Document:

exv4w327

EXHIBIT
4.327

DATED FEBRUARY 1 2011

CLOSURE SYSTEMS INTERNATIONAL (HONG KONG) LIMITED

AND

WILMINGTON TRUST (LONDON) LIMITED

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

The taking of this document or any certified copy of it or any document which constitutes
substitute documentation for it, or any document which includes written confirmations or references
to it, into Austria as well as printing out any e-mail communication which refers to any Loan
Document in Austria or sending any e-mail communication to which a pdf scan of this document is
attached to an Austrian addressee or sending any e-mail communication carrying an electronic or
digital signature which refers to any Loan Document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified
copies thereof and written and signed references to it outside of Austria and avoid printing out
any email communication which refers to any Loan Document in Austria or sending any e-mail
communication to which a pdf scan of this document is attached to an Austrian addressee or sending
any e-mail communication carrying an electronic or digital signature which refers to any Loan
Document to an Austrian addressee.

 

 

THIS DEED is made the 1st day of February 2011

BETWEEN:

	(1)	 	CLOSURE SYSTEMS INTERNATIONAL (HONG KONG) LIMITED registered in Hong Kong with
company number 1184353 (the “Chargor”); and
	 
	(2)	 	WILMINGTON TRUST (LONDON) LIMITED in its capacity as additional collateral agent for
the Secured Parties appointed under the First Lien Intercreditor Agreement (the “Collateral
Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the debenture dated 25 February 2010 and as subsequently
amended by way of a deed of confirmation and amendment dated 16 November 2010 granted by the
Chargor in favour of the Collateral Agent (the “Debenture”) pursuant to (i) a credit agreement
dated as of 5 November 2009 (as subsequently amended) between among others Reynolds Group
Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Reynolds Group
Holdings Limited, Closure Systems International BV, Pactiv Corporation, the other borrowers
party thereto, the lenders from time to time parties thereto, and Credit Suisse AG as
administrative agent (the “Credit Agreement”), (ii) an indenture dated 5 November 2009 between
Reynolds Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent and collateral agent, as modified, amended or
supplemented from time to time (the “2009 Senior Secured Notes Indenture”) and (iii) an
indenture dated 15 October 2010 and entered into between, among others, RGHL US Escrow I Inc.,
RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent (the “2010 Senior Secured
Notes Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture and
the 2010 Senior Secured Notes Indenture, certain parties to those documents have entered into
a first lien intercreditor agreement dated 5 November 2009 (as subsequently amended) between
among others The Bank of New York Mellon as collateral agent and representative under the
indenture, Credit Suisse AG as representative under the Credit Agreement, Wilmington Trust
(London) Limited as an additional collateral agent and each grantor that are parties thereto
(the “First Lien Intercreditor Agreement”).
	 
	(C)	 	Pursuant to an indenture (the “February 2011 Senior Secured Notes Indenture”) dated
as of 1 February 2011 and entered into between, among others, the Issuers (as defined therein)
(the “ Issuers”) and The Bank of New York Mellon, as trustee, principal paying agent, transfer
agent, registrar and collateral agent and Wilmington Trust (London) Limited as additional
collateral agent, certain secured notes (the “February 2011 Senior Secured Notes”) were issued
by the Issuers.

- 1 -

 

	(D)	 	The obligations in respect of the February 2011 Senior Secured Notes and any Senior
Secured Note Documents (as defined in the February 2011 Senior Secured Notes Indenture) will
be or have been designated as “Additional Obligations” under, and in accordance with, section
5.02(c) of, the First Lien Intercreditor Agreement and the February 2011 Senior Secured Notes
Indenture and the Senior Secured Note Documents (as defined in the February 2011 Senior
Secured Notes Indenture) are therefore “Additional Agreements” under the First Lien Intercreditor Agreement (the “Secured
Notes Designation”).
	 
	(E)	 	As a consequence of the execution of the February 2011 Senior Secured Notes Indenture
it is necessary for the Chargor to make certain minor amendments to the Debenture, and enter
into this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.
	 
	2.	 	With effect from the date of this Deed, the Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “ February 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “ February 2011
Senior Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Senior Secured Notes Indenture” means the indenture dated as of 1
February 2011, among the February 2011 Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time.”
	 
