Document:

exv4w50

Exhibit 4.50

	 	 	 
	 
	 	 

 

 

SIG COMBIBLOC SYSTEMS GMBH

as Transferor

and

THE BANK OF NEW YORK MELLON

as Collateral Agent

 

SECURITY TRANSFER AND ASSIGNMENT AGREEMENT

REGARDING INTELLECTUAL PROPERTY RIGHTS

(SICHERUNGSÜBEREIGNUNG UND — ABTRETUNG

VON GEWERBLICHEN SCHUTZRECHTEN)

 

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 Credit
Document (as defined in Clause 1 of this 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 Credit 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 Credit 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 Credit Document to an Austrian addressee.

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions and Interpretation

	 	 	4	 
	2. Purpose of Transfer and Assignment

	 	 	9	 
	3. Assignment-Transfer

	 	 	9	 
	4. Documentation on the Collateral

	 	 	11	 
	5. Information and List of Licences

	 	 	11	 
	6. Right of Inspection

	 	 	12	 
	7. Registration of the Collateral

	 	 	12	 
	8. Notice of Assignment of Licence Receivables

	 	 	12	 
	9. Collection of Licence Receivables by the Transferor

	 	 	13	 
	10. Right of Enforcement

	 	 	13	 
	11. Limitations on Enforcement

	 	 	14	 
	12. Representations and Warranties

	 	 	17	 
	13. Undertakings

	 	 	17	 
	14. Bookkeeping and Data-Processing

	 	 	18	 
	15. Further Assurance

	 	 	19	 
	16. Delegation

	 	 	19	 
	17. Indemnity

	 	 	19	 
	18. No liability

	 	 	19	 
	19. Duration and Independence

	 	 	20	 
	20. Release (Sicherheitenfreigabe)

	 	 	20	 
	21. Partial Invalidity, Waiver

	 	 	20	 
	22. Amendments

	 	 	21	 
	23. Notices and their Language

	 	 	21	 
	24. Applicable Law, Jurisdiction

	 	 	22	 

 

	 	 	 	 	 
	Clause	 	Page	 
	25. Conclusion of this Agreement (Vertragsschluss)

	 	 	23	 
	Schedule 1 List of Original Borrowers, Original Guarantors and Original Senior Secured Note
Guarantors	 	 	24	 
	Part 1 — the Original Borrowers

	 	 	24	 
	Part 2 — the Original Guarantors

	 	 	24	 
	Part 3 — List of Original Senior Secured Note Guarantors

	 	 	26	 
	Schedule 2 List of Patents

	 	 	28	 
	Schedule 3 List of Registered Designs

	 	 	33	 
	Schedule 4 List of Trademarks

	 	 	34	 
	Schedule 5 List of Utility Models

	 	 	36	 
	Schedule 6 Übertragungserklärung (Declaration of Assignment)

	 	 	37	 
	Schedule 7 Form of Notice for a disclosed Assignment

	 	 	38	 
	Schedule 8 Form of Blank Notification Letters

	 	 	42	 
	Schedule 9 List of Licence Agreements

	 	 	45	 
	Signature Page

	 	 	46	 

 

 

This SECURITY TRANSFER AND ASSIGNMENT AGREEMENT (the “Agreement”) is made on 5 November 2009

BETWEEN:

	(1)	 	SIG Combibloc Systems GmbH, a limited liability company (Gesellschaft mit beschränkter
Haftung) organised under the laws of the Federal Republic of Germany having its business
address at Rurstraße 58, 52441 Linnich, Germany which is registered in the commercial register
(Handelsregister) of the local court (Amtsgericht) of Düren under HRB 3935 (the “Transferor”);
and

	(2)	 	The Bank of New York Mellon, having its business address at 1 Wall Street, New York, N.Y.
10286, The United States of America in its capacity as collateral agent for the Secured
Parties (as defined below) under the First Lien Intercreditor Agreement (as defined below)
(the “Collateral Agent”).

WHEREAS:

	(A)	 	Pursuant to a USD 1,155,000,000 and EUR 330,000,000 multi-currency term and revolving credit
agreement dated on or about 5 November 2009 between, inter alia, the parties listed in Part 1
of Schedule 1 hereto as original borrowers (the “Original Borrowers”), the parties listed in
Part 2 of Schedule 1 hereto as original guarantors (the “Original Guarantors”), Credit
Suisse Cayman Island branch as administrative agent and The Bank of New York Mellon as
collateral agent and others (as amended, varied, novated, supplemented, superseded or extended
from time to time, the “Credit Agreement”), certain lenders (together the “Original Lenders”)
have agreed to grant certain facilities to the Original Borrowers and certain other entities
which may accede to the Credit Agreement as additional borrowers.

	(B)	 	Pursuant to a senior secured note indenture dated on or about 5 November 2009 between, inter
alia, Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., and Reynolds Group Issuer
(Luxembourg) S.A as issuers (the “Issuers”), certain affiliates of the Issuers listed in Part
3 of Schedule 1 as original senior secured note guarantors (the “Original Senior Secured Note
Guarantors”) and The Bank of New York Mellon, as indenture trustee, principal paying agent,
transfer agent and registrar, (as amended, varied, novated, supplemented, superseded or
extended from time to time, the “Senior Secured Note Indenture”), the Issuers will issue
senior secured notes due 2016 in the aggregate principal amount of USD 1,125,000,000 (the “US
Secured Notes”) and senior secured notes due 2016 in the aggregate principal amount of EUR
450,000,000 (the “Euro Secured Notes” and together with the US Secured Notes the “Senior
Secured Notes”) to certain noteholders.

	(C)	 	The Transferor has agreed to transfer the Collateral (as defined below) and assign the
Licence Receivables (as defined below) to the Collateral Agent as security for the Secured
Parties’ (as defined below) respective claims against the Grantors (as defined below) (or any
of them) in respect of the Obligations (as defined below).

	(D)	 	The security created by or pursuant to this Agreement is to be held and administered by the
Collateral Agent for the Secured Parties (as defined below) pursuant to a first lien
intercreditor agreement dated on or about 5 November 2009 between, inter alia, the Collateral
Agent, the Indenture Trustee, the Administrative Agent and the Gran

 - 3 - 

 

	 	 	tors (each as defined below) and others (as amended, varied, novated, supplemented,
superseded or extended from time to time, the “First Lien Intercreditor Agreement”).

	(E)	 	The Transferor has granted security interests over the Collateral (as defined below) to
Credit Suisse pursuant to existing security documents entered into in connection with certain
existing financing arrangements with Credit Suisse and others (the “Existing Security”). The
Existing Security will be released on or about the date hereof in accordance with the terms of
a release agreement between the Transferor, Credit Suisse and others.

	(F)	 	The Transferor has granted licences for the use of the Collateral (as defined below) to SIG
Technology AG and SIG Finanz AG.

NOW IT IS HEREBY AGREED as follows:

1. DEFINITIONS AND INTERPRETATION

	1.1	 	Definitions:

	 	 	“Administrative Agent” means Credit Suisse Cayman Island branch, having its business address
at One Madison Avenue, New York, NY 10010, United States of America in its capacity as
administrative agent under the Credit Agreement and any successor appointed as
administrative agent under the Credit Agreement.

	 	 	“Authorisation” means the authorisation to collect the Licence Receivables
(Einziehungsermächtigung) and to exercise any rights and claims in relation to the Licence
Receivables in accordance with the terms of the Principal Finance Documents granted by the
Collateral Agent to the Transferor pursuant to Clause 9 hereof.

	 	 	“Borrowers” means the Original Borrowers and any entity which may accede to the Credit
Agreement as an additional borrower and “Borrower” means any of them.

	 	 	“Cash Management Bank” shall mean Citibank NA, Banco Nacional De Mexico S.A., Citibank
International PLC, UK, Citibank (China) Co., Limited, Citibank Global Markets Deutschland AG
& Co KGaA, Citibank ZRT, Hungary, a Lender, the Administrative Agent or any of the Lender’s
or the Administrative Agent’s affiliates (at the time the cash management services
arrangement is entered into) provided in each case it has become a party to, or by execution
of an additional bank secured party acknowledgment has agreed to be bound by the terms of,
the First Lien Intercreditor Agreement in its capacity as cash management bank.

	 	 	“Cash Management Services” shall mean any agreement or arrangement by a Cash Management Bank
to provide any composite accounting or other cash pooling arrangements and netting,
overdraft protection and other arrangements with any bank arising under standard business
terms of such Cash Management Bank to a Grantor.

	 	 	“Collateral” means the Utility Models, the Patents, the Trademarks and the Registered
Designs.

	 	 	“Credit Documents” shall mean the Loan Documents and the Senior Secured Note Documents.

 - 4 - 

 

	 	 	“Enforcement Event” shall mean an Event of Default.

	 	 	“Event of Default” means any event of default (Kündigungsgrund) under the Credit Agreement
and/or the Senior Secured Note Indenture.

	 	 	“Existing Intercreditor Agreement” means the existing intercreditor agreement dated 11 May
2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007 and
as amended and restated on or about the date hereof) between, inter alia, Beverage Packaging
Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Reynolds Group Holdings
Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging Holdings
(Luxembourg) III S.à r.l., Credit Suisse as security trustee and others.

	 	 	“Grantors” means the Loan Parties, the Issuers and the Senior Secured Note Guarantors and
any person that has granted a security interest to the Collateral Agent and/or the Secured
Parties in respect of the obligations of the Loan Parties, the Issuers and the Senior
Secured Note Guarantors under the Credit Documents and “Grantor” means any of them.

	 	 	“Grantors’ Agent” shall mean Reynolds Group Holdings Limited or any other person appointed
as agent of the Grantors in accordance with the Principal Finance Documents.

	 	 	“Group” means Reynolds Group Holdings Limited and its direct or indirect subsidiaries
(Tochtergesellschaften).

	 	 	“Hedge Counterparty” means a Lender, the Administrative Agent or any of the Lender’s or the
Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has
entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or
any exchange rate and/or commodity price risks provided it has become a party, or by
execution of an additional bank secured party acknowledgment has agreed to be bound by the
terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

	 	 	“Incremental Assumption Agreement” shall mean an incremental assumption agreement relating
to incremental facilities of up to USD 400,000,000 among, and in form and substance
reasonably satisfactory to, one or more Borrowers, the Administrative Agent, one or more
Incremental Term Lenders and/or one or more Incremental Revolving Credit Lenders pursuant to
which one or more Incremental Term Lenders make available Incremental Term Loan Commitments
and/or one or more Incremental Revolving Credit Lenders make available Incremental Revolving
Credit Commitments respectively.

	 	 	“Incremental Revolving Credit Lender” shall mean a Lender with an Incremental Revolving
Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class
as a result of an Incremental Revolving Credit Commitment.

	 	 	“Incremental Revolving Credit Commitment” shall mean the commitment of any Lender,
established pursuant to the Credit Agreement, to make available certain revolving credit
loans to one or more Borrowers.

 - 5 - 

 

	 	 	“Incremental Term Lender” shall mean a Lender with an Incremental Term Loan Commitment.

	 	 	“Incremental Term Loan Commitment” shall mean the commitment of any Lender, established
pursuant to the Credit Agreement, to make available certain term loans to one or more
Borrowers.

	 	 	“Indenture Trustee” shall mean The Bank of New York Mellon, in its capacity as indenture
trustee under the Senior Secured Note Indenture and any successor appointed as indenture
trustee under the Senior Secured Notes Indenture.

	 	 	“Intercreditor Arrangements” means the First Lien Intercreditor Agreement and the Existing
Intercreditor Agreement, in each case as amended, novated, supplemented, restated, or
modified from time to time.

	 	 	“Issuing Bank” means Credit Suisse or any other Lender or any affiliate of Credit Suisse or
any other Lender that issues letters of credit or bank guarantees under the Credit
Agreement.

	 	 	“Lenders” shall mean the Original Lenders and any entity which may become a lender under the
Credit Agreement in the future and “Lender” means any of them.

	 	 	“Licence Receivables” means all present and future, actual and contingent receiv-ables,
rights and claims (including monetary claims for damages and unilateral rights
(Gestaltungsrechte) of the Transferor against any licencee or counterparty (including
members of the Group) originating from the Licences, using or any other form of exploiting
any Collateral of the Transferor (including but not limited to the licence agreements
specified in Schedule 9 (List of Licence Agreements)).

	 	 	“Licences” means all present and future in rem (dinglich) or in personam (schul-drechtlich)
licences (Lizenzen) or sub-licences (Unterlizenzen) of the Transferor as li-censor
(Lizenzgeber) in relation to any of the Collateral with all rights and claims associated
thereto arising from such licence agreements or sub-licence agreement (including, but not
limited to, the licence agreements specified in Schedule 9 (List of Licence Agreements)
hereto.

	 	 	“Loan Documents” shall mean the Credit Agreement, any borrowing subsidiary agreement and/or
guarantor joinder agreement relating to the Credit Agreement, any letter of credit or bank
guarantee relating to the Credit Agreement, any security documents relating to the Credit
Agreement, any hedging agreement entered into by a Hedge Counterparty and a Grantor, each
Incremental Assumption Agreement, the Intercreditor Arrangements, each Promissory Note, any
agreement between a Grantor and a Cash Management Bank relating to Cash Management Services,
each Local Facility Agreement and any other document that may be entered into pursuant to
any of the foregoing in relation to the Credit Agreement.

	 	 	“Loan Parties” shall mean the Borrowers, the Original Guarantors and any entity which may
accede to the Credit Agreement as additional guarantor and a “Loan Party” means any of them.

 - 6 - 

 

	 	 	“Local Facilities” means working capital facilities provided to a Grantor (other than
Beverage Packaging Holdings (Luxembourg) I S.A., Beverage Packaging Holdings (Luxembourg) II
S.A. Beverage Packaging Holdings (Luxembourg) III S.à.r.l. and the Borrowers) by a Local
Facility Provider and “Local Facility” means any of them.

	 	 	“Local Facility Agreements” shall mean any agreement under which a Local Facility is made
available.

	 	 	“Local Facility Provider” means each of Deutsche Bank AG, Commerzbank Aktiengesellschaft,
Bank of America, N.A., HSBC Trinkaus & Burkhardt AG and Hong Kong and Shanghai Banking
Corporation Ltd., Thailand, provided in each case it has become a party to, or by execution
of an additional bank secured party acknowledgment has agreed to be bound by the terms of,
the First Lien Intercreditor Agreement in its capacity as local facility provider.

	 	 	“Obligations” shall mean all present and future obligations and liabilities (whether actual
or contingent and whether owed jointly or severally or in any other capacity whatsoever) of
each Grantor to the Secured Parties (or any of them) under each or any of the Credit
Documents, together with all costs, charges and expenses incurred by any Secured Party in
connection with the protection, preservation or enforcement of its respective rights under
the Credit Documents or any other document evidencing or securing any such liabilities. The
Obligations shall further include any obligation based on unjust enrichment
(ungerechtfertigte Bereicherung) or tort (Delikt).

	 	 	“Other Jurisdiction” means any jurisdiction other than Germany where any Grantor is
incorporated or has its seat.

	 	 	“Other Jurisdiction Collateral” means Specified Collateral existing and or registered in an
Other Jurisdiction.

	 	 	“Patents” (Patente) means all present and future patents and patent applications currently
held or to be acquired by the Transferor together with the inventions described and claimed
therein (including, but not limited to, those listed in Schedule 2 hereto).

	 	 	“Principal Finance Documents” means the Credit Agreement, the Senior Secured Note Indenture
and the First Lien Intercreditor Agreement.

	 	 	“Promissory Note” shall mean any promissory note executed and delivered by a Borrower upon
the request of a Lender evidencing the amount of principal owed by such Borrower to such
Lender under the Credit Agreement.

	 	 	“Registered Designs” (Geschmacksmuster) means all present and future registered designs and
registered design applications, currently held or to be acquired by the Transferor
(including, but not limited to, those listed in Schedule 3 hereto).

	 	 	“Secured Parties” shall mean the Lenders (including in their capacity as issuing bank(s),
and/or Hedge Counterparties under the Credit Agreement), the Hedge Counterparties, the
Administrative Agent, any Issuing Bank, the beneficiaries of each indemnification obligation
undertaken by any Grantor under any Credit Document, the Senior Secured Note Holders, the
Indenture Trustee, the Collateral Agent, the Local Facility Providers and the Cash
Management Banks.

 - 7 - 

 

	 	 	“Senior Secured Note Documents” shall mean the Senior Secured Note Indenture, the Senior
Secured Note Guarantees, the Senior Secured Notes, the Intercreditor Arrangements, any
security document relating to the Senior Secured Notes and/or the Senior Secured Note
Indenture and any other document that may be entered into pursuant to any of the foregoing.

	 	 	“Senior Secured Note Guarantees” shall mean the guarantees of the obligations of the Issuers
under the Senior Secured Notes and the Senior Secured Note Indenture by the Senior Secured
Note Guarantors.

	 	 	“Senior Secured Note Guarantors” means the Original Senior Secured Note Guarantors and any
entity which may accede to the Senior Secured Note Indenture as additional guarantor.

	 	 	“Senior Secured Note Holders” shall mean the holders from time to time of the Senior Secured
Notes.

	 	 	“Specified Collateral” means the Specified Patents, the Specified Registered Designs, the
Specified Trademarks and the Specified Utility Models.

	 	 	“Specified Patents” means all Patents listed in Schedule 2 hereto.

	 	 	“Specified Registered Designs” means all Registered Designs listed in Schedule 3 hereto.

	 	 	“Specified Trademarks” means all Trademarks listed in Schedule 4 hereto.

	 	 	“Specified Utility Models” means all Utility Models listed in Schedule 5 hereto.

	 	 	“Trademarks” (Marken) means all present and future registered trademarks and trademark
applications currently held or to be acquired by the Transferor (including, but not limited
to, those listed in Schedule 4).

	 	 	“Utility Models” (Gebrauchsmuster) means all present and future utility models and utility
model applications currently held or to be acquired by the Transferor (including, but not
limited to, those listed in Schedule 5 hereto.

	1.2	 	Construction

	 	 	In this Agreement:

	 	(a)	 	Capitalised terms used in this Agreement (or in any notice given under this
Agreement) but not defined therein shall have the meanings ascribed thereto in the
First Lien Intercreditor Agreement; and

	 	(b)	 	any reference in this Agreement to a “Clause”, a “sub-Clause” or a “Schedule”
shall, subject to any contrary indication, be construed as a reference to a Clause, a
sub-Clause or a Schedule in this Agreement.

