reasonably deem necessary for a period not to exceed 15 business days, to attempt to resolve the Dispute. All reasonable requests for information made by one Party to the other will be honored. If the parties do not resolve the Dispute
within such 45 business day period (the “Initial Negotiation Period”), the Parties shall attempt in good faith to resolve the Dispute by negotiation between (a) in the case of Crown, the Chief Financial Officer
 

 
 20 

 
and (b) in the case of Constar, the Chief Financial Officer (collectively, “Designated Officers”). Such officers shall meet at a mutually acceptable time and place (but in any event no
later than 15 business days following the expiration of the Initial Negotiation Period) and thereafter as often as they reasonably deem necessary for a period not to exceed 15 business days, to attempt to resolve the Dispute. 

 
 (c)  If the Dispute has not been resolved by negotiation within 75 business days of the first Party’s notice, or
if the Parties failed to meet within 30 business days of the first Party’s notice, or if the Designated Officers failed to meet within 60 business days of the first Party’s notice, either Party may commence any litigation or other
procedure allowed by law. 
  
 Section 8.19  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. This Agreement shall be binding upon, and shall inure to the
benefit of, the Parties and their respective successors and permitted assigns. Notwithstanding the foregoing, 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, refinancings and replacements thereof. 
  
 Section 8.20  Interpretation.    Words in the singular shall be held to include the plural and vice versa and words of one gender shall be held to include
the other genders as the context requires. The word “including” and words of similar import when used in this Agreement means “including, without limitation,” unless the context otherwise requires or unless otherwise specified.

  
 Section 8.21  Headings.    The Article and Section headings contained
in this Agreement are solely for the purpose of reference, are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of this Agreement. 
  
 *    *    *    *    * 

 
 21 

 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement as of the day and year first above written.

  
  
 
	 CROWN CORK & SEAL COMPANY, INC.
 
	 
	 By:
 	 	         /s/    TORSTEN J.
KREIDER
 

	  	 	 Name: Torsten J. Kreider
 
	  	 	 Title: Vice President - Planning & Development
 
	 
	 Attest:
  
 [Corporate Seal]
 
	 
	 By:
 	 	         /s/    WILLIAM T.
GALLAGHER
 

	  	 	 Name: William T. Gallagher
 
	  	 	 Title: Secretary
 
	 
	 CONSTAR INTERNATIONAL INC. 
 
	 
	 By:
 	 	         /s/    JAMES C.
COOK
 

	  	 	 Name: James C. Cook
 
	  	 	 Title: Executive Vice President,
           Chief Financial Officer and Secretary
 

 
  

 
 22 

 Appendix A—Welfare Plans 
  
 Part 1.  Crown Welfare Plans 
  
 1.      Medical Plan 
  
 2.      Dental Plan 
  
 3.      Life Insurance 
  
 4.      Long-Term Disability 
  
 5.      Supplemental Accident Insurance 
  
 6.      Cafeteria Plan 
  
 7.      Health Care Spending Account 
  
 8.      Dependent Care Spending Account 
  
 9.      Retiree Medical Plans for Salaried, Hourly and Union employees 
  
 10.    Life Insurance Program 
  
 11.    Severance Pay Policy 
  
 12.    Employee Assistance Program 
  
 13.    Tuition Reimbursement 
  
 14.    Business Travel Accident Insurance 
  
 15.    Vacation Policy 

 
 23 

 Part 2.    Constar Welfare Plans 
  
 1.      Medical Plan 
  
 2.      Dental Plan 
  
 3.      Life Insurance 
  
 4.      Long-Term Disability 
  
 5.      Supplemental Accident Insurance 
  
 6.      Cafeteria Plan 
  
 7.      Health Care Spending Account 
  
 8.      Dependent Care Spending Account 
  
 9.      Retiree Medical Plans for Salaried and Hourly employees 
  
 10.    Life Insurance Program 
  
 11.    Severance Pay Policy 
  
 12.    Employee Assistance Program 
  
 13.    Tuition Reimbursement 
  
 14.    Business Travel Accident Insurance 
  
 15.    Vacation Policy 

 
 24 

 Appendix B—Retirement Plans 
  
 Part 1—Crown Retirement Plans 
  
 1.    “Crown Pension Plans” means collectively, 
  
 a)    the Crown Salaried Pension Plan; 
  
 b)    the Crown Hourly Pension Plan; and 
  
 c)    the Crown Hourly Pension Plan for Constar Employees. 
  
 2.    “Crown Savings Plans” means collectively, 
  
 a)    the Crown 401(k) Retirement Savings Plan; and 
  
 b)    the Crown Thrift Plan. 
  
 Part 2—Constar Retirement Plans

  
 1.    “Constar Pension Plans” means collectively, 
  
 a)    the Constar Salaried Pension Plan; and 
  

b)    the Constar Hourly Pension Plan. 
  
