Document:

exv4w313

EXHIBIT
4.313

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

DATED 16 NOVEMBER 2010

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A.

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

 

 

THIS DEED is made the 16th day of November 2010

BETWEEN:

	(1)	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A., a société anonyme incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach,
Grand-duchy of Luxembourg registered with the Luxembourg register of commerce and companies
under the number B128.592 (the “Assignor”); and

	(2)	 	THE BANK OF NEW YORK MELLON in its capacity as collateral agent as appointed under
the First Lien Intercreditor Agreement for the Secured Parties (the “Collateral Agent”)

WHEREAS:

	(A)	 	The Assignor has entered into the security assignment of contractual rights under a
specific contract dated 23 February 2010 granted by Beverage Packaging Holdings (Luxembourg) I
S.A. in favour of the Collateral Agent (the “Security Assignment”) pursuant to both (i) a
credit agreement dated as of 5 November 2009 (as subsequently amended) between among others
Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems
International Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH,
Reynolds Group Holdings Limited, Closure Systems International BV, the other borrowers party
thereto, the lenders from time to time parties thereto, and Credit Suisse AG as administrative
agent (the “Credit Agreement”) and (ii) an indenture dated 5 November 2009 between Reynolds
Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent and collateral agent, as modified, amended or
supplemented from time to time (the “2009 Indenture”).

	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 (as subsequently amended) between among others The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse AG as representative
under the credit agreement, Wilmington Trust (London) Limited as an additional Collateral
Agent and each grantor that are parties thereto, as subsequently amended (the “First Lien
Intercreditor Agreement”).

	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement dated 30
September 2010 to amend the terms of the Credit Agreement (“Amendment No.3”).

	(D)	 	Pursuant to an indenture (the “2010 Secured Notes Indenture”) dated 15 October 2010
and entered into between, among others, RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL
Escrow Issuer (Luxembourg) I S.A. (the “Escrow Issuers”) and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited as additional collateral agent, certain secured notes (the “2010
Secured Notes”) were issued by the Escrow Issuers. On or about the date of this agreement the
2010 Secured Notes shall be

 - 1 - 

 

	 	 	released from escrow and the obligations of the Escrow Issuers
shall be assumed by the issuers under the 2009 Indenture.

	(E)	 	The obligations in respect of the 2010 Secured Notes and any Senior Secured Note
Documents (as defined therein) will or have been designated as “Additional Obligations” under,
and in accordance with, section 5.02(c) of the First Lien Intercreditor Agreement (the
“Secured Notes Designation”).

	(F)	 	As a consequence of the execution of the 2010 Secured Notes Indenture it is necessary
for the Assignor to make certain minor amendments to the Security Assignment, and enter into
this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.

	2.	 	With effect from the date of this Deed, the Security Assignment shall be amended as
follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “2009 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “2009 Issuers” means the “Issuers” under, and as defined in, the 2009 Senior
Secured Note Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “2010 Issuers” means the “Issuers” under, and as defined in, the 2010 Senior
Secured Note Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “Escrow Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	“ “Escrow Issuers” means RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow
Issuer (Luxembourg) I S.A., including their successors in interest.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Senior
Secured Note Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	“ “2010 Senior Secured Notes Indenture” means the indenture dated 15 October 2010,
among the Escrow Issuers and The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, as amended, extended,
restructured, renewed, refunded, novated, supplemented, restated, replaced or
modified from time to time and to which the 2010 Issuers

 - 2 - 

 

	 	 	 	have or will become a
party as issuers by way of the Escrow Issuers merging into the 2010 Issuers.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the definition of “Senior Secured Note Indenture”
shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	“ “2009 Senior Secured Notes Indenture” means the Indenture dated 5 November, 2009,
among the 2009 Issuers, the Note Guarantors (as defined therein) and The Bank of
New York Mellon, as trustee, principal paying agent, transfer agent and registrar,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time.”
	 
	 	(f)	 	Clause 7(b) (Further Advances) shall be deleted in its entirety and replaced
with the following:
	 
	 	 	 	“7(b)(i) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and the
obligations in respect if such Additional Notes will be deemed to be incorporated
into this Agreement as if set out in this Agreement.
	 
	 		 	(ii) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture) and the
obligations in respect of such Additional Notes will be deemed to be incorporated
into this Agreement as if set out in this Agreement.”

