THE TAKING OF THIS DOCUMENT OR ANY CERTIFIED COPY OF IT OR ANY DOCUMENT WHICH CONSTITUTES SUBSTITUTE DOCUMENTATION FOR IT, OR ANY DOCUMENT WHICH INCLUDES WRITTEN CONFIRMATIONS OR REFERENCES TO IT, INTO AUSTRIA AS WELL  AS  PRINTING  OUT ANY E-MAIL COMMUNICATION WHICH REFERS TO ANY LOAN DOCUMENT IN AUSTRIA OR SENDING ANY E-MAIL COMMUNICATION TO WHICH A PDF SCAN OF  THIS  DOCUMENT  IS ATTACHED TO AN AUSTRIAN ADDRESSEE OR SENDING ANY E-MAIL COMMUNICATION CARRYING AN ELECTRONIC OR DIGITAL SIGNATURE WHICH REFERS TO ANY LOAN DOCUMENT TO AN AUSTRIAN ADDRESSEE MAY CAUSE THE IMPOSITION OF AUSTRIAN STAMP DUTY. ACCORDINGLY, KEEP THE ORIGINAL DOCUMENT AS WELL AS ALL CERTIFIED COPIES THEREOF AND WRITTEN AND SIGNED REFERENCES TO IT OUTSIDE OF AUSTRIA AND AVOID PRINTING OUT ANY EMAIL COMMUNICATION WHICH REFERS TO ANY LOAN DOCUMENT IN AUSTRIA OR SENDING ANY E­ MAIL COMMUNICATION TO WHICH A PDF SCAN OF THIS DOCUMENT IS ATTACHED TO AN AUSTRIAN ADDRESSEE OR SENDING ANY E-MAIL COMMUNICATION CARRYING AN ELECTRONIC OR DIGITAL SIGNATURE WHICH REFERS TO ANY LOAN DOCUMENT TO AN  AUSTRIAN ADDRESSEE.





This Assignment Agreement (Convenio de Cesi6n) is entered into on this 15th day of October, 2014 (the " A greement"), by and among Closure Systems International B.V. (" C SI"), Pactiv Canada Inc. ( " Pactiv C anada") and The Bank of New York Mellon, acting solely in its capacity as Collateral Agent on behalf and for the benefit of the Secured Parties, as pledgee under the Pledge Agreement (The Bank of New York Mellon, CSI and Pactiv Canada, are referred jointly as the " Parties"), with the acknowledgement of Reynolds Metals Company de Mexico, S. de R.L. de C.V. ( " Reynolds M exico"), in accordance with the following Recitals, Representations and Warranties and  Clauses. Terms used in this Agreement and not otherwise defined herein shall have the meaning set forth in the Pledge Agreement.





Recitals





I. Pledge A greement. On September 1, 2010, CSI, as pledgor, and The Bank of New York Mellon, as pledgee, among others, entered into a partnership interests pledge agreement (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the "Pledge Agreement"), by means of which, among other matters, CSI granted a first priority pledge and security interest (the " Security I nterest") to the Pledgee for the benefit of the Secured Parties, in and to the CSI Pledged Partnership Interest, as collateral security for the due and timely payment, performance and satisfaction when due (whether at  stated maturity, by acceleration or otherwise) of any and all of the Secured Obligations.





II. Acquisition  of Pledged  Partnership  I nterest. Pursuant to an Equity  Interest Assignment Agreement, dated on the date of this Agreement (the "Purchase Agreement"), CSI, as  seller, assigned, conveyed and transferred  all of its respective  rights, title and interests in and to the  CSI Pledged  Partnership  Interest  in favor of  Pactiv  Canada, as purchaser.





Representations  and Warranties





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|-- | ---------------------------------------------------------------------------
|I. | CSI hereby represents and warrants, through its legal representative, that:




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|a. | Itis a private limited liability company duly organized and validly existing under the laws of The Netherlands.