 2.    “Constar Savings Plan” means, 
  
 a)    the Constar 401(k) Retirement Savings Plan. 

 
 25 

 Appendix C—Transition Employees 
  
 The following employees have been classified as “Transition Employees” as defined in Section 7.2 of the Agreement: 
  
 [***] 
 

	[***]
	 
	Confidential treatment requested 
 

 
 26VOGHERA PET PERFORM SUPPLY AGREEMENT

 Exhibit 10.11 
  
 Execution Copy 
  
 VOGHERA PET PREFORM SUPPLY AND LEASE OF RELATED
ASSETS AGREEMENT 
  
 THIS IS A VOGHERA PET PREFORM SUPPLY AND LEASE OF RELATED ASSETS AGREEMENT (the
“Agreement”), dated as of November 12, 2002, by and among Crown Cork Italy S.p.A., an indirect subsidiary of Crown (“Supplier”) and Constar Plastics of Italy S.r.l., an indirect subsidiary of Constar
(“Purchaser”). 
  
 Background 
  
 Supplier will supply directly to the Constar Customers on Purchaser’s behalf and Purchaser will purchase from Supplier on the terms and conditions set forth herein,
PET preforms presently manufactured at Supplier’s facility in Voghera, Italy (the “Voghera Facility”). 
  
 Terms 
  
 NOW, THEREFORE, in consideration of the mutual covenants herein and intending to be
legally bound hereby, the parties hereto agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS 
  
 1.1.    Certain Definitions.    Capitalized terms not defined in this Agreement shall have the meanings ascribed to them in the Corporate Agreement, dated as of the date hereof, between
Crown and Constar. As used in this Agreement, the following terms shall have the respective meanings set forth below: 
  
 1.1.1.    “AAA” has the meaning set forth in Section 7.4. 
  
 1.1.2.    “Affiliate” of any Person means any Person, directly or indirectly, controlling, controlled by or under common control with such Person. 
  
 1.1.3.    “Agreement” has the meaning set forth in the preamble to the Agreement.

  
 1.1.4.    “Bankruptcy Event” means with respect to any
party, as applicable, (a) the making by such party of any assignment for the benefit of creditors of all or substantially all of its assets or the admission by such party in writing of inability to pay all or substantially all of its debts as they
become due; (b) the adjudication of such party as bankrupt or insolvent or the filing by such party of a petition or application to any tribunal for the appointment of a trustee or receiver for such party or any substantial part of the assets of
such party; or (c) the

 
commencement of any voluntary or involuntary bankruptcy proceedings (and, with respect to involuntary bankruptcy proceedings, the failure to be discharged within 60 days), reorganization
proceedings or similar proceeding with respect to such party or the entry of an order appointing a trustee or receiver or approving a petition in any such proceeding. 
  
 1.1.5.    “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banks in Rome, Italy are
authorized or obligated by law or executive order to not open or remain closed. 
  
 1.1.6.    “Constar” means Constar International Inc., a Delaware corporation. 
  
 1.1.7.    “Constar Customers” has the meaning set forth in Section 2.1. 
  
 1.1.8.    “Control,” “controlled by” and “under common control with”, as applied to
any Person, means the possession, directly or indirectly, of the power to direct the vote of a majority of the votes that may be cast in the election of directors (or other Persons acting in similar capacities) of such Person or otherwise to direct
or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 
  
 1.1.9.    “Crown” means Crown Cork & Seal Company, Inc., a Pennsylvania corporation. 
  
 1.1.10.    “Force Majeure Event” has the meaning set forth in Section 6.4.

  
 1.1.11.    “Full Industrial Cost” means the sum of direct
costs plus a reasonable share of overhead costs. 
  
 1.1.12.    “Initial
Term” has the meaning set forth in Section 6.1. 
  
 1.1.13.    “Lease” has the meaning set forth in Section 5.1. 
  
 1.1.14.    “Margin” means the difference between total sales to Constar Customers less the cost paid for related PET Preforms to Supplier and less the depreciation on the assets sold by the
Supplier to the Purchaser. 
  
 1.1.15.    “Person” means an
individual, a corporation, a partnership, an association, a governmental entity, a trust or other entity or organization. 
  
 1.1.16.    “PET” shall mean polyethylene terephthalate. 
  
 1.1.17.    “PET Preforms” means all existing types of PET preforms manufactured at the Voghera Facility as of the Initial Public Offering Date, which types of PET preforms are set forth,
for the avoidance of doubt, on Schedule A hereto (the “Existing PET Preforms”). PET Preforms shall also include any other PET preforms that are identified and mutually agreed upon by Supplier and Purchaser after the Initial
Public Offering Date from time to time (the “New PET Preforms”). 
  
