Document:

exv4w363

EXHIBIT
4.363

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 1 FEBRUARY 2011

SIG HOLDINGS (UK) LIMITED

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT 

 

 

THIS DEED is made the 1st day of February 2011

BETWEEN:

	(1)	 	SIG HOLDINGS (UK) LIMITED, a company incorporated in England and Wales with company number
01838654 (the “Chargor”); 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 Chargor has entered into the debenture dated 2 December 2009 and as subsequently amended
by way of a deed of confirmation and amendment dated 16 November 2010 granted by SIG Holdings
(UK) Limited in favour of the Collateral Agent (the “Debenture”) pursuant to (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, Pactiv Corporation, the other borrowers
party thereto, the lenders from time to time parties thereto, and Credit Suisse AG as
administrative agent (the “Credit Agreement”), (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 Senior Secured Notes Indenture”), and (iii) an
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. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent (the “2010 Senior Secured
Notes Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture and the 2010
Senior Secured Notes Indenture, certain parties to 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 (the
“First Lien Intercreditor Agreement”).
	 
	(C)	 	Pursuant to an indenture (the “February 2011 Senior Secured Notes Indenture”) dated 1
February 2011 and entered into between, among others, the Issuers (as defined therein) (the
“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 “February 2011 Senior Secured Notes”) were issued
by the Issuers.
	 
	(D)	 	The obligations in respect of the February 2011 Senior Secured Notes and any Senior Secured
Note Documents (as defined therein) will or have been designated as

-1-

 

	 	 	“Additional Obligations” under, and in accordance with, section 5.02(c) of the First Lien
Intercreditor Agreement (the “Secured Notes Designation”).
	 
	(E)	 	As a consequence of the execution of the February 2011 Senior Secured Notes Indenture it is
necessary for the Chargor to make certain minor amendments to the Debenture, 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 Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011 Senior
Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Senior Secured Notes Indenture” means the indenture dated 1 February
2011, among the February 2011 Issuers and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated, replaced
or modified from time to time.”
	 
	 	(c)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted and replaced by the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning it is given in the Credit Agreement
and the 2009 Senior Secured Notes Indenture and to the extent of any inconsistency
the meaning it is given in the Credit Agreement shall prevail.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement” shall
be deleted and replaced by the following:
	 
	 	 	 	““Credit Agreement” means the Credit Agreement dated 5 November 2009 among Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings Inc., SIG Euro Holding AG &
Co. KGaA, Closure Systems International Holdings Inc., Closure Systems International
B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers, Reynolds Group
Holdings Limited, the lenders from time to time party thereto and Credit Suisse AG
(formally known as Credit Suisse) as administrative agent, as amended by amendment
agreements dated 21 January 2010, 4 May 2010 and 30 September 2010 and

-2-

 

	 	 	 	as further amended, extended, restructured, renewed, novated, supplemented,
restated, refunded, replaced or modified from time to time.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted and replaced by the following:
	 
	 	 	 	““First Lien Intercreditor Agreement” mean the First Lien Intercreditor Agreement
dated 5 November 2009 between, among others, the Collateral Agent, The Bank of New
York Mellon, as trustee under the 2009 Senior Secured Notes Indenture, the 2010
Senior Secured Notes Indenture and the February 2011 Senior Secured Notes Indenture,
Credit Suisse AG (formally known as Credit Suisse) as administrative agent under the
Credit Agreement, and the Loan Parties, as further amended, novated, supplemented,
restated or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “Principal Finance
Documents” shall be deleted and replaced by the following:
	 
	 	 	 	““Principal Finance Documents” means the Credit Agreement, the 2009 Senior Secured
Notes Indenture, the 2010 Senior Secured Notes Indenture, the February 2011 Senior
Secured Notes Indenture, the Intercreditor Arrangements and any Additional
Agreement.”
	 
	 	(g)	 	Clause 5.3.2 (Further Advances) shall be deleted in its entirety and replaced
with the following:

	 	“5.3.2	 	(a) 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 of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.

(b) 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 Debenture as if set out in this Debenture.

