Document:

exv4w199

EXHIBIT 4.199

AMENDMENT AGREEMENT

dated 4 May 2010

for

CLOSURE SYSTEMS INTERNATIONAL HOLDINGS (HUNGARY) KFT.

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

FLOATING CHARGE AGREEMENT

DATED 29 JANUARY 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.

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 
	2. AMENDMENTS TO THE ORIGINAL FLOATING CHARGE AGREEMENT
	 	 	2	 
	 
	3. CONTINUITY AND FURTHER ASSURANCE
	 	 	4	 
	 
	4. INCORPORATION OF TERMS
	 	 	4	 
	 
	5. GOVERNING LAW
	 	 	4	 
	 
	6. RIGHTS OF THE COLLATERAL AGENT
	 	 	4	 

 

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010 — [Text of Public Notary to be
inserted]

BETWEEN:

	(1)	 	Closure Systems International Holdings (Hungary) Vagyonkezelõ Korlátolt Felelõsségũ 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. 07-09-015084, 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 Original Floating Charge Agreement (as defined
below) was 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, 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 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”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 between, among others, The Bank of New York Mellon as trustee under the 2009
Indenture, Credit Suisse AG as administrative agent 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

- 1 -

 

	 	 	added the Collateral Agent as a collateral
agent under the First Lien Intercreditor Agreement (the “First Lien Intercreditor Agreement”).
	 
	(C)	 	The parties to the Credit Agreement have entered into the amendment agreement No. 2
and incremental assumption agreement dated on or about the date of this Agreement (the
“Incremental Assumption and Amendment Agreement”) to amend the terms of the Credit Agreement.
	 
	(D)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement, the Parties agreed to amend the Original Floating Charge Agreement and enter into
this Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Original Floating Charge Agreement” means the floating charge agreement concluded in the
form of a notarial deed dated 29 January 2010 between the Chargor and the Chargee.
	 
	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Original Floating 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 Original Floating 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.	 	AMENDMENTS TO THE ORIGINAL FLOATING CHARGE AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	Recital (C) of the “Whereas” section of the Original Floating Charge Agreement
shall be deleted and replaced with the following wording:
	 
	 	 	 	“(C) The Secured Parties (as defined below) have duly authorised and empowered the
Chargee to enter into this Agreement and to represent their

- 2 -

 

	 	 	 	rights in connection
with the Floating Charge (as defined below), acting for its own and for the Secured
Parties’ benefit.”
	 
	 	(b)	 	The following new definition shall be inserted in clause 1.1 (Definitions) of
the Original Floating Charge Agreement in alphabetical order:
	 
	 	 	 	“ “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.”
	 
	 	(c)	 	Clause 2.1 (The Floating Charge) of the Original Floating Charge Agreement
shall be replaced with the following wording:
	 
	 	 	 	“In order to secure the Obligations, up to the maximum aggregate amount of:

	 	 	 	(i) USD 3,830,000,000 (that is three billion eight hundred and thirty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty
million euro) as “Secured Principal”; plus
	 
	 	 	 	(ii) all accrued interest (as calculated in accordance with Loan
Documents); plus all accrued default interest (as calculated in accordance
with Loan Documents); plus any other amounts, monetary obligations,
indemnities, fees, commissions, costs and expenses arising under and
payable in accordance with the terms of the Loan Documents, which amounts,
monetary obligations, indemnities, fees, commissions, costs, expenses, and
the costs of the enforcement of this Agreement shall not exceed an
aggregate amount representing 40% of the aggregate amount of Secured
Principal,

	 	 	 	the Chargor hereby grants to the Chargee a floating charge over its Charged Assets.
	 
	 	 	 	The Chargee hereby accepts such Floating Charge.”

- 3 -

 

	 	(d)	 	Schedule 1 of the Original Floating Charge Agreement shall be supplemented with
Schedule A (Part IV of Schedule 1 (Incremental Assumption and Amendment Agreement)) of
this Agreement.

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Original Floating 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 Floating 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 5 (Enforcement), clause 7 (Remedies and waivers), clause 8
(Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Original Floating
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
Original Floating Charge 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]

- 4 -

 

SCHEDULE A

“SCHEDULE 1

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO BE INSERTED) ”

- 5 -

 

SIGNATURES

Closure Systems International Holdings (Hungary) Kft. - as Chargor

By:

Wilmington Trust (London) Limited - as Chargee

By:

- 6 -exv4w200

EXHIBIT
4.200

AMENDMENT AGREEMENT

dated 4 May 2010

for

CSI
HUNGARY GYÁRTÓ ÉS KERESKEDELMI KORLÁTOLT
FELELŐSSÉGŰ TÁRSASÁG

as Chargor

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

FLOATING CHARGE AGREEMENT

DATED 29 JANUARY 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.

