Document:

1st Amended & Restated Euro Intercreditor & Collateral Agency Agreement

 Exhibit 4.l 
  

FIRST AMENDED AND RESTATED EURO INTERCREDITOR AND  
 COLLATERAL AGENCY AGREEMENT 
  
 This FIRST AMENDED AND RESTATED INTERCREDITOR AND COLLATERAL AGENCY AGREEMENT (as amended, amended and restated or otherwise modified from time to time in accordance with the terms hereof, herein called this
“Agreement”) is dated as of February 26, 2003 and amended and restated as of September 1, 2004 among (i) CITIBANK INTERNATIONAL PLC, as U.K. administrative agent (in such capacity, together with its successors and assigns, the
“Bank Agent”) for the New Term Euro Lenders and the Revolving Euro Lenders from time to time party to the Credit Agreement (as defined below), (ii) WELLS FARGO BANK, N.A., as trustee (in such capacity, together with its successors
and assigns, the “First Priority Notes Trustee”) for the holders of the First Priority Notes (as defined below) issued under the First Priority Notes Indenture (as defined below), (iii) WELLS FARGO BANK, N.A. (as successor by
consolidation to Wells Fargo Bank Minnesota, National Association), as trustee (in such capacity, together with its successors and assigns, the “Second Priority Notes Trustee”) for the holders of Second Priority Notes (as defined
below) issued under the Second Priority Notes Indenture (as defined below), (iv) WELLS FARGO BANK, N.A. (as successor by consolidation to Wells Fargo Bank Minnesota, National Association), as trustee (in such capacity, together with its successors
and assigns, the “Third Priority Notes Trustee”) for the holders of Third Priority Notes (as defined below) issued under the Third Priority Notes Indenture (as defined below), (v) CITICORP TRUSTEE COMPANY LIMITED, as Euro Collateral
Agent (as defined below), (vi) Crown European Holdings SA (“Crown Euroco”), (vii) the subsidiaries of Crown Euroco identified on Schedule 1 hereto and (viii) the other persons who may become parties to this Agreement from
time to time pursuant to and in accordance with Section 8 of this Agreement. 
  
 R E C I T A L S 
  
 WHEREAS, on February 26, 2003 (the “Original Effective Date”), the Bank Agent, the Second Priority Notes Trustee, the Third Priority
Notes Trustee, the Euro Collateral Agent and the Euro Pledgors entered into the Euro Intercreditor and Collateral Agency Agreement (the “Original Agreement”). 
  
 WHEREAS, on the Original Effective Date, CROWN Americas, Inc. (f/k/a Crown Cork & Seal Americas, Inc.) (“Crown
Usco”), Crown Euroco, the subsidiary borrowers named therein, Crown Holdings, Inc. (“Crown Holdings”), Crown International Holdings, Inc. and Crown Cork & Seal Company, Inc. (collectively, the “Loan
Parties”) entered into that certain credit agreement (the “Original Credit Agreement”) with the lenders named therein and Citicorp North America, Inc., as administrative agent (the “Administrative Agent”)
and the Bank Agent. 

 WHEREAS, on the Original Effective Date, Crown Euroco issued $1.085 billion in aggregate principal amount
of Second Priority Dollar Notes and €285 million in aggregate principal amount of Second Priority Euro Notes, in each case under an Indenture dated as of the Original Effective Date among Crown Euroco, the guarantors named therein and the
Second Priority Notes Trustee (as amended, amended and restated, supplemented, refinanced, replaced or otherwise modified from time to time as permitted by the Credit Agreement, the “Second Priority Notes Indenture”). 
  
 WHEREAS, on the Original Effective Date, Crown Euroco issued $725 million in
aggregate principal amount of Third Priority Notes under an Indenture dated as of the Original Effective Date between Crown Euroco, the guarantors named therein and the Third Priority Notes Trustee (as amended, amended and restated, supplemented,
refinanced, replaced or otherwise modified from time to time as permitted by the Credit Agreement, the “Third Priority Notes Indenture”). 
  
 WHEREAS, on the date hereof, Crown Euroco intends to issue €350.0 million of First Priority Notes under an Indenture dated as of the date hereof
among Crown Euroco, the guarantors named therein and the First Priority Notes Trustee (as amended, amended and restated, supplemented, refinanced, replaced or otherwise modified from time to time as permitted by the Credit Agreement, the
“First Priority Notes Indenture”), the proceeds of which shall be used (together with the proceeds of the Loans under the Credit Agreement) to refinance (the “Refinancing”) in full all outstanding Term B Loans (as
defined in the Original Credit Agreement) and terminate the Obligations and Commitments (each as defined in the Original Credit Agreement) under the Original Credit Agreement. 
  
 WHEREAS, pursuant to the terms hereof, on the date hereof, Crown Euroco represents to the Euro Collateral Agent, the First
Priority Notes Trustee, the Second Priority Notes Trustee and the Third Priority Notes Trustee, that the issuance of the First Priority Notes is permitted by the Second Priority Notes Indenture and the Third Priority Notes Indenture and that no
consents or approvals are required thereunder. 
  
 WHEREAS,
simultaneously with the issuance of the First Priority Notes, the Loan Parties intend to enter into a new senior secured credit agreement dated as of the date hereof (as amended, amended and restated, supplemented, refinanced, replaced or otherwise
modified from time to time, the “Credit Agreement”, which term shall also include and refer to any increase in the amount of indebtedness under the Credit Agreement to the extent permitted by the First Priority Notes Indenture, the
Second Priority Notes Indenture and the Third Priority Notes Indenture and any refinancing or replacement of the Credit Agreement or one or more successor or replacement facilities whether or not with a different group of agents or lenders and
whether or not with different obligors upon the Bank Agent’s acknowledgment of the termination of the predecessor Credit Agreement). The Bank Agent under this Agreement is agent for the New Term Euro Lenders and the Revolving Euro Lenders (each
as defined in the 
  

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 Credit Agreement) only from time to time under the Credit Agreement (the “Lenders”) (it being understood
that the Term B Dollar Lenders and Revolving Dollar Lenders (each as defined in the Credit Agreement) under the Credit Agreement shall have no rights and obligations under this Agreement). 
  
 WHEREAS, pursuant to the terms hereof, on the date hereof, Crown Euroco
represents to the Euro Collateral Agent, the First Priority Notes Trustee, the Second Priority Notes Trustee and the Third Priority Notes Trustee, that the entering into of the Credit Agreement is permitted by the Second Priority Notes Indenture and
the Third Priority Notes Indenture and that no consents or approvals are required thereunder. 
  
 WHEREAS, on or after the Original Effective Date, Crown Euroco, Crown Développement SNC (now known as Crown Développement SAS after giving effect to its change of corporate form on January 28, 2004)
(“Crown SAS”) and certain non-U.S. Subsidiaries of Crown Euroco set forth on Schedule 1 hereto (collectively, and together with any other subsidiaries which are required by one or more Financing Documents to become “Euro
Pledgors,” the “Euro Pledgors”) executed and delivered to the Euro Collateral Agent the Euro Security Documents. 
  
 WHEREAS, it is understood and acknowledged that only Bank Indebtedness (as defined below) will be secured by the Additional Bank Collateral (as defined
below). 
  
 WHEREAS, it is contemplated that, to the extent
permitted by the Credit Agreement, Crown SAS, Crown Euroco or any of its subsidiaries may from time to time enter into one or more Bank Related Hedging Agreements (as defined below) with any counterparty that is the Bank Agent or a Lender or
Affiliate thereof or any other person permitted under the Credit Agreement at the time such Bank Related Hedging Agreement was entered into (individually, a “Bank Related Hedging Exchanger” and, collectively, the “Bank
Related Hedging Exchangers”) and it is desired that the obligations of Crown SAS, Crown Euroco or any of its subsidiaries under such Bank Related Hedging Agreements, including the obligation to make payments in the event of early
termination thereunder (all such obligations being the “Bank Related Hedging Obligations”), be secured by the Euro Collateral pursuant to the Euro Security Documents; provided that for any Bank Related Hedging Exchanger to
receive the benefit of such security, it shall execute and deliver to the Euro Collateral Agent an acknowledgment to this Agreement (in the form of Annex 1 attached hereto) agreeing to be bound by the terms hereof at any time prior to the
payment in full of First Priority Indebtedness. 
  
 WHEREAS, it is
contemplated that, to the extent permitted by the Credit Agreement, Crown SAS, Crown Euroco or any of its subsidiaries may from time to time enter into one or more Bank Related Cash Management Agreements (as defined below) with any counterparty that
was the Bank Agent or a Lender or Affiliate thereof or any other person permitted under the Credit Agreement at the time such Bank Related Cash Management Agreement was entered into (individually, a “Bank Related Cash Management
Exchanger” and, collectively, the 
  

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 “Bank Related Cash Management Exchangers”) and it is desired that the obligations of Crown SAS, Crown
Euroco or any of its subsidiaries under such Bank Related Cash Management Agreements, including the obligation to make payments in the event of early termination thereunder (all such obligations being the “Bank Related Cash Management
Obligations”), be secured by the Euro Collateral pursuant to the Euro Security Documents; provided that for any Bank Related Cash Management Exchanger to receive the benefit of such security, it shall execute and deliver to the Euro
Collateral Agent an acknowledgment to this Agreement (in the form of Annex 2 attached hereto) agreeing to be bound by the terms hereof at any time prior to the payment in full of First Priority Indebtedness. 
  
 WHEREAS, it is contemplated that, from time to time, to the extent permitted
by the Credit Agreement, Crown Euroco may incur certain Additional First Priority Bank Indebtedness (as defined below) pursuant to the applicable Credit Documents (as defined below), which Additional First Priority Bank Indebtedness will be secured
by the Euro Collateral pursuant to the Euro Security Documents and have the priority set forth herein. 
  
 WHEREAS, it is contemplated that, from time to time, to the extent permitted by the Credit Agreement, the First Priority Notes Indenture, the Second
Priority Notes Indenture and the Third Priority Notes Indenture, any Euro Permitted Issuer may issue certain Additional First Priority Capital Markets Indebtedness (as defined below) pursuant to the applicable Additional First Priority Capital
Markets Indebtedness Documents, which Additional First Priority Capital Markets Indebtedness will be secured by the Euro Collateral pursuant to the Euro Security Documents and have the priority set forth herein; provided that for any holder
of any Additional First Priority Capital Markets Indebtedness to receive the benefit of such security, it shall cause its Additional First Priority Capital Markets Indebtedness Representative to execute and deliver to the Euro Collateral Agent an
acknowledgment to this Agreement (in the form of Annex 3 attached hereto) agreeing to be bound by the terms hereof. 
  
 WHEREAS, it is contemplated that, from time to time, to the extent permitted by the Credit Agreement, the First Priority Notes Indenture, the Second
Priority Notes Indenture and the Third Priority Notes Indenture, any Euro Permitted Issuer may issue certain Additional Second Priority Indebtedness (as defined below), which Additional Second Priority Indebtedness will be secured by the Euro
Collateral pursuant to the Euro Security Documents and have the priority set forth herein; provided that for any holder of any Additional Second Priority Indebtedness to receive the benefit of such security, it shall cause its Additional
Second Priority Indebtedness Representative to execute and deliver to the Euro Collateral Agent an acknowledgment to this Agreement (in the form of Annex 4 attached hereto) agreeing to be bound by the terms hereof. 
  
 WHEREAS, it is contemplated that, from time to time, to the extent permitted
by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes Indenture, any Euro Permitted Issuer may issue certain Additional 
  

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 Third Priority Indebtedness (as defined below), which Additional Third Priority Indebtedness will be secured by the Euro
Collateral pursuant to the Euro Security Documents and have the priority set forth herein; provided that for any holder of any Additional Third Priority Indebtedness to receive the benefit of such security, it shall cause its Additional Third
Priority Indebtedness Representative to execute and deliver to the Euro Collateral Agent an acknowledgment to this Agreement (in the form of Annex 5 attached hereto) agreeing to be bound by the terms hereof. 
  
 WHEREAS, (a) the First Priority Notes Trustee (for its benefit and for the
benefit of the respective holders of the First Priority Notes), the Second Priority Notes Trustee (for its benefit and for the benefit of the respective holders of the Second Priority Notes), the Bank Agent (for its benefit and for the benefit of
the Euro Collateral Agent, U.K. Administrative Agent and the Lenders) and the Third Priority Notes Trustee (for its benefit and for the benefit of the holders of the Third Priority Notes), (b) in the event any Bank Related Hedging Obligations are to
be secured by the Euro Security Documents, each Bank Related Hedging Exchanger party to any Bank Related Hedging Agreement, (c) in the event any Bank Related Cash Management Obligations are to be secured by the Euro Security Documents, each Bank
Related Cash Management Exchanger party to any Bank Related Cash Management Agreement, (d) in the event any obligations in respect of Additional First Priority Bank Indebtedness are to be secured by the Euro Security Documents, the Bank Agent or the
Administrative Agent in respect of such Additional First Priority Bank Indebtedness (for its benefit and for the benefit of the Lenders of such Additional First Priority Bank Indebtedness), (e) in the event any obligations in respect of Additional
First Priority Capital Markets Indebtedness are to be secured by the Euro Security Documents, the Additional First Priority Capital Markets Indebtedness Representative in respect of such Additional First Priority Capital Indebtedness (for its
benefit and for the benefit of the holders of such Additional First Priority Capital Markets Indebtedness), (f) in the event any obligations in respect of any Additional Second Priority Indebtedness are to be secured by the Euro Security Documents,
the Additional Second Priority Indebtedness Representative in respect of such Additional Second Priority Indebtedness (for its benefit and for the benefit of the holders of such Additional Second Priority Indebtedness) and (g) in the event any
obligations in respect of any Additional Third Priority Indebtedness are to be secured by the Euro Security Documents, the Additional Third Priority Indebtedness Representative in respect of such Additional Third Priority Indebtedness (for its
benefit and for the benefit of the holders of such Additional Third Priority Indebtedness) desire to set forth (i) certain additional provisions regarding the appointment, duties and responsibilities of the Euro Collateral Agent and to set forth
certain other provisions concerning the obligations of the Euro Pledgors to the Euro Secured Parties under the agreements referred to in the foregoing recitals and (ii) their agreement as to decisions relating to the exercise of remedies under the
Euro Security Documents and certain limitations on the exercise of such remedies. 
  

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 WHEREAS, pursuant to Section 10(b) of the Original Agreement, the parties hereto are entering into this
Agreement in order to amend and restate the Original Agreement to add appropriate references to the Credit Agreement and the First Priority Notes. 
  
 A G R E E M E N T 
  
 NOW, THEREFORE, the parties hereto agree as follows: 
  
 Section 1. Definitions. 
  
 The following capitalized terms used herein and not otherwise defined herein
shall have the definitions set forth below. Terms not defined herein shall have the meanings ascribed to them in the Credit Agreement. 
  
 “Additional Bank Collateral” means the Additional Euro Stock Collateral, the Additional Cash Collateral and the Additional Subsidiary
Borrower Collateral pledged to the Euro Collateral Agent for the benefit of the New Term Euro Lenders and the Revolving Euro Lenders under the Credit Agreement, any Bank Related Hedging Exchanger and any Bank Related Cash Management Exchanger.

  
 “Additional Euro Stock Collateral” means the
capital stock of subsidiaries owned by each Euro Pledgor and pledged to the Euro Collateral Agent for the benefit of Bank Indebtedness only. 
  
 “Additional First Priority Bank Indebtedness” means New Term Euro Loans (as defined in the Credit Agreement) incurred by Crown Euroco
pursuant to the Credit Agreement, which indebtedness is secured by a first priority Lien in the manner described herein on the Euro Collateral. 
  
 “Additional First Priority Capital Markets Indebtedness” means any unsubordinated indebtedness issued by a Euro Permitted Issuer after
the date hereof and not owed to Crown Holdings or any of its subsidiaries (other than Additional First Priority Bank Indebtedness), to the extent permitted to be incurred by the Credit Agreement, the First Priority Notes Indenture, the Second
Priority Notes Indenture and the Third Priority Notes Indenture, which indebtedness is secured by a first priority Lien in the manner described herein on the Euro Collateral. 
  
 “Additional First Priority Capital Markets Indebtedness Documents” means any indenture, debenture, note,
guaranty, purchase agreement or other document executed by a Euro Permitted Issuer and its Subsidiaries in connection with the issuance of any such Additional First Priority Capital Markets Indebtedness. 
  

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 “Additional First Priority Capital Markets Indebtedness Representative” means any
trustee or similar representative of the holders of any Additional First Priority Capital Markets Indebtedness. 
  
 “Additional Second Priority Indebtedness” means unsubordinated indebtedness issued or incurred by a Euro Permitted Issuer after the
Original Effective Date and not owed to Crown Holdings or any of its subsidiaries, to the extent permitted to be incurred by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes
Indenture, which indebtedness is secured by a second priority Lien that is subject and subordinated to the Liens securing the First Priority Indebtedness in the manner described herein on the Euro Collateral. 
  
 “Additional Second Priority Indebtedness Documents” means
any indenture, debenture, note, guaranty, loan agreement, credit agreement, purchase agreement or other document executed by a Euro Permitted Issuer and its Subsidiaries in connection with the issuance of any such Additional Second Priority
Indebtedness. 
  
