Document:

Exhibit

EXHIBIT 4.1

INCREMENTAL Amendment No. 1
INCREMENTAL AMENDMENT NO. 1 to Amended and RESTATED CREDIT AGREEMENT, dated as of January 29, 2018 (this “Incremental Amendment No. 1”), among CROWN AMERICAS LLC, a Pennsylvania limited liability company (“U.S. Borrower”), CROWN EUROPEAN HOLDINGS S.A., a corporation organized under the laws of France (“European Borrower”), each of the Subsidiary Borrowers party hereto, CROWN METAL PACKAGING CANADA LP, a limited partnership organized under the laws of the Province of Ontario, Canada (“Canadian Borrower”, and together with U.S. Borrower, European Borrower and the Subsidiary Borrowers party hereto, “Borrowers”), CROWN CORK & SEAL COMPANY, INC., a Pennsylvania corporation (“CCSC”), CROWN HOLDINGS, INC. a Pennsylvania corporation (“Crown Holdings”), and CROWN INTERNATIONAL HOLDINGS, INC., a Delaware corporation (“Crown International”, and together with CCSC and Crown Holdings, “Parent Guarantors”), each other Credit Party party hereto, DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent for certain Lenders (as defined in the Credit Agreement (as defined below)) (in such capacity, the “Administrative Agent”), DEUTSCHE BANK AG, LONDON BRANCH, as U.K. administrative agent for certain Lenders (in such capacity, “U.K. Administrative Agent”), DEUTSCHE BANK AG, CANADA BRANCH, as Canadian administrative agent for certain Lenders (in such capacity, “Canadian Administrative Agent”), the undersigned Additional Term A Lenders (as defined below), the undersigned Term Loan B Lenders (as defined below) and the Increase Revolving Lenders (as defined below), to that certain Amended and Restated Credit Agreement, dated as of April 7, 2017, as amended by that certain First Amendment to Amended and Restated Credit Agreement, dated as of December 28, 2017 (the “First Amendment”) (as further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”).  All capitalized terms used and not otherwise defined herein shall have the same meanings as set forth in the Credit Agreement.

RECITALS:
WHEREAS, (x) the U.S. Borrower has hereby notified the Administrative Agent that it is requesting Additional Term A Loans and Additional Term B Loans pursuant to Section 2.9(a) of the Credit Agreement and (y) the European Borrower has hereby notified the U.K. Administrative Agent that it is requesting Additional Term B Loans pursuant to Section 2.9(a) of the Credit Agreement;
WHEREAS, pursuant to Section 2.9 of the Credit Agreement, (i) the U.S. Borrower may establish an Additional Facility (the “Additional Term A Facility”, and the lenders thereunder, the “Additional Term A Lenders”) to provide Additional Term A Loans by, among other things, entering into one or more amendments pursuant to the terms and conditions of the Credit Agreement with each Additional Term A Lender agreeing to provide such Additional Term A Loans and (ii) (x) the U.S. Borrower may establish an Additional Facility (the “Dollar Term Loan B Facility”) to provide Additional Term B Loans (the “Dollar Term B Loans”) and (y) the European Borrower may establish an Additional Facility (the “Euro Term Loan B Facility”, and together with the Dollar Term Loan B Facility, the “Term Loan B Facilities”) to provide Additional Term B Loans (the “Euro Term B Loans”, and together with the Dollar Term B Loans, the “Term B Loans”) by, among other things, entering into one or more amendments pursuant to the terms and conditions of the Credit Agreement with each Lender agreeing to provide such Term B Loans (each such Lender and any assignees thereof,  with respect to the Dollar Term B Loans, a “Dollar Term Loan B Lender” and, with respect to the Euro Term B Loans, a “Euro Term Loan B Lender”, and, collectively, the “Term Loan B Lenders”);

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WHEREAS, the U.S. Borrower has requested the borrowing of $100,000,000 of Additional Term A Loans and $1,150,000,000 of Dollar Term B Loans and the European Borrower has requested the borrowing of €750,000,000 of Euro Term B Loans, together with cash on hand, borrowings under the revolving facility under the Credit Agreement and/or any other Permitted Signode Acquisition Debt, solely to (i) pay the consideration for the Signode Acquisition, (ii) refinance all of the existing indebtedness for borrowed money set forth on Schedule 3 hereto (the “Signode Refinancing”) of the business acquired pursuant to the Signode Acquisition Agreement (the “Acquired Business”) and (iii) pay costs and expenses related to the foregoing and the Permitted Signode Acquisition Debt (collectively, the “Signode Transactions”); 
WHEREAS, pursuant to Section 2(h) of the First Amendment, the Credit Agreement was amended to permit (x) an increase in the Multicurrency Revolving Commitments (the “Multicurrency Revolving Commitments Increase”) and/or (y) an increase in the Dollar Revolving Commitments (the “Dollar Revolving Commitments Increase”, and together with the Multicurrency Revolving Commitments Increase, the “Revolving Commitments Increase”) in an aggregate principal amount of $250,000,000 (the Revolving Commitments Increase, together with the Additional Term A Facility and the Term Loan B Facilities, the “Additional Signode Facilities”);
WHEREAS, (x) the U.S. Borrower has notified the Administrative Agent that it is increasing the Dollar Revolving Commitments in an aggregate principal amount of $20,000,000, pursuant to the First Amendment, which shall be in the form of an increase to the Dollar Revolving Commitments outstanding under the Credit Agreement immediately prior to the effectiveness of this Incremental Amendment No. 1 (the “Existing Dollar Revolving Commitments”) and shall have the same terms as, and form a single class with, the Existing Dollar Revolving Commitments, subject to the terms and conditions set forth herein and (y) the European Borrower has notified the U.K. Administrative Agent that it is increasing the Multicurrency Revolving Commitments in an aggregate principal amount of $230,000,000, pursuant to the First Amendment, which shall be in the form of an increase to the Multicurrency Revolving Commitments outstanding under the Credit Agreement immediately prior to the effectiveness of this Incremental Amendment No. 1 (the “Existing Multicurrency Revolving Commitments”) and shall have the same terms as, and form a single class with, the Existing Multicurrency Revolving Commitments, subject to the terms and conditions set forth herein;
WHEREAS, the proceeds of the Revolving Commitments Increase will be used on or after the Incremental Amendment No. 1 Effective Date (as defined below) by Crown Holdings and each of its subsidiaries for working capital and other general corporate purposes;
WHEREAS, each Additional Term A Lender has agreed to make the full amount of Additional Term A Loans set forth opposite such Additional Term A Lender’s name in Schedule 1 hereto on the terms set forth herein;
WHEREAS, the initial Dollar Term Loan B Lender has agreed to make the full amount of Dollar Term B Loans on the terms set forth herein; 
WHEREAS, the initial Euro Term Loan B Lender has agreed to make the full amount of Euro Term B Loans on the terms set forth herein; 
WHEREAS, each Person identified on Schedule 2 hereto, as updated pursuant to Section 6(a)(i), (each, an “Increase Revolving Lender”, and collectively, the “Increase Revolving Lenders”) has agreed (on a several and not a joint basis), subject to the terms and conditions set forth herein and in the Credit Agreement, to provide a Revolving Commitments Increase in the amount set forth opposite such Increase Revolving Lender’s name on Schedule 2 hereto, as updated pursuant to Section 6(a)(i); and

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WHEREAS, pursuant to Section 2.9(b) of the Credit Agreement and/or Section 2(h) of the First Amendment, as applicable, the Borrowers, the Additional Term A Lenders, the Term Loan B Lenders, the Increase Revolving Lenders and the Administrative Agent may amend the Credit Agreement and the other Loan Documents to reflect, among other things, changes necessary or appropriate to give effect to the Additional Signode Facilities and the Borrowers and the Administrative Agent, together with the Additional Term A Lenders, the Term Loan B Lenders and the Increase Revolving Lenders, desire to amend the Credit Agreement pursuant to Section 2.9(b) of the Credit Agreement and/or Section 2(h) of the First Amendment, as applicable, as set forth below in Section 4 hereof.
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
		
	SECTION 1.
	Additional Term A Loans.

Subject to the terms and conditions set forth herein, each Additional Term A Lender (i) that is not a Lender immediately prior to the Incremental Amendment No. 1 Effective Date acknowledges and agrees that it shall be a “Term Loan A Lender” and a “Lender” under and for all purposes of the Credit Agreement and the other Loan Documents and shall be subject to and bound by the terms thereof and shall perform all the obligations of and shall have all rights of a Lender thereunder and (ii) agrees to make Additional Term A Loans to the U.S. Borrower in an aggregate amount not to exceed the amount set forth opposite such Additional Term A Lender’s name in Schedule 1 hereto.  The Additional Term A Loans will be an increase in the Term A Loans outstanding immediately prior to the Incremental Amendment No. 1 Effective Date (the “Existing Term A Loans”).  The Additional Term A Loans shall have identical terms (including, without limitation, as to interest, maturity, premiums and repayments) as the Existing Term A Loans and will constitute “Term A Loans” for all purposes under the Credit Agreement and the other Loan Documents (including, without limitation, for purposes of the definition of “Scheduled Term Loan A Repayments”, and the Additional Term A Loans shall be deemed to have been incurred as of the Closing Date for purposes of such definition).  The aggregate amount of the Additional Term A Loans made under this Incremental Amendment No. 1 shall be $100,000,000.  
		
	SECTION 2.
	Term B Loans.

Subject to the terms and conditions set forth herein, the initial Dollar Term Loan B Lender agrees to make Dollar Term B Loans to the U.S. Borrower and the initial Euro Term Loan B Lender agrees to make Euro Term B Loans to the European Borrower, in each case, in an aggregate amount not to exceed the amount set forth opposite such Term Loan B Lender’s name in Schedule 1 hereto.  Except as set forth in this Incremental Amendment No. 1, the Term B Loans shall have identical terms as the Term Loans outstanding immediately prior to the Incremental Amendment No. 1 Effective Date; and the Term B Loans shall otherwise be subject to the provisions, including any provisions restricting the rights, or regarding the obligations, of the Credit Parties or any provisions regarding the rights of the Term Lenders, of the Credit Agreement and the other Loan Documents and, other than with respect to Section 6.8 of the Credit Agreement, each reference to a “Term Loan” or “Term Loans” in the Credit Agreement shall be deemed to include the Term B Loans unless otherwise stated herein and other related terms will have correlative meanings, mutatis mutandis, and the Term Loan B Facilities shall each constitute a “Facility” for all purposes under the Credit Agreement.
		
	SECTION 3.
	Revolving Commitments Increase.

(a)The Borrowers and each Increase Revolving Lender hereby agree that, subject to the satisfaction of the conditions in Section 6 hereof, on the Incremental Amendment No. 1 Effective Date, the Revolving Commitments Increase of such Increase Revolving Lender shall become effective and the Multicurrency Revolving

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Commitments and the Dollar Revolving Commitments, as applicable, shall be deemed increased by the amount of the Multicurrency Revolving Commitments Increase and Dollar Revolving Commitments Increase, as applicable, of such Increase Revolving Lenders in the amounts set forth on Schedule 2 hereto, as updated pursuant to Section 6(a)(i).  The Revolving Commitments Increase shall be “Revolving Commitments” for all purposes under the Credit Agreement and each of the other Loan Documents and shall be of the same class as, and shall have identical terms as, the Revolving Commitments outstanding under the Credit Agreement immediately prior to the Incremental Amendment No. 1 Effective Date.

(b)Each Increase Revolving Lender that is not a Lender or a Revolving Lender immediately prior to the Incremental Amendment No. 1 Effective Date acknowledges and agrees that upon the Incremental Amendment No. 1 Effective Date, such Increase Revolving Lender shall be a “Revolving Lender” and a “Lender” under, and for all purposes of, the Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.

(c)The reallocation of the Revolving Lenders’ Revolving Loans and participations held by Revolving Lenders in the LC Obligations and Swing Line Loans immediately prior to the increase contemplated by Section 2.9(c) of the Credit Agreement with respect to any increase in the Revolving Commitments shall occur on the Incremental Amendment No. 1 Effective Date, and on the Incremental Amendment No. 1 Effective Date the Borrowers shall prepay any Revolving Loans outstanding immediately prior to the increase  to be financed with a concurrent borrowing of Revolving Loans from Revolving Lenders in accordance with their Revolver Pro Rata Share after giving effect to the Revolving Commitments Increase.

SECTION 4.Amendments.

