Document:

exv4w333

EXHIBIT 4.333

AMENDMENT AGREEMENT NO. 3

dated 1 February 2011

for

CSI HUNGARY GYÁRTÓ ÉS KERESKEDELMI KORLÁTOLT FELELŐSSÉGŰ

TÁRSASÁG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

CHARGE AND SECURITY DEPOSIT OVER BANK 
ACCOUNTS AGREEMENT 
 

DATED 29 JANUARY 2010 AS AMENDED ON 4 MAY 2010 
AND ON 16
NOVEMBER 2010

 

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

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 1 February 2011

BETWEEN:

	(1)	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű Társaság, a limited liability
company incorporated under the laws of Hungary, having its registered office as at the date of
this Agreement at Berényi út 72-100., 8000 Székesfehérvár, Hungary, registered with the Fejér
County Court acting as court of registration under registration number Cg. 07-09-013757, as
chargor under this Agreement (hereinafter referred to as the “Chargor”);
	 
	 	 	and
	 
	(2)	 	Wilmington Trust (London) Limited, acting as chargee under this Agreement, in its capacity as
collateral agent acting on behalf and for the benefit of the Secured Parties (as defined
below), as appointed under the First Lien Intercreditor Agreement and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assign in such capacity, referred to as the
“Collateral Agent” or the “Chargee”);
	 
	 	 	(1) and (2) are together hereinafter referred to as the “Parties” and “Party” means any of
them, as the context may require.

RECITALS:

	(A)	 	The Parties hereby declare that the Charge and Security Deposit over Bank Accounts
Agreement (as defined below) was originally concluded on 29 January 2010 between the Chargee
and the Chargor, pursuant to both (i) a credit agreement dated 5 November 2009 (as
subsequently amended) between among others Reynolds Group Holdings Inc., Reynolds Consumer
Products Holdings Inc., Closure Systems International Holdings Inc., SIG Euro Holding AG & Co
KGaA, SIG Austria Holding GmbH, Pactiv Corporation, Closure Systems International BV, the
other borrowers party thereto, the lenders from time to time parties thereto, and Credit
Suisse AG (formerly known as Credit Suisse) as administrative agent (the “Credit Agreement”)
and (ii) an indenture dated 5 November 2009 between, among others, Reynolds Group Escrow LLC,
Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee, principal paying
agent, transfer agent and registrar, as modified, amended or supplemented from time to time
(the “2009 Indenture”), and the Charge and Security Deposit over Bank Accounts Agreement was
amended pursuant to an indenture dated 15 October 2010 between, among others, RGHL US Escrow I
Inc., RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent (the “2010 Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Indenture and the 2010 Indenture
certain parties have entered into a first lien intercreditor agreement dated 5 November 2009
between, among others, The Bank of New York Mellon as trustee under the 2009

 - 1 - 

 

	 	 	Indenture, Credit Suisse AG as representative under the Credit Agreement and each grantor
that are parties thereto, as subsequently amended by Amendment No. 1 and Joinder Agreement
dated 21 January 2010, which added the Collateral Agent as a collateral agent under the
First Lien Intercreditor Agreement (the “First Lien Intercreditor Agreement”).

	(C)	 	Pursuant to an indenture (the “February 2011 Secured Notes Indenture”) dated on or
about the date of this Agreement and entered into between, among others the Issuers (as
defined below), The Bank of New York Mellon, as trustee, principal paying agent, transfer
agent, registrar and collateral agent and Wilmington Trust (London) Limited as additional
collateral agent, certain secured notes (the “February 2011 Secured Notes”) were issued by the
Issuers.
	 
	(D)	 	The obligations in respect of the February 2011 Secured Notes Indenture and any
Senior Secured Note Documents (as defined therein) will or have been designated as “Additional
Obligations” under, and in accordance with, section 5.02(c) of the First Lien Intercreditor
Agreement (the “Secured Notes Designation”).
	 
	(E)	 	As a consequence of the issue of the February 2011 Secured Notes, the Parties agreed
to amend the Charge and Security Deposit over Bank Accounts Agreement and enter into this
Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Charge and Security Deposit over Bank Accounts Agreement” means the charge and security
deposit over bank accounts agreement concluded in the form of a notarial deed dated 29
January 2010, as amended on 4 May 2010 and on 16 November 2010 between the Chargor and the
Chargee.
	 
	 	 	“Issuers” means Reynolds Group Issuer LLC, Reynolds Group Issuer Inc. and Reynolds Group
Issuer (Luxembourg) S.A. and their respective successors in interest and assigns.

	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Charge and Security Deposit over Bank Accounts
Agreement has the same meaning in this Agreement and in any notice given under this
Agreement.
	 
	 	(b)	 	The principles of construction set out in the Charge and Security Deposit over
Bank Accounts Agreement shall have effect as if set out in this Agreement.

