Document:

exv4w435

EXHIBIT 4.435

     TRADEMARK SECURITY AGREEMENT dated as of May 2, 2011 (this
“Agreement”), between Dopaco, Inc. (the “U.S Grantor”) and
The Bank of New York Mellon, as collateral agent (in such capacity, the
“Collateral Agent”).

          Reference is made to (a) the Collateral Agreement dated as of November 5, 2009 (as amended,
restructured, renewed, novated, supplemented, restated, replaced or otherwise modified from time to
time, the “Collateral Agreement”), among Reynolds Group Holdings Inc. (“RGHI”),
Pactiv Corporation (“Pactiv”), Reynolds Consumer Products Holdings Inc. (the “U.S. Term
Borrower” and, together with RGHI and Pactiv, the “U.S. Term Borrowers”), Closure
Systems International Holdings Inc. (together with the U.S. Term Borrowers, the
“Borrowers”), Reynolds Group Issuer LLC (the “U.S. Issuer”), Reynolds Group Issuer
Inc. (the “U.S. Co-Issuer” and, together with the U.S. Issuer, the “Issuers”), the
Subsidiaries of Reynolds Group Holdings Limited (“Holdings”) from time to time party
thereto and the Collateral Agent, (b) the Amended and Restated Credit Agreement dated as of
February 9, 2011 (as amended, extended, restructured, renewed, novated, supplemented, restated,
refunded, replaced or otherwise modified from time to time, the “Credit Agreement”), among
the Borrowers, the European Borrowers (as defined therein), Holdings, the guarantors from time to
time party thereto, the lenders from time to time party thereto (the “Lenders”) and Credit
Suisse AG, as administrative agent, (c) the Indenture dated as of November 5, 2009 (as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or otherwise
modified from time to time, the “2009 Senior Secured Note Indenture”), among Reynolds Group
Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee (in such
capacity, the “2009 Indenture Trustee”), principal paying agent, transfer agent and
collateral agent and The Bank of New York Mellon, London Branch, as paying agent, (d) the Indenture
dated as of October 15, 2010 (as amended, extended, restructured, renewed, refunded, novated,
supplemented, restated, replaced or otherwise modified from time to time, the “2010 Senior
Secured Note Indenture”), among RGHL US Escrow I LLC, RGHL US Escrow I Inc., RGHL Escrow Issuer
(Luxembourg) I S.A., The Bank of New York Mellon, as trustee (in such capacity, the “2010
Indenture Trustee”), principal paying agent, registrar and transfer agent and The Bank of New
York Mellon, London Branch, as paying agent, (e) the Indenture dated as of February 1, 2011 (as
amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or
otherwise modified from time to time, the “2011 Senior Secured Note Indenture”, and
together with the 2009 Senior Secured Note Indenture and the 2010 Senior Secured Note Indenture,
the “Senior Secured Note Indentures”) among Reynolds Group Issuer LLC, Reynolds Group
Issuer Inc., Reynolds Group Issuer (Luxembourg) S.A., the Senior Secured Note Guarantors (as
defined therein), The Bank of New York Mellon, as trustee (in such capacity, the “2011
Indenture Trustee”), principal paying agent, registrar, transfer agent and collateral agent,
Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon,
London Branch, as paying agent. The Lenders have agreed to extend credit
to the Borrowers pursuant to, and upon the terms and conditions specified in, the Credit
Agreement. The Senior Secured Note Holders have agreed to extend credit to the Issuers

 

 

pursuant
to, and upon the terms and conditions specified in, the Senior Secured Note Indentures. The parties
hereto agree as follows:

          SECTION 1. Terms. Capitalized terms used in this Agreement and not otherwise defined
herein have the meanings specified pursuant to the Collateral Agreement. The rules of construction
specified in Section 1.01(b) of the Collateral Agreement also apply to this Agreement.

          SECTION 2. Grant of Security Interest. The U.S. Grantor hereby assigns and pledges
to the Collateral Agent, its successors and permitted assigns, for the ratable benefit of the
Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns,
for the ratable benefit of the Secured Parties, a Security Interest in all of the U.S. Grantor’s
right, title or interest in, to and under all of the Trademarks of the U.S. Grantor (including
those listed on Schedule I hereto) now owned or at any time hereafter acquired by the U.S.
Grantor or in which the U.S. Grantor now has or at any time in the future may acquire any right,
title or interest as security for the payment or performance, as the case may be, in full of the
Obligations.

