Document:

exv4w415

EXHIBIT 4.415

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

AND

SIG COMBIBLOC HOLDING GMBH

 

AS PLEDGOR

CONFIRMATION AGREEMENT

 

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. CONFIRMATION
	 	 	3	 
	3. COSTS
	 	 	4	 
	4. PARTIAL INVALIDITY
	 	 	4	 
	5. LAW AND JURISDICTION
	 	 	5	 

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THIS CONFIRMATION AGREEMENT is made on 2 March 2011

BETWEEN:

	(1)	 	THE BANK OF NEW YORK MELLON, acting for itself and as collateral agent as appointed
under the First Lien Intercreditor Agreement (as defined below) for the benefit of the Secured
Parties (as defined below), together with its successors and permitted assigns in such
capacity (the “Collateral Agent”); and

	(2)	 	SIG COMBIBLOC HOLDING GMBH, a company incorporated under German law with registered
office at Rurstraβe 58, 52441 Linnich, Germany and registered with the Commercial Register of
the Local Court Düren under number HRB 5751 as pledgor (the “Pledgor”).

WHEREAS:

	(A)	 	Pursuant to a credit agreement (the “Credit Agreement”) dated 5 November 2009 and
entered into between Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc.,
SIG Euro Holding AG & Co. KGaA, Closure Systems International Holdings Inc., Closure Systems
International B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers, Reynolds
Group Holdings Limited, the lenders from time to time party thereto and Credit Suisse AG, as
administrative agent, as amended by amendment agreements dated 21 January 2010, 4 May 2010 and
30 September 2010 and as further amended, extended, restructured, renewed, novated,
supplemented, restated, refunded, replaced or modified from time to time, certain loan
facilities (the “Facilities”) were made available to the Borrowers (as defined below).
	 
	(B)	 	Pursuant to an indenture (the “2009 Senior Secured Notes Indenture”) dated 5 November
2009 and entered into between the 2009 Issuers (as defined below), the Note Guarantors (as
defined therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer
agent and registrar, as amended, extended, restructured, renewed, refunded, novated,
supplemented, restated, replaced or modified from time to time, certain notes were issued by
the 2009 Issuers.
	 
	(C)	 	On 5 November 2009, the Collateral Agent, The Bank of New York Mellon as trustee
under the 2009 Senior Secured Notes Indenture, Credit Suisse AG as administrative agent under
the Credit Agreement, and the Loan Parties (as defined below) as at that date and certain
other parties, entered into an intercreditor agreement (the “First Lien Intercreditor
Agreement”) amended by an amendment dated 21 January 2010 and as further amended, novated,
supplemented, restated or modified from time to time.
	 
	(D)	 	Pursuant to an indenture (the “2010 Senior Secured Notes Indenture”) dated 15 October
2010 and entered into between the 2010 Issuers (as defined below), the Senior Secured Note
Guarantors (as defined therein), 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, certain notes were issued by
the 2010 Issuers.

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	(E)	 	Pursuant to an indenture (the “February 2011 Senior Secured Notes Indenture”)
dated 1 February 2011 and entered into between the February 2011 Issuers (as defined
below),
the Senior Secured Note Guarantors (as defined therein), 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, certain notes were issued by the February 2011 Issuers.
	 
	(F)	 	On 9 February 2011, Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings
Inc., SIG Euro Holding AG & Co. KGaA, Closure Systems International Holdings Inc., Closure
Systems International B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers,
Reynolds Group Holdings Limited, the lenders from time to time party thereto and Credit Suisse
AG, Cayman Islands Branch, as administrative agent, together with certain other parties
entered into an amendment N°4 and incremental term loan assumption agreement (the “Amendment
and Incremental Assumption Agreement”) which amended and restated the Credit Agreement.
	 
	(G)	 	On or about the date hereof, the Pledgor and each of the Reaffirming Parties therein,
Credit Suisse AG as administrative agent and The Bank of New York Mellon, as trustee and
collateral agent and Wilmington Trust (London) Limited, as collateral agent, have entered into
a reaffirmation agreement (the “Reaffirmation Agreement”) pursuant to which each Reaffirming
Party confirmed its respective guarantee under the Loan Documents (as defined in the
Credit Agreement) and each Reaffirming Party therein reaffirmed the Security Documents
(as defined therein) to which they are a party.
	 