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	1.3	 	Clauses
	 
	 	 	In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context
otherwise requires, a reference to a Clause or a Schedule to this Agreement.

	2.	 	AMENDMENTS TO THE CHARGE AND SECURITY DEPOSIT OVER BANK ACCOUNTS AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	The following new definitions shall be inserted in clause 1.1 (Definitions) of
the Charge and Security Deposit over Bank Accounts Agreement in alphabetical order:
	 
	 	 	 	“ “February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Secured Notes Indenture, including their successors in interest.”
	 
	 	 	 	“ “February 2011 Secured Notes Indenture” means the indenture dated 1 February 2011,
among the February 2011 Issuers and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time, attached as Part VII of Schedule 3
(February 2011 Secured Notes Indenture) to this Agreement.”
	 
	 	 	 	“ “May 2010 Incremental Assumption and Amendment Agreement” means
the amendment no. 2 and incremental term loan assumption agreement dated 4 May
2010 entered into between, among others, Reynolds Group Holdings Inc.,
Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co. KGAA, SIG Austria Holding GmbH and
Closure Systems International B.V. as borrowers, Reynolds Group Holdings
Limited, the Guarantors from time to time party thereto (as defined therein),
the Lenders from time to time party thereto, the Incremental U.S. Term Lenders
(as defined therein), the other Lenders party thereto and the Administrative
Agent (as defined therein), as amended, novated, supplemented, restated or
modified from time to time, the text of which is attached as Part IV of
Schedule 1 (Incremental Assumption and Amendment Agreement) to this
Agreement.”
	 
	 	 	 	“ “September 2010 Incremental Assumption and Amendment Agreement” means the
amendment no. 3 and incremental term loan assumption agreement dated 30
September 2010 entered into between, among others, Reynolds Group Holdings
Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co. KGAA, SIG Austria Holding GmbH and
Closure Systems International B.V. as borrowers, Reynolds Group Holdings
Limited, the Guarantors from time to 

 - 3 - 

 

	 	 	 	time party thereto (as defined therein),
the Lenders from time to time party thereto, the Incremental U.S. Term Lenders
(as defined therein), the other Lenders party thereto and the Administrative
Agent (as defined therein), as amended, novated, supplemented, restated or
modified from time to time, the text of which is attached as Part IV of
Schedule 3 (Incremental Assumption and Amendment Agreement) to this
Agreement.”

	 	(b)	 	The definition of “Incremental Assumption and Amendment Agreement” in clause
1.1 (Definitions) of the Charge and Security Deposit over Bank Accounts Agreement shall
be deleted.
	 
	 	(c)	 	Clause 2.1 (i) of the Charge and Security Deposit over Bank Accounts Agreement
shall be replaced with the following wording:

	 	(i)	 	“USD 7,850,000,000 (that is seven billion eight hundred and fifty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million
euro) (the “Secured Principal”); plus”

	 	(d)	 	Schedule 3 of the Charge and Security Deposit over Bank Accounts Agreement
shall be supplemented with Schedule A (Part VI of Schedule 3 (February 2011 Secured
Notes Indenture)) of this Agreement.

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Charge and Security Deposit over Bank Accounts Agreement shall,
save as amended by this Agreement, continue in full force and effect.
	 
	3.2	 	Further assurance
	 
	 	 	The Chargor shall, at the reasonable request of the Chargee and at its own expense, do
all such acts and things necessary to give effect to the amendments effected or to be
effected pursuant to this Agreement.
	 
	4.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 10 (Remedies and waivers), clause 11 (Severability), clause 15
(Notices) and clause 17 (Jurisdiction) of the Charge and Security Deposit over Bank Accounts
Agreement shall be incorporated into this Agreement as if set out in full in this Agreement
and as if references in those clauses to “this Agreement” are references to this Agreement.
	 
	5.	 	GOVERNING LAW
	 
	 	 	This Agreement is governed by Hungarian law.
	 
	6.	 	RIGHTS OF THE COLLATERAL AGENT
	 
	 	 	Notwithstanding anything contained herein, the Parties agree that this Agreement shall
be deemed a “Security Document” for the purposes of and as defined in the First Lien

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	 	 	Intercreditor Agreement (and for no other purpose) and accordingly each of the protections,
immunities, rights, indemnities and benefits conferred on the Collateral Agents under the
Charge and Security Deposit over Bank Accounts Agreement and the First Lien Intercreditor
Agreement shall continue in full force and effect and shall apply to this Agreement as if
set out in full herein.

