Document:

EX-10.26

 Exhibit 10.26 

STOCKHOLDERS AGREEMENT 

dated as of 

[                     ] 

among 
 REYNOLDS CONSUMER
PRODUCTS INC. 
 and 

PACKAGING FINANCE LIMITED 
  

 TABLE OF CONTENTS 

 
  

					
	 	  	PAGE	 
		
	ARTICLE 1	  			
	DEFINITIONS	  			
		
	 Section 1.01. Definitions
	  	 	1	 
	 Section 1.02. Other Definitional and Interpretative Provisions
	  	 	4	 
		
	ARTICLE 2	  			
	CORPORATE GOVERNANCE	  			
		
	 Section 2.01. Composition of the Board
	  	 	4	 
	 Section 2.02. Removal
	  	 	6	 
	 Section 2.03. Vacancies
	  	 	6	 
	 Section 2.04. Board Expenses
	  	 	6	 
	 Section 2.05. Board Committees
	  	 	6	 
		
	ARTICLE 3	  			
	CERTAIN COVENANTS AND AGREEMENTS	  			
		
	 Section 3.01. Access; Information
	  	 	7	 
	 Section 3.02. Confidentiality
	  	 	7	 
	 Section 3.03. Conflicting Agreements
	  	 	9	 
	 Section 3.04. Corporate Opportunities
	  	 	9	 
		
	ARTICLE 4	  			
	MISCELLANEOUS	  			
		
	 Section 4.01. Binding Effect; Assignability; Benefit
	  	 	9	 
	 Section 4.02. Notices
	  	 	10	 
	 Section 4.03. Term; Waiver; Amendment
	  	 	11	 
	 Section 4.04. Fees and Expenses
	  	 	11	 
	 Section 4.05. Governing Law
	  	 	11	 
	 Section 4.06. Jurisdiction
	  	 	11	 
	 Section 4.07. Waiver of Jury Trial
	  	 	12	 
	 Section 4.08. Specific Enforcement
	  	 	12	 
	 Section 4.09. Counterparts; Effectiveness
	  	 	12	 
	 Section 4.10. Entire Agreement
	  	 	12	 
	 Section 4.11. Severability
	  	 	12	 

  

			
	Exhibit A	  	Joinder Agreement

	 	

 STOCKHOLDERS AGREEMENT 

This STOCKHOLDERS AGREEMENT (as the same may be amended from time to time in accordance with its terms, the “Agreement”) is
entered into as of [                    ], by and among Reynolds Consumer Products Inc., a Delaware corporation (the “Company”), and
Packaging Finance Limited, a company incorporated pursuant to the laws of New Zealand (“PFL”). 
 W I T N E S S E T H:

 WHEREAS, the Company is currently contemplating an underwritten initial public offering (the “IPO”) of shares of its
Common Stock; 
 WHEREAS, in connection with, and effective upon, the completion of the IPO (such date of completion, the “IPO
Date”) of the Company, the Company and the Stockholder (as defined in Section 1.01 hereof) wish to set forth certain understandings between such parties, including with respect to certain governance matters; and 

NOW, THEREFORE, in consideration of the covenants and agreements contained herein, the parties hereto agree as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. (a) As used in this Agreement, the following terms have the following meanings: 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under
common control with such Person; provided that no security holder of the Company shall be deemed an Affiliate of the Company or any other security holder of the Company solely by reason of any investment in the Company or the existence or
exercise of any rights or obligations under this Agreement or the Company Securities held by such security holder. For the purpose of this definition, the term “control” (including, with correlative meanings, the terms
“controlling”, “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 

“Aggregate Ownership” means, with respect to any Stockholder or group of Stockholders, the total number of Shares (as
determined on a Common Equivalents basis) Beneficially Owned (as defined below) (without duplication) by such Stockholder or group of Stockholders as of the date of such calculation. 

“Beneficially Own” has the meaning set forth in Rule 13d-3 promulgated under the
Exchange Act. 
 “Board” means the board of directors of the Company. 

 “Business Day” means any day except a Saturday, Sunday or other day on
which commercial banks in New York City are authorized by law to close. 
 “Charter” means the Amended and Restated
Certificate of Incorporation of the Company, as the same may be amended from time to time. 
 “Common Equivalents” means
(i) with respect to Common Stock, the number of Shares, (ii) with respect to any Company Securities that are convertible into or exchangeable for Common Stock, the number of Shares issuable in respect of the conversion or exchange of such
securities into Common Stock. 
 “Common Stock” means the common stock, par value $0.001 per share, of the Company and any
other security into which such Common Stock may hereafter be converted or changed. 
 “Company Securities” means
(i) the Common Stock and (ii) securities that entitle the holder to vote in the election of directors to the Board that are convertible into or exchangeable for Common Stock. 

“Director” means any director of the Company from time to time. 

“Exchange” means the Nasdaq Global Select Market or such other stock exchange or securities market on which the Shares are
listed. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Governing Documents” means the Charter, as amended or modified from time to time, and the amended and restated by-laws of the Company, as amended or modified from time to time. 
 “Independent
Director” means an “independent director” as such term is used in the listing requirements of the Exchange. 

“Necessary Action” means, with respect to a specified result, all actions (to the extent such actions are permitted by law
and by the Governing Documents) necessary to cause such result, including (i) voting or providing a written consent or proxy with respect to the Company Securities, (ii) causing the adoption of shareholders’ resolutions and amendments
to the Governing Documents, (iii) causing Directors (to the extent such Directors were nominated or designated by the Person obligated to undertake the Necessary Action, and subject to any fiduciary duties that such Directors may have as
Directors) to act in a certain manner or causing them to be removed in the event they do not act in such a manner, (iv) executing agreements and instruments, and (v) making, or causing to be made, with governmental, administrative or
regulatory authorities, all filings, registrations or similar actions that are required to achieve such result. 
 “Permitted
Assigns” means with respect to the Stockholder, (i) its Affiliates; (ii) any entity that is Beneficially Owned by Mr. Graeme Richard Hart (or his estate, heirs, executor, administrator or other personal representative, or any
of his immediate family members or any trust, fund or other entity which is controlled by his estate, heirs 

  
 2 

 
or any of his immediate family members); (iii) any Affiliate of Mr. Graeme Richard Hart or any entity that is Beneficially Owned by Mr. Graeme Richard Hart (or his estate, heirs,
executor, administrator or other personal representative, or any of his immediate family members or any trust, fund or other entity which is controlled by his estate, heirs or any of his immediate family members) and (iv) any other Transferee
of all of the Shares held at any time by the Stockholder, in each case that is a Transferee of Shares which are Transferred other than pursuant to a widely distributed public sale that agrees in writing to become party to, and be bound to the same
extent as its Transferor by the terms of, this Agreement, in the form of Exhibit A hereto; provided, that upon such Transfer, such Permitted Assign shall be deemed to be a “Stockholder” hereto for all purposes herein. 

“Person” means an individual, corporation, limited liability company, partnership, association, trust or other entity or
organization, including a government or political subdivision or an agency or instrumentality thereof. 
 “PFL” has the
meaning set forth in the recitals to this Agreement and shall include its successors by merger, acquisition, reorganization or otherwise. 

“Shares” means the outstanding shares of Common Stock. 

“Stockholder” means PFL and its Permitted Assigns who shall then be a party to or bound by this Agreement, so long as such
Person shall Beneficially Own any Company Securities. 
 “Subsidiary” means, with respect to any Person, any entity of
which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by such Person. 

“Total Number of Directors” means the total number of directors comprising the Board from time to time. 

“Transfer” (including its correlative meanings, “Transferor”, Transferee” and “Transferred”) means,
with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, charge, encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to
sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer” shall have such correlative meaning as the context
may require. 
 (b) Each of the following terms is defined in the Section set forth opposite such term: 

 

			
	 Term
	  	 Section

	Stockholder Designee	  	2.01
	Company	  	Preamble
	Confidential Information	  	3.02(b)
	Representatives	  	3.02(b)

  
 3 

 Section 1.02. Other Definitional and Interpretative Provisions. The words
“hereof”, “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for
convenience of reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections and Exhibits are to Articles, Sections and Exhibits of this Agreement unless otherwise specified. All Exhibits annexed
hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit or Schedule, but not otherwise defined therein, shall have the meaning as defined in
this Agreement. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes” or “including” are used in this Agreement, they shall
be deemed to be followed by the words “without limitation”, whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms refer to printing, typing and other
means of reproducing words (including electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and
thereof. References to any law include all rules and regulations promulgated thereunder. References to any Person include the successors and Permitted Assigns of that Person. References from or through any date mean, unless otherwise specified, from
and including or through and including, respectively. 
 ARTICLE 2 

CORPORATE GOVERNANCE 

Section 2.01. Composition of the Board. (a) The members of the Board shall be nominated and elected in accordance with the
Governing Documents and the provisions of this Agreement. Effective as of the IPO Date, the Board shall be comprised of seven Directors, which Directors shall initially be Lance Mitchell, Gregory Cole, Thomas Degnan, Helen Golding, Marla Gottschalk,
Richard Noll, and one vacancy, with such vacancy to be filled with the nominee of the Stockholder pursuant to this Agreement. The Chairman of the Board shall initially be Richard Noll. 

(b) From and after the date hereof, the Stockholder shall have the right, but not the obligation, to nominate a number of designees to the
Board, equal to: (i) the Total Number of Directors so long as the Stockholder’s Aggregate Ownership of Shares (as determined on a Common Equivalents basis) continues to be at least 50% of all Shares (as determined on a Common Equivalents
basis); (ii) the highest whole number that is greater than 50% of the Total Number of Directors so long as the Stockholder’s Aggregate Ownership of Shares (as determined on a Common Equivalents basis) continues to be at least 40% (but less than
50%) of all Shares (as determined on a Common Equivalents basis); (iii) the highest whole number that is greater than 40% of the Total Number of Directors so long as the Stockholder’s Aggregate Ownership of all Shares (as determined on a Common
Equivalents basis) continues to be at least 30% (but less than 40%) of all Shares (as determined on a Common Equivalents basis); (iv) the highest whole number that is greater than 25% of the Total Number of Directors so long as the
Stockholder’s Aggregate Ownership of Shares (as determined on a Common 

  
 4 

 
Equivalents basis) continues to be at least 20% (but less than 30%) of all Shares (as determined on a Common Equivalents basis); and (v) the highest whole number (such number always being
equal to or greater than one) that is greater than 10% of the Total Number of Directors so long as the Stockholder’s Aggregate Ownership of Shares (as determined on a Common Equivalents basis) continues to be at least 10% (but less than 20%) of
all Shares (as determined on a Common Equivalents basis). In the event that the Stockholder has nominated less than the total number of designees the Stockholder is entitled to nominate pursuant to this Section 2.01(b), the Stockholder shall
have the right, at any time, to nominate such additional designees to which it is entitled, in which case the Stockholder and the Company shall take, or cause to be taken, all Necessary Action to (A) increase the size of the Board as required
to enable the Stockholder to so nominate such additional designees and (B) appoint such additional designees nominated by the Stockholder to such newly created directorships. Each such individual whom the Stockholder shall designate pursuant to
this Section 2.01(b) and who is thereafter elected and qualifies to serve as a Director shall be referred to herein as a “Stockholder Designee.” 

