Document:

First Amendment to U.S. Guarantee Agreement

 Exhibit 4.7 

FIRST AMENDMENT TO U.S. GUARANTEE AGREEMENT 

FIRST AMENDMENT TO U.S. GUARANTEE AGREEMENT (this “Agreement”) dated as of June 15, 2010, among each of the
subsidiaries signatory hereto (each such subsidiary individually, a “Guarantor” and collectively, the “Guarantors”) of CROWN AMERICAS LLC, a Pennsylvania limited liability company (“U.S. Borrower”),
and DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (“Administrative Agent”) for the Secured Parties. 

Reference is made to the U.S. Guarantee Agreement dated as of November 18, 2005 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Guarantee”) by certain Guarantors in favor of the Administrative Agent, as administrative agent for the Secured Parties. 

Reference also is made to the Credit Agreement dated as of November 18, 2005 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Credit Agreement”), among U.S. Borrower, CROWN EUROPEAN HOLDINGS SA, a corporation organized under the laws of France, CROWN METAL PACKAGING CANADA LP, a limited partnership formed under
the laws of the Province of Ontario, Canada, each of the subsidiary borrowers referred to therein, CROWN HOLDINGS, INC. (“Crown Holdings”), CROWN INTERNATIONAL HOLDINGS, INC. and CROWN CORK & SEAL COMPANY, INC., as Parent
Guarantors, the financial institutions from time to time party thereto (the “Lenders”), DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (in such capacity, “Administrative Agent”), for the Original Dollar
Revolving Lenders, the Extended Dollar Revolving Lenders, the Term B Dollar Lenders and the New Domestic Lenders from time to time party to the Credit Agreement and any other Term Lenders that advance Term Loans to U.S. Borrower or any U.S.
Subsidiary, DEUTSCHE BANK AG NEW YORK BRANCH, as U.K. administrative agent for the Euro Term B Lenders, the Original Euro Revolving Lenders, the Multicurrency Revolving Lenders and the New Non-Domestic Lenders from time to time party to the Credit
Agreement and any other Term Lenders that from time to time advance Term Loans to any Non-U.S. Subsidiary of Crown Holdings and THE BANK OF NOVA SCOTIA, as Canadian administrative agent for the Canadian Revolving Lenders from time to time party to
the Credit Agreement. 
 Pursuant to the terms of the Fourth Amendment to Credit Agreement dated as of June 15, 2010 (the
“Fourth Amendment”), certain of the Revolving Lenders and the Canadian Revolving Lenders have agreed to extend the Revolver Termination Date and the Canadian Revolver Termination Date of each of their Revolving Commitments or
Canadian Revolving Commitments, as applicable, and to convert such extended Revolving Commitments from Original Euro Revolving Commitments and/or Original Dollar Revolving Commitments into Multicurrency Revolving Commitments and/or Extended Dollar
Revolving Commitments, as applicable, as more specifically described in the Fourth Amendment. 
 In connection with the
transactions contemplated by the Fourth Amendment, the Lenders have requested that the Guarantors execute and deliver this Agreement, and each of the Guarantors has agreed to do so pursuant to the terms hereof. 

 Terms used in these recitals without definition shall have the meanings assigned to such
terms in the Credit Agreement (as amended by the Fourth Amendment). 
 This Agreement constitutes a Loan Document and these
recitals shall be construed as part of this Agreement. 
 NOW, THEREFORE, in consideration of the premises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby agrees as follows: 

SECTION 1. Definitions. Capitalized terms used herein (other than those terms used in the recitals hereto) but not otherwise
defined herein shall have the meanings given thereto in the Guarantee. 
 SECTION 2. Amendments. 

