Document:

Supplemental Indenture Third Priority Senior Secured Notes due 2013

 Exhibit 4.r 
  

  
 SUPPLEMENTAL INDENTURE 
  
 Dated as of November 18, 2005

  
 to Indenture 
  
 Dated as of February 26, 2003 
  
 Among 
  
 CROWN EUROPEAN HOLDINGS SA, as Issuer, 
  
 the GUARANTORS named therein 
  
 and 
  
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 (as successor by consolidation to Wells Fargo
Bank Minnesota, National Association), 
 as Trustee 
  

  

 This SUPPLEMENTAL INDENTURE dated as of November 18, 2005 (“Supplemental Indenture”), is among
Crown European Holdings SA, a French société anonyme (the “Company”), the guarantors identified on the signature pages hereto (the “Guarantors”) and Wells Fargo Bank Minnesota, National Association, as trustee under
the indenture referred to herein (the “Trustee”). 
  
 RECITALS 
  
 WHEREAS, the Company, the Guarantors and the
Trustee have heretofore duly executed and delivered an indenture dated as of February 26, 2003 (the “Indenture”), pursuant to which the Company issued $725,000,000 aggregate principal amount of 10 7/8% Third Priority Senior Secured Notes due 2013 (the “Notes”); 
  
 WHEREAS, Section 8.02 of the Indenture provides that the Company, the
Guarantors and the Trustee may, with certain exceptions, amend the Indenture, the Notes, the Note Guarantees (as defined in the Indenture) or any provision of any Security Document (as defined in the Indenture) or the Proceeds Sharing Agreement (as
defined in the Indenture) with the consent of the Holders (as defined in the Indenture) of at least a majority in principal amount of the then outstanding Notes; 
  
 WHEREAS, Section 8.02(c) of the Indenture provides that, in addition to the release of the Collateral (as defined in the
Indenture) expressly permitted by the Indenture and the Security Documents, Collateral may be released with the consent of the Holders of at least 66 2/3% in aggregate principal amount of the Notes then outstanding
(the “Required Consents”); 
  
 WHEREAS, Crown
Holdings, Inc., a Guarantor and the parent company of the Company (“Crown”), has distributed an Offer to Purchase and Consent Solicitation Statement, dated October 18, 2005 (the “Statement”), and accompanying letter of
transmittal and consent (the “Letter of Transmittal”) to the Holders of the Notes in connection with (i) certain proposed amendments to the Indenture as described in the Statement (the “Proposed Amendments”) and (ii) the
termination or amendment of the related Security Documents and amendments to the Proceeds Sharing Agreement as described in the Statement (the “Collateral Document Terminations”); 
  
 WHEREAS, the Holders of at least 66 2/3% of the
outstanding principal amount of the Notes have approved the Proposed Amendments and the Collateral Document Terminations; 
  
 WHEREAS, the Board of Directors of the Company and the applicable Board of Directors of the respective Guarantors have authorized the execution of this
Supplemental Indenture and the delivery hereof to the Trustee for the purpose of modifying the Indenture as set forth herein; 
  
 WHEREAS, in all other respects all actions have been taken necessary to make this Supplemental Indenture the valid, binding and legal obligation of the
Company and the Guarantors in accordance with its terms; 
  
 NOW,
THEREFORE, in consideration of the premises, and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Guarantors hereby covenant and agree with the Trustee as follows: 

 
 SECTION 1. Capitalized Terms. All capitalized terms not otherwise
defined herein shall have the meanings ascribed to them in the Indenture. 

 SECTION 2. Amendments to the Indenture and the Notes. (a) The following Sections and Articles of
the Indenture, and any corresponding provisions in the Notes, are hereby deleted in their entirety and replaced with “Intentionally Omitted.”: 
  

			
	 Section 4.03
	  	Legal Existence
	 Section 4.04
	  	Maintenance of Properties; Insurance Compliance with Law
	 Section 4.05
	  	Waiver of Stay; Extension of Usury Laws
	 Section 4.06
	  	Compliance Certificate
	 Section 4.07
	  	Taxes
	 Section 4.08
	  	Repurchase at the Option of Holders Upon the Change of Control
	 Section 4.09
	  	Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock
	 Section 4.10
	  	Limitation on Restricted Payments
	 Section 4.11
	  	Limitation on Liens
	 Section 4.12
	  	Limitation on Asset Sales
	 Section 4.13
	  	Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
	 Section 4.14
	  	Limitation on Transactions with Affiliates
	 Section 4.15
	  	Limitation on Sale and Leaseback Transactions
	 Section 4.17
	  	Reports to Holders
	 Section 4.18
	  	Limitation on Creation of Subsidiaries
	 Section 4.19
	  	Suspension of Certain Covenants in Event of Investment Grade Rating
	 Section 5.01
	  	Consolidation, Merger or Sale of Assets
	 Section 5.02
	  	Successor Person Substituted
	 Article 11
	  	Security Documents; Proceeds Sharing Agreement (except for Section 11.12).

  
 (b) Clauses (3)
through (10) of Section 6.01 of the Indenture relating to Events of Defaults (as defined in the Indenture) are hereby deleted and replaced with “Intentionally Omitted.” 
  
 (c) The last sentence of Section 9.01, clause (2) of the second sentence of Section 9.02, all of Section 9.03 and all but
clause (1) of Section 9.04 of the Indenture are hereby deleted. 
  
 (d) Any definitions used exclusively in the provisions of the Indenture or Notes that are deleted pursuant to this Section 2, and any definitions used exclusively within such definitions, are hereby deleted in their entirety from the
Indenture and the Notes, and all references in the Indenture and the Notes to paragraphs, clauses, Sections, Articles or other terms or provisions of the Indenture referred to above in this section or that have been otherwise deleted pursuant to
this Supplemental Indenture are hereby deleted in their entirety. 
  
 SECTION 3. The Indenture. This Supplemental Indenture is expressly made supplemental to and shall form a part of the Indenture and is made subject to all the conditions, covenants and warranties contained in the Indenture. Nothing in
this Supplemental Indenture is intended to or shall provide any rights to any parties other than those expressly contemplated by this Supplemental Indenture. Each reference in the Indenture to “this Indenture”, “hereunder”,
“hereof”, and words of like import referring to the Indenture and each reference in any other transaction document relating to the Indenture shall mean the Indenture as amended hereby. 

 SECTION 4. Legend. There shall be stamped, overprinted, typed or otherwise noted on Notes
authenticated and delivered after the date hereof the following legend: 
  
 “THE INDENTURE GOVERNING THIS NOTE HAS BEEN AMENDED BY A SUPPLEMENTAL INDENTURE DATED AS OF NOVEMBER 18, 2005. REFERENCE IS MADE TO SUCH SUPPLEMENTAL INDENTURE FOR A STATEMENT OF THE AMENDED RIGHTS AND
OBLIGATIONS OF THE COMPANY AND HOLDERS OF THE NOTES.” 
  
 SECTION 5. Trustee. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or the Indenture as hereby supplemented, or the due execution hereof by the Company and the Guarantors, or the
recitals and statements contained herein, all of which recitals and statements are made solely by the Company and the Guarantors, as the case may be. 
  
