SIG ASSET HOLDINGS LIMITED as Pledgor and WILMINGTON TRUST (LONDON) LIMITED as Collateral Agent and OTHERS CONFIRMATION AND AMENDMENT AGREEMENT (Bestätigungs- und Änderungsvertrag) relating to an account pledge agreement entered in connection with a...

EXHIBIT 4.198

SIG ASSET HOLDINGS LIMITED

as Pledgor

and

WILMINGTON TRUST (LONDON) LIMITED

as Collateral Agent

and

OTHERS

CONFIRMATION AND AMENDMENT AGREEMENT

(Bestätigungs- und Änderungsvertrag)
relating to an account pledge agreement entered in connection with a
USD 1,155,000,000 and EUR 330,000,000 multi-currency term and
revolving credit agreement dated 5 November 2009 and a senior
secured note indenture in respect of senior secured notes due 2016 in
the aggregate principal amount of USD 1,125,000,000 dated 5
November 2009

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 Credit Document (as defined in Clause 1 of this 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 Credit 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 Credit 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 Credit Document to an Austrian addressee.

Contents


Clause	Page
1. Definitions and Language		4
2. Confirmation and Amendments		4
3. Continuity and further Assurance		6
4. Notice of the Account Pledge		7
5. Partial Invalidity		9
6. Amendments		9
7. Applicable law; Jurisdiction		9
Schedule 1 List of Financial Institutions		10
Schedule 2 List of Current Borrowers, Current Guarantors, Current Senior Secured Note Guarantors		31
Part 1 The Current Borrowers		31
Part 2 The Current Guarantors		31
Part 3 The Current Senior Secured Note Guarantors		34
Schedule 3 Form of Notice		38
Part 1 Form of Notice for Existing Bank Accounts		38
Part 2 Form of Notice for New Bank Accounts		42
Signature Page		48

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This CONFIRMATION AND AMENDMENT AGREEMENT (the “Agreement”) is made on 4 May 2010

BETWEEN:

(1)		SIG ASSET HOLDINGS LIMITED, a non-cellular company limited by shares, incorporated in Guernsey with registered number 28883 and whose registered office is, at the date of this Agreement at Heritage Hall, ▇▇ ▇▇▇▇▇▇▇▇ Street, St ▇▇▇▇▇ Port, Guernsey GY1 4EL (the “Pledgor”);

(2)		WILMINGTON TRUST (LONDON) LIMITED, a private limited company whose registered number is 05650152 and whose registered office address as at the date of this Agreement is at Fifth Floor, ▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, in its capacity as collateral agent under the First Lien Intercreditor Agreement (as defined below) (the “Collateral Agent”); and

(3)		the institutions, listed in Schedule 1 (List of financial institutions) hereto in their capacity as lenders, issuing banks, hedge counterparties, administrative agent, local facility providers, cash management banks under the Amended Credit Agreement (as defined below) and indenture trustee under the Senior Secured Note Indenture (as defined below);

the parties named in (2) and (3) are hereinafter referred to as the “Current Pledgees”.

WHEREAS:

(A)		Pursuant to a USD 1,155,000,000 and EUR 330,000,000 multi-currency term and revolving credit agreement dated 5 November 2009 (as amended by an amendment agreement dated 21 January 2010) between, inter alia, the parties listed in Part 1 of Schedule 2 hereto as current borrowers (the “Current Borrowers”), the parties listed in Part 2 of 0Schedule 2 hereto as current guarantors (the “Current Guarantors”), Credit Suisse AG, Cayman Island branch (formerly Credit Suisse, Cayman Island branch) as administrative agent and others (the “Original Credit Agreement”), certain lenders (together the “Original Lenders”) have granted certain facilities to the Current Borrowers and certain other entities which may accede to the Original Credit Agreement as additional borrowers.

(B)		Pursuant to a senior secured note indenture dated 5 November 2009 between, inter alia, ▇▇▇▇▇▇▇▇ Group Issuer LLC, ▇▇▇▇▇▇▇▇ Group Issuer Inc., and ▇▇▇▇▇▇▇▇ Group Issuer (Luxembourg) S.A as issuers (the “Issuers”), certain affiliates of the Issuers listed in Part 3 of Schedule 2 as current senior secured note guarantors (the “Current Senior Secured Note Guarantors”) and The Bank of New York Mellon, as indenture trustee, principal paying agent, transfer agent, collateral agent and registrar, (as amended, varied, novated,

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supplemented, superseded or extended from time to time, the “Senior Secured Note Indenture”), the Issuers have issued senior secured notes due 2016 in the aggregate principal amount of USD 1,125,000,000 (the “US Secured Notes”) and senior secured notes due 2016 in the aggregate principal amount of EUR 450,000,000 (the “Euro Secured Notes” and together with the US Secured Notes the “Senior Secured Notes”) to certain noteholders.

(C)		Pursuant to the Original Credit Agreement and the Senior Secured Note Indenture the Pledgor has entered into the Account Pledge Agreement (as defined below).

(D)		Pursuant to an amendment No. 2 and incremental term loan assumption agreement relating to the Original Credit Agreement dated on or about the date of this Agreement between, inter alia, the Current Borrowers, the Current Guarantors, Credit Suisse AG, Cayman Island branch (formerly Credit Suisse, Cayman Island branch) as administrative agent and others (the “Amendment No. 2 and Incremental Term Loan Assumption Agreement”) the Original Credit Agreement has been amended (the “Amended Credit Agreement”) to, inter alia, increase the incremental term facilities from an amount of USD 400,000,000 to an amount of USD 1,550,000,000 (of which USD 800,000,000 were committed by certain incremental term lenders), extend the final maturity of the U.S. term loans made available thereunder to 5 May 2016 and to adjust the repayment schedule for the U.S. term loans (the “Amendments”).

(E)		It has been agreed in the Account Pledge Agreement (as defined below) that any reference in such Account Pledge Agreement (as defined below) to the “Credit Agreement” is a reference to the Original Credit Agreement as amended, varied, novated, supplemented, superseded or extended from time to time, including pursuant to the Amendment No.2 and Incremental Term Loan Assumption Agreement.

(F)		By executing the First Lien Intercreditor Agreement or an assignment and acceptance or additional bank secured party acknowledgement relating to the Original Credit Agreement Agreement each of the parties set out in Schedule 1 hereto has ratified and confirmed the declarations of the Collateral Agent made pursuant to clause 2.3 of the Account Pledge Agreement (as defined below). The Pledgor and the Current Pledgees confirm that thereby the parties listed in Schedule 1 hereto have become Pledgees (as defined in the relevant Account Pledge Agreement) under the Account Pledge Agreement (as defined below).

NOW IT IS HEREBY AGREED as follows:

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1.		DEFINITIONS AND LANGUAGE

1.1		Definitions

		In this Agreement:

		“Amended Security Agreement” means the Account Pledge Agreement as amended by this Agreement.

		“Account Pledge Agreement” means the account pledge agreement dated 3 February 2010 entered into between SIG Asset Holdings Limited as pledgor Wilmington Trust (London) Limited as Collateral Agent and as pledgee and others as pledgees.

1.2		Construction

1.2.1		Any reference in this Agreement to a “Clause”, a “sub-Clause” or a “Schedule” shall, subject to any contrary indication, be construed as a reference to a Clause, a sub-Clause or a Schedule in this Agreement.

1.3		This Agreement is made in the English language. For the avoidance of doubt, the English language version of this Agreement shall prevail over any translation of this Agreement. However, where a German translation of a word or phrase appears in the text of this Agreement, the German translation of such word or phrase shall prevail.

1.4		This Agreement amends the Account Pledge Agreement on the terms set forth herein, and, for the purposes of interpretation, is hereby incorporated into the Account Pledge Agreement as of the date hereof and shall form a part thereof.

1.5		In this Agreement capitalised terms not otherwise defined herein shall have the meaning attributed thereto (including in the recitals) in the Account Pledge Agreement.

2.		CONFIRMATION AND AMENDMENTS

2.1		The Collateral Agent, the other Current Pledgees and the Pledgor hereby agree that

	(a)		recital (A) of the Account Pledge Agreement shall be amended by replacing it in its entirety with the following wording:

			“(A) Pursuant to a USD 1,155,000,000 and EUR 330,000,000 multi-currency term and revolving credit agreement dated 5 November 2009 (as amended by an amendment agreement dated 21 January 2010 and by the Amendment No. 2 and Incremental Assumption Agreement (as defined below)) between, inter alia, the parties listed in Part 1 of Schedule 2 hereto as current borrowers (the “Current

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Borrowers”), the parties listed in Part 2 of Schedule 2 hereto as current guarantors (the “Current Guarantors”), Credit Suisse AG, Cayman Island branch (formerly Credit Suisse, Cayman Island branch) Credit Suisse AG, Cayman Island branch as administrative agent and others (as amended, varied, novated, supplemented, superseded or extended from time to time, the “Credit Agreement”), certain lenders (together the “Current Lenders”) have granted certain facilities to the Current Borrowers and certain other entities which may accede or may have acceded to the Credit Agreement as additional borrowers.”

