Document:

exv4w205

EXHIBIT 4.205

AMENDMENT AGREEMENT

dated 4 May 2010

for

CLOSURE SYSTEMS INTERNATIONAL B.V.

as Chargor

 

and

WILMINGTON TRUST (LONDON) LIMITED

as Chargee

 

RELATING TO A

QUOTA CHARGE AGREEMENT

DATED 29 JANUARY 2010

 

in respect of its Quota in CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ Társaság

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.

 

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 
	2. AMENDMENTS TO THE ORIGINAL QUOTA CHARGE AGREEMENT
	 	 	2	 
	 
	3. REGISTRATION OF CHANGES
	 	 	5	 
	 
	4. CONTINUITY AND FURTHER ASSURANCE
	 	 	5	 
	 
	5. INCORPORATION OF TERMS
	 	 	5	 
	 
	6. GOVERNING LAW
	 	 	5	 
	 
	7. RIGHTS OF THE COLLATERAL AGENT
	 	 	5	 

- 1 -

 

THIS AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010 — [Text of Public Notary to be
inserted]

BETWEEN:

	(1)	 	Closure Systems International B.V., a private company with limited liability incorporated
under the laws of The Netherlands, having its seat as at the date of this Agreement at
Teleportboulevard 140, 1043 EJ Amsterdam, The Netherlands, registered with the Chamber of
Commerce in Amsterdam, The Netherlands, under registration number 34291082, as owner of the
Quota (as defined below) and chargor under this Agreement (hereinafter referred to as the
“Chargor”);
	 
	 	 	and
	 
	(2)	 	Wilmington Trust (London) Limited, acting as chargee under this Agreement, in its capacity as
collateral agent acting on behalf and for the benefit of the Secured Parties (as defined
below), as appointed under the First Lien Intercreditor Agreement and authorised to represent
their joint and several rights in connection with this Agreement (hereinafter, with its
successors, permitted transferees and permitted assign in such capacity, referred to as the
“Collateral Agent” or the “Chargee”);
	 
	 	 	(1) and (2) are together hereinafter referred to as the “Parties” and “Party” means any of
them, as the context may require.

This Agreement is hereby acknowledged and accepted by:

	(3)	 	CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ Társaság a limited liability company
(korlátolt felelõsségũ társaság) incorporated under the laws of Hungary, having its registered
seat as at the date of this Agreement at H-8000 Székesfehérvár, Berényi út 72-100., Hungary,
registered under registration number: Cg.07-09-013757, with tax identification number:
14122952-2-07 (hereinafter referred to as the “Company”).

RECITALS:

	(A)	 	The Parties hereby declare that the Original Quota Charge Agreement (as defined
below) was concluded on 29 January 2010 between the Chargee and the Chargor, pursuant to both
(i) a credit agreement dated 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, Closure
Systems International BV, the other borrowers party thereto, the lenders from time to time
parties thereto, and Credit Suisse AG (formerly known as Credit Suisse) as administrative
agent (the “Credit Agreement”) and (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 and registrar, as modified, amended or supplemented
from time to time (the “2009 Indenture”).

- 1 -

 

	(B)	 	In connection with the Credit Agreement and the 2009 Indenture certain parties to
both of those documents have entered into a first lien intercreditor agreement dated 5
November 2009 between, among others, The Bank of New York Mellon as trustee under the 2009
Indenture, Credit Suisse AG as administrative agent as representative under the Credit
Agreement and each grantor that are parties thereto, as subsequently amended by Amendment No.
1 and Joinder Agreement dated 21 January 2010 which added the Collateral Agent as a collateral
agent under the First Lien Intercreditor Agreement (the “First Lien Intercreditor Agreement”).
	 
	(C)	 	The parties to the Credit Agreement have entered into the amendment agreement No. 2
and incremental assumption agreement dated on or about the date of this Agreement (the
“Incremental Assumption and Amendment Agreement”) to amend the terms of the Credit Agreement.
	 
	(D)	 	As a consequence of the execution of the Incremental Assumption and Amendment
Agreement, the Parties agreed to amend the Original Quota Charge Agreement and enter into this
Agreement.