	 	(c)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted and replaced by the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning it is given in the Credit Agreement
and the 2009 Senior Secured Notes Indenture and to the extent of any inconsistency
the meaning it is given in the Credit Agreement shall prevail.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement”
shall be deleted and replaced by the following:

- 2 -

 

	 	 	 	““Credit Agreement” means the Credit Agreement dated 5 November 2009 among Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings Inc., SIG Euro Holding AG
& Co. KGaA, Closure Systems International Holdings Inc., Closure Systems
International B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers,
Reynolds Group Holdings Limited, the lenders from time to time party thereto and
Credit Suisse AG (formally known as Credit Suisse) as administrative agent, as
amended by amendment agreements dated 21 January 2010, 4 May 2010 and 30 September
2010 and as further amended, extended, restructured, renewed, novated,
supplemented, restated, refunded, replaced or modified from time to time.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted and replaced by the following:
	 
	 	 	 	““First Lien Intercreditor Agreement” mean the First Lien Intercreditor Agreement
dated 5 November 2009 between, among others, the Collateral Agent, The Bank of New
York Mellon, as trustee under the 2009 Senior Secured Notes Indenture, the 2010
Senior Secured Notes Indenture and the February 2011 Senior Secured Notes
Indenture, Credit Suisse AG (formally known as Credit Suisse) as administrative
agent under the Credit Agreement, and the Loan Parties, as further amended,
novated, supplemented, restated or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “Principal Finance
Documents” shall be deleted and replaced by the following:
	 
	 	 	 	““Principal Finance Documents” means the Credit Agreement, the 2009 Senior Secured
Notes Indenture, the 2010 Senior Secured Notes Indenture, the February 2011 Senior
Secured Notes Indenture, the Intercreditor Arrangements and any Additional
Agreement.”
	 
	 	(g)	 	Clause 5.3.2 (Further Advances) shall be deleted in its entirety and replaced
with the following:

	 	“5.3.2  	 	(a) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and
the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(b) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to
be incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011

- 3 -

 

	 	 	 	Senior Secured
Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the new Additional Agreements (as defined in the First Lien Intercreditor
Agreement) as a result of the Secured Notes Designation.
	 
	4.	 	This Deed is supplemental to and shall be construed as one with the Debenture and all
documents or instruments which are expressed to supplement the Debenture shall be construed
accordingly.
	 
	5.	 	This Deed may be executed in any number of counterparts, and by each party on separate
counterparts. Each counterpart is an original, but all counterparts shall together constitute
one and the same instrument. Delivery of a counterpart of this Deed by e-mail attachment or
telecopy shall be an effective mode of delivery.
	 
	6.	 	This Deed and all non-contractual obligations arising out of or in connection with it
shall be governed by and construed in accordance with Hong Kong law.
	 
	7.	 	For the avoidance of doubt, notwithstanding anything contained herein, each of the
protections, immunities, rights, indemnities and benefits conferred on the Collateral Agent
under the Debenture and the First Lien Intercreditor Agreement shall continue in full force
and effect and shall apply to this Deed as if set out in full herein.
	 
	8.	 	The courts of Hong Kong have exclusive jurisdiction to settle any dispute (a
“Dispute”) arising out of, or connected with this Deed (including a dispute regarding the
existence, validity or termination of this Deed or the consequences of its nullity) or any
non-contractual obligations arising out of or in connection with this Deed.
	 
	9.	 	The parties agree that the courts of Hong Kong are the most appropriate and convenient
courts to settle Disputes between them and, accordingly, that they will not argue to the
contrary.
	 
	10.	 	Clauses 8 to 10 (inclusive) of this Deed are for the benefit of the Collateral Agent
only. As a result and notwithstanding Clause 8, it does not prevent the Collateral Agent from
taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent
allowed by law, the Collateral Agent may take concurrent proceedings in any number of
jurisdictions.

- 4 -

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Chargor and understood by the
Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	SIGNED, SEALED and DELIVERED

	)	 	 	 	 	 	 
	 

	 	 	 	)	 	 	 
	by Karen Mower

	 	 	 	)	 	 	 
	under power of attorney

	 	 	 	)	 	 	 
	dated January 20, 2011

	 	 	 	)	 	 
	and thereby executed by

	 	 	 	)	 	 
	CLOSURE SYSTEMS INTERNATIONAL    

	 	 	 	)	 	 
	(HONG KONG) LIMITED
	 	 	 	)	  /s/ Karen Mower
	as its Deed in the presence of:

	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 
	/s/ Nathan Parker  
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	Name of witness: Nathan Parker
	 	 	 	 	 	 	 
	Address of witness: [               ]
	 	 	 	 	 	 	 
	Occupation of witness: Solicitor
	 	 	 	 	 	 	 

- 5 -

 