 

	 	(a)	The Guarantee is hereby amended by amending and restating each of the first recital thereto, as well as Recital A to Annex 1 to the Guarantee, in its entirety to read,
in each case, as follows: 

 “Reference is made to the Credit Agreement dated as of November 18, 2005
(as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among U.S. Borrower, CROWN EUROPEAN HOLDINGS SA, a corporation organized under the laws of France (“European
Borrower”), CROWN METAL PACKAGING CANADA LP, a limited partnership formed under the laws of the Province of Ontario, Canada (“Canadian Borrower”), each of the subsidiary borrowers referred to therein (the
“Subsidiary Borrowers” and together with the U.S. Borrower, the Canadian Borrower and the European Borrower, the “Borrowers”), CROWN HOLDINGS, INC. (“Crown Holdings”), CROWN INTERNATIONAL HOLDINGS,
INC. (“Crown International”) and CROWN CORK & SEAL COMPANY, INC. (“CCSC”), as Parent Guarantors, the financial institutions from time to time party thereto (the “Lenders”), DEUTSCHE BANK AG
NEW YORK BRANCH, as administrative agent (in such capacity, “Administrative Agent”), for the Original Dollar Revolving Lenders, the Extended Dollar Revolving Lenders, the Term B Dollar Lenders and the New Domestic Lenders from time
to time party to the Credit Agreement and any other Term Lenders that advance Term Loans to U.S. Borrower, DEUTSCHE BANK AG NEW YORK BRANCH, as U.K. administrative agent for the Euro Term B Lenders, the Original Euro Revolving Lenders, the
Multicurrency Revolving Lenders and the New Non-Domestic Lenders from time to time party to the Credit Agreement and any other Term Lenders that from time to time advance Term Loans to any Non-U.S. Subsidiary of Crown Holdings (such lenders, the
“Euro Lenders”) (in such capacity, “U.K. Administrative Agent”) and THE BANK OF NOVA SCOTIA, as Canadian administrative agent (“Canadian Administrative Agent”) for the Canadian Revolving Lenders
from time to time party to the Credit Agreement.” 
  

 -2- 

	 	(b)	Section 1 of the Guarantee is hereby amended and restated in its entirety to read as follows: 

“Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, as a primary obligor and not merely as
a surety, to the Administrative Agent as Agent of, the Lenders, (a) the due and punctual payment of (i) the principal of and premium, if any, and interest (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 Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each
payment required to be made by any Borrower under the Credit Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral,
and (iii) all other monetary obligations, 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), in each case, of the Credit Parties to the Secured Parties under the Credit Agreement and the other Loan Documents, (b) the
due and punctual payment and performance of all covenants, agreements, obligations and liabilities of the Credit Parties under or pursuant to the Credit Agreement and the other Loan Documents, (c) the due and punctual payment and performance of
all monies, obligations (including the obligations to make payments in the event of early termination) and other liabilities of (I) any Credit Party in respect of overdrafts and related liabilities and obligations arising from any Bank Related
Cash Management Agreement (as defined in the Credit Agreement) or (II) Canadian Borrower or any of its Subsidiaries in respect of liabilities and obligations arising from any B/A Loan, and (d) the due and punctual payment and performance of all
monies, obligations (including the obligations to make payments in the event of early termination) and other liabilities of Borrowers or any of their respective Subsidiaries under each Hedging Agreement existing on the date hereof with any
counterparty that was a Lender or an Affiliate of a Lender on the date hereof and each Hedging Agreement entered into with a counterparty that was a Lender (or an Affiliate of a Lender) at the time such Hedging Agreement was entered into (all the
monetary and other obligations referred to in the preceding clauses (a) through (d) being collectively called the “Obligations”). Each Guarantor further agrees that the Obligations may be extended, amended, increased or
renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Obligation.” 

 

	 	(c)	The introductory paragraph to Annex 1 to the Guarantee is hereby amended by adding the words “as amended, restated or otherwise modified from time to time,”
before the words “(the “U.S. Guarantee Agreement”)” therein. 

  

 -3- 

	 	(d)	Recital B to Annex 1 to the Guarantee is hereby amended and restated in its entirety to read as follows: 

“Capitalized terms used without definition shall have the meanings assigned to such terms in the U.S. Guarantee Agreement (as
amended) and the Credit Agreement (as amended).” 
 SECTION 3. Covenants, Representations and Warranties.