	3.	 	The Assignor confirms that, with effect from the date of this Deed, the Security
Assignment shall continue in full force and effect as amended by this Deed and extends to the
obligations in respect of the Credit Agreement as amended by the Amendment No.3 and to the
obligations in respect of the new “Additional Agreements” as a result of the Secured Notes
Designation.

	4.	 	The Assignor hereby represents that it has not registered one or more “establishments”
(as that term is defined in regulation 2 of Part 1 of The Overseas Companies Regulations 2009)
with the Registrar of Companies or, if it has so registered, it has provided to the Applicable
Representative and the Collateral Agent sufficient details to enable an accurate search
against it to be undertaken by the Secured Parties at the Companies Registry.

	5.	 	This Deed is supplemental to and shall be construed as one with the Security
Assignment and all documents or instruments which are expressed to supplement the Security
Assignment shall be construed accordingly.

	6.	 	This Deed may be executed in two or more counterparts each of which shall be deemed an
original but which together shall constitute one and the same instrument.

	7.	 	This Deed and any non-contractual obligations arising out of or in connection with it
shall be governed by and construed in accordance with English law.

 - 3 - 

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Assignors and understood by
the Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 	 	 

	The Assignors
	 	 	 	 	 	 	 	 
	Signed as a deed by

	 	HELEN GOLDING
	 	 	)	 	 	 
	 

	 	 	 	 	)	 	 	 
	as attorney for

	 	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 	 
	Beverage Packaging Holdings (Luxembourg) I S.A.)	 	 	 	 	 	/s/ HELEN GOLDING

	 	 	 	 	 

	The Collateral Agent
	 	 	 	 
	 
	 	 	 	 
	Signed by

	 	 	)	 
	THE BANK OF NEW YORK MELLON

	 	 	)	 

By: /s/ CATHERINE DONOHUE

Name: Catherine Donohue

Address: The Bank of New York Mellon

               101 Barclay Street, Floor 4E, New York, NY 10286, USA

Fax: +1 212 815 5366

Attention: International Corporate Trust

 - 4 -exv4w314

EXHIBIT
4.314

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

DATED 16 NOVEMBER 2010

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.À R.L

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

 

 

THIS DEED is made the 16th day of November 2010

BETWEEN:

	(1)	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.À R.L, a société à responsabilité
limitée incorporated under Luxembourg law with registered office at 6C, Parc d’Activités
Syrdall, L-5365 Munsbach, Grand-duchy of Luxembourg registered with the Luxembourg register of
commerce and companies under the number B128.135 and having a share capital of EUR
404,969,325. (the “Assignor”); and
	 
	(2)	 	THE BANK OF NEW YORK MELLON in its capacity as collateral agent as appointed under
the First Lien Intercreditor Agreement for the Secured Parties (the “Collateral Agent”)

WHEREAS:

	(A)	 	The Assignor has entered into the security assignment of contractual rights under a
specific contract dated 2 December 2009 granted by Beverage Packaging Holdings (Luxembourg)
III S.à r.l in favour of the Collateral Agent (the “Security Assignment”) pursuant to both (i)
a credit agreement dated as of 5 November 2009 (as subsequently amended) between among others
Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems
International Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH,
Reynolds Group Holdings Limited, Closure Systems International BV, the other borrowers party
thereto, the lenders from time to time parties thereto, and Credit Suisse AG as administrative
agent (the “Credit Agreement”) and (ii) an indenture dated 5 November 2009 between Reynolds
Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent and collateral agent, as modified, amended or
supplemented from time to time (the “2009 Indenture”).
	 
	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 (as subsequently amended) between among others The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse AG as representative
under the credit agreement, Wilmington Trust (London) Limited as an additional Collateral
Agent and each grantor that are parties thereto, as subsequently amended (the “First Lien
Intercreditor Agreement”).
	 
	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement dated 30
September 2010 to amend the terms of the Credit Agreement (“Amendment No.3”).
	 
	(D)	 	Pursuant to an indenture (the “2010 Secured Notes Indenture”) dated 15 October 2010
and entered into between, among others, RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL
Escrow Issuer (Luxembourg) I S.A. (the “Escrow Issuers”) and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited as additional collateral agent, certain secured notes (the “2010
Secured Notes”) were issued by the Escrow Issuers. On or about the date of this agreement the
2010 Secured Notes shall be

- 1 -

 

	 	 	released from escrow and the obligations of the Escrow Issuers shall be assumed by the issuers under
the 2009 Indenture.
	 
