THE TAKING OF TIIlS 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 Acknowledgment Agreement (Convenio de Reconocimiento) is entered into on this 14th day of February, 2014 (the " Agreement "), by and among Grupo CS! de Mexico, S. de R.L. de C.V., CS! en Saltillo, S. de R.L. de C.V., CS!en Ensenada, S. de R.L. de C.V., CS!Tecniservicio, S. de R.L. de C.V., Reynolds Metals Company de Mexico, S. de R.L. de C.V., Grupo Corporativo Jaguar, S.A. de C.V., Servicios Industriales Jaguar, S.A. de C.V., Servicio Terrestre Jaguar, S.A. de C.V., Pactiv Mexico, S. de R.L. de C.V. and Pactiv Foodservice Mexico, S. de R.L. de C.V., as pledgors under the Pledge Agreements (as defined below), 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 Agreements, 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 Agreements.





Recitals





I. First Pledge Agreement . On January 29, 2010, Grupo CS! de Mexico, S. de R.L. de C.V.,  CS! en  Saltillo,  S. de  R.L.  de  C.V.,  CS!en  Ensenada,  S. de  R.L.  de  C.V.  and  CS! Tecniservicio, S. de R.L. de C.V., among others, as pledgors, and the Pledgee entered into a floating lien pledge agreement (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the " First Pledge Agreement ").





II. Second Pledge Agreement . On September 1, 2010, Reynolds Metals Company de Mexico, S. de R.L. de C.V., among others, as pledgor, and The Bank of New York Mellon, as pledgee, entered into a floating lien pledge agreement (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the " Second Pledge Agreement ").





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|III. | Third  Pledge  Agreement. On April 19, 2011, Pactiv Foodservice Mexico, S. de

R.L. de C.V. (formerly known as Central de Bolsas, S. de R.L. de C.V.), Grupo Corporativo Jaguar,


S.A. de C.V., Servicios Industriales Jaguar, S.A. de C.V., Servicio Terrestre Jaguar, S.A. de C.V., and Pactiv Mexico, S. de R.L. de C.V., as pledgors, and The Bank of New York Mellon, as pledgee, entered into a floating lien pledge agreement (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the " Third








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Pledge  Agreement '',  and together  with  the  First  Pledge  Agreement  and  the  Second  Pledge Agreement, the " Pledge Agreements ").





IV. Amendment No. 8 and Incremental Assumption Agreement . On November 27, 2013, Reynolds Group Holdings Inc., Pactiv LLC, Reynolds Consumer Products Holdings LLC, Closure Systems International Holdings Inc., SIG Euro Holding AG & Co. KGaA, SIG Austria Holding GmbH, Closure Systems International B.V., Evergreen Packaging Inc., Reynolds Consumer Products Inc., Beverage Packaging Holdings (Luxembourg) Ill S.il r.l., Reynolds Group Holdings Limited, the Guarantors from time to time party thereto (as defined therein), the Lenders from time to time party thereto (as defined therein) and the Administrative Agent (as defined therein) entered into the Amendment No. 8 and Incremental Term Loan Assumption Agreement (the " Amendment No. 8 ") related to the Third Amended and Restated Credit Agreement dated as of September 28, 2012 (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the " Third Amended and Restated Credit Agreement "), pursuant to which the Credit Agreement was amended.





V. Loan Modification Agreement . On December 27, 2013, Reynolds Group Holdings Inc., Pactiv LLC, Reynolds Consumer Products Holdings LLC, Closure Systems International Holdings Inc., SIG Euro Holding AG & Co. KGaA, SIG Austria Holding GmbH, Closure Systems International B.V., Evergreen Packaging Inc., Reynolds Consumer Products Inc., Beverage Packaging Holdings (Luxembourg) III S.il r.l., Reynolds Group Holdings Limited, the Guarantors from time to time party thereto (as defined therein), the Lenders from time to time party thereto (as defined therein) and the Administrative Agent (as defined therein) entered into the Loan Modification Agreement (the " Loan Modification Agreement ") related to the Third Amended and Restated Credit Agreement, as amended by Amendment No. 8, pursuant to which the Credit Agreement was amended.





Representations and Warranties





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|I. | Each of the Pledgors hereby represents and warrants, with respect to itself, through its legal representative, that on the date hereof:




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|(a) | the individual executing this Agreement in the name and on behalf of each of the Pledgors has sufficient power and authority, as well as the necessary authority (corporate, organizational or otherwise) to validly execute and deliver this Agreement on their behalf and to validly bind each of the Pledgors under the terms herein, as respectively evidenced in public deed numbers 41,170 through 41,179, all dated January 29, 2014, granted in the notarial record of Jose Luis Villavicencio Castaneda, Notary Public number 218 for Mexico City, Federal District, and that such powers, authority and corporate or other 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:








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Clauses





First.- Acknowledgment . Each Pledgor (a) confirms and agrees that the Pledge Agreements, as applicable, and the Security Interest created by each thereunder continue to be in full force and effect subject to the Legal Reservations (as such term is defined in the Third Amended and Restated Credit Agreement), and (b) acknowledges and agrees that (i) the Amendment No. 8 and the Loan Modification Agreement each constitutes a Loan Document, and (ii) the obligations of the Loan Parties under the Amendment No. 8, the Loan Modification Agreement and the Third Amended and Restated Credit Agreement, as amended by the Amendment No. 8 and the Loan Modification Agreement, constitute Secured Obligations under the Pledge Agreements.





Second.- No Novation . 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. Each 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 and are part of this Agreement.





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





Fourth.- Jurisdiction, Governing Law . 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, in connection with any action or current proceeding, or related with 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.





Fifth.- Language . 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.





The Pledgors :





Grupo CS! de Mexico, S. de R.L. de C.V. CS! en Saltillo, S. de R.L. de C.V.


CS! en Ensenada, S. de R.L. de C.V. CS! Tecniservicio, S. de R.L. de C.V.


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


Grupo Corporativo Jaguar, S.A. de C.V. Servicios Industriales Jaguar, S.A. de C.V. Servicio Terrestre Jaguar, S.A. de C.V. Pactiv Mexico, S. de R.L. de C.V.











By: //s// Carla Argandona Estrada


Name:  Carla Argandona Estrada


Title:  Attorney-in-Fact








The Pledgee :





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











By: //s// Laura Brindisi Reyes Delgado





Name: Laura Brindisi Reyes Delgado


Title: Attorney-in-Fact