 “Additional Second Priority Indebtedness
Representative” means any trustee or similar representative of the holders of any Additional Second Priority Indebtedness. 
  
 “Additional Subsidiary Borrower Collateral” means the assets of any subsidiary borrower under the Credit Agreement pledged to the Euro
Collateral Agent for the benefit of Bank Indebtedness only and securing the Obligations of such subsidiary borrower under Bank Indebtedness only to the extent such subsidiary borrower is not otherwise a subsidiary guarantor under any Additional
First Priority Capital Markets Indebtedness, Second Priority Indebtedness Documents or Third Priority Indebtedness Documents. 
  
 “Additional Third Priority Indebtedness” means unsubordinated indebtedness issued or incurred by a Euro Permitted Issuer after the
Original Effective Date and not owed to Crown Holdings or any of its subsidiaries, to the extent permitted to be incurred by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes
Indenture, which indebtedness is secured by a third priority Lien that is subject and subordinated to the Liens securing the First Priority Indebtedness and Second Priority Indebtedness in the manner described herein on the Euro Collateral.

  
 “Additional Third Priority Indebtedness
Documents” means any indenture, debenture, note, guaranty, loan agreement, credit agreement, purchase agreement or other document executed by a Euro Permitted Issuer and its Subsidiaries in connection with the issuance of any Additional
Third Priority Indebtedness. 
  
 “Additional Third
Priority Indebtedness Representative” means any trustee or similar representative of the holders of any Additional Third Priority Indebtedness. 
  

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 “Affiliate” of any person means any other person which, directly or indirectly,
controls, is controlled by or is under common control with such person. 
  
 “Bank Indebtedness” means (i) the Obligations of the Obligors under the Credit Documents (including Obligations in respect of Additional First Priority Bank Indebtedness) and (ii) the Obligations of the Obligors under the
Bank Related Debt Agreements. 
  
 “Bank Indebtedness
Documents” means (i) the Credit Documents and (ii) the Bank Related Debt Agreements. 
  
 “Bank Related Cash Management Agreements” means agreements of Crown Euroco, or any of its subsidiaries arising from treasury, depository and cash management services provided by one or more persons
that is the Bank Agent or a Lender or an Affiliate thereof or any other person permitted under the Credit Agreement at the time that such Bank Related Cash Management Agreement was entered into. 
  
 “Bank Related Debt” means, collectively, the Bank Related
Cash Management Obligations and the Bank Related Hedging Obligations. 
  
 “Bank Related Debt Agreements” means, collectively, the Bank Related Cash Management Agreements and the Bank Related Hedging Agreements. 
  
 “Bank Related Hedging Agreements” means, collectively, each Hedging Agreement of Crown Euroco or any of its
subsidiaries entered into with any counterparty that is the Bank Agent or a Lender or an Affiliate thereof or any other person permitted under the Credit Agreement at the time such Hedging Agreement was entered into. 
  
 “Bankruptcy Law” means any law or statute for the
supervision, administration or relief of debtors, including, without limitation, bankruptcy or insolvency laws. 
  
 “Credit Documents” means the Credit Agreement, each guaranty of the Obligations thereunder by a Euro Pledgor, and any other document
executed by Crown Holdings or any of its subsidiaries in connection with the Credit Agreement (including, without limitation, any Joinder Agreement (as defined in the Credit Agreement) or any other documents executed or delivered with respect to any
Additional First Priority Bank Indebtedness and the Euro Security Documents) in each case, as amended, amended and restated, supplemented, refinanced, replaced or otherwise modified from time to time. 
  
 “Enforcement Action” means any action whatsoever to:

  

	 	(1)	demand payment, declare prematurely due and payable or otherwise seek to accelerate payment of or place on demand all or any apart of any Intercompany Debt;

  

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	 	(2)	recover all or any part of any Intercompany Debt (including by exercising any right of set-off or combination of accounts); 

  

	 	(3)	exercise or enforce any security right against assets or any other rights under any other document or agreement in relation to (or given in support of) all or any part of any
Intercompany Debt; 

  

	 	(4)	petition for (or take any other steps which may lead to) an Insolvency Event or the appointment of an administrator, a receiver or manager or equivalent in relation to the
applicable Intercompany Creditor; or 

  

	 	(5)	commence legal proceedings against the applicable Intercompany Creditor. 

  
 “Euro Collateral” means all collateral from time to time pledged or subject to or purported to be pledged or subject to the Lien of the
Euro Security Documents (whether or not such Lien is determined to be unperfected or subject to avoidance), including any Additional Bank Collateral. 
  
 “Euro Permitted Issuer” means Crown Euroco or any direct special purpose finance Subsidiary of Crown Euroco formed solely to be the
issuer of any Refinancing Plan Indebtedness (as defined in the Credit Agreement); provided that such person becomes a Loan Party (as defined in the Credit Agreement) and complies with Section 5.11 of the Credit Agreement. 
  
 “Euro Security Documents” means the non-U.S. collateral
documents identified on Schedule 2 hereto (as amended, amended and restated, supplemented or otherwise modified from time to time, and each other non-U.S. collateral document executed and delivered pursuant to the Original Credit Agreement
and the Credit Agreement securing assets of Crown Euroco or any Euro Pledgor (including the Additional Bank Collateral) or adding additional indebtedness as secured obligations thereunder as required herein. 
  
 “Event of Default” means an Event of Default as defined in
the Credit Agreement. 
  
 “Exempted Indebtedness”
shall mean any Indebtedness or other obligation which would be considered “Exempted Indebtedness” under (and as defined in) any indenture, agreement or instrument governing or evidencing any Existing Unsecured Debt. 
  
 “Existing Unsecured Debt” means each of the following to the
extent outstanding on the date hereof: (i) $300.0 million 8 3/8% Notes due 2005 of CCSC issued under the 1995
Indenture; (ii) $200.0 million 8% Debentures due 2023 of CCSC issued under the 1993 Indenture; (iii) $350.0 million 7 3/8% Debentures due 2026 of CCSC issued under the 1996 Indenture; (iv) $150.0 million 7 1/2%
Debentures due 2096 of CCSC issued under the 1996 Indenture; (v) $300.0 million 7% Notes due 2006 of Crown Cork & Seal Finance PLC issued under 
  

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 the 1996 Indenture and (vi) €300.0 million 6% Senior Notes due 2004 of Crown Finance S.A. issued under the Fiscal
and Paying Agency Agreement dated as of December 6, 1999 among CCSC, Crown Finance S.A. and Citibank, N.A., as paying agent. 
  
 “Financing Documents” means, collectively, the Credit Documents, the First Priority Notes Documents, the Second Priority Notes Documents,
the Third Priority Notes Documents, the Bank Hedging Agreements, the Bank Related Cash Management Agreements, the Additional First Priority Capital Markets Indebtedness Documents, the Additional Second Priority Indebtedness Documents and the
Additional Third Priority Indebtedness Documents. 
  
 “First Priority Agents” means, collectively, the First Priority Notes Trustee and any Additional First Priority Capital Markets Indebtedness Representative. 
  
 “First Priority Capital Markets Indebtedness” means (i) the Obligations of Crown Euroco and the Euro
Pledgors under the First Priority Notes Documents and (ii) the Obligations of a Euro Permitted Issuer and the Euro Pledgors in respect of Additional First Priority Capital Markets Indebtedness issued under the applicable Additional First Priority
Capital Markets Indebtedness Documents. 
  
 “First
Priority Capital Markets Indebtedness Documents” means, collectively, the First Priority Notes Documents and the Additional First Priority Capital Markets Indebtedness Documents. 
  
 “First Priority Indebtedness” means (i) the Obligations of Crown Euroco, the Subsidiary Borrowers (as
defined in the Credit Agreement) and the Euro Pledgors under the Credit Documents (including Obligations in respect of Additional First Priority Bank Indebtedness), (ii) the Obligations of Crown Euroco and the Euro Pledgors under the First Priority
Notes Documents, (iii) the Obligations of Crown Euroco and the Euro Pledgors under the Bank Related Debt Agreements and (iv) the Obligations of any Euro Permitted Issuer and the Euro Pledgors under any Additional First Priority Capital Markets
Indebtedness Documents. 
  
 “First Priority Indebtedness
Documents” means, collectively, the Bank Indebtedness Documents and the First Priority Capital Markets Indebtedness Documents. 
  
 “First Priority Notes” means (i) the €350.0 million in aggregate principal amount of 6 1/4% First Priority Senior Secured Notes due 2011 of Crown Euroco issued on the date hereof and any exchange notes which are issued in a registered exchange
offer for such notes and (ii) any additional 6 1/4% First Priority Senior Secured Notes due 2011, to the extent
that the issuance of such notes is permitted by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes Indenture, and any exchange notes which are issued in a registered exchange
offer for such notes, in each case issued under the First Priority Notes Indenture. 
  

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 “First Priority Notes Documents” means the First Priority Notes Indenture, the First
Priority Notes, each guaranty of the Obligations thereunder and any other document executed by Crown Holdings or any of its subsidiaries in connection with the issuance of the First Priority Notes, in each case, as amended, amended and restated,
supplemented, refinanced, replaced or otherwise modified from time to time, as permitted by the Credit Agreement. 
  
 “First Priority U.S. Obligations” shall mean, with respect to any of the Credit Documents, any and all obligations, liabilities and
indebtedness of every kind, nature and description (whether or not constituting future advances or otherwise) from time to time owing by, or on behalf of, Crown Holdings, CCSC, Crown Usco and each other obligor or any of their subsidiaries under, or
in connection with, borrowings by Crown Usco under the Credit Agreement, including principal, interest, charges, fees, premiums, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, evidenced
by or arising under any of such Credit Documents whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of such Credit Documents, or after the commencement of any case with respect to Crown
Holdings, CCSC, Crown Usco and each other obligor or any of their subsidiaries under any Bankruptcy Law (at the rate provided for in the relevant Credit Documents) (and including, without limitation, any principal, interest, fees, costs, expenses
and other amount, which would accrue and become due but for the commencement of such case, whether or not such amounts are allowed or allowable in whole or in part in any such case or similar proceeding), whether direct or indirect, absolute or
contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured, and whether arising directly or howsoever acquired. 
  
 “French Security Documents” means the documents listed on Schedule 2 that Crown Euroco is the
pledgor under. 
  
 “Global Participation
Agreement” means the First Amended and Restated Global Participation and Proceeds Sharing Agreement dated as of the date hereof among the Bank Agent, Citicorp North America, Inc., as Administrative Agent, the First Priority Notes Trustee,
the Second Priority Notes Trustee, the Third Priority Notes Trustee, the Euro Collateral Agent on behalf of the Euro Secured Parties and the U.S. Collateral Agent (as defined in the U.S. Intercreditor Agreement) on behalf of the U.S. Secured Parties
(as defined in the U.S. Intercreditor Agreement) and the Sharing Agent named therein and the other persons that become party thereto after the date hereof, as amended, amended and restated, supplemented, replaced or otherwise modified from time to
time. 
  
 “Hedging Agreement” means any interest
rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement or similar agreement. 
  
 “Insolvency Event” means a court making a winding-up order
or an order for the dissolution or liquidation of an Intercompany Creditor or a liquidator or administrator or equivalent (but not an administrator, receiver, manager or equivalent appointed by the holder of a Lien) is appointed to an Intercompany
Creditor. 
  

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 “Intercompany Creditors” means those Euro Pledgors or their subsidiaries that are
creditors in relation to any Intercompany Debt. 
  
 “Intercompany Debt” means any money or liabilities now or in the future owing by any Euro Pledgor or its subsidiaries to any Intercompany Creditor together with all accrued interest and related costs, charges and expenses.

  
 “Lien” means, with respect to any asset, (a)
any mortgage, deed of trust, lien, pledge, encumbrance, charge, assignment, hypothecation or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement relating to such asset, (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities and (d) any other agreement intended to create any of the foregoing. 
  
 “1993 Indenture” means the Indenture dated as of April 1,
1993 between CCSC and Bank One Trust Company, NA, as successor to Chemical Bank, as trustee. 
  
 “1995 Indenture” means the Indenture dated as of January 15, 1995 between CCSC and Bank One Trust Company, NA, as successor to Chemical Bank, as trustee. 
  
 “1996 Indenture” means the Indenture dated as of December
17, 1996 among CCSC, Crown Cork & Seal Finance PLC, Crown Cork & Seal Finance, S.A. and The Bank of New York, as trustee. 
  
 “Obligations” shall mean, with respect to any of the Financing Documents, any and all obligations, liabilities and indebtedness of every
kind, nature and description (whether or not constituting future advances or otherwise) from time to time owing by, or on behalf of, a Euro Permitted Issuer or any Euro Pledgor or any of their subsidiaries under, or in connection with, such
Financing Documents, including principal, interest, charges, fees, premiums, indemnities and expenses, however evidenced, whether as principal, surety, endorser, guarantor or otherwise, evidenced by or arising under any of such Financing Documents
whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of such Financing Documents, or after the commencement of any case with respect to a Euro Permitted Issuer or any Euro Pledgor or any
of their subsidiaries under the Bankruptcy Law (at the rate provided for in the relevant Financing Documents) (and including, without limitation, any principal, interest, fees, costs, expenses and other amounts, which would accrue and become due but
for the commencement of such case, whether or not such amounts are allowed or allowable in whole or in part in any such case or similar proceeding), whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or
secondary, liquidated or unliquidated, secured or unsecured, and whether arising directly or howsoever acquired. 
  

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 “Principal Property” has the meaning given to such term under the indentures, agreements
and instruments governing the Existing Unsecured Debt as such indentures, agreements and instruments are in effect on the Original Effective Date. 
  
 “Restricted Collateral” shall mean the collective reference to all Principal Properties and Restricted Securities. 
  
 “Restricted Securities” shall mean any shares of capital
stock or evidences of indebtedness for borrowed money issued by any Restricted Subsidiary and owned by Crown Holdings or any Restricted Subsidiary. 
  
 “Restricted Secured Indebtedness” shall mean, at any time, the portion of the Obligations constituting Exempted Indebtedness that is
equal to the maximum aggregate amount of Exempted Indebtedness that may be secured at such time without causing any Existing Unsecured Debt to be required to be equally and ratably secured. 
  
 “Restricted Subsidiary” means any subsidiary of Crown
Holdings that would be considered a “Restricted Subsidiary” under (and as defined in) any indenture, agreement or instrument governing or evidencing any Existing Unsecured Debt, as such indenture, agreement or instrument is in effect on
the Original Effective Date. 
  
 “Second Priority
Agents” means, collectively, the Second Priority Notes Trustee and any Additional Second Priority Indebtedness Representative. 
  
 “Second Priority Dollar Notes” means (i) the $1.085 billion in aggregate principal amount of 9 1/2% Second Priority Senior Secured Notes due 2011 of Crown Euroco issued on the Original Effective Date and any
exchange notes which were issued in a registered exchange offer for such notes and (ii) any additional 9 1/2%
Second Priority Senior Secured Notes due 2011 of Crown Euroco, to the extent that the issuance of such notes is permitted by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes
Indenture, and any exchange notes which are issued in a registered exchange offer for such notes, in each case issued under the Second Priority Notes Indenture. 
  
 “Second Priority Euro Notes” means (i) the €285 million in aggregate principal amount of 10 1/4% Second Priority Senior Secured Notes due 2011 of Crown Euroco issued on the Original Effective Date and any
exchange notes which were issued in a registered exchange offer for such notes and (ii) any additional 10 1/4%
Second Priority Senior Secured Notes due 2011, to the extent that the issuance of such notes is permitted by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the 
  

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 Third Priority Notes Indenture, and any exchange notes which are issued in a registered exchange offer for such notes, in
each case issued under the Second Priority Notes Indenture. 
  
 “Second Priority Indebtedness” means (i) the Obligations of Crown Euroco and the Euro Pledgors under the Second Priority Notes Documents and (ii) the Obligations of any Euro Permitted Issuer and the Euro Pledgors under any
Additional Second Priority Indebtedness Documents. 
  
 “Second Priority Indebtedness Documents” means, collectively, the Second Priority Notes Documents and the Additional Second Priority Indebtedness Documents. 
  
 “Second Priority Notes” means, collectively, the Second Priority Dollar Notes and the Second Priority Euro
Notes. 
  
 “Second Priority Notes Documents”
means the Second Priority Notes Indenture, the Second Priority Notes, each guaranty of the Obligations thereunder and any other document executed by Crown Holdings or any of its subsidiaries in connection with the issuance of the Second Priority
Notes, in each case, as amended, amended and restated, supplemented, refinanced, replaced or otherwise modified from time to time, as permitted by the Credit Agreement. 
  
 “Third Priority Agents” means, collectively, the Third Priority Notes Trustee and any Additional
Third Priority Indebtedness Representative. 
  
 “Third
Priority Indebtedness” means (i) the Obligations of Crown Euroco and the Euro Pledgors under the Third Priority Notes Documents and (ii) the Obligations of any Euro Permitted Issuer and the Euro Pledgors under any Additional Third Priority
Indebtedness Documents. 
  
 “Third Priority Indebtedness
Documents” means, collectively, the Third Priority Notes Documents and the Additional Third Priority Indebtedness Documents. 
  