	(E)	 	The obligations in respect of the 2010 Secured Notes and any Senior Secured Note
Documents (as defined therein) will or have been designated as “Additional Obligations” under,
and in accordance with, section 5.02(c) of the First Lien Intercreditor Agreement (the
“Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the 2010 Secured Notes Indenture it is necessary
for the Assignor to make certain minor amendments to the Security Assignment, and enter into
this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.

	2.	 	With effect from the date of this Deed, the Security Assignment shall be amended as
follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “2009 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	““2009 Issuers” means the “Issuers” under, and as defined in, the 2009 Senior
Secured Note Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	““2010 Issuers” means the “Issuers” under, and as defined in, the 2010 Senior
Secured Note Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “Escrow Issuers”
shall be inserted in alphabetical order:
	 
	 	 	 	““Escrow Issuers” means RGHL US Escrow I Inc., RGHL US Escrow I LLC and RGHL Escrow
Issuer (Luxembourg) I S.A., including their successors in interest.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “2010 Senior
Secured Note Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““2010 Senior Secured Notes Indenture” means the indenture dated 15 October 2010,
among the Escrow Issuers and The Bank of New York Mellon, as trustee, principal
paying agent, transfer agent, registrar and collateral agent and Wilmington Trust
(London) Limited as additional collateral agent, as amended, extended,
restructured, renewed, refunded, novated, supplemented, restated, replaced or
modified from time to time and to which the 2010 Issuers

- 2 -

 

	 	 	 	have or will become a
party as issuers by way of the Escrow Issuers merging into the 2010 Issuers.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the definition of “Senior Secured Note Indenture”
shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““2009 Senior Secured Notes Indenture” means the Indenture dated 5 November, 2009,
among the 2009 Issuers, the Note Guarantors (as defined therein) and The Bank of
New York Mellon, as trustee, principal paying agent, transfer agent and registrar,
as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time.”
	 
	 	(f)	 	Clause 7(b) (Further Advances) shall be deleted in its entirety and replaced
with the following:
	 
	 	 	 	“7(b)(i) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and the
obligations in respect if such Additional Notes will be deemed to be incorporated
into this Agreement as if set out in this Agreement.
	 
	 	(ii)	 	Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture) and the
obligations in respect of such Additional Notes will be deemed to be incorporated
into this Agreement as if set out in this Agreement.”

	3.	 	The Assignor confirms that, with effect from the date of this Deed, the Security
Assignment shall continue in full force and effect as amended by this Deed and extends to the
obligations in respect of the Credit Agreement as amended by the Amendment No.3 and to the
obligations in respect of the new “Additional Agreements” as a result of the Secured Notes
Designation.
	 
	4.	 	The Assignor hereby represents that it has not registered one or more “establishments”
(as that term is defined in regulation 2 of Part 1 of The Overseas Companies Regulations 2009)
with the Registrar of Companies or, if it has so registered, it has provided to the Applicable
Representative and the Collateral Agent sufficient details to enable an accurate search
against it to be undertaken by the Secured Parties at the Companies Registry.
	 
	5.	 	This Deed is supplemental to and shall be construed as one with the Security
Assignment and all documents or instruments which are expressed to supplement the Security
Assignment shall be construed accordingly.
	 
	6.	 	This Deed may be executed in two or more counterparts each of which shall be deemed an
original but which together shall constitute one and the same instrument.
	 
	7.	 	This Deed and any non-contractual obligations arising out of or in connection with it
shall be governed by and construed in accordance with English law.

- 3 -

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Assignors and understood by
the Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 

	The Assignors
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signed as a deed by

	 	HELEN GOLDING
	 	 	)	 
	 

	 	 	 	 	)	 
	as attorney for

	 	 	 	 	)	 
	Beverage Packaging Holdings (Luxembourg) III S.à r.l ) /s/ HELEN GOLDING

	 	 	 

	The Collateral Agent
	 	 
	 
	 	 
	Signed by
	 	)
	THE BANK OF NEW YORK MELLON
	 	)

By: /s/ CATHERINE DONOHUE

Name: Catherine Donohue

Address: The Bank of New York Mellon

                101 Barclay Street, Floor 4E, New York, NY 10286, USA

Fax: +1 212 815 5366

Attention: International Corporate Trust

- 4 -

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