(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in this
Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the new Additional Agreements (as defined in the First Lien Intercreditor
Agreement) as a result of the Secured Notes Designation.

-3-

 

	4.	 	This Deed is supplemental to and shall be construed as one with the Debenture and all
documents or instruments which are expressed to supplement the Debenture shall be construed
accordingly.
	 
	5.	 	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.
	 
	6.	 	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.
	 
	7.	 	The courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”) arising
out of, or connected with this Deed (including a dispute regarding the existence, validity or
termination of this Deed or the consequences of its nullity) or any non-contractual
obligations arising out of or in connection with this Deed.
	 
	8.	 	The parties agree that the courts of England are the most appropriate and convenient courts
to settle Disputes between them and, accordingly, that they will not argue to the contrary.
	 
	9.	 	Clauses 7 to 9 (inclusive) of this Deed are for the benefit of the Collateral Agent only. As
a result and notwithstanding Clause 7, it does not prevent the Collateral Agent from taking
proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed
by law, the Collateral Agent may take concurrent proceedings in any number of jurisdictions.

-4-

 

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

	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signed as a deed by

	 	 	)	 	 	 
	Karen Mower

	 	 	)	 	 	 
	as attorney for

	 	 	)	 	 	 
	SIG Holdings (UK) Limited

	 	 	)	 	 	 
	in the presence of:

	 	 	)	 	 	/s/ Karen Mower

	 	 	 

	Signature of witness

	 	/s/ Nathan Parker
		 	 

	Name of witness

	 	  Nathan Parker
	 
	 	 
	Address of witness

	 	[________________]
	 
	 	 
	Occupation of witness

	 	Solicitor

	 	 	 	 	 

	The Collateral Agent
	 	 	 	 
	 
	 	 	 	 
	Signed by

	 	 	)	 
	THE BANK OF NEW YORK MELLON

	 	 	)	 

	 	 	 	 	 

	By: /s/ Catherine F. Dononue
		 	 

	

	 	Name: Catherine F. Dononue	 	 

	 	 	 	 	 
	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	 	 

-5-exv4w364

EXHIBIT 4.364

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 1 FEBRUARY 2011

KAMA EUROPE LIMITED

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

 

 

THIS DEED is made the 1st day of February 2011

BETWEEN:

	(1)	 	KAMA EUROPE LIMITED, a company incorporated in England and Wales with company number 02548722
(the “Chargor”); 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 Chargor has entered into the debenture dated 1 September 2010 and as subsequently amended
by way of a deed of confirmation and amendment dated 16 November 2010 granted by Kama Europe
Limited in favour of the Collateral Agent (the “Debenture”) pursuant to (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, Pactiv Corporation, the other borrowers
party thereto, the lenders from time to time parties thereto, and Credit Suisse AG as
administrative agent (the “Credit Agreement”), (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 Senior Secured Notes Indenture”), and (iii) an
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. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent (the “2010 Senior Secured
Notes Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture and the 2010
Senior Secured Notes Indenture, certain parties to 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 (the
“First Lien Intercreditor Agreement”).
	 
	(C)	 	Pursuant to an indenture (the “February 2011 Senior Secured Notes Indenture”) dated 1
February 2011 and entered into between, among others, the Issuers (as defined therein) (the
“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 “February 2011 Senior Secured Notes”) were issued
by the Issuers.
	 
	(D)	 	The obligations in respect of the February 2011 Senior Secured Notes and any Senior Secured
Note Documents (as defined therein) will or have been designated as

-1-

 

	 	 	“Additional Obligations” under, and in accordance with, section 5.02(c) of the First Lien
Intercreditor Agreement (the “Secured Notes Designation”).
	 
	(E)	 	As a consequence of the execution of the February 2011 Senior Secured Notes Indenture it is
necessary for the Chargor to make certain minor amendments to the Debenture, 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 Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011 Senior
Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Senior Secured Notes Indenture” means the indenture dated 1 February
2011, among the February 2011 Issuers and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated, replaced
or modified from time to time.”
	 