 SECTION 6. Release of Collateral. Pursuant to Section 8.02(c) of the Indenture and the deletion of Article 11 of the Indenture and pursuant to
Section 9 of the Second Amended and Restated U.S. Intercreditor and Collateral Agency Agreement, dated November 18, 2005 (the “Amended U.S. Intercreditor Agreement”) and Section 9 of the Second Amended and Restated Euro Intercreditor and
Collateral Agency Agreement, dated November 18, 2005 (the “Amended Euro Intercreditor Agreement” and together with the Amended U.S. Intercreditor Agreement, the “Amended Intercreditor Agreements”), all of the Liens upon
Collateral created by the Security Documents are released and the Notes are not entitled to the benefits of the Amended Intercreditor Agreements. Pursuant to Section 8.02(a) of the Indenture and the deletion of Section 11.12 of the Indenture and
pursuant to Sections 1 and 6(b)(ii) of the Second Amended and Restated Global Participation and Proceeds Sharing Agreement, dated November 18, 2005 (the “Amended Proceeds Sharing Agreement”), the Notes are to be treated as Additional
Unsecured Indebtedness (as defined in the Amended Proceeds Sharing Agreement) and the Note Holders are not entitled to share in the proceeds from Collateral under the Amended Proceeds Sharing Agreement. Pursuant to Section 7.14(b) of the Second
Amended and Restated U.S. Security Agreement, dated November 18, 2005, Section 13(b) of the Bank Pledge Agreement, dated November 18, 2005, Section 13(b) of the Euro Bank Pledge Agreement, dated November 18, 2005, Section 13(b) of the Second Amended
and Restated CEH Pledge Agreement, dated November 18, 2005, and Section 13(b) of the Second Amended and Restated Shared Pledge Agreement, dated November 18, 2005, the applicable collateral agent is required to execute and deliver all UCC termination
statements and similar documents that the Company reasonably requests to evidence the termination or release of the Collateral. The Trustee is hereby authorized to execute and deliver such further instruments and do such further acts as may be
reasonably necessary or proper to effectuate the release of the Notes’ Liens on the Collateral. 
  
 SECTION 7. Governing Law. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York, the
United States of America, without regard to the principles of conflicts of laws. 
  
 SECTION 8. Counterparts. This Supplemental Indenture may be simultaneously executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and
the same instrument. 
  
 SECTION 9 Severability. If any
court of competent jurisdiction shall determine that any provision in this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 

 SECTION 10 Effectiveness. This Supplemental Indenture shall become effective upon execution by the
Company, the Guarantors and the Trustee; provided that nothing herein shall be construed to amend, change or modify in any material respect the obligation of the Company to make and consummate an Asset Sale Offer with respect to an Asset Sale Offer
Trigger Date, which may have occurred prior to the date hereof; provided further that Sections 2, 4 and 6 of this Supplemental Indenture shall not become operative until the Company delivers written notice to the Trustee that at least 66 2/3% of the aggregate principal amount of the Notes validly tendered and not validly withdrawn pursuant to the Statement have been accepted for purchase. In the event the Company notifies (if orally, then confirmed in writing) Wells
Fargo Bank, N.A., as depositary for the Notes under the Statement, that it has withdrawn or terminated the offers to purchase the Notes pursuant to the Statement, this Supplemental Indenture shall be terminated and of no force or effect and the
Indenture shall not be modified hereby. 
  
 SECTION 11
Further Instruments and Acts. Upon request of the Company, the Trustee will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this
Supplemental Indenture. 

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

			
	The Company:
	
	CROWN EUROPEAN HOLDINGS SA
		
	By:	 	 /s/ Alan W. Rutherford

	Name:	 	Alan W. Rutherford
	Title:	 	Directeur Général Délégué

			
	The Guarantors:
	
	 CROWN CORK & SEAL COMPANY, INC.

		
	 By:
	 	 /s/ Alan W. Rutherford

	Name:	 	Alan W. Rutherford
	Title:	 	Vice President & CFO
		
	 Attest:
	 	 
		
	By:	 	 /s/ Rosemary Haselroth

	Name:	 	Rosemary Haselroth
	Title:	 	Assistant Secretary
	
	 CENTRAL STATES CAN CO. OF PUERTO
RICO, INC.

	 CROWN AMERICAS LLC

	 CROWN BEVERAGE PACKAGING, INC.

	 CROWN BEVERAGE PACKAGING
PUERTO RICO, INC.

	 CROWN CONSULTANTS, INC.

	 CROWN CORK & SEAL COMPANY (DE), LLC

	 CROWN CORK & SEAL USA, INC.

	 CROWN FINANCIAL CORPORATION

	 CROWN FINANCIAL MANAGEMENT, INC.

	 CROWN HOLDINGS (PA), LLC

	 CROWN INTERNATIONAL HOLDINGS, INC.

	 CROWN PACKAGING TECHNOLOGY, INC.

	 CROWN RISDON USA, INC.

	 FOREIGN MANUFACTURERS FINANCE
CORPORATION

	 NWR, INC.

		
	 By:
	 	 /s/ Michael B. Burns

	 Name:
	 	 Michael B. Burns

	 Title:
	 	Authorized Officer

			
	CROWN HOLDINGS, INC.
		
	By:	 	 /s/ Alan W. Rutherford

	Name:	 	Alan W. Rutherford
	Title:	 	Executive Vice President & CFO
		
	Attest:	 	 /s/ Rosemary Haselroth

	Name:	 	Rosemary Haselroth
	Title:	 	Assistant Secretary

			
	CROWN VERPAKKING BELGIE NV
		
	By:	 	 /s/ Lakon Holloway

	Name:	 	Lakon Holloway
	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 CANADIAN HOLDINGS ULC

		
	 By:
	 	 /s/ Adrian Cobbold

	 Name:
	 	 Adrian Cobbold

	 Title:
	 	 Secretary

	
	 CROWN METAL PACKAGING CANADA LP

		
	 By:
	 	 /s/ Adrian Cobbold

	 Name:
	 	 Adrian Cobbold

	 Title:
	 	 Secretary

	
	 3079939 NOVA SCOTIA COMPANY/3079939
 COMPAGNIE DE LA NOUVELLE ÉCOSSE

		
	 By:
	 	 /s/ Adrian Cobbold

	 Name:
	 	 Adrian Cobbold

	 Title:
	 	 Secretary

			
	 SOCIETE DE PARTICIPATIONS CARNAUDMETALBOX SAS

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN BEVCAN FRANCE SAS

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN EMBALLAGE FRANCE SAS

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN DÉVELOPPEMENT SAS

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

			
	 CROWN VERPACKUNGEN DEUTSCHLAND
     GMBH

	By:	 	 /s/ Peter Brylka

	Name:	 	Peter Brylka
	Title:	 	Managing Director
		
	By:	 	 /s/ Rolf Wilke

	Name:	 	Rolf Wilke
	Title:	 	“Prokurist”
	
	 CROWN VERSCHLUSSE DEUTSCHLAND
     GMBH

		
	By:	 	 /s/ Christoph F. Wetzler

	Name:	 	Christoph F. Wetzler
	Title:	 	Attorney-in-Fact
	
	CROWN NAHRUNGSMITTELDOSEN GMBH
		
	By:	 	 /s/ Christoph F. Wetzler

	Name:	 	Christoph F. Wetzler
	Title:	 	Attorney-in-Fact
	
	 CROWN NAHRUNGSMITTELDOSEN
     DEUTSCHLAND GMBH

		
	By:	 	 /s/ Christoph F. Wetzler

	Name:	 	Christoph F. Wetzler
	Title:	 	Attorney-in-Fact
	
	 CROWN SPECIALTY PACKAGING
     DEUTSCHLAND GMBH

		
	By:	 	 /s/ Christoph F. Wetzler

	Name:	 	Christoph F. Wetzler
	Title:	 	Attoney-in-Fact
	
	 CROWN CORK & SEAL DEUTSCHLAND
     HOLDINGS GMBH

		
	By:	 	 /s/ Peter Brylka

	Name:	 	Peter Brylka
	Title:	 	Managing Director
		
	By:	 	 /s/ Rolf Wilke

	Name:	 	Rolf Wilke
	Title:	 	“Prokurist”