(c) The parties hereto agree that so long as the Stockholder Designees meet the requirements for Independent Directors in accordance with the
rules of the Exchange, then the Stockholder Designees shall be considered “independent directors” with respect to the requirements of the Exchange, as well as the Governing Documents. 

(d) For so long as the Directors on the Board are divided into three classes, such Stockholder Designees shall be apportioned among such
classes so as to maintain the number of Stockholder Designees in each class as nearly equal as possible. The Stockholder is hereby authorized to assign the Stockholder Designees in office to such classes in connection with the nomination pursuant to
Section 2.01(b). 
 (e) The Company agrees, to the fullest extent permitted by applicable law (including with respect to any applicable
fiduciary duties under Delaware law), to take all Necessary Action to effectuate the above by; (A) including the persons designated pursuant to this Section 2.01 in the slate of nominees recommended by the Board for election at any
meeting of stockholders called for the purpose of electing Directors, (B) nominating and recommending each such individual to be elected as a Director as provided herein, (C) soliciting proxies or consents in favor thereof, and
(D) without limiting the foregoing, otherwise using its reasonable best efforts to cause such nominees to be elected to the Board, including providing at least as high a level of support for the election of such nominees as it provides to any
other individual standing for election as a Director.
 (f) At any time the number of Directors that the Stockholder is entitled to designate
pursuant to this Section 2.01 is less than the number of Stockholder Designees on the Board, the Stockholder shall cause the required number of Directors to resign from the Board or not stand for reelection on or prior to the Company’s
next general meeting of shareholders at which Directors of the Company are to be elected, and any vacancies resulting from such resignation shall be filled by the Board in accordance with the Governing Documents, the rules of the U.S. Securities
Exchange Commission (the “SEC”) and the rules of the Exchange then in effect. 

  
 5 

 (g) For the avoidance of doubt, the rights granted to the Stockholder to designate members
of the Board are additive to, and not intended to limit in any way, the rights that the Stockholder or any of its Affiliates may have to nominate, elect or remove directors under the Governing Documents or the Delaware General Corporation Law. 

Section 2.02. Removal. So long as a Stockholder is entitled to designate one or more nominees pursuant to Section 2.01 such
Stockholder shall have the right to remove any such director (with or without cause), from time to time and at any time, from the Board, exercisable upon written notice to the Company, and the Company shall take all Necessary Action to cause such
removal. 
 Section 2.03. Vacancies. In the event that a vacancy is created on the Board at any time by the death, disability,
resignation or removal (whether by the Stockholder or otherwise in accordance with the Governing Documents, as either may be amended or restated from time to time) of a Stockholder Designee, the Stockholder entitled to appoint such Stockholder
Designee shall be entitled to designate an individual to fill the vacancy so long as the total number of persons that will serve on the Board as designees of such Stockholders immediately following the filling of such vacancy will not exceed the
total number of persons such Stockholder is entitled to designate pursuant to Section 2.01 on the date of such replacement designation. The Company and the Stockholder shall take all Necessary Action to cause such replacement
designee to become a member of the Board. 
 Subject to the provisions of this Section 2.03, the Board may nominate additional
Directors to the Board, or fill any vacancy on the Board, pursuant to the terms of the Governing Documents. 
 Section 2.04. Board
Expenses. The Company shall pay all reasonable out-of-pocket expenses incurred by each Director in connection with attending regular and special meetings of the
Board and any committee thereof, and any such meetings of the board of directors of any Subsidiary of the Company and any committee thereof. 

Section 2.05. Board Committees. As of the IPO Date, the Board has designated each of the following committees: a Compensation,
Nominating and Corporate Governance Committee and an Audit Committee. For so long as the Stockholder has the right to designate one (1) Stockholder Designee pursuant to Section 2.01, the Stockholder shall have the right, but not the
obligation, to designate the members of each committee of the Board pursuant to the formula outlined in Section 2.01(b) hereof; provided that the right of any Stockholder Designee to serve on a committee shall be subject to applicable Law and
the Company’s obligation to comply with any applicable independence requirements of the Exchange. 

  
 6 

 ARTICLE 3 

CERTAIN COVENANTS AND AGREEMENTS 

Section 3.01. Access; Information. For so long as the Stockholder’s Aggregate Ownership of Shares (as determined on a Common
Equivalents Basis) continues to be at least 5% of Shares (as determined on a Common Equivalents Basis), the Company shall, and shall cause its Subsidiaries to, permit the Stockholder, and its designated representatives, at reasonable times and upon
reasonable prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs, finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any
such Subsidiary; provided, however, that the Company shall not be required to disclose any privileged information of the Company so long as the Company has used its best efforts to provide such information to the Stockholder, as
applicable, without the loss of any such privilege, and notified the Stockholder that such information has not been provided. 

Section 3.02. Confidentiality. (a) The Stockholder agrees that Confidential Information furnished and to be furnished to it
has been and may in the future be made available in connection with the Stockholder’s investment in the Company. The Stockholder agrees that it shall use, and that it shall cause any Person to whom Confidential Information is disclosed pursuant
to clause (i) below to use, the Confidential Information only in connection with its investment in the Company and not for any other purpose (including to disadvantage competitively the Company, any of its Affiliates or any other Stockholder).
The Stockholder further acknowledges and agrees that it shall not disclose any Confidential Information to any Person, except that Confidential Information may be disclosed: 

(i) to such Stockholder’s Representatives in the normal course of the performance of their duties or to any financial
institution providing credit to such Stockholder; 
 (ii) such information becomes known to the public through no fault of
such Stockholder; 
 (iii) to any Person to whom such Stockholder is contemplating a Transfer of its Company Securities;
provided, that such Transfer would not be in violation of the provisions of this Agreement and such potential Transferee is advised of the confidential nature of such information and agrees to be bound by a confidentiality agreement consistent with
the provisions hereof; 
 (iv) to the extent required by applicable law, rule or regulation (including complying with any
oral or written questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process to which a Stockholder is subject; provided that such Stockholder agrees to give the Company prompt
notice of such request(s), to the extent practicable, so that the Company may seek an appropriate protective order or similar relief (and the Stockholder shall cooperate with such efforts by the Company, and shall in any event make only the minimum
disclosure required by such law, rule or regulation)); 
 (v) such information was available or becomes available to such
Stockholder before, on or after the date hereof, without restriction, from a source (other than the Company) without any breach of duty to the Company; 

  
 7 

 (vi) to any regulatory authority to which the Stockholder or any of its
Affiliates is subject; provided that such authority is advised of the confidential nature of such information; 

(vii) to the extent related to the tax treatment and tax structure of the transactions contemplated by this Agreement and in
connection with the IPO (including all materials of any kind, such as opinions or other tax analyses that the Company, its Affiliates or its Representatives have provided to such Stockholder relating to such tax treatment and tax structure);
provided that the foregoing does not constitute an authorization to disclose the identity of any existing or future party to the transactions contemplated by this Agreement and in connection with the IPO or their Affiliates or
Representatives, or, except to the extent relating to such tax structure or tax treatment, any specific pricing terms or commercial or financial information; 

(viii) to the extent required for the Stockholder to comply with tax or financial reporting requirements or audit of financial
statements; 
 (ix) to the extent required in connection with the Stockholder’s insurance policies; or 

(x) if the prior written consent of the Board shall have been obtained. 

Nothing contained herein shall prevent the use (subject, to the extent possible, to a protective order) of Confidential Information in connection with the
assertion or defense of any claim by or against the Company or any Stockholder. 
 (b) “Confidential Information” means any
information concerning the Company or any Persons that are or become its Subsidiaries (including trade secrets, pricing data, employee information, customer information, cost information, supplier information, financial and tax matters, third-party
contract terms, inventions, know-how, processes, methods, models, technical information, schedules, code, ideas, concepts, data, software and business plans (regardless of whether such information is
identified as confidential)) or the financial condition, business, operations or prospects of the Company or any such Persons in the possession of or furnished to any Stockholder (including by virtue of its present or former right to designate a
director of the Company); provided that the term “Confidential Information” does not include information that (i) is or becomes generally available to the public other than as a result of a disclosure by a Stockholder or its
directors, officers, employees, stockholders, members, partners, agents, counsel, investment advisers or other representatives (all such persons being collectively referred to as “Representatives”) in violation of this Agreement,
(ii) was available to such Stockholder on a non-confidential basis prior to its disclosure to such Stockholder or its Representatives by the Company, (iii) becomes available to such Stockholder on a non-confidential basis from a source other than the Company after the disclosure of such information to such Stockholder or its Representatives by the Company, which source is (at the time of receipt of the relevant
information) not, to the best of such Stockholder’s knowledge, bound by a confidentiality agreement with (or other confidentiality obligation to) the Company or another Person or (iv) is independently developed by such Stockholder without
violating any confidentiality agreement with, or other obligation of secrecy to, the Company. 

  
 8 

 Section 3.03. Conflicting Agreements. The Company and the Stockholder represents
and agrees that it shall not grant any proxy or enter into or agree to be bound by any voting trust or agreement with respect to the Company Securities, or enter into any agreement or arrangement of any kind with any Person with respect to any
Company Securities, in each case that is inconsistent with the provisions of this Agreement or for the purpose or with the effect of denying or reducing the rights of any other Stockholder under this Agreement. 

