Document:

Confirmation and Amendment Agreement, dated November 7, 2012

 EXHIBIT 4.530 
 EXECUTION VERSION 
 Confirmation and Amendment Agreement 

dated 7 November 2012 
 between 
 SIG COMBIBLOC GMBH & CO KG 

(the “Confirming Grantor”) 
 and 
 WILMINGTON TRUST (LONDON) LIMITED 

acting as Collateral Agent under the First Lien Intercreditor Agreement (as defined below) 

for itself and for the benefit and for the account of the Secured Parties 

(the “Collateral Agent”) 
 relating to 
 the Swiss law security document as listed and described in Schedule 1
hereto entered into 
 by the Confirming Grantor and the Collateral Agent acting for itself and for the benefit 

and for the account of the Secured Parties in connection with the Loan Documents. 
 The taking of this document or any certified copy of it or any document which constitutes substitute documentation for it, or any document which includes written confirmations or references to it, into
Austria as well as printing out any e-mail communication which refers to any Loan Document in Austria or sending any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or sending any e-mail communication
carrying an electronic or digital signature which refers to any Loan Document to an Austrian addressee may cause the imposition of Austrian stamp duty. Accordingly, keep the original document as well as all certified copies thereof and written and
signed references to it outside of Austria and avoid printing out any email communication which refers to any Loan Document in Austria or sending any e-mail communication to which a pdf scan of this document is attached to an Austrian addressee or
sending any e-mail communication carrying an electronic or digital signature which refers to any Loan Document to an Austrian addressee. 
 BOREL & BARBEY 
 Geneva 

 
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 THIS CONFIRMATION AND AMENDMENT AGREEMENT is entered into as of the Effective Date (as defined in Clause
2 below) and entered into BETWEEN: 
  

	(1)	SIG Combibloc GmbH & Co KG, a limited partnership organised under the laws of Austria and having its seat in Saalfelden am Steinernen Meer, Austria, and
its business address as at the date of this Agreement at Industriestrasse 3, 5760 Saalfelden, Austria, registered in the Austrian companies register (Firmenbuch) under file number FN 240335 i (the “Confirming Grantor”) on the one
part; and 

  

	(2)	Wilmington Trust (London) Limited, having its business address at Third Floor, 1 King’s Arms Yard, London EC2R 7AF, England, acting under the First Lien
Intercreditor Agreement (as defined below) as Collateral Agent for itself and for the benefit and for the account of the Secured Parties (as defined in the Security Document) (the “Collateral Agent”), on the other part.

 RECITALS 
  

	(A)	 Pursuant to a credit agreement (the “Credit Agreement”) dated November 5, 2009 made between, inter alios, Reynolds Group Holdings
Inc. (“RGHI”), Reynolds Consumer Products Holdings LLC (formerly Reynolds Consumer Products Holdings Inc.), SIG Euro Holding AG & Co. KG aA, Closure Systems International Holdings Inc., Closure Systems International B.V.,
Pactiv LLC (formerly Pactiv Corporation), SIG Austria Holding GmbH, Beverage Packaging Holdings (Luxembourg) III S.à r.l., Evergreen Packaging Inc. and Reynolds Consumer Products Inc. as borrowers (the “Borrowers”), Reynolds
Group Holdings Limited, certain SIG group companies as current guarantors, the lenders from time to time party thereto, and Credit Suisse AG, Cayman Islands Branch, as administrative agent (the “Administrative Agent”), as amended by
Amendment No. 1 dated as of January 21, 2010, as further amended by an Amendment No. 2 and Incremental Term Loan Assumption Agreement dated as of May 4, 2010 (the “Amendment No. 2”), as further amended by an
Amendment No. 3 and Incremental Term Loan Assumption Agreement dated as of September 30, 2010 (the “Amendment No. 3”), as further amended and restated by an Amendment No. 4 and Incremental Term Loan Assumption
Agreement dated as of February 9, 2011 (the “Amendment No. 4”), as further amended by an Amendment No. 5 dated as of March 11, 2011 (the “Amendment No. 5”), as further amended and restated
by an Amendment No. 6 and Incremental Term Loan Assumption Agreement dated as of 

 
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August 9, 2011 (the “Amendment No. 6”), and as further amended and restated by an Amendment No. 7 and Incremental Term Loan Assumption Agreement dated as of
September 28, 2012 (the “Amendment No. 7”), certain facilities were made available to certain of the Borrowers on the terms and conditions thereof. 

 

	(B)	Pursuant to a senior secured note indenture dated November 5, 2009 (the “2009 Senior Secured Note Indenture”), as supplemented by various
supplemental indentures entered into on or before the date of this Agreement, among, inter alios, the Issuers (as defined therein), the Note Guarantors (as defined therein) and The Bank of New York Mellon, as trustee (the “Trustee”)
certain senior secured notes due 2016 were issued to certain noteholders on the terms and conditions thereof. 

  

	(C)	Pursuant to a first lien intercreditor agreement dated November 5, 2009 among The Bank of New York Mellon as collateral agent and as trustee, the Administrative
Agent and, among others, the Confirming Grantor, as amended by Amendment No. 1 dated as of January 21, 2010 (which added Wilmington Trust (London) Limited as a collateral agent under the first lien intercreditor agreement) (the
“First Lien Intercreditor Agreement”), The Bank of New York Mellon and, later, Wilmington Trust (London) Limited were appointed each as a Collateral Agent (as defined therein) with regard to, among other things, the acquisition,
holding and enforcement of Liens on Collateral (both as defined therein). 