	1.3	 	This Agreement is made in the English language. For the avoidance of doubt, the English
language version of this Agreement shall prevail over any translation of this

 - 8 - 

 

	 	 	Agreement. However, where a German translation of a word or phrase appears in the text of
this Agreement, the German translation of such word or phrase shall prevail.
	 
	2.	 	PURPOSE OF TRANSFER AND ASSIGNMENT
	 
	 	 	The transfer of title and assignment hereunder is constituted in order to secure the prompt
and complete satisfaction of any and all Obligations. The transfer of title and the
assignment hereunder shall also cover any future extension of the Obligations and the
Transferor herewith expressly agrees that the transfer of title and the assignment shall
secure the Obligations as extended or increased from time to time.
	 
	3.	 	ASSIGNMENT-TRANSFER
	 
	3.1	 	The Transferor hereby assigns and transfers to the Collateral Agent in its capacity as
Collateral Agent for the benefit of the Secured Parties the Collateral, assigns and transfers
all present and future rights in relation to the Collateral, including but not limited to all
present and future rights arising from the granting of Licences including all collateral and
ancillary rights (including but not limited to, Gestaltungs- und Nebenrechte and akzessorische
Sicherheiten) to the Collateral Agent for the benefit of the Secured Parties pursuant to
(including by way of analogy) Section 401 of the German Civil Code (Bürgerliches Gesetzbuch).
In case of security rights and ancillary rights pertaining to the Collateral and which are not
assigned and transferred to the Collateral Agent by operation of law pursuant to Section 401
of the German Civil Code (the “Independent Ancillary Rights”), the Collateral Agent may
request at any time and at its sole discretion (upon instructions in accordance with the First
Lien Intercreditor Agreement) the assignment and/or transfer (as the case may be) of such
Independent Ancillary Rights), to the Collateral Agent for the benefit of the Secured Parties.

	3.2	 	Upon the reasonable request of the Collateral Agent (taking into account the costs to the
Transferor and the benefit of the Secured Parties) and subject to the terms of the Principal
Finance Documents, the Transferor undertakes to take all actions in the form reasonably
required by the Collateral Agent (as instructed in accordance with the First Lien
Intercreditor Agreement) at the Transferors own costs to ensure as far as it is possible that
the assignment and transfer under this Agreement with respect to Other Jurisdiction Collateral
is valid and perfected in each Other Jurisdiction as the Collateral Agent has so reasonably
requested and that the Collateral Agent will have a valid security interest under the laws of
such Other Jurisdiction, provided that the Transferor shall not be required to take such
requested action if it would have a material adverse effect on the ability of the Transferor
to conduct its operations and business or if such action is not in accordance with the terms
of the Principal Finance Documents and provided further that the Transferor shall not be
required to comply with any such request by the Collateral Agent prior to the date which falls
90 days after the date of this Agreement. Upon reasonable request of the Collateral Agent
(taking into account the costs to the Transferor and the benefit of the Secured Parties), the
Transferor shall without undue delay provide the Collateral Agent with copies of all
registrations. The Transferor hereby irrevocably authorises the Collateral Agent to take all
actions and to make all declarations on its behalf that are necessary or reasonable (taking
into account the costs to the Transferor and the benefit of the Secured Parties) under the
applicable laws in the Other Jurisdictions to ensure the validity of the assignment and
transfer of the Other Jurisdiction Collateral, unless

 - 9 - 

 

		 	otherwise agreed pursuant to the Principal Finance Documents. This authority encompasses, in
particular, the registration of the assignment and transfer and the assignment or transfer
of an Obligation with the intellectual property registers in all Other Jurisdictions with
respect to Other Jurisdiction Collateral in which a respective registration is possible
provided that the Collateral Agent may only make use of this authorisation if the Transferor
has not complied with the obligations imposed on the Transferor in this Clause 3.2 or
Clause 7 or the actions requested by the Collateral Agent in accordance with this Clause
3.2 (subject to the terms of the Principal Finance Documents) within 10 business days of
being notified of such failure (with a copy of such notice being sent to the Grantors’
Agent) and being requested to comply or if an Enforcement Event has occurred and is
continuing. The Collateral Agent shall not be obliged to exercise the powers conferred upon
it by the Transferor under this Clause 3.2 unless and until it shall have been (i)
instructed to do so in accordance with the Principal Finance Documents and (ii) indemnified
and/or secured and/or prefunded to its satisfaction.For the avoidance of doubt, nothing in
this Clause 3.2 shall be construed to require the Transferor to enter into further security
documents governed by the laws of any Other Jurisdiction (unless required under any other
Credit Document or otherwise agreed between the Transferor and the Collateral Agent) unless
there is a corresponding requirement under the Principal Finance Documents.

	 	 	For the avoidance of doubt, in this Clause 3.2 “costs” includes, but is not limited to,
income tax cost, registration taxes payable on the creation or for the continuance of the
security created hereunder, stamp duties, out-of-pocket expenses, and other fees and
expenses directly incurred by the Transferor or any of its direct or indirect owners,
subsidiaries or affiliates.

	3.3	 	The Transferor hereby assigns to the Collateral Agent in its capacity as Collateral Agent for
the benefit of the Secured Parties the Licence Receivables.

	3.4	 	The Collateral Agent hereby accepts the assignment and transfer of the Collateral the
assignment of the Licence Receivables pursuant to Clause 3.1.

	3.5	 	Title to the present Collateral shall pass over to the Collateral Agent on execution of this
Agreement. Title to the future Collateral shall pass over to the Collateral Agent when it
comes into existence.

	3.6	 	The existing Licence Receivables shall pass over to the Collateral Agent on execution of this
Agreement, and any future Licence Receivables shall pass over to the Collateral Agent at the
date such Licence Receivables come into existence.

	3.7	 	The Collateral Agent shall be entitled to be registered in the relevant public register as
owner of the Collateral only pursuant to Clauses 7 and 8 at the expense of the Transferor.

	3.8	 	Until realisation of the Collateral pursuant to Clause 10.1, the Transferor shall be
entitled to use and to exercise all rights and powers in respect of the Collateral in
accordance with the terms of the Credit Documents. To this effect the Collateral Agent grants
an exclusive revocable licence to the Transferor for using the Collateral without any
royalties being due therefore, provided that such licence may only be revoked if an
Enforcement Event has occurred and is continuing. The Transferor shall

 - 10 - 

 

	 	 	be entitled to grant sublicences without prior written consent of the Collateral Agent and
shall inform the Collateral Agent without undue delay of such sublicensing (other than in
relation to any sub-licensing to the Grantors’ Agent or any of its affiliates). The
Transferor shall further be entitled to apply for the registration of any Collateral in its
own name. Upon the occurrence of an Enforcement Event and whilst it is continuing, the
Collateral Agent may terminate the exclusive licence granted pursuant to this Clause 3.8
with immediate effect and will substitute the Transferor as grantor of any sublicences.
Moreover, all licences the Transferor granted to a member of the Group can be terminated by
the Collateral Agent upon the occurrence of an Enforcement Event and whilst it is
continuing.
	 
	4.	 	DOCUMENTATION ON THE COLLATERAL
	 
	 	 	Upon reasonable request, the Transferor shall deliver to the Collateral Agent up-to-date
excerpts of the relevant registers or application confirmations concerning present and
future registrations of the Collateral with the competent authorities provided, however,
that while no Enforcement Event is continuing such request shall not be made more than once
a year and only in relation to the Specified Collateral and be limited to those excerpts and
applications the Collateral Agent has not already received, as well as copies of any and all
documents relating to court proceedings or any other challenge of the validity or use of the
Specified Collateral and correspondence with other owners of intellectual property regarding
the validity and scope of the Specified Collateral.
	 
	5.	 	INFORMATION AND LIST OF LICENCES
	 
	5.1	 	The Transferor shall deliver to the Collateral Agent within three months after the end of
each calendar year ending after January 2010 and, after the occurrence of an Enforcement Event
whilst it is continuing at any time upon the request of the Collateral Agent an updated list
of the Collateral which shall include all Collateral which the Transferor determines to have a
value of EUR 1,000,000 or more. The list or lists shall give the details set forth in
Schedule 2 to Schedule 5.

	5.2	 	The list or lists may be delivered to the Collateral Agent in the form of a computer compact
disk or in such other form as from time to time agreed between the Collateral Agent and the
Transferor provided that the Collateral Agent may in its reasonable discretion request a
computer print-out in addition to any other form.

	5.3	 	The list or lists referred to in this Clause 5 are for information purposes only. The
Transferor shall, however, use reasonable endeavours in preparing those lists. The list shall
not be conclusive as to the Collateral transferred hereunder and shall not affect in any way
the transfer of Collateral hereunder.

	5.4	 	The Transferor shall procure in accordance with the terms of the Principal Finance Documents,
that to the extent further steps are necessary to comply with any requirement under the
Principal Finance Documents to create or perfect security over any Other Jurisdiction
Collateral set out in any list delivered pursuant to Clause 5.1 such steps are taken in
accordance with the Principal Finance Documents.

	5.5	 	The Transferor shall deliver to the Collateral Agent without undue delay, but not later than
90 days upon execution of this Agreement, a list of Licences to the present

 - 11 - 

 

	 	 	Collateral granted currently to third parties, whereas such list shall encompass Licences
under which payments are or will become due after the effective date of this Agreement. The
list shall give the details set forth in Schedule 2 to Schedule 5.
	 
	6.	 	RIGHT OF INSPECTION
	 
	 	 	Except as otherwise set forth in the Principal Finance Documents, the Transferor undertakes
to provide the Collateral Agent without undue delay at its reasonable request with all
information and documents, which are necessary for perfecting and, after an Enforcement
Event and whilst it is continuing, for enforcing the security created hereby.
	 
	7.	 	REGISTRATION OF THE COLLATERAL
	 
	7.1	 	The Transferor shall deliver to the Collateral Agent, not later than 20 Business Days after
the date of this Agreement, a declaration of assignment (Übertragungserklärung) for the
registration of the assignment of the Collateral to the Collateral Agent by the Transferor in
the form of Schedule 6 and any other form and at such time as may be required in such Other
Jurisdiction in which the Transferor is required in accordance with Clause 3.2 to perfect
the assignment and transfer of the Other Jurisdiction Collateral. The declaration of
assignment must only be in certified form (notariell beglaubigte Form) in those countries
where such a form is necessary for the registration of the assignment of the Other
Jurisdiction Collateral to the Collateral Agent by the Transferor. Such declarations of
consent shall only be used after the occurrence of an Enforcement Event and whilst it is
continuing or if the registration is necessary to perfect the assignment and transfer of the
Other Jurisdiction Collateral, in which case the Collateral Agent is entitled to be registered
before the occurrence of an Enforcement Event.

	7.2	 	Notwithstanding its rights under Clause 8 hereof, the Collateral Agent shall, in the event
of its registration as the owner of the Collateral and to the extent reasonable, maintain the
Collateral at the expense of the Transferor and exercise the rights following from the
Collateral at the expense of the Transferor.

	7.3	 	After the occurrence of an Enforcement Event and whilst it is continuing or if the
registration is necessary to perfect the assignment and transfer any of the Specified
Collateral, the Collateral Agent is entitled (unless otherwise set forth in the Principal
Finance Documents) to be registered in the respective public register as owner of the
Specified Collateral and is entitled to arrange for its registration or changes of
registration in the respective public registers as the owner of the respective Specified
Collateral, for and on behalf of the Secured Parties. The Transferor shall make all statements
and take all actions that are required for the purpose of registration of the Collateral Agent
in accordance with this Clause 7.3. Insofar as additional declarations or actions are
necessary for the transfer of title and/or assignment of any part of the Specified Collateral,
the Transferor shall, at the Collateral Agent’s request, make such declarations or undertake
such actions.
	 
	8.	 	NOTICE OF ASSIGNMENT OF LICENCE RECEIVABLES
	 
	8.1	 	The Transferor shall notify by registered mail (Einschreiben mit Rückschein), substantially
in the form set out in Schedule 7 hereto (Form of Notice for a Disclosed

 - 12 - 

 

	 	 	Assignment) within 90 days from the date hereof or, with respect to Licence Receivables
arising from agreements entered after the date of this Agreement, within one month after
such agreement is entered into, the relevant debtor of the assignment of the Licence
Receivables but in each case only if the debtor of the Licence Receivables is another member
of the Group.
	 
	8.2	 	The Transferor shall use all reasonable endeavours to procure that the debtors of the Licence
Receivables notified in accordance with Clause 8.1 above acknowledge each notice of
assignment and accept the terms of the assignment as set out in Schedule 7 (Form of Notice
for a Disclosed Assignment) without undue delay. The Transferor shall provide evidence to the
Collateral Agent of any such acknowledgement received.
	 
	8.3	 	The Transferor shall deliver to the Collateral Agent 10 (ten) dated notification letters in
the form Schedule 8 (Form of Blank Notification Letter) executed in blank within 90 days from
the date hereof for the purpose of notifying the debtors of the Licence Receivables of the
assignment of the Licence Receivables. The Collateral Agent will only use such notification
letters if it is entitled to enforce this Agreement in accordance with Clause 10.
	 
	9.	 	COLLECTION OF LICENCE RECEIVABLES BY THE TRANSFEROR
	 
	9.1	 	At all times while no Enforcement Event is continuing, the Transferor is authorised by the
Collateral Agent to collect the Licence Receivables (ermächtigt zur Einziehung) in its own
name and for its own account and to dispose of, and exercise any rights and claims in relation
to, the Licence Receivables in accordance with the terms of the Principal Finance Documents
(including, for the avoidance of doubt, the disposal of the Licence Receivables). The
Collateral Agent may revoke the Authorisation at any time if an Enforcement Event has occurred
and is continuing.
	 
	10.	 	RIGHT OF ENFORCEMENT
	 
	10.1	 	If (i) an Enforcement Event has occurred and is continuing and (ii) any of the Obligations
has become due and payable, then the Collateral Agent is entitled to enforce this Agreement
and realise the Collateral.

	10.2	 	The Collateral Agent will notify the Transferor in writing at least 5 (five) business days
prior to the enforcement of the security granted hereunder. No such notice shall be required
if (i) the Transferor has generally ceased to make payments, (ii) an application for the
institution of insolvency proceedings is filed by or against the Transferor or (iii) the
Collateral Agent has reasonable grounds to believe that observance of the notice period would
adversely affect the legitimate interests (berechtigte Interessen) of the Collateral Agent.

	10.3	 	In the case of a sale, the Transferor shall promptly provide the Collateral Agent with all
documents of title and other documents relating to the Collateral and/or the Licence
Receivables.

	10.4	 	At any time while an enforcement event as described in sub-clause 10.1 is continuing, the
Collateral Agent has the right to sell all or part of the Collateral by way of private sale to
the extent necessary to satisfy any outstanding Obligations, it being understood

 - 13 - 

 

	 	 	that the Collateral Agent shall apply the proceeds of such realisation towards the
Obligations in accordance with the First Lien Intercreditor Agreement.
	 
	10.5	 	While being entitled to enforce the security interest created hereunder in accordance with
Clause 10.1 above the Collateral Agent is entitled to revoke the Authorisation, notify the
debtors, enforce its rights under this Agreement and arrange for the collection of the Licence
Receivables in its own name and for its own account or for the sale of the Licence
Receivables. The Collateral Agent may request the Transferor to collect the Licence
Receivables for and on behalf of the Collateral Agent and in accordance with the Collateral
Agent’s instruction. The Transferor shall promptly comply with such request.
	 
	10.6	 	If the Collateral Agent collects any Licence Receivables pursuant to sub-Clause 10.5 hereof,
it may take all measures and enter into all agreements with such debtors which it considers to
be expedient. In particular, the Collateral Agent may grant discounts or indulgence to any
debtors and/or enter into settlement agreements in relation to existing Licence Receivables at
any time.
	 
	10.7	 	While being entitled to enforce the security interest created hereunder in accordance with
Clause 10.1 above the Collateral Agent may request the Transferor to sell the Collateral for
and on its behalf and the Transferor shall promptly comply with such request.
	 
	10.8	 	If the Collateral Agent sells the Collateral pursuant to this Clause 8 it may take all
measures and enter into all agreements which it commercially reasonably considers to be
expedient in connection therewith.
	 
	10.9	 	Notwithstanding sub-Clause 10.4, the Collateral Agent may, following the occurrence of an
Enforcement Event and whilst it is continuing, in its sole discretion, determine which of
several security interests (created under this or other security agreements) shall be used to
satisfy the Obligations.
	 
	10.10	 	Given the non-accessory nature of this security, the Transferor has no defences of
revocation and set-off and no defences based on defences any Grantor might have against the
Obligations. The Collateral Agent is not required to proceed against or enforce any other
rights or security before enforcing the security created hereunder.
	 
	10.11	 	The Transferor shall not at any time before, on or after an enforcement of the security
created hereunder and as a result of the Transferor entering into this Agreement, be entitled
to demand indemnification or compensation from any other Grantor or to assign any of these
claims.
	 
	11.	 	LIMITATIONS ON ENFORCEMENT
	 
	11.1	 	The Collateral Agent shall be entitled to enforce the rights created under this Agreement and
realise the Collateral and/or the Licence Receivables without limitation in respect of:

	 	(a)	 	all and any amounts which are owed under the Credit Documents by the Transferor
itself or by any of its subsidiaries; and

 - 14 - 

 

	 	(b)	 	all and any amounts which correspond to funds that have been borrowed or
otherwise raised under the Credit Documents in each case to the extent borrowed,
on-lent or otherwise passed on to, or issued for the benefit of, the Transferor or any
of its subsidiaries, or for the benefit of any of their creditors and in each case not
repaid and outstanding from time to time
	 
	 	 	 	(in aggregate, the “Unlimited Enforcement Amount”).