Section 3.04. Corporate Opportunities. To the fullest extent permitted by applicable law, the Company, on behalf of itself and its
Subsidiaries, waives and renounces any right, interest or expectancy of the Company and/or its Subsidiaries in, or in being offered an opportunity to participate in, business opportunities that are from time to time presented to or business
opportunities of which the Stockholder or any of its officers, directors, agents, shareholders, members, partners, Affiliates and Subsidiaries (other than the Company and its Subsidiaries) (each, a “Specified Party”) gain knowledge,
even if the opportunity is competitive with the business of the Company or its Subsidiaries or one that the Company or its Subsidiaries might reasonably be deemed to have pursued or had the ability or desire to pursue if granted the opportunity to
do so and each such Specified Party shall have no duty (statutory, fiduciary, contractual or otherwise) to communicate or offer such business opportunity to the Company and, to the fullest extent permitted by applicable law, shall not be liable to
the Company or any of its Subsidiaries for breach of any statutory, fiduciary, contractual or other duty, as a director or otherwise, by reason of the fact that such Specified Party pursues or acquires such business opportunity, directs such
business opportunity to another person or fails to present or communicate such business opportunity, or information regarding such business opportunity, to the Company or its Subsidiaries. Notwithstanding anything in this Section 3.04 to the
contrary, a Specified Party who is a director of the Company and who is offered a business opportunity for the Company or its Subsidiaries in his or her capacity solely as a director of the Company (a “Directed Opportunity”) shall
be obligated to communicate such Directed Opportunity to the Company; provided, however, that all of the protections of this Section 3.04 shall otherwise apply to the Specified Parties with respect to such Directed Opportunity,
including the ability of the Specified Parties to pursue or acquire such Directed Opportunity, directly or indirectly, or to direct such Directed Opportunity to another person. 

ARTICLE 4 

MISCELLANEOUS 

Section 4.01. Binding Effect; Assignability; Benefit. (a) Except as otherwise provided herein, this Agreement shall inure to
the benefit of and be binding upon the parties hereto and with respect to the Stockholder, those of its Permitted Assigns to whom the Stockholder has assigned or transferred all or part of this Agreement. Any Stockholder that ceases to Beneficially
Own any Company Securities shall cease to be bound by the terms hereof (other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 and 4.11). 

  
 9 

 (b) Neither the Company nor the Stockholder shall assign or transfer all or any part of this
Agreement without the prior written consent of the other parties hereto; provided, however, that the Stockholder shall be entitled to assign, in whole or in part, to any of its Permitted Assigns without such prior written consent. Any such Permitted
Assignee that shall become a party to this Agreement shall (unless already bound hereby) execute and deliver to the Company an agreement to be bound by this Agreement in the form of Exhibit A hereto and shall thenceforth be a
“Stockholder.” 
 (c) Nothing in this Agreement, expressed or implied, is intended to confer on any Person other than the parties
hereto, and in the case of the Stockholder, any of its Permitted Assigns, and, in the case of the Company, any of its permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

Section 4.02. Notices. All notices, requests and other communications to any party shall be in writing and shall be delivered in
person, mailed by certified or registered mail, return receipt requested, or sent by email transmission so long as receipt of such email is requested and received: 

if to the Company to: 
 1900 W.
Field Court 
 Lake Forest, Illinois 60045 

Attention: David Watson, General Counsel 

Email: David.Watson@ReynoldsBrands.com 

if to the Stockholder, to: 
 c/o
Rank Group Limited 
 Floor 9, 148 Quay Street 

Auckland, 1010 New Zealand 

Attention: Helen Golding, Group Legal Counsel 

Email: Helen.Golding@rankgroup.co.nz 

with a copy to: 
 Davis
Polk & Wardwell LLP 
 450 Lexington Avenue 

New York, NY 10017 
 Attention:
Byron B. Rooney 
 Fax: (212) 701-5800 

Email: Byron.Rooney@davispolk.com 

All notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to
5:00 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt.

  
 10 

 Any Permitted Assignee that becomes a Stockholder shall provide its address, fax number and
email address to the Company. 
 Section 4.03. Term; Waiver; Amendment. (a) This Agreement shall terminate as it relates to
a Stockholder on the earlier to occur of: (i) such Stockholder ceases to Beneficially Own any Company Securities, and (ii) upon the delivery of a written notice by such Stockholder to the Company requesting that this Agreement terminate as
it relates to such Stockholder (in each case, other than Sections 3.02, 4.02, 4.05, 4.06, 4.07, 4.08, 4.10 and 4.11) 
 (b) this Agreement
may be amended, waived or otherwise modified only by a written instrument executed by the parties hereto. In addition, any party may waive any provision of this Agreement with respect to itself by an instrument in writing executed by the party
against whom the waiver is to be effective. Except as provided in the preceding sentences, no action taken pursuant to this Agreement, including any investigation by or on behalf of any party, will be deemed to constitute a waiver by the party
taking such action of compliance with any covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Agreement will not operate or be construed as a waiver of any subsequent breach. 

Section 4.04. Fees and Expenses. All costs and expenses incurred in connection with the preparation of this Agreement, or any
amendment or waiver hereof, and the transactions contemplated hereby shall be paid by the party incurring such costs or expenses. 

Section 4.05. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New
York, without regard to the conflicts of laws rules of such state. 
 Section 4.06. Jurisdiction. The parties hereto agree that
any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the
Southern District of New York or any New York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any case of action arising out of this Agreement
shall be deemed to have arisen from a transaction of business in the State of New York, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit,
action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or
proceeding which is brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.
Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 4.02 shall be deemed effective service of process on such party. 

  
 11 

 Section 4.07. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 4.08. Specific Enforcement. Each party hereto acknowledges that the remedies at law of the other parties for a breach or
threatened breach of this Agreement would be inadequate and, in recognition of this fact, any party to this Agreement, without posting any bond, and in addition to all other remedies that may be available, shall be entitled to obtain equitable
relief in the form of specific performance, a temporary restraining order, a temporary or permanent injunction or any other equitable remedy that may then be available. 

Section 4.09. Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, each of which shall be
deemed to be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective upon completion of the IPO on the IPO Date; provided, that this Agreement shall be of
no force and effect prior to the completion of the IPO. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder
(whether by virtue of any other oral or written agreement or other communication). 
 Section 4.10. Entire Agreement. This
Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or undertakings with respect to the subject matter hereof other than those
expressly set forth herein. This Agreement supersedes all other prior agreements and understandings between the parties with respect to such subject matter; provided, however, nothing in this Agreement shall supersede any other agreement or
understanding entered into in connection with the IPO. 
 Section 4.11. Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and
effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such a determination, the parties
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner so that the transactions contemplated hereby be consummated as originally contemplated to the
fullest extent possible. 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	THE COMPANY:
	
	REYNOLDS CONSUMER PRODUCTS INC.
		
	By:	 	
                 

		 	Name:
		 	Title:
	
	THE STOCKHOLDER:
	
	PACKAGING FINANCE LIMITED
		
	By:	 	
                     

		 	Name:
		 	Title:

 EXHIBIT A 

JOINDER TO STOCKHOLDERS AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the
“Joining Party”) in accordance with the Stockholders Agreement dated as of [                    ] (as amended, amended and restated
or otherwise modified from time to time, the “Stockholders Agreement”), as the same may be amended from time to time. Capitalized terms used, but not defined, herein shall have the meaning ascribed to such terms in the Stockholders
Agreement. 
 The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party
shall be deemed to be a party to the Stockholders Agreement as of the date hereof and shall have all of the rights and obligations of a “Stockholder” thereunder as if it had executed the Stockholders Agreement. The Joining Party hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Stockholders Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of the date written below. 

Date:                
        ,              
  

			
	[NAME OF JOINING PARTY]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:

  

			
	Acknowledged by:
	
	REYNOLDS CONSUMER PRODUCTS INC.
		
	By:	 	  

		 	Name:
		 	Title:EX-10.28

 Exhibit 10.28 

TRANSITION SERVICES AGREEMENT 

TRANSITION SERVICES AGREEMENT (the “Agreement”) dated as of [•], 2019, between Rank Group Limited, a
company organized under the laws of New Zealand (“Rank”), and Reynolds Consumer Products Inc., a Delaware corporation, (the “Company” or “RCP”). Each Party or any of its Affiliates providing
services hereunder shall be a “Provider,” and each Party or any of its Affiliates receiving services hereunder shall be a “Recipient.” 

PRELIMINARY STATEMENT 

A.    Prior to the Commencement Date, the Company was a wholly owned subsidiary of Reynolds Group Holdings Limited, a
company organized under the laws of New Zealand (“RGHL”) and a wholly owned Affiliate of Rank. Effective [insert IPO date] (the “Commencement Date”), RCP is undertaking an initial public offering of
shares of common stock and thereafter the Company will no longer be a wholly owned affiliate of Rank. 
 B.    In order
to facilitate the separation of the Company and its Affiliates from Rank and its Affiliates, Rank will provide, or cause its Affiliates to provide, certain services to the Company and its Affiliates on the terms and conditions set forth herein. 

NOW, THEREFORE, the Parties agree as follows: 

ARTICLE I 
 DEFINITIONS 

Section 1.1    Definitions. The following terms shall have the respective meanings set forth below throughout
this Agreement: 
 “Affiliate” means, with respect to any person, any other person who directly or indirectly, through one
or more intermediaries, controls, is controlled by, or is under common control with, such person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
of a person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlled” and “controlling” have meanings correlative thereto. For the avoidance of doubt, for the purposes of this
Agreement and all exhibits thereto, the term Affiliate shall not apply to the relationship between Rank or RGHL or either of their respective Affiliates on the one hand and RCP and its direct and indirect subsidiaries on the other hand. 

“Applicable Rate” means the average of the daily “prime rate” (expressed rate per annum) published in The Wall
Street Journal for each of the days in the applicable period, plus two percent (2%). 
 “Business” means the
manufacture and sale of consumer products including cooking products, waste & storage products, and tableware by the Company and activities ancillary thereto. 

“Business Day” means any day that is not (i) a Saturday, (ii) a Sunday, or (iii) any other day on which
commercial banks are authorized or required by law to be closed in the City of New York. 

 “Change” has the meaning set forth in
Section 3.1(c). 
 “Commencement Date” has the meaning set forth in the preamble. 