 1.1.18.    “Production Request” has the meaning set forth in Section 2.1. 
  
 1.1.19.    “Purchaser” has the meaning set forth in the preamble to the Agreement. 
  
 1.1.20.    “Release Request” has the meaning set forth in Section 2.1. 

 
 2 

  
 1.1.21.    “Supplier” has
the meaning set forth in the Preamble to the Agreement. 
  
 1.1.22.    “Term” has the meaning set forth in Section 6.1. 
  
 1.1.23.    “Transfer Date” has the meaning set forth in Section 5.1. 
  
 1.1.24.    “Voghera Assets” means those assets set forth in Schedule C. 
  
 1.1.25.    “Voghera Facility” has the meaning set forth in the Background section of this Agreement. 
  
 ARTICLE II 
  
 PURCHASE
OF REQUIREMENTS 
  
 2.1.    Purchase Requirements.

  
 (a)  Subject to the other provisions of this Article II, Purchaser agrees to purchase from Supplier
100% of Purchaser’s requirements for PET Preforms for Purchaser’s customers specified on Schedule B hereto (the “Constar Customers”). 
  
 (b)  At least 31 days prior to the beginning of each year, Purchaser shall provide Supplier with a non-binding forecast for the PET Preforms that it will purchase
from Supplier during such year, which shall represent a good faith estimate of Purchaser’s requirements for PET Preforms for the Constar Customers. On or before the 15th day of each month, Purchaser shall submit a firm order for production during the following month (a “Production Request”), which
shall not exceed 20 million PET Preforms, and a non-binding forecast for the following two months, which forecast shall represent a good faith estimate of Purchaser’s requirements for such two months. Purchaser shall be deemed to purchase, and
shall be responsible for payment to Supplier for, any PET Preforms manufactured by Supplier in response to a Production Request, regardless of whether Purchaser submits a Release Request for such PET Preforms. In addition, to maximize utilization of
the Voghera Assets, Supplier may produce PET Preforms based upon Purchaser’s non-binding forecasts. If Purchaser provides its written consent to such production, Purchaser shall be deemed to purchase, and shall be responsible for payment to
Supplier for, any PET Preforms manufactured by Supplier in response to such forecast, regardless of whether Purchaser submits a Release Request for such PET Preforms. At any time that Supplier is holding greater than 20 million PET Preforms in
inventory at the Voghera Facility in response to Production Requests or approved production based on Purchaser’s forecasts, Supplier shall promptly notify Purchaser of the number and type of PET Preforms held in inventory and shall not be
obligated to accept Production Requests or to produce and hold PET Preforms until such inventory is reduced below 20 million PET Preforms. 
  
 (c)  From time to time Purchaser may submit requests to release PET Preforms for shipment (“Release Requests”) to Supplier. So long as the aggregate amount of PET Preforms released during a month
does not exceed that month’s Production Request and agreed existing 
  

 
 3 

 
stockholdings, Supplier shall satisfy any Release Request; provided, that Supplier shall not be obligated, but shall use commercially reasonable efforts, to ship PET Preforms pursuant to a
Release Request on less than 5 days notice. In the event that the aggregate amount of PET Preforms released during a month exceeds that month’s Production Request and agreed existing stockholdings, Supplier shall use its commercially reasonable
efforts to satisfy the Release Request; provided, however, that in no event shall Supplier be obligated to utilize production equipment other than the Voghera Assets. With respect to Release Requests that (in the aggregate, if
applicable) do not exceed the relevant month’s Production Request, Supplier will ship no less than 95% of the released PET Preforms to the Constar Customers, as directed by Purchaser, OTIF (on time, in full). The measurement of OTIF shipments
shall conform to historic practices of the Voghera Facility. If Supplier is unable to satisfy a Release Request, Supplier shall promptly notify Purchaser. After such notification, Purchaser may, at its option, direct Supplier to resequence
utilization of the Voghera Assets to satisfy the Release Request; provided, however, that, in the event that the aggregate amount of PET Preforms released during a month exceeds that month’s Production Request, Supplier shall be
under no obligation to resequence utilization of the Voghera Assets if such resequencing would adversely effect Supplier’s other operations at the Voghera Facility. If Supplier is unable to satisfy a Release Request that (in the aggregate, if
applicable) did not exceed the relevant month’s Production Request and Purchaser is able to secure an alternative supply, such PET Preforms shall not be included in calculating the requirements commitment in clause (a) above. Purchaser shall be
deemed to purchase, and shall be responsible for payment to Supplier for, any PET Preforms shipped by Supplier in response to a Release Request, regardless of whether the Constar Customer ultimately pays Purchaser for such PET Preforms. Supplier
shall not be responsible for collecting payment from the Constar Customer for PET Preforms manufactured and shipped hereunder. 
  