 

 

CONTENTS

	 	 	 	 	 	 	 
	Clause	 	 	 	Page
	1.

	 	DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 
	 	 	 	 	 	 
	2.

	 	AMENDMENTS TO THE ORIGINAL FLOATING CHARGE AGREEMENT
	 	 	2	 
	 
	 	 	 	 	 	 
	3.

	 	CONTINUITY AND FURTHER ASSURANCE
	 	 	3	 
	 
	 	 	 	 	 	 
	4.

	 	INCORPORATION OF TERMS
	 	 	4	 
	 
	 	 	 	 	 	 
	5.

	 	GOVERNING LAW
	 	 	4	 
	 
	 	 	 	 	 	 
	6.

	 	RIGHTS OF THE COLLATERAL AGENT
	 	 	4	 

- 1 -

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010 — [Text of Public Notary to be
inserted]

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
	 
	 	 	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 Original Floating Charge Agreement (as defined
below) was 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, 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 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”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 between, among others, The Bank of New York Mellon as trustee under the 2009
Indenture, Credit Suisse AG as administrative agent 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”).

- 1 -

 

	(C)	 	The parties to the Credit Agreement have entered into the amendment agreement No. 2
and incremental assumption agreement dated on or about the date of this Agreement (the
“Incremental Assumption and Amendment Agreement”) to amend the terms of the Credit Agreement.
	 
	(D)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement, the Parties agreed to amend the Original Floating Charge Agreement and enter into
this Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	 “Original Floating Charge Agreement” means the floating charge agreement concluded in the
form of a notarial deed dated 29 January 2010 between the Chargor and the Chargee.
	 
	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Original Floating 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 Original Floating 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.	 	AMENDMENTS TO THE ORIGINAL FLOATING CHARGE AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	Recital (C) of the “Whereas” section of the Original Floating Charge Agreement
shall be deleted and replaced with the following wording:
	 
	 	 	 	“(C) The Secured Parties (as defined below) have duly authorised and empowered the
Chargee to enter into this Agreement and to represent their rights in connection
with the Floating Charge (as defined below), acting for its own and for the Secured
Parties’ benefit.”
	 
	 	(b)	 	The following new definition shall be inserted in clause 1.1 (Definitions) of
the Original Floating Charge Agreement in alphabetical order:

- 2 -

 

	 	 	 	 ““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.”
	 
	 	(c)	 	Clause 2.1 (The Floating Charge) of the Original Floating Charge Agreement
shall be replaced with the following wording:
	 
	 	 	 	“In order to secure the Obligations, up to the maximum aggregate amount of:

	 	 	 	(i) USD 3,830,000,000 (that is three billion eight hundred and thirty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty
million euro) as “Secured Principal”; plus
	 
	 	 	 	(ii) all accrued interest (as calculated in accordance with Loan
Documents); plus all accrued default interest (as calculated in accordance
with Loan Documents); plus any other amounts, monetary obligations,
indemnities, fees, commissions, costs and expenses arising under and
payable in accordance with the terms of the Loan Documents, which amounts,
monetary obligations, indemnities, fees, commissions, costs, expenses, and
the costs of the enforcement of this Agreement shall not exceed an
aggregate amount representing 40% of the aggregate amount of Secured
Principal,

	 	 	 	the Chargor hereby grants to the Chargee a floating charge over its Charged Assets.
	 
	 	 	 	The Chargee hereby accepts such Floating Charge.”
	 
	 	(d)	 	Schedule 1 of the Original Floating Charge Agreement shall be supplemented with
Schedule A (Part IV of Schedule 1 (Incremental Assumption and Amendment Agreement)) of
this Agreement.

	3.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	3.1	 	Continuing obligations
	 
	 	 	The provisions of the Original Floating Charge Agreement shall, save as amended by this
Agreement, continue in full force and effect.

- 3 -

 

	3.2	 	Registration of the amendments
	 
	 	 	The Parties hereby request the notary to register the changes in the registered data of
the Floating 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 5 (Enforcement), clause 7 (Remedies and waivers), clause 8
(Severability), clause 12 (Notices) and clause 14 (Jurisdiction) of the Original Floating
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
Original Floating Charge 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]

- 4 -

 

SCHEDULE A

“SCHEDULE 1

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO BE INSERTED) ”

- 5 -

 

SIGNATURES

CSI
Hungary Gyártó és Kereskedelmi Korlátolt
Felelősségű Társaság - as Chargor

By:

Wilmington Trust (London) Limited - as Chargee

By:

- 6 -

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