Document:

exv10w69

Exhibit 10.69

	 	 	 	 	 

INDEMNITY

	TO:	 	 Gail D. Lilley
	 
	RE:	 	 798795 Ontario Limited (the “Corporation”)

          In consideration for your acting as a director and/or officer of the Corporation at our
request, whether or not you continue to act in such capacity or hold such office, we shall, to the
extent permitted by law, indemnify you and save you harmless from and against:

	 	1.	 	any liability and all costs, charges and expenses, including an amount paid to
settle an action or satisfy a judgment, that you actually and reasonably sustain or
incur in respect of any civil, criminal, administrative, investigative or other
proceeding in which you are involved because of your association with the Corporation;
provided that we are given prompt written notice of any such action, suit or
proceeding, and an opportunity to participate and, upon our accepting full liability,
to defend the same to the extent we are permitted to do so by law. Excluded from this
indemnity shall be any claim, issue or matter where it is judicially adjudged:

	 	(a)	 	that you did not act honestly and in good faith with a view to
the best interests of the Corporation, or
	 
	 	(b)	 	in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, that you had no reasonable
ground for believing that your conduct was lawful;

	 	2.	 	any liability and all costs, charges and expenses that you actually and
reasonably sustain or incur in respect of any matter in relation to which the
Corporation’s by-laws require the Corporation to indemnify you; and
	 
	 	3.	 	all other costs, charges and expenses that you actually and reasonably sustain
or incur in respect of the affairs of the Corporation; provided that prompt notice and
accountings are given to us of all such costs, charges or expenses actually and
reasonably sustained or incurred by you.

          In addition, if the Corporation has not advanced money to you for the costs, charges and
expenses referred to above, we shall advance such money upon your request; provided that we first
have received from you an undertaking that you will repay such money if it is ultimately determined
that you are not entitled to be indemnified because you are unable to fulfill the conditions of
paragraph 1(a) or (b).

          The foregoing indemnity shall also extend to your heirs and legal representatives. To the
extent your liability as a director or officer extends to Blake, Cassels & Graydon LLP, or

 

 

to any successor firm, that firm shall also be indemnified as provided above. The costs,
charges and expenses referred to herein shall include the value of legal services
actually and reasonably sustained by Blake, Cassels & Graydon LLP or any such successor
firm, internally or as a result of engaging external counsel, in respect of any such
civil or criminal action, suit or proceeding.

          If this indemnity is executed by more than one person, then the liability of such
persons hereunder shall be joint and several. This indemnity shall extend to your
association with any other body corporate or entity for which you agree to act as a
director or officer or in a similar capacity at the request of the Corporation or at our
request.

          Our subsidiary has executed a Unanimous Shareholder Declaration in respect of the
Corporation and we hereby agree to provide you with 10 days prior written notice at your
most recent address as indicated in the records of the Corporation in the event that we
propose to amend or terminate such Unanimous Shareholder Declaration.

          We agree (a) that any action or proceeding relating to this indemnity may (but need
not) be brought in any court of competent jurisdiction in the Province of Ontario, and
for that purpose now irrevocably and unconditionally attorn and submit to the
jurisdiction of such Ontario court; (b) that we irrevocably waive any right to, and will
not, oppose any such Ontario action or proceeding on any jurisdictional basis, including
forum non conveniens; and (c) not to oppose the enforcement against us in any
other jurisdiction of any order Judgment, decision, ruling or award duly obtained from an
Ontario court.

          This indemnity shall be governed by and construed in accordance with the laws of the
Province of Ontario and the laws of Canada applicable in such Province.

          DATED: November 16, 2010.

	 	 	 	 	 
	 	REYNOLDS GROUP HOLDINGS LIMITED

 	 
	 	By:  	/s/ Graeme Hart
 	 
	 	 	Name:  	Graeme Hart 	 
	 	 	Title:  	Director 	 

- 2 -exv10w70

Exhibit
10.70

	 	 	 	 	 

INDEMNITY

	TO:	 	 Gail D. Lilley
	 
	RE:	 	Pactiv Canada Inc. (the “Corporation”)

          In consideration for your acting as a director and/or officer of the Corporation at our
request, whether or not you continue to act in such capacity or hold such office, we shall, to the
extent permitted by law, indemnify you and save you harmless from and against:

	 	1.	 	any liability and all costs, charges and expenses, including an amount paid to
settle an action or satisfy a judgment, that you actually and reasonably sustain or
incur in respect of any civil, criminal, administrative, investigative or other
proceeding in which you are involved because of your association with the Corporation;
provided that we are given prompt written notice of any such action, suit or
proceeding, and an opportunity to participate and, upon our accepting full liability,
to defend the same to the extent we are permitted to do so by law. Excluded from this
indemnity shall be any claim, issue or matter where it is judicially adjudged:

	 	(a)	 	that you did not act honestly and in good faith with a view to
the best interests of the Corporation, or
	 
	 	(b)	 	in the case of a criminal or administrative action or
proceeding that is enforced by a monetary penalty, that you had no reasonable
ground for believing that your conduct was lawful;

	 	2.	 	any liability and all costs, charges and expenses that you actually and
reasonably sustain or incur in respect of any matter in relation to which the
Corporation’s bylaws require the Corporation to indemnify you; and
	 
	 	3.	 	all other costs, charges and expenses that you actually and reasonably sustain
or incur in respect of the affairs of the Corporation; provided that prompt notice and
accountings are given to us of all such costs, charges or expenses actually and
reasonably sustained or incurred by you.

          In addition, if the Corporation has not advanced money to you for the costs, charges and
expenses referred to above, we shall advance such money upon your request; provided that we first
have received from you an undertaking that you will repay such money if it is ultimately determined
that you are not entitled to be indemnified because you are unable to fulfill the conditions of
paragraph 1(a) or (b).

          The foregoing indemnity shall also extend to your heirs and legal representatives. To the
extent your liability as a director or officer extends to Blake, Cassels & Graydon LLP, or

 

 

to any successor firm, that firm shall also be indemnified as provided above. The costs, charges
and expenses referred to herein shall include the value of legal services actually and reasonably
sustained by Blake, Cassels & Graydon LLP or any such successor firm, internally or as a result of
engaging external counsel, in respect of any such civil or criminal action, suit or proceeding.

          If this indemnity is executed by more than one person, then the liability of such persons
hereunder shall be joint and several. This indemnity shall extend to your association with any
other body corporate or entity for which you agree to act as a director or officer or in a similar
capacity at the request of the Corporation or at our request.

          Our subsidiary has executed a Unanimous Shareholder Declaration in respect of the Corporation
and we hereby agree to provide you with 10 days prior written notice at your most recent address as
indicated in the records of the Corporation in the event that we propose to amend or terminate such
Unanimous Shareholder Declaration.

          We agree (a) that any action or proceeding relating to this indemnity may (but need not) be
brought in any court of competent jurisdiction in the Province of Ontario, and for that purpose now
irrevocably and unconditionally attorn and submit to the jurisdiction of such Ontario court; (b)
that we irrevocably waive any right to, and will not, oppose any such Ontario action or proceeding
on any jurisdictional basis, including forum non conveniens; and (c) not to oppose the enforcement
against us in any other jurisdiction of any order, judgment, decision, ruling or award duly
obtained from an Ontario court.

          This indemnity shall be governed by and construed in accordance with the laws of the Province
of Ontario and the laws of Canada applicable in such Province.

          DATED: November 16, 2010

	 	 	 	 	 
	 	REYNOLDS GROUP HOLDINGS LIMITED

 	 
	 	By:  	/s/ Graeme Hart
 	 
	 	 	Name:  	Graeme Hart 	 
	 	 	Title:  	Director 	 

- 2 -exv10w71

Exhibit 10.71

Agreement of Indemnification

Dated
November 16, 2010

Reynolds Group Holdings Limited

for the benefit and in favour of

the Indemnitees defined in this Agreement

(Pactiv — United States)

 

 

Contents

	 	 	 	 	 
	Clause	 	Page	 
	1. Definitions
	 	 	5	 
	2. Indemnification
	 	 	6	 
	3. Limitations on Indemnification
	 	 	6	 
	4. Indemnification Procedure
	 	 	7	 
	5. Severability
	 	 	7	 
	6. Governing law
	 	 	8	 
	7. Amendments
	 	 	8	 
	8. Termination
	 	 	8	 
	 
	 	 	 	 
	Schedule
	 	 	 	 
	 
	 	 	 	 
	1. Part A: U.S. Obligor
	 	 	10	 
	2. Part B: List of Indemnitees
	 	 	11	 

 

 

THIS AGREEMENT is made on November 16, 2010

BY:

Reynolds Group Holdings Limited, a company registered in New Zealand whose registered office is at
c/o Bell Gully (GJM), Level 22, Vero Centre, 48 Shortland Street, Auckland, New Zealand
(“RGHL”):

IN FAVOUR AND FOR THE BENEFIT OF:

Each Indemnitee (as defined below).