 (d)  Consistent with historic practices at the Voghera Facility, Purchaser shall provide Supplier, or shall direct the Constar Customers to provide Supplier, at Supplier’s cost, with resin necessary to produce the PET
Preforms. All invoices from Purchaser or a Constar Customer to Supplier for resin shall be paid by Supplier on or before the last day of the month containing the date which is 70 days after the invoice date. Supplier shall not be deemed to breach
this Agreement as a result of, and shall have no liability to Purchaser for, any failure to perform its obligations hereunder that results from the failure of Purchaser or the Constar Customers to provide Supplier with resin necessary to produce the
PET Preforms. 
  
 (e)  Within 30 calendar days of the end of each three-month period ending March 31, June
30, September 30 and December 31 of each year during the Term, Purchaser shall provide Supplier a certificate from a member of it’s senior management attesting to Purchaser’s conformance to its obligations under Section 2.1(a) of this
Agreement during such three-month period. If Purchaser does not provide such certificate to Supplier within such 30 calendar day period or upon Supplier’s request, Purchaser shall permit Supplier’s outside accountants to access the books
and records of Purchaser in order to review the books and records relating to purchases of such PET Preforms by the Constar Customers. 
  
 (f)  Notwithstanding the foregoing, Supplier shall not be required to manufacture and/or ship any specific PET Preforms if Supplier reasonably determines that any such 

 
 4 

  
 manufacture or shipment will result in a material violation of any applicable governmental laws or
regulations. 
  
 (g)  The parties agree to use good faith efforts to modify the provisions of this Section
2 if either party is unsatisfied with the operation of such provisions; provided, that no party shall be under any obligation to agree to any such changes. 
  
 ARTICLE III 
  
 PRICE 
  
 3.1.    Pricing.    (a)  For Existing PET Preforms, Purchaser will pay to
Supplier the prices set forth on Schedule A hereto for the relevant PET Preforms purchased pursuant to this Agreement. 
  
 (b)  For New PET Preforms, mutually agreeable pricing will be established between Supplier and Purchaser on a case-by-case basis. Supplier shall have no obligation to supply, and Purchaser shall have no obligation to
purchase, New PET Preforms for which pricing cannot be agreed upon and any such New PET Preforms shall not be calculated in the requirements commitment set forth in Section 2.1(a). If pricing of New PET Preforms is agreed upon, such New PET Preforms
shall be calculated in such requirements commitment. 
  
 ARTICLE IV 
  
 DELIVERY 
  
 4.1.    Delivery.    Delivery of all PET Preforms sold under this Agreement shall be F.O.B. Supplier at the Voghera Facility. Title and risk of loss or damages to all PET Preforms shall
pass to Purchaser upon shipment, F.O.B. point, by Supplier to Purchaser. Purchaser shall pay for all freight and other costs associated with shipment of PET Preforms to the location of delivery. For PET Preforms delivered F.O.B. Supplier, Supplier
shall furnish the facilities and personnel for loading PET Preforms at the F.O.B. point. 
  
 4.2.    Payment.    Supplier shall provide invoices to Purchaser for PET Preforms and, if applicable, shipping or other charges upon the earlier of (i) release of such PET Preforms
pursuant to a Release Request or (ii) 90 days from the date of acceptance of the Production Request pursuant to which such PET Preforms were produced. All invoices from Supplier to Purchaser for PET Preforms shall be paid by Purchaser on or before
the last day of the month containing the date which is 40 days after the invoice date. 

 
 5 

  
 ARTICLE V 
  
 LEASE OF RELATED ASSETS 
  
 5.1.    Lease and Removal of Voghera Assets.    The Voghera Assets shall remain at the Voghera Facility and Supplier shall, subject to the terms and
conditions set forth in this Article V, lease the Voghera Assets from Purchaser for the Term (the “Lease”). Within 90 days after the last day of the Term, Purchaser shall remove, at its expense, and shall be solely responsible for
removing, the Voghera Assets from the Voghera Facility (the “Transfer Date”). Purchaser shall provide Supplier with written notice of the Transfer Date at least 60 Business Days prior to the Transfer Date. If the Voghera Assets
shall not be removed on or prior to the Transfer Date, Purchaser shall reimburse Supplier all costs and expenses incurred by Supplier on account of maintaining and storing the Voghera Assets at the Voghera Facility, and any other incidental,
consequential or other damages or losses incurred by Supplier as a result of such non-removal until Purchaser removes the Voghera Assets. Notwithstanding the preceding sentence or anything else in this Agreement to the contrary, Supplier shall have
no responsibilities or obligations of any kind, including, without limitation, as to operation, storage, insurance or maintenance, with respect to the Voghera Assets after the Transfer Date. 
  
 5.2.    Rent.    Consideration for the lease of Voghera Assets from Purchaser to Supplier for the Term is incorporated in the
prices for Existing PET Preforms included in Schedule A and will be included in the prices for any New PET Preforms. 
  