	 	 	 	 	 	 	 

	The Collateral Agent
	 	 	 	 	 	 
	Signed by

	 	 	)	 	 	 
	WILMINGTON TRUST (LONDON) LIMITED       	)	 	 	 
	 
	 	 	 	 	 	 
	By: /s/ Elaine Lockart
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Name: Elaine Lockart
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Address:

	 	6 Broad Street Place	 	 	 	 
	 

	 	London EC2M 7JH	 	 	 	 
	 

	 	United Kingdom	 	 	 	 
	 
	 	 	 	 	 	 
	Fax:

	 	+44 (0)20 7614 1122	 	 	 	 
	 
	 	 	 	 	 	 
	Attention:

	 	Elaine Lockhart	 	 	 	 

- 6 -exv4w328

			
	 	 	EXHIBIT 4.328
	 	 	 

DATED 1 FEBRUARY 2011

SIG COMBIBLOC LIMITED

AND

WILMINGTON TRUST (LONDON) LIMITED

AS COLLATERAL AGENT

 

DEED OF CONFIRMATION AND AMENDMENT

 

The taking of this document or any certified copy of it or any document which constitutes
substitute documentation for it, or any document which includes written confirmations or references
to it, into Austria as well as printing out any e-mail communication which refers to any Loan
Document in Austria or sending any e-mail communication to which a pdf scan of this document is
attached to an Austrian addressee or sending any e-mail communication carrying an electronic or
digital signature which refers to any Loan Document to an Austrian addressee may cause the
imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified
copies thereof and written and signed references to it outside of Austria and avoid printing out
any email communication which refers to any Loan Document in Austria or sending any e-mail
communication to which a pdf scan of this document is attached to an Austrian addressee or sending
any e-mail communication carrying an electronic or digital signature which refers to any Loan
Document to an Austrian addressee.

 

 

THIS DEED is made the 1st day of February 2011

BETWEEN:

	(1)	 	SIG COMBIBLOC LIMITED registered in Hong Kong with company number 944432 (the
“Chargor”); and
	 
	(2)	 	WILMINGTON TRUST (LONDON) LIMITED in its capacity as additional collateral agent for
the Secured Parties appointed under the First Lien Intercreditor Agreement (the “Collateral
Agent”)

WHEREAS:

	(A)	 	The Chargor has entered into the debenture dated 25 February 2010 and as subsequently
amended by way of a deed of confirmation and amendment dated 16 November 2010 granted by the
Chargor in favour of the Collateral Agent (the “Debenture”) pursuant to (i) a credit agreement
dated as of 5 November 2009 (as subsequently amended) between among others Reynolds Group
Holdings Inc., Reynolds Consumer Products Holdings Inc., Closure Systems International
Holdings Inc., SIG Euro Holding AG & Co KGaA, SIG Austria Holding GmbH, Reynolds Group
Holdings Limited, Closure Systems International BV, Pactiv Corporation, the other borrowers
party thereto, the lenders from time to time parties thereto, and Credit Suisse AG as
administrative agent (the “Credit Agreement”), (ii) an indenture dated 5 November 2009 between
Reynolds Group Escrow LLC, Reynolds Group DL Escrow Inc. and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent and collateral agent, as modified, amended or
supplemented from time to time (the “2009 Senior Secured Notes Indenture”) and (iii) an
indenture dated 15 October 2010 and entered into between, among others, RGHL US Escrow I Inc.,
RGHL US Escrow I LLC and RGHL Escrow Issuer (Luxembourg) I S.A. and The Bank of New York
Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent (the “2010 Senior Secured
Notes Indenture”).
	 
	(B)	 	In connection with the Credit Agreement, the 2009 Senior Secured Notes Indenture and
the 2010 Senior Secured Notes Indenture, certain parties to those documents have entered into
a first lien intercreditor agreement dated 5 November 2009 (as subsequently amended) between
among others The Bank of New York Mellon as collateral agent and representative under the
indenture, Credit Suisse AG as representative under the Credit Agreement, Wilmington Trust
(London) Limited as an additional collateral agent and each grantor that are parties thereto
(the “First Lien Intercreditor Agreement”).
	 
	(C)	 	Pursuant to an indenture (the “February 2011 Senior Secured Notes Indenture”) dated
as of 1 February 2011 and entered into between, among others, the Issuers (as defined therein)
(the “Issuers”) and The Bank of New York Mellon, as trustee, principal paying agent, transfer
agent, registrar and collateral agent and Wilmington Trust (London) Limited as additional
collateral agent, certain secured notes (the “February 2011 Senior Secured Notes”) were issued
by the Issuers.