			
	 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 VOGEL AG

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

			
	 CROWN UK HOLDINGS LIMITED

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CARNAUDMETALBOX OVERSEAS LIMITED

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN CORK & SEAL FINANCE PLC

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CARNAUDMETALBOX GROUP UK LIMITED

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN SPECIALTY PACKAGING UK PLC

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CARNAUDMETALBOX ENGINEERING PLC

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

			
	 CROWN AEROSOLS UK LIMITED

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

	
	 CROWN PACKAGING UK PLC

		
	 By:
	 	 /s/ Lakon Holloway

	 Name:
	 	 Lakon Holloway

	 Title:
	 	 Attorney-in-Fact

			
	 WELLS FARGO BANK, N.A., as Trustee

		
	 By:
	 	 /s/ Jeffery Rose

	 Name:
	 	 Jeffery Rose

	 Title:
	 	 Vice PresidentIntercreditor Agreement

 Exhibit 10.A 
  
 INTERCREDITOR AGREEMENT 
  
 Dated as of November 18, 2005 
  
 Among 
  
 CITIBANK, N.A., as Program Agent 
  
 CROWN HOLDINGS, INC. 
  
 CROWN
INTERNATIONAL HOLDINGS, INC. 
  
 CROWN CORK & SEAL COMPANY,
INC. 
  
 CROWN CORK & SEAL RECEIVABLES (DE) CORPORATION

  
 CROWN CORK & SEAL USA, INC. 
  
 CROWN RISDON USA, INC. 
  
 CROWN METAL PACKAGING CANADA LP 
  
 DEUTSCHE BANK AG NEW YORK BRANCH 
 and THE BANK OF NOVA SCOTIA, as Bank Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 	  	ARTICLE 1 DEFINITIONS	  	 
			
	 SECTION 1.01.
	  	Defined Terms	  	2
			
	 SECTION 1.02.
	  	References to Terms Defined in the Program Documents and the Bank Loan Documents	  	6
			
	 	  	ARTICLE 2 INTERCREDITOR PROVISIONS	  	 
			
	 SECTION 2.01.
	  	Priorities with Respect to Purchased Property	  	7
			
	 SECTION 2.02.
	  	Respective Interests in Purchased Property and Senior Loan Collateral	  	8
			
	 SECTION 2.03.
	  	Distribution of Proceeds	  	8
			
	 SECTION 2.04.
	  	Lock-Box Accounts	  	8
			
	 SECTION 2.05.
	  	Enforcement Actions	  	9
			
	 SECTION 2.06.
	  	Access to and Use of Collateral	  	10
			
	 SECTION 2.07.
	  	Notice of Defaults	  	11
			
	 SECTION 2.08.
	  	Agency for Perfection	  	11
			
	 SECTION 2.09.
	  	UCC Notices	  	12
			
	 SECTION 2.10.
	  	Independent Credit Investigations	  	12
			
	 SECTION 2.11.
	  	Limitation on Liability of Parties to Each Other	  	12
			
	 SECTION 2.12.
	  	Marshalling of Assets	  	12
			
	 SECTION 2.13.
	  	Relative Rights of Purchasers and Secured Parties as Among Themselves	  	12
			
	 SECTION 2.14.
	  	Effect upon Bank Loan Documents and Program Documents	  	13
			
	 SECTION 2.15.
	  	Accountings	  	13
			
	 SECTION 2.16.
	  	Further Assurances	  	13

  

 i 

					
			
	 	  	ARTICLE 3 MISCELLANEOUS	  	 
			
	 SECTION 3.01.
	  	Notices	  	14
			
	 SECTION 3.02.
	  	Agreement Absolute	  	15
			
	 SECTION 3.03.
	  	Successors and Assigns	  	16
			
	 SECTION 3.04.
	  	Third-Party Beneficiaries	  	16
			
	 SECTION 3.05.
	  	Amendments, Etc	  	16
			
	 SECTION 3.06.
	  	Section Titles	  	16
			
	 SECTION 3.07.
	  	Severability	  	16
			
	 SECTION 3.08.
	  	Execution in Counterparts	  	16
			
	 SECTION 3.09.
	  	Governing Law	  	17
			
	 SECTION 3.10.
	  	Submission to Jurisdiction	  	17
			
	 SECTION 3.11.
	  	Consent to Service of Process	  	17
			
	 SECTION 3.12.
	  	Waiver of Jury Trial	  	17

  

 ii 

 EXECUTION COPY 
  
 INTERCREDITOR AGREEMENT 
  
 INTERCREDITOR AGREEMENT dated as of November 18, 2005, by and among CITIBANK, N.A., a national banking association, as agent (together with its
successors and assigns, the “Program Agent”) for the banks and other financial institutions (the “Purchasers”) from time to time party to the Receivables Purchase Agreement (as hereinafter defined),
CROWN HOLDINGS, INC., a Pennsylvania corporation, (“Crown Holdings”), CROWN CORK & SEAL COMPANY, INC., a Pennsylvania corporation (“CCSC”) and CROWN INTERNATIONAL HOLDINGS, INC., a Delaware
corporation (“CIH”, and together with Crown Holdings and CCSC, the “Parent Undertaking Parties”, and each, individually, a “Parent Undertaking Party”), 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”), CROWN RISDON USA, INC., a Delaware corporation formerly known as Risdon-AMS (USA), Inc. (“Risdon”), CROWN METAL PACKAGING CANADA LP, a limited partnership organized and existing under the laws of the
province of Ontario, Canada (“Crown (Canada)”) and DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent and U.K. administrative agent and THE BANK OF NOVA SCOTIA as Canadian administrative agent (together with their
successors and assigns, the “Bank Agent”) for the banks and other financial institutions (the “Lender Parties”) from time to time party to the Bank Loan Documents (as hereinafter defined). 

 
 PRELIMINARY STATEMENTS 
  
 1. Crown USA and Risdon (collectively, the “U.S.
Originators”) and Crown (Canada) (together with the U.S. Originators, the “Originators”) have agreed to sell, transfer and assign to the Seller from time to time, and the Seller has agreed to purchase from the
Originators from time to time, all of the right, title and interest of the Originators in and to the Receivables (as hereinafter defined) pursuant to a Second Amended and Restated Receivables Contribution and Sale Agreement dated as of
December 5, 2003, as amended by the First Amendment to Second Amended and Restated Receivables Contribution and Sale Agreement dated as of September 1, 2004, and the Second Amendment dated as of August 9, 2005, (such agreement, as so
amended and as the same may from time to time be further amended, amended and restated, supplemented or otherwise modified, the “Receivables Contribution and Sale Agreement”), among, inter alia, the Originators, the
Seller and Crown USA as the buyer’s initial servicer. 
  
 2.
The Purchasers have agreed to purchase from the Seller under a Second Amended and Restated Receivables Purchase Agreement dated as of December 5, 2003, as amended by the First Amendment to Second Amended and Restated Receivables Purchase
Agreement dated as of the date hereof (the “RPA First Amendment”; such agreement, as so amended by the RPA First Amendment and as the same may from time to time be further amended, amended and restated, supplemented or
otherwise modified the “Receivables Purchase Agreement”) among the Seller, the Program Agent, the Purchasers and Crown USA, as Servicer, an undivided percentage ownership interest in the Receivables (as hereinafter defined)
together with the Related Security and Collections (each as hereinafter defined). 