  

	 	(a)	Each Guarantor hereby reaffirms all covenants, representations and warranties made by it in the Guarantee and agrees that all such covenants, representations and
warranties shall be deemed to have been re-made as of the effective date of this Agreement (except to the extent such covenants, representations and warranties expressly relate to a prior date). 

 

	 	(b)	Each Guarantor hereby represents and warrants (i) that this Agreement constitutes the legal, valid and binding obligation of such Guarantor enforceable against
such Guarantor in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general principles of equity
which may limit the availability of equitable remedies (regardless of whether enforcement is sought in equity or at law) and (ii) upon the effectiveness of this Agreement, no Unmatured Event of Default or Event of Default shall have occurred
and be continuing. 

 SECTION 4. Reaffirmation of Guarantee. Each Guarantor affirms and acknowledges that,
except as specifically amended above, the Guarantee shall remain in full force and in effect and is hereby ratified and confirmed by such Guarantor. 

SECTION 5. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW
YORK. 
 SECTION 6. Communications. All communications and notices hereunder shall be in writing and given as
provided in Section 14 of the Guarantee. 
 SECTION 7. Headings. Section headings in this Agreement are included
herein for convenience of reference only and shall not constitute a part of this Agreement for any other purposes. 
 SECTION 8.
Severability. In case any one or more of the provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in
the Guarantee shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision hereof in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other
jurisdiction). The parties hereto shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
  

 -4- 

 SECTION 9. Execution in Counterparts. This Agreement may be executed in one or more
counterparts, each of which, when executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same document with the same force and effect as if the signatures of all of
the parties were on a single counterpart, and it shall not be necessary in making proof of this Agreement to produce more than one (1) such counterpart. Delivery of an executed signature page to this Agreement by telecopy shall be deemed to
constitute delivery of an originally executed signature page hereto. 
 [Signature Page Follows] 

 

 -5- 

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

					
	CENTRAL STATES CAN CO. OF PUERTO RICO, INC.
	CROWN BEVERAGE PACKAGING, INC.
	CROWN CONSULTANTS, INC.
	CROWN CORK & SEAL COMPANY (DE), LLC
	CROWN CORK & SEAL USA, INC.
	CROWN PACKAGING TECHNOLOGY, INC.
	CROWN BEVERAGE PACKAGING PUERTO RICO, INC.
	CROWN FINANCIAL CORPORATION
	CROWN FINANCIAL MANAGEMENT, INC.
	FOREIGN MANUFACTURERS FINANCE CORPORATION
	NWR, INC.
	CR USA, INC.
	CROWN AMERICAS CAPITAL CORP.
	CROWN AMERICAS CAPITAL CORP. II
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Authorized Officer
	
	DEUTSCHE BANK AG NEW YORK BRANCH as Administrative Agent,
		
	By:	 	 /s/ Enrique Landaeta

		 	Name:	 	Enrique Landaeta
		 	Title:	 	Vice President
		
	By:	 	 /s/ Erin Morrissey

		 	Name:	 	Erin Morrissey
		 	Title:	 	Vice PresidentFirst Amendment to Second Amended and Restated U.S. Intercreditor Agmt.

 Exhibit 4.8 

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED U.S. 

INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT 

This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED U.S. INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT (this
“Agreement”), is entered into as of June 15, 2010 by and among (i) DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (in such capacity, together with its successors and assigns, the “Administrative
Agent”) for the Term B Dollar Lenders, Original Dollar Revolving Lenders, Extended Dollar Revolving Lenders, New Domestic Lenders from time to time party to the Credit Agreement (as defined below) and any other Term Lenders that from time
to time advance Term Loans to Crown Holdings (as defined below) or any U.S. Subsidiary of Crown Holdings, (ii) DEUTSCHE BANK AG NEW YORK BRANCH, as U.K. administrative agent (in such capacity, together with its successors and assigns,
“U.K. Agent” and together with the Administrative Agent, the “Bank Agents”) for the Original Euro Revolving Lenders and Multicurrency Revolving Lenders, the Term B Euro Lenders and the New-Non Domestic Lenders from
time to time party to the Credit Agreement and any other Lenders that from time to time advance Additional Term Loans to any Non-U.S. Subsidiary of Crown Holdings, (iii) THE BANK OF NOVA SCOTIA, as Canadian administrative agent (in such
capacity, together with its successors and assigns, “Canadian Administrative Agent”), for the Canadian Revolving Lenders from time to time party to the Credit Agreement (iv) DEUTSCHE BANK AG NEW YORK BRANCH, as U.S. Collateral
Agent, (v) CROWN HOLDINGS, INC. (“Crown Holdings”), (vi) CROWN AMERICAS LLC (“Crown Usco”), (vii) CROWN CORK & SEAL COMPANY, INC. (“CCSC”), (viii) CROWN INTERNATIONAL
HOLDINGS, INC. (“Crown International”), and (ix) the U.S. subsidiaries of Crown Usco signatory hereto. Capitalized terms used but not otherwise defined in these recitals shall have the meanings ascribed thereto in the Credit
Agreement (as amended by the Fourth Amendment (as defined below)). 
 WHEREAS, Bank Agents, Canadian Administrative Agent, First
Priority Notes Trustee, U.S. Collateral Agent, Crown Holdings, CCSC, Crown International, Crown Usco and certain subsidiaries of Crown Usco are party to that certain Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement,
dated as of November 18, 2005 (as amended, restated or otherwise modified, the “Intercreditor Agreement”); 

WHEREAS, reference is made to the Credit Agreement dated as of November 18, 2005 (as amended, supplemented, amended and restated or
otherwise modified from time to time, the “Credit Agreement”), among Crown Usco, CROWN EUROPEAN HOLDINGS SA, a corporation organized under the laws of France, CROWN METAL PACKAGING CANADA LP, a limited partnership formed under the
laws of the Province of Ontario, Canada, each of the subsidiary borrowers referred to therein, Crown Holdings, Crown International and CCSC, as Parent Guarantors, the financial institutions from time to time party thereto, Administrative Agent, U.K.
Agent and Canadian Administrative Agent. 
 WHEREAS, pursuant to the terms of the Fourth Amendment to Credit Agreement dated as
of June 15, 2010 (the “Fourth Amendment”), certain of the Revolving Lenders and the Canadian Revolving Lenders have agreed to extend the Revolver Termination Date and the Canadian Revolver Termination Date of each of their
Revolving Commitments or Canadian Revolving Commitments, as applicable, and to convert such extended Revolving Commitments from Original Euro Revolving Commitments and/or Original Dollar Revolving Commitments into Multicurrency Revolving Commitments
and/or Extended Dollar Revolving Commitments, as applicable, as more specifically described in the Fourth Amendment. 

 WHEREAS, the parties hereto have agreed to amend the Intercreditor Agreement on the terms
and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	 	1.	Loan Document. This Agreement constitutes a Loan Document and the recitals shall be construed as part of this Agreement. 

 

	 	2.	Definitions. Capitalized terms used herein (other than those terms used in the recitals hereto) but not otherwise defined herein shall have the meanings given
thereto in the Intercreditor Agreement. 

  

	 	3.	Amendments. 

  

	 	a.	Clauses (i) and (ii) of the introductory paragraph of the Intercreditor Agreement is hereby amended and restated in its entirety to read as follows:

 (i) DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (in such capacity, together with its successors
and assigns, the “Administrative Agent”) for the Term B Dollar Lenders, Original Dollar Revolving Lenders, Extended Dollar Revolving Lenders and New Domestic Lenders from time to time party to the Credit Agreement (as defined below) and
any other Term Lenders that from time to time advance Term Loans to Crown Holdings (as defined below) or any U.S. Subsidiary of Crown Holdings, (ii) DEUTSCHE BANK AG NEW YORK BRANCH, as U.K. administrative agent (in such capacity, together with
its successors and assigns, “U.K. Agent” and together with the Administrative Agent, the “Bank Agents”) for the Original Euro Revolving Lenders and Multicurrency Revolving Lenders, the Term B Euro Lenders and the New-Non Domestic
Lenders from time to time party to the Credit Agreement and any other Lenders that from time to time advance Additional Term Loans to any Non-U.S. Subsidiary of Crown Holdings,” 

4. Reaffirmation. Each party hereto acknowledges and reaffirms that, notwithstanding the Fourth Amendment or any other matter, the
Intercreditor Agreement, as amended hereby, is and shall remain in full force and effect, and each party hereby reaffirms its obligations thereunder. 