(b)

Clause 1.1 of the Account Pledge Agreement shall be amended by

	(i)		inserting the following new definitions at the appropriate place within the alphabetical order with the following wording:

			““Amendment No.1 and Joinder Agreement” means the joinder agreement dated 21 January 2010 made among (amongst others) the Collateral Agent, The Bank of New York Mellon, Credit Suisse AG and ▇▇▇▇▇▇▇▇ Group Holdings Limited pursuant to which the Collateral Agent was appointed as additional collateral agent and became a party to the First Lien Intercreditor Agreement.”; and

			““Amendment No. 2 and Incremental Assumption Agreement” means the amendment and incremental assumption agreement dated on or about 4 May 2010 relating to the Credit Agreement between, inter alia, the Borrowers and the guarantors under the Credit Agreement as of such date, the Administrative Agent and others pursuant to which the Credit Agreement is amended to, inter alia, increase the incremental term facilities from an amount of USD 400,000,000 to an amount of USD 1,550,000,000 (of which USD 800,000,000 were committed by certain incremental term lenders), extend the final maturity of the U.S. term loans made available thereunder to 5 May 2016 and to adjust the repayment schedule for the U.S. term loans.”;

	(ii)		replacing the number “400,000,000” with the number “1,550,000,000” in the definition of “Incremental Assumption Agreement” in each Account Pledge Agreement;

	(iii)		adding the words “(including any Incremental Revolving Credit Lender and any Incremental Term Lender)” after the words “in the future” in the definition of “Lender” in each Account Pledge Agreement;

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	(iv)		adding the words “the Amendment No. 2 and Incremental Assumption Agreement,” after the first instance of the words “Credit Agreement, “ in the definition of “Loan Documents” in each Account Pledge Agreement; and

	(v)		replacing the words “together with all costs” with the words “including with respect to all costs” in the definition of “Obligations” in the Account Pledge Agreement.

2.2		The Collateral Agent, the other Current Pledgees and the Pledgor hereby agree that any reference in the Account Pledge Agreement to the term “Obligations” shall be read and construed as reference to the Obligations as amended by this Agreement.

2.3		The Collateral Agent, the other Current Pledgees and the Pledgor hereby agree that the Account Pledge Agreement shall continue to secure the Obligations as amended by this Agreement.

2.4		The Collateral Agent, the other Current Pledgees and the Pledgor hereby confirm, in respect of the Account Pledge Agreement, that any reference therein to the term “Credit Agreement” shall be read and construed as a reference to the Original Credit Agreement as amended, varied, novated, supplemented, superseded or extended from time to time, including pursuant to the Amendment No.2 and Incremental Assumption Agreement.

2.5		The Collateral Agent, the other Current Pledgees and the Pledgor confirm that the obligations secured under the Account Pledge Agreement shall include the prompt and complete satisfaction of any and all Obligations (as defined in the Amended Security Agreement) (present and future, actual and contingent) which are (or are expressed to be) or become owing by the Grantors (or any of them) to the Secured Parties (or any of them) under or in connection with the Amended Credit Agreement and the other Credit Documents (as such term is defined in the Amended Security Agreement in accordance with Clause 2.1 above) (including, but not limited to, the Amendments).

3.		CONTINUITY AND FURTHER ASSURANCE

3.1		The Collateral Agent, the other Current Pledgees and the Pledgor confirm and agree that (i) save as amended by this Agreement, all provisions of the Account Pledge Agreement shall remain unchanged, (ii) the validity and effectiveness of the provisions of the Account Pledge Agreement shall remain unaffected by this Agreement, to the extent not amended by this Agreement (iii) the validity and effectiveness of the security interests created under the Account Pledge Agreement shall not be affected by this Agreement; and (iv) such security interests shall continue to secure the Obligations (as defined in the Amended Security Agreement).

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3.2		The Pledgor shall, at the reasonable request of the Collateral Agent and at the Pledgor’s expense, do all such acts and things necessary or desirable to give effect to the amendments effected or to be effected pursuant to this Agreement.

3.3		In the event that German law requires, as a result of the increase of the incremental term facilities from an amount of USD 400,000,000 to an amount of USD 1,550,000,000 or otherwise, that new rights of pledge be granted in relation to the Accounts (as defined in the Account Pledge Agreement) in order to effectively secure the Obligations (as defined in the Account Pledge Agreement and as confirmed and amended by this Agreement), the Pledgor and the Current Pledgees agree that this Agreement shall be construed as the grant of such new rights of pledge and the Pledgor hereby pledges to each of the Current Pledgees and the Future Pledgees (as defined in the Account Pledge Agreement) the Accounts (as defined in the Account Pledge Agreement) pursuant to the terms and conditions (as these are confirmed and amended pursuant to this Agreement) of the Account Pledge Agreement to which it is a party and each Current Pledgee hereby accepts such pledge for itself in accordance with and subject to the terms and conditions of the Account Pledge Agreement and, in the case of the Collateral Agent, also as representative without power of attorney (Vertreter ohne Vertretungsmacht) for and on behalf of each Future Pledgee (as defined in the Account Pledge Agreement) in accordance with clause 2.3 thereof.

3.4		The Collateral Agent, the other Current Pledgees and the Pledgor agree that this Agreement shall constitute a “Security Document” for the purposes of the First Lien Intercreditor Agreement (and for no other purpose) and that each of the rights, privileges, immunities, indemnities, protections and benefits of the Collateral Agent set forth in the Amended Security Agreement are hereby incorporated by reference.

4.		NOTICE OF THE ACCOUNT PLEDGE

4.1		Subject to Clause 4.3 below the Pledgor undertakes that it will without undue delay, but not later than within twenty business days after the date of this Agreement, and, in relation to any Account (as defined in the Account Pledge Agreement) opened after the date of this Agreement, within ten business days after such new Account has been opened, notify each Account Bank (as defined in the Account Pledge Agreement) and any other relevant third party of the pledges by delivering a notification (i) substantially in the form set out in Part 1 of Schedule 3 (Form of Notice for Existing Bank Accounts) in case of Accounts existing at the date of this Agreement and (ii) substantially in the form set out in Part 2 of Schedule 3 (Form of Notice for New Bank Accounts) for any Account (as defined in the Account Pledge Agreement) opened after the date of this Agreement, in each case by registered mail (Einschreiben mit Rückschein). The Pledgor shall provide the Collateral Agent with a copy of each such notification and of the corresponding return receipt (Rückschein). In addition,

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the Pledgor shall use all reasonable efforts to procure that each Account Bank (as defined in the Account Pledge Agreement) promptly acknowledges receipt of the respective notification, and acceptance of the terms thereof, to the Collateral Agent (acting for and on behalf of the Pledgees (as defined in the Account Pledge Agreement)) and to the Pledgor.

For the avoidance of doubt, Schedule 3 (Form of Notice of Pledge) of the Account Pledge Agreement is hereby replaced by the Part 1 of Schedule 3 (Form of Notice for Existing Bank Accounts) and Part 2 of Schedule 3 (Form of Notice for New Bank Accounts) of this Agreement.

4.2		Without prejudice to the obligations imposed on the Pledgor in Clause 4.1 the Pledgor hereby authorises the Collateral Agent and releases it for this purpose from the restrictions of self-dealing under Section 181 of the German Civil Code to notify each Account Bank (as defined in the Account Pledge Agreement) and any other relevant third party on its behalf of this Agreement and the pledges constituted hereunder by delivering a notification substantially in the forms set out in Schedule 3 (Form of Notice of Pledge), or in such substantially similar form as the Collateral Agent (acting for and on behalf of the Pledgees (as defined in the Account Pledge Agreement)) deems appropriate, provided that the Collateral Agent may only make use of this authorisation if the Pledgor has not complied with the obligations imposed on the Pledgor in Clause 4.1 within 10 business days of being notified of such failure (with a copy of such notice being sent to ▇▇▇▇▇▇▇▇ Group Holdings Limited) and being requested to comply or if an Enforcement Event (as defined in the Account Pledge Agreement) has occurred and is continuing.