IT IS AGREED as follows:

	1.	 	DEFINITIONS AND INTERPRETATION
	 
	1.1	 	Definitions
	 
	 	 	In this Agreement:
	 
	 	 	“Original Quota Charge Agreement” means the quota charge agreement concluded in the form of
a notarial deed dated 29 January 2010 between the Chargor and the Chargee.
	 
	1.2	 	Incorporation of defined terms

	 	(a)	 	Unless a contrary indication appears, a term defined in the First Lien
Intercreditor Agreement and in the Original Quota Charge Agreement has the same meaning
in this Agreement and in any notice given under this Agreement.
	 
	 	(b)	 	The principles of construction set out in the Original Quota Charge Agreement
shall have effect as if set out in this Agreement.

	1.3	 	Clauses
	 
	 	 	In this Agreement any reference to a “Clause” or a “Schedule” is, unless the context
otherwise requires, a reference to a Clause or a Schedule to this Agreement.
	 
	2.	 	AMENDMENTS TO THE ORIGINAL QUOTA CHARGE AGREEMENT
	 
	 	 	With effect from the date of this Agreement:

	 	(a)	 	Recital (C) of the “Whereas” section of the Original Quota Charge Agreement
shall be deleted and replaced with the following wording:

- 2 -

 

	 	 	 	“(C) The Secured Parties (as defined below) have duly authorised and empowered the
Chargee to enter into this Agreement and to represent their
rights in connection with the Charge (as defined below), acting for its own and for
the Secured Parties’ benefit.”
	 
	 	(b)	 	The definitions “Existing Quota Charge” and “Existing Quota Charge Agreement”
shall be deleted from clause 1.1 (Definitions) of the Original Quota Charge Agreement.
	 
	 	(c)	 	The following new definition shall be inserted in clause 1.1 (Definitions) of
the Original Quota Charge Agreement in alphabetical order:
	 
	 	 	 	““Incremental Assumption and Amendment Agreement” means the amendment no. 2 and
incremental term loan assumption agreement dated 4 May 2010 entered into
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 and Closure Systems
International B.V. as borrowers, Reynolds Group Holdings Limited, the
Guarantors from time to time party thereto (as defined therein), the Lenders
from time to time party thereto, the Incremental U.S. Term Lenders (as defined
therein), the other Lenders party thereto and the Administrative Agent (as
defined therein), as amended, novated, supplemented, restated or modified from
time to time, the text of which is attached as Part IV of Schedule 1
(Incremental Assumption and Amendment Agreement) to this Agreement.”
	 
	 	(d)	 	Clause 2.1 of the Original Quota Charge Agreement shall be replaced with the
following wording:
	 
	 	 	 	“In order to secure the Obligations, up to the maximum amount of:

	 	(i)	 	USD 3,830,000,000 (that is three billion eight hundred and thirty
million U.S. $) and EUR 780,000,000 (that is seven hundred and eighty million
euro) (the “Secured Principal”); plus
	 
	 	(ii)	 	all accrued interest (as calculated in accordance with Loan
Documents); plus all accrued default interest (as calculated in accordance
with Loan Documents); plus any other amounts, monetary obligations,
indemnities, fees, commissions, costs and expenses arising under and payable
in accordance with the terms of the Loan Documents, which amounts, monetary
obligations, indemnities, fees, commissions, costs, expenses, and the costs of
the enforcement of this Agreement shall not exceed an aggregate amount
representing 40% of the aggregate amount of Secured Principal,

	 	 	 	the Chargor hereby grants to the Chargee, a first priority Charge over the Quota
owned by it in the Company and over any rights and/or benefits arising out of, or
in connection with its Quota, including, without limitation all cash

- 3 -

 

	 	 	 	dividends or distributions payable at any time hereafter on the Quota. The Chargee hereby
accepts such Charge.”
	 
	 	(e)	 	Clause 2.3 (Existing Quota Charge and Priority) of the Original Quota Charge
Agreement shall be deleted.
	 