	 	(c)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted and replaced by the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning it is given in the Credit Agreement
and the 2009 Senior Secured Notes Indenture and to the extent of any inconsistency
the meaning it is given in the Credit Agreement shall prevail.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement” shall
be deleted and replaced by the following:
	 
	 	 	 	““Credit Agreement” means the Credit Agreement dated 5 November 2009 among Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings Inc., SIG Euro Holding AG &
Co. KGaA, Closure Systems International Holdings Inc., Closure Systems International
B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers, Reynolds Group
Holdings Limited, the lenders from time to time party thereto and Credit Suisse AG
(formally known as Credit Suisse) as administrative agent, as amended by amendment
agreements dated 21 January 2010, 4 May 2010 and 30 September 2010 and

-2-

 

	 	 	 	as further amended, extended, restructured, renewed, novated, supplemented,
restated, refunded, replaced or modified from time to time.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted and replaced by the following:
	 
	 	 	 	“First Lien Intercreditor Agreement” mean the First Lien Intercreditor Agreement
dated 5 November 2009 between, among others, the Collateral Agent, The Bank of New
York Mellon, as trustee under the 2009 Senior Secured Notes Indenture, the 2010
Senior Secured Notes Indenture and the February 2011 Senior Secured Notes Indenture,
Credit Suisse AG (formally known as Credit Suisse) as administrative agent under the
Credit Agreement, and the Loan Parties, as further amended, novated, supplemented,
restated or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “Principal Finance
Documents” shall be deleted and replaced by the following:
	 
	 	 	 	““Principal Finance Documents” means the Credit Agreement, the 2009 Senior Secured
Notes Indenture, the 2010 Senior Secured Notes Indenture, the February 2011 Senior
Secured Notes Indenture, the Intercreditor Arrangements and any Additional
Agreement.”
	 
	 	(g)	 	Clause 5.3.2 (Further Advances) shall be deleted in its entirety and replaced
with the following:

	 	“5.3.2	 	(a) 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 of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.
	 
	 		 	(b) 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 Debenture as if set out in this Debenture.
	 
	 		 	(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in this
Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the new Additional Agreements (as defined in the First Lien Intercreditor
Agreement) as a result of the Secured Notes Designation.

-3-

 

	4.	 	This Deed is supplemental to and shall be construed as one with the Debenture and all
documents or instruments which are expressed to supplement the Debenture shall be construed
accordingly.
	 
	5.	 	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.
	 
	6.	 	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.
	 
	7.	 	The courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”) arising
out of, or connected with this Deed (including a dispute regarding the existence, validity or
termination of this Deed or the consequences of its nullity) or any non-contractual
obligations arising out of or in connection with this Deed.
	 
	8.	 	The parties agree that the courts of England are the most appropriate and convenient courts
to settle Disputes between them and, accordingly, that they will not argue to the contrary.
	 
	9.	 	Clauses 7 to 9 (inclusive) of this Deed are for the benefit of the Collateral Agent only. As
a result and notwithstanding Clause 7, it does not prevent the Collateral Agent from taking
proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed
by law, the Collateral Agent may take concurrent proceedings in any number of jurisdictions

-4-

 

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

	 	 	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signed as a deed by

	 	 	 	 	)	 	 	 
	Karen Mower

	 	 	 	 	)	 	 	 
	as attorney for

	 	 	 	 	)	 	 	 
	Kama Europe Limited

	 	 	 	 	)	 	 	 
	in the presence of:

	 	 	 	 	)	 	 	/s/ Karen Mower
	 
	 	 	 	 	 	 	 	 
	Signature of witness

	 	/s/ Nathan Parker	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name of witness

	 	Nathan Parker	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Address of witness

	 	[________________]	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Occupation of witness

	 	Solicitor	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	The Collateral Agent
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Signed by

	 	 	 	 	)	 	 	 
	THE BANK OF NEW YORK MELLON	 	 	)	 	 	 

	 	 	 	 	 
	 	 	 
	By:  	/s/ Catherine F. Dononue
 	 	 
	 	Name:  	Catherine F. Dononue 	 	 
	 	 	 	 

	 	 	 

	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

-5-

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