	(H)	 	As a post-closing condition to the amendment and restatement of the Credit Agreement,
pursuant to the Amendment and Incremental Assumption Agreement, the Pledgor has agreed to
confirm the security interest granted under the Share Pledge Agreement (as defined below).
	 
	(I)	 	The Obligations in respect of the February 2011 Senior Secured Notes Indenture and
any Senior Secured Note Documents (as defined therein) 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”).

THE PARTIES AGREE AS FOLLOWS:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Terms defined in the First Lien Intercreditor Agreement and/or the Share Pledge
Agreement shall bear the same meaning herein, unless expressly provided to the contrary.
	 
	1.2	 	In this Agreement:
	 
	 	 	“2009 Issuers” shall mean the “Issuers” under and as defined in the 2009 Senior Secured
Notes Indenture, including their successors in interest.

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	 	 	“2010 Issuers” shall mean the “Issuers” under and as defined in the 2010 Senior Secured
Notes Indenture, including their successors in interest.
	 
	 	 	“Borrowers” shall mean the “Borrowers” under, and as defined in, the Credit Agreement as
amended and restated by the Amendment and Incremental Assumption Agreement, from time to
time.
	 
	 	 	“Evergreen” means Evergreen Packaging (Luxembourg) S.àr.l., a société à responsabilité
limitée incorporated under Luxembourg law with registered office at 6C, rue Gabriel
Lippmann, L — 5365 Munsbach, Grand-Duchy of Luxembourg, registered with the register of
commerce and companies of Luxembourg under number B152.662 and having a share capital of EUR
12,500.-.
	 
	 	 	“February 2011 Issuers” shall mean the “Issuers” under and as defined in the February 2011
Senior Secured Notes Indenture, including their successors in interest.
	 
	 	 	“Loan Documents” shall mean the “Credit Documents” under, and as defined in, the First Lien
Intercreditor Agreement and any other document designated by the Loan Parties’ Agent and the
Collateral Agent as a Loan Document.
	 
	 	 	“Loan Parties” shall mean the “Grantors” under, and as defined in, the First Lien
Intercreditor Agreement.
	 
	 	 	“Secured Obligations” shall mean the “Secured Obligations” under, and as defined in, the
Share Pledge Agreement.
	 
	 	 	“Secured Parties” shall mean the “Secured Parties” under, and as defined in, the First Lien
Intercreditor Agreement.
	 
	 	 	“Share Pledge Agreement” means the Luxembourg law share pledge agreement dated 4 May 2010
and entered into between SIG Combibloc Holding GmbH as pledgor and the Collateral Agent in
the presence of Evergreen, such pledge to be granted over the shares held by the pledgor in
the share capital of Evergreen.

	1.3	 	This Confirmation Agreement may be executed in any number of counterparts and by way
of facsimile exchange of executed signature pages, all of which together shall constitute one
and the same Confirmation Agreement.
	 
	1.4	 	The Parties agree that this Confirmation 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 that, accordingly, all rights , duties, privileges, protections and
benefits of the Collateral Agent set forth in the First Lien Intercreditor Agreement are
hereby incorporated by reference.
	 
	2.	 	CONFIRMATION
	 
	 	 	The Pledgor hereby, for the benefit of the Collateral Agent acting for itself and as
collateral agent as appointed under the First Lien Intercreditor Agreement for the benefit
of the Secured Parties, expressly (a) confirms its pledge and grant of security interest in
the Share Pledge Agreement and (b) agrees and confirms that the Share Pledge Agreement and
the security interest created thereunder shall (i) remain in full force and 

- 4 -

 

	 	 	effect in
accordance with their terms subject to any applicable Legal Reservation, (ii) continue to
secure the Secured Obligations as they shall be in existence following the amendment
and restatement of the Credit Agreement by the Amendment and Incremental Assumption
Agreement and the Secured Notes Designation and (iii) extend, subject to the limitations (if
any) contained in the Share Pledge Agreement, to any obligations assumed by any Loan Party
as defined in and under the Amendment and Incremental Assumption Agreement and to the
obligations that are “Additional Obligations” as a result of the Secured Notes Designation,
without any further actions.

	3.	 	COST
	 
	 	 	All the Collateral Agent’s costs and expenses, shall be reimbursed in accordance with the
provisions of Section 9.05 (Expenses, Indemnity) of the Credit Agreement, as amended and
restated by the Amendment and Incremental Assumption Agreement and from time to time.
	 