          SECTION 3. Purpose. This Agreement has been executed and delivered by the parties
hereto for the purpose of recording the grant of the Security Interest with the United States
Patent and Trademark Office. This Agreement is expressly subject to the terms and conditions set
forth in the Collateral Agreement.

          SECTION 4. Collateral Agreement. The U.S. Grantors hereby acknowledge and affirm
that the rights and remedies of the Collateral Agent with respect to the Trademarks are more fully
set forth in the Collateral Agreement, the terms and provisions of which are hereby incorporated
herein by reference as if fully set forth herein. In the event of any conflict between the terms
of this Agreement and the Collateral Agreement, the terms of the Collateral Agreement shall govern.

          SECTION 5. Counterparts. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original but
all of which when taken together shall constitute a single contract. Delivery of an executed
signature page to this Agreement by facsimile transmission or other customary means of electronic
transmission shall be effective as delivery of a manually signed counterpart of this Agreement.

[Remainder of this page intentionally left blank]

2

 

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

	 	 	 	 	 
	 	DOPACO, INC.

 	 
	 	By  	/s/ Helen Golding
 	 
	 	 	Name:  	Helen Golding 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, 
as Collateral
Agent,

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

 

 

Schedule I

Trademarks

DOPACO, INC.

U.S. Trademark Registrations

	 	 	 	 	 
	Mark	 	Reg. Date	 	Reg. No.
	DOPACO D
	 	9/4/1990
	 	1,612,042exv4w436

EXHIBIT 4.436

The taking of this document or any certified copy of it or any other document which constitutes

substitute documentation for it, or any document which includes written confirmations or references

to it, into Austria as well as printing out any e-mail communication which refers to this document

in Austria or sending any e-mail communication to which a pdf scan of this document is attached to

an Austrian addressee or sending any e-mail communication carrying an electronic or digital

signature which refers to this document to an Austrian addressee may cause the imposition of

Austrian stamp duty. Accordingly, keep the original document as well as all certified copies

thereof and written and signed references to it outside of Austria and avoid printing out any

e-mail communication which refers to this document in Austria or sending any e-mail communication

to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail

communication carrying an electronic or digital signature which refers to this document to an

Austrian addressee.

 

 

THIRD AMENDMENT TO THE QUOTA PLEDGE AGREEMENT

Among

The Bank of New York Mellon

as Collateral Agent for the benefit of the Secured Parties under
the First Lien Intercreditor
Agreement

and

SIG Austria Holding GmbH

as Grantor

and

SIG Combibloc do Brasil Ltda.

as the Company

 

Dated as of

7 June, 2011

 

 

 

 

 

THIRD AMENDMENT TO THE QUOTA PLEDGE AGREEMENT

This Third Amendment to the Quota Pledge Agreement (the “Amendment”) is made as of
June 7, 2011 by and among:

     (a) SIG Austria Holding GmbH, a limited liability company duly organized and existing
in accordance with the laws of Austria, with its registered office at Industriestrasse 3, 5760
Saalfelden, Austria, registered in the commercial register (Firmenbuch) of the County Court
Salzburg under registration number 236071 p, Austria, herein duly represented in accordance with
its Charter Documents (together with its successors and permitted assignees, “Grantor”);

     (b) The Bank of New York Mellon, a financial institution duly organized and existing
under the laws of the State of New York, with its registered office at One Wall Street, New York,
New York, enrolled with the Brazilian Taxpayers Roll of the Ministry of Finance (CNPJ/MF) under no
09.214.177/0001-65, acting exclusively in the capacity as collateral agent of and for the benefit
of the Secured Parties under the First Lien Intercreditor Agreement (together with its successors
and permitted assignees in such capacity, the “Collateral Agent”); and

     (c) SIG Combibloc do Brasil Ltda., a limited liability company duly organized and
existing in accordance with the laws of Brazil, with its registered office in the City of São
Paulo, State of São Paulo, at Rua Chedid Jafet, no 222, Torre B, conjunto 42, of Edifício Millenium
Office Park, Vila Olímpia, CEP 04551-065, enrolled with the Brazilian Taxpayers Roll of the
Ministry of Finance (CNPJ/MF) under no 01.861.489/0001-59 (the “Company”).