  

	(D)	Pursuant to a senior secured note indenture dated October 15, 2010 (the “2010 Senior Secured Note Indenture”) as supplemented by various
supplemental indentures entered into on or before the date of this Agreement among, inter alios, the Issuers (as defined therein), the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee, principal paying
agent, transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited as additional collateral agent, certain senior secured notes due 2019 were issued to certain noteholders on the terms and conditions thereof.

  

	(E)	Pursuant to a senior secured note indenture dated February 1, 2011 (the “February 2011 Senior Secured Note Indenture”) as supplemented by various
supplemental indentures entered into on or before the date of this Agreement among, inter alios, the Issuers (as defined therein), the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee, principal paying
agent, transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as additional collateral agent, certain senior secured notes due 2021 were issued to certain noteholders on the terms and conditions thereof.

 
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	(F)	Pursuant to a senior secured note indenture dated August 9, 2011 (the “August 2011 Senior Secured Note Indenture”) as supplemented by various
supplemental indentures entered into on or before the date of this Agreement among, inter alios, the Issuers (as defined therein) the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee, principal paying
agent, transfer agent, registrar and collateral agent and Wilmington Trust (London) Limited, as additional collateral agent, certain senior secured notes due 2019 were issued to certain noteholders on the terms and conditions thereof.

  

	(G)	The Credit Agreement, the 2009 Senior Secured Note Indenture, the 2010 Senior Secured Note Indenture, the February 2011 Senior Secured Note Indenture, the August 2011
Senior Secured Note Indenture and the First Lien Intercreditor Agreement were supplemented several times by means of guarantor joinders to the Credit Agreement (which also provide for the accession to the First Lien Intercreditor Agreement),
supplemental indentures (see also recital (B)) to the 2009 Senior Secured Note Indenture, supplemental indentures (see also recital (D)) to the 2010 Senior Secured Note Indenture, supplemental indentures (see also recital (E)) to the February 2011
Senior Secured Note Indenture and supplemental indentures (see also recital (F)) to the August 2011 Senior Secured Note Indenture. 

  

	(H)	Pursuant to the Principal Finance Documents, the Parties (as defined below) hereto have entered into the Swiss law security document as listed and described in Schedule
1 hereto (the “Security Document”) over certain assets owned by the Confirming Grantor in order to secure the performance of the Secured Obligations. 

 

	(I)	RGHI, certain of the Borrowers, the Guarantors from time to time party thereto (as defined in the Credit Agreement), the Lenders from time to time party thereto and the
Administrative Agent, among others, have entered into the Amendment No. 2 relating to the Credit Agreement and pursuant to which (i) the Credit Agreement has been amended to, inter alia, increase the incremental term facilities from an
amount of USD 400,000,000 to an amount of USD 1,550,000,000 and (ii) certain incremental term lenders have agreed to make available incremental term loans in an amount of USD 800,000,000 to certain of the Borrowers.

 
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	(J)	RGHI, certain of the Borrowers, the Guarantors from time to time party thereto (as defined in the Credit Agreement), the Lenders from time to time party thereto and the
Administrative Agent, among others, have entered into the Amendment No. 3 relating to the Credit Agreement and pursuant to which the Credit Agreement has been amended to, inter alia, add an incremental tranche A facility of up to
USD 500,000,000 and an incremental tranche D facility of up to USD 1,520,000,000. 

  

	(K)	RGHI, certain of the Borrowers, the Guarantors from time to time party thereto (as defined in the Credit Agreement), the Lenders from time to time party thereto and the
Administrative Agent, among others, have entered into the Amendment No. 4 relating to the Credit Agreement and pursuant to which the Credit Agreement has been amended and restated to, inter alia, add new incremental term loans of up to USD
2,325,000,000 and EUR 250,000,000. 

  

	(L)	RGHI, certain of the Borrowers, the Guarantors from time to time party thereto (as defined in the Credit Agreement), the Lenders from time to time party thereto and the
Administrative Agent, among others, have entered into the Amendment No. 5 relating to the Credit Agreement. 

  

	(M)	RGHI, certain of the Borrowers, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent (all as defined
in the Credit Agreement), among others, have entered into the Amendment No. 6 relating to the Credit Agreement and pursuant to which the Credit Agreement was amended and restated to, inter alia, add new incremental Tranche C term loans of up to
USD 2,000,000,000 (the “Second Amended and Restated Credit Agreement”). 

  

	(N)	The Confirming Grantor has entered into Swiss law-governed confirmation and amendment agreements dated August 27, 2010, January 14,
2011, June 7, 2011 and October 14, 2011, respectively, pursuant to which, among other provisions, the Confirming Grantor has confirmed that the obligations of the Credit Agreement as amended under the Amendment No. 2, the
Amendment No. 3, the Amendment No. 4, Amendment No. 5 and the Amendment No. 6, respectively, and the obligations of the 2010 Senior Secured Note Indenture, the February 2011 Senior Secured Note Indenture and the August 2011
Senior Secured Note Indenture are also secured by the security interest created by the Security Document. 