4.3		The Pledgor shall not be under an obligation to comply with its obligation under Clause 4.1 above whilst an Enforcement Event (as defined in the Account Pledge Agreement) is not continuing if the Pledgor can prove to the Collateral Agent (acting on behalf of the Pledgees (as defined in the Account Pledge Agreement)) that notifying the relevant Account Bank of the pledges created hereunder would not be consistent with, whilst an Enforcement Event (as defined in the Account Pledge Agreement) is not continuing, the Pledgor retaining control over and the ability to freely use the balance of any such Account (as defined in the Account Pledge Agreement). The Collateral Agent will take instructions in accordance with the First Lien Intercreditor Agreement (as defined in the Account Pledge Agreement) whether or not to agree with the Pledgor’s analysis. For the avoidance of doubt, at the date of this Agreement the Pledgor agrees in relation to itself that notifying the Account Banks (as defined in the Account Pledge Agreement) of the pledges created hereunder is not inconsistent with the Pledgor retaining control over and the ability to freely use the balance of any Account (as defined in the relevant Account Pledge Agreement) existing at the date of this Agreement.

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5.		PARTIAL INVALIDITY

		If at any time, any one or more of the provisions hereof is or becomes invalid, illegal or unenforceable in any respect under the law of any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent necessary without affecting or impairing the validity, legality and enforceability of the remaining provisions hereof or of such provisions in any other jurisdiction. The invalid, illegal, or unenforceable provision shall be deemed replaced with a valid, legal or enforceable provision which comes as close as possible to the original intent of the parties and the invalid, illegal or unenforceable provision. Should a gap (Regelungslücke) become evident in this Agreement, such gap shall, without affecting or impairing the validity, legality and enforceability of the remaining provisions hereof, be deemed to be filled with such provision as comes as close as possible to the original intent of the parties.

6.		AMENDMENTS

		Changes and amendments to this Agreement including this Clause 6 shall be made in writing except where notarisation is required.

7.		APPLICABLE LAW; JURISDICTION

7.1		This Agreement is governed by the laws of the Federal Republic of Germany.

7.2		The place of jurisdiction for any and all disputes arising under or in connection with this Agreement shall be the district court (Landgericht) in Frankfurt am Main. The Collateral Agent and the Pledgees (as defined in the Account Pledge Agreement), however, shall also be entitled to take action against the Pledgor in any other court of competent jurisdiction. Further, the taking of proceedings against the Pledgor in any one or more jurisdictions shall not preclude the taking of proceedings in any other jurisdiction (whether concurrently or not) if and to the extent permitted by applicable law.

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SCHEDULE 1
LIST OF FINANCIAL INSTITUTIONS

1776 CLO I, Ltd.

280 Funding I

ABS Loans 2007 Limited

ACE Tempest Life Reinsurance Limited

ACE Tempest Reinsurance Ltd.

Adfam Investment Company LLC

AIG Bank Loan Fund Ltd.

AIM Floating Rate Fund

Alpstar CLO I Public Ltd.

Altenberg Funding

American Hallmark Insurance Co of TX

AMMC CLO IV, Limited

AMMC CLO V, Limited

AMMC VII, Limited

Anchorage Crossover Credit Finance, Ltd.

Apostle ▇▇▇▇▇▇ ▇▇▇▇▇▇ Credit Opportunities Fund

Apostle ▇▇▇▇▇▇ ▇▇▇▇▇▇ Senior Loan Fund

Ares Enhanced Credit Opportunities Fund Ltd.

Ares Enhanced Loan Investment Strategy II, Ltd.

Ares Enhanced Loan Investment Strategy III, Ltd.

Ares Enhanced Loan Investment Strategy IR Ltd.

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Ares European CLO II B.V.

Ares IIIR/IVR CLO Ltd.

Ares IIR CLO Ltd.

Ares Institutional Loan Fund B.V.

Ares Strategic Investment Partners Europe B.V.

Ares VIR CLO Ltd.

Ares VR CLO Ltd.

Ares X CLO Ltd.

Ares XI CLO Ltd.

Ares XII CLO Ltd.

Ariel Reinsurance Company Ltd.

Atrium III

Atrium IV

Australia and New Zealand Banking Group Limited

Avalon Capital Ltd. 3

Avoca CLO III PLC

Avoca CLO IX Ltd.

Babson Capital Loan Partners I ▇▇

▇▇▇▇▇▇ CLO Ltd. 2004-I

Babson CLO Ltd. 2004-II

Babson CLO Ltd. 2005-I

Babson CLO Ltd. 2005-III

Babson CLO Ltd. 2006-I

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Babson CLO Ltd. 2006-II

Babson CLO Ltd. 2007-I

Babson CLO Ltd. 2008-II

Babson Loan Opportunity CLO, Ltd.

Banco Nacional De Mexico, S.A., Integrante Del Grupo Financiero Banamex

Bank of America, N.A., Canada Branch

The Bank of new York Mellon

Barclays Bank PLC

Battalion CLO 2007-I, Ltd.

Beach Point Loan Master Fund, LP

Belhurst CLO Ltd.

▇▇▇▇ Atlantic Master Trust

▇▇▇▇ & ▇▇▇▇▇▇▇ ▇▇▇▇▇ Foundation

BlackRock Debt Strategies Fund, Inc.

BlackRock Defined Opportunity Credit Trust

BlackRock Diversified Income Strategies Fund II, Inc.

BlackRock Diversified Income Strategies Fund, Inc.

BlackRock Floating Rate Income Strategies Fund II, Inc.

BlackRock Floating Rate Income Trust

BlackRock Global Investment Series: Income Strategies Portfolio

BlackRock Senior Floating Rate Portfolio

BlackRock Senior High Income Fund, Inc.

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BlackRock Senior Income Series

BlackRock Senior Income Series II

BlackRock Senior Income Series IV

BlackRock Senior Income Series V Limited

Blackstone Special Funding (Ireland)

BLT 18 LLC

BLT 2009 -1 Ltd.

Blue Shield of California

Bluebay COF Loan Investments S.A.

Bluebay High Income Loan Investments (Luxembourg) S.A.

Board of Pensions of the Evangelical Lutheran Church in America

Boeing Co. Employees Retirement Plans Master Trust

BOS International (Australia) Ltd.

Brentwood CLO, Ltd.

Bridgeport CLO II Ltd.

Bridgeport CLO Ltd.

Brigade Credit Fund II, Ltd.

▇▇▇▇▇ University

California Public Employees’ Retirement System

Carlyle Credit Partners Financing I

Carlyle High Yield Partners IX, Ltd.

Carlyle High Yield Partners VI Ltd.

Carlyle High Yield Partners VII Ltd.

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Carlyle High Yield Partners VIII, Ltd.

Carlyle High Yield Partners X, Ltd.

Castle Garden Funding

Cent CDO 10 Limited

Cent CDO 12 Limited

Cent CDO 14 Limited

Cent CDO 15 Limited

Cent CDO XI Limited

Centaurus Loan Trust

Centurion CDO 8 Limited

Centurion CDO 9 Limited

Centurion CDO VII Limited

CFS Global Corporate Debt Fund

Champlain CLO, Ltd.

Chatham Light II CLO, Limited

Chelsea Park CLO Ltd.

Cheyne Credit Opportunities CDO 1 B.V.

CHGO Loan Funding Ltd.

CIM VI, L.L.C.

Citibank (China) Co., Ltd.

Citibank, ▇.▇.

▇▇▇▇▇▇ Investment Corporation

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Clear Lake CLO Ltd.

Clydesdale CLO 2004, Ltd.

Clydesdale CLO 2005, Ltd.

Clydesdale Strategic CLO I, Ltd.

College Retirement Equities Fund Bond Market Account

Columbus Park CDO Ltd.

ColumbusNova CLO IV, Ltd. 2007 II

Commingled Pension Trust Fund (High Yield) of JPMorgan Chase Bank, N.A.

Commonwealth International Fixed Interest Fund 6

Commonwealth of Pennsylvania State Employees’ Retirement System

Confluent 2 Limited

Cooperatieve Centrale Raiffeisen Boerenleenbank B.A.

Cratos CLO I Ltd.

Credit Suisse International

Credit Suisse Loan Funding LLC

Credit Suisse Syndicated Loan Fund

Credos Floating Rate Fund, L.P.

CSAM Funding I

CSAM Funding II

CSAM Funding IV

Cumberland II CLO Ltd.