BACKGROUND

	A.	 	On November 16, 2010 the Reynolds Packaging group of companies (the “Reynolds Group”)
acquired the Pactiv group of companies (the “Pactiv Group”) through the merger of
Reynolds Acquisition Corporation (an indirect subsidiary of RGHL) and Pactiv Corporation, with
Pactiv Corporation as the surviving entity (the “Acquisition”).
	 
	B.	 	As part of the Acquisition, certain members of the Pactiv Group, including the U.S. Obligors
(as defined below), will, among other things, be required to guarantee and/or provide security
(as relevant) for the existing financing arrangements of the Reynolds Group, including,
without limitation, the financing arrangements put in place in order to fund the Acquisition,
(the “Existing Financing Arrangements”).
	 
	C.	 	Each U.S. Obligor will be required to fully participate in the Existing Financing
Arrangements, including, without limitation, by the following:

	 	1.	 	provision of a guarantee in respect of the senior secured notes co-issued
in an amount of US$1,125 million due 2016 and €450 million due 2016 (the “2009
Notes”) by accession to the indenture dated November 5, 2009 under which the 2009
Notes were issued (as amended, extended, restated or otherwise modified, the
“2009 Indenture”);

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	 	2.	 	accession to the registration rights agreement in respect of the 2009 Notes
dated November 5, 2009 (as amended, extended, restated or otherwise modified, the
“2009 Registration Rights Agreement”);
	 
	 	3.	 	provision of a guarantee in respect of the senior unsecured notes co-issued
in an amount of US$1,000,000,000 due 2018 (the “May 2010 Unsecured Notes”) by
accession to the indenture dated May 4, 2010 under which the May 2010 Unsecured Notes
were issued (as amended, extended, restated or otherwise modified, the “May 2010
Unsecured Notes Indenture”);
	 
	 	4.	 	accession to registration rights agreement in respect of the May 2010
Unsecured Notes dated May 4, 2010 (as amended, extended, restated or otherwise
modified, the “May 2010 Unsecured Notes Registration Rights Agreement”);
	 
	 	5.	 	provision of a guarantee in respect of the senior secured notes co-issued in
an amount of US $1,500,000,000 due 2019 (the “October 2010 Secured Notes”) by
accession to the indenture dated October 15, 2010 under which the October 2010 Secured
Notes were issued (as amended, extended, restated or otherwise modified, the
“October 2010 Secured Notes Indenture”);
	 
	 	6.	 	accession to the registration rights agreement in respect of the October 2010
Secured Notes dated October 15, 2010 (as amended, extended, restated or otherwise
modified, the “October 2010 Secured Notes Registration Rights Agreement”);
	 
	 	7.	 	accession to the purchase agreement in respect of the October 2010 Secured
Notes dated October 6, 2010 (the “October 2010 Secured Notes Purchase
Agreement”);
	 
	 	8.	 	provision of a guarantee in respect of the senior unsecured notes co-issued
in an amount of US $1,500,000,000 due 2019 (the “October 2010 Unsecured
Notes”) by accession to the indenture dated October 15,2010 under which the
October 2010 Unsecured Notes were issued (as amended, extended, restated or otherwise
modified, the “October 2010 Unsecured Notes Indenture”)
	 
	 	9.	 	accession to the registration rights agreement in respect of the October 2010
Unsecured Notes dated October 15, 2010 (as amended, extended, 

3

 

	 	 	 	restated or otherwise
modified, the “October 2010 Unsecured Notes Registration Rights Agreement”);

	 	10.	 	accession to the purchase agreement in respect of the October 2010 Unsecured
Notes dated October 6, 2010 (the “October 2010 Unsecured Notes Purchase
Agreement”);

	 	11.	 	provision of a guarantee in respect of a US$4,725,000,000 and €330,000,000
multi-currency term and revolving senior secured credit agreement dated November 5,
2009, between, among others, RGHL, the borrowers listed therein and Credit Suisse AG
(as subsequently amended, extended, restated or otherwise modified, the “Senior
Secured Credit Facilities”):

