Ardagh Glass Finance plc - Irish Stock Exchange

(l) Liens arising by reason of any judgment, decree or order of any court so long as such Lien is
adequately bonded and any appropriate legal proceedings that may have been duly initiated
for the review of such judgment, decree or order shall not have been finally terminated or the
period within which such proceedings may be initiated shall not have expired;
(m) Liens on property existing at the time such property is acquired or on property of, or on
shares of Capital Stock or Debt of, any Person existing at the time such Person is acquired by,
merged with or into or consolidated with, the Parent Guarantor or any Restricted Subsidiary;
provided that such Liens (i) do not extend to or cover any property or assets of the Parent
Guarantor or any Restricted Subsidiary other than (A) the property or assets acquired or
(B) the property or assets of the Person acquired, merged with or into or consolidated with
the Parent Guarantor or Restricted Subsidiary and (ii) were created prior to, and not in
connection with or in contemplation of such acquisition, merger or consolidation;
(n) Liens securing the Parent Guarantor’s or any Restricted Subsidiary’s obligations under
Commodity Hedging Agreements, Interest Rate Agreements or Currency Agreements
permitted under clauses (h), (i) and (j) of paragraph (2) under ‘‘—Certain Covenants—
Limitation on Debt’’ or any collateral for the Debt to which such Commodity Hedging
Agreements, Interest Rate Agreements or Currency Agreements relate;
(o) Liens incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other types of social security or other
insurance (including unemployment insurance);
(p) Liens incurred in connection with a cash management program established in the ordinary
course of business for the Parent Guarantor’s benefit or that of any Restricted Subsidiary in
favor of a bank or trust company of the type described in paragraph (1) of ‘‘—Certain
Covenants—Limitation on Guarantees of Debt by Restricted Subsidiaries’’;
(q) Liens encumbering deposits made to secure obligations arising from statutory, regulatory,
contractual, or warranty requirements of the Parent Guarantor or any Restricted Subsidiary,
including rights of offset and set-off;
(r) any extension, renewal or replacement, in whole or in part, of any Lien described in the
foregoing clauses (a) through (q); provided that any such extension, renewal or replacement
shall be no more restrictive in any material respect than the Lien so extended, renewed or
replaced and shall not extend in any material respect to any additional property or assets;
(s) Liens securing Debt incurred to refinance Debt that has been secured by a Lien permitted by
the Indenture, provided that (i) any such Lien shall not extend to or cover any assets not
securing the Debt so refinanced and (ii) the Debt so refinanced shall have been permitted to
be incurred pursuant to clause (n) of paragraph (2) of the ‘‘Limitation on Debt’’ covenant;
(t) purchase money Liens to finance property or assets of the Parent Guarantor or any Restricted
Subsidiary acquired in the ordinary course of business; provided that (i) the related purchase
money Debt shall not exceed the cost of such property or assets and shall not be secured by
any property or assets of the Parent Guarantor or any Restricted Subsidiary other than the
property and assets so acquired and (ii) the Lien securing such Debt shall be created within
90 days of such acquisitions; and
(u) Liens incurred in the ordinary course of business of the Parent Guarantor or any Restricted
Subsidiary with respect to obligations that do not exceed A20 million at any one time
outstanding and that (i) are not incurred in connection with the borrowing of money or the
obtaining of advances or credit (other than trade credit in the ordinary course of business)
and (ii) do not in the aggregate materially detract from the value of the property or materially
148