“Confidential Information” means any information of a Party, its Affiliates, members, licensors, consultants, service
providers, advisors or agents that is confidential or proprietary, however recorded or preserved, whether written or oral. Confidential Information includes trade secrets, pricing data, employee information, customer information, cost information,
supplier information, financial and tax matters, third-party contract terms, inventions, know-how, processes, methods, models, technical information, schedules, code, ideas, concepts, data, software and
business plans (regardless of whether such information is identified as confidential). 
 “Dispute Negotiations” has the
meaning set forth in Section 3.3(b). 
 “Fees” has the meaning set forth in
Section 5.1. 
 “Force Majeure Event” has the meaning set forth in
Section 10.1. 
 “Governmental Authority” means governmental or quasi-governmental entity of any
nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal) or (iii) body exercising, or entitled to exercise any administrative, executive, judicial, legislative, police, regulatory or
taxing authority or power of any nature, including any arbitral tribunal. 
 “Indemnified Parties” has the meaning set forth
in Section 9.1. 
 “Indemnifying Party” has the meaning set forth in
Section 9.1. 
 “Law” means a law, statute, order, ordinance, rule, regulation, judgment,
injunction, order, or decree. 
 “Litigation” means any action, cease and desist letter, demand, suit, arbitration
proceeding, administrative or regulatory proceeding, citation, summons or subpoena of any nature, civil, criminal, regulatory or otherwise, in law or in equity. 

“Losses” means any and all damages, liabilities, losses, obligations, claims of any kind, interest and expenses (including
reasonable fees and expenses of attorneys). 
 “Party” means Rank or the Company, as applicable (collectively, the
“Parties”). 
 “Personnel” means, with respect to any Party, (i) the employees, officers and directors
of such Party or its Affiliates or (ii) agents, accountants, attorneys, independent contractors and other third parties engaged by such Party or its Affiliates. 

“Provider” has the meaning set forth in the preamble. 

“Recipient” has the meaning set forth in the preamble 

“Rank Guarantees” means all guarantees extended by Rank or RGHL or its Affiliates on behalf of the Company. 

 “Rank Letters of Credit” means all letters of credit, performance bonds or
other surety agreements that Rank or RGHL or its Affiliates have in place with respect to the Company. 
 “Sale and Services
Taxes” has the meaning set forth in Section 5.5. 
 “Security Incident” has the meaning
set forth in Section 4.1. 
 “Security Regulations” means a Party’s and its Affiliates’
system security policies, procedures and requirements, as amended from time to time. 
 “Service Coordinator” has the
meaning set forth in Section 3.3(a). 
 “Service Standard” has the meaning set forth in
Section 3.1(a). 
 “Services” means the Transition Services, unless the context requires
otherwise. 
 “Systems” has the meaning set forth in Section 3.5. 

“Tax” means any federal, state, local or foreign income, alternative, minimum, accumulated earnings, personal holding company,
franchise, capital stock, profits, windfall profits, gross receipts, sales, use, value added, transfer, registration, stamp, premium, excise, customs duties, severance, environmental (including taxes under section 59A of the Code), real
property, personal property, ad valorem, occupancy, license, occupation, employment, payroll, social security, disability, unemployment, workers’ compensation, withholding, estimated or other similar tax, duty, fee, assessment or other
governmental charge or deficiencies thereof (including all interest and penalties thereon and additions thereto). 
 “Terminating
Party” has the meaning set forth in Section 6.3. 
 “Term” has the meaning set forth in
Section 6.1. 
 “Termination Date” has the meaning set forth in
Section 6.1. 
 “Transition Services” has the meaning set forth in
Section 2.1(a). 
 “TSA Records” has the meaning set forth in
Section 7.1(a). 
 ARTICLE II 

SERVICES AND INTERNAL CONTROLS 

Section 2.1    Services. 

(a)    During the applicable Term of any Service, and in accordance with the terms and conditions of this
Agreement, Rank shall provide, or shall cause its Affiliates or, subject to Section 2.2, third parties to provide, to the Company or one or more of its Affiliates (in connection with the conduct of the Business) the
services described on Exhibit A hereto (the “Transition Services”). Notwithstanding the content of Exhibit A, Rank agrees to consider in good faith to any reasonable request by the Company for access to any additional
service that is necessary for the operation of the Business, at fees to be agreed upon after good faith negotiation between the 

 
Parties. Rank will not be in breach of this Agreement if it declines to provide a requested additional service for any good faith reason, including the failure of the Parties to agree to the
scope, term, and fee for the additional service. Any such additional services so provided by Rank shall constitute Services hereunder and be subject in all respects to the provisions of this Agreement as if fully set forth on Exhibit A as of
the date hereof. 
 Section 2.2    Performance by Affiliates or Subcontractors. Either Party may, in its
sole discretion, engage, or cause one of their Affiliates to engage, one or more parties (including other third parties or Affiliates) to provide some or all of the Services; provided, (i) such Party is using such Affiliate or third
party to perform the same Services for itself and its Affiliates (to the extent applicable), (ii) such arrangement would not increase the cost to the Recipient for such Services, and (iii) if such third party is not already engaged with respect
to such Service as of the date hereof, the Provider shall obtain the prior written consent of the Recipient (not to be unreasonably withheld). The Provider shall (x) be responsible for the performance or
non-performance of any such parties and (y) in all cases remain responsible for ensuring that obligations with respect to the standards of Services set forth in Article III of this Agreement are
satisfied with respect to any Services provided by such Affiliate or third party. 
 Section 2.3    Scope of
Services. Other than as expressly set forth on Exhibit A, Section 2.1, or as agreed by the Parties in writing, in no event shall the Provider be obligated to provide any Service to the Recipient for any purpose
other than to facilitate, on a transitional basis, the Recipient’s ability to conduct business as conducted immediately preceding the date hereof. 

Section 2.4    Internal Controls and Procedures. In addition to the requirements of Article III and
Article VII herein, with respect to the Services provided by Rank and its Affiliates providing Services hereunder, certain of the Services may involve processes that directly or indirectly support financial information that the Company
includes within its consolidated financial reports. The Company has an obligation to ensure that it has internal controls over financial reporting that comply with the Sarbanes-Oxley Act of 2002 and must also ensure that its external auditors can
complete their necessary evaluation of the Company’s internal controls over financial reporting in accordance with auditing standards issued by the U.S. Public Company Accounting Oversight Board. The Company and Rank and such Affiliates shall
use reasonable commercial efforts to agree (i) what key controls over financial reporting will be performed by Rank and such Affiliates within the processes that directly or indirectly support financial information that the Company includes
within its consolidated financial reports; (ii) the frequency as to the performance of the agreed key controls; and (iii) the form of documentation required to evidence the effective performance of the agreed key controls. Rank and its
Affiliates will perform the agreed key controls and evidence such performance in the agreed format. The Company shall have the right, in a manner to avoid unreasonable interruption to Rank’s or its Affiliates’ business, to
(1) evaluate the effectiveness of the key controls; and (2) upon at least thirty (30) days’ written notice to Rank, perform (through its external auditor) audit procedures over Rank’s internal controls and procedures for the
Services provided under this Agreement; provided that such right to audit shall exist solely to the extent reasonably required by the Company’s external auditors to ensure the Company’s compliance with the Sarbanes-Oxley Act of
2002. The Company shall pay or reimburse all of Rank’s expenses and costs arising from such audit. The performance of the agreed key controls, preparation of documentation, providing access to the Company or its delegate and the
Company’s auditors will be billed at the agreed rates as set forth on Exhibit A. 

 ARTICLE III 

SERVICE LEVELS; SERVICE COORDINATORS; TSA COMMITTEE 

Section 3.1    Quality of Services. 

(a)    The Provider shall perform the Services (i) at a level of quality substantially similar in all
material respects to that at which such Services were performed or enjoyed during the twelve (12) month period prior to the date hereof and (ii) in accordance with applicable Law (collectively, (i) and (ii), the “Service
Standard”). Subject to Section 3.1(c), internal controls of the Provider and its Affiliates with respect to the Service Standard shall remain materially the same in effect throughout the term of this Agreement.
Each Party acknowledges that the other Party and their Affiliates are not professional service providers of the Services. 

(b)    In the event of any material failure of a Provider to perform the Services, as applicable, in
accordance with the Service Standards, the Recipient shall provide the Provider with written notice of such material failure, and the Provider will use commercially reasonable efforts to remedy such failure as soon as reasonably possible and in the
same manner that the Provider would remedy such a failure for their other businesses undergoing such a material failure. 

(c)    A Provider may, from time to time: (i) reasonably supplement, modify, upgrade, substitute or
otherwise alter (“Change”) any Service in a manner consistent with Changes made with respect to similar services provided by the Provider on their own behalf or to their Affiliates, including taking any physical or information
security measures with respect to such Service, in a manner that does not (x) adversely affect in any material respect the quality or availability of such Service or (y) materially increase the fees payable in connection with such Changed
Service; provided that to the extent that any such Change is reasonably likely to modify, substitute or otherwise alter the receipt or use of such Service, the Provider shall provide the Recipient with reasonable advance written notice of the
implementation of the Change to the extent practicable under the circumstances; provided, further, that the Service Standard shall continue to apply to such Service following any Change. If a Change is required by applicable Law or is
in response to a threatened Security Incident, the Provider may make any and all changes to the Service necessary to comply with applicable Law and any changes thereto or to respond to such threatened Security Incident in a manner consistent with
responses made by the Provider on its own behalf or in respect of their Affiliates; provided that the Provider shall provide the Recipient such reasonable advance written notice of the implementation of any such Change as may be practicable
under the circumstances; and (ii) with reasonable advance written notice to the Recipient, temporarily suspend the provision of a Service as necessary to conduct Systems maintenance or patching without such suspension constituting a breach of
the Service Standard. 
 (d)    A Provider need not provide any Service if it is not permitted to do so
by applicable Law. To the extent that any Service is not permitted pursuant to applicable Law, the Parties will cooperate in good faith to enter into arrangements reasonably acceptable to each of the Parties under which the Recipient would obtain
the benefit of such Service to the same extent (or as nearly as practicable) as if such Service were permitted by applicable Law. 

 Section 3.2    Policies. Each Party shall, and shall cause
any of its Affiliates or third parties providing or receiving Services (as the case may be) to, follow the reasonable policies, procedures and practices of the other Party and its Affiliates applicable to the Services that are known or made known to
such Party. A failure of a Recipient to act in accordance with this Section 3.2 that prevents a Provider from providing a Service hereunder shall, upon reasonable advance written notice to the Recipient (where practicable),
relieve the Provider of its obligations under the Service until such time as the failure has been cured. 

Section 3.3    Service Coordinators and Dispute Resolution. 