5. References. Each reference in the Intercreditor Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or words of similar import and each reference in the Financing Documents, as well all other agreements, documents and instruments delivered in connection therewith shall mean and be a reference to the
Intercreditor Agreement as amended hereby. 
  

 2 

 6. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND
GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK. 
 7. Communications. All communications and notices hereunder shall
be in writing and given as provided in Section 9(a) of the Intercreditor Agreement. 
 8. Headings. Section headings
in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purposes. 

9. Severability. In case any one or more of the provisions contained in this Agreement should be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Intercreditor Agreement shall not in any way be affected or impaired thereby (it being understood that the invalidity of
a particular provision hereof in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

10. Execution in Counterparts. This Agreement may be executed in one or more counterparts, each of which, when executed and
delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same document with the same force and effect as if the signatures of all of the parties were on a single counterpart, and it
shall not be necessary in making proof of this Agreement to produce more than one (1) such counterpart. Delivery of an executed signature page to this Agreement by telecopy shall be deemed to constitute delivery of an originally executed
signature page hereto. 
 [signature page follows] 
  

 3 

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

					
	DEUTSCHE BANK AG NEW YORK BRANCH, as U.S. Collateral Agent, as directed by Bank Agents below
		
	By:	 	 /s/ Enrique Landaeta

		 		 	Enrique Landaeta
		 	Title:	 	Vice President
		
	By:	 	 /s/ Erin Morrissey

		 		 	Erin Morrissey
		 	Title:	 	 Vice President

Agreed and accepted: 
  

					
	DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent, U.K. Administrative Agent and Bank Agents
		
	By:	 	 /s/ Enrique Landaeta

		 		 	Enrique Landaeta
		 	Title:	 	Vice President
		
	By:	 	 /s/ Erin Morrissey

		 		 	Erin Morrissey
		 	Title:	 	Vice President

 : 

Signature Page to First Amendment to Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement 

			
	THE BANK OF NOVA SCOTIA, as Canadian Administrative Agent
		
	By:	 	 /s/ Robert Boomhour

		 	Robert Boomhour
	Title:	 	Director

 Signature Page to First
Amendment to Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement 

			
	CROWN HOLDINGS, INC.
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Vice President and Treasurer
	
	CROWN INTERNATIONAL HOLDINGS, INC.
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Vice President and Treasurer
	
	CROWN AMERICAS LLC
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Vice President and Treasurer
	
	CROWN CORK & SEAL COMPANY, INC.
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Vice President and Treasurer

Signature Page to First Amendment to Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement 

			
	CENTRAL STATES CAN CO. OF PUERTO RICO, INC.
	CROWN BEVERAGE PACKAGING, INC.
	CROWN CONSULTANTS, INC.
	CROWN CORK & SEAL COMPANY (DE), LLC
	CROWN CORK & SEAL USA, INC.
	CROWN PACKAGING TECHNOLOGY, INC.
	CROWN BEVERAGE PACKAGING PUERTO RICO, INC.
	CROWN FINANCIAL CORPORATION
	CROWN FINANCIAL MANAGEMENT, INC.
	FOREIGN MANUFACTURERS FINANCE CORPORATION
	NWR, INC.	 	
	CR USA, INC.
	CROWN AMERICAS CAPITAL CORP.
	CROWN AMERICAS CAPITAL CORP. II
		
	By:	 	 /s/ Michael B. Burns

	Name:	 	Michael B. Burns
	Title:	 	Authorized Officer

 Signature Page to
First Amendment to Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement

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