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|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|b. | Before the execution of the Purchase Agreement, it was the sole, legal and beneficial owner (registered as owner in the partners register book of Reynolds Mexico) of, and had legal title to the CSI Pledged Partnership Interest,representing 0.0040291% of the total issued and outstanding capital of Reynolds Mexico,on a fully diluted basis.




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|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|c. | The individual executing this Agreement in its name and on its behalf has sufficient power and authority,as well as the necessary authority (corporate, organizational or otherwise) to validly execute and deliver this Agreement on its behalf and to validly bind it under the terms herein, and that such powers, authority and authorizations have not been revoked, modified or limited in any manner.




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|-- | ------------------------------------------------------------------------------------------------------------------------------------------
|d. | The CSI Pledged Partnership Interest is subject to the Security Interest created in favor of the Pledgee,pursuant to the Pledge Agreement.




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|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|e. | By executing this Agreement it expressly acknowledges the Pledgee's legal capacity and sufficient and necessary authority to act in the name and on behalf of the Secured Parties under the Pledge Agreement.




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|--- | -------------------------------------------------------------------------------------
|II. | Pactiv Canada hereby represents and warrants, through its legal representative, that:




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|-- | ---------------------------------------------------------------------------
|a. | Itis a company duly organized andvalidly existing under the laws of Canada.




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|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|b. | By virtue of the Purchase Agreement,it is the sole,legal and beneficial owner (registered as owner in the partners register book of Reynolds Mexico) of, and has legal title to the CSI Pledged Partnership Interest, representing 0.0040291% of the total issued and outstanding capital of Reynolds Mexico, on a fully diluted basis.




|   |                                                                                                                                                                                                                                                                                                                                                                                                               
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|c. | The individual executing this Agreement in its name and on its behalf  has sufficient power and authority, as well as the necessary authority (corporate, organizational or otherwise) to validly execute and deliver this Agreement on its behalf and to validly bind it under the terms herein, and that such powers, authority and authorizations have not been revoked, modified or limited in any manner.




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|-- | -------------------------------------------------------------------------------------------------------------------------------------------
|d. | The CSI Pledged Partnership Interest is subject to the Security Interest created in favor of the Pledgee, pursuant to the Pledge Agreement.




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|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|e. | By executing this Agreement it expressly acknowledges the Pledgee's legal capacity and sufficient and necessary authority to act in the name and on behalf of the Secured Parties under the Pledge Agreement.




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|---- | --------------------------------------------------------------------------------------
|III. | Reynolds Mexico hereby represents and warrants, through its legal representative,that:







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|   |                                                                                                                                                                          
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|a. | Itis a limited liability company of variable capital(sociedad de responsabilidad limitada decapitalvariable)duly organized and validly existing under the laws of Mexico.




|   |                                                                                                                                                         
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------
|b. | Itacknowledges that the CSI Pledged Partnership Interest is subject to the Security Interest created in favor of the Pledgee under the Pledge Agreement.




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|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------
|c. | The Security Interest created on the CSI Pledged Partnership Interest under the Pledge Agreement is registered in the partners register book of Reynolds Mexico.




|   |                                                                                                                                                                                                                                                                                                                                                                                                              
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|d. | The individual executing this Agreement in its name and on its behalf has sufficient power and authority, as well as the necessary authority (corporate, organizational or otherwise) to validly execute and deliver this Agreement on its behalf and to validly bind it under the terms herein, and that such powers, authority and authorizations have not been revoked, modified or limited in any manner.