 
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	(O)	RGHI, the Borrowers, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent (all as defined therein),
among others, have entered into the Amendment No. 7 pursuant to which the Second Amended and Restated Credit Agreement has been amended and restated to, inter alia, make available new incremental term loans of up to USD 2,235,000,000 and
EUR 300,000,000 (the “Third Amended and Restated Credit Agreement”) which have been used, together with funds otherwise available to RGHL and its subsidiaries, to prepay in full the Existing Outstanding Term Loans (as defined
in the Amendment No. 7), amongst other things. 

  

	(P)	Pursuant to a senior secured note indenture dated September 28, 2012 (the “September 2012 Senior Secured Note Indenture”) entered into among,
inter alios, the Issuers (as defined therein), the Senior Secured Note Guarantors (as defined therein), The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent and Wilmington Trust (London)
Limited, as additional collateral agent, certain senior secured notes due 2020 (the “September 2012 Senior Secured Notes”) were issued by the Issuers (as defined therein) to certain noteholders on the terms and conditions thereof.

  

	(Q)	On the Effective Date, the September 2012 Senior Secured Note Indenture and any Senior Secured Note Documents (as defined in the September 2012 Senior Secured Note
Indenture) are each an “Additional Agreement” under the First Lien Intercreditor Agreement as a result of the designation of the obligations with respect to the September 2012 Senior Secured Note Indenture and any Senior Secured Note
Documents (as defined in the September 2012 Senior Secured Note Indenture) as “Additional Obligations” under section 5.02(c) of the First Lien Intercreditor Agreement on 28 September 2012, (the “September 2012 Senior Secured
Notes Designation”). 

 In this respect, it should be noted that the definition of “Loan
Documents” in the Security Document (which is defined to include the “Credit Documents” under, and as defined in, the First Lien Intercreditor Agreement) extends to any “Additional Agreement” (as defined in the First Lien
Intercreditor Agreement). 
  

	(R)	 Concurrently with this Agreement, the Confirming Grantor, among others, has entered into a New York law governed reaffirmation agreement dated as of
the date hereof in respect of the non-Swiss law security to which the Confirming Grantor is a party and the guarantee of the Credit Agreement by the Confirming Grantor and pursuant to which, among other provisions, the Confirming Grantor has
(i) ratified and affirmed the Amendment No. 7 and the transactions contemplated thereby, (ii) confirmed and re-

 
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affirmed its guarantee of the obligations as provided in the Third Amended and Restated Credit Agreement and (iii) confirmed and reaffirmed that its non-Swiss law security extends to the
Third Amended and Restated Credit Agreement and the Additional Obligations as a result of the September 2012 Senior Secured Notes Designation. 

  

	(S)	The Confirming Grantor and the Collateral Agent (acting for itself and for the benefit and for the account of the Secured Parties) (collectively, the
“Parties” and each a “Party”) have agreed to enter into this Agreement in order to ensure that the Security Document continues to secure the Secured Obligations and extends to all obligations of the Confirming
Grantor (i) under the Amendment No. 7 and the Third Amended and Restated Credit Agreement and (ii) in connection with the September 2012 Senior Secured Notes Designation. 

NOW IT IS HEREBY AGREED as follows: 
  

	1.	DEFINITIONS AND CONSTRUCTION 

  

	(a)	Unless defined otherwise herein, capitalized terms and expressions used herein shall have the meaning ascribed to them in the Security Document.

  

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

  

	(c)	For the avoidance of doubt, the Parties confirm, in respect of the Security Document, that any reference in the Security Document, including in this Agreement, to the
term “Credit Agreement” shall be read and construed as a reference to the Credit Agreement as amended, varied, novated, supplemented, restated, superseded or extended from time to time, including pursuant to the Amendment No. 7 and
the Third Amended and Restated Credit Agreement. 

  

	(d)	The Confirming Grantor and the Collateral Agent agree that in the Security Document: 

“Agreed Security Principles” has the meaning it is given in the Credit Agreement, the 2009 Senior Secured Note Indenture,
the 2010 Senior Secured Note Indenture, the 

 
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February 2011 Senior Secured Note Indenture, the August 2011 Senior Secured Note Indenture and the September 2012 Senior Secured Note Indenture (all as defined in the Swiss Confirmation and
Amendment Agreement between SIG Combibloc GmbH & Co KG as Confirming Grantor and Wilmington Trust (London) Limited as Collateral Agent dated 7 November 2012) and any other future Additional Agreement as defined in the First Lien
Intercreditor Agreement and, to the extent of any inconsistency, the meaning it is given in the Credit Agreement shall prevail. 

“Enforcement Event” means any “Event of Default” as defined in the Credit Agreement, the 2009 Senior Secured
Note Indenture, the 2010 Senior Secured Note Indenture, the February 2011 Senior Secured Note Indenture, the August 2011 Senior Secured Note Indenture and the September 2012 Senior Secured Note Indenture (all as defined in the Swiss Confirmation and
Amendment Agreement between SIG Combibloc GmbH & Co KG as Confirming Grantor and Wilmington Trust (London) Limited as Collateral Agent dated 7 November 2012) and any other future Additional Agreement as defined in the First Lien
Intercreditor Agreement, as the context requires it, provided that any notice, lapse of time or other condition precedent to the occurrence of such Event of Default in the relevant instrument shall have been satisfied. 