     WHEREAS, on March 30, 2010, the parties hereto entered into the Quota Pledge Agreement (the
“Pledge Agreement”);

     WHEREAS, the Pledge Agreement was amended by the Amendment to the Quota Pledge Agreement dated
August 27, 2010, in respect of an Amendment No. 2 and Incremental Term Loan Assumption Agreement
dated May 4, 2010, and further amended by the Second Amendment to the Quota Pledge Agreement dated
January 14, 2011, in respect of an Amendment No. 3 and Incremental Term Loan Assumption Agreement
dated September 30, 2010 and a Senior Secured Notes Indenture dated October 15, 2010;

     WHEREAS, the following document (“Credit Agreement Amendment and Restatement”) was
entered into on the dates, and by and among the parties, described below:

     Amendment No. 4 and Incremental Term Loan Assumption Agreement dated February 9, 2011, entered
into by and among, including others, Reynolds Group Holdings Inc., Reynolds Consumer Products
Holdings Inc., Closure Systems International Holdings Inc., SIG Euro Holding AG & Co. KGaA, SIG
Austria Holding GmbH, Closure Systems International B.V., Pactiv Corporation, Reynolds Group Holdings Limited, the Guarantors from time to time party

 

 

thereto, the Lenders from time to time party thereto and Credit Suisse AG (formerly known as Credit
Suisse), as administrative agent for the Lenders, related to and amending and restating the Credit
Agreement dated as of November 5, 2009, as previously amended by an Amendment No. 1 dated as of
January 21, 2010, an Amendment No. 2 dated May 4, 2010 and an Amendment No. 3 dated September 30,
2010, and as further amended, extended, restructured, renewed, novated, supplemented, restated,
replaced or modified from time to time.

     WHEREAS, pursuant to an indenture (the “February 2011 Secured Notes Indenture”) dated
February 1, 2011, and entered into between the February 2011 Issuers (as defined below), The Bank
of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral
agent, The Bank of New York Mellon London Branch as paying agent and Wilmington Trust (London)
Limited as additional collateral agent, certain secured notes (the “February 2011 Secured
Notes”) were issued by the February 2011 Issuers.

     WHEREAS, the obligations in respect of the February 2011 Secured Notes Indenture and any
Senior Secured Note Documents (as defined therein) have been designated as “Additional Obligations”
under, and in accordance with, section 5.02(c) of the First Lien Intercreditor Agreement (the
“Secured Notes Designation”).

     WHEREAS, the parties recognize and agree that the security interest created under the Pledge
Agreement shall extend to secure, in addition to the obligations currently secured thereby, the
obligations created under the Credit Agreement Amendment and Restatement and the Additional
Documents (as defined under the First Lien Intercreditor Agreement) in respect of the Secured Notes
Designation (“Additional Covered Obligations”).

     NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants contained
herein, the parties hereto agree as follows:

     1. Defined Terms. Capitalized terms used and not otherwise defined in this Amendment
are used herein and in any notice given under this Amendment with the same meanings ascribed to
such terms in the Pledge Agreement and in the First Lien Intercreditor Agreement, as applicable.
All terms defined in this Amendment shall have the defined meanings contained herein when used in
any certificate or other document made or delivered pursuant hereto unless otherwise defined
therein.

     2. Amendment. The parties hereto agree to amend the Pledge Agreement as follows, such
amendments to be in force and effect as of the date hereof:

	 	(a)	 	The following new definitions will be inserted at the appropriate place in
alphabetical order with the following wording:
	 
	 	 	 	“February 2011 Issuers” means Reynolds Group Issuer Inc., Reynolds Group Issuer LLC
and Reynolds Group Issuer (Luxembourg) S.A.

 

 

	 	 	 	“February 2011 Secured Notes Indenture” means the indenture dated February
1, 2011, and entered into between the February 2011 Issuers, The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral
agent, The Bank of New York Mellon London Branch as paying agent and Wilmington
Trust (London) Limited as additional collateral agent.
	 
	 	 	 	“February 2011 Secured Notes Indenture Secured Parties” shall mean such
entities as fall within the definition of “Additional Secured Parties” under the
First Lien Intercreditor Agreement as a result of the designation of the obligations
in respect of the February 2011 Secured Notes Indenture and the Senior Secured Note
Documents (as defined therein) being “Additional Obligations” under the First Lien
Intercreditor Agreement.