NOW, THEREFORE, based on the Recitals and Representations and Warranties contained herein, the Parties hereto agree as follows:





Clauses





First.- Assi gnm ent and Acknowledgment. CSI hereby transfers and assigns to Pactiv Canada which accepts, all of its obligations, rights and interests to and under the Pledge Agreement. Pactiv Canada hereby (a) confinns, acknowledges and agrees that the CSI Pledged Partnership Interest continues to be subject to the Pledge Agreement and the Security Interest created thereunder, which continue to be in full force and effect subject to the Legal  Reservations (as such term  is defined in the Credit Agreement, as amended, extended, restructured, renewed,  novated, supplemented, restated, refunded, replaced or modified from time to time); (b) acknowledges and ratifies all of the terms and conditions of the Pledge Agreement, including, without limitation, all obligations of the Pledgors under the Pledge Agreement; (c) agrees to be bound by the terms of the Pledge Agreement, in its capacity as pledgor thereunder, as new owner of the CSI Pledged Partnership Interest subject to the Security Interest; and (d) assumes, in its capacity as pledgor and as new owner of the CSI Pledged Partnership Interest subject to the Security Interest, all obligations of CSI arising out of the Pledge Agreement.





In view of the foregoing, the Parties hereby expressly acknowledge and agree that all references in the Pledge Agreement to (i) "CSI" shall be understood and construed, to the applicable extent, as references to "Pactiv Canada" and (ii) the "Pledgors" shall be understood and construed as to include "Pactiv Canada" as new owner of the CSI Pledged Partnership Interest.





Second.- R elease. The Pledgee hereby agrees to and acknowledges the above and grants to CSI a full release exclusively with respect to the Pledge Agreement.








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Third.- No N ovation. The Parties hereby expressly  agree that this Agreement shall not extinguish the obligations for the payment of money outstanding under any Loan Document or discharge or release the priority of any Loan Document or any other security therefor. Nothing herein shall be construed as a substitution or novation of the Secured Obligations, which shall remain in full force and effect. Nothing in or implied by this Agreement or in any other document contemplated hereby shall be construed as a release or other discharge of any Secured Obligation. The Pledge Agreement shall remain in full force and effect notwithstanding the execution and delivery of this Agreement.





The Parties agree that this Agreement shall be deemed a "Security Document" for the purposes of and as defined in the First Lien Intercreditor Agreement (and for no other purpose) and that, accordingly, all rights, duties, privileges, protections and benefits of the Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby incorporated by reference.





Fourth.- Entire A greement. The Parties hereby expressly agree that this Agreement is and shall be deemed a part of the Pledge Agreement and, for such reason, all references made in or with respect to the Pledge Agreement, shall include this Agreement.





Fifth.- Jurisdiction,   Governing   L aw.  For  all  matters  relating  to  the  interpretation  and fulfillment of this Agreement, the Parties hereto expressly and irrevocably submit to  the applicable laws of Mexico, and to the jurisdiction of the competent courts sitting in Mexico, Federal District, Mexico with respect to any actions or proceeding brought or derived from this Agreement, and the parties hereby expressly and irrevocably waive their rights to any other jurisdiction to which they may be entitled to by reason of their present  or any future domiciles, or for any other reason.





Sixth.- L anguage. This Agreement is entered into in both the Spanish and English languages; provided that, in the case of any judicial procedure before a Mexican court, the Spanish version shall govern for all purposes.





[Signature page  continues]
























































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IN  WITNESS  WHEREOF,  the Parties  hereto  have  caused  this  Agreement  to be  duly executed on the date first above written.





Closure Systems International B.V.











Pactiv Canada Inc.














The P ledgee:





The Bank of New York Mellon, acting solely in its capacity as Collateral Agent on behalf and for the benefit of the Secured Parties.











___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


Name: Title:











With the acknowledgement of:





Reynolds Metals Company de Mexico, S. de R.L. de C.V.


























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IN  WITNESS  WHEREOF,  the  Parties  hereto  have  caused  this  Agreement  to be duly executed on the date first above written.





Closure Systems International B.V.











_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________








Name:


Title:  Authorised Signatory








Pactiv Canada Inc.











___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


Name:


Title: Authorised Signatory











The P ledgee:





The Bank of New York Mellon, acting solely in its capacity as Collateral Agent on behalf and for the benefit of the Secured Parties".








With the acknowledgement of:





Reynolds Metals Company de Mexico, S. de R.L. de C.V.











__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________


Name:


Title: Authorised Signatory


























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