“Principal Finance Documents” means the Credit Agreement, the 2009 Senior Secured Note Indenture, the 2010 Senior Secured
Note Indenture, the February 2011 Senior Secured Note Indenture, the August 2011 Senior Secured Note Indenture, and the September 2012 Senior Secured Note Indenture (all as defined in the Swiss Confirmation and Amendment Agreement between SIG
Combibloc GmbH & Co KG as Confirming Grantor and Wilmington Trust (London) Limited as Collateral Agent dated 7 November 2012) and any other future Additional Agreement as defined in the First Lien Intercreditor Agreement. 

 

	2.	EFFECTIVE DATE 

 This
Agreement is effective as of the date set forth on its front page (the “Effective Date”). 
  

	3.	CONFIRMATION – AMENDMENT 

 Each Party hereby confirms and agrees that any and all Obligations (as defined in the First Lien Intercreditor Agreement and thus including (i) any and all obligations under or in connection with the
Amendment No. 7 and the Third Amended and Restated Credit Agreement and (ii) any and all obligations that are “Additional Obligations” as a result of the September 2012 Senior Secured Notes Designation, in each case) constitute
“Secured Obligations” as set forth and defined in the Security Document and that, therefore, any and all obligations under or in connection with the Amendment No. 7, 

 
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the Third Amended and Restated Credit Agreement, the September 2012 Senior Secured Note Indenture and the Senior Secured Note Documents (as defined in the September 2012 Senior Secured Note
Indenture), shall also be secured by the security interest created by and pursuant to the Security Document. 
  

	4.	CONTINUITY 

 Each Party
hereby confirms that, notwithstanding the effectiveness of the Amendment No. 7, the Third Amended and Restated Credit Agreement, the September 2012 Senior Secured Notes Designation, the September 2012 Senior Secured Note Indenture and the
Senior Secured Note Documents (as defined in the September 2012 Senior Secured Note Indenture), and subject to Legal Reservations (as defined in the Credit Agreement), the Security Document continues to be in full force and effect, save as amended
by this Agreement, and acknowledges that the security constituted by the Security Document continues to be in full force and effect so as to secure, on a pari passu basis, any and all Secured Obligations (as amended by this Agreement) under
or in connection with the Amendment No. 7, the Third Amended and Restated Credit Agreement, the September 2012 Senior Secured Note Indenture, the Senior Secured Note Documents (as defined in the September 2012 Senior Secured Note Indenture) and
the other Loan Documents. 
 For the avoidance of doubt, for Swiss law purposes, the Collateral Agent shall act and shall be
deemed to act for the benefit and for the account of each of the Secured Parties, including the Additional Secured Parties (as defined in the First Lien Intercreditor Agreement) as a result of the September 2012 Senior Secured Notes Designation, for
the purposes of this Agreement, without any prejudice to the rights and duties laid upon the Collateral Agent under the laws applicable to the Loan Documents. 
  

	5.	MISCELLANEOUS 

  

	(a)	To the extent permitted under the Principal Finance Documents, this Agreement may not be modified, amended, altered or supplemented, in whole or in part, except by a
written agreement signed by the Parties. 

  

	(b)	If any provision of this Agreement is found by any competent authority to be void, invalid or unenforceable, such provision shall be deemed to be deleted from this
Agreement and the remaining provisions of this Agreement shall continue in full force. In this event, the Agreement shall be construed, and, if necessary, amended in a way to give effect to, or to approximate, or to achieve a result which is as
close as legally possible to the result intended by the provision hereof determined to be void, illegal or unenforceable. 

 
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	(c)	The rights of a Party to this Agreement shall not be prejudiced or restricted by any indulgence or forbearance extended to the other Party. A waiver to pursue any
breach of contract by a Party shall not operate as a waiver of the respective right or as a waiver to claim any subsequent breach. Any provision of this Agreement may be waived only by a written statement of the waiving Party.

  

	6.	NOTICES 

  

	(a)	Each notice or other communication to be given under this Agreement shall be given in writing in English and, unless otherwise provided, shall be made by fax, hand
delivery or mail. 

  

	(b)	Without prejudice to any other method of service of notices and communications provided by law, any notice or other communication to be given by one Party to the other
under this Agreement shall (unless one Party has by 5 days’ notice to the other Party specified another address) be given to that other Party at the respective addresses given in section (c) below and shall be effective only when received.

  

	(c)	The addresses are the ones respectively listed in the “Notices” provision of the Security Document; provided that all communications and notices to
Wilmington Trust (London) Limited hereunder shall be given to it at the address set forth below, or to such other address as Wilmington Trust (London) Limited may hereafter specify. 

Wilmington Trust (London) Limited 
 Third Floor 
 1 King’s Arms Yard 

London EC2R 7AF / England 
 Facsimile: +44 (0)20 7397 3601 
 Attention: Paul Barton 

 

	7.	FURTHER ASSURANCE 

Subject to the Agreed Security Principles, the Confirming Grantor shall, at its own expense, promptly, do all acts and execute all
documents that are reasonably required or requested by the Collateral Agent in connection with and for the purpose of the exercise of the rights of the Collateral Agent hereunder or under the Security Document. 