(a)    Rank and the Company shall each nominate a representative to act as the primary contact person with
respect to the performance of the Services (each, a “Service Coordinator”). Unless otherwise agreed upon by the Parties, the Parties shall direct all initial communications relating to this Agreement and the Services to the Service
Coordinators. The initial Service Coordinators for Rank and the Company, including their contact information, are set forth on Exhibit B. Either Party may replace its Service Coordinator at any time by providing notice and contact information
for the newly designated Service Coordinator in accordance with Section 10.5. The Service Coordinators shall oversee the implementation and ongoing operation of this Agreement. The Parties shall ensure that their respective
Service Coordinators shall meet in person or telephonically at such times as are reasonably requested by Rank or the Company to review and discuss the status of, and any issues arising in connection with, the Services or this Agreement. 

(b)    In the event a dispute arises between the Parties under this Agreement, telephonic negotiations
shall be conducted between the Parties’ respective Service Coordinators within ten (10) days following a written request from any Party (“Dispute Negotiations”). If the Service Coordinators are unable to resolve the
dispute within ten (10) days after the Parties have commenced Dispute Negotiations, then either Rank or the Company, by written request to the other Party, may request that such dispute be referred for resolution to the respective presidents
(or similar position) of the divisions implicated by the matter for the Parties, or more senior executive of a Party if such Party so designates, which presidents (or other executives) will have fifteen (15) days to resolve such dispute. If the
presidents of the relevant divisions (or other executives) for each Party do not agree to a resolution of such dispute within fifteen (15) days after the reference of the matter to them, or if the dispute is not otherwise resolved in a friendly
manner as set forth in this Section 3.3, then any unresolved dispute may be resolved pursuant to Section 10.8. 

Section 3.4    Limitation of Services Provided. Except to the extent required to meet the Service Standards,
in providing the Services, the Parties are not obligated to: (i) hire any additional employees; (ii) maintain the employment of any specific employee; (iii) purchase, lease or license any additional equipment or software; or
(iv) make any capital investment to provide or continue providing the Services. The Parties have no responsibility to verify the correctness of any information given to them on behalf of the other Party for the purposes of providing the
Services. 
 Section 3.5    Third Party Licenses and Consents. The Parties will cooperate and assist each
other, and use commercially reasonable efforts, to obtain, or direct its Affiliates to obtain, any third party consents required under the terms of any agreement between a Party or any of its Affiliates, on the one hand, and a third party, on the
other hand, in order for a Party or its 

 
Affiliates to provide the Services during the Term. Notwithstanding the foregoing, if the provision of any Service as contemplated by this Agreement requires the consent, license or approval of
any third party not previously obtained, the Parties shall use commercially reasonable efforts, to obtain as promptly as possible after the Commencement Date, any third party consents, permits, licenses and approvals required under the terms of any
third party agreement in order for the Provider to provide the Services hereunder. The cost of obtaining any consent, permit, license or approval with respect to any Service shall be borne by the Recipient of the relevant Services. If any such
consent, permit, license or approval is not obtained, the Parties will cooperate in good faith to enter into reasonably acceptable arrangements under which the Recipient would obtain the benefit of such Service to the same extent (or as nearly as
practicable) as if such consent were obtained (at Recipient’s cost), and each Party will continue to use commercially reasonable efforts to obtain any such required consent or amendment. The Parties acknowledge that it may not be practical to
try to anticipate and identify every possible legal, regulatory, and logistical impediment to the provision of Services hereunder. Accordingly, each Party will promptly notify the other Party if it reasonably determines that there is a legal,
regulatory, or logistical impediment to the provision of any Service, and the Parties shall each use commercially reasonable efforts to overcome such impediments so that the Services may be provided otherwise in accordance with the terms of this
Agreement. All computer systems or software (“Systems”), data, facilities and other resources owned by a Party, its Affiliates or third parties used in connection with the provision or receipt of the Services, as applicable, shall
remain the property of such Party, its Affiliates or third parties. 
 ARTICLE IV 

SECURITY; SYSTEMS 

Section 4.1    Security Breaches. If any Party discovers (a) any material breach of the Security
Regulations or of the systems used to provide the Services or (b) any breach or threatened breach of the Security Regulations that involves or may reasonably be expected to involve unauthorized access, disclosure or use of the other
Party’s or its Affiliates’ Confidential Information (each of (a) and (b), a “Security Incident”), such Party shall, at the cost of the Party responsible for the Security Incident, (i) promptly (both orally, if
practicable, and in any event in writing) notify the other Party of the Security Incident and (ii) reasonably cooperate with the other Party (1) to take commercially reasonable measures necessary to control and contain the security of such
Confidential Information, (2) to remedy any such Security Incident, including using commercially reasonable efforts to identify and address any root causes for such Security Incident, (3) to furnish full details of the Security Incident to
the other Party and keep such other Party advised of all material measures taken and other developments with respect to such Security Incident, (4) in any litigation or formal action with third parties or in connection with any regulatory,
investigatory or other action of any Governmental Authority and (5) in notifying the other Party’s or its Affiliates’ customers and Personnel and other persons of the Security Incident to the extent reasonably requested by the other
Party. 
 Section 4.2    Systems Security. 

(a)    If Rank, the Company, their Affiliates or their respective Personnel receive access to any of
Rank’s, the Company’s, or their respective Affiliates’, as applicable, Systems in connection with the Services, the accessing Party or its Personnel, as the case may be, shall comply with all of such other Party’s and its
Affiliates’ reasonable Security Regulations known to such accessing Party or its Personnel or made known to such accessing Party or its Personnel in writing, and will not tamper with, compromise or circumvent any security, Security Regulations
or audit measures employed by such other Party or its relevant Affiliate. 

 (b)    Each Party shall, and shall cause its Affiliates
to, as required by applicable Law, (i) ensure that only those of its Personnel who are specifically authorized to have access to the Systems of the other Party or its Affiliates gain such access and (ii) prevent unauthorized access, use,
destruction, alteration or loss of information contained therein, including by notifying its Personnel regarding the restrictions set forth in this Agreement and establishing appropriate policies designed to effectively enforce such restrictions.

 (c)    Each Party shall, and shall cause their respective Affiliates to, access and use only those
Systems of the other Party and its Affiliates, and only such data and information within such Systems, to which they have been granted the right to access and use. Any Party and its Affiliates shall have the right to deny the Personnel of the other
Party or its Affiliates access to such first Party’s or its Affiliates’ Systems, after prior written notice and consultation with the other Party, in the event the Party reasonably believes that such Personnel pose a security concern. 

Section 4.3    Viruses. The Provider and the Recipient shall each use its commercially reasonable efforts
consistent with its past practices to prevent the introduction or coding of viruses or similar items into the Systems of the other Party. Without limiting the rights and remedies of any Party hereunder, in the event a virus or similar item is
introduced into the Systems of a Party, whether or not such introduction is attributable to the other Party (including such other Party’s failure to perform its obligations under this Agreement), the other Party shall, as soon as practicable,
use its commercially reasonable efforts to assist such Party in reducing the effects of the virus or similar item, and if the virus or similar item causes a loss of operational efficiency or loss of data, upon such Party’s request, work as soon
as practicable to contain and remedy the problem and to restore lost data resulting from the introduction of such virus or similar item. 

Section 4.4    Providers’ Software. Except as authorized by this Agreement or by the Provider’s
express written consent, the Recipient shall not, and shall cause its Affiliates not to, copy, modify, reverse engineer, decompile or in any way alter any software of the Provider or any of its Affiliates. 

Section 4.5    System Upgrades. No Provider shall be required to purchase, upgrade, enhance or otherwise
modify any Systems used by any Recipient as of the date hereof in connection with the business of any Party, or to provide any support or maintenance services for any Systems that have been upgraded, enhanced or otherwise modified from the Systems
that are used in connection with the business of any Party as of the date hereof. 
 ARTICLE V 

FEES 

Section 5.1    Fees. The Recipient shall pay the Provider (i) the fee for each Service set forth on
Exhibit A, (ii) the Providers’ and their Affiliates’ reasonable and documented out-of-pocket expenses incurred in providing the
Services, including the third-party fees and expenses that are charged to the Recipient or their Affiliates in connection with provision of the Services (including any fees and expenses charged by subcontractors permitted to provide the Services
under Section 2.2) but excluding payments made to employees of the Provider or any of their Affiliates pursuant to Section 5.2, and (iii) any other fees as agreed to by the Parties in writing
(collectively, the “Fees”). 

 Section 5.2    Responsibility for Wages and Fees. Any
employees of the Provider or any of their Affiliates providing Services to the Recipient under this Agreement will remain employees of the Provider or such Affiliate and shall not be deemed to be employees of the Recipient for any purpose. The
Provider or such Affiliate shall be solely responsible for the payment and provision of all wages, bonuses and commissions, employee benefits, including severance and worker’s compensation, and the withholding and payment of applicable Taxes
relating to such employment. 
 Section 5.3    Invoices. The Provider shall submit or cause to be submitted
to the Recipient in writing, within 15 days after the end of each month, an invoice setting forth the Fees for the Services provided to the Recipient during such month in reasonable detail, as applicable, due under such invoice. 

Section 5.4    Payment. The Recipient shall pay, or cause to be paid, the Fees shown on an invoice no later
than the last business day of the month Recipient received such invoice unless disputed in accordance with Section 5.7. Any amount not received from the invoiced Party within such period shall bear interest at the
Applicable Rate, from and including the last date of such period to, but excluding, the date of payment. 

Section 5.5    Sales Tax, Etc. The Provider shall be entitled to invoice and collect from the Recipient any
additional amounts required for state, local and foreign sales Tax, value added Tax, goods and services Tax or similar Tax with respect to the provision of the Services hereunder, as applicable (“Sale and Services Taxes”).
Notwithstanding the previous sentence, if the Recipient is exempt from liability for such Sale and Services Taxes, it shall provide the Provider with a certificate (or other proof) evidencing an exemption from liability for such Sale and Services
Taxes. The Provider shall be responsible for any losses (including any deficiency, interest and penalties) imposed as a result of a failure to timely remit such Sale and Services Taxes to the applicable tax authority to the extent the Recipient
timely remits such Sale and Services Taxes to the Provider, or the Provider’s failure to do so results from the Provider’s failure to timely charge or invoice such Sale and Services Taxes. The Recipient shall be entitled to any refund of
any such Sale and Services Taxes paid in excess of liability as determined at a later date. The Provider shall promptly notify the Recipient of any deficiency claim or similar notice by a tax authority with respect to Sale and Services Taxes payable
hereunder, and of any pending audit or other proceeding that could lead to the imposition of Sales and Services Taxes payable hereunder. 