	11.2	 	Besides an enforcement in respect of the Unlimited Enforcement Amount applicable to the
Transferor pursuant to Clause 11.1 above, the Collateral Agent shall not be entitled to
enforce this Agreement and realise the Collateral and/or the Licence Receivables if and to the
extent that:

	 	(a)	 	the rights created hereunder secure the obligations of a Grantor which is (x) a
shareholder of the Transferor or (y) an affiliated company (verbundenes Unternehmen)
within the meaning of section 15 of the German Stock Corporation Act (Aktiengesetz) of
a shareholder of the Transferor (other than the Transferor and its subsidiaries); and
	 
	 	(b)	 	the enforcement would have the effect of (x) reducing the Transferor’s net
assets (Reinvermögen) (the “Net Assets”) to an amount of less than its stated share
capital (Stammkapital) or, if the Net Assets are already an amount of less than its
stated share capital, of causing such amount to be further reduced and (y) would
thereby affect the assets required for the obligatory preservation of the Transferor’s
stated share capital (Stammkapital) according to section 30, 31 German Limited
Liability Companies Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung)
provided that the amount of the stated share capital to be taken into consideration
shall be the amount registered in the commercial register at the date hereof, and any
increase of the stated share capital registered after the date of this Agreement shall
only be taken into account if such increase has been effected with the prior written
consent of the Agent.

	11.3	 	The Net Assets shall be calculated as an amount equal to the sum of the values of the
Transferor’s assets (consisting of all assets which correspond to the items set forth in
section 266 sub-section(2) A, B and C of the German Commercial Code (Handelsgesetzbuch) less
the aggregate amount of the Transferor’s liabilities (consisting of all liabilities and
liability reserves which correspond to the items set forth in section 266 sub-section(3) B, C
and D of the German Commercial Code), save that:

	 	(a)	 	any asset that is shown in the balance sheet with a book value (Buchwert) that
is significantly lower than the market value of such asset and that is not necessary
for the Transferor’s business (nicht betriebsnotwendig) shall be taken into account
with its market value;

	 	(b)	 	obligations under loans provided to the Transferor by any member of the Group
or any other affiliated company shall not be taken into account as liabilities as far
as such loans are subordinated by law or by contract at least to the claims of the
unsubordinated creditors of the Transferor; and

 - 15 - 

 

	 	(c)	 	obligations under loans or other contractual liabilities incurred by the
Transferor in violation of the provisions of the Credit Documents shall not be taken
into account as liabilities.
	 
	 	 	 	The Net Assets shall be determined in accordance with the generally accepted accounting
principles applicable from time to time in Germany (Grundsätze ordnungsmäßiger Buchführung)
and be based on the same principles that were applied by the Transferor in the preparation
of its most recent annual balance sheet (Jahresbilanz).
	 
	 	 	 	It being understood that the assets of the Transferor will be assessed at liquidation values
(Liquidationswerte) if the managing directors of the Transferor at the time they prepare the
Management Determination (as defined below) are, due to factual or legal circumstances at
that time, in their opinion not able to make a positive prognosis as to whether the business
of the Transferor can carry on as a going concern (positive Fortführungsprognose), in
particular when the security created under this Agreement is enforced.

	11.4	 	The limitations set out in Clause 11.2 above shall only apply if and to the extent that:

	 	(a)	 	without undue delay, but not later than within 5 business days, after receipt
of a notification by the Collateral Agent of its intention to enforce any of its rights
under this Agreement and realise the Collateral and/or the Licence Receivables (the
“Notice”), the Transferor has confirmed in writing to the Collateral Agent (x) to what
extent such rights are up-stream or cross-stream security as described in Clause 11.2
above and (y) which amount of such up-stream or cross-stream security cannot be
enforced as it would cause the Net Assets of the Transferor to fall below its stated
share capital (taking into account the adjustments set out in Clause 11.3 above) and
such confirmation is supported by evidence reasonably satisfactory to the Collateral
Agent (the “Management Determination”) and the Collateral Agent has not contested this
and argued that no or a lesser amount would be necessary to maintain the Transferor’s
stated share capital; or

	 	(b)	 	within 20 business days from the date the Collateral Agent has contested the
Management Determination, the Collateral Agent receives from the Transferor an up to
date balance sheet prepared by a firm of auditors of international standard and
reputation (the “Determining Auditors”) which shows the value of the Transferor’s Net
Assets (the “Balance Sheet”). The Balance Sheet shall be prepared in accordance with
the principles set out in Clause 11.3 above, provided that the final sentence of
Clause 11.3 above shall not apply unless the Determining Auditors have in an
independent assessment determined that the assets of the Transferor should be evaluated
at liquidation values (Liquidationswerte) in accordance with generally accepted
accounting principles applicable from time to time in Germany (Grundsätze
ordnungsgemäßer Buchführung) and shall contain further information (in reasonable
detail) relating to items to be adjusted pursuant to Clause 11.3 above. If the
Transferor fails to deliver a Balance Sheet within the aforementioned time period, the
Collateral Agent shall be entitled to enforce the rights created under this Agreement
irrespective of the limitations set out in Clause 11.2 above.

 - 16 - 

 

	11.5	 	If the Collateral Agent disagrees with the Balance Sheet, it shall be entitled to enforce
the rights created under this Agreement and realise the Collateral and the Licence Receivables
up to the amount which, according to the Balance Sheet, can be enforced in compliance with the
limitations set out in Clause 11.2 above. In relation to any additional amounts for which
the Transferor is liable under this Agreement, the Collateral Agent shall be entitled to
further pursue their claims (if any) and the Transferor shall be entitled to prove that this
amount is necessary for maintaining its stated share capital (calculated as of the date the
Collateral Agent has given notice of its intention to enforce the security created under this
Agreement).
	 
	11.6	 	No reduction of the amount enforceable under this Clause 11 will prejudice the right of the
Collateral Agent to continue enforcing the rights created under this Agreement (subject always
to the operation of the limitations set out above at the time of such enforcement) until full
satisfaction to the claims secured.
	 
	12.	 	REPRESENTATIONS AND WARRANTIES
	 
	 	 	The Transferor hereby represents and warrants to the Collateral Agent by way of an
independent guarantee (selbständiges Garantieversprechen) that each of Schedule 2 to
Schedule 5 hereof contain all Collateral of the Transferor with a value of EUR 1,000,000 or
more (as such value is determined by the Transferor in accordance with the Principal Finance
Documents). The details set out in Schedule 2 to Schedule 5 hereof are correct and
complete in all material respects in relation to such Collateral as of the date hereof.
	 
	13.	 	UNDERTAKINGS
	 
	 	 	Unless otherwise permitted by the Principal Finance Documents, during the term of this
Agreement, the Transferor undertakes to the Collateral Agent:
	 
	13.1	 	to inform the Collateral Agent in writing promptly of any attachments (Pfändung) of which it
becomes aware in respect of any and all of the Specified Collateral and/or the Licence
Receivables. In the event of an attachment, the Transferor undertakes to forward to the
Collateral Agent without undue delay a copy of the attachment order (Pfändungsbeschluss), the
garnishee order (Überweisungsbeschluss) and all other documents necessary for a defence
against the attachment. The Transferor shall inform the attaching creditor without undue delay
about the Collateral Agent’s security interests;
	 
	13.2	 	not to dispute the validity of the Specified Collateral or of new applications for
registration with regard to the Specified Collateral;
	 
	13.3	 	if failure to do the following would have a material adverse effect, to make all statements
and take all actions at its own expense which are reasonably required in order to maintain the
registration of the Specified Collateral in the ordinary course of business, including the
payment of renewal fees, and have the Specified Collateral registered if not registered so far
and necessary to maintain the legal title therein and to deliver to the Collateral Agent at
its reasonable request copies of the respective documents evidencing such actions;

- 17 -

 

	13.4	 	to inform the Collateral Agent without undue delay if third parties materially dispute or
challenge the validity of any of the Specified Collateral or materially allege that any of the
Specified Collateral violates the rights of third parties, and assert all claims and to
litigate if this is required for the defence against such claims. Following the occurrence of
an Enforcement Event and whilst it is continuing, the Transferor agrees that the Collateral
Agent may take over any judicial or extra judicial proceedings upon reasonable request and at
the Transferor’s expense; and
	 
	13.5	 	subject to Clause 9 of this Agreement, to refrain from any acts or omissions, the purpose or
effect of which is or would be the material dilution of the value of the Licence Receivables
or the Licence Receivables ceasing to be assignable or subjecting any Licence Receivable to
any law other than German law other than in the Transferor’s ordinary course of business;
	 
	13.6	 	to inform the Collateral Agent without undue delay, if third parties infringe any of the
Specified Collateral in a way which would have a material adverse effect on the Collateral
Agent’s and/or the Secured Parties’ rights relating to the Specified Collateral. The
Transferor shall, acting commercially reasonably and considering the legitimate interest of
the Collateral Agent and the Secured Parties, prosecute such infringement in its own name and
at its own expense. All compensation claims becoming due after the date hereof become part of
the Specified Collateral. Following the occurrence of an Enforcement Event and whilst it is
continuing the Collateral Agent and/or the Secured Parties may take over any judicial or extra
judicial proceedings upon request and at the Transferor’s expense.
	 
	14.	 	BOOKKEEPING AND DATA-PROCESSING
	 
	14.1	 	If proof, documents or data which are necessary to identify the Collateral and/or the Licence
Receivables have been handed over by the Transferor to a third party (in particular a
bookkeeping firm or a tax consultant) or are managed by a third party the Transferor hereby
assigns to the Collateral Agent, who hereby accepts such assignment, its right to demand from
such third party the return of the proof and documents and the right to obtain information as
to the registration details of the Collateral. The Collateral Agent will only make use of such
right if an Enforcement Event has occurred and is continuing. Upon the occurrence of an
Enforcement Event and whilst it is continuing, the Transferor hereby undertakes to instruct
the third party to provide the Collateral Agent upon its demand with such information and
documents which are necessary to perfect and/or enforce the security created hereby.
	 
	14.2	 	If details concerning the Collateral and/or the Licence Receivables or any part thereof have
been stored in an electronic data-processing system, then, if an Enforcement Event has
occurred and is continuing, the Transferor shall allow the Collateral Agent access to the
computer, including the peripheral equipment and all data concerning the Collateral or such
part thereof. Moreover, software operators shall be made available insofar as so required, and
any assistance required shall be provided to the Collateral Agent. If a third party handles
the electronic processing of data, the Transferor hereby assigns to the extent legally
possible to the Collateral Agent, who hereby accepts such assignment, all rights against such
third party relating to these services, and instructs such third party to handle the
processing of data for the Collateral Agent upon its demand as it did for the Transferor. The
Collateral Agent

- 18 -

 

	 	 	shall only make use of such rights if an Enforcement Event has occurred and is continuing
	 
	14.3	 	At all times other than during the continuation of an Enforcement Event, the Collateral Agent
authorises the Transferor to exercise the rights assigned to the Collateral Agent pursuant to
Clause 14.1 and Clause 14.2 above.
	 
	15.	 	FURTHER ASSURANCE
	 
	 	 	Insofar as additional declarations or actions are necessary for the transfer of title of any
part of the Specified Collateral the Transferor shall subject to the terms of the Principal
Finance Documents, at the Collateral Agent’s request, acting reasonably, make such
declarations or undertake such actions; it being understood that the Collateral Agent may
only demand registration of the transfer of title if an Enforcement Event has occurred and
is continuing, unless the registration is necessary to perfect the assignment and transfer
of the Specified Collateral, in which case the Collateral Agent is entitled to be registered
before the occurrence of an Enforcement Event which is continuing.
	 
	16.	 	DELEGATION
	 
	 	 	The Collateral Agent shall have full power to delegate (either generally or specifically)
the powers, authorities and discretions conferred on it by this Agreement (including the
power of attorney in Clause Error! Reference source not found.3.2) on such terms and
conditions as it shall see fit. The Collateral Agent shall only remain liable for diligently
selecting and providing initial instructions to such delegate.
	 
	17.	 	INDEMNITY
	 
	 	 	To the extent set out in the First Lien Intercreditor Credit Agreement, the Transferor
shall, notwithstanding any release or discharge of all or any part of the security,
indemnify the Collateral Agent, its agents, its attorneys and any delegate against any
action, proceeding, claims, losses, liabilities, damages, expenses, demands, taxes, losses
and costs which it may sustain as a consequence of any breach by the Transferor of the
provisions of this Agreement, the exercise or purported exercise of any of the rights and
powers conferred on them by this Agreement or otherwise relating to the Collateral.
	 
	18.	 	NO LIABILITY
	 
	 	 	Except to the extent provided in the Principal Finance Documents, none of the Collateral
Agent, its nominee(s) or agent(s) or delegate(s) shall be liable by reason of (a) taking any
action permitted by this Agreement or (b) any neglect or default in connection with the
assets and rights subject to the security interest created hereunder, save in respect of any
loss or damage which is suffered as a result of wilful misconduct (Vorsatz) or gross
negligence (grobe Fahrlässigkeit) by the Collateral Agent, its nominee(s) or agent(s) or
delegate(s), or (c) the enforcement or realisation of all or any part of the security
interest created hereunder.

- 19 -

 

	19.	 	DURATION AND INDEPENDENCE
	 
	19.1	 	This Agreement shall create a continuing security and no change, amendment, or supplement
whatsoever in the Credit Documents or in any document or agreement relating to any of the
Credit Documents shall affect the validity or the scope of this Agreement nor the obligations,
which are imposed on the Transferor pursuant to it.
	 
	19.2	 	This Agreement is independent from any other security or guarantee which may have been or
will be given to the Secured Parties or the Collateral Agent. None of such other security
shall prejudice, or shall be prejudiced by, or shall be merged in any way with, this
Agreement.
	 
	19.3	 	Waiving Section 418 of the German Civil Code (applied by analogy), the Transferor hereby
agrees that the security created hereunder shall not be affected by any transfer or assumption
of the Obligations to, or by, any third party.
	 
	20.	 	RELEASE (SICHERHEITENFREIGABE)
	 
	20.1	 	Upon complete and irrevocable satisfaction of the Obligations, the Collateral Agent (as
instructed in accordance with the First Lien Intercreditor Agreement) will as soon as
reasonably practicable at the cost and expense of the Transferor retransfer and re-assign the
Collateral and/or the Licence Receivables and all other rights and claims assigned or
transferred to it pursuant to this Agreement to the Transferor and surrender the excess
proceeds, if any, resulting from any sale of the Collateral or the realisation of the Licence
Receivables. The Collateral Agent will, however, transfer any of the Collateral and/or assign
the Licence Receivables to a third person if so required by law.
	 
	20.2	 	At any time when the total value of the aggregate security granted by the Transferor and the
other Grantors to secure the Obligations (the “Security”) which can be expected to be realised
in the event of an enforcement of the Security (realisierbarer Wert) exceeds 110% of the
Obligations (the “Limit”), the Collateral Agent shall on demand of the Transferor release such
part of the Security (Sicherheitenfreigabe) as the Collateral Agent may in its reasonable
discretion (as instructed in accordance with the First Lien Intercreditor Agreement) determine
so as to reduce the realisable value of the Security to the Limit.
	 
	20.3	 	The Collateral Agent (as instructed in accordance with the First Lien Intercreditor
Agreement) will as soon as reasonably practicable declare in writing the release of the
security created hereunder and retransfer and reassign the Collateral and the Licence
Receivables to the Transferor in accordance with, and to the extent required by, the
Intercreditor Arrangements.
	 
	21.	 	PARTIAL INVALIDITY, WAIVER
	 
	21.1	 	If at any time, any one or more of the provisions hereof is or becomes invalid, illegal or
unenforceable in any respect under the law of any jurisdiction, such provision shall as to
such jurisdiction, be ineffective to the extent necessary without affecting or impairing the
validity, legality and enforceability of the remaining provisions hereof or of such provisions
in any other jurisdiction. The invalid, illegal or unenforceable provision shall be deemed
replaced with a valid, legal or enforceable provision which

- 20 -

 

	 	 	comes as close as possible to the original intent of the parties and the invalid, illegal or
unenforceable provision. Should a gap (Regelungslücke) become evident in this Agreement,
such gap shall, without affecting or impairing the validity, legality and enforceability of
the remaining provisions hereof, be deemed to be filled in with such provision as comes as
close as possible to the original intent of the parties.
	 
	21.2	 	No failure to exercise, nor any delay in exercising, on the part of the Collateral Agent, any
right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right or remedy prevent any further or other exercise thereof or the exercise
of any other right or remedy. The rights and remedies provided hereunder are cumulative and
not exclusive of any rights or remedies provided by law.
	 
	22.	 	AMENDMENTS
	 
	 	 	Changes and amendments to this Agreement including this Clause 22 shall be made in
writing.
	 
	23.	 	NOTICES AND THEIR LANGUAGE
	 
	23.1	 	All notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by fax, as follows:

	 	 	 	 	 	 	 

	For the Transferor:	 	SIG Combibloc Systems GmbH
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	Rurstraße 58

52441 Linnich

Germany	 	 
	 

	 	Fax:
	 	+49 2462 79 2519	 	 
	 

	 	 	 	Managing directors	 	 
	 

	 	 	 	(Geschäftsführung)	 	 
	with a copy to:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	c/o Rank Group Limited

Level 9

148 Quay Street

PO Box 3515

Auckland 1140

New Zealand	 	 
	 

	 	Telephone:
	 	+649 3666 259	 	 
	 

	 	Fax:
	 	+649 3666 263	 	 
	 

	 	Attention:
	 	Helen Golding	 	 

- 21 -

 

	 	 	 	 	 	 	 

	For the Collateral Agent:

	 	The Bank of New
York Mellon	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	101 Barclay Street, 4E 

New York, N.Y. 10286

The United States of America	 	 
	 

	 	Telephone:
	 	+212 298 1528	 	 
	 

	 	Fax:
	 	+218 815 5366	 	 
	 

	 	Attention:
	 	International Corporate Trust	 	 

	23.2	 	Any party hereto may change its address or fax number for notices and other communications
hereunder by notice to the other parties hereto. As agreed to in writing in accordance with
the First Lien Intercreditor Agreement, notices and other communications hereunder may also be
delivered by e-mail to the e-mail address of a representative of the applicable party to this
Agreement provided from time to time by such party.
	 
	23.3	 	All notices and other communications given to any party in connection with this Agreement in
accordance with the provisions of this Agreement shall be deemed (widerlegbare Vermutung)
received on the date sent (if a business day) and on the next business day thereafter (in all
other cases) if delivered by hand or overnight courier service or sent by fax or on the date
five business days after dispatch by certified or registered mail if mailed, in each case
delivered, sent or mailed (properly addressed) to such party as provided in this Clause 23 or
in accordance with the latest unrevoked direction from such party given in accordance with
this Clause 23.
	 