 
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	8.	GOVERNING LAW 

 This
Agreement shall be governed by and construed in accordance with the substantive laws of Switzerland (without regard to the International Private Law provisions thereof). 

 

	9.	JURISDICTION AND ENGLISH COURTS 

  

	(a)	The courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”) arising out of or in connection with this Agreement (including a
Dispute regarding the existence, validity or termination of this Agreement or the consequences of its nullity) or any non-contractual obligations arising out of or in connection with this Agreement. 

 

	(b)	The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Party will argue to the contrary.

  

	(c)	This Clause 9 is for the benefit of the Collateral Agent only. As a result and notwithstanding Clause 9 (a), it does not prevent the Collateral Agent from taking
proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed by law, the Collateral Agent may take concurrent proceedings in any number of jurisdictions. 

 

	10.	SERVICE OF PROCESS 

Without prejudice to any other mode of service allowed under any relevant law, the Confirming Grantor: 

 

	(a)	irrevocably appoints Law Debenture Corporate Services Limited as its agent for service of process in relation to any proceedings before the English courts in connection
with this Agreement; and 

  

	(b)	agrees that failure by an agent for service of process to notify the Confirming Grantor of the process will not invalidate the proceedings concerned.

 
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	11.	COUNTERPARTS 

 This
Agreement may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument. 
 THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK 
 THE FOLLOWING PAGES ARE THE
SIGNATURE PAGES 

 
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 SIGNATURE PAGE COLLATERAL AGENT 
 WILMINGTON TRUST (LONDON) LIMITED  
 as Collateral Agent for itself and for the
benefit and for the account of the Secured Parties 
  

			
	By:	 	 /s/ Elaine Lockhart

	Name:	 	Elaine Lockhart
	Title:	 	Director

 
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 SIGNATURE PAGE SIG COMBIBLOC GMBH & CO KG 

SIG COMBIBLOC GMBH & CO KG 

represented by its general partner SIG Combibloc GmbH 
  

			
	By:	 	 /s/ Cindi Lefari

	Name:	 	Cindi Lefari
	Title:	 	Attorney

			
	 Schedule to Confirmation and Amendment Agreement
	 	
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 SCHEDULE 1 

Security Document 

“Security Document” means the following Swiss law governed agreement between the Confirming Grantor and the Collateral Agent and as
amended and/or confirmed prior to the Effective Date: 
 Assignment of bank accounts dated March 4, 2010 and entered into between SIG
Combibloc GmbH & Co. KG as assignor and Wilmington Trust (London) Limited acting as collateral agent for itself and for the benefit and for the account of the secured parties and as assignee.Fifth Amendment to Quota Pledge Agreement

 EXHIBIT 4.531 
 Execution Version 
  
  

 
 FIFTH AMENDMENT TO THE QUOTA
PLEDGE AGREEMENT 
 Among 
 THE BANK OF NEW YORK MELLON 
 as Collateral Agent for the benefit of the Secured Parties under the First Lien Intercreditor 
 Agreement 
 CLOSURE SYSTEMS
INTERNATIONAL B.V. 
 and 
 CLOSURE SYSTEMS INTERNATIONAL HOLDINGS INC. 
 as Grantors 
 and 

CLOSURE SYSTEMS INTERNATIONAL (BRAZIL) SISTEMAS
DE VEDAÇÃO LTDA. 
 as the Company 

 
  

Dated as of 

November 7, 2012 
  

 
  

 
  

 FIFTH AMENDMENT TO THE QUOTA PLEDGE AGREEMENT 

This Fifth Amendment to the Quota Pledge Agreement (the “Amendment”) is made as of November 7, 2012 by and among: 

(a) CLOSURE SYSTEMS INTERNATIONAL B.V., a company, duly organized and existing in
accordance with the laws of the Netherlands, with its registered office at Teleportboulevard 140, 1043EJ Amsterdam, Netherlands, which is registered under registration number 342G1082 with the Chamber of Commerce, herein duly represented in
accordance with its Charter Documents (together with its successors and permitted assignees, “CSI B.V.”); 

(b) CLOSURE SYSTEMS INTERNATIONAL HOLDINGS INC., a
company duly incorporated and existing under the laws of the State of Delaware, United States of America (“USA”), with its registered office in the State of Delaware at National Registered Agents, Inc, 160 Greentree Drive, Suite 101,
Dover, DE 19904 and principal place of business at 6641 West Broad Street, Richmond, VA, 23230, USA, herein duly represented in accordance with its Charter Documents (together with its successors and permitted assignees, “CSI
Holdings” and together with CSI B.V., the “Grantors”); 
 (c) THE
BANK OF NEW YORK MELLON, a financial institution duly organized and existing under the laws of the State of New York, with its registered office at 101
Barclay Street, 4E, New York, NY 12086, USA, enrolled with the Brazilian Taxpayers Roll of the Ministry of Finance (CNPJ/MF) under no 09.214.177/0001-65, acting exclusively in the capacity as collateral agent of and for the benefit of the
Secured Parties under the First Lien Intercreditor Agreement (together with its successors and permitted assignees in such capacity, the “Collateral Agent”); and 

(d) CLOSURE SYSTEMS INTERNATIONAL (BRAZIL) SISTEMAS
DE VEDAÇÃO LTDA., a limited liability company duly organized and existing in accordance with the laws of Brazil, with its registered office in the City of Barueri, State of São
Paulo, at Alameda Araguaia, no 1.819-1.889, Sítio Tamboré, enrolled with the Brazilian Taxpayers Roll of the Ministry of Finance (CNPJ/MF) under no 09.074.885/0001-48 (the “Company”). 

