Supplement No.37 to the Collateral Agreement



 EXHIBIT 4.13.36 
 The taking of this document or any certified copy of it or any other 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 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 this 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 e-mail communication which refers to 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 this document to an Austrian addressee. 
 SUPPLEMENT NO. 37 (this “Supplement”) dated as of December 20, 2012 to the Collateral Agreement dated as of November 5, 2009 (the “Collateral
Agreement”), among REYNOLDS GROUP HOLDINGS INC., a corporation organized under the laws of the state of Delaware (“RGHI”), PACTIV LLC (f/k/a Pactiv Corporation), a limited liability company organized under the
laws of the state of Delaware (“Pactiv”), EVERGREEN PACKAGING INC., a Delaware corporation (“Evergreen”), REYNOLDS CONSUMER PRODUCTS, INC., a Delaware corporation (“RCPI”),
REYNOLDS CONSUMER PRODUCTS HOLDINGS LLC (f/k/a Reynolds Consumer Products Holdings Inc.), a limited liability company organized under the laws of the state of Delaware (“RCPH” and, together with RGHI, Pactiv, Evergreen and
RCPI, the “U.S. Term Borrowers”), CLOSURE SYSTEMS INTERNATIONAL HOLDINGS INC., a corporation organized under the laws of the state of Delaware (together with the U.S. Term Borrowers, the “Borrowers”),
REYNOLDS GROUP ISSUER LLC, a limited liability company formed under the laws of the state of Delaware (the “U.S. Issuer”), REYNOLDS GROUP ISSUER INC., a corporation organized under the laws of the state of Delaware (the
“U.S. Co-Issuer” and, together with the U.S. Issuer, the “Issuers”), each Subsidiary of Holdings from time to time party thereto (each such Subsidiary, the Borrowers and the Issuers are referred to
collectively herein as the “Grantors”) and THE BANK OF NEW YORK MELLON, as collateral agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined therein). 

A. Reference is made to (a) the Third Amended and Restated Credit Agreement dated as of September 28, 2012 (as
amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or otherwise modified from time to time, the “Credit Agreement”), among the Borrowers, the European Borrowers (as defined therein),
Holdings, the guarantors from time to 

  








 
time party thereto, the lenders from time to time party thereto (the “Lenders”) and Credit Suisse AG, as administrative agent (in such capacity, the
“Administrative Agent”), (b) the Indenture dated as of October 15, 2010 (as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or otherwise modified from time to time, the
“2010 Senior Secured Note Indenture”), among RGHL US Escrow I LLC, RGHL US Escrow I Inc., RGHL Escrow Issuer (Luxembourg) I S.A., The Bank of New York Mellon, as trustee (in such capacity, the “2010 Indenture
Trustee”), principal paying agent, registrar, transfer agent and collateral agent, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent, (c) the Indenture
dated as of February 1, 2011 (as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or otherwise modified from time to time, the “February 2011 Senior Secured Note Indenture”)
among Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., Reynolds Group Issuer (Luxembourg) S.A., the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee (in such capacity, the “February 2011
Indenture Trustee”), principal paying agent, registrar, transfer agent and collateral agent, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent, (d) the
Indenture dated as of August 9, 2011 (as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or otherwise modified from time to time, the “August 2011 Senior Secured Note
Indenture”) among RGHL US Escrow II LLC, RGHL US Escrow II Inc., The Bank of New York Mellon, as trustee (in such capacity, the “August 2011 Indenture Trustee”), principal paying agent, registrar, transfer agent
and collateral agent, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent, (e) the Indenture dated as of September 28, 2012 (as amended, extended, restructured,
renewed, refunded, novated, supplemented, restated, replaced or otherwise modified from time to time, the “2012 Senior Secured Note Indenture”) among Reynolds Group Issuer LLC, Reynolds Group Issuer Inc., Reynolds Group
Issuer (Luxembourg) S.A., the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee (in such capacity, the “2012 Indenture Trustee”), principal paying agent, registrar, transfer agent
and collateral agent, Wilmington Trust (London) Limited, as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent, and (f) the First Lien Intercreditor Agreement dated as of November 5, 2009, as
amended by Amendment No. 1 and Joinder Agreement dated as of January 21, 2010 (as further amended, novated, supplemented, restated or modified from time to time, the “First Lien Intercreditor Agreement”), among the
Collateral Agent, the 2010 Indenture Trustee, the February 2011 Indenture Trustee, the August 2011 Indenture Trustee, the 2012 Indenture Trustee, the Administrative Agent and the Loan Parties party thereto. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms pursuant
to the Collateral Agreement. 

