Document:

exv4w249

EXHIBIT 4.249

 

SECOND 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

Closure Systems International B.V. 

and

Closure Systems International Holdings Inc.

as Grantors

and

Closure Systems International (Brazil) Sistemas de Vedação Ltda.

as the Company

 

Dated as of

16 November, 2010

 

 

 

 

SECOND AMENDMENT TO THE QUOTA PLEDGE AGREEMENT 

This Second Amendment to the Quota Pledge Agreement (the “Amendment”) is made as of 16
November, 2010 by and among:

     (a) Closure Systems International B.V., a company, duly organized and existing in
accordance with the laws of the Netherlands, with its registered office at Teleportboulevard 140,
1043EJ Amsterdam, Netherlands, herein duly represented in accordance with its Charter Documents
(together with its successors and permitted assignees, “CSI B.V.”);

     (b) Closure Systems International Holdings Inc., a company duly incorporated and
existing under the laws of the State of Delaware, United States of America (“USA”), with its
registered office in the State of Delaware at National Registered Agents, Inc, 160 Greentree Drive,
Suite 101, Dover, DE 19904 and principal place of business at 6641 West Broad Street, Richmond, VA,
23230, USA, herein duly represented in accordance with its Charter Documents (together with its
successors and permitted assignees, “CSI Holdings” and together with CSI B.V., the
“Grantors”);

     (c) 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

     (d) Closure Systems International (Brazil) Sistemas de Vedação Ltda., a limited
liability company duly organized and existing in accordance with the laws of Brazil, with its
registered office in the City of Barueri, State of São Paulo, at Alameda Araguaia, no 1.819-1.889,
Sítio Tamboré, enrolled with the Brazilian Taxpayers Roll of the Ministry of Finance (CNPJ/MF)
under no 09.074.885/0001-48 (the “Company”).

     WHEREAS, on January 29, 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
May 4, 2010, in respect of an Amendment No. 2 and Incremental Term Loan Assumption Agreement dated
May 4, 2010.

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

     Amendment No. 3 and Incremental Term Loan Assumption Agreement dated September 30, 2010,
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., 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 the Credit Agreement dated as of November 5, 2009, as amended by
Amendment No. 1 dated as of January 21, 2010, and as further amended by Amendment No. 2 dated May
4, 2010.

     WHEREAS, pursuant to an indenture (the “2010 Secured Notes Indenture”) dated October
15, 2010, and entered into between the Escrow Issuers (as defined below), The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as collateral agent, certain secured notes (the “2010 Secured
Notes”) were issued by the Escrow Issuers. On or about the date of this Amendment, the 2010
Secured Notes shall be released from escrow and the obligations of the Escrow Issuers shall be
assumed by the Issuers.

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

     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 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:
	 
	 	 	 	“Escrow Issuers” means RGHL US Escrow I LLC, RGHL US Escrow I Inc. and RGHL
Escrow (Luxembourg) I S.A.
	 
	 	 	 	“2010 Secured Notes Indenture” means the indenture dated October, 15, 2010,
and entered into between the Escrow Issuers, The Bank of New York Mellon, as

 

 

	 	 	 	trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as collateral agent.
	 
	 	 	 	“2010 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 2010 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 as follows:

“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$1,035,000,000 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; which
shall be repaid in full on November 5, 2015 (subject to prepayment and acceleration
provisions);
	 
	 	(ii)	 	an 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 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; which shall be repaid in full on November 5, 2015 (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; which shall
be repaid in full on November 5, 2014 (subject to prepayment and acceleration
provisions);
	 
	 	(iv)	 	an 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; 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$2,770,000,000 with
an interest rate equivalent to the rates set forth in clauses (i) through (iv) above,
as applicable to the 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 a new Schedule A-III
describing the obligations in respect of the 2010 Secured Notes:

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

All obligations owed to the 2010 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 2010 Secured Notes Indenture), including (and
without limitation):

	 	(i)	 	the due and punctual payment of:

	 	(a)	 	(A) US$1,500,000,000 aggregate principal amount on the notes
due 2019 and interest, which shall be paid on October 15 and April 15, at the
rate of 7.125% 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 Issuer to any of the
2010 Secured Notes Indenture Secured Parties under the Senior Secured Note

 

 

	 	 	 	Documents (as such term is defined in the 2010 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 Issuers under or
pursuant to the Senior Secured Note Documents (as such term is defined in the 2010 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 2010 Secured Notes Indenture).

2.1. 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 the 2010 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 2010 Secured Notes Indenture Secured Parties
(including any holder of the 2010 Secured Notes) shall be considered “Secured Parties” for the
purposes of the Pledge Agreement.

     3. 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.

     4. 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.

 

 

     5. 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.

     6. 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.

Closure Systems International B.V.

	 	 	 
	  /s/Guilherme Rodrigues Miranda
 

By: Guilherme Rodrigues Miranda

	 	 
	Title: attorney-in-fact
	 	 

Closure Systems International Holdings Inc

	 	 	 
	  /s/Guilherme Rodrigues Miranda
 

By: Guilherme Rodrigues Miranda

	 	 
	Capacity: attorney-in-fact
	 	 

Closure Systems International (Brazil) Sistemas de Vedação Ltda.