WHEREAS, on January 29, 2010, the parties hereto entered into the Quota Pledge Agreement (the “Pledge Agreement”).

 WHEREAS, the Pledge Agreement was amended by (i) the Amendment to the Quota Pledge Agreement dated May 4, 2010, in
respect of an Amendment No. 2 and Incremental Term Loan Assumption Agreement dated May 4, 2010, (ii) the Second Amendment to the Quota Pledge Agreement dated November 16, 2010, in respect of an Amendment No. 3 and
Incremental Term Loan Assumption Agreement dated September 30, 2010 and a Senior Secured Notes Indenture dated October 15, 2010, (iii) the Third Amendment to the Quota Pledge Agreement dated March 2, 2011, in respect of an
Amendment No. 4 and Incremental Term Loan Assumption Agreement dated February 9, 2011 and the February 2011 Secured Notes Indenture and (iv) the Fourth Amendment to the Quota Pledge Agreement dated September 8, 2011, in respect
of an Amendment No. 6 and Incremental Term Loan Assumption Agreement dated August 9, 2011 and the August 2011 Secured Notes Indenture. 

 WHEREAS, the following document was entered into on the date, and by and among the parties,
described below: 
 Amendment No. 7 and Incremental Term Loan Assumption Agreement dated September 28, 2012, entered
into by and among, including others, Reynolds Group Holdings Inc., Reynolds Consumer Products Holdings LLC (formerly Reynolds Consumer Products Holdings Inc.), Closure Systems International Holdings Inc., SIG Euro Holding AG & Co. KGaA, SIG
Austria Holding GmbH, Closure Systems International B.V., Pactiv LLC (formerly Pactiv Corporation), Beverage Packaging Holdings (Luxembourg) III S.à r.l., Evergreen Packaging Inc., Reynolds Consumer Products Inc., Reynolds Group Holdings
Limited, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Credit Suisse AG as administrative agent for the Lenders, related to and amending and restating the Credit Agreement dated as of
November 5, 2009, as set out therein and as further amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time (the “Third Amended and Restated Credit
Agreement”). 
 WHEREAS, pursuant to an indenture (the “September 2012 Secured Notes Indenture”) dated
September 28, 2012, and entered into between, among others, Reynolds Group Issuer Inc., Reynolds Group Issuer LLC and Reynolds Group (Luxembourg) S.A. (the “September 2012 Issuers”), The Bank of New York Mellon, as trustee,
principal paying agent, transfer agent, registrar and collateral agent Wilmington Trust (London) Limited as additional collateral agent and The Bank of New York Mellon, London Branch, as paying agent, certain secured notes (the “September
2012 Secured Notes”) were issued by the September 2012 Issuers. 
 WHEREAS, the obligations in respect of the September
2012 Secured Notes Indenture and any Senior Secured Note Documents (as defined therein) have been designated as “Additional Obligations” under, and in accordance with section 5.02(c) of the First Lien Intercreditor Agreement (the
“Secured Notes Designation”). 
 WHEREAS, the parties recognize and agree that the security interest created
under the Pledge Agreement shall extend to secure, in addition to the obligations currently secured thereby, the obligations created under the Third Amended and Restated Credit Agreement and the Additional Documents (as defined under the First Lien
Intercreditor Agreement) in respect of the Secured Notes Designation (“Additional Covered Obligations”). 

WHEREAS, any and all of the U.S. dollar denominated 7.75% senior secured notes due 2016 outstanding under the Senior Secured Notes
Indenture have been repaid or redeemed in full. 
 NOW, THEREFORE, in consideration of the foregoing premises and mutual
covenants contained herein, the parties hereto agree as follows: 

 1. Defined Terms. Capitalized terms used and not otherwise defined in this Amendment
are used herein and in any notice given under this Amendment with the same meanings ascribed to such terms in the Pledge Agreement or any of its amendments. All terms defined in this Amendment shall have the defined meanings contained herein when
used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. 
 2.
Amendment. The parties hereto agree to amend the Pledge Agreement as follows, such amendment to be in force and effect as of the date hereof: 
  

	 	(a)	The following new definitions will be inserted at the appropriate place in alphabetical order with the following wording: 

“Credit Agreement” means the third amended and restated credit agreement dated September 28, 2012 among Reynolds
Group Holdings Inc., Reynolds Consumer Products Holdings LLC (formerly Reynolds Consumer Products Holdings Inc.), SIG Euro Holding AG & Co. KGaA, Closure Systems International Holdings Inc., Closure Systems International B.V., Pactiv LLC
(formerly Pactiv Corporation), SIG Austria Holding GmbH, Beverage Packaging Holdings (Luxembourg) III S.à r.l., Evergreen Packaging Inc. and Reynolds Consumer Products Inc. as borrowers, Reynolds Group Holdings Limited, the lenders from time
to time party thereto and Credit Suisse AG as administrative agent, as further amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time. 