- 1 - 

 

	(D)	 	The obligations in respect of the February 2011 Senior Secured Notes and any Senior
Secured Note Documents (as defined in the February 2011 Senior Secured Notes Indenture) will
be or have been designated as “Additional Obligations” under, and in accordance with, section
5.02(c) of, the First Lien Intercreditor Agreement and the February 2011 Senior Secured Notes
Indenture and the Senior Secured Note Documents (as defined in the February 2011 Senior
Secured Notes Indenture) are therefore “Additional Agreements” under the First Lien
Intercreditor Agreement (the “Secured Notes Designation”).

	(E)	 	As a consequence of the execution of the February 2011 Senior Secured Notes Indenture
it is necessary for the Chargor to make certain minor amendments to the Debenture, and enter
into this Deed.

NOW THE PARTIES HEREBY AGREE:

	1.	 	In this Deed (including its recitals), unless otherwise defined herein terms defined
in the First Lien Intercreditor Agreement shall have the same meaning when used in this Deed.
	 
	2.	 	With effect from the date of this Deed, the Debenture shall be amended as follows:

	 	(a)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011
Issuers” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Issuers” means the “Issuers” under, and as defined in, the February
2011 Senior Secured Notes Indenture, including their successors in interest.”
	 
	 	(b)	 	In Clause 1.1 (Definitions) the following new definition of “February 2011
Senior Secured Notes Indenture” shall be inserted in alphabetical order:
	 
	 	 	 	““February 2011 Senior Secured Notes Indenture” means the indenture dated as of 1
February 2011, among the February 2011 Issuers and The Bank of New York Mellon, as
trustee, principal paying agent, transfer agent, registrar and collateral agent and
Wilmington Trust (London) Limited as additional collateral agent, as amended,
extended, restructured, renewed, refunded, novated, supplemented, restated,
replaced or modified from time to time.”
	 
	 	(c)	 	In Clause 1.1 (Definitions) the existing definition of “Agreed Security
Principles” shall be deleted and replaced by the following:
	 
	 	 	 	““Agreed Security Principles” has the meaning it is given in the Credit Agreement
and the 2009 Senior Secured Notes Indenture and to the extent of any inconsistency
the meaning it is given in the Credit Agreement shall prevail.”
	 
	 	(d)	 	In Clause 1.1 (Definitions) the existing definition of “Credit Agreement”
shall be deleted and replaced by the following:

- 2 - 

 

	 	 	 	““Credit Agreement” means the Credit Agreement dated 5 November 2009 among Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings Inc., SIG Euro Holding AG
& Co. KGaA, Closure Systems International Holdings Inc., Closure Systems
International B.V., Pactiv Corporation and SIG Austria Holding GmbH as borrowers,
Reynolds Group Holdings Limited, the lenders from time to time party thereto and
Credit Suisse AG (formally known as Credit Suisse) as administrative agent, as
amended by amendment agreements dated 21 January 2010, 4 May 2010 and 30 September
2010 and as further amended, extended, restructured, renewed, novated,
supplemented, restated, refunded, replaced or modified from time to time.”
	 
	 	(e)	 	In Clause 1.1 (Definitions) the existing definition of “First Lien
Intercreditor Agreement” shall be deleted and replaced by the following:
	 
	 	 	 	““First Lien Intercreditor Agreement” mean the First Lien Intercreditor Agreement
dated 5 November 2009 between, among others, the Collateral
Agent, The Bank of New York Mellon, as trustee under the 2009 Senior Secured Notes
Indenture, the 2010 Senior Secured Notes Indenture and the February 2011 Senior
Secured Notes Indenture, Credit Suisse AG (formally known as Credit Suisse) as
administrative agent under the Credit Agreement, and the Loan Parties, as further
amended, novated, supplemented, restated or modified from time to time.”
	 
	 	(f)	 	In Clause 1.1 (Definitions) the existing definition of “Principal Finance
Documents” shall be deleted and replaced by the following:
	 
	 	 	 	““Principal Finance Documents” means the Credit Agreement, the 2009 Senior Secured
Notes Indenture, the 2010 Senior Secured Notes Indenture, the February 2011 Senior
Secured Notes Indenture, the Intercreditor Arrangements and any Additional
Agreement.”
	 