	23.4	 	Any notice or other communication under or in connection with this Agreement shall be in the
English language or, if in any other language, accompanied by a translation into English. In
the event of any conflict between the English text and the text in any other language, the
English text shall prevail.
	 
	24.	 	APPLICABLE LAW, JURISDICTION
	 
	24.1	 	This Agreement is governed by the laws of the Federal Republic of Germany.
	 
	24.2	 	The place of jurisdiction for any and all disputes arising under or in connection with this
Agreement shall be the district court (Landgericht) in Frankfurt am Main. The Collateral Agent
however, shall also be entitled to take action against the Transferor in any other court of
competent jurisdiction. Further, the taking of proceedings against the Transferor in any one
or more jurisdictions shall not preclude the taking of proceedings in any other jurisdiction
(whether concurrently or not) if and to the extent permitted by applicable law.

- 22 -

 

	25.	 	CONCLUSION OF THIS AGREEMENT (VERTRAGSSCHLUSS)
	 
	25.1	 	The parties to this Agreement may choose to conclude this Agreement by an exchange of signed
signature page(s), transmitted by means of telecommunication (telekommunikative Übermittlung)
by fax or attached as an electronic photocopy (pdf., tif., etc.) to an e-mail.
	 
	25.2	 	If the parties to this Agreement choose to conclude this
Agreement pursuant to sub-Clause 25.1 above, they will transmit the signed signature page(s) of this Agreement to
the attention of Mr. Philipp Kropatscheck or Ms Corinna May
(Philipp.Kropatschek@cliffordchance.com or Corinna.May@cliffordchance.com, fax: +49 69 7199
4000) (each a “Recipient”). The Agreement will be considered concluded once any of the
Recipients has actually received the signed signature page(s) (Zugang der
Unterschriftsseite(n)) from all parties to this Agreement and at the time of the receipt of
the last outstanding signature page(s).
	 
	25.3	 	For the purposes of this Clause 25 only, the parties to this Agreement appoint each
Recipient individually as their attorney (Empfangsvertreter) and expressly allow (gestatten)
each Recipient to collect the signed signature page(s) from all and for all parties to this
Agreement. For the avoidance of doubt, each Recipient will have no further duties connected
with its position as Recipient. In particular, each Recipient may assume the conformity to the
authentic original(s) of the signature page(s) transmitted to it by means of
telecommunication, the genuineness of all signatures on the original signature page(s) and the
signing authority of the signatories.

- 23 -

 

SCHEDULE 1

LIST OF ORIGINAL BORROWERS, ORIGINAL GUARANTORS AND ORIGINAL

SENIOR SECURED NOTE GUARANTORS

PART 1 — THE ORIGINAL BORROWERS

SIG Euro Holding AG & Co. KGaA

Closure Systems International Holding Inc.

Closure Systems International B.V.

SIG Austria Holding GmbH

Reynolds Consumer Products Holdings Inc.

Reynolds Group Holdings Inc.

PART 2 — THE ORIGINAL GUARANTORS

SIG Euro Holding AG & Co. KGaA (Germany)

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à r.l. (Luxembourg)

SIG Finance (Luxembourg) S.à.r.l. (Luxembourg)

Reynolds Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

- 24 -

 

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

Reynolds Group Holdings Inc. (USA)

Reynolds Group Issuer Inc. (USA)

Reynolds Group Issuer LLC (USA)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

Closure Systems International Deutschland Real Estate GmbH & Co KG (Germany)

Closure Systems International (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Consumer Products (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Group Issuer (Luxembourg) S.A. (Luxembourg)

Closure Systems International B.V. (The Netherlands)

Reynolds Consumer Products International B.V. (The Netherlands)

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

Reynolds Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

Reynolds Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

Reynolds Consumer Products Inc. (Delaware, USA)

Reynolds Foil Inc. (Delaware, USA)

- 25 -

 

Reynolds Services Inc. (Delaware, USA)

PART 3 — LIST OF ORIGINAL SENIOR SECURED NOTE GUARANTORS

SIG Euro Holding AG & Co. KGaA (Germany)

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à r.l. (Luxembourg)

SIG Finance (Luxembourg) S.à.r.l. (Luxembourg)

Reynolds Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

Reynolds Group Holdings Inc. (USA)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

- 26 -

 

Closure Systems International Deutschland Real Estate GmbH & Co KG (Germany)

Closure Systems International (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Consumer Products (Luxembourg) S.à r.l. (Luxembourg)

Closure Systems International B.V. (The Netherlands)

Reynolds Consumer Products International B.V. (The Netherlands)

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

Reynolds Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

Reynolds Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

Reynolds Consumer Products Inc. (Delaware, USA)

Reynolds Foil Inc. (Delaware, USA)

Reynolds Services Inc. (Delaware, USA)

- 27 -

 

     

SCHEDULE 2

LIST OF PATENTS

Patents SIG Combibtoc Systems GmbH

22.10.2009

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AZ C&F	 	Land	 	Titel	 	Sachstatus	 	Aktenstatus	 	Anm. - Tag	 	Veroffentl.- Tag	 	Eintr./ Ert.- Tag	 	Anm.- Nr.	 	Veröffentl.- Nr.	 	Eintr./ Ert.- Nr.
	001306AT

	 	AT
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306DE

	 	DE
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306EP

	 	EP
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306ES

	 	ES
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306FR

	 	FR
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306GB

	 	GB
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306IT

	 	IT
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	27.03.2002	 	 	 	02.01.2004	 	 	 	08.06.2005	 	 	 	02 735 187.3	 	 	 	1 373 073	 	 	 	1 373 073	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306TH

	 	TH
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Packungen
	 	erteilt
	 	aktiv
	 	 	29.03.2002	 	 	 	28.02.2003	 	 	 	12.05.2009	 	 	 	072698	 	 	 	55384	 	 	 	25950	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	001306TW

	 	TW
	 	Verfahren und Vorrichtung zur kontinuierli chen Abfüllung einer vorgegebenen Menge eines Produktes
in Pckungen
	 	erteilt
	 	aktiv
	 	 	29.03.2002	 	 	 	 	 	 	 	13.08.2003	 	 	 	91106392	 	 	 	 	 	 	 	176216	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098

	 	DE
	 	Verfahren und Vorrichtung zur Verbesserung der Haftung der einzelnen Schichten eines Verbundmaterials
	 	erteilt
	 	aktiv
	 	 	05.02.2002	 	 	 	14.08.2003	 	 	 	13.04.2006	 	 	 	102 04 521.6-16	 	 	 	102 04 521	 	 	 	102 04 521.6-09	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098CN

	 	CN
	 	Verfahren und Vorrichtung zur Verbesserung der Haftung der einzelnen Schichten eines Verbundmaterials
	 	erteilt
	 	aktiv
	 	 	29.01.2003	 	 	 	15.06.2005	 	 	 	20.08.2008	 	 	 	03803344.5	 	 	CN1628056A
	 	ZL03803344.5

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098HK

	 	HK
	 	METHOD AND DEVICE FOR IMPROVING ADHESION OF THE INDIVIDUAL LAYERS OF A COMPOSITE MATERLAL
	 	erteilt
	 	aktiv
	 	 	29.01.2003	 	 	 	24.03.2006	 	 	 	19.06.2009	 	 	 	05110965.5	 	 	 	1078838A	 	 	HK1078838

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098NO

	 	NO
	 	Verfahren und Vorrichtung zur Verbesserung der Haftung der einzelnen Schichten eines Verbundmaterials
	 	eingereicht
	 	aktiv
	 	 	29.01.2003	 	 	 	 	 	 	 	 	 	 	 	20043280	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098RU

	 	RU
	 	Verfahren und Vorrichtung zur Verbesserung der Haftung der einzelnen Schichten eines Verbundmaterials
	 	erteilt
	 	aktiv
	 	 	29.01.2003	 	 	 	 	 	 	 	20.11.2006	 	 	 	2004126693	 	 	 	 	 	 	 	2287463	 

- 28 -

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AZ C&F	 	Land	 	Titel	 	Sachstatus	 	Aktenstatus	 	Anm. - Tag	 	Veroffentl.- Tag	 	Eintr./ Ert.- Tag	 	Anm.- Nr.	 	Veröffentl.- Nr.	 	Eintr./ Ert.- Nr.
	020098TH

	 	TH
	 	Verfahren und Vorrichtung zur Verbesserung der Haftung der einzelnen Schichten eines Verbundmaterials
	 	eingereicht
	 	aktiv
	 	 	31.01.2003	 	 	 	13.02.2004	 	 	 	 	 	 	 	079748	 	 	 	60807	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020098TW

	 	TW
	 	Verfahren und Vorrichtung zur
Verbesserung der Hathung der einzelnen Schichten eines Verbundmaterials
	 	erteilt
	 	aktiv
	 	 	06.02.2003	 	 	 	01.09.2003	 	 	 	01.04.2005	 	 	 	92102431	 	 	 	200303266	 	 	 	I230124	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	020100PL

	 	PL
	 	Verfahren und Vorrichtung zum
Applizieren von Ausgieß elementen an Packungen und danach hergestellte
Packungen
	 	erteilt
	 	aktiv
	 	 	02.05.2003	 	 	 	 	 	 	 	10.07.2008	 	 	 	P-371 667	 	 	 	 	 	 	 	200902	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478AT

	 	AT
	 	Wiederverschließbares
Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478CH

	 	CH
	 	Wiederverschließbares
Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478DE

	 	DE
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478EP

	 	EP
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478ES

	 	ES
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478FR

	 	FR
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478GB

	 	GB
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478IT

	 	IT
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97478NL

	 	NL
	 	Wiederverschließbares Ausgießelement für Getränkepackungen
	 	erteilt
	 	aktiv
	 	 	05.02.1999	 	 	 	27.12.2000	 	 	 	19.06.2002	 	 	 	99 904 865.5	 	 	 	1 062 158	 	 	 	1 062 158	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841AT

	 	AT
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.04.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841CH

	 	CH
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.01.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841DE

	 	DE
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.04.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841EP

	 	EP
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.04.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841GB

	 	GB
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.04.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841IT

	 	IT
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	08.04.1998	 	 	 	14.08.2002	 	 	 	96 919 375.4	 	 	 	0 833 740	 	 	 	0 833 740	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	97841JP

	 	JP
	 	Laser processing of discrete sheets of material
	 	erteilt
	 	aktiv
	 	 	11.06.1996	 	 	 	06.07.1999	 	 	 	24.08.2007	 	 	 	9-503281	 	 	 	11-507608	 	 	 	4001244	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345AT

	 	AT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie eine Vorrichtung zur Durchführung
eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	 	1 198 340	 	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345ATI

	 	AT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen
sowie eine Vorrichtung zur Durchführung eines soldien Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	 	1 352 733	 	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345BE

	 	BE
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen
sowie eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 3253	 	 	 	1 198 340	 	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345BE1

	 	BE
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie eine Vorrichtung zur Durchführung
eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	 	1 352 733	 	 	 	1 352 733	 

- 29 -

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	980345 CH

	 	CH
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345CH1

	 	CH
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345 CN

	 	CN
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	25.09.2002	 	 	 	01.12.2004	 	 	 	00812294.6	 	 	CN 1371318A
	 	ZL00812294.6
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345DE

	 	DE
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345DE1

	 	DE
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345DK

	 	DK
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345DKI

	 	DK
	 	Verfahren zum Verschließen des
Bodens von
Verbundpackungen
sowie eine Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345EP

	 	EP
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345EP1

	 	EP
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345ES

	 	ES
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345ES1

	 	ES
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345FI

	 	FI
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345FR

	 	FR
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345FR1

	 	FR
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345GB

	 	GB
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	1 198 340
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345 GB1

	 	GB
	 	Verfahren zum
Verschließen des
Bodens von
Verbundpackungen
sowie eine
Vorrichtung zur
Durchführung eines
solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	1 352 733

- 30 -

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	980345GR

	 	GR
	 	Verfahren zum Veischließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345GR1

	 	GR
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345HK

	 	HK
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	28.03.2003	 	 	 	06.05.2005	 	 	 	03100577.8	 	 	1048282A
	 	HK 1048282

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345IT

	 	IT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eies solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345IT1

	 	IT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345NL

	 	NL
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345NL1

	 	NL
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345PT

	 	PT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345PT1

	 	PT
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345SE

	 	SE
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	24.04.2002	 	 	 	31.03.2004	 	 	 	00 958 325.3	 	 	1 198 340
	 	 	1 198 340	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	980345SE1

	 	SE
	 	Verfahren zum Verschließen des Bodens von Verbundpackungen sowie
eine Vorrichtung zur Durchführung eines solchen Verfahrens
	 	erteilt
	 	aktiv
	 	 	28.07.2000	 	 	 	15.10.2003	 	 	 	29.09.2004	 	 	 	03 004 407.7	 	 	1 352 733
	 	 	1 352 733	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	981149DE

	 	DE
	 	Verfahren und Vorrichtung zum Herstellen von rohrförmigen Hohlkörpem
	 	erteilt
	 	aktiv
	 	 	23.03.1998	 	 	 	21.06.2000	 	 	 	15.01.2003	 	 	 	98 920 481.3	 	 	1 009 627
	 	 	1 009 627	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	981149EP

	 	EP
	 	Verfahren und Vorrichtung zum Herstellen von rohrförmigen Hohlkörpem
	 	erteilt
	 	aktiv
	 	 	23.03.1998	 	 	 	21.06.2000	 	 	 	15.01.2003	 	 	 	98 920 481.3	 	 	1 009 627
	 	 	1 009 627	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	981149US

	 	US
	 	Verfahren und Vorrichtung zum Herstellen von rohrförmigen Hohlkörpem
	 	erteilt
	 	aktiv
	 	 	23.03.1998	 	 	 	 	 	 	 	04.02.2003	 	 	 	09/381,417	 	 	 	 	 	6,514,185	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983AR

	 	AR
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	28.09.2000	 	 	 	 	 	 	 	31.10.2006	 	 		P000105110	 	 	 	 	AR025889B1

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983AT

	 	AT
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	26.06.2002	 	 	 	20.08.2003	 	 	 	00 969 352.4	 	 	1 216 192
	 	 	1 216 192	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983AU

	 	AU
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	 	 	 	 	24.07.2003	 	 	 	79105/00	 	 	 	 	 	763429	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983BE

	 	BE
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	26.06.2002	 	 	 	20.08.2003	 	 	 	00 969 352.4	 	 	1 216 192
	 	 	1 216 192	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983CA

	 	CA
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	 	 	 	 	20.02.2007	 	 	 	2,390.816	 	 	 	 	 	2 390,816	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983CH

	 	CH
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	26.06.2002	 	 	 	20.08.2003	 	 	 	00 969 352.4	 	 	1 216 192
	 	 	1 216 192	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983CL

	 	CL
	 	Behälter
	 	eingereicht
	 	aktiv
	 	 	29.09.2000	 	 	 	 	 	 	 	 	 	 	 	2690-2000	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	990983CZ

	 	CZ
	 	Behälter
	 	erteilt
	 	aktiv
	 	 	29.09.2000	 	 	 	15.01.2003	 	 	 	09.02.2005	 	 	PV 2002-1491
	 	 	 	 	294 925	 

- 31 -

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	990983DE	 	DE	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983DK	 	DK	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983EP	 	EP	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00  969 352.4	 	1 216 192	 	1 216 192
	990983ES	 	ES	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983FR	 	FR	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983GB	 	GB	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00  969 352.4	 	1 216 192	 	1 216 192
	990983GR	 	GR	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983HU	 	HU	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	28.01.2003	 	11.10.2004	 	P0203146	 	 	 	223 673
	990983IL	 	IL	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	20.02 2005	 	21.05.2005	 	150111	 	 	 	150111
	990983IT	 	IT	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983JP	 	JP	 	Behälter
	 	eingereicht	 	aktiv	 	29.09.2000	 	 	 	 	 	 	 	 	 	 
	990983KR	 	KR	 	Behälter
	 	eingereicht	 	aktiv	 	29.09. 2000	 	 	 	 	 	 	 	 	 	 
	990983MX	 	MX	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	17.03.2006	 	PA/a/2002/004242	 	 	 	235015
	990983NL	 	NL	 	Behälter
	 	erteilt	 	aktiv.	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983NO	 	NO	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	06.04.2009	 	20022796	 	 	 	327018
	990983PL	 	PL	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	13.10.2008	 	P-355 751	 	 	 	201847
	990983PT	 	PT	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983RU	 	RU	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	10.12.2004	 	2002111559	 	 	 	2241648
	990983SA	 	SA	 	Behälter
	 	erteilt	 	aktiv	 	18.02.2001	 	 	 	29.10.2006	 	01210729	 	 	 	1464
	990983SE	 	SE	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	26.06.2002	 	20.08.2003	 	00 969 352.4	 	1 216 192	 	1 216 192
	990983TH	 	TH	 	Behälter
	 	erteilt	 	aktiv	 	26.09.2000	 	25.12.2001	 	06.09.2007	 	060657	 	48820	 	22501
	990983TR	 	TR	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	23.09.2002	 	2002/01160	 	 	 	TR 2002 01160 B
	990983TW	 	TW	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	01.04.2002	 	89120263	 	 	 	146123
	990983US	 	US	 	Behälter
	 	erteilt	 	aktiv	 	29.09.2000	 	 	 	16.08.2005	 	10/129,898	 	 	 	6.929.171
	990983WO	 	WO	 	Behälter
	 	eingereicht	 	aktiv	 	29.09.2000	 	05.04.2001	 	 	 	PCT/EP00/09571	 	WO 01/23260	 	 

 

SCHEDULE 3

LIST OF REGISTERED DESIGNS

	 	 	 	 	 
	 	 	Registration - No	 	 
	 	 	(or Application-No. where the	 	 
	Registered Design or	 	Design has not yet been	 	 
	Design Application	 	granted)	 	Brief Description
	 

	 	 
	 	 

Currently none.