	 	 	 

	  /s/Guilherme Rodrigues Miranda
 

By: Guilherme Rodrigues Miranda

	 	 
	Title: officer
	 	 

 

 

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/Regina Assay AG
 

Name: Regina Assay AG

	 	 
	 	  /s/Andrea Cristina Akaishi
 

Name: Andrea Cristina Akaishi
	 	 
	ID: 8914270

	 	 	 	ID: 22.484.452-0exv4w250

EXHIBIT 4.250

 

SECOND AMENDMENT TO THE PLEDGE AGREEMENT OVER RECEIVABLES AND OTHER CREDIT RIGHTS

between

The Bank of New York Mellon

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

Agreement

and

Closure Systems International (Brazil) Sistemas de Vedação Ltda.

as Grantor

 

Dated as of

16 November, 2010

 

 

 

 

SECOND AMENDMENT TO THE PLEDGE AGREEMENT OVER RECEIVABLES AND OTHER CREDIT RIGHTS

This Second Amendment to the Pledge Agreement over Receivables and Other Credit Rights (the
“Amendment”) is made as of 16 November, 2010 by and among:

     (a) 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

     (b) Closure Systems International (Brazil) Sistemas de Vedação Ltda., a limited
liability company duly organized and existing in accordance with the laws of Brazil, with its
registered office in the City of Barueri, State of São Paulo, at Alameda Araguaia, no 1.819-1.889,
Sítio Tamboré, enrolled with the Brazilian Taxpayers Roll of the Ministry of Finance (CNPJ/MF)
under no 09.074.885/0001-48, herein represented in accordance with its Charter Documents (together
with its successors and permitted assignees, the “Grantor”);

     WHEREAS, on January 29, 2010, the parties hereto entered into the Pledge Agreement over
Receivables and Other Credit Rights (the “Pledge Agreement”).

     WHEREAS, the Pledge Agreement was amended by the Amendment to the Pledge Agreement over
Receivables and Other Credit Rights dated May 4, 2010, in respect of an Amendment No. 2 and
Incremental Term Loan Assumption Agreement dated May 4, 2010.

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

     Amendment No. 3 and Incremental Term Loan Assumption Agreement dated September 30, 2010,
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., 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 the Credit Agreement dated as of November 5, 2009, as amended by Amendment No.
1 dated as of January 21, 2010, and as further amended by Amendment No. 2 dated May 4, 2010.

     WHEREAS, pursuant to an indenture (the “2010 Secured Notes Indenture”) dated October
15, 2010, and entered into between the Escrow Issuers (as defined below), The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent

 

 

and Wilmington Trust (London) Limited as collateral agent, certain secured notes (the
“2010 Secured Notes”) were issued by the Escrow Issuers. On or about the date of this
Amendment, the 2010 Secured Notes shall be released from escrow and the obligations of the Escrow
Issuers shall be assumed by the Issuers.

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

     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 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:
	 
	 	 	 	“Escrow Issuers” means RGHL US Escrow I LLC, RGHL US Escrow I Inc. and RGHL
Escrow (Luxembourg) I S.A.
	 
	 	 	 	“2010 Secured Notes Indenture” means the indenture dated October, 15, 2010,
and entered into between the Escrow Issuers, The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as collateral agent.
	 
	 	 	 	“2010 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 2010 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 as follows:

“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$1,035,000,000 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; which
shall be repaid in full on November 5, 2015 (subject to prepayment and acceleration
provisions);
	 
	 	(ii)	 	an 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 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; which shall be repaid in full on November 5, 2015 (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; which shall
be repaid in full on November 5, 2014 (subject to prepayment and acceleration
provisions);
	 
	 	(iv)	 	an 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; 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$2,770,000,000 with
an interest rate equivalent to the rates set forth in clauses (i) through (iv) above,
as applicable to the 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 a new Schedule A-III
describing the obligations in respect of the 2010 Secured Notes:

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

All obligations owed to the 2010 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 2010 Secured Notes Indenture), including (and
without limitation):

	 	(i)	 	the due and punctual payment of:

	 	(a)	 	(A) US$1,500,000,000 aggregate principal amount on the notes
due 2019 and interest, which shall be paid on October 15 and April 15, at the
rate of 7.125% 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 Issuer to any of the
2010 Secured Notes Indenture Secured Parties under the Senior Secured Note
Documents (as such term is defined in the 2010 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 Issuers under or
pursuant to the Senior Secured Note Documents (as such term is defined in the 2010 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 2010 Secured Notes Indenture).

     2.1. 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 the 2010 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 2010 Secured Notes Indenture
Secured Parties (including any holder of the 2010 Secured Notes) shall be considered “Secured
Parties” for the purposes of the Pledge Agreement.

     3. 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.

     4. 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.

     5. 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.

     6. 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.

Closure Systems International (Brazil) Sistemas de Vedação Ltda.

	 	 	 	 	 
	By:

	 	  /s/Guilherme Rodrigues Miranda
 

	 	 
	Name: Guilherme Rodrigues Miranda	 	 
	Title: officer	 	 

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

	 	 	 	 	 

	By:

	 	  /s/Marcos Canecchio Ribeiro
 

	 	 
	Name: Marcos Canecchio Ribeiro	 	 
	Title: attorney-in-fact	 	 

WITNESSES:

	 	 	 	 	 	 	 

	  /s/Regina Assay AG
 

Name: Regina Assay AG

	 	 
	 	  /s/Andrea Cristina Akaishi
 

Name: Andrea Cristina Akaishi
	 	 
	ID: 8914270

	 	 	 	ID: 22.484.452-0

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"}]]