Effective as of the Incremental Amendment No. 1 Effective Date, and subject to the terms and conditions set forth herein, the Credit Agreement is hereby amended as follows:
(a)The Preamble of the Credit Agreement is amended by adding (i) “, Euro Term Loan B Lenders” after “the Multicurrency Revolving Lenders” and (ii) “, Dollar Term Loan B Lenders” after “the Dollar Revolving Lenders”. 

(b)Section 1.1 of the Credit Agreement is amended by adding in the appropriate alphabetical order the following new definitions:

 “Dollar Term Loan B” or “Dollar Term B Loans” has the meaning set forth in Section 2.1(a)(iii).
“Dollar Term Loan B Commitment” means, with respect to any Lender, the principal amount set forth opposite such Lender’s name in the Register or in any Assignment and Assumption Agreement under the caption “Amount of Dollar Term Loan B Commitment,” which commitment as of the Incremental Amendment No. 1 Effective Date is the amount set forth opposite such Lender’s name on Schedule 1 to the Incremental Amendment No. 1 under the caption “Dollar Term Loan B Commitments” as the same may be adjusted from time to time pursuant to the terms hereof, and “Dollar Term Loan B Commitments” means such commitments collectively, which commitments equal $1,150,000,000 in the aggregate as of the Incremental Amendment No. 1 Effective Date.

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“Dollar Term Loan B Facility” has the meaning set forth in Incremental Amendment No. 1. 
“Dollar Term Loan B Lender” means any Lender which has a Dollar Term Loan B Commitment or is owed a Dollar Term Loan B (or a portion thereof).
“Dollar Term Loan B Maturity Date” means the date that is the seventh anniversary of the Incremental Amendment No. 1 Effective Date.
“Effective Yield” means, as to any Loans of any class, the effective yield on such Loans, taking into account the applicable interest rate margins, any interest rate floors or similar devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (x) the original stated life of such Loans and (y) the four years following the date of incurrence thereof) incurred by the Borrower and payable ratably to all Lenders making such Loans, but excluding any prepayment premium, arrangement fees, syndication fees, structuring fees, commitment fees, underwriting fees, placement fees, success fees, advisory fees, ticking and unused line fees, consent or amendment fees and any other fees payable in connection therewith (regardless of whether shared or paid, in whole or in part, with or to any or all Lenders making such Loans) and any other fees that are not paid ratably to all relevant Lenders; provided that if any increase in the Effective Yield applicable to any Loans of any class then outstanding is required due to the application of an interest rate floor, such increase shall be effected solely through an increase in such floor (or the implementation of a floor), as applicable.
“Euro Term Loan B” or “Euro Term B Loans” has the meaning set forth in Section 2.1(a)(iv).
“Euro Term Loan B Commitment” means, with respect to any Lender, the principal amount set forth opposite such Lender’s name in the Register or in any Assignment and Assumption Agreement under the caption “Amount of Euro Term Loan B Commitment,” which commitment as of the Incremental Amendment No. 1 Effective Date is the amount set forth opposite such Lender’s name on Schedule 1 to the Incremental Amendment No. 1 under the caption “Euro Term Loan B Commitments” as the same may be adjusted from time to time pursuant to the terms hereof, and “Euro Term Loan B Commitments” means such commitments collectively, which commitments equal €750,000,000 in the aggregate as of the Incremental Amendment No. 1 Effective Date.
“Euro Term Loan B Facility” has the meaning set forth in the Incremental Amendment No. 1.
“Euro Term Loan B Lender” means any Lender which has a Euro Term Loan B Commitment or is owed a Euro Term Loan B (or a portion thereof).
“Euro Term Loan B Maturity Date” means the date that is the seventh anniversary of the Incremental Amendment No. 1 Effective Date.
“Increase Revolving Lenders” has the meaning set forth in Incremental Amendment No. 1.
“Incremental Amendment No. 1” means the Incremental Amendment No. 1 to this Agreement, dated as of January 29, 2018, among the Borrowers, the Guarantors, the Administrative Agent, the U.K. Administrative Agent, the Canadian Administrative Agent, the Additional Term A Lenders (as defined therein), the initial Dollar Term Loan B Lender, the initial Euro Term Loan B Lender and the Increase Revolving Lenders.

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“Incremental Amendment No. 1 Effective Date” has the meaning set forth in Incremental Amendment No. 1.
“Interest Coverage Ratio” means, for any period, the ratio of Consolidated EBITDA of Crown Holdings and its Subsidiaries to Consolidated Interest Expense of Crown Holdings and its Subsidiaries for such period.
“Scheduled Dollar Term Loan B Repayments” means, with respect to the principal payments on the Dollar Term B Loans, equal to (i) 0.25% of the aggregate principal amount of Dollar Term B Loans outstanding on the last day of each March, June, September and December, commencing the last day of the first full calendar quarter following the Incremental Amendment No. 1 Effective Date, as reduced from time to time pursuant to Sections 4.3 and 4.4 and (ii) the aggregate principal amount of all Dollar Term B Loans outstanding on the Dollar Term Loan B Maturity Date.
“Scheduled Euro Term Loan B Repayments” means, with respect to the principal payments on the Euro Term B Loans, equal to (i) 0.25% of the aggregate principal amount of Euro Term B Loans outstanding on the last day of each March, June, September and December, commencing the last day of the first full calendar quarter following the Incremental Amendment No. 1 Effective Date, as reduced from time to time pursuant to Sections 4.3 and 4.4 and (ii) the aggregate principal amount of all Euro Term B Loans outstanding on the Euro Term Loan B Maturity Date.
“Term B Loans” has the meaning set forth in  Incremental Amendment No. 1. 
“Term Loan B Facilities” has the meaning set forth in Incremental Amendment No. 1.  
“Term Loan B Repricing Transaction” means the prepayment, refinancing, substitution or replacement of all or a portion of any Term Loan B Facility with the incurrence by Crown Holdings, U.S. Borrower, European Borrower or any Subsidiary Credit Party of any new or replacement tranche of term loans having an Effective Yield that is less than the Effective Yield of such Term Loan B Facility so repaid, refinanced, substituted or replaced (excluding any replacement term loans incurred in connection with a Change of Control or Transformative Acquisition), including without limitation, as may be effected through any amendment to this Agreement relating to the interest rate for, or weighted average yield of, such Term Loan B Facility.
“Transformative Acquisition” means any acquisition by any Credit Party that is either (a) not permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition or (b) if permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition, would not provide the Credit Parties with adequate flexibility under the Loan Documents for the continuation and/or expansion of their combined operations following such consummation, as determined by Crown Holdings acting in good faith.
(c)The definition of “Applicable Base Rate Margin” in Section 1.1 of the Credit Agreement is hereby amended by replacing the “and” before “(ii)” with “,” and adding the below immediately following clause (ii):

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and, (iii) with respect to Dollar Term B Loans, 1.00%.
(d)The definition of “Applicable Eurocurrency Margin” in Section 1.1 of the Credit Agreement is hereby amended by replacing the “and” before “(ii)” with “,” and adding the below immediately following clause (ii):
, (iii) with respect to Dollar Term B Loans, 2.00% and (iv) with respect to the Euro Term B Loans, 2.375%.
(e)The definition of “Standard Financing Conditions” in Section 1.1 of the Credit Agreement is hereby amended by replacing the “and” before “(iii)” with “,” and adding the below immediately following clause (iii):

and (iv) so long as any Term B Loans remain outstanding, as of the date on which such Indebtedness is incurred or created and after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis for the period of four Fiscal Quarters for which financial statements pursuant to Section 7.1 immediately preceding the date on which such Indebtedness is incurred or created, the Interest Coverage Ratio is not less than 2.00 to 1.00.
(f)Section 2.1(a) of the Credit Agreement is hereby amended by adding the below immediately following clause (ii):

(iii)    Dollar Term Loan B Facility.  Each Dollar Term Loan B Lender, severally and for itself alone, hereby agrees, on the terms and subject to the terms and conditions set forth in the Incremental Amendment No. 1 to make a loan (each such loan, a “Dollar Term Loan B” and collectively, the “Dollar Term B Loans”) to U.S. Borrower on the Incremental Amendment No. 1 Effective Date in an aggregate principal amount equal to the Dollar Term Loan B Commitment of such Lender.  The Dollar Term B Loans (i) shall be incurred by U.S. Borrower pursuant to a single drawing, (ii) shall be denominated in Dollars and (iii) shall not exceed for any Lender at the time of incurrence thereof on the Incremental Amendment No. 1 Effective Date that aggregate principal amount which equals the Dollar Term Loan B Commitment, if any, of such Lender at such time.  Each Lender’s Dollar Term Loan B Commitment shall expire immediately and without further action on the Incremental Amendment No. 1 Effective Date, after giving effect to the Dollar Term B Loans made thereon.  No amount of any Dollar Term Loan B which is repaid or prepaid by U.S. Borrower may be reborrowed hereunder.
(iv)    Euro Term Loan B Facility.  Each Euro Term Loan B Lender, severally and for itself alone, hereby agrees, on the terms and subject to the terms and conditions set forth in the Incremental Amendment No. 1 to make a loan (each such loan, a “Euro Term Loan B” and collectively, the “Euro Term B Loans”) to European Borrower on the Incremental Amendment No. 1 Effective Date in an aggregate principal amount equal to the Euro Term Loan B Commitment of such Lender.  The Euro Term B Loans (i) shall be incurred by European Borrower pursuant to a single drawing, (ii) shall be denominated in Euros and (iii) shall not exceed for any Lender at the time of incurrence thereof on the Incremental Amendment No. 1 Effective Date that aggregate principal amount which equals the Euro Term Loan B Commitment, if any, of such Lender at such time.  Each Lender’s Euro Term Loan B Commitment shall expire immediately and without further action on the Incremental Amendment No. 1 Effective Date, after giving effect to the Euro Term B Loans made thereon.  No amount of any Euro Term Loan B which is repaid or prepaid by European Borrower may be reborrowed hereunder. 

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(g)Section 2.9(a) of the Credit Agreement is hereby amended by adding the below immediately before the first proviso of the first sentence of Section 2.9(a):

provided, that (i) to the extent that the Effective Yield applicable to any Additional Term B Loans incurred within 18 months of the Incremental Amendment No. 1 Effective Date denominated in Euros exceeds the lowest Effective Yield applicable to any Euro Term B Loans then outstanding under this Agreement prior to giving effect to such Additional Term B Loans by more than 0.50% per annum, then the interest rate or margin applicable to any such Euro Term B Loans then outstanding under this Agreement prior to giving effect to such Additional Term B Loans shall be increased to the extent necessary so that the Effective Yield of such existing Euro Term B Loans is equal to the Effective Yield of such Additional Term B Loans, minus 0.50% per annum and (ii) to the extent that the Effective Yield applicable to any Additional Term B Loans incurred within 18 months of the Incremental Amendment No. 1 Effective Date denominated in Dollars exceeds the lowest Effective Yield applicable to any Dollar Term B Loans then outstanding under this Agreement prior to giving effect to such Additional Term B Loans by more than 0.50% per annum, then the interest rate or margin applicable to any such Dollar Term B Loans then outstanding under this Agreement prior to giving effect to such Additional Term B Loans shall be increased to the extent necessary so that the Effective Yield of such existing Dollar Term B Loans is equal to the Effective Yield of such Additional Term B Loans, minus 0.50% per annum;
(h)The lead in to Section 4.3 of the Credit Agreement is hereby amended by adding “, subject to the requirements of Section 4.3(f),” immediately before “in whole or in part from time to time”.  