Delaware Corporate Bond Fund, a series of Delaware Group Income Funds

Delaware Diversified Income Trust

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Delaware Extended Duration Bond Fund, a series of Delaware Group Income Funds

Delaware Group Advisor Funds-Delaware Diversified Income

Delaware Group Government Funds — Delaware Core Plus Fund

Delaware Group Income Funds — Delaware Diversified Floating Rate Fund

Delaware Group Limited-Term Government Funds — Delaware Limited — Term Government Fund

Delaware VIP Trust — Delaware VIP Diversified Income Series

Delaware VIP Trust — Delaware VIP Limited Term Diversified Income Series

Deutsche Bank AG New York Branch

DFR Middle Market CLO

Diamond Lake CLO, Ltd.

Diversified Credit Portfolio Ltd.

Doral Money Inc

▇▇▇▇▇▇ IX — Senior Loan Fund 2005 p.l.c.

▇▇▇▇▇▇ VIII — Leveraged Loan CDO 2005

▇▇▇▇▇▇ X — Euro CLO 2005 PLC

▇▇▇▇▇▇ XI Leveraged Loan CDO 2006

▇▇▇▇▇▇ XIV — Euro CLO 2006 p.l.c.

▇▇▇▇▇▇ XV Euro CLO 2006 p.l.c.

▇▇▇▇▇▇ XVI — Leveraged Loan CDO 2006

▇▇▇▇▇▇ XXI Leveraged Loan CDO LLC

DWS Floating Rate Plus Fund

DWS Short Duration Plus Fund

DZ Bank AG Deutsche Zentralgenossenschaftsbank

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▇▇▇▇▇ ▇▇▇▇▇ CDO X PLC

▇▇▇▇▇ ▇▇▇▇▇ Floating-Rate Income Trust

▇▇▇▇▇ ▇▇▇▇▇ Institutional Senior Loan Fund

▇▇▇▇▇ ▇▇▇▇▇ Medallion Floating-Rate Income Portfolio

▇▇▇▇▇ ▇▇▇▇▇ Senior Floating-Rate Trust

▇▇▇▇▇ ▇▇▇▇▇ Senior Income Trust

▇▇▇▇▇ ▇▇▇▇▇ VT Floating Rate Income Fund

Employers Insurance Company of Wausau

Fairway Loan Funding Company

Faraker Investment PTE Ltd.

FIA Card Services, N.A.

Fidelity Advisor Series I: Fidelity Advisor Floating Rate High Income Fund

Fifth Third Bank

FIRST 2004-II CLO Ltd.

First Trust/Four Corners Senior Floating Rate Income Fund

First Trust/Four Corners Senior Floating Rate Income Fund II

Flagship CLO V

Flagship CLO VI

Foothill CLO I Ltd.

Fore CLO Ltd.. 2007-1

Fortis Flexi III Senior Secured Bank Loan Fund Mogliano

Franklin CLO V, Ltd.

Franklin CLO VI, Limited

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Franklin Floating Rate Daily Access Fund

Franklin Floating Rate Master Series

▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇. Duration Income Trust

Franklin ▇▇▇▇▇▇▇▇▇ Series II Funds — Franklin Floating Rate II Fund

Future Fund Board of Guardians

Galaxy V CLO, Ltd.

Galaxy VI CLO, Ltd.

Galaxy VII CLO, Ltd.

Galaxy VIII CLO, Ltd.

GE Capital Commercial Inc.

General Electric Pension Trust

▇▇▇▇▇▇▇▇▇ CLO PLC

Global Credit Return Fund NV

Global Loan Opportunity Fund B.V.

GMAM Group Pension Trust I

Golden Knight II CLO, Ltd.

Goldentree Asset Management LP AC Goldentree High Yield Master Fund Ltd. AC

Goldentree Capital Opportunities, LP

Goldentree Loan Opportunities III, Limited

Goldentree Loan Opportunities IV, Limited

Goldentree Loan Opportunities V, Limited

▇▇▇▇▇▇▇ ▇▇▇▇▇ Asset Management CLO, Public Limited Company

▇▇▇▇▇▇▇ Sachs Collective Trust High Yield Implementation Vehicle

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Grand Central Asset Trust, ANC Series

Grand Central Asset Trust, Cameron I Series

▇▇▇▇▇▇▇ & Co

Green Park CDO B.V.

Greenbriar CLO, Ltd.

GSO Co-Investment Partners, LLC

GSO Domestic Capital Funding LLC

GSO Royal Holdings CB LLC

Halcyon Loan Investors CLO I, Ltd.

Halcyon Loan Investors CLO II, Ltd.

Halcyon Structure Asset Management European CLO 2006-II B.V.

Halcyon Structured Asset Management CLO I Ltd.

Halcyon Structured Asset Management European CLO 2006-I B.V.

Halcyon Structured Asset Management European Long Secured/Short Unsecured CLO 2008 I B.V.

Halcyon Structured Asset Management Long Secured/Short Unsecured 2007-1 Ltd.

Halcyon Structured Asset Management Long Secured/Short Unsecured 2007-2 Ltd.

Halcyon Structured Asset Management Long Secured/Short Unsecured 2007-3 Ltd.

Halcyon Structured Asset Management Long Secured/Short Unsecured CLO 2006-I Ltd.

Harvest CLO II S.A.

Harvest CLO III PLC

Harvest CLO IV PLC

Harvest CLO V PLC

Highlander Euro CDO B.V.

- 19 -

Highlander Euro CDO III B.V.

Hillmark Funding Ltd.

Hiscox Insurance Company (Bermuda) Ltd

Hiscox Syndicate 33

▇▇▇▇▇▇ Canyon Funding II, Ltd.

Hyde Park CDO B.V.

IAM National Pension Fund

Illinois State Board of Investment

ING International (II) — Senior Bank Loans Euro

ING Investment Management CLO I, Ltd.

ING Investment Management CLO II, Ltd.

ING Investment Management CLO III, Ltd.

ING Investment Management CLO IV, Ltd.

ING Investment Management CLO V, Ltd.

ING Investment Trust Co. Plan for Employee Benefit Investment Funds — Senior Loan Fund

ING Investors Trust — Ing ▇. ▇▇▇▇ Price Capital Appreciation Portfolio

ING Prime Rate Trust

ING Senior Income Fund

Insight Investment Discretionary Funds ICVC UK Corporate All Maturities Bond Fund

Insight LDI Solutions plus PLC in respect of The Insight Loan

▇.▇. ▇▇▇▇▇▇ Leveraged Loans Master Fund L.P.

- 20 -

Jersey Street CLO, Ltd.

JHF II-Multi Sector Bond Fund

▇▇▇▇ ▇▇▇▇▇▇▇ Fund II Floating Rate Income Fund

▇▇▇▇ ▇▇▇▇▇▇▇ Funds II — Spectrum Income Fund

▇▇▇▇ ▇▇▇▇▇▇▇ Trust — Capital Appreciation Value Trust

▇▇▇▇ ▇▇▇▇▇▇▇ Trust — Spectrum Income Trust

JPMorgan Chase Retirement Plan

JPMorgan Core Plus Bond

JPMorgan High Yield Fund

Koniginstrasse I S.à ▇.▇

▇▇▇▇▇▇▇▇ B.V.

▇▇▇▇▇▇▇▇ ▇▇ B.V.

LeverageSource V, S.À ▇.▇

Liberty Mutual Fire Insurance Company

Liberty Mutual Insurance Company

Libra Global Limited

LightPoint Pan-European CLO 2007-1 PLC

Limerock CLO I

LLCP Loan Funding 2007

Loan Funding III (Delaware) LLC

Loan Funding IV LLC

Longhorn Credit Funding, LLC

- 21 -

▇▇▇▇▇▇ ▇▇▇▇▇▇ Leveraged Senior Loan Fund Ltd.

▇▇▇▇▇▇ ▇▇▇▇▇▇ Senior Loan Fund, LLC

Lord ▇▇▇▇▇▇ Investment Trust — Lord ▇▇▇▇▇▇ Floating Rate Fund

Lucent Technologies Inc. Master Pension Trust

MacKay ▇▇▇▇▇▇▇ Core Plus Alpha Fund

MacKay Short Duration Alpha Fund

Macquarie Income Opportunities Fund

Macquarie Master Diversified Fixed Interest Fund

Madison Park Funding I, Ltd.

Madison Park Funding VI, Ltd.

Mainstay Floating Rate Fund, a series of Eclipse Funds Inc.

Mainstay VP Floating Rate Portfolio, aseries of Mainstay VP Series Fund, Inc.

Marathon CLO I Ltd.

Marathon CLO II Ltd.

Market Square CLO, Ltd.

Marlborough Street CLO, Ltd.