 “Third Priority Notes” means (i) the $725 million in aggregate principal amount of 10 7/8% Third Priority Senior Secured Notes due 2013 of Crown Euroco issued on the Original Effective Date and any exchange notes which were issued in a
registered exchange offer for such notes and (ii) any additional 10 7/8% Third Priority Senior Secured Notes due
2013 of Crown Euroco, to the extent that the issuance of such notes is permitted by the Credit Agreement, the First Priority Notes Indenture, the Second Priority Notes Indenture and the Third Priority Notes Indenture, and any exchange notes which
are issued in a registered exchange offer for such notes, in each case issued under the Third Priority Notes Indenture. 
  
 “Third Priority Notes Documents” means the Third Priority Notes Indenture, the Third Priority Notes, each guaranty of the Obligations
thereunder and any other document executed 
  

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 by Crown Holdings or any of its subsidiaries in connection with the issuance of the Third Priority Notes, in each case,
as amended, amended and restated, supplemented, refinanced, replaced or otherwise modified from time to time, as permitted by the Credit Agreement. 
  
 “U.S. Intercreditor Agreement” means the First Amended and Restated U.S. Intercreditor and Collateral Agency Agreement dated as of
the date hereof among Citicorp North America, Inc., as U.S. Collateral Agent, Citicorp North America, Inc., as administrative agent, Citibank International plc, as U.K. administrative agent, the First Priority Notes Trustee, the Second Priority
Notes Trustee and the Third Priority Notes Trustee and the other persons that become parties thereto after the date hereof, as amended and restated as of the date hereof, and as amended, amended and restated, supplemented, replaced or otherwise
modified from time to time. 
  
 Section 2. Appointment as Euro Collateral
Agent. 
  
 The Bank Agent, the First Priority Notes Trustee,
the Second Priority Notes Trustee and the Third Priority Notes Trustee each hereby irrevocably and unconditionally appoints, and each Bank Related Hedging Exchanger, Bank Related Cash Management Exchanger, Additional First Priority Capital Markets
Indebtedness Representative, Additional Second Priority Indebtedness Representative and Additional Third Priority Indebtedness Representative (each such party, a “Euro Secured Party”) signing an acknowledgment hereto, by such
signing, irrevocably and unconditionally appoints, Citicorp Trustee Company Limited to serve as collateral agent and representative of each such Euro Secured Party under each of the Euro Security Documents (in such capacity, together with its
successors in such capacity, the “Euro Collateral Agent”) and irrevocably and unconditionally authorizes the Euro Collateral Agent to act as agent for the Euro Secured Parties for the purpose of executing and delivering, on behalf
of all such Euro Secured Parties, the Euro Security Documents and the Global Participation Agreement and any other documents or instruments related thereto or necessary or, as determined by the Euro Collateral Agent (acting on the instructions of
the Requisite Obligees), desirable to perfect the Liens granted to the Euro Collateral Agent thereunder and, subject to the provisions of this Agreement, for the purpose of enforcing the Euro Secured Parties’ rights in respect of the Euro
Collateral and the obligations of the Euro Pledgors under the Euro Security Documents, and for the purpose of, or in connection with, releasing the obligations of the Euro Pledgors under the Euro Security Documents in accordance with the terms of
the Financing Documents. 
  
 Without limiting the generality of
the foregoing, the Euro Collateral Agent is further hereby appointed as agent for each of the Euro Secured Parties to hold the Liens on the Euro Collateral granted pursuant to the Euro Security Documents with, subject to Section 3, sole
authority to exercise remedies under the Euro Security Documents. The Euro Collateral Agent is hereby authorized to act as mortgagee under all mortgages, beneficiary under all deeds of trust and as Euro Secured Party under each applicable Euro
Security Document and to follow the instructions provided to it under this Agreement. 
  

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 Section 3. Decisions Relating to Exercise of Remedies Vested in Requisite Obligees. 
  
 (a) Except as otherwise provided in Section 3 of the Global Participation
Agreement, the Euro Collateral Agent shall exercise its rights, powers and discretions under this Agreement, the Credit Agreement and the Euro Security Documents or otherwise arising in relation to the Euro Collateral (including as mandataire for
purposes of the fifth paragraph of this subsection 3(a)) in accordance with the written directions of the Requisite Obligees and any rights or obligations of the Euro Collateral Agent hereunder or under the Credit Agreement or Euro Security
Documents shall be subject to the provisions of this Section. 
  
 For purposes of this Agreement, “Requisite Obligees” means, for purposes of directing the Euro Collateral Agent with respect to any of the foregoing actions to be taken pursuant to any of the Euro Security Documents, the
Bank Agent (including on behalf of any Lenders of Additional First Priority Bank Indebtedness) and the Administrative Agent; provided that if the Obligations and the First Priority U.S. Obligations under the Credit Documents and Bank Related
Debt have been indefeasibly paid in full in cash without any refinancing thereof through the incurrence of indebtedness having a Lien on any Euro Collateral and the Credit Agreement and all letters of credit thereunder and the Bank Related Debt
Agreements have terminated, “Requisite Obligees” shall mean (1) the First Priority Notes Trustee until all First Priority Capital Markets Indebtedness shall have been indefeasibly paid in full without any refinancing thereof through
the incurrence of indebtedness having a Lien on any Euro Collateral and the First Priority Capital Markets Indebtedness Documents have terminated, (2) thereafter, the Second Priority Notes Trustee until all Second Priority Indebtedness shall have
been indefeasibly paid in full without any refinancing thereof through the incurrence of indebtedness having a Lien on any Euro Collateral and the Second Priority Indebtedness Documents have terminated, and (3) thereafter, the Third Priority Notes
Trustee; provided, further, that for purposes of directing the Euro Collateral Agent with respect to Additional Bank Collateral, Requisite Obligees shall mean the Bank Agent and the Administrative Agent (as defined in the Credit
Agreement) in all cases. 
  
 The Euro Collateral Agent shall
refrain from exercising any right, power or discretion vested in it under this Agreement, the Credit Agreement or the Euro Security Documents or otherwise arising in relation to the Euro Collateral (including as mandataire for purposes of the fifth
paragraph of this subsection 3(a)) unless and until instructed by the Requisite Obligees as to whether or not such right, power or discretion is to be exercised and, if it is to be exercised, as to the manner in which it should be exercised (other
than any right, power or discretion which is reasonably incidental to any right, power or discretion in relation to which it has received such instructions, in which case the following sentence shall apply). The Euro 
  

 -16- 

 Collateral Agent may, in the exercise of its duties, obligations and responsibilities hereunder, do any act or thing
reasonably incidental, in the opinion of the Euro Collateral Agent, to any instructions received by it from the Requisite Obligees which in its discretion it deems advisable for the protection and benefit of the Euro Secured Parties. 
  
 The Euro Collateral Agent has executed or shall be executing the Euro
Security Documents on behalf of the Euro Secured Parties upon the instructions of the Euro Secured Parties and shall not be responsible or liable for the legality, validity, effectiveness, genuineness, adequacy, enforceability or sufficiency of any
of the Euro Security Documents or the Euro Collateral. 
  
 For the
avoidance of doubt, in particular with respect to the Euro Collateral Agent’s appointment as holder of the Liens on the Euro Collateral and its ability to perfect and enforce, if required before a court of law, the Euro Collateral, as agent for
the Euro Secured Parties, for French law purposes only, the Euro Collateral Agent shall be deemed to act as “mandataire” for the Euro Secured Parties pursuant to Article 1984 et seq. of the French Civil Code. With respect to any
bankruptcy or insolvency proceeding of Crown Euroco in France, the Euro Collateral Agent shall be deemed to represent the Requisite Obligees only for purposes of making requests or demands in such proceeding. 
  
 The Euro Collateral Agent shall not be required to take any action (including
as mandataire for purposes of the fifth paragraph of this subsection 3(a)) that it believes is contrary to law or to the terms of this Agreement or any of the Euro Security Documents or which it believes would subject it or any of its officers,
employees or directors to liability, and the Euro Collateral Agent shall not be required to take any action under this Agreement or any of the Euro Security Documents (including as mandataire for purposes of the fifth paragraph of this subsection
3(a)), unless and until the Euro Collateral Agent shall receive additional indemnities to its satisfaction from the Euro Secured Parties (or the holders represented thereby) against any and all losses, costs, expenses or liabilities in connection
therewith. 
  
 (b) Each Euro Secured Party executing this
Agreement or an acknowledgment hereto agrees that (i) the Euro Collateral Agent shall act as the Requisite Obligees may request (regardless of whether any Euro Secured Party or any holder represented thereby agrees, disagrees or abstains with
respect to such request), (ii) the Euro Collateral Agent shall have no liability for acting in accordance with such request (provided such action does not, on its face, conflict with the express terms of this Agreement (or such term has been
waived in accordance with the terms hereof)) and (iii) no Euro Secured Party or any holder represented thereby shall have any liability to any other Euro Secured Party or any holder represented thereby for any such request. The Euro Collateral Agent
shall give prompt notice to all Euro Secured Parties of actions taken pursuant to the instructions of Requisite Obligees; provided, however, that the failure to give any such notice shall not impair the right of the Euro Collateral
Agent to take any such action or the validity or enforceability under this Agreement or the applicable Euro Security Document of the action so taken or create a cause of action against the Euro Collateral Agent. 
  

 -17- 

 (c) Each Euro Secured Party agrees that unless and until such Euro Secured Party is entitled to give
direction to the Euro Collateral Agent pursuant to Section 3(a) with respect to a Euro Security Document, the only right of such Euro Secured Party under the Euro Security Documents is for the Obligations owing to such Euro Secured Party to
be secured by the Euro Collateral, and to receive a share of the Proceeds of such Euro Collateral, if any, as and when provided in the Euro Security Documents and Section 4 and Section 5 hereof. 
  
 (d) Notwithstanding anything to the contrary set forth in any of the
Financing Documents or contained herein and irrespective of: 
  
 (i) the time, order or method of creation, attachment or perfection of the respective security interests and/or Liens granted to the Euro Collateral Agent for the benefit of the Euro Secured Parties in or on any or
all of the property or assets of Crown SAS, Crown Euroco and its subsidiaries, 
  
 (ii) the time or order of filing or recording of financing statements or other documents filed or recorded to perfect security interests
in any Euro Collateral, 
  
 (iii) whether any
Euro Secured Party or any bailee or agent thereof holds possession of any or all of the property or assets of any Euro Pledgor, 
  
 (iv) the dating, execution or delivery of any agreement, document or instrument granting any Euro Secured Party security interests and/or
Liens in or on any or all of the property or assets of any Euro Pledgor, 
  
 (v) the giving or failure to give notice of the acquisition or expected acquisition of any purchase money or other security interest and 
  
 (vi) the rules for determining priority under any law or rule governing the relative priorities of secured
creditors, 
  
 (I) any security interest in any Euro Collateral heretofore or
hereafter granted or purported to be granted to secure any Obligations in respect of First Priority Indebtedness pursuant to any Euro Security Document or otherwise has and, except as provided in Section 3(i), shall have priority, to the
extent of any such unpaid Obligations under First Priority Indebtedness, over any security interest in such Euro Collateral granted to secure any Obligations in respect of Second Priority Indebtedness and Third Priority Indebtedness, and any Lien or
security interest in the Euro Collateral held by or for the benefit of the holders of Second Priority Indebtedness and Third Priority Indebtedness shall be in all respects and for all purposes junior to and subordinated to all Liens and security
interests in the Euro Collateral held by or for the benefit 
  

 -18- 

 of holders of First Priority Indebtedness; and (II) any security interest in any Euro Collateral heretofore or hereafter
granted to secure any Obligations in respect of Second Priority Indebtedness pursuant to any Euro Security Document or otherwise has and, except as provided in Section 3(i), shall have priority, to the extent of any such unpaid Obligations
under Second Priority Indebtedness, over any security interest in such Euro Collateral granted to secure any Obligations in respect of Third Priority Indebtedness, and any Lien or security interest in the Euro Collateral held by or for the benefit
of the holders of Third Priority Indebtedness shall be in all respects and for all purposes junior to and subordinated to all Liens and security interests in the Euro Collateral held by or for the benefit of holders of Second Priority Indebtedness.
With respect to the French Security Documents, notwithstanding that the Euro Collateral subject to the Lien thereunder (except for shares of Crown Euroco, which will be pledged exclusively for the benefit of the Bank Indebtedness) secures the First
Priority Indebtedness, Second Priority Indebtedness and Third Priority Indebtedness on a pari passu basis, such Lien shall be subject to the priorities described herein, including, without limitation, Section 4. 
  
 (e) The Euro Collateral Agent may at any time request directions from the
Requisite Obligees with respect to the Euro Security Documents as to any course of action or other matter relating hereto or to any Euro Security Document. Except as set forth in Section 3(f) below, directions given by Requisite Obligees to
the Euro Collateral Agent hereunder shall be binding on all Euro Secured Parties for all purposes. 
  
 (f) (i) Subject to the application of Proceeds (as defined below) pursuant to Section 4, (A) the Euro Collateral Agent may release the Lien of the
Euro Security Documents against any portion or all of the Euro Collateral, to the extent approved by the Requisite Obligees and (B) the Euro Collateral Agent shall release the Lien of the Euro Security Documents against all of the Euro Collateral
and terminate the Euro Security Documents after all Bank Indebtedness and First Priority U.S. Obligations have been repaid in full and the Bank Indebtedness Documents have been terminated; provided, however, that (I) no such release
under clause (A) of this sentence (other than (a) a release permitted by Section 3(f)(ii) and (b) a release in connection with the foreclosure, sale or disposition of Euro Collateral by the Euro Collateral Agent hereunder in connection with
the enforcement of rights and exercise of remedies in respect of such Euro Collateral) of Euro Collateral that is not Additional Bank Collateral shall be effective against any First Priority Agent or any holder of First Priority Capital Markets
Indebtedness if such First Priority Agent or any holder of First Priority Capital Markets Indebtedness shall have delivered a notice to the Euro Collateral Agent not later than one Business Day prior to the date of release that a default or event of
default shall have occurred and be continuing under such applicable First Priority Capital Markets Indebtedness Document as of the time of such proposed release, unless such First Priority Agent consents to such release, (II) no such release (other
than (a) a release permitted by Section 3(f)(ii) and (b) a release in connection with the foreclosure, sale or disposition of Euro Collateral by the Euro Collateral Agent hereunder in connection with the enforcement of rights and exercise of
remedies in respect of such Euro Collateral) of Euro Collateral that is not Additional Bank 
  

 -19- 

 Collateral shall be effective against any Second Priority Agent or any holder of Second Priority Indebtedness if any
Second Priority Agent or any holder of Second Priority Indebtedness shall have delivered a notice to the Euro Collateral Agent not later than one Business Day prior to the date of release that a default or event of default shall have occurred and be
continuing under any Second Priority Indebtedness Document as of the time of such proposed release, unless such Second Priority Agent consents to such release; and (III) no such release (other than (a) a release permitted by Section 3(f)(ii) and (b)
a release in connection with the foreclosure, sale or disposition of Euro Collateral by the Euro Collateral Agent hereunder in connection with the enforcement of rights and exercise of remedies in respect of such Euro Collateral) shall be effective
against any Third Priority Agent or any holder of Third Priority Indebtedness if any Third Priority Agent or any holder of Third Priority Indebtedness shall have delivered a notice to the Euro Collateral Agent not later than one Business Day prior
to the date of release that a default or event of default shall have occurred and be continuing under any Third Priority Indebtedness Document as of the time of such release, unless such Third Priority Agent consents to such release. 
  
 (i) Subject to the application of Proceeds pursuant to Section 4, upon
any (A) sale or other transfer of any Euro Collateral, or (B) the sale or transfer of the Equity Interests of any Euro Pledgor resulting in such Euro Pledgor ceasing to be a Subsidiary, in each case, to any person that is not a Euro Pledgor or
Affiliate (other than, in the case of clause (A) only, a Receivables Subsidiary (as defined in the Credit Agreement)) and such sale or transfer is not prohibited by, in the case of Euro Collateral that is not Additional Bank Collateral, the
Financing Documents, and in the case of Additional Bank Collateral, the Credit Agreement, the Lien of the Euro Security Documents on such Euro Collateral, or the Lien of the Euro Security Documents on the Euro Collateral owned by such Euro Pledgor,
as applicable, shall be released without recourse or warranty; provided, that the Euro Collateral Agent may request, and shall be entitled to rely upon, an officers’ certificate of such Euro Pledgor stating that such sale or transfer is
not prohibited by the Financing Documents or the Credit Agreement, as applicable. In connection with such release, the Euro Collateral Agent shall execute and deliver to any Euro Pledgor, at such Euro Pledgor’s expense, all documents that such
Euro Pledgor shall reasonably request to evidence such termination or release. 
  
 (ii) Notwithstanding anything to the contrary in this Section 3(f), (x) any release of Euro Collateral under the Euro Security Documents shall be a release of such Euro Collateral with respect to each Euro
Secured Party and (y) if any Lien in any Euro Collateral (other than Additional Bank Collateral) previously released pursuant to Section 3(f)(i) is subsequently granted to any Euro Secured Party and such Lien does not otherwise comply with
Section 4.11 of the First Priority Notes Indenture, Section 4.11 of the Second Priority Notes Indenture and Section 4.11 of the Third Priority Notes Indenture, such Lien must be granted to each of the Euro Secured Parties to the extent required
under the applicable Financing Documents, subject to the relative priorities set forth in this Agreement. 
  