	 	(f)	 	Clause 2.4 (a) (Nature of the Charge) of the Original Quota Charge Agreement
shall be replaced by the following wording:
	 
	 	 	 	“subject to any Lien permitted by the Loan Documents be a first priority security
over the Quota;”
	 
	 	(g)	 	Clause 4.1(c) (Representations and Warranties) of the Original Quota Charge
Agreement shall be replaced by the following wording:
	 
	 	 	 	“this Agreement will, as at the date that the Charge is registered with the Court
of Registration, establish a first priority Charge over the Quota, subject to Liens
permitted by the Principal Finance Documents and subject to the Legal Reservations
(as defined in the Credit Agreement);”
	 
	 	(h)	 	Clause 4.2(d) (Covenants) of the Original Quota Charge Agreement shall be
replaced by the following wording:
	 
	 	 	 	“(i) except in respect of any Liens permitted by the Principal Finance Documents
and subject to the Legal Reservations (as defined in the Credit Agreement) and the
Agreed Security Principles, ensure that the Charge created hereunder shall be at
all times a first ranking Charge over the Quota; (ii) not grant any further Lien
over the Quota; and (iii) not sell, transfer or otherwise dispose of any or all of
its rights in the Quota (whether with or without consideration), in each case other
than as permitted by the Principal Finance Documents or this Agreement;”
	 
	 	(i)	 	Schedule 1 of the Original Quota Charge Agreement shall be supplemented with
Schedule A (Part IV of Schedule 1 (Incremental Assumption and Amendment Agreement)) of
this Agreement.

- 4 -

 

	3.	 	REGISTRATION OF CHANGES
	 
	3.1	 	The Chargor shall file with the Court of Registration an extract of this Agreement,
attached as Schedule B (Form of the Extract of this Quota Charge Agreement) (the “Extract”)
within 10 (ten) Business Days of the date of this Agreement, in order to inform the Court of
Registration of the amendment of the Original Quota Charge Agreement.
	 
	3.2	 	The Parties hereby authorise Oppenheim Ügyvédi Iroda (1053 Budapest, Károlyi Mihály
u. 12., Hungary) to act before the Court of Registration in connection with the filing
(including but not limited to sign any documents in relation thereto) of the Extract with the
Court of Registration.
	 
	4.	 	CONTINUITY AND FURTHER ASSURANCE
	 
	4.1	 	Continuing obligations
	 
	 	 	The provisions of the Original Quota Charge Agreement shall, save as amended by this
Agreement, continue in full force and effect.
	 
	4.2	 	Further assurance
	 
	 	 	The Chargor shall, at the reasonable request of the Chargee and at its own expense, do
all such acts and things necessary to give effect to the amendments effected or to be
effected pursuant to this Agreement.
	 
	5.	 	INCORPORATION OF TERMS
	 
	 	 	The provisions of clause 6 (Enforcement), clause 8 (Remedies and waivers), clause 9
(Severability), clause 13 (Notices) and clause 15 (Jurisdiction) of the Original Quota
Charge Agreement shall be incorporated into this Agreement as if set out in full in this
Agreement and as if references in those clauses to “this Agreement” are references to this
Agreement.
	 
	6.	 	GOVERNING LAW
	 
	 	 	This Agreement is governed by Hungarian law.
	 
	7.	 	RIGHTS OF THE COLLATERAL AGENT
	 
	 	 	Notwithstanding anything contained herein, the Parties agree that this Agreement 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 accordingly each of the protections,
immunities, rights, indemnities and benefits conferred on the Collateral Agents under the
Original Quota Charge Agreement and the First Lien Intercreditor Agreement shall continue
in full force and effect and shall apply to this Agreement as if set out in full herein.

[Certification of the Public Notary and the related powers of attorney inserted]

- 5 -

 

SCHEDULE A

“SCHEDULE 1

Part IV

INCREMENTAL ASSUMPTION AND AMENDMENT AGREEMENT

(TO BE INSERTED)”

- 6 -

 

SCHEDULE B

ÜZLETRÉSZ ZÁLOGSZERZŐDÉST MÓDOSÍTÓ SZERZÕDÉS KIVONATA

EXTRACT OF THE AMENDMENT TO THE QUOTA CHARGE AGREEMENT

a cégnyilvántartásról, a bírósági cégeljárásról és a végelszámolásról szóló 2006. évi V. törvény 2. számú melléklete

II. 1. ea) pontjának figyelembe vételével

with regard to the Clause II.1.ea) of Schedule No. 2 of the Act V of 2006 on Public Company Information,

Company Registration and Winding-up Proceedings

(a továbbiakban: “Kivonat”) amely az alábbi felek között készült Budapesten, 2010. május 4.
napján létrejött módosító szerződés (a továbbiakban: “Szerződés”) alapján:

(hereinafter referred to as the “Extract”), which has been prepared on the basis of the
amendment agreement entered into by and between the parties named below in Budapest on 4 May 2010
(hereinafter referred to as the “Agreement”):

	(1)	 	A Wilmington Trust (London) Limited, amelynek székhelye 6 Broad Street Place, London EC2M
7JH, Egyesült Királyság cím alatt található, képviseli __________________________,
meghatalmazás alapján,
	 
	(1)	 	Wilmington Trust (London) Limited, having its registered office at: 6
Broad Street Place, London EC2M 7JH, Egyesült Királyság, represented by
__________________________, under a power of attorney,
	 
	 	 	mint zálogjogosult (a továbbiakban: “Zálogjogosult”)
	 
	 	 	as chargee (hereinafter referred to as the “Chargee”),

valamint

and

	(2)	 	CLOSURE SYSTEMS INTERNATIONAL B.V., amelynek székhelye a Teleportboulevard 140, 1043 EJ
Amszterdam, Hollandia cím alatt található, és amelyet az amszterdami Kereskedelmi Kamaránál a
34291082-es számon tartanak nyilván, képviseli dr. Horvai-Hillenbrand Péter, meghatalmazás
alapján,
	 
	(2)	 	CLOSURE SYSTEMS INTERNATIONAL B.V. having its registered seat at Teleportboulevard
140, 1043 EJ Amsterdam, The Netherlands, registered with the Chamber of Commerce in Amsterdam
with registration number 34291082, represented by dr. Péter Horvai-Hillenbrand, under a power
of attorney,
	 
	 	 	mint zálogkötelezett (a továbbiakban: “Zálogkötelezett”)
	 
	 	 	as chargor (hereinafter referred to as the “Chargor”).

Fent nevezett felek a jelen Kivonatban az alábbiakat kívánják rögzíteni:

The parties named above wish to declare the following in the present Extract:

	1.	 	A Zálogkötelezett és a Zálogjogosult a 2010. január 29-én kelt zálogszerzõdossel (a
“Zálogszerzõdés”) üzletrész zálogjogot alapítottak a Zálogjogosult javára Zálogkötelezettnek a
CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ Társaságban (székhelye: 8000
Székesfehérvár, Berényi út 72-100., Magyarország;

- 7 -

 

	 	 	cégjegyzékszáma a Fejér Megyei Bíróság mint
Cégbíróságnál: Cg. 07-09-013757,
adószáma: 14122952-1-07, a továbbiakban: “Társaság”) fennálló 11.335.780.000,- Ft, azaz
tizenegymilliárd-háromszázharmincötmillió-hétszáznyolcvanezer forint névértéku, a Társaság
jegyzett tokéjének 100%-át megtestesíto üzletrészén (a továbbiakban: “Üzletrész”).
	 
	 	 	The Chargor and the Chargee created a quota charge in favour of the Chargee over the
quota of the Chargor held in CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ
Társaság (registered seat: 8000 Székesfehérvár, Berényi út 72-100., Hungary, company
registration number: Cg. 07-09-013757 with the Fejér County Court as the Court of
Registration, tax number: 14122952-1-07, hereinafter referred to as the “Company”) with a
nominal value of HUF 11,335,780,000 (i.e. eleven billion three hundred thirty five million
seven hundred and eighty thousand Forint) representing 100% of the Company’s registered
capital (hereinafter referred to as the “Quota”) by virtue of the quota charge agreement
dated 29 January 2010 (the “Quota Charge Agreement”).
	 
	2.	 	A Zálogkötelezett és a Zálogjogosult a Szerzõdés rendelkezései alapján módosították a
Zálogszerzõdés rendelkezéseit, többek között felemelték a Kötelezettségek összegét, melynek
biztosítására az üzletrész zálogjog szolgál.
	 
	 	 	The Chargor and the Chargee have amended the terms of the Quota Charge Agreement in
accordance with the provisions of the Agreement; and, among others, increased the amount of
the Obligations secured by the quota charge.
	 