(i)Section 4.3 of the Credit Agreement is hereby amended by deleting the “and” after clause (d), replacing the “.” at the end of clause (e) with “; and” and adding the following as a new clause (f):

if, on or prior to the date that is six months after the Incremental Amendment No. 1 Effective Date, Crown Holdings, U.S. Borrower or European Borrower (x) prepays, refinances, substitutes or replaces any portion of either Term Loan B Facility in connection with a Term Loan B Repricing Transaction (including, for the avoidance of doubt, any prepayment made pursuant to Section 4.4 that constitutes a Term Loan B Repricing Transaction), or (y) effects any amendment of this Agreement or either Term Loan B Facility resulting in a Term Loan B Repricing Transaction, Crown Holdings, U.S. Borrower or European Borrower, as applicable, shall pay to the Administrative Agent or U.K. Administrative Agent, as applicable, for the ratable account of each of the applicable Term Loan B Lenders (including any Term Loan B Lender that refuses to consent to any amendment, amendment and restatement or other modification of this Agreement resulting in a Term Loan B Repricing Transaction and is replaced pursuant to Sections 3.7(b)(z) and 12.1(b) in connection with such Term Loan B Repricing Transaction), (I) in the case of clause (x), a prepayment premium of 1.00% of the aggregate principal amount of the portion of the Term Loan B Facility so prepaid, refinanced, substituted or replaced and (II) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the portion of the Term Loan B Facility outstanding immediately prior to such amendment.    Notwithstanding the terms of the Credit Agreement or any other Loan Document to the contrary, no prepayment premium under this Section 4.3(f) shall be owed in connection with any payment made pursuant to Section 4.4(g).
(j)Section 4.4 of the Credit Agreement is hereby amended by adding the below as new clause (g):

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If on the Incremental Amendment No. 1 Effective Date, any Persons, properties or assets intended to be acquired in the Signode Acquisition (in accordance with the terms of the Signode Acquisition Agreement as in effect on the Execution Date (as defined in Incremental Amendment No. 1)) shall not be acquired (the “Excluded Signode Assets”) and as a result the consideration paid on the Incremental Amendment No. 1 Effective Date for the Signode Acquisition  shall have been reduced (the amount of such reduction, the “Retained Signode Acquisition Proceeds”), then to the extent all or any portion of the Excluded Signode Assets shall not have been acquired by Crown Holdings and/or one of its Subsidiaries on or prior to August 15, 2018 (the “Signode Acquisition Cutoff Date”), the Borrowers shall cause to be prepaid, on or prior to the date which is five (5) Business Days after the Signode Acquisition Cutoff Date, an aggregate principal amount of Term B Loans in an amount equal to the Retained Signode Acquisition Proceeds that have not have been applied to acquire Excluded Signode Assets after the Incremental Amendment No. 1 Effective Date and on or prior to the Signode Acquisition Cutoff Date.
(k)Section 4.5(a) of the Credit Agreement is hereby amended by adding the below as a new sentence at the end of such subsection:

Notwithstanding anything to the contrary contained in this Section 4.5(a), any prepayment of principal made by the Borrowers pursuant to Section 4.4(g) shall be applied (x) to the payment of the unpaid principal amount of the Term B Loans and (y) to the Dollar Term B Loans and the Euro Term B Loans as selected by the Borrowers (in each case, within each Term Loan B Facility ratably to the remaining Scheduled Term Repayments thereof in forward maturity).
(l)Section 6.8 of the Credit Agreement is hereby amended by adding the below as new clause (d):

Incremental Amendment No. 1 Proceeds.  The proceeds of the Term B Loans on the Incremental Amendment No. 1 Effective Date shall be used by the U.S. Borrower and European Borrower to (i) pay the consideration for the Signode Acquisition, (ii) refinance all of the existing indebtedness for borrowed money of the business acquired pursuant to the Signode Acquisition Agreement and (iii) pay costs and expenses related to the foregoing. The Borrower shall use the proceeds of the Additional Term A Loans as set forth in the recitals to Incremental Amendment No. 1.
(m)Section 8.8(d) of the Credit Agreement is hereby amended and restated in its entirety as follows:

so long as (i) no Event of Default or Unmatured Event of Default has occurred and is continuing or would result therefrom and (ii) (x) so long as any Term B Loans remain outstanding, either (A) the Total Leverage Ratio is not greater than 5.00 to 1.00 or (B) if the Total Leverage Ratio is greater than 5.00 to 1.00, Restricted Payments made after the Incremental Amendment No. 1 Effective Date do not exceed $600,000,000 in the aggregate (provided that for purposes of determining compliance with this clause (x), in the event the proposed Restricted Payment meets the criteria of clause (A) or (B), the Borrower will be entitled to classify and later reclassify (based on circumstances existing on the date of such reclassification) such Restricted Payment (or portion thereof) among such clauses (A) and (B) in a manner that otherwise complies with this clause (x)) and (y) Crown Holdings and its Subsidiaries would be in compliance with Article IX, in each case of clause (ii), on a Pro Forma Basis for the period of four Fiscal Quarters ending with the most recently ended Fiscal Quarter of Crown Holdings for which financial statements have been delivered to the Administrative Agent pursuant to Section 7.1 both immediately before and immediately after giving effect to such Restricted Payment, Crown Holdings or any Subsidiary of Crown Holdings may make any Restricted Payment which would not result in a violation or a “Default” or “Event of Default” under any Public Debt Document (such terms or equivalent terms as defined in the applicable Public Debt Document) or any document governing any permitted refinancing thereof.

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(n)Section 10.1(c) of the Credit Agreement is hereby amended by inserting the below at the end of the clause:

; provided that (x) a default in due performance and observance of the obligations under Article IX shall not constitute an Event of Default for purposes of the Term B Loans, and the Lenders under the Term Loan B Facilities will not be permitted to exercise any remedies with respect to an uncured Event of Default pursuant to Section 10.1(c) (as it relates to Article IX) until the date, if any, on which the loans under the Revolving Facilities, the Term Loan A Facility and the Term Euro Facility have been accelerated as a result of such breach and (y) a default in due performance and observance of the obligations in either clause (iv) of the definition of “Standard Financing Conditions” or Section 8.8(d)(ii)(x)) shall not constitute an Event of Default for purposes of the Revolving Loans, the Term A Loans and the Term Euro Loans, and the Lenders under the Revolving Facilities, the Term Loan A Facility and the Term Euro Facility will not be permitted to exercise any remedies with respect to an uncured Event of Default pursuant to Section 10.1(c) until the date, if any, on which the Term Loan B Facilities have been accelerated as a result of such breach.
(o)Section 12.1 is amended by adding the below as a new clause (h):

Notwithstanding the foregoing, amendments and waivers of Article IX (or any of financial definitions included in (and for purposes of) Article IX) will require only the consent of the Majority Lenders under the Revolving Facilities, the Term Loan A Facility and the Term Euro Facility and no other consents or approvals from any Lender shall be required.
(p)Section 12.1 is amended by adding the below as a new clause (i):

Notwithstanding the foregoing, amendments and waivers of clause (iv) of the definition of “Standard Financing Conditions” and Section 8.8(d)(ii)(x) will require only the consent of the Majority Lenders under the Term Loan B Facilities and no other consents or approvals from any Lender shall be required.
SECTION 5.Representations and Warranties.  Each Credit Party represents and warrants to the Additional Term A Lenders, the Term Loan B Lenders and Increase Revolving Lenders as of the date hereof that:

(a)(i) Each Credit Party has the right and power and is duly authorized to execute this Incremental Amendment No. 1 and to perform and observe the provisions of this Incremental Amendment No. 1, (ii) this Incremental Amendment No. 1 has been duly executed and delivered by each Credit Party and is the legal, valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting the enforceability of creditors’ rights generally and to general principles of equity, and (iii) the execution, delivery and performance by each Credit Party of this Incremental Amendment No. 1, does not and will not (A) contravene the terms of any of such Credit Party’s Organic Documents; (B) conflict with or result in any breach or contravention of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien (other than Liens permitted under Section 8.2 of the Credit Agreement) pursuant to, (1) any Contractual Obligation to which such Credit Party is a party or affecting such Credit Party or the properties of such Credit Party or any of its Subsidiaries or (2) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which the such Credit Party or its property is subject; or (C) violate any Law, except in each case referred to in clause (B)(1), (B)(2) or (C), to the extent that such contravention or violation could not reasonably be expected to have a Material Adverse Effect.

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(b)Except to the extent the failure to obtain or make the same would not reasonably be expected to have a Material Adverse Effect, no order, consent, approval, license, authorization or validation of, or filing, recording or registration with (except for (x) those that have otherwise been obtained or made on or prior to the Incremental Amendment No. 1 Effective Date and which remain in full force and effect on the Incremental Amendment No. 1 Effective Date and (y) filings which are necessary to perfect the security interests created under the Security Documents), or exemption by, any governmental or public body or authority, or any subdivision thereof, is required to be obtained or made by, or on behalf of, any Credit Party to authorize, or is required to be obtained or made by, or on behalf of, any Credit Party in connection with, the execution, delivery and performance of this Incremental Amendment No. 1.

SECTION 6.Conditions to Effectiveness to the Incremental Amendment No. 1 and funding of the Additional Term A Loans, the Term B Loans and Revolving Commitments Increase.

(a)This Incremental Amendment No. 1 shall become effective on the date (such date, if any, the “Execution Date”) that the following conditions have been satisfied; provided that this Incremental Amendment No. 1 shall not become operative, the Additional Term A Lenders shall not be required to make Additional Term A Loans, the Term Loan B Lenders shall not be required to make Term B Loans pursuant to this Incremental Amendment No. 1 and the Revolving Commitments Increase shall not be operative until each of the conditions set forth in clause (b) below have been satisfied in accordance with their terms:

(i)Execution.  The Agents shall have received executed signature pages hereto from the Additional Term A Lenders, the initial Dollar Term Loan B Lender, the initial Euro Term Loan B Lender, the Increase Revolving Lenders (other than Mizuho Bank Europe N.V.), the U.S. Borrower, European Borrower and each other Credit Party party hereto; provided that if the Agents do not receive Mizuho Bank Europe N.V.’s executed signature page on or prior to the Incremental Amendment No. 1 Effective Date, then, effective as of the Incremental Amendment No. 1 Effective Date, Mizuho Bank Europe N.V.’s portion of the Revolving Commitments Increase may be, in whole or in part, (a) syndicated, allocated, assigned or otherwise designated to one or more Eligible Assignees reasonably acceptable to the Borrower and the Agents, and each such Eligible Assignee shall submit an executed signature page hereto and be deemed to be an “Increase Revolving Lender” under and for all purposes of this Amendment and shall be subject to and bound by the terms hereof and shall perform all the obligations of and shall have all rights of an Increase Revolving Lender hereunder and/or (b) at the Borrower’s election in its sole discretion, converted into a Dollar Revolving Commitments Increase, and Mizuho Bank Europe N.V. and/or one or more affiliates thereof shall submit executed signature pages hereto with respect to such Dollar Revolving Commitments Increase.  Upon receipt of any such signature page, Schedule 2 hereto shall be updated to remove Mizuho Bank Europe N.V. and its portion of the Multicurrency Revolving Commitments Increase, and to reflect such Eligible Assignees and their respective portions of the Revolving Commitments Increase and/or Dollar Revolving Commitments Increase of Mizuho Bank Europe N.V. and/or one or more affiliates thereof, as applicable.  Each Lender that submits an executed counterpart hereto acknowledges and agrees that in the absence of a change to the terms and conditions of this Amendment, in each case that is (x) materially adverse to the Lenders and (y) made after the submission of executed counterpart, such submission is irrevocable.  For the avoidance of doubt, each Lender acknowledges and agrees that any change made to this Amendment pursuant to this paragraph shall not permit the revocation of such submission.

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(b)This Incremental Amendment No. 1 shall become operative on, and the obligation of the Additional Term A Lenders to make Additional Term A Loans and the Term Loan B Lenders to make Term B Loans shall be subject to, and the Revolving Commitments Increase shall become operative on, the date (such date, if any, the “Incremental Amendment No. 1 Effective Date”) on which each of the following conditions have been satisfied (provided that if such conditions are not satisfied, waived or extended on or prior to the earlier of (x) August 15, 2018 and (y) the time at which the Signode Acquisition Agreement is terminated in accordance with its terms, this Incremental Amendment No. 1 shall terminate and no longer be in effect):

(i)Certain Documents.  The Administrative Agent shall have received each of the following, each dated the Incremental Amendment No. 1 Effective Date unless otherwise indicated or agreed to by the Administrative Agent and each in form and substance reasonably satisfactory to the Administrative Agent:

(1)a certificate of the secretary or assistant secretary (or, if no secretary or assistant secretary exists, a Responsible Officer or, if customary in the applicable jurisdiction, any director) of each Credit Party substantially in the form of Exhibit 5.1(e)(ii) to the Credit Agreement with appropriate insertions, as to the incumbency and signature of the officers of each such Credit Party executing any Loan Document (in customary form and substance) and any certificate or other document or instrument to be delivered pursuant hereto or thereto by or on behalf of such Credit Party, together with evidence of the incumbency of such secretary or assistant secretary (or, if no secretary or assistant secretary exists, such Responsible Officer or director, as applicable), and certifying as true and correct, attached copies of the Certificate of Incorporation, Certificate of Amalgamation or other equivalent document (certified as of recent date by the Secretary of State or other comparable authority where customary in such jurisdiction) and By-Laws (or other Organic Documents of such Credit Party) and the resolutions of such Credit Party and, to the extent required, of the equity holders of such Credit Party, referred to in such certificate and all of the foregoing (including each such Certificate of Incorporation, Certificate of Amalgamation or other equivalent document and By-Laws (or other Organic Documents));