 -20- 

 (g) Each Euro Secured Party agrees that no Euro Secured Party shall have any right to, and agrees that it
shall not, take any action whatsoever to enforce any term or provision of any Euro Security Document or to enforce any of its rights in respect of the Euro Collateral (whether arising under any Financing Document, operation of law, statute or
otherwise), it being understood that all rights and remedies under the Euro Security Documents shall be enforced and executed exclusively by the Euro Collateral Agent pursuant to this Agreement. Without limiting any of the foregoing, each Euro
Secured Party irrevocably and unconditionally agrees that so long as any of the Obligations in respect of the Bank Indebtedness Documents have not been indefeasibly paid in full in cash without any refinancing thereof through the incurrence of
indebtedness in any case under the Bankruptcy Law with respect to Crown Euroco or any of its subsidiaries, all other Euro Secured Parties shall not contest any request by the Bank Agent or Euro Collateral Agent for relief from any applicable
Bankruptcy Law. 
  
 In the event of any dissolution, winding-up,
liquidation or reorganization of Crown Euroco or any of its subsidiaries (whether in bankruptcy, insolvency, administration or receivership proceedings, voluntary or involuntary, or upon a general assignment for the benefit of creditors or any other
marshaling of the assets of Crown Euroco or any of its subsidiaries or any other similar remedy or otherwise) tending towards liquidation of the business and assets of Crown Euroco or any of its subsidiaries, if any First Priority Agent, any Second
Priority Agent or any Third Priority Agent does not file a proper claim or proof of debt in the form required in such proceeding prior to 30 days before the expiration of the time to file such claim or claims, then the Euro Collateral Agent shall
have the right (but not the obligation) to file and is hereby authorized and empowered, and irrevocably appointed as attorney-in-fact, to file an appropriate claim for and on behalf of the holders of such indebtedness. In addition, in connection
with any plan proposed by the Bank Agent that is consistent with the terms of this Agreement, each First Priority Agent, each Second Priority Agent and each Third Priority Agent agrees to vote its claim to approve such plan. 
  
 Each Euro Secured Party (other than the U.K. Administrative Agent (as defined
in the Credit Agreement) and the Euro Collateral Agent) agrees that (i) it will provide notices (such notices to be provided in writing and contemporaneously with any notice provided to Crown Euroco or any Euro Pledgor) to each other Euro Secured
Party and the Euro Collateral Agent with respect to the acceleration of its respective indebtedness; provided, however, that the failure to give any such notice to the other Euro Secured Party shall not affect the effectiveness
of any notice given to Crown Euroco or any Euro Pledgor or the validity of this Agreement or create a cause of action against the party failing to give such notice or create any claim or right on behalf of any third party; (ii) the Euro Secured
Parties will not contest each other’s security interest in and/or Liens granted for the benefit of any or all of the Euro Secured Parties in or on any or all of the property or assets of Crown Euroco and the Euro Pledgors and their respective
subsidiaries (including, without limitation, in respect of the Liens of the Bank Agent and Lenders in the Additional Bank Collateral) or contest the validity 
  

 -21- 

 of the documents governing their respective security interests and Liens or assert a claim inconsistent with the terms of
this Agreement; and (iii) in a bankruptcy or insolvency proceeding, the Requisite Obligees may consent to the use of cash collateral in their sole discretion. 
  

Each Euro Secured Party waives any and all rights to (i) require the Euro Collateral Agent to marshal any property or assets of the Euro Pledgors or to
resort to any of the property or assets of the Euro Pledgors in any particular order or manner and (ii) require the Euro Collateral Agent to enforce any guaranty or any security interest or Lien to secure the payment of any or all Obligations as a
condition precedent or concurrent to taking any action against or with respect to the Euro Collateral. 
  
 (h) It is understood and agreed that the Additional Bank Collateral shall only secure Obligations under Bank Indebtedness and is for the benefit of the
Bank Agent on behalf of the Lenders and any Bank Related Hedging Exchanger and any Bank Related Cash Management Exchanger. Each Euro Secured Party (other than the Bank Agent on behalf of the Lenders and agents under the Credit Agreement, any Bank
Related Hedging Exchanger and any Bank Related Cash Management Exchanger) acknowledges and agrees that it has no Lien on the Additional Bank Collateral. 
  
 (i) Notwithstanding any provision of the Euro Security Documents, for so long as any Existing Unsecured Debt is outstanding and if any Euro Collateral
constitutes Restricted Collateral thereunder, then such Euro Collateral shall not secure any Obligations constituting Exempted Indebtedness except to the extent that such Obligations constitute Restricted Secured Indebtedness. Furthermore, if any
Euro Collateral constitutes Intercompany Debt that is represented by a “security”, as defined under the U.S. Securities Act of 1933, as amended (the “Securities Act”), then the amount realizable with respect to any single
such security upon any exercise of remedies by the holders of First Priority Capital Markets Indebtedness, Second Priority Indebtedness or Third Priority Indebtedness shall be limited to the amount necessary such that the issuer of such security
shall not be required to prepare separate audited financial statements under the applicable rules or regulations of the United States Securities and Exchange Commission; provided, however, that this sentence shall not limit the
Obligations secured or amount realizable under Bank Indebtedness. 
  
 (j) Notwithstanding anything to the contrary in this Agreement or the Euro Security Documents, if any Existing Unsecured Debt is required to be secured by Principal Property or Restricted Securities (to the extent such Restricted Securities
constitute Euro Collateral under the Euro Security Documents) due to the triggering of a negative pledge covenant in any indenture pursuant to which such Existing Unsecured Debt is issued, the First Priority Indebtedness, the Second Priority
Indebtedness and the Third Priority Indebtedness shall be secured equally and ratably (except in the case of Additional Bank Collateral which shall secure only Bank Indebtedness) with such Existing Unsecured Debt with respect to the Lien of such
Existing Unsecured Debt on such Principal Property or Restricted Securities to the extent such Restricted Securities constitute Euro Collateral under the Euro Security Documents for so long as such Existing Unsecured Debt is so secured. 

 

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 Section 4. Application of Proceeds. 
  
 (a) Any and all amounts actually received by the Euro Collateral Agent in connection with the enforcement of the Euro
Security Documents, including the proceeds of any collection, sale or other disposition of the Euro Collateral or any portion thereof (collectively, “Proceeds”) shall be applied promptly by the Euro Collateral Agent, subject to the
terms of the Global Participation Agreement, as follows: 
  
 First, to the payment of the costs and expenses of such sale, collection or other realization, including reasonable compensation to the Euro Collateral Agent and its agents and counsel, and all expenses,
liabilities and advances made or incurred by the Euro Collateral Agent in connection therewith and all amounts for which Euro Collateral Agent is entitled to indemnification hereunder, and to the payment of all costs and expenses paid or incurred by
Euro Collateral Agent in connection with the exercise of any right or remedy hereunder; 
  
 Second, to the payment of the Obligations in respect of First Priority Indebtedness (including any deposits into a collateral
account for outstanding letters of credit under the Credit Agreement, provided that if such letters of credit expire without being fully drawn, then at that time, such excess amounts shall be applied as provided in this Section 4 to
then outstanding Obligations in respect of First Priority Indebtedness) for the ratable benefit of the holders thereof; 
  
 Third, only after indefeasible payment in full of all Obligations in respect of First Priority Indebtedness and the First Priority
Indebtedness Documents have terminated and the letters of credit under the Credit Agreement have been canceled, to the payment of Obligations in respect of Second Priority Indebtedness for the ratable benefit of the holders thereof; 
  
 Fourth, only after indefeasible payment in full of
all Obligations in respect of First Priority Indebtedness and Second Priority Indebtedness and the First Priority Indebtedness Documents and Second Priority Indebtedness Documents have terminated, to the payment of Obligations in respect of Third
Priority Indebtedness for the ratable benefit of the holders thereof; and 
  
 Fifth, after indefeasible payment in full of all Obligations in respect of First Priority Indebtedness, Second Priority Indebtedness and Third Priority Indebtedness and the First Priority Indebtedness
Documents, the Second Priority 
  

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 Indebtedness Documents and the Third Priority Indebtedness Documents have terminated, to the respective
Euro Pledgor of such Euro Collateral or its successors or assigns, or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct, of any surplus then remaining from such Proceeds; 
  
 provided, that if such Euro Collateral is Additional Bank Collateral, such Proceeds
shall not be applied to the payment of Obligations in respect of First Priority Capital Markets Indebtedness, Second Priority Indebtedness or Third Priority Indebtedness. 
  
 Until Proceeds are so applied, the Euro Collateral Agent shall hold such Proceeds in its custody in accordance with its regular procedures
for handling deposited funds. 
  
 For the purposes of determining ratable amounts
under this Section 4, the Euro Collateral Agent will use the Dollar Equivalent (as defined in the Credit Agreement) at the time of determination of the First Priority Indebtedness, Second Priority Indebtedness and Third Priority Indebtedness
outstanding. 
  
 (b) (i) (A) Any Proceeds from any Additional Bank
Collateral received by the Euro Collateral Agent to be distributed under Section 4(a) to payment of the Obligations in respect of Bank Indebtedness shall be applied so that each Euro Secured Party that is a Lender with respect thereto that is
then secured by the Additional Bank Collateral giving rise to such Proceeds shall receive payment of the same proportionate amount of all such Obligations and (B) any Proceeds from any Euro Collateral (other than Additional Bank Collateral) received
by the Euro Collateral Agent to be distributed under Section 4(a) to payment of the Obligations in respect of First Priority Indebtedness shall be applied so that each Euro Secured Party with respect thereto that is then secured by the Euro
Collateral (other than Additional Bank Collateral) giving rise to such Proceeds shall receive payment of the same proportionate amount of all such Obligations, (ii) any Proceeds received by the Euro Collateral Agent to be distributed under
Section 4(a) to payment of the Obligations in respect of Second Priority Indebtedness shall be applied so that each Euro Secured Party with respect thereto that is then secured by the Euro Collateral giving rise to such Proceeds shall receive
payment of the same proportionate amount of all such Obligations and (iii) any Proceeds received by the Euro Collateral Agent to be distributed under Section 4(a) to payment of the Obligations in respect of Third Priority Indebtedness shall
be applied so that each Euro Secured Party with respect thereto that is then secured by the Euro Collateral giving rise to such Proceeds shall receive payment of the same proportionate amount of all such Obligations. For purposes of determining the
proportionate amounts of all Obligations in respect of First Priority Indebtedness when Proceeds are to be distributed under this Section 4, the amount of the outstanding Obligations under the First Priority Indebtedness Documents,
respectively, shall be deemed to be the principal (including the face amount of outstanding letters of credit) and interest then due and payable under the First Priority Indebtedness plus any other fees, indemnities and costs then 
  

 -24- 

 due and payable under the First Priority Indebtedness Documents (it being agreed that the amount of the outstanding Bank
Related Hedging Obligations and Bank Related Cash Management Obligations of any Bank Related Hedging Exchanger or Bank Related Cash Management Exchanger shall be deemed to be the amount of Crown Euroco’s or any of its subsidiaries’
obligations then due and payable (exclusive of expenses or similar liabilities but including any early termination payments then due) under the applicable Bank Related Hedging Agreements or Bank Related Cash Management Agreements). For purposes of
determining the proportionate amounts of all Obligations in respect of Second Priority Indebtedness when Proceeds are to be distributed under this Section 4, the amount of the outstanding Obligations in respect of the Second Priority
Indebtedness shall be deemed to be the principal and interest then due and payable under the Second Priority Indebtedness Documents, plus any other fees, indemnities and costs then due and payable under the Second Priority Indebtedness Documents.
For purposes of determining the proportionate amounts of all Obligations in respect of Third Priority Indebtedness when Proceeds are to be distributed under this Section 4, the amount of the outstanding Obligations in respect of the Third
Priority Indebtedness shall be deemed to be the principal and interest then due and payable under the Third Priority Indebtedness Documents, plus any other fees, indemnities and costs then due and payable under the Third Priority Indebtedness
Documents. 
  
 (c) Payments by the Euro Collateral Agent on
account of Proceeds received by the Euro Collateral Agent in respect of the Obligations under the Credit Agreement shall be made to the Bank Agent for distribution by the Bank Agent to the Lenders and other Euro Secured Parties under the Credit
Agreement in accordance with the Credit Agreement and as follows: (i) any payments in respect of Bank Related Hedging Obligations and Bank Related Cash Management Obligations shall be made as directed by the Bank Related Hedging Exchanger or Bank
Related Cash Management Exchanger to which such Bank Related Hedging Obligations or Bank Related Cash Management Obligations are owed; and (ii) any payments in respect of loans or outstanding letters of credit made to or on behalf of Crown Euroco
under the Credit Agreement shall be paid to the Bank Agent for the benefit of the Lenders and other Euro Secured Parties under the Credit Agreement. All other payments on account of Proceeds received by Euro Collateral Agent in respect of all other
Obligations in respect of First Priority Capital Markets Indebtedness, Second Priority Indebtedness and Third Priority Indebtedness shall be paid to the First Priority Agents, the Second Priority Agents and the Third Priority Agents, as applicable,
on behalf of the holders of such indebtedness. 
  
 Section 5. Certain
Provisions Regarding Second Priority Indebtedness and Third Priority Indebtedness. 
  
 (a) This Section 5 shall apply to Second Priority Indebtedness and Third Priority Indebtedness in relation to First Priority Indebtedness at any time that Obligations under First Priority Indebtedness are
outstanding. 
  

 -25- 

 (b) In the event any Proceeds of Euro Collateral are received by any Second Priority Agent or any holder
of Second Priority Indebtedness or any Third Priority Agent or any holder of Third Priority Indebtedness other than as expressly permitted by the terms of this Agreement, such Proceeds shall be received by such person in trust for the benefit of the
Bank Agent, the First Priority Agents and the holders of First Priority Indebtedness and such person shall promptly turn over such proceeds to the Euro Collateral Agent (in the same form as received, with any necessary non-recourse endorsement), for
application (in the case of cash) to, or as Euro Collateral (in the case of non-cash property or securities) for, the payment or prepayment of the First Priority Indebtedness remaining unpaid to the extent necessary to pay such First Priority
Indebtedness in full in accordance with its terms. In the event any Second Priority Agent or any holder of Second Priority Indebtedness or any Third Priority Agent or any holder of Third Priority Indebtedness fails to provide any endorsement, as
contemplated by the preceding sentences, the Euro Collateral Agent, or any of its officers or employees, is hereby irrevocably authorized to make the same (which authorization, being coupled with an interest, is irrevocable). 
  
 (c) Each Second Priority Agent and each holder of Second Priority
Indebtedness and each Third Priority Agent and each holder of Third Priority Indebtedness hereby waives all rights of subrogation to the claims of the Bank Agent, the First Priority Agents and holders of First Priority Indebtedness against Crown
Holdings or any of its subsidiaries, and waives all rights of recourse to any security for any First Priority Indebtedness, until such time as all First Priority Indebtedness shall have been indefeasibly paid in full in cash and the First Priority
Indebtedness Documents and all commitments thereunder shall have terminated pursuant to the respective terms and provisions thereof; provided that if any payment to the Bank Agent, First Priority Agents or any holder of First Priority
Indebtedness is rescinded as a result of a proceeding or otherwise, the subrogation of each Second Priority Agent and each holder of Second Priority Indebtedness and each Third Priority Agent and each holder of Third Priority Indebtedness as
provided herein shall likewise be rescinded until all of the First Priority Indebtedness is indefeasibly paid in full in cash. 
  
 (d) No right of the Euro Collateral Agent or the Bank Agent, First Priority Agents or holder of First Priority Indebtedness to enforce the subordination
of the Liens on Euro Collateral securing all or any part of the Second Priority Indebtedness and Third Priority Indebtedness shall be impaired by any act or failure to act by Crown SAS, Crown Euroco or any of their subsidiaries or by its failure to
comply with this Agreement. Without limiting the generality of the foregoing, the rights of the Euro Collateral Agent, the Bank Agent, the First Priority Agents and holders of First Priority Indebtedness under this Agreement shall remain in full
force and effect without regard to, and shall not be impaired by: (i) any act or failure to act of Crown SAS, Crown Euroco or any of their subsidiaries, the Bank Agent or any First Priority Agent or holder of any First Priority Indebtedness, or any
noncompliance by Crown SAS, Crown Euroco or any of their subsidiaries, the Bank Agent or any First Priority Agent or holder of any First Priority Indebtedness with any agreement or obligation, regardless of any 
  

 -26- 

 knowledge thereof which the Euro Collateral Agent, the Bank Agent or any First Priority Agent or holder of the First
Priority Indebtedness may have or with which the Euro Collateral Agent or the Bank Agent, any First Priority Agent or holder of any First Priority Indebtedness may be charged, (ii) the validity or enforceability of any of any First Priority
Indebtedness Documents or of the Lien created by the Euro Security Documents or the avoidance of any First Priority Indebtedness or such Lien under the Bankruptcy Law or other applicable law (and all of the provisions of this Agreement shall be
applied as though there were no such invalidity or avoidance), (iii) any extension or indulgence in respect of any payment or prepayment of the First Priority Indebtedness or any part thereof or in respect of any other amount payable to the Euro
Collateral Agent, the Bank Agent or any First Priority Agent or holder of any First Priority Indebtedness, (iv) any amendment, modification or waiver of any of the terms of any First Priority Indebtedness Document or any Second Priority Indebtedness
Document or any Third Priority Indebtedness Document, (v) any exercise, delayed exercise or non-exercise by the Euro Collateral Agent, the Bank Agent or any First Priority Agent or holder of any First Priority Indebtedness of any right, power,
privilege or remedy under or in respect of any First Priority Indebtedness, the Euro Collateral or this Agreement, (vi) any other action of the Euro Collateral Agent, the Bank Agent or any First Priority Agent or holder of any First Priority
Indebtedness permitted under any First Priority Indebtedness Documents or this Agreement or (vii) the absence of any notice to, or knowledge by, any Second Priority Agent or holder of any Second Priority Indebtedness or any Third Priority Agent or
any holder of any Third Priority Indebtedness of the existence, creation or non-payment of all or any part of any First Priority Indebtedness, or the occurrence of any of the matters or events set forth in the foregoing clauses (i) through (vii),
except as such notice shall be specifically required pursuant to the terms thereof. 
  
