Document:

exv4w497

EXHIBIT 4.497

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

DATED 8 SEPTEMBER 2011

KAMA EUROPE LIMITED

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

 

 

THIS DEED is made the 8th day of September 2011

BETWEEN:

	(1)	 	KAMA EUROPE LIMITED, a company incorporated in England and Wales with company number
02548722 (the “Chargor”); and
	 
	(2)	 	THE BANK OF NEW YORK MELLON in its capacity as collateral agent as appointed under
the First Lien Intercreditor Agreement for the Secured Parties (the “Collateral Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the debenture dated 1 September 2010 in favour of the
Collateral Agent (the “Debenture”) pursuant to (i) a credit agreement dated as of 5 November
2009 (as subsequently amended) between, among others, Reynolds Group Holdings Inc., Reynolds
Consumer Products Holdings Inc., Closure Systems International Holdings Inc., SIG Euro Holding
AG & Co KGaA, SIG Austria Holding GmbH, Reynolds Group Holdings Limited, Closure Systems
International B.V., Pactiv Corporation, the other borrowers party thereto, the guarantors from
time to time party thereto, the lenders from time to time party thereto, and Credit Suisse AG,
as administrative agent (as amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), (ii) an indenture dated 5 November 2009 between Reynolds Group
Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent, as modified, amended
or supplemented from time to time (the “2009 Senior Secured Notes Indenture”), (iii) an
indenture dated 15 October 2010 and entered into between, among others, RGHL US Escrow I Inc.,
RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited, as additional collateral agent as modified, amended or
supplemented from time to time (the “2010 Senior Secured Notes Indenture”) and (iv) an
indenture dated 1 February 2011 and entered into between, among others, Reynolds Group Issuer
LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer (Luxembourg) S.A. and The Bank of New
York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral
agent and Wilmington Trust (London) Limited, as additional collateral agent as modified,
amended or supplemented from time to time (the “February 2011 Senior Secured Notes
Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture, the
2010 Senior Secured Notes Indenture and the February 2011 Senior Secured Notes Indentures,
certain parties to those documents have entered into a first lien intercreditor agreement
dated 5 November 2009 (as subsequently amended pursuant to Amendment No. 1 and Joinder
Agreement dated as of January 21, 2010) between, among others, The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse AG as representative
under the credit agreement, Wilmington Trust (London) Limited as an additional collateral
agent and each grantor that are parties thereto (the “First Lien Intercreditor Agreement”).

- 1 -

 

	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement dated 9
August 2011 to amend and restate the terms of the Credit Agreement (including Annex A attached
thereto, “Amendment No. 6”).
	 
	(D)	 	Pursuant to an indenture (the “August 2011 Senior Secured Notes Indenture”) dated 9
August 2011 and entered into between, among others, RGHL US Escrow II Inc. and RGHL US Escrow
II LLC (collectively, the “August 2011 Escrow Issuers”) and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited, as additional collateral agent, certain secured notes (the “August
2011 Senior Secured Notes”) were issued by the August 2011 Escrow Issuers. On or about the
date of this agreement, the August 2011 Senior Secured Notes shall be released from escrow,
RGHL US Escrow II Inc. and RGHL US Escrow II LLC shall be merged with and into Reynolds Group
Issuer Inc. and Reynolds Group Issuer LLC (together with Reynolds Group Issuer (Luxembourg)
S.A., the “August 2011 Ultimate Issuers”), respectively, and the obligations of the August
2011 Escrow Issuers shall be assumed by the August 2011 Ultimate Issuers pursuant to one or
more supplemental indentures between, among others, the August 2011 Escrow Issuers, the August
2011 Ultimate Issuers, The Bank of New York Mellon, as trustee, principal paying agent,
transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as
additional collateral agent.
	 