(2)A customary good standing certificate or certificate of status or comparable certificate of each Credit Party and the Acquired Business from the Secretary of State (or other governmental authority) of its state, territory or province of organization or such equivalent document issued by any foreign Governmental Authority if applicable in such foreign jurisdiction;

(3)A solvency certificate substantially in the form of Exhibit 5.1(e)(iv) to the Credit Agreement, and signed by the chief financial officer, chief accounting officer or other officer with equivalent duties of Crown Holdings confirming the solvency of Crown Holdings and its Subsidiaries, on a consolidated basis after giving effect to the Signode Transactions (in each case, in accordance with the terms of the Signode Acquisition Agreement as in effect on the Execution Date);

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(4)A pro forma consolidated balance sheet and related pro forma consolidated statement of income of Crown Holdings as of and for the twelve-month period ending on the last day of the most recently completed four-fiscal quarter period for which financial statements have been delivered under clause (i) of the immediately following paragraph (5), prepared after giving effect to the Signode Transactions as if the Signode Transactions (in each case, in accordance with the terms of the Signode Acquisition Agreement as in effect on the Execution Date) had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of income);

(5)(i) (a) to the extent the Incremental Amendment No. 1 Effective Date occurs on or after April 1, 2018, audited consolidated balance sheets of Crown Holdings and related statements of income, changes in equity and cash flows of Crown Holdings for the fiscal year ended December 31, 2017 and (b) unaudited consolidated balance sheets and related statements of income, changes in equity and cash flows of Crown Holdings for each subsequent fiscal quarter (other than the fourth fiscal quarter of Crown Holdings’s fiscal year) after the date of the most recent financial statements delivered pursuant to clause (a) above and ended at least 45 days before the Incremental Amendment No. 1 Effective Date; provided that filing of the required financial statements on form 10-K and form 10-Q by Crown Holdings will satisfy the foregoing requirements with respect to Crown Holdings and its subsidiaries and (ii) (a) audited consolidated balance sheets of the Acquired Business and related statements of income, changes in equity and cash flows of the Acquired Business for the three most recent fiscal years ended at least 90 days prior to the Incremental Amendment No. 1 Effective Date and (b) unaudited consolidated balance sheets and related statements of income, changes in equity and cash flows of the Acquired Business for each subsequent fiscal quarter (other than the fourth fiscal quarter of the Acquired Business’s fiscal year) after the date of the most recent financial statements delivered pursuant to clause (ii)(a) above and ended at least 45 days before the Incremental Amendment No. 1 Effective Date;  

(6)(i) a favorable opinion of Dechert LLP in form and substance satisfactory to the Administrative Agent and (ii) favorable opinions of local counsel to the Credit Parties party hereto in form and substance satisfactory to the Administrative Agent; and

(7)a certificate executed by a Responsible Officer of the U.S. Borrower, certifying satisfaction of the conditions precedent set forth in Sections 6(b)(ii)(1), (iii), (vi) and (vii).

(ii)Representations and Warranties.  (1) The Specified Representations shall be true and correct in all material respects (or true and correct in all material respects as of a specified date, if earlier) (other than to the extent qualified by materiality or “Material Adverse Effect”, in which case, such representations and warranties shall be true and correct) on and as of the Incremental Amendment No. 1 Effective Date.  (2) The representations and warranties made by the Acquired Business with respect to the Acquired Business and its Subsidiaries in the Signode Acquisition Agreement that are material to the interests of the Lenders shall be true and correct in all material respects (or true and correct in all material respects as of a specified date, if earlier) (other than to the extent qualified by materiality or “Material Adverse Effect”, in which case, such representations and warranties shall be true and correct), but only to the extent that Crown Holdings has the right to terminate its obligations under the Signode Acquisition Agreement as a result of a breach of such representations and warranties.

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(iii)No Default.  No Event of Default pursuant to either Sections 10.1(a) or (i) of the Credit Agreement shall have occurred or be continuing.

(iv)Fees and Expenses Paid.  All fees required to be paid on the Incremental Amendment No. 1 Effective Date pursuant to the Fee Letter, dated as of December 19, 2017, among Crown Holdings, the U.S. Borrower, the European Borrower and Citigroup Global Markets Inc., and reasonable out-of-pocket expenses required to be paid on the Incremental Amendment No. 1 Effective Date pursuant to the Commitment Letter, dated as of December 19, 2017, among Crown Holdings, the U.S. Borrower, the European Borrower and Citigroup Global Markets Inc., to the extent invoiced at least three (3) Business Days prior to the Incremental Amendment No. 1 Effective Date (except as otherwise reasonably agreed by the U.S. Borrower), to the Lead Arrangers, Additional Term A Lenders, Term Loan B Lenders or Increase Revolving Lenders, shall, upon the borrowing under the Additional Term A Facility and Term Loan B Facilities and effectiveness of the Revolving Commitments Increase, have been paid (which amounts may be offset against the proceeds of the Additional Term A Facility, Term Loan B Facilities or Revolving Loans, as applicable).  The Term Loan B Lenders hereby confirm that no upfront fees will be (or are required to be) paid in connection with the Term Loan B Facilities.

(v)Signode Acquisition.  Crown Holdings and/or one or more of its Subsidiaries shall have consummated, or substantially simultaneously with the borrowing under the Additional Term A Facility and the Term Loan B Facilities, shall consummate, the acquisition of a portion of the Acquired Business comprising no less than 80% of the net sales generated by the Acquired Business for the twelve months ended September 30, 2017.

(vi)No Material Adverse Effect.  Since December 19, 2017 there has not occurred any Company Material Adverse Effect (as defined in the Signode Acquisition Agreement).

(vii)Signode Refinancing.  The Signode Refinancing shall have been consummated or substantially concurrently with the initial borrowings under the Additional Term A Facility and Term Loan B Facilities, shall be consummated.

(viii)USA Patriot Act.  Each of the Additional Term A Lenders, Term Loan B Lenders and Increase Revolving Lenders shall have received, at least five (5) Business Days prior to the Incremental Amendment No. 1 Effective Date (to the extent reasonably requested in writing by such Lenders on a timely basis at least ten (10) Business Days prior to the Incremental Amendment No. 1 Effective Date), all documentation and other information about the Borrowers and the Guarantors as such Lenders reasonably determine is required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act.

(ix)Notice of Borrowing.  Prior to the making of the Additional Term A Loans and the Term B Loans on the Incremental Amendment No. 1 Effective Date, each applicable Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.5 of the Credit Agreement.

(x)Ticking Fee.  The Borrowers shall have paid (which amounts may be offset against the proceeds of the Term Loan B Facilities) to the applicable Agent for the account of each Lender with an allocated commitment under the applicable Term Loan B Facility a nonrefundable ticking fee (the “Ticking Fee”) accruing:

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(1)    from the 46th calendar day following the Execution Date through and including the 75th calendar day following the Execution Date, in an amount for such Lender equal to 50% of the Applicable Eurocurrency Margin with respect to the Term B Loans, and
(2)    from the 76th calendar day following the Execution Date, in an amount for such Lender equal to the Applicable Eurocurrency Margin with respect to the Term B Loans,
in each case, multiplied by the aggregate principal amount of the allocated commitments of such Lender under the Term Loan B Facilities and calculated on a daily basis for such period (in each case, computed on the basis of actual number of days elapsed over a 360-day year).  Accrued amounts under the Ticking Fee shall be due and payable in cash on the earlier of (a) the Incremental Amendment No. 1 Effective Date and (b) the time at which the Signode Acquisition Agreement has been irrevocably terminated.
(xi)U.S. Guarantees.  Each U.S. Material Subsidiary of Crown Holdings acquired in connection with the Signode Acquisition shall have (x) executed and delivered to Administrative Agent a counterpart of the U.S. Guarantee Agreement, (y) executed and delivered to the U.S. Collateral Agent a counterpart of the U.S. Security Agreement and the U.S. Pledge Agreement and (z) taken all such further actions and executed all such further documents and instruments (including actions, documents and certificates comparable to those described in Section 5.1(b) of the Credit Agreement) as may be necessary or, in the reasonable opinion of Administrative Agent, desirable to create in favor of U.S. Collateral Agent, for the benefit of the Secured Creditors, a valid and perfected first priority Lien on all of the property and assets (excluding, however, any Real Property) of such Subsidiary described in the applicable U.S. Security Documents.

SECTION 7.Post-Closing.    
To the extent not satisfied on the Incremental Amendment No. 1 Effective Date and unless such requirement is waived or extended, in the reasonable discretion of the Administrative Agent, Crown Holdings shall, and shall cause:
(a)Within sixty (60) days (or within such longer period of time that the U.S. Collateral Agent may agree in its sole discretion) after the Incremental Amendment No. 1 Effective Date, each U.S. Material Subsidiary to take all necessary action, including the filing of appropriate financing statements under the provisions of the UCC, applicable domestic or local laws, rules or regulations in each of the offices where such filing is necessary or appropriate, or entering into or amending the U.S. Guarantee Agreement, the U.S. Security Agreement or the U.S. Pledge Agreement, to grant to U.S. Collateral Agent for its benefit and the benefit of the Secured Creditors a perfected Lien (having the priority set forth in the U.S. Security Agreement or the U.S. Pledge Agreement, as applicable) on the Additional U.S. Collateral acquired in connection with the Signode Acquisition pursuant to and to the full extent required by the U.S. Security Agreement or the U.S. Pledge Agreement and the Credit Agreement (without regard to time periods) (including, without limitation, to the extent requested by the U.S. Collateral Agent, satisfaction of the conditions set forth in subsections (b) and (d)(ii) of Section 5.1 of the Credit Agreement);

(b)Within sixty (60) days (or within such longer period of time that the Euro Collateral Agent may agree in its sole discretion) after the Incremental Amendment No. 1 Effective Date (or, if such Subsidiary is an Excluded Signode Asset, after the date such Subsidiary is acquired), each Non-U.S. Guarantee Subsidiary of Crown Holdings acquired in connection with the Signode Acquisition (collectively, the “Signode Non-US Guarantee Subsidiaries”) to execute and deliver to the Administrative Agent a counterpart of the Non-U.S. Guarantee Agreement (or as required by local law, such local law equivalent document);

15

(c)Within sixty (60) days (or within such longer period of time that the Euro Collateral Agent may agree in its sole discretion) after the Incremental Amendment No. 1 Effective Date (or, if such Subsidiary is an Excluded Signode Asset, after the date such Subsidiary is acquired), (x) each Signode Non-US Guarantee Subsidiary that is a Specified Foreign Credit Party to execute and deliver to the Euro Collateral Agent such documents and instruments and take such further actions (including actions, documents and instruments comparable to those referred to in Section 5.1(b)(v) of the Credit Agreement) as may be necessary or, in the reasonable opinion of the Administrative Agent, desirable to create in favor of the Euro Collateral Agent for the benefit of the applicable Secured Creditors, a valid and perfected first priority Lien (subject to Permitted Liens) on the property and assets (excluding, however, any Real Property) of such Non-U.S. Subsidiary that would have constituted Euro Collateral on the Original Closing Date under the applicable Euro Security Documents of other Non-U.S. Guarantee Subsidiaries organized in the same jurisdiction to the extent legally permissible and (y) each Signode Non-US Guarantee Subsidiary that is not a Specified Foreign Credit Party, create in favor of the Euro Collateral Agent for the benefit of the applicable Secured Creditors, a valid and perfected first priority Lien (subject to Permitted Liens) on all Capital Stock of its Subsidiaries, together with executed and undated stock powers and/or assignments in blank or other instruments of transfer customary in the applicable jurisdiction and customary local law pledge agreements. 

(d)Within sixty (60) days (or within such longer period of time that the Euro Collateral Agent may agree in its sole discretion) after the Incremental Amendment No. 1 Effective Date (or, if such Subsidiary is an Excluded Signode Asset, after the date such Subsidiary is acquired), each appropriate Subsidiary to, to the extent legally permissible, take all necessary action, including the filing of appropriate financing statements, under the provisions of applicable laws, rules or regulations in each of the offices where such filing is necessary or appropriate, or entering into or amending any Euro Security Document, to grant to Euro Collateral Agent for its benefit and for the benefit of the Secured Creditors a perfected Lien on the Additional Euro Collateral acquired in connection with the Signode Acquisition pursuant to and to the full extent required by the Credit Agreement (without regard to time periods) (including, without limitation, to the extent requested by U.K. Administrative Agent, satisfaction of the conditions set forth in subsection (a)(iii)(E) of Section 5.1 of the Credit Agreement).