	 	(g)	 	Clause 5.3.2 (Further Advances) shall be deleted in its entirety and replaced
with the following:

	 	“5.3.2  	 	(a) Subject to the terms of the Loan Documents, each 2009 Issuer may issue
Additional Notes (as defined in the 2009 Senior Secured Notes Indenture) and
the obligations in respect of such Additional Notes will be deemed to be
incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(b) Subject to the terms of the Loan Documents, each 2010 Issuer may issue
Additional Notes (as defined in the 2010 Senior Secured Notes Indenture)
and the obligations in respect of such Additional Notes will be deemed to
be incorporated into this Debenture as if set out in this Debenture.
	 
	 	 	 	(c) Subject to the terms of the Loan Documents, each February 2011 Issuer
may issue Additional Notes (as defined in the February 2011

- 3 - 

 

	 	 	 	Senior Secured Notes Indenture) and the obligations in respect of such Additional Notes
will be deemed to be incorporated into this Debenture as if set out in
this Debenture.”

	3.	 	The Chargor confirms that, with effect from the date of this Deed, the Debenture shall
continue in full force and effect as amended by this Deed and extends to the obligations in
respect of the new Additional Agreements (as defined in the First Lien Intercreditor
Agreement) as a result of the Secured Notes Designation.
	 
	4.	 	This Deed is supplemental to and shall be construed as one with the Debenture and all
documents or instruments which are expressed to supplement the Debenture shall be construed
accordingly.
	 
	5.	 	This Deed may be executed in any number of counterparts, and by each party on separate
counterparts. Each counterpart is an original, but all counterparts shall together constitute
one and the same instrument. Delivery of a counterpart of this Deed by e-mail attachment or
telecopy shall be an effective mode of delivery.
	 
	6.	 	This Deed and all non-contractual obligations arising out of or in connection with it
shall be governed by and construed in accordance with Hong Kong law.
	 
	7.	 	For the avoidance of doubt, notwithstanding anything contained herein, each of the
protections, immunities, rights, indemnities and benefits conferred on the Collateral
Agent under the Debenture and the First Lien Intercreditor Agreement shall continue in full
force and effect and shall apply to this Deed as if set out in full herein.
	 
	8.	 	The courts of Hong Kong have exclusive jurisdiction to settle any dispute (a
“Dispute”) arising out of, or connected with this Deed (including a dispute regarding the
existence, validity or termination of this Deed or the consequences of its nullity) or any
non-contractual obligations arising out of or in connection with this Deed.
	 
	9.	 	The parties agree that the courts of Hong Kong are the most appropriate and convenient
courts to settle Disputes between them and, accordingly, that they will not argue to the
contrary.
	 
	10.	 	Clauses 8 to 10 (inclusive) of this Deed are for the benefit of the Collateral Agent
only. As a result and notwithstanding Clause 8, it does not prevent the Collateral Agent from
taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent
allowed by law, the Collateral Agent may take concurrent proceedings in any number of
jurisdictions.

- 4 - 

 

IN WITNESS whereof this Deed has been duly executed as a deed by the Chargor and understood by the
Collateral Agent on the day and year first before written.

	 	 	 	 	 	 	 	 

	The Chargor
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	SIGNED, SEALED and DELIVERED

	 	)	 	 	 	 	 
	 

	 	 	 	)	 	 	 
	
	 	 	 	 	 	 	 
	by Karen Mower

	 	 	 	)	 	 	 
	 
	 	 	 	 	 	 	 
	under power of attorney 

dated January 28, 2011

	 	 	

	)

)	 	 	 
	 
	 	 	 	 	 
	and thereby executed by

	 	 	 	)	 	 
	SIG COMBIBLOC LIMITED

	 	 		) /s/Karen Mower	 	 
	as its Deed in the presence of:

	 	 	 	)	 	 	 

	 	 	 	 	 
	 	 
	     /s/ Nathan Parker
 	 
	Name of witness: Nathan Parker 	 
	Address of witness: [               ]

Occupation of witness: Solicitor 	 

- 5 - 

 

	 	 	 	 	 

	The Collateral Agent
	 	 	 	 
	Signed by

	 	 	)	 
	WILMINGTON TRUST (LONDON) LIMITED

	 	 	)	 

	 	 	 

	By: /s/ Elaine Lockart

	 
	Name: Elaine Lockart

	 
	Address:

	 	6 Broad Street Place

London EC2M 7JH

United Kingdom
	 
	Fax:

	 	+44 (0)20 7614 1122
	 
	Attention:

	 	Elaine Lockhart

- 6 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]