Master Senior Floating Rate Trust

▇▇▇▇▇ ▇▇▇▇▇▇ High Yield Bond Portfolio of ▇▇▇▇▇ ▇▇▇▇▇▇ SeriesMaxim ▇▇▇▇▇▇

Mayport CLO Ltd.

▇▇▇▇▇▇▇ Foundation Incorporated

Mercator CLO 2 PLC

Mercator CLO I PLC

Mercator CLO III Limited

- 22 -

Met Investors Series Trust — Pioneer Strategic Income Portfolio

MetLife Bank, N.A.

Metropolitan Life Insurance Company

Missouri State Employees Retirement System

Mizuho Corporate Bank, Ltd.

Momentum Capital Fund, Ltd.

▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management Garda B.V.

▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Investment Management, Croton Ltd.

▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Prime Income Trust

MSIM Peconic Bay Ltd.

Mt. ▇▇▇▇▇▇ CLO II, Ltd.

Mt. ▇▇▇▇▇▇ CLO Ltd.

Muzinich & Co (Ireland) Limited for the account of Extrayield $ Loan Fund

NACM CLO I

Nantucket CLO I Ltd.

▇▇▇▇ Point CLO

Natixis COF I, LLC

Natixis ▇▇▇▇▇▇ ▇▇▇▇▇▇ Senior Loan Fund

Nautique Funding Ltd.

Navigare Funding I CLO Ltd.

Navigare Funding II CLO, Ltd.

Navigare Funding III CLO, Ltd.

- 23 -

Navigator CDO 2005, Ltd.

Navigator CDO 2006, Ltd.

NCM GT 2008-1 LLC

NCRAM Loan Trust

NCRAM Senior Loan Trust 2005

Neptune Finance CCS, Ltd.

New York Life Insurance & Annuity Corp.

New York Life Insurance (Guaranteed Products)

New York Life Insurance Company, GP-Portable Alpha

Nexum Loan SICAV — Nordic Loan Fund II

Nexum Loans SICAV

Nomura Bond & Loan Fund

North Dakota State Investment Board

Northwoods Capital IV Limited

Northwoods Capital V, Limited

Northwoods Capital VI, Limited

Northwoods Capital VII, Limited

Northwoods Capital VIII Limited

Nuveen Diversified Dividend & Income Fund

Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Opportunity Fund

Nuveen Senior Income Fund

Nuveen Tax Advantaged Total Return Strategy Fund

- 24 -

Oak Hill Credit Opportunities Financing, Ltd.

Oak Hill Credit Partners III, Limited

Oak Hill Credit Partners IV, Limited

Oak Hill Credit Partners V, Limited

Oak Hill European Credit Partners I PLC

Oak Hill European Credit Partners II PLC

OCA Brigade Credit Fund, LLC

Ocean Trails CLO I

Ocean Trails CLO II

OHA Finlandia Credit Fund

OHA Park Avenue CLO I, Ltd.

Olympic Park Ltd.

▇▇▇▇▇▇▇▇▇▇▇ Master Loan Fund, LLC

▇▇▇▇▇▇▇▇▇▇▇ Senior Floating Rate Fund

Oppida Investments Ltd.

Optimum Trust — Optimum Fixed Income Fund

Oregon Public Employees Retirement Fund

Pacific Life Insurance Company

Penn Series Funds, Inc. — Flexibility Managed Fund

Phoenix Edge Series Fund: Phoenix Multi-Sector Short Term Bond Series

Phoneix Edge Series Fund: Phoenix Strategic Allocation Series

PIMCO Cayman Bank Loan Fund

PIMCO Loan Opportunities Fund I L.P.

- 25 -

PIMCO Loan Opportunities Fund I LP

Pioneer Diversified High Income Trust

Pioneer Floating Rate Fund

Pioneer Floating Rate Trust

Pioneer Global High Yield Fund

Pioneer High Yield Fund

Pioneer Strategic Income Fund

Pioneer Strategic Income VCT Portfolio

Portola CLO, Ltd.

PPM Monarch Bay Funding LLC

Principal Funds Inc — High Yield Fund I

Prudential Bank Loan Fund of the Prudential Trust Company Collective Trust

▇▇▇▇▇▇ Floating Rate Income Fund

▇▇▇▇▇▇ High Yield Advantage Fund

▇▇▇▇▇▇ High Yield Trust

Putnam Variable Trust — PVT High Yield Fund

Qualcomm Global Trading, Inc.

Race Point III CLO

Race Point IV CLO, Ltd.

Red River CLO Ltd.

Regent’s Park CDO B.V.

Republic Loan Funding, Ltd.

Ridgeworth Funds — SEIX Floating Rate High Income Fund

- 26 -

Riverside Park CLO Ltd.

RiverSource Bond Series, Inc — Riversource Floating Rate Fund

RiverSource Institutional Leveraged Loan Fund II, L.P.

RiverSource Strategic Income Allocation Fund

RMF Euro CDO III PLC

RMF Euro CDO IV PLC

Rochdale Fixed Income Opportunities Portfolio

RS Floating Rate Fund

RS Strategic Income Fund

San ▇▇▇▇▇▇▇ County Employees’ Retirement Association

Sapphire Valley CDO I, Ltd.

Saratoga CLO I Limited

Saratoga CLO I, Limited

Schiller Park CLO Ltd.

Sears Holdings Pension Plan

SEI Institutional Investment Trust — High Yield Bond Fund

SEI Institutional Investments Trust Enhanced Libor Opportunities Fund.

SEI Institutional Managed Trust — High Yield Bond Fund

Senior Debt Portfolio

Senior Loan Portfolio

Serves 2006-1, Ltd.

Southport CLO, Limited

SSS Funding II, LLC

- 27 -

St. ▇▇▇▇▇ ▇▇▇▇ CDO B.V.

St. ▇▇▇▇▇ River CLO Ltd.

State Retirement and Pension System of Maryland

Stellar Performer Global Series W — Global Credit

Stichting Depositary APG Fixed Income Credit Pool

Stichting Pensioenfonds Medische Specialisten

Stichting Pensioenfonds Voor Huisarten

Stone Harbor Global Funds PLC — Stone Harbor Leveraged Loan Portfolio

Stone Harbor LIBOR Plus Total Return Fund

Stone Harbor Sterling Core Plus Bond Fund

Stone Tower Credit Funding I Ltd.

▇▇▇▇▇▇ ▇▇▇▇ Funding I, Ltd.

Sumitomo Mitsui Banking Corp

Summit Lake CLO Ltd.

Sun Life Assurance Company of Canada (US)

SunAmerica Senior Floating Rate Fund, Inc.

Sunsuper Pooled Superannuation Trust

▇. ▇▇▇▇ Price Capital Appreciation Fund

▇. ▇▇▇▇ Price Institutional Common Trust Fund — T ▇▇▇▇ Price Capital Appreciation Trust

▇. ▇▇▇▇ Price Institutional Floating Rate Fund

▇. ▇▇▇▇ Price Institutional High Yield Fund

▇▇▇▇▇▇▇▇ Foundation, Inc.

TCW Credit Opportunities Fund I B, L.P.

- 28 -

TCW Credit Opportunities Fund, L.P.

TCW Senior Secured Floating Rate Loan Fund, L.P.

TCW Senior Secured Loan Fund, L.P.

Teachers Insurance and Annuity Association of America

Teachers Retirement System of Louisiana (▇▇▇▇▇▇▇▇ — BANK LOAN ACCOUNT)

Texas PrePaid Higher Education Tuition Board

TFP Royal Issuer, LLC

The Guardian Life Insurance Company of America

The President and Trustees of ▇▇▇▇▇▇▇▇ College

TIAA-CREF Funds Bond Plus Fund

Titanium Trading Partners, LLC

Tribeca Park CLO Ltd.

Trustees of the University of Pennsylvania

Trustmark Insurance Company

U.A.I. (Luxembourg) Investment S.à ▇.▇.

UBS (UK) Pension and Life Assurance Scheme

UMC Benefit Board, Inc.

United America Idemnity, Ltd.

▇▇▇ ▇▇▇▇▇▇ Dynamic Credit Opportunities Fund

▇▇▇ ▇▇▇▇▇▇ Senior Income Trust

▇▇▇ ▇▇▇▇▇▇ Senior Loan Fund

Velocity CLO Ltd.

Vermont Pension Investment Committee

- 29 -

▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Marital Trust

Victoria Falls CLO, Ltd.

Virginia Retirement System

Virtus Multi-Sector Fixed Income Fund

Virtus Mult-Sector Short Term Bond Fund

Virtus Senior Floating Rate Fund

Vitesse CLO Ltd.