  
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 C. The Grantors have entered into the Collateral Agreement in order to
induce the Secured Parties to extend credit to the Grantors pursuant to the Loan Documents. 
 D.
Section 5.16 of the Collateral Agreement provides that additional Non-U.S. Subsidiaries of Holdings may become Grantors under the Collateral Agreement by execution and delivery of an instrument in the form of Exhibit A to the Collateral
Agreement. Beverage Packaging Holdings (Luxembourg) V S.A., a Luxembourg public limited liability company (société anonyme) (the “New Non-U.S. Subsidiary”), is executing this Supplement in accordance with
the requirements of the Collateral Agreement and the other Loan Documents to become a Grantor under the Collateral Agreement in order to induce the Secured Parties to extend additional credit and as consideration for credit previously extended, in
each case, under the Loan Documents. 
 Accordingly, the Collateral Agent and the New Non-U.S. Subsidiary agree
as follows: 
 SECTION 1. In accordance with Section 5.16 of the Collateral Agreement, the New Non-U.S.
Subsidiary by its signature below becomes a Non-U.S. Grantor under the Collateral Agreement with the same force and effect as if originally named therein as a Non-U.S. Grantor and the New Non-U.S. Subsidiary hereby (a) agrees to all the terms
and provisions of the Collateral Agreement applicable to it as a Non-U.S. Grantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Non-U.S. Grantor thereunder are true and correct on and as of
the date hereof. In furtherance of the foregoing, the New Non-U.S. Subsidiary, as security for the payment and performance in full of the Obligations, does hereby create and grant to the Collateral Agent, its successors and assigns, for the ratable
benefit of the Secured Parties, their successors and assigns, a security interest in and lien on all of the New Non-U.S. Subsidiary’s right, title and interest in and to the Non-U.S. Grantor Pledged Collateral of the New Non-U.S. Subsidiary to
the extent provided in the Collateral Agreement. Each reference to a “Grantor” and “Non-U.S. Grantor” in the Collateral Agreement shall be deemed to include the New Non-U.S. Subsidiary. The Collateral Agreement is hereby
incorporated herein by reference. 
 SECTION 2. The New Non-U.S. Subsidiary represents and warrants to the
Collateral Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms hereof.

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Collateral Agent shall have received counterparts of this Supplement
that, when taken together, bear the signatures of the New Non-U.S. Subsidiary and the Collateral Agent. Delivery of 

  
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an executed signature page to this Supplement by facsimile transmission or other customary means of electronic transmission shall be effective as delivery of a manually signed counterpart of this
Supplement. 
 SECTION 4. The New Non-U.S. Subsidiary hereby represents and warrants that (a) set forth
on Schedules 1, 2(a) and 5 through 7 attached hereto are true and correct schedules of the information, with respect to the New Non-U.S. Subsidiary, required by the Perfection Certificate the form of which is attached as Exhibit B to the Collateral
Agreement and (b) set forth in Schedule 2(a) hereto, is the true and correct legal name of the New Non-U.S. Subsidiary, its form of organization and its jurisdiction of organization. 

SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect.

 SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 SECTION 7. In case any one or more of the provisions contained in this Supplement should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 8. All communications and notices hereunder shall (except as otherwise permitted by the Collateral Agreement) be
in writing and given as provided pursuant to Section 5.01 of the Collateral Agreement. 
 SECTION 9. The New
Non-U.S. Subsidiary agrees to reimburse the Collateral Agent for its out-of-pocket expenses in connection with this Supplement, including the fees, other charges and disbursements of counsel for the Collateral Agent as provided in Section 5.06
of the Collateral Agreement, mutatis mutandis. 

  
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 IN WITNESS WHEREOF, the New Non-U.S. Subsidiary and the Collateral Agent have duly executed
this Supplement to the Collateral Agreement as of the day and year first above written. 
  

			
	 BEVERAGE PACKAGING HOLDINGS

(LUXEMBOURG) V S.A.

		
	 By
	 	 /s/ Karen M. Mower

		 	Name: Karen M. Mower
		 	Title: Authorized Signatory



  
 [Signature
Page to Supplement No. 37 to Collateral Agreement] 








 
			
	 THE BANK OF NEW YORK MELLON, as

Collateral Agent

		
	 By
	 	 /s/ Catherine F. Donohue

		 	Name: Catherine F. Donohue
		 	Title: Vice President



  
 [Signature
Page to Supplement No. 37 to Collateral Agreement] 








 Schedule 1 to 
 Supplement No. 37 to the 
 Collateral Agreement 

Schedules to Supplement No. 37 to Collateral Agreement 

Schedule 1 

Names 
  

					
	 Grantor’s Exact Legal Name
	 	 Other Legal Names Within the Past 5 years

(including date of change)
	 	 Change in Identity or Corporate

Structure Within the Past 5 years

	Beverage Packaging Holdings (Luxembourg) V S.A.	 	None	 	Previously owned by Beverage Packaging Holdings (Luxembourg) III S.à r.l.








 Schedule 2(a) to 
 Supplement No. 37 to the 
 Collateral Agreement 

Schedule 2(a) 

Jurisdictions and Locations 
  

									
	 Grantor
	  	 Jurisdiction of

Organization
	  	 Form of

Organization
	  	 Organizational

Identification

Number
 (if
any)
	  	 Chief Executive Office or Registered
Office
Address
 (including county)

	Beverage Packaging Holdings (Luxembourg) V S.A.	  	Luxembourg	  	a Luxembourg public limited liability company (société anonyme)	  	In process of registration.	  	Daniela Cappello at MAS Luxembourg, 6C rue Gabriel Lippmann, L-5365 Munsbach, Luxembourg








 Schedule 5 to 
 Supplement No. 37 to the 
 Collateral Agreement 

Schedule 5 

UCC Filings 
  

			
	 Grantor
	 	 UCC Filing Office/County Recorder’s Office

	Beverage Packaging Holdings (Luxembourg) V S.A.	 	 Recorder of Deeds
 1101 4th
Street, SW, 5th Floor
 Washington, DC 20024









 Schedule 6 to 
 Supplement No. 37 to the 
 Collateral Agreement 

Schedule 6 

Stock Ownership and Other Equity Interests 
  

													
	 Issuer
	  	Number of Certificate	 	  	 Registered Owners
	  	 Number and Class of
Equity
Interest
	  	Percentage of Equity
Interests	 
	 Reynolds Group Holdings Inc.
	  	 	2	  	  	Beverage Packaging Holdings (Luxembourg) V S.A.	  	1,000 Common	  	 	100.00	% 








 Schedule 7 to 
 Supplement No. 37 to the 
 Collateral Agreement 

Schedule 7 

Debt Instruments 
 None.