 (e) All of the First Priority Indebtedness shall be deemed to have been made or incurred in reliance upon this Agreement and each Second Priority Agent and each holder of Second Priority Indebtedness and each Third
Priority Agent and each holder of Third Priority Indebtedness expressly waives (i) notice of acceptance by the Euro Collateral Agent or the Bank Agent, the First Priority Agents or holder of any First Priority Indebtedness of this Agreement, (ii)
notice of the existence or creation or non-payment of all or any part of any First Priority Indebtedness, (iii) all diligence in collection or protection of or realization upon all or any part of any First Priority Indebtedness or any security
therefor and any requirement that the Euro Collateral Agent or the Bank Agent, the First Priority Agents or holder of any First Priority Indebtedness protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or
take any action against Crown SAS, Crown Euroco or any of their subsidiaries or any other person or any such property, and (iv) promptness, diligence, notice of acceptance and any other notice with respect to any of the First Priority Indebtedness.

  
 (f) Each Second Priority Agent and holder of Second Priority
Indebtedness and each Third Priority Agent and holder of Third Priority Indebtedness agrees and consents that 
  

 -27- 

 the Bank Agent, the First Priority Agents and each holder of First Priority Indebtedness may, at any time and from time
to time, in their sole discretion, without the consent of or notice to the Second Priority Agent or the holders of Second Priority Indebtedness or any Third Priority Agent or any holder of Third Priority Indebtedness (except to the extent such
notice is specifically required pursuant to the provisions of this Agreement), without incurring responsibility to any Second Priority Agent or holder of Second Priority Indebtedness or any Third Priority Agent or any holder of Third Priority
Indebtedness, and without impairing or releasing the subordination provided for herein or the obligations of any Second Priority Agent or holder of Second Priority Indebtedness or any Third Priority Agent or holder of Third Priority Indebtedness to
the Bank Agent, the First Priority Agents or holder of First Priority Indebtedness hereunder, amend, restate, supplement or otherwise modify the First Priority Indebtedness Documents in any way whatsoever, including, without limitation, the
following: (i) shorten the final maturity of all or any part of the First Priority Indebtedness, (ii) modify the amortization of the principal amount of all or any part of the First Priority Indebtedness, (iii) increase the principal amount of the
First Priority Indebtedness, or otherwise provide for additional advances, (iv) raise the standard or default per annum interest rates applicable to all or any part of the First Priority Indebtedness, (v) impose any additional fees or penalties upon
Crown SAS, Crown Euroco or any of their subsidiaries or increase the amount of or rate for any fees or penalties provided for in the First Priority Indebtedness Documents, (vi) retain or obtain a Lien on any property to secure any of the First
Priority Indebtedness, (vii) enter into new First Priority Indebtedness Documents with Crown SAS, Crown Euroco or any of their subsidiaries, (viii) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, all
or any of the First Priority Indebtedness or otherwise amend, restate, supplement or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the First Priority Indebtedness or any of the First Priority
Indebtedness Documents, (ix) retain or obtain the primary or secondary obligation of any other person with respect to any of the First Priority Indebtedness, (x) release any person liable in any manner under or in respect of First Priority
Indebtedness or release or compromise any obligation of any nature of any person with respect to any of the First Priority Indebtedness, (xi) sell, exchange, not perfect or otherwise deal with any property at any time pledged, assigned or mortgaged
to secure or otherwise securing, all or any part of the First Priority Indebtedness, (xii) release its security interest in, or surrender, release or permit any substitution or exchange for, all or any part of any property securing any First
Priority Indebtedness, or release, compromise, alter or exchange any obligations of any nature of any person with respect to any such property, (xiii) amend, or grant any waiver or release with respect to, or consent to any departure from, any
guaranty for all or any of the First Priority Indebtedness, (xiv) exercise or refrain from exercising any rights or remedies against and release from obligations of any type, Crown SAS, Crown Euroco or any of their subsidiaries or any other person,
(xv) apply any sums from time to time received to the First Priority Indebtedness in such manner such as such person shall determine and (xvi) otherwise manage and supervise the First Priority Indebtedness in accordance with such person’s usual
practices, modified from time to time as such person deems appropriate under the circumstances. 
  

 -28- 

 Section 6. Certain Provisions Regarding Third Priority Indebtedness. 
  
 (a) This Section shall apply to Third Priority Indebtedness in relation to
Second Priority Indebtedness at any time that Obligations under Second Priority Indebtedness are outstanding while all Obligations under First Priority Indebtedness have been indefeasibly repaid in full and all First Priority Indebtedness Documents
have been terminated and the letters of credit under the Credit Agreement have been cancelled. 
  
 (b) In the event any Proceeds of Euro Collateral are received by any Third Priority Agent or any holder of Third Priority Indebtedness other than as expressly permitted by the terms of this Agreement, such Proceeds
shall be received by such person in trust for the benefit of the Second Priority Agents and the holders of Second Priority Indebtedness and such person shall promptly turn over such proceeds to the Euro Collateral Agent (in the same form as
received, with any necessary non-recourse endorsement), for application (in the case of cash) to, or as Euro Collateral (in the case of non-cash property or securities) for, the payment or prepayment of the Second Priority Indebtedness remaining
unpaid to the extent necessary to pay such Second Priority Indebtedness in full in accordance with its terms. In the event any Third Priority Agent or any holder of Third Priority Indebtedness fails to provide any endorsement, as contemplated by the
preceding sentences, the Euro Collateral Agent, or any of its officers or employees, is hereby irrevocably authorized to make the same (which authorization, being coupled with an interest, is irrevocable). 
  
 (c) Each Third Priority Agent and each holder of Third Priority Indebtedness
hereby waives all rights of subrogation to the claims of the Second Priority Agents and holders of Second Priority Indebtedness against Crown Holdings or any of its subsidiaries, and waives all rights of recourse to any security for any Second
Priority Indebtedness, until such time as all Second Priority Indebtedness shall have been indefeasibly paid in full in cash and the Second Priority Indebtedness Documents shall have terminated pursuant to the respective terms and provisions
thereof; provided that if any payment to the Second Priority Agents or any holder of Second Priority Indebtedness is rescinded as a result of a proceeding or otherwise, the subrogation of each Third Priority Agent and each holder of Third
Priority Indebtedness as provided herein shall likewise be rescinded until all of the Second Priority Indebtedness is indefeasibly paid in full in cash. 
  
 (d) No right of the Euro Collateral Agent or any Second Priority Agent or holder of Second Priority Indebtedness to enforce the subordination of the Liens
on Euro Collateral securing all or any part of the Third Priority Indebtedness shall be impaired by any act or failure to act by Crown SAS, Crown Euroco or any of their subsidiaries or by its failure to comply with this Agreement. Without limiting
the generality of the foregoing, the rights of the Euro Collateral Agent and the Second Priority Agents and holders of Second Priority Indebtedness under this Agreement shall remain in full force and effect without regard to, and shall not be
impaired by: (i) any act or failure to act of Crown SAS, Crown Euroco or any of their 
  

 -29- 

 subsidiaries, Second Priority Agent or holder of any Second Priority Indebtedness, or any noncompliance by Crown SAS,
Crown Euroco or any of their subsidiaries, Second Priority Agent or holder of any Second Priority Indebtedness with any agreement or obligation, regardless of any knowledge thereof which the Euro Collateral Agent or Second Priority Agent or holder
of any Second Priority Indebtedness may have or with which the Euro Collateral Agent or any Second Priority Agent or holder of any Second Priority Indebtedness may be charged, (ii) the validity or enforceability of any of the Second Priority
Indebtedness Documents or the Lien created by the Euro Security Documents or the avoidance of any Second Priority Indebtedness or such Lien under the Bankruptcy Law or other applicable law (and all of the provisions of this Agreement shall be
applied as though there were no such invalidity or avoidance), (iii) any extension or indulgence in respect of any payment or prepayment of the Second Priority Indebtedness or any part thereof or in respect of any other amount payable to the Euro
Collateral Agent or any Second Priority Agent or any holder of Second Priority Indebtedness, (iv) any amendment, modification or waiver of any of the terms of any Second Priority Indebtedness Document or any Third Priority Indebtedness Document, (v)
any exercise, delayed exercise or non-exercise by the Euro Collateral Agent or any Second Priority Agent or holder of any Second Priority Indebtedness of any right, power, privilege or remedy under or in respect of any Second Priority Indebtedness,
the Euro Collateral or this Agreement, (vi) any other action of the Euro Collateral Agent or any Second Priority Agent or holder of any Second Priority Indebtedness permitted under the Second Priority Indebtedness Documents or this Agreement or
(vii) the absence of any notice to, or knowledge by, any Third Priority Agent or holder of any Third Priority Indebtedness of the existence, creation or non-payment of all or any part of any Second Priority Indebtedness, or the occurrence of any of
the matters or events set forth in the foregoing clauses (i) through (vii), except as such notice shall be specifically required pursuant to the terms thereof. 
  

(e) All of the Second Priority Indebtedness shall be deemed to have been made or incurred in reliance upon this Agreement and each Third Priority Agent
and each holder of Third Priority Indebtedness expressly waives (i) notice of acceptance by the Euro Collateral Agent or any Second Priority Agent or holder of any Second Priority Indebtedness of this Agreement, (ii) notice of the existence or
creation or non-payment of all or any part of any Second Priority Indebtedness, (iii) all diligence in collection or protection of or realization upon all or any part of the Second Priority Indebtedness or any security therefor and any requirement
that the Euro Collateral Agent or any Second Priority Agent or holder of any Second Priority Indebtedness protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against Crown SAS, Crown
Euroco or any of their subsidiaries or any other person or any such property, and (iv) promptness, diligence, notice of acceptance and any other notice with respect to any of the Second Priority Indebtedness. 
  
 (f) Each Third Priority Agent and holder of Third Priority Indebtedness
agrees and consents that each Second Priority Agent and each holder of Second Priority Indebtedness 
  

 -30- 

 may, at any time and from time to time, in their sole discretion, without the consent of or notice to any Third Priority
Agent or holders of Third Priority Indebtedness (except to the extent such notice is specifically required pursuant to the provisions of this Agreement), without incurring responsibility to any Third Priority Agent or holder of Third Priority
Indebtedness, and without impairing or releasing the subordination provided for herein or the obligations of any Third Priority Agent or holder of Third Priority Indebtedness to any Second Priority Agent or holder of Second Priority Indebtedness
hereunder, amend, restate, supplement or otherwise modify the Second Priority Indebtedness Documents in any way whatsoever, including, without limitation, the following: (i) shorten the final maturity of all or any part of the Second Priority
Indebtedness, (ii) modify the amortization of the principal amount of all or any part of the Second Priority Indebtedness, (iii) increase the principal amount of the Second Priority Indebtedness, or otherwise provide for additional advances, (iv)
raise the standard or default per annum interest rates applicable to all or any part of the Second Priority Indebtedness, (v) impose any additional fees or penalties upon Crown SAS, Crown Euroco or any of their subsidiaries or increase the amount of
or rate for any fees or penalties provided for in the Second Priority Indebtedness Documents, (vi) retain or obtain a Lien on any property to secure any of the Second Priority Indebtedness, (vii) enter into new Second Priority Indebtedness Documents
with Crown SAS, Crown Euroco or any of their subsidiaries, (viii) change the manner, place or terms of payment or extend the time of payment of, or renew or alter, all or any of the Second Priority Indebtedness or otherwise amend, restate,
supplement or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part of the Second Priority Indebtedness or any of the Second Priority Indebtedness Documents, (ix) retain or obtain the primary or secondary
obligation of any other person with respect to any of the Second Priority Indebtedness, (x) release any person liable in any manner under or in respect of Second Priority Indebtedness or release or compromise any obligation of any nature of any
person with respect to any of the Second Priority Indebtedness, (xi) sell, exchange, not perfect or otherwise deal with any property at any time pledged, assigned or mortgaged to secure or otherwise securing, all or any part of the Second Priority
Indebtedness, (xii) release its security interest in, or surrender, release or permit any substitution or exchange for, all or any part of any property securing any Second Priority Indebtedness, or release, compromise, alter or exchange any
obligations of any nature of any person with respect to any such property, (xiii) amend, or grant any waiver or release with respect to, or consent to any departure from, any guaranty for all or any of the Second Priority Indebtedness, (xiv)
exercise or refrain from exercising any rights or remedies against and release from obligations of any type, Crown SAS, Crown Euroco or any of their subsidiaries or any other person, (xv) apply any sums from time to time received to the Second
Priority Indebtedness in such manner such as such person shall determine and (xvi) otherwise manage and supervise the Second Priority Indebtedness in accordance with such person’s usual practices, modified from time to time as such person deems
appropriate under the circumstances. 
  

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 Section 7. Information. 
  

In the event the Euro Collateral Agent proceeds to foreclose upon, collect, sell or otherwise dispose of or take any other action with respect to the
Euro Collateral, or any portion thereof, or to enforce any Euro Security Document, or proposes to take any other action pursuant to this Agreement or requests instructions from the Euro Secured Parties as provided herein, upon the request of the
Euro Collateral Agent, each of the following Euro Secured Parties agrees to provide promptly to the Euro Collateral Agent the following information: 
  
 (a) The Bank Agent on behalf of the Lenders (and any Lender of Additional First Priority Bank Indebtedness) and agents under the Credit
Agreement, by executing this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the aggregate amount of principal of and interest on the Obligations and any fees or other amounts owing under the Credit Agreement
and the amount of outstanding letters of credit under the Credit Agreement as at such date and the amount, if any, then due and payable under the Credit Agreement as the Euro Collateral Agent may specify, (ii) the current commitment of each Lender
under the Credit Agreement, and (iii) any payment received by the Bank Agent to be applied to the principal of or interest on the amounts due under the Credit Agreement or any fees or other amounts owing under the Credit Agreement. The Bank Agent
shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  
 (b) Each Bank Related Hedging Exchanger party to a Bank Related Hedging Agreement benefited by this Agreement, by signing an
acknowledgment to this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the notional amount under such Bank Related Hedging Agreement and the amount payable by Crown Euroco or any of its subsidiaries upon early
termination of such Bank Related Hedging Agreement at the date of termination as fixed by such Bank Related Hedging Agreement and (ii) any payment received by such Bank Related Hedging Exchanger to be applied to amounts due upon early termination of
such Bank Related Hedging Agreement. Such Bank Related Hedging Exchanger shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  
 (c) Each Bank Related Cash Management Exchanger party to a
Bank Related Cash Management Agreement benefited by this Agreement, by signing an acknowledgment to this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the notional amount under such Bank Related Cash
Management Agreement and the amount payable by Crown Holdings or any of its subsidiaries upon early termination of such Bank Related Cash Management Agreement at the date of termination as fixed by such Bank Related Cash Management Agreement

  

 -32- 

 and (ii) any payment received by such Bank Related Cash Management Exchanger to be applied to amounts due
upon early termination of such Bank Related Cash Management Agreement. Such Bank Related Cash Management Exchanger shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification.

  
 (d) Upon written request from the Euro
Collateral Agent, the First Priority Notes Trustee, by executing this Agreement, agrees to promptly notify the Euro Collateral Agent of (i) the aggregate amount of principal and interest outstanding and other amounts owing with respect to the First
Priority Notes under the First Priority Notes Documents and the amount, if any, then due and payable under such First Priority Notes and the First Priority Notes Documents, as at such date as the Euro Collateral Agent may specify, and (ii) any
payment received by such First Priority Notes Trustee to be applied to the principal of or interest on the amounts due with respect to the First Priority Notes and the First Priority Notes Documents. The First Priority Notes Trustee shall certify as
to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  
 (e) Upon written request from the Euro Collateral Agent, the Second Priority Notes Trustee, by executing this Agreement, agrees to
promptly notify the Euro Collateral Agent of (i) the aggregate amount of principal and interest outstanding and other amounts owing with respect to the Second Priority Notes under the Second Priority Notes Documents and the amount, if any, then due
and payable under such Second Priority Notes and Second Priority Notes Documents, as at such date as the Euro Collateral Agent may specify, and (ii) any payment received by such Second Priority Notes Trustee to be applied to the principal of or
interest on the amounts due with respect to the Second Priority Notes and Second Priority Notes Documents. The Second Priority Notes Trustee shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon
such certification. 
  
