Document:

Exhibit 10.22

 

EXECUTION VERSION

 

JOINDER AGREEMENT

 

JOINDER AGREEMENT dated as of June 11, 2019 (this “Agreement”), among AMCOR LIMITED (ACN 000 017 372), AMCOR FINANCE (USA), INC.,  AMCOR PLC (F/K/A ARCTIC JERSEY LIMITED) and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

 

Reference is hereby made to the Term Syndicated Facility Agreement dated as of April 30, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Facility Agreement”), among Amcor Limited (ACN 000 017 372), an Australian public company limited by shares with a registered office at Level 11, 60 City Road, Southbank, Victoria 3006, Australia (“Amcor”), Amcor Finance (USA), Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”).  Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Facility Agreement.

 

In accordance with clause (i) of Section 4.02(a) of the Facility Agreement, the Availability Date shall not occur unless New Amcor becomes a party to the Facility Agreement.  Accordingly, upon execution of this Agreement by Amcor, the Borrower, New Amcor and the Administrative Agent, New Amcor shall be a party to the Facility Agreement, all references to “Parent” therein shall refer to New Amcor and New Amcor hereby agrees to be bound by all provisions of the Facility Agreement and the other Loan Documents applicable to it as Parent.

 

New Amcor represents and warrants that (a) the execution, delivery and performance by New Amcor of this Agreement are within New Amcor’s organizational powers and have been duly authorized by all necessary corporate or other organizational action and, if required, stockholder or other equityholder action of New Amcor and that this Agreement has been duly executed and delivered by New Amcor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (b) the representations and warranties applicable to New Amcor as Parent set forth in the Facility Agreement are true and correct.

 

New Amcor expressly acknowledges and agrees to the appointment of the Borrower as the Authorized Agent as set forth in Section 9.09(e) of the Facility Agreement, and the Borrower hereby accepts such designation.

 

Except as expressly supplemented hereby, the Facility Agreement shall remain in full force and effect.

 

The provisions of Sections 9.09 and 9.10 of the Facility Agreement shall apply mutatis mutandis to this Agreement.

 

 

This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract.  This Agreement shall become effective when it shall have been executed by the Administrative Agent and the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors and assigns, except that none of New Amcor, Amcor or the Borrower shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Agreement and the Facility Agreement.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile, electronic mail (in .pdf or .tif format) or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Agreement.

 

[Signature Pages Follow]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their authorized officers as of the date first appearing above.

 

 

	
 
    	
AMCOR LIMITED
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
by
    
	
 
    	
 
    	
/s/ Michael Casamento
    
	
 
    	
 
    	
Name:
    	
Michael Casamento
    
	
 
    	
 
    	
Title:
    	
Executive Vice President, Finance and Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
AMCOR FINANCE (USA), INC.
    
	
 
    	
 
    
	
 
    	
by
    
	
 
    	
 
    	
/s/ Robert Mermelstein
    
	
 
    	
 
    	
Name: Robert Mermelstein
    
	
 
    	
 
    	
Title:     Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
AMCOR PLC
    
	
 
    	
 
    
	
 
    	
 
    	
/s/ Michael Casamento
    
	
 
    	
 
    	
Name:
    	
Michael Casamento
    
	
 
    	
 
    	
Title:
    	
Executive Vice President, Finance and Chief   Financial Officer
    

 

[Signature Page to Joinder Agreement]

 

 

	
 
    	
JPMORGAN CHASE BANK, N.A., as the Administrative   Agent
    
	
 
    	
 
    
	
 
    	
by
    
	
 
    	
 
    	
/s/ Tasvir Hasan
    
	
 
    	
 
    	
Name: Tasvir Hasan
    
	
 
    	
 
    	
Title: Executive Director
    

 

[Signature Page to Joinder Agreement]Exhibit 10.23

 

EXECUTION VERSION

 

SUPPLEMENT NO. 1 dated as of June 11, 2019 to the Guarantee Agreement dated as of April 30, 2019 (the “Guarantee Agreement”), among AMCOR LIMITED (ACN 000 017 372), AMCOR FINANCE (USA), INC., AMCOR UK FINANCE PLC, the other GUARANTORS from time to time party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

 

A.                                    Reference is made to the Three-Year Syndicated Facility Agreement dated as of April 30, 2019 (the “Facility Agreement”), among Amcor Limited (ACN 000 017 372), an Australian public company limited by shares with a registered office at Level 11, 60 City Road, Southbank, Victoria 3006, Australia (“Amcor”), Amcor Finance (USA), Inc., a Delaware corporation (“Amcor US”), Amcor UK Finance plc, a company incorporated under the laws of England and Wales with company registration number 04160806 and its registered office at Amcor Central Services Bristol, 83 Tower Road North, Warmley, Bristol, BS30 8XP, United Kingdom (“Amcor UK” and, together with Amcor, Amcor US and, on and after the Availability Date, Bemis, the “Borrowers”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Foreign Administrative Agent.