	4.	 	PARTIAL INVALIDITY
	 
	 	 	If any provision of this Agreement is declared by any judicial or other competent authority
to be void or otherwise unenforceable, that provision shall be severed from this Agreement
and the remaining provisions of this Agreement shall remain in full force and effect. The
Agreement shall, however, thereafter be amended by the parties in such reasonable manner so
as to achieve, without illegality, the intention of the parties with respect to that severed
provision.
	 
	5.	 	LAW AND JURISDICTION
	 
	 	 	This Agreement shall be governed by Luxembourg law and the courts of Luxembourg-City shall
have exclusive jurisdiction to settle any dispute which may arise from or in connection with
it.
	 
	 	 	This Agreement has been duly executed by the parties in five copies.

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SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT (SIG

COMBIBLOC HOLDING GMBH)

The Collateral Agent

THE BANK OF NEW YORK MELLON

					
	 	
 	 
	 	/s/ Catherine F. Donohue
 	 
	 	Name:  	Catherine F. Donohue 	 
	 	Title:  	Vice President 	 
	 

The Pledgor

SIG COMBIBLOC HOLDING GMBH

					
	 	
 	 
	 	/s/ Karen Mower
 	 
	 	Name:  	Karen Mower 	 
	 	Title:  	Authorised Signatoryexv4w416

	 	 	 	 	 

EXHIBIT 4.416

Confirmation and Amendment Agreement

dated 2 March 2011

between

SIG ALLCAP AG

SIG COMBIBLOC (SCHWEIZ) AG

SIG SCHWEIZERISCHE INDUSTRIE-GESELLSCHAFT AG

SIG TECHNOLOGY AG

SIG COMBIBLOC PROCUREMENT AG

SIG REINAG AG

(collectively the “Confirming Grantors”)

and

THE BANK OF NEW YORK MELLON

acting as Collateral Agent under the First Lien Intercreditor Agreement (as defined below) for

itself and for the benefit and for the account of the Secured Parties

(the “Collateral Agent”)

relating to

the Swiss law security documents as listed and described in Schedule 1 hereto respectively

entered into by the Confirming Grantors and the Collateral Agent acting for itself and for the

benefit and for the account of the Secured Parties in connection with the Loan Documents.

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.

BOREL & BARBEY

Geneva

 

 

			
	
	 	2 / 15

THIS CONFIRMATION AND AMENDMENT AGREEMENT is entered into as of the Effective Date (as defined
in Clause 2 below) and entered BETWEEN:

	(1)	 	SIG allCap AG, a company limited by shares incorporated under the laws of Switzerland, having
its registered office at Industrieplatz, 8212 Neuhausen am Rheinfall, Switzerland and
registered in the Commercial Register of the Canton of Schaffhausen with the federal register
number CH-290.3.013.656-7;
	 
	(2)	 	SIG Combibloc (Schweiz) AG, a company limited by shares incorporated under the laws of
Switzerland, having its registered office at Laufengasse 18, 8212 Neuhausen am Rheinfall,
Switzerland and registered in the Commercial Register of the Canton of Schaffhausen with the
federal register number CH-020.3.021.306-8;
	 
	(3)	 	SIG Schweizerische Industrie-Gesellschaft AG, a company limited by shares incorporated under
the laws of Switzerland, having its registered office at Industrieplatz, 8212 Neuhausen am
Rheinfall, Switzerland and registered in the Commercial Register of the Canton of Schaffhausen
with the federal register number CH-290.3.004.148-4;
	 
	(4)	 	SIG Technology AG, a company limited by shares incorporated under the laws of Switzerland,
having its registered office at Laufengasse 18, 8212 Neuhausen am Rheinfall, Switzerland and
registered in the Commercial Register of the Canton of Schaffhausen with the federal register
number CH-160.3.002.649-1;
	 
	(5)	 	SIG Combibloc Procurement AG, a company limited by shares incorporated under the laws of
Switzerland, having its registered office at Laufengasse 18, 8212 Neuhausen am Rheinfall,
Switzerland and registered in the Commercial Register of the Canton of Schaffhausen with the
federal register number CH-290.3.016.591-1;
	 