“September 2012 Issuers” means the “Issuers” under, and as defined in, the September 2012 Secured Notes
Indenture, including their successors in interest. 
 “September 2012 Secured Notes Indenture” means the
indenture dated September 28, 2012, between the September 2012 Issuers and The Bank of New York Mellon, as trustee, principal paying agent, transfer agent, registrar and collateral agent, Wilmington Trust (London) Limited as additional
collateral agent and The Bank of New York Mellon, London Branch, as paying agent, as amended, extended, restructured, renewed, refunded, novated, supplemented, restated, replaced or modified from time to time. 

“September 2012 Secured Notes Indenture Secured Parties” shall mean such entities as fall within the definition of
“Additional Secured Parties” under the First Lien Intercreditor Agreement as a result of the designation of the obligations in respect of the September 2012 Secured Notes Indenture and the Senior Secured Note Documents (as defined
therein) being “Additional Obligations” under the First Lien Intercreditor Agreement. 
 (b) In order to evidence the
extension of the security interest created under the Pledge Agreement to the Additional Covered Obligations, the Parties agree to amend the description of the Secured Obligations contained in Schedule A-I of the Pledge Agreement to read as follows:

 DESCRIPTION OF THE SECURED
OBLIGATIONS UNDER THE LOAN DOCUMENTS 
 a) All obligations owed
to the Secured Parties now existing or hereafter arising, direct or indirect, absolute or contingent, due or to become due, under the Loan Documents, including (and without limitation): 

 

	 	(i)	a senior secured U.S. term loan facility in an aggregate principal amount not in excess of US $2,235,000,000 with an interest rate equivalent to the Applicable Margin
plus (a) the greater of (i) 1.00% per annum and (ii) the product of (x) the LIBO Rate in effect for such Interest Period and (y) Statutory Reserves or (b) the Alternate Base Rate as applicable; which shall be
repaid in full on September 28, 2018 (subject to prepayment and acceleration provisions); 

  

	 	(ii)	a senior secured European term loan facility in an aggregate principal amount not in excess of €300,000,000 with an interest rate equivalent to the Applicable
Margin plus (a) the greater of (i) 1.00% per annum and (ii) (x) the EURIBO Rate in effect for such Interest Period plus (y) Mandatory Cost or (b) in the case of loans denominated in Euro, the Foreign Base Rate as
applicable; which shall be repaid in full on September 28, 2018 (subject to prepayment and acceleration provisions); 

  

	 	(iii)	a senior secured U.S. revolving loan facility in an aggregate principal amount not in excess of US $120,000,000, which principal amounts include sub-limits for letter
of credit facilities, with an interest rate equivalent to the Applicable Margin plus (a) the greater of (i) 2.00% per annum and (ii) the product of (x) the LIBO Rate in effect for such Interest Period and (y) Statutory
Reserves or (b) the Alternate Base Rate as applicable; which shall be repaid in full on November 5, 2014 (subject to prepayment and acceleration provisions); 

 

	 	(iv)	a European revolving loan facility in an aggregate principal amount not in excess of €80,000,000, which principal amounts include sub-limits for letter of credit
facilities with an interest rate equivalent to the Applicable Margin plus (a) the greater of (i) 2.00% per annum and (ii) (x) the EURIBO Rate in effect for such Interest Period plus (y) Mandatory Cost or (b) in the
case of loans denominated in Euro, the Foreign Base Rate as applicable; which shall be repaid in full on November 5, 2014 (subject to prepayment and acceleration provisions); and 

 

	 	(v)	incremental loan facilities in a principal amount of up to US $750,000,000 with an interest rate equivalent to the rates set forth in clauses (i) through
(iv) above, as applicable to the relevant incremental loan facility; which shall be repaid in full as set forth in clauses (i) through (iv) above, as applicable to the relevant incremental loan facility or such other as set out in the
relevant Incremental Assumption Agreement, which date of repayment shall be earlier than the dates set forth above as applicable to the relevant incremental loan facility (subject to prepayment and acceleration provisions). 

 b) all other obligations, advances, debts and liabilities owed to the Secured Parties under the Credit
Agreement, including indemnities, fees and interest incurred under, arising out of or in connection with the Credit Agreement. 
 Definitions

 For the purpose of this item “I” of this Schedule A, all capitalized terms used and not otherwise defined in this Agreement
shall have the meaning ascribed to such terms in the Credit Agreement. 
 (c) In order to evidence the extension of the security
interest created under the Pledge Agreement to the Additional Covered Obligations, the Parties also agree to insert Schedule A-VI describing the obligations in respect of the September 2012 Secured Notes: 

DESCRIPTION OF THE OBLIGATIONS UNDER THE
SENIOR SECURED NOTE DOCUMENTS 
 (RELATING
TO THE SEPTEMBER 2012 SECURED NOTES INDENTURE) 

All obligations owed to the September 2012 Secured Notes Indenture Secured Parties now existing or hereafter arising, direct or indirect, absolute or
contingent, due or to become due, under the Senior Secured Note Documents (as such term is defined in the September 2012 Secured Notes Indenture), including (and without limitation): 

 

	 	(i)	the due and punctual payment of: 

  

	 	(a)	(A) US $3,250,000,000 aggregate principal amount on the notes due 2020 and interest, which shall be paid on April 15 and October 15, at the rate of
5.750% per annum (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the notes, when and as due, whether at
maturity, by acceleration, upon one or more dates set for prepayment or otherwise; and 

  

	 	(b)	all other monetary obligations of any September 2012 Issuer to any of the September 2012 Secured Notes Indenture Secured Parties under the Senior Secured Note Documents
(as such term is defined in the September 2012 Secured Notes Indenture), including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency
of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding). 