 (f) Upon written request
from the Euro Collateral Agent, the Third Priority Notes Trustee, by executing this Agreement, agrees to promptly notify the Euro Collateral Agent of (i) the aggregate amount of principal and interest outstanding and other amounts owing with respect
to the Third Priority Notes under the Third Priority Notes Documents and the amount, if any, then due and payable under such Third Priority Notes and Third Priority Notes Documents, as at such date as the Euro Collateral Agent may specify, and (ii)
any payment received by such Third Priority Notes Trustee to be applied to the principal of or interest on the amounts due with respect to the Third Priority Notes and Third Priority Notes Documents. The Third Priority Notes Trustee shall certify as
to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  

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 (g) Each Additional First Priority Capital Markets Indebtedness Representative with
respect to the Additional First Priority Capital Markets Indebtedness benefited by this Agreement, by signing an acknowledgment to this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the aggregate amount of
principal and interest outstanding and other amounts owing under the applicable Additional First Priority Capital Markets Indebtedness Documents and the amount, if any, then due and payable under such Additional First Priority Capital Markets
Indebtedness Documents, as at such date as the Euro Collateral Agent may specify, and (ii) any payment received by such Additional First Priority Capital Markets Indebtedness Representative to be applied to the principal of or interest on the
amounts due with respect to such Additional First Priority Capital Markets Indebtedness and such Additional First Priority Capital Markets Indebtedness Documents. The Additional First Priority Capital Markets Indebtedness Representative shall
certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  
 (h) Each Additional Second Priority Indebtedness Representative with respect to the Additional Second Priority Indebtedness benefited by
this Agreement, by signing an acknowledgment to this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the aggregate amount of principal and interest outstanding and other amounts owing under the applicable
Additional Second Priority Indebtedness Documents and the amount, if any, then due and payable under such Additional Second Priority Indebtedness Documents, as at such date as the Euro Collateral Agent may specify, and (ii) any payment received by
such Additional Second Priority Indebtedness Representative to be applied to the principal of or interest on the amounts due with respect to such Additional Second Priority Indebtedness and such Additional Second Priority Indebtedness Documents. The
Additional Second Priority Indebtedness Representative shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  
 (i) Each Additional Third Priority Indebtedness Representative with respect to Additional Third Priority
Indebtedness benefited by this Agreement, by signing an acknowledgment to this Agreement, agrees to promptly from time to time notify the Euro Collateral Agent of (i) the aggregate amount of principal and interest outstanding and other amounts owing
under the applicable Additional Third Priority Indebtedness Documents and the amount, if any, then due and payable under such Additional Third Priority Indebtedness Documents, as at such date as the Euro Collateral Agent may specify, and (ii) any
payment received by such Additional Third Priority Indebtedness Representative to be applied to the principal of or interest on the amounts due with respect to such Additional Third Priority Indebtedness and such Additional Third Priority
Indebtedness Documents. The Additional Third Priority Indebtedness Representative shall certify as to such amounts and the Euro Collateral Agent shall be entitled to rely conclusively upon such certification. 
  

 -34- 

	Section 8.	Bank Related Hedging Agreements; Bank Related Cash Management Agreements; Additional First Priority Capital Markets Indebtedness Documents; Additional Second Priority
Indebtedness Documents; Additional Third Priority Indebtedness Documents. 

  
 (a) Each Bank Related Hedging Exchanger and Bank Related Cash Management Exchanger may cause Bank Related Hedging Obligations and Bank Related Cash Management Obligations to be secured by the Euro Security Documents
by executing an acknowledgment in the form of Annexes 1 and 2 hereto, and by delivering such executed acknowledgment to the Euro Collateral Agent, by which such Bank Related Hedging Exchanger or Bank Related Cash Management Exchanger
agrees to be bound by the terms of this Agreement. 
  
 (b) Each
Additional First Priority Capital Markets Indebtedness Representative, on behalf of itself and all holders of obligations under Additional First Priority Capital Markets Indebtedness may cause such Additional First Priority Capital Markets
Indebtedness to be secured by the Euro Security Documents by causing their Additional First Priority Capital Markets Indebtedness Representative to execute an acknowledgment in the form of Annex 3 hereto, and by delivering such executed
acknowledgment to the Euro Collateral Agent, by which such Additional First Priority Capital Markets Indebtedness Representative agrees, on behalf of itself and all holders of such Additional First Priority Capital Markets Indebtedness, to be bound
by the terms of this Agreement. 
  
 (c) Each Additional Second
Priority Indebtedness Representative, on behalf of itself and all holders of such Additional Second Priority Indebtedness, may cause such Additional Second Priority Indebtedness to be secured by the Euro Security Documents by causing their
Additional Second Priority Indebtedness Representative to execute an acknowledgment in the form of Annex 4 hereto, and by delivering such executed acknowledgment to the Euro Collateral Agent, by which such Additional Second Priority
Indebtedness Representative agrees, on behalf of itself and all holders of such Additional Second Priority Indebtedness, to be bound by the terms of this Agreement. 
  
 (d) Each Additional Third Priority Indebtedness Representative, on behalf of itself and all holders of such Additional Third
Priority Indebtedness, may cause such Additional Third Priority Indebtedness to be secured by the Euro Security Documents by causing their Additional Third Priority Indebtedness Representative to execute an acknowledgment in the form of Annex
5 hereto, and by delivering such executed acknowledgment to the Euro Collateral Agent, by which such Additional Third Priority Indebtedness Representative agrees, on behalf of itself and all holders of such Additional Third Priority
Indebtedness, to be bound by the terms of this Agreement. 
  

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 Section 9. Disclaimers, Indemnity, Etc. 
  
 (a) By becoming a party to this Agreement, each Euro Secured Party acknowledges that the Euro Collateral Agent shall not be
the trustee of any Euro Secured Party. The Euro Collateral Agent shall have no duties or responsibilities except those expressly set forth in this Agreement or the Euro Security Documents, and the Euro Collateral Agent shall not by reason of this
Agreement or the Euro Security Documents be a trustee for any Euro Secured Party or have any other fiduciary obligation to any Euro Secured Party (including any obligation under the Trust Indenture Act of 1939, as amended). The Euro Collateral Agent
shall not be responsible to any Euro Secured Party for any recitals, statements, representations or warranties contained in this Agreement or any Financing Document or in any certificate or other document referred to or provided for in, or received
by any of them under, any of the Financing Documents, or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of any of the Financing Documents or any other document referred to or provided for therein or any Lien under
the Euro Security Documents or the perfection or priority of any such Lien or for any failure by any other party to perform any of its respective obligations under any of the Financing Documents. The Euro Collateral Agent may employ agents and
sub-collateral agents and attorneys-in-fact and shall not be responsible, except as to money or securities received by it or its authorized agents, for the negligence or misconduct of any such agents or attorneys-in-fact selected by it with
reasonable care. Neither the Euro Collateral Agent nor any of its directors, officers, employees or agents shall be liable or responsible for any action taken or omitted to be taken by it or them hereunder or in connection herewith (including as
mandataire for purposes of the fifth paragraph of subsection 3(a)), except for actions that are finally judicially determined to have resulted from its or their own gross negligence or willful misconduct. 
  
 (b) The Euro Collateral Agent shall be entitled to request and rely upon any
certification, notice or other communication (including any thereof by telex, telecopy, telegram or cable) believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person or persons, and upon advice and
statements of legal counsel (including counsel to Crown Euroco or any of its subsidiaries), independent accountants and other experts selected by the Euro Collateral Agent and shall in all cases be fully protected in acting or refraining from acting
so upon. Without limiting any rights of the Euro Collateral Agent hereunder, the Euro Collateral Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder in accordance with instructions signed by Requisite
Obligees, and such instructions of Requisite Obligees, and any action taken or failure to act pursuant thereto, shall be binding on all of the Euro Secured Parties. 
  
 (c) Each of Crown Euroco and each Euro Pledgor (collectively, the “Indemnifying Parties”) agrees, jointly
and severally, to indemnify the Euro Collateral Agent for any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on,
incurred by or 
  

 -36- 

 asserted against the Euro Collateral Agent (including as mandataire for purposes of the fifth paragraph of subsection
3(a)) in any way relating to or arising out of any of this Agreement, the Euro Security Documents, the Financing Documents or any other documents contemplated by or referred to therein or the transactions contemplated thereby or the enforcement of
any of the terms of any thereof; provided, however, that no such Indemnifying Party shall be liable for any of the foregoing to the extent they are finally judicially determined to have resulted from the gross negligence or willful
misconduct of the Euro Collateral Agent. 
  
 (d) Except for action
expressly required of the Euro Collateral Agent hereunder, the Euro Collateral Agent shall, notwithstanding anything to the contrary in Section 9(c) hereof, in all cases be fully justified in failing or refusing to act hereunder or under the
Euro Security Documents (including as mandataire for purposes of the fifth paragraph of subsection 3(a)) unless it shall be further indemnified to its satisfaction by the Euro Secured Parties (or the lenders or holders represented thereby) against
any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. 
  
 (e) Except as expressly provided herein and in the Euro Security Documents, the Euro Collateral Agent shall have no duty to take any affirmative steps
with respect to the collection of amounts payable in respect of the Euro Collateral. The Euro Collateral Agent shall incur no liability to any Euro Secured Party as a result of any sale of any Euro Collateral at any private sale. 
  
 (f) (i) The Euro Collateral Agent may resign at any time by giving at least 5
days’ notice thereof to the Euro Secured Parties (such resignation to take effect as hereinafter provided) and the Euro Collateral Agent may be removed as Euro Collateral Agent at any time by Requisite Obligees. In the event of such resignation
or removal of the Euro Collateral Agent, Requisite Obligees shall thereupon have the right to appoint a successor Euro Collateral Agent. If no successor Euro Collateral Agent shall have been so appointed by Requisite Obligees and shall have accepted
such appointment within 30 days after the notice of the intent of the Euro Collateral Agent to resign, then the retiring Euro Collateral Agent may, on behalf of the other Euro Secured Parties, appoint a successor Euro Collateral Agent. Any successor
Euro Collateral Agent appointed pursuant to this clause (f)(i) shall be a commercial bank organized under the laws of a member state of the European Union and having a combined capital and surplus of at least €500,000,000. 
  
 (ii) Upon the acceptance of any appointment as Euro Collateral Agent
hereunder by a successor Euro Collateral Agent, such successor Euro Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Euro Collateral Agent, and the retiring
or removed Euro Collateral Agent shall thereupon be discharged from its duties and obligations hereunder and under the Global Participation Agreement and the Euro Security Documents. After any retiring or removed Euro Collateral Agent’s
resignation or removal hereunder as Euro Collateral Agent, the provisions of this Section 9 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Euro Collateral
Agent. 
  

 -37- 

 (iii) In no event shall the Euro Collateral Agent or any Euro Secured Party be liable or responsible for
any funds or investments of funds held by any Euro Pledgor or any affiliates thereof. 
  
 (g) Each of the Euro Secured Parties understands and acknowledges that the Euro Collateral Agent and its Affiliates may also hold indebtedness of Crown Holdings or any of its subsidiaries, be an agent under any of the
Financing Documents and act in other financial advisory or underwriting capacities on behalf of Crown Holdings or any of its subsidiaries, and waives any actual or potential conflict of interest resulting therefrom. 
  

	Section 10.	Intercompany Debt. 

  
 (a) If an Event of Default has occurred and is continuing: 
  
 (i) No Euro Pledgor will, and each Euro Pledgor will procure that none of its subsidiaries will, make any payment or distribution of any
kind whatsoever in respect or on account of Intercompany Debt; and 
  
 (ii) no Euro Pledgor will, and each Euro Pledgor will procure that none of its subsidiaries will, create or permit to subsist, any lien over any asset of the Euro Borrower or any or its subsidiaries or give or permit
to subsist any guarantee in respect of any part of Intercompany Debt, 
  
 in each
case without the prior written consent of the Bank Agent. 
  
 (b)
Prior to the date that all Obligations are repaid in full, no Euro Pledgor may, and each Euro Pledgor will procure that none of its Subsidiaries may, take Enforcement Action in relation to Intercompany Debt without the prior written consent of the
Euro Collateral Agent. If, however, an Event of Default has occurred, no Euro Pledgor will, and each Euro Pledgor will procure that none of its Subsidiaries will, take such Enforcement Action in relation to the Intercompany Debt as it is directed by
the Bank Agent to take. 
  
 (c) If at any time prior to the date
that all Obligations are repaid in full: 
  
 (i)
any Intercompany Creditor receives or recovers a payment or distribution of any kind whatsoever in respect of or on account of any Intercompany Debt which is not permitted by paragraph (a); or 
  
 (ii) any Intercompany Creditor receives or recovers proceeds
pursuant to any Enforcement Action; 
  

 -38- 

 the recipient or beneficiary of such payment, distribution, set-off or combination will (and if the recipient or
beneficiary is not a party to this Agreement the relevant Euro Pledgor which is its parent company will procure that it will) promptly pay all amounts received and distributions received to the Euro Collateral Agent for application under Section
4 and, pending such payment or handover, will hold these amounts and distributions in trust for the Euro Collateral Agent. 
  
 (d) The Intercompany Creditors will not in any circumstances described in Section 10 be subrogated to the rights of the Secured Parties or any
Liens arising under the Euro Security Documents. 
  

	Section 11.	Miscellaneous. 

  
 (a) All notices and other communications provided for herein shall be in writing and may be personally served, telecopied, e-mailed or sent by United
States mail and shall be deemed to have been given when delivered in person, upon receipt of telecopy or e-mail or four Business Days after deposit in the mail, registered or certified, with postage prepaid and properly addressed. For the purposes
hereof, the addresses of the parties hereto (until notice of a change thereof is delivered as provided in this Section 11(a)) shall be as set forth under each party’s name on the signature pages (including acknowledgments) hereof.

  
 (b) This Agreement may be modified or waived only by an
instrument or instruments in writing signed by the Euro Collateral Agent with the written consent of Requisite Obligees, except that any modification or waiver (i) adversely affecting a Euro Secured Party’s rights under Section 3(f)(i)
or Section 4 hereof or (ii) that by its terms has a disproportionate (i.e., not ratable) adverse effect on any Secured Party (as opposed to all Secured Parties), in each case, shall require the written consent of the agent or
representative representing such Euro Secured Party; provided, however, that, notwithstanding the foregoing, the written consent of the Euro Secured Parties shall not be required with respect to amendments, modifications or waivers
necessary to permit the incurrence of additional indebtedness secured by the Euro Collateral and entitled to the benefits of the Euro Security Documents insofar as the foregoing is not prohibited by the Financing Documents benefiting such Euro
Secured Party, including for the purposes of providing any successor or replacement credit agreement or bank facility to the Credit Agreement and for the administrative agent of such successor or replacement credit agreement or bank facility
becoming a party to this Agreement as Bank Agent(s), and including without limitation any amendments, modifications or waivers for the purpose of adding appropriate references to additional parties in, and according such parties the benefits of, any
of the provisions hereof in connection with the incurrence of such indebtedness; provided, further, that any modification or waiver to this Agreement that directly and adversely affects Crown Euroco or any of its subsidiaries shall
require the written consent of Crown Euroco. 
  

 -39- 

 (c) This Agreement shall be binding upon and inure to the benefit of the Euro Collateral Agent, each Euro
Secured Party and their respective successors and assigns. 
  
 (d)
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Agreement by signing any such counterpart. 
  
 (e) This Agreement (as amended and restated as of the date hereof) shall
become effective as to the Bank Agent, the First Priority Notes Trustee, the Second Priority Notes Trustee, the Third Priority Notes Trustee and the Euro Collateral Agent upon the execution of this Agreement by each of the Bank Agent, the First
Priority Notes Trustee and the Euro Collateral Agent and the delivery of each such person’s counterparts to the Euro Collateral Agent. 
  
 (f) If any Euro Secured Party shall enforce its rights or remedies in violation of the terms of this Agreement, Crown Holdings and its subsidiaries agree
that they shall not raise such violation as a defense to the enforcement by any other Euro Secured Party under the Financing Documents. 
  
 (g) Each of the parties hereto authorizes the Euro Collateral Agent to execute and file on its behalf all such further documents and instruments, and
authorizes the Euro Collateral Agent to perform such other acts, as may be reasonably necessary or advisable to effectuate the purposes of this Agreement. 
  
 (h) If any provision of this Agreement shall be inconsistent with, or contrary to, any provisions in any Financing Document or any other instrument
delivered in connection with the transactions contemplated thereby, the applicable provision in this Agreement shall be controlling and shall supersede such inconsistent provision to the extent necessary to give full effect to all provisions
contained in this Agreement. Each Euro Secured Party acknowledges and agrees that the terms and provisions of this Agreement do not violate any term or provisions of its respective Financing Document. 
  
 (i) Each of the Euro Secured Parties (other than the Bank Agent and Lenders
with regard to the Credit Documents and any Bank Related Hedging Exchanger and any Bank Related Cash Management Exchanger) shall use its best efforts to notify the other of any amendment, modification or waiver to any of its Financing Documents, but
the failure to do so shall not create a cause of action against the party failing to give such notice or create any claim or right on behalf of any third party. Each of the Euro Secured Parties (other than the Bank Agent and Lenders with regard to
the Credit Documents and any Bank Related Hedging Exchanger and any Bank Related Cash Management Exchanger) shall, upon request of the other or others, provide copies of all such modifications, amendments and waivers and copies of all other
documentation relevant to the Euro Collateral. 
  