	(6)	 	SIG Reinag AG, a company limited by shares incorporated under the laws of Switzerland, having
its registered office at Laufengasse 18, 8212 Neuhausen am Rheinfall, Switzerland and
registered in the Commercial Register of the Canton of Schaffhausen with the federal register
number CH-290.3.003.796-7;
	 
	 	 	(the entities under (1) to (6) collectively, the “Confirming Grantors”), on the one part;
	 
	 	 	and
	 
	(7)	 	The Bank of New York Mellon, having its business address at 1, Wall Street, New York, N.Y.
10286, The United States of America, acting under the First Lien Intercreditor Agreement (as
defined below) as Collateral Agent for itself and for the benefit and for the account of the
Secured Parties (as defined in the applicable Security
Documents) (the “Collateral Agent”), on the other part.

 

 

			
	
	 	3 / 15

RECITALS

	(A)	 	Pursuant to a credit agreement (the “Credit Agreement”) dated November 5, 2009 made
between, inter alia, Reynolds Group Holdings Inc. (“RGHI”), Reynolds
Consumer Products Holdings Inc., SIG Euro Holding AG & Co. KG aA, Closure Systems
International Holdings Inc., Closure Systems International B.V., Pactiv Corporation and SIG
Austria Holding GmbH as borrowers (“the Borrowers”), Reynolds Group
Holdings Limited, the Confirming Grantors as current guarantors, the lenders from time to time
party thereto, and Credit Suisse AG, Cayman Islands Branch (formerly known as Credit Suisse,
Cayman Islands Branch), as administrative agent (the “Administrative Agent”), as amended by
Amendment No. 1 dated as of January 21, 2010, as further amended by an Amendment No. 2 and
Incremental Term Loan Assumption Agreement dated as of May 4, 2010 (the “Amendment No. 2”), as
further amended by an Amendment No. 3 and Incremental Term Loan Assumption Agreement dated as
of September 30, 2010 (the “Amendment No. 3”) and as further amended and restated by an
Amendment No. 4 and Incremental Term Loan Assumption Agreement dated as of February 9, 2011
(the “Amendment No. 4”) certain facilities were made available to the Borrowers on the terms
and conditions thereof.
	 
	(B)	 	Pursuant to a senior secured note indenture dated November 5, 2009 (the “2009 Senior Secured
Note Indenture”) as supplemented by various supplemental indentures entered into on or before
the date of this Agreement among inter alia Reynolds Group Issuer (Luxembourg) S.A., Reynolds
Group Issuer LLC and Reynolds Group Issuer Inc. (collectively, the “Issuers”), the Note
Guarantors (as defined therein) and The Bank of New York Mellon, as trustee (the “Trustee”)
certain senior secured notes due 2016 were issued to certain noteholders on the terms and
conditions thereof.
	 
	(C)	 	Pursuant to a first lien intercreditor agreement dated November 5, 2009 among The Bank of New
York Mellon as collateral agent and as trustee, the Administrative Agent and, among others,
the Confirming Grantors, as amended by Amendment No. 1 dated as of January 21, 2010 (which
added Wilmington Trust (London) Limited as a collateral agent under the first lien
intercreditor agreement) (the “First Lien
Intercreditor Agreement”), The Bank of New York Mellon and, later, Wilmington Trust (London)
Limited were appointed each as a Collateral Agent (as defined therein) with regard to, among
other things, the acquisition, holding and enforcement of Liens on Collateral (both as
defined in therein).

 

 

			
	
	 	4 / 15

	(D)	 	Pursuant to a senior secured note indenture dated October 15, 2010 (the “2010 Senior
Secured Note Indenture”) as supplemented by various supplemental indentures entered into on or
before the date of this Agreement among, inter alia, RGHL US Escrow I Inc., RGHL US Escrow I
LLC and RGHL Escrow Issuer (Luxembourg) I S.A., the Note Guarantors (as defined therein) and
The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and
collateral agent and Wilmington Trust (London) Limited as additional collateral agent, certain
senior secured notes due 2019 were issued to certain noteholders on the terms and conditions
thereof.
	 
	(E)	 	The Credit Agreement, the 2009 Senior Secured Note Indenture, the 2010 Senior Secured Note
Indenture and the First Lien Intercreditor Agreement were supplemented (as applicable) several
times by means of guarantor joinders to the Credit Agreement (which also provide for an
accession to the First Lien Intercreditor Agreement) and supplemental indentures (see also
recital (B)) to the 2009 Senior Secured Note Indenture and supplemental indentures (see also
recital (D)) to the 2010 Senior Secured Note Indenture.
	 