[Certification of the Public Notary and the related powers of attorney inserted]

SCHEDULE A

“SCHEDULE 3

Part VI

February 2011 Secured Notes Indenture”

(To Be Inserted)

 - 5 - 

 

SIGNATURES

CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű Társaság - as Chargor

By:

Wilmington Trust (London) Limited - as Chargee

By:

 -6-exv4w334

Exhibit 4.334

AMENDMENT AGREEMENT NO. 3

dated 1 February 2011

for

CSI HUNGARY GYÁRTÓ ÉS KERESKEDELMI KORLÁTOLT FELELŐSSÉGŰ

TÁRSASÁG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

FIXED CHARGE AGREEMENT

DATED 29 JANUARY 2010 AS AMENDED ON 4 MAY 2010

AND ON 16 NOVEMBER 2010

 

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

 

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 1 February 2011

BETWEEN:

	(1)	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelősségű  Társaság, a limited liability
company incorporated under the laws of Hungary, having its registered office as at the date of
this Agreement at Berényi út 72-100., 8000 Székesfehérvár, Hungary, registered with the Fejér
County Court acting as court of registration under registration number Cg. 07-09-013757, as
chargor under this Agreement (hereinafter referred to as the “Chargor”);
	 
	 	 	and
	 
	(2)	 	Wilmington Trust (London) Limited, acting as chargee under this Agreement, in its capacity as
collateral agent acting on behalf and for the benefit of the Secured Parties (as defined
below), as appointed under the First Lien Intercreditor Agreement and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assign in such capacity, referred to as the
“Collateral Agent” or the “Chargee”);
	 
		 	(1) and (2) are together hereinafter referred to as the “Parties” and “Party” means any of
them, as the context may require.

RECITALS:

	(A)	 	The Parties hereby declare that the Fixed Charge Agreement (as defined below) was
originally concluded on 29 January 2010 between the Chargee and the Chargor, pursuant to both
(i) a credit agreement dated 5 November 2009 (as subsequently amended) between among others
Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems
International Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Pactiv
Corporation, Closure Systems International BV, the other borrowers party thereto, the lenders
from time to time parties thereto, and Credit Suisse AG (formerly known as Credit Suisse) as
administrative agent (the “Credit Agreement”) and (ii) an indenture dated 5 November 2009
between, among others, Reynolds Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank
of New York Mellon, as trustee, principal paying agent, transfer agent and registrar, as
modified, amended or supplemented from time to time (the “2009 Indenture”), and the Fixed
Charge Agreement was amended pursuant to an indenture dated 15 October 2010 between, among
others, RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A.
and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar
and collateral agent and Wilmington Trust (London) Limited as additional collateral agent (the
“2010 Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Indenture and the 2010 Indenture
certain parties have entered into a first lien intercreditor agreement dated 5 November 2009
between, among others, The Bank of New York Mellon as trustee under the 2009 Indenture, Credit
Suisse AG as representative under the Credit Agreement and each grantor that are parties
thereto, as subsequently amended by Amendment No. 1 and

-1-

 

	 	 	Joinder Agreement dated 21 January 2010, which added the Collateral Agent as a collateral
agent under the First Lien Intercreditor Agreement (the “First Lien Intercreditor
Agreement”).

	(C)	 	Pursuant to an indenture (the “February 2011 Secured Notes Indenture”) dated on or
about the date of this Agreement and entered into between, among others the Issuers (as
defined below), The Bank of New York Mellon, as trustee, principal paying agent, transfer
agent, registrar and collateral agent and Wilmington Trust (London) Limited as additional
collateral agent, certain secured notes (the “February 2011 Secured Notes”) were issued by the
Issuers.
	 
	(D)	 	The obligations in respect of the February 2011 Secured Notes Indenture and any
Senior Secured Note Documents (as defined therein) will or have been designated as “Additional
Obligations” under, and in accordance with, section 5.02(c) of the First Lien Intercreditor
Agreement (the “Secured Notes Designation”).
	 
	(E)	 	As a consequence of the issue of the February 2011 Secured Notes, the Parties agreed
to amend the Fixed Charge Agreement and enter into this Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Fixed Charge Agreement” means the fixed charge agreement concluded in the form of a
notarial deed dated 29 January 2010, as amended on 4 May 2010 and on 16 November 2010
between the Chargor and the Chargee.
	 
	 	 	“Issuers” means Reynolds Group Issuer LLC, Reynolds Group Issuer Inc. and Reynolds Group
Issuer (Luxembourg) S.A. and their respective successors in interest and assigns.
	 
	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Fixed Charge Agreement has the same meaning in this
Agreement and in any notice given under this Agreement.
	 
	 	(b)	 	The principles of construction set out in the Fixed Charge Agreement shall have
effect as if set out in this Agreement.

	1.3	 	Clauses
	 
	 	 	In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context
otherwise requires, a reference to a Clause or a Schedule to this Agreement.