 5.3.    Insurance.    Supplier shall maintain adequate insurance with respect to the Voghera Assets insuring against such risks customarily insured against in accordance with
Supplier’s practice until their removal from the Voghera Facility by Purchaser in accordance with Section 5.1 or until 90 days after the Term, whichever is earlier. Supplier shall, upon Purchaser’s reasonable request, provide evidence of
insurance and appropriate loss payable endorsements in favor of Purchaser. Purchaser hereby assumes and shall bear the entire risk of damage, whether or not insured against, of the Voghera Assets arising out of the operation of the Voghera Assets or
arising out of Purchaser’s breach of this Agreement, negligence or willful misconduct. 
  
 5.4.    Maintenance and Improvements.    During the Term, Supplier shall perform all maintenance reasonably required to keep the Voghera Assets in good operating order, repair, condition
and appearance and in accordance with normal industry standards, normal wear and tear and impairments of value excepted. Notwithstanding the foregoing, Purchaser, and not Supplier or any of its Affiliates, shall be obliged to conduct, or cause to be
conducted, mold refurbishments reasonably required to maintain the Voghera Assets and shall be responsible for the cost of repairing or replacing any Voghera Assets that are defective or malfunctioning (except to the extent that such defects or
malfunctions arise as a result of Supplier’s failure to maintain the Voghera Assets in accordance with the first sentence of this Section 5.4). Prior to the start of each calendar year, Supplier shall provide Purchaser with an estimate of
capital investments with respect to the Voghera assets for the next year. Neither Supplier nor any of its

 
 6 

 
Affiliates shall make any capital expenditures in respect of capital investments with respect to the Voghera Assets without the prior written consent of Purchaser. Upon receipt of such consent,
Supplier shall make, or cause to be made, such capital expenditures and shall invoice Purchaser for any expenses incurred in undertaking such capital expenditures. If Purchaser does not consent to, or agree to reimburse Supplier for any such capital
expenditures, neither Supplier nor any of its Affiliates shall have any obligation to make such capital expenditures and none of them shall be liable for any interruptions or deficiencies if the supply of PET Preforms under this Agreement, any
deterioration of the Voghera Assets or any other liability, arising out of or resulting from the failure to make any such capital expenditure. The parties agree that capital expenditures subject to approval and reimbursement by Purchaser shall not
include costs associated with routine maintenance (other than mold refurbishments) covered by the first sentence of this Section 5.4. 
  
 5.5.    Warranties.    During the Term, Purchaser assigns to Supplier, and Supplier may have the benefit of any and all manufacturers’ warranties, service agreements and
patent indemnities (copies of same to be provided to Supplier), if any, with respect to the Voghera Assets, to the extent assignable by Purchaser, until they are removed by Purchaser. 
  
 5.6.    No Interference.    Purchaser covenants that it shall not grant or convey any interest that, if used or enjoyed in
accordance with its terms, would interfere with the use, enjoyment, or operation of the Voghera Assets by Supplier, its Affiliates or their respective permitted successors, assigns or subtenants at any time prior to the removal of the Voghera Assets
by Purchaser; provided, that Purchaser shall be permitted to grant a security interest in the Voghera Assets to secure the indebtedness of Purchaser or any of its Affiliates. 
  
 5.7.    Possession and Quiet Enjoyment.    Purchaser covenants with Supplier that Supplier and its Affiliates will enjoy
quiet possession of the Voghera Assets and the right to use the Voghera Assets free from claims of persons in possession and third parties claiming rights thereto. 
  
 5.8.    Access.    Prior to the Transfer Date, representatives of Purchaser may, at their own expense, during normal business
hours and upon reasonable notice, inspect the Voghera Assets and have access to the employees whose primary responsibilities relate to the Voghera Assets; provided, that a representative of Supplier shall be present at all such times; and,
provided, further, that no exercise of such inspection shall materially interfere with the normal operation of the Voghera Assets or the business of Supplier. 
  
 ARTICLE VI 
  
 TERM,
DEFAULT AND OTHER PROVISIONS 
  
 6.1.    Term.    This Agreement shall commence upon the Initial Public Offering Date and shall continue until December 31, 2003 (the “Initial Term”). Subject to
Purchaser’s ability to obtain at least one renewal of the supply agreement from Constar Customers, Purchaser hereby agrees to purchase from Supplier 100% of Purchaser’s requirements for PET Preforms for Constar Customers provided that
terms and conditions offered by Supplier are arm’s length and, in particular, the sale price allows the Purchaser a margin of at least 5% on sales to Constar Customers and does not exceed Supplier’s Full Industrial Cost increased by a 5%
mark-up.