	 	12.	 	accession to the first lien intercreditor agreement dated November 5, 2009,
between, among others, The Bank of New York Mellon as the collateral agent, Credit
Suisse AG, and the grantors from time to time party thereto and the representatives
from time to time party thereto (as subsequently amended extended, restated or
otherwise modified, the “FLICA”);

	 	13.	 	accession to the intercreditor agreement dated May 11, 2007, as amended and
restated by an amendment and restatement agreement date November 5, 2009 between,
among others, RGHL as parent, Credit Suisse AG, Cayman Islands Branch as
administrative agent, The Bank of New York Mellon as collateral agent, senior secured
notes trustee and high yield noteholders trustee (and as further amended, extended,
restated or otherwise modified, the “2007 ICA”);

	 	14.	 	provision of a subordinated guarantee in respect of the senior indenture,
dated June 29, 2007, in respect of the 8% Senior Notes (“2007 Senior Notes”)
due 2016, initially issued in the aggregate principal amount of €480,000,000, between,
among others, Beverage Packaging Holdings
(Luxembourg) II S.A. (“BPII”), the Senior Note Guarantors (as defined therein), The
Bank of New York Mellon as trustee, principal paying agent and transfer agent, BNY
Fund Services (Ireland) Limited and Credit Suisse AG (as subsequently amended,
extended, restated or otherwise modified, the “2007 Senior Notes
Indenture”);

	 	15.	 	provision of a subordinated guarantee in respect of the senior subordinated
indenture, dated June 29, 2007, in respect of the 91⁄2%

4

 

	 	 	 	Senior Subordinated Notes due 2017 (“2007 Senior Subordinated Notes”),
initially issued in the aggregate principal amount of €420,000,000, between, among
others, BPII, the Senior Subordinated Note Guarantors (as defined therein), The
Bank of New York Mellon as trustee, principal paying agent and transfer agent, BNY
Fund Services (Ireland) Limited and Credit Suisse AG (as subsequently amended,
extended, restated or otherwise modified, the “2007 Senior Subordinated Notes
Indenture”) (the 2007 Senior Notes and the 2007 Senior Subordinated Notes are,
together, the “2007 Notes”); and

	 	16.	 	provision of security over certain assets of the U.S. Obligors to secure
the obligations in respect of the Senior Secured Credit Facilities, the 2009 Notes and
the October 2010 Secured Notes,

(collectively, the “Transactions”, and the documents relating to the Transactions are
collectively the “Transaction Documents”).

	D.	 	RGHL has agreed to provide an indemnity to the Indemnitees (as defined below) in respect
of the Transactions as further described below.

It is the intention of RGHL that this document be executed as an agreement (this
“Agreement”) in favour and for the benefit of each Indemnitee.

THIS AGREEMENT WITNESSES as follows:

	1.	 	Definitions
	 
	 	 	“Indemnitee” means each person listed in Part B of the Schedule to this Agreement;
and
	 
	 	 	“U.S. Obligor” means each company listed in Part A of the Schedule to this
Agreement.
	 
	2.	 	Indemnification
	 
	 	 	RGHL shall indemnify each Indemnitee against all legal expenses, losses, liabilities,
judgments, fines, penalties and amounts paid in settlement (including all interest,
assessments and other charges in connection therewith) (collectively, the “Indemnified
Liabilities”) incurred by an Indemnitee or on

5

 

	 	 	an Indemnitee’s behalf in connection with any proceeding resulting from or relating to
decisions the Indemnitee made or any actions the Indemnitee took on behalf of a U.S.
Obligor in his or her capacity as a director or officer of that company in connection with
any transactions or the approval or execution of any resolutions or documents in relation
to the Transactions.

	3.	 	Limitations on Indemnification
	 
	 	 	Notwithstanding any other provision of this Agreement, an Indemnitee shall not be entitled
to indemnification under this Agreement:

	 	(a)	 	to the extent that such indemnification is not permitted by applicable laws;
or

	 	(b)	 	to the extent such Indemnified Liabilities are the result of the gross
negligence, bad faith or wilful misconduct of the Indemnitee; or

	 	(c)	 	to the extent that payment is actually made, or for which payment is
available, to or on behalf of the relevant Indemnitee under an insurance policy,
except in respect of any amount in excess of the limits of liability of such policy or
any applicable deductible for such policy; or

	 	(d)	 	to the extent that payment has or will be made to the relevant Indemnitee by
a U.S. Obligor or any affiliate of RGHL otherwise than pursuant to this Agreement; or

	 	(e)	 	in connection with any proceeding (or part thereof) initiated by an
Indemnitee, unless:

	 	(i)	 	such indemnification is expressly required to be made by law;

	 	(ii)	 	the proceeding was authorised by the shareholder(s) (or
other decision making organ) of the relevant U.S. Obligor; or

	 	(iii)	 	such indemnification is provided by the relevant U.S.
Obligor, in its sole discretion, pursuant to the powers vested in the U.S.
Obligor under applicable law.