 3. In connection with the Credit Agreement dated as of the date hereof among Crown Americas, LLC, Crown
European Holdings S.A., Crown Holdings and each other Parent Undertaking Party, certain other subsidiaries of Crown Holdings party thereto, the Bank Agent, and the banks and other financial institutions from time to time party thereto (such
agreement, as the same may from time to time be amended, amended and restated, supplemented or otherwise modified, the “Bank Credit Agreement”), and pursuant to the Security Agreement (as hereinafter defined), the Originators
and the other U.S. Loan Parties (as hereinafter defined) have each granted to the Bank Agent, for the benefit of the Secured Parties (as hereinafter defined), a security interest in certain collateral, including but not limited to certain inventory
of the Originators. 
  
 4. It is a condition precedent to the
effectiveness of the Bank Credit Agreement that the parties hereto enter into this Agreement. 
  
 5. The parties hereto have agreed to enter into this Agreement to set forth provisions regarding the allocation of priorities in, and the enforcement of remedies with respect to, the Purchased Property (as hereinafter
defined) and with respect to the Senior Loan Collateral (as hereinafter defined). 
  
 NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, and for other good and valuable consideration, receipt of which is hereby acknowledged, it is hereby agreed as
follows: 
  
 ARTICLE 1 
 DEFINITIONS 
  
 SECTION 1.01. Defined Terms. As used in this Agreement, the following capitalized terms shall have the following meanings (such meanings to be
equally applicable to both the singular and plural forms of the terms defined). The term “Agreement” shall mean this Intercreditor Agreement, as the same may be amended, supplemented or otherwise modified from time to time.

  
 “Bank Claim” means all of the
indebtedness, obligations and other liabilities of the Loan Parties arising under, or in connection with, the Bank Loan Documents including, but not limited to, all sums now or hereafter lent or advanced to or for the benefit of the Loan Parties
thereunder, any interest thereon, any reimbursement obligations, fees or expenses due thereunder, and any costs of collection or enforcement. 
  
 “Bank Collateral” means all property and interests in property now owned or hereafter acquired by any Originator or other Loan
Party in or upon which a security interest, lien or mortgage is granted by any Originator or other Loan Party to the Bank Agent under any of the Bank Loan Documents. 
  

 -2- 

 “Bank Loan Documents” has the meaning ascribed to the term “Loan
Documents” in the Bank Credit Agreement. 
  
 “Business Day” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Certificate” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Claim” means the Bank Claim or the Purchaser Claim,
as applicable. 
  
 “Collections” means,
with respect to any Receivable, all cash collections and other cash proceeds of such Receivable, including, without limitation, (i) all cash proceeds of the Related Security with respect to such Receivable, and (ii) any Collections of such
Receivable deemed to have been received, and actually paid, pursuant to the Receivables Purchase Agreement. 
  
 “Company Claim” means all of the indebtedness, obligations and other liabilities of the Seller to any Originator arising under, or
in connection with, the Receivables Contribution and Sale Agreement, including, but not limited to, obligations evidenced by any Subordinated Note, and any costs of collection or enforcement. 
  
 “Consent and Agreement” has the meaning ascribed to
such term in the Receivables Purchase Agreement. 
  
 “Enforcement” means, collectively or individually, for (i) the Program Agent on behalf of the Purchasers to declare, following the occurrence of an Event of Termination, the “Commitment Termination
Date” to have occurred, and to cease the reinvestment of Collections in the purchase of Receivables, under the Receivables Purchase Agreement, or (ii) the Required Lenders or the Bank Agent to demand payment in full of or accelerate the
indebtedness of any Loan Party under the Bank Loan Documents. 
  
 “Enforcement Notice” means a written notice delivered in accordance with Section 2.05 hereof, which notice shall (i) if delivered by the Program Agent, state that the “Commitment Termination Date”
has occurred under the Receivables Purchase Agreement following the occurrence of an Event of Termination, specify the nature of such Event of Termination and announce that an Enforcement Period has commenced and (ii) if delivered by the Bank
Agent, state that an Event of Default or Event of Termination (as defined in the Bank Credit Agreement) has occurred, specify the nature of such event and announce that an Enforcement Period has commenced. 
  

 -3- 

 “Enforcement Period” means the period of time following the receipt by the Bank
Agent or the Program Agent of an Enforcement Notice delivered by the other of them until the earliest of the following: (1) the Purchaser Claim has been paid and satisfied in full in cash, in the case of an Enforcement Notice delivered by the
Program Agent; (2) the Bank Claim has been paid and satisfied in full in cash, in the case of an Enforcement Notice delivered by the Bank Agent; and (3) the parties hereto agree in writing to terminate the Enforcement Period. 

 
 “Event of Default” has the meaning ascribed to
such term in the Bank Credit Agreement. 
  
 “Event of
Termination” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Fee Letter” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Loan Parties” has the meaning ascribed to such term
in the Bank Credit Agreement. 
  
 “Lock-Box
Agreement” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Lock-Box Account” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Lock-Box Bank” has the meaning ascribed to such term
in the Receivables Purchase Agreement. 
  
 “Master
Assignment Agreement” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Obligor” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Parent Undertaking” means an undertaking,
substantially in the form of Exhibit I to the Receivables Purchase Agreement, by the Parent Undertaking Parties in favor of the Program Agent and the other Indemnified Parties (as defined in the Receivables Purchase Agreement), as such undertaking
may from time to time be amended, amended and restated, supplemented or otherwise modified. 
  
 “Person” means an individual, partnership, corporation (including a business trust), joint stock company, limited liability company, trust, unincorporated association, joint venture or other
entity, or a government or any political subdivision of agency thereof. 
  

 -4- 

 “Pledged Seller Stock” means any shares of capital stock or other ownership
interests in the Seller that are pledged for the benefit of the Loan Parties under the U.S. Shared Pledge Agreement, U.S. Bank Pledge Agreement or any other Bank Loan Document. 
  
 “Program Documents” means the Receivables Purchase Agreement, the Master Assignment Agreement, the
Certificate, the Receivables Contribution and Sale Agreement, the Parent Undertaking, the Subordinated Notes, the Lock-Box Agreements, the Consent and Agreement and the Fee Letter. 
  
 “Purchased Property” means (i) the Purchased Receivables and (ii) each Lock-Box Account.

  
 “Purchased Receivables” means now or
hereafter existing Receivables, Related Security and Collections in respect thereof and any other proceeds in respect of Related Security, sold or purported to be sold by the Originators, or any of them, to the Seller under the Receivables
Contribution and Sale Agreement. 
  
 “Purchaser
Claim” means all obligations of the Originators to the Seller and of the Originators and the Seller and, so long as Crown USA or any of its Affiliates is the Servicer, the Servicer to the Program Agent and the Purchasers arising under,
or in connection with, the Program Documents and of the Obligors arising under the Purchased Receivables, including, but not limited to obligations for Collections received, deemed Collections, yield, interest, indemnifications and fees, costs and
expenses thereunder, and any costs of collection or enforcement. 
  
 “Receivable” has the meaning ascribed to such term in the Receivables Purchase Agreement. 
  
 “Records” means all Contracts (as defined in the Receivables Purchase Agreement) and other documents, books, records and other
information (including, without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) maintained with respect to the Receivables and the related Obligors. 
  
 “Related Security” has the meaning ascribed to such
term in the Receivables Purchase Agreement. 
  
 “Required Lenders” has the meaning ascribed to such term in the Bank Credit Agreement. 
  