 
 7 

  
 6.2.    Events of
Default.    (a)  The following shall be considered events of default and shall give rise to a right of Supplier to terminate this Agreement within 45 days of Supplier’s discovery of such event of default: (i)
Purchaser fails to make timely payments for invoiced PET Preforms, subject to a 30-day cure period after notice regarding such breach, (ii) Purchaser materially breaches any other applicable provision of this Agreement, subject to a 30-day cure
period after notice regarding such breach or (iii) Purchaser or Constar experiences a change of Control such that Purchaser or Constar is controlled by a competitor of either Constar or Crown (provided that such termination shall not be effective
until six months from the date of the Change of Control). If Purchaser or Constar suffers a Bankruptcy Event, Supplier shall have the right to unilaterally make reasonable modifications to the payment terms set forth in Section 4.2 of the Agreement
at any time after such Bankruptcy Event. Supplier shall promptly notify Purchaser of any such modifications to the payment terms of this Agreement. 
  
 (b)  The following shall be considered events of default and shall give rise to a right of Purchaser to terminate this Agreement within 45 days of Purchaser’s discovery of such event of
default: (i) Supplier materially breaches any applicable provision of this Agreement, subject to a 30-day cure period after notice regarding such breach or (ii) Supplier or Crown experiences a change of Control such that Supplier or Crown is
controlled by a competitor of either Constar or Crown (provided that such termination shall not be effective until six months from the date of the Change of Control). 
  
 (c)  Each party shall provide the other party with prompt notice upon discovery of a default by the other party; provided, that failure to give such notice shall
not limit or restrict the ability of a party to terminate this Agreement subject to the cure periods provided in this Section 6.2. 
  
 6.3.    No Waiver.    If the party not in default continues to make or accept shipments, as the case may be, despite the other party’s default, such action shall not
constitute a waiver of the default, or in any way affect the rights under this Agreement of the party not in default. A waiver by either party of any breach of any provision shall not constitute a waiver of any other breach of such provision or of
any other provision. 
  
 6.4.    Force Majeure.    Neither Supplier
nor Purchaser shall be responsible for any failure or delay in performance due to causes beyond the reasonable control of the affected party that render performance commercially impracticable (a “Force Majeure Event”). Any party, if
affected by any such cause, may, upon written notice to the other specifying the reasons therefor, reduce its obligations to the other by an amount not in excess of the quantity that it is unable to deliver or purchase due to such cause. In the
event such a curtailment by either party continues in whole or in part for a period of 5 continuous days, then, in the case of a Supplier Force Majeure Event, Purchaser may arrange for temporary supply of its requirements until Supplier can resume
delivery of PET Preforms to Purchaser, and, in the case of a Purchaser Force Majeure Event, Purchaser shall use its best efforts to sell to third parties those PET Preforms
 

 
 8 

 
which would have been delivered to the Constar Customers on Purchaser’s behalf (in accordance with Purchaser’s delivery schedule) in the absence of such curtailment. Notwithstanding
anything to the contrary in this Agreement, this provision shall not apply to or otherwise excuse the failure to pay any uncontested costs or fees due under this Agreement when due (including payment for PET Preforms produced in accordance with
Section 2.1(b), regardless of whether Purchaser submits a Release Request for such PET Preforms). 
  
 6.5.    Warranty; Limitation of Liability.    (a)  Supplier warrants that all PET Preforms sold to Purchaser (i) shall be free from defects in workmanship and materials, except
for any defects arising out of actions taken by or at the direction of Purchaser or materials provided by or on behalf of Purchaser and (ii) shall comply with the historical specifications for Existing PET Preforms and with any agreed upon
specifications for New PET Preforms. Supplier’s liability under this warranty, whether in contract or tort, shall be limited exclusively to the repayment of the purchase price of the defective PET Preforms. Supplier will make no other
warranties with respect to the PET Preforms. OTHER THAN THE ABOVE WARRANTY, SUPPLIER MAKES NO WARRANTY, WHETHER OF MERCHANTABILITY, FITNESS OR OTHERWISE, EXPRESS OR IMPLIED, IN FACT OR BY LAW, AND SUPPLIER SHALL HAVE NO FURTHER OBLIGATION OR
LIABILITY UNDER THE ABOVE WARRANTY OR WITH RESPECT TO THE PET PREFORMS. SUBJECT TO THE FOLLOWING SENTENCE, SUPPLIER SHALL IN NO EVENT BE LIABLE FOR PUNITIVE, CONSEQUENTIAL OR INCIDENTAL DAMAGES. 
  

(b)  Purchaser agrees to waive all claims for shortages in the PET Preforms ordered and received hereunder unless such claims are submitted in writing to
Supplier within 30 days after receipt of notice from the Constar Customer of such shortage. 
  