(e)Within ninety (90) days (or within such longer period of time that the Euro Collateral Agent may agree in its sole discretion) after the Incremental Amendment No. 1 Effective Date (or, if such Credit Party is an Excluded Signode Asset, after the date such Subsidiary is acquired), each Credit Party (excluding any Signode Non-US Guarantee Subsidiary) that is organized under the laws of a jurisdiction other than the United States of America or any state thereof or the District of Columbia, or, as applicable, such Credit Party’s shareholders, execute and deliver all documents (including customary local counsel opinions) and instruments (in proper form for filing, if applicable) and agreements as may be necessary or, in the reasonable opinion of the Euro Collateral Agent, desirable to reaffirm a valid and  perfected first priority Lien on the Collateral to the full extent required by the Credit Agreement.

(f)The provisions of Sections 14.9 through 14.12 of the Credit Agreement are hereby incorporated herein by reference and shall apply to this Amendment mutatis mutandis as if fully set forth herein.  In particular, and without limitation, the Non-U.S. Guarantees delivered by the Signode Non-U.S. Guarantee Subsidiaries shall not comprise any obligations or liabilities under the Credit Agreement (including those resulting from the Incremental Amendment No. 1) which, if guaranteed, would amount to unlawful financial assistance under the laws of their respective jurisdictions of organization.

16

SECTION 8.Extension of Loan.  Subject to compliance with Section 6 above, (x) the Additional Term A Lenders shall make the Additional Term A Loans available to the applicable Borrower, (y) the Term Loan B Lenders shall make the Term B Loans available to the applicable Borrower, and (z) the Increase Revolving Lenders shall make the Revolving Commitments Increase available to the applicable Borrower, in each case, on the date specified therefor in the related Notice of Borrowing in accordance with instructions provided by the applicable Borrower to (and reasonably acceptable to) the applicable Agent.

SECTION 9.Expenses.  The Borrowers agree to reimburse each Agent for its and the Lead Arrangers’ reasonable out-of-pocket expenses incurred by them in connection with this Incremental Amendment No. 1, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel llp, counsel for the Agents.

SECTION 10.Counterparts.  This Incremental Amendment No. 1 may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Incremental Amendment No. 1 by facsimile transmission or by email in Adobe “.pdf” format shall be effective as delivery of a manually executed counterpart hereof.

SECTION 11.Applicable Law.  The validity, interpretation and enforcement of this Incremental Amendment No. 1 and any dispute arising out of the relationship between the parties hereto, whether in contract, tort, equity or otherwise, shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws of the State of New York.

SECTION 12.Headings.  The headings of this Incremental Amendment No. 1 are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

SECTION 13.Effect of Incremental Amendment No. 1.  Except as expressly set forth herein, this Incremental Amendment No. 1 shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Financing Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  As of the Incremental Amendment No. 1 Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder,” “thereof” and words of like import), shall mean and be a reference to the Credit Agreement as amended hereby, and this Incremental Amendment No. 1 and the Credit Agreement shall be read together and construed as a single instrument.  This Incremental Amendment No. 1 shall constitute a Loan Document.  This Incremental Amendment No. 1 shall not constitute a novation of the Credit Agreement or any other Loan Document.

SECTION 14.Acknowledgement and Affirmation.  Each of the Borrowers and each Guarantor hereby (i) expressly acknowledges the terms of the Credit Agreement as amended hereby, (ii) ratifies and affirms after giving effect to this Incremental Amendment No. 1 its obligations under the Loan Documents (including guarantees and security agreements) executed by such Borrower and/or such Guarantor, (iii) after giving effect to this Incremental Amendment No. 1, acknowledges, renews and extends its continued liability under all such Loan Documents and agrees such Loan Documents remain in full force and effect, (iv) ratifies and affirms that after giving effect to this Incremental Amendment No. 1 the obligations secured by the Security Documents will include the Term B Loans under this Incremental Amendment No. 1, (v) agrees that all Collateral shall rank as continuing security for the payment and discharge of the Obligations under or in connection with the Credit Agreement as amended hereby or the Security Documents with effect from the date of its creation and (vi) agrees that all Security Documents and the Collateral constituted thereby shall continue in full force and effect in all respects and the Security Documents and this Incremental Amendment No. 1 shall be read and construed together.

17

SECTION 15. Roles.  It is agreed that each of Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Incremental Amendment No. 1), BNP Paribas Securities Corp., Banco Santander, S.A., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, TD Securities (USA) LLC and The Bank of Nova Scotia will act as joint lead arrangers and joint bookrunners for the Term B Loans (collectively, the “Lead Arrangers”).

[Remainder of Page Intentionally Left Blank]

                    

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IN WITNESS WHEREOF, the parties hereto have caused this Incremental Amendment No. 1 to be duly executed as of the date first above written.  

	
			
	 
	 
	CROWN AMERICAS LLC

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name:  Kevin C. Clothier 

	 
	 
	Title:  Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN EUROPEAN HOLDINGS S.A.

	 
	 
	 

	 
	By:
	/s/ Timothy J. Donahue

	 
	 
	Name:  :  Timothy J. Donahue 

	 
	 
	Title: Administrateur & President Directeur Général

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN HOLDINGS, INC.

	 
	 
	 

	 
	By:
	/s/ Thomas A. Kelly

	 
	 
	Name: Thomas A. Kelly

	 
	 
	Title: Senior Vice President & Chief Financial Officer 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN INTERNATIONAL HOLDINGS, INC.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN CORK & SEAL COMPANY, INC.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	
			
	 
	 
	CROWN METAL PACKAGING CANADA LP

	 
	 
	by its general partner, CROWN METAL PACKAGING CANADA INC.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	
			
	 
	 
	CROWN BEVERAGE PACKAGING, LLC

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Assistant Treasurer  

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN CONSULTANTS, INC.

	 
	 
	CROWN CORK & SEAL COMPANY (DE), LLC

	 
	 
	CROWN PACKAGING TECHNOLOGY, INC.

	 
	 
	CROWN BEVERAGE PACKAGING PUERTO RICO, INC. 

	 
	 
	CROWN FINANCIAL CORPORATION

	 
	 
	FOREIGN MANUFACTURERS FINANCE CORPORATION

	 
	 
	CR USA, INC

	 
	 
	CROWN AMERICAS CAPITAL CORP.

	 
	 
	CROWN AMERICAS CAPITAL CORP. II

	 
	 
	CROWN AMERICAS CAPITAL CORP. III

	 
	 
	CROWN AMERICAS CAPITAL CORP. IV

	 
	 
	CROWN AMERICAS CAPITAL CORP. V

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	
			
	 
	 
	CROWN CORK & SEAL USA, INC..

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Assistant Treasurer 

	 
	 
	 

	
			
	 
	 
	889273 ONTARIO INC.

	 
	 
	CROWN CANADIAN HOLDINGS ULC

	 
	 
	CROWN METAL PACKAGING CANADA INC.

	 
	 
	3079939 NOVA SCOTIA COMPANY/3079939

	 
	 
	COMPAGNIE DE LA NOUVELLE ECOSSE

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Assistant Treasurer  

	 
	 
	 

	 
	 
	 

	 
	 
	CARNAUDMETALBOX OVERSEAS LTD.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN AEROSOLS UK LTD.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	
			
	 
	 
	CARNAUDMETALBOX ENGINEERING LIMITED

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN SPECIALITY PACKAGING UK LIMITD

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CARNAUDMETALBOX GROUP UK LTD.

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN UK HOLDINGS LIMITED

	 
	 
	 

	 
	By:
	/s/ John Beardsley

	 
	 
	Name: John Beardsley

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN PACKAGING DISTRIBUTION UK LIMITED

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Aidan Ruddock

	 
	 
	Name: Aidan Ruddock 

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN PACKAGING MANUFACTURING UK LIMITED

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett 

	 
	 
	Title: Director

	
			
	 
	 
	CROWN CORK & SEAL DEUTSCHELAND HOLDINGS GMBH

	 
	 
	 

	 
	By:
	/s/ Rolf Willke

	 
	 
	Name: Rolf Willke

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Martin Kleiner

	 
	 
	Name: Martin Kleiner 

	 
	 
	Title: Prokurist

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN COMMERCIAL VERMÕGENSVERWALTUNG GMBH

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Rolf Willke

	 
	 
	Name: Rolf Willke

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN FOODCAN GERMANY GMBH

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Martin Kleiner

	 
	 
	Name: Martin Kleiner 

	 
	 
	Title: Prokurist

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jutta Liesche

	 
	 
	Name: Jutta Liesche 

	 
	 
	Title: Prokurist

	
			
	 
	 
	CROWN FOODDCAN GMBH

	 
	 
	 

	 
	By:
	/s/ Martin Kleiner

	 
	 
	Name: Martin Kleiner 

	 
	 
	Title: Prokurist

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Jutta Liesche

	 
	 
	Name: Jutta Liesche 

	 
	 
	Title: Prokurist

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN COMMERCIAL GERMANY GMBH & CO. KG

	 
	 
	by CROWN CORK & SEAL DEUTSCHLAND HOLDINGS GMBH,

	 
	 
	its General Partner

	 
	 
	 

	 
	By:
	/s/ Rolf Willke

	 
	 
	Name: Rolf Willke

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Martin Kleiner

	 
	 
	Name: Martin Kleiner 

	 
	 
	Title: Prokurist

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CROWN ENVASES MEXICO, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name:  Kevin C. Clothier 

	 
	 
	Title:  Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN MEXICAN HOLDINGS S. DE R.L. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name:  Kevin C. Clothier 

	 
	 
	Title:  Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN FAMOSA, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name:  Kevin C. Clothier 

	 
	 
	Title:  Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	FÁBRICAS MONTERREY, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	CIERRES HERMÉTICOS, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	PROLATAMEX, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	
			
	 
	 
	SILICES DE VERACRUZ, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	GLASS & SILICE, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	SILICES DEL ISTMO, S.A. DE C.V.

	 
	 
	 

	 
	By:
	/s/ Kevin C. Clothier

	 
	 
	Name: Kevin C. Clothier 

	 
	 
	Title: Vice President & Treasurer 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	SOCIETE DE PARTICIPATIONS CARNAUDMETALBOX

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: Président 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN  BEVCAN FRANCE SAS

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: Directeur Général 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN EMBALLAGE FRANCE SAS

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: Directeur Général 

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN DÉVELOPPMENT

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: Président 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CROWN VERPAKKING NEDERLAND B.V.

	 
	 
	 

	 
	By:
	/s/ John Beardsley

	 
	 
	Name: John Beardsley

	 
	 
	Title: President 

	 
	 
	 

	 
	 
	 

	 
	 
	FAMOSA B.V.

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: President 

	 
	 
	 

	 
	 
	 

	 
	 
	SIVESA B.V.

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: President 

	 
	 
	 

	 
	 
	 

	 
	 
	SISA MEXICO B.V.

	 
	 
	 

	 
	By:
	/s/ Paul Browett

	 
	 
	Name: Paul Browett

	 
	 
	Title: President 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CROWN FOOD ESPAÑA, S.A.U.

	 
	 
	 

	 
	By:
	/s/ Laurent Watteaux

	 
	 
	Name:  Laurent Watteaux 

	 
	 
	Title:  Sole Director

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN PACKAGING LUX III S.A.R.L.