	3.	 	Jelen Kivonat a Szerzõdés rendelkezései alapján — kizárólag a Zálogszerzõdés módosításának
cégbírósági bejelentése céljából — készült, és nem helyettesíti a felek között a Szerzõdésben
foglaltak szerint létrejött részletes megállapodást. A Szerzõdés és jelen Kivonat közötti
esetleges ellentmondás vagy eltérés esetén a Szerzõdés rendelkezései az irányadóak.
	 
	 	 	This Extract has been prepared on the basis of the terms and conditions set out in the
Agreement exclusively for the purpose of giving notice to the court of registration on the
amendment to the Quota Charge Agreement, and therefore, it may not substitute the detailed
agreement between the parties contemplated in the Agreement. In case of any discrepancy
between the Agreement and this Extract, the provisions of the Agreement shall prevail.
	 
	4.	 	Jelen Kivonat magyar és angol nyelven készült, a magyar és az angol nyelvu változat közötti
eltérés esetén a magyar nyelvu verzió az irányadó.
	 
	 	 	This Extract has been prepared in the Hungarian and English language. In the event of any
discrepancy between the Hungarian language and the English language versions, the Hungarian
language version shall prevail.
	 
	5.	 	A Zálogkötelezett és a Zálogjogosult meghatalmazzák az Oppenheim Ügyvédi Irodát (cím: 1053
Budapest, Károlyi Mihály u. 12.) hogy a Fejér Megyei Bíróságnál, mint Cégbíróságnál a Kivonat
benyújtásával kapcsolatban eljárjon (beleértve, de nem kizárólag bármely, ehhez kapcsolódó
dokumentum aláírását).

- 8 -

 

	 	 	The Chargor and the Chargee hereby authorise Oppenheim Law Firm (address: 1053 Budapest,
Károlyi Mihály u. 12.) to act before the Fejér County Court as the Court of Registration in
connection with filing (including but not limited to sign any documents relating thereto)
this Extract.

Budapest, 2010. május 4./ 4 May 2010

	 	 	 

	WILMINGTON TRUST (LONDON) 

LIMITED

	 	CLOSURE SYSTEMS

INTERNATIONAL B.V.
	 	 	 
	Zálogjogosult / Chargee
	 	Zálogkötelezett / Chargor

- 9 -

 

SIGNATURES

Closure Systems International B.V. — as Chargor

By:

Wilmington Trust (London) Limited — as Chargee

By:

CSI Hungary Gyártó és Kereskedelmi Korlátolt Felelõsségũ Társaság — as Company

By:

- 10 -exv4w206

			
	 
	 	EXHIBIT 4.206 

THE BANK OF NEW YORK MELLON

AS COLLATERAL AGENT

AND

THE COMPANIES LISTED IN SCHEDULE 1

AS PLEDGORS

 

CONFIRMATION AGREEMENT

 

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.

 

CONTENTS

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions And Interpretation

	 	 	2	 
	 
	 	 	 	 
	2. Confirmation

	 	 	3	 
	 
	 	 	 	 
	3. Costs

	 	 	4	 
	 
	 	 	 	 
	4. Partial Invalidity

	 	 	3	 
	 
	 	 	 	 
	5. Law And Jurisdiction

	 	 	4	 
	 
	 	 	 	 
	Schedule 1 The Pledgors

	 	 	5	 
	 
	 	 	 	 
	Schedule 2 Pledge Agreements

	 	 	6	 

 - 1 - 

 

THIS CONFIRMATION AGREEMENT is made on 4 May 2010

BETWEEN:

	(1)	 	THE BANK OF NEW YORK MELLON, acting for itself and as collateral agent as appointed
under the First Lien Intercreditor Agreement (as defined below) for the benefit of the Secured
Parties (as defined below), together with its successors and permitted assigns in such
capacity (the “Collateral Agent”); and

	(2)	 	The pledgors listed in schedule 1 (the “Pledgors”).

WHEREAS:

	(A)	 	Pursuant to a credit agreement (the “Credit Agreement”) dated 5 November 2009 and
entered into between 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. and SIG Austria Holding GmbH as borrowers, Reynolds Group Holdings Limited,
the lenders from time to time party thereto and Credit Suisse AG, as administrative agent, as
amended by an amendment agreement dated as 21 January 2010 and as further amended, extended,
restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from
time to time, certain loan facilities (the “Facilities”) were made available to the Borrowers
(as defined below).