 “Responsible Officer” of any corporation, partnership or other entity means any officer of such corporation, partnership or other
entity responsible for the administration of the obligations of such corporation, partnership or other entity in respect of this Agreement. 
  

 -5- 

 “Returned Goods” means all right, title and interest of any Originator or the
Seller, as applicable, in and to returned, repossessed or foreclosed goods. 
  
 “Returned Goods Lien” has the meaning ascribed to such term in Section 2.01(a). 
  
 “Secured Parties” has the meaning ascribed to such term in the Security Agreement. 
  
 “Security Agreement” means the U.S. Security
Agreement dated as of the date hereof among the U.S. Loan Parties and the Bank Agent, as amended, supplemented or otherwise modified from time to time. 
  
 “Senior Loan Collateral” means the portion of Bank Collateral that does not constitute Purchased Property. 
  
 “Servicer” means Crown USA and such successor
servicer as is designated by the Program Agent as a replacement servicer under Section 6.01 of the Receivables Purchase Agreement. 
  
 “Subordinated Note” has the meaning ascribed to such term in the Receivables Contribution and Sale Agreement. 
  
 “UCC” means the Uniform Commercial Code as from time
to time in effect in the applicable jurisdiction. 
  
 “Unsold Receivables” means accounts receivable of the Loan Parties other than the Purchased Receivables. 
  
 “U.S. Loan Parties” has the meaning ascribed to such term in the Bank Credit Agreement. 
  
 “U.S. Pledge Agreement” has the meaning ascribed to
such term in the Bank Credit Agreement. 
  
 SECTION 1.02.
References to Terms Defined in the Program Documents and the Bank Loan Documents. Whenever in Section 1.01 a term is defined by reference to the meaning ascribed to such term in any of the Program Documents or the Bank Loan Documents, then,
unless otherwise specified herein, such term shall have the meaning ascribed to such term in the Program Documents or Bank Loan Document, as the case may be, as in existence on the date hereof, without giving effect to any amendments of such term as
may hereafter be agreed to by the parties to such documents, unless such amendments comply with Section 2.16. 
  

 -6- 

 ARTICLE 2 
 INTERCREDITOR PROVISIONS 
  
 SECTION 2.01. Priorities with Respect to Purchased Property. 
  
 (a) Notwithstanding any provision of the UCC or any other applicable law or any of the Bank Loan Documents or the Program Documents, the Bank Agent hereby agrees that, upon the sale or other transfer of an
interest in any Receivable by any of the Originators to the Seller, any lien, claim, encumbrance, security interest or other interest or right acquired by the Bank Agent or any Secured Party in such Receivable and proceeds thereof (other than the
proceeds of such sale or other transfer by the Originators to the Seller) shall automatically and without further action cease and be released and the Bank Agent and the Secured Parties shall have no lien, claim, encumbrance, security interest or
other interest or right therein; provided, however, that nothing in this Section 2.01 shall be deemed to constitute a release by the Bank Agent of: (i) its lien on and security interest in the proceeds received by the Originators from the
Seller or to which the Originators are entitled from the Seller for the sale of the Receivables (including, without limitation, cash payments made by the Seller and any Subordinated Note issued by the Seller in favor of an Originator, each in
connection with such sales); (ii) any lien, claim, encumbrance, security interest or other interest or right the Bank Agent has in any Unsold Receivables and the proceeds thereof, including, without limitation, Collections of Unsold Receivables
and Related Security therefor; (iii) any lien, claim, encumbrance, security interest or other interest or right the Bank Agent may have in any Subordinated Note; and (iv) any lien, claim, encumbrance, security interest or other interest or
right (collectively, a “Returned Goods Lien”) the Bank Agent may have in any Returned Goods. 
  
 (b) All interests of the Purchasers in Returned Goods under the Program Documents shall in all respects be junior and subordinate to any Returned Goods
Lien in such Returned Goods, except that during any period in which an Event of Termination under the Receivables Purchase Agreement shall have occurred and be continuing, such Returned Goods Lien shall be junior and subordinate to all
interests of the Purchasers under the Program Documents in any Returned Goods which have not been commingled with Senior Loan Collateral. As among the Purchasers on the one hand and the Bank Agent on the other hand, all proceeds of any Returned
Goods shall be distributed first to the party whose position is designated as senior in the preceding sentence and second to the party whose position is designated as junior in the preceding sentence. 
  
 (c) The Bank Agent hereby acknowledges that each Subordinated Note is
subordinated to the Purchaser Claim pursuant to the terms of the Program Documents. 
  

 -7- 

 SECTION 2.02. Respective Interests in Purchased Property and Senior Loan Collateral. Except for
all rights of access to and use of Records granted to the Program Agent and the Purchasers pursuant to the Program Documents, the Program Agent agrees that it does not have and shall not have any security interest in, lien upon or interest in the
Senior Loan Collateral. Except as otherwise specified in Section 2.01 above, the Bank Agent agrees that it does not have and shall not have any security interest in, lien upon or interest in the Purchased Property. 
  
 SECTION 2.03. Distribution of Proceeds. At all times, all proceeds of
Senior Loan Collateral and Purchased Property shall be distributed in accordance with the following procedure: 
  
 (a) Except as otherwise provided in Section 2.04 or Section 2.01(b), (i) all proceeds of the Senior Loan Collateral shall
be paid to the Bank Agent for application on the Bank Claim until such Bank Claim has been paid and satisfied in full in cash, and (ii) any remaining proceeds shall be paid to the appropriate Loan Party or as otherwise required by applicable
law. 
  
 (b) Except as otherwise provided in
Section 2.04 or Section 2.01(b), (i) all proceeds of the Purchased Property shall be paid to the Program Agent for application in accordance with the terms of the Receivables Purchase Agreement against the Purchaser Claim until such
Purchaser Claim has been paid and satisfied in full in cash, and (ii) any remaining proceeds shall be paid to the Seller or as otherwise required by applicable law, provided, however, that the Seller and each Originator hereby
agrees that, following notice to the Program Agent that an Event of Default has occurred and is continuing under the Bank Loan Documents, all such remaining proceeds which, pursuant to the Program Documents, are to be paid by the Seller to any
Originator for application against the Company Claim shall be paid directly on behalf of such Originator to the Bank Agent for application against the Bank Claim before being paid to such Originator. 
  
 SECTION 2.04. Lock-Box Accounts. (a) The Program Agent hereby
acknowledges (i) that the Originators will deliver to the Bank Agent each Subordinated Note as security for the Bank Claim and (ii) that, following notice to the Program Agent that an Event of Default has occurred and is continuing under
the Bank Loan Documents, the Bank Agent shall be entitled to Collections of Unsold Receivables which may be deposited in the Lock-Box Accounts. The Program Agent agrees, following such notice, to notify (in such form as is provided by the Bank Agent
and is reasonably acceptable to the Program Agent) the Lock-Box Banks of the Bank Agent’s interest in and to such Lock-Box Accounts, in order to perfect the Bank Agent’s interest in such Lock-Box Accounts. 
  
 (b) The Originators, the Seller, the Program Agent and the Bank Agent hereby
agree that all Collections or other proceeds received on account of Purchased Property shall be paid or delivered to the Program Agent for application in accordance with the terms of the 
  

 -8- 

 Receivables Purchase Agreement against the Purchaser Claim and that, following notice from the Bank Agent that an Event
of Default has occurred and is continuing under the Bank Loan Documents, all Collections or other proceeds received on account of Unsold Receivables shall be paid or delivered to the Bank Agent for application against the Bank Claim until the same
shall have been paid in full in cash. For purposes of determining whether specific Collections have been received on account of Purchased Property or on account of Unsold Receivables, the parties hereto agree as follows: 
  
 (i) All payments made by an Obligor which is obligated to
make payments on Purchased Receivables but is not obligated to make any payments on Unsold Receivables shall be conclusively presumed to be payments on account of Purchased Receivables, and all payments made by an Obligor which is obligated to make
payments on Unsold Receivables but is not obligated to make any payments on Purchased Receivables shall be conclusively presumed to be payments on account of Unsold Receivables. 
  