Section 5.6    No Offset. The Recipient shall not withhold any payments due under this Agreement in order to
offset payments due (or to become due) to the Recipient pursuant to this Agreement unless such withholding is mutually agreed to by the Parties in writing or is provided for in the final ruling of a court. Any required adjustment to payments due
hereunder will be made as a subsequent invoice. 
 Section 5.7    Invoice Disputes. In the event of an
invoice dispute, the disputing Party shall deliver a written statement to the other Party no later than the date payment is due on the disputed invoice listing all disputed items and providing a reasonably detailed description of each disputed item.
Amounts not so disputed shall be deemed accepted and shall be paid, notwithstanding disputes on other items, within the period set forth in Section 5.4. The Parties shall seek to resolve all such disputes expeditiously and
in good faith. The Provider shall continue performing the Services in accordance with this Agreement pending resolution of any dispute. 

 Section 5.8    Audit. At the request of the Recipient, the
Provider shall provide to the Recipient and its Affiliates reasonable access to the Provider’s applicable Personnel and records with respect to the amount charged in connection with any Service so that the Recipient may confirm that the pass
through costs incurred by the Provider or, to the extent such Service is provided on an hourly basis, information related to hours worked in connection with such Service are commensurate with the amount charged to the Recipient for such Service. In
the event the Recipient believes that the amount charged to the Recipient materially exceeds the pass through costs actually incurred by the Provider or hours charged in connection with such Service, the Parties shall review such matter in good
faith. 
 ARTICLE VI 
 TERM AND
TERMINATION 
 Section 6.1    Term of Services. With respect to each of the Services, the term thereof will
be for a period commencing as of the date hereof, unless a different date is specified as the commencement date for any applicable Service on Exhibit A (either, a “Commencement Date”), and shall continue until 24 months
following the Commencement Date unless (i) such other date as is specified as the termination date for any applicable Service in this Agreement or on Exhibit A (the “Term”) or (ii) earlier terminated pursuant to
this Agreement (a “Termination Date”). 
 Section 6.2    Termination of
Services.    Except as agreed by the Parties in writing or as otherwise stated in Exhibit A, the Company may terminate for convenience any Transition Service upon 30 days’ prior written notice of such termination.
Upon termination of any Service pursuant to this Section 6.2, the Company’s obligation to pay for such Service will cease except any sums accrued or due as of the date of such early termination for Services rendered
(which shall include a pro rata portion of any fees applicable to the current period in which such Services are being performed if the applicable fee is determined on a period by period basis as set forth on Exhibit A). The provisions of this
Section 6.2 shall apply mutatis mutandis with respect to any assignment of this Agreement subject to Section 10.10(b) and the Parties will negotiate in good faith regarding fee allocations
and, if necessary, early termination or partial termination of any Services. 
 Section 6.3    Termination of
Agreement. This Agreement shall terminate when the Termination Date has occurred for all Services. In addition, this Agreement may be terminated by either Party (the “Terminating Party”) upon written notice to the other Party
(which notice, in case of material breach, shall specify the basis for such claim for breach), if: 

(a)    the other Party or its Affiliates materially breaches this Agreement and such breach is not cured,
to the reasonable satisfaction of the Terminating Party, within thirty (30) days of written notice thereof, it being understood that a good-faith dispute over an invoice or Service shall not constitute a material breach of this Agreement; or

 (b)    the other Party files for bankruptcy or similar proceeding, is the subject of an involuntary
filing for bankruptcy or similar proceeding (not dismissed within sixty (60) days), makes a general assignment of all or substantially all of its assets for the benefit of creditors, becomes or is declared insolvent, becomes the subject of any
proceedings (not dismissed within sixty (60) days) related to its liquidation, insolvency, bankruptcy or the appointment of a trustee or a receiver, takes any corporate action for its winding up or dissolution, or a court approves
reorganization proceedings on such Party. 

 Section 6.4    Effect of Termination. Upon any termination
or expiration of this Agreement or any Service provided hereunder: 
 (a)    each Party shall, and shall
cause its Affiliates to, as soon as practicable, return to the other Party any equipment, books, records, files and other property, not including current or archived copies of computer files, of the other Party, its Affiliates and their respective
third-party service providers, that is in the Party’s or its Affiliates’ possession or control (and, in case of termination of one or more specific Services, only the equipment, books, records, files and other property, not including
current or archived copies of computer files, that are used in connection with the provision or receipt solely of such Services and of no other Services); and 

(b)    the intellectual property license granted by Section 8.2 shall terminate;
provided, however, that in the case of termination of a specific Service, such license shall terminate only to the extent such license was necessary for the provision or receipt of such Service and is not necessary for any other
Service that has not yet terminated. 
 Section 6.5    Survival. The following Articles and Sections shall
survive the termination or expiration of this Agreement, including the rights and obligations of each Party thereunder: Article I; Article V; this Article VI; Article VII; Article IX; and
Article X. 
 ARTICLE VII 

BOOKS AND RECORDS 

Section 7.1    TSA Books and Records. 

(a)    The Parties shall, and shall cause each of their respective Affiliates to, take reasonable steps to
maintain books and records of all material transactions pertaining to, and all data used by it, in the performance of the Services (the “TSA Records”). The TSA Records shall be maintained (a) in a format substantially similar
to the format such books and records are maintained as of the date hereof, (b) in accordance with any and all applicable Laws, and (c) in accordance with the maintaining Party’s business record retention policies. 

(b)    Each Party shall make the TSA Records it maintains available to the other Party and its Affiliates
and their respective auditors or other representatives, and in any event to any Governmental Authority, during normal business hours on reasonable prior notice (it being understood that TSA Records that are not stored on a Party’s regular
business premises will require additional time to retrieve), for review, inspection, examination and, at the reviewing Party’s reasonable expense, reproduction. Access to such TSA Records shall be exercised by a Party and its Affiliates and
their authorized representatives in a manner that shall not interfere unreasonably with the normal operations of the Party maintaining the TSA Records. In connection with such review of TSA Records, and upon reasonable prior notice, a reviewing
Party and its Affiliates shall have the right to discuss matters relating to the TSA Records with the employees of the Party or its Affiliates who are maintaining the relevant TSA Records and providing the Services, as applicable, during regular

 
business hours and without undue disruption of the normal operations of such maintaining and providing Party or its Affiliates. Neither Party shall have access to any TSA Records, and neither
Party shall be required to provide access or disclose information, when such access or disclosure would jeopardize any attorney-client privilege or violate any applicable Law (provided that such party shall use commercially reasonable efforts to
provide such access or share such information in a manner that would not jeopardize any such privilege or violate any such Law). Each Party’s rights under this Section 7.1(b) shall continue for so long as TSA Records
are required to be maintained by the other Party under Section 7.1(a). 

Section 7.2    Access to Information; Books and Records. 

(a)    On and after the Commencement Date, Rank shall, and shall cause its Affiliates to, until the 7th
anniversary of the Commencement Date, afford to RCP and its employees and authorized representatives during normal business hours reasonable access to their books of account, financial and other records (including accountant’s work papers),
information, employees and auditors at the Company’s expense to the extent necessary or useful for the Company in connection with any audit, investigation, or dispute or Litigation (other than any Litigation involving a dispute between the
Parties) or any other reasonable business purpose relating to the Business; provided that any such access by RCP shall not unreasonably interfere with the conduct of the business of Rank and its Affiliates. 

(b)    After the Commencement Date, RCP shall, and shall cause its Affiliates to, until the 7th anniversary
of the date on which Rank and its Affiliates own less than 10% of the capital stock in RCP (i) afford to Rank and its Affiliates and their respective employees and authorized representatives reasonable access to RCP’s employees and
auditors, (ii) retain all books, records (including accountant’s work papers), and other information and documents pertaining to the Business (iii) afford access to and make available for inspection and copying by Rank (at Rank’s
expense) during normal business hours, in each case so as not to unreasonably interfere with the conduct of the Business by RCP or its Affiliates, their books of account, financial and other records (including accountant’s work papers), and
such other information (A) as may be required by any Governmental Authority, including pursuant to any applicable Law or regulatory request or prepare to file any Tax related documentation, (B) as may be necessary for Rank or its
Affiliates in connection with their ongoing financial reporting, accounting or other purpose related to Rank and its Affiliates’ affiliation with the Company, or (C) as may be necessary for Rank or its Affiliates to perform their
respective obligations pursuant to this Agreement or in connection with any Litigation (other than any Litigation involving a dispute between the Parties), in each case subject to compliance with all applicable privacy Laws. 

(c)    Notwithstanding anything to the contrary in this Section 7.2, the Party
granting access under Section 7.2(a) or Section 7.2(b) may withhold any document (or portions thereof) or information (i) that is subject to the terms of a
non-disclosure agreement with a third party (provided that such party shall use commercially reasonable efforts to share such information in a manner that would not violate any such obligation), (ii) that
may constitute privileged attorney-client communications or attorney work product and the transfer of which, or the provision of access to which, as reasonably determined by such Party’s counsel, constitutes a waiver of any such privilege
(provided that such party shall use commercially reasonable efforts to share 

 
such information in a manner that would not jeopardize any such privilege), or (iii) if the provision of access to such document (or portion thereof) or information, as determined by such
Party’s counsel, would reasonably be expected to conflict with applicable Laws. 
 Section 7.3    Non-Disclosure Agreements. To the extent that any third-party proprietor of information or software to be disclosed or made available to a Recipient in connection with performance of the Services requires a
specific form of non-disclosure agreement as a condition of such third party’s consent to use the same for the benefit of the Recipient or to permit the Recipient access to such information or software,
each Party shall, or shall cause its relevant Affiliate to, as a condition to the receipt of such portion of the Services, execute (and shall cause its Personnel to execute, if reasonably required) any such form. 

Section 7.4    Confidential Information. 