- 33 -

 

     

SCHEDULE 4

LIST OF TRADEMARKS

Trademarks SIG Combibloc Systems GmbH

22.10.2009

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AZ C&F	 	Land	 	Title	 	Sachstatus	 	Aktenstatus	 	Anm.-Tag	 	Veröffentl.- Tag	 	Eintr./Lit.- Tag	 	Anm.- Nr.	 	Veröflentl.- Nr.	 	Eintr./ Ert- Nr.
	000425
	 	DE	 	COMBIFIT	 	eingetragen	 	aktiv	 	05.10.2000	 	 	 	19.06.2001	 	300 73 259.7	 	 	 	 300 73 259
	000425AE-16
	 	AE	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.02.2001	 	30.09.2001	 	07.05.2002	 	40938	 	 	 	 31823
	000425AE-20
	 	AE	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.02.2001	 	30.09.2001	 	15.05.2002	 	40939	 	 	 	 31880
	000425AR-16
	 	AR	 	COMBIFIT	 	eingetragen	 	aktiv	 	05.10.2000	 	02.05.2001	 	08.05.2002	 	2310386	 	 	 	 1870511
	000425AR-20
	 	AR	 	COMBIFIT	 	eingetragen	 	aktiv	 	05.10.2000	 	02.05.2001	 	08.05.2002	 	2310387	 	 	 	 1870512
	000425AU
	 	AU	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	 	 	08.08.2001	 	852744	 	 	 	 852744
	000425BR-16
	 	BR	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	12.12.2000	 	15.05.2007	 	823207668	 	 	 	 823207668
	000425BR-20
	 	BR	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	12.12.2000	 	15.05.2007	 	823207714	 	 	 	 823207714
	000425CL-16
	 	CL	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	 	 	02.05.2001	 	503797	 	 	 	 595261
	000425CL-20
	 	CL	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	 	 	18.07.2001	 	503798	 	 	 	 599844
	000425EU
	 	EU	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.04.2000	 	15.01.2001	 	08.06.2001	 	001595487	 	 	 	 001595487
	000425IL-16
	 	IL	 	COMBIFIT	 	eingetragen	 	aktiv	 	05.10.2000	 	 	 	05.09.2001	 	142,627	 	 	 	 142,627
	000425IL-20
	 	IL	 	COMBIFIT	 	eingetragen	 	aktiv	 	05.10.2000	 	 	 	05.09.2001	 	142,628	 	 	 	 142,628
	000425KR
	 	KR	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	20.03.2002	 	17.06.2002	 	40-2000-0046637	 	 	 	 523060
	000425KV
	 	KV	 	COMBIFIT	 	eingereicht	 	aktiv	 	19.06.2001	 	 	 	 	 	3766	 	 	 	 
	000425MX-16
	 	MX	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	 	 	31.01.2001	 	451,793	 	 	 	 686126
	000425MX-20
	 	MX	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	 	 	31.07.2001	 	451,792	 	 	 	 709590
	000425SA-16
	 	SA	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.01.2001	 	15.02.2002	 	05.06.2002	 	68864	 	 	 	 628/85
	000425SA-20
	 	SA	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.01.2001	 	 	 	14.10.2002	 	68865	 	 	 	 651/26
	000425TH-16
	 	TH	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	28.05.2001	 	06.10.2001	 	434792	 	 	 	 Korl44823
	000425TH-20
	 	TH	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	04.01.2002	 	06.10.2000	 	434793	 	 	 	 Korl57828
	000425TW-16
	 	TW	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	16.06.2002	 	16.08.2002	 	(89)058217	 	 	 	 1011577
	000425TW-20
	 	TW	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	16.01.2002	 	16.04.2002	 	(89)058218	 	 	 	 995070
	000425US
	 	US	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	25.09.2001	 	26.08.2003	 	78/029,499	 	 	 	 2,756,020
	000425WO
	 	WO	 	COMBIFIT	 	eingetragen	 	aktiv	 	19.06.2001	 	 	 	19.06.2001	 	762 346	 	 	 	 762 346
	000425ZA-16
	 	ZA	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	31.03.2004	 	06.10.2000	 	2000/19902	 	 	 	 2000/19902
	000425ZA-20
	 	ZA	 	COMBIFIT	 	eingetragen	 	aktiv	 	06.10.2000	 	31.03.2004	 	06.10 2000	 	2000/19903	 	 	 	 2000/19903

- 34 -

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	AZ C&F	 	Land	 	Title	 	Sachstatus	 	Aktenstatus	 	Anm.-Tag	 	Veröffentl.- Tag	 	Eintr./Ert.- Tag	 	Anm.- Nr.	 	Veröflentl.- Nr.	 	Eintr./ Ert- Nr.
	51437AR-07
	 	AR	 	combibloc	 	eingetragen	 	aktiv	 	06.12.2002	 	16.07.2001	 	03.10.2003	 	2.402.459	 	 	 	 1953757
	51437AR-16
	 	AR	 	combibloc	 	eingetragen	 	aktiv	 	06.12.2002	 	16.07.2003	 	03.10.2003	 	2.402.460	 	 	 	 1953755
	53380AR
	 	AR	 	combiTop	 	eingetragen	 	aktiv	 	06.12.2002	 	16.07.2003	 	07.02.2006	 	2.402.461	 	 	 	  2402461
	53380SG-A
	 	SG	 	combiTop	 	eingetragen	 	aktiv	 	02.08.1995	 	 	 	02.08.1995	 	7093/95	 	 	 	 T95/07093F
	53380TWA
	 	TW	 	combiTop	 	eingetragen	 	aktiv	 	07.02.1995	 	01.12.1995	 	01.03.1996	 	84004913	 	 	 	 709004
	95427ID
	 	ID	 	combiTop-logo	 	eingetragen	 	aktiv	 	14.11.2005	 	 	 	18.07.2007	 	 D00-2005 024850	 	 	 	 IDM000129012
	990425IL
	 	IL	 	combiLift	 	eingetragen	 	aktiv	 	30.06.2000	 	29.06.2001	 	12.10.2001	 	139449	 	 	 	 139449
	990425KR
	 	KR	 	combiLift	 	eingetragen	 	aktiv	 	21.08.2000	 	 	 	24.05.2002	 	40-2000-0040124	 	 	 	 521415
	990425SG
	 	SG	 	combiLift	 	eingetragen	 	aktiv	 	05.07.2000	 	 	 	21.02.2000	 	 T00/11566Z	 	 	 	 T00/11566Z
	990425ZA
	 	ZA	 	combiLift	 	eingetragen	 	aktiv	 	21.06.2000	 	29.10.2003	 	21.02.2000	 	2000/12587	 	 	 	  2000/12587

- 35 -

 

SCHEDULE 5

LIST OF UTILITY MODELS

	 	 	 	 	 
	 	 	Registration —No.		 
	 	 	(or Application-No. where	 	 
	Utility Model or	 	the Utility Model has not	 	 
	Utility Model Application	 	yet been granted)	 	Brief Description
	
	 	 	 	 

Currently none.

- 36 -

 

SCHEDULE 6

ÜBERTRAGUNGSERKLÄRUNG

(DECLARATION OF ASSIGNMENT)

Die unterzeichnende Firma

The undersigning company

SIG Combibloc Systems GmbH

überträgt hiermit mit allen Rechten und Pflichten die in den Anlagen hierzu aufgelisteten
[Patente/Gebrauchsmuster/Marken/Geschmacksmuster] (sowie der Anmeldungen) (die “Schutzrechte”)

herewith assigns and transfers with all rights and duties relating to the [patents/utility
models/trademarks/design rights] (including any applications) listed in the schedules hereto (the
“IP Rights”)

auf/to

The Bank of New York Mellon

101 Barclay Street, 4E

New York, N.Y. 10286

The United States of America

und erklärt sich gleichzeitig mit der Umschreibung der Schutzrechte auf die Erwerberin
einverstanden.

and agrees that the assignment of the IP Rights is recorded in the [Patent/Trademark] Office.

Ort/Datum:_____________________

Place/Date:_____________________

Unterschrift/Signature:_____________________

Anhang (Liste der Patente und Marken nebst Anmeldungen)

- 37 -

 

SCHEDULE 7

FORM OF NOTICE FOR A DISCLOSED ASSIGNMENT

[To be printed off on letterhead of the Transferor]

[Name and address of debtor]

	 	 	 	 	 

	
[insert date and place]	 	[Datum und Ort einfügen]
	 
	 	 	 	 
	Dear Sirs,	 	Sehr geehrte Damen und Herren,
	 
	 	 	 	 
	We hereby give you notice that
pursuant to a transfer and
assignment agreement releating to
intellectual property rights
entered into by us in favour of
[insert name and address of the
Collateral Agent] (the “Collateral
Agent”) dated [insert date of the
transfer and assignment agreement],
we have assigned to the Collateral
Agent all our present and future
receivables against you together
with all ancillary rights
pertaining to them arising under
the [describe licence agreement]
including those set out in Annex 1
hereto. We are authorised by the
Collateral Agent to collect the
assigned receivables in our own
name and for our own account and to
exercise any rights and claims
unless you receive a notification
from the Collateral Agent to the
contrary. Please see attached as
Annex 2 a copy of the transfer and
assignment agreement relating to
intellectual property rights.	 	Wir teilen Ihnen hierdurch mit, dass
wir mit Sicherungsübereignungs- und
abtretungsvertrag bezüglich
gewerblicher Schutzrechte vom [Datum
des Sicherungsübereignungs- und
abtretungsvertrages einfügen]
sämtliche bestehenden und künftigen
Forderungen mit allen dazugehörenden
Rechten gegen Sie aus [Beschreibung
Lizenzvertrag] an [Name und Adresse
des Sicherheitentreuhänders
einfügen] (der
“Sicherheitentreuhänder”) abgetreten
haben, einschließlich der in Anlage
1 genannten. Wir sind vom
Sicherheitentreuhänder ermächtigt,
alle Zahlungen betreffend die
abgetretenen Forderungen im eigenen
Namen und für eigene Rechnung
einzuziehen und entgegenzunehmen und
unsere Rechte, wenn und soweit Sie
keine anderslautende Mitteilung des
Sicherheitentreuhänders erhalten.
Als Anlage 2 erhalten Sie eine Kopie
des Sicherungsübereignungs- und
abtretungsvertrages bezüglich
gewerblicher Schutzrechte.
	 
	 	 	 	 
	Please acknowledge receipt of this
notice and your agreement with the
terms hereof by counter-signing
this letter and returning the same
to us.	 	Bitte bestätigen Sie den Erhalt
dieser Benachrichtigung und Ihr
Einverständnis mit den hierin
enthaltenen Bestimmungen durch
Gegenzeichnung dieser
Benachrichtigung und Rücksendung an
uns.
	 
	 	 	 	 
	Yours faithfully,	 	Mit freundlichen Grüßen
	 
	 	 	 	 
	[insert full name of the Transferor]	 	[Namen des Sicherungsgebers einfügen]
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	Name:
	 	Name:
	 

	 	Title:
	 	Titel:
	 
	 	 	 	 
	Acknowledgement of the debtor	 	Bestätigung des Drittschuldners
	 
	 	 	 	 
	We acknowledge receipt of this
notification letter	 	Wir bestätigen den Erhalt der Benachrichtigung

- 38 -

 

	 	 	 	 	 

	and confirm our
agreement with the terms thereof.	 	und erklären unser
Einverständnis mit den darin
enthaltenen Bestimmungen.
	 
	 	 	 	 
	[insert full name of the debtor]	 	[den vollständigen Namen des

Drittschuldners einfügen]
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	Name:
	 	Name:
	 

	 	Title:
	 	Titel:
	 

	 	Date:
	 	Datum:

- 39 -

 

Annex 1 / Anlage 1

Details of assigned receivables / Einzelheiten der abgetretenen Forderungen

- 40 -

 

Annex 2 / Anlage 2

Copy of the transfer and assignment agreement / Kopie des Sicherungsübereignungs- und Abtretungsvertrags

- 41 -

 

SCHEDULE 8

FORM OF BLANK NOTIFICATION LETTERS

[To be printed off on letterhead of the Transferor]

[Name and address of debtor to be completed by the

Collateral Agent

Leave this space blank]

	 	 	 	 	 

	
[insert date and place]	 	[Datum und Ort einfügen]
	 
	 	 	 	 
	Dear Sirs,	 	Sehr geehrte Damen und Herren,
	 
	 	 	 	 
	We hereby give you notice that
pursuant to a transfer and
assignment agreement relating to
intellectual property rights
entered into by us in favour of
[insert name and address of the
Collateral Agent] (the “Collateral
Agent”) dated [insert date of the
assignment agreement], we have
assigned by way of a transfer and
assignment agreement
(Sicherungsübereignungs- und
Abtretungsvertrag) to the
Collateral Agent all our present
and future receivables against you
arising under [describe licence
agreement] together with all
ancillary rights pertaining to them
including those set out in Annex 1
hereto. The Collateral Agent is
solely authorised to collect and
deal with the assigned receivables,
and all payments with respect to
the assigned receivables have to be
made to the Collateral Agent.
Please do not make any further
payments into our accounts. Please
find attached as Annex 2 hereto a
copy of the assignment agreement.	 	Wir teilen Ihnen hierdurch mit, dass
wir mit Abtretungsvertrag bezüglich
gewerblicher Schutzrechte vom [Datum
des Sicherungsübereignungs- und
Abtretungsvertrag einfügen]
sämtliche bestehenden und künftigen
Forderungen mit allen dazugehörenden
Rechten gegen Sie aus dem
[Beschreibung des Lizenzvertrags] an
[Name und Adresse des
Sicherheitentreuhänder einfügen]
(der “Sicherheitentreuhänder”)
abgetreten haben, einschließlich der
in Anlage 1 genannten. Der
Sicherheitentreuhänder allein ist
berechtigt, über die Forderungen zu
verfügen und Zahlungen
entgegenzunehmen. Bitte leisten Sie
keine weiteren Zahlungen an uns. Als
Anlage 2 erhalten Sie eine Kopie des
Abtretungsvertrages.
	 
	 	 	 	 
	Yours faithfully,	 	Mit freundlichen Grüßen
	 
	 	 	 	 
	[insert full name of the Transferor]	 	[Namen des Sicherungsgebers einfügen]
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	Name:
	 	Name:
	 

	 	Title:
	 	Titel:

- 42 -

 

Annex 1 / Anlage 1

Details of assigned receivables / Einzelheiten der abgetretenen Forderungen

- 43 -

 

Annex 2 / Anlage 2

Copy of the transfer and assignment agreement / Kopie des
Sicherungsübereignungs- und Abtretungsvertrags

- 44 -

 

SCHEDULE 9

LIST OF LICENCE AGREEMENTS

- 45 -

 

SIGNATURE PAGE

This SECURITY TRANSFER AND ASSIGNMENT AGREEMENT has been entered into on the date stated at the
beginning by:

	 	 	 	 	 	 	 

	 
	SIG COMBIBLOC SYSTEMS GMBH	 	 	 	 
	 
	as Transferor	 	 	 	 
	 
	By: 	 Philip West	 	By: 	                 Mark Dunkley
	 	Name: 	 PHILIP WEST	 	 	Name: 	 MARK DUNKLEY
	 	Title:	 AUTHORISED SIGNATORY	 	 	Title:	 AUTHORISED SIGNATORY
	 
	THE BANK OF NEW YORK MELLON 
as Collateral Agent	 	 	 	 
	 
	By: 	 Michael Lee	 	By: 	 
	 	Name: 	 MICHAEL LEE	 	 	Name: 	 
	 	Title:	 SENIOR ASSOCIATE	 	 	Title:	 
	 
	Acknowledged and agreed	 	 	 	 
	 
	SIG TECHNOLOGY AG	 	 	 	 
	 
	By: 	 Philip West	 	By: 	      Mark Dunkley
	 	Name: 	PHILIP WEST	 	 	Name: 	 MARK DUNKLEY
	 	Title:	AUTHORISED SIGNATORY	 	 	Title:	 AUTHORISED SIGNATORY
	 
	SIG FINANZ AG	 	 	 	 
	 
	By: 	 Philip West	 	By: 	      Mark Dunkley
	 	Name: 	PHILIP WEST	 	 	Name: 	 MARK DUNKLEY
	 	Title:	 AUTHORISED SIGNATORY	 	 	Title:	 AUTHORISED SIGNATORY

- 46 -exv4w51

EXHIBIT 4.51

	 	 	 

	 

	 	 

 
	 
	 

	 	 

SIG COMBIBLOC SYSTEMS GMBH

as Pledgor

THE BANK OF NEW YORK MELLON

as Collateral Agent and Pledgee

THE INSTITUTIONS NAMED HEREIN

as Pledgees

 

SHARE PLEDGE AGREEMENT RELATING TO THE SHARES IN

SIG COMBIBLOC ZERSPANUNGSTECHNIK GMBH

(Geschäftsanteilsverpfändung)

 

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 Credit
Document (as defined in Clause 1 of this 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 Credit 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 Credit 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 Credit Document to an Austrian addressee.

 

 

Contents

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions and Language
	 	 	5	 
	2. Pledged Shares
	 	 	9	 
	3. Pledge
	 	 	10	 
	4. Scope of the Pledges
	 	 	11	 
	5. Purpose of the Pledges
	 	 	12	 
	6. Exercise of Membership Rights
	 	 	12	 
	7. Enforcement of the Pledges
	 	 	12	 
	8. Limitations on Enforcement
	 	 	14	 
	9. Approval and Confirmation
	 	 	17	 
	10. Undertakings of the Pledgor
	 	 	17	 
	11. Delegation
	 	 	18	 
	12. Indemnity
	 	 	18	 
	13. No Liability
	 	 	19	 
	14. Duration and Independence
	 	 	19	 
	15. Release of Pledge (Pfandfreigabe)
	 	 	20	 
	16. Partial Invalidity; Waiver
	 	 	20	 
	17. Amendments
	 	 	21	 
	18. Notices and their Language
	 	 	21	 
	19. Notification
	 	 	23	 
	20. Applicable Law, Jurisdiction
	 	 	23	 
	Schedule 1 List of Financial Institutions, Original Borrowers and Original Guarantors
	 	 	24	 
	Part 1 List of Financial Institutions
	 	 	24	 
	Part 2 List of Original Borrowers
	 	 	25	 
	Part 3 List of Original Guarantors
	 	 	26	 
	Part 4 List of Original Senior Secured Note Guarantors
	 	 	28	 
	Schedule 2 Copy of Shareholders List (Gesellschafterliste)
	 	 	30	 

- 1 -

 

Deed Register No.    /   .