     (b) In order to evidence the extension of the security interest created under the Pledge
Agreement to the Additional Covered Obligations, the Parties agree to amend the description of the
Secured Obligations contained in Schedule A-I of the Pledge Agreement to read as follows:

I — Description of the Secured Obligations under the Loan Documents

A) All obligations owed to the Secured Parties now existing or hereafter arising, direct or
indirect, absolute or contingent, due or to become due, under the Loan Documents, including (and
without limitation): 

	 	(i)	 	a senior secured U.S. term loan facility in an aggregate principal amount not
in excess of US$2,325,000,000 with an interest rate equivalent to the Applicable Margin
plus (a) (i) the greater of 1.00% per annum and (ii) (x) the LIBO Rate in effect for
such Interest Period and (y) Statutory Reserves or (b) the Alternate Base Rate as
applicable; which shall be repaid in full on February 9, 2018 (subject to prepayment
and acceleration provisions);
	 
	 	(ii)	 	a European term loan facility in an aggregate principal amount of approximately
€250,000,000 with an interest rate equivalent to the Applicable Margin plus (a) (i) the
greater of 1.50% per annum and (ii) (x) the EURIBO Rate in effect for such Interest
Period plus (y) Mandatory Cost or (b) in the case of loans denominated in
Euro, the Foreign Base Rate as applicable; which shall be repaid in full on
February 9, 2018 (subject to prepayment and acceleration provisions);
	 
	 	(iii)	 	a senior secured U.S. revolving loan facility in an aggregate principal amount
of approximately US$120,000,000, which principal amounts include sub-limits for letter
of credit facilities with an interest rate equivalent to the Applicable Margin plus (a)
(i) the greater of 2.00% per annum and (ii) (x) the LIBO Rate in effect for such
Interest Period and (y) Statutory Reserves or (b) the Alternate Base Rate as
applicable; which shall be repaid in full on November 5, 2014 (subject to prepayment
and acceleration provisions);

 

 

	 	(iv)	 	a European revolving loan facility in an aggregate principal amount of
approximately €80,000,000, which principal amounts include sub-limits for letter of
credit facilities with an interest rate equivalent to the Applicable Margin plus (a)
(i) the greater of 2.00% per annum and (ii) (x) the EURIBO Rate in effect for such
Interest Period plus (y) Mandatory Cost or (b) in the case of loans denominated in
Euro, the Foreign Base Rate as applicable; which shall be repaid in full on November 5,
2014 (subject to prepayment and acceleration provisions); and
	 
	 	(v)	 	incremental loan facilities in a principal amount up to US$750,000,000 with an
interest rate equivalent to the rates set forth in clauses (i) through (iv) above, as
applicable to the relevant incremental loan facility; which shall be repaid in full as
set forth in clauses (i) through (iv) above, as applicable to the incremental loan
facility or such other as set out in the relevant Incremental Assumption Agreement,
which date shall be earlier than the dates set forth above as applicable to the
incremental loan facility (subject to prepayment and acceleration provisions).

B) all other obligations, advances, debts and liabilities owed to the Credit Agreement’s Secured
Parties, including indemnities, fees and interest incurred under, arising out of or in connection
with the Credit Agreement.

Definitions

For the purpose of this item “I” of this Schedule A all capitalized terms used and not
otherwise defined in this Agreement shall have the meaning ascribed to such terms in the Credit
Agreement.

(c) In order to evidence the extension of the security interest created under the Pledge Agreement
to the Additional Covered Obligations, the Parties also agree to insert Schedule A-IV describing
the obligations in respect of the February 2011 Secured Notes:

IV — Description of the Obligations Under the Senior Secured Note Documents 

(Relating to the February 2011 Secured Notes Indenture)

All obligations owed to the February 2011 Secured Notes Indenture Secured Parties now existing or
hereafter arising, direct or indirect, absolute or contingent, due or to become due, under the
Senior Secured Note Documents (as such term is defined in the February 2011 Secured Notes
Indenture), including (and without limitation):

	 	(i)	 	the due and punctual payment of:

 

 

	 	(a)	 	(A) US$1,000,000,000 aggregate principal amount on the notes
due 2021 and interest, which shall be paid on February 15 and August 15, at the
rate of 6.875% per annum (including interest accruing during the pendency of
any bankruptcy, insolvency, receivership or other similar proceeding,
regardless of whether allowed or allowable in such proceeding) on the notes,
when and as due, whether at maturity, by acceleration, upon one or more dates
set for prepayment or otherwise; and
	 
	 	(b)	 	all other monetary obligations of any February 2011 Issuer to
any of the February 2011 Secured Notes Indenture Secured Parties under the
Senior Secured Note Documents (as such term is defined in the February 2011
Secured Notes Indenture), including fees, costs, expenses and indemnities,
whether primary, secondary, direct, contingent, fixed or otherwise (including
monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding).