	(E)	 	The obligations in respect of the August 2011 Senior Secured Notes and any Senior
Secured Note Documents (as defined in the August 2011 Senior Secured Notes Indenture) will or
have been designated as “Additional Obligations” under, and in accordance with, section
5.02(c) of the First Lien Intercreditor Agreement and the August 2011 Senior Secured Notes
Indenture and the Senior Secured Note Documents (as defined in the August 2011 Senior Secured
Notes Indenture) are therefore “Additional Agreements” under the First Lien Intercreditor
Agreement (the “Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the August 2011 Senior Secured Notes Indenture
it is necessary for the Chargor to make certain amendments to the Debenture, and enter into
this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.
	 
	2.	 	With effect from the date of this Deed, the Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning given to such term in the Credit
Agreement, the 2009 Senior Secured Notes Indenture, the 2010 Senior Secured Notes
Indenture, the February 2011 Senior Secured Notes Indenture and the August 2011
Senior Secured Notes Indenture and, to the extent of any inconsistency, the meaning
in the Credit Agreement prevails.”

- 2 -

 

	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “August 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Issuers” means the “Issuers” under, and as defined in, the August
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “August 2011
Escrow Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Escrow Issuers” means RGHL US Escrow II Inc. and RGHL US Escrow II
LLC, including their successors in interest.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “August 2011
Senior Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Senior Secured Notes Indenture” means the indenture dated 9 August
2011 among the August 2011 Escrow Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited, as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time and to which Reynolds Group Issuer Inc.,
Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg) S.A. have or will
become a party as issuers by way of RGHL US Escrow II Inc. and RGHL US Escrow II
LLC merging with and into Reynolds Group Issuer Inc. and Reynolds Group Issuer LLC
respectively, and one or more supplemental indentures being entered into between,
among others, the August 2011 Escrow Issuers, Reynolds Group Issuer Inc., Reynolds
Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and
collateral agent and Wilmington Trust (London) Limited, as additional collateral
agent.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement”
shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““Credit Agreement” means the second amended and restated credit agreement dated 9
August 2011 among Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings
Inc., SIG Euro Holding AG & Co. KGaA, Closure Systems International Holdings Inc.,
Closure Systems International B.V., Pactiv Corporation and SIG Austria Holding GmbH
as borrowers, Reynolds Group Holdings Limited, the guarantors from time to time
party thereto, the lenders from time to time party thereto and Credit Suisse AG as
administrative agent, as further amended, extended, restructured, renewed, novated,
supplemented, restated, refunded, replaced or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted in its entirety and replaced with the
following:

- 3 -

 

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

	 	“5.3.2	 	 (a) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and
the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(b) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to
be incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.
	 
	 	 	 	(d) Subject to the terms of the Loan Documents, each August 2011 Issuer
may issue Additional Notes (as defined in the August 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the Credit Agreement as amended by Amendment No.6 and to the

- 4 -

 

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

- 5 -

 

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

	 	 	 	 	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signed as a deed by

	 	/s/ Karen Mower
	 	 	 	 	 	 	)	 
	Name: Karen Mower

	 	 	 	 	 	 	 	 	)	 
	as attorney for

	 	 	 	 	)	 	 	 	 	 
	Kama Europe Limited

	 	 	 	 	)	 	 	 	 	 
	in the presence of:

	 	 	 	 	)	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature of witness

	 	/s/ Stephen Mihaljevic	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name of witness

	 	Stephen Mihaljevic	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Address of witness

	 	Sydney, Australia	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Occupation of witness

	 	Solicitor	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	The Collateral Agent
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signed by

	 	 	 	 	)	 	 	 	 	 
	THE BANK OF NEW YORK MELLON	 	 	)	 	 	 	 	 

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

	Address: 	 	 The Bank of New York Mellon

101 Barclay Street, Floor 4E, New York, NY 10286, USA
	 
	Fax: 	 	 +1 212 815 5366
	 
	Attention: 	 	 International Corporate Trust

- 6 -exv4w498

EXHIBIT 4.498

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

DATED 8 SEPTEMBER 2011

REYNOLDS CONSUMER PRODUCTS (UK) LIMITED

AND

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

 

 

THIS DEED is made the 8th day of September 2011

BETWEEN:

	(1)	 	REYNOLDS CONSUMER PRODUCTS (UK) LIMITED, a company incorporated in England and Wales
with company number 06474046 (the “Chargor”); and
	 
	(2)	 	THE BANK OF NEW YORK MELLON in its capacity as collateral agent as appointed under
the First Lien Intercreditor Agreement for the Secured Parties (the “Collateral Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the debenture dated 2 December 2009 in favour of the
Collateral Agent (the “Debenture”) pursuant to (i) a credit agreement dated as of 5 November
2009 (as subsequently amended) between, among others, Reynolds Group Holdings Inc., Reynolds
Consumer Products Holdings Inc., Closure Systems International Holdings Inc., SIG Euro Holding
AG & Co KGaA, SIG Austria Holding GmbH, Reynolds Group Holdings Limited, Closure Systems
International B.V., Pactiv Corporation, the other borrowers party thereto, the guarantors from
time to time party thereto, the lenders from time to time party thereto, and Credit Suisse AG,
as administrative agent (as amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”), (ii) an indenture dated 5 November 2009 between Reynolds Group
Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent, as modified, amended
or supplemented from time to time (the “2009 Senior Secured Notes Indenture”), (iii) an
indenture dated 15 October 2010 and entered into between, among others, RGHL US Escrow I Inc.,
RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited, as additional collateral agent as modified, amended or
supplemented from time to time (the “2010 Senior Secured Notes Indenture”) and (iv) an
indenture dated 1 February 2011 and entered into between, among others, Reynolds Group Issuer
LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer (Luxembourg) S.A. and The Bank of New
York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral
agent and Wilmington Trust (London) Limited, as additional collateral agent as modified,
amended or supplemented from time to time (the “February 2011 Senior Secured Notes
Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture, the
2010 Senior Secured Notes Indenture and the February 2011 Senior Secured Notes Indentures,
certain parties to those documents have entered into a first lien intercreditor agreement
dated 5 November 2009 (as subsequently amended pursuant to Amendment No. 1 and Joinder
Agreement dated as of January 21, 2010) between, among others, The Bank of New York Mellon as
collateral agent and representative under the indenture, Credit Suisse AG as representative
under the credit agreement, Wilmington Trust (London) Limited as an additional collateral
agent and each grantor that are parties thereto (the “First Lien Intercreditor Agreement”).

- 1 -

 

	(C)	 	The parties to the Credit Agreement have entered into an amendment agreement dated 9
August 2011 to amend and restate the terms of the Credit Agreement (including Annex A attached
thereto, “Amendment No. 6”).
	 
	(D)	 	Pursuant to an indenture (the “August 2011 Senior Secured Notes Indenture”) dated 9
August 2011 and entered into between, among others, RGHL US Escrow II Inc. and RGHL US Escrow
II LLC (collectively, the “August 2011 Escrow Issuers”) and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington
Trust (London) Limited, as additional collateral agent, certain secured notes (the “August
2011 Senior Secured Notes”) were issued by the August 2011 Escrow Issuers. On or about the
date of this agreement, the August 2011 Senior Secured Notes shall be released from escrow,
RGHL US Escrow II Inc. and RGHL US Escrow II LLC shall be merged with and into Reynolds Group
Issuer Inc. and Reynolds Group Issuer LLC (together with Reynolds Group Issuer (Luxembourg)
S.A., the “August 2011 Ultimate Issuers”), respectively, and the obligations of the August
2011 Escrow Issuers shall be assumed by the August 2011 Ultimate Issuers pursuant to one or
more supplemental indentures between, among others, the August 2011 Escrow Issuers, the August
2011 Ultimate Issuers, The Bank of New York Mellon, as trustee, principal paying agent,
transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as
additional collateral agent.
	 
	(E)	 	The obligations in respect of the August 2011 Senior Secured Notes and any Senior
Secured Note Documents (as defined in the August 2011 Senior Secured Notes Indenture) will or
have been designated as “Additional Obligations” under, and in accordance with, section
5.02(c) of the First Lien Intercreditor Agreement and the August 2011 Senior Secured Notes
Indenture and the Senior Secured Note Documents (as defined in the August 2011 Senior Secured
Notes Indenture) are therefore “Additional Agreements” under the First Lien Intercreditor
Agreement (the “Secured Notes Designation”).
	 