	(B)	 	Pursuant to an indenture (the “Senior Secured Note Indenture”) dated 5 November 2009
and entered into between the Issuers (as defined below), the Note Guarantors (as defined
therein) and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent
and registrar, as amended, extended, restructured, renewed, refunded, novated, supplemented,
restated, replaced or modified from time to time, certain notes were issued by the Issuers.

	(C)	 	On 5 November 2009, the Collateral Agent, The Bank of New York Mellon as trustee
under the Senior Secured Note Indenture, Credit Suisse as administrative agent under the
Credit Agreement, and the Loan Parties (as defined below) as at that date and certain other
parties, entered into an intercreditor agreement (the “First Lien Intercreditor Agreement”)
amended by an amendment dated as 21 January 2010 and as further amended, novated,
supplemented, restated or modified from time to time.

	(D)	 	On or about the date hereof, 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. and SIG Austria Holding GmbH as borrowers, Reynolds Group
Holdings Limited, the lenders from time to time party thereto and Credit Suisse, as
administrative agent, together with certain other parties have entered into an amendment N°2
and incremental term loan assumption agreement (the “Amendment and Incremental Assumption
Agreement”) relating to the Credit Agreement.

	(E)	 	On or about the date hereof, Reynolds Group Holdings Inc., Reynolds Consumer Products
Holdings Inc., each of the Reaffirming Parties therein, Credit Suisse AG as administrative
agent and The Bank of New York Mellon, as trustee and collateral agent

 - 2 - 

 

	 	 	and Wilmington Trust (London) Limited, as Collateral Agent, have entered into a
reaffirmation agreement (the “Reaffirmation Agreement”) pursuant to which each Reaffirming
Party reaffirmed the Security Documents to which they are a party.

	(F)	 	As a condition precedent to any further borrowing under the Credit Agreement, as
amended pursuant to the Amendment and Incremental Assumption Agreement, the Pledgors have
agreed to confirm the security interest granted under each of the pledge agreements (as listed
in schedule 2 hereto, the “Pledge Agreements”).

THE PARTIES AGREE AS FOLLOWS:

1. DEFINITIONS AND INTERPRETATION

	1.1	 	Terms defined in the First Lien Intercreditor Agreement and/or the Pledge Agreements
shall bear the same meaning herein, unless expressly provided to the contrary.

	1.2	 	In this Agreement:

	 	 	“Borrowers” shall mean the “Borrowers” under, and as defined in, the Credit Agreement from
time to time.

	 	 	“Issuers” shall mean the “Issuers” under and as defined in the Senior Secured Note
Indenture, including their successors in interest.

	 	 	“Loan Documents” shall mean the “Credit Documents” under, and as defined in, the First Lien
Intercreditor Agreement and any other document designated by the Loan Parties’ Agent and the
Collateral Agent as a Loan Document.

	 	 	“Loan Parties” shall mean the “Grantors” under, and as defined in, the First Lien
Intercreditor Agreement.

	 	 	“Secured Obligations” shall mean the “Secured Obligations” under, and as defined in, each of
the Pledge Agreements.

	 	 	“Secured Parties” shall mean the “Secured Parties” under, and as defined in, the First Lien
Intercreditor Agreement.

	1.3	 	This Confirmation Agreement may be executed in any number of counterparts and by way
of facsimile exchange of executed signature pages, all of which together shall constitute one
and the same Confirmation Agreement.

	1.4	 	The Parties agree that this Confirmation Agreement 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.

2. CONFIRMATION

	 	 	Each Pledgor hereby, for the benefit of the Collateral Agent acting for itself and as
collateral agent as appointed under the First Lien Intercreditor Agreement for the benefit
of the Secured Parties, expressly (a) confirms its respective pledges and grants of

 - 3 - 

 

	 	 	security interests in the Pledge Agreements to which it is a party and (b) agrees and
confirms that the Pledge Agreements and each of the security interests created thereunder
shall (i) remain in full force and effect in accordance with their terms subject to any
applicable Legal Reservation, (ii) continue to secure the Secured Obligations as they shall
be in existence following the amendment to the Credit Agreement pursuant to the Amendment
and Incremental Assumption Agreement and (iii) extend, subject to the limitations (if any)
contained in the relevant Pledge Agreements, to any obligations assumed by any Loan Party
under the Amendment and Incremental Assumption Agreement, without any further actions.