	(F)	 	Pursuant to a senior secured notes indenture dated February 1, 2011 (the “February 2011
Senior Secured Notes Indenture”) entered into among, inter alia, the Issuers and the Trustee,
as trustee, principal paying agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, certain senior secured notes due 2021 (the
“February 2011 Senior Secured Notes”) were issued by the Issuers to certain noteholders on the
terms and conditions thereof.
	 
	(G)	 	On February 1, 2011, the February 2011 Senior Secured Notes Indenture and any Senior Secured
Note Documents (as defined in the February 2011 Senior Secured Notes Indenture) each became an
“Additional Agreement” under the First Lien Intercreditor Agreement as a result of the
designation of the obligations with respect of the February 2011 Senior Secured Notes
Indenture and any Senior Secured Note Documents (as defined in the February 2011 Senior
Secured Notes Indenture) as
“Additional Obligations” under Section 5.02 (c) of the First Lien Intercreditor Agreement
(the “February 2011 Senior Secured Notes Designation”).
	 
	 	 	In this respect, it should be noted that the definition of “Loan Documents” in each Security
Document (as defined below) (which is defined to include the “Credit Documents” under, and as
defined in, the First Lien Intercreditor Agreement) extends to any “Additional Agreement” (as
defined in the First Lien Intercreditor Agreement).

 

 

			
	
	 	5 / 15

	(H)	 	Pursuant to the Principal Finance Documents, the Parties (as defined below) hereto
respectively have entered into the Swiss law security documents as listed and described in
Schedule 1 hereto (the “Security Documents”) over certain assets respectively owned by the
Confirming Grantors in order to secure the performance of the Secured Obligations.
	 
	(I)	 	RGHI, the Borrowers, 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, among others, have
entered into the Amendment No. 2 relating to the Credit Agreement and pursuant to which (i)
the Credit Agreement has been amended to inter alia increase the incremental term facilities
from an amount of USD 400,000,000 to an amount of USD 1,550,000,000 and (ii) certain
incremental term lenders have agreed to make available incremental term loans in an amount of
USD 800,000,000 to the Borrowers.
	 
	(J)	 	RGHI, the Borrowers, the Guarantors from time to time party thereto (as defined therein), the
Lenders from time to time party thereto and the Administrative Agent, among others, have
entered into the Amendment No. 3 relating to the Credit Agreement and pursuant to which the
Credit Agreement has been amended to, inter alia, add an incremental tranche A facility of up
to USD 500,000,000 and an incremental tranche D facility of up to USD 1,520,000,000.
	 
	(K)	 	The Confirming Grantors (and Beverage Packaging Holdings (Luxembourg) III S.à r.l., SIG
Combibloc Group AG and, where applicable, SIG Finanz AG), among others, have entered into
Swiss law-governed confirmation and amendment agreements dated May 4, 2010 and November 16,
2010 respectively pursuant to which, among other provisions, each of the Confirming Grantors
(and each of Beverage Packaging
Holdings (Luxembourg) III S.à r.l., SIG Combibloc Group AG and, where applicable, SIG Finanz
AG) has confirmed that the obligations of the Credit Agreement as amended under the Amendment
No. 2 and the Amendment No. 3 respectively and the obligations of the 2010 Senior Secured
Note Indenture are also secured by the security interest created by the Security Documents to
which it is a party.
	 
	(L)	 	RGHI, the Borrowers, the Guarantors from time to time party thereto, the Lenders from time to
time party thereto and the Administrative Agent (all as defined therein), among others, have
entered into the Amendment No. 4, relating to the Credit Agreement and

 

 

			
	
	 	6 / 15

	 	 	pursuant to which the Credit Agreement has been amended and restated to, inter alia, add
new incremental term loans of up to USD 2,325,000,000 and EUR 250,000,000 (the “Amended and
Restated Credit Agreement”).