-2-

 

	2.	 	AMENDMENTS TO THE FIXED CHARGE AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	The following new definitions shall be inserted in clause 1.1 (Definitions) of
the Fixed Charge Agreement in alphabetical order:
	 
	 	 	 	“ “February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Secured Notes Indenture, including their successors in interest.”
	 
	 	 	 	“ “February 2011 Secured Notes Indenture” means the indenture dated 1 February 2011,
among the February 2011 Issuers and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time, attached as Part VII of Schedule 3
(February 2011 Secured Notes Indenture) to this Agreement.”
	 
	 	 	 	“ “May 2010 Incremental Assumption and Amendment Agreement” means
the amendment no. 2 and incremental term loan assumption agreement dated 4 May
2010 entered into between, among others, Reynolds Group Holdings Inc.,
Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co. KGAA, SIG Austria Holding GmbH and
Closure Systems International B.V. as borrowers, Reynolds Group Holdings
Limited, the Guarantors from time to time party thereto (as defined therein),
the Lenders from time to time party thereto, the Incremental U.S. Term Lenders
(as defined therein), the other Lenders party thereto and the Administrative
Agent (as defined therein), as amended, novated, supplemented, restated or
modified from time to time, the text of which is attached as Part IV of
Schedule 1 (Incremental Assumption and Amendment Agreement) to this
Agreement.”
	 
	 	 	 	“ “September 2010 Incremental Assumption and Amendment Agreement” means the
amendment no. 3 and incremental term loan assumption agreement dated 30
September 2010 entered into between, among others, Reynolds Group Holdings
Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co. KGAA, SIG Austria Holding GmbH and
Closure Systems International B.V. as borrowers, Reynolds Group Holdings
Limited, the Guarantors from time to time party thereto (as defined therein),
the Lenders from time to time party thereto, the Incremental U.S. Term Lenders
(as defined therein), the other Lenders party thereto and the Administrative
Agent (as defined therein), as amended, novated, supplemented, restated or
modified from time to time, the text of which is attached as Part IV of
Schedule 3 (Incremental Assumption and Amendment Agreement) to this
Agreement.”

-3-

 

	 	(b)	 	The definition of “Incremental Assumption and Amendment Agreement” in clause
1.1 (Definitions) of the Fixed Charge Agreement shall be deleted.
	 
	 	(c)	 	Clause 2.1 (i) of the Fixed Charge Agreement shall be replaced with the
following wording:

	 	(i)	 	“USD 7,850,000,000 (that is seven billion eight hundred and fifty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million
euro) (the “Secured Principal”); plus”

	 	(d)	 	Schedule 3 of the Fixed Charge Agreement shall be supplemented with Schedule A
(Part VI of Schedule 3 (February 2011 Secured Notes Indenture)) of this Agreement.

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Fixed Charge Agreement shall, save as amended by this Agreement,
continue in full force and effect.
	 
	3.2	 	Registration of the amendments
	 
	 	 	The Parties hereby request the notary to register the changes in the registered data of
the Fixed Charge in the Registry of Charges (i.e. the change in the maximum aggregate
framework security amount of the Obligations).
	 
	3.3	 	Further assurance
	 
	 	 	The Chargor shall, at the reasonable request of the Chargee and at its own expense, do
all such acts and things necessary to give effect to the amendments effected or to be
effected pursuant to this Agreement.
	 
	4.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 7 (Remedies and waivers), clause 8 (Severability), clause 12
(Notices) and clause 14 (Jurisdiction) of the Fixed Charge Agreement shall be incorporated
into this Agreement as if set out in full in this Agreement and as if references in those
clauses to “this Agreement” are references to this Agreement.
	 
	5.	 	GOVERNING LAW
	 
	 	 	This Agreement is governed by Hungarian law.
	 
	6.	 	RIGHTS OF THE COLLATERAL AGENT
	 
	 	 	Notwithstanding anything contained herein, the Parties agree that this Agreement shall
be deemed a “Security Document” for the purposes of and as defined in the First Lien
Intercreditor Agreement (and for no other purpose) and accordingly each of the protections,
immunities, rights, indemnities and benefits conferred on the Collateral Agents under the
Fixed Charge Agreement and the First Lien Intercreditor Agreement

-4-

 

	 	 	shall continue in full
force and effect and shall apply to this Agreement as if set out in full herein.

[Certification of the Public Notary and the related powers of attorney inserted]

-5-

 

SCHEDULE A

“SCHEDULE 3

Part VI

February 2011 Secured Notes Indenture”

(To Be Inserted)

-6-

 

SIGNATURES

	 	 	 	 	 
	CSI Hungary Gyártó
és Kereskedelmi Korlátolt Felelősségű
Társaság — as Chargor

 	 	 
	By:  	 	 	 
	 	 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	Wilmington Trust (London) Limited - as Chargee

 	 	 
	By:  	 	 	 
	 	 	 	 
	 	 	 	 
	 

-7-

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