 

B.  Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Facility Agreement and the Guarantee Agreement, as applicable.

 

C.  The Guarantors have entered into the Guarantee Agreement in order to induce the Lenders to extend credit to the Borrowers.  Clause (ii) of Section 4.02(a) of the Facility Agreement provides that the Availability Date shall not occur unless New Amcor and Bemis, and Section 5.12 of the Guarantee Agreement provides that additional Subsidiaries may, become Guarantors under the Guarantee Agreement by execution and delivery of an instrument in the form of this Supplement.  Each of New Amcor and Bemis (each, a “New Guarantor”) is executing this Supplement to become a Guarantor under the Guarantee Agreement in order to induce the Lenders to make additional extensions of credit under the Facility Agreement and as consideration for the maintenance of extensions of credit previously made.

 

Accordingly, the Administrative Agent and each New Guarantor agree as follows:

 

SECTION 1.  In accordance with Section 5.12 of the Guarantee Agreement, each New Guarantor by its signature below becomes a Subsidiary Guarantor (other than in the case of New Amcor) and a Guarantor under the Guarantee Agreement with the same force and effect as if originally named therein as a Subsidiary Guarantor (other than in the case of New Amcor) and a Guarantor, and each New Guarantor hereby agrees to all the terms and provisions of the Guarantee Agreement applicable to it as a Subsidiary Guarantor (other than in the case of New Amcor) and a Guarantor thereunder.

 

 

Each reference to a “Subsidiary Guarantor” (other than in the case of New Amcor) or a “Guarantor” in the Guarantee Agreement shall be deemed to include each New Guarantor.  The Guarantee Agreement is hereby incorporated herein by reference.

 

SECTION 2.  Each New Guarantor represents and warrants to the Administrative Agent and the Lenders that (a) the execution, delivery and performance by such New Guarantor of this Supplement have been duly authorized by all necessary corporate or organizational action and, if required, stockholder or other equityholder of such New Guarantor, and that this Supplement has been duly executed and delivered by such New Guarantor and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, and (b) all representations and warranties set forth in the Facility Agreement as to such New Guarantor are true and correct.

 

SECTION 3.  This Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract.  This Supplement shall become effective as to each New Guarantor when it shall have been executed by the Administrative Agent and the Administrative Agent shall have received a counterpart hereof that bears the signature of such New Guarantor, and thereafter shall be binding upon such New Guarantor and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such New Guarantor, the Administrative Agent and the other Guaranteed Parties and their respective permitted successors and assigns, except that no New Guarantor shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly provided in this Supplement, the Guarantee Agreement and the Facility Agreement.  Delivery of an executed counterpart of a signature page of this Supplement by facsimile, electronic mail (in .pdf or .tif format) or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Supplement.

 

SECTION 4.  Except as expressly supplemented hereby, the Guarantee Agreement shall remain in full force and effect.

 

SECTION 5.  THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

 

SECTION 6.  Any provision of this Supplement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

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SECTION 7.  All communications and notices hereunder shall be in writing and given as provided in Section 5.01 of the Guarantee Agreement.

 

SECTION 8.  Amcor plc is a public limited company duly incorporated under the laws of the Bailiwick of Jersey.  Bemis Company, Inc. is a corporation duly incorporated under the laws of the State of Missouri.

 

[Signature pages follow]

 

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IN WITNESS WHEREOF, each New Guarantor and the Administrative Agent have duly executed this Supplement to the Guarantee Agreement as of the day and year first above written.

 

 

	
 
    	
AMCOR   PLC,
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
/s/   Michael Casamento
    
	
 
    	
 
    	
Name:   Michael Casamento
    
	
 
    	
 
    	
Title:     Executive Vice President, Finance and Chief Financial Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
BEMIS   COMPANY, INC.,
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
/s/   Ian Gibson Wilson
    
	
 
    	
 
    	
Name:   Ian Gibson Wilson
    
	
 
    	
 
    	
Title:   President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
JPMORGAN   CHASE BANK, N.A., as Administrative Agent,
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
 
    
	
 
    	
 
    	
/s/   Tasvir Hasan
    
	
 
    	
 
    	
Name:   Tasvir Hasan
    
	
 
    	
 
    	
Title:   Executive Director
    

 

SIGNATURE PAGE TO SUPPLEMENT TO THE GUARANTEE AGREEMENT

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