	(M)	 	The Confirming Grantors have also signed the Amendment No. 4 but only for the purpose of
giving their assent to the amendments to the Credit Agreement made by the Amendment No. 4 (and
for no other purpose whatsoever). None of the Confirming Grantors (by so being a signatory)
has consented to, confirmed or otherwise acknowledged, and, it was agreed that no Confirming
Grantor can be held liable for, any extension whatsoever of their obligations and liabilities
under the Amended and Restated Credit Agreement or any other Loan Document in excess of, or in
addition to, such obligations and liabilities as they existed with respect to such Confirming
Grantor immediately prior to February 9, 2011 (being the date of execution of the Amendment
No. 4).
	 
	(N)	 	Beverage Packaging Holdings (Luxembourg) III S.à r.l. and SIG Combibloc Group AG, among
others, have entered into Swiss law-governed confirmation and amendment agreements dated
February 1, 2011 and February 9, 2011 respectively pursuant to which, among other provisions,
each of Beverage Packaging Holdings (Luxembourg) III S.à r.l. and SIG Combibloc Group AG has
confirmed that its obligations under the February 2011 Senior Secured Notes Indenture and its
obligations under the Amended and Restated Credit Agreement are also subject to the security
interest created by the Swiss law governed security documents to which it is a party.
	 
	(O)	 	On February 1, 2011 and February 9, 2011, Beverage Packaging Holdings (Luxembourg) III S.à
r.l. and SIG Combibloc Group AG, among others, have entered
into New York law governed reaffirmation agreements in respect of certain non-Swiss law
security to which they are a party and their guarantee of the Credit Agreement and pursuant
to which, among other provisions, they have (i) ratified and affirmed the Amendment No. 4 and
the transactions contemplated thereby, (ii) confirmed and re-affirmed their
respective guarantee of the obligations as provided in the Amended and Restated Credit
Agreement and (iii) confirmed and reaffirmed that certain respective non-Swiss law security
to which they are a party extends to the Additional Obligations as a result of the February
2011 Senior Secured Notes Designation and to the Amended and Restated Credit Agreement.

 

 

			
	
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	(P)	 	Concurrently with this Agreement, the Confirming Grantors, among others, have entered into
a New York law governed reaffirmation agreement dated as of the date hereof in respect of the
non-Swiss law security to which the Confirming Grantors are a party and the guarantee of the
Credit Agreement by each Confirming Grantor and pursuant to which, among other provisions,
each of the Confirming Grantors has (i) ratified and affirmed the Amendment No. 4 and the
transactions contemplated thereby, (ii) confirmed and re-affirmed its respective
guarantee of the obligations as provided in the Amended and Restated Credit Agreement and
(iii) confirmed and reaffirmed that certain of its respective non-Swiss law security, if any,
extends to the Additional Obligations as a result of the February 2011 Senior Secured Notes
Designation and to the Amended and Restated Credit Agreement.
	 
	(Q)	 	The Confirming Grantors and the Collateral Agent (acting for itself and for the benefit and
for the account of the Secured Parties (as defined in the First Lien Intercreditor Agreement))
(collectively, the “Parties” and each a “Party”) have agreed to enter into this Agreement in
order to ensure that the Security Documents continue to secure the Secured Obligations and
extend to all obligations of the Confirming Grantors in connection with the February 2011
Senior Secured Notes Designation, the Amendment No. 4 and the Amended and Restated Credit
Agreement.

NOW IT IS HEREBY AGREED as follows:

	1.	 	DEFINITIONS AND CONSTRUCTION

	(a)	 	Unless defined otherwise herein, capitalized terms and expressions used herein shall have
the meaning ascribed to them in the Security Documents.

	(b)	 	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
that, accordingly, all rights, duties, privileges, protections, indemnities and benefits of
the Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby
incorporated by reference.

 

 

			
	
	 	8 / 15

	2.	 	EFFECTIVE DATE

	 	 	This Agreement is effective as of the date set forth on its front page (the “Effective
Date”).

	3.	 	CONFIRMATION — AMENDMENT
	 
	 	 	Each Party hereby confirms and agrees that any and all Obligations (as defined in the First
Lien Intercreditor Agreement and thus including any and all obligations that are “Additional
Obligations” as a result of the February 2011 Senior Secured Notes Designation or under or in
connection with the Amendment No. 4 and the Amended and Restated Credit Agreement) constitute
“Secured Obligations” as set forth and defined in the Security Documents to which it is a
party and that, therefore, any and all obligations under or in connection with the February
2011 Senior Secured Notes Indenture and the Senior Secured Note Documents (as defined in the
February 2011 Senior Secured Notes Indenture) or the Amendment No. 4 and the Amended and
Restated Credit Agreement shall also be secured by the security interest created by and
pursuant to the Security Documents to which it is a party.