 (ii) All payments made by an Obligor which is obligated to make payments with respect to both Purchased
Receivables and Unsold Receivables shall be applied against the specific Receivables, if any, which are designated by such Obligor by reference to the applicable invoice as the Receivables with respect to which such payments should be applied. In
the absence of such designation after reasonable efforts by the Originators to obtain such designation, such payments shall be applied against the oldest outstanding Receivables or portion thereof owed by such Obligor to the extent in each case that
such Receivable or portion thereof is not in dispute. 
  
 (c) The
Program Agent agrees that it will not cause the Servicer to be replaced by a successor servicer unless such successor servicer has acknowledged the terms of this Agreement and agreed to be bound hereby. 
  
 SECTION 2.05. Enforcement Actions. (a) Each of the Bank Agent and
the Program Agent agrees to use reasonable efforts to give an Enforcement Notice to the Program Agent and the Bank Agent, respectively, prior to commencement of Enforcement and further agrees that during the period, if any, between the giving of
such Enforcement Notice and the commencement of Enforcement thereunder, the party receiving such notice shall have the right (but not the obligation) to cure the Event of Default or Event of Termination which has occurred under the Bank Loan
Documents or the Program Documents, respectively, and to which such Enforcement Notice relates. Subject to the foregoing, the parties hereto agree that during an Enforcement Period: 
  
 (i) Subject to any applicable restrictions in the Program Documents, the Program Agent may take any action
to liquidate the Purchased Property or to foreclose or realize upon or enforce any of the rights of the Program Agent or the Purchasers with respect to the Purchased Property without the prior written consent of the Bank Agent, any Secured Party or
any other party hereto; provided, however, that with respect to 
  

 -9- 

 Returned Goods the Program Agent shall not take any action to foreclose or realize upon or to enforce any
rights it may have with respect to the Senior Loan Collateral or any Purchased Property constituting Returned Goods in which the Program Agent or the Purchasers then have an interest junior and subordinate to a Returned Goods Lien without the prior
written consent of the Bank Agent, unless the Bank Claim shall have been first paid and satisfied in full in cash. 
  
 (ii) Subject to any applicable restrictions in the Bank Loan Documents and to Section 2.05(b), the Bank Agent may, at its option and
without the prior written consent of the other parties hereto, take any action to accelerate payment of the Bank Claim and to foreclose or realize upon or enforce any of its rights with respect to (A) the Senior Loan Collateral and (B) any
Purchased Property constituting Returned Goods in which the Program Agent or the Purchasers then have an interest junior and subordinate to a Returned Goods Lien; provided, however, that the Bank Agent shall not otherwise take any
action to foreclose or realize upon or to enforce any rights it may have with respect to any of the Purchased Property (other than such Returned Goods) or any Senior Loan Collateral constituting Returned Goods in which a Returned Goods Lien is
junior and subordinate to an interest of the Program Agent or the Purchasers in such Returned Goods without the Program Agent’s prior written consent unless the Purchaser Claim shall have been first paid and satisfied in full and the Bank Agent
shall apply proceeds of any Purchased Property consisting of Returned Goods as provided in Section 2.01(b) above. 
  
 (b) Notwithstanding any provision of the UCC or any other applicable law or any of the Bank Loan Documents, the Bank Agent hereby agrees that it will not
take any action to enforce any of its rights, powers or remedies arising under the U.S. Pledge Agreement with respect to the Pledged Seller Stock until such time as the Purchaser Claim has been paid and satisfied in full in cash. 
  
 SECTION 2.06. Access to and Use of Collateral. The Program Agent and
the Bank Agent hereby agree that, notwithstanding the priorities set forth in this Agreement, the Program Agent and the Bank Agent shall have the following rights of access to and use of the Purchased Property and the Senior Loan Collateral,
respectively: 
  
 (a) Subject to any applicable
restrictions in the Program Documents, the Program Agent may enter one or more premises of any Parent Undertaking Party, any Originator or the Seller, whether leased or owned, at any time during reasonable business hours, without force or process of
law and without obligation to pay rent or compensation to any Parent Undertaking Party, any Originator, the Seller or the Bank Agent, whether before, during or after an Enforcement Period, and may have access to and use of all Records located
thereon and may have access to and use of any other property to which such access and use are granted under the Program Documents, in each case provided that such use is for any purpose permitted under the Program Documents or for the purposes of
enforcing the rights of the Program Agent and the Purchasers with respect to the Purchased Property. 
  

 -10- 

 (b) Subject to any applicable restrictions in the Bank Loan Documents and any
Subordinated Note, the Bank Agent may enter one or more premises of any Parent Undertaking Party or any Originator, whether leased or owned, at any time during reasonable business hours, without force or process of law and without obligation to pay
rent or compensation to any Parent Undertaking Party, any Originator or the Program Agent, whether before, during or after an Enforcement Period, and may have access to and use of all Records located thereon, provided that such use is for any
purpose permitted under the Bank Loan Documents or for the purposes of enforcing the Bank Agent’s rights (i) with respect to the Senior Loan Collateral and (ii) subject to the limits provided in Section 2.01 above, with respect
to the Purchased Property. 
  
 SECTION 2.07. Notice of
Defaults. The Bank Agent agrees to use reasonable efforts to give to the Program Agent copies of any notice sent to any Parent Undertaking Party or any Originator with respect to the occurrence or existence of an Event of Default which continues
for a period of thirty (30) consecutive Business Days without there being in effect a waiver thereof or an agreement forbearing from the exercise of remedies duly executed by the parties required to do so under the applicable Bank Loan
Documents. The Program Agent agrees to use reasonable efforts to give to the Bank Agent copies of any notice sent to any Parent Undertaking Party, any Originator or the Seller with respect to the occurrence or existence of an Event of Termination
which continues for any period of thirty (30) consecutive Business Days without there being in effect a waiver thereof or an agreement forbearing from the exercise of remedies duly executed by the parties required to do so under the applicable
Program Documents. Notwithstanding the foregoing, any failure by any party hereto to give such notice shall not create a cause of action against any party failing to give such notice or create any claim or right on behalf of any third party. In each
of the above cases, the party receiving such notice shall have the right (but not the obligation) to cure the Event of Default or Event of Termination, as the case may be, which gave rise to the sending of such notice. 
  
 SECTION 2.08. Agency for Perfection. The Program Agent and the Bank
Agent hereby appoint each other as agent for purposes of perfecting by possession their respective security interests and ownership interests and liens on the Senior Loan Collateral (which may include the Subordinated Notes) and Purchased Property.
In the event that the Program Agent obtains possession of any of the Senior Loan Collateral (to the extent that the Program Agent has been given written notice that such collateral is Senior Loan Collateral, or a Responsible Officer of the Program
Agent has knowledge that such collateral constitutes Senior Loan Collateral), the Program Agent shall notify the Bank Agent of such fact, shall hold such Senior Loan Collateral in trust and, subject to Section 2.01(b) and
Section 2.03, shall deliver such Senior Loan Collateral to the Bank Agent upon request. In the event that the Bank Agent obtains possession of any of the Purchased Property, the Bank Agent shall notify in writing the Program Agent of such fact,
shall hold such Purchased Property in trust and, subject to Section 2.01(b), shall deliver such Purchased Property to the Program Agent upon request. 
  