	 	(ii)	 	the due and punctual performance of all other obligations of the February 2011 Issuers
under or pursuant to the Senior Secured Note Documents (as such term is defined in the
February 2011 Secured Notes Indenture); and
	 
	 	(iii)	 	the due and punctual payment and performance of all the obligations of each other
obligor under or pursuant to the Senior Secured Note Documents (as such term is defined in
the February 2011 Secured Notes Indenture).

(d) For the avoidance of doubt, the parties agree that, as a result of this amendment: (i) the
obligations created under the Credit Agreement Amendment and Restatement and the February 2011
Secured Notes Indenture and the Senior Secured Note Documents (as defined therein) shall be
considered “Secured Obligations” for the purposes of the Pledge Agreement; and (ii) any February
2011 Secured Notes Indenture Secured Parties (including any holder of the February 2011 Secured Notes) shall be considered “Secured Parties” for the purposes of the Pledge Agreement.

     2. Registration of this Amendment. The Grantor, at its expense, shall within 20
(twenty) days from the execution date of this Amendment, (i) cause the signature of the parties who
have signed this Amendment outside Brazil to be notarized by a public notary and consularized at
the local Brazil consulate, (ii) cause this Amendment to be translated into Portuguese by a sworn
translator (tradutor público juramentado), and (iii) have this Amendment, together with its sworn
translation (tradução juramentada) into Portuguese, annotated at the margin of the registration of
the Pledge Agreement with the competent Registry of Deeds and Documents (Cartório de Registro de
Títulos e Documentos) in Brazil pursuant to Article 128 of Law No. 6,015 of December 31, 1973. The
Grantor shall, promptly after such registration deliver to the Collateral Agent evidence of such
registration in form and substance satisfactory to the Collateral Agent. All expenses incurred in
connection with such registrations shall be borne by the Grantor.

 

 

Notwithstanding the foregoing, the Collateral Agent, at its sole discretion, may decide to
undertake any of the registrations, translations, filings and other formalities described herein if
Grantor fails to do so, whereupon the Grantor shall reimburse the Collateral Agent promptly of any
and all costs and expenses incurred by it related to such registrations, translations, filings and
other formalities in accordance with the provisions of the Principal Finance Documents.

     3. Effectiveness of the Pledge Agreement. All the provisions of the Pledge Agreement
not expressly amended as a result of this Amendment shall remain in full force and effect.

     4. Security Document. The Parties agree that this Amendment shall be deemed a
“Security Document” for the purposes of and as defined in the First Lien Intercreditor Agreement
(and for no other purpose) and that, accordingly, all rights, duties, privileges, protections and
benefits of the Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby
incorporated by reference.

     5. Governing Law; Jurisdiction. This Amendment shall be governed by and construed and
interpreted in accordance with the laws of Brazil. The parties irrevocably submit to the
jurisdiction of the courts sitting in the City of São Paulo, State of São Paulo, Brazil, any action
or proceeding to resolve any dispute or controversy related to or arising from this Amendment and
the parties irrevocably agree that all claims in respect of such action or proceeding may be heard
and determined in such courts, with the express waiver of the jurisdiction of any other court,
however privileged it may be.

 

 

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed in the presence of
the undersigned witnesses.

	 	 	 	 	 
	 	SIG Austria Holding GmbH

 	 
	 	/s/ Edimara Iansen Wieczorek
 	 
	 	By: Edimara Iansen Wieczorek 	 
	 	Title:  	attorney-in-fact 	 
	 

	 	 	 	 	 
	 	SIG Combibloc do Brasil Ltda.

 	 
	 	/s/ Ricardo Lança Rodriguez
 	 
	 	By: Ricardo Lança Rodriguez 	 
	 	Title:  	Manager 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ Antonio Luiz Tafner-Ferreira
 	 
	 	By: Antonio Luiz Tafner-Ferreira 	 
	 	Title:  	Manager 	 
	 

The Bank of New York Mellon as Collateral Agent acting as agent of and for the benefit of
the Secured Parties

	 	 	 	 	 
	 	 	 
	 	/s/ Marcos Canecchio Ribeiro
 	 
	 	By: Marcos Canecchio Ribeiro 	 
	 	Title:  	attorney-in-fact 	 
	 

	 	 	 

	WITNESSES:
	 	 
	 
	 	 
	/s/ Luciano Wolf de Almeida

	 	/s/ Andréa Ribeiro
	 

	 	 
	Name: Luciano Wolf de Almeida

	 	Name: Andréa Ribeiro
	ID:

	 	ID:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]