Notary certificates

R e c o r d e d

in [place of recording] on [date of recording]

Before me, the undersigning Notary in the district of the Higher Regional Court (Oberlandesgericht)
of [place of Higher Regional Court]

[Name of Notary Public]

with my
official place of business in [•]

appeared today:

	1.	 	[christian name and last name of representative], whose business address is [complete
business address], [and who identified [himself/herself] by presenting [his/her] [identity
card/passport] with the number [•]]/[and who is personally known to the notary].

	2.	 	[christian name and last name of representative], whose business address is [complete
business address], [and who identified [himself/herself] by presenting [his/her] [identity
card/passport] with the number [•]]/[and who is personally known to the notary].

The person appearing to 1. declared to make the following declarations not in [his/her] own name
but, excluding any personal liability, for and on behalf of

	 	 	SIG Combibloc Systems GmbH, having its business address at Rurstraße 58, 52441 Linnich,
Germany,

	 	 	presenting [an original power of attorney dated
[•]]/[a fax copy of the power of
attorney dated [•] promising to furnish the original as soon as possible]; and

	 	 	SIG Combibloc Zerspanungstechnik GmbH, a having its business address at Walkmühlenstraße
4-10, 53074 Aachen, Germany,

	 	 	presenting [an original power of attorney dated [•]]/[a fax copy of the power of attorney
dated [•] promising to furnish the original as soon as possible].

The person appearing to 2. declared to make the following declarations not in [his/her] own name
but, excluding any personal liability, for and on behalf of

- 2 -

 

	 	 	The Bank of New York Mellon, having its business address at 1 Wall Street, New York, N.Y.
10286, The United States of America,

	 	 	presenting [an original power of attorney dated
[•]]/[a fax copy of the power of
attorney dated [•] promising to furnish the original as soon as possible]; and

	 	 	[the institutions listed in Schedule 1 Part 1],

	 	 	presenting [the aforementioned [original]/[fax copy of the] power of attorney dated [•] as
substitute power of attorney (Untervollmacht) in connection with [an original]/[a fax] copy
of the power of attorney granted to The Bank of New York Mellon by the institutions listed
in Schedule 1 hereto in a first lien intercreditor agreement dated [•] [promising to furnish
the original as soon as possible]].]

Neither the Notary nor the proxies assume any liability as to the validity and/or the scope of the
powers of attorney presented.

The aforementioned original powers of attorney will be attached to this deed in copies which are
herewith certified.

The Notary convinced himself that the persons appearing are in adequate command of the English
language and declared that he is in command of the English language as well.

The persons appearing stated that the parties represented by them requested that this instrument be
recorded in the English language.

On being asked whether there had been any prior involvement by the Notary in terms of Section 3
para 1 no 7 of the German Notarisation Act (Beurkundungsgesetz) the provisions of which had been
explained by the Notary, the persons appearing said that there had been no such prior involvement.

Requesting its notarisation, the persons appearing then declared the following:

- 3 -

 

This SHARE PLEDGE AGREEMENT (the “Agreement”) is made on 5 November 2009

BETWEEN:

	(1)	 	SIG Combibloc Systems GmbH, a limited liability company (Gesellschaft mit beschränkter
Haftung) organised under the laws of the Federal Republic of Germany, having its business
address at Rurstraße 58, 52441 Linnich, Germany, which is registered in the commercial
register (Handelsregister) of the local court (Amtsgericht) of Düren under HRB 3935 (the
“Pledgor”);

	(2)	 	SIG Combibloc Zerspanungstechnik GmbH, a limited liability company (Gesellschaft mit
beschränkter Haftung) organised under the laws of the Federal Republic of Germany having its
corporate seat in Aachen, Germany and its business address at Walkmühlenstraße 4-10, 53074
Aachen, Germany, which is registered in the commercial register (Handelsregister) of the local
court (Amtsgericht) of Aachen under HRB 3814 (the “Company);

	(3)	 	The Bank of New York Mellon, having its business address at 1 Wall Street, New York, N.Y.
10286, The United States of America in its capacity as collateral agent under the First Lien
Intercreditor Agreement (as defined below) (the “Collateral Agent”); and

	(4)	 	the institutions, listed in Part 1 of Schedule 1 (List of financial institutions) hereto in
their capacity as lenders, issuing banks, hedge counterparties, administrative agent, local
facility providers, cash management banks under the Credit Agreement (as defined below) and
indenture trustee under the Senior Secured Note Indenture (as defined below);

(the institutions named in 3 and 4 are hereinafter referred to as the “Original Pledgees”).

WHEREAS:

	(A)	 	Pursuant to a USD 1,155,000,000 and EUR 330,000,000 multi-currency term and revolving credit
agreement dated on or about 5 November 2009 between, inter alia, the parties listed in Part 2
of Schedule 1 hereto as original borrowers (the “Original Borrowers”), the parties listed in
Part 3 of Schedule 1 hereto as original guarantors (the “Original Guarantors”), Credit Suisse
Cayman Island branch as administrative agent and The Bank of New York Mellon as collateral
agent and others (as amended, varied, novated, supplemented, superseded or extended from time
to time, the “Credit Agreement”), certain lenders (together the “Original Lenders”) have
agreed to grant certain facilities to the Original Borrowers and certain other entities which
may accede to the Credit Agreement as additional borrowers.

	(B)	 	Pursuant to a senior secured note indenture dated on or about 5 November 2009 between, inter
alia, Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., and Reynolds Group Issuer
(Luxembourg) S.A as issuers (the “Issuers”), certain affiliates of the Issuers listed in Part
4 of Schedule 1 as original senior secured note guarantors (the “Original Senior Secured Note
Guarantors”) and The Bank of New York

- 4 -

 

	 	 	Mellon, as indenture trustee, principal paying agent, transfer agent and registrar, (as
amended, varied, novated, supplemented, superseded or extended from time to time, the
“Senior Secured Note Indenture”), the Issuers will issue senior secured notes due 2016 in
the aggregate principal amount of USD 1,125,000,000 (the “US Secured Notes”) and senior
secured notes due 2016 in the aggregate principal amount of EUR 450,000,000 (the “Euro
Secured Notes” and together with the US Secured Notes the “Senior Secured Notes”) to certain
noteholders.

	(C)	 	The Pledgor has agreed to grant a pledge over its Shares (as defined below) in the Company
(as defined below) as security for the Pledgees’ (as defined below) respective claims against
the Grantors (as defined below) (or any of them) in respect of the Obligations (as defined
below).

	(D)	 	The security created by or pursuant to this Agreement is to be administered by the Collateral
Agent for the Pledgees (as defined below) pursuant to a first lien intercreditor agreement
dated on or about 5 November 2009 between, inter alia, the Collateral Agent, the Indenture
Trustee, the Administrative Agent and the Grantors (each as defined below) and others (as
amended, varied, novated, supplemented, superseded or extended from time to time, the “First
Lien Intercreditor Agreement”).

	(E)	 	The Pledgor has granted security interests over the Shares (as defined below) to Credit
Suisse and others pursuant to existing security documents entered into in connection with
certain existing financing arrangements with Credit Suisse and others (the “Existing
Security”). The Existing Security will be released on or about the date hereof in accordance
with the terms of a release agreement between the Pledgor, Credit Suisse and others.

NOW, IT IS AGREED as follows:

	1.	 	DEFINITIONS AND LANGUAGE

	1.1	 	In this Agreement:

	 	 	“Administrative Agent” means Credit Suisse Cayman Island branch, having its business address
at One Madison Avenue, New York, NY 10010, United States of America in its capacity as
administrative agent under the Credit Agreement and any successor appointed as
administrative agent under the Credit Agreement.

	 	 	“Borrowers” means the Original Borrowers and any entity which may accede to the Credit
Agreement as an additional borrower and “Borrower” means any of them.

	 	 	“Cash Management Bank” shall mean Citibank NA, Banco Nacional De Mexico S.A., Citibank
International PLC, UK, Citibank (China) Co., Limited, Citibank Global Markets Deutschland AG
& Co KGaA, Citibank ZRT, Hungary, a Lender, the Administrative Agent or any of the Lender’s
or the Administrative Agent’s affiliates

- 5 -

 

	 	 	(at the time the cash management services arrangement is entered into) provided in each case
it has become a party to, or by execution of an additional bank secured party acknowledgment
has agreed to be bound by the terms of, the First Lien Intercreditor Agreement in its
capacity as cash management bank.

	 	 	“Cash Management Services” shall mean any agreement or arrangement by a Cash Management
Bank to provide any composite accounting or other cash pooling arrangements and netting,
overdraft protection and other arrangements with any bank arising under standard business
terms of such Cash Management Bank to a Grantor.

	 	 	“Credit Documents” shall mean the Loan Documents and the Senior Secured Note Documents.

	 	 	“Enforcement Event” shall mean an Event of Default.

	 	 	“Event of Default” means any event of default (Kündigungsgrund) under the Credit
Agreement and/or the Senior Secured Note Indenture.

	 	 	“Existing Intercreditor Agreement” means the existing intercreditor agreement dated 11
May 2007 (as amended by a letter dated 21 June 2007 and a further letter dated 29 June 2007
and as amended and restated on or about the date hereof) between, inter alia, Beverage
Packaging Holdings (Luxembourg) I S.A., Rank Group Holdings Limited (now Reynolds Group
Holdings Limited), Beverage Packaging Holdings (Luxembourg) II S.A., Beverage Packaging
Holdings (Luxembourg) III S.à r.l., Credit Suisse as security trustee and others.

	 	 	“Existing Shares” has the meaning given to such term in sub-Clause 2.1 hereof.

	 	 	“Future Pledgee” means any entity which may become a pledgee hereunder by way of (i)
transfer of the Pledges by operation of law following the transfer or assignment (including
by way of novation or assumption (Vertragsübernahme)) of any part of the Obligations from
any Original Pledgee or Future Pledgee to such future pledgee and/or (ii) accession to this
Agreement pursuant to sub-Clause 3.3 hereof as pledgee.

	 	 	“Future Shares” means all additional shares in the capital of the Company (irrespective
of their nominal value) which the Pledgor may acquire in the future in the event of a share
transfer, a share split, a share combination, an increase of the capital of the Company
(including by way of authorised capital (genehmigtes Kapital)) or otherwise.

	 	 	“Grantors” means the Loan Parties, the Issuers and the Senior Secured Note Guarantors and
any person that has granted a security interest to the Collateral Agent and/or the Secured
Parties in respect of the obligations of the Loan Parties, the Issuers and the Senior
Secured Note Guarantors under the Credit Documents and “Grantor” means any of them.

	 	 	“Group” means Reynolds Group Holdings Limited and its direct or indirect subsidiaries
(Tochtergesellschaften).

- 6 -

 

	 	 	“Hedge Counterparty” means a Lender, the Administrative Agent or any of the Lender’s or
the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who
has entered into a hedging agreement for the purpose of hedging interest rate liabilities
and/or any exchange rate and/or commodity price risks provided it has become a party, or by
execution of an additional bank secured party acknowledgment has agreed to be bound by the
terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

	 	 	“Incremental Assumption Agreement” shall mean an incremental assumption agreement
relating to incremental facilities of up to USD 400,000,000 among, and in form and substance
reasonably satisfactory to, one or more Borrowers, the Administrative Agent, one or more
Incremental Term Lenders and/or one or more Incremental Revolving Credit Lenders pursuant to
which one or more Incremental Term Lenders make available Incremental Term Loan Commitments
and/or one or more Incremental Revolving Credit Lenders make available Incremental Revolving
Credit Commitments respectively.

	 	 	“Incremental Revolving Credit Lender” shall mean a Lender with an Incremental Revolving
Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class
as a result of an Incremental Revolving Credit Commitment.

	 	 	“Incremental Revolving Credit Commitment” shall mean the commitment of any Lender,
established pursuant to the Credit Agreement, to make available certain revolving credit
loans to one or more Borrowers.

	 	 	“Incremental Term Lender” shall mean a Lender with an Incremental Term Loan Commitment.

	 	 	“Incremental Term Loan Commitment” shall mean the commitment of any Lender, established
pursuant to the Credit Agreement, to make available certain term loans to one or more
Borrowers.

	 	 	“Indenture Trustee” shall mean The Bank of New York Mellon, in its capacity as
indenture trustee under the Senior Secured Note Indenture and any successor appointed as
indenture trustee under the Senior Secured Notes Indenture.

	 	 	“Intercreditor Arrangements” means the First Lien Intercreditor Agreement and the
Existing Intercreditor Agreement, in each case as amended, novated, supplemented, restated,
or modified from time to time.

	 	 	“Issuing Bank” means Credit Suisse or any other Lender or any affiliate of Credit Suisse or
any other Lender that issues letters of credit or bank guarantees under the Credit
Agreement.

	 	 	“Lenders” shall mean the Original Lenders and any entity which may become a lender
under the Credit Agreement in the future and “Lender” means any of them.

- 7 -

 

	 	 	“Loan Documents” shall mean the Credit Agreement, any borrowing subsidiary agreement and/or
guarantor joinder agreement relating to the Credit Agreement, any letter of credit or bank
guarantee relating to the Credit Agreement, any security documents relating to the Credit
Agreement, any hedging agreement entered into by a Hedge Counterparty and a Grantor, each
Incremental Assumption Agreement, the Intercreditor Arrangements, each Promissory Note, any
agreement between a Grantor and a Cash Management Bank relating to Cash Management Services,
each Local Facility Agreement and any other document that may be entered into pursuant to
any of the foregoing in relation to the Credit Agreement.

	 	 	“Loan Parties” shall mean the Borrowers, the Original Guarantors and any entity which may
accede to the Credit Agreement as additional guarantor and a “Loan Party” means any of them.

	 	 	“Local Facilities” means working capital facilities provided to a Grantor (other than
Beverage Packaging Holdings (Luxembourg) I S.A., Beverage Packaging Holdings (Luxembourg) II
S.A. Beverage Packaging Holdings (Luxembourg) III S.à.r.l. and the Borrowers) by a Local
Facility Provider and “Local Facility” means any of them.

	 	 	“Local Facility Agreements” shall mean any agreement under which a Local Facility is
made available.

	 	 	“Local Facility Provider” means HSBC Trinkaus & Burkhardt AG, Deutsche Bank AG,
Commerzbank Aktiengesellschaft, Bank of America, N.A., Hong Kong and Shanghai Banking
Corporation Ltd., Thailand, provided in each case it has become a party to, or by execution
of an additional bank secured party acknowledgment has agreed to be bound by the terms of,
the First Lien Intercreditor Agreement in its capacity as local facility provider.

	 	 	“Obligations” shall mean all present and future obligations and liabilities (whether
actual or contingent and whether owed jointly or severally or in any other capacity
whatsoever) of each Grantor to the Pledgees (or any of them) under each or any of the Credit
Documents (including, but not limited to, the Parallel Obligations), together with all
costs, charges and expenses incurred by any Pledgee in connection with the protection,
preservation or enforcement of its respective rights under the Credit Documents or any other
document evidencing or securing any such liabilities. The Obligations shall further include
any obligation based on unjust enrichment (ungerechtfertigte Bereicherung) or tort (Delikt).

	 	 	“Parallel Obligations” means the independent obligations of any of the Grantors arising
pursuant to the First Lien Intercreditor Agreement to pay to the Collateral Agent sums equal
to the sums owed by such Grantor to the other Secured Parties (or any of them) under the
Credit Documents.

	 	 	“Pledge” means each pledge constituted under this Agreement.

	 	 	“Pledgees” means the Original Pledgees and the Future Pledgees, and “Pledgee” means any
of them.

- 8 -

 

	 	 	“Principal Finance Documents” means the Credit Agreement, the Senior Secured Note
Indenture and the First Lien Intercreditor Agreement.

	 	 	“Promissory Note” shall mean any promissory note executed and delivered by a Borrower
upon the request of a Lender evidencing the amount of principal owed by such Borrower to
such Lender under the Credit Agreement.

	 	 	“Secured Parties” shall mean the Lenders (including in their capacity as issuing
bank(s), and/or Hedge Counterparties under the Credit Agreement), the Hedge Counterparties,
the Administrative Agent, any Issuing Bank, the beneficiaries of each indemnification
obligation undertaken by any Grantor under any Credit Document, the Senior Secured Note
Holders, the Indenture Trustee, the Collateral Agent, the Local Facility Providers and the
Cash Management Banks.

	 	 	“Senior Secured Note Documents” shall mean the Senior Secured Note Indenture, the
Senior Secured Note Guarantees, the Senior Secured Notes, the Intercreditor Arrangements,
any security document relating to the Senior Secured Notes and/or the Senior Secured Note
Indenture and any other document that may be entered into pursuant to any of the foregoing.

	 	 	“Senior Secured Note Guarantees” shall mean the guarantees of the obligations of the Issuers
under the Senior Secured Notes and the Senior Secured Note Indenture by the Senior Secured
Note Guarantors.

	 	 	“Senior Secured Note Guarantors” means the Original Senior Secured Note Guarantors and
any entity which may accede to the Senior Secured Note Indenture as additional guarantor.

	 	 	“Senior Secured Note Holders” shall mean the holders from time to time of the Senior
Secured Notes.

	 	 	“Shares” means the Existing Shares and the Future Shares.

	1.2	 	In this Agreement any reference in this Agreement to a “Clause” or a “sub-Clause” shall,
subject to any contrary indication, be construed as a reference to a Clause or sub-Clause
hereof.

	1.3	 	This Agreement is made in the English language. For the avoidance of doubt, the English
language version of this Agreement shall prevail over any translation of this Agreement.
However, where a German translation of a word or phrase appears in the text of this Agreement,
the German translation of such word or phrase shall prevail.

	2.	 	 PLEDGED SHARES

	2.1	 	The Company has a nominal share capital (Stammkapital) of EUR 256,000 (in words: Euro two
hundred fifty-six thousand) which consists of one share (the “Existing Shares”).

- 9 -

 

	2.2	 	The Pledgor is the owner of the Existing Shares and is registered as such in the shareholders
list (Gesellschafterliste) of the Company as filed (aufgenommen) with the commercial register
(Handelsregister), a copy of which is attached as Schedule 2 (Copy of Shareholders List).