(a)    Each Party agrees to take the necessary steps to protect any Confidential Information of the other
Party with at least the same degree of care that the receiving Party uses to protect its own confidential or proprietary information of like kind, but not less than reasonable care. Neither Party shall use the other Party’s Confidential
Information other than to perform Services pursuant to this Agreement or pursuant to Section 7.2 herein. The obligation of confidentiality hereunder shall not apply to information that (i) was already in the possession
of the receiving Party without restriction on its use or disclosure prior to the receipt of the information from the disclosing Party, (ii) is or becomes available to the general public through no act or fault of the receiving Party,
(iii) is rightfully disclosed to the receiving Party by a third party without restriction on its use or disclosure, (iv) is independently developed by employees and/or consultants of the receiving Party who have not had access to the
disclosing Party’s Confidential Information, (v) is disclosed to the receiving Party after the receiving Party properly gave notice to the disclosing Party that the receiving Party no longer desired to receive any additional Confidential
Information from the disclosing Party, or (vi) is required to be disclosed pursuant to judicial or governmental decree or order, provided that the disclosing Party is, where permitted, given prompt written notice of and the opportunity to
defend against disclosure pursuant to such decree or order. 
 (b)    Upon any termination or expiration
of this Agreement, at the written request of the other Party, each Party shall, and shall cause any of its Affiliates or third-party vendors used in connection with the provision or receipt of the Services to, deliver to the other Party (i) all
records and data (including backup tapes, records and related information) received, computed, developed, processed and stored by it hereunder in a readable format reasonably acceptable to the other Party, and (ii) all other Confidential
Information of such other Party, but excluding, in each case, (1) any information stored electronically in a back-up file pursuant to the receiving Party’s customary electronic back-up practices which may be retained by such Party solely for archival purposes and subject to the continuing confidentiality obligations set forth herein, and (2) any information obtained pursuant to
Section 7.2 herein; provided that, in lieu of delivering all of the foregoing to the other Party, the relevant delivering Party may confirm in writing that it has destroyed, or has caused Rank or the Company, as the case may be, to
destroy, all of the foregoing. 

 ARTICLE VIII 

INTELLECTUAL PROPERTY 

Section 8.1    Ownership of Intellectual Property. Any intellectual property owned by a Party, its Affiliates
or third-party vendors and used in connection with the provision or receipt of the Services, as applicable, shall remain the property of such Party, its Affiliates, or third-party vendors. 

Section 8.2    License. Each Party grants, and shall cause its Affiliates to grant, to the other Party and its
Affiliates, a royalty-free, non-exclusive, non-transferable, worldwide license, during the Term, to use the intellectual property owned by such Party or its Affiliates
(but excluding any trademarks) only to the extent necessary for the other Party and its Affiliates to provide or receive the Services, as applicable. Other than the license granted to a Party and its Affiliates pursuant to the preceding sentence,
neither Party nor its Affiliates shall have any right, title or interest in the intellectual property owned by the other Party or its Affiliates. 

ARTICLE IX 
 REMEDIES 

Section 9.1    Indemnification. Subject to the limitations set forth in this Article IX, each Party
(the “Indemnifying Party”) agrees to indemnify, defend and hold harmless the other Party and its Affiliates and its and their respective directors, officers, employees, agents, representatives, successors and permitted assigns
(collectively, the “Indemnified Parties”) from and against all Losses imposed upon or incurred by an Indemnified Party to the extent arising out of or resulting from the Indemnifying Party’s or its Affiliates’ material
breach of this Agreement, except to the extent that such Losses are primarily caused by the Indemnified Party. 

Section 9.2    Exclusive Remedy. The indemnities provided for in Section 9.1 shall
be the sole and exclusive monetary remedy of the Parties hereto and their Affiliates and their respective officers, directors, employees, agents, representatives, successors and permitted assigns for any breach of or inaccuracy in any representation
or warranty, or any breach, nonfulfillment or default in the performance of any of the covenants or agreements contained in this Agreement, and the Parties shall not be entitled to a rescission of this Agreement or to any further indemnification
rights or claims of any nature whatsoever in respect thereof (including any common law rights of contribution), all of which the Parties hereto hereby waive. 

Section 9.3    Disclaimer. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, (A) NO PARTY MAKES ANY
REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, WITH RESPECT TO THE MATERIALS AND SERVICES, AS APPLICABLE, PROVIDED HEREUNDER, AND ALL SUCH MATERIALS AND SERVICES, AS APPLICABLE, ARE PROVIDED ON AN “AS IS” BASIS AND
(B) EACH PARTY DISCLAIMS ANY AND ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE. 

Section 9.4    Limitations. 

(a)    IN NO EVENT SHALL ANY PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES, OR LOST PROFITS OR LOST REVENUES THAT THE OTHER PARTY MAY INCUR BY REASON OF ITS HAVING 

 
ENTERED INTO OR RELIED UPON THIS AGREEMENT, OR IN CONNECTION WITH ANY OF THE SERVICES PROVIDED HEREUNDER OR THE FAILURE THEREOF, REGARDLESS OF THE FORM OF ACTION IN WHICH SUCH DAMAGES ARE
ASSERTED, WHETHER IN CONTRACT OR TORT (INCLUDING NEGLIGENCE) OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF THE SAME OTHER THAN TO THE EXTENT AWARDED IN A THIRD PARTY CLAIM. 

(b)    EXCEPT WITH RESPECT TO A MATERIAL BREACH CONSTITUTING WILLFUL MISCONDUCT BY A PROVIDER, REPEAT
PERFORMANCE OF A SERVICE BY THE PROVIDER OR REFUND OF THE FEES PAID FOR A SERVICE SHALL BE THE SOLE AND EXCLUSIVE REMEDY FOR BREACH OF THE SERVICES STANDARD FOR SUCH SERVICE. 

(c)    IN NO EVENT SHALL A PARTY’S LIABILITY IN RELATION TO SERVICES PROVIDED UNDER THIS AGREEMENT
EXCEED THE FEES PAID TO IT UNDER THIS AGREEMENT FOR THE SPECIFIC SERVICE THAT RESULTED IN THE LOSS. 

Section 9.5    Insurance. Each Party shall obtain and maintain, for the Term (i) commercial general
liability insurance with a single combined liability limit of at least $5,000,000 per occurrence, (ii) workers compensation/employer’s liability insurance with a liability limit of at least $1,000,000 per occurrence or, if greater, the
statutory minimum, and (iii) “all risk” property insurance on a replacement cost basis adequate to cover all assets and business interruption Losses that a Party may suffer in connection with or arising out of this Agreement, subject to
policy limits and, in the case of the policies described in clause (i) above, naming the other Party as an additional insured thereunder. Upon request, each Party shall provide the other Party a certificate of insurance as proof of insurance
coverage. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.1    Force Majeure. In the event that a Party is wholly or partially prevented from, or delayed in,
providing one or more Services, or one or more Services are interrupted or suspended, by reason of events beyond their reasonable control, which by their nature were not foreseen, or, if it was foreseen, was not reasonably avoidable, including acts
of God, act of Governmental Authority, act of the public enemy or due to fire, explosion, accident, floods, embargoes, epidemics, war, acts of terrorism, nuclear disaster, civil unrest or riots, civil commotion, insurrection, severe or adverse
weather conditions, lack of or shortage of adequate electrical power, malfunctions of equipment or software (each, a “Force Majeure Event”), such Party shall promptly give notice of any such Force Majeure Event to the other Party
and shall indicate in such notice the effect of such event on their ability to perform hereunder and the anticipated duration of such event. The Party whose performance is affected by the Force Majeure Event shall not be obligated to deliver or
cause to be delivered the affected Services during such period, and the applicable Party shall not be obligated to pay during such period for any affected Services not delivered. For the duration of a Force Majeure Event, the Party whose performance
is affected by the Force Majeure Event shall, and shall cause their relevant Affiliates to, minimize to the extent practicable the effect of the Force Majeure Event on their obligations hereunder and use commercially reasonable efforts to avoid or
remove such Force Majeure Event and to resume delivery of the affected Services with the least delay practicable. 

 Section 10.2    Authority. A Provider shall not be permitted
to bind a Recipient or any of its Affiliates or enter into any agreements (oral or written), contracts, leases, licenses or other documents (including the signing of checks, notes, bills of exchange or any other document, or accessing any funds from
any bank accounts of the Recipient or any of its Affiliates) on behalf of the Recipient or any of its Affiliates except with the express prior written consent of the Recipient, which consent may be given from time to time as the need arises and for
such limited purposes as expressed therein. 
 Section 10.3    Specific Performance. The Parties shall be
entitled to seek an injunction to prevent actual or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which they are entitled at law or in
equity. For the avoidance of doubt, nothing contained herein shall prevent a Party from seeking damages (to the extent permitted herein) in the event that specific performance is not available. 

Section 10.4    Status of Parties. This Agreement is not intended to create, nor will it be deemed or
construed to create, any relationship between Rank and its Affiliates, on the one hand, and the Company and its respective Affiliates, on the other hand, other than that of independent entities contracting with each other solely for the purpose of
effecting the provisions of this Agreement. Neither Rank and its Affiliates, on the one hand, nor the Company and its Affiliates, on the other hand, shall be construed to be the agent of the other. 

Section 10.5    Notices. All notices, requests, claims, demands and other communications hereunder shall be in
writing and shall be given by delivery in person, via email (followed by overnight courier), or by registered or certified mail (postage prepaid, return receipt requested) to the other Party hereto as follows: 

if to the Company, 
 Reynolds
Consumer Products Inc. 
 1900 W. Field Court 

Lake Forest, IL 60045 

	 	Attention:	 David Watson 

	 	Email:	 David.Watson@reynoldsbrands.com 

if to Rank, 
 Rank Group Limited

 Level Nine 
 148 Quay Street

 P.O. Box 3515 
 Auckland, New
Zealand 

	 	Attention:	 Helen Golding 

	 	Email:	 helen.golding@rankgroup.co.nz 

or such other address or email as such party may hereafter specify for the purpose by notice to the other Party hereto. All such notices, requests and other
communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed to have been
received on the next succeeding Business Day in the place of receipt. Notwithstanding the foregoing, normal business communications with respect to the Services may be given by the Parties by whatever means are usual and appropriate for such types
of communications. 

 Section 10.6    Entire Agreement. This Agreement, including
all Exhibits, constitute the sole and entire agreement and supersede all prior agreements, understandings and representations, both written and oral, between the Parties with respect to the subject matter hereof provided, however, nothing in this
Agreement shall supersede any other agreement or understanding entered into in connection with the initial public offering of the Company. 

Section 10.7    Waivers and Amendments; Non-Contractual Remedies;
Preservation of Remedies. No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid or binding unless set forth in writing and duly executed by the Party against whom enforcement of the amendment,
modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the Party granting such waiver in any other respect or
at any other time. Neither the waiver by any of the Parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure by any of the Parties, on one or more occasions, to enforce any of the provisions of this
Agreement or to exercise any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature, or as a waiver of any of such provisions, rights or privileges hereunder. The rights and remedies herein
provided are cumulative and none is exclusive of any other, or of any rights or remedies that any Party may otherwise have at law or in equity. 