	4.	 	CONTINUITY
	 
	 	 	Each Party hereby confirms that, notwithstanding the effectiveness of the February 2011
Senior Secured Notes Designation, the February 2011 Senior Secured Notes Indenture, the
Senior Secured Note Documents (as defined in the February 2011 Senior Secured Notes
Indenture), the Amendment No 4. and the Amended and Restated Credit
Agreement, and subject to Legal Reservations (as defined in the Credit Agreement), the
Security Documents continue to be in full force and effect, save as amended by this
Agreement, and acknowledges that the security constituted by the Security Documents continues
to be in full force and effect so as to secure, on a pari passu basis, any and all Secured
Obligations (as amended by this Agreement) under or in connection with the February 2011
Senior Secured Notes Indenture, the Senior Secured Note Documents (as defined in the February
2011 Senior Secured Notes Indenture), the Amendment No. 4 and the Amended and Restated Credit
Agreement, as well as the other Loan Documents.
	 
	 	 	For the avoidance of doubt, for Swiss law purposes, the Collateral Agent shall act and shall
be deemed to act for the benefit and for the account of each of the Secured Parties (as
defined in the First Lien Intercreditor Agreement) as a result of the February 2011

 

 

			
	
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	 	 	Senior Secured Notes Designation, the Amendment No. 4 and the Amended and Restated
Credit Agreement, for the purposes of this Agreement, without any prejudice to the rights and
duties laid upon the Collateral Agent under the laws applicable to the Loan Documents.

	5.	 	MISCELLANEOUS
	 
	(a)	 	To the extent permitted under the Principal Finance Documents, this Agreement may not be
modified, amended, altered or supplemented, in whole or in part, except by a written agreement
signed by all the Parties.
	 
	(b)	 	If any provision of this Agreement is found by any competent authority to be void, invalid or
unenforceable, such provision shall be deemed to be deleted from this Agreement and the
remaining provisions of this Agreement shall continue in full force. In this event, the
Agreement shall be construed, and, if necessary, amended in a way to give effect to, or to
approximate, or to achieve a result which is as close as legally possible to the result
intended by the provision hereof determined to be void, illegal or unenforceable.
	 
	(c)	 	The rights of a Party to this Agreement shall not be prejudiced or restricted by any
indulgence or forbearance extended to the other Party. A waiver to pursue any breach of
contract by a Party shall not operate as a waiver of the respective right or as a waiver
to claim any subsequent breach. Any provision of this Agreement may be waived only by a
written statement of the waiving Party.
	 
	6.	 	NOTICES
	 
	(a)	 	Each notice or other communication to be given under this Agreement shall be given in writing
in English and, unless otherwise provided, shall be made by fax, hand delivery or mail.
	 
	(b)	 	Without prejudice to any other method of service of notices and communications provided by
law, any notice or other communication to be given by one Party to another under this
Agreement shall (unless one Party has by 5 days’ notice to the other Party specified another
address) be given to that other Party, in the case of the Confirming Grantors and the
Collateral Agent, at the respective addresses given in section (c) below and shall be
effective only when received.

 

 

			
	
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	(c)	 	The addresses are the ones respectively listed in the relevant “Notices” provisions of the
applicable Security Documents.
	 
	7.	 	FURTHER ASSURANCE
	 
	 	 	Subject to the Agreed Security Principles, the Confirming Grantors shall, at their own
expense, promptly, do all acts and execute all documents that are reasonably required or
requested by the Collateral Agent in connection with and for the purpose of the exercise of
the rights of the Collateral Agent hereunder or under any of the Security Documents.

	8.	 	GOVERNING LAW AND JURISDICTION
	 
	(a)	 	This Agreement shall be governed by and construed in accordance with the substantive laws of
Switzerland (without regard to the International Private Law provisions thereof).
	 
	(b)	 	Any and all litigation to which this Agreement may give rise shall be subject to the
exclusive jurisdiction of the competent authorities and the Commercial Court of the Canton of
Zurich (“Handelsgericht”), with reservation of the right of appeal to the Swiss
Federal Court in Lausanne. The Parties submit to the jurisdiction of said authorities and
Courts.