	 
	 
	 

	 
	By:
	/s/ John Beardsley

	 
	 
	Name:  :  John Beardsley

	 
	 
	Title: Manager A

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN PACKAGING EUROPEAN HOLDINGS GMBH

	 
	 
	 

	 
	By:
	/s/ John Beardsley

	 
	 
	Name:  :  John Beardsley

	 
	 
	Title: Geschaftsfuhrer (Managing Officer) & Chairman

	 
	 
	 

	 
	 
	 

	 
	 
	CROWN PACKAGING EUROPEAN DIVISION GMBH

	 
	 
	 

	 
	By:
	/s/ John Beardsley

	 
	 
	Name:  :  John Beardsley

	 
	 
	Title: Geschaftsfuhrer (Managing Officer)

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	ADULARIA INVERSIONES 2010, S.L. UNIPERSONAL

	 
	 
	 

	 
	By:
	/s/ Laurent Watteaux

	 
	 
	Name:  Laurent Watteaux 

	 
	 
	Title:  Sole Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	DEUTSCHE BANK NEW YORK BRANCH, as Administrative Agent

	 
	 
	 

	 
	By:
	/s/ Dusan Lazarov

	 
	 
	Name:  Dusan Lazarov

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Anca Trifan

	 
	 
	Name:  Anca Trifan

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	DEUTSCHE BANK LONDON BRANCH, as U.K. Administrative Agent

	 
	 
	 

	 
	By:
	/s/ Dusan Lazarov

	 
	 
	Name:  Dusan Lazarov

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Anca Trifan

	 
	 
	Name:  Anca Trifan

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	DEUTSCHE BANK AG, CANADA BRANCH, 

	 
	 
	as Canadian Administrative Agent

	 
	 
	 

	 
	By:
	/s/ Dan Sooley

	 
	 
	Name:  Dan Sooley

	 
	 
	Title: Chief Country Officer

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ David Gynn

	 
	 
	Name:  David Gynn

	 
	 
	Title: Chief Financial Officer

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	PEOPLE'S UNITED BANK

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Jennie D. McElhone

	 
	 
	Name:  Jennie D. McElhone

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	KBC BANK N.V., NEW YORK BRANCH,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Jana Sevcikova

	 
	 
	Name:  Jana Sevcikova

	 
	 
	Title: Director - Corporate Banking Central European Desk

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	if a second signature line is required:

	 
	 
	 

	 
	By:
	/s/ Susan M. Silver

	 
	 
	Name:  Susan M. Silver

	 
	 
	Title: Managing Director 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CRÉDIT INDUSTRIEL ET COMMERCE, NEW YORK BRANCH,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Clifford Abramsky

	 
	 
	Name:  Clifford Abramsky

	 
	 
	Title: Managing Director 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	if a second signature line is required:

	 
	 
	 

	 
	By:
	/s/ Marcus Edward

	 
	 
	Name:  Marcus Edward

	 
	 
	Title: Managing Director 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CITIZENS BANK OF PENNSYLVANIA,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Pamela Hanson

	 
	 
	Name:  Pamela Hanson

	 
	 
	Title: Senior Vice President 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	TD BANK, N.A.,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Michelle Dragonetti

	 
	 
	Name:  Michelle Dragonetti

	 
	 
	Title: Senior Vice President 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	SUMITOMO MITSUI BANKING CORPORATION,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ James D. Weinstein

	 
	 
	Name:  James D. Weinstein

	 
	 
	Title: Managing Director 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	COMPASS BANK,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Daniel Feldman

	 
	 
	Name:  Daniel Feldman

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	COÕPERATIVE RABOBANK U.A., NEW YORK BRANCH

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Michael LaHaie

	 
	 
	Name:  Michael LaHaie

	 
	 
	Title: Executive Director

	 
	 
	 

	 
	 
	if a second signature line is required:

	 
	 
	 

	 
	By:
	/s/ David Vernon

	 
	 
	Name:  David Vernon

	 
	 
	Title: Vice President 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Belinda Tucker

	 
	 
	Name:  Belinda Tucker

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	GOLDMAN SACHS USA,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Ryan Durkin

	 
	 
	Name:  Ryan Durkin

	 
	 
	Title: Authorized Signatory

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CAPITAL ONE, NATIONAL ASSOCIATION

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Patrick McCarthy

	 
	 
	Name:  Patrick McCarthy

	 
	 
	Title: Senior Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	FIFTH THIRD BANK,

	 
	 
	as Additional Term A Lender

	 
	 
	 

	 
	By:
	/s/ Jonathan James

	 
	 
	Name:  Jonathan James

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CITIBANK, N.A.

	 
	 
	as Dollar Term B Lender

	 
	 
	 

	 
	By:
	/s/ Scott Slavik

	 
	 
	Name:  Scott Slavik

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CITIBANK, N.A.

	 
	 
	as Euro Term B Lender

	 
	 
	 

	 
	By:
	/s/ Scott Slavik

	 
	 
	Name:  Scott Slavik

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CITIBANK, N.A.

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Scott Slavik

	 
	 
	Name:  Scott Slavik

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	DEUTSCH BANK AG, LONDON BRANCH,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Marcus Tarkington

	 
	 
	Name:  Marcus Tarkington

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ Anca Trifan

	 
	 
	Name:  Anca Trifan

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	BANK OF AMERICA MERRILL LYNCH INTERNATIONAL 

	 
	 
	LIMITED, as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Christopher Coney

	 
	 
	Name:  Christopher Coney

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	BNP PARIBAS,

	 
	 
	Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Brendan Heneghan

	 
	 
	Name:  Brendan Heneghan

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Ade Adedeji

	 
	 
	Name:  Ade Adedeji

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	BANCO SANTANDER, S.A.

	 
	 
	Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Isabel Pastor

	 
	 
	Name:  Isabel Pastor

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Paloma Garcia Castro

	 
	 
	Name: Paloma Garcia Castro

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Andrew G. Payne

	 
	 
	Name:  Andrew G. Payne

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	TD BANK, N.A.,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Michelle Dragonetti

	 
	 
	Name:  Michelle Dragonetti

	 
	 
	Title: Senior Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	SCOTIABANK (IRELAND) DESIGNATED ACTIVITY COMPANY,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Sue Foster

	 
	 
	Name:  Sue Foster

	 
	 
	Title: CEO

	 
	 
	 

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ Mary Theresa Mulvaney

	 
	 
	Name:  Mary Theresa Mulvaney

	 
	 
	Title: Associate Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Gordon Yip

	 
	 
	Name:  Gordon Yip

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ Dan Fahey

	 
	 
	Name:  Dan Fahey

	 
	 
	Title: Vice President Credit Agricole CIB

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	HSBC BANK PLC,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Renato Santos

	 
	 
	Name:  Renato Santos

	 
	 
	Title: Associate Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	ING (IRELAND) DAC,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Sean Hassett

	 
	 
	Name:  Sean Hassett

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ Shaun Hawley

	 
	 
	Name:  Shaun Hawley

	 
	 
	Title: Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	PNC BANK N.A.,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Thomas A. Haggerty

	 
	 
	Name:  Thomas A. Haggerty

	 
	 
	Title: SVP

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	UNICREDIT BANK AG,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Richard Soltanmoradi

	 
	 
	Name:  Richard Soltanmoradi

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ Dr. Peter Stopfer

	 
	 
	Name:  Dr. Peter Stopfer

	 
	 
	Title: Managing Director / SVP

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	SUMITOMO MITSUI BANKING CORPORATION

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Katsuyuki Kubo

	 
	 
	Name:  Katsuyuki Kubo

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	COMPASS BANK,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Daniel Feldman

	 
	 
	Name:  Daniel Feldman

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	COOPERATIVE RABOBANK U.A., NEW YORK BRANCH,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Michael LaHaie

	 
	 
	Name:  Michael LaHaie

	 
	 
	Title: Executive Director

	 
	 
	 

	 
	 
	if a second signature is required:

	 
	 
	 

	 
	By:
	/s/ David Vernon

	 
	 
	Name:  David Vernon

	 
	 
	Title: Vice President

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	
			
	 
	 
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

	 
	 
	as Increase Revolving Lender

	 
	 
	 

	 
	By:
	/s/ Belinda Tucker

	 
	 
	Name:  Belinda Tucker

	 
	 
	Title: Managing Director

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

Schedule 1

Additional Term Loan A Commitments and Term Loan B Commitments

Additional Term Loan A Commitments

	
		
	Additional Term A Lender
	Amount of Additional Term Loan A Commitment

	Goldman Sachs Bank USA
	$30,000,000

	Capital One, National Association
	$12,500,000

	Fifth Third Bank
	$12,500,000

	KBC Bank N.V., New York Branch
	$12,500,000

	Citizens Bank of Pennsylvania
	$7,500,000

	TD Bank, N.A. 
	$7,500,000

	Peoples United Bank, National Association
	$5,000,000

	Compass Bank d/b/a BBVA Compass
	$2,500,000

	Coöperatieve Rabobank U.A., New York Branch
	$2,500,000

	Crédit Industriel et Commercial, New York Branch
	$2,500,000

	Sumitomo Mitsui Banking Corporation
	$2,500,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$2,500,000

	Total:
	$100,000,000

Dollar Term Loan B Commitments

	
		
	Dollar Term Loan B Lender
	Amount of Dollar Term Loan B Commitment

	Citibank, N.A.
	$1,150,000,000

	Total:
	$1,150,000,000

Euro Term Loan B Commitments

	
		
	Euro Term Loan B Lender
	Amount of Euro Term Loan B Commitment

	Citibank, N.A.
	€750,000,000

	Total:
	€750,000,000

1-1

Schedule 2

Increase Revolving Lenders

Multicurrency Revolving Commitments

	
		
	Lender
	Amount of Multicurrency Revolving Commitment Increase

	Citibank, N.A.
	$25,000,000

	Deutsche Bank AG, London Branch
	$25,000,000

	Banco Santander, S.A.
	$18,000,000

	Bank of America Merrill Lynch International Limited
	$18,000,000

	BNP Paribas 
	$18,000,000

	Mizuho Bank Europe N.V.
	$18,000,000

	Wells Fargo Bank, National Association
	$18,000,000

	Compass Bank 
	$10,000,000

	Cooperatieve Rabobank U.A., New York Branch
	$10,000,000

	Credit Agricole Corporate and Investment Bank
	$10,000,000

	HSBC Bank Plc
	$10,000,000

	ING (Ireland) DAC
	$10,000,000

	TD Bank, N.A.
	$10,000,000

	Scotiabank (Ireland) Designated Activity Company
	$10,000,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$10,000,000

	UniCredit Bank AG
	$10,000,000

	Total:
	$230,000,000

Dollar Revolving Commitments

	
		
	Lender
	Amount of Dollar Revolving Commitment Increase

	PNC Bank, National Association
	$10,000,000

	Sumitomo Mitsui Banking Corporation
	$10,000,000

	Total:
	$20,000,000

2-1

Schedule 3

Signode Refinancing

6.375% senior notes due 2022 issued pursuant to that certain Indenture, dated April 29, 2014, by and among Signode Industrial Group US Inc., Signode Industrial Group Lux S.A. and Wilmington Trust, National Association.

Credit Agreement, dated May 1, 2014, by and among Signode Industrial Group Lux S.A., Signode Industrial Group US Inc., Signode Industrial Group Holdings Lux S.A R.L, Signode Industrial Group Holdings US Inc., JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC, Goldman Sachs Bank USA, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Bank of America, N.A., Citibank, N.A., Credit Suisse AG, Sumitomo Mitsui Banking Corporation and ING Capital LLC.

3-1EX-4.2

 Exhibit 4.2 

WARRANT AGREEMENT 
 THIS
WARRANT AGREEMENT (“Agreement”) dated as of February 22, 2018 is between ConvergeOne Holdings, Inc., a Delaware corporation, (“Company”), and Continental Stock Transfer & Trust Company, a New York corporation
(“Warrant Agent”). 
 WHEREAS, the Company has received a binding commitment from its sponsor to purchase an aggregate of 555,000
units (or up to 622,500 units if the underwriters’ over-allotment is exercised in full), each unit (“Unit”) comprised of one share of Class A common stock of the Company, $0.0001 par value (“Common Stock”), one right to
receive one-tenth of one share of Common Stock and one warrant to purchase one half of one share of Common Stock for $11.50 per whole share, subject to adjustment as described herein, pursuant to a Founder
Unit Purchase Agreement (the “Founder Unit Purchase Agreement”), and in connection therewith, will issue and deliver up to an aggregate of 277,500 warrants (or up to 311,250 warrants if the underwriters’ over-allotment is exercised in
full) (“Founders’ Warrants”), upon consummation of such private placement (the “Private Offering”); and 
 WHEREAS,
the Company is engaged in a public offering (“Public Offering”) of Units and, in connection therewith, will issue and deliver up to 7,500,000 warrants (or up to 8,625,000 warrants if the underwriters’ over-allotment is exercised in
full) (“Public Warrants”) to the public investors and (ii) 562,500 warrants (underlying unit purchase options) to EarlyBirdCapital, Inc. (“EBC”) or its designees (“EBC Warrants” and, together with the Founders’
Warrants and Public Warrants, the “Warrants”); and 
 WHEREAS, the Company has filed with the Securities and Exchange Commission
Registration Statements on Form S-1, Nos. 333-216842 and 333-217187 (collectively, the “Registration Statement”) for
the registration, under the Securities Act of 1933, as amended (“Act”), of, among other securities, the Warrants; and 
 WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and 

WHEREAS, the Company desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised,
and the respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and 

WHEREAS, all acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company and
countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the Company, and to authorize the execution and delivery of this Agreement. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows: 

1. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the
Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the terms and conditions set forth in this Agreement. 