 (c)  Subject to the above provisions, Purchaser shall not bring any other action arising hereunder unless such action is brought within one year after the date such cause of action accrues. 
  
 (d)   Supplier shall not be liable for, and Purchaser assumes responsibility for, all personal injury and property damage
resulting from the handling, possession, use or resale of the PET Preforms produced hereunder after such PET Preforms are delivered to the Constar Customer, whether the same is used alone or in combination with other substances, except to the extent
any such personal injury or property damage results from the willful misconduct of Supplier. 
  
 6.6.    Confidentiality; Disclosures. 
  
 6.6.1.    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, cost components, payment terms, technical knowledge, features, know-how, material, manufacturing, Release Requests, Production Requests, tooling and equipment
specifications and other
 

 
 9 

 
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. 
  
 6.6.2.    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. 
  
 6.6.3.    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; provided, however, that any inventions, discoveries, technical knowledge or know-how relating to the manufacture or sale of PET preforms or containers and arising from the Voghera Assets or the production of PET Preforms
pursuant to this Agreement shall belong exclusively to Purchaser and Supplier hereby irrevocably and unconditionally assigns and transfers to Purchaser all rights of every kind, nature or description that Supplier may have in or to such inventions,
discoveries, technological knowledge or know-how. 
  
 6.6.4.    Return of Confidential
Information.    Upon the written request of a party which has disclosed information covered by Section 6.6 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. 

 
 10 

  
 6.7.    Right of
Setoff.    Purchaser and Supplier shall waive all rights of setoff and recoupment either may have against the other or any of the other’s Affiliates with respect to all amounts which may be owed from time to time
pursuant to this Agreement. 
  
 6.8.    Indemnification.    With
respect to PET Preforms manufactured by Supplier pursuant to this Agreement, Purchaser shall defend, indemnify and hold Supplier and its Affiliates and their respective officers, directors, employees, successors and permitted assigns harmless
against any and all liability, damage, loss, cost or expense arising out of (i) the manufacture, use or sale of such PET Preforms or any products liability arising therefrom (except any liability directly related to and directly caused by the gross
negligence or willful misconduct of Supplier in manufacturing the PET Preforms) and (ii) all claims, suits or actions for bodily injuries suffered in connection with the operations or maintenance of the Voghera Assets and arising out of
Purchaser’s breach of this Agreement, negligence or willful misconduct. Furthermore, Purchaser shall indemnify, defend and hold Supplier and its Affiliates and their respective officers, directors, employees, successors and permitted assigns
harmless against all damages, claims, judgments, decrees, costs, expenses and demands for unfair competition or infringement of any United States or foreign trademark or copyright as a direct result of Supplier’s manufacture of PET Preforms for
Purchaser conforming to the specifications required by Purchaser or the failure of such conforming PET Preforms to comply with any federal, state, local or other law or regulation. Supplier shall not settle any claim for which it is entitled to
indemnification hereunder without the written consent of Purchaser, which consent shall not be unreasonably withheld. 
  
 ARTICLE VII 
  
 MISCELLANEOUS 
  

7.1.    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:

  
 if to Purchaser, to: 
  
 Constar International Inc. 
 One Crown Way

 Philadelphia, PA 19154-4599 
 Attention: Michael J. Hoffman 
 Facsimile: 
  
 if to Crown, to: 

 
 11 

  
 Crown Cork Italy S.p.A. 
 Via Lomellina 134 
 27058 Voghera

 Attention: Paolo Minardi 
 Facsimile: 
  
 with a copy to 
  

Crown Cork & Seal Company, Inc. 
 One
Crown Way 
 Philadelphia, PA 19154 
 Attention: Facsimile: 
  
 or to such other addresses or telecopy numbers as may be specified by like notice to the other
parties. 
  
 7.2.    Independent Contractor.    None of the parties is
now, nor shall it be made by this Agreement, an agent or legal representative of the other party for any purpose, and neither party has any right or authority to create any obligation, express or implied, on behalf of the other party, to accept any
service of process upon it, or to receive any notices of any kind on its behalf. All activities by Supplier hereunder shall be carried on by Supplier as an independent contractor and not as an agent for Purchaser. 
  
 7.3.    Governing Law.    This Agreement shall be governed by and construed in accordance
with the laws of the Commonwealth of Pennsylvania. 
  
 7.4.    Dispute
Resolution:  Negotiation and Arbitration. 
  
 7.4.1.    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
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. 
  
 7.4.2.    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 7.4 (and any of the parties’ submissions in
 

 
 12 

 
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. 
  
 7.4.3.    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. 
  
 7.4.4.    The Commercial Arbitration Rules of the AAA, as modified or revised by the provisions of this Section 7.4, 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. 

 
 7.4.5.    Resolution of disputes under the procedures of this Section 7.4 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 7.4. 
  