	9.	 	COUNTERPARTS
	 
	 	 	This Agreement may be executed in any number of counterparts and all of such counterparts
taken together shall be deemed to constitute one and the same instrument.

THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK

THE FOLLOWING PAGES ARE THE SIGNATURE PAGES

 

 

			
	
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SIGNATURE PAGE COLLATERAL AGENT

THE BANK OF NEW YORK MELLON, by

as Collateral Agent for itself and for the benefit and for the account of the Secured Parties

					
	 	
 	 
	 	By:  	                    /s/ Catherine F. Donohue
 	 
	 	 	Name:  	Catherine F. Donohue 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

			
	
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SIGNATURE PAGE SIG GROUP COMPANIES

					
	 	

SIG ALLCAP AG

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	SIG COMBIBLOC (SCHWEIZ) AG

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	SIG SCHWEIZERISCHE INDUSTRIE-GESELLSCHAFT AG

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	SIG TECHNOLOGY AG

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	SIG COMBIBLOC PROCUREMENT AG

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 

 

 

			
	
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SIG REINAG AG 

 	 
	 	By:  	/s/ Karen Mower
 	 
	 	 	Name:  	Karen Mower 	 
	 	 	Title:  	Authorised Signatory 	 
	 

 

 

			
	
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SCHEDULE 1

Security Documents

“Security Documents” means the following Swiss law governed agreements (each of the Security
Documents individually a “Security Document”) between the Confirming Grantors and the Collateral
Agent and each as amended and/or confirmed prior to the Effective Date:

Assignment of bank accounts dated November 5, 2009 and entered into between SIG allCap AG as
assignor and The Bank of New York Mellon acting as collateral agent for itself and for the benefit
and for the account of the secured parties and as assignee.

Receivables Assignment dated November 5, 2009 and entered into between SIG allCap AG as assignor
and The Bank of New York Mellon acting as collateral agent for itself and for the benefit and for
the account of the secured parties and as assignee.

Assignment of bank accounts dated November 5, 2009 and entered into between SIG Combibloc (Schweiz)
AG as assignor and The Bank of New York Mellon acting as collateral agent for itself and for the
benefit and for the account of the secured parties and as assignee.

Receivables Assignment dated November 5, 2009 and entered into between SIG Combibloc (Schweiz) AG
as assignor and The Bank of New York Mellon acting as collateral agent for itself and for the
benefit and for the account of the secured parties and as assignee.

Assignment of bank accounts dated November 5, 2009 and entered into between SIG Schweizerische
Industrie-Gesellschaft AG as assignor and The Bank of New York Mellon acting as collateral agent
for itself and for the benefit and for the account of the secured parties and as assignee.

Receivables Assignment dated November 5, 2009 and entered into between SIG Schweizerische
Industrie-Gesellschaft AG as assignor and The Bank of New York Mellon acting as collateral agent
for itself and for the benefit and for the account of the secured parties and as assignee.

Assignment of bank accounts dated November 5, 2009 and entered into between SIG Technology AG as
assignor and The Bank of New York Mellon acting as collateral agent for itself and for the benefit
and for the account of the secured parties and as assignee.

Receivables Assignment dated November 5, 2009 and entered into between SIG Technology AG as
assignor and The Bank of New York Mellon acting as collateral agent for itself and for the benefit
and for the account of the secured parties and as assignee.

Pledge of intellectual property rights dated November 5, 2009 and entered into between SIG
Technology AG as pledgor and The Bank of New York Mellon acting as collateral agent for itself and
for the benefit and for the account of the secured parties and as pledgee.

Assignment of bank accounts dated December 2, 2009 and entered into between SIG Combibloc

 

 

			
	
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Procurement AG as assignor and The Bank of New York Mellon acting as collateral agent
for itself and for the benefit and for the account of the secured parties and as assignee.

Receivables Assignment dated December 2, 2009 and entered into between SIG Combibloc Procurement AG
as assignor and The Bank of New York Mellon acting as collateral agent for itself and for the
benefit and for the account of the secured parties and as assignee.

Receivables Assignment dated January 29, 2010 and entered into between SIG Reinag AG as assignor
and The Bank of New York Mellon acting as collateral agent for itself and for the benefit and for
the account of the secured parties and as assignee.

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