 2. Warrants. 

2.1. Form of Warrant. Each Warrant shall be issued in registered form only, shall be in substantially the form of Exhibit A hereto,
the provisions of which are incorporated herein and shall be signed by, or bear the facsimile signature of, the Chairman of the Board of Directors or Chief Executive Officer and Treasurer, Secretary or Assistant Secretary of the Company and shall
bear a facsimile of the Company’s seal. In the event the person whose facsimile signature has been placed upon any Warrant shall have ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may
be issued with the same effect as if he or she had not ceased to be such at the date of issuance. 
 2.2. Uncertificated
Warrants. Notwithstanding anything herein to the contrary, any Warrant, or portion thereof, may be issued as part of, and be represented by, a Unit, and any Warrant may be issued in uncertificated or book-entry form through the Warrant Agent
and/or the facilities of The Depository Trust Company (the “Depositary”) or other book-entry depositary system, in each case as determined by the Board of Directors of the Company or by an authorized committee thereof. Any Warrant so
issued shall have the same terms, force and effect as a certificated Warrant that has been duly countersigned by the Warrant Agent in accordance with the terms of this Agreement. 

2.3. Effect of Countersignature. Except with respect to uncertificated Warrants as described above, unless and until
countersigned by the Warrant Agent pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof. 

2.4. Registration. 

2.4.1. Warrant Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration of original
issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in
accordance with instructions delivered to the Warrant Agent by the Company. 
 2.4.2. Registered Holder. Prior to due
presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such Warrant is then registered in the Warrant Register (“registered holder”) as the absolute owner of
such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing on the Warrant certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for
all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 
 2.5. Detachability
of Warrants. The securities comprising the Units will not be separately transferable until the 90th day following the date of the
prospectus or, if such 90th day is not on a day, other than Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business
Day”), then on the immediately succeeding Business Day following such date, or earlier with the consent of EBC, but in no event will EBC allow separate trading of the securities comprising the Units until (i) the Company has filed a
Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the
exercise of the underwriters’ over-allotment option in the Public Offering, if the over-allotment option is exercised prior to the filing of the Form 8-K, and (ii) the Company has issued a press
release and has filed a Current Report on Form 8-K announcing when such separate trading shall begin (the “Detachment Date”). 

2.6. Founders’ Warrant Attributes. The Founders’ Warrants will be issued in the same form as the Public Warrants but
they (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis at the holder’s option, in either case as long as the Founders’ Warrants are held by the

 
initial purchaser or its affiliates and permitted transferees (as prescribed in Section 5.6 hereof). Once a Founders’ Warrant is transferred to a holder other than an affiliate or
permitted transferee, it shall be treated as a Public Warrant hereunder for all purposes. 
 2.7. EBC Warrants. The EBC Warrants
shall be exercisable only upon the exercise of the purchase option issued to EBC and shall have the same terms and be in the same form as the Public Warrants. The provisions of this Section 2.7 may not be modified, amended or deleted without
the prior written consent of EBC. 
 3. Terms and Exercise of Warrants 

3.1. Warrant Price. Each whole Warrant shall, when countersigned by the Warrant Agent, entitle the registered holder thereof,
subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price of $11.50 per share, subject to the adjustments provided in Section 4 hereof and in
the last sentence of this Section 3.1. The term “Warrant Price” as used in this Agreement refers to the price per share at which the shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole
discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days; provided, that the Company shall provide at least twenty (20) days prior written
notice of such reduction to registered holders of the Warrants and, provided further that any such reduction shall be applied consistently to all of the Warrants.

3.2. Duration of Warrants. A Warrant may be exercised only during the period (“Exercise Period”) commencing on the later
of 30 days after the consummation by the Company of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (“Business
Combination”) (as described more fully in the Registration Statement) or 12 months from the closing of the Public Offering, and terminating at 5:00 p.m., New York City time on the earlier to occur of (i) five years from the consummation of
a Business Combination and (ii) the Redemption Date as provided in Section 6.2 of this Agreement (“Expiration Date”). The period of time from the date the Warrants will first become exercisable until the expiration of the
Warrants shall hereafter be referred to as the “Exercise Period.” Except with respect to the right to receive the Redemption Price (as set forth in Section 6 hereunder), each Warrant not exercised on or before the Expiration Date
shall become void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of business on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by
delaying the Expiration Date; provided, however, that the Company will provide at least twenty (20) days prior written notice of any such extension to registered holders and, provided further that any such extension shall be applied
consistently to all of the Warrants. 
 3.3. Exercise of Warrants. 

3.3.1. Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant, when countersigned by the Warrant
Agent, may be exercised by the registered holder thereof by surrendering it, at the office of the Warrant Agent, or at the office of its successor as Warrant Agent, in the Borough of Manhattan, City and State of New York, with the subscription form,
as set forth in the Warrant, duly executed, and by paying in full the Warrant Price for each share of Common Stock as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, as follows:

 (a) by good certified check or good bank draft payable to the order of the Warrant Agent (or as otherwise agreed to
by the Company); or 

 (b) in the event of redemption pursuant to Section 6 hereof in which
the Company’s management has elected to force all holders of Warrants to exercise such Warrants on a “cashless basis,” by surrendering the Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing
(x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value. Solely for purposes
of this Section 3.3.1(b), the “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the five (5) trading days ending on the third trading day prior to the date on which the notice of
redemption is sent to holders of the Warrants pursuant to Section 6 hereof; or 
 (c) with respect to any
Founders’ Warrants, so long as such Founders’ Warrants are held by the initial purchaser of the Founders’ Warrants or its permitted transferees, by surrendering such Founders’ Warrants for that number of shares of Common Stock
equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the exercise price of the Warrants and the “Fair Market Value” by
(y) the Fair Market Value; provided, however, that no cashless exercise shall be permitted unless the Fair Market Value is equal to or higher than the exercise price. Solely for purposes of this Section 3.3.1(c), the “Fair Market
Value” shall mean the average reported last sale price of the Common Stock for the five (5) trading days ending on the third trading day prior to the date of exercise; or 

(d) in the event the registration statement required by Section 7.4 hereof is not effective and current within ninety
(90) days after the closing of a Business Combination, by surrendering such Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying
the Warrants, multiplied by the difference between the exercise price of the Warrants and the “Fair Market Value” by (y) the Fair Market Value; provided, however, that no cashless exercise shall be permitted unless the Fair Market
Value is equal to or higher than the exercise price. Solely for purposes of this Section 3.3.1(d), the “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the five (5) trading days ending
on the day prior to the date of exercise. 
 3.3.2. Issuance of Certificates. As soon as practicable after the exercise of
any Warrant and the clearance of the funds in payment of the Warrant Price (if any), the Company shall issue to the registered holder of such Warrant a certificate or certificates for the number of shares of Common Stock to which he, she or it is
entitled, registered in such name or names as may be directed by him, her or it, and if such Warrant shall not have been exercised in full, a new countersigned Warrant for the number of shares as to which such Warrant shall not have been
exercised. Notwithstanding the foregoing, in no event will the Company be required to net cash settle the Warrant exercise. No Warrant shall be exercisable and the Company shall not be obligated to issue shares of Common Stock upon exercise of
a Warrant unless the Common Stock issuable upon such Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Warrants. In the event that the condition
in the immediately preceding sentence is not satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such Warrant may have no value and expire worthless, in which case the purchaser of a
Unit containing such Public Warrants shall have paid the full purchase price for the Unit solely for the shares of Common Stock and rights to receive shares of Common Stock underlying such Unit. Warrants may not be exercised by, or securities issued
to, any registered holder in any state in which such exercise would be unlawful. 

 3.3.3. Valid Issuance. All shares of Common Stock issued upon the proper
exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and nonassessable. 
 3.3.4. Date of
Issuance. Each person in whose name any such certificate for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares on the date on which the Warrant was surrendered and payment
of the Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have
become the holder of such shares at the close of business on the next succeeding date on which the share transfer books are open. 

3.3.5 Maximum Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the
provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to this subsection 3.3.5 unless he, she or it makes such election. If the election is made by a holder, the Warrant Agent shall not effect the exercise
of the holder’s Warrant, and such holder shall not have the right to exercise such Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the Warrant Agent’s actual
knowledge, would beneficially own in excess of 9.8% (the “Maximum Percentage”) of the shares of Common Stock outstanding immediately after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of
shares of Common Stock beneficially owned by such person and its affiliates shall include the number of shares of Common Stock issuable upon exercise of the Warrant with respect to which the determination of such sentence is being made, but shall
exclude shares of Common Stock that would be issuable upon (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates and (y) exercise or conversion of the unexercised or
unconverted portion of any other securities of the Company beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion
or exercise analogous to the limitation contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). For purposes of the Warrant, in determining the number of outstanding shares of Common Stock, the holder may rely on the number of outstanding shares of Common Stock as reflected in (1) the
Company’s most recent annual report on Form 10-K, quarterly report on Form 10-Q, current report on Form 8-K or other public
filing with the Securities and Exchange Commission as the case may be, (2) a more recent public announcement by the Company or (3) any other notice by the Company or Continental Stock Transfer & Trust Company setting forth the
number of shares of Common Stock outstanding. For any reason at any time, upon the written request of the holder of the Warrant, the Company shall, within two (2) Business Days, confirm orally and in writing to such holder the number of shares
of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date
as of which such number of outstanding shares of Common Stock was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage
specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company.

4. Adjustments. 
 4.1. Stock
Dividends; Split Ups. If after the date hereof, the number of outstanding shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split up of shares of Common Stock, or other similar event, then,
on the effective date of such stock dividend, split up or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to such increase in outstanding shares of Common Stock. 

 4.2. Aggregation of Shares. If after the date hereof, the number of outstanding
shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split,
reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock. 

4.3 Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or
make a distribution in cash, securities or other assets to the holders of the shares of Common Stock or other shares of the Company’s capital stock into which the Warrants are convertible (an “Extraordinary Dividend”), then the
Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and the fair market value (as determined by the Company’s Board of Directors, in good faith) of any
securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend; provided, however, that none of the following shall be deemed an Extraordinary Dividend for purposes of this provision: (a) any adjustment
described in subsection 4.1 above, (b) any cash dividends or cash distributions which, when combined on a per share basis with all other cash dividends and cash distributions paid on the Common Stock during the
365-day period ending on the date of declaration of such dividend or distribution does not exceed $0.50 (as adjusted to appropriately reflect any of the events referred to in other subsections of this
Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) but only with respect to the amount of the
aggregate cash dividends or cash distributions equal to or less than $0.50, (c) any payment to satisfy the conversion rights of the holders of the shares of Common Stock in connection with a proposed initial Business Combination or (d) any
payment in connection with the Company’s liquidation and the distribution of its assets upon its failure to consummate a Business Combination. Solely for purposes of illustration, if the Company, at a time while the Warrants are outstanding and
unexpired, pays a cash dividend of $0.35 and previously paid an aggregate of $0.40 of cash dividends and cash distributions on the Common Stock during the 365-day period ending on the date of declaration of
such $0.35 dividend, then the Warrant Price will be decreased, effectively immediately after the effective date of such $0.35 dividend, by $0.25 (the absolute value of the difference between $0.75 (the aggregate amount of all cash dividends and cash
distributions paid or made in such 365-day period, including such $0.35 dividend) and $0.50 (the greater of (x) $0.50 and (y) the aggregate amount of all cash dividends and cash distributions paid or made
in such 365-day period prior to such $0.35 dividend)). 
 4.4 Adjustments in Exercise
Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant
Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator
of which shall be the number of shares of Common Stock so purchasable immediately thereafter. 
 4.5. Replacement of Securities upon
Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change covered by Section 4.1, 4.2 or 4.3 hereof or that solely affects the par value of the Common Stock),
or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or

 
reorganization of the outstanding Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or
substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of
the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon
such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior
to such event; and if any reclassification also results in a change in the Common Stock covered by Section 4.1, 4.2 or 4.3, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3, 4.4 and this Section 4.5. The
provisions of this Section 4.5 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

4.6. Notices of Changes in Warrant. Upon every adjustment of the Warrant Price or the number of shares issuable upon exercise
of a Warrant, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting from such adjustment and the increase or decrease, if any, in the number of shares purchasable at such price upon
the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event specified in Sections 4.1, 4.2, 4.3, 4.4 or 4.5, then, in any such
event, the Company shall give written notice to each Warrant holder, at the last address set forth for such holder in the Warrant Register, of the record date or the effective date of the event. Failure to give such notice, or any defect
therein, shall not affect the legality or validity of such event. 
 4.7. No Fractional Warrants or Shares. No fractional
Warrants will be issued hereunder. Additionally, notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares upon exercise of Warrants. If, by reason of any adjustment made
pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round up to the nearest whole number of shares of
Common Stock to be issued to the Warrant holder. 
 4.8. Form of Warrant. The form of Warrant need not be changed because
of any adjustment pursuant to this Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares as is stated in the Warrants initially issued pursuant to this Agreement. However, the
Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or
substitution for an outstanding Warrant or otherwise, may be in the form as so changed. 
 4.9 Other Events. In case any
event shall occur affecting the Company as to which none of the provisions of preceding subsections of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an
adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case, the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of
recognized national standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the intent and purpose of this Section 4 and, if they determine that an
adjustment is necessary, the terms of such adjustment. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion. 