 7.5.    Consent to Jurisdiction. 
  
 Supplier and Purchaser 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 7.4), 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. 
  
 7.6.    Entire
Agreement.    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. 

 
 13 

  
 7.7.    Successors/No Third Party
Beneficiaries.    This Agreement shall not be assignable, except that (i) Supplier may, after giving notice to Purchaser, assign its rights and obligations under this Agreement so long as the assignee agrees in writing to
assume Supplier’s obligations hereunder; provided, that Supplier shall not assign its rights and obligations under this Agreement to a competitor of Purchaser in the PET preform and container industry without the prior written consent of
Purchaser, and (ii) Purchaser may, and hereby gives notice to Supplier 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, refinancings 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. Nothing in this
Agreement, express or implied, is intended to or shall (a) confer on any person other than the parties hereto and their respective successors or permitted assigns 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. 
  
 7.8.     Severability.    If any term or 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. 
  
 7.9.    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. 
  
 7.10.    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. Supplier and Purchaser have participated jointly in the drafting and negotiation of this Agreement. In the event any ambiguity or question of interpretation or intent arises, this Agreement shall be
construed as if drafted jointly by Supplier and Purchaser 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. 

 
 14 

  
 7.11.    Effectiveness.    The
terms of this Agreement shall not become effective until the Initial Public Offering Date. 
  
 7.12    Pronouns.    Whenever the context may require, any pronouns used herein shall be deemed also to include the corresponding neuter, masculine or feminine forms. 

 
 7.13.    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. 
  
 7.14.    Amendment and
Modification.    This Agreement may not be amended or modified except by written instrument duly executed by the parties hereto. No course of dealing between or among any persons having any interest in this Agreement will be
deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any person under or by reason of this Agreement. 

 
 15 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.

  
 
	 CONSTAR PLASTICS OF ITALY S.R.L.

	 
	 By:
 	 	 /s/    MASSIMILIANO MANCUSI
 

	  	 	 Name: Massimiliano Mancusi
 Title: Special Attorney
 

 
  
 
	 CROWN CORK ITALY S.P.A.
 
	 
	 By:
 	 	 /s/    PAOLO MINARDI 
 

	  	 	 Name: Paolo Minardi
 Title: Managing Director
 

 

 
 16 

 Schedule A 
  
 Existing PET Preforms and Prices 
  
 In EUR 
 
	 Preform cost 
 
	  	 28g
 
	  	 47g
 
	  	  
	 PET resin
 	  	 X
 	  	 X
 	  	 (assumes 1% spoilage)
 
	 Masterbatch
 	  	 X
 	  	 X
 	  	 (assumes 1% spoilage)
 
	 Voghera conversion cost, includes packaging
 	  	 4.85
 	  	 5.87
 	  	  
	  	  	 
	  	 
	  	  
	 Ex-works price
 	  	 X
 	  	 X
 	  	  
	  	  	 
	  	 
	  	  

 
  
 PET resin = preform weight in grammes x % PET x PET price x 1,01 
  
 Masterbatch = preform weight in grammes x % masterbatch x masterbatch price x 1,01 
  
 Voghera conversion costs assumes that the PET equipment sold to Constar is being leased back for zero rent 

 Schedule B 
  
 Constar Customers 
  
 Coca-Cola Bevande Italia Spa and any other Affiliates of The Coca-Cola Company located
in Italy 

  
 Schedule C 
  
 Voghera Assets 
  
 DESCRIPTION 
  
 mould 48 cavity (# 96024) 
 mould 48
cavity (# 96023) 
 mould 96 cavity (# 96054) 
 differences in charging moulds 
 cooling system moulds 
 injection machine 48 cavity 
 injection machine 48 cavity 
 injection machine 96 cavity 
 differences in charging
injection machine 
 n° 3 dehumidifiers Husky 
 n° 3 water coolers 
 n° 6 air condensers 
 n° 2 Somos drier D 900 
 n° 1 Somos drier D1600 
 n°5 Silos 
 PET transport system 
 PET transport system 
 LX300 PET machine P100/120 E100 
 servo B robot & flat belt conveyor 
 travelling bridge-crane 
 rotative compressor
Kaeser 
 refrigerating drier 
 dischargers 
 n°2 three-phase transformers 
 measuring device unit masterbach 
 electrical cabinet

 blowing machine + switchboard 
 miscellaneous 
 miscellaneous 
  
 conveyor 
 air compressor

 emergency 
 miscellaneous 
  
 manutention injection mold 48 cavity 
 manutention injection mold 48 cavity 
 manutention injection mold 96 cavity 
  
 electrical equipment for conditioning 
 conveyor belt cooling system 
  
 mould Coca Cola 1/2 litre 
 Kaeser compressor 
  
 materials to breathe in rarefied air 
  
 conveyor 
 hydraulic pump 
 vibrating table

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