3. COST

	 	 	All the Collateral Agent’s costs and expenses, shall be reimbursed in accordance with the
provisions of Section 9.05 (Expenses, Indemnity) of the Credit Agreement.

4. PARTIAL INVALIDITY

	 	 	If any provision of this Agreement is declared by any judicial or other competent authority
to be void or otherwise unenforceable, that provision shall be severed from this Agreement
and the remaining provisions of this Agreement shall remain in full force and effect. The
Agreement shall, however, thereafter be amended by the parties in such reasonable manner so
as to achieve, without illegality, the intention of the parties with respect to that severed
provision.

5. LAW AND JURISDICTION

	 	 	This Agreement shall be governed by Luxembourg law and the courts of Luxembourg-City shall
have exclusive jurisdiction to settle any dispute which may arise from or in connection with
it.

	 	 	This Agreement has been duly executed by the parties in ten copies.

 - 4 - 

 

SCHEDULE 1

THE PLEDGORS

	1.	 	REYNOLDS GROUP HOLDINGS LIMITED, a company incorporated in New Zealand with registration
number 1812226 (“Parent”);

	2.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A., a société anonyme incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach,
Grand-duchy of Luxembourg registered with the Luxembourg register of commerce and companies
under the number B128.592 (“BPH I”);

	3.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A., a société anonyme incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach,
Grand-duchy of Luxembourg registered with the Luxembourg register of commerce and companies
under the number B128.914 (“BPH II”);

	4.	 	BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.ÀR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall,
L-5365 Munsbach, Grand-duchy of Luxembourg registered with the Luxembourg register of commerce
and companies under the number B128.135 and having a share capital of EUR 404,969,325.- (“BPH
III”);

	5.	 	SIG FINANCE (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée incorporated under
Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L — 5365 Munsbach,
Grand-Duchy of Luxembourg, registered with the register of commerce and companies of
Luxembourg under number B130.835 and having a share capital of EUR 12,500.- (“SIG Finance”);

	6.	 	REYNOLDS GROUP ISSUER (LUXEMBOURG) S.A., a société anonyme incorporated under Luxembourg law
with registered office at 6C, Parc d’Activités Syrdall, L-5365 Munsbach, Grand-Duchy of
Luxembourg, registered with the register of commerce and companies of Luxembourg under number
B148.957 (“Lux Issuer”);

	7.	 	CLOSURE SYSTEMS INTERNATIONAL (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L -
5365 Munsbach, Grand-Duchy of Luxembourg, registered with the register of commerce and
companies of Luxembourg under number B146.929 and having a share capital of EUR 33,101,925.-
(“CSI LUX”);

	8.	 	REYNOLDS CONSUMER PRODUCTS (LUXEMBOURG) S.ÀR.L., a société à responsabilité limitée
incorporated under Luxembourg law with registered office at 6C, Parc d’Activités Syrdall, L -
5365 Munsbach, Grand-Duchy of Luxembourg, registered with the register of commerce and
companies of Luxembourg under number B146.929 and having a share capital of EUR 1,089,800.-
(“RCP LUX”); and

	9.	 	SIG ASSET HOLDINGS LIMITED, a company incorporated under Guernsey law with registered office
at Heritage Hall, Le Marchant Street, St. Peter Port, Guernsey, GY1 4EL and under number
28883.

 - 5 - 

 

SCHEDULE 2

PLEDGE AGREEMENTS

	1.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
Parent as pledgor and the Collateral Agent, such pledge being granted over the shares held by
Parent in the share capital of BPH I;

	2.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH I as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH I in the share capital of BPH III;

	3.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into
between BPH I as pledgor and the Collateral Agent, such pledge being granted over the shares
held by BPH I in the share capital of the Lux Issuer;

	4.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH III as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH III in the share capital of CSI Lux;

	5.	 	a Luxembourg law share pledge agreement dated 5 November 2009 and entered into between
BPH III as pledgor and the Collateral Agent, such pledge being granted over the shares held by
BPH III in the share capital of RCP Lux;