	3.	 	 PLEDGE

	3.1	 	The Pledgor hereby pledges to each of the Pledgees the Shares together with all ancillary
rights and claims associated with the Shares as more particularly specified in Clause 4 (each
a “Pledge” and together the “Pledges”).

	3.2	 	Each of the Original Pledgees hereby accepts its Pledge for itself.

	3.3	 	The Collateral Agent accepts, as representative without power of attorney (Vertreter ohne
Vertretungsmacht), the respective Pledges for and on behalf of each Future Pledgee. Each
Future Pledgee ratifies and confirms the declarations and acts so made by the Collateral Agent
on its behalf in connection with accepting the transfer or assignment (including by way of
novation or assumption (Vertragsübernahme)) of the Obligations under the Loan Documents (or
part of them) from a Pledgee or the appointment to become a successor as administrative agent
under the Credit Agreement or as indenture trustee under the Senior Secured Note Indenture.
Upon such ratification (Genehmigung) such Future Pledgee becomes a party to this Agreement, it
being understood that any future or conditional claim (zukünftiger oder bedingter Anspruch) of
such Future Pledgee arising under the Loan Documents, or, in case of a successor indenture
trustee arising under the Senior Secured Note Documents shall be secured by the Pledges
constituted hereunder.

	3.4	 	All parties hereby confirm that the validity of the Pledges granted hereunder shall not be
affected by the Collateral Agent acting as representative without power of attorney for each
Future Pledgee.

	3.5	 	The Pledgor herewith authorises the Collateral Agent to notify on its behalf the Pledges
and/or the identity of any Future Pledgee and the new pledges created pursuant to sub-Clause
3.3 above to the Company. Upon request of the Collateral Agent, the Pledgor shall without
undue delay give such notice and provide the Collateral Agent with a copy thereof.

	3.6	 	The validity and effect of each of the Pledges shall be independent from the validity and the
effect of the other Pledges created hereunder. The Pledges to each of the Pledgees shall be
separate and individual pledges ranking pari passu with the other Pledges created hereunder.

	3.7	 	Each of the Pledges is in addition, and without prejudice, to any other security the Pledgees
may now or hereafter hold in respect of the Obligations.

	3.8	 	For the avoidance of doubt, the parties agree that nothing in this Agreement shall exclude a
transfer of all or part of the Pledges created hereunder by operation of law upon the transfer
or assignment (including by way of novation or assumption

- 10 -

 

	 	 	(Vertragsübernahme)) of all or part of the Obligations by any Pledgee to a Future Pledgee.

	4.	 	SCOPE OF THE PLEDGES

	4.1	 	The Pledges constituted by this Agreement include:

	 	(a)	 	the present and future rights to receive:

	 	(i)	 	dividends attributable to the Shares, if any; and
	 
	 	(ii)	 	liquidation proceeds, redemption proceeds (Einziehungsentgelt),
repaid capital in case of a capital decrease, any compensation in case of
termination (Kündigung) and/or withdrawal (Austritt) of a shareholder of the
Company, the surplus in case of surrender (Preisgabe), any repayment claim for
any additional capital contributions (Nachschüsse) and all other pecuniary
claims associated with the Shares;

	 	(b)	 	the right to subscribe for newly issued shares; and
	 
	 	(c)	 	all other rights and benefits attributable to the Shares capable of being
pledged (verpfändbar) (including without limitation all present and future pecuniary
claims of the Pledgor against the Company arising under or in connection with any
domination and/or profit transfer agreement (Beherrschungs- und/oder
Gewinnabführungsvertrag) or partial profit transfer agreement
(Teilgewinnabführungsvertrag) which may be entered into between the Pledgor and the
Company).

	4.2	 	Notwithstanding that the items set out in Clause 4.1 above are pledged hereunder, the Pledgor
shall be entitled to receive and retain the items set out in Clause 4.1 in respect of, and
otherwise deal (in accordance with the agreements between the parties) with all items
described in Clause 4.1 hereof in respect of the Shares at all times other than any time the
Pledgees are entitled to enforce the Pledges constituted hereunder.

	4.3	 	On the date and during the period in which the Pledgees are entitled, in accordance with
Clause 7 (Enforcement of the Pledges) hereof, to enforce the Pledges (or any part thereof):

	 	(a)	 	all dividends paid or payable and any other property received, receivable or
otherwise distributed in respect of or in exchange for the Shares;
	 
	 	(b)	 	all dividends or other distributions or payments paid or payable in respect of
the Shares in connection with the partial or total liquidation or dissolution of the
Company or in connection with the reduction of the amount of the registered share
capital of the Company; and
	 
	 	(c)	 	all cash paid, payable or otherwise distributed in respect of the principal of,
or in redemption of, or in exchange for the Shares,

- 11 -

 

	 	 	 	shall be forthwith delivered to the Collateral Agent and held as security for and on behalf
of the Pledgees. If such proceeds or property are received by the Pledgor, they shall be
received as trustee for the benefit of the Pledgees and shall be segregated from other
property or funds of the Pledgor and shall be forthwith delivered to the Collateral Agent
for and on behalf of the Pledgees as security in the form so received (with any necessary
endorsement).

	5.	 	PURPOSE OF THE PLEDGES

	 	 	The Pledges hereunder are constituted in order to secure the prompt and complete
satisfaction of any and all Obligations. The Pledges shall also cover any future extension
of the Obligations and the Pledgor herewith expressly agrees that the provisions of Section
1210 para 1 sentence 2 of the German Civil Code (Bürgerliches Gesetzbuch) shall not apply to
this Agreement.

	6.	 	EXERCISE OF MEMBERSHIP RIGHTS

	 	 	The membership rights, including the voting rights, attached to the Shares remain with the
Pledgor. The Pledgor may exercise its membership rights in any manner which does not
adversely affect the validity and enforceability of the Pledges, the existence of all or
part of the Shares or cause an Event of Default to occur. The Pledgor undertakes, unless
otherwise agreed between the parties, that no resolutions will be passed which would, if
passed, constitute a breach of its obligations under Clause 10 or any other obligation under
this Agreement.

	7.	 	ENFORCEMENT OF THE PLEDGES

	7.1	 	If (i) an Enforcement Event has occurred and is continuing and (ii) the requirements set
forth in Sections 1273 para 2, 1204 et seq. of the German Civil Code with regard to the
enforcement of any of the Pledges are met (Pfandreife), in particular, if any of the
Obligations has become due and payable, then in order to enforce the Pledges (or any of them),
the Collateral Agent may on its own behalf and on behalf of the other Pledgees at any time
thereafter avail itself of all rights and remedies that a pledgee has against a pledgor under
the laws of the Federal Republic of Germany.

	7.2	 	Notwithstanding Section 1277 of the German Civil Code, the Pledgees are entitled to exercise
their rights without obtaining enforceable judgment or other instrument (vollstreckbarer
Titel). The Pledgees shall be entitled to have the Pledges enforced in any manner allowed
under the laws of the Federal Republic of Germany, in particular have the Pledges sold
(including at public auction).

	7.3	 	The Pledgor hereby expressly agrees that 5 (five) business days’ prior written notice to the
Pledgor of the place and time of any such sale shall be sufficient and the Pledgees, acting
through the Collateral Agent, shall not be obliged to deliver any further notices (including,
but not limited to the notices set out under Section 1234 of the German Civil Code) to the
Pledgor prior to such sale. The sale may take place at any place in the Federal Republic of
Germany designated by the Collateral Agent, acting for and on behalf of the Pledgees.

- 12 -

 

	7.4	 	If the Pledgees, acting through the Collateral Agent, should seek to enforce the Pledges
under sub-Clause 7.1, the Pledgor shall, at its own expense, render forthwith all necessary
assistance in order to facilitate the prompt sale of the Shares or any part thereof and/or the
exercise by the Pledgees, acting through the Collateral Agent, of any other right they may
have as Pledgee.

	7.5	 	Whilst the requirements for enforcement under sub-Clause 7.1 are continuing, all subsequent
dividend payments attributable to the Shares and all payments based on similar ancillary
rights attributed to the Shares may be applied by the Pledgees, acting through the Collateral
Agent, in satisfaction in whole or in part of the Obligations or treated as additional
collateral.

	7.6	 	Even if the requirements for enforcement referred to under sub-Clause 7.1 above are met, the
Pledgees shall not, whether as proxy or otherwise, be entitled to exercise the voting rights
attached to the Shares. However, the Pledgor shall, during the continuation of an event which
allows the Pledgees to enforce the Pledges, have the obligations and the Pledgees shall have
the rights set forth in sub-Clause 10.6 below regardless of which resolutions are intended to
be adopted.

	7.7	 	The Pledgees acting through the Collateral Agent, may, in their sole discretion, determine
which of several security interests, if applicable, shall be used to satisfy the Obligations.
The Pledgor hereby expressly waives its right pursuant to Section 1230 sentence 2 of the
German Civil Code to limit the realisation of the Pledges and pledges over the shares or
partnership interests in one or more other companies to such number of pledges as are
necessary to satisfy the Obligations and agrees further that the Collateral Agent may decide
to enforce the Pledges over the shares in the Company individually in separate proceedings or
together with pledges over shares or partnership interests in one or more other companies at
one single proceeding (Gesamtverwertung).

	7.8	 	The Pledgor hereby expressly waives all defences of revocation (Einrede der Anfechtbarkeit)
and set-off (Einrede der Aufrechenbarkeit) pursuant to Sections 770, 1211 of the German Civil
Code.

	7.9	 	The Pledgor hereby expressly waives its defences based on defences any Grantor might have
against any of the Obligations (Einreden des Hauptschuldners) pursuant to Section 1211 para 1
sentence 1 alternative 1 of the German Civil Code.

	7.10	 	If the Pledges are enforced or if the Pledgor has discharged any of the Obligations (or any
part of them), Section 1225 of the German Civil Code (legal subrogation of claims to a pledgor
 — Forderungsübergang auf den Verpfänder) shall not apply and no rights of the Pledgees shall
pass to the Pledgor by subrogation or otherwise. Further, the Pledgor shall at no time before,
on or after an enforcement of the Pledges and as a result of the Pledgor entering into this
Agreement, be entitled to demand indemnification or compensation from the Company or the
Company’s affiliates or to assign any of these claims.

- 13 -

 

	8.	 	LIMITATIONS ON ENFORCEMENT

	8.1	 	The Pledgees shall be entitled to apply proceeds of an enforcement of the Pledges towards
satisfaction of the Obligations without limitation in respect of:

	 	(a)	 	all and any amounts which are owed under the Credit Documents by the Pledgor
itself, the Company or by any of their subsidiaries; and
	 
	 	(b)	 	all and any amounts which correspond to funds that have been borrowed or
otherwise raised under the Credit Documents, in each case to the extent borrowed,
on-lent or otherwise passed on to, or issued for the benefit of, the Pledgor, the
Company or any of their subsidiaries, or for the benefit of any of their creditors and
in each case not repaid and outstanding from time to time

	 	 	(in aggregate, the “Unlimited Enforcement Amount”).

	8.2	 	Besides an application of proceeds from an enforcement of the Pledges towards satisfaction of
the Obligations in respect of the Unlimited Enforcement Amount pursuant to Clause 8.1 above,
the Pledgees shall not be entitled to apply proceeds of an enforcement of the Pledges towards
satisfaction of the Obligations but shall return to the Pledgor proceeds of an enforcement of
the Pledges if and to the extent that:

	 	(a)	 	the Pledges secure the obligations of a Grantor which is (x) a shareholder of
the Pledgor or (y) an affiliated company (verbundenes Unternehmen) within the meaning
of section 15 of the German Stock Corporation Act (Aktiengesetz) of a shareholder of
the Pledgor (other than the Pledgor and its subsidiaries); and
	 
	 	(b)	 	the application of proceeds of an enforcement of the Pledges towards the
Obligations would have the effect of (x) reducing the Pledgor’s net assets
(Reinvermögen) (the “Net Assets”) to an amount of less than its stated share capital
(Stammkapital) or, if the Net Assets are already an amount of less than its stated
share capital, of causing such amount to be further reduced and (y) would thereby
affect the assets required for the obligatory preservation of the Pledgor’s stated
share capital (Stammkapital) according to section 30, 31 German Limited Liability
Companies Act (Gesetz betreffend die Gesellschaften mit beschränkter Haftung) provided
that the amount of the stated share capital to be taken into consideration shall be the
amount registered in the commercial register at the date hereof, and any increase of
the stated share capital registered after the date of this Agreement shall only be
taken into account if such increase has been effected with the prior written consent of
the Collateral Agent.

	8.3	 	The Net Assets shall be calculated as an amount equal to the sum of the values of the
Pledgor’s assets (consisting of all assets which correspond to the items set forth in section
266 sub-section(2) A, B and C of the German Commercial Code (Handelsgesetzbuch) less the
aggregate amount of the Pledgor’s liabilities (consisting 

- 14 -

 

	 	 	of all liabilities and liability
reserves which correspond to the items set forth in section 266 sub-section (3) B, C and D of
the German Commercial Code), save that:

	 	(a)	 	any asset that is shown in the balance sheet with a book value (Buchwert) that
is significantly lower than the market value of such asset and that is not necessary
for the Pledgor’s business (nicht betriebsnotwendig) shall be taken into account with
its market value;
	 
	 	(b)	 	obligations under loans provided to the Pledgor by any member of the Group or
any other affiliated company shall not be taken into account as liabilities as far as
such loans are subordinated by law or by contract at least to the claims of the
unsubordinated creditors of the Pledgor; and
	 
	 	(c)	 	obligations under loans or other contractual liabilities incurred by the
Pledgor in violation of the provisions of the Credit Documents shall not be taken into
account as liabilities.

	 	 	The Net Assets shall be determined in accordance with the generally accepted accounting
principles applicable from time to time in Germany (Grundsätze ordnungsmäßiger Buchführung)
and be based on the same principles that were applied by the Pledgor in the preparation of
its most recent annual balance sheet (Jahresbilanz).

	 	 	It being understood that the assets of the Pledgor will be assessed at liquidation values
(Liquidationswerte) if the managing directors of the Pledgor, at the time they prepare the
Management Determination (as defined below) are, due to factual or legal circumstances at
that time, in their opinion not able to make a positive prognosis as to whether the business
of the Pledgor can carry on as a going concern (positive Fortführungsprognose), in
particular when the Pledges are enforced.

	8.4	 	The limitations set out in Clause 8.2 above shall only apply if and to the extent that:

	 	(a)	 	without undue delay, but not later than within 5 business days, after receipt
of a notification by the Collateral Agent of its intention to enforce any of the
Pledges (the “Notice”), the Pledgor has confirmed in writing to the Collateral Agent
(x) to what extent such Pledges are up-stream or cross-stream security as described in
Clause 8.2 above and (y) which amount of proceeds of an enforcement of the Pledges
attributable to the enforcement of such up-stream or cross-stream security cannot be
applied towards satisfaction of the Obligations but would have to be returned to the
Pledgor as it would otherwise cause the Net Assets of the Pledgor to fall below its
stated share capital (taking into account the adjustments set out in Clause 8.3 above)
and such confirmation is supported by evidence reasonably satisfactory to the
Collateral Agent (the “Management Determination”) and the Collateral Agent has not
contested this and argued that no or a lesser amount would be necessary to maintain the
Pledgor’s stated share capital; or

- 15 -

 

	 	(b)	 	within 20 business days from the date the Collateral Agent has contested the
Management Determination, the Collateral Agent receives from the Pledgor an up to date
balance sheet prepared by a firm of auditors of international standard and reputation
(the “Determining Auditors”) which shows the value of the Pledgor’s Net Assets (the
“Balance Sheet”). The Balance Sheet shall be prepared in accordance with the principles
set out in Clause 8.3 above, provided that the final sentence of Clause 8.3 above shall
not apply unless the Determining Auditors have in an independent assessment determined
that the assets of the Pledgor should be evaluated at liquidation values
(Liquidationswerte) in accordance with the generally accepted accounting principles
applicable from time to time in Germany (Grundsätze ordnungsmäßiger Buchführung) and
shall contain further information (in reasonable detail) relating to items to be
adjusted pursuant to Clause 8.3 above. If the Pledgor fails to deliver a Balance Sheet
within the aforementioned time period, the Pledgees shall be entitled to apply the
proceeds of an enforcement of the Pledges towards satisfaction of the Obligations
irrespective of the limitations set out in Clause 8.2 above.

	8.5	 	If the Pledgees disagree with the Balance Sheet they shall be entitled to apply proceeds of
an enforcement of the Pledges in satisfaction of the Obligations up to an amount which,
according to the Balance Sheet, can be applied in satisfaction of the Obligations in
compliance with the limitations set out in Clause 8.2 above. In relation to any additional
amounts for which the Pledgor is liable under this Agreement, the Collateral Agent and the
Pledgees shall be entitled to further pursue their claims (if any) and the Pledgor shall be
entitled to prove that this amount is necessary for maintaining its stated share capital
(calculated as of the date the Pledgees have given notice that they intend to enforce the
security created under this Agreement).

	8.6	 	No reduction of the amount enforceable or applicable towards satisfaction of the Obligations
under this Clause 8 will prejudice the right of the Collateral Agent and the Pledgees to
continue enforcing the Pledges (subject always to the operation of the limitations set out
above at the time of such enforcement) until full satisfaction to the claims secured.

- 16 -

 

	9.	 	APPROVAL AND CONFIRMATION
	 
	 	 	The Pledgor as the sole shareholder of the Company hereby approves the Pledges over the
Shares and over any and all ancillary rights and claims associated with the Shares (as more
particularly specified in Clause 4) and pursuant to the articles of association of the
Company the Pledges are not subject to any approval of the Company.

	10.	 	UNDERTAKINGS OF THE PLEDGOR

	 	 	Unless otherwise agreed between the parties, during the term of this Agreement, the Pledgor
undertakes to each of the Pledgees:

	10.1	 	to promptly effect any contributions in cash (Bareinlage) or kind (Sacheinlage) to be made in
respect of the Shares;

	10.2	 	to inform the Collateral Agent promptly of any change made in the registered share capital of
the Company, or any changes made to the articles of association of the Company which would
materially adversely affect the security interest of the Collateral Agent and in each such
case to promptly deliver to the Pledgees, by sending the same to the Collateral Agent, in its
capacity as agent for and on behalf of the Pledgees, a copy of the updated shareholders list
(Gesellschafterliste) and a copy of the amended articles of association (Satzung) both as
filed (aufgenommen) with the commercial register (Handelsregister);

	10.3	 	to promptly notify the Pledgees, by notification in writing to the Collateral Agent of the
registration of an objection (Widerspruch) in relation to the Shares of the Pledgor in the
shareholders list (Gesellschafterliste) as filed (aufgenommen) with the commercial register
(Handelsregister).