6

 

	4.	 	Indemnification Procedure

	 	(a)	 	Each Indemnitee shall give RGHL notice in writing as soon as practicable of
any proceeding in relation to that Indemnitee for which indemnification will or could
be sought under this Agreement. To obtain indemnification payments or advances under
this Agreement, an Indemnitee shall submit to RGHL a written request therefore,
together with such invoices or other supporting information as may be reasonably
requested by RGHL and reasonably available to the relevant Indemnitee. Subject to
clause 4(b)
below, RGHL shall make such indemnification payment within 30 business days of
receipt of such invoices and supporting information.
	 
	 	(b)	 	There shall be no presumption in favour of indemnification. If there is a
dispute between RGHL and an Indemnitee as to whether that Indemnitee is entitled to
indemnification, then independent legal counsel shall be selected by the board of
directors of RGHL to make such determination. The selected independent legal counsel
shall make such determination within 30 business days of being selected and the
decision of such independent legal counsel shall be binding upon all RGHL and the
relevant Indemnitee.

	5.	 	Severability
	 
	 	 	If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason, the validity, legality and enforceability of the remaining
provisions of this Agreement shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law.
	 
	6.	 	Governing law
	 
	 	 	This Agreement shall be governed by and its provisions construed in accordance with New
York law.
	 
	7.	 	Amendments
	 
	 	 	No amendment or modification of this Agreement shall be effective unless it is approved in
writing by each Indemnitee having the benefit of this Agreement.

7

 

	8.	 	Termination
	 
	 	 	This Agreement shall remain in effect in favour and for the benefit of each Indemnitee
until the expiration of 12 months after the date that is the later to occur of:

	 	(a)	 	the relevant Indemnitee ceasing to serve as a director of the relevant U.S.
Obligor; and

	 	(b)	 	the date on which all obligations of the relevant U.S. Obligor of which that
Indemnitee is a director or officer (as relevant) in respect of the Transaction
Documents are expired, terminated or released.

8

 

     IN WITNESS of which this Agreement has been executed and has been delivered on the date stated
at the beginning of this Agreement for the benefit and in
favour of each Indemnitee.

Reynolds Group Holdings Limited

	 	 	 	 	 
	 	 	 
	 	                         /s/ Graeme Hart
 	 
	 	Name:  	Graeme Hart 	 
	 	Position: Director 	 
	 

	 	 	 	 	 
	 	/s/
Frances Ramsay
 	 
	 	Signature of witness 	 
	 

	 	 	 	 	 
	 	 SECRETARY
 	 
	 	Occupation 	 
	 

	 	 	 	 	 
	 	 AUCKLAND
 	 
	 	City of Residence 	 
	 	 	 

9

 

	 	 	 	 	 

Schedule

Part A 

U.S. Obligor

	•	 	Pactiv Corporation
	 
	•	 	Pactiv Factoring LLC
	 
	•	 	Pactiv RSA LLC
	 
	•	 	Pactiv Retirement Administration LLC
	 
	•	 	Pactiv Germany Holdings Inc.
	 
	•	 	Pactiv International Holdings Inc.
	 
	•	 	Pactiv Management Company LLC
	 
	•	 	PCA West Inc.
	 
	•	 	Prairie Packaging Inc.
	 
	•	 	PWP Holdings Inc.
	 
	•	 	PWP Industries Inc.
	 
	•	 	Newspring Industrial Corporation

 

 

Part B

List of Indemnitees

	•	 	Gregory Alan Cole
	 
	•	 	Allen Philip Hugli
	 
	•	 	Helen Dorothy Golding
	 
	•	 	Thomas James Degnan
	 
	•	 	Mark Joseph Dunkley
	 
	•	 	Any other officer of the U.S. Obligors

11

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