 -40- 

 (j) Each of the parties represents and warrants to all other parties hereto that the execution, delivery
and performance by or on behalf of such party to this Agreement has been duly authorized by all necessary action, corporate or otherwise, does not violate any provision of law, governmental regulation, or any agreement or instrument by which such
party is bound, and requires no governmental or other consent that has not been obtained and is not in full force and effect. 
  
 (k) Crown Euroco and the Euro Pledgors shall pay to the Euro Collateral Agent upon demand the amount of any and all reasonable expenses of the Euro
Secured Parties and the Euro Collateral Agent, including, without limitation, the reasonable fees and expenses of counsel for the Euro Secured Parties and the Euro Collateral Agent incurred from time to time in connection with the exercise or
enforcement of any of their respective rights, interests or remedies under and pursuant to the Euro Security Documents and this Agreement, and for the avoidance of doubt, in each case including such rights, interests and remedies under and pursuant
to this Agreement. All such amounts shall constitute part of the Obligations under such Euro Security Documents. 
  
 (l) The Euro Collateral Agent may demand specific performance of this Agreement. Each of the Euro Secured Parties hereby irrevocably waives any defense
based on the adequacy of a remedy at law and any other defense which might be asserted to bar the remedy of specific performance in any action which may be brought by the Euro Collateral Agent. 
  
 (m) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION ARISING OUT OF, UNDER OR IN CONNECTION WITH
THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 11(m). 
  
 (n) Anything contained in this Agreement to the contrary notwithstanding,
each Euro Secured Party shall no longer be a party from and after such time as all of the Obligations owing to such Euro Secured Party and secured by any of the Euro Security Documents, or the instruments representing the same shall have ceased to
be outstanding by virtue of the indefeasible payment in full in cash thereof or the cancellation thereof or delivery for cancellation thereof in accordance with their terms. 
  

 -41- 

 (o) Each party hereby irrevocably and unconditionally submits, for itself and its property, to the
nonexclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or
for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Agreement shall affect any right that a party may otherwise have to bring any action or proceeding relating to this Agreement in the courts of any jurisdiction. 
  
 (p) Each party hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or Federal court referred to in
Section 11(o). Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
  
 (q) Each party to this Agreement irrevocably consents to service of process
in the manner provided for notices in Section 11(a). Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
  

	Section 12.	Euro Agents as Joint Creditors. 

  
 Each of the Loan Parties, Bank Related Hedging Exchangers and Bank Related Cash Management Exchangers agrees that each of the Euro Agents (as defined in
the Credit Agreement) (and any agent or sub-agent of any such Euro Agent) shall be a joint creditor (together with the relevant Loan Party, Bank Related Hedging Exchanger or Bank Related Cash Management Exchanger, as the case may be) of each and
every obligation of the Loan Parties, Bank Related Hedging Obligation or Bank Related Cash Management Obligation, as the case may be, toward each of the Loan Parties, Bank Related Hedging Exchangers or Bank Related Cash Management Exchangers, under
or in connection with the Loan Documents, Bank Related Hedging Agreements or the Bank Related Cash Management Agreements, and that accordingly the Euro Agents (and any agent or sub-agent of any such Euro Agent) will have its own independent right to
demand performance by the Loan Parties of those obligations. However, any discharge of any such obligation to any such Euro Agent or the relevant Loan Party, Bank Related Hedging Exchanger or Bank Related Cash Management Exchanger shall, to the same
extent, discharge the corresponding obligation owing (or any agent or sub-agent of any such Euro Agent) to the other. 
  
 [Signature Pages Follow] 
  

 -42- 

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

			
	 WELLS FARGO BANK, N.A.,
 as First Priority Notes Trustee

		
	 By:
	 	 /s/ Jeffery Rose

	 Title: Corporate Trust Officer

	
	 Notice Address:

	
	 Wells Fargo Bank, N.A.

	 Corporate Trust Services

	 Sixth Street & Marquette Avenue

	 Minneapolis, MN 55479

	 Attn: Jeffery Rose

	 Telephone: (612) 667-0337

	 Facsimile: (612) 667-9825

  
 Crown European
Holdings S.A. 
 Euro Intercreditor Agreement 
 September 2004 

			
	 CITIBANK INTERNATIONAL PLC, as U.K. Agent

		
	 By:
	 	 /s/ Ian Hayton

	 Title: Assistant Vice President

	
	 Notice Address:

		
	 	 	 Citigroup Centre

	 	 	 Canada Square

	 	 	 Canary Wharf

	 	 	 London E14 5LB

	 	 	 Attention: Paul Gibbs

	 	 	 Facsimile: +44 207 500 4482

	
	 With a copy to:

		
	 	 	 Cahill Gordon & Reindel LLP

	 	 	 80 Pine Street

	 	 	 New York, NY 10005

	 	 	 Attention: Adam Dworkin, Esq.

	 	 	 Facsimile: (212) 269-5420

  
 Crown European
Holdings S.A. 
 Euro Intercreditor Agreement 
 September 2004 

			
	 CITICORP TRUSTEE COMPANY LIMITED,
 as Euro Collateral Agent

		
	 By:
	 	 /s/ David Mares

	 Title: Director

	
	 Notice Address:

		
	 	 	 Citigroup Centre

	 	 	 Canada Square

	 	 	 Canary Wharf

	 	 	 London E14 5LB

	 	 	 Attention: Paul Gibbs

	 	 	 Facsimile: +44 207 500 4482

	
	 With a copy to:

		
	 	 	 Cahill Gordon & Reindel LLP

	 	 	 80 Pine Street

	 	 	 New York, NY 10005

	 	 	 Attention: Adam Dworkin, Esq.

	 	 	 Facsimile: (212) 269-5420

			
	 CROWN EUROPEAN HOLDINGS SA

		
	 By:
	 	 /s/ Paul Browett

	 Title:
	 	 Attorney-in-fact

			
	 CROWN VERPAKKING BELGIË NV

		
	 By:
	 	 /S/    JOHN DAVIDSON

	 	 	Name:    John Davidson
	 	 	Title:      Attorney-In-Fact

			
	 889273 ONTARIO INC.

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary
	
	 CROWN RISDON CANADA INC.

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary
	
	 CROWN ZELLER PLASTIC CLOSURES CANADA INC

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary
	
	 CROWN CANADIAN HOLDINGS ULC

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary

			
	 CROWN METAL PACKAGING CANADA LP

	 by its general partner

	 CROWN METAL PACKAGING CANADA INC.

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary
	
	 CROWN METAL PACKAGING CANADA INC.

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary
	
	 3079939 NOVA SCOTIA COMPANY/

	 3079939 COMPAGNIE DE LA NOUVELLE ECOSSE

		
	 By:
	 	 /S/    ADRIAN COBBOLD

	 	 	Name:    Adrian Cobbold
	 	 	Title:      Secretary

			
	CROWN ZELLER FRANCE SAS
		
	By:	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact
	
	SOCIETE DE PARTICIPATIONS CARNAUDMETALBOX SAS
		
	By:	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact
	
	CROWN ASTRA SAS
		
	By:	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact
	
	CROWN POLYFLEX SAS
		
	By:	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact
	
	CROWN BEVCAN FRANCE SAS
		
	By:	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact

  

			
	 CROWN EMBALLAGE FRANCE SAS

		
	 By:
	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact
	
	 CROWN DEVELOPPEMENT SAS

		
	 By:
	 	 /S/    PAUL BROWETT

	 	 	Name:    Paul Browett
	 	 	Title:      Attorney-In-Fact

			
	 CROWN VERPACKUNGEN DEUTSCHLAND GMBH

		
	 By:
	 	 /S/    REGINE PLATZ

	 	 	Name:    Regine Platz
	 	 	Title:
	
	 CROWN BENDER GMBH

		
	 By:
	 	 /S/    REGINE PLATZ

	 	 	Name:    Regine Platz
	 	 	Title:
	
	 CROWN SPECIALITY PACKAGING

	     DEUTSCHLAND GMBH

	 	 	 
		
	 By:
	 	 /S/    REGINE PLATZ

	 	 	Name:    Regine Platz
	 	 	Title:
	
	 CROWN VERSCHLÜSSE DEUTSCHLAND

	 GMBH
	 	 
		
	 By:
	 	 /S/    REGINE PLATZ

	 	 	Name:    Regine Platz
	 	 	 Title:

  

			
	 CROWN NAHRUNGSMITTELDOSEN GMBH

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	Title:	 	 
	  
 CROWN NAHRUNGSMITTELDOSEN

     DEUTSCHLAND GMBH

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	 Title:
	 	 
	  
 CROWN ZELLER
DEUTSCHLAND GMBH

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	 Title:
	 	 
	  
 CROWN RAKU
GMBH

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	 Title:
	 	 
	  
 CROWN ZELLER
ENGINEERING GMBH

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	 Title:
	 	 

			
	 CROWN CORK & SEAL DEUTSCHLAND
     HOLDINGS GMBH (formerly Wehrstedt GmbH)

		
	By:	 	/s/    REGINE PLATZ
	Name:	 	Regine Platz
	 Title:
	 	 
	 	 	 

			
	 CROWN ENVASES MEXICO, S.A. DE C.V.

		
	 By:
	 	/S/    LUIS ALONSO RUIZ SHELLEY
	 	 	

	 	 	Name:    Luis Alonso Ruiz Shelley
	 	 	Title:      Attorney in Fact
	
	 CROWN MEXICAN HOLDINGS, S. DE R.L. DE C.V.

		
	 By:
	 	/S/    LUIS ALONSO RUIZ SHELLEY
	 	 	

	 	 	 Name:    Luis Alonso Ruiz Shelley

	 	 	 Title:      Attorney in Fact

	
	 CROWN ZELLER MEXICO, S.A. DE C.V.

		
	 By:
	 	/S/    GERARDO ORTA GUTIERREZ
	 	 	

	 	 	 Name:    Gerardo Orta Gutierrez

	 	 	 Title:      Attorney in Fact

			
	CROWN OBRIST AG (SWITZERLAND)
		
	 By:
	 	/S/ JOHN DAVIDSON
	 	 	

	 	 	Name:    John Davidson
	 	 	 Title:      Attorney-In-Fact

	
	  
 CROWN VOGEL
AG

		
	 By:
	 	/S/ JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact

			
	 CROWN UK HOLDINGS LIMITED

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	Name:    John Davidson
	 	 	Title:      Attorney-In-Fact
	
	  
 CARNAUDMETALBOX
OVERSEAS LIMITED

	 	 	 
		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN CORK &
SEAL FINANCE PLC

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN PACKAGING UK
PLC

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN UCP
PLC

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact

  

			
	 CARNAUDMETALBOX ENGINEERING PLC

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	Name:    John Davidson
	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN MASSMOULD
LTD

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN SPECIALITY
PACKAGING UK PLC

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CARNAUDMETALBOX
GROUP UK LIMITED

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact
	
	  
 CROWN AEROSOLS UK
LIMITED

		
	 By:
	 	/S/    JOHN DAVIDSON
	 	 	

	 	 	 Name:    John Davidson

	 	 	Title:      Attorney-In-Fact

  

 Schedule 1 
  

Euro Pledgors 
  
 United Kingdom 
  
 Crown UK Holdings Limited 
 CarnaudMetalbox Overseas Limited 
 CROWN Aerosols UK Limited 
 Crown Cork and Seal Finance PLC 
 CROWN UCP plc 
 CarnaudMetalbox Engineering PLC 
 CROWN Massmould Ltd. 
 CROWN Speciality Packaging UK plc 
 CarnaudMetalbox Group UK Limited 
 CROWN Packaging UK plc 
  
 Germany 
  
 CROWN Zeller Deutschland GmbH 
 CROWN Bender GmbH 
 CROWN Verschlüsse Deutschland GmbH 
 CROWN Nahrungsmitteldosen
Deutschland GmbH 
 CROWN Nahrungsmitteldosen GmbH 
 CROWN Raku
GmbH 
 CROWN Zeller Engineering GmbH 
 CROWN Speciality Packaging
Deutschland GmbH 
 Crown Cork & Seal Deutschland Holdings GmbH 
 CROWN Verpackungen Deutschland GmbH 
  
 Belgium 
  
 Crown Verpakking België NV 
  
 Canada 
  
 CROWN Canadian Holdings ULC 
 CROWN Metal
Packaging Canada LP 
 CROWN Metal Packaging Canada Inc. 
 3079939
Nova Scotia Company/3079939 Compagnie de la Nouvelle Ecosse 
 889273 Ontario Inc. 
 CROWN Zeller Plastic Closures Canada Inc. 
 CROWN Risdon Canada Inc. 

 Mexico 
  
 CROWN Envases México, S.A. de C.V. 
 Crown Zeller México, S.A.
de C.V. 
 Crown Mexican Holdings, S. de R.L. de C.V. 
  
 Switzerland 
  
 Crown Obrist AG 
 CROWN Vogel AG 
  
 France 
  
 CROWN Zeller France SAS 
 Societe de Participations CarnaudMetalbox SAS 
 CROWN Astra SAS 
 CROWN Polyflex SAS 
 CROWN Emballage France SAS 
 CROWN Bevcan France SAS 
 Crown Développement SAS 
  

 -2- 

 Annex 1 
  
 The undersigned, by its execution of this Agreement on
[                    ] in the space provided below, HEREBY ACKNOWLEDGES AND AGREES to be bound, as a Bank Related Hedging Exchanger, by the foregoing
provisions of this Agreement, as of [            ] as if it were an original party hereto. In addition, a copy of the applicable Hedging Agreement dated as of
[            ] is attached to this signature page. 
  

			
	 [BANK RELATED HEDGING
 EXCHANGER]

		
	 By:
	 	  

	 Title:
	 	 
	
	 Notice Address:

 Annex 2 
  
 The undersigned, by its execution of this Agreement on
[                    ] in the space provided below, HEREBY ACKNOWLEDGES AND AGREES to be bound, as a Bank Related Cash Management Exchanger, by the
foregoing provisions of this Agreement, as of [            ] as if it were an original party hereto. In addition, a copy of the applicable Bank Related Cash Management Agreement dated as of
[            ] is attached to this signature page. 
  

			
	 [BANK RELATED CASH
 MANAGEMENT EXCHANGER]

		
	 By:
	 	  

	 Title:
	 	 
	
	 Notice Address:

 Annex 3 
  
 The undersigned, by its execution of this Agreement on
[                    ] in the space provided below, HEREBY ACKNOWLEDGES AND AGREES to be bound, as an Additional First Priority Capital Markets
Indebtedness Representative, by the foregoing provisions of this Agreement, as of [            ] as if it were an original party hereto. In addition, a copy of the applicable Additional
First Priority Capital Markets Indebtedness Documents dated as of [            ] is attached to this signature page. 
  

			
	 [ADDITIONAL FIRST PRIORITY
 CAPITAL MARKETS INDEBTEDNESS
 REPRESENTATIVE]

		
	 By:
	 	  

	 Title:
	 	 
	
	 Notice Address:

 Annex 4 
  
 The undersigned, by its execution of this Agreement on
[                    ] in the space provided below, HEREBY ACKNOWLEDGES AND AGREES to be bound, as an Additional Second Priority Indebtedness
Representative, by the foregoing provisions of this Agreement as of [            ] as if it were an original party hereto. In addition, an executed copy of the Additional Second Priority
Indebtedness Documents dated as of [            ] is attached to this signature page. 
  

			
	 [ADDITIONAL SECOND PRIORITY INDEBTEDNESS REPRESENTATIVE]

		
	 By:
	 	  

	 Title:
	 	 
	
	 Notice Address:

 Annex 5 
  
 The undersigned, by its execution of this Agreement on
[                    ] in the space provided below, HEREBY ACKNOWLEDGES AND AGREES to be bound, as an Additional Third Priority Indebtedness
Representative, by the foregoing provisions of this Agreement as of [            ] as if it were an original party hereto. In addition, an executed copy of the Additional Third Priority
Indebtedness Documents dated as of [            ] is attached to this signature page. 
  

			
	 [ADDITIONAL THIRD PRIORITY INDEBTEDNESS REPRESENTATIVE]

		
	 By:
	 	  

	 Title:
	 	 
	
	 Notice Address:1st Amendment to 2nd Amended & Restated Receivables Purchase Agreement

 Exhibit 10.a 
  
 FIRST AMENDMENT 
  
 TO 
  
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT 
  
 This FIRST AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of September 1, 2004 (this “First
Amendment”) among CROWN CORK & SEAL RECEIVABLES (DE) CORPORATION, a Delaware corporation (the “Seller”), CROWN CORK & SEAL USA, INC., a Delaware corporation formerly known as Crown Cork & Seal Company
(USA), Inc. (“Crown USA”), the banks and other financial institutions listed on the signature pages hereof as the Initial Purchasers (the “Purchasers”) and CITIBANK, N.A., a national banking
association, as administrative agent (the “Agent”) for the Purchasers and the other Owners. 
  