 -11- 

 SECTION 2.09. UCC Notices. In the event that any party hereto shall be required by the UCC or any
other applicable law to give notice to the other of intended disposition of Purchased Property or Senior Loan Collateral, respectively, such notice shall be given in accordance with Section 3.01 hereof and ten (10) days’ notice shall
be deemed to be commercially reasonable. 
  
 SECTION 2.10.
Independent Credit Investigations. None of the Program Agent or the Bank Agent or any of their respective directors, officers, agent or employees shall be responsible to the other or to any person, firm or corporation for the solvency or
financial condition of the Parent Undertaking Parties, the Originators, the Seller or any Obligor or the ability of the Parent Undertaking Parties, the Originators, the Seller or any Obligor to repay the Purchaser Claim or the Bank Claim, or for the
worth of the Purchased Property or the Senior Loan Collateral, or for statements of any of the Parent Undertaking Parties, the Originators or the Seller, oral or written, or for the validity, perfection, priority, sufficiency or enforceability of
the Purchaser Claim, the Bank Claim, the Program Documents, the Bank Loan Documents, the Program Agent’s and the Purchaser’s interests in the Purchased Property or the Bank Agent’s interest in the Senior Loan Collateral or any other
collateral. The Bank Agent and the Program Agent have entered into their respective agreements with the Parent Undertaking Parties, the Originators or the Seller, as applicable, based upon their own independent investigations. Neither the Bank Agent
nor the Program Agent makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10. 
  
 SECTION 2.11. Limitation on Liability of Parties to Each Other. Except
as provided in this Agreement, the Bank Agent shall have no liability to the Program Agent, and the Program Agent shall have no liability to the Bank Agent, except in each case for liability arising from the gross negligence or willful misconduct of
such party or its representatives. 
  
 SECTION 2.12.
Marshalling of Assets. Subject to Section 2.05(b), nothing in this Agreement will be deemed to require either the Program Agent or the Bank Agent (i) to proceed against certain property securing any or all of the Bank Claim or the
Purchaser Claim prior to proceeding against other property securing any such Claim or (ii) to marshal the Senior Loan Collateral or the Purchased Property (as applicable) upon the enforcement of the Bank Agent’s or the Program Agent’s
rights or remedies under the Bank Loan Documents or Program Documents, as applicable. 
  
 SECTION 2.13. Relative Rights of Purchasers and Secured Parties as Among Themselves. The relative rights of the Purchasers, each as against the other, with respect to the exercise of the rights and the receipt
of the benefits granted by and to the Program Agent hereunder shall be determined by mutual agreement among such parties in accordance with the 
  

 -12- 

 terms of the Program Documents. Each of the parties hereto (other than the Program Agent) shall be entitled to rely on
the power and authority of the Program Agent to act on behalf of all of the Purchasers. The relative rights of the Secured Parties, each as against the other, with respect to the exercise of the rights and the receipt of the benefits granted by and
to the Bank Agent shall be determined by mutual agreement among the parties in accordance with the terms of the Bank Loan Documents. Each of the parties hereto (other than the Bank Agent) shall be entitled to rely conclusively on the power and
authority of the Bank Agent to act on behalf of all of the Secured Parties. 
  
 SECTION 2.14. Effect upon Bank Loan Documents and Program Documents. By executing this Agreement, the Parent Undertaking Parties, the Originators and the Seller agree to be bound by the provisions hereof
(i) as they relate to the relative rights of the Bank Agent with respect to the property of the Parent Undertaking Parties and the Originators and (ii) as they relate to the relative rights of the Originators and the Program Agent as
creditors of the Seller. Each of the Originators and the Seller acknowledges that the provisions of this Agreement shall not give the Parent Undertaking Parties, the Originators or the Seller any substantive rights as against any other Person and
that nothing in this Agreement shall amend, modify, change or supersede the terms of (x) the Bank Loan Documents as between the Loan Parties, the Bank Agent and the Secured Parties or (y) the Program Documents as among the Parent
Undertaking Parties, the Originators, the Seller, the Purchasers, the Program Agent and the Lock-Box Banks. The Bank Agent hereby approves in form and substance the terms of the Program Documents (including as the same may be amended or amended and
restated substantially in accordance with draft documents provided to the Bank Agent on or prior to the date hereof) and the transactions contemplated thereby and hereby consents to the execution, delivery and performance by each Parent Undertaking
Party, each Originator and the Seller of such Program Documents (including as so amended or amended and restated). Notwithstanding the foregoing, the Bank Agent, on the one hand, and the Program Agent, on the other hand agree, that, as between
themselves, to the extent the terms and provisions of the Bank Loan Documents or the Program Documents are inconsistent with the terms and provisions of this Agreement, the terms and provisions of this Agreement shall control. 
  
 SECTION 2.15. Accountings. To the extent not provided by the Parent
Undertaking Parties or the Originators, (a) the Bank Agent agrees to render accounts of the Bank Claim to the Program Agent upon request, including but not limited to giving effect to the application of proceeds of any collateral as
hereinbefore provided, and (b) the Program Agent agrees to render statements to the Bank Agent upon request, which statements shall identify in reasonable detail the Purchased Receivables and shall render an account of the Purchaser Claim,
giving effect to the application of proceeds of Purchased Property as hereinbefore provided. 
  
 SECTION 2.16. Further Assurances. Each of the parties hereto agrees (i) to take such actions as may be reasonably requested by any other party, whether before, during or after an Enforcement Period, in
order to effect the rules of distribution and allocation set forth above in this Article 2 and (ii) not to amend the Bank Loan Documents or the Program Documents, as applicable, in any manner which would materially alter such rules of
distribution and allocation set forth herein. 
  

 -13- 

 ARTICLE 3 
 MISCELLANEOUS 
  
 SECTION 3.01.
Notices. All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing (including telex and facsimile communication) and shall be personally delivered or sent by certified mail, postage
prepaid, or overnight courier or facsimile, to the intended party at the address or facsimile number of such party set forth below or at such other address or facsimile number as shall be designated by such party in a written notice to the other
parties hereto. All such notices and communications shall be effective (a) if personally delivered, when received, (b) if sent by certified mail, four Business Days after having been deposited in the mail, postage prepaid, (c) if sent
by overnight courier, two Business Days after having been given to such courier, unless sooner received by the addressee and (d) if transmitted by facsimile, when sent, upon receipt confirmed by telephone or electronic means. Notices and
communications sent hereunder on a day that is not a Business Day shall be deemed to have been sent on the following Business Day. 
  

			
	 If to the Program Agent:

		
	 	 	             Citibank, N.A.