  

	 	(ii)	the due and punctual performance of all other obligations of the September 2012 Issuers under or pursuant to the Senior Secured Note Documents (as such term is defined
in the September 2012 Secured Notes Indenture); and 

	 	(iii)	the due and punctual payment and performance of all the obligations of each other obligor under or pursuant to the Senior Secured Note Documents (as such term is
defined in the September 2012 Secured Notes Indenture). 

 (d) In order to evidence the repayment or redemption in full of any and
all of the U.S. dollar denominated 7.75% senior secured notes due 2016 issued under the Senior Secured Notes Indenture, the Parties agree to amend the description of the obligations owed to the Indenture Secured Parties contained in Schedule A-II of
the Pledge Agreement by deleting paragraph (i)(a)(A) in its entirety and renaming the subsequent paragraph from (i)(a)(B) to (i)(a). 
 (e) For
the avoidance of doubt, the parties agree that, as a result of this amendment: (i) the obligations created under the Third Amended and Restated Credit Agreement, the September 2012 Secured Notes Indenture and the Senior Secured Note Documents
(as defined therein) shall be considered “Secured Obligations” for the purposes of the Pledge Agreement; and (ii) any September 2012 Secured Notes Indenture Secured Parties (including any holder of the September 2012 Secured Notes)
shall be considered “Secured Parties” for the purposes of the Pledge Agreement. 
 3. Registration of this
Amendment. The Grantor shall, at its own expense, no later than twenty (20) days from the execution date of this Amendment, (i) cause the signature of the parties who have signed this Amendment outside Brazil to be notarized by a
public notary and consularized at the local Brazil consulate, (ii) cause this Amendment to be translated into Portuguese by a public sworn translator (tradutor público juramentado) and (iii) have this Amendment, together with
its sworn translation (tradução juramentada) into Portuguese, annotated at the margin of the registration of the Pledge Agreement with the competent Registry of Deeds and Documents (Cartório de Registro de
Títulos e Documentos) in Brazil, pursuant to Article 128 of Law No. 6,015 of December 31, 1973. The Grantor shall, promptly after such registration, deliver to the Collateral Agent evidence of such registration in form and
substance satisfactory to the Collateral Agent. All expenses incurred in connection with such registrations shall be borne by the Grantor. 
 Notwithstanding the foregoing, the Collateral Agent, at its sole discretion, may decide to undertake any of the registrations, translations, filings and other formalities described herein if Grantor fails
to do so, whereupon the Grantor shall reimburse the Collateral Agent promptly for any and all costs and expenses incurred by it related to such registrations, translations, filings and other formalities in accordance with the provisions of the
Principal Finance Documents. 
 4. Effectiveness of the Pledge Agreement. All the provisions of the Pledge Agreement not
expressly amended as a result of this Amendment shall remain in full force and effect. 
 5. Security Document. The
Parties agree that this Amendment shall be deemed a “Security Document” for the purposes of and as defined in the First Lien Intercreditor Agreement (and for no other purpose) and that, accordingly, all rights, duties, privileges,
protections and benefits of the Collateral Agent set forth in the First Lien Intercreditor Agreement are hereby incorporated by reference. 

 6. Governing Law; Jurisdiction. This Amendment shall be governed by and construed and
interpreted in accordance with the laws of Brazil. The parties irrevocably submit to the jurisdiction of the courts sitting in the City of São Paulo, State of São Paulo, Brazil, any action or proceeding to resolve any dispute or
controversy related to or arising from this Amendment and the parties irrevocably agree that all claims in respect of such action or proceeding may be heard and determined in such courts, with the express waiver of the jurisdiction of any other
court, however privileged it may be. 
 IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed in the presence of the
undersigned witnesses. 

 CLOSURE SYSTEMS INTERNATIONAL B.V. 

 

	
	/s/ Sergio Henrique Nascimento
	By: Sergio Henrique Nascimento
	Title: Attorney in Fact

 CLOSURE SYSTEMS INTERNATIONAL HOLDINGS
INC. 
  

	
	/s/ Sergio Henrique Nascimento
	By: Sergio Henrique Nascimento
	Capacity: Attorney in Fact

 CLOSURE SYSTEMS INTERNATIONAL (BRAZIL)
SISTEMAS DE VEDAÇÃO LTDA. 
  

	
	/s/ Sergio Henrique Nascimento
	By: Sergio Henrique Nascimento
	Title: Attorney in Fact

 THE BANK OF NEW YORK
MELLON as Collateral Agent acting as agent of and for the benefit of the Secured Parties 
  

					
	 /s/ Joaquim José Aceturi de Oliveira
	 		 	
	By: Joaquim José Aceturi de Oliveira	 		 	
	Title: attorney-in-fact	 		 	
			
	WITNESSES:	 		 	
			
	 /s/ Debora Ilirira Montuou
	 		 	 /s/ Andrea Ribeiro

	Name: Debora Ilirira Montuou	 		 	Name: Andrea Ribeiro
	ID: 25.978.964-1	 		 	ID: 23.126.528-1

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