 PRELIMINARY STATEMENTS: 
  
 (1) The Seller, Crown USA, the Purchasers and the Agent have entered into the Second Amended and Restated Receivables Purchase Agreement dated as of December 5, 2003 (the “Receivables Purchase
Agreement”). Capitalized terms defined in the Receivables Purchase Agreement and not otherwise defined in this First Amendment are used in this First Amendment as defined in the Receivables Purchase Agreement. 
  
 (2) The Seller and Crown USA have requested the Purchasers and the Agent to
agree to amend the Receivables Purchase Agreement to reflect that the Parent and certain subsidiaries have entered into a new Credit Agreement, dated as of the date hereof (as further described in the amended definition of “Existing Credit
Facilities” in Section 1(c) below, the “Credit Agreement”), and as a consequence the Parent Undertaking Parties, the Seller, Crown USA and the Originators have entered into a Second Amended and Restated Intercreditor
Agreement, dated as of the date hereof. The Seller, Crown USA, the Required Purchasers and the Agent have agreed to so amend the Receivables Purchase Agreement. 
  

NOW, THEREFORE, in consideration of the premises, the parties hereto agree as follows: 
  
 SECTION 1. Amendments to Receivables Purchase Agreement. Effective as of the First Amendment Effective Date (as
defined in Section 3 below), the Receivables Purchase Agreement is hereby amended as follows: 
  
 (a) by amending the definition of “Change of Control” in Section 1.01 thereof by replacing the existing definition with the following:

  
 “‘Change of
Control’ means (a) the acquisition of ownership, directly or indirectly (including, without limitation, through the issuance, sale or exchange of Equity Interests, a merger or consolidation or otherwise), beneficially or of record, by
any Person or group (within the meaning of the Securities Exchange Act of 1934, as amended, and the rules of the Securities and Exchange Commission thereunder as in effect on the First Amendment Effective Date) of 

 Equity Interests representing more than 35% of the aggregate ordinary voting power represented by the
issued and outstanding Equity Interests of the Parent, (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Parent by Persons who were neither (i) nominated by the board of directors of the Parent nor
(ii) appointed by directors so nominated, (c) the Parent shall cease to own, directly or indirectly, beneficially or of record 100% of the Equity Interests (other than directors’ qualifying shares) in the other Parent Undertaking Parties, Crown
(USA) or any other Originator unless, in the case of such other Originator, such Originator is, upon at least five Business Days’ prior written notice to the Agent, sold by the Parent and thereupon ceases to be an Originator hereunder without
causing an Event of Termination or a Potential Event of Termination to occur (other than a Change of Control which would arise solely under this clause (c) as a result of the sale of such Originator), or (d) the occurrence of a “Change
in Control” as defined under the Existing Credit Facilities as in effect on the First Amendment Effective Date.” 
  
 (b) by amending the definition of “Commitment Termination Date” in Section 1.01 thereof by replacing the existing definition with the
following: 
  
 “‘Commitment
Termination Date’ means the earliest of (i) the third anniversary of the Effective Date, (ii) fifteen (15) days prior to the “Revolving Credit Maturity Date” under (and as defined in) the Existing Credit Facilities, or any
extension, refinancing or replacement thereof consummated on terms and conditions reasonably satisfactory to the Agent, (iii) September 15, 2006 if, by such date, the 7% Senior Notes due December 2006 of Crown Cork & Seal Finance plc are not
repaid or refinanced in full in a manner permitted by the Existing Credit Facilities or any extension, refinancing or replacement thereof consummated on terms and conditions reasonably satisfactory to the Agent, and (iv) the date of termination in
whole of the aggregate Commitments pursuant to Section 2.03 or 7.01.” 
  
 (c) by amending the definition of “Existing Credit Facilities” in Section 1.01 thereof by replacing the existing definition with the following: 
  
 “ ‘Existing Credit Facilities’
means the facilities made available under (i) the Credit Agreement dated as of September 1, 2004 among Crown Americas, Inc. (f/k/a Crown Cork & Seal Americas, Inc.), Crown European Holdings S.A., the Parent and each other Parent
Undertaking Party, certain other subsidiaries of the Parent party thereto, Citicorp North America, Inc., as administrative agent, Citibank International plc, as U.K. administrative agent and the banks and other financial institutions from time to
time party thereto and (ii) any “Joinder Agreement” (as defined in the Credit Agreement referred to in clause (i) above) which becomes effective after the First Amendment Effective Date.” 
  

 2 

 (d) by adding the following definition of “First Amendment Effective Date” to Section
1.01 in proper alphabetical order: 
  
 “‘First Amendment Effective Date’ means the “First Amendment Effective Date” as defined in the First Amendment to Second Amended and Restated Receivables Purchase Agreement, dated as of September 1,
2004, among the Seller, Crown (USA), the Required Purchasers and the Agent. 
  
 (e) by amending the definition of “Intercreditor Agreement” in Section 1.01 thereof by replacing the existing definition with the following: 
  
 “ ‘Intercreditor Agreement’
means, collectively, (i) the Second Amended and Restated Intercreditor Agreement, dated as of September 1, 2004, in substantially the form of Exhibit K hereto, among the Agent, the Parent Undertaking Parties, the Seller, each US Originator
and Citicorp North America, Inc., as administrative and U.S. collateral agent under the Existing Credit Facilities, and (ii) and any other intercreditor agreement (or supplement to the intercreditor agreement referred to in clause (i) above)
requested by the Agent with respect to the Canadian Originator and/or the UK Originators, in each case as the same may from time to time be amended, supplemented or otherwise modified in accordance with the terms thereof and the second
proviso to the first sentence of Section 11.01.” 
  
 (f) by amending Section 2.07(d) thereof by deleting the reference to “(the Existing Credit Facilities as in effect on the date hereof)” therein and substituting “(the Existing Credit Facilities as in effect on the First
Amendment Effective Date)” in lieu thereof. 
  
 (g) by
amending Section 3.02(c) thereof by inserting a reference to “the First Lien Notes Indenture,” immediately following the first reference to “the Existing Credit Facilities,” therein. 
  
 (h) by amending Section 11.02(b) thereof by deleting the reference therein to
“hein.nugent@citigroup.com” and substituting “hien.nugent@citigroup.com” in lieu thereof. 
  
 (i) by amending Exhibit I thereto by replacing the existing copy of the Second Amended and Restated Parent Undertaking Agreement with a copy of the Third
Amended and Restated Parent Undertaking Agreement attached as Exhibit A hereto. 
  
 (j) by amending Exhibit K thereto by replacing the existing copy of the Amended and Restated Intercreditor Agreement with a copy of the Second Amended and Restated Intercreditor Agreement attached as Exhibit B hereto.

  
 SECTION 2. Representations and Warranties. The Seller
hereby represents and warrants to each Purchaser and the Agent that (a) the representations and warranties contained in Section 4.01 of the Receivables Purchase Agreement, in Section 3.01 of the Receivables Contribution and Sale Agreement, and in
Section 5 of the Parent Undertaking are correct in all material respects on and as of the First Amendment Effective Date as though made on and as of such date, other than any such representations and warranties that, by their terms, refer to a
specific date other than the First Amendment Effective Date, in which case as of such dates and (b) no event has occurred and is continuing which constitutes an Event of Termination or a Potential Event of Termination. 
  

 3 

 SECTION 3. Condition of Effectiveness; Consent to Transaction Document Amendments. This First
Amendment shall become effective as of the date first above written (the “First Amendment Effective Date”) upon the satisfaction of each of the following conditions: 
  
 (a) the Agent shall have received counterpart signature pages of each of the following documents (and each of the Purchasers
party to this First Amendment hereby consents to the forms of the documents described in clauses (ii), (iii) and (iv) below and authorizes the Agent to execute or acknowledge such documents): 
  
 (i) this First Amendment duly executed by the Seller, Crown
USA and the Required Purchasers; 
  
 (ii) the
Third Amended and Restated Parent Undertaking, in the form attached as Exhibit A hereto, duly executed by each of the Parent Undertaking Parties; 
  
 (iii) the Second Amended and Restated Intercreditor Agreement, in the form attached as Exhibit B hereto, duly executed by each of the
Parent Undertaking Parties, the Seller, each US Originator and Citicorp North America, Inc., in its capacity as administrative agent and U.S. collateral agent under the Existing Credit Facilities; 
  
 (iv) the First Amendment to Second Amended and Restated
Receivables Contribution and Sale Agreement, in the form attached as Exhibit C hereto, duly executed by each of the Originators and the Seller; and 
  
 (v) such other agreements as the Agent may reasonably request; 
  
 (b) the Agent shall have received certified copies of each of the following documents: 
  
 (i) the Credit Agreement; 
  
 (ii) the First Lien Notes Indenture (as defined in the
Credit Agreement); 
  
 (iii) the U.S.
Intercreditor Agreement (as defined in the Credit Agreement); 
  
 (iv) the Euro Intercreditor Agreement (as defined in the Credit Agreement); and 
  
 (v) To the extent not previously delivered, each of the security agreements, pledge agreements and debentures (or amendments thereto)
purporting to create security interests over accounts receivable of the Originators listed on Schedule VII to the Receivables Sale Agreement (as amended pursuant to the First Amendment thereto described in Section 3(a)(iv) above); 

 

 4 

 (c) each of the Credit Agreement and the First Lien Notes Indenture shall have become effective in
accordance with their respective terms, and all loans outstanding under, and all other amounts due in respect of, the Credit Agreement, dated as of February 26, 2003, among Crown Americas, Inc. (f/k/a Crown Cork & Seal Americas, Inc.), Crown
European Holdings S.A., each Parent Undertaking Party, certain subsidiaries of the Parent party thereto, the other financial institutions from time to time party thereto, and Citicorp North America, Inc., as administrative agent, and Citibank
International plc, as U.K. administrative agent, shall have been repaid in full (or satisfactory arrangements made for such repayment) and the commitments thereunder shall have been permanently terminated; 
  
 (d) the Agent shall have received signed copies of the following legal
opinions: 
  
 (i) Opinion of William T.
Gallagher, Vice President, Secretary and General Counsel of the Parent, counsel to the Seller, each US Originator and the Parent Undertaking Parties, as to US corporate matters; 
  
 (ii) Opinion of Dechert LLP, U.S. legal counsel to the Seller, each US Originator, the Canadian Originator
and the Parent Undertaking Parties as to enforceability and non-contravention matters; and 
  
 (iii) Opinion of Miller Thomson LLP, Ontario counsel to the Canadian Originator, as to Ontario limited partnership and third-party
Canadian security document matters; 
  
 (e) the pro forma
consolidated balance sheet of the Parent and projections, if any, delivered as conditions precedent to the effectiveness of the Credit Agreement; 
  
 (f) the Seller shall have reimbursed the Agent for the reasonable fees, costs and expenses incurred by or owing to it in connection with this First
Amendment, and all other outstanding fees and expenses incurred prior to the First Amendment Effective Date, in each case which are payable under Section 11.04 of the Receivables Purchase Agreement, including, without limitation, the reasonable fees
and expenses of Sidley Austin Brown & Wood LLP and Blake, Cassels & Graydon LLP; and 
  
 (g) the Agent shall have received an Officer’s Closing Certificate of the Parent concerning solvency and the satisfaction of the conditions precedent to the occurrence of the First Amendment Effective Date.

  
 SECTION 4. Reference to and Effect on the Transaction
Documents. 
  
 (a) On and after the date hereof, each
reference in the Receivables Purchase Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Receivables Purchase Agreement, and each reference in any of the other Transaction
Documents to the Receivables Purchase Agreement, “thereunder”, “thereof” or words of like import referring to the Receivables Purchase Agreement shall mean and be a reference to the Receivables Purchase Agreement as amended by
this First Amendment. 
  

 5 

 (b) Except to the extent specifically amended hereby or pursuant to agreements delivered in connection
with Sections 2(b), 2(c) and 2(d) above, all of the terms of the Receivables Purchase Agreement and the other Transaction Documents shall remain unchanged and in full force and effect and are hereby ratified and confirmed in all
respects. 
  
 (c) The execution, delivery and effectiveness of
this First Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Agent or any Purchaser or other Owner under the Receivables Purchase Agreement or any other Transaction Document or
constitute a waiver of, or a consent to departure from, any of the terms and conditions of the Receivables Purchase Agreement or any other Transaction Document, nor obligate any Purchaser or the Agent to agree to similar amendments in the future.

  
 SECTION 5. Execution in Counterparts. This First
Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same
agreement. Delivery of an executed counterpart of a signature page to this First Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this First Amendment. 
  
 SECTION 6. Governing Law. THIS FIRST AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAWS BUT OTHERWISE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). 
  
 SECTION 7. Miscellaneous. This First Amendment is a Transaction Document. The headings herein are for convenience of
reference only and shall not alter or otherwise affect the meaning hereof. 
  

 6 

 IN WITNESS WHEREOF, the parties have caused this First Amendment to be executed by their respective
officers thereunto duly authorized, as of the date above written. 
  

			
	 CROWN CORK & SEAL RECEIVABLES (DE)
 CORPORATION

		
	 By:
	 	 /S/    MICHAEL B. BURNS

	 Name:
	 	 Michael B. Burns

	 Title:
	 	 Vice President and Treasurer

	
	 CROWN CORK & SEAL USA, INC. (formerly
 known as Crown Cork & Seal Company (USA), Inc.)

		
	 By:
	 	 /S/    MICHAEL B. BURNS

	 Name:
	 	 Michael B. Burns

	 Title:
	 	 Assistant Treasurer

  

 7 

 AGENT 
  

			
	 CITIBANK, N.A., as Agent

		
	 By:
	 	 /S/    MILES D.MCMANUS

	 	 	 Miles D. McManus

	 	 	 Vice President and Director

  

 8 

 PURCHASERS 
  

			
	 AMSOUTH BANK.

		
	 By:
	 	 /S/    KEVIN R. ROGERS

	 Name:
	 	 Kevin R. Rogers

	 Title:
	 	 Attorney-in-Fact

  

 9 

			
	CITIBANK, N.A.
		
	 By:
	 	 /S/    MILES D. MCMANUS

	 	 	 Miles D. McManus

	 	 	 Vice President and Director

  

 10 

			
	 THE CIT GROUP/COMMERCIAL SERVICES,
 INC.

		
	 By:
	 	 /S/    ANTHONY MONTEMARANO

	 Name:
	 	 Anthony Montemarano

	 Title:
	 	 Vice President

  

 11 

			
	 GMAC COMMERCIAL FINANCE LLC

		
	 By:
	 	 /S/    CHRISTOPHER M. GAUCH

	 Name:
	 	 Christopher M. Gauch

	 Title:
	 	 Vice President

  

 12 

			
	 GENERAL ELECTRIC CAPITAL CORPORATION

		
	 By:
	 	 /S/    JEROME MCDERMOTT

	 Name:
	 	 Jerome McDermott

	 Title:
	 	 Duly Authorized Signatory

  

 13 

			
	 MUIRFIELD TRADING LLC

		
	 By:
	 	 /S/    MEREDITH J. KOSLICK

	 Name:
	 	Meredith J. Koslick
	 Title:
	 	Assistant Vice President

  

 14 

			
	 NATIONAL CITY BUSINESS CREDIT, INC.
 (f/k/a
NATIONAL CITY COMMERCIAL FINANCE, INC.)

		
	 By:
	 	 /s/    William E. Welsh, Jr.

	 Name:
	 	 William E. Welsh, Jr.

	 Title:
	 	 Senior Associate

  

 15 

			
	 RZB FINANCE LLC

		
	 By:
	 	 /S/    JOHN A. VALISKA

	 Name:
	 	 John A. Valiska

	 Title:
	 	 Group Vice President

  

			
		
	 By:
	 	 /S/    CHRISTOPH HOEDL

	 Name:
	 	 Christoph Hoedl

	 Title:
	 	 Vice President

  

 16 

			
	 SIEMENS FINANCIAL SERVICES, INC.

		
	 By:
	 	 /S/    FRANK AMODIO

	 Name:
	 	 Frank Amodio

	 Title:
	 	 Vice President - Credit

  

 17 

			
	 WELLS FARGO FOOTHILL, INC.

		
	 By:
	 	 /S/    JUAN BARRERA

	 Name:
	 	 Juan Barrera

	 Title:
	 	 Vice President

  

 18 

			
	 WEBSTER BUSINESS CREDIT CORPORATION
 (f/k/a
WHITEHALL BUSINESS CREDIT CORPORATION)

		
	 By:
	 	 /S/    ALAN F. MCKAY

	 Name:
	 	 Alan F. McKay

	 Title:
	 	 Vice President

  

 19 

 EXHIBIT A 
 TO 
 FIRST AMENDMENT 
 TO 
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AND 
 SERVICING AGREEMENT 
  
 FORM OF THIRD AMENDED AND RESTATED PARENT UNDERTAKING AGREEMENT 
  
 ATTACHED. 

 EXHIBIT B 
 TO 
 FIRST AMENDMENT 
 TO 
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AND 
 SERVICING AGREEMENT 
  
 FORM OF SECOND AMENDED AND RESTATED INTERCREDITOR AGREEMENT 
  

ATTACHED. 

 EXHIBIT C 
 TO 
 FIRST AMENDMENT 
 TO 
 SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AND 
 SERVICING AGREEMENT 
  
 FORM OF FIRST AMENDMENT TO SECOND AMENDED AND RESTATED RECEIVABLES CONTRIBUTION AND SALE AGREEMENT 
  
 ATTACHED.

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