	 	 	             388 Greenwich Street, 19th Floor

	 	 	             New York, New York 10013

	 	 	             Attention: Miles D. McManus

	 	 	             Telephone No.: (212) 816-2372

	 	 	             Telecopier No.: (212) 816-2613

	
	 If to the Seller:

		
	 	 	             Crown Cork & Seal Receivables (DE)
Corporation

	 	 	             919 Market Street

	 	 	             Wilmington, DE 19801

	 	 	             Attention: Michael B. Burns, Vice President and
Treasurer

	 	 	             Telephone No.: (215) 698-5036

	 	 	             Telecopier No.: (215) 676-6011

  

 -14- 

			
	 	  	If to any Originator, addressed to such Person at:
		
	 	  	            c/o Crown Cork & Seal USA, Inc.
	 	  	            One Crown Way
	 	  	            Philadelphia, PA 19154
	 	  	            Attention: Michael B. Burns, Vice President and Treasurer
	 	  	            Telephone No.: (215) 698-5036
	 	  	            Telecopier No.: (215) 676-6011
	
	If to any Parent Undertaking Party, addressed to such Person at:
		
	 	  	            c/o Crown Holdings, Inc.
	 	  	            One Crown Way
	 	  	            Philadelphia, PA 19154
	 	  	            Attention: Michael B. Burns, Vice President and Treasurer
	 	  	            Telephone No.: (215) 698-5036
	 	  	            Telecopier No.: (215) 676-6011
	
	If to the Bank Agent:
		
	 	  	            Deutsche Bank AG New York Branch
	 	  	            90 Hudson Street, 5th Fl.
	 	  	            Jersey City, NJ 07302
		
	 	  	            and
		
	 	  	            The Bank Of Nova Scotia
	 	  	            222 Bay Street, Suite 1100
	 	  	            P.O. Box 64
	 	  	            Toronto, Ontario MSK1H6
	 	  	            Canada

  
 Except as otherwise expressly required
by this Agreement, no notice shall be required to be given to any Secured Party under any Bank Loan Document, other than to Bank Agent. 
  
 SECTION 3.02. Agreement Absolute. The Program Agent and the Purchasers shall be deemed to have entered into the Program Documents in express
reliance upon this Agreement. The Bank Agent and the Secured Parties shall be deemed to have entered into the Bank Loan Documents in express reliance upon this Agreement. This Agreement shall be and remain absolute and unconditional under any and
all circumstances, and no acts or omissions on the part of any other party to this Agreement shall affect or impair the agreement of any party to this Agreement, unless otherwise agreed to in writing by all of the parties hereto. This Agreement
shall be applicable both before and after the filing of any petition by or against any 
  

 -15- 

 Parent Undertaking Party, any Originator or the Seller under the Bankruptcy Code and all references herein to any Parent
Undertaking Party, any Originator or the Seller shall be deemed to apply to a debtor-in-possession for such party and all allocations of payments among the parties hereto shall, subject to any court order to the contrary, continue to be made after
the filing of such petition on the same basis that the payments were to be applied prior to the date of the petition. 
  
 SECTION 3.03. Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of each of the parties hereto and their
respective successors and assigns. The successors and assigns for the Parent Undertaking Parties, the Originators and the Seller shall include a debtor-in-possession or trustee of or for such party. The successors and assigns for the Bank Agent or
the Program Agent, as the case may be, shall include any successor Bank Agent or Program Agent, as the case may be, appointed under the terms of the Bank Loan Documents or the Program Documents, as applicable. Each of the Bank Agent and the Program
Agent, as the case may be, agrees not to transfer any interest it may have in the Bank Loan Documents or the Program Documents, as the case may be, unless such transferee has been notified of the existence of this Agreement and has agreed to be
bound hereby. 
  
 SECTION 3.04. Third-Party Beneficiaries.
The terms and provisions of this Agreement shall be for the sole benefit of the parties hereto, the Purchasers and the Secured Parties and their respective successors and assigns and no other Person shall have any right, benefit or priority by
reason of this Agreement. 
  
 SECTION 3.05. Amendments,
Etc. No amendment or waiver of any provision of this Agreement shall in any event be effective unless the same shall be in writing and signed by all the parties hereto, and any such amendment or waiver shall be effective only in the specific
instance and for the specific purpose for which given. 
  
 SECTION
3.06. Section Titles. The article and section headings contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. 
  
 SECTION 3.07. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or thereof or affecting the validity or
enforceability of such provision in any other jurisdiction. 
  
 SECTION 3.08. Execution in Counterparts. This Agreement 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 when taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Agreement by telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

  

 -16- 

 SECTION 3.09. Governing Law. THIS AGREEMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES
HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 3.10. Submission to Jurisdiction. (i) Each of the parties hereto 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 any of the Bank Loan Documents or Program Documents to which it is a party, 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 any such New York State court 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 or any of the Bank Loan Documents or Program Documents shall affect any right that any party may
otherwise have to bring any action or proceeding relating to this Agreement or any Bank Loan Documents or Program Documents to which it is a party in the courts of any jurisdiction. 
  
 (ii) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively
do so, any objection that 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 or any of the Bank Loan Documents or Program Documents to which it is a party in any New
York State or federal court. 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. 
  
 SECTION 3.11. Consent to Service of Process. Each party to this
Agreement irrevocably consents to service of process by personal delivery, certified mail, postage prepaid or overnight courier. 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 3.12. Waiver of Jury Trial.
Each party to this Agreement waives any right to a trial by jury in any action or proceeding to enforce or defend any rights under or relating to this Agreement or any amendment, instrument, document or agreement delivered or which may in the future
be delivered in connection herewith or therewith or arising from any course of conduct, course of dealing, statements (whether oral or written), actions of any of the parties hereto or any other relationship existing in connection with this
Agreement, and agrees that any such action or proceeding shall be tried before a court and not before a jury. 
  
 *                        *              
          * 
  

 -17- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  
 PROGRAM AGENT: 
  

			
	 CITIBANK, N.A.

		
	 By:
	 	 /s/ Miles D. McManus

	 	 	 Miles D. McManus

	 	 	 Vice President and Director

  
 Signature
Page 
 to 
 Intercreditor Agreement 

							
	CROWN HOLDINGS, INC.	 	CROWN INTERNATIONAL HOLDINGS, INC.
				
	 By:
	 	 /s/John W. Conway

	 	By:	 	 /s/ John W. Conway

	Name:	 	John W. Conway	 	Name:	 	John W. Conway
	Title:	 	President & CEO	 	Title:	 	President & CEO
		
	CROWN CORK & SEAL COMPANY, INC.	 	 CROWN CORK & SEAL RECEIVABLES
 (DE)
CORPORATION

				
	 By:
	 	 /s/ Alan W. Rutherford

	 	By:	 	 /s/Alan W. Rutherford

	Name:	 	Alan W. Rutherford	 	Name:	 	Alan W. Rutherford
				
	Title:	 	Vice President & CFO	 	Title:	 	Vice President & CFO
		
	 CROWN CORK & SEAL USA, INC.
 (formerly known as Crown Cork & Seal
 Company (USA), Inc.)
	 	 CROWN RISDON USA, Inc.
 (formerly known as
Risdon-AMS (USA), Inc.)

				
	 By:
	 	 /s/ Patrick D. Szmyt

	 	By:	 	 /s/ Patrick D. Szmyt

	Name:	 	Patrick D. Szmyt	 	Name:	 	Patrick D. Szmyt
	Title:	 	Sr. Vice President & CFO	 	Title:	 	Sr. Vice President & CFO
			
	 CROWN METAL PACKAGING CANADA
 LP, by its
general partner CROWN METAL
 PACKAGING CANADA INC.
	 	 	 	 
				
	By:	 	 /s/ Michael B. Burns

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

  
 Signature Page

 to 
 Intercreditor
Agreement 

 BANK AGENT: 

			
	
	 DEUTSCHE BANK AG NEW YORK BRANCH,
 as a Bank Agent

		
	 By:
	 	 /s/ Lana Gifas

		
	 Name:
	 	 Lana Gifas

		
	 Title:
	 	 Vice President

	
	 THE BANK OF NOVA SCOTIA,
 as a Bank Agent

		
	 By:
	 	 /s/ Omayra Laucella

		
	 Name:
	 	 Omayra Laucella

		
	 Title:
	 	 Vice President

  
 Signature
Page 
 to 
 Intercreditor Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00094-of-00352.parquet"}]]