Wasatch CLO Ltd.

Waterfront CLO 2007-1, Ltd.

Wellington Trust Company, National Association Multiple Common Trust Funds Trust Opportunistic Fixed Income Allocation Portfolio

West Bend Mutual Insurance Company

Western Asset Floating Rate High Income Fund, LLC

Westpac Banking Corp

WG Horizons CLO I

Whitehorse III, Ltd.

Wilmington Trust (London) Limited

Wind River Reinsurance Company, Ltd.

Windmill CLO I Limited

Zodiac Fund ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ US Senior Loan Fund

- 30 -

SCHEDULE 2
LIST OF CURRENT BORROWERS, CURRENT GUARANTORS, CURRENT SENIOR SECURED NOTE GUARANTORS

PART 1
THE CURRENT BORROWERS

SIG Euro Holding AG & Co. KGaA

Closure Systems International Holdings Inc.

Closure Systems International B.V.

SIG Austria Holding GmbH

▇▇▇▇▇▇▇▇ Consumer Products Holdings Inc.

▇▇▇▇▇▇▇▇ Group Holdings Inc.

PART 2
THE CURRENT GUARANTORS

SIG Austria Holding GmbH (Austria)

SIG Combibloc GmbH & Co KG (Austria)

SIG Combibloc GmbH (Austria)

SIG Beverages Brasil Ltda (Brazil)

SIG Combibloc do Brasil Ltda (Brazil)

Closure Systems International Americas Inc. (Brazil)

SIG Holdings (UK) Limited (England and Wales)

SIG Combibloc Limited (England and Wales)

SIG Euro Holding AG & Co. KGaA (Germany)

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

- 31 -

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

SIG Asset Holdings Limited (Guernsey)

SIG Combibloc Ltd (Hong Kong)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à ▇.▇. (Luxembourg)

SIG Finance (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Combibloc Procurement AG (Switzerland)

SIG Reinag AG (Switzerland)

SIG Combibloc Ltd. (Thailand)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

▇▇▇▇▇▇▇▇ Group Holdings Inc. (USA)

▇▇▇▇▇▇▇▇ Group Issuer Inc. (USA)

▇▇▇▇▇▇▇▇ Group Issuer LLC (USA)

- 32 -

Closure Systems International (Brazil) Sistemas de Vedação Ltda (Brazil)

CSI Latin American Holdings Corporation (BVI)

Closure Systems International (Canada) Limited (Canada)

CSI Closure Systems Manufacturing de Centro America, S.R.L. (Costa Rica)

Closure Systems International (UK) Limited (England and Wales)

▇▇▇▇▇▇▇▇ Consumer Products (UK) Limited (England and Wales)

▇▇▇▇▇▇▇▇ Subco (UK) Limited (England and Wales)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

Closure Systems International (Hong Kong) Limited (Hong Kong)

Closure Systems International Holdings (Hungary) Kft. (Hungary)

CSI Hungary Gyártó és Kereskedelmi Kft. (Hungary)

Closure Systems International Holdings (Japan) KK (Japan)

Closure Systems International Japan, Limited (Japan)

Closure Systems International (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Consumer Products (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Group Issuer (Luxembourg) S.A. (Luxembourg)

Bienes Industriales del Norte S.A. de C.V. (Mexico)

CSI en Ensenada, S. de ▇.▇. de C.V. (Mexico)

CSI en Saltillo, S. de ▇.▇. de C.V. (Mexico)

CSI Tecniservicio, S. de ▇.▇. de C.V. (Mexico)

Grupo CSI de Mexico, S. de ▇.▇. de C.V. (Mexico)

Tecnicos de Tapas Innovativas S.A. de C.V. (Mexico)

Closure Systems International B.V. (The Netherlands)

▇▇▇▇▇▇▇▇ Consumer Products International B.V. (The Netherlands)

- 33 -

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Consumer Products Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Foil Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Services Inc. (Delaware, USA)

PART 3
THE CURRENT SENIOR SECURED NOTE GUARANTORS

SIG Austria Holding GmbH (Austria)

SIG Combibloc GmbH & Co KG (Austria)

SIG Combibloc GmbH (Austria)

SIG Beverages Brasil Ltda (Brazil)

SIG Combibloc do Brasil Ltda (Brazil)

SIG Holdings (UK) Limited (England and Wales)

SIG Combibloc Limited (England and Wales)

SIG Euro Holding AG & Co. KGaA (Germany)

- 34 -

SIG Beverages Germany GmbH (Germany)

SIG Combibloc Holding GmbH (Germany)

SIG Vietnam Beteiligungs GmbH (Germany)

SIG Combibloc GmbH (Germany)

SIG Combibloc Systems GmbH (Germany)

SIG Combibloc Zerspanungstechnik GmbH (Germany)

SIG Information Technology GmbH (Germany)

SIG International Services GmbH (Germany)

SIG Asset Holdings Limited (Guernsey)

SIG Combibloc Ltd (Hong Kong)

Beverage Packaging Holdings (Luxembourg) I S.A. (Luxembourg)

Beverage Packaging Holdings (Luxembourg) III S.à ▇.▇. (Luxembourg)

SIG Finance (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Group Holdings Limited (New Zealand)

SIG Combibloc Group AG (Switzerland)

SIG Finanz AG (Switzerland)

SIG Technology AG (Switzerland)

SIG allCap AG (Switzerland)

SIG Combibloc (Schweiz) AG (Switzerland)

SIG Schweizerische Industrie-Gesellschaft AG (Switzerland)

SIG Combibloc Procurement AG (Switzerland)

SIG Reinag AG (Switzerland)

SIG Combibloc Ltd. (Thailand)

SIG Holding USA Inc. (USA)

SIG Combibloc Inc. (USA)

- 35 -

▇▇▇▇▇▇▇▇ Group Holdings Inc. (USA)

▇▇▇▇▇▇▇▇ Group Issuer Inc. (USA)

▇▇▇▇▇▇▇▇ Group Issuer LLC (USA)

Closure Systems International Americas Inc. (Brazil)

Closure Systems International (Brazil) Sistemas de Vedação Ltda (Brazil)

CSI Latin American Holdings Corporation (BVI)

Closure Systems International (Canada) Limited (Canada)

CSI Closure Systems Manufacturing de Centro America, S.R.L. (Costa Rica)

Closure Systems International (UK) Limited (England and Wales)

▇▇▇▇▇▇▇▇ Consumer Products (UK) Limited (England and Wales)

▇▇▇▇▇▇▇▇ Subco (UK) Limited (England and Wales)

Closure Systems International Holdings (Germany) GmbH (Germany)

Closure Systems International Deutschland GmbH (Germany)

Closure Systems International (Hong Kong) Limited (Hong Kong)

Closure Systems International Holdings (Hungary) Kft. (Hungary)

CSI Hungary Gyártó és Kereskedelmi Kft. (Hungary)

Closure Systems International Holdings (Japan) KK (Japan)

Closure Systems International Japan, Limited (Japan)

Closure Systems International (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Consumer Products (Luxembourg) S.à ▇.▇. (Luxembourg)

▇▇▇▇▇▇▇▇ Group Issuer (Luxembourg) S.A. (Luxembourg)

Bienes Industriales del Norte S.A. de C.V. (Mexico)

CSI en Ensenada, S. de ▇.▇. de C.V. (Mexico)

CSI en Saltillo, S. de ▇.▇. de C.V. (Mexico)

CSI Tecniservicio, S. de ▇.▇. de C.V. (Mexico)

- 36 -

Grupo CSI de Mexico, S. de ▇.▇. de C.V. (Mexico)

Tecnicos de Tapas Innovativas S.A. de C.V. (Mexico)

Closure Systems International B.V. (The Netherlands)

▇▇▇▇▇▇▇▇ Consumer Products International B.V. (The Netherlands)

Closure Systems International Holdings Inc. (Delaware, USA)

Closure Systems International Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Packaging Machinery Inc. (Delaware, USA)

Closure Systems Mexico Holdings LLC (Delaware, USA)

CSI Mexico LLC (Delaware, USA)

Southern Plastics, Inc. (Louisiana, USA)

CSI Sales & Technical Services Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Consumer Products Holdings Inc. (Delaware, USA)

Bakers Choice Products, Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Consumer Products Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Foil Inc. (Delaware, USA)

▇▇▇▇▇▇▇▇ Services Inc. (Delaware, USA)

- 37 -

SCHEDULE 3
FORM OF NOTICE

PART 1
FORM OF NOTICE FOR EXISTING BANK ACCOUNTS

[Letterhead of Pledgor]