	(F)	 	As a consequence of the execution of the August 2011 Senior Secured Notes Indenture
it is necessary for the Chargor to make certain amendments to the Debenture, and enter into
this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.
	 
	2.	 	With effect from the date of this Deed, the Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning given to such term in the Credit
Agreement, the 2009 Senior Secured Notes Indenture, the 2010 Senior Secured Notes
Indenture, the February 2011 Senior Secured Notes Indenture and the August 2011
Senior Secured Notes Indenture and, to the extent of any inconsistency, the meaning
in the Credit Agreement prevails.”

- 2 -

 

	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “August 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Issuers” means the “Issuers” under, and as defined in, the August
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(c)	 	In Clause 1.1. (Definitions) the following new definition of “August 2011
Escrow Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Escrow Issuers” means RGHL US Escrow II Inc. and RGHL US Escrow II
LLC, including their successors in interest.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the following new definition of “August 2011
Senior Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““August 2011 Senior Secured Notes Indenture” means the indenture dated 9 August
2011 among the August 2011 Escrow Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited, as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time and to which Reynolds Group Issuer Inc.,
Reynolds Group Issuer LLC and Reynolds Group Issuer (Luxembourg) S.A. have or will
become a party as issuers by way of RGHL US Escrow II Inc. and RGHL US Escrow II
LLC merging with and into Reynolds Group Issuer Inc. and Reynolds Group Issuer LLC
respectively, and one or more supplemental indentures being entered into between,
among others, the August 2011 Escrow Issuers, Reynolds Group Issuer Inc., Reynolds
Group Issuer LLC, Reynolds Group Issuer (Luxembourg) S.A., The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and
collateral agent and Wilmington Trust (London) Limited, as additional collateral
agent.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement”
shall be deleted in its entirety and replaced with the following:
	 
	 	 	 	““Credit Agreement” means the second amended and restated credit agreement dated 9
August 2011 among Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings
Inc., SIG Euro Holding AG & Co. KGaA, Closure Systems International Holdings Inc.,
Closure Systems International B.V., Pactiv Corporation and SIG Austria Holding GmbH
as borrowers, Reynolds Group Holdings Limited, the guarantors from time to time
party thereto, the lenders from time to time party thereto and Credit Suisse AG as
administrative agent, as further amended, extended, restructured, renewed, novated,
supplemented, restated, refunded, replaced or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted in its entirety and replaced with the
following:

- 3 -

 

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

	 	“5.3.2	 	 (a) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and
the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(b) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to
be incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.
	 
	 	 	 	(d)Subject to the terms of the Loan Documents, each August 2011 Issuer
may issue Additional Notes (as defined in the August 2011 Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the Credit Agreement as amended by Amendment No.6 and to the

- 4 -

 

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

- 5 -

 

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

	 	 	 	 	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signed as a deed by

	 	/s/ Karen Mower
	 	 	 	 	 	 	)	 
	Name: Karen Mower

	 	 	 	 	 	 	 	 	)	 
	as attorney for

	 	 	 	 	)	 	 	 	 	 
	Reynolds Consumer Products (UK) Limited

	 	 	)	 	 	 	 	 
	in the presence of:

	 	 	 	 	)	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signature of witness

	 	/s/ Stephen Mihaljevic	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name of witness

	 	Stephen Mihaljevic	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Address of witness

	 	Sydney, Australia	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Occupation of witness

	 	Solicitor	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	The Collateral Agent
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Signed by

	 	 	 	 	)	 	 	 	 	 
	THE BANK OF NEW YORK MELLON

	 	 	)	 	 	 	 	 

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

	Address: 	 The Bank of New York Mellon

101 Barclay Street, Floor 4E, New York, NY 10286, USA
	 
	Fax: 	+1 212 815 5366
	 
	Attention: 	International Corporate Trust

- 6 -

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"}]]