	10.4	 	to promptly notify the Pledgees, by notification in writing to the Collateral Agent, of any
attachment (Pfändung) in respect of any of the Shares or any ancillary rights set out in
sub-Clause 4.1 such notice to be accompanied by any documents the Pledgees might need to
defend themselves against any claim of a third party. In particular, the Pledgor shall
promptly forward to the Collateral Agent a copy of the attachment order (Pfändungsbeschluss),
any transfer order (Überweisungsbeschluss) and all other documents necessary for a defence
against the attachment;

	10.5	 	in the event of any increase in the capital of the Company, not to allow, without the prior
written consent of the Pledgees, acting through the Collateral Agent (such consent not to be
unreasonably withheld), any party other than himself to subscribe for any Future Shares, and
not to defeat, impair or circumvent in any way the rights of the Pledgees created hereunder;

	10.6	 	to promptly inform the Pledgees, by notification in writing to the Collateral Agent, of all
matters concerning the Company of which the Pledgor is aware which would materially adversely
affect the security interest of the Pledgees. In particular, the Pledgor shall notify the
Pledgees, by notification in writing to the Collateral Agent,

- 17 -

 

	 	 	forthwith of any shareholders’
meeting at which a shareholders’ resolution is intended to be adopted which would have a
materially adverse effect upon any of the Pledges. The Pledgor shall allow, following the
occurrence and during the continuance of any of the circumstances which permit the Pledgees to
enforce the Pledges constituted hereunder in accordance with Clause 7, the Pledgees or, as the
case may be, their proxy or any other person designated by the Pledgees, to participate in all
such shareholders’ meetings of the Company as attendants without power to vote. Subject to the
provision contained in sub-Clause 14.1, the Pledgees’ right to attend a shareholders’ meeting
shall lapse immediately upon complete satisfaction and discharge of the Obligations;

	10.7	 	to refrain from any acts or omissions, the purpose or effect of which is or would be the
dilution of the value of the Shares or the Shares ceasing to exist, unless permitted by the
Pledgees (acting reasonably), acting through the Collateral Agent;

	10.8	 	not to amend the articles of association of the Company to the extent that such amendment
would materially adversely affect the security interest of the Pledgees created hereunder
without the prior written consent of the Pledgees, acting through the Collateral Agent (such
consent not to be unreasonably withheld);

	10.9	 	insofar as additional declarations or actions are necessary for the creation of the Pledges
(or any of them) in favour of the Pledgees (or any of them), to make such declarations and
undertake such actions at its own costs and expenses at the Collateral Agent’s reasonable
request; and

	10.10	 	upon reasonable request of the Collateral Agent to confirm or re-execute in notarial form on
the same terms as contained herein the Pledges created hereunder in order to ensure that any
Future Pledgee shall receive the benefit of such Pledges.

	11.	 	DELEGATION

	 	 	The Collateral Agent shall have full power to delegate (either generally or specifically)
the powers, authorities and discretions conferred on it by this Agreement on such terms and
conditions as it shall see fit. The Collateral Agent shall only remain liable for diligently
selecting and providing initial instructions to such delegate.

	12.	 	INDEMNITY

	 	 	The Pledgor shall reimburse the Collateral Agent (which, for purposes of this Clause 1212,
shall include its officers, directors, employees, agents and counsel) upon request for all
properly incurred, reasonable and documented out-of-pocket expenses incurred or made by it
in connection with the Credit Documents. Such expenses shall include the properly incurred,
reasonable and documented compensation and expenses, disbursements and advances of the
Collateral Agent’s agents, counsel, accountants and experts. The Pledgor shall indemnify the
Collateral Agent against any and all loss, liability, claim, taxes, costs, damage or expense
(including properly incurred, reasonable and documented attorneys’ fees and expenses)
incurred by or in connection with the acceptance or administration of the Collateral Agent’s

- 18 -

 

	 	 	performance of its duties under this Agreement and under German law, including the costs and
expenses of enforcing this Agreement and defending itself against or investigating any
claim. The obligation to pay such amounts shall survive the payment in full or defeasance of
the Obligations or the removal or resignation of the Collateral Agent. The Collateral Agent
shall notify Reynolds Group Holdings Limited of any claim for which it may seek indemnity
promptly upon obtaining actual knowledge thereof; provided that any failure so to notify
Reynolds Group Holdings Limited shall not relieve the Pledgor of its indemnity obligations
hereunder. The Pledgor may defend itself against such claim and the Collateral Agent shall
provide reasonable cooperation in such defense. The Collateral Agent may have separate
counsel and the Pledgor shall pay the properly incurred, reasonable and documented fees and
expenses of such counsel. The Pledgor need not reimburse any expense or indemnify against
any loss, liability or expense incurred by the Collateral Agent through the Collateral
Agent’s own wilful misconduct (Vorsatz) or gross negligence (grobe Fahrlässigkeit). No
provision of this Agreement shall require the Collateral Agent to expend or risk its own
funds or otherwise incur any financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if repayment of such funds or
adequate indemnity against such risk or liability is not assured to its satisfaction.

	13.	 	NO LIABILITY
	 
	 	 	Except as otherwise agreed between the parties to this Agreement, none of the Collateral
Agent, its nominee(s) or agent(s) or delegate(s) shall be liable by reason of (a) taking any
action permitted by this Agreement or (b) any neglect or default in connection with the
assets and rights subject to the security interest created hereunder, save in respect of any
loss or damage which is suffered as a result of wilful misconduct (Vorsatz) or gross
negligence (grobe Fahrlässigkeit) by the Collateral Agent, its nominee(s) or agent(s) or
delegate(s), or (c) the enforcement or realisation of all or any part of the security
interest created hereunder..

	14.	 	DURATION AND INDEPENDENCE

	14.1	 	This Agreement shall remain in full force and effect until complete satisfaction of the
Obligations. The Pledges shall not cease to exist, if any Grantor under the Credit Documents
has only temporarily discharged the Obligations.

	14.2	 	This Agreement shall create a continuing security and no change, amendment, or supplement
whatsoever in the Credit Documents or in any document or agreement related to any of the
Credit Documents shall affect the validity or the scope of this Agreement nor the obligations
which are imposed on the Pledgor pursuant to it.

	14.3	 	This Agreement is independent from any other security or guarantee which may have been or
will be given to the Pledgees or the Collateral Agent. None of such other security shall
prejudice, or shall be prejudiced by, or shall be merged in any way with this Agreement.

- 19 -

 

	14.4	 	Waiving Section 418 of the German Civil Code, the Pledgor hereby agrees that the security
created hereunder shall not be affected by any transfer or assumption of the Obligations to,
or by, any third party.

	15.	 	RELEASE OF PLEDGE (PFANDFREIGABE)

	15.1	 	Upon complete and irrevocable satisfaction of the Obligations, the Collateral Agent (as
instructed in accordance with the First Lien Intercreditor Agreement) and the other Pledgees
will as soon as reasonably practicable declare in writing the release of the Pledges
(Pfandfreigabe) to the Pledgor as a matter of record. For the avoidance of doubt, the parties
are aware that upon full and complete satisfaction of the Obligations the Pledges, due to
their accessory nature (Akzessorietät) cease to exist by operation of German mandatory law.

	15.2	 	At any time when the total value of the aggregate security granted by the Pledgor and any of
the other Grantors to secure the Obligations (the “Security”), which can be expected to be
realised in the event of an enforcement of the Security (realisierbarer Wert), exceeds 110% of
the Obligations (the “Limit”) not only temporarily, the Pledgees shall on demand of the
Pledgor release such part of the Security (Sicherheitenfreigabe) as the Collateral Agent (as
instructed in accordance with the First Lien Intercreditor Agreement) and the other Pledgees
may in their reasonable discretion determine so as to reduce the realisable value of the
Security to the Limit.

	15.3	 	The parties acknowledge that the Collateral Agent (as instructed in accordance with the First
Lien Intercreditor Agreement) and the other Pledgees, acting through the Collateral Agent,
will declare in writing the release of the Pledges (Pfandfreigabe) to the Pledgor as soon as
reasonably practicable in accordance with, and to the extent required by, the Intercreditor
Arrangements.

	16.	 	PARTIAL INVALIDITY; WAIVER

	16.1	 	If at any time, any one or more of the provisions hereof is or becomes invalid, illegal or
unenforceable in any respect under the law of any jurisdiction, such provision shall as to
such jurisdiction, be ineffective to the extent necessary without affecting or impairing the
validity, legality and enforceability of the remaining provisions hereof or of such provisions
in any other jurisdiction. The invalid, illegal or unenforceable provision shall be deemed to
be replaced with such valid, legal or enforceable provision which comes as close as possible
to the original intent of the parties and the invalid, illegal or unenforceable provision.
Should a gap (Regelungslücke) become evident in this Agreement, such gap shall, without
affecting or impairing the validity, legality and enforceability of the remaining provisions
hereof, be deemed to be filled in with such provision which comes as close as possible to the
original intent of the parties.

	16.2	 	No failure to exercise, nor any delay in exercising, on the part of the Pledgees, any right
or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any right or remedy prevent any further or other exercise thereof or 

- 20 -

 

	 	 	the exercise
of any other right or remedy. The rights and remedies provided hereunder are cumulative and
not exclusive of any rights or remedies provided by law.

	16.3	 	In particular, the Pledges shall not be affected and shall in any event extend to any and all
shares in the Company even if the number or nominal value of the Existing Shares or the
aggregate share capital of the Company as stated in Clause 2 are inaccurate or deviate from
the actual facts.

	17.	 	AMENDMENTS

	 	 	Changes and amendments to this Agreement including this Clause 17 shall be made in writing
except where notarisation is required.

	18.	 	NOTICES AND THEIR LANGUAGE

	18.1	 	All notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by fax, as follows:

	 	 	 	 	 	 	 

	For
the Pledgor:
	 	SIG Combibloc Systems GmbH
	 

	 	Address:
	 	Rurstraße 58, 52441

Linnich, Germany,	 	 
	 

	 	Telephone:
	 	+49 2462 79 0	 	 
	 

	 	Fax:
	 	+49 2462 79 2519	 	 
	 

	 	Attention:
	 	Managing      directors	 	 
	 

	 	 	 	(Geschäftsführung)	 	 
	 
	 	 	 	 	 	 
	for the Pledgor with a copy to: 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	c/o Rank Group Limited	 	 
	 

	 	 	 	Level 9	 	 
	 

	 	 	 	148 Quay Street	 	 
	 

	 	 	 	PO Box 3515	 	 
	 

	 	 	 	Auckland 1140	 	 
	 

	 	 	 	New Zealand	 	 
	 

	 	Telephone.
	 	+649 3666 259	 	 
	 

	 	Fax:
	 	+649 3666 263	 	 
	 

	 	Attention:
	 	Helen Golding	 	 

- 21 -

 

	 	 	 	 	 	 	 

	For the Pledgees to the Collateral Agent:	 	The Bank of New York Mellon
	 
	 	 	 	 	 	 
	 

	 	Address:
	 	101 Barclay Street, 4E	 	 
	 

	 	 	 	New York, N.Y. 10286	 	 
	 

	 	 	 	The United States of	 	 
	 

	 	 	 	America	 	 
	 

	 	Telephone:
	 	+212 298 1528	 	 
	 

	 	Fax:
	 	+212 815 5366	 	 
	 

	 	Attention:
	 	International Corporate Trust	 	 

	18.2	 	Any party hereto may change its address or fax number for notices and other communications
hereunder by notice to the other parties hereto. As agreed to in writing by the parties,
notices and other communications hereunder may also be delivered by e-mail to the e-mail
address of a representative of the applicable party to this Agreement provided from time to
time by such party.
	 
	18.3	 	All notices and other communications given to any party in connection with this Agreement in
accordance with the provisions of this Agreement shall be deemed (widerlegbare Vermutung)
received on the date sent (if a business day) and on the next business day thereafter (in all
other cases) if delivered by hand or overnight courier service or sent by fax or on the date
five business days after dispatch by certified or registered mail if mailed, in each case
delivered, sent or mailed (properly addressed) to such party as provided in this Clause 18 or
in accordance with the latest unrevoked direction from such party given in accordance with
this Clause 18.
	 
	18.4	 	Any notice or other communication under or in connection with this Agreement shall be in the
English language or, if in any other language, accompanied by a translation into English. In
the event of any conflict between the English text and the text in any other language, the
English text shall prevail.

- 22 -

 

	19.	 	NOTIFICATION
	 
	19.1	 	The Pledgor and the Pledgees hereby give notice of this Agreement and the Pledges of the
rights pursuant to Clause 3 and Clause 4 to the Company.
	 
	19.2	 	The Company hereby acknowledges the notification pursuant to Clause 19.1 above.
	 
	20.	 	APPLICABLE LAW, JURISDICTION
	 
	20.1	 	This Agreement is governed by the laws of the Federal Republic of Germany.
	 
	20.2	 	The place of jurisdiction for any and all disputes arising under or in connection with this
Agreement shall be the district court (Landgericht) in Frankfurt am Main. The Pledgees
however, shall also be entitled to take action against the Pledgor in any other court of
competent jurisdiction. Further, the taking of proceedings against the Pledgor in any one or
more jurisdictions shall not preclude the taking of proceedings in any other jurisdiction
(whether concurrently or not) if and to the extent permitted by applicable law.

The Notary advised the persons appearing:

	•	 	that a pledge is a security instrument of strictly accessory nature (which means that it
comes into legal existence only if, to the extent that, and as long as, the underlying secured
claims do in fact exist, and that the owners of the secured claims and the pledgees must be
identical);
	 
	•	 	that notwithstanding Section 16 para 3 German Limited Liability Companies Act (Gesetz
betreffend die Gesellschaften mit beschränkter Haftung) there is no bona fide creation,
acquisition nor ranking of a pledge of shares (in the sense that the pledgees are not
protected if the shares purported to be pledged do not exist or have been previously
encumbered for the benefit of a third party); and

	•	 	that the English original version of this Agreement will not be acceptable for enforcement
but will have to be translated, by a certified translator, into German for such purposes.

The above Agreement including the Schedules was read aloud by the Notary to the persons appearing,
approved by them and signed by the persons appearing and by the Notary in their own hand as
follows:

- 23 -

 

SCHEDULE 1

LIST OF FINANCIAL INSTITUTIONS, ORIGINAL BORROWERS AND ORIGINAL
GUARANTORS

PART 1

LIST OF FINANCIAL INSTITUTIONS

	 	 	 
	Name	 	Domicile
	Australia and New Zealand Banking Group
Limited

	 	Melbourne, Australia
	 
	 	 
	BOS International (Australia) Limited

	 	Sydney, Australia
	 
	 	 
	Coöperatieve Centrale Raiffeisen —
Boerenleenbank B.A. (“Rabobank”),
Frankfurt Branch

	 	Frankfurt, Germany
	 
	 	 
	Credit Suisse, Cayman Island branch

	 	Cayman Islands
	 
	 	 
	DZ Bank AG Deutsche
Zentral-Genossenschaftsbank Frankfurt
am Main, London Branch

	 	London, United Kingdom
	 
	 	 
	Mizuho Corporate Bank, Ltd., Sydney
Branch

	 	Sydney, Australia
	 
	 	 
	Sumitomo Mitsui Banking Corporation,
Singapore Branch

	 	Singapore
	 
	 	 
	The Bank of New York Mellon

	 	New York, United States of America
	 
	 	 
	Westpac Banking Corporation

	 	Australia

- 24 -

 

PART 2

LIST OF ORIGINAL BORROWERS

SIG Euro Holding AG & Co. KG aA

Closure Systems International Holding Inc.

Closure Systems International B.V.

SIG Austria Holding GmbH

Reynolds Consumer Products Holdings Inc.

Reynolds Group Holdings Inc.

- 25 -

 

PART 3

LIST OF ORIGINAL GUARANTORS

SIG Euro Holding AG & Co. KGaA (Germany)

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à r.l. (Luxembourg)

SIG Finance (Luxembourg) S.à.r.l. (Luxembourg)

Reynolds Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

Reynolds Group Holdings Inc. (USA)

Reynolds Group Issuer Inc. (USA)

- 26 -

 

Reynolds Group Issuer LLC (USA)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

Closure Systems International Deutschland Real Estate GmbH & Co KG (Germany)

Closure Systems International (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Consumer Products (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Group Issuer (Luxembourg) S.A. (Luxembourg)

Closure Systems International B.V. (The Netherlands)

Reynolds Consumer Products International B.V. (The Netherlands)

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

Reynolds Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

Reynolds Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

Reynolds Consumer Products Inc. (Delaware, USA)

Reynolds Foil Inc. (Delaware, USA)

Reynolds Services Inc. (Delaware, USA)

- 27 -

 

PART 4

LIST OF ORIGINAL SENIOR SECURED NOTE GUARANTORS

SIG Euro Holding AG & Co. KGaA (Germany)

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à r.l. (Luxembourg)

SIG Finance (Luxembourg) S.à.r.l. (Luxembourg)

Reynolds Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

Reynolds Group Holdings Inc. (USA)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

- 28 -

 

Closure Systems International Deutschland Real Estate GmbH & Co KG (Germany)

Closure Systems International (Luxembourg) S.à r.l. (Luxembourg)

Reynolds Consumer Products (Luxembourg) S.à r.l. (Luxembourg)

Closure Systems International B.V. (The Netherlands)

Reynolds Consumer Products International B.V. (The Netherlands)

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

Reynolds Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

Reynolds Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

Reynolds Consumer Products Inc. (Delaware, USA)

Reynolds Foil Inc. (Delaware, USA)

Reynolds Services Inc. (Delaware, USA)

- 29 -

 

SCHEDULE 2

COPY OF SHAREHOLDERS LIST (GESELLSCHAFTERLISTE)

Information was provided in pdf format only.

- 30 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00198-of-00352.parquet"}]]