Absender/From: [Pledgor]

An/To: [Account Bank]

Datum/Date: [•]

Verpfändungsanzeige		Notice of Pledge

Betrifft: Konto Nr. [•]		Re: Account No. [•]

Sehr geehrte Damen und ▇▇▇▇▇▇,		Dear Sirs,

wie Ihnen bekannt ist, haben wir gemäß eines Kontenverpfändungsvertrags vom [•] (der “ Kontenverpfändungsvertrag”) alle Ansprüche einschließlich Zinsen aus den bei Ihnen geführten Konten (inklusive aller Unterkonten, etwaigen Neueröffnungen, Verlängerungen, Umbenennungen und Festgeldkonten davon) zu Gunsten [Collateral Agent] (“Sicherheitentreuhänder”) und anderen (zusammen die “Pfandgläubiger”) verpfändet. Die Verpfändung umfasst alle Arten von Kontoguthaben sowie alle daraus zeitanteilig anfallenden Zinsen. Eine Kopie des Erstrangigen Kontenverpfändungsvertrages ▇▇▇▇▇▇ wir unserem Schreiben beigefügt.		As you are aware, by an account pledge agreement dated [•] (the “Account Pledge Agreement”) we have pledged in favour of [Collateral Agent] (the “Collateral Agent”) and others all of our right, title and interest in and to the above account (which shall include all sub-accounts, renewals, replacements, redesignations and related fixed deposit accounts thereof) and all monies and interest from time to time standing or accruing to the credit thereof. A copy of the Account Pledge Agreement was attached thereto.

Hiermit teilen wir Ihnen mit, dass durch einen Bestätigungs- und Ergänzungsvertrag zum Kontenverpfändungsvertrag vom 2010 (der “Bestätigungs- und Ergänzungsvertrag”) der		We hereby give you notice that pursuant to a confirmation and amendment agreement relating to the Account Pledge Agreement dated [•] 2010 (the “Confirmation and Amendment Agreement”), the Account

- 38 -


Kontenverpfändungsvertrag dahingehend bestätigt und ergänzt wurde, dass, unter anderem, auch die Erhöhung bestehender Kreditlinien umfasst wird, die bereits durch den Kontenverpfändungsvertrag besichert sind. Eine Kopie des Bestätigungs- und Ergänzungsvertrags ist diesem Schreiben beigefügt.		Pledge Agreement has been confirmed and amended to the effect that, inter alia, it also secures the increase of existing facilities which are already secured by the Account Pledge Agreement. A copy of the Confirmation and Amendment Agreement is attached hereto.

Solange Sie als kontoführende Bank keine gegenteilige Nachricht vom Sicherheitentreuhänder erhalten, sind wir ermächtigt, über die Konten und insbesondere die Kontenguthaben zu verfügen. Im Fall des Erhalts einer entsprechenden Nachricht sind Sie als kontoführende Bank gehalten, keinerlei Verfügungen unsererseits über die Konten und die Kontenguthaben mehr zuzulassen.		Until notice to the contrary from the Collateral Agent to be served on you as account bank, we may continue to operate the Accounts and in particular may dispose over the amounts standing to the credit thereof. Upon receipt of such aforesaid notice to the contrary, you as account bank shall not allow any dispositions by us of the Accounts and of the amounts standing to the credit thereof.

Wir verzichten hiermit in Bezug auf alle bei Ihnen geführten Konten zu Gunsten der Pfandgläubiger auf unser Recht auf Vertraulichkeit (Bankgeheimnis) und beauftragen und ermächtigen Sie hiermit, nachdem Sie die o.g Nachricht vom Sicherheitentreuhänder erhalten haben, dem Sicherheitentreuhänder auf sein Verlangen jede gewünschte Information im Hinblick auf solche Konten zu geben.		We herewith waive all rights of confidentiality (Bankgeheimnis) in relation to all accounts held with you for the benefit of the Pledgees. If you have received the above notice from the Collateral Agent we hereby instruct and authorise you to provide the Collateral Agent with any information requested by it in respect of such accounts.

Diese Verpfändungsanzeige unterliegt deutschem Recht.		This notice of pledge shall be construed in accordance with German law.

In Zweifelsfällen gilt die deutsche Fassung dieser Verpfändungsanzeige.		In cases of doubt the German version of this notice of pledge shall prevail.

Wir bitten Sie, die dieser Verpfändungsanzeige beigefügte Empfangsbestätigung als Zeichen Ihres Einverständnisses mit den hierin und in der Empfangsbestätigung genannten Bestimmungen unterzeichnet sowohl an uns als auch an den		Please sign the enclosed Acknowledgement of Notice of Pledge in order to acknowledge receipt of this notice and your agreement to the terms set out herein and in the enclosed Acknowledgement and return the same to us

- 39 -



Sicherheitentreuhänder (für die Pfandgläubiger) zu senden. Die Adresse des Sicherheitentreuhänders ist die folgende:		and to the Collateral Agent (for and on behalf of the Pledgees). The address of the Collateral Agent is the following:

[name and address of Collateral Agent].


Mit freundlichen Grüßen		Yours faithfully

[Pledgor]

(Geschäftsführer/Managing Director)

- 40 -

[Letterhead of Account Bank]


Absender/From: [Account Bank]

An/ To: [Collateral		Agent]
und/and
[Pledgor]

Datum/ Date: [•]

Bestätigung des Empfangs einer Verpfändungsanzeige		Acknowledgement of Notice of Pledge

Betrifft: Konto Nr. [•]		Re: Account No. [•]

Sehr geehrte Damen und ▇▇▇▇▇▇,		Dear Sirs,

Wir bestätigen hiermit den Erhalt der Verpfändungsanzeige vom [Datum] sowie der Kopie des Kontoverpfändungsvertrags vom [•] und unser Einverständnis mit den ▇▇▇▇▇ enthaltenen Bestimmungen.		We hereby acknowledge receipt of the notice of pledge dated [date] and of a copy of the account pledge agreement dated [•] and confirm our agreement with the terms set out therein.

Wir versichern, dass wir keine Verpfändungsanzeige bzgl. der verpfändeten Konten erhalten haben außer der Verpfändungsanzeige zu Ihren Gunsten vom [•] und uns mit Ausnahme unseres AGB-Pfandrechts keine Rechte Dritter an den verpfändeten Konten bekannt sind.		We confirm that we have neither received any previous notice of pledge relating to the pledged accounts (other than the notice of the pledge for your benefit dated [•] nor are we aware of any third party rights in relation to the accounts except for the right of pledge arising pursuant to our general business conditions.

Wir verpflichten uns hiermit, sowohl im eigenen Namen als auch für unsere jeweiligen Rechtsnachfolger, die in der obengenannten Verpfändungsanzeige enthaltenen Bestimmungen und Anweisungen zu befolgen.		We hereby confirm on behalf of ourselves and our legal successors in title that we will act in accordance with the terms and instructions set out in the notice of pledge referred to above.

Wir verzichten hiermit unwiderruflich und bedingungslos auf jegliche Aufrechnungs- und Zurückbehaltungsrechte bzgl. der Konten, wobei ▇▇ ▇▇▇▇▇ Verständnis ist, dass Saldierungen bei		We hereby irrevocably and unconditionally waive our rights in respect of and agree not to make any set-off from the Accounts or invoke any rights of retention in relation to

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Kontokorrentkonten weiterhin vorgenommen und Kontoführungsgebühren und retournierte Schecks den Konten weiterhin ohne Einschränkung belastet werden dürfen.		the Accounts; it being understood that the balancing of current accounts shall be permitted and that account-keeping fees and returned cheques may furthermore be debited without restriction.

Des Weiteren erklären wir hiermit, dass wir das aufgrund unserer Allgemeinen Geschäftsbedingungen an den Konten bestehende Pfandrecht aufgeben.		We hereby release the pledge granted in our favour in respect of the Accounts pursuant to our General Business Conditions.

Dieses Schreiben unterliegt deutschem Recht.		This letter shall be construed in accordance with German law.

In Zweifelsfällen gilt die deutsche Fassung dieses Schreibens.		In cases of doubt the German version of this letter shall prevail.