 5. Transfer and Exchange of Warrants. 

5.1. Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant
upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal
aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request. 

5.2. Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request
for exchange or transfer, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the registered holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided,
however, that in the event that a Warrant surrendered for transfer bears a restrictive legend, the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange therefor until the Warrant Agent has received an opinion of counsel for
the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

5.3. Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which
will result in the issuance of a warrant certificate for a fraction of a warrant. 
 5.4. Service Charges. No service
charge shall be made for any exchange or registration of transfer of Warrants. 
 5.5. Warrant Execution and
Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company,
whenever required by the Warrant Agent, will supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose. 

5.6. Founders’ Warrants. The Warrant Agent shall not register any transfer of Founders’ Warrants until 30 days after the
consummation by the Company of an initial Business Combination, except for transfers (i) to the Company’s officers, directors, employees, consultants or their affiliates, (ii) to a holder’s officers, directors, employees or
members, in each case if the holder is an entity, (iii) by bona fide gift to a member of the holder’s immediate family or to a trust, the beneficiary of which is the holder or a member of the holder’s immediate family for estate
planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) to the Company for no value for cancellation in connection with the consummation of a
Business Combination or (vii) by private sales made at or prior to the consummation of a Business Combination at prices no greater than the price at which the Founders’ Warrants were originally purchased, in each case (except for clause
(vi)) on the condition that prior to such registration for transfer, the Warrant Agent shall be presented with written documentation pursuant to which each transferee or the trustee or legal guardian for such transferee agrees to be bound by the
terms of the Founder Warrants Purchase Agreement and any other applicable agreement the transferor is bound by. 
 5.7. Transfers
prior to Detachment. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer
or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.7
shall have no effect on any transfer of Warrants on or after the Detachment Date. 

 6. Redemption. 

6.1. Redemption. Subject to Section 6.4 hereof, not less than all of the outstanding Public Warrants may be redeemed, at
the option of the Company, at any time during the Exercise Period (so long as there is a current registration statement in effect with respect to the shares of Common Stock underlying the Warrants), at the office of the Warrant Agent, upon the
notice referred to in Section 6.2, at the price of $0.01 per Warrant (“Redemption Price”), provided that the last sales price of the Common Stock equals or exceeds $18.00 per share (subject to adjustment in accordance with
Section 4 hereof), on each of twenty (20) trading days within any thirty (30) trading day period ending on the third business day prior to the date on which notice of redemption is given. 

6.2. Date Fixed for, and Notice of, Redemption. In the event the Company shall elect to redeem all of the Public Warrants, the
Company shall fix a date for the redemption (the “Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date to the
registered holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the
registered holder received such notice. 
 6.3. Exercise After Notice of Redemption. The Public Warrants may be exercised, for
cash (or on a “cashless basis” in accordance with Section 3 of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.2 hereof and prior to the Redemption Date. In the
event the Company determines to require all holders of Public Warrants to exercise their Warrants on a “cashless basis” pursuant to Section 3.3.1(b), the notice of redemption will contain the information necessary to calculate the
number of shares of Common Stock to be received upon exercise of the Warrants, including the “Fair Market Value” in such case. On and after the Redemption Date, the record holder of the Warrants shall have no further rights except to
receive, upon surrender of the Warrants, the Redemption Price. 
 6.4 Exclusion of Founders’ Warrants. The Company agrees
that the redemption rights provided in this Section 6 shall not apply to the Founders’ Warrants if at the time of the redemption such Founders’ Warrants continue to be held by the initial purchaser or its permitted transferees.
However, once such Founders’ Warrants are transferred (other than to permitted transferees under Section 5.6), the Company may redeem the Founders’ Warrants in the same manner as the Public Warrants. The EBC Warrants shall not be
redeemable until after the exercise of the purchase option issued to EBC. The provisions of this Section 6.4 may not be modified, amended or deleted without the prior written consent of EBC. 

7. Other Provisions Relating to Rights of Holders of Warrants. 

7.1. No Rights as Stockholder. A Warrant does not entitle the registered holder thereof to any of the rights of a stockholder
of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the
election of directors of the Company or any other matter. 
 7.2. Lost, Stolen, Mutilated, or Destroyed Warrants. If any
Warrant is lost, stolen, mutilated, or destroyed, the Company and the Warrant Agent may on such terms as to indemnity or otherwise as they may in their discretion impose (which shall, in the case of a mutilated Warrant, include the surrender
thereof), issue a new Warrant of like denomination, tenor, and date as the Warrant so lost, stolen, mutilated, or destroyed. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly
lost, stolen, mutilated, or destroyed Warrant shall be at any time enforceable by anyone. 

 7.3. Reservation of Shares of Common Stock. The Company shall at all times
reserve and keep available a number of its authorized but unissued shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement. 

7.4. Registration of Shares of Common Stock. The Company agrees that as soon as practicable after the closing of its initial
Business Combination, but in no event later than fifteen (15) business days after such closing, it shall use its best efforts to file with the Securities and Exchange Commission a registration statement for the registration, under the Act, of
the shares of Common Stock issuable upon exercise of the Warrants, and it shall use its best efforts to take such action as is necessary to register or qualify for sale, in those states in which the Warrants were initially offered by the Company and
in those states where holders of Warrants then reside, the shares of Common Stock issuable upon exercise of the Warrants, to the extent an exemption is not available. The Company will use its best efforts to cause the same to become effective
and to maintain the effectiveness of such registration statement until the expiration of the Warrants in accordance with the provisions of this Agreement. If any such registration statement has not been declared effective by the 90th day
following the closing of the Business Combination, holders of the Warrants shall have the right, during the period beginning on the 91st day after the closing of the Business Combination and ending upon such registration statement being declared
effective by the Securities and Exchange Commission, and during any other period when the Company shall fail to have maintained an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, to
exercise such Warrants on a “cashless basis” as determined in accordance with Section 3.3.1(d). The Company shall provide the Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities
law experience) stating that (i) the exercise of the Warrants on a cashless basis in accordance with this Section 7.4 is not required to be registered under the Act and (ii) the shares of Common Stock issued upon such exercise will be
freely tradable under U.S. federal securities laws by anyone who is not an affiliate (as such term is defined in Rule 144 under the Act) of the Company and, accordingly, will not be required to bear a restrictive legend. For the avoidance of
any doubt, unless and until all of the Warrants have been exercised on a cashless basis, the Company shall continue to be obligated to comply with its registration obligations under the first three sentences of this Section 7.4. The provisions
of this Section 7.4 may not be modified, amended or deleted without the prior written consent of EBC. 
 8. Concerning the Warrant Agent and
Other Matters. 
 8.1. Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may
be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of Warrants, but the Company shall not be obligated to pay any transfer taxes in respect of the Warrants or such
shares. 
 8.2. Resignation, Consolidation, or Merger of Warrant Agent. 

8.2.1. Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its
duties and be discharged from all further duties and liabilities hereunder after giving sixty (60) days’ notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise,
the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after it has been notified in writing of such resignation or
incapacity by the Warrant Agent or by the holder of the Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of
New York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such 

 
court, shall be a corporation organized and existing under the laws of the State of New York, in good standing and having its principal office in the Borough of Manhattan, City and State of New
York, and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the
predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any
successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights,
immunities, duties, and obligations. 
 8.2.2. Notice of Successor Warrant Agent. In the event a successor Warrant Agent
shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the transfer agent for the shares of Common Stock not later than the effective date of any such appointment. 

8.2.3. Merger or Consolidation of Warrant Agent. Any corporation into which the Warrant Agent may be merged or with which it
may be consolidated or any corporation resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act. 

8.3. Fees and Expenses of Warrant Agent. 

8.3.1. Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant
Agent hereunder and will reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder. 

8.3.2. Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed,
executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement. 

8.4. Liability of Warrant Agent. 

8.4.1. Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall
deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be
deemed to be conclusively proved and established by a statement signed by the Chief Executive Officer or Chairman of the Board of Directors of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement for
any action taken or suffered in good faith by it pursuant to the provisions of this Agreement. 
 8.4.2. Indemnity. The
Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgments, costs and
reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement except as a result of the Warrant Agent’s gross negligence, willful misconduct, or bad faith. 

 8.4.3. Exclusions. The Warrant Agent shall have no responsibility with respect
to the validity of this Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement
or in any Warrant; nor shall it be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that
would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant or as
to whether any shares of Common Stock will, when issued, be valid and fully paid and nonassessable. 
 8.5. Acceptance of
Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to
Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of Warrants. 

9. Miscellaneous Provisions. 

9.1. Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent
shall bind and inure to the benefit of their respective successors and assigns. 
 9.2. Notices. Any notice, statement or
demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private
courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows: 

ConvergeOne Holdings, Inc. 

c/o C1 Investment Inc. 
 3344
Highway 149 
 Eagan, Minnesota 55121 

Attention: Jeff Nachbor 
 Phone:
(651) 393-3632 
 Any notice, statement or demand authorized by this Agreement to be given or made by the
holder of any Warrant or by the Company to or on the Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five days after deposit of such notice,
postage prepaid, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows: 
 Continental
Stock Transfer & Trust Company 
 17 Battery Place 

New York, New York 10004 

Attn: Compliance Department 
 with a copy
in each case to: 
 Graubard Miller 

The Chrysler Building 
 405
Lexington Avenue 
 New York, New York 10174 

Attn: David Alan Miller, Esq. 

 and 

Cooley LLP 
 3175 Hanover
Street 
 Palo Alto, CA 94304-1130 

Attn: Mehdi Khodadad, Esq. 

Attn: John T. McKenna, Esq. 

Facsimile No.: (650) 849-7400 

Telephone No.: (650) 843-5000 

and 
 EarlyBirdCapital, Inc. 

366 Madison Avenue, 8th Floor 

New York, New York 10017 

Attn: General Counsel 

9.3. Applicable Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in
all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The Company hereby agrees that any action, proceeding
or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to
such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the
Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.2 hereof. Such mailing shall be deemed personal service
and shall be legal and binding upon the Company in any action, proceeding or claim. 
 9.4. Persons Having Rights under this
Agreement. Nothing in this Agreement expressed and nothing that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than the parties hereto and the
registered holders of the Warrants and, for the purposes of Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof, EBC, any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement
hereof. EBC shall be deemed to be a third-party beneficiary of this Agreement with respect to Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for
the sole and exclusive benefit of the parties hereto (and EBC with respect to the Sections 2.7, 6.4, 7.4, 9.4 and 9.8 hereof) and their successors and assigns and of the registered holders of the Warrants. 

9.5. Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office
of the Warrant Agent in the Borough of Manhattan, City and State of New York, for inspection by the registered holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it. 

 9.6. Counterparts. This Agreement may be executed in any number of original or
facsimile counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

9.7. Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall
not affect the interpretation thereof. 
 9.8 Amendments. This Agreement may be amended by the parties hereto without the
consent of any registered holder for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising
under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the registered holders. All other modifications or amendments, including any amendment to increase the
Warrant Price or shorten the Exercise Period, shall require the written consent or vote of the registered holders of a majority of the then outstanding Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend
the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the registered holders. The provisions of this Section 9.8 may not be modified, amended or deleted without the prior written consent of
EBC.
 9.9 Trust Account Waiver. The Warrant Agent acknowledges and agrees that it shall not make any claims or proceed against
the trust account established by the Company in connection with the Public Offering (as more fully described in the Registration Statement) (“Trust Account”), including by way of set-off, and shall
not be entitled to any funds in the Trust Account under any circumstance. In the event that the Warrant Agent has a claim against the Company under this Agreement, the Warrant Agent will pursue such claim solely against the Company and not against
the property held in the Trust Account. 
 9.10 Severability. This Agreement shall be deemed severable, and the invalidity or
unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties
hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

[signature page follows] 

 IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and
year first above written. 
  

			
	ConvergeOne Holdings, Inc.
		
	By:	 	 /s/ John A. McKenna, Jr

	Name:	 	John A. McKenna, Jr
	Title:	 	President and Chief Executive Officer
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
		
	By:	 	 /s/ Henry Farrell

	Name:	 	Henry Farrell
	Title:	 	Vice President

 [Signature Page to Warrant Agreement]

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