Section 10.8    Governing Law, etc. 

(a)    This Agreement shall be governed in all respects, including as to validity, interpretation and
effect, by the Laws of the State of Illinois, without giving effect to its principles or rules of conflict of laws, to the extent such principles or rules are not mandatorily applicable by statute and would permit or require the application of the
Laws of another jurisdiction. Each of the Parties hereto submits to the jurisdiction of any state or federal court sitting in Lake County, Illinois, in any action or proceeding arising out of or relating to this Agreement, agrees to bring all claims
under any theory of liability in respect of such action or proceeding exclusively in any such court and agrees not to bring any action or proceeding arising out of or relating to this Agreement in any other court. Each of the Parties hereto waives
any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might be required of any other party with respect thereto. Each Party hereto agrees that service of
summons and complaint or any other process that might be served in any action or proceeding may be made on such Party by sending or delivering a copy of the process to the Party to be served at the address of the Party and in the manner provided for
the giving of notices in Section 10.5. Nothing in this Section 10.8, however, shall affect the right of any Party to serve legal process in any other manner permitted by Law. Each Party hereto agrees that a final, non-appealable judgment in any action or proceeding so brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by Law. 

(b)    The Parties each hereby waive, to the fullest extent permitted by Law, any right to trial by jury of
any claim, demand, action, or cause of action (i) arising under this Agreement or (ii) in any way connected with or related or incidental to the dealings of the Parties hereto in respect of this Agreement or any of the transactions

 
related hereto, in each case whether now existing or hereafter arising, and whether in contract, tort, equity, or otherwise. The Parties to this Agreement each hereby agree and consent that any
such claim, demand, action, or cause of action shall be decided by court trial without a jury and that the parties to this Agreement may file an original counterpart of a copy of this Agreement with any court as written evidence of the consent of
the Parties hereto to the waiver of their right to trial by jury. 
 Section 10.9    Further Assurances.
Each Party covenants and agrees that, without any additional consideration, it shall execute and deliver, or shall cause its Affiliates to execute and deliver, such documents and other papers and shall take, or shall cause its Affiliates to take,
such further actions as may be reasonably required to carry out the provisions of this Agreement and give effect to the transactions contemplated by this Agreement. 

Section 10.10    Assignment. No Party may assign this Agreement, or any of its rights or obligations under
this Agreement (whether by operation of Law or otherwise), without the prior written consent of the other Party (not to be unreasonably withheld or delayed); provided, that notwithstanding the foregoing, any Party may assign any or all of its
rights or obligations under this Agreement without requiring the consent of the other Party if the Agreement is assigned to: (a) its Affiliates, (b) a purchaser of: (i) one or more of its Affiliates that is a Provider or Recipient
under this Agreement; (ii) all or substantially all of the business or assets of one or more of its Affiliates that is a Provider or Recipient under this Agreement; or (iii) all or substantially all of such Party’s business or assets,
or (c) its financing sources solely for collateral purposes, in each case so long as the assignee agrees to be bound by the terms of this Agreement. Any permitted assignment shall be binding upon and inure to the benefit of the Parties and
their respective heirs, successors and permitted assigns. Any attempted assignment of this Agreement, or the rights or obligations herein, not in accordance with the terms of this Section 10.10 shall be void. 

Section 10.11    Letters of Credit and Guarantees. Rank and the Company shall use commercially reasonable
efforts to cause all Rank Letters of Credit and Rank Guarantees, in each case with respect to the Company, to be canceled or terminated, as of the Commencement Date such that Rank and its Affiliates shall be released and have no further obligation
or liability (contingent or otherwise) under such Rank Letters of Credit or Rank Guarantees (to the extent applicable to the Company) from and after the Commencement Date. With respect to any Rank Letters of Credit or Rank Guarantees not terminated
at the Commencement Date, RCP shall use commercially reasonable efforts to replace, cash collateralize or otherwise “backstop” such Rank Letters of Credit and Rank Guarantees at or prior to the Commencement Date. Following the Commencement
Date, RCP shall indemnify Rank and its Affiliates against any and all losses suffered or incurred in connection with the Company under the Rank Letters of Credit or Rank Guarantees. 

Section 10.12    Severability. If any term or other provision of this Agreement is determined by a court of
competent jurisdiction to be invalid, illegal or unenforceable, all other provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any
manner materially adverse to any Party. Upon any such determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that
the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

Section 10.13    Interpretation. 

 (a)    The Parties acknowledge and agree that, except as
specifically provided herein, they may pursue judicial remedies at law or equity in the event of a dispute with respect to the interpretation or construction of this Agreement. 

(b)    This Agreement shall be interpreted and enforced in accordance with the provisions hereof without
the aid of any canon, custom or rule of law requiring or suggesting constitution against the Party causing the drafting of the provision in question. 

Section 10.14    No Third-Party Beneficiaries. Other than the rights granted to the Indemnified Parties under
Section 9.1, nothing in this Agreement is intended or shall be construed to give any person, other than the Parties hereto, their successors and permitted novates, transferees and assigns, any legal or equitable right,
remedy or claim under or in respect of this Agreement or any provision contained herein. 

Section 10.15    Counterparts. This Agreement may be executed in several counterparts, each of which shall be
deemed an original and all of which shall together constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by emailed scanned pages shall be effective as delivery of a manually executed
counterpart to this Agreement. 
 Section 10.16    Headings. The headings in this Agreement are for
reference only and shall not affect the interpretation of this Agreement. 
 Section 10.17    Order of
Precedence. In the event of any conflict between the provisions of any Exhibit and the other provisions of this Agreement, the other provisions of this Agreement shall govern, except to the extent that the relevant provision of the Exhibit
expressly identifies the provision of this Agreement it supersedes and expressly indicates that such provision is being superseded or this Agreement expressly indicates that the Exhibit governs. 

[Signature page follows] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written
above. 
  

			
	Rank Group Limited
		
	 By:
	 	 
	Name:	 	
	Title:	 	
	
	Reynolds Consumer Products Inc.
		
	 By:
	 	 
	Name:	 	
	Title:	 	

 EXHIBIT A 

Transition Services 
 Section
A: Financial Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	  	 Fee (USD)

	A.1	  	Financial Services – Reporting and Consultancy Services	  	 Provision of assistance to prepare and review interim and/or annual RCP filings associated with financial reporting obligations, including
but not limited to:
  

•  Consultation / evaluation / documentation of specific accounting matters;

 
 •  Consultation / evaluation /
assistance in the preparation of any component of the interim or annual filing;
  

•  Consultation / preparation / review of documentation accompanying interim or annual financial
statements, including but not limited to management discussion and analysis, covenant computations, CFO accounting paper, earnings call slides;
  

•  Consultation / assistance in relation to documentation or testing of internal controls over
financial reporting, including the overall project to ensure that RPC is SOX 404 ready; and
  

•  Consultation / assistance to respond to matters raised by external auditors.
	  	24 months from the Commencement Date	  	 Direct reports to Rank’s CFO:

$400 per person / per hour
  

Indirect reports to Rank’s CFO:

$200 per person / per hour
  

Plus pass-through of actual third-party costs incurred in providing the service

					
	A.2	  	Financial Services – Insurance Administration Handover Services	  	 Reasonable provision of insurance administration handover services, including:

 
 •  Assistance with the
completion of policy applications and the gathering of underwriting data for policy renewals in the years 2020 and 2021.
  

•  Assistance with policy placement for the 2020 and 2021 policy years as part of the Rank global
program.
  
 •  Assistance with
the appointment of brokerage services.
  

•  Assistance with transitioning the management of third party risk consulting vendors.

 
 •  Assistance with transitioning
insurance management and placements.
  

•  Assistance with claims management if required.

 
 Any costs for engaging external resources, including Aon services (which are separately
charged in their annual fee), will be passed through to RCP.
	  	12 months from the Commencement Date	  	 $400 per person / per hour
  

Plus pass-through of actual third-party costs incurred in providing the service

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	  	 Fee (USD)

	A.3	  	Financial Services – SOX Compliance	  	In connection with RCP’s obligation to comply with the Sarbanes-Oxley Act of 2002, provision of reasonable support and performance of key controls related to financial reporting as agreed between the Parties.	  	24 months from the Commencement Date	  	 $200 per person / per hour

 
 Plus pass-through of actual third-party costs incurred in
providing the service

 Section B: HR Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	  	 Fee (USD)

	B.1	  	 General HR –
 Administrative
Services
	  	Provision of general administrative transition support to share information and answer questions regarding current practices – such support to be provided by Steve Estes and/or Chris O’Brien, as required.	  	12 months from the Commencement Date	  	 $400 per person / per hour

 
 Plus pass-through of actual third-party costs incurred in
providing the service

					
	B.2	  	 General HR –
 Relationship
Support Services
	  	Provision of relationship support services to the RCP payroll and benefits personnel relating to RCP’s establishment of separate instances of ADP and Empyrean, and separation of key vendor relationships including ADP, Empyrean,
Lockton, and others as required – such services to be provided by Steve Estes and/or Chris O’Brien, as required.	  	12 months from the Commencement Date	  	 $400 per person / per hour
  

Plus pass-through of actual third-party costs incurred in providing the service

 Section C: Legal Services 
  

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	  	 Fee (USD)

	C.1	  	Legal Support Services	  	Provision of legal and related support services with respect to (i) all legal matters (if any) being handled by Rank and its Affiliates prior to the Commencement Date, and (ii) ongoing compliance advice in relation to
certain agreements entered into in connection with the initial public offering of the Company, including the Company’s financing arrangements.	  	24 months from the Commencement Date	  	 $400 per person / per hour

 
 Plus pass-through of actual third-party costs incurred in
providing the service

 Section D: Corporate Secretarial Services 

 

									
	 	  	 Service Name
	  	 Description of Service
	  	 Term
	  	 Fee (USD)

	D.1	  	General Services – Corporate Secretarial	  	Provision of corporate secretarial duties and government filing assistance.	  	24 months from the Commencement Date	  	 $190 per person / per hour

 
 Plus pass-through of actual third-party costs incurred in
providing the service

 EXHIBIT B 

Service Coordinators 
 To be
designated in writing from time to time by each party.

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