Mit freundlichen Grüßen		Yours faithfully

[Account Bank] ([Name des Unterzeichners/name of signatory])

PART 2
FORM OF NOTICE FOR NEW BANK ACCOUNTS

[Letterhead of Pledgor]


Absender/From: [Pledgor]

An/To: [Account Bank]

Datum/Date: [•]

Verpfändungsanzeige		Notice of Pledge

Betrifft: Konto Nr. [•]		Re: Account No. [•]

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Sehr geehrte Damen und ▇▇▇▇▇▇,		Dear Sirs,

Hiermit zeigen wir Ihnen an, dass wir gemäß Ziffer 2.1 des hier in Kopie beigefügten Kontenverpfändungsvertrags vom [•] (der “Kontenverpfändungsvertrag”), sowie gemäß Ziffer 3.3.1 des hier in Kopie beigefügten Bestätigungs- und Änderungsvertrags zum Kontenverpfändungsvertrag vom [•] alle Rechte und Ansprüche bezüglich des ▇. ▇. ▇▇▇▇▇▇ und aller sonstigen bei Ihnen geführten Konten (die “Konten”) (inklusive aller Unterkonten, etwaiger Neueröffnungen, Verlängerungen, Umbenennung und Festgeldkonten) zu Gunsten von [Collateral Agent] (der “Sicherheitentreuhänder”) und anderen (zusammen die “Pfandgläubiger”) verpfändet haben.		We hereby give you notice that pursuant to Clause 2.1 of an account pledge agreement dated [•] (the “Account Pledge Agreement”), a copy of which is attached hereto and pursuant to Clause 3.3.1 of a confirmation and amendment agreement relating to the Account Pledge Agreement, we have pledged in favour of [Collateral Agent] (the “Collateral Agent”) and others (together the “Pledgees”) all of our rights and claims in respect of the above account and all other accounts maintained with you from time to time (the “Accounts”) (including all sub-accounts thereof, renewals, replacements, redesignations and related fixed deposit accounts thereof).

Die Verpfändung umfasst insbesondere alle Ansprüche auf gegenwärtige und zukünftige Guthaben (einschließlich Spareinlagen, Termineinlagen, Festgeldeinlagen und Tagesgeldeinlagen) und positive ▇▇▇▇▇▇ sowie alle darauf anfallenden Zinsen.		The pledges comprise in particular all claims to present and future cash deposits (including saving deposits, time deposits, fixed deposits and call money deposits) and credit balances and all claims to interest payable in relation thereto.

Solange Sie als kontoführende Bank keine gegenteilige Nachricht vom Sicherheitentreuhänder erhalten, sind wir ermächtigt, über die Konten und insbesondere die Kontenguthaben zu verfügen. Im Fall des Erhalts einer entsprechenden Nachricht sind Sie als kontoführende Bank gehalten, keinerlei Verfügungen unsererseits über die Konten und die Kontenguthaben mehr		Until notice to the contrary from the Collateral Agent to be served on you as account bank, we may continue to operate the Accounts and in particular may dispose over the amounts standing to the credit thereof. Upon receipt of such aforesaid notice to the contrary, you as account bank shall not allow any dispositions by us of the Accounts and of the amounts standing to the

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zuzulassen.		credit thereof.

Wir verzichten hiermit in bezug auf alle bei Ihnen geführten Konten zu Gunsten der Pfandgläubiger auf unser Recht auf Vertraulichkeit (Bankgeheimnis) und beauftragen und ermächtigen Sie hiermit, nachdem Sie die o.g Nachricht vom Sicherheitentreuhänder erhalten haben, dem Sicherheitentreuhänder auf sein Verlangen jede gewünschte Information im Hinblick auf solche Konten zu geben.		We herewith waive all rights of confidentiality (Bankgeheimnis) in relation to all accounts held with you for the benefit of the Pledgees. If you have received the above notice from the Collateral Agent we hereby instruct and authorise you to provide the Collateral Agent with any information requested by it in respect of such accounts.

Diese Verpfändungsanzeige unterliegt deutschem Recht.		This notice of pledge shall be construed in accordance with German law.

In Zweifelsfällen gilt die deutsche Fassung dieser Verpfändungsanzeige.		In cases of doubt the German version of this notice of pledge shall prevail.

Wir bitten Sie, die dieser Verpfändungsanzeige beigefügte Empfangsbestätigung als Zeichen Ihres Einverständnisses mit den hierin und in der Empfangsbestätigung genannten Bestimmungen unterzeichnet sowohl an uns als auch an den Sicherheitentreuhänder (für die Pfandgläubiger) zu senden. Die Adresse des Sicherheitentreuhänders ist die folgende:		Please sign the enclosed Acknowledgement of Notice of Pledge in order to acknowledge receipt of this notice and your agreement to the terms set out herein and in the enclosed Acknowledgement and return the same to us and to the Collateral Agent (for and on behalf of the Pledgees). The address of the Collateral Agent is the following:

[name and address of Collateral Agent].


Mit freundlichen Grüßen		Yours faithfully

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[Pledgor]

(Geschäftsführer/Managing Director)

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[Letterhead of Account Bank]


Absender/From: [Account Bank]

An/ To: [Collateral Agent]
und/and
[Pledgor]

Datum/ Date: [•]

Bestätigung des Empfangs einer Verpfändungsanzeige		Acknowledgement of Notice of Pledge

Betrifft: Konto Nr. [•]		Re: Account No. [•]

Sehr geehrte Damen und ▇▇▇▇▇▇,		Dear Sirs,

Wir bestätigen hiermit den Erhalt der Verpfändungsanzeige vom [Datum] sowie der Kopie des Kontoverpfändungsvertrags vom [•] und unser Einverständnis mit den ▇▇▇▇▇ enthaltenen Bestimmungen.		We hereby acknowledge receipt of the notice of pledge dated [date] and of a copy of the account pledge agreement dated [•] and confirm our agreement with the terms set out therein.

Wir versichern, dass wir keine Verpfändungsanzeige bzgl. der verpfändeten Konten erhalten haben und uns mit Ausnahme unseres AGB-Pfandrechts keine Rechte Dritter an den verpfändeten Konten bekannt sind.		We confirm that we have neither received any previous notice of pledge relating to the pledged accounts nor are we aware of any third party rights in relation to the accounts except for the right of pledge arising pursuant to our general business conditions.

Wir verpflichten uns hiermit, sowohl im eigenen Namen als auch für unsere jeweiligen Rechtsnachfolger, die in der obengenannten Verpfändungsanzeige enthaltenen Bestimmungen und Anweisungen zu befolgen.		We hereby confirm on behalf of ourselves and our legal successors in title that we will act in accordance with the terms and instructions set out in the notice of pledge referred to above.

Wir verzichten hiermit unwiderruflich und bedingungslos auf jegliche Aufrechnungs- und Zurückbehaltungsrechte bzgl. der Konten, wobei ▇▇ ▇▇▇▇▇ Verständnis ist, dass Saldierungen bei Kontokorrentkonten		We hereby irrevocably and unconditionally waive our rights in respect of and agree not to make any set-off from the Accounts or invoke any rights of retention in relation to

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weiterhin vorgenommen und Kontoführungsgebühren und retournierte Schecks den Konten weiterhin ohne Einschränkung belastet werden dürfen.		the Accounts; it being understood that the balancing of current accounts shall be permitted and that account-keeping fees and returned cheques may furthermore be debited without restriction.

Des Weiteren erklären wir hiermit, dass wir das aufgrund unserer Allgemeinen Geschäftsbedingungen an den Konten bestehende Pfandrecht aufgeben.		We hereby release the pledge granted in our favour in respect of the Accounts pursuant to our General Business Conditions.

Dieses Schreiben unterliegt deutschem Recht.		This letter shall be construed in accordance with German law.

In Zweifelsfällen gilt die deutsche Fassung dieses Schreibens.		In cases of doubt the German version of this letter shall prevail.

Mit freundlichen Grüßen		Yours faithfully

[Account Bank]

([Name des Unterzeichners/name of signatory])

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SIGNATURE PAGE

THIS AGREEMENT has been entered into on the date stated at the beginning by:

The Plegor

SIG Asset Holdings Limited



By:	/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇		By:	/s/ Pru ▇▇▇▇▇▇
	Name:	▇▇▇▇▇▇ ▇▇▇▇▇▇		Name:	Pru ▇▇▇▇▇▇
	Title:	Authorised Signatory		Title:	Authorised Signatory

The Collateral Agent

Wilmington Trust (London) Limited

On its own behalf and on behalf of the parties listed in Schedule 1 hereto under a power of attorney



By:	/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇		By:
	Name:	▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇		Name:
	Title:	Relationship Manager		Title:
	\

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SIG ASSET HOLDINGS LIMITED as Pledgor and WILMINGTON TRUST (LONDON) LIMITED as Collateral Agent and OTHERS CONFIRMATION AND AMENDMENT AGREEMENT (Bestätigungs- und Änderungsvertrag) relating to an account pledge agreement entered in connection with a...

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