	6.	 	a Luxembourg law share pledge agreement dated 29 January 2010 and entered into between
SIG Asset Holdings Limited as pledgor and the Collateral Agent in the presence of SIG Finance,
such pledge to be granted over the shares held by SIG Assets Holdings Limited in the share
capital of SIG Finance;

	7.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into by the Lux Issuer as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by the Lux Issuer towards BPH III under a proceeds loan agreement;

	8.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH III as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by BPH III towards BPH I;

	9.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH I as pledgor and the Collateral Agent, such pledge being granted over certain
receivables held by BPH I towards BPH III;

	10.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between BPH II as pledgor and the Collateral Agent, such pledge being granted over the
claims the pledgor owns against BPH I under certain proceeds loans made by BPH II to BPH I;

	11.	 	a Luxembourg law pledge over receivables agreement dated 5 November 2009 and entered
into between SIG Finance as pledgor and the Collateral Agent, such pledge being granted over
certain receivables held by SIG Finance towards BPH III;

 - 6 - 

 

	12.	 	a Luxembourg law profit participating bond pledge agreement dated 5 November 2009 and
entered into between BPH I as pledgor and the Collateral Agent, such pledge being granted over
the Bonds (as defined therein) issued by BPH III and held by BPH I;

	13.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between SIG Finance as pledgor and the Collateral Agent over certain bank accounts opened
with Société Générale Bank & Trust;

	14.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between CSI Lux as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	15.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between BPH I as pledgor and the Collateral Agent, over certain bank accounts opened with
the Luxembourg Account Bank;

	16.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between BPH III as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	17.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between RCP Lux as pledgor and the Collateral Agent, over certain bank accounts opened
with the Luxembourg Account Bank;

	18.	 	a Luxembourg law bank accounts pledge agreement dated 5 November 2009 and entered
into between the Lux Issuer as pledgor and the Collateral Agent, over certain bank accounts
opened with the Luxembourg Account Bank;

	19.	 	a Luxembourg law pledge over receivables agreement dated 2 December 2009 and entered
into between the Parent as pledgor and the Collateral Agent in the presence of BPH I, such
pledge being granted over certain receivables held by the Parent towards BPH I under an
intercompany loan agreement; and

	20.	 	a Luxembourg law pledge over receivables agreement dated 23 February 2010 and entered
into between BPH I as pledgor and the Collateral Agent in the presence of SIG Austria Holding
GmbH and SIG Euro Holding AG & Co. KGaA, such pledge being granted over certain receivables
held by BPH I towards SIG Austria Holding GmbH and SIG Euro Holding AG & Co. KGaA under
certain intercompany loan agreements.

 - 7 - 

 

SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT

					
	 	

The Collateral Agent

THE BANK OF NEW YORK MELLON

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

The Pledgors

REYNOLDS Group Holdings Limited (formerly known as Rank Group Holdings Limited)

	 	 	 
	/s/ Chiara Brophy
 

	 	 
	Name: Chiara Brophy

	 	Witness: Julia Keppe
	 
	 	 
	Title: Authorised signatory

	 	Occupation: Solicitor
	 
	 	 
	 

	 	Address: [               ]
	 
	 	 
	 

	 	                  [               ]
	 
	 	 
	 

	 	                  [               ]
	 
	 	 

					
	 	

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) I S.A.

 	 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) II S.A.

SIGNATURE PAGE

 

 

					
	 	
 	 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	
SIGNATURE PAGE — LUXEMBOURG CONFIRMATION AGREEMENT
	 	

BEVERAGE PACKAGING HOLDINGS (LUXEMBOURG) III S.à R.L.

 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 
	 	SIG FINANCE (LUXEMBOURG) S.ÀR.L.

 	 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 
	 	REYNOLDS GROUP ISSUER (LUXEMBOURG) S.A

 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 

SIGNATURE PAGE

 

 

					
	 	

CLOSURE SYSTEMS INTERNATIONAL (LUXEMBOURG) S.ÀR.L

 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 
	 	REYNOLDS CONSUMER PRODUCTS (LUXEMBOURG) S.ÀR.L

 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 
	 	SIG ASSET HOLDINGS LIMITED

 
	 	/s/ Chiara Brophy
 	 
	 	Name:  	Chiara Brophy 	 
	 	Title:  	Authorised Signatory 	 
	 

SIGNATURE PAGE

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"}]]